Trade minister: Drastic 73pct increase to FDI in Q1 2019
PARLIAMENT | Malaysia registered RM29.3 billion in approved FDI for the first quarter of 2019, representing a 73.4 percent increase from the same period last year.
As International Trade and Industry Minister Darell Leiking told the Dewan Rakyat today, the government approved RM16.9 billion in FDI from January to March 2019...
PARLIAMENT | Malaysia registered RM29.3 billion in approved FDI for the first quarter of 2019, representing a 73.4 percent increase from the same period last year.
As International Trade and Industry Minister Darell Leiking told the Dewan Rakyat today, the government approved RM16.9 billion in FDI from January to March 2018.
In response to a question from Ismail Sabri Yaakob (BN-Bera), Leiking said the manufacturing sector is still the main focus of foreign investors, who invested a total of RM20.2 billion.
This is followed by the services sector, which saw investments worth RM8.1 billion.
Ismail Sabri then asked if the figure included Khazanah Nasional Bhd's stake in IHH Healthcare Bhd being sold to Mitsui of Japan.
"This is asset acquisition instead of FDI," Ahmad Maslan (BN-Pontian) said in support.
Leiking replied that Mitsui's acquisition of the 16 percent stake IHH for RM8.42 billion was not included in the FDI.
"IHH was not included because it is not approved," he said.
The minister added that the increase in FDI showed the level of confidence of foreign investors in Malaysia.
He also noted that Putrajaya will review its investment policy and facilities to make Malaysia more competitive in the region.
