Latest news with #RM29.4
New Straits Times
2 days ago
- Business
- New Straits Times
Tengku Zafrul: Foreign investors remain commited to Malaysia amid global uncertainty
KUALA LUMPUR: Foreign companies with existing investments in Malaysia continue to maintain their operations, with no signs of withdrawal despite ongoing global economic headwinds. Minister of Investment, Trade and Industry, Datuk Seri Tengku Zafrul Tengku Abdul Aziz, said this reflects the strong confidence foreign investors have in Malaysia's robust and resilient investment ecosystem. However, he noted that new investors are approaching with caution, adopting a "wait-and-see" stance amid rising geopolitical complexities. "This is particularly due to the increasingly complex geopolitical uncertainties. So far, no existing investors have expressed intentions to leave Malaysia," he said during a press conference after the Regional Socialisation of the AEC Vision 2045 Asean Community Strategic Plan. "They remain committed to their investments, and no cancellations have been announced. In our engagement sessions with investors, we found that various factors are being considered before investment decisions are made, particularly the geopolitical tensions between the United States and China." Tengku Zafrul added that forecasting future investment flows has become increasingly difficult given the rapidly evolving global landscape. On Wednesday, Malaysia reported approved investments totalling RM89.8 billion for the first quarter of 2025, marking a 3.7 per cent increase compared to the same period last year, despite challenging global economic conditions. Of this amount, foreign investments (FI) contributed RM60.4 billion, or 67.3 per cent, while domestic investments (DI) accounted for RM29.4 billion, or 32.7 per cent. Tengku Zafrul said the investment figures for the first quarter of 2025 were unexpected but a highly positive development. "Typically, investment performance in the first quarter is somewhat slow, as most investment decisions are made towards the end of the year. But this time, the figures are very encouraging," he said. "Nearly 70 per cent of the total investments were foreign direct investments (FDI), with the services sector, particularly the digital economy, emerging as the primary contributor," he explained. He added that the country's gross domestic product (GDP) growth forecast for 2025 remains on track. "We continue to see investment performance aligning with the country's GDP growth," he said.
The Sun
3 days ago
- Business
- The Sun
Malaysia records RM89.8 billion approved investments in first quarter
KUALA LUMPUR: Malaysia has secured RM89.8 billion in approved investments in the first quarter of 2025 (Q1'25), a steady 3.7% year-on-year increase despite a challenging global economic backdrop. In a statement today, the Malaysian Investment Development Authority (Mida) said these investments, spread across 1,556 projects in manufacturing, services and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians. 'The results reflect continued investor confidence in the country's clear policies and long-term fundamentals, bucking the trend of cautious international capital flows due to geopolitical and macroeconomic volatility, and the intensifying global competition for fresh investments. 'Foreign investments dominated the investment landscape, contributing RM60.4 billion or 67.3% of total investments, while domestic investments accounted for RM29.4 billion or 32.7%,' it said. Besides job creation, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said, the increase in the Managerial, Technical, and Supervisory Index to 46.3% from 44.2% in the same quarter last year reflects the country's success in creating higher-skilled, better-paying jobs. 'With a better integrated Asean economy, which we are working hard on as Asean chair, we are also paving the way for Malaysia's continued positioning as a manufacturing and services hub to this fast-growing 680-million strong region,' he said. He said the investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds from the US-China trade war. 'Nonetheless, although major markets' protectionist policies and supply chain frictions continue to weigh in on companies' investment decisions, Malaysia's clear policies should be able to attract more investments from Asia's growing economy, which is expected to expand to about 42% of global gross domestic product by 2040,' he said. Besides bringing in good jobs and business opportunities, Mida CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the projects secured by Mida in Q1'25 supported the national effort to build a more diversified and resilient economy. 'To remain a choice location for high-performing companies, we will strengthen our local ecosystem as enablers and prepare our workforce to seize new job and leadership opportunities. 'By ensuring Malaysia remains relevant in global value chains, we can attract and anchor investments that benefit our economy, enterprises and people for the long haul,' he said. As of June 10, 2025, Mida is actively managing a robust pipeline of proposed projects, collectively valued at RM48.5 billion. 'The services sector leads this momentum, with 683 projects accounting for RM27.6 billion, while the manufacturing sector contributes RM20.9 billion across 89 projects. 'Complementing this pipeline, an additional RM59.3 billion in high-potential investment leads are currently under negotiation. These figures signal not only a healthy appetite for investment but also a growing confidence in Malaysia's economic fundamentals and policy direction,' it said. – Bernama
BusinessToday
3 days ago
- Business
- BusinessToday
Q1 Investments Climb To RM89.8 Billion, Driven By Foreign Inflows
Foreign investments led the way in Malaysia's approved investments for the first quarter of 2025, totalling RM60.4 billion out of RM89.8 billion recorded during the period, according to the Malaysian Investment Development Authority (MIDA). The overall investment figure represented a 3.7% increase compared to the same quarter last year, MIDA said in a statement on Wednesday. Domestic investments made up RM29.4 billion of the total. The data reflects continued investor interest in Malaysia's industrial and services sectors amid global economic shifts. As at press time, the exchange rate stood at US$1 to RM4.2370. Reuters Related
Business Times
3 days ago
- Business
- Business Times
Malaysia's April industrial production up 2.7% y/y, below forecast
[KUALA LUMPUR] Malaysia's industrial production rose 2.7 per cent in April from a year earlier, below expectations, government data showed on Wednesday. April's factory output had been forecast to expand 3.9 per cent, according to a Reuters poll of economists. Approved investments in Malaysia rose by 3.7 per cent in the first quarter from a year earlier to RM89.8 billion(S$27.2 billion), the Malaysian Investment Development Authority said on Wednesday. Foreign investments were RM60.4 billion, or two-thirds of the total, and domestic investments accounted for RM29.4 billion, the authority said in a statement. REUTERS
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
MIDA: Malaysia secures RM89.8b approved investments in 1Q25, up 3.7% YoY
MALAYSIA has secured RM89.8 billion in approved investments for the first quarter of 2025 (1Q 2025), a steady 3.7 per cent year-on-year increase despite a challenging global economic backdrop. In a statement today, the Malaysian Investment Development Authority (MIDA) said these investments, spread across 1,556 projects in manufacturing, services, and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians. 'The results reflect continued investor confidence in the country's clear policies and long-term fundamentals, bucking the trend of cautious international capital flows due to geopolitical and macroeconomic volatility, and the intensifying global competition for fresh investments. 'Foreign investments (FIs) dominated the investment landscape, contributing RM60.4 billion or 67.3 per cent of total investments, while domestic investments (DIs) accounted for RM29.4 billion or 32.7 per cent,' it said. Besides job creation, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said the increase in the Managerial, Technical, and Supervisory (MTS) index to 46.3 per cent from 44.2 per cent in the same quarter last year reflects the country's success in creating higher-skilled, better-paying jobs. 'With a better integrated ASEAN economy, which we are working hard on as ASEAN chair, we are also paving the way for Malaysia's continued positioning as a manufacturing and services hub to this fast-growing 680-million strong region,' he said. He said the investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds from the US-China trade war. 'Nonetheless, although major markets' protectionist policies and supply chain frictions continue to weigh in on companies' investment decisions, Malaysia's clear policies should be able to attract more investments from Asia's growing economy, which is expected to expand to about 42 per cent of global gross domestic product by 2040,' he said. Besides bringing in good jobs and business opportunities, MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the projects secured by MIDA for 1Q 2025 supported the national effort to build a more diversified and resilient economy. 'To remain a choice location for high-performing companies, we will strengthen our local ecosystem as enablers and prepare our workforce to seize new job and leadership opportunities. 'By ensuring Malaysia remains relevant in global value chains, we can attract and anchor investments that benefit our economy, enterprises and people for the long haul,' he said. As of June 10, 2025, MIDA is actively managing a robust pipeline of proposed projects, collectively valued at RM48.5 billion. 'The services sector leads this momentum, with 683 projects accounting for RM27.6 billion, while the manufacturing sector contributes RM20.9 billion across 89 projects. 'Complementing this pipeline, an additional RM59.3 billion in high-potential investment leads are currently under negotiation. These figures signal not only a healthy appetite for investment but also a growing confidence in Malaysia's economic fundamentals and policy direction,' it said. — BERNAMA
