Malaysia records highest investment last year

Malaysia recorded an investment of RM 38.7 billion (about 12 billion U.S. dollars) last year, the highest in the country's history, a government official said Monday. International Trade and Industry (Miti) Minister Mustapa Mohamed told reporters that the amount is inclusive of both foreign and local investments. "We are not only dependent on foreign investments, but also the contribution from domestic investors," he said. Mustapa said foreign investors were bringing in sophisticated technologies, mostly in the services and high technology sectors, while domestic investors are important in sectors such as real estate, construction and tourism. He said Malaysia is expected to sustain last year's momentum and with the strengthening domestic economy, investments are expected to improve compared to 2013.