Foreign Investors Pump US$5.4B in Malaysia

Foreign investors pumped RM17.1 billion (US$5.4 billion) in Malaysia during the first nine months of the year compared to just RM5 billion ($1.5 billion) recorded for the whole of 2009--indicating increase in confidence in the Malaysian economy, says a Bernama report published by the The Star Online.

 

Citing International Trade and Industry Minister Datuk Mustapa Mohamed, the news agency notes investments in the third quarter were mainly in the finance and insurance, manufacturing and oil and gas sectors.

 

The Malaysian government hopes to achieve at least RM20billion ($6.3 billion) in foreign direct investments by end of the year.
 



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