Bank Negara: Foreign investors not turning away from Malaysia despite RM0.8b FDI outflow in Q3 2020; private investment growth to rebound in 2021BNM governor Datuk Nor Shamsiah Mohd Yunus said instead that foreign investors continue to remain keen on keeping their investments in Malaysia. — Picture by Hari Anggara
“Secondly, about RM3.6 billion of trade credit extensions were given. This reflects strong demand of E&E exports by these FDI firms,” she said, referring to manufacturing firms granting trade credits ― or the practice of allowing customers to buy first on account and pay later ― in line with strong exports especially in the E&E sector.
In explaining the RM0.8 billion outflow in FDI for the third quarter in 2020, BNM’s quarterly bulletin said this was driven by debt instruments via intercompany loan extensions and scheduled loan repayments, as well as tax credits. As for the FDI position in Malaysia, it was at RM689.6 billion as at the end of the first quarter of 2020, before increasing to RM696.5 billion in the second quarter of 2020, and decreasing to RM689.1 billion in the third quarter of 2020 or by the end of September 2020.
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