KUALA LUMPUR, Nov 11 — Malaysia’s International Investment Position (IIP) continued to record net assets of RM76.3 billion at the end of the third quarter (Q3) of 2022 (Q2 2022: net assets RM62.0 billion), according to the Department of Statistics Malaysia (DoSM).
The department said both total financial assets and liabilities increased to RM2.25 trillion (Q2 2022: RM2.16 trillion) and RM2.18 trillion (Q2 2022: RM2.10 trillion) respectively.
Meanwhile, the foreign direct investment (FDI) position in Malaysia increased by RM24.6 billion to record RM860.8 billion at the end of Q3 2022 (Q2 2022: RM836.2 billion).
“The manufacturing sector remained the largest recipient with a value of RM374.3 billion or 43.5 per cent, followed by financial activities (RM198.6 billion) and wholesale and retail trade (RM53.7 billion),” DoSM said.
The source for the FDI position was largely from Singapore (20.6 per cent), the United States (11.5 per cent) and Hong Kong (10.7 per cent).
Malaysia’s direct investment abroad (DIA) position increased to RM601.9 billion compared to RM577.4 billion at the end of the last quarter.
This investment was mainly in financial activities which contributed 42.7 per cent (RM256.9 billion), followed by the mining and quarrying (RM78.2 billion) and manufacturing (RM58.0 billion) sectors.
“The top three destinations were Singapore with RM122.5 billion or 20.3 per cent, followed by Indonesia (RM63.5 billion, 10.6 per cent) and the Caymen Islands (RM35.8 billion, 5.9 per cent),” the department said. — Bernama