Despite lower foreign direct investment (FDI) last year, Putrajaya is not concerned as Malaysia's overall investments have increased, said Prime Minister Datuk Seri Anwar Ibrahim.
According to Anwar, the increased overall investments in the first quarter of this year were due to a surge in domestic investments in Malaysia.
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According to Anwar, the increased overall investments in the first quarter of this year were due to a surge in domestic investments in Malaysia.
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NewsTranscript
00:00The latest report from the Malaysian Department of State, DOSEM,
00:04states that the entry of foreign direct investment into Malaysia
00:10has experienced a slight deterioration compared to 2022,
00:16which in 2023 was 40.4 billion,
00:21while in 2022, it was 75.4 billion.
00:26This is a challenge to the development of KG.
00:31My question to the investment prospects targeted in KG is,
00:37what is the government's assessment of the low FDI investment performance
00:43as a challenge that can accelerate the country's efforts to achieve the target
00:50and what steps are planned to overcome it?
00:54Secondly, regarding the implementation of KG,
00:58there is a lot of water use.
01:02For your information,
01:04the Red Hills Basin is dry today.
01:08It is experiencing a huge problem for the fields there.
01:14Damaging the fields there,
01:16even though the 4 billion that was mentioned earlier
01:19is for the long term.
01:21I ask for your assistance
01:25to give immediate instructions to the GPS
01:30to overcome the problem of water use
01:33because we know that the Red Hills Basin is a state field.
01:37Thank you, Mr. Speaker.
01:39Mr. Prime Minister.
01:40Thank you.
01:41Thank you, Mr. President, for your cooperation
01:44to help accelerate the implementation of the KG project
01:50in the Serai and Krian areas.
01:54As we know, the FDI has decreased to 23%,
01:59but the overall investment is high
02:05because it involves an increase in domestic investment.
02:13Therefore, we are not too worried,
02:15especially looking at the first quarter of 2024,
02:21where foreign investment has increased.
02:26I do not have the figures right now,
02:29but it has been announced by the Ministry
02:30that the figure for 2024 is much higher
02:35than what was announced before
02:38and given with the names of companies
02:41and the number of investments.
02:43As for the KG project in particular,
02:46I want to assure you that most of the new investments
02:51require green energy
02:56and the focus on the KG project is only on green energy.
03:01Secondly, regarding the Red Hills Basin,
03:04TPM2 and Minister Petra are here
03:08and there is indeed a plan for the Perak River
03:12to enter the Red Hills Basin
03:15to ensure the supply of water in the Red Hills Basin.
03:19As for Krian,
03:22it is actually the connection from the Red Hills Basin
03:25to Krian and Pulau Pinang.
03:27In terms of the needs,
03:30from the studies mentioned earlier,
03:34it shows that the effort from the Perak River
03:39is up to 1,500 million litres per day.
03:43That means that it meets the needs of the entire Perak,
03:48the north of Perak and the entire Pulau Pinang.
03:50This is why the government agrees with the large financing
03:55but is controlled by the cooperation of PNB,
04:01SMW, Gathrie and the government of Perak.
04:05As for the immediate needs,
04:08I will inform Minister Petra
04:14that if there is any immediate need
04:18to solve the problem in Krian,
04:23we will ensure that it can be implemented.
04:31For more information, visit www.fema.gov