ad
CURRENT

Malaysia’s over 120,000 expats contribute nearly 5 pct to GDP

26 Nov 2024, 8:01 AM
Malaysia’s over 120,000 expats contribute nearly 5 pct to GDP

KUALA LUMPUR, Nov 26 — A total of 120,183 expatriates were in Malaysia as of October 31, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

He said of the total, the highest number of expatriate officers were from China, namely 27,460, India (23,131), the Philippines (9,302), Japan (8,739) and Indonesia (8,333).

“Meanwhile, 36 per cent of the 120,183 (expatriate officers) are from other countries,” he said during the oral question and answer session at Dewan Rakyat today.

He was responding to a question by Datuk Mohd Shahar Abdullah (BN-Paya Besar) on the number and percentage of high-value foreigners (expatriates) migrating to Malaysia according to the country breakdown.

Saifuddin Nasution said that based on the Malaysia Productivity Corporation, the presence of expatriate officers provided an economic impact by contributing RM75 billion, equivalent to 4.8 per cent of the total gross domestic product.

He said the Inland Revenue Board has collected up to RM100 million in income tax from the group.

According to Saifuddin Nasution, among the attractions of expatriates to Malaysia is the low cost of living for the group, political stability, and the potential for economic vitality in the country.

He said this ranked Kuala Lumpur in eighth place out of 49 major cities in Expat City Ranking 2023.

— Bernama

Latest
MidRec
About Us

Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.