Malaysia attracts $11.68b in foreign investment in 2013
Malaysia attracted 38.774 billion ringgit ($11.68 billion) in foreign direct investments (FDI) in 2013, an increase of 24 per cent compared with 2012, the Ministry of International Trade and Industry (MITI) said, adding this result came despite the slow recovery and uncertain global economic conditions.
In a statement on February 13, the ministry said the volume also exceeded the country’s highest ever recorded FDI of RM37.325 billion in 2011 by 3.9 per cent. The increase in FDI also compares favourably to the increases in Global FDI of 11 per cent, 6.2 per cent in developing countries, and 2.4 per cent in South East Asia, as reported by the United Nations Conference on Trade and Development.
MITI said all sectors of the economy registered increases in FDI inflows in 2013. Investments were mainly in the manufacturing (37.6 per cent) and services (28.8 per cent), as well as mining (28.7 per cent) sub-sectors. In the services sector, the major contributors were financial and insurance/takaful activities and information and communication sub-sectors, which together contributed 55 per cent in 2013.
In terms of realised private investments, Malaysia achieved a record RM161.1 billion in 2013, an increase of 14.9 per cent compared with RM140.2 billion recorded in 2011, which also exceeded the annual average target of RM148 billion under the 10th Malaysia Plan.
MITI said many large corporations and prominent multinational companies had chosen Malaysia to establish their regional and global operations, while integrating their value and supply chain activities to take advantage of the country’s strong ecosystem. This trend, it added, would gain momentum going forward, given the continued government’s policy advocacy in creating a conducive environment for the business community in Malaysia.
Malaysia attracted 38.774 billion ringgit ($11.68 billion) in foreign direct investments (FDI) in 2013, an increase of 24 per cent compared with 2012, the Ministry of International Trade and Industry (MITI) said, adding this result came despite the slow recovery and uncertain global economic conditions. In a statement on February 13, the ministry said the volume also exceeded the country's highest ever recorded FDI of RM37.325 billion in 2011 by 3.9 per cent. The increase in FDI also compares favourably to the increases in Global FDI of 11 per cent, 6.2 per cent in developing countries, and 2.4 per cent...
Malaysia attracted 38.774 billion ringgit ($11.68 billion) in foreign direct investments (FDI) in 2013, an increase of 24 per cent compared with 2012, the Ministry of International Trade and Industry (MITI) said, adding this result came despite the slow recovery and uncertain global economic conditions.
In a statement on February 13, the ministry said the volume also exceeded the country’s highest ever recorded FDI of RM37.325 billion in 2011 by 3.9 per cent. The increase in FDI also compares favourably to the increases in Global FDI of 11 per cent, 6.2 per cent in developing countries, and 2.4 per cent in South East Asia, as reported by the United Nations Conference on Trade and Development.
MITI said all sectors of the economy registered increases in FDI inflows in 2013. Investments were mainly in the manufacturing (37.6 per cent) and services (28.8 per cent), as well as mining (28.7 per cent) sub-sectors. In the services sector, the major contributors were financial and insurance/takaful activities and information and communication sub-sectors, which together contributed 55 per cent in 2013.
In terms of realised private investments, Malaysia achieved a record RM161.1 billion in 2013, an increase of 14.9 per cent compared with RM140.2 billion recorded in 2011, which also exceeded the annual average target of RM148 billion under the 10th Malaysia Plan.
MITI said many large corporations and prominent multinational companies had chosen Malaysia to establish their regional and global operations, while integrating their value and supply chain activities to take advantage of the country’s strong ecosystem. This trend, it added, would gain momentum going forward, given the continued government’s policy advocacy in creating a conducive environment for the business community in Malaysia.
