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Johor Economy Will Continue To Strengthen, Says MB

[ 02-03-2016 ]
Johor Economy Will Continue To Strengthen, Says MB
JOHOR BAHARU, March 1 (Bernama) -- Based on macro indicators, the state economy is expected to strengthen further despite the current global economic environment, says Menteri Besar Datuk Seri Mohamed Khaled Nordin.

He said Gross Domestic Product (GDP) grew between 4.5 and 5.5 per cent last year while revenue stood at RM1.549 billion, up 25 per cent, than the initial estimate of RM1.239 billion.

"Johor continued to post surplus for three consecutive years from 2013 and as at Dec 31, 2015 our reserves amounted to RM2.63 billion," he said at Exco Away Day 2016 programme here today.

He also said Johor continued to secure the largest investment in the manufacturing sector for three consecutive years.

As at end-September 2015, investments in the manufacturing sector totalled RM30 billion.

As for state-owned conglomerate, Johor Corporation, Mohamed Khaled said the group continued to excel with revenue remaining above the RM4.5 billion mark.

"For 2014 and 2015, the group managed to contribute RM11.6 million to the state's coffer, respectively," he added.

-- BERNAMA