Don’t use racial issues for political and personal gains – Gerakan

Posted on : 16-02-2015 | By : sabah today | In : News

February 16, 2015

KOTA KINABALU: Racial issues should never be used for political gains. Neither should it be used for personal gains, Gerakan Sabah liaison chief Datuk Gordon Leong said.

“I think everybody should put in the effort to prevent racial issues from rearing its ugly head and not use the issues for political or personal gains,” he stressed.

Malaysia saw six per cent growth in 2014

Posted on : 13-02-2015 | By : sabah today | In : News

February 13, 2015
KUCHING: The Malaysian economy registered a higher growth of 5.8 per cent in the fourth quarter of 2014 (4Q14) compared with 5.6 per cent in 3Q14.
Bank Negara Malaysia (BNM) in a statement yesterday said the stronger growth was driven by private sector spending as domestic demand remained the anchor of growth in the fourth quarter, mainly on account of improvement in private sector activity.
“Private investment expanded at a faster pace of 11.2 per cent in 4Q14 compared to 6.8 per cent in 3Q14, driven by capital spending in the manufacturing and services sectors.
“Private consumption registered a stronger growth of 7.8 per cent in 4Q14 against 6.7 per cent in 3Q14 supported by stable labour market conditions and continued wage growth,” BNM said.
Nonetheless, BNM noted public consumption expanded at a more moderate pace of 2.7 per cent in the fourth quarter compared to 5.3 per cent in 3Q14 due to slower growth in both emoluments and supplies and services.
It added public investment, however, continued to decline, albeit at a slower pace of 2.1 per cent in the fourth quarter against a bigger contraction of 8.9 per cent in 3Q14 following a smaller contraction in spending on fixed assets by the federal government.
On a quarter-on-quarter (q-o-q) seasonally adjusted basis, the central bank said the growth momentum increased to two per cent in 4Q14 from 0.9 per cent in 3Q14.
For the whole of 2014, BNM said the country’s economy grew by six per cent.
Meanwhile, on the supply side of the economy, the central bank noted growth was sustained by major economic sectors, supported by trade and domestic activities.
The central bank revealed that growth in the services sector was underpinned by expansion across all sub-sectors.
“The construction sector remained strong, driven mainly by non-residential and residential sub-sectors, while the mining sector registered a stronger growth due to higher crude oil production.
“The manufacturing sector continued to expand, supported mainly by the export-oriented industries.
“However, the agriculture sector recorded a contraction due to lower palm oil production caused by the floods in the eastern states of Peninsular Malaysia,” the central bank said.
On another note, BNM said the inflation rate, as measured by the annual change in the Consumer Price Index (CPI), averaged lower at 2.8 per cent in the fourth quarter compared to three per cent in 3Q14.
The central bank explained that the decline was mainly attributed to lower inflation in the food and non-alcoholic beverages category (2.7 per cent) against 3.2 per cent in 3Q14, which reflected the decline in the prices of fresh meat and fresh seafood during the quarter.
For the whole of 2014, the central bank said the inflation rate averaged 3.2 per cent compared with 2.1 per cent in 2013.
As for the foreign exchange market, BNM said the movement of the ringgit and other regional currencies in the fourth quarter were driven by external developments.
The central bank said overall, the ringgit depreciated by 6.4 per cent against the US dollar during 4Q14.
It added the ringgit also depreciated against the Australian dollar (-0.1 per cent), the pound sterling (-2.2 per cent), the euro (-2.3 per cent), and all regional currencies over the same period.
Nonetheless, BNM observed that the ringgit appreciated by 2.3 per cent against the Japanese yen.
Moreover, the central bank said between January 1 and February 10 this year, the ringgit depreciated against the US dollar by 2.4 per cent.
BNM noted the ringgit also depreciated against the pound sterling (-0.3 per cent) and Japanese yen (-3.2 per cent), but appreciated against the euro (4.7 per cent) and Australian dollar (2.2 per cent).
Against regional currencies, BNM said the ringgit broadly depreciated by between 0.1 per cent and 3.3 per cent.
“Besides growing concerns on the prospects of global growth, regional currencies also faced depreciation pressure due to the strengthening of the US dollar, which was driven by the expectations of interest rate normalisation by the Fed amid the recovery in the US economy.
“The ringgit, however, depreciated more than other regional currencies, especially in December, following heightened market concerns on the impact of the sharp fall in oil prices on the Malaysian economy, particularly on the government fiscal position,” BNM said.
(Source: The Borneo Post)
February 13, 2015
KUCHING: The Malaysian economy registered a higher growth of 5.8 per cent in the fourth quarter of 2014 (4Q14) compared with 5.6 per cent in 3Q14.
Bank Negara Malaysia (BNM) in a statement yesterday said the stronger growth was driven by private sector spending as domestic demand remained the anchor of growth in the fourth quarter, mainly on account of improvement in private sector activity.

Malaysia’s GDP grew 6pc in 2014: BNM

Posted on : 12-02-2015 | By : sabah today | In : News

12 FEBRUARY 2015
KUALA LUMPUR: The Malaysian economy raced to a strong finish, recording a 6 per cent growth for 2014.
Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said the fourth quarter posted a 5.8 per cent growth against a year ago.
The private sector spending was the key driver of growth between October and December.
All the major economic sectors expanded in the fourth quarter except for the agriculture sector, which contracted by 2.8 per cent.
Zeti said the economy, with the diversified economic structure and strong fundamentals, remains resilient.
The gross domestic product (GDP) growths for the fourth quarter and 2014 were above economists’ expectations of 5.11 per cent, and 5.8 per cent, respectively.
Malaysia’s GDP grew 4.7 per cent in 2013 and 5.6 per cent in 2012.
(Source: New Strait Times)
12 FEBRUARY 2015
KUALA LUMPUR: The Malaysian economy raced to a strong finish, recording a 6 per cent growth for 2014.
Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said the fourth quarter posted a 5.8 per cent growth against a year ago.

Sabah Master Migrant Management Committee has set two priorities: Musa

Posted on : 10-02-2015 | By : sabah today | In : News

February 10, 2015
KOTA KINABALU: Sabah Chief Minister Datuk Seri Musa Aman said the Sabah Master Committee on Migrant Management today set two priorities to combat the issue of illegal immigrants in Sabah.
Musa who is also chairman of the permanent committee which was set up following the Royal Commission of Inquiry (RCI) report on illegal immigrants in Sabah said one of the aspects was to prevent the entry of illegal immigrants into Sabah through tighter and more effective control at the border.
The second aspect said Musa was to repatriate illegal immigrants by empowering enforcement and to expedite the process of repatriation by obtaining the cooperation of the foreigner’s country of origin.
“At the same time, I want to take the opportunity to remind all parties to give their full cooperation to the government’s efforts. We do not want any parties to undermine the country in our effort to combat illegal immigrants,” he told reporters after chairing the first committee here, today.
Present were Home Minister Datuk Seri Dr Ahmad Zahid Hamidi who is the joint-chairman and Inspector-General of Police Tan Sri Khalid Abu Bakar.
According to Musa, the act of bringing in illegal immigrants, providing them employment and harbouring them at their premises, could be construed as acts of sabotage against the government’s national agenda.
He said enforcement agencies had been given the mandate to not compromise and to act firmly against employers, protectors and syndicates found infringing the law.
According to Musa, since January this year, 18 employers were arrested under the related offences and 12 of them had been issued compounds while six others were charged in court.
“The people have been urged to give their cooperation and not to undermine the operation of enforcement personnel in safeguarding the interests of the people,” he said.-Bernama
(Source: The Borneo Post)
February 10, 2015
KOTA KINABALU: Sabah Chief Minister Datuk Seri Musa Aman said the Sabah Master Committee on Migrant Management today set two priorities to combat the issue of illegal immigrants in Sabah.

Minister offers to teach the towkays how

Posted on : 10-02-2015 | By : sabah today | In : News

February 10, 2015
KOTA KINABALU: Deputy Chief Minister Datuk Raymond Tan (pic) is ready to help business owners who want to know how to expand their businesses so that they can pay their workers more money.
He said at the same time, bosses must be honest about the high cost of living in the city. “Increasing workers’ salary and improving companies’ businesses are co-related. If you want your company to expand, give better salaries to your workers.
“They in turn would work harder for you and their productivity will increase. If your workers are productive, your business will expand,” he said during a press conference here, Monday.
Personally, he said, the relation works both ways and reminded business owners that the RM800 minimum wage is reasonable enough. The opposition on the other hand, he added, had promised to increase the minimum wage to RM1,200 if they win.
“It is not right for the opposition to say business owners cannot increase because in their manifesto, they have said that they will raise the minimum wage even higher. But it does not matter who says what.
“The most important thing is the economy and how to make sure that we are paying people enough in order to maintain a good healthy lifestyle.
“You need between RM2,000 and RM2,500 to live in Kota Kinabalu, much lower than what you would need in order to live comfortably in Kuala Lumpur or Penang and that is good enough,” he said.
Touching on a survey carried out in October last year, Tan reiterated that RM2,500 is the demarcation line between living in debts or being debt-free in Kota Kinabalu. According to the survey, 56 per cent of people living in Kota Kinabalu are earning less than RM2,500 with almost a quarter of expenses going to food.
Last week, Sabah Restaurant Fellowship Association President Kapitan Lim Vun Chan and Federation of Chinese Association Sabah (FCAS) President Datuk Seri TC Goh had called on Tan to teach employers how they could afford to pay the minimum RM2,500 monthly salary to their workers. Lim said that employers are more than happy to pay more, even up to RM10,000 a month but asked Tan to show how this can be done.
He also questioned why Tan only mentioned about bosses in Kota Kinabalu and not in other areas such as Sandakan.
(Source: Daily Express)
February 10, 2015
KOTA KINABALU: Deputy Chief Minister Datuk Raymond Tan (pic) is ready to help business owners who want to know how to expand their businesses so that they can pay their workers more money.

PUNB allocates RM320mil for loans

Posted on : 09-02-2015 | By : sabah today | In : News

9th February, 2015
BUTTERWORTH: Perbadanan Usahawan Nasional Bhd (PUNB) has increased its allocation for loans for 2015 to RM320 million in the effort towards assisting Bumiputera entrepreneurs.

PUNB chairman Tan Sri Mohd Ali Rustam said the figure is a RM20 million improvement over last year’s allocation.

RM2.3 billion to improve power till 2020

Posted on : 09-02-2015 | By : sabah today | In : News

9th February, 2015
BONGAWAN: The Federal Government had approved an allocation of RM2.3 billion to implement 81 projects over the period of 2015 – 2020.

Minister of Energy, Green Technology and Water, Datuk Seri Panglima Dr Maximus Ongkili said from that amount, RM74.9 million was given to Sabah Electricity Sdn Bhd (SESB) under Rolling Plan 4 of the 10th Malaysia Plan for 23 projects to improve the electricity supply situation in Sabah.

Nine more flyovers needed

Posted on : 07-02-2015 | By : sabah today | In : News

February 7, 2015

KOTA KINABALU: Nine more flyovers are needed to ease the growing traffic congestion in and around Kota Kinabalu, Deputy Chief Minister Tan Sri Joseph Pairin Kitingan said.

Pairin, who is also Infrastructure Development Minister, said these flyovers would require a total of RM980 million to be built.

Musa: Govt doing its best to ensure peace in Sabah

Posted on : 07-02-2015 | By : sabah today | In : News

February 07, 2015

Kota Kinabalu: The Government is doing its best in ensuring that peace will continue to prevail in Sabah and its sovereignty is upheld.

Steering panel to look into potentials of biomass

Posted on : 07-02-2015 | By : sabah today | In : News

February 07, 2015

Kota Kinabalu: A study is now being carried out by a steering committee to look into the potentials of biomass in Sabah.

The committee was reported to have met for the first time on Friday, and are expected to conclude the Biomass Industrial Development Plan within five months.

5 points to rethink your investing plan now

Posted on : 04-02-2015 | By : sabah today | In : News

February 4, 2015

THE market volatility seems to be the theme of the year, with another surprise that sprung up. Last week, Singapore’s central bank surprisingly eased its monetary policy, making it the latest central bank using policy to help shore up growth against a backdrop of global economic turbulence.

Retail prices of RON95, RON97, diesel drop effective today — Ministry

Posted on : 01-02-2015 | By : sabah today | In : News

February 1, 2015

KUALA LUMPUR: The retail price of RON95 petrol fell 21 sen per litre to RM1.70 per litre while the price of RON97 fell 11 sen per litre to RM2 a litre effective today.

Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hasan Malek, said the retail price of diesel fell 23 sen per litre to RM1.70 per litre.

‘Bosses not bankrupt, so should pay more’

Posted on : 31-01-2015 | By : sabah today | In : News

January 31, 2015

Kota Kinabalu: If you’re single and earning below RM2,500 a month in the city, chances are, you may still not have enough to start saving.

A survey carried out by Sabah Today on 250 Junior Chamber International Tanjung Aru members aged 25 to 40 published in the Sabah Quarterly Industry magazine (Oct-Dec 2014 issue), suggested that workers need to earn at least RM3,000 a month to afford the living cost here. The quarterly publication comes under the Industrial Development Ministry and had so far circulated more than 600,000 copies since 2009.

Minimum RM3,000 pay needed in KK

Posted on : 30-01-2015 | By : sabah today | In : News

January 30, 2015

KOTA KINABALU: A person needs a minimum income of RM3,000 a month in order to have a relatively comfortable life in Kota Kinabalu.

However, majority of the dwellers in the State capital are earning much less than this, with many deep in debts and struggling to make ends meet, according to a study.

Malaysia to share its priorities as Asean chairman at foreign ministers’ retreat

Posted on : 27-01-2015 | By : sabah today | In : News

January 27, 2015

KOTA KINABALU: Malaysia is to share its eight priorities as the chairman of Asean this year with the other member countries during the Asean Foreign Ministers’ Retreat.

Disclosing this yesterday, Foreign Minister Datuk Seri Anifah Aman said at the retreat, the ministers would also follow up on decisions taken by Asean leaders at the 25th Asean Summit in Myanmar last year on Asean Community building.