Malaysia's FDI up marginally in Q1

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Malaysia's FDI up marginally in Q1

STORY: Malaysia's FDI up marginally in Q1 DATELINE: May 13, 2023 LENGTH: 00:01:26 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Various of Kuala Lumpur city views 2. Various of crowds at a shopping mall 3. Various of crowds on the street STORYLINE: Malaysia's foreign direct investment (FDI) increased by 1.6 percent, reaching a record 893.2 billion ringgit (about 200.18 billion U.S. dollars) at the end of the first quarter of 2023, as compared to the fourth quarter of 2022, official data showed Friday. The Department of Statistics Malaysia (DOSM) said in a statement the manufacturing sector remained the largest recipient of the FDI with a value of 385.3 billion ringgit (about 86.35 billion U.S. dollars) or 43.1 percent of the total FDI. This was followed by financial activities and wholesale & retail trade. According to the DOSM, the country's FDI inflows were largely from Singapore, the United States and China's Hong Kong Special Administrative Region. Xinhua News Agency correspondents reportin

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