Malaysia’s FDI flows drop to 10.09 billion USD in 2017
The flows of foreign direct investment (FDI) in Malaysia fell 12.77 percent year-on-year to 41 billion ringgit (10.09 billion USD) in 2017, after reaching a new high of 47 billion ringgit in the previous year, the Department of Statistics Malaysia reported.
Malaysia’s FDI flows drop to 10.09 billion USD in 2017 (Illustrative image. Source: internet)
Hanoi (VNA) – The flows of foreign direct investment (FDI) in Malaysiafell 12.77 percent year-on-year to 41 billion ringgit (10.09 billion USD) in2017, after reaching a new high of 47 billion ringgit in the previous year, theDepartment of Statistics of Malaysia reported.
The FDI flows last year was mainly channeled in services sector (48.2percent), particularly in real estate, financial and insurance or takaful(Islamic insurance); information and communication activities.
The mining and quarrying industry (31.2 percent) was the secondcontributor, followed by the manufacturing sector (15.7 percent).
Asia was the main driver for Malaysia's FDI, accounting for 63.5 percentof the total, followed by Europe and Africa.
Within Asia, China's Hong Kong remained as the prominent investor with7.5 billion ringgit, while China (6.9 billion ringgit) overtook Singapore asthe second largest contributor.
Meanwhile, Malaysia's direct investment abroad (DIA) also registeredlower net outflows of 24.9 billion ringgit last year as compared with 33.2billion ringgit in 2016.
According to the department, the investment abroad was also channeledmainly in services (73.6 percent), followed by mining and quarrying (12percent) and manufacturing (7.4 percent) sectors.
Investment in the services sector was primarily in financial andinsurance or takaful; and real estate activities.
In terms of region, Asia was the top destination for Malaysia's DIAflows, contributing half of the investment with 13.7 billion ringgit, followedby Americas and Europe.
For Asia region, net DIA flows were mainly to Singapore and Indonesia,while Turkmenistan replaced India as the third largest destination.
The Malaysian Government expected that the country’s economy will expandby 5.5-6 percent this year as forecasted by the central bank of Malaysia.
Minister of Finance Lim Guan Eng recently affirmed that Malaysia is anopen and diversified economy so it could grow by at least 5 percent in the nextfew years despite adverse impacts from the global trade war.-VNA
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Malaysia’s FDI flows drop to 10.09 billion USD in 2017 (Illustrative image. Source: internet) 
