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Johor manufacturing sector records RM5.71 bil investment in Jan-Sept 2020

Johor manufacturing sector records RM5.71 bil investment in Jan-Sept 2020

29 Nov 2020

Investment in the manufacturing sector in Johor fell to RM5.71 billion for the January to September 2020 period, compared with RM11.455 billion recorded in the same period last year.

State Investment, Entrepreneur Development, Cooperatives and Human Resource committee chairman Mohd Izhar Ahmad said out of the total figure, the foreign investment that was brought in was worth RM3.39 billion, while domestic investment amounted to RM2.32 billion.

“The closure of international borders due to the Covid-19 pandemic has directly impacted severely on the investment sector in the state.

The Covid-19 pandemic has seen even the most conventional industries ­— from events to classroom learning — go online. Technology played a huge role in supporting teaching and learning continuity during the recent lockdowns. And now, it is changing what and how we learn.

“The investment achieved this year dropped by RM5.74 billion when compared with the total investment received for the same period in 2019,” he said at the third meeting of the 14th Johor State Legislative Assembly here today.

Mohd Izhar, who is also the state assemblyman for Larkin, said this when replying to an oral question from Datuk Sharifah Azizah Syed Zain (PN-Penawar) and Ee Chin Li (PH-Tangkak), who asked on the total investment in Johor and the types of investment received this year.

Mohd Izhar said out of the total investment received this year, some RM1.168 billion was investment in transport equipment, RM716.23 million in machinery and equipment, RM661.17 million in electrical and electronics, RM631.61 million in textile and textile products, and RM392.37 million in non-metallic mineral products.

Source: Bernama Posted on : 29 November 2020