Latest news with #MohdUzir
The Sun
12 hours ago
- Business
- The Sun
Sabak Bernam leads Selangor rice production with RM220 million sales
KLANG: Sabak Bernam has been identified as Selangor's top rice-producing district, contributing over 60 per cent of the state's total rice sales, according to the 2024 Selangor Agricultural Census Interim Report. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin revealed that rice cultivation in Sabak Bernam spans 24,098 hectares, generating RM220.1 million in sales. 'This district also leads in agricultural holdings, with 9,296 out of 37,117 statewide,' he said during the report's launch. The district recorded the largest planted (44,123 hectares) and harvested (43,287 hectares) areas, driving RM1.64 billion in agricultural sales. Statewide data showed 95.6 per cent of holdings are individually owned, predominantly by farmers aged 46 and above (77.3 per cent). Mohd Uzir highlighted concerns over ageing farmers, noting nearly half are above 60. 'The sector relies on tradition and expertise, but attracting youth is critical for sustainability,' he added. The livestock subsector posted RM3.16 billion in sales, while fisheries contributed RM1.39 billion. Aquaculture, including ornamental fish, added RM196.4 million. Selangor Menteri Besar Datuk Seri Amirudin Shari launched the report, attended by state Infrastructure and Agriculture Committee chairman Datuk Izham Hashim. – Bernama
Barnama
12 hours ago
- Business
- Barnama
Sabak Bernam Identified As Selangor's Main Rice-Producing District
GENERAL KLANG, July 29 (Bernama) -- Sabak Bernam has been confirmed as Selangor's primary rice-producing district, based on findings from the 2024 Selangor Agricultural Census Interim Report. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said rice remains the main crop in the district, with a planted area covering 24,098 hectares. 'The value of rice sales recorded in Sabak Bernam alone reached RM220.1 million, representing more than 60 per cent of Selangor's total rice sales,' he said in a statement during the launch of the state-level interim report here today. Mohd Uzir said Sabak Bernam also posted the highest number of agricultural holdings in Selangor, with 9,296 holdings, comprising 9,197 individual and 99 organisational, out of 37,117 recorded statewide. 'It also led in planted and harvested areas at 44,123 and 43,287 hectares respectively, contributing to overall agricultural sales worth RM1.64 billion,' he added. Statewide data showed 95.6 per cent of agricultural holdings were owned by individuals, mostly aged 46 and above (77.3 per cent), with nearly half aged 60 and above, he noted. 'This indicates the sector is still dominated by experienced farmers, underscoring the value of tradition and expertise in sustaining agriculture. However, one key challenge is drawing more youth into the sector to ensure its renewal and competitiveness,' he said. Mohd Uzir said the livestock subsector recorded 2,198 holdings with sales worth RM3.16 billion, while capture fisheries contributed RM1.39 billion from 106,920 tonnes. Aquaculture produced 16,900 tonnes and 372 million fish (ornamental and fry), valued at RM196.4 million. The interim report was launched by Selangor Menteri Besar Datuk Seri Amirudin Shari, with state Infrastructure and Agriculture Committee chairman Datuk Izham Hashim also present.
The Sun
15 hours ago
- Business
- The Sun
Malaysia's GFCF surges 12% to RM352.3 bln in 2024, led by services
KUALA LUMPUR: Malaysia's Gross Fixed Capital Formation (GFCF) recorded double-digit growth of 12.0 per cent to RM352.3 billion in 2024, compared with RM314.5 billion in 2023, driven by strong foreign direct investment inflows and sustained domestic investment growth. The Department of Statistics Malaysia (DOSM), chief statistician Datuk Seri Dr Mohd Uzir Mahidin, said all sectors experienced stronger capital formation in 2024, particularly the services and manufacturing sectors. 'Higher investment in fixed assets within the services sector was mainly propelled by the transportation and storage, as well as the information and communication, and finance, insurance, real estate and business services sub-sectors, which rose by 16.4 per cent and 13.6 per cent, respectively,' he said in a statement today. Additionally, he said the manufacturing sector expanded by 11.8 per cent (2023: 5.4 per cent), led by stonger capital formation in the electrical, electronic and optical products and transport equipment (2024: 15.6 per cent; 2023: 6.5 per cent), followed by petroleum, chemical, rubber and plastic products sub-sectors (2024: 10.4 per cent; 2023: 4.5 per cent). Mohd Uzir said the food, beverages and tobacco sub-sector also increased 10.1 per cent, while the mining and quarrying sector grew by 2.4 per cent, the agriculture sector by 3.1 per cent, and the construction sector by 4.6 per cent. In terms of capital formation by asset type, structures remained the largest component, accounting for 51.5 per cent of the total GFCF (2023: 50.1 per cent), surging by 15.3 per cent compared with the previous year. 'Information and communication technology equipment and other machinery and equipment also recorded double-digit growth of 14.8 per cent, followed by intellectual property products, which grew by 3.1 per cent in 2024,' he added. On GFCF by sector, he said the private sector continued to be the main contributor, with a share of 77.4 per cent, registering a 12.3 per cent growth as compared to the preceding year, while the public sector investment grew by 11.1 per cent, up from 8.5 per cent in 2023 (share: 22.6 per cent). 'The services and manufacturing activities continued to be the main drivers of private sector GFCF. The share of services activities rose to 65.7 per cent (2023: 64.1 per cent). 'Manufacturing activities maintained their position as the second largest contributor with a share of 22.6 per cent, while other activities accounted for 11.7 per cent of the private sector's total GFCF,' said Mohd Uzir. Meanwhile, he noted that public sector GFCF was also primarily driven by services activities, contributing 79.3 per cent, followed by mining and quarrying (10.2 per cent) and manufacturing (9.6 per cent). GFCF remained the second largest component of gross domestic product (GDP), accounting for 21.3 per cent of the total economy. - Bernama
The Sun
a day ago
- Business
- The Sun
Penang remains top exporting state in June, Selangor leading importer
PETALING JAYA: Malaysia's total trade for June 2025 amounted to RM234.9 billion with exports and imports recording RM121.7 billion and RM113.1 billion, respectively, the Department of Statistics Malaysia reported today. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said exports in June decreased RM4.4 billion (-3.5%) compared to the same month of the previous year. The decrease was attributed to lower exports in most states such as Johor (down RM3.3 billion), Sarawak (RM1.8 billion), Kedah (RM1.6 billion), Selangor (RM1.2 billion), Terengganu (RM743 million), FT Kuala Lumpur (RM491.4 million), Pahang (RM312.9 million), FT. Labuan (RM277.3 million), Perak (RM209 million) and Negeri Sembilan (RM54.7 million). However, exports increased in Penang (up RM4.9 billion, Sabah (RM414.3 million), Malacca (RM372 million), Kelantan (RM69.5 million) and Perlis (RM2.9 million). Penang remained as the top exporter with a contribution of 39.5%, followed by Johor 18.6%, Selangor 16.9%, Sarawak 5.3% and FT Kuala Lumpur 4%). Looking at import performance by state, Mohd Uzir said imports in June 2025 increased RM1.4 billion (1.2%) compared to the same month in 2024. The increase was attributed to higher imports in Penang (up RM3.4 billion), Johor (RM1.5 billion), FT Kuala Lumpur (RM890.4 million), Sabah (RM254.5 million), Perak (RM108 million), FT. Labuan (+RM27.8 million) and Kelantan (+RM11.8 million). However, imports decreased in Negeri Sembilan (down RM1.3 billion, Kedah (RM980 million), Malacca (RM954.9 million), Selangor (RM903.4 million),Terengganu (RM246.7 million), Sarawak (RM16.9 million), Pahang (RM753.3 million), Perlis (RM87.2 million). Selangor dominated Malaysia's imports with a share of 24.4%, followed by Johor 24.3%, Penang 23.7%, FT. Kuala Lumpur 8.3% and Kedah 5.4%. Meanwhile the Statistics Department said in a separate statement that Malaysia's export unit value index in June 2025 registered an increase of 2.1% to 151.2 points from 148.0 points in the previous month. Meanwhile, the import unit value index fell 0.4% from 124.8 points to 124.4 points. Malaysia's terms of trade rose by 2.5% month-on-month to 121.5 points in June. Mohd Uzir said the export unit value index's 2.1% increase in June was primarily driven by rises in the indices of miscellaneous manufactured articles (+0.8%), food (+0.3%) and machinery & transport equipment (+0.2%). However, the export volume index dropped by 5.9% in line with the decrease in the indices for manufactured goods (-19.3%), chemicals (-10.3%) and miscellaneous manufactured articles (-5.4%). The seasonally adjusted export volume index dropped by 12% from 166.1 points to 146.1 points. In an annual comparison, the export unit value index and the volume index went down by 0.005% and 3.5% respectively. The import unit value index's 0.4% drop in June was contributed by declines in the indices for mineral fuels (-1.1%), chemicals (-0.5%) and machinery & transport equipment (-0.2%). The import volume index dropped by 9.8% in June compared to the previous month, contributed by decreases in the indices for machinery & transport equipment (-16.4%), food (-13.1%) and manufactured goods (-8.8%). The seasonally adjusted import volume index decreased by 10.8% from 232.8 points to 207.8 points. A year-on-year comparison showed that the unit value index edged down by 4.7% while the volume index edged up by 11.8%. Malaysia's terms of trade soared 2.5% month-on-month to 121.5 points in June, driven by increases in the index of miscellaneous manufactured articles (+0.8%), machinery & transport equipment (+0.4%) and food (+0.3%). In addition, Malaysia's terms of trade rose 4.5% year-on-year from 116.3 points in June of the previous year.
New Straits Times
2 days ago
- Business
- New Straits Times
Median monthly wage for formal sector rises to RM3,000 in Q1 2025
PUTRAJAYA: The median monthly wage for Malaysia's formal sector rose 5.5 per cent to RM3,000 in March 2025, up from RM2,844 a year earlier, according to the Employee Wages Statistics (Formal Sector) Report for the first quarter of 2025, released by the Department of Statistics Malaysia (DOSM) today. In a statement today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase reflects the country's continued economic growth and the impact of the revised minimum wage policy, which has positively influenced the labour market. As of March, he said the formal sector workforce stood at 6.8 million, comprising 55.1 per cent men and 44.9 per cent women. The median wage for male employees remained at RM3,000, while female employees saw a 6.5 per cent increase to RM2,982, compared to a 3.4 per cent rise for men. The highest year-on-year wage growth was recorded among workers under 20, with their median wage rising 13.3 per cent to RM1,700, largely driven by the reimplementation of the minimum wage policy in February. However, a slight drop was observed in the number of workers aged 20 to 24. He added that the mining and quarrying sector posted the highest median wage at RM8,800, although it accounted for just 0.6 per cent of total formal employment. The agriculture sector remained the lowest, with a median wage of RM2,200. Geographically, the Federal Territory of Kuala Lumpur recorded the highest median monthly wage at RM4,445 in March 2025, followed by Selangor at RM3,300. At the other end of the spectrum, Sabah posted a median wage of RM2,000, while Kelantan and Perlis recorded the lowest at RM1,800. Mohd Uzir said 27.4 per cent of Malaysian formal sector workers earned below RM2,000 per month as of March, down 3.8 percentage points from 31.2 per cent in the same month last year. He added that a percentile analysis revealed workers in the bottom 10th percentile earned RM1,700 or less, while those in the top 10th percentile earned at least RM11,000 per month. "This reflects an income gap where the top 10 per cent earn six times more than the bottom 10 per cent," he said. -- BERNAMA
