logo
Claims Multibillion-ringgit Investments Failed Are Baseless

Claims Multibillion-ringgit Investments Failed Are Baseless

Barnama21-07-2025
BUSINESS
PUTRAJAYA, July 21 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has dismissed claims that multibillion-ringgit investments have not produced any results.
He emphasised that investments in the manufacturing sector continue to have a positive impact on the national economy, with the benefits being directly felt by the people through increased job opportunities, higher wages, and greater value added to industries.
Anwar said that 3,494 manufacturing investment projects had been approved by the Malaysian Investment Development Authority (MIDA) from 2021 to June 2025, of which 3,095 projects, or 86.4 per cent, had been realised and are now operational.
He noted that the overall annual implementation rate of these approved projects stood at 90.6 per cent in 2023 and 79.2 per cent in 2024, while for the first quarter of 2025, the implementation rate was 49.8 per cent.
'They say, 'billions in investment, but where are the results? There is nothing to show'. In reality, 86 per cent of the approved projects are already operational.
'As such, I have informed the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz to continue displaying this data and to highlight the locations of these operational projects in Kulim, Johor, Sarawak, Sabah, and the Klang Valley,' Anwar said in his speech at the Prime Minister's Department (PMO) monthly assembly here today.
He said the majority of these realised projects are in the manufacturing sector, with a focus on digital and green industries.
Anwar highlighted that the implementation of these projects had created 50,000 new job opportunities in the manufacturing sector in the first quarter of 2025.
During the same period, the median wage in the manufacturing sector increased by 5.4 per cent to RM2,745, compared to RM2,600 last year, in line with the implementation of the new minimum wage of RM1,700.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thailand and Cambodia ceasefire talks begin in Malaysia
Thailand and Cambodia ceasefire talks begin in Malaysia

The Sun

time15 minutes ago

  • The Sun

Thailand and Cambodia ceasefire talks begin in Malaysia

PUTRAJAYA: Thailand and Cambodia initiated ceasefire discussions on Monday as border tensions entered their fifth day, with over 200,000 civilians displaced by artillery and gunfire exchanges. The talks, held at Malaysian Prime Minister Anwar Ibrahim's official residence, Seri Perdana, included delegations from the US and China. Thai acting Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet met shortly after 0700 GMT, following US President Donald Trump's intervention. Trump reportedly secured commitments from both leaders to 'quickly work out' a truce during late-night weekend calls. Malaysia, as the current ASEAN chair, is mediating the negotiations. However, hostilities persisted ahead of the meeting, with both sides exchanging fresh accusations. Phumtham claimed Bangkok doubted Phnom Penh's sincerity, while Cambodian defence ministry spokeswoman Maly Socheata accused Thailand of continued territorial incursions with heavy weaponry. The disputed border region, home to ancient temples, has seen repeated clashes despite past ceasefire agreements. US State Department officials and a Chinese delegation were present at the talks, reflecting international interest in stabilising the conflict. – AFP

Education amendment bill 2025 makes secondary school compulsory
Education amendment bill 2025 makes secondary school compulsory

The Sun

time15 minutes ago

  • The Sun

Education amendment bill 2025 makes secondary school compulsory

KUALA LUMPUR: The Education (Amendment) Bill 2025 was tabled for its first reading in the Dewan Rakyat today, proposing significant changes to Malaysia's education system. The bill aims to make secondary education compulsory, expanding the current definition under the Education Act 1996. Deputy Education Minister Wong Kah Woh introduced the bill, confirming that the second reading will follow during the ongoing parliamentary session. The amendments target Section 2 of the Education Act 1996, redefining 'compulsory education' to include secondary schooling. A new provision, Section 32A, mandates that parents of Malaysian children residing in the country must enroll their children in secondary education institutions and ensure continuous attendance. Non-compliance could lead to penalties, including fines up to RM5,000, imprisonment for six months, or both. The bill acknowledges that these changes will require additional government funding, though the exact financial impact remains undetermined. The move aligns with broader efforts to enhance educational attainment and reduce dropout rates nationwide. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store