KUANTAN: Megaprojects which are currently under review by the government does not necessarily mean they will be cancelled. PKR secretary-general Datuk Saifuddin Abdullah (pix) said this included the Malaysia-China Kuantan Industrial Park which was being studied. "This is to ensure that projects which are continued will abide by the laws and regulations set by the government. "Existing projects which have the potential to be continued also have many issues which need improvement," he said. Saifuddin, who is also Indera Mahkota MP, was speaking to reporters when met at a community programme to distribute porridge to the public in Kampung Balok, Jalan Kuantan-Pelabuhan here yesterday. He said mega projects were being reviewed to ensure the profits would benefit the state and local people, as well as attract investors. — Bernama … [Read more...] about Under review mega projects will not necessarily be cancelled: Saifuddin
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‘A very dangerous game’: Anti-China sentiment echoed in Najib’s home state ahead of Malaysian election
KUANTAN, Pahang: For the first time in more than 10 years, Chan Thong Wai managed to cut himself a deal with a big contractor from China. After a year, his construction project is already completed and he is now counting the days until the final payment promised later this month. Then it is over.No more business with China.“I won’t touch it. It’s very difficult. The price is very bad and the payment is very slow,” said the 49-year-old entrepreneur from Kuantan, where a growing presence of China-backed megaprojects splits voters ahead of Malaysia’s fiercest political battle in decades - the 14th general election on May 9.Chan has been waiting to be paid for six months. Yet he counts himself luckier than several businessmen in the state capital of Pahang who never received any payment for their work. Unlike other foreign developers, the 49-year-old supplier said his Chinese client rarely provides documents to guarantee payment for his … [Read more...] about ‘A very dangerous game’: Anti-China sentiment echoed in Najib’s home state ahead of Malaysian election
‘A very dangerous game’: Anti-China sentiment echoed on Malaysia’s east coast ahead of election
KUANTAN, Pahang: For the first time in more than 10 years, Chan Thong Wai managed to cut himself a deal with a big contractor from China. His construction project is already completed and he is now counting the days until the final payment promised later this month. Then it is over.No more business with China.“I won’t touch it. It’s very difficult. The price is very bad and the payment is very slow,” said the 49-year-old entrepreneur from Kuantan, where a growing presence of China-backed megaprojects splits voters ahead of Malaysia’s fiercest political battle in decades - the 14th general election on May 9. Chan has been waiting to be paid for six months. Yet he counts himself luckier than several … [Read more...] about ‘A very dangerous game’: Anti-China sentiment echoed on Malaysia’s east coast ahead of election
Malaysia on right trajectory: Najib
KUALA LUMPUR: Sound policies by the government have put Malaysia on the right track towards becoming an advanced high income nation, said caretaker Prime Minister Datuk Seri Najib Abdul Razak. He said this was evident with the move by the World Bank which had raised its forecast for Malaysia's Gross Domestic Product (GDP) in 2018 to reach 5.4% from 5.2% previously. Najib, who is also Finance Minister, said in 2017, the World Bank revised upwards the country's GDP three times. "Within one year and three months (till March 2018), the World Bank has revised (the forecast) upwards four times. "This proves that we are on the right trajectory," he said at the "Hi-tea with Anak-Anak Pahang in the Klang Valley" event here today. Najib said the World Bank also projected that Malaysia could be categorised under the advanced high income nation by 2022. Meanwhile, the prime minister said the implementation of the high-impact East Coast Rail Link (ECRL) project would definitely give a new breath of … [Read more...] about Malaysia on right trajectory: Najib
Chinese companies invest RM22b in 180 manufacturing projects
KUALA LUMPUR: A total of 180 investment projects from China worth RM22 billion have been approved in the country's manufacturing sector from 2010 to 2017. Deputy International Trade and Industry Minister Datuk Chua Tee Yong said all the projects were expected to generate 38,643 employment opportunities in metal fabrication, non-metal mineral as well as electrical and electronic products. "This cooperation is among the commitment of the government to attract quality investors to provide positive impact to the country especially in offering high-value employment to local residents," he said when replying to a question by Datuk Fauzi Abdul Rahman (PKR-Indera Mahkota) who wanted to know the total investment from China and breakdown according to the types of projects approved and the agreement between Malaysia and China under the Malaysia-China Kuantan Industrial Park (MCKIP). For projects approved under MCKIP, Chua said they involved companies from China investing on a large scale in the … [Read more...] about Chinese companies invest RM22b in 180 manufacturing projects