Kuala Lumpur (VNA) – Malaysia's foreign direct investment (FDI) in the second quarter (Q2) of 2024 increased to 9.08 billion MYR (2.2 billion USD), reflecting a strong inflow of foreign capital.
Most of the capital came to manufacturing and services, especially in information and communication and wholesale & retail activities. Key sources of FDI were Japan, Singapore, and Hong Kong (China).
The Ministry of Investment, Trade, and Industry (MITI), through the Malaysian Investment Development Authority (MIDA), continues to promote national economic growth by attracting quality investments, both foreign investment (FI) and domestic investment (DI).
MITI Minister Tengku Zafrul Abdul Aziz outlined seven government strategies to balance FI and DI, including policy reforms. They aim to ensure sustainable growth and strengthen Malaysia's industrial ecosystem./.
