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Foreign affiliates contribute 17 pct to Malaysian economy in 2020

KUALA LUMPUR, Sept. 14 (Xinhua) — A total of 2,979 foreign affiliates were operating in Malaysia with a value-added of 241 billion ringgit in 2020, contributing 17 percent to Malaysia’s economy, official data showed Tuesday.

The uncertain economic situation amid the COVID-19 pandemic throughout the year 2020 has disrupted the business activities of most companies in Malaysia including foreign affiliates which a