Malaysia recorded a total of RM64.8 billion worth of investments in the manufacturing, services and primary sectors for the first six months of 2020 despite multiple headwinds on the global front. These investments involved 1,725 projects and will create 37,110 employment opportunities in Malaysia.
Of the total investments approved, domestic direct investments (DDI) accounted for 69.8 per cent, or RM45.3 billion, while foreign direct investments (FDI) made up the rest of RM19.5 billion.
Singapore (RM4.9 billion), Switzerland (RM2.8 billion), China (RM2.2 billion), the United States of America (RM2.2 billion) and Thailand (RM1.8 billion) were the top five sources of FDI for the manufacturing, services and primary sectors during the period.
The manufacturing sector attracted the largest portion of approved investments for the first half of 2020, contributing more than half (55.1 per cent) or RM35.7 billion, followed by the services sector with investments of 44.2 per cent or RM28.6 billion, and the primary sector with approved investments of 0.7 per cent or RM0.5 billion. Find the details...
-By Sivasuriyamoorthy Sundara Raja, Executive Director, Investment Promotion, Malaysian Investment Development Authority (MIDA)
Source: Online/SZK
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