Tuesday, April 19, 2011

PM unveils seven new ETP projects worth over RM11bil

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak unveiled seven all-new projects Tuesday to further strengthen the continued interest of investors in the Economic Transformation Programme (ETP), which has to date garnered RM106.4bil in investments, RM153.8bil in Gross National Income (GNI) and 298,865 new jobs.

The 72 projects within 54 Entry Point Projects (EPPs) announced to date means that 41.2% of the 131 EPPs have commenced, all in less than six months since the ETP was launched.

"Now, that is big results fast," he said when announcing the latest investment projects. Among the latest projects are Infineon Technologies' RM480mil investment to expand and upgrade its facilities in Malacca; Pensonic Holdings Sdn Bhd's establishment of a manufacturing hub and international distribution network in Penang, involving an investment of RM250mil; RM45mil for Radio Frequency Identification (RFID) infrastructure to enhance the efficiency of container clearance at Customs checkpoints;

MYLED MASTER Sdn Bhd expanding its manufacturing capability in the green technology sector; Asia Media's RM500mil investment to develope the first Digital Live Transit-TV Broadcasting infrastructure in Malaysia; a RM50mil Government initiative headed by Tricubes Bhd to provide a unique and official email account and identification for all Malaysia; and the International Islamic University Malaysia spearheading an initiative to develop and position Malaysia as one of the world's leading Islamic finance education hubs. - Bernama


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