Foreign direct investment (FDI) in Malaysia amounted to 24.9 billion RM (7.8 billion USD) in the first nine months of this year, a decrease of 7.6 percent compared to the same period last year.

In the 2014 third quarter alone, FDI inflow to the country fell 28.6 percent year-on-year, the Malaysian Department of Statistics said, adding that investment was mainly funneled into mining, finance and insurance, retails and wholesales.

Singapore , Mauritius and Cayman islands were the top sources of FDI in Malaysia .

The country’s Ministry of International Trade and Industries in March unveiled that the country hopes to lure 40 billion RM (12.5 billion USD) in FDI this year.

FDI inflow to Malaysia hit 10.07 billion USD in 2012 and 12.3 billion USD in 2013.

Also in the first three quarters of this year, Malaysia ’s outflow of direct investment reached 16.9 billion RM (5.05 billion USD), up 80 percent over the same period last year.-VNA