MP SPEAKS | Accompanied by a rise in industrial production, these figures are consistent with encouraging economic growth.
| Malaysia is enjoying encouraging economic growth and this is reflected by the strong 48 percent increase in approved foreign direct investment across all sectors to RM80.5 billion for the whole of 2018.
FDI growth is augmented by a healthy 3.2 percent year-on-year expansion in January 2019 for the Industrial Production Index , which is better than the market consensus of 2.3% as compiled by Bloomberg. The steady hand provided by the government in steering the economy has helped raised approved FDI over the course of last year.
The marked increase in approved FDI also highlights the crucial role Malaysia plays as a stable regional manufacturing hub, as well as a safe haven for international supply chains amid the continuing trade war between China and the United States.
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