FDI inflows dropped 56pct in 2020 to RM13.9b

Malaysia's foreign direct investment (FDI) fell 56 percent to RM13.9 billion in 2020, a government report said today, as the Covid-19 pandemic hit economic activity globally and in the trade-reliant Southeast Asian nation.

The economy contracted 5.6 percent last year, marking its worst performance since a 7.4 percent fall in 1998 during the Asian Financial Crisis.

The net foreign investment totalled RM13.9 billion in 2020, down from...