Search Articles

Find tips, tools and how-to guides on every aspect of property

Budget 2018 helps to shape the future of NCER


Budget 2018 helps to shape the future of NCER

28 October 2017, Kuala Lumpur – The RM1 billion set aside for Regional Corridor Authorities reaffirmed the importance of regional development while initiatives for the Northern Corridor Economic Region (NCER) is a clear indication of the momentum that has been created under the NCER Blueprint 2.0, says the Northern Corridor Implementation Authority (NCIA) .

Following the Federal Government’s decision to include the whole of Perak into the NCER in 2016, NCIA said it supported the Perak government’s plan to develop Wilayah Perak Selatan (WPS) into a new growth node of the NCER.

Responding to the initiatives announced in Budget 2018, NCIA said it was pleased that infrastructure and connectivity continued to be the nation’s priority as the announcement to upgrade the Langkawi and Penang airports and enhance connectivity between Banting and Taiping would take things to the next level in NCER.

The Bukit Kayu Hitam Special Border Economic Zone (SBEZ) shall complement the various infrastructure and connectivity, as well as border trade initiatives in NCER, transforming Bukit Kayu Hitam into a regional centre for logistics and trading, NCIA said in a statement.

The announcement made in the areas of agriculture and tourism, including the much-awaited declaration of Pangkor as a tax-free island too has given the respective sectors much cause for excitement, in line with NCER’s initiatives to modernise the agriculture sector and promote the economic corridor as a top tourist destination.

In terms of manufacturing, it said NCER recorded a year-on-year growth of 83 per cent in approved manufacturing investments in the first half of 2017, with shift towards Industry 4.0, and was pleased with the focus given in the budget, especially in encouraging small and medium enterprises to embrace the fourth industrial revolution.


Featured image:

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles