Malaysia Approves MYR22.6 Billion Manufacturing Investments In 1Q
By Benjamin Low, Dow Jones
June 05, 2008
KUALA LUMPUR -(Dow Jones)- Malaysia approved MYR22.6 billion ($6.94 billion) of investments in 192 manufacturing projects in the first quarter, the Ministry of International Trade and Industry said Friday.
In its quarterly report, the ministry said foreign investors accounted for MYR15.9 billion, or 70%, of total investments, with domestic sources making up the rest.
It said MYR15.8 billion of total investments were in new projects while the remaining MYR6.8 billion were for expansion or diversification.
The ministry didn't provide comparative numbers for the first quarter of 2007, but said it approved 949 projects worth MYR59.9 billion for all of last year.
It said the basic metal products industry received the largest amount of investments, accounting for MYR16.6 billion, or 74%, of the total investments in the first quarter.
- Dow Jones Newswires
By Benjamin Low, Dow Jones
June 05, 2008
KUALA LUMPUR -(Dow Jones)- Malaysia approved MYR22.6 billion ($6.94 billion) of investments in 192 manufacturing projects in the first quarter, the Ministry of International Trade and Industry said Friday.
In its quarterly report, the ministry said foreign investors accounted for MYR15.9 billion, or 70%, of total investments, with domestic sources making up the rest.
It said MYR15.8 billion of total investments were in new projects while the remaining MYR6.8 billion were for expansion or diversification.
The ministry didn't provide comparative numbers for the first quarter of 2007, but said it approved 949 projects worth MYR59.9 billion for all of last year.
It said the basic metal products industry received the largest amount of investments, accounting for MYR16.6 billion, or 74%, of the total investments in the first quarter.
- Dow Jones Newswires
