By Farah Wahida:
Despite the slowdown in global investment, Malaysia still managed to draw RM162.4 billion worth of investments in 2012, up 9.1 percent from its official target and the highest in six years, reported The Business Times.
The bulk of the investments seen last year came from new and emerging technologies, particularly within semiconductor, aerospace, machinery and equipment, solar, biotechnology, oil and gas sector as well as petroleum and petrochemical products and medical devices.
Of the total investments made last year, 50.7 percent or RM20.8 billion came from foreign investments. Japan was the major contributor at RM2.8 billion, followed by Saudi Arabia (RM2.6 billion), Singapore (RM2.2 billion), South Korea (RM1.6 billion) and China (RM2 billion).
The report further noted that domestic investments accounted for the most in the manufacturing, services and primary sectors at 78 percent of the total investments made or RM127.6 billion.
The largest amount of approved investments was seen in Selangor at RM23.4 billion, while Sabah recorded the second largest at RM11.6 billion. It was followed by Kuala Lumpur, Sarawak and Johor at RM9.7 billion, RM9.4 billion and RM7.4 billion, respectively.
Moreover, 72 percent of last year’s approved investments were accounted for by the services sector, with the real estate as its major contributor at RM58.8 billion. Utility contributed RM12.6 billion, transport (RM6.8 billion), hotel and tourism (RM8.9 billion) and telecommunications (RM6.6 billion).
Despite the slowdown in global investment, Malaysia still managed to draw RM162.4 billion worth of investments in 2012, up 9.1 percent from its official target and the highest in six years, reported The Business Times.
The bulk of the investments seen last year came from new and emerging technologies, particularly within semiconductor, aerospace, machinery and equipment, solar, biotechnology, oil and gas sector as well as petroleum and petrochemical products and medical devices.
Of the total investments made last year, 50.7 percent or RM20.8 billion came from foreign investments. Japan was the major contributor at RM2.8 billion, followed by Saudi Arabia (RM2.6 billion), Singapore (RM2.2 billion), South Korea (RM1.6 billion) and China (RM2 billion).
The report further noted that domestic investments accounted for the most in the manufacturing, services and primary sectors at 78 percent of the total investments made or RM127.6 billion.
The largest amount of approved investments was seen in Selangor at RM23.4 billion, while Sabah recorded the second largest at RM11.6 billion. It was followed by Kuala Lumpur, Sarawak and Johor at RM9.7 billion, RM9.4 billion and RM7.4 billion, respectively.
Moreover, 72 percent of last year’s approved investments were accounted for by the services sector, with the real estate as its major contributor at RM58.8 billion. Utility contributed RM12.6 billion, transport (RM6.8 billion), hotel and tourism (RM8.9 billion) and telecommunications (RM6.6 billion).
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