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  • Dewan Rakyat passes MAS Bill +

    KUALA LUMPUR: The Dewan Rakyat yesterday passed the Malaysian Airline System Bhd (Administration) Bill 2014 to ensure continuity in services of the national airline. The bill, among others, is aimed at providing allocations for the administration of the company (MAS), its wholly and partly-owned subsidiaries. It also provides an allocation for the creation of a new entity, Malaysia Airlines Bhd (MAB), to replace MAS as the national carrier. Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar tabled the bill for its third reading before being passed by a majority vote in the house. The bill has 37 Read More
  • UMS role to produce future leaders: VC +

    KOTA KINABALU: Universiti Malaysia Sabah (UMS) has vowed to stay committed to shaping, apart from producing successful future generations. "Education is seen as an important platform to the development of excellent human capital who are the prime movers of mainstream development," said its Vice Chancellor Professor Datuk Dr Mohd Harun Abdullah. He said this during the presentation of Postgraduate Awards themed 'Success as the Transformation of Excellence' at the university's Chancellor Hall, here, Wednesday. He explained the role of a university, especially UMS, is to produce future leaders to continue the legacy of the country's excellence based on the Malaysian Read More
  • Sabah’s Biomass Potentials Impress Belgian Businessmen +

    KOTA KINABALU: Biomass-based energy feedstock from Sabah has got the Belgiums’ attention following anti-coal campaigns in their country. “There is a trend in Europe replacing coal with biomass-made pellets as fuel for the production of energy,” said Philippe Droesbeke, General Manager of Belgian stevedoring giant SEA Invest. “Europe’s demand for pellets will grow steadily as more and more coal-fired power plants are gradually converted”. In a visit to POIC Sabah Sdn Bhd which is aggressively promoting investments in the production of second generation biofuel (from renewable sources), he said he saw potentials for Belgium importing pellets from Sabah. SEA Invest Read More
  • Najib Asks UPSR Top Scorers To Value Contributions Of Teachers, Parents +

    KUALA LUMPUR, -- Prime Minister Datuk Seri Najib Tun Razak in congratulating top scorers in this year's Ujian Pencapaian Sekolah Rendah (UPSR) examination advised them to value the sacrifices and guidance given by their teachers and parents. The results were released today. "Congratulations to all who obtained excellent results in the UPSR. "Don't forget to say thanks to the teachers and who taught you and also your parents for their support," Najib said in his Facebook posting today. In this year's UPSR, 36,304 candidates or 7.89 per cent of the 460,407 candidates who sat for the examination scored straight As. This Read More
  • Malaysia To Invest, Collaborate With Research Bodies To Further Boost Use Of Palm Oil +

    KUALA LUMPUR, -- Malaysia will continue to invest and collaborate with major international research institutions to further promote the use of palm oil in new areas. Plantation Industries and Commodities Minister, Datuk Seri Douglas Uggah Embas, said he is optimistic that the country's investments in palm oil research will result in more palm-based products for the global community. "This would include the suitability of palm-based tocotrienols to address heart diseases, strokes, dementia, cataracts, respiratory tracks infections and various common cancers. "Malaysia has all along invested in research and development (R&D) to ensure that this versatile oil is suitable for a wide Read More
  • Belgium Aims To Make Brussels One Of Shariah-Compliant Investment Cities In Europe +

    KUALA LUMPUR, -- Belgium aims to explore more potential opportunities with Malaysia to help make its capital, Brussels, become one of the shariah-compliant investment cities in Europe. Secretary of State for Foreign Trade and Investment for the Brussels-Capital Region, Cecile Jodogne, said the two-day seminar of the Belgian Economic Mission to Malaysia, which ended today, would help Belgium explore more on Islamic finance sector. "Brussels is a well-known city in Europe and the recognition of Islamic finance could attract more investors to invest in Belgium, especially among Muslims who live in non-Muslim countries. "Choosing Malaysia is one of our aims because Read More
  • Auto Industry Must Improve Competitiveness To Stay In Competition, Says Mustafa +

    KUALA LUMPUR, -- The national automobile industry needs to step up its competitiveness, particularly in the export market, given the rising intense competition from global players, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the ministry was not happy with the current export performance of the industry unlike the offtake of auto-components which was performing well. Mustafa said the local industry would have to be mindful of the fact that in the next few years China would slowly, but surely, emerge as an important exporter. "Exports is one indicator of how competitive we are because we are Read More
  • State agriculture aims for self-sufficiency +

    KENINGAU: The government continues to give serious attention to the agriculture sector as the driver of the nation’s economic growth. Deputy Chief Minister Tan Sri Joseph Pairin Kitingan said one of the major initiatives was the Keningau Integrated Livestock Centre (KILC) in the Sook sub-district, about 45 kilometres from here. He said the KILC, covering 834 hectares, is the largest cattle farm in the country. “It is a project under the Sabah Development Corridor (SDC) and it began operation in 2013,” said Pairin, who is also Minister of Infrastructure Development during his visit to the KILC on Tuesday. He said Read More
  • KL shares higher at close, supported by buying in blue-chips +

    KUALA LUMPUR: Share prices on Bursa Malaysia closed higher today on buying interest in blue-chips and heavyweights, led by TNB, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 24.64 points to close at 1,833.77, after hovering between 1,833.77 and 1,809.63 throughout the day. TNB added 52 sen to RM14.46 with 109,710 lots traded. Finance and banking stocks were mostly higher. CIMB gained 10 sen to RM5.84, Hong Leong improved four sen to RM14.32 and AMMB was higher by six sen to RM6.60. Maybank and Public Bank flat at RM9.52 and RM18.30, respectively. A dealer Read More
  • Malaysia Should Look Beyond 2020 For Sustainable Growth, Says Rafidah +

    KUALA LUMPUR, -- Malaysia, which is almost certain to attain the developed nation status by 2020, should now focus on the new generation being productive, innovative and efficient, says AirAsia X Bhd Chairman Tan Sri Rafidah Aziz. She said looking at the population structure today, those below 30 years of age made up almost 56 per cent of the population and fell within the Gen-Y category. "As such, productivity, innovativeness and efficiency in the workforce as well as, consumption must focus and bear in mind Gen-Y traits. "Public and private sectors, as well as, academia must continue to give emphasis on Read More
  • Axiata Q3 Pre-Tax Profit Falls To RM747.19 Million +

    KUALA LUMPUR, -- Axiata Group Bhd recorded a lower pre-tax profit of RM747.19 million for the third quarter (Q3) ended Sept 30, 2014, compared with RM918.06 million in the same quarter last year. Revenue fell to RM4.65 billion from RM4.75 billion previously, the group said in a filing to Bursa Malaysia on Monday. President and Group Chief Executive Officer, Datuk Seri Jamaludin Ibrahim said systems related issues in Celcom and foreign exchange (forex) losses in XL, although mostly unrealised, did have an impact on the financial performance. However, strong data revenues continued to increase across all other growth and emerging markets, Read More
  • RON95 May Be Three Sen Cheaper At RM2.27/Litre In December: Wahid +

    PETALING JAYA, -- The price of RON95 petrol may be three sen cheaper at RM2.27 per litre from Dec 1, if average global crude oil prices remain at around the US$80 per barrel for the whole of November. Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar said consumers can expect to enjoy cheaper fuel, given that the current crude oil price slump is predicted to last about two years. "But if global prices rebound, the managed float system will likely follow suit," he told reporters after attending a meeting with 50 animation students under the "Peneraju Skil Iltizam" Read More
  • Consumers To Directly Benefit From Managed Float System - Najib +

    SERDANG, -- Consumers will directly benefit from the managed float system effective Dec 1 for RON95 petrol and diesel, by way of lower prices, Prime Minister Datuk Seri Najib Tun Razak said. He said the people will also see greater socio-economic benefits from the managed float system which enables increased savings from subsidies. "With savings of between RM10 billion (to) RM20 billion annually, we can for sure increase allocations to those sectors deemed important in the context of the country's socio-economic development. "The agricultural, rural development, education and health sectors are among those for which we can increase allocations, as they Read More
  • Newfields assets paying off SapuraKencana +

    -Shahril: ‘Acquisition is in line with SapuraKencana’s strategy to build a balanced portfolio of E&P assets’. SAPURAKENCANA Petroleum’s Newfields oil and gas (O&G) assets which it bought in January this year for US$898mil are begining to pay off. The acquisition that caught the attention of its competitors, gave the local O&G giant the capabilities to bid for more jobs in the exploration and production area of the O&G industry as prices settle down to more realistic levels of less than US$80 per barrel. For two consecutive days from Thursday, the company announced two major deals with Petroliam Nasional Bhd (Petronas) Read More
  • Emergency Retrieval Unit in Sabah a success +

    PUTRAJAYA, -- The Education Ministry will launch the Smart Interactive Digital Textbook, the second wave of the innovation and transformation of digital textbook, which is expected to be put into use from 2016 until 2025. Deputy Prime Minister Tan Sri Muhyiddin Yassin said it was the continuity of the first wave of the transformation involving 313 textbooks, which could now be accessed by students, teachers and parents through the 1BestariNet portal. Muhyiddin, who is also Education Minister, said through the use of the Smart Interactive Digital Textbook, the teaching, learning, collaborative and administration processes would be done through virtual learning environment. Read More
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