CLICK TO ENLARGEPETALING JAYA: Foreign direct investment( FDI) into Malaysia is set to surge by next year with technology and green tech-based investments being the new potential growth areas for foreign inflow. The spread of the Omicron variant, meanwhile, is not expected to put a dent on FDI inflows. Malaysian Institute of Economic Research( MIER) head of research Shankaran Nambiar views digitalisation as the new driver of growth worldwide, noting that Malaysia was no exception. Malaysian Inst

KUALA LUMPUR: The Malaysian Investment Development Authority( Mida) has identified 325 foreign investment projects, including those from Fortune 500 companies in the manufacturing and services sectors, worth RM97. 4bil.In a statement yesterday, the outgoing Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the government agency is also evaluating 835 projects with proposed investments of RM76. 7bil in the manufacturing and services sectors as of June

KUCHING: Tanjung Kidurong in Bintulu is fast becoming an industrial hotspot in Sarawak, with more large investment influx expected from foreign companies in the petrochemical and medical industries. The investments in petrochemical, medical and related industries have been spurred by the state government-initiated development of the Petrochemical Hub and Sarawak Medical Innovation and Technology Hub( Smith) there. Smith is a joint project by Sarawak Economic Development Corp( SEDC), Arrow Medsou

Join our Whatsapp channel RIYADH: Saudi officials on Tuesday lamented the economic strain of regional conflicts as the country’s sovereign wealth fund told an investor forum it was cutting the proportion of its overseas investments. Despite a performance by South African opera singers and a remote appearance by Elon Musk, the mood at the glitzy Future Investment Initiative( FII), sometimes called “ Davos in the desert ”, was clouded by the crises in Gaza and Lebanon. This year’s three-day event

Join our Whatsapp channel THERE is something about private investment that successive governments in Pakistan have failed to understand. Promoting private investment is a bit like catching a bird.... You have to lay out what it seeks then wait for it to come. For the third time this year, our government has gone running to another country to ask for investment.... In May, we had headlines announcing that the UAE had agreed to invest$ 10 billion in Pakistan, during a visit by Prime Minister She

A supercharged economy, growing at 8 per cent, is fuelling India’s thirst for more oil, but domestic production has been declining.... Industry officials say there just isn’t enough on the table for state-run behemoth ONGC or private companies to make large investments in field development.... Foreign oil companies, which possess advanced drilling technologies, prefer to drill in countries such as Guyana and Brazil, which offer high prospectivity....

KARACHI: Foreign Direct Investment( FDI) fell by about 29 per cent during the financial year FY21 compared to the previous year as net portfolio investment of nearly half a billion dollars in June prevented a sharper decline.... The inflow had jumped by 63pc in May FY21 compared to the same month of previous fiscal but the low inflow in June changed the scenario as the FDI had registered an increase in April and May this year.... The State Bank reported earlier that the FDI in May rose to$ 198

KUALA LUMPUR: Foreign investment into Malaysia recorded net inflows of RM48.1 billion in 2021 compared to RM13.3 billion in the previous year, while investment abroad registered RM19.7 billion versus RM10.2 billion in 2020.As at the end of 2021, foreign direct investment( FDI) position registered a higher value of RM788.8 billion, said the Department of Statistics Malaysia( DOSM) which published the Statistics of FDI in Malaysia and Malaysia’s direct investment abroad( DIA) for 2021. Chief stati

Foreign portfolio investors( FPI) have so far made a total net investment of Rs 7, 575 crore in India so far in September, as per NSDL data. The net investment in the equities segment stood at Rs 4, 385 crore, while that in the debt segment stood at Rs 3, 220 crore, including those debt investments made through VRR. However, hybrid securities, consisting of the investments in REITs and InvITs, have witnessed a net outflow of Rs 30 crore. The total net investment last year stood at Rs 16, 556 cro

The Reserve Bank of India defines FDI as purchase of a stake that’s 10% or larger by an individual or entity based abroad. Bankers seeking to arrange LIC’s IPO are due to make presentations to the government Thursday.... A spokesperson for the finance ministry couldn’t be immediately reached for comment. BNP Paribas SA, Citigroup Inc. and Goldman Sachs Group Inc. are among seven foreign banks vying to manage the IPO.... Nine Indian firms include HDFC Bank Ltd. and Axis Capital....