Foreign affiliates contribute 17pct to economy, value-added of RM241b in 2020

Foreign affiliates contributed 17 percent to Malaysia’s economy by registering a value-added of RM241 billion in 2020, according to the Department of Statistics Malaysia (DOSM).

In a statement today, the DOSM said in total, 2,979 foreign affiliates were operating in Malaysia, while the manufacturing sector remained as the main contributor with a value-added of RM115.8 billion and a share of 48 percent in 2020.

“The sector employed 640,434 persons with a...