PERAK DRAWS OVER RM3 BLN IN INVESTMENTS FROM JAN-JUNE 2024 

IPOH, Dec 2 (Bernama) -- Perak recorded impressive investment performance from January to June this year, with total investments amounting to RM3.04 billion across 166 projects, the State Assembly was told today.

State Tourism, Industry, Investment and Corridor Development Committee chairman, Loh Sze Yee said out of the total, RM2.85 billion came from domestic investments, while RM184.2 million was from foreign investments.

He said the manufacturing sector contributed RM601.5 million from 30 projects (RM457.3 million in domestic investments and RM144.2 million in foreign investments), while the services sector accounted for RM2.44 billion from 136 projects (RM2.40 billion in domestic investments and RM40.0 million in foreign investments).

"These investments (in these sectors) are expected to create 1,560 job opportunities, with 1,249 jobs in the manufacturing sector and 311 jobs in the services sector," he said during the question-and-answer session.

Loh (PH-Jalong) was replying to a question from Ong Seng Guan (PH-Pokok Assam), who inquired about Perak's investment performance, particularly in the industrial sector in Taiping this year.

Meanwhile, Loh noted that in Taiping alone, approved investments during the same period totalled RM272.7 million, comprising RM112.3 million in domestic investments and RM160.4 million in foreign investments.

"These projects, managed under the Malaysian Investment Development Authority (MIDA), include 17 projects that are expected to create 277 job opportunities," he added.

-- BERNAMA