Perak received investments worth RM2.16 billion this year (January to August), the fourth highest in the nation with Johor, Selangor and Pulau Pinang ahead of Perak.
This was revealed by Dato’ Mohd Zahir Abdul Khalid, the Executive Councillor for State Industry, Investment and Corridor Development. Mohd Zahir was optimistic that upcoming mega projects would not only sustain existing investments but also attract foreign investors to channel their funds to Perak.
“We hope with the proposed Kinta Valley gas pipeline project, the new port at Bagan Datoh, the West Coast Expressway and development in southern Perak, investors would be convinced enough.
“We want Perak to remain as the top five major investment recipients in the country,” he told reporters after the 48th anniversary dinner of the Federation of Malaysian Manufacturers (FMM) on Thursday, October 6. This year’s event was held at Casuarina@Meru Hotel, Ipoh.
Earlier, in his speech, Zahir stated that both the public and private sectors needed to cooperate closely to sustain and stimulate economic growth.
“The manufacturing sector is the backbone for any country, that’s why the state government always encourages discussion with the Ministry of International Trade and Industry, Malaysian Investment Development Authority and individuals in the state so that lingering problems could be resolved amicably,” he said.
Present at the media session were Malaysian International Chamber of Commerce and Industry Perak branch chairman, Dato’ Dr Lim Si Boon and Director of Kuala Lumpur Kepong Berhad, Dato’ Lee HauHian.
Meanwhile, Hovid Sdn Bhd received the ASEAN Business Award Malaysia (ABAM) 2016. It was presented by the Chairman of FMM (Perak), Dato’ Gan Tack Kong.
According to Gan, the award was a form of acknowledgement to entrepreneurs who had brought a positive impact to the economic growth of Malaysia.
“It’s also aimed at encouraging a positive business environment in Malaysia and instilling healthy competition especially within the ASEAN economic community.
“Recipients of ABAM 2016 will have the opportunity to compete in the regional-level ASEAN Business Award 2016 to be held in Laos in December,” he added.