Malaysia's Approved Direct Investments Down in 1st Half to MYR88.4 Billion

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By Yantoultra Ngui

KUALA LUMPUR, Malaysia--Malaysia's approved direct investments in the services, manufacturing and primary sectors fell by 29.8% to 88.4 billion ringgit ($21.4 billion) in the first half of the year from MYR125.9 billion a year earlier, officials said Thursday.

The weaker performance was connected to the approval during last year's first half of two big petrochemical projects in the manufacturing sector, according to a joint statement issued by the Ministry of International Trade and Industry and the Malaysian Investment Development Authority.

Write to Yantoultra Ngui at yantoultra.ngui@wsj.com


  (END) Dow Jones Newswires
  09-22-160528ET
  Copyright (c) 2016 Dow Jones & Company, Inc.



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