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Malaysia a haven for foreign money as trade war rages: minister

Finance chief Lim Guan Eng touts rising FDI and keeping Malaysia Airlines aloft

Malaysian Finance Minister Lim Guan Eng noted an increase in inbound investment as a result of the U.S.-China trade war. (Photo by Wong Ying Xian)

KUALA LUMPUR -- Malaysia has enjoyed a surge in investment from abroad as businesses run for cover from the Sino-American trade war, Finance Minister Lim Guan Eng said, while warning that everyone loses in a prolonged conflict.

Foreign direct investment increased 94.8% on the year to 21.7 billion ringgit ($5.18 billion) in the January-March quarter, according to government statistics. Investment from China has shown remarkable growth, Lim told Nikkei in an interview.

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