Net assets from international investment position rises to RM76.3bil

Net assets from international investment position rises to RM76.3bil

Most new investments come from Singapore, followed by the US.

Manufacturing sector remains the largest recipient of foreign direct investments with RM374.3 billion received in the third quarter. (Bernama pic)
KUALA LUMPUR:
Malaysia’s international investment position (IIP) recorded net assets of RM76.3 billion at the end of the third quarter of 2022 (Q3 2022) up from RM62 billion in the second quarter, according to the Department of Statistics Malaysia (DoSM).

The department said total financial assets and liabilities increased to RM2.25 trillion and RM2.18 trillion respectively compared with RM2.16 trillion and RM2.10 trillion in the second quarter.

Meanwhile, the foreign direct investment (FDI) position in Malaysia increased by RM24.6 billion to record RM860.8 billion at the end of Q3 2022 compared with RM836.2 billion in Q2.

“The manufacturing sector remained the largest recipient with a value of RM374.3 billion or 43.5%, followed by financial activities (RM198.6 billion) and wholesale and retail trade (RM53.7 billion),” DoSM said.

The source for the FDI position was largely from Singapore (20.6%), the US (11.5%) and Hong Kong (10.7%).

Malaysia’s direct investment abroad (DIA) position increased to RM601.9 billion compared to RM577.4 billion at the end of the last quarter.

This investment was mainly in financial activities which contributed 42.7% (RM256.9 billion), followed by the mining and quarrying (RM78.2 billion) and manufacturing (RM58.0 billion) sectors.

“The top three destinations were Singapore with RM122.5 billion or 20.3%, followed by Indonesia (RM63.5 billion, 10.6%) and the Cayman Islands (RM35.8 billion, 5.9%),” the department added.

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