RM72m to develop 5,000 bumiputera human capital, Najib

Posted on : 19-12-2014 | By : sabah today | In : News

19 DECEMBER 2014
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today announced that the Yayasan Peneraju Pendidikan Bumiputera will allocate RM72 million for the development of about 5,000 Bumiputeras next year.
He said 500 of them would receive scholarships through the ‘Peneraju Tunas’ scheme; 3,500 through the ‘Peneraju Skil’ scheme and between 800 and 1,000 through the ‘Peneraju Profesional’ scheme that would include 500 pursuing accounting programmes.
The accounting programmes would encompass basic certification programmes such as CAT, CFAB, CAB-CIMA and professional certification programmes such as ACCA, CIMA, CPA Australia, ICAEW and MICPA-ICAA, he told a news conference after chairing a meeting of the Yayasan Peneraju board of trustees here.
Najib also said that the foundation would look into the second wave of scholarships to be given out between 2015 and 2017.
“Applications have been made for allocations. We will announce the subsequent programmes,” he said.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah also attended the meeting as members of the board. Also present was foundation chief executive Raja Azura Raja Mahayuddin.
Yayasan Peneraju began operations in February 2012 with the objective of fulfilling the government aspiration to ensure that Bumiputeras can be competitive and contribute to national economic growth to enable Malaysia achieve developed nation status by 2020.
It is a trust fund established to ensure that the capability and expertise of Bumiputeras continue to be developed to enable them to be competitive on a global scale.
Yayasan Peneraju is a component of the Bumiputera Economic Transformation Roadmap under the Economic Planning Unit of the Prime Minister’s Department.
Najib, who is the finance minister, said more than 4,000 people had received the first wave of scholarships, up to this year, under the Peneraju Tunas, Peneraju Skil and Peneraju Profesional schemes since the foundation started operations. -Bernama
(Source: New Straits Times)
19 DECEMBER 2014
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today announced that the Yayasan Peneraju Pendidikan Bumiputera will allocate RM72 million for the development of about 5,000 Bumiputeras next year.

Malaysia can achieve target of being high-income nation by 2020 — World Bank

Posted on : 18-12-2014 | By : sabah today | In : News

December 18, 2014
KUALA LUMPUR: Malaysia will be able to achieve its target to become a high-income nation by 2020, said World Bank country director for South-East Asia, East Asia and Pacific Region, Ulrich Zachau.
Zachau said the country has used its rich natural resources and high economic growth to lift millions of households out of absolute poverty.
“It now has the opportunity to transform from a middle-income country to a middle class society, fulfilling the aspirations of lower-income families and workers to join a dynamic, better-educated, higher-earning middle class that is already becoming the engine of Malaysia’s economic growth,” he said.
Ulrich said this at the launch of World Bank’s 11th Edition of the Malaysia Economic Monitor, December 2014: Towards a Middle Class Society’ here yesterday.
Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar, launched the report.
The Malaysia Economic Monitor supports enlarging the middle class as critical to reducing income inequality and promoting shared prosperity in Malaysia.
According to the report, Malaysia has in many ways become a success story in shared prosperity.
In the past 40 years, the country drew on its natural resources to nearly eradicate absolute poverty to one per cent in 2014 from 49 per cent in 1970, it said.
The report said Malaysia now needed to take on the challenge of moving ‘aspirational’ households, now the largest group in society, to the middle class.
“The aspirational group is largely urban and has smaller families than poor or vulnerable families, but most lack post-secondary education,” it said.
Nevertheless, it said, the group has relatively stable jobs and enjoyed good material conditions.
It said Malaysia could also make fuller use of tax and transfers to reduce inequality.
“Malaysia’s tax system has progressive features and government transfers help reduce poverty — thanks to transfers, almost 50,000 households have been lifted from absolute poverty in 2014,” it said. — Bernama
(Source: The Borneo Post)
December 18, 2014
KUALA LUMPUR: Malaysia will be able to achieve its target to become a high-income nation by 2020, said World Bank country director for South-East Asia, East Asia and Pacific Region, Ulrich Zachau.

JCI Tanjung Aru pays courtesy visit to DCM Raymond

Posted on : 14-12-2014 | By : sabah today | In : News

December 14, 2014

KOTA KINABALU: A group of Junior Chamber International (JCI) Tanjung Aru members led by the organizing chairlady Ms Nina Liaw, current president Mr Alvis Loo and incoming president Mr Abby Tan paid a courtesy visit to Deputy Chief Minister cum Industrial Development Minister Datuk Raymond Tan Shu Kiah at his office recently.

MUSA: ACTION ON ILLEGALS MUST BE SWIFT, EFFECTIVE

Posted on : 11-12-2014 | By : sabah today | In : News

11th December, 2014
KOTA KINABALU: Chief Minister Datuk Seri Musa Haji Aman said drastic measures would be taken to tackle the illegal immigrant issue with focus on detention and deportation as well as preventing the illegal entry of foreigners.
He said this was agreed during the State Security Working Committee (SSWC) and Eastern Sabah Security Zone (ESSZONE) meetings which he chaired here yesterday.
Musa, who is also chairman of SSWC and ESSCOM (Eastern Sabah Security Command), said he had emphasised during the meetings that action taken on illegal immigrants must be swift and effective.
On detention and deportation, he said: “We have looked into details of several aspects that need improvement in the existing operations of the relevant agencies and have agreed to reintroduce Operasi Bersepadu immediately”.
According to him, he has instructed that pre-operation preparedness be implemented at the quickest possible time to strengthen the operation that would be carried out.
This includes:
1 – Increasing the capacity of temporary detention centres which are only able to hold 5,000 people at any one time. The drastic action suggested is to identify locations and suitable buildings that can be renovated and gazetted as temporary detention Centres to ensure that capacity to detain can be increased without the delay that would come with building new centres.
2 – Review and improve the Standard Operating Procedure (SOP) related to the process of deporting and sending home illegal immigrants. This includes aspects like remanding, investigating, documenting and the deportation schedule. While the current SOP has been improved from an average of six months to two months, this period is still viewed as lengthy and one that requires high operation cost in terms of providing meals to detainees, maintenance and security. The improvement of this SOP will require negotiations and cooperation from the country of origin as commitment is needed from them in reducing the time it takes to deport the detainees.
A Special Task Force chaired by the State Secretary has been set up to follow up on the above items, and to head the implementation of Operasi Bersepadu.
“At the same time, I urge all quarters especially employers to ensure that their workers have valid documents and work permits.
“Community leaders, village headmen and village security and development committee heads are instructed to give their cooperation to security agencies by providing information on illegal immigrants in their respective areas.
“Action will be taken against those who harbour illegal immigrants. Do not blame the government if it takes action as reminders have been issued over the years,” the Chief Minister pointed out.
And on preventing the entry of illegal immigrants, Musa said they have agreed to extend the current strategy of imposing curfew in the ESSZONE areas.
This initiative, he said, would be strengthened with the suggestion of a new strategy to gazette islands used by illegal immigrants and criminals as restricted areas.
“This strategy is important as islands within the ESSZONE waters are among locations for cross- border crime including smuggling, kidnapping and hiding of illegal immigrants before they enter Sabah. There are over 360 islands in ESSZONE, and 83 of them are located in Semporna.
And, as a matter of principle, we have also agreed to embark on the strategy to gazette targeted islands as restricted areas by implementing this on a recce basis at identified islands.
“The implementation of this strategy will depend on a study that will be carried out by an Action Committee.
“Similar to the curfew strategy, we are confident that the restricted area strategy will create a significant impact in our agenda to curb the entry of illegal immigrants. This will in turn assist the government in overcoming the issue of illegal immigrants which is our main focus in the near future,” Musa added.
Among those present during the meetings were State Secretary Tan Sri Sukarti Wakiman, Sabah Police Commissioner Datuk Jalaludidn Abdul Rahman and ESSCOM commander Datuk Abdul Rashid Harun.
(Source: New Sabah Times)
11th December, 2014
KOTA KINABALU: Chief Minister Datuk Seri Musa Haji Aman said drastic measures would be taken to tackle the illegal immigrant issue with focus on detention and deportation as well as preventing the illegal entry of foreigners.

PM outlines four issues that need special focus for 2015

Posted on : 09-12-2014 | By : sabah today | In : News

December 9, 2014

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak has outlined four issues that need to be given serious attention and greater focus by civil servants including staff of the Prime Minister’s Department (JPM) to face the challenges and threats in 2015.

Illegal issuance of blue ICs financially motivated — RCI

Posted on : 04-12-2014 | By : sabah today | In : News

December 4, 2014

KOTA KINABALU: The Royal Commission of Inquiry (RCI) on illegal immigrants in Sabah found that the unlawful issuance of blue identity cards (IC) to illegal immigrants in the state was financially motivated.

New World Hotel makes Malaysian entry via Sabah

Posted on : 27-11-2014 | By : sabah today | In : News

27th November, 2014
KOTA KINABALU: New World Hotels & Resorts has chosen Sabah for its maiden entry into the Malaysian hotel scene.
The group, part of the Dallas-based Rosewood Hotel Group, will enter into an agreement with Kota Kinabalu-based developer Homesign Network on Dec 1 for the management of a 400-room deluxe business hotel in Karamunsing, Kota Kinabalu.
The hotel is scheduled to open in 2018.
Deputy Chief Minister Datuk Raymond Tan Shu Kiah has been invited to witness the signing ceremony. Sonia Cheng (photo), the Chief Executive Officer of Rosewood Hotel Group, and Lee Chee Kiang, the managing director of Homesign Network will sign for the respective parties.
Rosewood Hotel Group manages 49 hotels in 17 countries. It is on an aggressive expansion phase with 30 hotels under development around the world.
Homesign Network is an established developer in Sabah. The hotel it is building in Karamunsing is part of the massive Sky City project which, when completed, will have two towers of service suites. The company is also responsible for several other well-received developments in and around Kota Kinabalu City such as Donggongon Avenue, Sierra Bizhub, 360 Boulevard and D Residences.
(Source: New Sabah Times)
27th November, 2014
KOTA KINABALU: New World Hotels & Resorts has chosen Sabah for its maiden entry into the Malaysian hotel scene.

Najib: Barisan needs Chinese support

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

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

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

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

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

‘Fuel subsidy removal, positive for economy’

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

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

Malaysia’s inflation rate up 2.8% in October

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

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

Sabah company vying to win RM250,000 SME prize

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

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

More strategies needed to spur biotechnology growth — Najib

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

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

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

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

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

Najib: Form is visually different from certificate

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

November 17, 2014

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