Latest news with #RM843
Barnama
10 hours ago
- Business
- Barnama
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.
New Straits Times
10 hours ago
- Business
- New Straits Times
Kedah secures RM4.2 billion investments in first quarter, says Sanusi
ALOR STAR: Kedah recorded RM4.2 billion in investments in the first quarter of this year, creating more than 1,400 job opportunities, said Menteri Besar Datuk Seri Muhammad Sanusi Md Nor. He said the numbers underscored the state's steady march towards realising its Greater Kedah vision, and showed it was firmly on course to harnessing its full potential and resources for sustainable growth. "Investor confidence, both domestic and foreign, has kept Kedah among Malaysia's top investment destinations. "For the manufacturing sector alone, Kedah booked RM3.9 billion in investments, ranking it third highest in the country," he said in his speech during an investiture at Istana Anak Bukit held in conjunction with sultan of Kedah Sultan Sallehuddin Sultan Badlishah's 83rd birthday celebration. Sanusi expressed confidence that high-value manufacturing would weather global political and economic headwinds, spurred by the expansion of Kulim Hi-Tech Park Phases 4A and 5, the Kulim Industrial Corridor (KIC), as well as emerging industrial clusters, such as Kedah Rubber City (KRC) and the Kedah Science Technology Park (KSTP). "The willingness of investors to choose Kedah is a manifestation of the stability, transparency and effectiveness of our policies. We are thankful for this trust," he said. He said the establishment of The Greater Kedah Secretariat, in strategic collaboration with the State Economic Planning Division, also ensured that all strategic plans and initiatives were systematically monitored and aligned with clear key performance indicators. Sanusi also highlighted the state's accelerating border corridor development, citing the launch of a new logistics hub at the Delapan Special Border Economic Zone (Delapan SBEZ) in Bukit Kayu Hitam. "This facility alone is expected to divert an additional 240,000 TEUs of container traffic from southern Thailand, contributing up to RM843 million a year to Kedah's gross domestic product," he said. To further boost cross-border trade, he said, a new road connecting the Bukit Kayu Hitam ICQS to Thailand's Sadao ICQS is expected to be completed by September. "This strategic link is projected to help raise Malaysia–Thailand two-way trade from RM117 billion in 2023 to RM141 billion by 2027, with Kedah benefiting from the spillover. "This translates to more job opportunities, increased revenue for the state and sustained fiscal health as demonstrated by our revenue collection in 2024 which surpassed projections," he added.
The Sun
11 hours ago
- Business
- The Sun
Kedah records investments totalling RM4.2 billion in 1Q 2025
ALOR SETAR: 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. '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. 'This strategic infrastructure is projected to boost the Malaysia–Thailand bilateral trade from RM117 billion in 2023 to RM141 billion by 2027, benefiting Kedah through increased cross-border economic activities,' he said. Additionally, Muhammad Sanusi said that the state recorded 1.5 million tourist arrivals in 1Q 2025 through ongoing promotional efforts in conjunction with the Visit Kedah Year 2025. 'I am confident that the target of seven million tourists can be achieved through the 170 programmes outlined in the Visit Kedah 2025 calendar of events, including 45 major events that will feature elements of sports, gastronomy, technology, and spirituality,' he added.
The Sun
11 hours ago
- Business
- The Sun
Kedah records investments totalling RM4.2b in 1Q 2025
ALOR SETAR: 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. '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. 'This strategic infrastructure is projected to boost the Malaysia–Thailand bilateral trade from RM117 billion in 2023 to RM141 billion by 2027, benefiting Kedah through increased cross-border economic activities,' he said. Additionally, Muhammad Sanusi said that the state recorded 1.5 million tourist arrivals in 1Q 2025 through ongoing promotional efforts in conjunction with the Visit Kedah Year 2025. 'I am confident that the target of seven million tourists can be achieved through the 170 programmes outlined in the Visit Kedah 2025 calendar of events, including 45 major events that will feature elements of sports, gastronomy, technology, and spirituality,' he added.
