Petronas banks on India’s growth, invest RM643 mln over 5 years

Posted on : 10-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR – Petronas Libricants International (PLI), a subsidiary of national oil company, Petroliam Nasional Bhd (Petronas), is investing US$150 million (RM643 million) over the next five years in India to strengthen its lubricants business.

In a statement today, Petronas Group Chief Executive Officer, Datuk Wan Zulkiflee Wan Ariffin, said the investment included the building of a US$50 million (RM214 million) lubricants blending plant with a 110 million-litre capacity in Patalganga, Maharashtra,  a state in the western region of India.

The plant  would be completed by the first quarter of 2018, he said.

“We aim to triple our market share in India’s lubricants market by 2022. Globally, we are among the top 10 lubricants players by market share and strive to eventually be among the top five in five years,” he said.

Wan Zulkiflee, who is also the President, said  the investment was also in line with the Indian government’s ‘Make in India’ transformation initiative.

He said the plant was set to be the most modern facility in PLI’s global production network with unique capabilities to blend the most complex fluids.

“It is also equipped with a technical service facility that uses the latest equipment in fluid analytics.

“We aim to triple our market share in India’s lubricants market by 2022. Globally, we are among the top 10 lubricants players by market share, and strive to eventually be among the top five in five years,” said Wan Zulkiflee, who is currently on Petronas’ annual official visit to meet with India’s industry leaders and partners.

PLI also has a reliable network of multiple original equipment manufacturer partnerships, notably with Tata Motors, Fiat, New Holland, Doosan, Case Construction, Maruti Suzuki India, Piaggio and Bharat Benz for branded and co-branded lubricants.

Wan Zulkiflee said he was extremely encouraged by the growth and performance of Petronas’ liquefied petroleum gas (LPG) joint-venture with Indian Oil Corp Ltd which currently owned LPG bottling terminals in Haldia, West Bengal and in Ennore, Tamil Nadu.

He said it was keen on expansion of its liquefied natural gas (LNG) supply in India to help meet the rising demand from the power, agriculture and transportation sectors.

Leveraging on its long history and sterling reputation in the global LNG business, Petronas has the added advantage to provide tailor-made solutions across the LNG value chain such as flexibility, engineering expertise and experience in operations management.

With over 30 million metric tonne per annum  (MMTPA) supply capacity, Petronas is currently the third largest LNG player globally. It hopes to further contribute to the energy needs of India, which is the fourth largest LNG market in the world.

To-date, Petronas has delivered 15 LNG cargoes to India.

“Recently, Petronas took pride in delivering to India the first cargo produced from its floating LNG production facility, the first such facility in the world,” he said.

Petronas’ strategic partnerships in India have also resulted in successful advances in the marketing and trading of crude oil and other petroleum products, petrochemicals, as well as the distribution of lubricants.

He said Petronas also saw growth in demand for petrochemicals in India – especially with the growing affluence that will see the increased demand for consumer products. In 2016, India made up over 100,000 tonnes of Petronas’ petrochemicals sales volume.

During this official visit, Petronas also commemorated a three-year agreement between its wholly-owned unit, Petronas Chemicals Group, and Reliance Industries Ltd for the supply of up to 120,000 tonnes of paraxylene.

“I look forward to see more collaborations fostered between Petronas and our counterparts in India, to pave the way for a stronger cooperation for the mutual benefits,” he said.

SOURCE– BERNAMA

Sabah cementing business deal with Palawan

Posted on : 10-08-2017 | By : sabah today | In : International Business

PUERTO PRINCESA: The number of Sabahan businessmen visiting Palawan to scout for potential business opportunities is on the rise.

BIMP-EAGA Kudat Business Council (BEBC) vice-chairman Datuk James Ibrahim attributed the affirmative reaction from the local business community because of the  much talk-about launching of the Kudat-Palawan Roll-On-Roll-Off ferry service anytime before the year ends.

“There are more  Sabahans now visiting the province to look for possible joint business ventures and other trading activities … this is because our local businessmen are optimistic that the Kudat-Palawan connectivity project promises ample of opportunities both for Sabahans and Palaweneos,” said James.

With the planned development projects to be implemented by incumbent Governor Jose C. Alvarez with his remaining years in office, he said Sabah can play as a major supplier of construction materials, water and power supplies, actively participate in the development of the tourism, agriculture, acqua-marine, human resource sectors and even in other fields among others.

“The group who are now in Puerto Princesa City comprises businessmen from the sectors of furniture, hotel, automotive repair and body shop, flour supplier, including power supply … they came here to see for themselves the opportunities Palawan is offering to the businessmen and investors, especially from Sabah,” the vice-chairman added.

James said Cement Industries Sabah (CIS) chairman Datuk Samsudin Yahya together with its chief executive officer Bahrul Razha Chuprat and manager Melvyn Yong are also with the group to discuss further with WTIE Enterprise on the possiblity of closing a business deal.

He said the Sabah delegation early Thursday morning paid a courtesy call to Alvarez at the  provincial office in the city where the executive officer briefed the visitors on the many business opportunties.

Late last month WTIE president cum CEO William Tan had expressed the company’s sincere desire to buy cement from CIS.

After the courtesy call, the CIS group also attended a meeting with Tan at his residence to further discuss and pave way for the realization of the business deal.

During the discussion, Tan expressed his hope that the planned buying of cement from Sabah will be concealed sooner than expected.

“The meeting was described by both parties as friendly and very promising,” James stressed.

Meanwhile, Samsudin in expressing his satisfaction, thanked Tan for the hospitality extended to them.

“With the way the meeting was carried out, I am also hopeful that the deal between CIS and WTIE will come true,” the chairman said.

Samsudin also thanked Alvarez for the opportunities being extended to Sabah.

“Palawan is a great province and working together with the Palaweneos would mean lots of benefits to the Sabahans,” he further expressed.

Towards this end, he advised other businessmen in Sabah to visit the province and see for themselves the business opportunities being offered to them in the province.

“Let’s not take this golden opportunity for granted and allow China and other foreign entrepreneurs to by-pass Sabah,” he added.

SOURCE:- THE BORNEO POST

Malaysia committed helping finalise RCEP (Regional Comprehensive Economic Partnership) by year-end

Posted on : 10-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Malaysia is committed to helping finalise the Regional Comprehensive Economic Partnership (RCEP) by year-end, together with 15 other nations, with the aim of increasing economic trade in Asia.

International Trade and Industry Minister (MITI) Datuk Seri Mustapa Mohamed said efforts towards this end are being actively carried out, including the meeting in Hanoi, Vietnam, from May 21-22 this year.

The meeting was attended by ministers and deputy ministers from ASEAN, Australia, New Zealand, China, Japan, South Korea and India.

“The negotiations began in 2013, and the delay in finalising the agreement was because it involves 16 countries, but all are committed to finalising the agreement.

“All 16 nations are in the process of working out the details with regards to the terms and conditions as discussed during the latest ministerial level meeting which prioritised implementation by 2017,” he said during the Minister’s Question Time at the Dewan Rakyat today.

He was responding to a question from Datuk Rozman Isli (BN-Labuan) on the progress of the RCEP negotiations and whether Malaysia was still committed to continuing with negotiations.

Mustapa said the negotiations are aimed at ensuring uniformity in the regulations among the 16 nations to ease investments and trade in the region.

He said the RCEP has the potential to shape the international trade agenda through the liberalisation of trade from the product, services and investments aspects on a deeper and larger scale, which roughly encompasses more than half of the world’s population.

“As a major ASEAN economy, Malaysia will be able to benefit from the efforts to strengthen trade between RCEP partners, while local companies

SOURCE:- NST

Perseids meteor shower Sat (12.30am, according to the National Space Agency)

Posted on : 10-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The Perseids meteor shower will be visible over the night sky in the country at about 12.30am on Sunday, according to the National Space Agency.

In a statement, it said that Malaysians would be able to see between 60 and 150 meteors an hour in areas free of light pollution during the phenomenon.

“However, the waning gibbous moon will make it a challenge to see the meteor shower clearly,” it said, adding that the moon was expected to rise at 10.16 pm on Friday.

The Perseids meteor shower occurs annually between July 17 and Aug 24 when the earth passes through a comet’s path and the comet dust burns when entering the earth’s atmosphere. – Bernama
Read more at http://www.thestar.com.my/news/nation/2017/08/10/meteor-shower-to-light-up-the-sky-saturday-night/#G5SXlKwOXxqVBVml.99

Minister: Agriculture Ministry will set up committee to investigate boat capsize incident

Posted on : 06-08-2017 | By : sabah today | In : National

DUNGUN— The Agriculture and Agro-based Industry Ministry (MOA) will set up a committee to conduct detailed investigations into the incident where four fishermen went missing after their boat capsized on Wednesday.

Its minister Datuk Seri Ahmad Shabery Cheek said the committee would comprise the Fisheries Department, the Malaysian Fisheries Development Authority of Malaysia (LKIM) and the National Fishermen’s Association (Nekmat) as well as insurance companies.

He said the committee would also conduct a review to improve the group insurance schemes, contributed by the fishermen through their monthly allowance.

“We will get the report as soon as possible, to be tabled at a cabinet meeting,” he said after visiting families of fishermen involved in the tragedy in Kuala Dungun, here, today.

In the 10pm incident on Wednesday, four fishermen went missing and were feared to have drowned after the fibre boat they were in capsized when hit by waves as they were heading to the Kuala Dungun jetty.

The victims still missing are Che Mohd Afendi Che Ismail, 34; Mohamad Zawawi Mohamed, 27; and Abdul Wahab Zakaria, 44.

Another victim, Mohd Shahrin Yaccob, 33, managed to swim to safety while the body of his brother, Mohd Nazri Yaccob, 37, was found at about 8.50am on Friday.

Ahmad Shabery said the insurance scheme should also be reviewed as only one of the five victims was covered by insurance.

“It’s important that those who go out to the sea understand the importance of insurance protection, if something happens to them in the middle of the ocean, at least their families are protected,” he said.

He said the emphasis on the life jackets usage should also be included in the Standard Operating Procedures (SOP) and its usage should be increased among the fishermen.

SOURCE— BERNAMA

Health tourism generates economic, job opportunities –

Posted on : 03-08-2017 | By : sabah today | In : National

KUALA LUMPUR: Health tourism is seen as an industry which boosts the country’s economy as the sector registered a growth of 23% in 2016 with revenue of RM1.12 billion, up from RM914 million in 2015.

Last year, more than 900,000 medical tourists sought treatment in the country compared to 859,000 in 2015, with most of them coming from Indonesia, Bangladesh, India, Indochina (Myanmar, Vietnam), Middle Eastern countries, Australia, China and Japan.

Malaysia Healthcare Travel Council (MHTC) chief executive officer, Sherene Azli said the encouraging development of the industry had also helped improve the people’s standard of living, especially the younger generation, through more job opportunities.

She said the job opportunities were available through a combination of key service sectors such as transport, accommodation, tourist attractions and food services.

Demand for labour supporting the ecosystem of the industry had also risen, among them, medical practitioners, healthcare providers, travel agencies, medical devices industry, tourist guides and hotel employees, she said .

“Malaysia continues to be the preferred location for health travellers as it offers world-class healthcare, including professional healthcare supported by the latest medical technology.

“Malaysia has the ecosystem and infrastructure to provide comprehensive healthcare or end-to-end seamless service, where all the patients’ needs are taken care of, from the point of searching for information, to treatment, and even after the patients return home.

“In addition, the health professionals in Malaysia are qualified and have received training in reputable institutions in Malaysia and abroad, (we have) hospitals with international accreditation, and a healthcare system which is strictly regulated by the Health Ministry to ensure quality and safety,” Sherene said.

The affordable cost of treatment here is also a major factor, for example, heart surgery in Malaysia is between RM30,000 and RM50,000, compared to the United States, where it is over RM100,000.

Among the major medical treatments patients prefer to get done in Malaysia are cardiology, oncology, in-vitro fertilisation (IVF), orthopaedics, ophthalmology, dentistry and cosmetics.

In fact, Malaysia has also been selected as a global halal hub, with all hospitals providing halal food, having prayer room facilities, alternative halal medicine, as well as alcohol-, gelatin- and porcine-free medicine.

It is no wonder that Malaysia has been recognised by the International Medical Travel Journal as the ‘Health Tourism Destination’ for three consecutive years (2015, 2016, 2017),  and as having the ‘World’s Best Healthcare System’ by the Annual Global Retirement Index by International Living magazine (2015, 2016, 2017).

MHTC is an agency established under the Health Ministry in 2009 to enhance Malaysia’s profile as a world-class healthcare destination, as well as to facilitate the overall development of the healthcare tourism industry in the country.

SOURCE— BERNAMA

ESSCom needs public cooperation to be fully effective

Posted on : 03-08-2017 | By : sabah today | In : Local

SANDAKAN: Four Points by Sheraton Sandakan’s The Eatery introduced their new ala carte menu through food tasting with the local media.

Chef Charlister Siap who heads the kitchen team mentioned that it was his intention to introduce local flavours to the hotel increasing international clientele.

The five new items were: a) Nasi Kuning Ayam Ketuk, a local traditional favourite of yellow turmeric flavoured rice served with flattened fried chicken (RM28nett). b) Double Boiled Chicken Drumstick, a home-style method of braised herbal chicken served with fragrant steamed rice (RM28nett). c) Minced Chicken with Soft Bean Curd, a secret recipe of finely minced chicken and soft bean curd served with fragrant steamed rice (RM28nett). d) Braised New Zealand Lamb Shank, another secret recipe of Chef Charlister, with couscous or potato mash and grilled Mediterranean vegetables (RM48nett). e) Mushroom Risotto, Chef Charlister’s award winning specialty (RM38nett).

Other dishes available at The Eatery’s new menu from Aug 1 onwards feature local delights, western and oriental favourites, Hotel General Manager Peter Padman said.

Enjoy 40% discounts for selected partnership banks for every meal purchased on a single receipt. For more information, kindly visit www.fourpointssandakan.com or contact us at +60 89244 888 for reservations, Peter said.

SOURCE: NEW SABAH TIMES

M’sia secures business events worth RM32.7 mln

Posted on : 02-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR– Malaysia has won three highly competitive bids to host world class business events which are expected to generate a collective economic impact of RM32.7 million.

The winning bids are for the hosting of the World Tunnel Congress (WTC) 2020, the 17th World Congress for Endoscopic Surgery of the Skull Base and Brain (ENDO KL) 2020 and the Congress of the International Board on Books for Young People (IBBY) 2022.

Malaysia Convention & Exhibition Bureau (MyCEB), in a statement, said the WTC 2020 was expected to generate RM17.2 million in economic impact with 1,500 delegates; the ENDO KL 2020 (RM8.8 million in economic impact and 900 delegates) and the IBBY 2022 (RM6.7 million in economic impact and 800 delegates). Over 60 per cent of the delegates are expected to be from overseas.

The five international conferences and exhibitions are the International Forum on Quality and Safety in Healthcare: Asia 2017, the IWA-ASPIRE Conference and Exhibition 2017, the World Congress of the International Federation of Freight Forwarders Associations (FIATA), the 18th Asia-Pacific Retailers Convention & Exhibition (APRCE) and the 11th Asia Pacific Vitreo-Retina Society Congress (APVRS) 2017.

MyCEB Chief Executive Officer Datuk Zulkefli Sharif said Malaysia secured several prestigious conferences in the bid to position Malaysia as top-of-the-mind country of choice globally for business events.

“Our winning ingredients reflect the country’s commitment of offering value-added benefits for organisers to select Malaysia as their next business events destination,” he said.

Zulkefli said it brought Malaysia’s business events calendar forward by delivering a business conference that was progressive and at the cutting edge of innovation and business networking.

He also said between August and December 2017, the country would also play host to five international conferences, exhibitions and 6,000 delegates and generate an estimated economic impact of RM46.9 million.

Meanwhile, MyCEB General Manager of Business Events Ho Yoke Ping said the upcoming FIATA World Congress 2017 would coincide with the expected implementation of the Logistics and Trade Facilitation Master Plan by the Transport Ministry, designed to improve the efficiency of transport and trade facilitation and elevate Malaysia to become the preferred logistics gateway to Asia.

“The FIATA 2017 is also expected to generate RM11.5 million in economic impact to the country and increase Malaysia’s potential as a top regional gateway for freight transport and logistics.

The four-day conference is expected to attract 1,200 participants of which 60 per cent are international participants,” she added.

SOURCE– BERNAMA

Petronas awarded another block in Mexico

Posted on : 02-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary PC Carigali Mexico Operations, SA de CV, has been awarded shallow-water Block 6 in the Gulf of Mexico’s Salina Basin.

The national oil company said in a statement that Block 6 covered an area of about 559 sq km in water depths of between 30 and 80 metres.

The block will be operated by PC Carigali Mexico in a 50:50 partnership with Ecopetrol, the national oil company of Colombia.

Petronas executive vice president and chief executive officer (upstream) Datuk Anuar Taib said: “I am pleased with our new partnership with Ecopetrol and I am confident this will bring together our capabilities and expertise for a successful collaboration in the Mexico waters.”

Last year, Petronas was awarded deep-water Block 4 and Block 5 in a joint-venture partnership following Mexico’s first ever auction of its deep water exploration areas.

Petronas vice president of exploration (upstream) Emeliana Rice-Oxley noted that Mexico was largely underexplored and held substantial material opportunities.

“We are very pleased to add Block 6 to our growing exploration portfolio in Mexico, and be one of the early movers in this basin. This is aligned with our strategy to explore for material oil in largely underexplored prospective regions,” she said.

With a total of 5,491 sq km in gross acreage in the Salina Basin to date, Petronas will continue to chart its growth strategy in Mexico, to be supported by a new office in Mexico City that will start operations in the third quarter of 2017.

Read more at http://www.thestar.com.my/business/business-news/2017/08/02/petronas-secures-another-block-in-mexico/#WsxOVlVBwvtvK7Rb.99KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary PC Carigali Mexico Operations, SA de CV, has been awarded shallow-water Block 6 in the Gulf of Mexico’s Salina Basin.

The national oil company said in a statement that Block 6 covered an area of about 559 sq km in water depths of between 30 and 80 metres.

The block will be operated by PC Carigali Mexico in a 50:50 partnership with Ecopetrol, the national oil company of Colombia.

Petronas executive vice president and chief executive officer (upstream) Datuk Anuar Taib said: “I am pleased with our new partnership with Ecopetrol and I am confident this will bring together our capabilities and expertise for a successful collaboration in the Mexico waters.”

Last year, Petronas was awarded deep-water Block 4 and Block 5 in a joint-venture partnership following Mexico’s first ever auction of its deep water exploration areas.

Petronas vice president of exploration (upstream) Emeliana Rice-Oxley noted that Mexico was largely underexplored and held substantial material opportunities.

“We are very pleased to add Block 6 to our growing exploration portfolio in Mexico, and be one of the early movers in this basin. This is aligned with our strategy to explore for material oil in largely underexplored prospective regions,” she said.

With a total of 5,491 sq km in gross acreage in the Salina Basin to date, Petronas will continue to chart its growth strategy in Mexico, to be supported by a new office in Mexico City that will start operations in the third quarter of 2017.

SOURCE : THE STAR

Genovasi Malaysia training for more personnel – Najib

Posted on : 01-08-2017 | By : sabah today | In : National

PETALING JAYA: The government will send more personnel for training under the Genovasi Malaysia programme to master design thinking to improve the efficiency and productivity of government departments and agencies, Prime Minister Datuk Seri Najib Abdul Razak said today.

He said Genovasi, through its Design Thinking Innovation Ambassador (DTIA) programme, had trained 4,000 people from the public and private sectors using the Stanford d.school and Hasso-Plattner-Institute (HPI) Design Thinking model.

“I have heard very positive feedback from participants who attended the Design Thinking Innovation Ambassador programme over the years. These are administrative and diplomatic officer cadets and in-service personnel from around the nation.

“They told me how design thinking has been applied to improve work processes in various government units like the Works Department (JKR), Wisma Putra, Fire and Rescue, and the Police Force,” he said at a ceremony to mark the 5th anniversary of Genovasi, here.

Genovasi, which was launched on Aug 1, 2012, aims to have Malaysians youths foster the culture of innovation using the Design Thinking methodology as a skill to create community-centric projects, which is the new wave of wealth and solutions to improve public service delivery.

Najib said the police, for instance, came up with an idea which they piloted as an initiative called “Talk to Us”, aiming to improve community engagement, which received a very positive response from the public.

He said the creation of that programme was a direct result of the police participation in Design Thinking courses provided by Genovasi.

Najib also announced that Sarawak would be the first to commit to the implementation of Design Thinking training.

“I suspect Minister in the Prime Minister’s Department Datuk Seri Nancy Shukri has quite a bit to do with this. I congratulate Sarawak for this forward-thinking move and hope that other states will also move to do the same soon,” he said.

Najib said he was proud of Genovasi’s journey over the last five years, and hoped that it would continue unrelentingly in its effort to get Malaysia to adopt a more future-proof way of thinking.

He also announced that Genovasi would also conduct its programmes in Bahasa Malaysia and Mandarin, partnering with Kumpulan Media Karangkaf and Oriental Press Group, so that participants were better able to absorb the learning experience.

“The idea is that we want as many people as possible to be part of this Design Thinking movement, to be ready to face the challenges that an ever-changing future will bring and I am hopeful that having these modules available in Bahasa Malaysia and Mandarin will allow more people to undergo the Genovasi courses,” he said.

SOURCE— BERNAMA

Shell awards financial grants to NGOs

Posted on : 01-08-2017 | By : sabah today | In : Local Business

KUALA LUMPUR— Malaysian is open to have free trade agreements (FTAs) with Latin American countries such as Mexico and Peru following positive export growth to both nations, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

He said many Malaysian companies were already operating there.

“That is certainly an option that we are looking at as we are pro-FTAs and we have one with Chile which is doing well.

“We are open to having bilateral pacts with those countries which we do not have FTAs yet,” he told reporters after officiating Latin America Business Day 2017 here today.

SOURCE — BERNAMA

M’sia open to have FTAs with Latin American nations – Mustapa

Posted on : 01-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR— Malaysian is open to have free trade agreements (FTAs) with Latin American countries such as Mexico and Peru following positive export growth to both nations, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

He said many Malaysian companies were already operating there.

“That is certainly an option that we are looking at as we are pro-FTAs and we have one with Chile which is doing well.

“We are open to having bilateral pacts with those countries which we do not have FTAs yet,” he told reporters after officiating Latin America Business Day 2017 here today.

SOURCE — BERNAMA

Maybank to continue hiring employees

Posted on : 01-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR — Malayan Banking Berhad (Maybank) will continue hiring employees despite the challenges posed by the global economic uncertainty.

Maybank Group Chief Human Capital Officer Nora Abd Manaf said the bank would not resort to massive dismissals despite facing economic pressures, including rising costs.

She said Maybank would not stop recruiting employees but would exercise cautious, especially in choosing the right candidates and at the same time, not marginalising existing ones.

“Maybank always needs new employees and ideas to ensure that we will continue to be competitive and grow globally, including (seeking) new ways of dealing with today’s sophisticated ecosystem and technological development,” she told reporters after flagging off the Maybank GO Ahead Challenge (MGAC) 2017 Global Final here, today.

Nora said new employees not only could give new input, but could also help existing ones grow and develop.

The MGAC, a business talent competition, is part of the bank’s aspiration to create a talent pool of world-class future business leaders and competent financial experts for the region.

SOURCE– BERNAMA

Confidence in Malaysia’s future output remains positive

Posted on : 01-08-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Confidence over Malaysia’s future output remained in positive territory in July 2017, despite the deterioration of operating conditions that were lower than the average for the first half of the year, according to the latest Purchasing Managers’ Index (PMI) survey.

The survey, conducted by Nikkei and IHS Markit, said Malaysia’s manufacturing sector continued to under-perform during July, registering further contractions in both output and new orders, amid reports of weak market activity and demand.

”However, manufacturers added to their workforce, partly in anticipation of an increase in production for the coming year.

”Confidence regarding future output remained in positive territory during July,” it said.

The Nikkei Malaysia Manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 450 industrial companies.

It said the July survey indicated little pressure on capacity.

“Backlog of work declined for the third time in the past four months, with the rate of contraction the greatest recorded by the survey, since data was first collected over five years ago.

”However, longer-term expectations are seen as more positive, with respondents on average anticipating a rise in production over the coming 12 months,” it added.

Expected growth underpinned a slight increase in employment, the second time in the past three surveys that a rise in workforce numbers had been recorded.

Meanwhile, on a regional level, the survey highlighted that the headline Nikkei ASEAN Manufacturing PMI slipped to 49.3 in July from 50.0 in June, marking the first deterioration in the health of the sector so far this year.

“The Philippines and Vietnam remained the top two performers in July and were the only two countries to see manufacturing sector conditions improve, while Malaysia’s rate of decrease (in business conditions) was noticeably slower compared to June’s record low,” it added.

SOURCE: BERNAMA

CM: We’ve progressed & prospered

Posted on : 01-08-2017 | By : sabah today | In : Local

KOTA KINABALU: Sabah has undergone rapid progress and prosperity since independence.

“It has enabled the state government to implement various development programmes benefitting the people and state,” Chief Minister Datuk Seri Musa Haji Aman said when launching the state-level Merdeka Month and Fly the Jalur Gemilang campaign at the City Hall building compound here yesterday.

As a result of the progress made, he said education and job opportunities were created and the people’s socioeconomic status enhanced.

“At the same time, relations between the state and federal governments continue to be strengthened to ensure the development agenda is put into action for the benefit of the rakyat,” said Musa who is also Finance Minister. He added that the good relations between the two governments had clearly brought about development and progress for the state.

“And, apart from gaining recognition, Sabah is also given space and opportunity to contribute significantly at the national level under the leadership of Prime Minister Datuk Seri Najib Tun Razak.

The Chief Minister also stressed that the government’s development policies and programmes required support and co-operation from everyone including the civil servants, corporate sectors and NGOs.

“I believe that understanding, the spirit of togetherness and unity will spur further growth in Sabah,” he added. Meanwhile, Musa said the theme of this year’s Merdeka Month celebration “Negaraku Sehati Sejiwa” was apt as it called on the people to respect one another, unite and work together as Malaysians.

“As such, I hope this programme will receive good response from the people. Let’s fly the Jalur Gemilang together throughout the state during the month of August,” he said.

According to him, the Merdeka Month and Fly the Jalur Gemilang campaign were important for the people to instill a sense of patriorism as Malaysians.

“It is a platform for us to continue to show our gratefulness, appreciation and gratitude to our country which has given us the opportunity to appreciate the true meaning of merdeka,”Musa said.

And, the Chief Minister also thanked Local Government and Housing Minister Datuk Haji Hajiji Haji Noor who is also chairman of the Merdeka Month celebration’s main committee as well as city mayor Datuk Yeo Boon Hai, chairman of the implementation committee and its members for their determination and strong sense of patriorism in ensuring the success of the events.

Musa later flagged off a convoy of 15 vehicles taking part in the Kembara Merdeka Negaraku programme organised by the state Information Department.

Among those present yesterday were State Assembly Speaker, Datuk Syed Abas Syed Ali; DeputyChief Ministers Datuk Yahya Hussin and Datuk Raymond Tan Shu Kiah; Hajiji; Tourism, Culture and Environment Minister Datuk Masidi Manjun; State Secretary Tan Sri Sukarti Wakiman, the mayor and heads of federal and state department.

SOURCE: NEW SABAH TIMES