50% drop in investments due to pandemic


ISKANDAR PUTERI: The closure of international borders due to the Covid-19 pandemic has caused Johor to suffer a RM5.74bil decline in investments this year compared to last year.

Johor investment, cooperatives, entrepreneurship development and human resource committee chairman Datuk Mohd Izhar Ahmad said that between January and September this year, the state government received a total of RM5.71bil in investments from the manufacturing and industrial sector, 50.1% less than in 2019.

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