Media Statement by:
Dato’ Sri Mustapa Mohamed
Minister of International Trade and Industry
Strong FDI Performance for the First Nine Months of 2011
1. Malaysia’s Foreign Direct Investment (FDI) for the first nine months of 2011 was recorded at RM26.4 billion compared with RM18.6 billion for the same period in 2010 indicating a 42 per cent growth. This is based on the latest figure released by the Department of Statistics, Malaysia (DOSM). For the record, total FDI for the whole of last year was RM29.3 billion, while in 2009, total FDI was RM5.0 billion.
2. Based on the FDI flows for the first nine months, it is likely that this year’s total FDI will exceed last year’s figure.
3. While the FDI inflows for Q1 and Q2 2011 were strong which stood at RM10.1 billion and RM11.07 billion respectively, the inflow of FDI in Q3 moderated to RM5.17 billion. This is partly due to weaker external economic conditions, especially in the Euro Zone and the US.
4. In terms of private investments, the Government is confident of achieving the targeted RM94 billion this year. Private investments for the first nine months amounted to RM75 billion as announced by the Ministry of Finance recently.
5. The good performance in FDI inflows and private investments for the first nine months of this year indicate that the various initiatives introduced by the Government to spur economic growth are showing positive results.
2. Based on the FDI flows for the first nine months, it is likely that this year’s total FDI will exceed last year’s figure.
3. While the FDI inflows for Q1 and Q2 2011 were strong which stood at RM10.1 billion and RM11.07 billion respectively, the inflow of FDI in Q3 moderated to RM5.17 billion. This is partly due to weaker external economic conditions, especially in the Euro Zone and the US.
4. In terms of private investments, the Government is confident of achieving the targeted RM94 billion this year. Private investments for the first nine months amounted to RM75 billion as announced by the Ministry of Finance recently.
5. The good performance in FDI inflows and private investments for the first nine months of this year indicate that the various initiatives introduced by the Government to spur economic growth are showing positive results.
Minister’s Office
Ministry of International Trade and Industry
Kuala Lumpur, Malaysia
28 November 2011
Ministry of International Trade and Industry
Kuala Lumpur, Malaysia
28 November 2011
No announcement for today.