11 street collaborates with MOLPay

Posted on : 22-11-2017 | By : sabah today | In : Local Business

MALAYSIA’S second largest online marketplace 11street has partnered with payment gateway MOLPay Sdn Bhd to provide an offline payment method.

This initiative ensures consumers have variety when it comes to choosing the transaction method that suits them best.

Since the partnership with MOLPay, 11street has received more than 10,000 orders with MOLPay Cash@7-Elevenas the preferred payment method.

The performance is encouraging and indicates that the omni-channel payment gateway is on its way to providing consumers with freedom to choose how and when to pay for their products.

MOLPay, which is part of the MOL Global Group, was the first payment gateway in Southeast Asia to enable online purchases to be paid physically with cash at popular retail chains, outlets besides online payments using global credit cards, debit cards, charge cards, e-banking, and e-wallets.

“We live in a time where user-friendly alternatives drive our payment decisions, and our collaboration with MOLPay and 7-Eleven embodies this,” said chief operating officer of 11street Chuljin Yoon.

“As a result of technological advancement, consumers are always looking for the most suitable way to conduct daily activities and 11street endeavours to provide this convenience. This partnership also marks a strategic move as we innovate to provide newer payment methods to support the growing number of transactions we receive per day.”

Launched in 2014, MOLPay Cash was designed alongside other standard payment channels as convenient gateways and solutions to simplify the process of purchasing goods online.

“As a service provider, it is very important to consider each consumer when designing a system that works and is adaptable to everyone. These solutions were conceptualised to cater to Malaysia’s wide consumer base.

“This helps enhance the user experience for all online shoppers across the nation. This partnership with 11street and 7-Eleven creates the necessary awareness and ensures that everyone has options,” said MOLPay CEO Eng Sheng Guan.

Deputy CEO of 7-Eleven Malaysia Holdings Bhd Hishammudin Hasan said, “The central theme to 7-Eleven’s commitment has always been about catering to consumer needs, in which the key driver for our business is convenience. We believe partnering with MOLPay keeps us on point with the ever-changing business landscape.

“At the same time, it fulfils our consumers’ needs by providing them with an avenue to process their transactions at any of our 7-Eleven stores nearest to them, 24-7.”

With close to 13 million product offerings, 11street continues to explore significant partnerships that will offer consumers with a holistic online shopping experience. 7-Eleven, which has more than 2,200 stores located throughout Malaysia, plays a key role in providing convenience for the benefit of consumers on a nationwide scale.

11street expects that the offline payment method MOL Cash will make the online marketplace a more holistically-abled e-commerce platform.

SOURCE:- MALAYSIAKINI

Malaysia proposes collaboration to promote green economy – PM

Posted on : 22-11-2017 | By : sabah today | In : Local Business

Prime Minister Najib Abdul Razak said it is timely for efforts to be stepped up by three countries, namely Indonesia, Brunei and Malaysia to enhance collaboration in promoting a green economy, including green technology and wildlife conservation.

He said that Malaysia would help to facilitate further discussions on this proposal within the framework of an appropriate forum involving the countries concerned.

“I am confident that our collective efforts would be applauded domestically and by the international community,” he said in his keynote address at the official opening of the 13th World Islamic Economic Forum (WIEF) in Kuching today.

Najib said Malaysia strongly supported the notion of a green economy being integral to the country’s development, and at the same time, recognising the need to preserve the sustainability of the environment for future generations.

“Disruptive change is coming and the countries cannot avoid it but instead embrace it,” he said.

The prime minister said Malaysia had formulated its own digital policy, aiming it would help contribute 20 percent of the country’s gross domestic product by 2020, if not earlier.

“That is why we have recently become the first country in the world outside China to establish a Digital Free Trade Zone (DFTZ).

“This will provide physical and virtual zones to facilitate small and medium enterprises to capitalise on the exponential growth that we are seeing in the Internet economy and cross-border e-commerce,” he said.

Malaysia, he said, had risen to become one of the leading e-commerce markets, generating revenues of US$2.3 billion last year alone.

Najib expressed hope that Malaysia’s ultimate aim was for the DFTZ to help transform the country into a regional e-commerce hub.

Najib, who had just returned from the Asia-Pacific Economic Cooperation (Apec) and Asean summits, said that leaders during the meetings had discussed the challenges of the Fourth Industrial Revolution.

“I can’t help but think of how the term ‘disruptive change’ applies to what has been happening in many parts of the Muslim world and I am firm in my view that we must be relentless in dealing with these challenges,” he said.

Najib quoted a report by Thomson Reuters titled, “State of the Global Islamic Economy 2016/2017”, that the Islamic economy was projected to reach a massive US$3 trillion by 2021.

“The report also says the Islamic finance assets are projected to have a market size of US$3.5 trillion by the same year.

“Here, in Malaysia, as recognised by the report, we have made a deliberate and strategic effort to capitalise on these opportunities,” he said.

In the report under its Global Islamic Economy Indicator, which measures a total of 73 countries, Malaysia was ranked in first place with a score of 50 percent higher than the second-placed country, the United Arab Emirates.

Malaysia also took the top spot for Islamic finance and second place for halal travel and halal pharmaceuticals and cosmetics.

Malaysia was also recognised as the “Best Developed Ecosystem for Islamic Finance” and having the strongest regulatory framework.

SOURCE- BERNAMA

Sabah taking first step in biomass development

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

KOTA KINABALU: Sabah has taken the first step towards venturing into biomass development with the signing of a Memorandum of Understanding (MoU) to set up satellite biomass collection centres.
The signing between three entities – the Palm Oil Industrial Cluster (POIC), BELL Corporation Sdn Bhd and My Clean Energy Sdn Bhd, will see more stakeholders come together to make this a reality.

Deputy Chief Minister Datuk Seri Raymond Tan Shu Kiah, who is also Industrial Development minister, said that this first step taken is a result of the years of discussions, seminars and similar programmes to tap into biomass development.

“Sabah is among the largest palm oil producers (1.5mil ha) in the country and the amount of waste from this industry is huge,” he said after witnessing the signing ceremony here, yesterday.

He said these wastes could in turn become wealth, if managed properly.

Tan said this has taken so long to even kick start because of the numerous challenges faced including to get mills to collaborate and agree to have their industrial wastes be used for this purpose.

“They (operators) were unsure of what they would get out of agreeing, and no agreement on the price per tonne of palm oil waste could be achieved then, but now we are in the midst of finalising most details,” he said.

“Many of them choose to just keep or hold on to these wastes instead of letting them go to proper channels,” he said.

He hopes that the agreement will be the document for the setting up of biomass collection centres and will finally, stabilise the price of biomass and ensure the long-term supply of biomass.

If the centres have been set up, palm oil mills will need to go through several layers of treatment of their palm wastes before ‘dumping’ them into specific centres to be collected and sent to the POIC for further process. Currently, most mills in Lahad Datu have agreed to be part of this project. Potential investors have also lined up to be part of it.

More signings towards making the setting up of biomass collection centres are expected within these few months. POIC Sabah Sdn Bhd Chief Executive Officer (CEO), Dr. Pang Teck Wai said the collection centres will clear hurdles on oil palm biomass and supply security for the first time, the two major factors hindering the take off of the billion-ringgit biomass downstream industry in the state.

“All biomass have commercial and industrial uses in pellets, compost, briquettes, energy, biochemical, etc,” he said, adding this signing is also a testament that the palm oil industry can be sustainable.

Under the MoU, BELL Corporation will provide land, some 50km from Lahad Datu for gathering of biomass from its nearby mills.

The logistics is provided by My Clear Energy who will transport the biomass such as empty fruit bunch (EFB) from the mills to the gathering site.

“With these structures in place, we now think that we have found a workable platform much like a supermarket where biomass investors can come and by EFB both in small and large quantities,” he said.

POIC Trading was represented by Dr Pang, BELL Corporation was represented by its CEO, Puan Sri Dr Liana Low, while My Clear Energy was represented by its chairman, Jeffrey Lu.

SOURCE:- PROPERTY HUNTER

Repsol achieves its first oil production

Posted on : 12-11-2017 | By : sabah today | In : Local Business

Kota Kinabalu: Repsol Oil & Gas Malaysia achieved its first oil production from its Kinabalu Redevelopment Project in Kinabalu field on Oct 29 this year, just nearly two months after drilling activities commenced.

Its quick success started when a new bridge-linked wellhead platform was safely installed on June 8 this year by Repsol, which operates the Kinabalu Block.

The new platform and facilities, which are connected to the existing platform, will allow Repsol to fulfil its commitment to breathe new life into the asset, located 55km west of Labuan, since assuming operatorship in late 2012.

The 2,900-tonne platform, 1,570-tonne topside, 1,336-tonne jacket and 318-tonne bridge were built in a Kuching-based fabrication yard involving a workforce of over 1,000 personnel comprising construction workers, sub-contractors and company project management team.

The onshore construction phase recorded 1.3 million man-hours without a single lost time injury (LTI).

Repsol and Petronas Carigali have invested over USD156 million out of USD305 million capital expenditure to increase oil recovery and production over the life of the Production Sharing Contract (PSC).

This is expected to add to the list of oil fields in Malaysia.

“With these investments, we have managed to increase production of the asset significantly through drilling of new wells.

“As Malaysia is an important investment portfolio for Asia Pacific, we are looking forward to expand our business in this country and are committed to help create employment and business opportunities for Malaysians,” said Repsol Malaysia Business Unit Director Jorge Milathianakis.

With the new facilities and wells, production from Kinabalu is expected to increase to 15,000 barrels of oil per day with 30 million standard cubic feet per day of non-associated gas.

Repsol holds a 60 per cent working interest and operation while Petronas Carigali the remaining 40 per cent.

The commemoration of the first oil event was officiated by Head of State Tun Juhar Mahiruddin and company executives at the Kinabalu facilities offshore, Thursday. – Leonard Alaza

SOURCE:- THE BORNEO POST

Sabah: Tourism industry players urged to work as a team

Posted on : 07-11-2017 | By : sabah today | In : Local Business

KOTA KINABALU: Sabah’s tourism industry players must work hand in hand to attract more high-end visitors to the state.
Chairman of Sabah Tourism Board, Joniston Bangkuai said that more tourism products need to be produced with the high-end travellers in mind.

“We need as many tourism products as possible and that’s why we are going strong in promoting rural tourism because I believe many of our tourism gems lie in the rural area,” said Joniston in his speech at the 20th Sabah Hospitality Fiesta 2017 closing dinner on Sunday evening.

Also present were Chairman of the fiesta, Syukur Salleh and Chairman of the Malaysia Association of Hotels (MAH) Sabah and Labuan Chapter, Thomas Moore Willie.

Joniston explained that there are many potential tourism products in the state that have yet to be identified, explored and polished.

“We have now heard of what’s called lung washing activity, whereby tourists go to the rural area for trekking a couple of days and they will be breathing fresh unpolluted air which can help clean your body system and this has been scientifically proven.

“In Kiulu we have a dedicated trail we called it Kiulu Riverside Lung Washing Trekking Trail, and we have seen very encouraging inquiries both from domestic and international visitors.”

He also disclosed that Sabah needed to have more hotels to accommodate large groups of tourists that will be coming to the state.

“In the recent Malaysia 2018 Budget, our Prime Minister (Datuk Seri Najib Tun Razak) had announced some very generous allocation, including RMBillion as soft loans to those who are interested in building hotels and resorts.

“On top of that, our Prime Minister also had announced RM500 million to improve tourism infrastructure in the rural area to promote eco-tourism,” said Joniston, who is also the state Kiulu Assemblyman.

He said the state government was also looking into having more homestay to overcome the shortage of hotel rooms in Sabah.

“With the room shortage, we are now looking into an alternative solution which is to produce more homestays and we have received feedback from international visitors many of whom prefer to stay in villages,” he said. “So right now we are working together with Sabah Homestay Association and I think this can help alleviate the shortage of rooms and at the same time give the opportunity to the rural folks to also benefit from the growing tourism industry in Sabah.”

SOURCE:- PROPERTY HUNTER

Expand business potential at Harbour Mall Sandakan

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

SANDAKAN: They say to be successful in running one’s own business requires a lot of hard work, determination, commitment, believe in oneself and sometimes, a little bit of good fortune.

With all these ingredients already in hand, opening up your retail store at Harbour Mall Sandakan is an advantage considering the proactive strategies employed by the Mall’s Management in promoting the establishment which have helped to generate improved revenue and increased marketing exposure.

Harbour Mall Sandakan which celebrated its fifth anniversary last July, is the one and only state-of-the-art shopping mall of its kind in this east coast town. It offers 200,000 square feet of prime spaces for retailers, making it a shopping haven for both locals and tourists in Sandakan.

Today, Harbour Mall Sandakan welcomes more than 70,000 an average footfall each week.

“This is very encouraging as we are now just about 70 per cent occupied with the target of 80 per cent or more by year end,” Ireka Corp Bhd Group Managing Director Datuk Lai Voon Hon disclosed during the mall’s anniversary celebration.

Our reporter met up with mall tenants who shared their success stories and how the mall management’s extensive promotion campaigns through electronic, print and social media has given marketing exposure which is one of the vital elements to boost their sales.

This is the first part of interviews conducted with Harbour Mall Sandakan retail store operators.

SN MUTIARA

If you are looking for some creative and unique design for your Tudung, SN Mutiara is the place where you can have your headscarf especially decorated to cater to your taste.

This store is located on the first floor and dealing in a wide range of clothing for Muslim women. Owner Nurdiana Labaco, 42, set up the establishment in June 2012 with the support of her husband, family members and a loan from Koperasi Polis Di Raja Malaysia Berhad.

Nurdiana said her venture into the business was mainly due to her passion for Muslim women fashion. She chose Harbour Mall Sandakan to open her business because it is the only modern mall and also for its location in town where a concentration of people from Beluran, Telupid and Kinabatangan converged on when they are in Sandakan. Five years on today, Nurdiana has her own brand of Tudung and a clientele of 6,000 members. The benefit of being a member of SN Mutiara is enjoying a special discount when making purchases.

Nurdiana’s other specialty is bead decorating for Tudung where customers come with their own plain headscarf to have sparkly beads hand-sewn at the store.

According to Nurdiana, 70 per cent of her clients are from the working class in Sandakan and also other neighbouring districts. There is also a growing number her clients who are guests from the adjoining.

FOUR POINTS BY SHERATON SANDAKAN

Apart from promoting her merchandise on social media, she said the mall management’s promotion campaigns have helped to boost sales particularly during the period in 2015 where business was slow. This is an added value for setting up a business in Harbour Mall Sandakan because the management gives emphasis on the interest of the tenants.

She said she would strongly recommend to her friends and those who are planning to establish a business in Sandakan to pick Harbour Mall Sandakan for their location.

WAHAP SATE DI BAWAH BAYU

Satay is a popular delicacy in Malaysia. It is grilled chicken or beef skewers marinated with spices and served with peanut sauce.

In Sandakan there are a few satay stalls around but one that is synonymous with authentic Sandakan satay is the well-known Wahap Sate Di Bawah Bayu

The man behind the delicious satay at Wahap Sate Di Bawah Bayu is 59-year-old Wahab Linggang. His love affair with satay started from the days when he was a young boy helping out at his uncle’s satay stall in Jalan Dua, town centre after school.

Wahab started off preparing his satay from home and later operating a stall at the walkway of an eatery in Sandakan Harbour Square. He set up Wahap Sate Di Bawah Bayu at the Harbour Mall Sandakan more than one year ago.

Initially he had hesitated but after some encouragement from friends and also the convincement by Thomas Lau, ICSD Ventures Sdn Bhd Consultant for Government Liaison and Public Affairs (East Malaysia), he made the decision to open the satay stall at Harbour Mall Sandakan food court.

Wahab is assisted by his family members in running the satay stall. He uses his special recipe to prepare his satay and it has been a hit with visitors to the mall. They also offer catering services.

“To be successful in your business venture, hardworking alone is not enough. There must be passion, motivation, determination and readiness to take risk in order to move forward,” Wahab said.

Wahab thanked the mall management for their proactive initiatives in extending assistance to its tenants to promote their products to a wider market.

He said various promotion events organized by the mall management have proven to be an effective marketing strategy benefitting tenants.

“Of course, I encourage those who want to set up their own businesses, to consider Harbour Mall Sandakan.”

SOURCE: NEW SABAH TIMES

NuEnergy collaborates with Pertamina Gas to investigate supply of CBM (Coal Bed Methane)

Posted on : 29-09-2017 | By : sabah today | In : Local Business

KUALA LUMPUR: Globaltec Formation Bhd’s (GFB) subsidiary NuEnergy Gas Ltd and Indonesia’s PT Pertamina Gas have inked an MoU to look into the supply of coal bed methane gas from the Tanjung Enim production sharing contract.

GFB told Bursa Malaysia on Thursday its Australian listed NuEnergy Gas and Pertamina Gas would study the feasibility of distribution to consumers in Sumatra.

It said the MoU was an important step for the negotiation of the gas sales and supply heads of agreement including supply period, supply volume and price.

To recap, NuEnergy had received the Indonesian Government’s approval to prepare the plan of development for the Tanjung Enim PSC.

GFB said the proposal was to develop two target areas, in the north and north-west of the PSC where NuEnergy has focused exploration, drilling and pilot production activities over the last eight years.
SOURCE:- THE STAR

Sabah to have its first oleochemical plant

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

KOTA KINABALU: Sabah will have its first oleochemical/fatty acid plant using industrial grade palm oil (IGPO) to make stearic acid as the primary product and soap noodles as the secondary product.

The plant will be set up by Gamalux Oils Sdn Bhd at the Lahad Datu Palm Oil Industrial Cluster (POIC) in Lahad Datu within two years.

Gamalux, which already has an existing factory at POIC Lahad Datu involving solvent extraction technologies from palm oil base and IGPO refinery plant, has recently purchased an additional 1.25ha for the proposed oleochemical plant.

POIC Lahad Datu is being developed by state-owned POIC Sabah Sdn Bhd, which is at the forefront of promoting palm oil and biomass downstream industries.

Welcoming the plan by Gamalux Oils, POIC Sabah senior manager (marketing) Rose Pun said the setting up of the plant was a breakthrough in terms of attracting investments to Sabah in the oleochemical industry.

“Sabah is the largest oil palm grower in Malaysia but none of the 20 existing oleochemical plants in the country are sited here. We hope this deal sends a message that investments in the downstream sector is really possible,” she said in a statement on Tuesday.

Malaysia produced about 19 million tonnes of crude palm oil in 2016, out of which some six million tonnes were produced in Sabah where there are about 1.5 million ha of oil palm plantations.

POIC Lahad Datu was set up in 2005 to deepen the oil palm industry and add value to Sabah’s palm oil sector. POIC Sabah has so far attracted more than RM4bil in investments.

IGPO is so-called because it is not used as food. Such oil is usually recovered from slush washed out of palm oil mills, or extracted from spent bleaching earth through a solvent extraction process.

Meanwhile, Gamalux Oils director, Usman Ahmed, said the company’s vision was to keep growing and contribute to green technology.

Gamalux, which has its origin in Pakistan, has been operating at POIC Lahad Datu since 2010.

Its existing factory at the cluster employs green technology and produces refined IGPO, palm fatty acid distillate and high free fatty acid palm oil.

These materials are used in making biodiesel, chemicals and animal feed, and are currently exported to Spain, Switzerland, England, South Korea, Thailand and Pakistan.

SOURCE- BERNAMA

Celcom launches latest high-speed fibre internet in Sabah (11 areas)

Posted on : 18-09-2017 | By : sabah today | In : Local Business

Celcom has finally launched its high-speed fibre internet services in Sabah at an event in Kota Kinabalu earlier today. The new Celcom Home Fibre and Celcom Business Fibre plans are now immediately available in various areas across the state.

The first new high-speed internet service announced by Celcom for Sabahan consumers is Home Fibre. This service comes in three categories: Home Fibre 120, Fibre 150, and Fibre 180. Celcom’s Home Fibre 120 features upload and download speeds of up to 10Mbps, while the Fibre 150 package comes with 20Mbps of internet speed. That said, the faster Home Fibre 180 has speeds of up to 40Mbps.

Interestingly, all Celcom Home Fibre packages also feature unlimited internet quota along with call rates of 10 sen per minute. Of course, Celcom will also provide its customers with a free wireless router as well. What makes these packages even more interesting is the fact that its existing Celcom First Gold Plus, Gold Supreme, Platinum, and Platinum plus users are also entitled to a special monthly rebate rate of RM 15 for the Fibre 150 and Fibre 180 internet packages.

Speaking of which, Celcom’s Home Fibre internet service are priced at RM120 (Home Fibre 120), RM 150 (Home Fibre 150), and RM180 (Home Fibre 180) respectively.

For the Business market, Celcom announced the Business Fibre internet service. Unlike the Home fibre service, Celcom’s Business Fibre comes in four categories: Business Fibre 10, Fibre 20, Fibre 40, and Fibre 100, which feature internet speeds of 10Mbps, 20Mbps, 40Mbps, and 100Mbps respectively – all with unlimited download quotas, of course.

Celcom Business Fibre internet packages are priced at RM 158 (Business Fibre 10), RM208 Business Fibre 20), RM288 (Business Fibre 40) and RM378 (Business Fibre 100) respectively.

Celcom’s Business Fibre packages are also endowed with free 300 minutes calls to all networks (8 sen per minute thereafter) and a special rebate rate of RM 20 monthly for up to 24 months. Additionally, business owner’s who register five Business Fibre lines or more are also entitled to an additional monthly rebate rate of RM20 per line.

It’s also worth mentioning that Celcom is collaborating with its counterpart, Celcom Timur Sdn Bhd, to provide its high-speed fibre internet services in Sabah. The company aims to cover at least 11 cities in Sabah by the end of 2017. Besides that, Celcom has also noted that other add-on services for its internet packages will be announced at a later date.

SOURCE:- LOWYAT.NET

KKIP as Digital Free Trade Zone hub for Sabah – Raymond

Posted on : 15-09-2017 | By : sabah today | In : Local Business

KOTA KINABALU: The Kota Kinabalu Industrial Park (KKIP) could become a digital free trade zone (DFTZ) for e-commerce and online businesses, in line with the Fourth Industrial Revolution, or Industry 4.0.

It already had a strong foundation with existing businesses and capacity, said Deputy Chief Minister Datuk Seri Panglima Raymond Tan Shu Kiah.

When met by reporters at the Industry 4.0 and DFTZ outreach programme yesterday, Raymond said KKIP would be a good ground for implementation, as business is already there.

“In order for Industry 4.0 to work, you must have the right place, the right foundation. It is basically a process of change, where business can grow bigger and go global.

“We are pretty close to achieving that because you cannot look at this whole development right from the very bottom. You must look at what business has already been developed in KKIP.

“There are 280 existing operators of various businesses. They are going slow, but in our revolution of a changed process, once they get into internet business, we will be able to raise all 280 businesses to a higher level,” he said.

Raymond, who is also Minister of Industrial Development, added that internet businesses and e-commerce are things that some of us were already engaged with, thus emphasising the importance of bringing such business operators together.

He further said it is important to introduce the DFTZ in order to encourage operators to go digital and be more aggressively into e-commerce.

“It should generate much more excitement and I’m looking at how we can enhance the internet service in KKIP. It needs to be enhanced with the right infrastructure of internet speed and accessibility.

“If we can enhance the infrastructure focused on a cluster of e-commerce operators in KKIP, I think that would, in a very short time, encourage more operators, entrepreneurs and small and medium-sized enterprises (SMEs) to be engaged in driving industry 4.0.

“What we need to focus on is capacity building to encourage them to embrace Industry 4.0. Sabah does not want to be left out,” he added.

Earlier, SME Corporation Malaysia chairman Tan Sri Dr Mohamed Al Amin Abdul Majid said SMEs should not fear the changes needed, but instead be bold enough to make the changes.

He advised operators and entrepreneurs to start with the aim of solving an existing problem in the production process, as well as to approach training institutions such as the Penang Skills Development Centre (PSDC) and German-Malaysia Institute (GMI).

Mohamed added that with the DFTZ, SME Corp Malaysia aspired to double the export growth rate of SME goods to reach US$38 billion, create 60,000 jobs and facilitate US$65 billion worth of goods movement, all by 2025.

SOURCE:- THE BORNEO POST

Sabahan’s lime chutney enters Kuwait market

Posted on : 28-08-2017 | By : sabah today | In : Local Business

TAWAU– The humble lime chutney, made by Sabahan entrepreneur, Lely Busok, has garnered international attention, having entered the Kuwait market last month, and will be exported to 81 other countries in the near future.

Lely, 54, said the product would also be exported to Poland next month, to be followed by other countries in stages.

Her success in exporting the product proves there was a demand for the twangy appetiser in the international market.

“It has been a month since the product was exported to Kuwait with help of the Malaysia Millennium Entrepreneurs Consortium,” she told Bernama, when met during the Sabah state-level National Cooperative Day 2017 celebration here, yesterday.

The three-day event, which ended yesterday, featured over 50 booths by local entrepreneurs and government agencies, showcasing food products and local handicraft, among others.

Lely said she began thinking about selling the homemade lime chutney when she was in her 20s, with most of her clients comprising friends and neighbours in the early days. She made a profit of around RM600 per month.

“Based on the response, and with my husband’s support, I started focusing on expanding the business, with the assistance of numerous platforms and programmes for entrepreneurs organised by government agencies in the country,” she added.

Lely said the cooperative had helped provide guidance in managing her business, and the Area Farmers Organisation also assisted with equipment, including tables and pots to make the chutney.

“Since then, my income have been increasing and can reach up to between RM7,000 to RM9,000 per month,” she added.

She currently also owns a food factory in Bandar Sri Indah and the business is run with help from her children.

“I only hire additional manpower when necessary, based on demand for the lime chutney or other food products, including fermented fish.

“It usually takes about 200 kilogrammes of lime to make the chutney, and the process may take a while, depending on the weather, because the lime needs to be sun-dried,” Lely said.

She added that the product was also available at the Gmart supermarket in the state, and would also be made available in the Peninsular and Sarawak.

SOURCE–BERNAMA

Risda urged to help entrepreneurs market products online in Sabah

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

KOTA KINABALU– Sabah Deputy Chief Minister, Datuk Seri Yahya Hussin, has urged the Rubber Industry Smallholders Development Authority (Risda) to help entrepreneurs under its guidance in Sabah to market their products via online.

Yahya, who is also Sabah’s Minister of Agriculture and Food Industry, said this would allow the products of these entrepreneurs penetrate the foreign markets and further increase their sales and incomes.

“The effective online businesses will be able to boost marketing and at the same time widen their businesses,” he said when opening the Risda\’s Sabah Entrepreneurs’ Carnival 2017 here today.

The three-day carnival, starting Friday, is aimed at promoting products of Sabah entrepreneurs under Risda’s guidance and creating a more quality business network.

Yahya said all Risda entrepreneurs in the state should always equipped themselves with knowledge on the latest marketing methods including packaging and labelling which could raise the standards and quality of their products.

“Producing quality products and low production costs will help the entrepreneurs be competitive both domestically and internationally,” he said.

Meanwhile, he said, Risda has allocated RM27 million for entrepreneurship activities including the additional economic activities, product development, business premises development, marketing activities, exhibitions, promoting and building strategic networks with related agencies.

“In this regard, Risda’s entrepreneurs should take advantage of every entrepreneurial development programme and economic activities designed by the agency to improve the quality of life and not rely on on rubber and palm commodities only,” he said.

SOURCE– BERNAMA

Shell awards financial grants to NGOs

Posted on : 01-08-2017 | By : sabah today | In : Local Business

KUALA LUMPUR— Malaysian is open to have free trade agreements (FTAs) with Latin American countries such as Mexico and Peru following positive export growth to both nations, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

He said many Malaysian companies were already operating there.

“That is certainly an option that we are looking at as we are pro-FTAs and we have one with Chile which is doing well.

“We are open to having bilateral pacts with those countries which we do not have FTAs yet,” he told reporters after officiating Latin America Business Day 2017 here today.

SOURCE — BERNAMA

Timber, product exports rise to RM9.75 bln in first 5 months

Posted on : 28-07-2017 | By : sabah today | In : Local Business

KUALA LUMPUR: Malaysia’s timber and timber product exports rose 6.76 per cent to RM9.75 billion in the first five months of this year compared with the same period a year ago, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said.

He said the timber industry was one of the major contributors to the nation’s export earnings, recording between RM20 billion and RM22 billion in revenue annually over the past 10 years.

“This proves the significance of the timber industry as a consistent contributor to the nation’s earnings.

“We hope that by end of this year, we can achieve a growth of five per cent which is equivalent to RM23 billion in total,” he said at the Malaysian Timber Council’s 25th anniversary dinner here on Wednesday.

Furniture dominated the export earnings for the first five months of this year at RM3.28 billion followed by plywood (RM1.96 billion) and sawn timber (RM1.6 billion).

Mah urged timber industry players to embrace the fourth industrial revolution (industry 4.0) initiative undertaken by the government by integrating the principles of the industry into business.

He said the ministry would review the National Timber Industry Policy (NATIP) to redirect the course and strategic policies of the industry to fit into the current situation.

The review that will be conducted for the first time since NATIP’s implementation in 2009 will involve stakeholders, skilled manpower, innovation and technology, as well as sustainability.

“With the latest global development, we need to look into various aspects which include technology and connectivity, as well as policy issues,” he said.

Meanwhile, the Malaysian Wood Awards, which was an important event in MTC’s anniversary calendar, had two segments – the main awards for the professionals and a students’ category.

Entrants of the professional section in the main Malaysian Wood Awards competed in two categories – Residential and Public/Commercial while the Students’ Challenge, which is the student category, engaged undergraduates to design with timber either for the Building or Non-Building category. Only undergraduates from Part 1 of Architectural programmes accredited by The Board of Architects Malaysia were allowed to take part.

The winners of the professional section of the Residential category are B&A Family Holdings Sdn Bhd which won the first prize for its Kuang Retreat House. The second prize winner is Ar Azman Zainal Md Nor for his house called Anjung Kelana while the third prize winner is Ding Siew Ching for Bintang Residence.

Winners of the Public/Commercial Category are the Terengganu State Museum for its Rumah Haji Wan Su which won the first prize. The Malaysian Timber Industry Board’s Galeri Glulam took home the second prize while the third prize went to Paramount Property (Cjaya) Sdn Bhd for its Chengal House.

The winners of the Students’ Challenge’s Building category are Muhammad Aizat Anuar from UTM, who won the first prize for his Taman University Cookies Community Centre while the second prize winner is Lam Yung Ni from Limkokwing University of Creative Technology for her creation of the Eco-water Edge Centre – A Timber Forest. The third prize winner is Ooi Wei Kiat of Universiti Malaya for his design of the Rainforest Music School.

The winners of the Non-Building category of the Students’ Challenge are Luqman Hariz Shaarani from UiTM Puncak Alam for his fascinating creation of the “Medusa Pavilion” which won the first prize. The second prize winner is Muhammad Syafiq Mohamed Karim (UiTM Puncak Alam) for his design of “The Beautiful Curse” while the third prize winner is Aimi Adelina Azman (UiTM Puncak Alam) for her creation of the “Dwelling For Two”.

An initiative taken by MTC, the MWA was organized in collaboration with the Malaysian Institute of Architects.

MTC began its year-long jubilee celebration with the launch of its 25th anniversary tagline – Engage, Connect, Grow.

SOURCE— BERNAMA

Bank Negara to hold carnival August 4-6

Posted on : 28-07-2017 | By : sabah today | In : Local Business

Kota Kinabalu: The public can get free education on financial management and get exposed to various financial-based products and services during a ‘Financial Carnival’ to be held at the Suria Sabah Mall from 10am until 10pm from Aug 4 to 6.

Bank Negara Malaysia (BNM) Kota Kinabalu will stage the inaugural carnival at the Lower Floor and Ground Floor of the shopping mall following a similar carnival that was held in Kuala Lumpur in January this year.

Its Regional Head here Zambre Ismail said more than 40 exhibitors from financial services companies, insurance companies and relevant players in the finance industry including insurance, banks associations, Mara, Sabah Credit Corporation (SCC), AKPK, and PTPTN will be participating in the carnival.

“We are pleased to bring this carnival to the people of Sabah with our aim to educate and expose the people to proper financial management and provide free services … we are applying a one-stop centre concept in this carnival where we gather all relevant industry players in the finance industry like banks, insurance companies, and state government agencies that provide loans to small and medium –sized entrepreneurs.

“By doing so, the visitors save a lot of time and energy as they can make better choices on financial products and services that suit their needs rather than going to each of the banks, for instance to check on their interest rates and other charges,” he said, adding that the admission to the carnival is free.

Speaking to Daily Express at BNM Regional Office here, Zambre said the Chief Minister Datuk Seri Musa Aman is expected to officiate the carnival at the same venue at 3pm on Aug 4. It will be also be attended by BNM Governor Datuk Muhammad bin Ibrahim.

“BNM Kota Kinabalu will provide free service for public to check on their credits with banks and other financial agencies through our Centralised Credit Reference Information System (CCRIS) machine.

“Public can also verify any doubtful companies that seem to run get-rich schemes claiming that BNM has approved their schemes and operations.

“We would also take up any problems and complaints by the visitors pertaining to issues related to our jurisdiction,” he said, adding that Credit Management and Counselling Agency (AKPK) will also be at the carnival to offer its services to the people.

To a question, he said public cannot check their credit report with CTOS that is run by a private company as it was not among the exhibitors involved in the carnival.

Zambre said the carnival was purposely held for three days so as to provide opportunity for the people in Sabah to bring their families, and children to the event that is also another concept of educating and entertaining the visitors.

In educating public, he said the carnival will have 20 pocket talks by SMEs and credible speakers throughout the three days.

Among the talks, he said are testimonials and sharing of financial experiences by SMEs on how they manage their finances to run their businesses and the challenges they face as well as to how address them.

Furthermore, he said the talks will include the latest information on types of financial crimes such as how to identify fake currency notes, among others.

Zambre said schedule of the pocket talks will be put up at the venue so that visitors can choose which talks they wish to attend and can surf www.carnivalkewangan.com.my to get more information and contact BNM here at 088-522310 during office hours as well as centralised customer services of BNM at 1-300-885-465.

Apart from this, he said the carnival has created some activities and programmes to educate children on saving money such as games of quizzes, ‘Jom Buat Tabung’ activity and education on basic finance.

“We will also organise a karaoke competition that is open to the public. There will be a finals on the last day and prizes to be given out to the winners.

“We will also bring local celebrities and singers from Sabah such as AF Neera, AF Velvet and a famous local band here to perform and entertain the visitors at the carnival.

“There will be lucky draw to attract the crowd where the prizes are worth more than RM150,000 such as motorcycles and attractive prizes for holidays. They must register and the grand lucky draw will be on Aug 6,” Zambre said. – Hayati Dzulkifli

SOURCE:- THE BORNEO POST