KUALA LUMPUR — March 14, 2019: Total approved investments in the manufacturing, services and primary sectors increased to RM201.7 billion last year from RM200.6 billion in 2017, with the investments involving 4,887 projects that would create over 129,700 jobs.
The pie was split between domestic direct investments, which represented a 60.1 per cent share, and foreign direct investments, International Trade and Industry Minister Darell Leiking told reporters following the release of the Malaysia Investment Performance Report today.
Foreign investors continued to capitalise on the uniquely Malaysian ecosystems and its regional synergies, with the FDI increasing by 48 per cent to RM80.5 billion.
Manufacturing emerged as the champion of the three sectors, recording a significant margin with approved investments totalling RM87.4 billion last year, up 37.2 per cent from 2017. The services and primary sectors had investments of RM103.4 billion and RM10.9 billion respectively in 2018.
Foreign investments in approved manufacturing projects more than doubled to RM58 billion in 2018. This reflected the country’s success in its targeted approach to attract investments in high value-added and knowledge-intensive industries.
China, Indonesia, the Netherlands, Japan and the United Stares were the largest contributors to the manufacturing sector last year. The five countries jointly accounted for 76.4 per cent of the total investments approved in the sector.
Darell said 69.5 per cent of FDI were in new projects, with the remaining being expansion and diversification projects.
According to Leiking, the petroleum products industry, including petrochemicals, contributed the lion’s share to the overall performance in manufacturing, with approved investments of RM32.9 billion while the services sector remained the country’s largest contributor to the total approved investments.
Foreign investors were strong in the distributive trade and global establishment sub-sectors, with these sub-sectors contributing 55.8 per cent of the total foreign investments in the sector. — Bernama