(MENAFN- Qatar News Agency) Malaysia saw a modest growth of investments in the first half of 2015 (1H2015) with new approved direct investments totalling RM113.5 billion from RM112.0 billion in the corresponding period of 2014.
"Investor confidence sustained Malaysia's growth as total investments realised to date under the RMK10 period was RM813.5 billion, exceeding the plan's target of RM740 billion, despite the slower growth of private investment (3.9%) in the second quarter of 2015 as announced by Bank Negara recently," the Minister of International Trade and Industry Mustapa Mohamed said.
The services sector accounted for the largest share of total investments, contributing 54.4% or RM61.7 billion, followed by the manufacturing sector with investments of RM49.5 billion or 43.6%, while the primary sector contributed the remaining approved investments of RM2.3 billion (2%), according to Malaysia's (Bernama) News Agency.
"Malaysia's economy has done fairly well. This demonstrates continued investor confidence in the Government of Malaysia. This is also testament to Malaysia's structural economic fundamentals, which underscores the resilience of the country's economy, especially when one considers the challenges we face with external headwinds, the drop in oil prices and the rise of the US dollar," Minister Mustapa said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.