The services sector saw approved investments totalling RM154 billion or 58.2 per cent of the total approved investments for the year. theSun theSundaily investments manufacturing finance trade
: Malaysia’s approved investments amounted to RM264.6 billion in 2022, with the services sector accounting for the largest share of the pie, followed by the manufacturing and primary sectors.
Earlier in his speech, Tengku Zafrul said foreign direct investments accounted for 61.7 per cent or RM163.3 billion of the total approved investments, while domestic direct investments contributed 38.3 per cent or RM101.3 billion.China accounted for the biggest FDIs at RM55.4 billion, followed by the United States , the Netherlands , Singapore and Japan .
In his speech, he highlighted that Malaysia’s New Investment Policy reforms are consistent with the 12th Malaysia Plan , which is aimed at resetting the nation’s economy by enhancing security, promoting well-being and inclusivity, and advancing sustainability. “Such measures will continue to make Malaysia an appealing destination for businesses looking to expand their digital capabilities and regional footprint,” he said.
“Investment decisions are a little different from trade as it is based on long-term plans. The important thing is the country’s fundamentals,“ he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia attracts RM264.6 billion approved investments in 2022 | The Malaysian InsightMalaysia attracts RM264.6 billion approved investments in 2022
Read more »
Asia Mobiliti makes it to Entrepreneurship World Cup global finals 2022Sole M’sian to compete with startups from 53 nations for US$300k grand prize 250 companies invited to participate in a 3-day bootcamp, with 100 selected Asia Mobility Technologies Sdn Bhd, a leading mobility-as-a-service (MaaS) and Internet of Things (IoT) solutions provider, is the only Malaysian startup from 100 worldwide selected to compete for a share of US$1 million (RM4.48 million) at the Entrepreneurship World Cup (EWC) Global Finals.
Read more »
Sosma: 140 of 624 nabbed in 2022 freed so far, says Home MinisterKUALA LUMPUR: A total of 140 detainees under the Security Offences (Special Measures) Act (Sosma) have been set free so far, says Datuk Seri Saifuddin Nasution Ismail.
Read more »
Malaysia sees 13% drop in new investmentsInvestors poured in RM264bil in 2022, compared with RM306bil in 2021, says Mida.
Read more »
Brain drain: Majority of those who migrated moved in Singapore, says HR MinisterKUALA LUMPUR: A total of 1.13 million out of 1.86 Malaysians who have migrated overseas are residing in Singapore as of 2022, says Human Resources Minister V. Sivakumar.
Read more »
PSG clash the true test for Bayern’s Champions League recruitsBERLIN: Bayern Munich host Paris Saint-Germain on Wednesday with the stage set for star turns from their 2022-23 additions Sadio Mane and Matthijs de ...
Read more »