The Melaka state government will bring up the issue of increasing electricity and gas tariffs to the federal government to help the Recron (Malaysia) Sdn Bhd factory in Tanjung Kling here.
Chief Minister Datuk Seri Idris Haron said this would hopefully help the company which produces raw materials for making clothes continue to be competitive and cost-effective.
He said the company was a producer of raw material for high-end clothes which are exported to more than 65 countries including for brands like Zara as well as Marks and Spencer, and the state government was very proud that Melaka was an important destination for the industry.
"I understand that the management faces some pressure from the increase in electricity and gas tariffs which will result in the company not being able to produce the raw material at the right price and quality.
"The increase in electricity and gas tariffs are not within the state government's control but we will bring up this issue at the federal government level to help them stay on in Melaka," he told reporters after a visit to the factory here Monday.
Also present were the Melaka State Company Affairs, Human Resource and Non-Governmental Organisations Exco Datuk M.S. Mahadevan and Director of Recron (Malaysia) Sdn Bhd, R. Rakesh Gaur.
Idris said his visit to the factory was in view of the fact that it contributed to one third of the world's clothes market.
Last year, Melaka received investments approved by the Malaysian Investment Development Authority amounting to RM1.35 billion with RM675.5 million being foreign investment, while the rest was domestic.
This year, the manufacturing sector is expected to generate about RM13 billion of the state Gross Domestic Product.
- BERNAMA
Bernama
Mon Mar 20 2017
Last year, Melaka received investments approved by the Malaysian Investment Development Authority amounting to RM1.35 billion with RM675.5 million being foreign investment, while the rest was domestic. - Filepic
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.