logo
Iskandar Malaysia hits record RM41.4b in investments for 2024, says PM Anwar

Iskandar Malaysia hits record RM41.4b in investments for 2024, says PM Anwar

Malay Mail25-04-2025
KUALA LUMPUR, April 25 — Iskandar Malaysia has recorded committed investments totalling RM41.4 billion in 2024, an 11 per cent increase compared to RM37.2 billion in 2023, said Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who is also the Finance Minister, said the value marks the highest achievement since Iskandar Malaysia was established.
Realised investment value reached RM26.7 billion last year.
Foreign investments amounted to RM36.1 billion while domestic investments totalled RM5.3 billion.
'In fact, this achievement proves that investor confidence in Iskandar Malaysia continues to grow,' he said in a post on Facebook yesterday.
Anwar said he was informed of this matter during his chairing of the 34th meeting of the Members of Authority, Iskandar Regional Development Authority (IRDA), yesterday.
In this regard, Anwar emphasised the importance of developing economic corridors such as Iskandar Malaysia to navigate the increasingly challenging and uncertain global economic and trade conditions. — Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Govt to carry out surprise checks on 13MP projects
Govt to carry out surprise checks on 13MP projects

New Straits Times

time10 minutes ago

  • New Straits Times

Govt to carry out surprise checks on 13MP projects

PUTRAJAYA: The government will conduct regular and surprise checks on the implementation of all projects under the 13th Malaysia Plan (13MP). Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar said the Policy Implementation Monitoring System (PPD), mentioned by Prime Minister Datuk Seri Anwar Ibrahim during the 13MP tabling on Aug 1, will be jointly managed by the Finance and Economy Ministries. "We have scheduled reporting, twice a year if I'm not mistaken. "This time, we will ensure everything proceeds as planned since it spans until 2030. "I will personally carry out regular monitoring, surprise checks and project site visits," he told reporters after flagging off the 20th Premier Public Service Assembly (MAPPA XX) Run at Dataran Putrajaya this morning. Also present was Public Service Department director-general Tan Sri Wan Ahmad Dahlan Abdul Aziz. During the 13MP tabling in the Dewan Rakyat, the prime minister said monitoring mechanisms would be strengthened through the PPD system, while the 13MP governance structure would be implemented in stages up to Cabinet reporting. Shamsul Azri also urged civil servants to ensure approved projects are promptly executed. He acknowledged that every project has its own timeline, but warned delays would frustrate the public who are meant to benefit. "Our purpose is to serve the people. We are supposed to make them happy. "So we must carry out development swiftly, without delay and free of bureaucracy," he said. Major 13MP projects include the construction and upgrading of 2,800km of rural roads in Sarawak, Perak and Pahang; a road-to-rail cargo initiative to reduce road accidents; infrastructure projects to strengthen cross-border connectivity and the economy; upgrading of Bukit Kayu Hitam and Rantau Panjang Immigration, Customs, Quarantine and Security (ICQS) complexes and Sabah and Sarawak Customs, Immigration and Quarantine (CIQs); and the construction of one million affordable homes by the federal and state governments and private developers between 2026 and 2035.

'Shameless!' — Netizens slam S'porean who asked why M'sians won't share RON95 subsidy
'Shameless!' — Netizens slam S'porean who asked why M'sians won't share RON95 subsidy

The Sun

time40 minutes ago

  • The Sun

'Shameless!' — Netizens slam S'porean who asked why M'sians won't share RON95 subsidy

WITH RON95 petrol expected to drop to RM1.99 per litre soon, Prime Minister Datuk Seri Anwar Ibrahim has made it clear: the subsidy is strictly for Malaysians. He stressed that foreigners, including Singaporeans, will have to pay the market price — which could go up to RM2.50 per litre — because only Malaysians are taxpayers and should benefit from the government's subsidy initiatives. ALSO READ: 'Honestly quite absurd' - Singaporean criticises those filling up on RON95 in M'sia But not everyone agrees. A Singaporean netizen recently sparked a Threads debate by questioning Malaysia's fuel subsidy policy. 'Question for the Malaysians of Threads. Why are you against Singaporeans and other nationalities (but specifically Singaporeans) buying RON95 petrol? 'It's high quality and affordable. Why not share with your neighbours? In return we share other things. 'Isn't this called the kampung spirit?' he asked. The comment sparked a flurry of responses from both sides of the Causeway. One netizen called markkhng commented: 'I'm Singaporean and I'm embarrassed by this question. It's their oil, their national product, when it's convenient for you only then you pull out 'kampung spirit'.' 'I'm a Singaporean and am against Singaporean and other nationalities buying RON95 petrol. The Malaysia government susidised it for the Malaysian citizens. Get this right: This is the Malaysians' social benefit,' opined. 'Glad to see so many decent comments from Singaporeans. Many know that it's almost (crime) and fuelling up with RON95 here is akin to stealing our dwindling subsidies. We are not as rich as our neighbours. We do rely on each other but come on, this author's 'suggestion' is downright shameless,' fadhilasatoppi wrote.

US tariff cut, regional diplomacy signal Malaysia's return to global relevance under Anwar's leadership, says DAP sec-gen
US tariff cut, regional diplomacy signal Malaysia's return to global relevance under Anwar's leadership, says DAP sec-gen

Malay Mail

time40 minutes ago

  • Malay Mail

US tariff cut, regional diplomacy signal Malaysia's return to global relevance under Anwar's leadership, says DAP sec-gen

KUALA LUMPUR, Aug 2 — Malaysia is carving out a more influential role for the country and for Asean on the world stage, DAP secretary-general Anthony Loke said today. He said the recent reduction of United States tariffs on Malaysian goods from 25 per cent to 19 per cent reflects how the country – and by extension, Asean, which it currently chairs – is regaining its footing globally under the leadership of Prime Minister Datuk Seri Anwar Ibrahim. 'We are working to position ourselves as a 'middle power' while opening new strategic space for Malaysia to rise and advance once again,' Loke said in a statement. He added that Malaysia remains competitive even though it maintains a higher trade surplus with the US compared to its regional peers. 'Our current tariff rate is now on par with other countries in the region,' he noted. The US lowered trade tariffs for Malaysia, Cambodia, Thailand, the Philippines, and Indonesia to 19 per cent on July 31, while Singapore retained its rate at 10 per cent, Brunei at 25 per cent, Laos and Myanmar at 40 per cent. The new rates come into force from August 7. Loke said Malaysia's leadership as this year's Asean chair has also helped the country regain international relevance. He said Putrajaya played a key role in facilitating peace talks between Thailand and Cambodia, and confirmed that Trump would attend the upcoming Asean Summit in Kuala Lumpur. This, Loke said, reflects growing confidence in Malaysia's leadership and diplomatic credibility. He credited Prime Minister Anwar's 'pragmatic, patient and constructive' approach for elevating Malaysia's position in regional security. Under the Madani government, he added, Malaysia has helped steer Asean into becoming a stronger and more cohesive bloc. Loke said Malaysia's diplomatic performance may not always make headlines, but the benefits are real — from easing trade tensions to fostering regional peace. 'The Madani government has not only delivered tangible economic benefits, but also elevated Malaysia's global standing,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store