Malaysia in Numbers @ 9 Aug 2022

Former PM Najib Razak declared assets of RM4.49 mil to the High Court in his SRC International Sdn Bhd trial.

GE15 is expected to cost RM1 bil, double the amount of RM500 mil spent in 2018. 21.1 mil voters are eligible to vote, 41.6% higher than previous election due to Undi18.

Subcontracting for 2 packages has cost the littoral combat ship (LCS) project to ballooned by 3x from RM397 mil to RM1.185 bil.

ZERO/NADA/KOSONG LCS ships were completed and yet the government has paid RM6.08 bil.

The cost to upgrade and repair Parliament has ballooned by more than RM100 mil from RM520 mil to RM626.1 mil. Started in 2011, the project is estimated to be completed in 2016 but now will only be completed in 2025.

Proton X50 became the best-selling vehicle in Malaysia in July with 4,763 units sold, first time for a SUV to do so.

Khazanah Nasional made more than 54x return on its investment in Farm Fresh Bhd, turning RM20 mil into RM1.09 bil.

The 51km long MRT3 is expected to cost RM50.2 bil (approximately RM1 bil per km).

eWallet operator TNG Digital Sdn Bhd raised RM750 mil in new funding from Lazada and Touch ‘n Go Sdn Bhd.

Putrajaya has allocated RM216 mil to compensate Orang Asli residents affected by the hydroelectric Nenggiri Dam project that has affected 1,115 residents.

PM Ismail Sabri allocates RM1 mil to promote silat internationally.

Government aims to have 4,536 tonnes of chicken buffer stock by year end, enough for 1 week’s supply based on consumption of 1.8 mil birds a day.

Malaysian glove industry suffered losses of RM1.8 bil from 2020 to 2022 due to the US Customs and Border Protection (CBP) sanctions on 6 glove companies over debt bondage and excessive overtime of foreign labour

 RM145 bil has been withdrawn from EPF through the 4 Covid-related withdrawal programmes. A pension crisis is brewing in the country as 52% (6.62 mil) of the 12.78 mil EPF members below 55 years old have savings less than RM10,000.