logo
Pahang leads East Coast with RM4 bln investments in 1H 2025

Pahang leads East Coast with RM4 bln investments in 1H 2025

The Sun3 days ago
KUANTAN: Pahang has emerged as the top investment destination in the East Coast, securing RM4 billion in realised investments for the first half of 2025.
The figure surpasses Terengganu (RM1.3 billion) and Kelantan (RM1.1 billion), reinforcing the state's economic momentum.
Menteri Besar Datuk Seri Wan Rosdy Wan Ismail highlighted that Pahang also attracted RM3.5 billion in committed investments during the same period, reflecting strong investor confidence.
'Pahang is now a progressive and competitive state, with an estimated RM38.4 billion in high-impact investments expected this year,' he said.
Key sectors driving growth include manufacturing, oil and gas, and tourism. The state's GDP expanded by 5.7% in 2024, outperforming the national average of 5.1%, with a total value of RM68.7 billion. Since 2018, Pahang's GDP has grown by 23%, equivalent to RM13 billion, attributed to sustainable development policies.
Wan Rosdy credited political stability, modern infrastructure, and an efficient investment ecosystem for the progress.
'Pahang 1st Aspiration ensures balanced growth, job creation, and fair wealth distribution,' he added. The state remains committed to enhancing competitiveness and ensuring public benefits from economic advancements. - Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Anwar says will not step down unless proven guilty of misconduct
Anwar says will not step down unless proven guilty of misconduct

Borneo Post

time2 hours ago

  • Borneo Post

Anwar says will not step down unless proven guilty of misconduct

Anwar says he is firm on this and would continue to focus on fulfilling his mandate to develop the people and the nation. – Bernama photo BAYAN LEPAS (July 19): Prime Minister Datuk Seri Anwar Ibrahim today affirmed that he will not resign as demanded by certain quarters, as long as he has not committed any wrongdoing or abused his power. Anwar, who is also Finance Minister, said he is firm on this and would continue to focus on fulfilling his mandate to develop the people and the nation. 'Insya-Allah, I will not step down. If I had stolen public funds and people demand my resignation, then fine. But I did not steal anyone's money. I've been Prime Minister for nearly three years now, and I ask — where have we awarded projects through direct negotiation? All must go through the tender process. 'Use Parliament. Criticise if you must. If the opposition has the numbers, they can table a motion — that's the proper way. Persuade any MP to support you. If I lose, I will step down gracefully. That's the peaceful way,' he said. He was speaking at the groundbreaking ceremony for the Teluk Kumbar Kompleks Madani near here today, which was also attended by Housing and Local Government Minister Nga Kor Ming, Penang Chief Minister Chow Kon Yeow and Penang Island City Council (MBPP) Mayor Datuk A. Rajendran. The Prime Minister, who is on a one-day working visit to Penang , said the Madani government under his leadership is working tirelessly to develop the nation, including addressing the rising cost of living. He noted that various initiatives are being implemented, including raising the minimum wage, providing assistance to poor padi farmers, expanding Technical and Vocational Education and Training (TVET) programmes, increasing affordable housing for the B40 group, and raising civil servants' salaries. Acknowledging that not all issues can be resolved within just three years of leading the government, Anwar said the administration is doing its utmost to support the people while pushing forward Malaysia's development. At the event, Anwar also announced an additional allocation of RM5 million for the development of Penang's Barat Daya district this year. – Bernama anwar ibrahim calls. resignation government parliament

Anwar Firmly Says He Will Not Resign, Determined To Drive National Development
Anwar Firmly Says He Will Not Resign, Determined To Drive National Development

Barnama

time4 hours ago

  • Barnama

Anwar Firmly Says He Will Not Resign, Determined To Drive National Development

GENERAL BAYAN LEPAS (Penang), July 19 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today affirmed that he will not resign as demanded by certain quarters, as long as he has not committed any wrongdoing or abused his power. Anwar, who is also Finance Minister, said he is firm on this and would continue to focus on fulfilling his mandate to develop the people and the nation. 'Insya-Allah, I will not step down. If I had stolen public funds and people demand my resignation, then fine. But I did not steal anyone's money. I've been Prime Minister for nearly three years now, and I ask — where have we awarded projects through direct negotiation? All must go through the tender process. 'Use Parliament. Criticise if you must. If the opposition has the numbers, they can table a motion — that's the proper way. Persuade any MP to support you. If I lose, I will step down gracefully. That's the peaceful way,' he said. He was speaking at the groundbreaking ceremony for the Teluk Kumbar Kompleks MADANI near here today, which was also attended by Housing and Local Government Minister Nga Kor Ming, Penang Chief Minister Chow Kon Yeow and Penang Island City Council (MBPP) Mayor Datuk A. Rajendran. The Prime Minister, who is on a one-day working visit to Penang , said the MADANI government under his leadership is working tirelessly to develop the nation, including addressing the rising cost of living. He noted that various initiatives are being implemented, including raising the minimum wage, providing assistance to poor padi farmers, expanding Technical and Vocational Education and Training (TVET) programmes, increasing affordable housing for the B40 group, and raising civil servants' salaries. Acknowledging that not all issues can be resolved within just three years of leading the government, Anwar said the administration is doing its utmost to support the people while pushing forward Malaysia's development. At the event, Anwar also announced an additional allocation of RM5 million for the development of Penang's Barat Daya district this year.

Rumah Bakat MADANI: Landmark Affordable Housing Project Underscores Govt's Commitment
Rumah Bakat MADANI: Landmark Affordable Housing Project Underscores Govt's Commitment

Barnama

time5 hours ago

  • Barnama

Rumah Bakat MADANI: Landmark Affordable Housing Project Underscores Govt's Commitment

BUTTERWORTH, July 19 (Bernama) -- The Rumah Bakat MADANI initiative, Malaysia's largest affordable housing project to date, symbolises the strong commitment and leadership of the Prime Minister in prioritising the wellbeing of the people and improving access to home ownership. Housing and Local Government Minister Nga Kor Ming said the project will deliver 37,368 housing units, with 6,368 units planned for Seberang Jaya and 31,000 in Batu Kawan. The project is being developed by SkyWorld as the implementing company. 'Under the 12th Malaysia Plan (RMK-12), the government set a target of delivering 500,000 affordable housing units by 2025. As of March 31, a total of 492,360 units have been provided, or 98.5 per cent of the target,' he said. 'Of that total, 179,769 units have been completed, 235,862 are under construction, while 76,729 are in the planning stage,' he added. He was speaking at the groundbreaking and launch ceremony of Rumah Bakat MADANI at Seberang Jaya, today. The event was officiated by Prime Minister Datuk Seri Anwar Ibrahim and attended by Penang Chief Minister Chow Kon Yeow. Nga said the Rumah Bakat MADANI project will consist of 900-square-foot freehold condominiums, priced between RM225,000 and RM420,000. Each unit will be equipped with modern facilities and access to shared amenities, including a swimming pool, gymnasium, sports courts, multipurpose hall, surau, kindergarten, food stalls, a children's playground, a Central Park and a Vertical School. As part of upcoming reforms under the RMK-13, Nga said the Housing and Local Government Ministry and SkyWorld have agreed to implement three key features, including a 10-year construction warranty covering water leakage and plumbing, a fixed maintenance fee of RM0.18 per square foot (equivalent to RM162 per month) and a targeted QLASSIC construction quality score of 85 per cent. Clubhouse facilities such as the gym, pool, and sports courts will operate on a pay-per-use basis, he added.

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