Malaysia’s FDI rises to $160bn in Q2

18 August, 2019 12:00 AM printer

KUALA LUMPUR: Foreign Direct Investment (FDI) position in Malaysia increased to 667.5 billion ringgit (about 160 billion U.S. dollars), from 662.7 billion ringgit in the preceding quarter, official data showed Friday.

The Malaysian Statistics Department said in a statement that Singapore remained as the top investor source, but China's Hong Kong Special Administrative Region overtook Japan as the second largest contributor, reports Xinhua.

The FDI position was largely driven by manufacturing sector which accounted for 39.8 percent.