Malaysia’s net inflows of foreign investment surge to RM74.6 billion last year from RM50.4 billion in 2021. – The Malaysian Insight file pic, June 16, 2023.
“The encouraging performance in both FDI and direct investment abroad showed the favourable economic situation in the country attracting foreign companies to continue their investments and similarly, local companies expanding and diversifying their business activities abroad,” it added. “Services was the second highest contributor, mainly in financial activities, followed by the mining sector, which was mainly in the form of equity and investment fund shares,” the department said.
Malaysia’s FDI position increased to RM879.1 billion at the end of 2022 against RM782 billion last year. Similarly, the DIA flows rose by RM39.3 billion to RM58.6 billion, attributed to higher outflows in equity and profit retained abroad. As of the end of last year, Malaysia’s DIA position stood at RM607.5 billion versus RM546.5 billion in 2021, with Singapore, Indonesia, and the Netherlands being the top three destinations for investors.
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