NSTnation Mukhriz: Starting the new year with China's investment is good sign
"Investments from China's businesses are starting to pour in and that will open up job opportunities for the local people," he said at a signing ceremony between Zhejiang Element Holding Co Ltd, Invest Kedag Bhd and Genting Ehsan Sdn Bhd at Wisma Darulaman today.
The three-way memorandun of understanding involves an investment of RM1.6 billion to spearhead a sustainable logging industry at Bukit Selambay Industrial Zone in Sungai Petani. Zhejiang Element has been heavily involved in the wood based industry in China and will open up a factory to make floor boards, build a sustainable paper factory using recycled products and grow an eucalyptus farm. This will generate more wood-based local products for export.
"I am happy that local companies have been chosen as strategic partners and this will result in the sharing of technical know how and technology transfer. "More local jobs will be created and the spillover effects from this investment should encourage locals and businesses in Kedah to generate more income," he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US confirms first case of China virus as death toll reaches sixWASHINGTON/BEIJING: The United States on Tuesday announced its first case of a new virus that has claimed six lives in China and sickened hundreds, joining countries around the world in ramping up measures to block its spread.
Read more »
US, Taiwan confirm China virus cases as death toll hits 6The coronavirus has caused alarm because of its genetic similarities to SARS. FMTNews SARS
Read more »
China virus spreads to US, curbing travel plans and spooking marketsThe virus struck as millions of Chinese prepared to travel for the Lunar New Year, heightening contagion risks.
Read more »
US invites China to join Russia in nuclear talksWashington and Moscow have held 2 rounds of talks on arms security issues. FMTNews NuclearTalks
Read more »
China warns virus may spread as death toll hits 9BEIJING: China warned Wednesday that a SARS-like virus could mutate and spread as the death toll rose to nine and the number of cases reached 440 acro...
Read more »
Health officials confirm first US case of China coronavirus, expand screening | Malay MailWASHINGTON, Jan 22 — A US resident who recently travelled to China has been diagnosed with the newly identified coronavirus that has sickened more than 300 people and killed at least six in China, the US Centers for Disease Control and Prevention (CDC) said yesterday. The US patient is responding...
Read more »