KUALA LUMPUR, Sept 22 ― 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...
KUALA LUMPUR, Sept 22 ― 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 .
“The objective of inward and outward FATS published by DOSM is to provide annual information on the main characteristics and economic indicators that determine the structure and activity of foreign-controlled affiliates located in Malaysia, and vice versa,” he explained. Elaborating further on the performance of inward FATS by economic activities, Mohd Uzir said that the manufacturing sector remained the main contributor with the highest share at 48.6 per cent of value added, amounting to RM133.3 billion in 2021.
“Nevertheless, the services sector registered the second highest number of employees at 178,552 workers with a total compensation of employees at RM12 billion in 2021,” he said. The chief statistician also highlighted that in 2021, the performance of Malaysian-controlled affiliates abroad exhibited an upward momentum whereby compared to a year ago, these affiliates posted a 4.2 per cent increase in turnover, reaching a record of RM334.1 billion.
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