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BusinessToday
2 days ago
- Business
- BusinessToday
86% And Counting, PM Slams Claims Of ‘No Results'
Credits to PMO FB Prime Minister Datuk Seri Anwar Ibrahim has dismissed claims that multibillion-ringgit investments bring no tangible results, stating that the manufacturing sector continues to deliver direct benefits to Malaysians through job creation, wage increases and industrial value-add. 'They say billions in investments, where are the results? There's nothing to show. The reality is, 86% of the approved projects are already operational,' he said. He revealed that 3,494 manufacturing projects have been approved by the Malaysian Investment Development Authority (MIDA) from 2021 until June 2025. Of these, 3,095 projects or 86.4%, have been realised and are now operational. Speaking at the monthly assembly of the Prime Minister's Department, Anwar noted that the implementation rate of approved projects stood at 90.6% in 2023, 79.2% in 2024 and 49.8% in the first quarter of 2025. 'I've told Minister Tengku Zafrul to continue publishing the relevant data and highlight the locations of operating plants — in Kulim, Johor, Sarawak, Sabah and the Klang Valley,' he added. He said most of the realised projects focus on digital and green industries. In the first quarter of this year alone, these projects have created 50,000 new jobs in the manufacturing sector. Median wages in the sector also rose by 5.4% to RM2,745, up from RM2,600 last year, aligning with the new minimum wage policy of RM1,700. Anwar also reported that since the establishment of the Invest Malaysia Facilitation Centre (IMFC) in December 2023, a total of 28,166 investor applications have been facilitated with a resolution rate of 99.9%. These applications involved matters such as approvals, permits, foreign worker quotas, utilities and tax-related issues. Related
The Sun
2 days ago
- Business
- The Sun
Anwar refutes claims of failed multibillion-ringgit investments
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has firmly rejected allegations that multibillion-ringgit investments in Malaysia have failed to deliver results. He stressed that these investments, particularly in the manufacturing sector, have significantly contributed to economic growth, job creation, and wage improvements. Anwar revealed that 3,494 manufacturing projects approved by the Malaysian Investment Development Authority (MIDA) between 2021 and June 2025 have seen an 86.4% implementation rate, with 3,095 projects already operational. The annual implementation rates were 90.6% in 2023 and 79.2% in 2024, while the first quarter of 2025 recorded 49.8%. 'Critics ask, 'Where are the results of these billions in investment?' The truth is, 86% of approved projects are up and running,' Anwar stated during the Prime Minister's Department monthly assembly. He directed the Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz, to publicly share data on operational projects in key regions like Kulim, Johor, Sarawak, Sabah, and the Klang Valley. The prime minister emphasised that these projects, particularly in digital and green industries, have generated 50,000 new jobs in the manufacturing sector in Q1 2025. Additionally, the median wage in the sector rose by 5.4% to RM2,745, aligning with the new minimum wage of RM1,700. Anwar also highlighted the efficiency of the Invest Malaysia Facilitation Centre (IMFC), established in December 2023, which has processed 28,166 investor applications with a 99.9% resolution rate. These applications covered approvals, permits, foreign worker quotas, utilities, and taxation. 'The civil service's role in facilitating these investments must be acknowledged. Their efficiency ensures that announced policies translate into real outcomes,' he added. – Bernama
Barnama
2 days ago
- Business
- Barnama
Claims Multibillion-ringgit Investments Failed Are Baseless
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.
Yahoo
14-07-2025
- Business
- Yahoo
Output to Register an AAGR of 4.4% During 2026-2029, Supported by Investments in Manufacturing and Mixed-use Projects, & NIMP 2030
The Malaysian construction industry is set to grow 6% in 2025, driven by infrastructure investments, with 1,049 projects worth MYR58.8 billion in the pipeline. The 2025 budget allocates funds for key sectors, contributing to growth. "Construction in Malaysia - Key Trends and Opportunities to 2029" offers detailed insights. Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Malaysia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q2 2025)" report has been added to construction industry in Malaysia is expected to expand by 6% in real terms in 2025, supported by investments in industrial and transport infrastructure projects. According to the Department of Statistics Malaysia (DOSM), the total value of construction work done grew by 16.6% YoY in Q1 2025. By sector, the total value of residential construction work done grew by 27%, while that for non-residential buildings and civil engineering works grew by 21.1% and 3.7%, respectively, during Q1 2025. Moreover, according to the Malaysian Investment Development Authority (MIDA), the government has 1,049 projects in the pipeline, worth a total of MYR58.8 billion ($13.3 billion). The services sector dominates the pipeline with 995 projects, worth MYR31.8 billion ($7.2 billion), while the manufacturing sector accounts for 54 projects worth MYR27.0 billion ($6.1 billion). Growth in 2025 will also be supported by allocations announced as part of the 2025 Budget, under which, MYR64.1 billion ($14.4 billion) is allocated for the Ministry of Education, MYR45.3 billion ($10.2 billion) for the Ministry of Health, MYR10 billion ($2.3 billion) for the Ministry of Housing, and MYR16 billion ($3.6 billion) for the Ministry of Energy. The construction industry is expected to register an annual average growth rate of 4.4% between 2026 and 2029, supported by investments in manufacturing and mixed-use projects, coupled with support from the New Industrial Master Plan 2030 (NIMP 2030), announced in 2023; as part of the plan, the government will invest MYR5 billion ($1.1 billion) to develop 3,000 smart factories in the country by 2030. In March 2025, the Malaysian commercial banking company, Maybank, reported that the country's Johor state is poised to receive up to MYR2.4 billion ($540.8 million) in investments over the next three to ten years, focused on the Johor-Singapore Special Economic Zone (JS-SEZ).Scope Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Malaysia, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Reasons to Buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using the analyst's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key Topics Covered: 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 Risk Profile4 Construction Outlook4.1 All Construction Outlook Latest news and developments Construction Projects Momentum Index 4.2 Commercial Construction Outlook Project analytics Latest news and developments 4.3 Industrial Construction Outlook Project analytics Latest news and developments 4.4 Infrastructure Construction Outlook Project analytics Latest news and developments 4.5 Energy and Utilities Construction Outlook Project analytics Latest news and developments 4.6 Institutional Construction Outlook Project analytics Latest news and developments 4.7 Residential Construction Outlook Project analytics Latest news and developments 5 Key Industry Participants5.1 Contractors5.2 Consultants6 Construction Market Data7 AppendixFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
The Sun
06-07-2025
- Business
- The Sun
Malaysia secures RM4.675 bil in exports, investments from France trade mission
KUALA LUMPUR: Malaysia has secured RM4.675 billion in potential investments and exports following a high-profile trade mission to France led by Prime Minister Datuk Seri Anwar Ibrahim. The delegation, which included key ministers and industry representatives, engaged with 40 French companies, resulting in commitments across high-growth sectors. The Investment, Trade and Industry Ministry (MITI) confirmed RM4 billion in potential investments, focusing on high-tech manufacturing, aerospace, renewable energy, and digital economy. Meanwhile, RM675 million in potential exports was identified for aerospace, automotive, pharmaceuticals, and halal industries. These sectors align with Malaysia's New Industrial Master Plan 2030 (NIMP 2030) and Green Investment Strategy. MITI highlighted Malaysia's competitive advantages, including a stable investment ecosystem, skilled workforce, and investor-friendly policies, as key drivers for continued foreign interest. Tengku Datuk Seri Zafrul Abdul Aziz, MITI Minister, noted that the mission's success reinforces global confidence in Malaysia's economic potential. The delegation also included officials from MIDA and MATRADE, ensuring comprehensive trade and investment discussions. The outcomes are expected to create business opportunities for local SMEs and high-paying jobs, supporting the MADANI economic agenda. Anwar's working visit, spanning Italy, France, and Brazil until July 8, underscores Malaysia's commitment to strengthening international trade ties. The delegation included ministers from foreign affairs, transport, defence, agriculture, and energy sectors, reflecting a whole-of-government approach to economic diplomacy. - Bernama
