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“Malaysian
affiliates’ turnover grew 8.3% to RM371.9 billion in 2024”
A total of 2,413 Malaysian affiliates abroad generated a
turnover of RM371.9 billion in 2024, an increase of 8.3 per cent compared to
the previous year.
Services remained the main contributing sector with a
turnover of RM252.1 billion, followed by Manufacturing and Mining &
quarrying.
Major countries contributed to the turnover were Indonesia
(RM68.9 billion), Viet Nam (RM38.1 billion) and Singapore (RM29.1 billion).
Malaysian affiliates abroad employed a total of 433,801
persons with paid compensation of employees at RM27.1 billion increased by 6.3
per cent as compared to RM25.5 billion in the previous year.
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