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NewsHighlight Malaysia nets investments of RM136.9b in Jan-Sept 2013, sees full year at RM167b
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Highlight Malaysia nets investments of RM136.9b in Jan-Sept 2013, sees full year at RM167b
by Cals Thu 12 Dec 2013, 19:00
Highlight Malaysia nets investments of RM136.9b in Jan-Sept 2013, sees full year at RM167b
Business & Markets 2013
Written by Jonathan Gan at theedgemalaysia.com
Thursday, 12 December 2013 18:49
KUALA LUMPUR (Dec 12): Local and foreign investments in Malaysia totalled RM136.9 billion for the first nine months of 2013. This represents a 26% increase from RM108.5 in the same period last year.
In a press conference, Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Noharuddin Nordin said: “Malaysia continues to attract significant levels of investments in the first nine months of 2013.”
Nordin said he is confident of achieving more than RM167 billion worth of investments for the full year of 2013.
Out of RM136.9 billion, domestic investments amounted to RM94.1 billion or 68.7% of the total approved investments while foreign investments totalled RM42.8 billion (31.3%).
Domestic investments for the Jan-Sept period increased 12.96% from RM83.3 billion in Jan-Sept 2012 and foreign investments rose 69.84%, from RM25.2 billion in the first nine months of last year.
MIDA said the services sector continued to maintain its strong performance during the first 9 months, representing 60.9% (RM83.4 billion) of the RM136.9 billion invested.
Also contributing to domestic investments were the primary sector (represented by agriculture, mining, plantation & commodities, RM18.4 billion) and manufacturing (RM35.1 billion).
The three sectors contributed 3,908 projects and 126,912 jobs. The services sector and manufacturing contributed the most to the bulk of job creation.
Both US and Singapore remained strong supporters of the manufacturing industry in Malaysia, with the US contributing RM5.7 billion and Singapore RM3.7 billion.
On 2014 outlook, the MIDA CEO said: “We don’t have projections. What we want to do is either match or exceed this year’s performance.”
He said. “We should be able to match the performance of 2013, based on what we read by analysts. Although Asia’s growth might be slowing down, there are signs of recovery in Europe and America that offsets any slowdown in growth.”
Business & Markets 2013
Written by Jonathan Gan at theedgemalaysia.com
Thursday, 12 December 2013 18:49
KUALA LUMPUR (Dec 12): Local and foreign investments in Malaysia totalled RM136.9 billion for the first nine months of 2013. This represents a 26% increase from RM108.5 in the same period last year.
In a press conference, Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Noharuddin Nordin said: “Malaysia continues to attract significant levels of investments in the first nine months of 2013.”
Nordin said he is confident of achieving more than RM167 billion worth of investments for the full year of 2013.
Out of RM136.9 billion, domestic investments amounted to RM94.1 billion or 68.7% of the total approved investments while foreign investments totalled RM42.8 billion (31.3%).
Domestic investments for the Jan-Sept period increased 12.96% from RM83.3 billion in Jan-Sept 2012 and foreign investments rose 69.84%, from RM25.2 billion in the first nine months of last year.
MIDA said the services sector continued to maintain its strong performance during the first 9 months, representing 60.9% (RM83.4 billion) of the RM136.9 billion invested.
Also contributing to domestic investments were the primary sector (represented by agriculture, mining, plantation & commodities, RM18.4 billion) and manufacturing (RM35.1 billion).
The three sectors contributed 3,908 projects and 126,912 jobs. The services sector and manufacturing contributed the most to the bulk of job creation.
Both US and Singapore remained strong supporters of the manufacturing industry in Malaysia, with the US contributing RM5.7 billion and Singapore RM3.7 billion.
On 2014 outlook, the MIDA CEO said: “We don’t have projections. What we want to do is either match or exceed this year’s performance.”
He said. “We should be able to match the performance of 2013, based on what we read by analysts. Although Asia’s growth might be slowing down, there are signs of recovery in Europe and America that offsets any slowdown in growth.”
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