Malaysia's foreign direct investment (FDI) in the second quarter (Q2) of 2024 increased to 9.08 billion MYR (2.2 billion USD), reflecting a strong inflow of foreign capital.
Petronas Twin Tower in Kuala Lumpur, Malaysia (Photo: thesundaily.my)
Kuala Lumpur (VNA) – Malaysia's foreign direct investment (FDI) in the second quarter (Q2) of 2024 incrꦡeased to 9.08 billion MYR (2.2 billion USD), reflecting a strong inflow of foreign capital.
Most of the capital came to manufacturing and services, especially in information and communication and wholesale & retail activities. Key sources of FDI were Japan, Singapore, and Hong Kong (China).
The Ministry of Investment, Trade, and Industry (MITI), through the Malaysian Investment Development Authority (MIDA), continues to promote national economic growth by attracting quality investments, both foreign investment (FI) and domestic investment (DI).
MITI Minister Tengku Zafrul Abdul Aziz outlined seven government strategies to balance FI and DI, including policy reforms. They aim to ensure sustainable growth and strengthen Malaysia's industrial ecosystem./.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim and his Japanese counterpart Fumio Kishida co-chaired a press conference following their talks in Putrajaya, Malaysia, on November 5.
Malaysia recorded 836.2 billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at the end of the second quarter, up 24.1 billion RM from Q1, according to the Department of Statistics Malaysia.
Malaysia has outpaced other emerging Southeast Asia peers as the most attractive country for foreign direct investment in the 2022 Milken Institute Global Opportunity Index released on January 27, said the Malaysian Ministry of International Trade and Industry on January 28.
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