News & Articles Malaysia records RM37.3b approved investments from Jan-March
Malaysia records RM37.3b approved investments from Jan-March
17 Jun 2016
KUALA LUMPUR: Malaysia recorded RM37.3 billion of approved investments in the services, manufacturing and primary sectors in the first three months of the year.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia remains a competitive investment location for foreign investors, with an increase of 28 per cent in the first quarter.
Year-on-year, foreign direct investments (FDI) increased to RM12.8 billion in the first quarter from RM10.0 billion in the corresponding period of 2015.
"Domestic investments led with RM24.5 billion or 65.7 per cent of total approved investments in the first quarter," he said in a statement.
These investments involved 1,271 projects and will create 39,990 employment opportunities.
Mustapa said the first quarter would have recorded an overall increase of 8.1 per cent in investments had it not been for the two lumpy projects approved in last year's first quarter - PRPC's project in Johor and LNG9's project in Sarawak both which amounted to RM35.3 billion.
The services sector attracted the largest portion of approved investments in the first three months of 2016, amounting to RM27.6 billion.
Investments in the manufacturing sector for January – March 2016 totalled RM8.9 billion from 170 projects.
Investments in the primary sector recorded a total of RM874.9 million in the same period. Mustapa expects to see another challenging year in terms of investments this year.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia remains a competitive investment location for foreign investors, with an increase of 28 per cent in the first quarter.
Year-on-year, foreign direct investments (FDI) increased to RM12.8 billion in the first quarter from RM10.0 billion in the corresponding period of 2015.
"Domestic investments led with RM24.5 billion or 65.7 per cent of total approved investments in the first quarter," he said in a statement.
These investments involved 1,271 projects and will create 39,990 employment opportunities.
Mustapa said the first quarter would have recorded an overall increase of 8.1 per cent in investments had it not been for the two lumpy projects approved in last year's first quarter - PRPC's project in Johor and LNG9's project in Sarawak both which amounted to RM35.3 billion.
The services sector attracted the largest portion of approved investments in the first three months of 2016, amounting to RM27.6 billion.
Investments in the manufacturing sector for January – March 2016 totalled RM8.9 billion from 170 projects.
Investments in the primary sector recorded a total of RM874.9 million in the same period. Mustapa expects to see another challenging year in terms of investments this year.
Source: Nst.com.my