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  • Ample Oppourtunities For Investment In Palm Oil Industry - Uggah +

    SUINING, (Southwest China), -- There are ample oppurtunities to explore investment in palm oil industry in valued-added downstream activities such as oleochemicals, pharmaceuticals, processed food, speciality products and even consumer products, said Minister of Plantation Industries and Commodities, Datuk Amar Douglas Uggah Embas. Speaking to the Chinese commodities traders here during a seminar on the market potential for palm oil, rubber and pepper products from Malaysia, he urged the Chinese traders and importers to explore new areas of cooperation and to enhance current business linkages, especially in the palm oil industry. "Through years of research and development, Malaysia has made available Read More
  • Malaysian Firms At CAEXPO Have Export Capabilities +

    NANNING, -- Some 90 per cent of the 126 Malaysian companies taking part in the 11th China-Asean Expo (CAEXPO) here have the capability to export and supply their products and services to overseas markets. Malaysia External Trade and Development Corporation (Matrade) Deputy Chief Executive Officer Datuk Dzulkifli Mahmud said their capabilities would make it easier for the companies comprising mostly small and medium enterprises (SME) to penetrate the Chinese market. With a population of 1.36 billion, China is Matrade's key focus for companies wanting to penetrate foreign markets for the first time. "There are more companies that have successfully penetrated the Read More
  • State Cabinet approves RM4 mln to Bajau Samah Cultural Centre +

    KENINGAU: The State Cabinet during its recent meeting approved an allocation of RM4 million for the construction of Bajau Samah Cultural Centre in Tuaran. For this year RM500,000 will be released for site preparation works. This was revealed by the President of the Sabah Bangso Bajau Samah Association (PBBSS), Datuk Seri Hajiji Mohd Noor when he officiated the Keningau District PBBSS branch here, Sunday. He said when the complex is completed, the Bajau Samah people will have a permanent place to display their culture; adding that the site selected is also strategic because it is near tourists destinations like beach Read More
  • Converging Towards Making Malaysia A Digital Hub +

    KUALA LUMPUR, -- When KL Converge 2014 rolls in from Wednesday, the three-day multi-platform creative industry conference will explore ways to position Malaysia as a top digital media and communications hub in this region. It appears to be a tall order but to Communications and Multimedia Minister Datuk Seri Ahmad Shabery Cheek, it is also about building an ecosystem for the local content industry to maximise its real potential in the global market. This is primarily because he feels that there is a strong need to increase focus beyond Malaysia's shores to capture a share of the global market estimated to Read More
  • M’sia broadband penetration at 67 per cent +

    LANGKAWI: The government’s efforts to expand broadband coverage has produced very positive results with the penetration rate standing at 67.1 per cent currently, said Datuk Seri Najib Tun Razak. The Prime Minister said the development of a nation and telecommunications facilities were correlated, and that the broadband penetration rate in the country had increased tremendously. “In 2009, the rate was only 31.7 per cent and the latest figure this year is 67.1 per cent, with just only 7.9 per cent more to reach the 75 per cent target in 2015. “The relationship between development and telecommunications is like an engine Read More
  • Malaysia's GDP Per Capita Rises To RM32,984 In 2013 +

    KUALA LUMPUR,-- Malaysia's Gross Domestic Product (GDP) per capita rose to RM32,984 in 2013 from RM31,920 recorded in 2012, said the the Department of Statistics. It said seven states exceeded this level with Kuala Lumpur topping the list with RM79,752 followed by Labuan (RM43,848), Sarawak (RM41,115), Pulau Pinang (RM38,356), Selangor (RM37,851), Melaka (RM34,109) and Negeri Sembilan (RM33,033). Pahang's GDP per capita was RM26,759 in 2013 followed by Johor (RM25,302), Terengganu (RM23,285), Perak (RM21,150), Sabah (RM18,603), Perlis (RM18,519), Kedah (RM16,316) and Kelantan (RM10,677). Meanwhile, on GDP growth, six states surpassed the national economic growth of 4.7 per cent registered last year, Read More
  • Rural Entrepreneurs Carnival to provide better platform +

    KOTA KINABALU: Rural entrepreneurs will now have a better platform to showcase their produces and products with the coming Rural Entrepreneurs Carnival. The inaugural carnival is slated for Sept 27-30 at the State Rural Development Ministry at Jalan Sembulan here. Its minister Datuk Radin Malleh said the event to be launched by Chief Minister Datuk Seri Musa Haji Aman will help promote entrepreneurs from rural areas on their products, skills, enterprise and heritage. “The carnival provides a great opportunity to help independent local enterprises establish customer networks and gain greater market share for their produce,” he told reporters yesterday. Radin Read More
  • Sabah to attract up to RM5 billion in investments +

    KUALA LUMPUR: Sabah aims to attract investments of up to RM5 billion in the manufacturing sector this year. Several projects are in the pipeline, particularly in the petrochemicals and energy sector, and investments would come in gradually over the next few years. Sabah Deputy Chief Minister cum Minister of Industrial Development Datuk Raymond Tan Shu Kiah said among the projects are Petronas’ second Ammonia and Urea plant in Sabah worth RM3 billion, Genting Group’s alternative fuel plants (RM1.3 billion to RM1.7 billion), a downstream urea plant by a Poland-based company (RM2 billion), Mewah Datu Sdn Bhd’s palm oil refinery plant Read More
  • Vincent Tan Attributes Start Of His Corporate Success To Proficiency In English +

    BATU PAHAT,-- Proficiency in English was the key that kick-started the successful career of Berjaya Group of Companies founder Tan Sri Vincent Tan. Sharing his experience, the Malaysian billionaire and philanthropist said it was his proficiency in the language that helped him acquire the McDonald's franchise in Malaysia when he was then only 28 years old. "I can honestly say this would not have been possible if not for my proficiency in English that allowed me to convince the people at McDonald's that I was the right person to help introduce and grow McDonald's in Malaysia," he said to some Read More
  • RMK11 vital phase of devt, says Musa +

    KOTA KINABALU: The 11th Malaysia Plan (RMK11) is an important phase of development as it is the last five-year plan towards vision 2020. Chief Minister Datuk Seri Musa Haji Aman said the Sabah State government has adopted the RMK11 framework encompassing six main thrusts laid out by the Federal Economic Planning Unit in preparing for the State-level RMK11. “At the State-level, the preparation of the strategy papers were very inclusive whereby all public and private stakeholders in the State were consulted and were in preparation process,” he said. Musa who is also Finance Minister said this during a dialogue with Read More
  • Malaysia, UK To Tap Global Markets With Islamic Finance Products +

    KUALA LUMPUR, -- Malaysia, as a leader in Islamic finance, has the base to partner the United Kingdom to tap global markets further with Islamic finance products, says a report published by London-based PMC Ltd. Titled, "Malaysia-Gateway to Asean", the report said the country's dynamic economy and its solid governance has helped Malaysia become the world's leading centre for Islamic finance. Malaysia is the world's leader in providing Islamic finance services and the largest Sukuk or Islamic bond issuer, worldwide. The report said with Britain becoming the first non-Muslim country to issue government bond sukuk, the relations between the United Kingdom Read More
  • Battersea Project looks to finalise £1.35 billion financing by end-Oct +

    KUALA LUMPUR: Battersea Project Holding Company Ltd is working towards finalising 1.35 billion pounds in financing by end-October to fund phases two and three of the Battersea Power Station residential project in London. "We are finalising the documents with several banks. We will sign the deal by the end of next month in London," its Chairman Tan Sri Liew Kee Sin said when updating reporters here today on the Battersea Power Station project. In November 2013, the company, a special purpose vehicle formed to acquire the 39-acre power station site with S P Setia and Sime Darby holding a 40 Read More
  • Malaysia Can Be Perfect Fit For Asia's Oil And Gas Hub +

    KUALA LUMPUR, -- Malaysia will be a perfect fit to establish an oil and gas hub in Asia, says Petronas President and Chief Executive Officer Tan Sri Shamsul Azhar Abbas. He said there was no oil and gas hub in the likes of Houston, Aberdeen or Stavanger to cater for the intensified servicing activities required for oil and gas development. "The overall growth is Asia is spawning voracious appetite for energy," he was quoted as saying in a report titled "Malaysia -- Gateway to Asean" published by London-based PMC Ltd. Shamsul Azhar attributed population growth, urbanisation and emergence of mega-cities to Gross Read More
  • Malaysia eyes stronger bilateral trade in palm oil, rubber & timber products with China +

    KUALA LUMPUR: Malaysia aims to strengthen its bilateral trade with China in palm oil, rubber and timber products during its six-day palm oil, rubber and timber promotion mission to China this month, said the Ministry of Plantation Industries and Commodities. To be held beginning Sept 12, the mission, led by Minister Datuk Amar Douglas Uggah Embas, will also discuss with private sector representatives on possible areas to further strengthen business linkages between the two countries. “During the visit, he will officiate a Palm Oil Trade Fair and Seminar (POTS) China 2014, jointly organised by the Malaysian Palm Oil Board (MPOB) Read More
  • Plain language may save lives – Masidi +

    KOTA KINABALU: Plain language may save lives, especially those of foreign tourists, said Minister of Tourism, Culture and Environment Datuk Masidi Manjun. He said tour agents and tour guides must explain in easy-to-understand language the risks and precautions to foreign tourists visiting riverine and seaside attractions. “According to our research, cases of drowning among tourists were not caused by negligence but more because of the tourists’ excitement so much so that they leapt into the water although they could not swim,” Masidi said. He was speaking to reporters on the sideline of the Seminar on Safety & Health in the Read More
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