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Selangor reserves rise to RM3.62 billion

31 Oct 2016, 2:33 AM
Selangor reserves rise to RM3.62 billion

SHAH ALAM, OCT 31: As of October 14, 2016, Selangor’s reserves rose to RM3.62 billion from RM3.26 billion last year.

Dato’ Menteri Besar, Dato’ Seri Mohamed Azmin Ali said that he State Government recorded a strong financial performance with a surplus amount of RM351.38 million.

“In 2015, Selangor reserves increase to 1.8% or RM57.7 million, compared to 2014,” he said.

“We are grateful that up till October 14, 2016, the state recorded a financial surplus of RM 351.38 million.”

Until June 2016, Selangor registered a total investment of RM3.04 billion from 130 approved projects.

“Negeri Selangor remains as the main GDP contributor with an increase of 22.6%,” Mohamed Azmin said.

He said this during the presentation of the State Budget for 2017 on October 31.

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Media Selangor Sdn Bhd (MSSB), a subsidiary of Menteri Besar Selangor Incorporated (MBI), is the official media agency of the Selangor State Government. In addition to the Media Selangor news portal (formerly known as Selangorkini & Selangor Journal), Media Selangor also publishes newspapers in Mandarin, Tamil, and English.