The country has recorded a 350% increase in foreign direct investments (FDI) within the first nine months this year, compared with the same period last year.
Finance Minister Lim Guan Eng, in describing the growth, said it was “very evident” in the last five months and has been encouraging for the economic growth and leadership.
“We recorded RM14bil in FDI in the first nine months of last year.
“Within the same period this year, we recorded RM49bil in FDI, which is a huge amount.
“This demonstrates the increase in confidence from investors in the new leadership of the country under Prime Minister Tun Dr Mahathir Mohamad, the world’s oldest prime minister.
“We are hoping that the resurgence of Malaysia is reflected in the increase of FDI,” said Lim, who is also Air Putih assemblyman during a press conference in Rifle Range today (Dec 1).
Lim, who thanked the investors for their confidence in investing their money, said the growth will also lead to increase in job opportunities for the people.