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  • Asean to scrutinise proposal to set up micro enterprise bank +

    KUALA LUMPUR: ASEAN economic ministers will discuss further, the proposed establishment of a micro enterprises bank operating in each member country, says International Trade and Industry Minister, Datuk Seri Mustapa Mohamed. He said the move, mooted by the ASEAN-Business Advisory Council, will focus purely on small and micro enterprises that are keen to expand business and investments to member countries. At a press conference on the final day of the 21st ASEAN Economic Ministers' Retreat (AEM) here yesterday, he said more time was needed to discuss the proposal for the bank, which is expected to enhance contributions from small and Read More
  • Price reduction campaign to proceed despite fuel hike, says Hasan +

    KUANTAN: The National Price Reduction Campaign 2015, which begins Sunday, will proceed despite the hike in fuel prices. Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek said fuel prices were not the only factors that determined the price of goods. "The other factors are the unexpected weather, natural disasters, increased cost of rental, tariffs, foreign currency exchange and the economic environment. "Rising food prices is universal and occurs anywhere," he told a press conference after launching the campaign at The Store Supermarket in Kuantan Parade, here Sunday. Also present were the State Cooperatives, Entrepreneur and Consumerism Committee chairman Read More
  • CM assures continuous support for Sino-KDM +

    Kota Kinabalu: The State Government has assured continuous support to the Sino-Kadazandusunmurut (KDM) community in Sabah. Chief Minister Datuk Seri Musa Aman said the Sino-KDM is an important community in Sabah having historically contributed in government, politics, commerce and the overall development of the State. He said the Sino-KDMs have been around for a long time as a result of intermarriages practised in Sabah a long time ago. "The Government acknowledges the contribution of the Sino-KDM community to the State's development and will continue to support them," he said during the Sino-KDM Association's Chinese New Year open house hosted by Read More
  • Pemandu: Malaysia's positive growth to continue in 2015 +

    KUALA LUMPUR:Strengthening fundamentals over the past five years have placed Malaysia on a firm footing to achieve continued growth in 2015, despite unstable external economic conditions, the Performance Management and Delivery Unit (Pemandu) said. Chief Executive Officer Datuk Seri Idris Jala said the economic growth in 2014 was led by major industries, including services, manufacturing, construction and mining. “With investment being the precursor to economic growth, private investment in 2014 chalked RM181.5 billion. This represented a year-on-year growth of 11 per cent (at 2005 constant price),” he said during the Economic Wrap-Up 2014 here yesterday. Economic ministers, including International Trade Read More
  • Domestic, foreign direct investments in M'sia hits RM235.9 bil last year +

    KUALA LUMPUR:Domestic and foreign direct investments in Malaysia hit RM235.9 billion in 2014, up 7.52 per cent, from RM219.4 billion received in 2013, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Domestic Direct Investments (DDIs) accounted for RM171.3 billion or 72.6 per cent of total investments, a bulk of which was in the manufacturing, services and primary sector, while the remaining RM64.6 billion or 27.4 per cent came from foreign direct investments (FDIs). In 2013, DDIs stood at RM159.94 billion while FDIs amounted to RM59.45 billion. Mustapa said the country’s investment performance in 2014 exceeded the average annual Read More
  • KKCCCI embarks on series of internal transformation to promote business activities, communicate regularly +

    KOTA KINABALU:The Kota Kinabalu Chinese Chamber of Commerce & Industry (KKCCCI) has embarked on a series of internal transformation to promote its business activities and communicate with its members regularly. We disseminate the first-hand information to our members such as government policies, trade-related info and business opportunities, said KKCCCI president Datuk Michael Lui Yen Sang. “Our chamber always strives to stay united to support the government and actively playing the role as a communicating bridge between the government and Chinese business community,” said Lui during the KKCCCI Chinese New Year celebration on Wednesday at Hakka Hall. He said the chamber Read More
  • Lean Management can improve daily productivity +

    KOTA KINABALU:Malaysia Productivity Corporation (MPC) is urging government agencies and private organisations in Sabah to implement Lean Management (LM) to improve efficiency. MPC Sabah Region director, Norzirin Ariffin said the implementation of LM is also able to address wastage problem and causes that interfered with the service delivery system in a company. She explained that LM was an extension practice from 5S management system. The other advantages of implementing LM are to improve the employees’ daily productivity and speed up the service delivery system, she said. “By implementing LM, one company will be able to carry out its daily operation Read More
  • ESSZONE curfew extended until March 14, says Jalaluddin +

    KOTA KINABALU:The dusk to dawn (7pm to 5 am) curfew in the six districts within the Eastern Sabah Security Zone (ESSZONE) has been further extended from today (Friday) till March 14. The curfew’s 14th phase covering a distance of three nautical miles from the coast, for the waters off Sandakan, Kinabatangan, Kunak, Lahad Datu, Tawau and Semporna, ended yesterday. Sabah Police Commissioner Datuk Jalaluddin Abdul Rahman said the curfew was further extended to ensure the safety of those using the waters, including the ESSZONE’s mainland residents as well as tourists in Sabah. “It will facilitate enforcement and monitoring of movements Read More
  • PM: Don’t view lightly climate change, global warming issues +

    PUTRAJAYA:Prime Minister Datuk Seri Najib Tun Razak yesterday warned that climate change and global warming can no longer be viewed lightly. He said rainfall patterns in Malaysia had changed and the country now faced prolonged draughts so much so there was water supply crisis in some states in the middle of 2014 and at the end of the year, continuous heavy rain resulted in some of the worst floods in decades with loss of lives and destruction of property. “As an example, the Kelantan Drainage and Irrigation Department recorded rainfall of 1,295 millimetres from Dec 21 to 23, 2014, which Read More
  • Cooperation vital to ensure border security, says Dr Harun +

    KOTA KINABALU:The people of Malaysia, especially those in Sabah must strengthen cooperation and interaction between each other to ensure peace and security of borders in the state. Universiti Malaysia Sabah (UMS) vice-chancellor Prof Datuk Dr Mohd Harun Abdullah said this is vital, especially in the context of security in Sabah’s east coast. He said the existing laws and regulations played important roles in maintaining borders and national security, but the security could always be threatened if there was no proactive cooperation and interaction among the local communities. “Efforts to combat trans-border crimes will not be successful if we only rely Read More
  • Will Sabah see a cocoa revival +

    KOTA KINABALU:Mention ‘chocolate’ and many people’s mouths water. The Aztecs called chocolate’s main ingredient – cocoa – food of the Gods. It made many people in Sabah rich in the 1970s and 80s, and put Sabah on the world map of cocoa production. Today, the cocoa industry in Malaysia (especially in Sabah which was the top producer) is a shadow of its glorious past and the Malaysia Cocoa Board (MCB) has introduced a series of programmes and subsidies to try to revive interest among rural farming communities. The government is hopeful in bringing back cocoa. The Minister of Plantation Industries and Commodities Read More
  • At least RM2 billion to develop Sepanggar Port into transshipment hub +

    KOTA KINABALU:At least RM2 billion is needed to develop the Sepanggar Port here into a transshipment hub in the region. Deputy Chief Minister Datuk Raymond Tan Shu Kiah said the cost depends on the size of the area and location of where the works will start. “Works to expand the port will be implemented in phases and careful planning is important as this will include the development of the infrastructure in Kota Kinabalu Industrial Park (KKIP) where some RM300 million is needed,” said Raymond who is also Industrial Development Minister. He told reporters this when accompanying Minister in the Prime Read More
  • Sipitang needs own sea port to accommodate O&G industry +

    KOTA KINABALU:Sipitang needs its own full-fledged sea port to accommodate the growing oil and gas industry when the Sipitang Oil and Gas Industrial Park (SOGIP) is up and running. State Industrial Development Minister, Datuk Raymond Tan Shu Kiah said that his ministry will forward its proposal to the federal government to be considered. According to him, the proposal has passed its designed stage and it has been incorporated into the SOGIP master plan designed by Petronas. “The Sabah Urea Ammonia (SAMUR) which is the biggest of its kind in South East Asia, will need a port to handle its products, Read More
  • UMS still fully committed +

    KOTA KINABALU:University Malaysia Sabah (UMS) has seen tremendous progress in recent years, achieving new standards of excellence across various fields on the local and international stage and has emerged a globally-respected institution for research and learning. During his keynote address here, Vice Chancellor Prof Dr. Harun Abdullah highlighted the university’s resolve to consistently produce highly capable, qualified graduates while achieving the highest levels of academic excellence across various fields. “We remain fully committed in our vision to bringing this institution to even greater heights of distinction and realise the objectives outlined in the University’s Strategic Plan 2013-2017,” he said, adding Read More
  • National Geographic honour for Sukau Rainforest Lodge +

    KINABATANGAN:The Sukau Rainforest Lodge has become the first in South East Asia to be selected as a member of the National Geographic Unique Lodges of the World – National Geographic Society’s newest foray in world-class travel experiences. National Geographic Unique Lodges of the World is a collection of boutique hotels in extraordinary places around the world with a demonstrated commitment to sustainability, authenticity and excellence. Selected through a rigorous evaluation process, each lodge offers an outstanding guest experience while supporting the protection of cultural and natural heritage and embracing sustainable tourism practices. National Geographic deployed experts to each site to evaluate Read More
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