FDIs dip to RM32.6b

KUALA LUMPUR: Malaysia attracted net foreign direct investments (FDIs) of RM32.6 billion last year compared with RM40.4 billion in 2017.

The FDIs were lower due to decreased investments in the mining and quarrying sector, according to the Statistics Department.

Chief statistician Datuk Seri Mohd Uzir Mahidin said of the total FDIs, 44.9 per cent was from Asia while 33.7 per cent from Europe.

“Hong Kong remained the highest contributor from the Asian region,” he said in a statement yesterday.

Major investments remained in the services sector, particularly in financial, insurance and takaful activities and in wholesale and retail trade.

Accumulated FDIs stood at RM631.2 billion as of last year from RM595.5 billion in 2017.