The ministry says it will also continue its efforts to keep Malaysia the choice investment destination for high quality, high-tech and green-tech investments.

The investments involve strategic and high potential sectors such as electrical and electronics, research and development, biomass, and IT and communications.

Foreign direct investments remained the major contributor at 70.9% or RM87.4 billion, while investments from domestic sources contributed 29.1% amounting to RM35.9 billion.

While the fund started the first quarter from a position of strength, the subsequent decline in global markets caused lower returns throughout the remainder of the period.

Foreign direct investments comprised the bulk at 65% or RM27.8 billion.

They welcome high-quality manufacturers in Malaysia as well as its participation in the Indo-Pacific Economic Framework.

While several factors could have played a role in the decision, it does not reflect badly on Malaysia's ability to attract foreign investments, they say.

He voices hope that these commitments can be finalised by the third quarter of the year.

Ferrotec (USA) Corporation says this will be its first large platform manufacturing site outside of Japan, China and the US.

Minister Mohamed Azmin Ali will lead the trip to reinforce the country’s value proposition as a preferred investment destination and trading partner.

The manufacturing sector secured RM195.1 billion worth of projects in 2021, 114% more than in the previous year.

Malaysia received the highest ranking in the region due to its strong performance across all categories measured.