Latest news with #LohSzeYee
The Sun
5 days ago
- Automotive
- The Sun
Perak targets semiconductor and automotive growth with RM63 billion investments
IPOH: Perak is positioning itself as a key player in Malaysia's semiconductor and automotive industries, driven by RM63 billion in investments under the National Semiconductor Strategy (NSS). State Tourism, Industry, Investment and Corridor Development committee chairman Loh Sze Yee highlighted the role of companies like Carsem and Unisem in strengthening Perak's back-end semiconductor services. Loh noted that while Perak may not host large semiconductor factories, its niche lies in critical support services. 'This is the uniqueness of Perak's electrical and electronics (E&E) sector. We are expecting more investments,' he said. The federal government's commitment is evident in projects such as the Kerian Integrated Green Industrial Park (KIGIP), a 1,214-hectare development designed to attract E&E investors. 'The northern border areas are being developed to tap into Penang's E&E spillover effect,' Loh explained. Key investments include Carsem's advanced packaging for EVs and AI, NXP's semiconductor products, and Infineon's silicon carbide power fabrication plant. However, Loh cautioned that full economic benefits may only materialise by 2030 due to extensive planning and infrastructure requirements. Under the Perak Sejahtera 2030 plan, the state anticipates creating over 483,700 jobs across primary and secondary sectors, supported by training initiatives like Pusat Aspirasi Anak Perak (PASAK). - Bernama
The Star
5 days ago
- Business
- The Star
Young investors urged to approach Malaysia's capital market with caution
IPOH: With more opportunities emerging in Malaysia's capital market, young investors are encouraged to get involved but with caution, strategy, and a solid understanding of financial risks. State tourism, industry, investment, and corridor development committee chairman Loh Sze Yee said young investors must equip themselves with knowledge. 'This knowledge is important to assess risks, formulate sound strategies, and develop the discipline required to make informed decisions. 'At the same time, the rise in youth participation must be matched by greater vigilance against fraud. 'The growing sophistication of investment scams, particularly those targeting inexperienced investors, remains a serious concern,' he said in his speech at the Bursa Malaysia 2025 Investment Carnival held at Universiti Tunku Abdul Rahman (UTAR) in Kampar on Saturday (July 26). Loh said alongside the excitement of market entry, there is a real need for heightened awareness. He said fraudulent schemes have become more deceptive, and many first-time investors are falling victim. 'Get-rich-quick scams and bogus investment offers are becoming harder to detect. The number of victims, especially those just starting to invest, is on the rise,' he warned. He said the state government expressed serious concern over the matter, urging collective action. Loh said while enforcement remains crucial, public awareness and individual responsibility are equally important in protecting both oneself and others. 'Every prospective investor must fully understand both the potential gains and the risks involved. 'It is essential that all investment transactions are conducted through legitimate, secure, and regulated channels,' he added. Loh also stressed the need to build a generation of financially literate Malaysians who can serve not just as informed investors, but also as community watchdogs against investment fraud. 'Financially savvy individuals will play a vital role in educating others and forming a line of defence to prevent more people from falling victim to scams,' he said. Loh said the strategic collaboration between Bursa Malaysia and Utar is seen as a significant step in supporting the aspirations of the Perak Sejahtera 2030 Plan, especially in empowering youth and communities through practical and relevant knowledge, including effective financial management. He said the initiative aligns well with Perak's demographic profile, where a large portion of the 2.5mil population comprises young people, regarded as the backbone of the state's development agenda. 'Beyond its role in financial literacy, UTAR has also been directly involved in advancing several key strategic projects within the state. Among the most notable is Utar's participation, along with other higher learning institutions, in the Silver Valley Technology Park (SVTP) in Chemor. 'The high-impact project is expected to drive the growth of mineral-based and advanced technology industries in Perak,' he said. Loh said close collaboration between educational institutions, the government, and the industrial sector is seen as vital in boosting financial literacy among youth, which is increasingly regarded as an urgent need. 'Such efforts will not only unlock greater entrepreneurial potential and workforce readiness in the state, but also help build a stronger foundation for long-term financial stability in Perak,' he added.
New Straits Times
22-06-2025
- Business
- New Straits Times
Perak records highest domestic tourist numbers last year
IPOH: Perak attracted the highest number of domestic tourists in the country last year, recording 10.2 million visitors, surpassing all other states. State Tourism, Industry, Investment and Corridor Development Committee chairman Loh Sze Yee said the figure was based on the Domestic Tourism Survey 2024 published by the Department of Statistics Malaysia (DOSM) on June 19. He said the number marked a 36.1 per cent increase from the 7.5 million visitors recorded in 2023. "Perak registered the highest domestic tourist arrivals at 10.2 million, followed by Selangor with 9.6 million and Pahang with 9.5 million. "Congratulations to all stakeholders—government agencies, local authorities, district offices, NGOs, traders, and the public, for their efforts in making Perak a leading tourism destination," he said in a statement. According to the report, popular destinations in Perak included Teluk Batik, Lumut Waterfront, Ipoh Night Market, Gunung Lang Recreational Park, and Pangkor Island. The districts with the highest tourist presence were Kinta, Larut and Matang, Manjung, Kuala Kangsar, and Batang Padang. Loh said the increase was also attributed to the success of last year's Visit Perak Year campaign, which saw strong collaboration between the state and federal governments. "We must keep up this momentum. Last year, only four states, including Melaka, launched state-level tourism campaigns. But with Visit Malaysia Year 2026 approaching, every state will be actively competing to attract visitors," he added. – BERNAMA
Barnama
22-06-2025
- Business
- Barnama
Perak Records Highest Domestic Tourist Numbers Last Year
IPOH, June 22 (Bernama) -- Perak attracted the highest number of domestic tourists in the country last year, recording 10.2 million visitors, surpassing all other states. State Tourism, Industry, Investment and Corridor Development Committee chairman Loh Sze Yee said the figure was based on the Domestic Tourism Survey 2024 published by the Department of Statistics Malaysia (DOSM) on June 19. He said the number marked a 36.1 per cent increase from the 7.5 million visitors recorded in 2023. 'Perak registered the highest domestic tourist arrivals at 10.2 million, followed by Selangor with 9.6 million and Pahang with 9.5 million. 'Congratulations to all stakeholders—government agencies, local authorities, district offices, NGOs, traders, and the public, for their efforts in making Perak a leading tourism destination,' he said in a statement. According to the report, popular destinations in Perak included Teluk Batik, Lumut Waterfront, Ipoh Night Market, Gunung Lang Recreational Park, and Pangkor Island. The districts with the highest tourist presence were Kinta, Larut and Matang, Manjung, Kuala Kangsar, and Batang Padang. Loh said the increase was also attributed to the success of last year's Visit Perak Year campaign, which saw strong collaboration between the state and federal governments. 'We must keep up this momentum. Last year, only four states, including Melaka, launched state-level tourism campaigns. But with Visit Malaysia Year 2026 approaching, every state will be actively competing to attract visitors,' he added. -- BERNAMA
The Star
22-06-2025
- Business
- The Star
Perak leads in domestic tourism for 2024 with 10.2 million visitors
IPOH: Perak took the top spot for the highest number of domestic tourists in 2024, says Loh Sze Yee. The state tourism committee chairman said, according to the Statistics Department, Perak welcomed 10.2 million local tourists, followed by Selangor and Pahang with 9.6 million and 9.5 million respectively last year. Loh attributed the achievement partly to the Visit Perak Year 2024 campaign. "It proves the effectiveness of the campaign and the efforts of all those involved. "The synergy and cooperation between the state and federal agencies, the industry players, and the people are key to the achievement," he said at a press conference after attending the first-ever Car Free Day programme in Kampar on Saturday (June 21). Loh said the 10.2 million domestic tourists last year represented a 36.1% increase compared to 7.5 million in 2023. He noted that in terms of domestic visitors, 21.8 million people came to Perak in 2024 compared to 17.1 million in 2023. "Domestic tourists are those who stayed at least one night in Perak, while domestic visitors also included day-trip tourists," he added. The top five districts visited included Kinta, followed by Larut and Matang, Manjung, Kuala Kangsar, and Batang Padang. "The top five destinations are Teluk Batik, Lumut Waterfront, Ipoh Night Market, Gunung Lang Recreational Park, and Pangkor Island," he said. Loh said the state hopes to maintain the momentum for next year, with it being Visit Malaysia 2026. "It's going to be a free-for-all between all states to vie for tourists," he added.
