Manufacturing sector investments up 30%, says Johor exco member


Johor Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han. – THOMAS YONG/The Star

ISKANDAR PUTERI: Johor received an investment value totalling RM2.237bil for the manufacturing sector in the first three months of the year.

This was a 30% increase compared with the corresponding period last year, with RM1.705bil was recorded, said investment, trader and consumer affairs committee chairman Lee Ting Han.

He said Johor also recorded RM23mil in investments in the service sector from January to March and the positive trend was thanks to the efforts of previous mentri besar Datuk Hasni Mohammad.

To boost economic recovery, the state government plans to make Johor a southern digital valley through investment in the digital and creative economy and an agro-food hub through investment in agriculture and modern farming, he said.

"Besides that, we plan to look for new opportunities in oil and gas and the related industries, too.

"The state government will also improve the socio-economy of each district based on their respective potential and specialty.

"Among them are Muar as the country's furniture hub and for the Maharani Energy Gateway as well as Johor Baru as an international trade centre," he said in his winding-up speech at the state assembly at Kota Iskandar here on Thursday (June 23).

Lee said through state agency Invest Johor, engagement sessions with government departments, local governments, industry players and investment-related organisations have been conducted to share latest information and solve issues faced by potential investors.

Two of such sessions so far this year involve four districts as the state wants to help any parties that wish to invest in the state, he added.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Van driver gets death sentence for murdering two women
Education Ministry will consider proposals to release SPM results earlier, says Wong
Accelerate pace for AI use in the country, says Anwar
Three Filipinos nabbed for using fake MyKads in Klang
Pau and coffee maker in Ipoh raided for using expired halal certs
Dewan Negara president Mutang Tagal passes away
MH370: Ocean Infinity's proposal to Cabinet in August, says Loke
EC chairman Abdul Ghani retires
Entrepreneur fined RM80,000 for using unauthorised communications equipment
Higher Education Ministry to meet with Australia regarding new policy on student visa

Others Also Read