{"id":14136,"date":"2022-06-15T13:00:19","date_gmt":"2022-06-15T05:00:19","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=14136"},"modified":"2022-06-15T13:00:21","modified_gmt":"2022-06-15T05:00:21","slug":"malaysia-records-rm42-8-billion-approved-investments-from-january-to-march-2022","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=14136","title":{"rendered":"Malaysia records RM42.8 billion approved investments from January to March 2022"},"content":{"rendered":"\n

Kuala Lumpur, June 15<\/strong> — Malaysia attracted a total of RM42.8 billion (US$10.2 billion) in approved investments in the manufacturing, services and primary sectors for 910 projects between January and March 2022.<\/p>\n\n\n\n

In a statement, the Malaysian Investment Development Authority (Mida) said foreign direct investments (FDIs) remained the major contributor at 65% or RM27.8 billion (US$6.6 billion), while investments from domestic sources contributed 35%, amounting to RM15 billion (US$3.6 billion).<\/p>\n\n\n\n

\u201cThe approved investments for this period will create 24,906 new jobs in the country,\u201d<\/em> it added.<\/p>\n\n\n\n

The manufacturing sector continued to assume an important role in driving the country\u2019s economic recovery during the period, accounting for more than half (70.1%) of total approved investments of RM30 billion (US$7.1 billion), followed by the services sector at RM12.7 billion (US$3 billion, 29.7%) and the primary sector at RM100 million (US$40.4 million, 0.2%).<\/p>\n\n\n\n

\"approved<\/figure><\/div>\n\n\n\n

\u201cOf the total FDIs approved, Germany dominated with investments totalling RM8.9 billion (US$2.1 billion, 32%), followed by Brunei at RM5.1 billion (US$1.2 billion, 18.3%), the US at RM3.9 billion (US$900 million, 14%), Hong Kong at RM3.3 billion (US$800 million, 11.9%), and Japan at RM3.2 billion (US$800 million, 11.5%),\u201d<\/em> Mida said.<\/p>\n\n\n\n

For projects approved by state, it said five major states \u2013 Kedah, Penang, Selangor, Sabah and Johor \u2013 contributed RM31.8 billion (US$7.6 billion, 74.3%) of the total investments approved from January to March 2022.<\/p>\n\n\n\n

International Trade and Industry Minister Mohamed Azmin Ali said Malaysia remained an attractive investment destination for global investors with the manufacturing sector maintaining its position as a key pillar of the economy for 2022, generating significant multiplier effects on the nation\u2019s growth.<\/p>\n\n\n\n

\u201cToday, we are proud to have over 5,000 companies from more than 40 countries that have made Malaysia their location for manufacturing and related services operations,\u201d<\/em> he said.<\/p>\n\n\n\n

He said Malaysia would continue to focus on high growth and high value-added sectors which offer Malaysians exciting job opportunities.<\/p>\n\n\n\n

\u201cAligned with the 12th Malaysia Plan, Malaysia has been securing new investments that position well with the country\u2019s national investment aspirations and environmental, social and governance principles.”<\/em><\/p>\n\n\n\n

\u201cThis will put us in good stead to capture more economic opportunities. We look forward to seeing more significant growth for the second quarter of 2022,\u201d<\/em> he said.<\/p>\n\n\n\n

NMT<\/a> as reported by Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kuala Lumpur, June 15 — Malaysia attracted a total of RM42.8 billion (US$10.2 billion) in…<\/p>\n","protected":false},"author":1,"featured_media":14137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,17,524],"tags":[],"class_list":["post-14136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",1232,923,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460-300x225.jpg",300,225,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460-768x575.jpg",640,479,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460-1024x767.jpg",640,479,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",1232,923,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",1232,923,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",1128,845,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",1024,767,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/06\/general-aerial-view-of-kuala-lumpur-malaysia-AAEF05460.jpg",634,475,false]},"author_info":{"info":["Editor"]},"category_info":"Business<\/a> Economy<\/a> Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14136"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14136\/revisions"}],"predecessor-version":[{"id":14138,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14136\/revisions\/14138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/14137"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}