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Malaysia’s FDI up in 1st quarter

KUALA LUMPUR, May 17 (Xinhua) — Malaysia’s foreign direct investment (FDI) increased by 12 billion ringgit (2.56 billion U.S. dollars) to 938 billion ringgit as at the end of the first quarter of 2024 from 926 billion ringgit in the fourth quarter of 2023, official data showed Friday.

The Department of Statistics Malaysia (DOSM) said in a statement that the services sector remained the largest recipient with a