WEDNESDAY, MARCH 14 KUALA LUMPUR- Dewan Rakyat sitting at 1000 (0200 GMT)
KUALA LUMPUR: Malaysia’s position in terms of foreign direct investment and portfolio investment amounted to RM908bil for the period ended June 2017, the Dewan Rakyat was told.
The Ministry of Finance Ministry (MoF) said more than half of the investments or RM574bil comprised foreign direct investment abroad (DIA) by Malaysian companies.
Top investment destinations were Singapore, constituting 16% of the amount, Indonesia (9%), Canada (7%), Australia (5%), the UK (5%), and India (4%), it said in a written reply.
The MoF said the foreign DIA was channelled primarily to the financial services sub-sector at 35%, mining (19%) and telecommunications services (8%).
For foreign portfolio investment, it said it was worth RM334bil at the end of June 2017, of which two-thirds comprised assets held in the form of securities.
Meanwhile, the MoF said 1,043 investigation papers had been opened under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 by relevant agencies, of them, 145 cases were brought to the court from 2013 until 2016.
“For cases under the jurisdiction of Bank Negara Malaysia, 138 investigative papers had been opened and 44 cases were brought to the court from 2008 until 2016,” it said.- BERNAMA
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