Govt succeeds in reducing new debt
This thus fulfils the commitment of more prudent fiscal management, and only the interest payments on old debts have not yet been reduced, he said.
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- New Straits Times
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7 hours ago
- Malaysiakini
Madani Rahmah Sales allocation doubles to RM600m
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Barnama
8 hours ago
- Barnama
Trade Missions Abroad Bear Results, Two Foreign Companies Begin Investment In Malaysia -- Tengku Zafrul
BUSINESS KUALA LUMPUR, July 25 (Bernama) -- Two foreign investment projects announced during the government's trade and investment missions abroad have now begun implementation, thus refuting claims that no results were obtained from Prime Minister Datuk Seri Anwar Ibrahim's official visit abroad. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said that Gul Technologies, a company announced during the trade and investment mission to China in 2024, is currently building its factory in Kulim, Kedah, with an investment of RM350 million for Phase 1. He said that the project is expected to create 350 job opportunities for the local people. 'What is interesting is that this company is currently collaborating with Kulim Advanced Technologies Sdn Bhd, a subsidiary of Kulim Hi-Tech Park Corporation Sdn Bhd, which is responsible for training young talents. 'Through this collaboration, the company will employ 100 local technicians who will be sent to China for training,' said Tengku Zafrul in a post on X today. Meanwhile, another company, EDA, which was announced during the trade and investment mission to Italy in 2024, has started an investment worth RM100 million in Jasin, Melaka. 'EDA also has 150 vendors among local companies. This means that EDA is not only creating jobs at their facilities, but also supporting Malaysian workers in 150 local companies,' he said. These two projects are among the 2,198 manufacturing projects that have been approved throughout the MADANI Government's administration from 2023 to the first quarter of 2025. Tengku Zafrul said that out of that total, 1,849 projects, or 84.2 per cent, have been implemented as at July 2025.
