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2 clusters · 4 sources · 6 days · First seen · Last updated

Malaysian government investment and development activities

Overview

Prime Minister Datuk Seri Anwar Ibrahim has addressed financial outcomes regarding international investments and domestic development. He acknowledged that the initial investment in the Battersea Power Station redevelopment in London was too high, leading to losses for a Malaysian consortium that has invested over £5 billion. In response, Anwar emphasized the necessity for more rigorous scrutiny of overseas investments and noted mandates for government-linked companies to increase domestic investment allocations.

Domestically, Anwar announced several large-scale development projects for Kelantan. These include a RM250 million allocation for the Kota Bharu Sentral Integrated Bus Terminal, funding for Islamic educational institutions, and improvements to dialysis facilities and mosque utilities. Additionally, approval was granted for robotic surgery technology at the USM Specialist Hospital in Kubang Kerian.

Entities

Anwar Ibrahim · Kelantan · Sime Darby Property Bhd · USM Specialist Hospital · Kota Bharu Sentral

Timeline

  1. [POLITICS] 2 sources
    Anwar Ibrahim announces major development projects for Kelantan

    Prime Minister Anwar Ibrahim announced RM250 million for the Kota Bharu Sentral bus terminal and various allocations for healthcare, education, and religious institutions in Kelantan.

  2. [BUSINESS] 2 sources
    Anwar Ibrahim addresses losses in Battersea Power Station investment

    Prime Minister Anwar Ibrahim admitted that the high initial cost of the Battersea Power Station project in London led to losses, prompting calls for stricter scrutiny of overseas investments.

Sources

kelantandaily.com · malaysiatribune.news · sayangsabah.com.my · utusan.com.my