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Make sure these FDI projects are not foreign labor intensive

By value of investments, Penang was first with RM9.1 billion, followed by Selangor (RM8.7 billion), Sarawak (RM8.5 billion), Johor (RM6.6 billion) and Kedah (RM6.1 billion).

Although BN federal government has actively persuaded foreign investors to invest in states controlled by BN, Penang, Selangor and Kedah are still their preferred choice of locations.

This is a big slap on the face of BN and Mustapa.

BN government is again selectively NOT to disclose Malaysia net FDI is still NEGATIVE.

Highest ever FDI for Malaysia

By RUPA DAMODARAN

Foreign direct investments increase by 12.3pc to RM32.9b

KUALA LUMPUR: MALAYSIA attracted RM32.9 billion in foreign direct investments (FDIs) last year, the highest ever recorded, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed yesterday.

The manufacturing sector accounted for the largest share of FDIs, which increased by 12.3 per cent from RM29.3 billion in 2010.

“Just like our total trade performance for last year, 72 per cent of the FDIs came from Asian countries,” he said at the Malaysian Investment Development Authority (Mida) annual media conference.

Last week, he said the country’s total trade for last year was RM1.269 trillion, the highest ever, which was underpinned by inter-Asian trade.

He said Malaysia had done reasonably well, considering the challenging external environment, and had exceeded its investment target.

For the first time, Mida’s statistics captured the total investments approved in the manufacturing, services and primary sectors, which showed a 40.7 per cent rise to RM105.6 billion from 4,368 projects last year. The primary sector, comprising agriculture, mining and plantation, and commodities sub-sectors were previously not included in Mida’s total investment figures. Mustapa said the surge in investment figures showed investors’ confidence in the country.

“It also indicates that Malaysia is on track to attaining the investment targets set under the Economic Transformation Programme by 2020.” Domestic investments accounted for 55.4 per cent of total approved investments.
Sarawak attracted the highest amount of approved investments at RM14.35 billion, followed by Penang (RM14.04 billion),

Sabah (RM13.68 billion) and Selangor (RM13.47 billion). He said domestic investors played an important role and were as active as their foreign counterparts in private investments. The manufacturing sector continued to be a significant source of growth. Of the total investments approved for the sector, RM34.2 billion, or 61 per cent, were by foreign investments in new projects.

Japan led the pack of foreign investors with investments totalling RM10.1 billion, followed by South Korea (RM5.2 billion), the United States (RM2.5 billion), Singapore (RM2.5 billion) and Saudi Arabia (RM2.2 billion).

On the performance of the states in terms of the number of projects approved, Mustapa said Selangor, Johor and Penang topped the list with 263 projects, 188 projects and 109 projects. By value of investments, Penang was first with RM9.1 billion, followed by Selangor (RM8.7 billion), Sarawak (RM8.5 billion), Johor (RM6.6 billion) and Kedah (RM6.1 billion).

“Penang, Malaysia’s Silicon Valley, has done well not only for the past one to two years, but for the last 30-odd years, due to the strong support of the Federal Government, which continues to spend money to improve its infrastructure with a new bridge and airport.”

The Northern Corridor Economic Region registered the largest number of investments in projects with RM15.3 billion of approved manufacturing licences, followed by Sarawak Corridor of Renewable Energy (RM8.2 billion), Iskandar Malaysia (RM5.7 billion), East Coast Economic Region (RM4.6 billion) and Sabah Development Corridor (RM900 million).

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月月 says:

黄家定月薪2万,三美2万7千
政府今年耗36万委任中印特使

给个年薪24万和32万4,再加上每个月几十万的酒店机票宴会(看看恹恹和鸡哥),再搞个亿亿声的大计划,子孙十八代不发都几难。搞搞下搞搞下剩下的就像PKFZ和新山200亿笑话乐园一样,人民的钱就是这样不断的拿来喂这些大白鲨!

niceguy says:

All sorts of corridors & zones, but what’s happening in Perak? Retirement zone?

As for migrant workers, it would be timely for housing developers to consider building hostels; and legislation to ensure that there are proper workers’ accommodations before letting companies hire them.

It is only when there are regulations that foreign workers are rightly and fairly treated with proper housing quarters (with ample space for R&R), will the true costs of hiring foreign workers be revealed.

As it is now in most of the cases, it is the local community that bears the health and social issues associated with crammed, crowded and unsanitary quarters in their midst; not the companies’ bosses.

(Proper housing quarters in an exclusive area or taman would also separate out those workers without legal documentation.)

rayson says:

unfortunately 99% of malaysians do not know how to ask questions and therefore accept anything bn has to say, i.e. not full truth.