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  • Author aims to take M'sia fine arts to next level +

    KOTA KINABALU: With the intention to take Malaysia’s fine arts education career to the next level, Nanjing University of the Arts PhD holder Dr Paul Boey Teik Soon, launched his book entitled ‘A History of Malaysian Arts’ at the Sabah Institute of Art here, yesterday. The book, which features a brief history of written works about art development, also tells the story of the nation depicted through art, with some characters telling the story alongside art-related activities. “These stories are of the historical development of Malaysia, exploring its characteristics to see which tales resonate even in today’s society,” said Paul. Read More
  • Batu Kawan (Bhd) in 2016 Forbes Asia's Fabulous 50 +

    SINGAPORE— Batu Kawan Bhd is the only Malaysian company to make this year’s Forbes Asia’s Fabulous 50 List (Fab 50). Batu Kawan is an investment holding company with subsidiaries and associates involved in chemical manufacturing, transportation, property investment, investment holding and plantations. In a statement today, Forbes Media said the Fab 50 were selected from a pool of 1,524 public companies in the region, with at least US$1.7 billion (RM6.9 billion) in annual revenue. For the first nine months ended June 30, 2016, Batu Kawan had already registered revenue of about US$3.05 billion. Forbes Media said companies are analysed using Read More
  • BNM (Bank Negara Malaysia) to set up funding ecosystem to help SMEs +

    KUALA LUMPUR: Bank Negara Malaysia (BNM) aims to set up a comprehensive funding ecosystem to meet various financing needs of the small and medium enterprise (SME) sector. BNM director of development finance and enterprise department, Marina Abdul Kahar, said as at end-2015, financial institutions gave out RM274.5bil in loans to 730,000 SMEs. “The financial institutions always give their support as seen in the high fund approval rate of around 80 per cent for SMEs,” she said at the opening of Malayan Banking Bhd’s ‘Building Capacity and Competitiveness of SMEs’ progamme. The text of her speech was released in Kuala Lumpur Read More
  • MITI proposes more fund allocation & tax incentives for SMEs +

    KUALA LUMPUR: The International Trade and Industry Ministry is proposing more fund allocation and tax incentives to support the SME ecosystem, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. He said the ministry would draft a proposal on stepping up the small-and-medium enterprise (SME) agenda, to be submitted to the Prime Minister for the 2017 Budget. “We realise that SMEs are the backbone of the Malaysian economy as it provides jobs to many. SME companies need more exposure for their products which can eventually enter the export market,” he told reporters after a dialogue at the Initial Read More
  • Export of rubber-based products to rake in RM18.5bln in earnings - Mah +

    KUALA LUMPUR: Export of rubber-based products is expected to rake in about RM18.5 billion this year, driven by higher usage of disposal medical gloves, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said. He said the ministry would continue to encourage the production of more higher value-added items particularly downstream products such as disposal rubber gloves. “We want to encourage higher value-added products, not just natural rubber,” he told reporters after visiting the Malaysian Rubber Export Promotion Council’s (MREPC) office here yesterday. Mah said from January to June, export of rubber-based products rose 4.2 per cent to RM8.82 Read More
  • Sabah has huge potential to expand growth – MOF +

    KUALA LUMPUR: With four years left for Malaysia to become a high-income and developed nation, greater efforts are needed to properly address growth challenges and ensure sustainable and, inclusive growth in Sabah. The Ministry of Finance (MoF) said with an abundance of natural resources as well as its strategic position in East Malaysia, Sabah has lot of potential in expanding its economic growth. "Sabah has an estimated population of 3.8 million, it contributed about 6.5% to Malaysia's Gross Domestic Product (GDP) growth, equivalent to RM66 billion in 2014," it said in a statement. Furthermore, the Pan-Borneo Highway, which begins in Read More
  • PM: Set up more childcare centres to help working mums +

    Prime Minister Najib Abdul Razak wants organisations with a high number of staff to give priority to setting up childcare centres to facilitate working mothers. "This is for the sake of women who want to work but still have the responsibility to take care of their children. I want approval on the placement location of childcare centres in commercial buildings to be settled quickly," he said when launching the National Women's Day 2016 celebrations today. Najib said although he was happy that the private sector was providing childcare centres in commercial buildings, the initiative however needed to be continously improved Read More
  • TPPA set to boost Citibank's presence in Malaysia +

    KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) will boost Citibank Bhd’s (Citi Malaysia) presence in Malaysia once the mega trade pact is implemented. Its chief executive officer, Lee Lung Nien, said the TPPA would benefit Citi Malaysia as it was a local arm of US multinational investment banking and financial services corporation, Citigroup Inc. “However, the US needs to sort it out first. It needs to get approved first by their Congress,” he told reporters after the launch of the bank’s voice biometrics authentication in Kuala Lumpur on Tuesday. The TPPA, a free-trade agreement that will liberalise trade and investment Read More
  • Govt to provide incentives for SMEs in e-commerce +

    KUALA LUMPUR— The Government will provide incentives for small and medium enterprises (SMEs) that operate their businesses via e-commerce platform, International Trade and Industry Deputy Minister Datuk Chua Tee Yong said today. He said the incentives for these companies would be absorbed into the “eTRADE” programme of the Malaysia External Trade Development Corporation (Matrade), which promotes the adoption of e-commerce among SMEs to accelerate their exports by joining the e-marketplace. He said this to reporters at a pre-departure briefing to participants of the 13th China-Asean 2016 Expo (CAEXPO) to be held in Nanning, China, here. The offer also includes a Read More
  • Proton unveils all new-new Persona +

    SHAH ALAM: Proton Holdings Bhd today unveiled an all-new B-segment car, Proton Persona, with prices starting between RM46,800 and RM59,800. Proton chief executive officer Datuk Ahmad Fuaad Kenali said the all-new Persona has evolved significantly over its predecessor in term of features, advanced technology, design and built, including a more refined ride and handling as well as reduced noise vibration and harshness. "For its class, it is really a pleasure to drive the all-new Persona," Fuaad said at the launch here earlier. "The car is targeted for the young and trendy segment in mind and would appeal to those who Read More
  • Over 50 nations to participate in UNSC (United Nations Security Council) Open Debate +

    NEW YORK― Over 50 countries have indicated their participation at the United Nations (UN) Security Council Open Debate on Non-Proliferation of Weapons of Mass Destruction (WMD), which Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi will chair, at the UN Headquarters here today. The Open Debate is held at the initiative of Malaysia as the Security Council President, in line with its long-standing principled position on non-proliferation of WMD, Ahmad Zahid told Malaysian journalists reporting on his five-day working visit to the United States beginning yesterday. He said the high-level presiding of the meeting demonstrated Malaysia’s commitment to the Read More
  • KPJ Sabah set to enhance health service landscape +

    KOTA KINABALU: The KPJ Sabah Specialist Hospital is set to bring about a more dynamic health service landscape not only in Sabah but also in the region, said Chief Minister Datuk Seri Musa Haji Aman. He believed that with specialists, doctors, nurses and good hospital management, KPJ could uplift the quality of health services in Sabah. “The increase in chronic diseases such as cancer, heart disease and others are worrying. Although government hospitals are still the people’s choice to seek treatment, we now have an alternative following of the setting up of more private hospitals in the State,” said Musa Read More
  • Sabah remains on right track – Musa +

    KOTA KINABALU: The downstream sector of the oil and gas industry presents Sabah with great potential to become a strategic regional hub for oil trading and supply. Chief Minister, Datuk Seri Musa Haji Aman said this at the opening ceremony of the Sabah Oil and Gas Leadership conference held at the Shangri-La’s Tanjung Aru Resort and Spa near here yesterday. He said Sabah’s geographical location within the Asia Pacific region and well established shipping routes make Sabah attractive to oil traders. “But to become a competitive player within the region and beyond, we must also be innovative in offering other Read More
  • MITI expects Malaysia's total trade to grow 1-2pct +

    The International Trade and Industry (Miti) expects the country’s total trade to grow between one and two percent this year amid volatile global economic situation. Minister Mustapa Mohamed said this was a modest projection as the country was not spared from the effects of the global economic slowdown. “We are working very hard to further diversify our export markets and in promoting Malaysia,” he told a press conference after attending a Merdeka Day celebration organised by the Malaysia External Trade Development Corporation (Matrade). In 2015, Malaysia’s total trade grew 1.2 percent to RM1.466 trillion, with exports expanding 1.9 percent to Read More
  • Najib urges Commonwealth countries to embrace innovation for growth +

    PUTRAJAYA: Commonwealth countries must embrace innovation to unlock the full potential of its public service and 2.2 billion citizens, so as to, achieve economic growth and ensure inclusive development. In making the call, Prime Minister Datuk Seri Najib Tun Razak said Malaysia is a clear example of an innovation-driven public service and sustainable growth. "It is the path that has enabled us to come up with creative, new solutions to drive us towards the goal of becoming a high income status nation by 2020, and one where we continue to prize and protect our diversity and harmony," he added. In Read More
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