KUALA LUMPUR, Feb 28 — Global foreign direct investments (FDIs) inflow into Malaysia surged 25 per cent year-on-year to RM38.8 billion last year, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today.

He said the manufacturing sector continues to be the biggest contributor to the FDI inflows.

The FDI in the manufacturing sector registered a 11.2 per cent growth to RM14.6 billion last year while that of services sector jumped by 42 per cent to RM11.2 billion, he told a press conference on “Malaysia's Investment Performance 2013”.

Mustapa said the FDI in the mining and quarrying sector rose by 15.8 per cent to RM11.1 billion. 

Top sources of FDIs were the United States, South Korea, the European Union-member countries, Singapore, Japan and China.

Mustapa expects the FDIs to hit at least RM40 billion this year. — Bernama