Currently, the automotive industry contributes 2.4 percent to Malaysia’s GDP. However, with the implementation of the national automotive policy (NAP), now at its final stage, the automotive industry could contribute six to eight percent to GDP by 2020. Fraser & Neave Holdings, the beverage giant, recorded revenue of RM1.5 billion in 1H12 compared to RM2 billion in 1H11, a 27.7 percent decrease due partly to the withdrawal of coke business. AYS Ventures recorded revenue RM398.1 million, an increase of 13.5 percent for 9M12 as compared to RM350.9 million for 9M11.
Tuesday, May 8, 2012
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