Floods caused RM933.4mil in losses last year, 24% more than 2023

Floods caused RM933.4mil in losses last year, 24% more than 2023

Kelantan, Terengganu, and Kedah suffered the worst losses in terms of the financial value.

Banjir Kelantan
Two men wading through the floods at Kampung Lati in Pasir Mas, Kelantan, last November. (Bernama pic)
PETALING JAYA:
Malaysia suffered RM933.4 million in flood-related losses in 2024, a 23.5% increase from the RM755.4 million in 2023.

In a statement, the statistics department said following last year’s floods, Kelantan suffered the highest loss in terms of financial value, at RM263 million, followed by Kedah (RM193.7 million) and Terengganu (RM182 million).

It added that the highest losses in terms of the damage caused were in housing, at RM372.2 million, followed by public assets and infrastructure (RM303.4 million), and agriculture (RM185.2 million).

Business losses cost RM54.1 million, vehicle damages amounted to RM17.3 million, while the manufacturing sector was impacted the least at RM1.2 million in losses.

“These figures highlight the economic risks associated with recurring floods and the need to enhance resilience,” Chief Statistician Uzir Mahidin said.

“Moving forward, reinforcing infrastructure, improving flood defences, and optimising resource allocation will be key to safeguarding long-term economic resilience and stability,” he said.

Uzir added the department found that 65% of flood victims received aid within 48 hours and 45% stockpiled daily necessities in preparation for the disaster.

Around 17% had flood insurance while 25% took no preparatory measures, leaving them vulnerable to future floods.

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