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NEWS ADMIN

DATE

27/08/2019

NEWS PROVIDER

Mohd Nasir Ismail

NEWS SOURCE

New Straits Times

CATEGORY

HEADLINE

Negri recorded 103pc rise in investments last year
New Straits Times (26/08/2019) - SEREMBAN: Negri Sembilan recorded RM2.68 billion in investments last year.

This represents a 103 per cent increase from RM1.41 billion in 2017.

The manufacturing sector topped the list at RM2.43 billion last year, showing a 119 per cent increase from RM1.11 billion achieved in the previous year.

State Investment, Industrial, Entrepreneurship, Education and Human Capital Committee chairman Dr Mohamad Rafie Ab Malek said investments totalling RM430 million was recorded in the services sector last year, compared with RM303 million in 2017.

“The NS Corporation (state investment arm) will play its role by focusing on promoting investment in Negri Sembilan based on the planned development.

“It will also look into potential investments that will create jobs and increase income,” he said when responding to a question from Datuk Seri Mohamad Hasan (BN-Rantau) at the 14th State Legislative Assembly, here, today.

Meanwhile, Dr Mohamad Rafie (PH-Ampangan), said that for the updated Malaysia Vision Valley 2.0 (MVV 2.0) development plans, NS Corporation would act as a central agency with developers to ensure MVV 2.0’s implementation as a development catalyst.

He also said that the state government had implemented various initiatives to address the current economic situation, especially by assisting farmers affected by the fall in commodity prices.

Assistance provided by the Rubber Industry Smallholders Development Authority (Risda) this year amounted to RM9.92 million.

This includes RM5.89 million for the Rubber Planting Project, RM2.038 million for the Agricultural Infrastructure Project, RM900,000 for the Additional Economic Activity Entrepreneurship and RM1.09 million for Product Improvement and Marketing programmes.

“The Malaysian Palm Oil Board (MPOB) has increased the use of palm oil in the country as a short-term measure to boost palm oil prices.

“The long-term measures include strengthening the existing export market and penetrating new markets, enhancing research and development (R&D) activities and making the Malaysian Sustainable Palm Oil Certification Programme (MSPO) mandatory in December 2019,” he said.

Read more at https://www.nst.com.my/news/nation/2019/08/516139/negri-recorded-103pc-rise-investments-last-year