Malaysia records RM329.5bil in approved investment in 2023, highest ever, says PM


PETALING JAYA: Malaysia recorded the highest approved investment in its history, totalling RM329.5bil in 2023, says Datuk Seri Anwar Ibrahim.

The investments were approved last year which was 23% higher compared to 2022, added the Prime Minister

"From the total investment, foreign investment was the main contributor with a total 57.2% compared to domestic investment amounting 42.8%.

"This excellent performance was supported by an increase of 35.1% in domestic investment as much as 15.3% for foreign investment," he said in a statement on Thursday (Feb 22).

The matter was presented during the National Investment Council's Second Meeting on Thursday.

Anwar, who is also the Finance Minister, said this was a good indicator that the pro-investments policies implemented through a whole-of-government approach have begun to bear fruit in terms of investor confidence.

More to come

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Motorcyclist dies after run over by lorry in JB
PAC to begin FashionValet proceedings by second week of December
Student dies after fall from school’s fourth floor in Negri Sembilan
Boatman nabbed for people smuggling in Semporna waters
Review of M'sian athletes' Paris Olympics showing set for Nov 14, Dewan Rakyat told
Historian Zainal Kling passes away at 80
Missing RM1mil in Ampang found, say Selangor cops
Sabah dive resort fined RM15K for using unlicensed tourist boat
No direct award in U Mobile’s appointment as second 5G network provider
Use of sockets in express buses temporarily banned by APAD

Others Also Read