Kedah Records Investments Totalling RM4.2 Bln In 1Q 2025
REGION - NORTHERN > NEWS
ALOR SETAR, June 22 (Bernama) -- Kedah recorded RM4.2 billion in investments in the first quarter of this year (1Q 2025), which is expected to generate over 1,400 job opportunities.
Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said the manufacturing sector accounted for the largest share with RM3.9 billion in investments -- the third highest among Malaysian states during the same period.
'The high-value manufacturing sector is expected to continue growing strongly despite the current geopolitical and economic uncertainties.
bootstrap slideshow
'This growth is being driven by the development of Phase 4A and Phase 5 of the Kulim Hi-Tech Park, the Kulim Industrial Corridor, and new industrial areas such as the Kedah Rubber City and the Kedah Science Technology Park,' he said.
He was speaking at the investiture ceremony in conjunction with the 83rd birthday celebration of the Sultan of Kedah, Al-Aminul Karim Sultan Sallehuddin Sultan Badlishah, at Istana Anak Bukit here today.
According to Muhammad Sanusi, investors' willingness to invest in Kedah was a manifestation of the stability, transparency, and effectiveness of the state government's policies.
Meanwhile, he said the development of the Border Town Corridor has shown positive progress, particularly with the opening of the Inland Clearance Depot (ICD), a logistics hub at the Delapan Special Border Economic Zone in Bukit Kayu Hitam.
He said the hub is capable of attracting additional container traffic estimated at 240,000 twenty-foot equivalent units (TEUs) from southern Thailand, potentially contributing up to RM843 million annually to Kedah's gross domestic product.
'This border town development is further supported by the construction of a connecting road between the Bukit Kayu Hitam Immigration, Customs, Quarantine and Security Complex and the Sadao Customs, Immigration and Quarantine Complex in Thailand, which is expected to be completed by September.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BusinessToday
22 minutes ago
- BusinessToday
‘3rd Times The Charm' MITI Minister Drops Hints From Washington
Malaysia and the US have made further strides in resolving ongoing tariff issues during a third high-level meeting held on June 19 between Malaysian trade officials and US Trade Representative Jamieson Greer. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the latest meeting follows earlier discussions in Washington and at the APEC Ministerial Meeting in Jeju, South Korea, centred specifically on tariff-related matters impacting bilateral trade. In a statement shared on X, Tengku Zafrul said the Malaysian delegation emphasised that the dialogue reinforced the importance of finding a 'fair and mutually beneficial' solution. 'Negotiations will continue in a prudent and professional manner for the common good,' Tengku Zafrul added. The talks mark a continued effort to de-escalate trade frictions and enhance economic cooperation, particularly as Malaysia seeks to safeguard its export competitiveness while navigating the global trade landscape. Further discussions are expected as both sides work toward a resolution that supports long-term trade stability. Related
Barnama
36 minutes ago
- Barnama
Perak Records Highest Domestic Tourist Numbers Last Year
IPOH, June 22 (Bernama) -- Perak attracted the highest number of domestic tourists in the country last year, recording 10.2 million visitors, surpassing all other states. State Tourism, Industry, Investment and Corridor Development Committee chairman Loh Sze Yee said the figure was based on the Domestic Tourism Survey 2024 published by the Department of Statistics Malaysia (DOSM) on June 19. He said the number marked a 36.1 per cent increase from the 7.5 million visitors recorded in 2023. 'Perak registered the highest domestic tourist arrivals at 10.2 million, followed by Selangor with 9.6 million and Pahang with 9.5 million. 'Congratulations to all stakeholders—government agencies, local authorities, district offices, NGOs, traders, and the public, for their efforts in making Perak a leading tourism destination,' he said in a statement. According to the report, popular destinations in Perak included Teluk Batik, Lumut Waterfront, Ipoh Night Market, Gunung Lang Recreational Park, and Pangkor Island. The districts with the highest tourist presence were Kinta, Larut and Matang, Manjung, Kuala Kangsar, and Batang Padang. Loh said the increase was also attributed to the success of last year's Visit Perak Year campaign, which saw strong collaboration between the state and federal governments. 'We must keep up this momentum. Last year, only four states, including Melaka, launched state-level tourism campaigns. But with Visit Malaysia Year 2026 approaching, every state will be actively competing to attract visitors,' he added. -- BERNAMA
Barnama
an hour ago
- Barnama
U.S. Action In Iran-Israel Conflict Worsens Situation, Undermines Stability
KUCHING, June 22 (Bernama) -- Interference by major powers such as the United States in the Iran-Israel conflict will only worsen the situation and undermine regional stability as well as the global economy, Prime Minister Datuk Seri Anwar Ibrahim said today. He said the United States' involvement in the conflict could escalate tensions and have a direct impact on key global trade routes such as the Strait of Hormuz. 'Now, with the involvement of external powers, including the United States, the situation will only become more volatile. If the Strait of Hormuz is blocked, it will pose a major problem to the global economy,' he told reporters after a session with the Sarawak Keadilan Leadership Council here.
