Latest news with #RM88.4
Barnama
25-06-2025
- Business
- Barnama
Malaysia Records FDI Inflow Of RM51.5 Bln In 2024 -- DOSM
Credit: Department of Statistics Malaysia (DOSM) Malaysia Records FDI Inflow Of RM51.5 Bln In 2024 -- DOSM KUALA LUMPUR, June 25 (Bernama) -- Malaysia recorded a net inflow of foreign direct investment (FDI) totalling RM51.5 billion in 2024, up from RM38.6 billion in the preceding year, according to Department of Statistics Malaysia (DOSM). In a statement, the department noted that total income earned by foreign companies in Malaysia rose to RM99.8 billion compared to RM88.4 billion in 2023. This increase was mainly driven by income from equity and investment fund shares which amounted to RM95.9 billion, and interest income of RM3.9 billion. "As of the end of 2024, the country's cumulative FDI position stood at RM995.5 billion, up from RM924.0 billion in previous year," it said. Meanwhile, DOSM said FDI flows in the form of equity and investment fund shares recorded a net inflow of RM28.0 billion, contributing to an accumulated position of RM832.9 billion. Debt instruments registered a net inflow of RM23.5 billion with the position valued at RM162.6 billion. By sectors, it said the services sector contributed the highest FDI inflows at RM39.4 billion, with a total position of RM524.8 billion. This was followed by the manufacturing sector which generated the highest FDI income valued at RM54.6 billion, followed by services sector. In 2024, the largest FDI inflows geographically originated from the Asian region, totalling RM50.3 billion, with Singapore and Hong Kong as the primary sources. Investors from this region also recorded the highest income, amounting to RM46.5 billion. -- BERNAMA
New Straits Times
25-06-2025
- Business
- New Straits Times
Malaysia records FDI inflow of RM51.5bil in 2024: DOSM
KUALA LUMPUR: Malaysia recorded a net inflow of foreign direct investment (FDI) totalling RM51.5 billion in 2024, up from RM38.6 billion in the preceding year, according to Department of Statistics Malaysia (DOSM). In a statement, the department noted that total income earned by foreign companies in Malaysia rose to RM99.8 billion compared to RM88.4 billion in 2023. This increase was mainly driven by income from equity and investment fund shares which amounted to RM95.9 billion, and interest income of RM3.9 billion. "As of the end of 2024, the country's cumulative FDI position stood at RM995.5 billion, up from RM924.0 billion in previous year," it said. Meanwhile, DOSM said FDI flows in the form of equity and investment fund shares recorded a net inflow of RM28.0 billion, contributing to an accumulated position of RM832.9 billion. Debt instruments registered a net inflow of RM23.5 billion with the position valued at RM162.6 billion. By sectors, it said the services sector contributed the highest FDI inflows at RM39.4 billion, with a total position of RM524.8 billion. This was followed by the manufacturing sector which generated the highest FDI income valued at RM54.6 billion, followed by services sector. In 2024, the largest FDI inflows geographically originated from the Asian region, totalling RM50.3 billion, with Singapore and Hong Kong as the primary sources. Investors from this region also recorded the highest income, amounting to RM46.5 billion.
The Star
25-06-2025
- Business
- The Star
Malaysia records FDI inflow of RM51.5bil in 2024
KUALA LUMPUR: Malaysia recorded a net inflow of foreign direct investment (FDI) totalling RM51.5 billion in 2024, up from RM38.6 billion in the preceding year, according to Department of Statistics Malaysia (DOSM). In a statement, the department noted that total income earned by foreign companies in Malaysia rose to RM99.8 billion compared to RM88.4 billion in 2023. This increase was mainly driven by income from equity and investment fund shares which amounted to RM95.9 billion, and interest income of RM3.9 billion. "As of the end of 2024, the country's cumulative FDI position stood at RM995.5 billion, up from RM924.0 billion in previous year," it said. Meanwhile, DOSM said FDI flows in the form of equity and investment fund shares recorded a net inflow of RM28.0 billion, contributing to an accumulated position of RM832.9 billion. Debt instruments registered a net inflow of RM23.5 billion with the position valued at RM162.6 billion. By sectors, it said the services sector contributed the highest FDI inflows at RM39.4 billion, with a total position of RM524.8 billion. This was followed by the manufacturing sector which generated the highest FDI income valued at RM54.6 billion, followed by services sector. In 2024, the largest FDI inflows geographically originated from the Asian region, totalling RM50.3 billion, with Singapore and Hong Kong as the primary sources. Investors from this region also recorded the highest income, amounting to RM46.5 billion. - Bernama
The Sun
25-06-2025
- Business
- The Sun
Malaysia's FDI hits RM51.5b in 2024, up from RM38.6b
KUALA LUMPUR: Malaysia recorded a net inflow of foreign direct investment (FDI) totalling RM51.5 billion in 2024, up from RM38.6 billion in the preceding year, according to Department of Statistics Malaysia (DOSM). In a statement, the department noted that total income earned by foreign companies in Malaysia rose to RM99.8 billion compared to RM88.4 billion in 2023. This increase was mainly driven by income from equity and investment fund shares which amounted to RM95.9 billion, and interest income of RM3.9 billion. 'As of the end of 2024, the country's cumulative FDI position stood at RM995.5 billion, up from RM924.0 billion in previous year,' it said. Meanwhile, DOSM said FDI flows in the form of equity and investment fund shares recorded a net inflow of RM28.0 billion, contributing to an accumulated position of RM832.9 billion. Debt instruments registered a net inflow of RM23.5 billion with the position valued at RM162.6 billion. By sectors, it said the services sector contributed the highest FDI inflows at RM39.4 billion, with a total position of RM524.8 billion. This was followed by the manufacturing sector which generated the highest FDI income valued at RM54.6 billion, followed by services sector. In 2024, the largest FDI inflows geographically originated from the Asian region, totalling RM50.3 billion, with Singapore and Hong Kong as the primary sources. Investors from this region also recorded the highest income, amounting to RM46.5 billion.
The Sun
09-06-2025
- Business
- The Sun
LBS Bina secures RM88.4m green financing for solar farm project
PETALING JAYA: Property developer LBS Bina Group Bhd's special purpose vehicle, Suria Hijauan Sdn Bhd, has secured a RM88.4 million green financing facility from Alliance Bank Malaysia Bhd to fund the engineering, procurement, construction and commissioning (EPCC) costs for its maiden 43 MWp solar farm project. The project, which is under the Corporate Green Power Programme, is located in Senawang, Negeri Sembilan, and is scheduled for completion by the end of this year. The solar farm is expected to deliver stable, recurring revenue, thus enhancing long-term earnings resilience and underscoring LBS's commitment to sustainable growth. The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions. Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, was appointed as the EPCC contractor under a RM104 million contract, leveraging its expertise in delivering large-scale solar projects. LBS group executive chairman Tan Sri Lim Hock San said, 'This green financing marks an important milestone for LBS as we diversify into renewable energy, reinforcing our commitment to sustainability. 'Securing this credit facility from a reputable bank like Alliance Bank highlights the strong potential of our renewable energy venture and our capacity to expand our initiatives within this sector. This support reflects confidence in our strategic direction and financial strength, while also facilitating the successful execution of this project.' He added that this initiative not only resonates with their goal of creating a positive environmental impact, it also strategically complements their core property development business by integrating future product offerings with renewable energy solutions. Alliance Bank Group CEO Kellee Kam said they believe financial institutions have a critical role to play in advancing sustainable development and are honoured to partner with LBS, a company whose values and vision closely align with their own. He added, 'Today's announcement is not just the launch of a project – it marks the beginning of a journey and a cause we are proud to be part of.'
