Kuala Lumpur (VNA) - Malaysia recorded investments totalling 150.8 billion RM in in the first nine months of 2016, a slight drop from 156.6 billion RM in the same period last year
Domestic investments accounted for 74.8 percent of the total investments at 112.8 billion RM, while the rest came from foreign investors, particularly those from the Netherlands, China, the UK, Singapore and Japan, according to Malaysia’s news agency Bernama.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed was quoted as saying that the overall investment performance for the whole of 2016 could be sustained, despite the challenging global environment.
"The services sector attracted the largest portion of approved investments, contributing 71.9 percent or 108.4 billion RM, followed by the manufacturing sector with investments of 40.7 billion RM or 27 percent, and the primary sector with approved investments of 1.7 billion RM or 1.1 percent," he said.
The minister said for the January-September 2016 period, the value of investments in the services sector increased 26.2 percent from the corresponding period last year.
The minister said while Malaysia is seeking greater market access through bilateral and multilateral trade agreements, the government places emphasis on protecting the interest of the country's economy and the well-being of the people.
Earlier, the central bank of Malaysia (Negara) said the country’s economy in the third quarter of this year continued to grow at a faster speed that expected. Malaysia’s GDP increased 4.3 percent in the quarter, higher than the forecast of 4 percent made by Bloomberg./.
Domestic investments accounted for 74.8 percent of the total investments at 112.8 billion RM, while the rest came from foreign investors, particularly those from the Netherlands, China, the UK, Singapore and Japan, according to Malaysia’s news agency Bernama.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed was quoted as saying that the overall investment performance for the whole of 2016 could be sustained, despite the challenging global environment.
"The services sector attracted the largest portion of approved investments, contributing 71.9 percent or 108.4 billion RM, followed by the manufacturing sector with investments of 40.7 billion RM or 27 percent, and the primary sector with approved investments of 1.7 billion RM or 1.1 percent," he said.
The minister said for the January-September 2016 period, the value of investments in the services sector increased 26.2 percent from the corresponding period last year.
The minister said while Malaysia is seeking greater market access through bilateral and multilateral trade agreements, the government places emphasis on protecting the interest of the country's economy and the well-being of the people.
Earlier, the central bank of Malaysia (Negara) said the country’s economy in the third quarter of this year continued to grow at a faster speed that expected. Malaysia’s GDP increased 4.3 percent in the quarter, higher than the forecast of 4 percent made by Bloomberg./.
VNA
