Latest news with #RM24.1
BusinessToday
07-06-2025
- Business
- BusinessToday
Negeri Sembilan's Bold Plans As Malaysia's Next Smart Economic Hub
Negeri Sembilan is stepping confidently into the national spotlight with bold plans to become Malaysia's next smart and sustainable economic hub, according to a new report by MIDF Research. The 'Negeri Sembilan – The Next Smart Frontier' , outlined the state's ambitions through Malaysia Vision Valley 2.0 (MVV 2.0), a megaproject spanning 153,000 hectares across Seremban and Port Dickson, designed to anchor growth in high-value industries such as semiconductors, aerospace, biotechnology, and halal manufacturing. Driving Growth with MVV 2.0 MVV 2.0 aims to transform Negeri Sembilan into a high-tech investment hub through a series of strategic zones: Negeri Sembilan High-Tech Industrial Park Aerospace Valley Port Dickson Free Zone and Smart AI Container Port Semiconductor Valley in Senawang Integrated Maritime Hub and Tourism Waterfront Each of these parcels is designed to draw foreign direct investments (FDI), enhance logistics infrastructure, and create high-skilled jobs. Strong FDI Momentum Negeri Sembilan has already attracted RM24.1 billion in foreign investments since 2019, with South Korea, Singapore, France, China, and Taiwan leading the pack. Major projects include: F&N's RM1.8 billion AgriValley in Gemas France's Safran Landing Systems expansion (RM650 million) Semiconductor ventures from Taiwan and South Korea Fast Lane for Investors To accelerate project implementation, Negeri Sembilan launched the 'Fast Lane' initiative, which cuts approval times from 24 to just 14 months. This proactive approach has helped the state become a top FDI destination post-pandemic. Human Capital as a Growth Engine The state is also investing in talent through partnerships between industries and institutions like UiTM and polytechnics. A standout example includes EV companies collaborating with local universities to train job-ready graduates. Negeri Sembilan consistently ranks among the top performers in national education metrics. Digital and Green Development The Negeri Sembilan Digital Economy Blueprint 2027 aims to transition the state into a digital powerhouse. Key plans include: Establishment of Tech Valley in Sendayan Smart agriculture initiatives N9PAY for digital government services Collaboration with Amazon, TikTok, and Tooying for e-commerce On the sustainability front, a 1,400MW gas power plant by Malakoff and numerous solar EPCC projects are set to power the state's green transition. Solar players such as Samaiden, Pekat, and Sunview are expected to benefit from rising demand. Sectoral Growth and Key Beneficiaries Industrial Property & Construction: Developers like Matrix Concepts, Eco World, and Sime Darby Property are positioned to gain from massive industrial developments within MVV 2.0. Gamuda, IJM Corp, and Sunway Construction are also seen as prime beneficiaries of infrastructure and data centre contracts worth up to RM18 billion. Consumer & Halal Sectors: The growth of halal manufacturing zones and logistics hubs directly benefits consumer brands like F&N, Dutch Lady, Farm Fresh, and Tyson Foods. The state's vision to lead Malaysia's halal and dairy supply chains further reinforces this trajectory. Technology: With RM2.75 billion in E&E investments since 2019, the creation of Semiconductor Valley in Senawang is a key pillar under the National Semiconductor Strategy. Samsung SDI's presence affirms the state's role in the global semiconductor supply chain. Logistics & Transportation: Tanco Holdings' AI Smart Port and Port Dickson Free Zone aim to ease congestion at Port Klang and attract maritime traffic. Logistics players such as Tasco and Swift Haulage are expected to benefit from enhanced connectivity and warehousing demand. Plantation: With 36,000+ hectares of oil palm estates, SD Guthrie stands to gain the most from potential land monetisation within MVV zones, offering windfall gains amid the expanding development footprint. Ambitious Long-Term Vision The state's medium-term Negeri Sembilan Development Plan (2021–2025) and long-term Negeri Sembilan Maju 2045 blueprint align with national goals like the New Industrial Master Plan 2030 and SDGs. The goal is to grow GDP by a robust 8.1% CAGR through 2045, backed by urbanisation and industrialisation. Related
Malaysian Reserve
17-05-2025
- Business
- Malaysian Reserve
Short-term rates seen steady next week following BNM's operations
SHORT-TERM interbank rates are expected to stay stable next week, backed by Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity in the financial system. This week, the central bank intervened daily by conducting reverse repo, Islamic reverse repo, as well as overnight reverse repo tenders to reduce excess funds in the financial system. On a Friday-to-Friday basis, surplus liquidity in the conventional system rose to RM33.7 billion from RM26.4 billion at the end of the preceding week. In the Islamic system, surplus liquidity climbed to RM25.9 billion from RM24.1 billion previously. The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of May 15. — BERNAMA
