Najib: Barisan needs Chinese support

Posted on : 26-11-2014 | By : sabah today | In : News

November 26, 2014
KUALA LUMPUR: Barisan Nasional will not survive the next general election if Umno cannot retain the support of the Chinese community.
Umno president Datuk Seri Najib Tun Razak said it was unwise and a bad strategy to sideline other communities, adding that Barisan must have appeal for all races if it wanted to remain in power.
Umno, he said, could continue to be progressive and inclusive without sacrificing its core struggle of upholding the interests of the Malays.
This message of inclusivity was the thrust of Najib’s closed-door briefing yesterday for over 5,000 delegates to the Umno general assembly.
“The president made it clear that Umno and Barisan will not survive the next general election if the party cannot at least retain the 10% to 15% Chinese support that it obtained in the last polls,” said a delegate.
“He told us to maintain and increase support not just from the Chinese and Indians but from the communities in Sabah and Sarawak.
“He reminded us that if we had received 25% of the Chinese votes in the last general election, Barisan would have won two-thirds of the seats in Parliament.”
He said Najib also strongly advised Umno delegates to be careful in raising and commenting on sensitive issues so they did not scare away their non-Malay supporters.
Cheras Umno division chief Datuk Seri Syed Ali Alhabshee fully supported the president’s reminder that Barisan needed the support of non-Malays to do well in the general election.
“I can identify with that because I come from an urban division where Malays are the minority and non-Malays are the majority. Najib’s reminder to be sensitive and careful when commenting on issues makes sense.
“Like it or not, we need the support of non-Malays if we want to regain the two-thirds majority in Parliament,” said Syed Ali.
Supreme council member and Kedah Mentri Besar Datuk Seri Mukhriz Mahathir said Najib’s advice for Umno to be sensitive to the feelings of other races was timely as it would be tough for Barisan in the next general election without the support of non-Malays.
“We cannot win, especially if we want the two-thirds majority, if we depend solely on Malay votes; we have to be more inclusive of all other races.
“We have been doing this all the while but perhaps sensitive matters should not be discussed too openly,” said Mukhriz.
Najib, who had stressed on the need for the party to appeal to the youth, expressed frustration over young Malays joining other parties, including DAP, instead of Umno.
He acknowledged that one of the reasons Gen-Y Malays did not want to become party members was because certain division chiefs did not give them enough room to participate.
Najib also addressed what has been billed a major grassroots concern – that Umno was losing sight of its core struggle to champion the Malay agenda.
He assured the delegates that he personally monitored all government projects to help bumiputras, saying that 27 government-linked companies (GLCs) had been given very strict Key Performance Indicators (KPIs).
The heads of the GLCs who could not meet their bumiputra-agenda KPIs would be considered failures no matter how successful they were in other areas.
Among the on-going efforts to boost bumiputra economic empowerment was the policy that all major projects must have bumiputra involvement, said Najib.
This, he said, included 11 mega-projects valued at RM23.5bil.
Putrajaya Umno member Tun Faisal Ismail Aziz said there were mixed feelings among the delegates in Dewan Merdeka during the briefing.
“We understand his message but the challenge is going to be how all this can be implemented. Finding out how best we can do this will be the main focus of debates at the assembly,” he said.
(Source: The Borneo Post)
November 26, 2014
KUALA LUMPUR: Barisan Nasional will not survive the next general election if Umno cannot retain the support of the Chinese community.
Umno president Datuk Seri Najib Tun Razak said it was unwise and a bad strategy to sideline other communities, adding that Barisan must have appeal for all races if it wanted to remain in power.

Malaysia’s deficit could dip below 3pc, says IMF

Posted on : 26-11-2014 | By : sabah today | In : News

November 26, 2014
KUALA LUMPUR: With fuel subsidy locking in the impact of lower oil prices, Malaysia’s deficit could decline below three per cent of gross domestic product (GDP) in 2015, said the International Monetary Fund.
Its Mission Chief for Malaysia Alex Mourmouras said the overall fiscal strategy should bolster equality, with budgeted cash transfers tightly targeted at low-income groups.
“The mission welcomes the move toward performance-based budgeting, and the plans to introduce accrual accounting,” he said in a statement Tuesday.
Mourmouras led the IMF team to Kuala Lumpur and Putrajaya on Nov 13-24, 2014 to conduct discussions for the 2014 Article IV Consultation with Malaysia.
Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with its members, usually every year.
Mourmouras said the current account surplus is projected to rise to about 5.0 per cent of GDP in 2014, as import growth has slowed and supported by a modest recovery in external demand.
“The mission commends the authorities for taking significant steps to strengthen the resilience of the Malaysian economy, while maintaining macroeconomic stability,” he added.
He said measures such as the removal of fuel subsidies and the introduction of a goods and services tax (GST) are decisive moves that should help ensure the sustainability of government finances.
Mourmouras added that the measures also allow more spending aimed at promoting sustainable and equitable medium-term growth.
He also noted that Bank Negara Malaysia’s proactive policies, including a series of measured controls on bank lending and an increase in its policy rate last July, have helped contain inflationary pressures and address financial imbalances.
Malaysia’s near-term growth prospects also remain strong, with real GDP growth in 2014 projected at close to 6.0 per cent, while private domestic demand is expected to remain robust.
“A moderate increase in inflation is expected in 2015 following GST implementation but subdued underlying inflationary pressures will mitigate its impact,” said Mourmouras.
He added that Malaysia’s recent strong economic growth, high investment and improvements in business environment scorecards were impressive.
However, he said, lower potential growth in the advanced economies makes maintaining the growth performance more challenging and provides an additional imperative for structural reforms. – Bernama
(Source: Daily Express)
November 26, 2014
KUALA LUMPUR: With fuel subsidy locking in the impact of lower oil prices, Malaysia’s deficit could decline below three per cent of gross domestic product (GDP) in 2015, said the International Monetary Fund.

‘Fuel subsidy removal, positive for economy’

Posted on : 24-11-2014 | By : sabah today | In : News

24 NOVEMBER 2014
KUALA LUMPUR: The fuel subsidy removal by the government is a positive move and will not have a significant impact on the economy, research firms said.
RHB Research Institute said it believed the decision was right, as it can ease the government’s subsidy burden, given that falling crude oil prices will impact oil revenue negatively.
It will also put pressure on the government budget deficit.
“We do not expect the move to impact the economy negatively, as we believe consumers as well as businesses, can adjust to it and will likely get used to it over time.
“The savings from the fuel subsidy can then be used for more productive purposes such as development and improve the country’s competitiveness,” the institute said in a note, Monday.
The government, last Friday, announced that the retail prices of RON95 petrol and diesel would be fixed on a managed float system from December 1.
It may consider introducing a multi-tiered targeted fuel subsidy mechanism later, if oil prices were to spike again, and the move is to help deal with the rising cost of living for the mid-to-lower-income groups.
RHB Research said the managed float system would likely prevent businesses from simply raising prices each time the fuel subsidy is cut.
Increasing fuel prices by the government has worsened inflation in the country in recent years.
“We believe the strength of economic growth will likely be a more important consideration, relative to inflation for monetary decision in 2015, given the challenging global economic environment,” it added.
Meanwhile, Kenanga Investment Bank Bhd expects little to no impact on inflation, as the fuel price hike in October had already brought it close to the unsubsidised rate.
It said this should have minimal impact on the monetary policy which the research firm feels would be more concerned about weaker global growth next year.
“Nonetheless, the move will definitely help the government towards fiscal consolidation and making the fiscal deficit target of 3.5 per cent of gross domestic product in 2014 and 3.0 per cent in 2015, more than likely, achievable,” it said.
Kenanga retained its inflation forecast of 3.3 per cent for this year.– Bernama
(Source: New Straits Times)
24 NOVEMBER 2014
KUALA LUMPUR: The fuel subsidy removal by the government is a positive move and will not have a significant impact on the economy, research firms said.

Malaysia’s inflation rate up 2.8% in October

Posted on : 21-11-2014 | By : sabah today | In : News

21 November 2014
KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.
The Statistics Department said on Friday the inflation rate, which is measured by the consumer price index (CPI), increased by 0.5% from September. For January to October, the CPI increased by 3.2%.
The department said the higher CPI in October was due to the rise in the index for transport by 5.3%; restaurants and hotels (+4.6%).
As for housing, water, electricity, gas & other fuels, it increased by 3.4% and also rose at the same pace for health costs. Food & non-alcoholic beverages increased by 2.8%.
“These five groups of goods and services contributed 95.3% to the increase in the CPI for the month of October this year,” it said.
The department said when compared with September, the CPI for October increased by 0.5% due to higher transport costs ( +5.1%) while for health and restaurants & hotels, there was a 0.1% increase respectively.
The CPI for January-October increased by 3.2% to 110.2 from the previous corresponding period.
It said the increase has due to higher costs for alcoholic beverages & tobacco (+11.9%); transport ( +4.9%); restaurants and hotels (+4.8%); food & non-alcoholic beverages increased by 3.5% and housing, water, electricity, gas & other fuels (+3.3%).
(Source: The Star)
21 November 2014
KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.

Sabah company vying to win RM250,000 SME prize

Posted on : 20-11-2014 | By : sabah today | In : News

20th November, 2014
KUCHING: Sabah-based DOU Food & Beverage, maker of non-diary ice cream, is in line for a RM250,000 prize in an entrepreneur challenge organised by one of Malaysia’s top banks.
The young company, operating from a rented space at a hypermarket along Jalan Penampang, is among 20 finalists in the SME Innovation Challenge 2014 sponsored by Alliance Bank Malaysia Bhd. The results will be announced in Kuala Lumpur on Nov 28.
The project, in its second year, comes under Alliance’s The BizSmart Academy that is a ‘holistic proposition to the SME community; combining business education, thought leadership, mentoring and funding’, said the bank’s senior executive vice president and head of business banking, Steve Miller (pictured).
DOU is one of three finalists from east Malaysia. The other Sarawak-based finalists are Tanoti, maker of high quality Sarawak songket (hand woven fabric) and The Kitchen Food, maker of instant kampua noodles, a Sarawakian delicacy associated with the Foo Chow community.
Miller said Alliance’s attention on SMEs is because of the sector’s importance to Malaysia’s gross domestic product and its potentials.
“In Malaysia, the SMEs account for 33% of the country’s GDP, 57% of employment and 19% of exports,” he said at a media briefing cum networking event here on Tuesday.
“The services sector which includes retail, wholesale, transport and more, is expected to contribute 65% of the country’s GDP in 2020.This underscores the importance of SME’s contribution to Malaysia’s economic growth and ambitions.”
The first SME Innovation Challenge was won by Petaling Jaya-based shoe-maker Christy Ng, with a special RM100,000 prize awarded to textbookasia, which sells and buy back books to college and university students.
The prize money has been increased to RM600,000 this year. Aside from the winner’s prize of RM250,000 which is sponsored by entrepreneur Tan Sri Liew Kee Sin, there are runner-up prizes worth RM150,000 and RM100,000 respectively, and a Technology Award sponsored by Microsoft worth RM100,000.
Tan Sri Liew of EcoWorld Development also serves as one of the mentors of the project. His company, along with Microsoft Malaysia, Groupon Malaysia, Telekom Malaysia Bhd, and Cradle Fund Sdn Bhd, are supporters of the Alliance Bank project.
Meanwhile, statistics revealed by Alliance Bank show that with 40,884 SMEs, Sabah has the smaller number compared to Sarawak (43,830). SMEs in the two states make up 13.1% of the national total (662,939) of which 17,803 are considered ‘large firms’ while others are classified under micro, small and medium.
Speaking at the event, DOU spokesman and founding partner Jonathan Liew, who is lactose-intolerant, said he and a college mate hit on the idea of making non-diary ice cream to satisfy his cravings for ice cream.
With partner Larry Teo, they went through ‘hundreds of samples’ before perfecting their recipe for making ice creams from soya beans.
Their venture is believed to be the only soy milk ice cream-maker in Sabah, if not Malaysia.
“We plan to expand by going into manufacturing and distributing our ice cream to restaurants and supermarkets,” said Jonathan, thanking Alliance for the SME Innovation Challenge. “We learnt a great deal that will certainly be of help to us as we develop our business.”
Earlier, Miller had commented that most of the finalists of the challenge have products good enough to grow their businesses ‘irrespective whether they win the Challenge’.
The inaugural challenge attracted just 13 entries. This year’s entries ballooned to 450 and Miller believes that the interest among SMEs will continue to grow.
(Source: New Sabah Times)
20th November, 2014
KUCHING: Sabah-based DOU Food & Beverage, maker of non-diary ice cream, is in line for a RM250,000 prize in an entrepreneur challenge organised by one of Malaysia’s top banks.

More strategies needed to spur biotechnology growth — Najib

Posted on : 20-11-2014 | By : sabah today | In : News

November 20, 2014
KUALA LUMPUR: More aggressive strategies are needed to spur and sustain the growth of the biotechnology industry beyond 2020 as the complexity of the bio-based industry increases, said Prime Minister Datuk Seri Najib Tun Razak yesterday.
In this regard, he said, the role of BioNexus companies in Malaysia’s bioeconomy would undoubtedly become more prominent in ensuring a sustainable economic growth.
“The third phase of the National Biotechnololgy Policy, which will begin in 2016, will focus on global business, where the target is for Malaysia to become a global player by 2020,” he said.
Najib said this at the opening of the BioMalaysia and Asia Pacific Bioeconomy Conference and Exhibition 2014 here yesterday.
Currently, Malaysia has 240 BioNexus companies with a total approved investments of over RM4.41 billion.
Najib said the strategy would focus on collectively strengthening BioNexus companies, the universities and research institutes, whereby these companies would be able to tap the resources available to increase their innovation and strengthen their research and development capability through this framework.
He said the bio-based industries were considered a strategic high-impact, high-growth and high-technology sector capable of driving the development of innovative conversion technologies.
Najib said this would generate new economic opportunities and create a broad spectrum of pioneering industry segments in the country.
“Bioeconomy has been identified as a game changer for Malaysia’s economy.
“With our biodiversity and the abudance of biological resources, bioeconomy has the potential to increase the country’s economic competitiveness, creates more job opportunitites, enhance healthcare, ensure food security and address environmental as well as sustainability concerns,” he said.
He said the government, through the efforts of Ministry of Science, Technology & Innovation and BiotechCorp, was currently embarking on a comprehensive development agenda that promoted the use of renewable chemicals and bio-based products, through an initiative called the Bioeconomy Transformation Programme (BTP).
“As we push the boundaries of transformation to ensure that the changes are truly holistic and inclusive, encompassing economic, governance as well as social and political aspects, the BTP initiative is really a crucial component of the government’s economic transformation agenda,” he said.
Najib said total approved investments in Malaysia’s bio-based industry from 2011 to date had more than doubled to RM18.98 billion compared with the target of RM9 billion previously set for the 2011-2015 period.
He said this significant achievement for Phase 2 of the National Biotechnololgy Policy had generated benefits to the people and nation, by creating jobs for graduates, providing exposure to innovative and cutting-edge technology.
Bioeconomy agenda in Malaysia aims to achieve RM48 billion in gross national income in 2020, attract RM50 billion in investments and create 170,000 job opportunities by 2020.
“This Bioeconomy Transformation Programme initiative will make it easier for local bio-based companies to grow even faster to complete in the international market, simultaneously create broader income opportunities and enhance the value of our nation’s human capital,” he said.
Najib said the government was aware of the shortage of talent faced by biotech enterprises, adding that this could be solved through innovative partnerships between the government, private and public institutions.
“We need to develop the needed human capital resources by equipping talents with the necessary skills and knowledge, fostering an innovative culture and improving performance through training,” he said.
Najib said universities and other institutions of higher learning could certainly be positioned to be the main providers of knowledge-workers to fill the job opportunities created by the bio-based industry.
The prime also also witnessed six collaborations to strengthen Malaysia’s biotechnology and bioeconomy growth, with investments valued totalling more than RM250 million. — Bernama
(Source: The Borneo Post)
November 20, 2014
KUALA LUMPUR: More aggressive strategies are needed to spur and sustain the growth of the biotechnology industry beyond 2020 as the complexity of the bio-based industry increases, said Prime Minister Datuk Seri Najib Tun Razak yesterday.

Petronas csr programme for sabah’s rural areas to be launched early next year

Posted on : 17-11-2014 | By : sabah today | In : News

November 17, 2014
Najib delivering his speech during the opening of PBS’ 29th Annual Delegates’ Conference. Also seen are Sabah chief minister Datuk Seri Musa Aman ( fourth left) and Pairin (third right). — Bernama photo
KOTA KINABALU: Prime Minister Datuk Seri Najib Tun Razak announced yesterday that Petronas will launch a corporate social responsibility (CSR) programme specifically for Sabah’s rural areas early next year.
He said more CSR programmes were needed in Sabah to ensure a more balanced development between urban and rural areas as well as to improve facilities and infrastructure in these areas.
“(Parti Bersatu Sabah president) Tan Sri Joseph Pairin Kitingan (in his speech at PBS’ annnual delegates conference) had said that although there was development in terms of schools and housing in Sabah’s rural areas, there are still people who are poor.
“It is our aim to help so that there is more development in Sabah in line with the development agenda in the peninsula,” he said when opening Parti Bersatu Sabah’s (PBS) 29th Annual Delegates’ Conference here yesterday.
“I also agree that CSR programmes be increased in Sabah especially in the rural areas. I will be coming to Sabah early next year to launch Petronas’ CSR programme for the rural areas) here,” he added.
Also present were Sabah Chief Minister and state Barisan Nasional (BN) chairman Datuk Seri Musa Aman, BN secretary-general Datuk Seri Tengku Adnan Tengku Mansor and Sabah BN secretary Datuk Abdul Rahman Dahlan.
Najib said the move was a commitment by the government to develop and help the people of Sabah, especially the poor.
Najib, who is also Finance Minister, said at present, the state government received five per cent in petroleum royalty or RM1 billion a year besides a 10 per cent stake in Petronas LNG Train 9 Sdn Bhd in Bintulu, Sarawak, which gave additional income to the people of Sabah.
“We understand the people of Sabah wanting more petroleum royalty but what is important is not the royalty but the income of the state.
“If you want, we can give out shares in the Sabah Ammonia-Urea Project (Samur), so that the people of Sabah can benefit from the petroleum investment,” he said.
On the issue of security, Najib said the government gave secuiruty in Sabah top priority and had approved an allocation of RM660 million to the Eastern Sabah Security Command (ESScom) for this purpose.
He said the federal government with the cooperation of Petronas was renovating some oil rigs off Sabah’s east coast, which would function as the first-line of defence, to have radar systems besides stationing navy personnel and other teams there as well as equipping the ESSCom with speed boats.
He also expressed his thanks to the security forces for combating cross-border crime on the east coast of Sabah recently, which was proof of the government’s stern action in the case. — Bernama
(Source: The Borneo Post)
November 17, 2014
KOTA KINABALU: Prime Minister Datuk Seri Najib Tun Razak announced yesterday that Petronas will launch a corporate social responsibility (CSR) programme specifically for Sabah’s rural areas early next year.

Najib: Form is visually different from certificate

Posted on : 17-11-2014 | By : sabah today | In : News

November 17, 2014

KOTA KINABALU: The birth record document, which will replace the birth certificates issued for stateless children in Malaysia, especially in Sabah, is to allay fears that they will end up becoming automatic citizens.

World’s 1st commercially hatched lobster

Posted on : 17-11-2014 | By : sabah today | In : News

17 November 2014

TUARAN: A small high-tech facility here became the envy of many as it recorded the world’s first commercially hatched ornate spiny lobsters, or Panulirus ornatus.

The success of the Integrated Lobster Aquaculture Park (iLAP) Mini Commercial Hatchery marked a massive leap for the state in cutting-edge technology, taking Malaysia closer to the global market for lobsters, valued at US$4 billion (RM13.4 billion) annually.

Kota Kinabalu’s UTC ePerolehan to offer GST registration advice

Posted on : 17-11-2014 | By : sabah today | In : News

November 17, 2014

KOTA KINABALU: The ePerolehan (ePC) Centre at the Urban Transformation Centre(UTC) Sabah here, will offer companies registration services for the Goods and Service Tax (GST).

Federal Govt will uphold 10-point solution: Najib

Posted on : 17-11-2014 | By : sabah today | In : News

November 17, 2014

KOTA KINABALU: The Federal Government is committed to upholding the 10-point solution with religious groups which among others allow for the unhindered importation of Christian religious materials into Sabah and Sarawak.

20 years more to return timber as key contributor

Posted on : 17-11-2014 | By : sabah today | In : News

November 17, 2014

KOTA KINABALU: It will take Sabah 20 years more to return timber as a major contributor to the State’s Gross Domestic Product (GDP), said Sabah Forestry Director Datuk Sam Mannan.

At present, timber revenue is at a historic low, generating around RM100 to RM150 million annually, which he described as a ‘famine’ period.

Najib assures Sabah of more revenue from oil and gas resources

Posted on : 16-11-2014 | By : sabah today | In : News

November 16, 2014

KOTA KINABALU: Datuk Seri Najib Tun Razak has assured Sabah that it would continue to get more revenue from its oil and gas resources.

The prime minister said apart from the oil and gas royalty of five per cent, Sabah was also given a 10 per cent stake in Petronas LNG Train 9 Sdn Bhd in Bintulu, Sarawak, which would generate an additional revenue to the state and its people.

RCI report goes public next month

Posted on : 16-11-2014 | By : sabah today | In : News

16th November, 2014

KOTA KINABALU: The Royal Commission of Inquiry (RCI) Reports on the presence of illegal immigrants in Sabah will be made public next month.

And Deputy Chief Minister Tan Sri Joseph Pairin Kitingan and Upko honorary president and former federal minister Tan Sri Bernard Giluk Dompok will be appointed to lead a committee to refine the reports and take subsequent action.

UCAPAN PENGGULUNGAN PENGGAL KEDUA SIDANG DEWAN UNDANGAN NEGERI YANG KE EMPAT BELAS NEGERI SABAH 07 – 13 NOVEMBER 2014

Posted on : 14-11-2014 | By : sabah today | In : Uncategorized

UCAPAN PENGGULUNGAN

PENGGAL KEDUA
SIDANG DEWAN UNDANGAN NEGERI YANG KE EMPAT BELAS NEGERI SABAH
07 – 13 NOVEMBER 2014