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Old Posted Jun 26, 2021, 1:45 AM
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Approved investments in Malaysia to rise by 13pct to RM185bil in 2021: UOB Malaysia
By Ayisy Yusof May 19, 2021 @ 10:10am
KUALA LUMPUR: Approved investments in Malaysia is projected to increase by 13 per cent to RM185 billion in 2021, according to UOB Malaysia.

Of the total, 40 per cent will be attributed to foreign direct investment (FDI), with China, Europe and the United States (US) expected to remain among the top sources of FDI.

UOB Malaysia said capital is likely to be channelled mainly into the high-value-added sectors, including electrical and electronics (E&E), chemical, manufacturing and industrial.

Malaysia recorded RM164 billion in total approved investments, of which RM64.2 billion were from FDI sources, despite the challenging economic environment in 2020 due to the Covid-19 pandemic.

China is Malaysia's main source of FDI equivalent to 28.2 per cent or at RM18.1 billion.

Other contributors included Singapore which recorded RM10 billion in FDI, The Netherlands with RM7.0 billion and the US at RM4.3 billion.

UOB Malaysia facilitated FDI inflows from China last year, an increase of about 20 per cent compared to 2019.

It also supported a steady flow of new investments from European companies, particularly from France, Germany and the United Kingdom, which grew close to 10 per cent annually.
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