Illustrative image (Photo: themalaysianreserve) Kuala Lumpur (VNA) – Malaysia’snet inflows of foreign investment surged to 74.6 billion RM (16.17 billion USD) in 2022 from 50.4billion RM in 2021, while investment abroad tripled to 58.6 billion RM from 19.4billion RM, said the Department of Statistics Malaysia (DoSM) in a statement onJune 16.
“The encouraging performance in both FDI and direct investmentabroad (DIA) has shown the favourable economic situation in the country thatattracted foreign companies to continue their investments and similarly, localcompanies to expand and diversify their business activities abroad,” it added.
FDI in the manufacturing sector rose by 17.1 billion RM torecord net inflows of 49.5 billion RM, which comprised the largest chunk ofFDI. The manufacturing sector attracted 66.4% of totalinvestment, particularly in electrical, transport equipment, and othermanufacturing sub-sectors.
Services was the second highest contributor, mainly in financialactivities, followed by the mining sector, which was mainly in the form of equityand investment fund shares, the department said.
Asia has been the predominant source of FDIwith a value of 449 billion RM, followed by Europe at 224.5 billion RM and theAmerica at 187.3 billion RM as of the end of 2022./.
