Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
Malaysia Eyes RM56 Billion Investments In Manufacturing Sector
KUALA LUMPUR, Feb 26 (Bernama) -- Malaysia aims to attract investments worth RM56 billion in the manufacturing sector in 2015, a modest target compared with the RM71.9 billion it received last year.
Minister of International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the manufacturing sector has remained attractive to investors, with approved investments in the sector surging by 38 per cent to RM71.9 billion in 2014 compared with RM52.1 billion in 2013.
For the services sector, excluding real estate, the government expects to attract RM64.5 billion in investments this year, the minister said after revealing the country's Investment Performance Report 2014 here, Thursday.
Despite a challenging external environment this year, Mustapa said he still expects a moderate outlook for the investment climate in Malaysia.
He said currently there are RM65.1 billion worth of on-going projects -- RM51.4 billion in the manufacturing sector and RM13.7 billion in the services sector.
Malaysian Investment Development Authority (MIDA) Chief Executive Officer Datuk Azman Mahmud said the agency will continue to focus on an ecosystem approach to lure investments in the targeted industries.
This includes strengthening the coordination of investment promotion activities, enhancing facilitation of approved investments, and improving the compilation and dissemination of investment statistics.
MIDA is an agency under MITI that overseas and drives investments in the manufacturing and services sectors.
Azman said the government, on its part, will continue to introduce various measures and incentives to enhance Malaysia's competitiveness.