KUALA LUMPUR, Nov 29 (Bernama) — “Malaysia has become more selective in its investment agenda, attracting quality investments in targeted ecosystems that are projected to have significant knock-on effects throughout the domestic economy. For the first nine months of 2019, the country recorded RM149 billion worth of approved investments in the services, manufacturing and primary sectors. This was 4.4% higher than the RM142.6 billion approved in the same period last year. These investments involved 4,025 projects and will create an additional of 93,841 job opportunities,” announced YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).
The majority of the investments came from domestic sources, which contributed RM82.7 billion or 55.5% of the total investments. Foreign direct investments (FDI) represented 44.5% or RM66.3 billion. Total approved FDI in these three main sectors increased by 6.5% to RM66.3 billion in January-September 2019 from RM62.2 billion in the same period last year.
