Malaysia recorded 836.2 billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at the end of the second quarter, up 24.1 billion RM from Q1, according to the Department of Statistics Malaysia.
Kuala Lumpur capital of Malaysia (Illustrative photo: themalaysianreserve)
Kuala Lumpur (VNA) – Malaysiarecorded 836.2billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at theend of the second quarter, up 24.1 billion RM from Q1, according to the Departmentof Statistics Malaysia.
Themanufacturing sector remained the largest recipient with a value of 360 billionRM or 43.1%, followed by financial activities 189.8 billion RM (22.7%) andwholesale and retail trade 53 billion RM (6.3%).
Chiefstatistician Datuk Seri Dr Mohd Uzir Mahidin said the FDI sources werelargely from Asia, which amounted to 431.1 billion RM or 51.6%, mainly fromSingapore and Hong Kong (China), followed by Europe and the Americas.
Singaporewas still the biggest source of FDI, with an accumulated 174.1 billion RM (20.8%),followed by Hong Kong with 91.1 billion RM (10.9%), the United States 90billion RM (10.8%) and Japan 84.2 billion RM (10.3%).
Meanwhile,Malaysia’s direct investment abroad increased to 577.4 billion RM in Q2, comparedto 551.7 billion RM at the end of the previous quarter. The top threedestinations were Singapore (118 billion RM or 20.4%), Indonesia (59.8billion RM; 10.%), and the Cayman Islands (35.5 billion RM; 6.1%)./.
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Kuala Lumpur capital of Malaysia (Illustrative photo: themalaysianreserve) 
