Malaysia's FDI Rises to 215 Billion USD by Q2
TEHRAN (ANA)- Malaysia's foreign direct investment (FDI) increased 16.2 billion ringgit (3.65 billion U.S. dollars) from the previous quarter to 954.2 billion ringgit at the end of the second quarter of 2024, official data showed.
The Department of Statistics Malaysia (DOSM) said in a statement that the services sector remained the largest recipient with a value of 485 billion ringgit, or 50.8 percent.
This was followed by manufacturing (398.5 billion ringgit, or 41.8 percent) and mining and quarrying (46 billion ringgit, 4.8 percent).
Meanwhile, Malaysia's direct investment abroad (DIA) position decreased to 671.8 billion ringgit as compared to 683.6 billion ringgit at the end of the previous quarter.
The services sector was the main contributor to DIA position (469.2 billion ringgit), followed by mining and quarrying (79.9 billion ringgit) and manufacturing (59.9 billion ringgit).
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