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Published on: Thursday, May 20, 2021 By: Bernama Text Size: Kuala Lumpur: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has projected approved investments in Malaysia to increase 13 per cent to RM185 billion in 2021, of which close to 40 per cent will be attributed to foreign direct investment (FDI). “China, Europe and the United States (US) are expected to remain among the top sources of FDI, while capital is likely to be channelled mainly into the high-value-added sectors, including electrical and electronics (E&E), chemical, manufacturing and industrial,” it said in a statement. Managing director and country head of wholesale banking Ng Wei Wei said the bank believes that Malaysia’s diversified economic potential, strong fundamentals, accommodative policies and favourable demographics would continue to appeal to foreign companies looking to expand into the region.

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