Posted on by Kit

BN defensive as Penang tops manufacturing investment

By Lee Wei Lian
The Malaysian Insider
Feb 21, 2012

KUALA LUMPUR, Feb 21 — The performance of Pakatan Rakyat controlled states in attracting manufacturing investment prompted a minister today to play up the federal government’s role in their success.

The Ministry of International Trade and Industry released figures today that showed that the federal opposition controlled states of Penang and Selangor had recorded the highest levels of approved manufacturing investment in 2011, at RM9.1 billion and RM8.74 billion respectively.

This is the second year in a row that Penang and Selangor have topped the ranks for approved manufacturing investment and a sharp contrast to 2009 when Sarawak attracted the highest levels of manufacturing investment and Penang came in fourth.

Another Pakatan Rakyat (PR) state, Kedah came in fourth in 2011 with RM6.13 billion, behind Barisan Nasional (BN) controlled Sarawak which was in third place at RM8.45 billion.

The economic performance of PR states is closely watched as many voters and analysts use it as a gauge of whether the coalition is a viable alternative to the ruling BN.

Minister for International Trade and Industry Datuk Seri Mustapa Mohamed said in a media briefing today that Penang had done well since the 1980’s due to strong support from the federal government.

He also said that not all federal opposition controlled states had done well.

“If my (opposition) friends want to say that Penang has done well because it’s ruled by the opposition, what do you say about Kelantan?” said Mustapa.

Kelantan, Mustapa’s home state which is administered by PAS, recorded only RM444 million in approved manufacturing investment last year.

The minister said that the federal government had continued to invest in Penang, including the expansion of the island’s airport and the construction of a second link to the mainland.

“We’re not saying that the state government’s haven’t done anything, but the federal government is working very hard,” he said.

Mustapa added that the federal government had spent large sums of money developing infrastructure in Penang, the Klang Valley and in the Iskandar region in south Johor.

In terms of total investment however, Penang lost out narrowly to Sarawak which received a huge boost from oil and gas investments.

Sarawak attracted some RM14.35 billion in total investment last year, to Penang’s RM14.038 billion

Sabah was third with RM13.68 billion, followed by Selangor at RM13.47 billion and Johor with RM12.64 billion.

Mustapa said that Sabah, Sarawak and Johor were the beneficiaries of huge oil and gas investments with Petronas alone investing RM6.7 billion in Sarawak.

In Johor, it was the huge investment by Dialog in the Pengerang oil terminal that made up the single largest chunk of the state’s investment.

US newswire Bloomberg had in October last year described Penang’s growth into Malaysia’s “biggest economic success” despite the federal government’s focus on Johor and Sarawak, as a boost to PR’s credibility.

It pointed out that under the Najib Administration’s Economic Transformation Programme (ETP), the federal government is promoting RM65.8 billion worth of private sector-led projects for Johor and a mere RM375 million for Penang.

9 Replies to “BN defensive as Penang tops manufacturing investment”

  2. Let PR CONTROL d federal gomen, then rakyat will C more investment in2 all states n experience better n higher standard of living

    Home Ministry stops sale of ‘Where Did I Come From’ book; WHAT lah?
    Bcos d book described d act of sexual intercourse n how d male n female genitalia functioned? WHAT’s NEW?
    Oredi youngsters hv their sex education fr d WIFE-CHEATER 奸夫CSL, Y ban d book?

  3. ///Sarawak attracted some RM14.35 billion in total investment last year, to Penang’s RM14.038 billion

    Sabah was third with RM13.68 billion, followed by Selangor at RM13.47 billion and Johor with RM12.64 billion.///

    Then how come Sarawak and Sabah remain poor, underdeveloped states?

  4. If so…let 13th GE begin la.
    Tell your boss the good news and win back Penang and Selangor..and Kelantan.
    Why keep talking how good and great the government is…where Mustapa knows Najib keep delaying 13th GE.
    Can Mustapa give us the reasons for the delay…when so many good news to tell voters ?

  7. Actually k1980 that is not quite the full modus. The land would be sold to a crony for 7ringgit / sqft and then the crony would later re-sell the land back to the umno gobermen at prevailing market price supposedly for the purposes of certain development. And guess what? Yeah, that same crony will then bare his fangs and take a second bite. He would be given the development project! And for financing? Oh no problem there. The people (via the umno gobermen) would stand as guarantor. So which bank dares to deny him the necessary financing?

    So you see, it’s kinda like a teabag. You dip the same teabag in steaming hot water again and again and again until the tea leaves inside the bag loses all its goodness. The only difference is this: The teabag would then be discarded but the project, if failed (which is usual and must be expected) would be taken over, again, by the people (via the umno gobermen).

    But I must clarify that the above statements by me are not complaints. So dont get me wrong. I recognise and accept ketuanan umnoputra and all the rights and benefits flowing from it. I therefore recognise that umnoputras are entitled to take all the money from us, the people, as they wish.

    All hail jib. ALL HAIL JIB!

  9. Malaysian lawyers are the best in Malaysia you know…

    Shahrizat gets 250 million cow rearing project…

    Zaki and co get 2.2. billion highway contract…

    Daim got of course almost all the contracts….

    If you have got a kid …a lawyer he must be….

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