Malaysia investment surges 44%

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imagesMalaysia attracted a 44 per cent increase in investments in the first quarter of 2013 compared to the same period in 2012, driven by domestic investments, the Malaysian Investment Development Authority (MIDA) said on May 21.

Overall, Malaysia recorded RM49.3 billion ($16.4 billion) of approved investments compared to RM34.3 billion in the first quarter of 2012.

According to MIDA, quality investments made up around 30 per cent of the numbers but contribute towards around 80 per cent of total value of investments. Domestic investments made up the bulk, with 62.9 per cent of total investments approved worth RM31 billion. This was an increase of 25.5 per cent from RM24.7 billion in the same quarter in 2012.

Meanwhile, foreign direct investments increased by 90.6 per cent from RM9.6 billion to RM18.3 billion year-on-year.

Divided by sectors, services lead with with RM22.3 billion (45. 2 per cent), followed by primary sector at RM15.3 billion (31 per cent) and manufacturing at RM11.7 billion (23.8 per cent).

Four subsectors recorded the high growth rates: scientific and measuring equipment (478.8 per cent), basic metal products (273.1 per cent) electric and electronics (161.3 per cent), and wood (86 per cent).

Compared by states, Johor led with a total investment of 5.6 billion followed by Sarawak (RM3 billion). Melaka and Kelantan are at the bottom with no foreign investment, and a total investment of RM15.4 million and RM6.6 million respectively.

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Reading Time: 1 minute

Malaysia attracted a 44 per cent increase in investments in the first quarter of 2013 compared to the same period in 2012, driven by domestic investments, the Malaysian Investment Development Authority (MIDA) said on May 21.

Reading Time: 1 minute

imagesMalaysia attracted a 44 per cent increase in investments in the first quarter of 2013 compared to the same period in 2012, driven by domestic investments, the Malaysian Investment Development Authority (MIDA) said on May 21.

Overall, Malaysia recorded RM49.3 billion ($16.4 billion) of approved investments compared to RM34.3 billion in the first quarter of 2012.

According to MIDA, quality investments made up around 30 per cent of the numbers but contribute towards around 80 per cent of total value of investments. Domestic investments made up the bulk, with 62.9 per cent of total investments approved worth RM31 billion. This was an increase of 25.5 per cent from RM24.7 billion in the same quarter in 2012.

Meanwhile, foreign direct investments increased by 90.6 per cent from RM9.6 billion to RM18.3 billion year-on-year.

Divided by sectors, services lead with with RM22.3 billion (45. 2 per cent), followed by primary sector at RM15.3 billion (31 per cent) and manufacturing at RM11.7 billion (23.8 per cent).

Four subsectors recorded the high growth rates: scientific and measuring equipment (478.8 per cent), basic metal products (273.1 per cent) electric and electronics (161.3 per cent), and wood (86 per cent).

Compared by states, Johor led with a total investment of 5.6 billion followed by Sarawak (RM3 billion). Melaka and Kelantan are at the bottom with no foreign investment, and a total investment of RM15.4 million and RM6.6 million respectively.

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