M’sian graduate from London creates Nasi Lemak Ice-Cream

Posted on : 31-01-2017 | By : sabah today | In : National

ALOR SETAR: ‘Nasi Lemak Ice-Cream’ does sound strange and awkward but Melissa Tan Chia Hui, 25, has succeeded in creating this innovative product – nasi lemak flavoured ice-cream.

Melissa a graduate of Middlesex University, London is determined to leave her graphic design career in Penang to concentrate on her products, which are marketed under the brand name ‘Skream Softserve’.

A nasi lemak lover, Melissa said she came up with the idea to give a new dimension to this traditional Malay dish, which is very much loved by all races in the country.

“This is not a gimmick and I am not a hipster trying to seek attention.

“My aim is to produce something delicious, get people to like it and finally agree that this really is nasi lemak ice-cream,” she said.

“Although there is no rice served, the main nasi lemak condiments such as peanuts, anchovies, ’sambal’, quail eggs and cucumber will be sprinkled over the nasi lemak ice-cream,” she told Bernama when met at Diem Cafe at Jalan Penjara,  Pekan Cina here.

Melissa said lemongrass and coconut milk were used as ingredients for the ice-cream to make it taste just like nasi lemak.

“All the ingredients are fresh and free of preservatives and chemicals,” said Melissa adding that it took three months of research before she came up with the perfect nasi lemak flavour.

According to Melissa on the first day she managed to sell 30 cups but yesterday she sold 144 cups which were priced at RM10 per cup.

“I received a lot of negative comments over social media.

“To those who say that I am crazy and my product is disgusting, why not have a taste of it before judging,” she added.

SOURCE- BERNAMA

Big plans for WD40 in the Asian Pacific region

Posted on : 31-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Over the next five years, the WD-40 company strives to attain sales revenue growth in Asia Pacific by implementing strategic plans and focus on its strategic growth initiatives.

According to the group’s regional director for Asia, Marcus Chen, one of its strategic initiatives is to grow WD-40 Multi-Use Product.

“Every day, our tribe members wake up with one thing and purpose on their minds, take the blue and yellow can with a little red top to more places for more people that will find more uses more frequently.

“We ended fiscal year 2016 with global sales of WD-40 Multi-Use Product of US$380.67 million.

“Our long-term growth target is to double our sales of WD-40 MultiUse Product over the next 10 years, that is a target of approximately US$600 million. How? By doing exactly the same thing we’ve been doing for the last 10 years,” he explained to The Borneo Post.

“We are going to make more end users aware and we are going to make it easier for them to buy in a 176 countries and territories worldwide, in different trade channels.”

Representing 14 per cent of global sales, Chen said the Asian Pacific business is highly complex as there were many markets, cultures, currencies, and stages of developments to consider.

Despite this complexity, Asia Pacific Region delivered sales revenue of US$54 million in net sales for the group.

This was no easy feat, considering the various economic and political uncertainty throughout many parts of the region, as well as pricing pressure from the strengthening of the US dollar.

“We continued to allocate valuable resources to create the awareness of WD-40 Multi-Use Product throughout key Asian countries especially within the professional end users market as the region continue to experience rapid development and industrialisation,” Chen noted.

“In Malaysia, where we have been present here for more than 25 years, the focus now is slowly shifting to growing revenue from ‘doer enthusiasts’ segment especially on those who are into stuff like home or car maintenance and repair while not neglecting professional end-users from the industry sector and tradesmen.

“The growth opportunity for Asia-Pacific continues to be huge, and that’s what is most exciting for us in this region.”

In addition to growing WD-40 Multi-Use Product, Chen said WD40’s second growth initiative is to grow the Specialist product line introduced back in 2011. To note, the line is best-in-class specialty products under the WD-40 brand geared toward trade professional end users.

The initial product line included a Water-Resistant Silicone Lubricant, Protective White Lithium Grease, and Rust Release Penetrant Spray, containing Blu Torch Technology, a proprietary blend of synthetic additives.

“In Asia Pacific, we started to market and distribute WD-40 Specialist into 10 key countries since 2014 and we have seen sales revenue grow steadily in the past three years.

“Our long-term target is to continue launching specific range of WD-40 Specialist products to satisfy and meet specific uses of maintenance, repair and overhaul operation (MRO) of the professional end users market in designated Asian countries.

“Our long-term aim is to build up WD-40 Specialist sales to more than 15 per cent revenue over Asia Pacific Region net sales. In global market, we believe we can grow WD-40 Specialist to approximately US$125 million in revenue over the next 10 years.”

SOURCE: THE BORNEO POST (SABAH)

Malaysia among top markets of WD-40’s growing success

Posted on : 31-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Many may know of WD-40, the multipurpose product used to solve many household problems, but not many may be aware of its origins as an industrial strength product for the American aerospace industry.

The growth story of WD-40 is one of innovation and success. In 1953, a fledgling company called Rocket Chemical Company set out to create a line of rust-prevention solvents and degreasers for use in the aerospace industry, in a small lab in San Diego, California.

It took them 40 attempts to get the water displacing formula worked out.

The original secret formula for WD-40 – which stands for Water Displacement Perfected on the 40th try – is still in use today. Then, Convair, an aerospace contractor first used WD-40 to protect the outer skin of the Atlas Missile from rust and corrosion.

“The product worked so well that several employees snuck some WD-40 cans out of the plant to use at home,” said Marcus Chen, its regional director for Asia.

“A few years following WD-40’s first industrial use, Rocket Chemical Company founder Norm Larsen experimented with putting WD40 into aerosol cans, reasoning that consumers might find a use for the product at home as some of the employees had.

“The product made its first appearance on store shelves in San Diego, USA in 1958. In 1969 the company was renamed after its only product, WD-40.”

Since then, WD-40 Multi-Use Product sales revenue has grown by leaps and bounds, and is now virtually a household name, and used in numerous consumer and industrial markets such as automotive, manufacturing, sporting goods, aviation, hardware and home improvement, construction, and farming operation.

“For the record, we are very pleased to be able to grow WD-40 multi-Use product sales revenue over the past 10 years in Asia Pacific market,” Chen further told The Borneo Post.

SOURCE: THE BORNEO POST (SABAH)

Five common mistakes biz websites make

Posted on : 31-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Understanding the five common mistakes websites make and how to avoid them can help small business owners unleash their full potential of their websites.

According to Nic Sim and Krista Goon – founders of Redbox Studio, a web design and marketing services firm and authors of ‘Web Wisdom’ – having a website in today’s digital age is a basic requirement for most businesses as online advertisements gain in popularity and the e-commerce scene continues to boom.

The art of running an effective website for your business has similarly become much more complex.

Sim, a Kuchingnite who has helped businesses design and market their websites for over 19 years, explained that the aim of their book, ‘Web Wisdom’ is to educate entrepreneurs on the ways that they can unleash their full potential of their websites, equipping them with the knowledge to yield websites as an active tool to attracting customers.

During a recent interview with The Borneo Post, Sim highlighted five key mistakes observed in websites and solutions:

1.Using social media as a website

According to Sim, one of the first and biggest mistakes companies make with their websites is using social media as a replacement rather than designing and owning their own website.

“Social media such as Facebook does not belong to you, but your website is your own online property and in business we must always have control of your property,” he explained. “Facebook does not give you the freedom to tailor create a specific experience for your customers and visitors but your very own website can.”

Of course, this does not mean that social media should be abandoned altogether. Sim said social media should instead be used in tandem with websites to act as channels to lead consumers back to your website.

“Websites and social media platforms exist not to replace one another but to complement each other. It is important for businesses to have both, and while social media may seem more attractive due to its larger audience reach, it should never replace your website.”

2. Misuse of social media for news announcements

Following the theme of overdependence of social media, another major mistake companies make is overannouncing news on social media.

“Most people think that all news or announcements must be made on social media in order to inform their customers. However, the correct way is to place the announcement on your website and then make a posting on Facebook, for example, to invite people to further visit your website,” shared Sim.

Placing full announcements on social media is an unwise decision, he opined, as social media content is very flooded and the valuable information may just end up buried under other content.

Joining into the discussion, Goon highlighted that on social media, competition is not just coming from other competitors flooding consumers feed but also postings from their friends and family.

“Due to the overwhelming amount of content found on social media, people generally do not take the time to read an article or a lengthy post unless it really entices them, and the best way to catch the attention of these consumers is through an eye catching photo and a catchy caption with a link back to your own website.”

3. Irrelevant content

Once companies have successfully lured consumers away from the hustle and bustle of social media to your website, Goon asserted that it would be up to the respective companies to create a memorable experience.

She went on to explain that many small-medium enterprises (SMEs) especially will tend to go into a prolonged speech about who they are and how they started up.

“A lot of SMEs are excited because they think a website is a chance for them to talk about themselves, which is fine and all, but you need to determine whether the content is capable of capturing the consumers interest. Otherwise it would just be selfglorification.”

Goon suggested that companies should ensure that website contents should be concise and straight to the point with its first page immediately posing a question to visitors that will both engage them but also simultaneously inform them of the products and services that are being offered.

4.Consolidating websites together

Another website content blunder often committed is the act of consolidating different product pages as one singular website.

Sim said for companies with products aimed at drastically different target markets, it is always better to make two separate websites rather than just consolidating them altogether.

“The reason for this is because you are targeting two separate target markets, so what they want to see and want to feel from the website will be totally different. Many people may assume it is okay to do so but really it is rather ineffective to do so.

He notes that even his book has a separate website from his own consulting business as it would be more effective to direct bookstores and consumers to their book website as it helps them get to their objective faster and reduce the chance of them losing interest in their product.

5.Not obtaining mailing lists

Perhaps the biggest mistake in website usage and design is the lack of implementation of mailing lists.

“Mailing lists are a crucial point for every website to have. Rather than worrying about how to capture sales on a consumer’s first visit to your website, it is much more important to obtain their contact information,” Sim opines.

SOURCE: THE BORNEO POST (SABAH)

Kosovo welcomes Malaysian investors

Posted on : 25-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Kosovo, a landlocked state in the central Balkan Peninsula, which is opening up its trade and investment opportunities, offers immense potentials for Malaysian investors.

As it is in the development phase, Kosovo welcomes investments in the infrastructure, property, financial and information technology sectors, National Chamber of Commerce and Industry of Malaysia President Datuk Ter Leong Yap said.

Kosovo declared independence from Serbia in 2008. Its capital and largest city, Pristina was famous for trade fairs and items such as goatskin and goat hair and gunpowder produced by artisans in 1485.

“As the country is currently undergoing a development phase, Kosovo highly welcomes foreign investments,” Ter told a joint press conference with Kosovo Foreign Minister Enver Hoxhaj, who was in the capital for a one day official visit.

Ter said although the country’s population is only 1.8 million, investors could capitalise on it as a gateway to the European region.

Kosovo borders Albania to the west, Montenegro to the north west, Macedonia to the south, and Serbia (from its perspective) to the north east.

Ter said various incentives were lined up for investors, including corporate tax which was as low as seven per cent.

He said Malaysia’s construction industry was very matured, while its construction technology was very advanced, prompting Kosovo to invite Malaysian investors.

Ter said the Kosovo foreign minister has proposed to the Malaysian chambers of commerce to hold a trade and investment forum here, focusing on business opportunities in various fields in both countries.

“We have identified the dates (for the forum), probably in the second half of this year. I’m sure their (Kosovo) officials will then introduce us to more trade opportunities,” he said.

He said the NCCIM would get its members to participate in the forum to enable them to learn more about investment and trade opportunities in Kosovo, as well as conduct business matching sessions with Kosovo business leaders.

Ter cited the mining, energy and services as other sectors that Malaysian companies could venture into in Kosovo.

Meanwhile, Malaysian International Chamber of Commerce and Industry President Datuk Wira Jalilah Baba said Kosovo could be an entry point for Malaysian investors to reach other European countries.

“The country is still new, so there are ample opportunities for foreign direct investments (FDIs) to come in and they (Kosovo) are very attractive and open to FDIs.

“We have been encouraging Malaysian companies to explore opportunities in other parts of the world and this is a very good opportunity for them to explore,” she said.

SOURCE: BERNAMA

Weaker ringgit helps boost exports of food products to far east

Posted on : 25-01-2017 | By : sabah today | In : National Business

KOTA KINABALU: The weakening ringgit helps open doors for more exports of food products to countries such as South Korea and Japan, the Malaysian Agricultural Marketing Authority (FAMA) said.

Its senior director for the Export Market Promotion Division, Datuk Nazipah Jamaludin said as food products in these countries were expensive, Malaysian entrepreneurs would benefit from the exchange rate.

“Hence, we have taken several steps to improve the export opportunities for entrepreneurs and farmers, especially from Sabah and Sarawak who have bigger potentials than those in Peninsular Malaysia.

“This is because there are many products in the two states that could be developed as they are well received abroad,” she told reporters after attending a workshop on the export market facilitation and exploration in the Far East for products from Sabah and Sarawak yesterday.

On the workshop, Nazipah said it was aimed at improving export opportunities by strengthening cooperation with relevant agencies in Sabah and Sarawak.

“The objective of this workshop is to give exposure to participants from FAMA and related agencies on potential products from Sabah and Sarawak that could be commercialised for the export market, especially to Far East countries, especially China, Japan, South Korea, Hong Kong and Taiwan.

“The participants could also learn about the procedures and processes of exporting fresh produce to these countries, as well as acquire knowledge that could be used to help target groups explore the market further,” he said.

Nazipah cited potential products from Sabah as pomelo, banana, avocado, pineapple, Amplang crackers, and kuih cincin, while that of Sarawak as tebaloi, white pepper powder, while pepper, sesak unjur, layer cake, and rambutan.

The forum was attended by 60 FAMA employees from Sabah and Sarawak, as well as participants from the Agro-Based Industry Export Market Division.

Meanwhile, Nazipah said Sabah registered RM1.7 billion in the export of agro-food products last year, while Sarawak registered RM1.2 billion.

Sabah’s export market were China, India, Australia, USA and Singapore, she added.

Also present at the event was the Assistant Chief Director (Promotion Division) Industrial and Research Development Department, Tseu Kei Yue.

SOURCE: THE BORNEO POST (SABAH)

Sweden remains optimistic over Malaysia’s business outlook

Posted on : 25-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Sweden remains optimistic over Malaysia’s business outlook and hopes for increased trade in the future, the country’s Ambassador to Malaysia, Dag Juhlin-Dannfelt said.

He said Malaysia’s stellar performance in recording growth in the past few quarters despite the global economic turmoil, had continued to attract Swedish companies to invest in the country.

“In my mind, Malaysia is a developed country and one with strong institutions and an educated population.

“We are looking to the future with great optimism. We see a continued strong interest among Swedish businesses in establishing a presence here and in South East Asia,” he told reporters, after delivering his welcoming remarks at the Digital and Efficient Manufacturing seminar yesterday.

Also present at the seminar launch was International Trade and Industry Deputy Minister Datuk Ahmad Maslan, as well as SME Corporation Malaysia chairman, Tan Sri Dr Mohamed Al Amin Abdul Majid and chief executive officer Datuk Dr Hafsah Hashim.

Juhlin-Dannfelt said there were at present 86 Swedish companies with established businesses in Malaysia, including car maker Volvo. He also said about 20-30 Swedish companies had a direct interest in Malaysia.

He hoped Malaysia and other Asean-member states would continue their free trade regime and gradually expand it in future.

“The move can potentially attract more foreign companies to make Malaysia their regional hub, as was the case with Volvo,” he added.

According to the latest online survey conducted in Nov-Dec 2016 by Business Sweden, the Swedish trade and invest council, the findings indicated a positive outlook on the business future in Malaysia.

About 74 per cent of 72 respondent companies from the manufacturing sector had grown their turnover over the last three years and 90 per cent expect to do so in the next three.

More than 60 per cent of companies plan to invest in competency enhancement programmes for their companies.

In the coming years, 47 per cent respondents plan to invest in a production management system, specifically in plastic products, machinery and equipment, as well as metal and metal products.

Meanwhile, Ahmad Maslan said Swedish advancements in the manufacturing industry should be emulated by Malaysians, especially in leveraging on technology to become global leaders in innovation with a highly skilled labour force.

SOURCE: THE BORNEO POST (SABAH)

RCEP to be Malaysia next trading platform

Posted on : 25-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) is going to be the next trading platform for Malaysia and the other nine Asean countries, opening new markets for over three billion people, said Malaysia External Trade Development Corp (MATRADE).

Its Chief Executive Officer (CEO), Datuk Dzulkifli Mahmud, said since the withdrawal of the US from the Trans-Pacific Partnership Agreement (TPPA), the China-led RCEP would be an alternative for Malaysia to boost its trade.

“RCEP can help local companies expand their businesses in the region after US President Donald Trump announced the US withdrawal from the trade pact,” he told reporters after a media luncheon here yesterday.

Dzulkifli, who would be leaving MATRADE this Friday, said Malaysia was lucky as it did not rely on one trade agreement to spur the economy and it has other options, including the RCEP and the Asean Economic Community.

“Malaysia will also pursue its free trade agreements (FTAs) with our trading partners and to further sign new agreements … we are looking at Iran and Sri Lanka,” he said.

RCEP is a proposed FTA among the ten Asean countries, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam and the six states that Asean has existing FTAs, Australia, China, India, Japan, South Korea and New Zealand.

The negotiations of RCEP were launched at Asean Summit in November 2012. The prospective RCEP member states accounted for a population of 3.4 billion people with a total gross domestic product of US21.4 trillion (US$1 = RM4.43), approximately 30 per cent of the world’s GDP.

SOURCE: THE BORNEO POST (SABAH)

Ninso to open 20 outlets in KK

Posted on : 25-01-2017 | By : sabah today | In : Local Business

KOTA KINABALU: The RM2.50 store that won the hearts of locals proves to be more than just an affordable one-stop shop as it creates job opportunities for the community, including Thalassaemia patients.

Not only does Ninso maintain a flat rate inclusive of GST, it also provides employment for locals as each store requires at least 20 employees, said TCT Trading Sdn Bhd managing director Dato’ Tan Kar Leong.

He further said that in the next two years, Ninso plans to have 20 operating outlets in Kota Kinabalu, which will open up at least another 450 job prospects.

“Our employees are all local, and we believe that it is our responsibility to give our people a chance to earn a living in their homeland,” said Tan.

He added that TCT Trading, under its corporate social responsibility initiative, also employs Thalassaemia patients so that they have a stable income and means of supporting themselves.

“It’s better to help them in this way rather than just donating, because it benefits them more in the long run.

“As the saying goes, give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime,” said Tan.

So far, TCT Trading has eight employees diagnosed with Thalassaemia, and they are all happy working for the company and enjoy what they do, according to Tan.

He also called on other business operators to follow suit, so that individuals with terminal conditions or different abilities can create a better life for themselves.

After the success of its first store in Kolombong, Ninso, which means “citizens,” launched its second outlet in KK Plaza following positive feedback from the public.

“The concept of this store is to provide goods that are affordable to all, especially in this economic downturn. I think our store can really help in easing financial burdens,” he said.

With a fixed price of RM2.50 on all items inclusive of GST, Tan believes that Ninso is a good concept which can benefit Sabahans.

Despite the affordable price, he made it clear that the quality of the products is maintained nevertheless.

“Even though we sell everything at a fixed price of RM2.50 with GST, we want to give our customers good quality products as well.

“That’s why there’s a 30-day warranty on all items, so if there are any problems we are more than happy to exchange it for a new one.

“We also have a 90-day warranty on electrical goods,” he said, explaining that Ninso is able to operate at a fixed price of RM2.50 because they acquire their supplies in bulk and pay in cash.

Tan added that all food products were imported from West Malaysia to ensure their halal status, while other items such as stationery, toys, plastic ware and kitchenware are imported from China, Indonesia or Thailand.

“We have around 7,000 different items in store, and we plan to expand our inventory to 12,000 so that we can better serve our customers and cater to their every need. The idea is to be like a supermarket which has everything, at a fixed price,” he said.

By early March, Tan said that they were planning to open a 12door Ninso outlet in Beaufort which would be their biggest branch, and another one in Keningau and 1Borneo Hypermall.

He said that all outlets were planned to be launched before April. They are all under construction at the moment.

SOURCE: THE BORNEO POST (SABAH)

Container tracking service to enhance Sepangar Port operations

Posted on : 25-01-2017 | By : sabah today | In : National Business

KOTA KINABALU: Sabah Ports Sdn Bhd (SPSB) commissioned a major Information Technology (IT) upgrade at Sepangar Bay Container Port (SBCP) by installing a state-of-the-art system that provides real time control of cargoes and smarter resource deployment.

The Autostore Terminal Operating System (TOS) is an integrated, total tracking system for container movement inside the port and provides customers with access to real time tracking of containers and status.

“This upgrade is expected to enhance the handling process by speeding up locating and transferring of containers,” a statement issued by Sabah Ports Sdn Bhd stated here yesterday.

Poised to be the transhipment hub for the BIMP-EAGA region, SBCP is the first among SPSB’s ports to be fitted with this system.

The statement stated that this would further strengthen SBCP as it prepares for further upgrades under its planned expansion program.

Under the 11th Malaysian plan, the statement said that SBCP had been identified as a game changer project under the National Blue Ocean Strategy to stimulate and drive economic growth within Greater Kota Kinabalu.

It said the government would spend a total of RM1.13 billion towards the expansion which includes extending the yard and jetty length, and procurement of machinery.

A handing-over ceremony between SPSB management and TOS developer, Central Systems & Automation Ltd (CSA), took place on January 12 this year to signify the TOS system ‘Going Live’ at SBCP.

The project was done in collaboration with Malaysian based IT Portlink (ITP) and CSA implementation partner, Seaport Group.

Over a span of two years, the group developed a system to fit SPSB’s exact functional requirement and carried out user training for port employees.

“In the coming months, we will be delivering further functionality in the new TOS such as weigh bridge integration, SmartRail integration on the Rubber Tyred Gantry Cranes and eventually interface to uCustoms,” said CSA’s Project Manager, Adrian Thornley.

In her speech, Ng Kiat Min, Group Managing Director for Suria Capital Holdings Berhad cum SPSB’s managing director hoped the new system would enhance customers’ experience and confidence in Sabah Ports.

“We are taking efforts and measures to make innovations to our delivery system and operating procedures to promote higher transparency and efficiency. The upgrade is in line with our initiative, whereby we are to ensure that the ports be continuously upgraded and service level continuously improved to meet customers’ needs and expectations.”

SPSB chief operating officer Mohd Sahid Hj Nawab Khan, added “Foreseeably, the port expansion will generate added throughput at SBCP. TOS will be a contributing factor towards container handling efficiency and strengthening SBCP’s overall delivery.”

The TOS will progressively add on further functions at SBCP and SPSB also plans to have the system running in Sandakan and Tawau Ports later this year.

SOURCE: THE BORNEO POST (SABAH)

M’sia remains leader of global sukuk market in 2016

Posted on : 25-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Malaysia maintained its pole position in the global sukuk arena, with 41.1% of the US$18.2 billion issued as at end-December 2016, said RAM Rating Services Bhd.

RAM, in its latest issue of ‘Sukuk Snapshot’, said despite a slight decline and the weaker ringgit, sukuk originated from Malaysia still summed up to US$29.9 billion as at end-2016 compared to US$30.4 billion the previous year.

Besides Malaysia, the other big issuers were Indonesia (16.3%, US$11.9 billion) and United Arab Emirates (10.9%, US$7.9 billion), it said.

It said greater sukuk issuance in non-core markets also augmented the global sukuk base to US$72.9 billion at year-end (end-2015: US$63.4 billion) with issues from Turkey (US$5 billion), Pakistan (US$4.8 billion) and Bangladesh (US$1.1 billion).

A total of US$18.2 billion of global sukuk was issued in the fourth quarter of 2016, it said.

RAM’s head of Islamic Finance, Ruslena Ramli, said last year, global sukuk issuance exceeded the agency’s projection of US$55 billion–US$65 billion.

The ‘Sukuk Snapshot’ also highlighted that a total of RM29.9 billion of domestic sukuk was issued in the fourth quarter of 2016, leading to an issuance value of RM129.4 billion for the full year.

The financial services and infrastructure and utilities sectors remained the chief driving forces of the better showing, which surpassed RAM’s full-year projection of RM100 billion–RM120 billion for the local-currency market.

The value of outstanding sukuk had also increased to RM661.9 billion as at end-2016 (end-2015: RM608.5 billion), accounting for 56.3% of the overall Malaysian market’s outstanding debt securities.

The ‘Sukuk Snapshot’ is designed as a quick reference point for sukuk data and trends.

The publication aims to serve the needs of market practitioners, enabling them to monitor global and Malaysian sukuk market developments.

SOURCE:- BERNAMA

M’sia-China trade likely to rise to US$100 bln this year

Posted on : 23-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Total trade between Malaysia and China is likely to increase to US$100 billion this year, supported by growth in new potential areas such as creative contents.

International Trade and Industry Minister 2, Datuk Seri Ong Ka Chuan, said in 2016, the value of Malaysia-China trade fell to US$86.7 billion from US$100 billion the previous year dampened by the ringgit depreciation.

“The potential (for growth in trade with China) is still big.

“As such, we need to promote not only physical trading cooperation, but also creative and art to bring a lot of economic returns to our country.

“I’m optimistic we will come back strong in terms of trade this year,” he said.

He was speaking to reporters from Malaysia and China after witnessing the signing of memorandum of understanding between Malaysia External Trade Development Corp (Matrade) and China Intercontinental Communication Co Ltd (CICC) yesterday.

Matrade’s chief executive officer, Datuk Dzulkifli Mahmud, and CICC Vice-President, Jing Shuiqing, signed the MOU.

The MOU aims to strengthen communication and cooperation between media organisations in China and Malaysia by leveraging on China’s One Belt, One Road initiative.

Under the MOU, Matrade and CICC will work together to link industry players from both countries to embark on exchange of creative contents such as films, documentaries and television shows, among others, and business-matching for the purpose of driving trade of creative contents for both nations.

Ong anticipated the MOU would support the export of creative contents to China, rising by two three per cent this year from RM6.8 billion in 2015.

SOURCE: BERNAMA

Malaysia is top Southeast Asia market in logistics ranking

Posted on : 23-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Malaysia has topped the rankings of Southeast Asian nations (Asean) in the just-released 2017 Agility Emerging Markets Logistics Index.

Malaysia ranked fourth in the overall Index, which offers a snapshot of industry sentiment and a ranking of the world’s 50 leading emerging markets by size, business conditions, and infrastructure and transport connections.

China, the world’s second-largest economy, was again the number one emerging market, ahead of India which climbed to number two, its highest ever Index ranking.

Next were United Arab Emirates (third), Malaysia (fourth), Saudi Arabia (fifth), Indonesia (sixth), Brazil (seventh), Mexico (eighth), Turkey (ninth) and Russia (10th).

“Malaysia’s open economy and continued investment in infrastructure have positioned it as an attractive export location.

“The country continues to develop and upgrade its economy with an aim to achieve a high income status by 2020.

“It is likely to remain an Asean leader and a country that other emerging markets look to as they develop their own long-term strategic blueprints,” said Chris Price, chief executive officer (CEO) of Asia-Pacific for Agility Global Integrated Logistics.

Of the 50 countries in the Index, Malaysia was number two behind only United Arab Emirates in Market Connectedness, which measures the effectiveness of a country’s domestic and international transport infrastructure.

Among the smaller economies in the Index – those with annual gross domestic product (GDP) of US$300 billion or less – it had the best Market Size and Growth Attractiveness rating.

The Index, now in its eighth year, reflected stagnation in global growth and turbulence in emerging markets. There were no changes among countries among the top 10, but scores for seven of the 10 countries deteriorated: China, Malaysia, Saudi Arabia, Indonesia, Brazil, Mexico and Russia.

Other 2017 Index highlights included that logistics executives surveyed say the health of China’s economy is likely to set the tone for emerging markets overall.

Seventy-six percent of survey respondents said China’s economy is slowing, but only 17 per cent said the slowdown is significantly hindering the transport and logistics sector. Nearly 66 per cent said a slowing Chinese economy will not alter their businss or expansion plans in China.

SOURCE: THE BORNEO POST (SABAH)

Malaysia-China trade likely to rise to US$100 billion this year

Posted on : 23-01-2017 | By : sabah today | In : National Business

KUALA LUMPUR— Total trade between Malaysia and China is likely to increase to US$100 billion (US$1 = RM4.44) this year, supported by growth in new potential areas such as creative contents.

International Trade and Industry Minister 2, Datuk Seri Ong Ka Chuan, said in 2016, the value of Malaysia-China trade fell to US$86.7 billion from US$100 billion the previous year dampened by the ringgit depreciation.

“The potential (for growth in trade with China) is still big. As such, we need to promote not only physical trading cooperation, but also creative and art to bring a lot of economic returns to our country.

“I’m optimistic we will come back strong in terms of trade this year,” he said.

He was speaking to reporters from Malaysia and China after witnessing the signing of memorandum of understanding between Malaysia External Trade Development Corp (Matrade) and China Intercontinental Communication Co Ltd (CICC) here today.

Matrade’s Chief Executive Officer, Datuk Dzulkifli Mahmud, and CICC Vice-President, Jing Shuiqing, signed the MOU.

The MOU aims to strengthen communication and cooperation between media organisations in China and Malaysia by leveraging on China’s One Belt, One Road initiative.

Under the MOU, Matrade and CICC will work together to link industry players from both countries to embark on exchange of creative contents such as films, documentaries and television shows, among others, and business-matching for the purpose of driving trade of creative contents for both nations.

Ong anticipated the MOU would support the export of creative contents to China, rising by two-three per cent this year from RM6.8 billion in 2015.  Creative contents contributed RM9.55 billion and represented 6.4 per cent of the total gross domestic product in last year.

SOURCE—BERNAMA

Over 1,000 residents benefit from Kampung Rumindako water supply project

Posted on : 23-01-2017 | By : sabah today | In : Local

TUARAN– More than 1,000 residents of Kampung Rumindako in Kiulu and the surrounding population will benefit from the free clean water supply via the Clean Water Supply Project.

The project using the portable drinking water membrane filtration system was developed in the village which is located about 31km from Tuaran town.

Science, Technology and Innovation (MOSTI) Minister, Datuk Seri Wilfred Madius Tangau said the clean water supply project in question was one programme under the platform of MOSTI Social Innovation implemented by the Malaysian Technology Development Corporation (MTDC), an agency under the ministry.

“Through the portable drinking water membrane filtration system branded ‘Pahlawan Tuah2000′, the people here (Kampung Rumindako) will reap the benefits of free clean water facility which can be drunk without boiling.

‘Pahlawan Tuah2000′ can provide clean water supply to more than 1,000 people and indirectly, reduces health problems faced by people in the area,” Madius, who is also Tuaran MP, told reporters after handing over the water filter system in the village today.

Meanwhile, MTDC chief executive Datuk Norhalim Yunus said the clean water supply project was developed by Membrane Technology Sdn Bhd (MTM), a company receiving Commercialisation of Research & Development Fund (CRDF) from MTDC and the technology development projects was the result of collaboration with Universiti Teknologi Malaysia (UTM).

“The ‘Pahlawan Tuah2000′ system has the capacity to produce 2,000 litres of clean water per hour, which is equivalent to the needs of 200 households.

“With continuous maintenance, the water filter system will benefit the population for at least the next five years,” he said.

SOURCE– BERNAMA