Malaysia expects Investment growth momentum to continue in 2024

Tengku Zafrul launching the Centralised Sustainability Intelligence Solution at Bursa Malaysia. Also present are, from left, Malaysian Investment Development Authority CEO Sikh Shamsul Ibrahim Sikh Abdul Majid, Bursa Malaysia CEO Datuk Muhamad Umar Swift, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar and Investment, Trade and Industry Ministry Secretary General Datuk Hairil Yahri Yaacob.

“So we are on the right track. We can see that our exports to Asean and the US rose by double digits in May. In terms of exports, 85% are from the manufacturing sector, especially the electronics and electrical sector,” he told reporters after the launch of the Centralised Sustainability Intelligence Solution at Bursa Malaysia here on Friday.

Tengku Zafrul said the main sectors contributing to the approved investments are: manufacturing sector 51.3% , services sector 47% and the primary sector 1.7% .Austria topped the list of foreign investors by a very wide margin, with RM30.1 billion in approved investments, followed by Singapore , the Netherlands , China and the United States .

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