KUALA LUMPUR, Feb. 16 (Xinhua) -- Malaysia's foreign direct investment (FDI) increased to 926.3 billion ringgit (194 billion U.S. dollars) at the end of the fourth quarter of 2023 as compared to 914.9 billion ringgit in the third quarter of 2023, official data showed Friday.
The Department of Statistics Malaysia said in a statement that the services sector remained the largest recipient with 50.6 percent, followed by manufacturing (42.2 percent) and mining and quarrying (4.5 percent).
The top three sources for FDI position were Singapore (22.4 percent), China's Hong Kong Special Administrative Region (12.2 percent) and the United States (10.5 percent).
Meanwhile, Malaysia's direct investment abroad (DIA) position increased to 662.8 billion ringgit in the fourth quarter of 2023 as compared to 659.6 billion ringgit in the previous quarter.
The services sector was the main contributor to DIA position, followed by mining and quarrying and manufacturing.
The top three destinations were Singapore, followed by Indonesia and the Netherlands. (1 ringgit equals 0.21 U.S. dollars) ■
