00:00The latest report from the Malaysian Department of State, DOSEM,
00:04states that the entry of foreign direct investment into Malaysia
00:10has experienced a slight deterioration compared to 2022,
00:16which in 2023 was 40.4 billion,
00:21while in 2022, it was 75.4 billion.
00:26This is a challenge to the development of KG.
00:31My question to the investment prospects targeted in KG is,
00:37what is the government's assessment of the low FDI investment performance
00:43as a challenge that can accelerate the country's efforts to achieve the target
00:50and what steps are planned to overcome it?
00:54Secondly, regarding the implementation of KG,
00:58there is a lot of water use.
01:02For your information,
01:04the Red Hills Basin is dry today.
01:08It is experiencing a huge problem for the fields there.
01:14Damaging the fields there,
01:16even though the 4 billion that was mentioned earlier
01:19is for the long term.
01:21I ask for your assistance
01:25to give immediate instructions to the GPS
01:30to overcome the problem of water use
01:33because we know that the Red Hills Basin is a state field.
01:37Thank you, Mr. Speaker.
01:39Mr. Prime Minister.
01:40Thank you.
01:41Thank you, Mr. President, for your cooperation
01:44to help accelerate the implementation of the KG project
01:50in the Serai and Krian areas.
01:54As we know, the FDI has decreased to 23%,
01:59but the overall investment is high
02:05because it involves an increase in domestic investment.
02:13Therefore, we are not too worried,
02:15especially looking at the first quarter of 2024,
02:21where foreign investment has increased.
02:26I do not have the figures right now,
02:29but it has been announced by the Ministry
02:30that the figure for 2024 is much higher
02:35than what was announced before
02:38and given with the names of companies
02:41and the number of investments.
02:43As for the KG project in particular,
02:46I want to assure you that most of the new investments
02:51require green energy
02:56and the focus on the KG project is only on green energy.
03:01Secondly, regarding the Red Hills Basin,
03:04TPM2 and Minister Petra are here
03:08and there is indeed a plan for the Perak River
03:12to enter the Red Hills Basin
03:15to ensure the supply of water in the Red Hills Basin.
03:19As for Krian,
03:22it is actually the connection from the Red Hills Basin
03:25to Krian and Pulau Pinang.
03:27In terms of the needs,
03:30from the studies mentioned earlier,
03:34it shows that the effort from the Perak River
03:39is up to 1,500 million litres per day.
03:43That means that it meets the needs of the entire Perak,
03:48the north of Perak and the entire Pulau Pinang.
03:50This is why the government agrees with the large financing
03:55but is controlled by the cooperation of PNB,
04:01SMW, Gathrie and the government of Perak.
04:05As for the immediate needs,
04:08I will inform Minister Petra
04:14that if there is any immediate need
04:18to solve the problem in Krian,
04:23we will ensure that it can be implemented.
04:31For more information, visit www.fema.gov
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