'Private investments to continue growing'

Private investments in Malaysia will continue to grow at a healthy pace, said Minister of International Trade and Industry (Miti), Datuk Seri Mustapa Mohamed.

He said 2013 is the year of implementation of some of the major projects announced by the government under the Economic Transformation Programme (ETP).

"We have investments in the pipeline," he said during the Miti and agencies networking session with the private sector.

Malaysia reportedly drew private investments of RM110 billion in 2012 compared to the RM94 billion in 2011.

Mustapa said the increase in private investments is due to the government’s efforts at making Malaysia an attractive investment hub, marked by political stability and good infrastructure.

The high speed railway link between Malaysia and Singapore, he said, when completed in 2020, will help boost investments in the long run.