RHB | Malaysia | Manufacturing Investment Approvals Rebounded Strongly In 1Q, Boosted By The Pengerang Project

Economic Research	02 June 2015
Malaysia
Economic Highlights
Manufacturing Investment Approvals Rebounded Strongly In 1Q, Boosted By The Pengerang Project Total approved manufacturing investment rebounded sharply by 152.6% y-o-y to RM33.7bn in 1Q, after falling by 50.9% in 4Q 2014. This was reflected in a rebound in domestic manufacturing investment approvals but partly offset by an ongoing decline in foreign investment approvals during the quarter. The former was mainly due to Petroliam National Bhd’s (Petronas) Pengerang project, which contributed MYR25.4bn. Stripping out Petronas’ Pengerang Rapid project, domestic manufacturing investment approvals would have dropped by 42.5% y-o-y and the total manufacturing investment approvals by 51.5% to MYR8.3b in 1Q 2015. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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