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It’s estimated 19.4 billion will be used to subsidize petrol, cooking oil, sugar, rice and wheat flour in 2012, but the benefit to poorest Malaysians is limited.
A big pie 75% of subsidies will go to rich and upper middle income groups with high capacity cars, foreigners living in Malaysia, neighboring countries through smuggling and Singapore and Thai driving tourists.
It’s better to distribute coupon or cash to poor people like BR1M than giving out blanket subsidies.
RM2,000 cash for those people with earning below RM 3000 per month only cost the government 8 billion. Price inflation for essential goods due to fuel subsidies cut can be well cushioned with the cash handout.
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).
I have looked into 2012 Muar city map beta 1, it’s still not perfect but is much better than Melaka tourist map.
Kudos to MCA Chris Lee Ching Yong, who is a serious contender for Bakri parliamentary seat. MCA top leaders are suck in the national policies, but its grassroots leaders are easily outdone DAP.
DAP may be wanted to bombard MCA for the “poke-eye” English and English version is limited to introduction and map markings.
There are a number of English grammar errors in the map.
When Malacca felled to the Portugese,….fell should be used when a nation was captured by the enemy.
the Fortaleza Muar the defend…should be “the Fortaleza Muar to defend…
Leisure Activities #133: Fishmen Village should be Fishermen Village.
Landmark #135: The train locomotive is not a replica, it is a real one.
I found an extra spacing due to typesetting error.
Another area for improvement is English version for the briefing of Muar history, economy, places of interest and origin of Muar name should be included for foreign tourists.
The logo for Chris Lee should NOT be there because the map is a state property.
What PR Selangor government has done to promote tourist attractions like Sekinchan? Sekinchan DAP MP has to look for funds from the private donors for tourist map unlike Johor BN government paid for Muar tourist maps.
What Elizabeth Wong is doing in her Selangor shining campaign? Selangor is definitely richer than Johor to fund tourism promotions like printing local tourist map.
Don’t blame me to bombard PR Selangor again, this is another factual example on how suck is suck PR Selangor.
What other tourist product should be installed in Muar?
I think with a floating music fountain in Muar river, tourists and city dwellers can enjoy the spectacular and romantic sunset view and music fountain display from Tanjung Mas and Muar riverbank.
Download Muar city map (1.08 MB) here >>>
Ministry all out to woo tourists
By CHONG CHEE SEONG
THE Tourism Ministry has drawn up an aggressive programme to bring in more tourists this year.
 Chris Lee Ching Yong handing over copies of the Muar City Map to Datuk Seri Dr Ng Yen Yen. Pic courtesy of Nanyang Johor Its Minister, Datuk Seri Dr Ng Yen Yen, said the focus would be on the Japanese, Indian, Middle Eastern and Asian market.
She said a total of 24.78 million tourists visited Malaysia last year, spending more than RM5 billion.
Dr Ng said the ministry expects the number of tourists to increase to 25 million this year, with a total spending of RM6 billion.
Continue reading >> The credit go to MCA Muar for coming out Muar tourist map
Set aside non-bumi, the talented Malays also leaving Malaysia for greener pasture.
Hassan Merican, the one who transformed Petronas into a second most profitable company in the world has joined Singapore Power Limited (SP) in June as its Chairman.
I remember a reputed and caliber former Tenaga CEO (forget his name) also resigned after friction with UMNO cronies and joined foreign MNC.
Why brain drain?
Because UMNO appoints donkeys to run GLCs besides imposing racial policies in the public sector.
 Chinese tourists spent the whole trip taking photos of themselves... I can understand if someone tells me that Malaysia has insufficient supply of English-speaking tour guides, but with about 95% of Malaysian Chinese are enrolling into Chinese primary school, yet China travel companies complained no Mandarin-speaking tour guides to entertain 1,500 Chinese tourists from a cruise ship berthed at Port Klang during this CNY.
This incident has caused Malaysia losing one million ringgit to Thailand.
Malaysia Chinese newspapers are off during CNY, no wonder our Chinese tour guides are also off during CNY.
This is no an isolated case, Kepong Forest Reserve FRIM is also off during weekends and holidays.
This is truly a bad service culture among Malaysians.
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