Malaysia recorded a total of RM113.5 billion worth of approved investments in the manufacturing, services and primary sectors for the first nine months of 2017. This was 26.5% lower than the investment of RM154.3 billion approved in the same period last year. These investments involved 3,886 projects and will create 91,500 employment opportunities.
Similar to the performance registered in the first half of 2017, this decline was mainly attributable to the lower quantum of approved investments recorded in the services sector i.e. a drop of 37.6%. This was in line with the subdued property market that is expected to persist until the end of the year. Manufacturing sector too declined 15.5% partly due to the higher base reported previously as a result of approvals associated with lumpy projects (Pengerang and RAPID project in Johor) as well as the softening global FDI trend for this sector as highlighted by UNCTAD’s World Investment Report 2017.
ASEAN capital market regulators and leading industry experts will convene in Malaysia next week as the 10 regulators under the ASEAN Capital Markets Forum (ACMF) come together to host the inaugural ASEAN Capital Market Conference 2017 on November 8th in Kuala Lumpur.
Themed “Strengthening ASEAN Capital Market Connectivity”, the conference is a platform highlighting ACMF’s concerted efforts towards regional collaboration for an interconnected, inclusive and resilient ASEAN capital market for sustainable regional growth, as set forth in the ACMF Vision 2025.
BIMB Investment Management Berhad (BIMB Invest), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, declared 7.5% income distribution yield for its income and growth fund, the BIMB i Dividend Fund (“the Fund”).