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  • Bioeconomy Corp to commercialise up to 10 R&D products in 2017 +

    KUALA LUMPUR: Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corp) is expected to commercialise five to 10 new research and development (R&D) products by year-end. Bioeconomy Corp Acting chief executive officer Syed Agil Syed Hashim said the products would range from natural products to foods and beverages, as well as wellness items. Under the Malaysia Commercialisation Year 2016, Bioeconomy Corp has contributed 11 products, he said after the launch of a range of products produced by Persona Kosmetik, a brand under Clara International Beauty Group, here yesterday. Bioeconomy Corp, an unit under the Ministry of Science, Technology and Innovation (MOSTI), Read More
  • Resort goes greener with conversion to CNG fuel +

    KOTA KINABALU: Sabah Energy Corporation (SEC) Sdn Bhd yesterday officially commissioned its ninth daughter station at the Shangri-La's Tanjung Aru Resort & Spa (STARS) here. Harun (sixth left) shaking hands with Weightman (fifth left) after the commissioning of SEC's ninth daughter station ceremony. SEC chief executive officer (CEO), Dato' Harun Ismail, said STARS is the second hotel to receive the corporation's compressed natural gas (CNG) after Sutera Harbour Resort. He added that the daughter station stores and supplies CNG, the cleanest form of fossil fuel, and SEC, the licensed distributor and seller of natural gas in Sabah and the Federal Read More
  • Pos Malaysia eyes RM30 million revenue from FlexiPrepaid +

    SHAH ALAM: Pos Malaysia Bhd targets to rake in an additional revenue of RM30 million through its latest delivery service, FlexiPrepaid. Shukrie (second right) looks at a parcel during the launch of Flexiprepaid yesterday. — Bernama photo Chief executive officer Datuk Mohd Shukrie Mohd Salleh said FlexiPrepaid was a nationwide premium delivery service that is connected to a tracking system. He said the service also included free pick-up for 100 packages and above, giving cost-savings of up to 50 per cent compared to other similar services. Mohd Shukrie said that each parcel would be limited to two kilogrammes and was guaranteed Read More
  • Malaysia digital hub to be launched in March +

    KUALA LUMPUR: The Malaysia Digital Hub, catering to the startup community, will be launched in March, says Treasury Secretary General Tan Sri Dr Mohd Irwan Serigar Abdullah. Irwan (standing, seventh left) poses for a photo with award recipients under the Coach and Grow Programme 2015/2016 yesterday. — Bernama photo Details of the hub would be announced by Prime Minister Datuk Seri Najib Tun Razak at the two day Global Transformation Forum (GTF) 2017 beginning March 22. "We are currently working with the Ministry of International Trade and Industry, Malaysia Digital Economy Corporation and the private sector to structure the digital hub Read More
  • Commodities sector targets export revenue growth of 5-8% for 2017 +

    PUTRAJAYA: The commodities sector has targeted export revenue growth of between five and eight per cent this year with the strengthening of the equity market and new ventures. Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said the strengthening of the commodities sector in 2017 would be achieved through free trade negotiations with Iran and new market opportunities in West Asia and South Europe. He said the sector recorded an export growth of 3.2 per cent from January to November last year, compared RM110.6 billion in the same corresponding period of 2015. “I am confident the total Read More
  • MASwings offers huge discounts for CNY +

    KOTA KINABALU: MASwings is offering 80 per cent discounts to all Sabah and Sarawak sectors with one-way prices as low as RM83 in conjunction with the Chinese New Year celebration. Dubbed “MASwings’ irresistible Chinese New Year Prosperity Deals”, it offers an all inclusive one-way fare for all MASwings’ domestic routes from now until February 12, with a travel period starting from 18 January until March 31. Its Sabah Area Manager, Chali Awang said that this offer is part of MASwings’ initiative to constantly offer the best affordable fares and encouraging people to visit Sabah and Sarawak as part of the Read More
  • Yeo: City Hall to ensure success of Chinese New Year carnival +

    KOTA KINABALU: City Hall will extend close cooperation to the Federation of Chinese Associations Sabah (FCAS) to ensure the 2017 Chinese New Year (CNY) Carnival at Padang Merdeka here is a success. The event has been scheduled for January 23-26. Mayor Datuk Yeo Boon Hai said this during the final meeting of the carnival’s organising committee here on Monday. City Hall is the co-organiser. Also present during the meeting were, Assistant Minister in the Chief Minister’s Department Datuk Edward Yong Oui Fah who is also in charge of City Hall, FCAS president Datuk Seri TC Goh, deputy presidents Datuk Chua Read More
  • Chinese companies keen to work with local SMEs, says SMECorp +

    KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak's recent visit to China has obviously benefitted small and medium enterprises (SMEs), with the SME Corporation Malaysia (SMECorp) receiving several enquiries from Chinese companies expressing interest to collaborate with their Malaysian counterparts. SMECorp Chief Executive Officer Datuk Hafsah Hashim said so far, interest was shown by Chinese SMEs involved in the information and communications technology and services industry. On Nov 1, 2016, Malaysia and China signed 14 MoUs encompassing defence, economy, agriculture, education, finance and construction, witnessed by Najib and his counterpart, Li Keqiang. The Chinese companies, keen to work with Read More
  • Matrade to lead over 700 companies to China this year +

    KUALA LUMPUR-- The Malaysia External Trade Development Corporation (Matrade), in collaboration with private exhibitors, aims to lead more than 700 companies on a mission to expand Malaysian brands into China's second and third tier cities this year. Chief Executive Officer Datuk Dzulkifli Mahmud said, with the agency coordinating the participation of Malaysian companies' in trade fairs under the public private partnership (PPP), he is optimistic of achieving the target of 100 more companies from last year. "As the national trade promotion agency, Matrade will continue to support this PPP arrangement to increase exports, particularly to China. "I believe we must Read More
  • RISDA (The Rubber Industry Smallholders Development Authority) allocates RM27 mln to help smallholders make extra income +

    JOHOR BAHRU-- The Rubber Industry Smallholders Development Authority (RISDA) has allocated RM27 million to assist smallholders nationwide to improve their standard of living. Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said these smallholders are low-income earners (B40) and the assistance would help increase their income by cultivating cash crops as additional source of income. "Apart from relying on rubber, the smallholders have to make additional income to cover their daily expenses and the best way is by planting pineapple. "These extra activities should at least earn them RM500 per month. This year, RISDA has allocated RM27 million Read More
  • Malaysia's export growth to improve in 2017, says RHB Research +

    KUCHING: Malaysia’s exports are expected by RHB Research Institute Sdn Bhd (RHB Research) to pick up modestly to two per cent in 2017. According to RHB Research, exports bounced back into a growth of 7.8 per cent year on year (y-o-y) in November, from a decrease of 8.6 per cent in October and compared with a three per cent drop in September. “The steep decline in October’s figure was weighed down by a high base effect,” the research house in an economic update. “The reversal was mainly on account of a sharp rebound in shipments of non-electronics and electrical (E&E) Read More
  • MITI gearing up to face Industry 4.0 (sub-sectors are in tandem with the Industry 4.0 such as electrical and electronics, aerospace and car sectors) +

    KUALA LUMPUR: The Ministry of International Trade and Industry (MITI) will use the findings of the study on 'Future of Manufacturing' to formulate strategies to face the wave of Fourth Industrial Revolution (Industry 4.0). Its Minister, Datuk Seri Mustapa Mohamed, said the study, currently being undertaken by the ministry, would be concluded by the third quarter of 2017, "It aims to provide deep analyses of five catalytic and high potential growth industries and sub-sectors," he said after witnessing the exchange of a memorandum of understanding (MOU) between the Malaysian Investment Development Authority (MIDA) and Rockwell Automation (M) Sdn Bhd here Read More
  • Pikom (ICT Association of Malaysia) eyes another 2,000 firms to join new e-commerce chapter +

    PETALING JAYA: The National Information and Communications Technology (ICT) Association of Malaysia (Pikom) is eyeing to draw an additional 2,000 local e-commerce players to participate in its new chapter -- E-Commerce Malaysia -- by year-end. The chapter aims to promote Malaysian e-commerce players through regional and global initiatives. “Currently, there are 1,000 Pikom members joining the new chapter, and we are confident of achieving our membership target as the industry is booming not only in Malaysia but the entire Asean region,” said Pikom deputy chairman Ganesh Kumar Bangah after the launch of E-Commerce Malaysia in Petaling Jaya on Thursday. Ganesh, who is Read More
  • Companies raise almost a trillion from capital market over last decade - Najib +

    KUALA LUMPUR-- The Malaysian capital market has been a vibrant source of fundraising and investment as evident from the healthy RM978 billion raised through it over the past decade, Prime Minister Datuk Seri Najib Tun Razak said. He said the capital market is supported by extensive market intermediaries and a sizeable fund management industry, while governed by a robust, conducive regulatory framework under the purview of the Securities Commission (SC). "Malaysia's development, and many public and private initiatives, have been facilitated by the availability of ample financing," he said in his keynote address at the International Investment Fund Forum 2017 Read More
  • Malaysia launches 5-years Islamic Fund and Wealth Management Blueprint +

    KUALA LUMPUR: Malaysia has launched a five-year Islamic Fund and Wealth Management Blueprint, to further strengthen the country's position as a global hub for Islamic funds by 2021. The plan, the first of its kind globally, is also aimed at developing the country as an international provider of Islamic wealth management services. It was launched by Second Finance Minister Datuk Johari Abdul Ghani at the International Fund Forum 2017 here, today. The 51-page blueprint comprises three strategic thrusts, namely strengthen Malaysia's position as a global hub for Islamic funds, establish the country as a regional centre for shariah-compliant sustainable and Read More
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