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  • Approved investments to hit another record high this year — MIDA +

    KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) is optimistic of setting another record high for approved investments in the manufacturing sector this year. Its senior executive director, Strategic Planning and Investment Ecosystem, Datuk Wan Hashim Wan Jusoh said the approved investments in manufacturing as of September 2014 had surpassed the initial target of RM53 billion for this year. He said he was confident that MIDA would continue to attract domestic and foreign investments in the remaining months and expected the full-year 2014 figure to be another record. Last year, the manufacturing sector saw record investments of RM52.1 billion, up Read More
  • State Govt helps non-Muslim bodies +

    KENINGAU: The State government has given RM3.3 million to 44 schools and non-Muslim bodies in the interior this year. Among the recipients were independent schools and national secondary and primary schools, Chinese temples, churches and kindergartens. The presentation was made by Deputy Chief Minister Tan Sri Joseph Pairin Kitingan at SRJKC Yuk Kong di here yesterday. In his speech, Pairin who is also Infrastructure Development Minister said it is an appreciation shown by government to the schools and bodies which have contributed immensely to the wellbeing of the State. He said the allocation would help ease the financial burden of Read More
  • RM975.37 million allocated to replace old, leaking water pipes nationwide: Ongkili +

    KUALA LUMPUR: The government has allocated RM975.37 million to replace old and leaking water pipes throughout the country. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili said based on the data of the 2014 Malaysia Water Industry Guide, there are about 43,390 km of old pipes made of asbestos cement in the country. “The estimated allocation needed to replace all the pipes is RM11 billion and the amount is too large under the development budget,” he said in a written reply to a question by Nga Kor Ming (DAP-Taiping) in Dewan Rakyat here, today. Nga had Read More
  • GST proven to be better, simpler system +

    SEPANGGAR : The goods & service tax (GST) system is proven to be a better, simpler and fairer tax system which will phase out the existing burdensome sales & service tax (SST), said State Secretary Tan Sri Sukarti Wakiman. “Malaysia deserves a better, efficient and fairer tax collection system to strengthen government’s revenue stream which would be channelled to carry out various developmental projects for the benefit of the people,” he said. Sukarti said it is vital for the people to understand that GST is more transparent opposed to SST as consumers knew what type of taxes they were paying while Read More
  • PM: Government Still Studying Structure Of New Fuel Subsidy Rationalisation Scheme +

    DUBAI,-- The government is still in the midst of studying the structure of a new fuel subsidy rationalisation scheme, says Prime Minister Datuk Seri Najib Tun Razak. "It is a bit premature (to disclose) as it is still at 'a request for proposal' stage. As for now, the present system will continue. We will decide when we have the best proposal with a full package," he told Malaysian journalists late Wednesday. Najib was on a three-day working visit to Dubai in conjunction with the 10th World Islamic Economic Forum (WIEF) which ended Thursday. When asked on the timeline, Najib, who Read More
  • Selangor Sultan chairs Conference of Rulers meeting +

    KUALA LUMPUR: Selangor's Sultan Sharafuddin Idris Shah chaired the 236th meeting of the Conference of Rulers at Istana Negara on Wednesday. The meeting was attended by all Malay rulers, except the sultans of Johor and Pahang who sent their representatives, and Yang di-Pertua Negeri. Kelantan was not represented at the meeting. Johor's Sultan Ibrahim Almarhum Sultan Iskandar was represented by the Tunku Temenggong Johor, Tunku Idris Iskandar Sultan Ibrahim, while Pahang's Sultan Ahmad Shah was represented by Tengku Muda Rahman Sultan Ahmad Shah. The rulers and Yang di-Pertua Negeri of Penang, Melaka, Sabah and Sarawak were accompanied to the meeting Read More
  • Stateless kids get ‘special block’ at Menggatal centre +

    KOTA KINABALU: The Federal Welfare Department has set up a temporary block at the holding centre for illegal immigrants in Menggatal, to house stateless children. Welfare Department assistant director for Sabah, Zulkiflie Hassan said that once the Immigration Department has processed the illegal immigrants, the latter would be sent to the holding centre. “At the centre, we will separate the children including the stateless kids from the rest. “The stateless children will be accommodated at the special block,” he said. Speaking to reporters after attending the Welfare Symposium held in conjunction with the 60th anniversary of the Sabah Council of Read More
  • Niro Ceramic Group unveils larger size tiles +

    KOTA KINABALU:Niro Ceramic Group, a tile manufacturing company from Switzerland, has introduced a larger size of tiles which it hopes will cater to housing developers and homeowners. The Group is offering their latest product, Autumn Collection which comes in two series – Travertine and Belleza Porcelana – both series offering four ranges of sizes; 40×80cm, 80×80cm, 120×60cm and 60×60cm. According to its marketing executive officer, Janet Kok, the concept of larger size of tiles is very trending in developed countries in Europe. She said Niro Granite – a company which is based in Malaysia, is introducing the concept because larger tiles tend to Read More
  • Intra-Asean trade grew faster than extra-Asean trade in 1993-2013 +

    BANGKOK:Intra-Asean trade increased at a faster pace, with annual growth rate averaging 10.5 per cent, as compared to either overall Asean trade (by 9.2 per cent) or extra-Asean trade (by 8.9 per cent) during the period 1993-2013. The share of intra-Asean trade in overall Asean trade has been on an increasing trend starting from 19.2 per cent in 1993 to 22 per cent in 2000 and 24.2 per cent in 2013, and accounted for 25 per cent of the region’s total GDP in 2013, according to Asean Community in Figures (ACIF) Special Edition 2014, launched this month by the Asean Read More
  • Matrade sees big market potential in Africa, S. America and Myanmar +

    IPOH:The Malaysia External Trade Development Corporation (Matrade) sees countries in Africa, South America and Myanmar in Asean, as having big potential in terms of business products and services. Export Development Senior Director Zulkepli Mohd Perai said exporters in Malaysia should take advantage of the potential in the countries concerned. “Malaysia has a lot of resources. These are the new economies that are expanding, with lots of opportunities that we can explore,” he added. He told reporters this after the opening of the “Exporters Forum” programme organised by Matrade here on Monday. He said in the context of Asean, Myanmar, is Read More
  • EU set to further strengthen trade ties with Asean +

    SINGAPORE:In line with the recently concluded EU-Singapore Free Trade Agreement (FTA) and reflecting the growing importance of Asean as an economic entity, the EU-Asean Business Council (EU-ABC) on Monday formally announced its constitution as an independent body. It comes with the full endorsement of the European Commission and to speak as the voice of European business in Asean. The launch of the Council marks a key milestone in Europe’s commercial relationship with Asean, and coincides with the appointment of a new European Trade Commissioner, the finalisation of the EU-Singapore Free Trade Agreement, and the appointment of a dedicated EU Ambassador Read More
  • Home News Biz Sports Utusan Borneo thesundaypost Columns Archive Home - Business Extension of CPO export tax exemption gets positive reaction +

    KUALA KANGSAR: The move by the government to extend the export duty exemption for crude palm oil (CPO) has received positve reaction from industry players. The Malaysian Palm Oil Board (MPOB) chairman Datuk Wan Mohammad Khair-il Anuar Wan Ahmad said the move provided a stable effect on the CPO market prices. “Other big producers also followed our government’s move and this would give a bigger impact. This trend would lead to the stability of the biodiesel industry,” he told reporters. Asked on whether the export tax exemption for CPO would be extended until 2015, Wan Mohammad Khair-il said the MPOB Read More
  • Indonesia's New President Unveils His Cabinet +

    Indonesia's new president unveiled his Cabinet on Sunday, a compromise lineup featuring technocrats in key finance roles who will need to push painful reforms to fix the country's slowing economy, but also including politicians who supported his spectacular rise to power. Joko "Jokowi" Widodo, a 53-year-old former furniture salesman who was sworn in as president last week amid high hopes of progressive leadership in the world's fourth-largest country, had promised to promote professionals to top posts rather than party officials, who in Indonesia have a reputation for corruption and laziness. Jokowi took the unprecedented step of asking the country's anti-corruption Read More
  • Govt assists in the fight against breast cancer +

    KOTA KINABALU: A total of 10,577 women in Sabah have benefited from the government-subsidised mammogram screening test since it was launched in 2009. As a result, two centres, Damai Specialist Centre and the Rafflesia Medical Centre, recorded 66 cases of breast cancer. Nationwide, 192,365 of breast screening tests have been carried out with 204 cases diagnosed and are currently on treatment. Under the programme, the government has also provided mammogram screenings under the Mobile Breast Clinical Check by the National Family Development and Population Board (LPPKN). “The Mobile Breast Clinical Check is important to us. Our state is big and Read More
  • Sabah's annual Tamu Besar still going 136 years on +

    KOTA BELUD: Sabah’s annual Tamu Besar celebrates the unique tamu concept which still remains relevant in today’s modern society after it was first held 136 years ago. “The Tamu is a living symbol of Sabah’s multi-cultural heritage which gathers together people from all walks of life and diverse cultures throughout the state to join in the thrill of trading,” said Kota Belud District Officer Abdul Gari Itam. Today, the traditional open-air tamu has become an inseparable part of Sabahan life ever since it started in 1878 by the British Resident at Tempasuk who hosted the festival for the leaders to Read More
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