Kuala Lumpur, June 12 -- Malaysia has secured 89.8 billion MYR (nearly 21 billion USD) in approved investments for the first quarter of this year, marking a 3.7% year-on-year increase amid a challenging global economic backdrop, according to the Malaysian Investment Development Authority (MIDA).
These investments, spread across 1,556 projects in manufacturing, services, and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians, the MIDA said.
Foreign investments (FIs) dominated the investment landscape, contributing 60.4 billion MYR or 67.3% of total investments, while domestic investments (DIs) accounted for 29.4 billion MYR or 32.7%.
Singapore emerged as the leading foreign investor with 28.3 bill...