Malaysia among Asia's top 10 FDI hotspots, says IHS
Published on: Friday, April 15, 2016
Kuala Lumpur: Malaysia is ranked among Asia Pacific's top 10 foreign direct investment (FDI) hotspots, according to a study by US-based global information company IHS Inc.The other Asia Pacific FDI hotspots are China, Indonesia, Vietnam, the Philippines, Myanmar, Thailand, India, Sri Lanka and Bangladesh.In a statement Thursday, IHS said that over the next decade, the Asia Pacific is forecast to be the fastest growing region of the global economy and the region that offers the biggest potential gains for FDI.
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"The Asia Pacific region will grow at an average annual rate of 4.5 per cent per year, boosted by rapid growth in consumer spending in China, India and Southeast Asia," said Biswas. Malaysia, Indonesia, the Philippines and Thailand are also expected to join the ranks of Asian nations with a Gross Domestic Product exceeding US$1 trillion by 2030.Stay up-to-date by following Daily Express’s Telegram channel.
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