September 29, 2023

We are creating some awesome events for you. Kindly bear with us.

Digitalisation Helps Malaysia Remain a Top Global Investment Destination

Malaysia remains a top investment destination among global investors and a hub for business expansion. Investors continue to invest in Malaysia as the nation’s new leadership deepens its focus on strengthening the country’s economic growth and retaining Malaysia’s reputation as a stable investment destination.

Malaysia continues to thrive as one of the most technologically equipped economies in Asia. Through digitalisation, the country has become a hotbed of investment for both domestic and international players. Digital transformation is crucial for businesses of all sizes and industries. Many businesses are now going digital and equipping themselves for fast expansion. New services have been invented through the invention of the Internet of Things (IoT), artificial intelligence (AI) and cloud computing.

Malaysia attracted a total of RM193.7 billion (US$41.7 billion) worth of approved investments in the services, manufacturing and primary sectors involving 2,786 projects from January to September 2022 and is expected to create 98,414 job opportunities in the country. This is a 2.5% cent increase as compared to the RM188.9 billion (US$45.1 billion) investments approved in the same period last year.

During this period, the services sector assumed a significant role towards driving the country’s economic recovery, accounting for 58.5% of total approved investments with RM113.3 billion (US$24.4 billion). The manufacturing sector follows this at RM64.9 billion (US$14 billion) or 33.5% and the primary sector at RM15.5 billion (US$3.3 billion) or 8%.

The services sector accounted for the largest share of the total approved investments, amounting to RM113.3 billion (US$24.4 billion) from 2,167 projects which contributed to the growth of the country’s economy. This is a significant increase as compared to the RM70.4 billion (US$16.8 billion) investments approved for the services sector in the same period last year. A total of 39,772 new jobs are expected to be created in the services sector.

The information and communications sub-sector dominated the services sector, with approved investments valued at RM69.2 billion (US$14.9 billion) or 61.1%. From the total approved investments of this sub-sector, five (5) Information and Communication Technology (ICT) services which include data centre and cloud computing services were approved with investments totalling RM60.7 billion (US$13.1 billion) or 87.7%.

Malaysia continues to attract high-quality investments in the manufacturing sector from January to September 2022, reflecting the country’s competitiveness as a preferred location for investment in the region. The manufacturing sector accounted for RM64.9 billion (US$14 billion) (33.5%) from the total approved investments in various economic sectors, as compared to RM103.9 billion (US$24.8 billion) for the same period in 2021.

A total of 58,141 potential job opportunities are expected to be created in the manufacturing sector, where it will require 2,631 (4.5%) managerial positions, 6,277 (10.8%) professional/technical and supervisory roles, reflecting the higher value chain transition of the manufacturing sector. The approved manufacturing projects will also require 12,040 (20.7%) skilled employees.

The primary sector recorded a total of RM15.5 billion (US$3.3 billion) approved investments (8%) of the total approved investments in the various economic sectors from January to September 2022. FDI dominated the primary sector with investments valued at RM11.5 billion (US$2.5 billion) (74.2%), while the remaining RM4 billion (US$0.9 billion) (25.8%) is contributed from domestic sources.

Malaysia’s economy has grown rapidly. Due to ongoing reforms and recent digitalisation efforts, the country is experiencing its strongest recovery since the two-year pandemic that shut down the global economy. In collaboration with MITI, MIDA is actively working to attract investments in targeted industries from all over the globe to upgrade Malaysia’s industrial ecosystem and trade landscape. These initiatives include giving necessary business facilitation and value network to foreign, local, and start-up companies to ensure they can optimise operations in this dynamic market. The Government is eager to help businesses succeed and make Malaysia the ideal place for them to reach their full potential.

The Government remains resilient to discover new growth areas and empower businesses and local communities while upholding the principles of integrity, good governance, and the rule of law, in addition to promoting inclusivity and sustainable development through principles of SDGs and the New Investment Policy (NIP), under the umbrella of the National Investment Aspirations (NIA).

Recommended Stories


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend