Kuala Lumpur: Nearly 3,000 foreign affiliates are operating in Malaysia, contributing a value added of RM274.3 billion in 2021, or 17.7 per cent of Malaysia’s economy, said the Department of Statistics Malaysia (DoSM).
In its statistics report on foreign affiliates in Malaysia and statistics on Malaysian affiliates abroad 2021, DoSM said that, in contrast, almost 2,300 Malaysian affiliates are operating abroad, generating a turnover of RM334.1 billion in 2021. In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin noted that foreign affiliates refer to enterprises with more than 50 per cent equity owned by a single foreign investor.
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