Sarawak saw $1b investment in Jan, Feb

sarawak-state-assembly-buildingSarawak attracted around $1 billion in investment in the first two months of 2013, the highest among the states in Malaysia, according to the state’s Minister of Industrial Development Datuk Amar Awang Tengah Ali Hassan.

From the figure, $948 million were foreign investment and the rest domestic, he said.

“According to Malaysian Investment Development Authority, the investment flowing into Sarawak in January and February 2013 was the highest, followed by Perak ($123 million), Selangor ($120 million) and Penang ($115 million),” Tengah said at the opening of a programme on opportunities in commerce and industry at the civic centre in Kuching on May 1.

“This shows that the government, particularly the state government, is in the right track to attract more investment. This must be continued to ensure we are on the path to be an advanced state,” he said.

Of the overall investments in the state, the Sarawak Corridor of Renewable Energy (SCORE) had so far recorded $7,86 billion worth of investment.

“It is notable to note also that about 21 per cent of the investment in SCORE comes from domestic investors. This shows that SCORE attracts not only foreigners but also local investors including small and medium enterprises,” Tengah said.

 



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Sarawak attracted around $1 billion in investment in the first two months of 2013, the highest among the states in Malaysia, according to the state's Minister of Industrial Development Datuk Amar Awang Tengah Ali Hassan. From the figure, $948 million were foreign investment and the rest domestic, he said. “According to Malaysian Investment Development Authority, the investment flowing into Sarawak in January and February 2013 was the highest, followed by Perak ($123 million), Selangor ($120 million) and Penang ($115 million),” Tengah said at the opening of a programme on opportunities in commerce and industry at the civic centre in Kuching...

sarawak-state-assembly-buildingSarawak attracted around $1 billion in investment in the first two months of 2013, the highest among the states in Malaysia, according to the state’s Minister of Industrial Development Datuk Amar Awang Tengah Ali Hassan.

From the figure, $948 million were foreign investment and the rest domestic, he said.

“According to Malaysian Investment Development Authority, the investment flowing into Sarawak in January and February 2013 was the highest, followed by Perak ($123 million), Selangor ($120 million) and Penang ($115 million),” Tengah said at the opening of a programme on opportunities in commerce and industry at the civic centre in Kuching on May 1.

“This shows that the government, particularly the state government, is in the right track to attract more investment. This must be continued to ensure we are on the path to be an advanced state,” he said.

Of the overall investments in the state, the Sarawak Corridor of Renewable Energy (SCORE) had so far recorded $7,86 billion worth of investment.

“It is notable to note also that about 21 per cent of the investment in SCORE comes from domestic investors. This shows that SCORE attracts not only foreigners but also local investors including small and medium enterprises,” Tengah said.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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