Yeo first Chinese mayor of KK

Posted on : 01-02-2016 | By : sabah today | In : News

February 1, 2016
KOTA KINABALU: Datuk Yeo Boon Hai will officially be the first Chinese mayor of Kota Kinabalu City tomorrow, February 2.
Chief Minister Datuk Seri Panglima Musa Aman said Yeo, the current City Hall director general, will replace the city’s third mayor, Datuk Abidin Madingkir, whose term of service expires today, February 1.
The first Kota Kinabalu City Mayor was Datuk Abdul Ghani Rashid, who served from 2002 to 2006. Abidin, succeeded the city’s second mayor, Datuk Illyas Ibrahim, in February 2011.
Yeo, will be the city’s fourth and the first Chinese mayor.
“The Sabah government expresses its sincere appreciation and gratitude to Datuk Abidin Madingkir for his dedication and outstanding service as Mayor of the City,” Musa announced through a statement here yesterday.
“During his career, he has managed to bring many changes and advancements, in particular to City Hall and the citizens, thus making Kota Kinabalu an attractive, beautiful and prosperous natural resort city.
“The Sabah government congratulates the new mayor and looks forward to him carrying out his duties and responsibilities with commitment and dedication,” added Musa.
Yeo entered the civil service in 1980 as an officer in the Resource Development Ministry before moving on to the Tourism and Environment Ministry. He has held several important positions throughout his service with the state government, among which are as the district officer for Beaufort and Kudat, as well as the chief assistant director for the Sabah State Civil Service Department.
He was born in Sipitang and has a Bachelor of Science degree with Second Class honours in environmental biology from the United Kingdom.
Meanwhile, political and business leaders welcomed Yeo’s appointment as the fourth Mayor of Kota Kinabalu City.
Federation of Chinese Associations Sabah (FCAS) president Datuk Seri Panglima Dr T.C. Goh said the appointment reflects Chief Minister Datuk Seri Panglima Musa Haji Aman’s support for the Chinese community and his determination to develop the city.
“As we usher in the Year of the Monkey, we are very honored to welcome the first Chinese Mayor of Kota Kinabalu. FCAS welcomes and will fully support Yeo as the fourth Mayor of the city.”
Goh also urged the city folks to back Yeo in his new appointment and work together to achieve progress and prosperity for Kota Kinabalu.
He added that the federation looked forward to Yeo’s performance as a people-centric Mayor.
Kota Kinabalu Chinese Chamber of Commerce and Industry (KKCCCI) president Datuk Michael Lui also welcomes the appointment of Yeo.
Lui said Yeo is the first Chinese mayor since Kota Kinabalu was upgraded to city status 16 years ago in the year 2000.
“This is indeed good news for the community to celebrate and cheer about,” he said.
In fact, Lui described the appointment of a Chinese Mayor as the biggest lunar New Year angpow given by the Chief Minister to the Chinese community.
He is grateful that the Chief Minister is concerned and had listened to the wishes and appeals from the Chinese community, especially from KKCCCI.
“KKCCCI’s stand to fully support the government is clear and obvious. We will continue to give our strong support to the government especially the state government led by Musa,”he said in a press statement yesterday.
On behalf of KKCCCI members and the Chinese community, Lui congratulated Yeo on his appointment.
He hoped that the new Mayor would further improve and upgrade the basic facilities and infrastructure in and around Kota Kinabalu, particularly pertaining to traffic congestion in the city.
“In line with the rapid development in Kota Kinabalu in recent years, the infrastructure in the city has to be upgraded to meet the needs of the people,” he said.
Lui also requested Yeo to focus more on developing Kota Kinabalu as a tourism paradise to lure Chinese tourists in order to stimulate the economy of the state capital.
He added that KKCCCI would arrange a courtesy call on the new mayor in the near future to build better rapport, and would continue to jointly organize events such as My Rubbish My Responsibility and Safe City Campaign with City Hall.
Liberal Democratic Party (LDP) also welcomes the appointment of Yeo as the new Mayor of Kota Kinabalu City.
LDP chief publicity officer Albert Kok said Yeo’s vast administrative experience as a civil servant and district officer would help to make him a competent mayor.
He added that Yeo, who is the first Chinese to hold the post since Kota Kinabalu, was elevated to city status in 2000, showed that the mayoral appointment transcended race.
Kok believed that city folks, irrespective of their race and religion, would benefit when Yeo assumes office.
“Yeo is an approachable and helpful person. During his tenure as the Director-General of City Hall, Yeo had rendered much assistance in resolving issues faced by the people in Kota Kinabalu. I believe he will be a very dedicated and responsible Mayor,” Kok said in a press statement yesterday.
Parti Keadilan Rakyat (PKR) Api Api assemblywoman Christina Liew said Yeo would have lots of work to do to improve the image of KK city.
“First and foremost is cleanliness,”she said.
“Congratulations and welcome his (Yeo) appointment. I hope he will be a people’s mayor, serving the people without fear or favour. I look forward to working with him as the wakil rakyat of KK,”she added.
In the past, Liew expressed difficulty in getting government officials’ cooperation when trying to address the concerns of the people in her constituency.
The state assemblywoman expressed this to the media around a year ago in February 2015, during her Chinese New Year walkabout at the Sunday Gaya Street Market here.
One of the persons singled out during that time was Mayor Datuk Abidin Madingkir, whom she thought could possibly be busy with other tasks when trying to get in touch with him.
(Source: The Borneo Post)
February 1, 2016
KOTA KINABALU: Datuk Yeo Boon Hai will officially be the first Chinese mayor of Kota Kinabalu City tomorrow, February 2.
Chief Minister Datuk Seri Panglima Musa Aman said Yeo, the current City Hall director general, will replace the city’s third mayor, Datuk Abidin Madingkir, whose term of service expires today, February 1.

Senate approves motion on TPPA

Posted on : 29-01-2016 | By : sabah today | In : News

January 29, 2016
KUALA LUMPUR: Malaysia is all set to be part of the world’s largest trade pact after the Senate yesterday gave a clear go-ahead for the country to join the Trans-Pacific Partnership Agreement (TPPA).
The Upper House, in a special meeting here, approved, based on a voice vote, the motion to back Malaysia’s participation in the TPPA.
The passage of the motion was announced by Dewan Negara president Tan Sri Abu Zahar Ujang.
A total of 21 senators had spoken during the debate on the motion tabled by International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who said the TPPA would strengthen Malaysia’s competitiveness, regionally and globally.
A similar motion was approved by the Dewan Rakyat on Wednesday after a two-day sitting.
In his winding up speech in Dewan Negara, Mustapa said after TPPA is signed, it can be reviewed within three years after being ratified.
He assured that the government would not change vital policies, especially pertaining to Bumiputera and matters that could not be changed as enshrined in the Federal Constitution after the TPPA is signed.
On concerns raised by several Senators on the investor-state dispute settlement (ISDS) mechanism that would favour foreign companies, he said ISDS was also important to protect the interests of Malaysian companies investing abroad.
He said the ISDS mechanism in TPPA had been revised whereby disputes would be brought to the TPP Commission.
He said the Dewan Negara would also consider the best way to set up a committee taskforce to monitor the TPPA after it is signed later as proposed.
Speaking to reporters at the Parliament lobby after the motion was passed, Mustapa said Malaysia’s participation in the TPPA would only be ratified after all amendments to the relevant laws were completed.
“Firstly signature, secondly ratification, any country that is not ratified after two years (then) is not a member of TPPA. That is under the international laws,” he said.
Meanwhile Mustapa said the ministry and related agencies would continue to implement information programmes to the grassroots so that they could get the correct facts and fully understand the agreement.
“It is important for us (ministry) to continue engagement work, outreach,  particularly at the grassroot level so that any fears or ridicule being cultivated by certain parties could be addressed,” he said.
He said the government, in principal, had agreed with the proposal put forward by Members of Parliament and Senators on the establishment of the TPPA Research Institute to ensure its smooth implementation.
TPPA comprises 12 countries, namely Malaysia, Brunei, Singapore, Japan, Vietnam, New Zealand, Australia, Canada, United States of America, Chile, Peru and Mexico.
It will be signed in New Zealand on Feb 4 after going through the negotiation process since 2010.
TPPA is expected to take effect in 2018. — Bernama
(Source: The Borneo Post)
January 29, 2016
KUALA LUMPUR: Malaysia is all set to be part of the world’s largest trade pact after the Senate yesterday gave a clear go-ahead for the country to join the Trans-Pacific Partnership Agreement (TPPA).
The Upper House, in a special meeting here, approved, based on a voice vote, the motion to back Malaysia’s participation in the TPPA.

Highlights of the recalibrated 2016 budget speech by PM Najib

Posted on : 28-01-2016 | By : sabah today | In : News

January 28, 2016
KUALA LUMPUR: Following are the highlights of the special address by Prime Minister and Finance Minister Datuk Seri Najib Tun
Razak on the recalibration and restructuring of the 2016 Budget presented at the Putrajaya International Convention Centre today.
* Government to revise 2016 GDP growth projection to between 4 per cent and 4.5 per cent to reflect its new assumption of Brent crude oil price of US$30-35 a barrel;
* Government committed to achieve fiscal deficit target of 3.1 per cent to GDP in 2016;
* National debt level will continue to be reduced and will not exceed the prudent level of 55 per cent to GDP;
* Government will neither impose capital control nor peg the ringgit;
* Monetary policy and interest rate will be maintained at a level that supports domestic economic activity;
* Government remains committed to achieving the targeted private investment totalling RM215 billion this year;
* Implementation of major projects such as MRT and LRT, Pan-Borneo Highway, Malaysian Vision Valley, Cyber City Centre, RAPID Pengerang and High-Speed Rail will continue;
* To penetrate international markets, MATRADE and SME Corp will intensify the mid-tier and Go-Export programmes;
* To enhance the credit guarantee facility for trade, EXIM Bank will increase funds for financing by RM500 million;
* Compulsory Employee Provident Fund contribution by employees to be reduced by 3 per cent from March 2016 to December 2017. Employers’ contribution remains;
* Special tax relief of RM2,000 for those earning RM8,000 per month or less in the 2015 assessment year;
* All new houses costing RM300,000 and below can only be sold to first-time house buyers;
* Continuation of housing loans at four per cent interest for 10,000 house buyers who are buying homes costing RM35,000 and less;
* No visa needed for tourists from China from March 1-Dec 31 for visits no longer than 15 days, subject to conditions;
* RM6 billion allocated to assist small medium enterprises and start-ups; Government-linked companies to reduce salary gap between top management and workers;
* Good and Services Tax to remain at prevailing rate of 6 per cent;
* Government to continue with implementation of one annual increment for civil servants on 1 July 2016, as promised in the 2016 Budget;
* These prudent measures are expected to save RM9 billion in operating expenditure and development expenditure. -Bernama
(Source: The Borneo Post)
January 28, 2016
KUALA LUMPUR: Following are the highlights of the special address by Prime Minister and Finance Minister Datuk Seri Najib Tun
Razak on the recalibration and restructuring of the 2016 Budget presented at the Putrajaya International Convention Centre today.

Let’s protect peace, harmony – CM

Posted on : 24-01-2016 | By : sabah today | In : News

January 24, 2016
KOTA KINABALU: The state government will not allow anyone to break the harmony that has long existed between Sabah’s multi-ethnic, multiracial and multi-religious people.
“I wish to take this opportunity to stress that we will not allow any parties or individuals to disrupt harmony between people of different faiths, and unity among races that we have built over the years in Sabah,” stressed Chief Minister Datuk Seri Panglima Musa Aman at the launch of the Dragon, Unicorn and Lion Dance Festival at Likas Sports Complex here yesterday.
“Let us all work together and be committed in ensuring peace and harmony prevail for the sake of our generation and the next.
“Our diversity is not an excuse for us to look for differences that come with who we are. Let us leverage on our diversity and turn this into our strength in shaping a progressive and developed Sabah and Malaysia. Our diversity gives us every reason to contribute effectively to this state and to our nation,” he elaborated.
Musa said the people of Sabah had continuously endured and survived various challenges in unity, keeping intact the peace and harmony in the state.
“Regardless of our background in terms of race and religion, we should be proud that we are able to accept one another and that we are tolerant when it comes to respecting the cultures and traditions of the different ethnicities in Sabah,” he said.
The United Sabah Chinese Communities Association of Kota Kinabalu (USCCA) president John Lim said, the chief minister extended a RM30,000 contribution to the association.
“This has ensured the smooth implementation of the Dragon, Unicorn and Lion Dance Festival. I believe the YAB Chief Minister really understands the voice and the Chinese people,” said Lim.
“We hope the state will reach an ever higher level and the Tiounghua group will be equally taken care of by the government,” he added.
(Source: The Borneo Post)
January 24, 2016
KOTA KINABALU: The state government will not allow anyone to break the harmony that has long existed between Sabah’s multi-ethnic, multiracial and multi-religious people.
“I wish to take this opportunity to stress that we will not allow any parties or individuals to disrupt harmony between people of different faiths, and unity among races that we have built over the years in Sabah,” stressed Chief Minister Datuk Seri Panglima Musa Aman at the launch of the Dragon, Unicorn and Lion Dance Festival at Likas Sports Complex here yesterday.

Sarawak dapat 13 kuasa

Posted on : 22-01-2016 | By : sabah today | In : News

January 22, 2016
KUCHING: Sarawak tidak terkecuali daripada tindakan untuk meningkatkan kesiapsiagaan polis dalam menghadapi sebarang kemungkinan termasuk ancaman daripada militan Islamic State (IS).
Ketua Polis Negara Tan Sri Khalid Abu Bakar berkata, polis terutama cawangan khas menjalankan beberapa operasi proaktif bagi memastikan militan berkenaan tidak mengambil kesempatan dalam perkembangan yang berlaku.
“Kita tidak mengecualikan Sarawak daripada tindakan kita meningkatkan kesiapsiagaan ini.
“Maka itu juga sebab saya dan beberapa pengarah termasuk cawangan khas mengadakan lawatan ke Sarawak bagi memastikan semua dalam keadaan baik dalam kita menghadapi apa juga cabaran termasuk ancaman IS,” katanya.
Beliau berkata demikian pada sidang media selepas mengadakan pertemuan bersama anggota dan pegawai PDRM Sarawak yang turut dihadiri Timbalan Pesuruhjaya Polis Negeri Datuk Abd Aziz Yusof di Ibu Pejabat Kontinjen (IPK) Sarawak di sini, semalam.
Khalid menegaskan, orang ramai dinasihatkan sentiasa berada dalam keadaan berjaga-jaga dan Perdana Menteri Datuk Seri Najib Tun Razak sendiri turut mengingatkan rakyat negara ini agar lebih berhati-hati.
“Ancaman daripada militan IS ini adalah benar dan kita perlu awas agar keselamatan kita sentiasa berada di tahap baik.
“Bagi tujuan meningkatkan keyakinan orang ramai dan memastikan kumpulan ini tidak mengambil kesempatan, pihak polis khusunya bahagian cawangan khas menjalankan operasi proaktif,” ujarnya.
Tambah beliau, semua pasukan polis telah diletakkan dalam keadaan berjaga-jaga dan begitu juga pihak Angkatan Tentera Malaysia (ATM) bersama memastikan unit mereka berada dalam keadaan siap sedia.
Katanya semua itu adalah untuk menghadapi apa juga kemungkinan yang berlaku ekoran ancaman IS.
“Ketiga,  jawatan di Jabatan Imigresen Sarawak akan diperkukuhkan bagi meningkatkan fungsi penguatkuasaan dalam negeri dengan menambah sebanyak 100 jawatan baharu dengan kekosongan itu akan dipenuhi penghujung Februari 2016,” jelasnya.
Persetujuan keempat pula melibatkan nisbah guru kelahiran Sarawak berkhidmat di negeri ini akan ditingkatkan kepada 90 peratus dalam kalangan guru tempatan menjelang 2018.
Bagi memastikan sasaran itu dicapai, katanya jawatan guru sementara daripada pasaran terbuka akan dipertimbangkan dari semasa ke semasa dan mereka berpeluang mendapatkan Diploma Pendidikan mereka semasa mengajar dalam tempoh dua tahun, katanya.
Kuasa pentabiran kelima pula ialah  kuasa warden trafik untuk pihak berkuasa tempatan Sarawak akan diberikan kepada Majlis Bandaraya Miri, selain Dewan Bandaraya Kuching Utara (DBKU) dan Majlis Bandaraya Kuching Selatan (MBKS).
Keenam, kerajaan negeri akan dikonsultasi terlebih dahulu sebelum permohonan Permit Perikanan Laut Dalam dikemukakan kepada Jawatankuasa Penilaian Permit Laut Dalam untuk dipertimbangkan.
Ketujuh, kerajaan kegeri akan dikonsultasi dalam merangka perundangan persekutuan yang berfaedah atau memberi kesan kepada Kerajaan Negeri Sarawak.
“Kelapan, perancangan projek-projek pembangunan persekutuan di negeri Sarawak akan diberi keutamaan kepada Pelan Pembangunan Negeri Sarawak Lima Tahun berdasarkan bajet yang diluluskan.
“Pelaksanaan projek akan dirujuk atau dibincangkan antara kementerian dan kerajaan negeri seperti menentukan lokasi sekolah, hospital dan pelaksanaan projek-projek pembangunan yang lain,” jelasnya.
Peruntukan kesembilan pula, kementerian bertanggungjawab akan mengambil langkah-langkah perlu untuk meningkatkan jumlah kemasukan pelajar daripada kalangan rakyat Sarawak ke dalam program Ijazah Sarjana Muda Perubatan di universiti awam.
Dengan kata lain, Sarawak akan diberi peluang yang lebih besar untuk memasuki program pengajian asas di Univerisiti Malaysia Sarawak (UNIMAS), tambahnya.
“Peruntukan ke-10 melibatkan persetujuan bahawa bidang yang boleh diturunkan kuasa akan dikenal pasti oleh ketua pengarah di bawah Seksyen 49 Akta Kualiti Alam Sekeliling 1974 kepada pegawai negeri/jabatan.
“Peruntukan ke-11 ialah pembangunan projek-projek perumahan di Sarawak yang akan dilaksanakan semula melalui Mesyuarat Jawatankuasa Bersama.
“Ini untuk memastikan agensi-agensi kerajaan negeri terlibat sepenuhnya dalam perancangan, pelaksanaan dan pemantauan aspek projek-projek di negeri Sarawak,” jelas Adenan.
Penurunan kuasa ke-12, adalah dipersetujui bahawa pembangunan sukan di negeri Sarawak diuruskan bersama-sama dengan kerajaan negeri dan Kementerian Belia dan Sukan sedang dalam proses meningkatkan Akta Pembangunan Sukan 1997 yang dijangka siap pada akhir 2016.
“Peruntukan terakhir iaitu ke-13 ialah adalah dipersetujui bahawa kerajaan negeri akan menjalankan semua fungsi di bawah Jabatan Kebajikan Masyarakat.
“Semua jawatan akan dipindahkan kepada Perkhidmatan Awam Negeri dan kerajaan persekutuan akan menyumbang 50 peratus daripada kos yang ditanggung seperti yang diputuskan oleh Majlis Kewangan Negara,” jelasnya.
(Source: The Borneo Post)
January 22, 2016
KUCHING: Sarawak tidak terkecuali daripada tindakan untuk meningkatkan kesiapsiagaan polis dalam menghadapi sebarang kemungkinan termasuk ancaman daripada militan Islamic State (IS).
Ketua Polis Negara Tan Sri Khalid Abu Bakar berkata, polis terutama cawangan khas menjalankan beberapa operasi proaktif bagi memastikan militan berkenaan tidak mengambil kesempatan dalam perkembangan yang berlaku.

FSI calls on MID to pay special attention to Sabah SMIs, SMEs’ growth

Posted on : 22-01-2016 | By : sabah today | In : News

22nd January, 2016
KOTA KINABALU: The Federation of Sabah Industries (FSI) has asked the Ministry of Industrial Development (MID) to accord special attention to Sabah SMIs and SMEs’ growth, more so now amid GST, Minimum Wages and declining Ringgit that push up the already high costs that hit mostly small players.
While the big players – O&G and Palm Oil industry have generated business opportunities for SMIs and SMEs, a sizeable number of SMIs and SMEs in Sabah could not reasonably benefit from the spill over effects. For this reason, FSI requests the Ministry to place special focus to helping the smaller industries that are the backbone the State’s economy and is prepared to play a role alongside MID in achieving better GDP and the 2020 Vision.
In terms of incentives, grants or funding, Sabah must be given special exclusive allocation. This is because most schemes currently announced by KL do not reach Sabah in a timely manner to be of benefit to Sabah. Many Sabah applicants have been turned down as they do not qualify; in light of this, FSI asked that the eligibility criteria be revised to a more realistic level that is reflective of Sabah’s less developed context.
FSI opines that the Federal Government should be more receptive to the grievances of the Sabah industries and asked that MID be the channel to carry the industry’s voices on Federal issues such as transhipment hub status for Sabah.
As a measure to mitigate the effects of the current depressed economy, FSI proposed to revive the Made-In-Sabah-Product campaigns for the SMIs/SMEs, which will see money circulating within the local economy. FSI also proposes that the current training collaborations and usual support for SIE2016 from 15th to 18th September 2016 at Kota Kinabalu be continued, as well commencing on new collaborations such as the Sabah Industry Excellence Awards and to conduct special briefings for FSI on its Vendor Development Programme.
Meanwhile, FSI welcome MID’s suggestion to have more dialogues or engagement sessions with FSI/NGOs especially those dealing with business. This was conveyed by MID through the Honourable Deputy Chief Minister cum Minister of Industrial Development, Datuk Raymond Tan Shu Kiah during a courtesy call held at Wisma FSM, Menggatal
(Source: New Sabah Times)
22nd January, 2016
KOTA KINABALU: The Federation of Sabah Industries (FSI) has asked the Ministry of Industrial Development (MID) to accord special attention to Sabah SMIs and SMEs’ growth, more so now amid GST, Minimum Wages and declining Ringgit that push up the already high costs that hit mostly small players.

76.34% of 2015 allocation spent – CM

Posted on : 22-01-2016 | By : sabah today | In : News

January 22, 2016
KOTA KINABALU: Chief Minister Datuk Seri Musa Aman said until January 10, this year RM2.89 billion or 76.34% of the allocation in 2015 had been utilised to finance development projects being implemented in the State.
Citing a report from the State Federal Development Office and based on the Project Monitoring System II (SPPII), he said this performance was 3.92% above the national average of 72.42%.
“Every year, the state has been allocated a large amount of the provision by the federal government compared to other states,” he said in a statement after chairing the State Action Committee meeting here yesterday.
Musa, who is also the Finance Minister, added Prime Minister Datuk Seri Najib Tun Razak in tabling the National Budget 2016 late last year had focused on the development of Sabah and Sarawak.
However, a revision of the Budget 2016 will be made on January 28 this year following several external factors and taking into consideration the current economic scenario, namely the economic slowdown in China, which is Malaysia’s largest trading partner, and also the decline in crude oil and commodity prices as well as the strengthening of the US dollar compared to the Ringgit.
“In addition, the Prime Minister has also emphasized on two main factors to optimize the expenses of every Ringgit spent that could cause actual results or even the greatest effect. The second thing is to use the power of our minds to be more creative and innovative ways to increase productivity.
“Since 2016 is a very challenging year, I call on all civil servants to manage the resources efficiently to ensure that all projects are completed on schedule,” he added.
(Source: The Borneo Post)
January 22, 2016
KOTA KINABALU: Chief Minister Datuk Seri Musa Aman said until January 10, this year RM2.89 billion or 76.34% of the allocation in 2015 had been utilised to finance development projects being implemented in the State.

Malaysia to record GDP 4-4.5pc growth this year

Posted on : 21-01-2016 | By : sabah today | In : News

January 21, 2016
Kuala Lumpur: Malaysia is expected to register real gross domestic product (GDP) growth of 4.0-4.5 per cent this year given the country’s challenging prospects, both domestic and international, said independent economist, Lee Heng Guie.
For the medium term, he said, the prospects would be steady but unspectacular with domestic demand to continue underpin the GDP.
“The key driver of growth for Malaysia will be the expansion of trade, services and investment from its participation in the Asean Economic Community, Regional Comprehensive Economic Partnership and Trans-Pacific Partnership Agreement.
“Another driver is the firmer domestic demand conditions supported by improved income growth and stable employment, as well as, continued implementation of mega public infrastructure projects,” he said in his presentation at the 9th Property Market Outlook 2016 here Wednesday.
Nevertheless, Lee said, the downside risk for growth still persisted with exports remained constrained by uneven global and trade growth as well as weak commodity prices. He said oil prices was expected to remain under pressure throughout the year, hovering between US$25-US$35 per barrel, while the rise in crude palm oil price to remain moderate at RM2,450 per tonne.
For the ringgit, the prospects of higher US interest rate and narrowing interest rate differentials, coupled with risk of further reminbi devaluation and low visibility in global oil prices, would weighed on the currency’s movements, he said.
He said the ringgit was expected to end the year at 4.00-4.30 against the US dollar.
Going forward, Lee said, political stability, strong and credible public institutions and credible policies were crucial to enhance investor confidence as well as maintain economic and financial stability.
“The economy and capital market now, compared to 1997-1998, are considerably more open and liberalised.
“Policymakers had learned some important lessons from the Asian Financial Crisis to prevent a crisis,” he said. – Bernama
(Source: Daily Express)
January 21, 2016
Kuala Lumpur: Malaysia is expected to register real gross domestic product (GDP) growth of 4.0-4.5 per cent this year given the country’s challenging prospects, both domestic and international, said independent economist, Lee Heng Guie.

UMS signs MoU with Yun Fook Resources

Posted on : 21-01-2016 | By : sabah today | In : News

21st January, 2016
KOTA KINABALU: The collaboration between the Universiti Malaysia Sabah (UMS) and Yun Fook Resources will not only boost the university’s capacity in producing highly skilled graduates, but also generate its own funding.
UMS Vice Chancellor, Professor Datuk Dr Mohd Harun Abdullah who signed the Memorandum of Understanding (MoU) with Yun Fook Resources chairman, Datuk Yap Yun Fook, said that the collaboration entails practical learning on all aspects of commercial eco-friendly dairy farming.
The deal includes the opening of 70 acres of UMS land in Apin-Apin, Keningau and another 40 acres in Sandakan for commercial dairy farming purposes.
“The state government has also committed to give 200 acres of land in Keningau to UMS, which will also be turned into a dairy farm,” he told reporters after signing the MoU at UMS campus here yesterday.
According to Dr Mohd Harun, the collaboration will benefit students in learning the daily activities of dairy farming, food security, environment management, and business.
Also present was UMS board of directors’ chairman, Tun Zaki Tun Azmi.
(Source: New Sabah Times)
21st January, 2016
KOTA KINABALU: The collaboration between the Universiti Malaysia Sabah (UMS) and Yun Fook Resources will not only boost the university’s capacity in producing highly skilled graduates, but also generate its own funding.

Malaysia to record GDP 4-4.5pc growth this year

Posted on : 21-01-2016 | By : sabah today | In : News

January 21, 2016
Kuala Lumpur: Malaysia is expected to register real gross domestic product (GDP) growth of 4.0-4.5 per cent this year given the country’s challenging prospects, both domestic and international, said independent economist, Lee Heng Guie.
For the medium term, he said, the prospects would be steady but unspectacular with domestic demand to continue underpin the GDP.
“The key driver of growth for Malaysia will be the expansion of trade, services and investment from its participation in the Asean Economic Community, Regional Comprehensive Economic Partnership and Trans-Pacific Partnership Agreement.
“Another driver is the firmer domestic demand conditions supported by improved income growth and stable employment, as well as, continued implementation of mega public infrastructure projects,” he said in his presentation at the 9th Property Market Outlook 2016 here Wednesday.
Nevertheless, Lee said, the downside risk for growth still persisted with exports remained constrained by uneven global and trade growth as well as weak commodity prices. He said oil prices was expected to remain under pressure throughout the year, hovering between US$25-US$35 per barrel, while the rise in crude palm oil price to remain moderate at RM2,450 per tonne.
For the ringgit, the prospects of higher US interest rate and narrowing interest rate differentials, coupled with risk of further reminbi devaluation and low visibility in global oil prices, would weighed on the currency’s movements, he said.
He said the ringgit was expected to end the year at 4.00-4.30 against the US dollar.
Going forward, Lee said, political stability, strong and credible public institutions and credible policies were crucial to enhance investor confidence as well as maintain economic and financial stability.
“The economy and capital market now, compared to 1997-1998, are considerably more open and liberalised.
“Policymakers had learned some important lessons from the Asian Financial Crisis to prevent a crisis,” he said. – Bernama
(Source: Daily Express)
January 21, 2016
Kuala Lumpur: Malaysia is expected to register real gross domestic product (GDP) growth of 4.0-4.5 per cent this year given the country’s challenging prospects, both domestic and international, said independent economist, Lee Heng Guie.

Najib urges Malaysians to stand united against terror threat

Posted on : 18-01-2016 | By : sabah today | In : News

18 January 2016
PETALING JAYA: In the wake of growing fears of terrorist threats, Prime Minister Datuk Seri Najib Tun Razak has called on Malaysians to not speculate or spread rumours that could spark public fear regarding national security.
In a statement on Monday, Najib urged Malaysians to stand united against the threat of terrorists and not to undermine the public’s trust in Malaysia’s national security by speculation and fear-mongering.
“I am confident that every citizen who loves peace and harmony will cooperate with the Government to oppose the threat of terrorism.
“We must be united in overcoming the threat of these terrorists.
“Thus, it would be sensible if we did not to speculate nor spread information that could spark public concern on the level of national security,” said Najib.
The Prime Minister said that the National Security Council (NSC), which he chairs, takes the threat posed by terrorists very seriously and has resolved to take measures against any terrorist effort.
“This includes the Government decision to introduce the National Security Council Act 2015 that enables the Government to more effectively take action in tackling terrorist incidents in the country,” he said.
He added that he would chair the NSC meeting on Tuesday, which will discuss security measures that have been taken as well as latest developments including the terrorist incident in Jakarta last week.
(Source: The Star)
18 January 2016
PETALING JAYA: In the wake of growing fears of terrorist threats, Prime Minister Datuk Seri Najib Tun Razak has called on Malaysians to not speculate or spread rumours that could spark public fear regarding national security.

Sabah tightens security

Posted on : 18-01-2016 | By : sabah today | In : News

January 18, 2016
KOTA KINABALU: Chief Minister Datuk Seri Panglima Musa Aman has ordered the police to tighten the security in Sabah following the bomb attacks in Jakarta, Indonesia three days ago.
This is especially vital, considering the close proximity of the State to Southern Philippines, whose militant groups have openly pledged their allegiance to the Islamic State (IS), he said.
“We are deeply saddened and troubled by what had happened in Indonesia, which is why I have asked our Commissioner of Police to ensure that extra precautions are taken in every corner of the State so as to prevent any unwanted incident,” he said at the shooting skills session organized by the Sabah police at its headquarters here yesterday.
Sabah Commissioner of Police Datuk Rashid Harun said that efforts were being intensified following the latest development on IS attacks, vowing that the police force would ensure the State is safe and secure.
He stressed that this effort is not limited to the Eastern Sabah Security Zone (ESSZone) alone but that of the entire State.
“We have been working closely with the Eastern Sabah Security Command (ESSCom) and they too are tightening the security in ESSZone,” he said when met at the same event yesterday.
Rashid also advised the public not to simply believe in hearsays and rumors about IS activities in the State and to always check with the police before believing or spreading the so-called information.
He added that the police’s intelligence unit is also “doing a good job” in tracking relevant information.
“I have been and will be closely monitoring all information from the intelligence,” he said.
(Source: The Borneo Post)
January 18, 2016
KOTA KINABALU: Chief Minister Datuk Seri Panglima Musa Aman has ordered the police to tighten the security in Sabah following the bomb attacks in Jakarta, Indonesia three days ago.
This is especially vital, considering the close proximity of the State to Southern Philippines, whose militant groups have openly pledged their allegiance to the Islamic State (IS), he said.

Raymond backs FSI to fix industrial woes

Posted on : 16-01-2016 | By : sabah today | In : News

January 16, 2016
KOTA KINABALU: Deputy Chief Minister and Minister of Industrial Development Datuk Seri Panglima Raymond Tan together with its Permanent Secretary Datuk Hashim Haji Paijan, director of Industrial Development and Research Patrick Tan, and Political Secretary Chan Shui Kiong, paid a courtesy call on the Federation Of Sabah Industries (FSI) at KKIP, yesterday morning.
During the discussion the minister shared with FSI members the latest industrial development in Sabah and the target needed to be achieved.
Raymond said he needed to engage with FSI to understand and help improve the GDP for Sabah, and would fully support FSI to solve Sabah’s industrial problems.
The president of FSI Datuk Mohd Basri Abd Gafar expressed his appreciation that the minister could come and find out their problems and the needs of its members.
He said FSI was willing to work with MID to improve Sabah’s industries for the benefit of Sabah SMI/ SME.
Mohd Bari also briefed the minister on the status of the Sabah International Expo (SIE) 2016 which will be held on September 15 to 18.
Also present was Datuk Seri Panglima Wong Khen Thau, FSI Life President and Advisor.
(Source: The Borneo Post)
January 16, 2016
KOTA KINABALU: Deputy Chief Minister and Minister of Industrial Development Datuk Seri Panglima Raymond Tan together with its Permanent Secretary Datuk Hashim Haji Paijan, director of Industrial Development and Research Patrick Tan, and Political Secretary Chan Shui Kiong, paid a courtesy call on the Federation Of Sabah Industries (FSI) at KKIP, yesterday morning.

Budget 2016 adjustments to focus on positive impact for market, people

Posted on : 16-01-2016 | By : sabah today | In : News

January 16, 2016
PUTRAJAYA: The recalibration of the Budget 2016 will focus what are considered positive by the market and the people, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the recalibration would include issues on the cost of living, unemployment rate, private sector boost and commodities, especially oil prices.
“These considerations will improve the welfare of the people and deal with what is deemed important by the people.
“We took early steps … government is being very proactive and we do not want the situation to overtake us. We should be able to take approriate measures to reduce any negative impact it might have on the economy and welfare of rakyat,” he told a media briefing yesterday.
Earlier, Najib chaired three meetings with analysts, economists, captains of industry and Special Economic Committee to seek their views on the proposed recalibration of the Budget
2016.
Also present was Minister in the Prime Minister Department Datuk Seri Abdul Wahid Omar.
He said the meetings were held to ensure a comprehensive engagement and consultation process to gather the views and suggestions from various parties related to the recalibrated Budget 2016.
“This will serve as the basis and consideration in efforts to present a Budget 2016 recalibration,” he said.
Najib said he would also meet consumer representatives and relevant bodies including government-linked companies soon.
Najib is scheduled to present the recalibrated Budget 2016 on Jan 28.
On the response from meetings with industry leaders, Najib said, the group was positive about the government’s plans to recalibrate Budget 2016.
“As in previous years, we take proactive measures whereby we do not want a specific situation to exert pressure on the nation’s economy and make it difficult for the people,” he said.
Meanwhile, Najib said the recalibration of Budget 2016 should not be seen in isolation but should be considered as a total policy package by the government.
“We will have to consider whatever measures we are going to do considering their impact on growth, employment and inflation,” he said. — Bernama
(Source: The Borneo POst)
January 16, 2016
PUTRAJAYA: The recalibration of the Budget 2016 will focus what are considered positive by the market and the people, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the recalibration would include issues on the cost of living, unemployment rate, private sector boost and commodities, especially oil prices.

FSI: No myth in stance against Cabotage Policy in Sabah

Posted on : 14-01-2016 | By : sabah today | In : News

January 14, 2016
KOTA KINABALU: The Federation of Sabah Industries (FSI) has denied that its stance against the Cabotage Policy in Sabah is merely a myth and not supported by facts.
Its honorary life president, Datuk Seri Wong Khen Thau said his argument that the policy had adverse effects on Sabah and its people was a fact.
“The Cabotage Policy does not bring benefits to the industry or Sabahans.
“It’s protectionist in nature and benefitting only shipowners,” he said at press conference here yesterday.
Wong claims that the policy is lopsided and outdated and warranted a review as it retards industry efficiency, competitiveness and development.
He said the policy had directly or indirectly driven up the cost of living in the state.
In order to help Sabah’s small and medium enterprises (SMEs) sustain in the Malaysian and global value chain, he proposes staggered measures to be taken to designate the Sepanggar Bay Container Terminal as another national transhipment hub to serve the Far East region.
He also proposes a fully liberalise route between Port Klang and the Sepanggar Port, introduction of a freight equalisation scheme in the form of cost compensation for Sabah businesses, and establishment of a logistic council to monitor the cost structure and efficiency of shipping companies.
Wong said as a representative of the industry, especially manufacturers, who were mostly small and medium indistries and SMEs, and some importers as well as exporters, FSI had to voice their grievances. — Bernama
(Source: The Borneo Post)
January 14, 2016
KOTA KINABALU: The Federation of Sabah Industries (FSI) has denied that its stance against the Cabotage Policy in Sabah is merely a myth and not supported by facts.
Its honorary life president, Datuk Seri Wong Khen Thau said his argument that the policy had adverse effects on Sabah and its people was a fact.