KUALA LUMPUR: Malaysia recorded a total of RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, said Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
He said these investments are expected to create 114,673 jobs in various sectors of the economy once implemented.
"In contrast, a total of 5,287 projects with investments of RM211.4 billion were approved in 2019.
"This decline was weighed by the services and primary sectors which were directly impacted by declines in global demands due to the pandemic and the Movement Control Order (MCO) implementation," he said in a statement Tuesday.
According to a statement released by the Malaysian Investment Development Authority (MIDA), domestic direct investments (DDI) accounted for 60.9 per cent (RM99.8 billion) of the total approved investments in 2020, while foreign direct investments (FDI) made up the remaining RM64.2 billion (39.1 per cent).
The manufacturing sector led the way for total investments approved in 2020, up 10.3 per cent from 2019 to RM91.3 billion in 2020, followed by the services sector (RM66.7 billion), and the primary sector (RM6.0 billion), it said.
MIDA said China (RM18.1 billion), Singapore (RM10.0 billion) and the Netherlands (RM7.0 billion) were the top three FDI sources from overall economic sectors in Malaysia, accounting for more than half (54.8 per cent) of the total approved FDI for the year.
It said Selangor (RM38.7 billion) recorded the highest investments approved last year, followed by Sabah (RM21.0 billion), Sarawak (RM19.6 billion), Kuala Lumpur (RM17.1 billion), and Penang (RM16.0 billion).
"These five states alone contributed more than 60 per cent of the total approved investments for 2020," it said.
On the manufacturing sector, MIDA said the sector saw the number of manufacturing projects approved increased by 6.2 per cent to 1,049 projects in 2020 from 988 projects in 2019.
"When implemented, these approved manufacturing projects will create new jobs for more than 80,000 people.
"Of these, 35.8 per cent are in the managerial, technical and supervisory (MTS) positions, including engineers, plant maintenance supervisors, tools and die makers, machinists, IT (information technology) personnel, quality controllers, electricians, and welders," it said.
MIDA said the FDI accounted for 62 per cent (RM56.6 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 38 per cent (RM34.7 billion).
"It is important to note that despite the challenging times, the DDI surged by 22.6 per cent, while the FDI increased by 3.9 per cent compared to 2019," it said, adding that China was the top investor in the manufacturing sector in Malaysia, contributing RM17.8 billion of the total foreign investments approved in the sector.
"China was also the largest source of foreign investments in the manufacturing sector for five consecutive years," it said.
MIDA said other major sources of the FDI include Singapore (RM8.8 billion), the Netherlands (RM6.5 billion), the United States (RM3.7 billion), Hong Kong (RM2.9 billion), Switzerland (RM2.8 billion), Thailand (RM1.9 billion), Japan (RM1.7 billion), and South Korea (RM1.4 billion).
Selangor (RM18.4 billion) was the largest recipient of investments in the manufacturing sector for 2020, followed by Sarawak (RM15.7 billion), Penang (RM14.1 billion), Sabah (RM12.0 billion), and Johor (RM6.8 billion).
These five states constituted 73.4 per cent of total approved investments in the sector last year, it said.
Commenting on the achievement, Mohamed Azmin said new project investments, accounting for 66.9 per cent of the total manufacturing projects approved, were secured in 2020 amid the challenges posed by the COVID-19 pandemic.
"This is a testament to the Ministry of International Trade and Industry (MITI) and MIDA's efforts to ensure business continuity and investors' friendly policies are in place to enable investors to have the confidence to establish new operations in the country," he said.
The minister said his team had also tenaciously worked to ensure projects approved were implemented smoothly.
"This can be seen through the commendable rate of implementation in approved projects. For the period 2016-2020, a total of 4,178 projects were approved, of which 70.0 per cent with investments worth RM197.2 billion have been implemented in the country," he added.
-- BERNAMA
Bernama
Tue Mar 02 2021
Azmin Ali said a total of 5,287 projects with investments of RM211.4 billion were approved in 2019. Filepic/BERNAMA
Proses libat urus Belanjawan 2025 berjalan lancar - Fahmi
Proses libat urus Kementerian Kewangan dengan pihak pemegang taruh bagi tujuan penyiapan dokumen Belanjawan 2025 berjalan lancar.
Projek LCS: Mahkamah arah bekas Pengarah Urusan BNS dirujuk pakar psikiatri
Mahkamah Sesyen mengarahkan bekas Pengarah Urusan BNS Tan Sri Ahmad Ramli Mohd Nor, dirujuk ke bahagian psikiatri di Hospital Kuala Lumpur.
Amaran gempa bumi di Jepun selama seminggu berakhir selepas tiada perkembangan baharu
Nasihat gempa bumi Palung Nankai mendorong kerajaan pusat dan komuniti tempatan untuk memperhebatkan persiapan bencana sejak minggu lepas.
Jenazah ibu Menteri Besar Kedah selamat dikebumikan
Jenazah Allahyarham Meriam Ahmad, 74, ibu Menteri Besar Kedah, selamat dikebumikan di Tanah Perkuburan Islam Sungai Pau jam 5.45 petang Khamis.
Pengarah SRC adalah profesional, bukan boneka yang diupah oleh Najib - Ismee
Mahkamah Tinggi diberitahu bahawa Ahli Lembaga Pengarah SRC International adalah sekumpulan profesional dan bukannya 'boneka' Najib.
Mesir tekankan keperluan gencatan senjata segera di Gaza
Pendekatan itu adalah satu-satunya cara menghentikan peningkatan ketegangan serantau dan membendung percubaan untuk meluaskan konflik.
Berita Terkini Kita: Hero Kita: Kisah wira negara yang tidak didendang
Irfan Faruqi menjelajah Johor membawakan kisah-kisah wira tidak didendang yang memainkan peranan penting dalam pembangunan negara bersempena bukan kemerdekaan.
Niaga AWANI: Potongan 50 peratus bagi pendaftaran domain .my dan .com.my
MYNIC Berhad, agensi di bawah Kementerian Digital menyemarakkan sambutan Bulan Kebangsaan dengan memberi potongan harga hingga 50 peratus bagi pendaftaran domain .MY dan .COM.MY yang baharu.
Niaga AWANI: K'jaan Persekutuan, Negeri perlu tingkat kepantasan beri kelulusan untuk tarik pelabur – PM
Kerajaan Persekutuan, negeri dan pihak berkuasa tempatan perlu meningkatkan kepantasan dalam memberi kelulusan tanpa berkompromi dengan peraturan yang dikuat kuasa bagi menjadikan Malaysia tumpuan pelabur di rantau ini, kata Perdana Menteri Datuk Seri Anwar Ibrahim.
Niaga AWANI: KDNK Jepun meningkat 3.1 peratus tahun ke tahun pada suku kedua
Keluaran Dalam Negara Kasar (KDNK) Jepun mencatatkan pertumbuhan 3.1 peratus tahun ke tahun pada suku tahun kedua tahun ini, menurut data awal yang dikeluarkan kerajaan Jepun, lapor Sputnik.
Azmin setuju debat dengan Rafizi dengan syarat
Rafizi terlebih dahulu perlu membuktikan telah berjaya dalam pelaksanaan dan pemulihan ekonomi negara.
Azmin beri bayangan tidak bertanding PRN
Mohamed Azmin secara peribadi berkata sudah tiba masa untuknya memberikan laluan kepada tokoh muda dalam Perikatan Nasional (PN).
'Kerusi panas' PRU15: Kempen 'membara' iringi pertembungan nama besar di Gombak
Bagaimana setiap calon melaksanakan tanggungjawab dan hala tuju serta pengisian kempen bakal menentukan pemenangnya.
PRU15: Azmin yakin mampu pertahan Gombak
Ia susulan penerimaan penduduk Gombak terhadapnya selain hakikat dirinya sendiri adalah penduduk jati kawasan Parlimen itu.
Masa paling sesuai adakan PRU15 adalah sekurang-kurangnya enam bulan lagi - Azmin
Masa yang paling sesuai untuk mengadakan Pilihan Raya Umum ke-15 adalah sekurang-kurangnya dalam tempoh enam bulan lagi, ujar Datuk Seri Mohamed Azmin Ali.
Mohamed Azmin ucap takziah kepada keluarga Mustapha Kamal
Datuk Seri Mohamed Azmin Ali mengucapkan takziah kepada keluarga tokoh korporat dan pengasas Emkay Group, Allahyarham Tan Sri Mustapha Kamal Abu Bakar yang meninggal dunia pagi Isnin.
PKR tidak akan kerjasama dengan Azmin
PKR tidak akan berbincang atau bekerjasama dengan Datuk Seri Mohamed Azmin Ali. Itu ketetapan yang dibuat Majlis Pimpinan Pusat (MPP) PKR selepas mesyuarat yang diadakan pada Isnin
Azmin, Rashid akan tinggalkan Bersatu? Ini penjelasan Muhyiddin...
Muhyiddin menjelaskan dakwaan tersebut adalah tidak benar dan beliau sering berbincang dengan Azmin mengenai masa depan Bersatu.
Menteri ekonomi ASEAN rangka rancangan kerja serantau
Sesi pemukiman tersebut akan turut meneruskan perbincangan dalam menetapkan keutamaan bagi mempercepatkan pemulihan ekonomi serantau.
Malaysia muncul negara paling menarik di rantau Asia Tenggara untuk pelaburan asing
Ini didorong oleh kejayaan negara menarik lebih RM220 bilion pelaburan yang diluluskan pada 2021.