KUALA LUMPUR: Malaysia’s position in terms of foreign direct investment and portfolio investment amounted to RM908bil for the period ended June 2017, the Dewan Rakyat was told. The Ministry of Finance Ministry (MoF) said more than half of the investments or RM574bil comprised foreign direct investment abroad (DIA) by Malaysian companies. The MoF said the foreign DIA was channelled primarily to the financial services sub-sector at 35 per cent, mining (19 per cent) and telecommunications services (eight per cent). For foreign portfolio investment, it said it was worth RM334bil at the end of June 2017, of which two-thirds comprised assets held in the form of securities. “For cases under the jurisdiction of Bank Negara Malaysia, 138 investigative papers had been opened and 44 cases were brought to the court from 2008 until 2016,” it said.- BERNAMA

Source: New Strait Times November 20, 2017 13:07 UTC