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  • Hibiscus (Petroleum Bhd) to continue exploration activities overseas +

    Hibiscus Petroleum Bhd will continue with its exploration activities overseas despite the collapse in the benchmark Brent crude oil price, along with brewing tensions between the major oil producers. At present, Hibiscus is involved in the Anasuria cluster of the North Sea (United Kingdom), the West SeaHorse field (Australia) as well as participating in the South East Ras El Ush concession via its wholly-owned subsidiary, Gulf Hibiscus Ltd. Managing director Kenneth Pereira said the oil price movement had a direct impact on the company, but its decisions were based on long-term plans, besides keeping a watchful eye on the situation Read More
  • MASwings offers great promos to all local destinations during CNY +

    KOTA KINABALU-- MASwings is offering a great value-for-money promotion to all local destinations with all-in fares from RM86 one-way in conjunction with the Chinese New Year (CNY) celebration. "It is hoped the promotion would give the local community more opportunities to travel home for CNY and spend the auspicious festival with loved ones and friends across Sabah and Sarawak," MASwings said in statement here, today. The all-in one-way fares will start from as low as RM86 on all domestic routes and are up for grabs from Feb 5-28, 2016, with travel period from Feb 8 till March 31, 2016. "Passengers Read More
  • DPM has fruitful visit to Beijing on e-visa +

    BEIJING-- Malaysian Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has left for Kuala Lumpur at about noon today after concluding a four-day visit here. In his first visit to China as Deputy Prime Minister, Ahmad Zahid discussed Malaysia's proposals on implementing electronic visa system (e-visa) and the programme of visa payment exemption for Chinese nationals. Talks with the secretary of the Central Political and Legal Affairs Commission of the Communist Party of China, Meng Jiangzhu and Minister of Public Security Gou Shengkun brought positive outcomes when the Chinese welcomed the the proposals. Malaysia's proposals which were well received Read More
  • Malaysian students in China proposed to become young ambassadors to promote tourism +

    BEIJING-- Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has proposed that Malaysian students in China be made young ambassadors to promote the national tourism industry. He said this could be done by involving the 841 Malaysian students in China in cultural shows or those on radio and television. "Perhaps a special allowance could be given by the private sector to encourage and be an incentive for them to promote Malaysian tourism destinations," he told reporters here today. He said the detailed plan would be discussed by the Malaysian Embassy in China and the Ministry of Tourism and Culture Read More
  • End of confusion on visa system for China's tourists +

    The confusion on the visa system for tourists from China finally ended following Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi's four-day working visit to Beijing. In the past, the visa-free programme for tourists from China could not be implemented because the Chinese government had yet to give its feedback on the Malaysian initiative. As a result, Chinese tourists had still to apply for the visa to visit Malaysia although the Cabinet had decided to introduce the six-month visa exemption for Chinese tourists coming in groups of 20 or more effective October 1 last year. The government had decided early Read More
  • Mustapa, man of the hour for Malaysia at TPPA signing in New Zealand +

    AUCKLAND-- International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who had just signed the Trans-Pacific Partnership Agreement (TPPA) here, is undoubtedly the man of the hour for Malaysia. Notable is the minister's perseverance in getting the buy-in for the TPPA which culminated in Malaysia joining 11 other Pacific Rim nations in signing what is potentially the world's largest trade pact today. This has been no easy task, taking into account the vehement protests and criticisms even as late as last week when the TPPA text was debated over two days at Parliament before finally getting a majority vote for Read More
  • TPPA promises greater market access for businesses, says Mustapa Mohamed +

    AUCKLAND-- Businesses in Malaysia, including small and medium scale enterprises, are looking forward to greater market access opportunities under the just-signed Trans-Pacific Partnership Agreement, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said here Thursday. He said the textile, electrical and electronics, palm oil and rubber industries were also among sectors that were keen to exploit opportunities arising from an expanded market and lower tariffs under the new pact. "We believe market access is very important for Malaysia especially with countries we don't have free trade agreements such as the United States, Canada, Mexico and Peru. "Market access Read More
  • Tabung Haji plans apartment project with RM820mil GDV (Gross Development Value) on TRX (Tun Razak Exchange) land +

    KUALA LUMPUR-- Lembaga Tabung Haji (Tabung Haji) plans to develop residential apartments on its Tun Razak Exchange (TRX) land with a gross development value (GDV) of RM820 million. Chairman Datuk Seri Abdul Azeez Rahim said the decision was the outcome of a debate held in Parliament recently, whereby most believed that the land should not be sold. "If we look at the land value, it has increased from the date it was purchased, from RM177.5 million to about RM250 million now. "When we brought this matter for debate in Parliament, most of the members recommended not to sell the land Read More
  • TPPA signed, Malaysia among 12 nations that ink the landmark trade deal +

    AUCKLAND: Twelve countries including Malaysia have finally signed the ambitious Trans-Pacific Partnership Agreement here Thursday which is set to expand markets, reduce tariffs and promote freer trade. International Trade and Industry Minister Datuk Seri Mustapa Mohamed signed the trade pact for Malaysia TPPA members account for nearly 40 per cent of global gross domestic product worth US$30 trillion. The signing of the TPPA in New Zealand’s capital city is the culmination of five years and 19 rounds of tough negotiations. The 12 countries include New Zealand, Australia, Chile, Mexico, Japan, Peru, Canada, Vietnam, United States, Singapore, Brunei and Malaysia. Most Read More
  • MATRADE aims to boost exports by co-ops via tie-up with Angkasa +

    KUALA LUMPUR-- Malaysia External Trade Corp (Matrade) aims to increase exports by local cooperatives through a two-year collaboration with the National Cooperative Movement of Malaysia (Angkasa). Matrade Chief Executive Officer Datuk Dzulkifli Mahmud said a working committee would be set up to facilitate trade for the co-ops, which was likely to begin in the second half of this year. He said this after the signing of a memorandum of understanding (MoU) between Matrade and Angkasa here today. The MoU was signed by Dzulkifli on behalf of Matrade, while Angkasa was represented by its Chief Executive Officer, Nasir Khan Yahya. Matrade Read More
  • Petronas Dagangan invests RM200,000 for CNY road safety campaign +

    KUALA LUMPUR-- Petronas Dagangan Bhd (PDB) has invested RM200,000 in its Petronas Coffee Break campaign held in conjunction with the Chinese New Year. PDB Senior General Manager for Retail Business Division Shaharuddin M Sidek said this year's campaign would be held from Feb 6 to 7 and Feb 13 to 14, 2016. "The campaign is all about road safety and not falling asleep at the wheel as this can cause road accidents. "We hope the drivers will take a break and come to our 142 petrol stations taking part in the campaign and enjoy free coffee as it will keep Read More
  • Isuzu remains Malaysia's top truck brand +

    ISUZU remains the preferred brand among Malaysian commercial vehicle operators as its trucks retained the No.1 position on the sales charts for 2015. Isuzu Malaysia achieved another record year when Malaysians purchased 6,387 Isuzu trucks last year compared to 6,321 the previous year, giving the Japanese giant the enviable position of being the top truck brand in Malaysia for the second consecutive year. Buoyed by a significant growth in demand of close to 100% for its Forward medium-duty and Giga heavy-duty and prime mover trucks, Isuzu continued its domination of the Malaysian truck market, taking a commanding 36.2% share of Read More
  • Public Bank's pre-tax profit increases to RM6.49 billion +

    Public Bank Bank Bhd's pre-tax profit for the financial year ended December 31, 2015, rose to RM6.49 billion from RM5.81 billion in 2014. Revenue increased to RM19.20 billion from RM16.90 billion previously, it said in a filing to Bursa Malaysia today. Founder and chairman Tan Sri Teh Hong Piow said the results reflected the consistent execution of the group's organic growth strategy which continued to deliver favourable results to customers and shareholders. "We expect intense competition in the banking industry for market share and the more stringent capital and liquidity requirements will continue to put pressure on net interest margin Read More
  • TPPA: 12 signatures and a new trade deal +

    KUALA LUMPUR-- After five years and 19 rounds of negotiations, 12 Pacific-Rim countries will finally seal the much-debated mega trade pact, the Trans-Pacific Partnership Agreement (TPPA) in Auckland, New Zealand on Thursday, Feb 4th. The deal, which represents nearly 40 per cent of global gross domestic product (GDP) worth US$30 trillion, is set to facilitate further growth in the 12 participating nations namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam. TPPA is projected to yield higher overall GDP growth for the countries with the expansion of markets and removal or reduction of Read More
  • 3-phase wiring system for all schools +

    TAWAU-- The Sabah Education Department will ensure the wiring system in all schools in the state is upgraded from single-phase to three-phase to ensure there is adequate electricity supply, said its director Datuk Jame Alip. He said last year the Ministry of Education had allocated RM15 million to change the wiring system in schools throughout Sabah. "Last year we spent RM4 million for that purpose and the remaining RM11 million we hope to use this year to complete the wiring upgrade work and ensure there are no more schools using single-phase wiring," he said. He was speaking to reporters after Read More
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