Malaysia received RM31.7 billion in foreign direct investment (FDI) last year, an increase of 3.1 per cent from RM30.7 billion in 2018, said the Department of Statistics Malaysia (DoSM).
At the same time, Malaysia’s Direct Investment Abroad (DIA) also posted a healthy growth of 26.5 per cent to RM26.1 billion in 2019.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the encouraging performances of both FDI and DIA show the favourable economic situation in the country that has attracted foreign companies to continue investing and similarly for local companies to expand and diversify their activities abroad.
“Major contributors by country for FDI flows in 2019 were Japan, Hong Kong and the Netherlands,” he said in a statement today.
The higher FDI was mainly due to injection of equity from Japan to Malaysia in health activities, while the foreign inflows were mainly channelled into the services sector, particularly in health, real estate and financial activities.
Meanwhile, the manufacturing sector was the second highest, mainly in the form of debt instruments and equity in refined petroleum and electrical and electronics products, followed by the mining and quarrying sector.
After recording a continuous decline since 2015 due to uncertainty in the global environment and subdued crude oil prices, overseas investment rebounded to RM26.1 billion from RM20.6 billion in the previous year.
Mohd Uzir said Brazil became the top country for DIA particularly investments in the oil and gas industry.
Moreover, Malaysian companies largely invested in the services sector especially in financial activities, followed by the manufacture of electrical and electronics and non-metallic mineral products.
Additionally, he said the accumulated FDI in Malaysia increased to RM691.6 billion as at end-December 2019, while the accumulated overseas investment stood at RM485.4 billion.
From the accumulated investments in 2019, the income received by FDI companies was higher than the DIA, resulting in higher profits earned by foreign companies in Malaysia.
“Comparatively, foreign investors in Malaysia gained RM0.08 for every RM1.00 of investment, while Malaysian companies received RM0.06 for every RM1.00 invested abroad,” said Mohd Uzir.
The manufacturing sector benefited the most from FDI while the oil and gas sector gained the most from the DIA.
He also stated that since 2016, FDI in the sector services outpaced the manufacturing sector predominantly in financial activity.
“Moving forward, with the unprecedented COVID-19 pandemic that caused economic uncertainty worldwide, FDI is expected to be on a subdued trend for 2020,” he said.
Nevertheless, he noted, industries such as healthcare, pharmaceutical, medical and activities related to e-commerce have the opportunity to expand their business although the continuous focus on enhancing the manufacturing sector will widen the spillover effect on the domestic economy.
Local companies should take advantage of these activities by expanding and strengthening their capacities towards high-end technology to gain optimal output supported by business-friendly policies to boost the domestic economy, he said.
“Currently, it is vital to stimulate the local economy as it will spur development with the setting up of businesses and creating more job opportunities for the country,” he said, adding that the acquisition of knowledge from technology transfer is a great advantage to the nation.
--BERNAMA
Bernama
Thu Jun 11 2020
He also stated that since 2016, FDI in the sector services outpaced the manufacturing sector predominantly in financial activity.
Malaysia gesa masyarakat antarabangsa terus menekan Israel
Wisma Putra menjelaskan keganasan Israel terhadap Palestin di Gaza yang menyebabkan kini dilanda kebuluran, malnutrisi dan penyakit.
10 Berita Pilihan - (29 Mac 2024)
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Kementerian bercadang anjur jelajah tingkat kesedaran kanak-kanak guna media sosial - Fahmi
Menteri Komunikasi Fahmi Fadzil berkata beliau telah berhubung dengan pejabat Menteri Pendidikan bagi menyatakan hasrat itu.
Sistem PADU selamat - Fahmi
Antara pihak yang terlibat dalam menguruskan keselamatan siber negara termasuklah Agensi Keselamatan Siber Negara (NACSA) dan Cybersecurity Malaysia.
Tumpuan Sabtu - 30 Mac 2024
Ikuti rangkuman berita utama yang menjadi tumpuan di Astro AWANI.
KPM pertimbang perjawatan warden bukan dalam kalangan guru
Kementerian Pendidikan Malaysia (KPM) sedia mempertimbangkan untuk mewujudkan perjawatan warden bukan dalam kalangan guru di sekolah berasrama, dalam menangani pelbagai isu termasuk kes buli.
Seluruh Perlis, 30 kawasan lain catat suhu panas tahap berjaga-jaga - MetMalaysia
Suhu panas tahap satu atau berjaga-jaga merujuk kepada suhu maksimum harian 35-37 darjah Celsius bagi tempoh sekurang-kurangnya tiga hari berturut-turut.
Louis Gossett Jr meninggal dunia pada usia 87 tahun
Louis Gossett Jr., lelaki kulit hitam pertama memenangi Anugerah Akademi sebagai pelakon pembantu terbaik, meninggal dunia pada usia 87 tahun.
Anggota polis maut dalam perjalanan bertugas
Seorang anggota polis maut selepas motosikal yang ditunggangnya terbabit dalam kemalangan dengan sebuah treler di Kilometer 6, Jalan Bahau-Kemayan tengah hari tadi.
Wanita Malaysia perlu peka terhadap golongan memerlukan - Dr Wan Azizah
Wanita di Malaysia perlu sentiasa peka dan membuat kebaikan kepada golongan yang memerlukan lebih-lebih lagi pada Ramadan ini, kata isteri Perdana Menteri Datuk Seri Dr Wan Azizah Wan Ismail.
WTCKL diiktiraf International Business Review ASEAN Awards
Irmohizam menzahirkan ucapan jutaan terima kasih kepada The International Business Review atas pengiktirafan berkenaan.
COVID-19: Pelanggan tembak tiga pekerja restoran makanan segera selepas dilarang makan dalam restoran
Suspek diberitahu oleh pekerja restoran itu bahawa ruang makan ditutup dan hanya 'drive-thru' sahaja dibuka.
Bertahun bina empayar, Asyraf Khalid kongsi di sebalik jatuh bangun dunia niaga
Menurut pengusaha jamu Mutyara Beauty itu, dia sentiasa dilontarkan dengan tanggapan negatif sesetengah pihak kononnya hanya bernasib baik kerana pengaruh bapanya.
COVID-19: RM4.5 billion fund to help small, medium enterprises and micro entrepreneurs
Prime Minister said the allocation would be channelled through five key initiatives.
Maxis Business SPARK Summit tampil pemikiran bersama dalam memacu transformasi digital di Malaysia
Lebih dari 500 pemimpin perniagaan tempatan dan antarabangsa dari sektor Korporat, Kerajaan dan PKS tempatan menyertai Maxis Business SPARK Summit 2019 pertama.
Kaji selidik Monash: Pemimpin korporat Cina puas hati dengan PH
Dalam kaji selidik yang melibatkan 390 responden itu, 50 peratus pemimpin korporat Cina berpuas hati, diikuti pemimpin Melayu (39 peratus), dan pemimpin India (38 peratus).
Syarikat tembakau terbesar dunia seru perokok berhenti merokok
Kaji selidik terbaharu oleh Philip Morris International Inc. (PMI) adalah sebahagian daripada kempen 'Unsmoke' yang menyeru agar semua berhenti merokok.
Kerjasama SME Bank, TM dan Commerce.Asia bantu usahawan dalam transformasi digital
SME Bank bersama Telekom Malaysia Berhad dan Commerce.Asia menandatangani dua Memorandum Persefahaman (MoU) pada Selasa.
Pengasas produk The Ordinary ditemui mati
Sehari sebelum kematiannya, Brandon Truaxe telah memuat naik beberapa video berkelakuan pelik ke Instagram.
Here are the three considerations we had when we did the Budget - Tony Pua
Damansara MP Tony Pua explained the three major considerations on what went into the development and execution of Budget 2019.