Sat, 12 Mar 2005
From: AFP

Foreign investment in M'sia slows in 2004

KUALA LUMPUR: Foreign investment in Malaysia's manufacturing sector slowed in 2004 but domestic investment took up the slack, hitting its highest level in six years, trade minister Rafidah Aziz said on Thursday.

Rafidah said the government approved a record 1,101 projects last year with investment of 28.7 billion ringgit (US$7.55 billion), compared to 965 projects worth 29.1 billion ringgit approved in 2003.

Approved foreign investment, however, fell 16 percent to 13.1 billion ringgit in 583 projects as domestic investment jumped 16 percent to its highest level since 1997 at 15.6 billion ringgit or 54 percent of the total, she said.

The 2004 figure exceeded the government's target of 25 billion ringgit under its 10-year industrial plan to 2005. Total investment approved during the 1996-2004 period now amounts to 239.10 billion ringgit, officials said.

Despite intense competition from China for foreign investment, Rafidah said Malaysia remained attractive to companies in high value-added production.

"We don't view China as a threat but as a competitor and a partner," she said.

She said the ringgit peg, fixed at 3.80 to the dollar since 1998, was not a deterrence to foreign investment as it provided manufacturers with predicability in costing. -- AFP





News Search/Filter
Transaction Rates
16 Aug 18
Buy
Sell
AED1
3,904.98
3,904.98
AFN1
196.77
196.77
ALL1
129.39
129.39
AMD1
29.73
29.73
ANG1
7,772.77
7,772.77
AOA1
53.35
53.35
ARS1
482.14
482.14
AUD1
10,375.77
10,375.77
AWG1
7,995.37
7,995.37
AZN1
8,425.09
8,425.09
BAM1
8,299.56
8,299.56
BBD1
7,171.86
7,171.86
BDT1
169.71
169.71
BGN1
8,319.73
8,319.73
BHD1
38,038.03
38,038.03
BIF1
8.10
8.10
BMD1
14,343.72
14,343.72
BND1
9,493.49
9,493.49
BOB1
2,075.83
2,075.83
BRL1
3,675.14
3,675.14
BSD1
14,343.72
14,343.72
BTC1
91,583,896
91,583,896
BTN1
205.12
205.12
BWP1
1,324.36
1,324.36
BYN1
6,969.22
6,969.22
BZD1
7,134.69
7,134.69
CAD1
10,909.89
10,909.89
CDF1
8.81
8.81
CHF1
14,437.67
14,437.67
CLF1
613,504.02
613,504.02
CLP1
21.48
21.48
CNH1
2,065.99
2,065.99
CNY1
2,068.08
2,068.08
COP1
4.76
4.76
CRC1
25.27
25.27
CUC1
14,343.72
14,343.72
CUP1
562.49
562.49
CVE1
147.19
147.19
CZK1
631.41
631.41
DJF1
80.56
80.56
DKK1
2,182.21
2,182.21
DOP1
287.50
287.50
DZD1
120.29
120.29
EGP1
801.50
801.50
ERN1
956.45
956.45
ETB1
519.14
519.14
EUR1
16,267.66
16,267.66
FJD1
6,765.74
6,765.74
FKP1
18,206.39
18,206.39
GBP1
18,206.39
18,206.39
GEL1
5,780.22
5,780.22
GGP1
18,206.39
18,206.39
GHS1
2,943.81
2,943.81
GIP1
18,206.39
18,206.39
GMD1
297.89
297.89
GNF1
1.58
1.58
GTQ1
1,913.77
1,913.77
GYD1
68.67
68.67
HKD1
1,827.29
1,827.29
HNL1
596.66
596.66
HRK1
2,190.41
2,190.41
HTG1
212.81
212.81
HUF1
50.12
50.12
IDR1
1.00
1.00
ILS1
3,892.81
3,892.81
IMP1
18,206.39
18,206.39
INR1
204.10
204.10
IQD1
12.03
12.03
IRR1
0.33
0.33
ISK1
131.24
131.24
JEP1
18,206.39
18,206.39
JMD1
105.56
105.56
JOD1
20,216.57
20,216.57
JPY1
129.72
129.72
KES1
142.30
142.30
KGS1
210.51
210.51
KHR1
3.52
3.52
KMF1
33.06
33.06
KPW1
15.93
15.93
KRW1
12.61
12.61
KWD1
47,280.81
47,280.81
KYD1
17,207.68
17,207.68
KZT1
39.64
39.64
LAK1
1.68
1.68
LBP1
9.49
9.49
LKR1
89.54
89.54
LRD1
93.32
93.32
LSL1
1,006.22
1,006.22
LYD1
10,276.86
10,276.86
MAD1
1,497.80
1,497.80
MDL1
864.13
864.13
MGA1
4.31
4.31
MKD1
264.18
264.18
MMK1
9.47
9.47
MNT1
5.87
5.87
MOP1
1,773.66
1,773.66
MRO1
40.12
40.12
MRU1
398.99
398.99
MUR1
412.17
412.17
MVR1
927.19
927.19
MWK1
19.72
19.72
MXN1
747.55
747.55
MYR1
3,495.48
3,495.48
MZN1
245.52
245.52
NAD1
1,005.51
1,005.51
NGN1
39.74
39.74
NIO1
447.89
447.89
NOK1
1,695.20
1,695.20
NPR1
128.20
128.20
NZD1
9,405.39
9,405.39
OMR1
37,254.49
37,254.49
PAB1
14,343.72
14,343.72
PEN1
4,323.00
4,323.00
PGK1
4,328.25
4,328.25
PHP1
267.88
267.88
PKR1
116.12
116.12
PLN1
3,764.23
3,764.23
PYG1
2.49
2.49
QAR1
3,939.43
3,939.43
RON1
3,487.43
3,487.43
RSD1
137.90
137.90
RUB1
213.05
213.05
RWF1
16.33
16.33
SAR1
3,823.97
3,823.97
SBD1
1,818.16
1,818.16
SCR1
1,055.33
1,055.33
SDG1
796.69
796.69
SEK1
1,557.02
1,557.02
SGD1
10,392.95
10,392.95
SHP1
18,206.39
18,206.39
SLL1
2.19
2.19
SOS1
24.79
24.79
SRD1
1,923.26
1,923.26
SSP1
110.11
110.11
STD1
0.68
0.68
STN1
660.54
660.54
SVC1
1,638.95
1,638.95
SYP1
27.85
27.85
SZL1
984.80
984.80
THB1
430.35
430.35
TJS1
1,522.29
1,522.29
TMT1
4,098.23
4,098.23
TND1
5,154.61
5,154.61
TOP1
6,207.95
6,207.95
TRY1
2,398.64
2,398.64
TTD1
2,127.88
2,127.88
TWD1
465.08
465.08
TZS1
6.28
6.28
UAH1
522.33
522.33
UGX1
3.83
3.83
USD1
14,343.72
14,343.72
UYU1
457.87
457.87
UZS1
1.84
1.84
VEF1
0.10
0.10
VND1
0.62
0.62
VUV1
132.20
132.20
WST1
5,541.25
5,541.25
XAF1
24.79
24.79
XAG1
211,784.47
211,784.47
XAU1
17,028,223.52
17,028,223.52
XCD1
5,307.47
5,307.47
XDR1
19,983.25
19,983.25
XOF1
24.79
24.79
XPD1
14,201,707.01
14,201,707.01
XPF1
136.32
136.32
XPT1
11,291,959.19
11,291,959.19
YER1
57.28
57.28
ZAR1
984.89
984.89
ZMW1
1,405.97
1,405.97
ZWL1
44.49
44.49
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services