Madani Rahmah sales alloation doubles to RM600m

3 days ago

The allocation for the Madani Rahmah Sales programme has been doubled to RM600 million this year, said Prime Minister Anwar Ibrahim.
He said this would enable more frequent sales and an expanded number of locations across all 600 state constituencies.
'This also includes...

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Two Foreign Investment Projects Underway After Spate Of Trade Missions

BusinessToday

2 hours ago

BusinessToday

Two Foreign Investment Projects Underway After Spate Of Trade Missions

Two foreign investment projects announced during the government's trade and investment missions abroad have now begun, refuting claims Prime Minister Datuk Seri Anwar Ibrahim's official visits abroad are fruitless. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said Gul Technologies, a company announced during the trade and investment mission to China last year, is currently building its factory in Kulim, Kedah, with an investment of RM350 million for Phase 1. He said the project is set to create 350 jobs for locals. 'What is interesting is that this company is collaborating with Kulim Advanced Technologies Sdn Bhd, a subsidiary of Kulim Hi-Tech Park Corporation Sdn Bhd, which is responsible for training young talents. 'Through this collaboration, the company will employ 100 local technicians who will be sent to China for training,' said Tengku Zafrul in a post on X today. Meanwhile, another company, EDA, which was announced during the trade and investment mission to Italy last year, has started an investment worth RM100 million in Jasin, Melaka. 'EDA also has 150 vendors among local companies. This means EDA is not only creating jobs at their facilities, but also supporting Malaysian workers in 150 local companies,' he said. These two projects are among the 2,198 manufacturing projects that have been approved throughout the Madani Government's administration from 2023 to the first quarter of this year. The minister said that of that total, 1,849 projects, or 84.2 per cent, have been implemented as of July. Related

[UPDATED] Anwar rejects 'gimmick' claims, says thousands of projects rolled out

New Straits Times

2 hours ago

New Straits Times

[UPDATED] Anwar rejects 'gimmick' claims, says thousands of projects rolled out

PUTRAJAYA: A total of 86.4 per cent of more than 3,000 projects approved between 2022 and now have been successfully implemented, refuting allegations that the government's investment initiatives are mere gimmicks. Prime Minister Datuk Seri Anwar Ibrahim said the implementation rate proves the government's commitment to ensuring that every announced investment translates into tangible outcomes on the ground. "Of the 3,494 projects approved since 2022, 3,095 have commenced operations, achieving an implementation rate of 86.4 per cent. "Some claim that billions in investments show no results. This is the proof, the projects are up and running. "For 2023 alone, the implementation rate was 90.6 per cent, while in 2024 it was 79.2 per cent. For the first quarter of 2025, 49.8 per cent of new projects are in progress," he said during the Prime Minister's Department monthly assembly. Anwar said the approved investments are largely concentrated in the manufacturing sector, particularly involving digital and green technologies, which are among the key drivers of future economic growth. "I have informed the Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz, to continue detailing the locations and implementation status of these projects, whether in Kulim Hi-Tech, Johor, Sarawak, Sabah, the Klang Valley, or Kuala Lumpur. "These are not empty figures. They involve actual operations, real factories, and real job opportunities," he said. In a related development, Anwar said the Invest Malaysia Facilitation Centre (IMFC), established under Miti, has so far received 28,166 investment project applications, with a resolution rate of 99.9 per cent. "This is something I have announced, and the machinery behind it is the civil service. When implementation is swift and effective, we must acknowledge it. "If there are one or two complaints, that is normal, but do not paint a picture as if nothing at all is being done," he said.

The Star

6 hours ago

The Star

The RM2.5bil giveaway that Malaysia cannot afford

When Prime Minister Datuk Seri Anwar Ibrahim delivered his 'Penghargaan Untuk Rakyat' speech on 23 July 2025, he painted a confident picture of Malaysia's economic trajectory. Growth stood at 4.4% for the first quarter of 2025 with expectations of 4.5% in the second. The ringgit had strengthened against the US dollar, climbing to RM4.23/USD. Malaysia rose by 11 spots to 23rd place in the World Competitiveness Index and total approved investments reached a record RM384bil last year. However, beyond the headline figures lies a more complex and fragile reality. Analysts have pointed out that Q1 growth underperformed market expectations. Exports remain uneven. Domestic consumption is cooling and Bank Negara's recent rate cut reflects the underlying weakness that persists despite upbeat official messaging.