Malaysia Economy to grow 5% in 2018 – New York-based global, independence business research association

Posted on : 15-11-2017 | By : sabah today | In : Uncategorized

NEW YORK: The Conference Board, a New York-based global, independent business research association, has projected that Malaysia will record a 5% gross domestic product (GDP) growth in 2018, slightly lower than the 5.5% growth forecast this year.

In its latest Global Economic Outlook 2018 released on Monday, it said Malaysia is not the only Asean country to face a decline.

Thailand’s GDP growth is also projected to decline to 3% in 2018 from 3.8% in 2017.

The report attributed Malaysia’s economic slowdown to the decline in oil and other commodity prices, which are not likely to rise above their current levels next year.

Nevertheless, the overall global economy’s momentum is expected to continue, producing a 3% global growth rate in 2018.

“Global growth has finally left the starting gate since the global economic and financial crisis, and GDP growth, which we predicted to grow at 2.8% a year ago, is likely to end at about 3% for 2017 and through 2018,” said chief economist of The Conference Board, Bart van Ark.

While the growth path of mature markets will remain solid in the short term, the potential for accelerated growth is limited, and a growth slowdown is likely to set in later in this decade.

“As some major emerging markets are maturing themselves, especially China, they are unlikely to return to growth trends of the past.

“The good news is that qualitative growth factors, such as an improvement in labour force skills, digitisation, and especially stronger productivity growth, may help to sustain growth and provide better conditions for businesses to thrive over the next decade,” he said.

The Conference Board said the growth momentum in mature economies has intensified during 2017, and is projected to grow by 2.1% in 2018 compared to 2.2% in 2017.

It said the United States’ (US) economy will benefit from carrying stronger investment growth into next year, while several European economies may see some weakening of cyclical tailwinds and fall back to their medium-term growth trend by mid-2018.

However, it projected that emerging markets will grow by 3.8% compared to 3.7% in 2017, adding that there will be significant differences across countries.

China has a somewhat stronger growth in 2017 due to a revival in exports and ample government support of the economy in the run-up to the Party Congress in October, but will continue its long, soft fall going into 2018.

“India, which had a weaker-than-expected year due to implementation difficulties with major policy initiatives, such as the demonetisation of large currency notes and the introduction of a country-wide goods and services tax, will see improved growth in 2018, largely driven by consumption,” van Ark said.

But the Conference Board also warned of risks for the duration of the current strength of the global economy, notwithstanding the stabilisation of energy and commodity prices, improved business confidence, cyclical recovery in Europe, and China’s policy-driven growth stimulus.

A weak recovery in investment, for example, may limit the speed with which technology can be translated into productivity growth, while a slowdown in consumption growth is possible in several countries, as real wage growth remains slow, even as labour markets tighten.

It said policy and geopolitical risks (Brexit, US policy, refugee crisis, terrorism, natural disasters) can interrupt the economic growth trend.

An acceleration in protectionism or a trade war between the US and China, and increased risk of political or even military conflicts in different parts of the world, are other risks that threaten stability and the growth trajectory.

Nevertheless, according to the Conference Board, several forces could help to strengthen the quality of growth and make it more sustainable over the next decade.

Labour shortages, for instance, may help to induce faster investment growth, especially in sectors with high demand for scarce talent.

“This increased capital intensity is a source of labour productivity growth, particularly for Europe, the US and other mature economies,” it said.

The Conference Board said China’s growth path had slowed down considerably and the trend will continue in 2018 with an expected 3.9% growth, down from 4.2% in 2017.

Meanwhile, it said Japan’s 2018 growth will be at 1% (1.5% in 2017).

India will continue with its growth trajectory with a projected 6.5% growth in 2018, up from 6.2% in 2017, while Vietnam will grow at 6% in 2018, up from 5% in 2017.

SOURCE:- FREE MALAYSIA TODAY

Malaysia can further improve in the area of starting a business – World Bank country manager in Malaysia, Faris Hadad –

Posted on : 02-11-2017 | By : sabah today | In : Uncategorized

KUALA LUMPUR: Malaysia can make further improvements in the area of starting a business despite the six reforms carried out towards it over the last 15 years, said the World Bank.

Its Country Manager in Malaysia, Faris Hadad-Zervos, said as the government continued to strengthen the business regulatory framework, it was important to focus on this area, especially where small and medium firms were facing difficulties.

“Malaysia has eased new business registrations by establishing a one-stop shop service and streamlining the registration process through the introduction of e-lodgement.

“In doing so, the time needed to register a new business has more than halved from 36 days 15 years ago to 18 now, while the cost has been reduced from 33 per cent of income per capita to five per cent today,” he told reporters after launching the World Bank Group’s latest Doing Business report here today.

The Doing Business 2018: Reforming to Create Jobs, finds that reforms of the past year were adopted in the areas of getting credit, trading across borders and protecting minority investors.

The report also said that Malaysia continued to improve its business climate for local entrepreneurs in enacting three business reforms during the past year.

In improving access to credit for example, Faris said the country had established a modern collateral registry.

In addition, Malaysia made importing and exporting easier by improving the infrastructure, equipment and facilities at Port Klang, which triggered a reduction on the border compliance time for both, he added.

Among others, the report launched today revealed that Malaysia remained in the top 25 among 190 global economies.

However, the ranking was also a marginal fall to 24th position from the 23rd spot attained last year.

The World Bank report is the 15th in a series of annual reports measuring regulations affecting 11 areas of the life of a business.

Over the past 15 years, Malaysia has implemented 23 reforms towards improving business regulations, much higher than the per country average of 15 in the East Asia and Pacific regions.

SOURCE–BERNAMA

Prince Charles, Camilia arrive on official visit to Malaysia

Posted on : 02-11-2017 | By : sabah today | In : Uncategorized

SEPANG: Prince Charles, the Prince of Wales, and his wife Camilla, the Duchess of Cornwall, arrived today on an official visit to commemorate the 60th anniversary of bilateral relations between Malaysia and the United Kingdom.

The Royal Air Force aircraft carrying, Their Royal Highnesses landed at KLIA at 6.45 pm, they were welcomed by Minister-in-Attendance Datuk Seri S. K. Devamany, who is Deputy Minister in the Prime Minister’s Department.

Also present were Deputy Foreign Minister Datuk Seri Reezal Merican Naina Merican and the British High Commissioner to Malaysia Vicki Treadell.

Prince Charles and Camilla then walked past a static guard-of-honour.

Their Royal Highnesses are scheduled to visit a number of places in Kuala Lumpur, Perak, Sarawak and Penang, as well as participate in various significant events over the span of seven days from Nov 2 to 8.

Prince Charles and Camilla are expected to engage with all levels of Malaysians, from royalty to underprivileged children as well as the business community.

Their Royal Highnesses are expected to have an audience with the Yang di-Pertuan Agong, Sultan Muhammad V, at Istana Negara and grant an audience to Prime Minister Datuk Seri Najib Razak and his wife, Datin Seri Rosmah Mansor.

This is the maiden visit by Their Royal Highnesses to Malaysia.

Previous visits by the British royalty here were by Her Majesty Queen Elizabeth II and the Duke of Edinburgh who attended the official opening of the 16th Commonwealth Games in Kuala Lumpur in 1998 and the visit by Prince William and Kate Middleton, the Duke and Duchess of Cambridge, in September 2012.

Relations between Malaysia and the United Kingdom encompass a wide range of areas including trade, defence and security, education, digital economy, green technology, renewable energy, culture and tourism.

Malaysia is the United Kingdom’s second largest export market in ASEAN and the UK is Malaysia’s third trading partner in Europe, while in the field of education, there are currently more than 18,000 Malaysians studying in the UK.

The royal visit is part of a tour of Singapore, Malaysia and India from Oct 30 to Nov 9. Prince Charles and Camilla began their tour in Singapore on Oct 30. After visiting Malaysia, they will tour India for 11 days.

SOURCE- BERNAMA

Sabah to work with China in achieving win-win cooperation

Posted on : 28-09-2017 | By : sabah today | In : Uncategorized

KOTA KINABALU: The Sabah State Government welcomes China’s Belt and Road Initiative and looks forward to working together with China in achieving win-win cooperation, enabling more projects to be realized in the State and in matching development strategies.

Chief Minister Tan Sri Musa Haji Aman said the relationship between China and Sabah had developed rapidly in recent years.

“We hope to welcome more tourists and investors from China for sightseeing and investment,” Musa said in his speech at the 68th anniversary reception of the founding of the People’s Republic of China here yesterday.

His speech was delivered by the Deputy Chief Minister Tan Sri Joseph Pairin Kitingan.

The event was graced by the Head of State Tun (Dr) Haji Juhar Bin Haji Mahiruddin and Toh Puan Hajah Norlidah binti Tan Sri Datuk RM Jasni.

In recent years, Musa said China’s economic development had grown rapidly and the country had become a role model for nations that were committed to realizing development within their own capabilities.

As the world’s second largest economy, he said China’s development model and path had brought the world’s attention.

“China has demonstrated to the world the image of a responsible big country, which proposes development in peace and adopts the principle of mutual benefit and win-win strategies which are welcomed by most countries.

“Such an approach is even more crucial in this day and age when the world is facing rampant unilateralism, extremism and national egoism.”

Musa said the friendship between China and Malaysia had a long history, tracing back to the establishment of a diplomatic relationship over 40 years ago.

He said the comprehensive strategic partnership between both countries had led to maintaining a good momentum of development, and was now in the best period of history.

“This has been achieved through various efforts and by focusing on similar visions such as in sustaining peace, harmony and development.

“Such efforts have led to logistic collaboration in various fields, thus setting a good example in the region of friendly cooperation between two nations which mutually benefits the people of both countries.”

Musa also acknowledged the good work done by the office of the Consulate General of China in Kota Kinabalu.

He said the consulate continued to facilitate efforts in relation to education, culture, tourism and trading.

“It has further strengthened the relationship between Sabah and China and ensured mutually beneficial collaboration.

“The State Government shall continue to provide support and assistance to your office on your future undertakings.”

Also present at the event were State Legislative Assembly Speaker Datuk Seri Panglima Haji Syed Abas Bin Syed Ali, Minister of Tourism, Culture and Environment Datuk Seri Panglima Masidi Manjun, Minister of Special Tasks Datuk Teo Chee Kang, Assistant Minister to the Chief Minsiter Datuk Edward Yong Oui Fah and Datin Mary Wong, Assistant Minister of Tourism, Culture and Environment Datuk Pang Yuk Ming, Deputy Speakers of the State Legislative Assembly Datuk Johnny Mositun and Datuk Dr Johnson Tee, Pairin’s wife Puan Sri Genevieve Kitingan, Mayor Datuk Yeo Boon Hai, Consul General of the People’s Republic of China in Kota Kinabalu, Liang Caide and Deputy Consul General, Zhang He, Senator Wilfred Yong, Sabah United Chinese Chambers of Commerce (SUCCC) president Tan Sri Andrew Liew, SUCCC Superivsory Committee chairman Datuk Seri Panglima Chong Nyuk Yong, SUCCC deputy president Datuk Ling Tiong Chai, Malaysia-China Chamber of Commerce (MCCC) vice president Datuk Lau Kok Sing, MCCC Sabah branch president Datuk Frankie Liew, Kota Kinabalu Chinese Chamber of Commerce and Industry (KKCCCI) president Datuk Michael Lui,  Sabah Association of Tour and Travel Agents (Satta) president Datuk Seri Winston Liaw, Sabah Dong Zong chairman Datuk Jimmy Yong, Kota Kinabalu Hokkien Association president Datuk Clement Yeh, Asia Times proprietor Datuk Tiong Tan Hua and KTS Trading Sdn Bhd Sabah area operation manager Wong Kee Mee.

SOURCE:- THE BORNEO POST

Online banking users more than double in the last three years

Posted on : 26-09-2017 | By : sabah today | In : Uncategorized

KUCHING: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has seen a 106 per cent increase over the last three years in the number of customers using its online banking services.

With the growing presence of and reliance on mobile phones and tablets, these customers are also making more online banking transactions. The number of online transactions, such as fund transfers and bill payments, rose by 133 per cent over the same period.

According to data from UOB Malaysia, the number of online fund transfers and bill payments increased by 184 per cent and 90 per cent respectively from August 2014 to July 2017.

The data also showed that in the first seven months of 2017, online fund transfers accounted for 59 per cent of all online financial transactions while bill payments made up another 12 per cent.

UOB Malaysia managing director and country head of personal financial services, Ronnie Lim, said consumers’ busy lifestyles demand that their banking and payment needs are simply and conveniently met.

“Consumers expect to have ease, speed and flexibility to carry out their financial transactions in keeping with the pace of their lifestyles.

“Rather than queue at bank branches and post offices during their lunch break to pay their bills, now they can carry out their banking transactions on the go and at their convenience. All they need to do is to log on to UOB Malaysia’s internet banking website from their desktops or on their mobile phones.”

In keeping with the preferences and online transaction habits of Malaysian consumers, UOB Malaysia has improved its Personal Internet Banking (PIB) website to enhance the online banking experience.

UOB Malaysia’s PIB facility has been upgraded to include a responsive user interface, which is compatible with tablets and smartphones to enable customers to access their accounts at any time and to transfer funds safely via their mobile devices.

Through PIB, customers are able to transfer funds by simply entering the recipient’s mobile phone number and an access code will be sent to the recipient via a text message. To accept the funds, the recipient will have to log on to the PIB website and key in the code. The money will then be sent to their bank account of choice.

In light of the growing demand for safe-haven investments such as gold, UOB Malaysia’s PIB enables customers to buy and to sell the precious commodity online, without having to visit a bank branch.

With the bank’s enhanced PIB capabilities, customers are also able to transfer foreign currency held in their investment accounts to their ringgit-denominated savings and current accounts.

“At UOB Malaysia, we harness digital technology and data analytics to ensure our customers’ banking experience is simple, secure and widely accessible. Given how indispensable the smartphone has become to our customers, we recognise how mobile technology shapes their expectations, changes their preferences and influences their lifestyles.

“This is why we will continue to invest in building our internet and mobile banking capabilities to offer our customers access to simple and secure services through their smartphones at their convenience,” Lim said.

SOURCE:- THE BORNEO POST

UTP (Universiti Teknologi PETRONAS) seals MoU with Microsoft Malaysia

Posted on : 22-08-2017 | By : sabah today | In : Uncategorized

KUALA LUMPUR– Universiti Teknologi PETRONAS (UTP) today sealed a Memorandum of Understanding (MoU) with Microsoft Malaysia to adopt cloud technology in its teaching, learning, research and operational excellence.

The three-year agreement will see UTP leverage on Microsoft’s cutting-edge technologies like Cortana Analytics, Power BI, Azure, and Machine Learning to enable students and faculty members to connect data across sources, drive intelligent decisions and outcomes, as well as transform processes from end to end.

Celebrating its 20th anniversary, UTP is the first Malaysian university to sign a MoU that covers the Microsoft Cortana Intelligence Education Programme.

Microsoft Malaysia Managing Director, K. Raman said the MoU was signed to deliver the right exposure with the company’s latest technology among students and to identify the method of using it for educational purposes.

“To date, our company has adopted the use of the Microsoft Office 365 suite to which UTP had subscribed to previously, whereby, lecturers and students alike would pool academic resources in an efficient manner through cloud technology,” he said after signing the MoU here today.

All 8500 students and 900 staff of UTP will have access to various online services available to equip students with lifelong learning and the development of essential life skills in workplaces. It includes the Microsoft Innovation Showcase Centre, Advanced Analytics for Student Lifecycle and Microsoft Imagine Academy.

Commenting in a statement on the partnership, Datuk Ir (Dr) Abdul Rahim Hashim, Vice Chancellor UTP said: “We are mindful of the evolving technology ecosystem that has sprouted new business models and is revolutionising the data landscape.

“It is changing the way we look at, solve and commercialise business problems. To ensure our students are best prepared to perform in this set up, we need to equip them with the most advanced learning tools. Our partnership with Microsoft is a great first step in this direction.”

SOURCE– BERNAMA

RISDA (Rubber Industry Smallholders’ Development Authority) enters SME market

Posted on : 14-08-2017 | By : sabah today | In : Uncategorized

KOTA KINABALU: The Rubber Industry Smallholders’ Development Authority or better known as RISDA, is rebranding itself as it enters the SME market.

Introducing Risda Smallholders Mart (RisSMart), the outlet will be a rural business center to enable small entrepreneurs to further market their products.

State Agriculture and Food Industry Minister Datuk Seri Panglima Yahya Hussin said the mart is one of efforts from RISDA to help entrepreneurs to boost their products.

“RisSMart serves as a hub for promoting small-scale products and also to help them to expand the business network.

“We are expecting RisSMart to be developed in each district around Sabah, but for starters we will only open one RisSMart here in Alam Mesra,” he said in his speech at the opening of Sabah RISDAEntrepreneurs Carnival at Lintasan Deasoka, here yesterday.

Also present were Risda’s deputy director-general (development) Nasarudin Malek and Sabah RISDA director Maizal Hakiman Nawawi.

A total of 35 RISDA entrepreneurs around Sabah came to the carnival to promote their products. Yahya said the program is a platform for entrepreneurs to hear and know the government’s latest initiatives and assistance towards the business community.

Since its establishment in 1973, RISDA has worked on raising the rubber yields of smallholders. It has also undertaken programmes for the benefit of smallholders.

“We know that RISDA is among the government agencies which are close to villagers. Now they have been given a greater responsibility to assist the villagers and smallholders by providing various facilities and provisions,” he said. RISDA has allocated RM27 million for entrepreneurial activities which encompasses the Additional Economic Activity (AET), product development, business premises development, marketing activities, exhibitions, promotion and building of strategic networks with relevant agencies.

“In ensuring RISDA entrepreneurs remain competitive, it’s helping entrepreneurs to increase the value of their products by increasing their ability to compete in local or international markets.”

Yahya also reminded that Sabah RISDA entrepreneurs should always take advantage of the programs offered, such as Groom Big Program and One District One Industry Program.

The Groom Big program will create more potential entrepreneurs by achieving annual sales revenue of more than RM 200,000.

As for One-District Program (SDSI), the program aims to strengthen local communities with viable socio-economic activities and service that has economic and competitive values.

Yahya also suggested that RISDA develops an online application so that all entrepreneurs can market their products under one online application.

Meanwhile, Nasarudin said the agency has allocated RM1.5m for its Entrepreneurship Activity that benefits 70 entrepreneurs in various fields of services, food, manufacturing and agriculture and the Usahawan Development Program.

“Entrepreneurship development and economic activities are RISDA’s efforts to improve the lives of smallholders not to rely solely on rubber and palm commodities.

“Hence, hopefully with this kind of carnival, it will help small scale entrepreneurs to market their products directly to the public as well as to create a wider market and business network for them,” he said.

During the event, RISDA also presented Sabah RISDA Entrepreneur Award to Sipitang entrepreneur, Ahmad Supin Abit.

SOURCE:- NEW SABAH TIMES

Budget 2018: Govt focusing on tax incentives to spur Industry 4.0

Posted on : 20-07-2017 | By : sabah today | In : Uncategorized

BANGKOK– PETRONAS Lubricants International (PLI), a subsidiary of national oil company, Petroliam Nasional Bhd(PETRONAS), will continue to invest significantly in marketing and infrastructure as it seeks to grow its business globally.

Its Group Chief Commercial Officer, Giuseppe Pedretti, said PLI, as among world’s top ten lubricants companies, would continue with its investment strategy to expand its global coverage.

“PLI will invest significantly in marketing and infrastructure as it seeks global coverage for its products,”he told the media during the unveiling of PLI’s latest product, “PETRONAS Syntium Diesel With Cooltech”,here today.

He said the company has just opened its latest plant in Shandong, China and would be opening one in another important market, India, next year.

Pedretti said PLI’s new research and development plant in Turin, Italy, would begin operation in March next year, churning out more high-technology products for global markets.

Currently, the PETRONAS Syntium is the trusted lubricants brand for millions of drivers worldwide and sold in 80 markets globally.

Meanwhile, PLI Asia Regional Head, Khalid Latiff, who was also present during the unveiling of its latest product, said the company considered Asia-Pacific an important market and has laid out a comprehensive growth plan.

“There is a lot of growth in the region,” he said, adding that the company wanted to capture more market in Asia-Pacific through technologically-driven products.

The PETRONAS Syntium Diesel With CoolTech, its flagship Passenger Car Motor Oil (PCMO) lubricant brand, specifically designed for common-rail and exhaust gas recirculation (EGR) engines, has been expertly engineered to fight excessive engine heat to maintain optimum engine performance for a trouble-free drive.

Excessive engine heat is a common problem that is widely underestimated by drivers.

“PETRONAS Syntium is uniquely engineered with strong oil chains to effectively absorb and transfer excessive heat from critical engine parts. By stopping engine-damaging heat at its source, drivers can be assured of optimum driving performance,”said Pedretti.

In Thailand, the PETRONAS Syntium will be available nationwide from August onwards.

SOURCE– BERNAMA

MDEC introduces 4th Malaysia Digital Hub

Posted on : 20-07-2017 | By : sabah today | In : Uncategorized

KUALA LUMPUR— The Malaysia Digital Economy Corporation (MDEC) has announced WORQ, a productive co-working community space as the new Malaysia Digital Hub, to support and offer opportunities for technology and digital co-working spaces, their startups and communities.

The initiative would help the companies to connect to Asean and the global digital ecosystem, said MDEC in a statement today.

WORQ Chief Executive Officer and Co-Founder Stephanie Ping said the hub encouraged the participation from all technology startups, as it focused on four categories — growing startups, global technology companies, accelerators and talent builders, and investors.

WORQ is among four Digital Hubs in Malaysia besides APW, The Co. and Common Ground.

“By providing them a vibrant and welcoming community, they can interact and thrive and their work can grow amidst a robust and supportive ecosystem,” said Ping.

Meanwhile, 15 technology entrepreneurs from Asia presented their ideas at the WORQ session today.

CXS Analytics from Malaysia and Oceo Water from Singapore were announced winners of the Asean Division of the Create@Alibaba Cloud Startup Contest and were awarded US$50,000 (RM214,000) and US$10,000 (RM43,000) for first and second places, respectively.

“They will be competing in the World Championship in Shanghai, China, together with 12 champions from around the globe in October this year,” added MDEC.

SOURCE— BERNAMA

Japanese workerslimber up with monkey bars, radio drills

Posted on : 20-06-2017 | By : sabah today | In : Uncategorized

At the stroke of 1 p.m,, a group of Tokyo IT workers spring from their desks for a few minutes of rigorous bending, stretching and thrusting in repetition as a booming voice on the radio counts: “ichi, ni, san…”

The suited staff are taking part in a regular calisthenics drill implemented by Adoc International, while over at electrical equipment firm Fujikura, the staff can be seen dangling from multicolored monkey bars.

A growing number of firm are encouraging exercise breaks, to keep employees limber — and productive — as the nation contends with a shrinking labor pool and one of the world’s fastest aging populations.

“Japan’s population is quickly getting older and there are fewer and fewer kids — this is a very big risk for companies,” said Kenichiro Asano, who works in Fujikura’s health care strategy group.

With this issue in mind, companies are looking to keep staff healthy in the hope they’ll work past the usual retirement age.

“Keeping workers in shape is an important corporate strategy,” said Asano, adding, “Good health means a sound society and a sound company.”

Adoc International’s staff practice rajio taiso, a stretching routine often learned in schools and that dates back to the 1920s.

“We chose rajio taiso because it was the simplest exercise to put in place,” said Clifton Lay, who works in Adoc International’s human resources department.

“Most Japanese and people who grew up here already know it,” he added.

Instructions for the three-minute exercise are also played daily on NHK, with different routines tailored for the elderly and disabled.

Automaker Toyota has its own in-house version, while Sony employees are supposed to join in a group stretch at 3 p.m. daily, although it’s not mandatory.

At e-commerce giant Rakuten, some 12,000 moveable desks were installed when it moved its head office. Workers can switch between standing and sitting throughout the day.

“I get tired easily when I’m sitting too long so it’s nice to be able to stand up from time to time,” said 35-year-old Rakuten engineer Liu Xiaolu.

More companies need to adopt a health-focused mindset, said Koichiro Oka, a professor of health behavior science at Waseda University in Tokyo.

“If you think it is all right not to move much on weekdays because you’re exercising on weekends, you’d be wrong,” he said.

“A lack of exercise during the week can lead to heart disease, diabetes and other health problems,” he explained.

Rajio taiso is considered by many as Japanese tradition, although the idea was borrowed from a program at a U.S. insurance firm.

It spread quickly throughout Japan, as offices and schools got into the routine.

The daily radio broadcast was temporarily banned following Japan’s defeat in World War II because it was seen as being too militaristic. But it was reintroduced in 1951.

Today, as many as 28 million Japanese are believed to take part daily.

“Doing these exercises in the morning when you arrive at work or just after lunch — when your head is not completely into working — lets you get ready and say ‘OK let’s do the job,’” said Adoc’s Lay.

SOURCE:- JAPAN TIMES

NTP (National transformation Programme) report: continued innovation increases E&E industry’s competitiveness

Posted on : 23-05-2017 | By : sabah today | In : Uncategorized

KUALA LUMPUR– Malaysia’s electrical and electronics (E&E) industry must continue to focus on innovation to increase its competitiveness, especially in light of the current trend of automation and data exchange in manufacturing technologies.

“Today’s market landscape is dubbed as ‘Industry 4.0′, and it is characterised by increasing digitisation and interconnection of products, value chains and business models,” said the National Transformation Programme (NTP) Annual Report 2016 released today.

Apart from innovation, the report said efforts must also take into account the current economic and business conditions.

“These include the growing competition from Vietnam and India, as well as, the need for local small and medium enterprises to keep up with multinational corporations,” said the report.

It said the establishment of the Electrical and Electronics Strategic Council (EESC) in 2015 was seen as an important development for the industry, with both the government and private sector working together to lead the direction of the industry.

“The EESC has identified seven sub-sectors for future strategic development and is aligned with the government’s aim to increase high-value activities and exports from the E&E industry,” it said.

The report also said the E&E industry created 117,609 employment opportunities by end-2016, well on track to achieve the target of generating 157,000 jobs by 2020.

It also said since the implementation of NTP in 2010, development in the light-emitting diode sector enabled 11 Malaysian companies to penetrate global markets, with combined sales of RM125.2 million recorded thus far.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed, in the same report, said demand in the E&E industry continued to be driven by new Internet-of-Things applications in the sphere of wireless communications and wearable devices.

“We are confident that the existing measures under the National Key Economic Areas (NKEA), together with continued emphasis on innovation, will propel Malaysia towards reaching our goal (of being a high-income nation) for 2020 and beyond,” he added.

SOURCE– BERNAMA

AirAsia, Everbright JV to establish LCC (Low Cost Carrier) in China

Posted on : 14-05-2017 | By : sabah today | In : Uncategorized

BEIJING— AirAsia Bhd has signed a memorandum of understanding (MoU) with China Everbright Group and Henan Government Working Group to establish a low-cost carrier (LCC) in China.

It outlines how the parties will incorporate a joint-venture to be known as AirAsia (China) for the purposes of operating a low-cost aviation business based in Zhengzhou, the capital of Henan province in central China.

In addition, AirAsia (China) will invest in aviation infrastructure, including a dedicated LCC terminal at Zhengzhou airport and an aviation academy to train pilots, crew and engineers, as well as maintenance, repair and overhaul (MRO) facilities to service aircraft.

The MoU was exchanged between AirAsia Group Chief Executive Officer, Tan Sri Tony Fernandes, Everbright Financial Investment Holding Executive Director and President, Wang Weifeng and Henan Airport Group General Manager, Li Weidong at China World Hotel here on Sunday.

The ceremony was witnessed by Prime Minister Datuk Seri Najib Tun Razak who is on a five-day working visit to China.

Also present were AirAsia Executive Chairman Datuk Kamarudin Meranun, AirAsia Senior Independent Non-Executive Director Fam Lee Ee and AirAsia North Asia President Kathleen Tan.

China Everbright Group Vice Chairman and President Gao Yunlong said: We are excited to be part of this joint-venture to bring AirAsia to China. We believe China is ready for a true LCC and we feel that only AirAsia can deliver on that promise by providing real value to Chinese travellers, thanks to its unique combination of low fares and award-winning service.”

Henan Provincial People’s Government Deputy Governor Shu Qing said, “Henan is very pleased to offer AirAsia a home in China. Zhengzhou was once the capital of ancient China. With AirAsia supporting the city’s aeropolis – an industrial, commercial and logistics zone five times the size of Manhattan with the airport at its heart – we have absolute confidence that we will succeed in transforming Zhengzhou into the new capital for regional and global transport and logistics.”

Commenting on the agreement, Fernandes said Zhengzhou was chosen as a base due to its strategic location and importance as a logistics hub.

“As China’s gateway to Europe, Zhengzhou sits at the centre of a vast rail, highway and air transport network that forms the lynchpin of China’s development plans for its central and western regions.

“This Chinese venture represents the final piece of the AirAsia puzzle. In just 16 years, we have successfully built a presence in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, with China closing the loop on all major territories in Asia Pacific,” he said.

While Kamarudin regarded today’s MoU as the latest in a long line of strategic collaborations with Chinese companies, from Tencent, Alipay and Union Pay for payments to Industrial and Commercial Bank of China for aircraft financing and China Aircraft Leasing Group Holdings Ltd for aircraft leasing.

“In addition, we are working closely with Huawei to create a digital airline and smart airport to transform the way we fly.”

AirAsia was the first foreign LCC to enter China and has carried more than 40 million guests since its inaugural route to China in April 2005. AirAsia and AirAsia X currently fly to 15 destinations in China and is the largest foreign LCC operating into the country.

SOURCE— BERNAMA

Najib encourages Malaysians to take up entrepreneurship

Posted on : 11-05-2017 | By : sabah today | In : National Business, Uncategorized

KUALA LUMPUR: Prime Minister Datuk Seri Najib Abdul Razak has encouraged Malaysians to take up entrepreneurship as it can not only generate income, but also create job opportunities for others.
He said the government wanted Malaysia to continue progressing, particularly from the social and economic aspects.
“In reaching this goal, we want to see a community comprising people who are versatile or ‘all rounders’, he said his speech at the launch of the Njoi Now Application here today.
The text of his speech was read by Communications and Multimedia Minister, Datuk Seri Dr Salleh Said Keruak.
Najib said the youth represent the biggest digital users, as they are of a generation that prioritises information that can be obtained from their electronic devices.
According to the Prime Minister, statistics showed that subscriptions through gadgets recorded an increase to 44.5 million throughout Malaysia and supported by the high penetration of smartphones that reached 16.4 million last year.
This development as well as the availability of stable broadband and Internet services, resulted in users having the latest information, as well as entertainment, immediately at their finger tips, he said.
He also urged the youth to take advantage of the digital economy which the government is aggressively promoting such as the recent Digital Free Trade Zone.
At the same time, Najib said the broadcasting field can also play an important role as an agent to mould the minds of viewers.
“With entrepreneurship programmes leading towards the digital realm, those interested can obtain guidance as well as tips to undertake business as well as learn the intricacies of trading online.
“Programmes as such also have content where traders can share experiences. This will certainly assist those just starting out in business to avoid past mistakes and continue to be mentored until they receive good returns,” he added.
Meanwhile, the launch of the Njoi Now application, organised by Astro, covers programmes in various languages with content including news, entertainment, sports and education.
It is hoped that that use of the application will contribute towards an increase in the number of Malaysians with digital access, and subsequently enhance awareness towards being digital savvy.
SOURCE— BERNAMA
KUALA LUMPUR: Prime Minister Datuk Seri Najib Abdul Razak has encouraged Malaysians to take up entrepreneurship as it can not only generate income, but also create job opportunities for others.
He said the government wanted Malaysia to continue progressing, particularly from the social and economic aspects.
“In reaching this goal, we want to see a community comprising people who are versatile or ‘all rounders’, he said his speech at the launch of the Njoi Now Application here today.
The text of his speech was read by Communications and Multimedia Minister, Datuk Seri Dr Salleh Said Keruak.
Najib said the youth represent the biggest digital users, as they are of a generation that prioritises information that can be obtained from their electronic devices.
According to the Prime Minister, statistics showed that subscriptions through gadgets recorded an increase to 44.5 million throughout Malaysia and supported by the high penetration of smartphones that reached 16.4 million last year.
This development as well as the availability of stable broadband and Internet services, resulted in users having the latest information, as well as entertainment, immediately at their finger tips, he said.
He also urged the youth to take advantage of the digital economy which the government is aggressively promoting such as the recent Digital Free Trade Zone.
At the same time, Najib said the broadcasting field can also play an important role as an agent to mould the minds of viewers.
“With entrepreneurship programmes leading towards the digital realm, those interested can obtain guidance as well as tips to undertake business as well as learn the intricacies of trading online.
“Programmes as such also have content where traders can share experiences. This will certainly assist those just starting out in business to avoid past mistakes and continue to be mentored until they receive good returns,” he added.
Meanwhile, the launch of the Njoi Now application, organised by Astro, covers programmes in various languages with content including news, entertainment, sports and education.
It is hoped that that use of the application will contribute towards an increase in the number of Malaysians with digital access, and subsequently enhance awareness towards being digital savvy.
SOURCE— BERNAMA

Najib Encourages Malaysians To Take Up Entrepreneurship, Be Versatile

Posted on : 10-05-2017 | By : sabah today | In : Uncategorized

KUALA LUMPUR– Prime Minister Datuk Seri Najib Tun Razak has encouraged Malaysians to take up entrepreneurship as it can not only generate income, but also create job opportunities for others.

He said the government wanted Malaysia to continue progressing, particularly from the social and economic aspects.

“In reaching this goal, we want to see a community comprising people who are versatile or ‘all rounders’, he said his speech at the launch of the Njoi Now Application here today.

The text of his speech was read by Communications and Multimedia Minister, Datuk Seri Dr Salleh Said Keruak.

Najib said the youth represent the biggest digital users, as they are of a generation that prioritises information that can be obtained from their electronic devices.

According to the Prime Minister, statistics showed that subscriptions through gadgets recorded an increase to 44.5 million throughout Malaysia and supported by the high penetration of smartphones that reached 16.4 million last year.

This development as well as the availability of stable broadband and Internet services, resulted in users having the latest information, as well as entertainment, immediately at their finger tips, he said.

He also urged the youth to take advantage of the digital economy which the government is aggressively promoting such as the recent Digital Free Trade Zone.

At the same time, Najib said the broadcasting field can also play an important role as an agent to mould the minds of viewers.

“With entrepreneurship programmes leading towards the digital realm, those interested can obtain guidance as well as tips to undertake business as well as learn the intricacies of trading online.

“Programmes as such also have content where traders can share experiences. This will certainly assist those just starting out in business to avoid past mistakes and continue to be mentored until they receive good returns,” he added.

Meanwhile, the launch of the Njoi Now application, organised by Astro, covers programmes in various languages with content including news, entertainment, sports and education.

It is hoped that that use of the application will contribute towards an increase in the number of Malaysians with digital access, and subsequently enhance awareness towards being digital savvy.

SOURCE– BERNAMA

Month-long Kaamatan festival begins

Posted on : 10-05-2017 | By : sabah today | In : Uncategorized

KOTA KINABALU: As Sabah celebrates a month-long Kaamatan, the city‘s harvest festival celebration is set to be a joyous, vibrant and grand affair with numerous exciting cultural events for all to enjoy.

Mayor Datuk Yeo Boon Hai said the Kaamatan festive celebration will be held in the state capital from May 18-May 20, starting at the main venue at the Padang Merdeka which will host a galore of festivities beginning from 6pm until 11pm.

“This year’s city level Kaamatan will be celebrated with the theme ‘Kaamatan: The foundation for unity’, and will culminate with a grand ceremony by Huguon Siou (Paramount Leader) of the Kadazandusunmurut (KDM) community, Tan Sri Joseph Pairin Kitingan,” he said.

In announcing the Kaamatan celebration at the press conference on Monday, Yeo said the opening ceremony will be followed by the hotly-awaited Lilundus Unduk Ngadau (beauty contest) as well as Sugandoi (singing competition), Magavau ritual and choir.

“There will also be other exciting events in store for everyone to enjoy, including a bicycle decoration gala, Unduk Ngadau Creative Traditional Dress competition, karaoke contests, as well as prize presentation for all the winners,“ said Yeo.

Furthermore, he noted the Kaamatan Cycling Challenge will also be held in conjunction of the Kaamatan which will witness 100 cyclists taking on the 22KM route starting from Padang Merdeka along Jalan Tun Abdul Rahman, Jalan Penampang until KDCA Cultural Village before returning to the starting point.

“The closing ceremony of the Kaamatan on May 20 will be officiated by federal Communications and Multimedia Minister Datuk Seri Panglima Salleh Tun Said Keruak,” said Yeo, adding that the finale of the festival will culminate with the Unduk Ngadau finals for Kota Kinabalu and Likas, and state-level competitions which will be held at the KDCA Cultural Village.

The venue for the qualifying round and semi-finals of this the coveted Sugandoi crown is contributed by Oceanus Waterfront Mall. Kupi-kupi fm is the official radio station for the festival.

Meanwhile, the finalists for this year’s Sugandoi Kota Kinabalu include Chrispine Joseph, Michelle Kasianus, Brenda Folsera Jasli, Nurbilin Abdul Jalil and Rushdy Rapheal Mantui.

During the cheque presentation ceremony, Yeo also received a sum of RM50,000 from main sponsors YTL Communications for the Kaamatan, while other sponsors allocated a total of RM71,500 for the annual festive celebration.

Almacrest International College also allocated RM10,000 scholarship for this year’s champion of the Unduk Ngadau 2017, including second place winner to help them pursue diploma studies.

Among those who attended the press conference include YTL Communications Sdn Bhd assistant sales manager Kelvin Siew, Pembinaan Kekal Mewah Sdn Bhd operation manager Jikain Kadis and Almacrest International College CEO Stephanie Yen, among others.

SOURCE:- BERNAMA