From January to June 2018, the total investments in the sector reached MYR244.8mn ($58.73 mn) of which FDI accounted for MYR112mn ($26.87 mn), according to an official from the Malaysian Investment Development Authority (MIDA). The official said that this compares with MYR428.8 mn ($102 mn) of investments approved across 12 projects for the garment and textile sector last year where MYR322.3mn ($77.35 mn) – 75.2 per cent – came from foreign investors.

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