The commodity sector remains the largest net exporter, recording a trade balance of RM100.8 billion last year compared with electrical and electronics RM90.1 billion and petroleum and gas RM36 billion, said the Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong.
In 2017, exports of commodity sector in 2017 recorded the highest peak since 2011 (RM141.1 billion) where total export earnings of commodity products amounted to RM140.3 billion or 15% of Malaysia’s total merchandise export, 14.4% higher than RM122.6 billion in 2016.
As at September 2017, a total of 292 manufacturing projects have been approved in Kelantan with investments worth RM6.48 billion. Majority of these investments or 78% (RM5.04 billion) were from domestic sources, while the rest were from foreign sources. These projects have created over 38,500 job opportunities, mainly in the non-metallic mineral products, electrical & electronic products, wood and wood products, food manufacturing, machinery and equipment and basic metal products.
Kelantan is one of Malaysia’s vibrant destinations for investments, driven mainly in the services and agriculture sectors. Although the state is not usually associated with large scale industrial enterprises, the manufacturing sector continues to play a significant role in the overall state development, particularly in providing jobs and entrepreneurial opportunities towards increasing the living standards of people in Kelantan,” said Arham Abd. Rahman, Executive Director of Investment Promotion, Malaysian Investment Development Authority (MIDA) at MIDA Invest Series: “Unfolding States’ Business Potential” held yesterday at its HQ.
Baiwago Plus Café announced plans to have 15 more outlets by year 2020, bringing the total outlets to 21 at the launch of the Puchong outlet yesterday.
The Puchong outlets marks Baiwago’s sixth outlet and follows a successful pilot project at the café’s Kuchai Lama branch on the adoption of MCash as its exclusive e-wallet partner.