RM1.027b Sepangar Port expansion – Rahman Dahlan

Posted on : 15-10-2017 | By : sabah today | In : Local

KOTA KINABALU: Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan announced several measures to boost Sabah’s infrastructure development, including a road expansion leading to the city and upgrading of Tawau port to position itself into a regional hub.

A dual three-lane carriageway costing RM495 million, spanning seven kilometres from Yayasan Sabah to Sabah International Convention Centre (SICC) site, will be placed under the coming 2018 Budget.

Speaking to reporters at a working visit to Sepanggar today, Rahman, who is in charge of the Economic Planning Unit (EPU), said the road upgrading project via Tanjung Lipat was requested by Sabah government as the number one priority.

“This is an extension to the Indah Permai – Yayasan Sabah road upgrading project (8km) which involved three flyovers also costing over RM400 million, that I announced previously where contractors have been appointed and works to start anytime soon.

“We are able to get both due to good relations with federal and it is hoped to reduce the traffic congestion at that area, also in anticipation of SICC when it is completed in future,” he said after the closed-door briefing with Sabah Economic Development and Investment Authority (Sedia) and Sabah Ports Sdn Bhd (SPSB) at the SPSB office at the Sapangar Bay Container Port here.

He said the proposal to turn Tawau port into a regional one to cater northern Kalimantan will also include the development of road link to connect Serudong in Tawau to Simanggaris, Indonesia.

“I was informed by the state government that the Sabah National Security Council (MKN) has agreed as they did not find security issues with this. The proposal will be brought to the national level for approval.

“This road link will allow Tawau port to be used by the BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area) region for exports-import especially for North Kalimantan,” he said further.

On a question if the road link will connect to Pan Borneo Highway as well as Trans Kalimantan Highway, he said they were still looking into this.

He also touched on federal funding of RM1.02 billion for the upgrading of the Container Port which was announced previously, where physical works expected to commence next year.

Besides catering to bigger container handling capacity to serve the BIMP-EAGA region, the expansion is also hoped to reduce the cost of living here by reducing prices of goods through more efficient port service, he reasoned.

Rahman also announced an allocation of RM13.5 million to build a bridge at Jalan Mawilla here which connect the Sepanggar naval base to the main road.

At present a temporary bridge was installed to replace the original bridge which was damaged, but it was only one lane and not sufficient.

“This few years will therefore be interesting for Sabah as a lot will be going on and the vision of Chief Minister Tan Sri Musa Aman is gaining momentum.” said Rahman.


Securities Commission: Malaysians should start planning and investing for the future

Posted on : 15-10-2017 | By : sabah today | In : National Business

KUALA LUMPUR: With the growing sophistication of the capital market, and the increasing number of financial and investment decisions, the Securities Commission Malaysia (SC) urged Malaysians to be more mindful of their financial planning by improving their financial and investment literacy.

SC chairman Tan Sri Ranjit Ajit Singh highlighted this during the InvestSmart Fest 2017, which is an initiative by SC.

Officiated by Minister of Youth and Sports Malaysia Khairy Jamaluddin at the Kuala Lumpur Convention Centre, the three-day InvestSmart Fest aims to promote financial and investment literacy in order to enhance investor empowerment.

Themed ‘Invest For Your Future’, InvestSmart Fest 2017 is in line with SC’s efforts in promoting long term savings and investments, and retirement planning.

“With the growing sophistication of the capital market, the number of financial and investment decisions that consumers have to make is increasing. Longer life expectancy also means there is a need to ensure that accumulated savings are enough to cover longer period of retirement.

“Consumers are also responsible for the financial products they decide to purchase and will have to face the consequences of their choice.

“Equipping consumers with financial and investment literacy is crucial to enable them to protect themselves, cope with unexpected events, and ensure their financial well-being,” said Ranjit.

He added, “In order to achieve financial well-being, Malaysians need to possess the necessary skills and knowledge to effectively manage their financial resources. This includes the ability to make sound investment decisions, build and manage wealth, and adequately prepare for retirement.

“As TN50’s 5 key themes are centred on drawing upon the aspirations of our youth for nation building, financial literacy amongst our future leaders cannot be overly emphasized.”

Since the launch of InvestSmart in 2014, the SC has reached out to over one million Malaysians through seminars, roadshows, and engagement with community leaders (SC-In-The-Community Programme) nationwide. The use of digital channels such as websites, Facebook page and mobile app has allowed SC to also reach out to the tech-savvy and younger Malaysian demography.

“Improving financial and investment literacy involves long term behavioural change – change that is inspired through multifaceted and coordinated initiatives sustained over a period of time.

“Therefore, the SC has enhanced its structure by setting up a behavioral analysis unit under our Consumer and Investor Office (CIO) to integrate greater appreciation for investor behavior.

“Additionally, in order to ensure the cohesive development of Malaysia’s financial and investment literacy programmes, SC and Bank Negara Malaysia are co-chairing the Financial Education Network to develop Malaysia’s National Strategy for Financial Literacy,” Ranjit said.

As the National Strategy is geared to address financial and investment literacy needs within all segments of society, he noted that key agencies including Permodalan Nasional Berhad, Employees’ Provident Fund, Kementerian Pelajaran Malaysia and Kementerian Pendidikan Tinggi are also involved in the formulation of the strategic priorities and action plans.

The National Strategy for Financial Literacy is targeted to be launched in the first quarter of 2018.


KL’17 Startup Forum gets encouraging response

Posted on : 15-10-2017 | By : sabah today | In : National Business

KUALA LUMPUR– The KL’17 Startup Forum, which brought together 500 technology entrepreneurs, received encouraging response and was still getting visitors even towards the close of the programme, said organiser, Malaysian Technology Development Corp (MTDC).

The forum, which featured several programmes, including session on mentor ’speed dating’, confessions of entrepreneurs and knowledge mini marathons, was aimed at promoting the use of technology by start-ups through incubation, entrepreneurship and financing programmes.

It was held on Oct 14, 2017 and was organised in conjunction with the National Innovation and Creative Economy Expo 2017 which was in line with the Ministry of Science, Technology and Innovation’s effort to take the technology sector to the next state.

Arsyadul Ibad Ab Karim, 26, one of the ’speed dating’ mentors working in agricultural business, said the mentoring sessions with entrepreneurs in various fields provided exposure on ‘dos’ and ‘don’ts’ about business.

“I learnt a lot especially how to launch a start-up, how to struggle from stress to become successful in your business and how to dress up accordingly.

“They taught me how to manage financial especially when it comes to big company,” he told Bernama.

He said that advisory services, training guidance and spiritual injection to those who want to venture into entrepreneurship needed to be an important factor to remain in the world.

Meanwhile, one of University Agriculture Malaysia’s Molecular and Molecular Biology students attending the ‘knowledge mini marathon’ programme, Nur Fatjiah Tahir, 21, said it aimed at providing exposure to the business world to the students.

It helped to provide understanding and knowledge as well as boosting confidence to deal with outsiders, she said.

“Throughout the programme I was able to meet some of the most successful and successful entrepreneurs and they shared the experience and knowledge of how to start a business.

“I’m really interested in doing business,” she said.

For Nur Fathiah, it was important for someone who wanted to start a business to have the knowledge and to know the intricacies of the business sector that they wanted to venture into.

Earlier, MTDC Technology Exploration Division Director, Mohammad Hazani Hassan, said the corporation received RM925 million from the government to be channelled through its six funds to help local firms improve their technology, capacity, capabilities and competitiveness.

He said so far RM240 million has been given out, while the remaining RM230 million has been approved for 14 major sectors including green technology, electronics and electricity as well as biotechnology.


Robotics competition” Platform to produce science, tech experts

Posted on : 15-10-2017 | By : sabah today | In : National

KUALA LUMPUR: The Malaysian Combat Robotics Competition 2017 will be able to promote innovative science engineering and technology among students thereby producing more experts in the field said Deputy Science, Technology and Innovation Minister Datuk Dr Abu Bakar Mohamad Diah.

He said the competition was an important platform in ensuring continuous succession of experts in the field as they are among the key drivers of growth for the nation.

“Previously the robotics field was probably not important but students must be encouraged to love science if we want to produce more scientists,” he told reporters after the prize presentation ceremony here yesterday.

A total of 25 public and private higher learning institutions participated in the robotics competition which required participants to produce custom-built machines to battle one another in a special arena.

‘Adtec B’ team from Advance Technology Training Centre (ADTEC) emerged champion while ‘KKTMPJ’  from Mara Advanced Technology College in Petaling Jaya and ‘Adtec A’ won second and third placing respectively.

Abu Bakar said the competition was also aimed at raising positive perception among the community and to make students more optimistic in choosing Science, Technology, Engineering and Mathematics (STEM) as career fields.


Vincent Tan appointed Czech Honorary Consul

Posted on : 15-10-2017 | By : sabah today | In : Local

KOTA KINABALU: The Czech Republic has opened an Honorary Consulate in Sabah, which is expected to facilitate business ventures between companies of both parties.

Chief Minister Tan Sri Musa Aman said sectors in which both sides can collaborate include green technology, alternative energy sources, water and waste management, as well as advanced technologies for agriculture and food processing – which is a strong suit of the Republic.

Speaking at the launch ceremony here last night, Musa said the two parties are also looking at more opportunities for cultural exchanges.

“The opening is timely, as it will strengthen the relationship and interaction between Czechs and Sabahans, and the state government fully supports the setting up of the Honorary Consulate in Kota Kinabalu.

“You have found a good candidate in Vincent Tan as the Czech Honorary Consul here. I have known him for years and I know he is capable of discharging his duties as expected,” he said.

Musa’s speech was read by his deputy, Datuk Seri Raymond Tan Shu Kiah.

Also present was the Czech Republic’s Foreign Affairs Deputy Minister Martin Tlapa.

In his address, Tlapa said they view Sabah as a prospective economic partner, as the state’s economy has diversified towards technological industries.

“Sabah is already a favourite destination for Czech tourists visiting Malaysia and the region.

“Our new honorary consul (Tan) is a businessman by profession. As such, he will be instrumental in promoting business ties with the support of the Czech Republic’s Embassy in Kuala Lumpur,” Tlapa added.