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[Ferro-Alloys.com]The high technology sector in Sarawak has helped locals earn decent income, says Deputy International Trade and Industry Minister Datuk Ahmad Maslan.
“The average salary of a high tech job is about RM1,500, which far exceeds the national minimum wage rate,” he told reporters covering his working visit to X-FAB Sarawak at Silicon Drive, Sama Jaya Industrial Zone here, yesterday.
X-FAB Sarawak is the world’s leading foundry group for analog/mixed signal semiconductor applications. Sixty per cent of their core products are exported to Asia, with 20 per cent each to Europe and the United States.
Their total sales in 2014 and 2015 were both about US$330 million, noted Ahmad.
Meanwhile, Maslan said the top 10 manufacturing companies in Sarawak had investments totalling about RM32 billion.
These 10 firms are Tokuyama Malaysia Sdn Bhd, Malaysia LNG Tiga Sdn Bhd (Petronas), X-FAB Sarawak Sdn Bhd, Press Metal Sarawak Sdn Bhd, Shell MDS (Malaysia) Sdn Bhd, Taiyo Yuden (Sarawak) Sdn Bhd, Om Materials (Sarawak) Sdn Bhd, Comtec Solar International (M) Sdn Bhd, Sun Edison Kuching Sdn Bhd and Pertama Ferro Alloys Sdn Bhd.
On investments, he said Sarawak was second, after Johor, in drawing direct investments into the country. Sarawak registered RM11.8 billion last year.
“Johor received total capital investments worth RM31.1 billion, Selangor came in third with RM7.8 billion, followed by Melaka (RM6.8 billion).
“As such, Sarawak is not left behind in direct investment.”
He believed Sarawak would continue to be the centre of Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) as total capital investment had been increasing from year to year.
“The approved projects in Sarawak in 2013 were worth RM8.276 billion in capital investment. It increased to RM9.64 billion in 2014 and RM11.8 in 2015.
Sarawak, he added, was a choice investment destination due to its conducive environment, infrastructure, cost-effective facilities and amenities, political stability, good employees, and abundant resources.
“Malaysia Investment Development Authority (Mida) expects total investment in Sarawak to continue increasing this year.”
Also present during Maslan’s visit were X-Fab Sarawak chief executive officer (CEO) Mike Young and Mida Sarawak director Redzuan Abd Rahman.
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