ZCZC
BCN-22
MALAYSIA-FOREIGN-INVESTMENT
Malaysia’s foreign direct investment rises to 150 bln USD in Q3
KUALA LUMPUR, Nov. 17, 2018 (BSS/Xinhua) – Malaysia’s foreign direct
investment (FDI) increased to 614.7 billion ringgit (146.6 billion U.S.
dollars) in the third quarter, from 590.3 billion ringgit in the second
quarter, according to official statistics Friday.
Malaysian Statistics Department said in a statement that the manufacturing
sector was the highest foreign direct investment recipient, accounted for
41.4 percent of total investment.
This followed by financial and insurance activities, which made up 22.3
percent, and wholesale and retail trade that comprised of 7.2 percent.
Meanwhile, direct investment abroad also increased to 491.3 billion
ringgit (117.24 billion U.S. dollar) in the third quarter, from 481 billion
ringgit in the second quarter, mainly supported by financial and insurance
activities that accounted for 37.7 percent of total investment.
This was followed by mining and quarrying (16.7 percent) and agriculture
sectors (8.1 percent).
Singapore remained as the main destination of direct investment abroad,
followed by Indonesia.
BSS/AFP/HR/1452