Malaysia's foreign direct investment has jumped 141 percent in the first nine months, in a rebound analysts said Sunday was partly due a series of bold economic reforms introduced by the government. The export-dependent Southeast Asian nation saw a sharp decline in foreign direct investment (FDI) last year, which fell 81 percent to 1.4 billion dollars in 2009 from 7.3 billion in 2008.
The trade ministry said in a statement late Saturday that the FDI rose to 17.1 billion ringgit (5.5 billion dollars) for the first nine months of this year, compared to 7.1 billion ringgit during the same period last year.
"It is a combination of both factors - the resumption in the global FDI growth and the concerted efforts by the government to improve the investment climate," said Yeah Kim Leng, chief economist from ratings agency RAM Holdings. "We are benefiting from the strong efforts put in by the government to lure foreign investors," he told AFP.
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