Pahang leads East Coast with RM4 bln investments in 1H 2025
The figure surpasses Terengganu (RM1.3 billion) and Kelantan (RM1.1 billion), reinforcing the state's economic momentum.
Menteri Besar Datuk Seri Wan Rosdy Wan Ismail highlighted that Pahang also attracted RM3.5 billion in committed investments during the same period, reflecting strong investor confidence.
'Pahang is now a progressive and competitive state, with an estimated RM38.4 billion in high-impact investments expected this year,' he said.
Key sectors driving growth include manufacturing, oil and gas, and tourism. The state's GDP expanded by 5.7% in 2024, outperforming the national average of 5.1%, with a total value of RM68.7 billion. Since 2018, Pahang's GDP has grown by 23%, equivalent to RM13 billion, attributed to sustainable development policies.
Wan Rosdy credited political stability, modern infrastructure, and an efficient investment ecosystem for the progress.
'Pahang 1st Aspiration ensures balanced growth, job creation, and fair wealth distribution,' he added. The state remains committed to enhancing competitiveness and ensuring public benefits from economic advancements. - Bernama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
5 hours ago
- Barnama
TNB Evaluating Legal Options After Receiving RM840 Mln Tax Notice
TNB Evaluating Legal Options After Receiving RM840 Mln Tax Notice KUALA LUMPUR, July 25 (Bernama) -- Tenaga Nasional Bhd (TNB) has received a Notice of Additional Assessment for the Year of Assessment (YA) 2022 amounting to RM840.12 million, dated July 24, 2025, from the Inland Revenue Board. In a filing with Bursa Malaysia today, TNB said that in light of the Federal Court's decision relating to a similar Notice of Additional Assessment issued for YA 2018, it is currently evaluating its available legal options to address the matter. "This evaluation takes into consideration that TNB has already submitted an application for Investment Allowance under Schedule 7B of the Income Tax Act 1967 (including those for YA 2022) to the Minister of Finance," it added. -- BERNAMA
Barnama
7 hours ago
- Barnama
Gov't Committed To Expanding 5G Coverage To Rural Areas
GENERAL ALOR SETAR, July 25 (Bernama) – Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has reaffirmed the government's commitment to expanding 5G coverage to rural areas, as part of efforts to ensure local leaders are empowered to use social media for communication with residents. Ahmad Zahid, who is also Minister of Rural and Regional Development, said his ministry will work alongside the Ministry of Digital and the Ministry of Communications to realise the effort. '... 5G coverage must not be limited to densely populated areas, but extended to KEDA (Kedah Regional Development Authority) zones, FELCRA settlements and other villages. the Ministry of Rural and Regional Development (KKDW), in collaboration with the Digital Ministry and the Communications Ministry, is determined to bring 5G to rural areas,' he said. He was speaking at the opening of the 2025 KEDA Rural Youth and Programme Implementation Planning Committee (4P) Convention here tonight. Also present was KEDA Chairman Datuk Seri Mahdzir Khalid. Ahmad Zahid added that rural leaders must embrace and be proficient in technology, especially in using social media as a tool to connect and engage with their communities. He also urged them to enhance their leadership knowledge in today's modern era by balancing traditional and contemporary telecommunications systems. He noted that grassroots leaders should engage directly with the people instead of relying solely on reports, stressing that true leadership requires integrity. 'A leader without integrity is like a house without pillars — it will collapse when tested,' he said. Meanwhile, he announced that RM40.7 million has been allocated to KEDA this year to benefit targeted groups, including rural youth throughout Kedah.
Barnama
8 hours ago
- Barnama
Citadel Trustee, Chester Group Tie Up To Transform Malaysia's Real Estate Management
BUSINESS KUALA LUMPUR, July 25 (Bernama) -- Citadel Trustee Bhd and Chester Group are set to introduce a pioneering real estate management platform to deliver robust growth, capital preservation, and multi-generational wealth planning, following a strategic partnership that was inked today. In a joint statement, both parties said that the platform uniquely combines diversified asset deployment with sophisticated risk assessment to meet the evolving needs of discerning clients in Malaysia's dynamic property market. According to the statement, the new product stands out by integrating equity stakes in undervalued real estate, development projects, select equities, and income-generating assets within an advanced asset protection framework. 'It is designed to deliver stable annual returns of 10 per cent to 12 per cent, with regular quarterly payouts, while safeguarding against legal and financial risks. 'Tailored legacy planning solutions are also available for high-net-worth participants, ensuring a smooth transfer of wealth across generations. We aim to grow our portfolio to RM500 million by 2026,' the statement read. Both companies said that the platform enters the market at a time of significant transformation within Malaysia's property landscape. They said that with economic growth gaining momentum in late 2024 and government efforts enhancing infrastructure and connectivity, demand is rising for suburban and transit-oriented developments. Homebuyers are increasingly drawn to affordability, space, and quality, particularly in emerging townships, boosted by supportive financing and housing incentives, they said. 'In this evolving environment, there is growing interest in solutions that offer a more structured and adaptable approach to real estate.
