PM: DRB-HICOM to invest over RM30 bil in Proton City

THE Government has announced a new investment of RM32 bil from DRB-Hicom Bhd to develop the Automotive High-Technology Valley in Proton City, Tanjung Malim, Perak.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the investment from DRB-Hicom would create 370,000 jobs during the development phase and 161,000 during the operational phase.

He said the performance of Government-linked companies and Government-linked investment companies was improving last year.

“For example, Petronas recorded a profit of RM48.6 bil (in 2021) against a loss of RM1.137 bil in 2020.

“The Employees Provident Fund (EPF) distributed a 6.1% dividend while Lembaga Tabung Angkatan Tentera 4.1%. These two dividends are the highest since 2018,” he said, at the winding-up session of the UMNO vice-presidents at the UMNO 2022 General Assembly here today. – March 19, 2022

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