Foreign investors intend to pump in RM80.5 billion across all sectors.
Indonesia, China and the United States are among those planning to increase their manufacturing investments in Malaysia, says Finance Minister Lim Guan Eng. ‘
Lim said the FDI growth was augmented by a 3.2% year-on-year expansion in the Industrial Production Index in January this year, higher than the market consensus of 2.3% compiled by Bloomberg. He said FDI planned by manufacturers from China rose from RM3.9 billion in 2017 to RM19.7 billion in 2018, an increase of 410.8% or RM15.8 billion.
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