Kuala Lumpur (MIDA) – Malaysia recorded RM57.4 billion of approved investments in the primary, services and manufacturing sectors for the first quarter (Q1) of 2015. Compared to 2014 (Q1), this is an increase of 18.8%. increase over the same period last year, which recorded RM 48.3 billion in approved investments.
According to International Trade and Industry Minister Dato’ Sri Mustapa Mohamed the manufacturing sector led with investments of RM33.6 billion, accounting for 58.5% of the total, followed by the services sector at RM22.3 billion or 38.9% and the primary sector at RM1.5 billion or 2.6%.
“This increase comes despite the World Bank’s lower growth forecast for the Malaysian economy for 2015. It reflects the faith of investors in Malaysia as an attractive investment destination and Malaysia’s ability to hold its own in an increasingly competitive environment,” he said.
The Minister also noted that the bulk of the investments came from domestic sources, which contributed RM47.4 billion or 82.6% of the total investments while foreign sources contributed RM10 billion or 17.4%. The leading sources of foreign investments for the first three months of 2015 were the United States, Japan, Netherlands, Singapore and China. These five countries jointly accounted for 88.1% of total foreign investments approved in the manufacturing sector for this period. According to Dato’ Sri Mustapa Mohamed the approved projects in Q1 2015 are expected to generate about 48,120 jobs opportunities.