Xinhua
17 Nov 2023, 15:14 GMT+10
KUALA LUMPUR, Nov. 17 (Xinhua) -- Malaysia's foreign direct investment (FDI) increased by 14.8 billion ringgit (3.16 billion U.S. dollars) to reach 914.9 billion ringgit at the end of the third quarter, from 900 billion ringgit in the second quarter, official data showed Friday.
The services sector remained the largest recipient of the FDI with a value of 457.2 billion ringgit or 50 percent of the total, the Department of Statistics Malaysia (DOSM) said in a statement.
This was followed by manufacturing with 389.1 billion ringgit, or 42.5 percent and mining and quarrying with 43.6 billion ringgit, or 4.8 percent.
The FDIs were largely from Singapore, China's Hong Kong and the United States.
Meanwhile, Malaysia's direct investment abroad (DIA) position increased to 659.6 billion ringgit from 652.1 billion ringgit at the end of last quarter.
This investment was mainly in the services sector which contributed 68.5 percent, which was followed by mining and quarrying, and manufacturing.
The top three DIA destinations were Singapore, Indonesia and the Netherlands. (1 ringgit equals 0.21 U.S. dollars)
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
U.S. Senate passes Trump's landmark mega-bill The GOP-led Senate on Tuesday passed U.S. President Donald Trump's One Big Beautiful...
Bhaktapur [Nepal], July 2 (ANI): Inside a modest factory nestled in the heart of Nepal's Bhaktapur, Rina Suwal moves swiftly between...
Geneva [Switzerland], July 1 (ANI): Aiming to draw international attention to the worsening human rights situation and increasing persecution...
Ho Chi Minh [Vietnam] July 1 (ANI): Shivansh Tyagi, who is currently serving with the Income Tax Department, Mumbai, has brought laurels...
Bulawayo [Zimbabwe], July 1 (ANI): South African all-rounder Corbin Bosch on Tuesday became just the fourth from his country and first...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...