Press statement by Teresa Kok, Selangor State Senior EXCO for Investment, Industry & Trade and MP for Seputeh issued on 9 June 2010 in Shah Alam
Selangor achieves total capital investment of RM1.5 billion in 1st quarter of 2010, the highest number of approved industrial projects (63) and the highest number of potential jobs created (3,792)
MIDA’s latest data on investment in Malaysia reveal that Selangor has achieved an impressive RM1.5 billion in total capital investment for the 1st quarter of 2010.
Highest number of approved manufacturing projects
Selangor continues to lead the country with the highest number of approved manufacturing projects with 63 projects – 33 of them new, 30 of them expansion projects – accounting for 37% of the whole of Malaysia. Selangor is followed by Johor with 34 projects and Penang with 20 projects.
Highest number of jobs created
To top it off, Selangor continues to lead the country with the highest number of employment opportunities created with 3,792 jobs.
Domestic investment significant
Of the RM1.5 billion total capital investment in Selangor, 52% (RM785 million) comes from domestic investors while 48% (RM716 million) comes from foreign investors. This shows that domestic investment remains important to Selangor state and that domestic investors in turn, continue to have confidence in Selangor as a great place to set up their manufacturing operations.
Selangor remains the best choice for investors
All the above data point to the fact that Selangor remains the most attractive destination for investors.
Teresa and team, just divert from the issue on Selangor. I appreciate you and your team great work. This is with regard to the 10MP.
Our PeeeM can have the best economic plan in the whole world. He can have 10 or for that matter 100MPs. But if you have lazy, leechlike and racialistic dickheads like those in Perkasa, Gertak, Ngos, it will never never ever going to work. I bet my last cent on this. End of the day its just talk and talk again and again.
Just take a look at China, Korea, Vietnam, Indonesia to mention a few. You never heard of their prime ministers boosting of their economic plans to the whole world. They just implement to their best ability. And they have achieved tremendous economic success since while we are going down.