Total investment for Penang now ranked No: 3 in Malaysia
Claiming credit for himself while forgetting that the Federal Govt has a hand in pursuing FDIs . If the FDI falls , we all know who he will claim is responsible ! Famous for blaming others while famous for claiming credits of others ! Hokkien say " use other people's backside for his face . Any mention by him of the Fed Govts contribution ? NONE |
| Penang Chief Minister Lim Guan Eng |
Penang's total investment for Penang has surged from R 1.53 billion for the first six months of the year to RM2.25 billion as at July 2010. In other words, for the month of July alone, there was an increase of RM716 million of investment or an increase of nearly 50% in one month as compared to the total investments for the first six months of the year. Penang's performance for the first 7 months until July 2010 of RM2.25 billion is higher than the RM2.17 billion achieved for the whole of 2009.
Total investment for Penang now ranked No: 3 in Malaysia, with RM 2.25 billion, an Increase Of RM 717 million or nearly 50% in a month, compared to 2010 1st half of RM1.5 billion
Penang's total investment for Penang has surged from R 1.53 billion for the first six months of the year to RM2.25 billion as at July 2010. In other words, for the month of July alone, there was an increase of RM716 million of investment or an increase of nearly 50% in one month as compared to the total investments for the first six months of the year. Penang's performance for the first 7 months until July 2010 of RM2.25 billion is higher than the RM2.17 billion achieved for the whole of 2009.
This is based on the Malaysian Industrial Development Authority (MIDA) website today at www.mida.gov.my. Based on the latest MIDA statistics for proposed capital investments in Malaysia, Penang has been successful in securing RM2.25 Billion for the period of January till July 2010. Of this amount, RM738 million was secured from domestic investments while RM1.51 billion of foreign investments were secured.
With this latest investment figure, Penang is now ranked No: 3 behind Johor and Selangor in terms of Malaysia’s proposed capital investments.
This compares to Penang's position as at June 2010 when Penang was ranked No: 5 at RM1.53 billion. The Penang state government records its appreciation to the relevant state agencies such as InvestPenang, Penang Development Corporation, both the local councils and federal agencies such as MIDA that have played a role in ensuring that Penang remains competitive.
Investors continue to make Penang their choice of location for investment due to seven key factors:
1. Ready availability of skilled human talent
2. Effective and efficient supply chain management
3. Competent and reliable logistics and communications hub
4. Strong Intellectual Property Protection
5. Good Governance and effective government leadership
6. Building creativity and innovation in science and technology
7. Livable and intelligent city
Despite this encouraging improvement, Penang is still half way from this year's target of RM4.2 billion. The state government will gain motivation from this latest performance to redouble our efforts to achieve our target of RM4.2 billion for 2010 which is double last year's investment figures of RM 2.1 billion.
Below is what found in MT website:
ReplyDeleteAnd now 53 years later, after being called a tiger economy, we are on the verge of being the sick men of Asia. Literally! Our FDI and economic figures don’t seem to generate any confidence and hope in the near future and for our children.
Our neighbors whom we used to import maids from (Indonesia, Philippines, Vietnam, Thai etc) are running ahead of us and forging new grounds.
also, just to remind readers, J4OTK posted GERAKAN's Ting HN ranting about Penang FDI is dwindling.
Pls see what the whole Malaysia is experiencing.
then you comment on Penang. You are missing the woods and the trees and still in your slumber land. Wake up before the Tsunami comes.
Why is that your fiddle while Rome is burning??!!
Anon 10/09/20 02:29:00 PM,
ReplyDeleteBut I do not see any hope in PR govern as well, they may quicken the pace for the nation downfall, it already happening in Penang
We don't think LGECan claim all credit for himself but all accolades to him & co for the way they manage the state, more over he isn't a sinister person unlike Zahrain & goons
ReplyDelete