Monday, August 21, 2017 - 17:30:39

Malaysia sees six-year record high investment

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Malaysia attracted 162.4 billion ringgit (about 52.4 billion USD) in domestic and foreign direct investment in 2012, a record high in the past six years in the face of global economic downturn.

The figure represented a 9.1 percent increase compared to the government’s previously set target, Minister of International Trade and Industry Mustapa Mohamed said at a ceremony to brief on the country’s investment in Kuala Lumpur on February 27.

Of the total investment approved, domestic direct investment (DDI) made up 78 percent and the rest was in the form of foreign direct investment (FDI).

The ratio is appropriate to the goal of economic transformation programme adopted by the government which is in favour of DDI, the Minister said.

Japan topped the list of foreign investors, followed by Saudi Arabia , Singapore , China and the Republic of Korea .

Malaysia is expected to lure about 12 billion USD in foreign investment in 2013.-VNA
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