Friday, May 30, 2008

Foreign investors confident in Perak - The Star

IPOH: May 30, 2008

Foreign investors have shown confidence in Perak’s Pakatan Rakyat government and the state is now considering investment valued at about RM21.8bil.

State Education, Local Government Housing and Public Transport Committee chairman Nga Kor Ming said investment projects valued at some RM21.1bil had been proposed to the state during the first two months of the new coalition’s administration.

“This is a big encouragement for the government,” he said at a press conference Friday.

Among the projects are a RM16bil investment interest from Qatar’s Gulf Petroleum and a RM1.5bil project from First Solar Incorporation from the United States.

Nga urged other corporations to invest in Perak to contact InvestPerak, a one-stop agency that processes applications of investors.

On whether the Gulf Petroleum investment was the same as announced by the previous Barisan Nasional government, senior executive council member Datuk Ngeh Koo Ham said the Qatar-based oil company wanted to withdraw its investment but the state government had managed to persuade them to stay on.

On the appointment of local councillors in Perak, Nga said the state government had received an overwhelming interest from the public with 2,500 applications made for the 104 posts.

“We are preparing to interview applicants for the selection,” he added.

The state government had announced that one-third of the positions would be from non-governmental organisations and public interest groups while the rest would bee from political parties.

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