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“Malaysian affiliates’ turnover grew 0.7% to RM343.3 billion
in 2023”
A total of 2,404 Malaysian
affiliates abroad generated turnover at RM343.3 billion in 2023, slightly
increased by 0.7 per cent as compared to the previous year.
Services remained the main
contributing sector with a turnover of RM229.6 billion, followed by
Manufacturing and Mining & quarrying.
Major countries contributed to
the turnover were Singapore (RM55.8 billion), Australia (RM54.7 billion) and
Thailand (RM39.9 billion).
Malaysian affiliates abroad
employed a total of 437,484 persons with paid compensation of employees at
RM25.5 billion increased by 1.6 per cent as compared to RM25.1 billion in the
previous year.
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