Malaysia receives record FDI of RM39bil

International Trade and Industry Minister Datuk Seri Mustapa Mohamed (left) with SAM Aviatron (M) Sdn Bhd Chairman Philip Yeo (right) talking to reporters after launching SAM Aviatron plant at Penang Science Park in Bukit Minyak, Penang yesterday. Starpic Mustafa Ahmad (13/02/2014).

GEORGE TOWN: Malaysia recorded its highest ever foreign direct investment (FDI) of RM38.7bil last year, a 24% increase over 2012 and 3.9% higher than the last record of RM37.3bil achieved in 2011.

International Trade and Industry (MITI) minister Datuk Seri Mustapa Mohamed, citing United Nations Conference on Trade and Development data, said the increase compared favourably with increase in global FDI of 11%, 6.2% into developing countries, and 2.4% in South-East Asia.