Posted on 23 May 2013
Investments rose 44% on-year to RM49.3bil in the first quarter ended March 31, 2013, the Malaysian Investment Development Authority (MIDA) said.
MIDA chief executive officer Datuk Noharuddin Nordin said the services sector accounted for the largest share of these investments of RM22.3bil while the primary sector recorded RM15.3bil and manufacturing sector RM11.7bil.
"As low value-added assembly becomes less important, industry players are expected to reduce their investments into low value sectors and increase their activities in new higher value added activities," Noharuddin said at a press conference.
