For the first half of 2015, the Malaysian Investment Development Authority (Mida) and other agencies approved RM113.5 billion new investments, from RM112 billion in the same period last year.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed was pleased with the results, saying it augured well that investors remained confident in the government’s pro-business and pragmatic policies.
As at June 2015, Mida has 299 projects in the pipeline with investments worth RM21.8 billion for the manufacturing and services sectors.
“We’ll strengthen the investment ecosystems within the manufacturing sector to further attract more quality investments and encourage new product innovation in the country.”
With the latest new numbers, total investments realised to date under the Tenth Malaysia Plan reached RM813.5 billion, exceeding the plan’s target of RM740 billion.
For the first half of the year, services sector accounted for the largest share of the total investments, contributing 54.4 per cent (RM61.7 billion), followed by the manufacturing sector with investments of RM49.5 billion or 43.6 per cent, while the primary sector made up the rest with RM2.3 billion or two per cent.
The total investments approved were in 2,487 projects and are expected to generate about 101,780 job opportunities, many of which will be in high technology and high value-added industries.
In the transport sector, which comprises investments in air, maritime and land transport, the approval of three new highways led to the increase in total investment in the sector to RM12.8 billion compared with RM6.3 billion for the whole of 2014.
The primary sector’s weaker performance was due to lower investments in the upstream oil and gas activities and the challenge of lower global crude oil prices.
Domestic investments made up the most with RM92.1 billion versus RM21.4 billion from foreign investments.
In the first half, 255 Malaysian-owned manufacturing projects with investments totaling RM11.2 billion were approved in the non-oil sector – mainly in the machinery manufacturing, wood and furniture, fabricated metal products (including engineering support services), transport equipment and food manufacturing industries.
On the breakdown of foreign direct investments, Mustapa highlighted for the first six months of 2015, East Asia economies Japan, Hong Kong, China, Korea and Taiwan led the pack with RM7.4 billion or 56.4.6 per cent of investments.
The Americas (RM2.3 billion) and Europe (RM1.9 billion) were the other main investors.
“Investments from East Asia were mainly in the fabricated metal products, non-metallic mineral products and E&E industries, while more than 80 per cent of investments from the USA were in E&E.”
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