{"id":41311,"date":"2018-07-09T01:48:08","date_gmt":"2018-07-08T17:48:08","guid":{"rendered":"https:\/\/investpenang.gov.my\/penang-recorded-rm1-02b-investments-in-q1-of-2018-says-chief-minister\/"},"modified":"2025-12-03T08:45:12","modified_gmt":"2025-12-03T00:45:12","slug":"penang-recorded-rm1-02b-investments-in-q1-of-2018-says-chief-minister","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/penang-recorded-rm1-02b-investments-in-q1-of-2018-says-chief-minister\/","title":{"rendered":"Penang recorded RM1.02b investments in Q1 of 2018, says chief minister"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Penang recorded RM1.02b investments in Q1 of 2018, says chief minister<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

9 July 2018<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29055″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]BUKIT MERTAJAM, July 7 \u2015 Penang has recorded total investments of RM1.02 billion in the first quarter (Q1) of this year, comprising foreign direct investments (FDI) of RM580 million and domestic investments of RM438 million.<\/p>\n

Chief Minister Chow Kon Yeow said as reported by the Malaysian Investment Development Authority, Penang recorded the highest approved manufacturing FDI among states in Malaysia valued at RM8.5 billion last year.<\/p>\n

\u201cDomestic manufacturing investment also grew 92 per cent year-on-year to reach RM2.3 billion. It is therefore crucial for us to have a strong logistics network and service to support this continuous growth,\u201d he said in his speech at the launch of Integrated Cold Chain Logistics Sdn Bhd\u2019s (ICCL) Phase 5 development by Finance Minister Lim Guan Eng here, today.<\/p>\n

He said logistics was an important and growing industry in Penang with many logistics providers having set up their bases in the state which was largely attributed to the continuous growth of the manufacturing sector.<\/strong><\/p>\n

Chow said the logistics service providers in Penang not only provided support to the local factories and businesses but also acted as third party logistics providers regionally for many countries, as international procurement centres or regional distribution centres.<\/p>\n

Earlier, Lim in his speech said the government was committed to playing an important role in the development and growth of the Asean Economic Community (AEC).<\/p>\n

He said ICCL’s effort to develop the logistics connectivity throughout the Indochina region would directly benefit and facilitate the economic development of the countries involved, thereby supporting the AEC agenda.<\/p>\n

\u201cLogistics support the supply chain management of both upstream and downstream activities, allowing businesses to trade as far as where logistics can connect,\u201d he said.<\/strong><\/p>\n

Established in June 2006, ICCL, an integrated logistics company, offers a full range of logistics services with supply chain management expertise to manufacturers, distributors, food service providers and retailers across Malaysia.<\/p>\n

It is also the largest halal service provider of temperature-controlled distribution services in the country.<\/p>\n

Source: Malay Mail Online<\/a><\/p>\n

Photo Credit: Malay Mail Online[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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