Melaka’s revenue to decline if no new sources of income

May 2, 2019by Admin
https://www.might.org.my/wp-content/uploads/2019/05/IMG_1319-1024x683.jpg

MELAKA, May 2 (Bernama) — Based on the report, “Melaka Sustainability Outlook Diagnostic: Pathway to Urban Sustainability”, the revenue of the state government will experience a decline without new sources of income, said Chief Minister Adly Zahari.

He said new sources of income are badly needed such as in the ports industry and industrial sector to ensure that the issue of income declining and state expenditure involving operations increasing annually does not occur.

He also said Melaka needs to undertake more aggressive development in various existing sectors, namely manufacturing and tourism, alongside new ones such as ports to enhance the state’s revenue in the future.

“Meanwhile, one of the methods to increase the state’s revenue is through more aggressive development as over the past few years in Melaka, progress in the industrial sector for example, has not matched that of housing,” Adly told reporters after launching the report here today.

Also present was Malaysian Industry-Government Group for High Technology (MIGHT) chief executive officer Datuk Dr Mohd Yusoff Sulaiman and Melaka Green Technology Corporation (PHTM) chief executive officer S. Chandru and World Bank urban development analyst, Lincoln L. Lewis.

The report took about two and a half years to compile by MIGHT, PTHM, Global Environment Facility (GEF), the World Bank and the United Nations Industrial Development Organisation (UNIDO).

When tabling the Budget 2019 in November last year, the Melaka state government projected revenue of RM384.29 million, an increase of 2.76 per cent compared to RM373.96 million in 2018.

Adly said the report would become the guideline for the state government to prepare the State Structure Plan Melaka 2035.

At the same time, he said the report is important as it is a document that adds value to Melaka towards the efforts at attracting more investments in the future.

— BERNAMA

Admin

OUR OFFICEGET IN TOUCH
Come and visit our office or simply send us an email anytime you want. We are open to all suggestions from our clients.
MIGHT Partnership Hub, Jalan IMPACT 63000, Cyberjaya, Selangor, Malaysia
SOCIAL MEDIAMIGHT Social Links
Despite the uncertainties due to the COVID-19 pandemic. The marvels of technology enable us to be digitally connected

Copyright © 2021 Malaysian Industry-Government Group for High Technology (MIGHT). All rights reserved.