Malaysia approves RM255bil of investments in 9M24

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Malaysia approved RM254.7bil of investments for the first nine months of 2024 (9M24), a steady 10.7% rise from the previous year, reflecting Malaysia’s sustained economic momentum, propelled by the services, manufacturing, and primary sectors, says the Malaysian Investment Development Authority (Mida).

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Domestic investments led the way, accounting for 58.1% of the total approved investments, valued at RM148bil, while foreign investors contributed RM106.7bil, or 41.9%.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: JobCreation /Business/Business News ManufacturingSector EconomicGrowth Economy ForeignDirectInvestment DomesticResilience MalaysiaInvestments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 00:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 189 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24361041

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