Petronas to expand LNG portfolio in China

Posted on : 16-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is set to expand its liquefied natural gas (LNG) business in China, extending its reach to the country’s southern region while looking to expand the volume of supply to its existing buyers.

In a statement today, its Vice President of LNG Marketing & Trading, Ahmad Adly Alias, said that a liaison office was in Beijing to facilitate LNG business growth in the country.

“Petronas has strong relationship with China in the LNG trade and the prospect for further growth is strong.

“As an integrated LNG solution provider, the company is in the best position to deliver a reliable and innovative long term LNG solutions to meet China’s clean energy demand,” he said.

Petronas’ first LNG trade to China was in 2006 with a 25-year term supply to Shanghai LNG Co Ltd and expanded its market presence in China with the addition of term LNG customers in southern China.

SOURCE— BERNAMA

Kota Belud IADA (Integrated Agriculture Development Area) use Japanese technology to boost rice yields

Posted on : 16-04-2017 | By : sabah today | In : Local

KOTA BELUD: About 32.3ha of rice land in Kampung Jawi-Jawi, here, serves as the first area to implement the use of technology and modern machinery from Japan to increase farmers’ rice yields.

Kota Belud Integrated Agriculture Development Area (IADA) director Salmah Labulla said the technology and modern machinery were similar to that used by Japanese farmers in their rice cultivation activities.

She said the approach would be implemented through a smart partnership between Kota Belud IADA and two private companies for a period of five years, with the first phase involving capital investments of RM2.5 million, which began last January.

She said the two companies were Alku Corporation, a company involved in the construction of agricultural machinery from Japan, and Semai Agro, a local service provider company.

“For the first phase, Kota Belud IADA allocated RM500,000, while the two companies invested RM2 million and provided the technology and modern machinery from Japan. They will help Kota Belud farmers to increase the yields of their rice, ” she told Bernama here recently.

Salmah also said that said six Japanese experts in each field namely drainage, area mapping, land preparation and harvesting, were at hand and given roles and responsibilities to ensure the success of the effort, apart from providing seven tractors and 20 implements, namely equipment for plowing and leveling the ground.

SOURCE— BERNAMA

RHB, Funding Societies tie-up to expand funding for underserved SMEs

Posted on : 12-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: RHB Banking Group has partnered with Funding Societies Malaysia, a regional peer-to-peer (P2P) financing platform, to expand funding opportunities for the underserved small and medium enterprise (SME) segment in the country.

In a statement here today, group managing director Datuk Khairussaleh Ramli said the group’s SME business had grown at a compound annual growth rate of 17% per annum from 2014-2016.

“As we continue to focus on growing our SME customer base, substantial energy and resources will be devoted to creating a differentiated and tailored value proposition for SME owners and their businesses as the SME sector form the backbone of the Malaysia’s economy,” he said.

About 97% of business enterprises in Malaysia are SMEs.
Khairussaleh said Funding Societies would provide a platform for the SMEs to borrow directly from investors while RHB would provide the former with transaction banking services, trustee services for investors and (Know Your Customer) services.

Under the partnership, the first collaboration between a Malaysian bank and a P2P financing platform, investors are given the opportunity to invest on the platform from as low as RM100.

Malaysian Trustees Bhd will also perform due diligence checks on the SMEs to verify the destination of the funds and ensure that they are being channelled for the right uses.

Funding Societies is one of only six licensed peer lending platforms in Malaysia that is recognised and regulated by the Securities Commission.

It has recorded returns of more than 10% to investors.

Between June 2015 and February 2017, Funding Societies has originated almost RM90mil across 400 deals in Singapore and Indonesia

SOURCE- BERNAMA

iPay88 records 161% increase in online transactions last year

Posted on : 12-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: iPay88 Sdn Bhd recorded 38.2 million online transactions last year via its payment gateway systems, for a 161% increase, from the 14.6 million in 2015.

Executive director Lim Kok Hing said despite the perceived sluggish overall economy, there is solid evidence that Malaysians are purchasing from online platforms more than before.

“We would have thought that consumers are tightening belts due to a squeeze in their disposable income with the current economic ‘winter’.

“However, iPay88’s payment system proves that e-commerce and online purchases rose by 210% over the same comparable period,” he said in a statement.

This is in line with the company’s findings on Malaysian’s Online Buying Patterns, derived from the statistics collected via iPay88 payment gateway systems, which currently represents over 70% of the nation’s e-commerce market.

Lim attributed the high volume of online transactions to the convenience of shopping online, as well as the ability to get better deals on the Internet.

Meanwhile, in the first quarter 2017, Lim said online payments and transactional data in Malaysia showed no waning of interest on online purchases and spending trends.

“Among popular online purchases are apparel and footwear, accessories and jewellery, electronics and sports equipment, with each recorded sales of RM25.3mil, RM1.7mil, RM5.1mil and RM3.3mil respectively,” he added.

iPay88 is an NTT Data company and Malaysian-based leading provider of online payment service solutions within Asean.

SOURCE— BERNAMA

Malaysia, Indonesia launch efforts to counter EU Palm Oil Resolution

Posted on : 12-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Indonesia and Malaysia will send a joint mission to meet with European Union officials next month, aiming to prevent the implementation of a parliamentary call to curb the use of palm oil, officials from the two countries said on Tuesday.

A resolution by the European Parliament last week called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are produced in an unsustainable way leading to deforestation. The resolution includes palm oil, an important commodity for Indonesia and Malaysia.

“We will do whatever we can to convince the European parliament and European countries not to implement it. We don’t want to think of the middle ground just yet, we will negotiate in full force,” Indonesia’s coordinating minister for economic affairs, Darmin Nasution told reporters.

The European parliament’s non-binding motion calls for a single Certified Sustainable Palm Oil (CSPO) scheme for Europe-bound palm and other vegetable oil exports to ensure they are produced in an environmentally sustainable way.

“The joint mission will mainly convey the perspective of palm oil producers, especially to the European Parliament, that what is being said about palm oil is not true,” Nasution said, calling the resolution discriminatory.

Malaysia’s Plantation Industries and Commodities minister Mah Siew Keong, who met with Nasution in Jakarta, said the European resolution was unfair and could harm the livelihood of many small farmers in Malaysia.

Indonesia has been criticized by environmental groups for its forestry policy and for failing to stop the damaging haze that envelops much of the region each year due to forest burning to clear land for palm oil.

Nasution argues that palm oil is a highly productive crop that uses less land than rival vegetable oils such as soy oil.

Indonesia and Malaysia are the world’s top producers of palm oil, accounting for around 85% of global output, while EU countries are the second largest buyers for both countries after India.

Indonesia exported 4.37 million tonnes of palm oils to EU countries last year, according to data from the Indonesian Palm Oil Association (Gapki), while Malaysia exported 2.06 million tonnes of the commodity.

SOURCE:- FREE MALAYSIA TODAY

Kudat, Sabah’s latest tourism icon

Posted on : 12-04-2017 | By : sabah today | In : Local

Getting to know the Rungus ethnic community is the perfect introduction to Sabah’s northernmost district of Kudat and its array of tourism offerings.
Their unique traditional handicrafts and cultural dances aside, they are the only indigenous group in this state who dwell in longhouses.

Kudat is also known for its fresh seafood, as well as Tanjung Simpang Mengayau – dubbed the Tip of Borneo – which affords stunning views when the sun sets over the horizon, where the South China Sea meets the Sulu Sea.

About 80,000 to 100,000 domestic and international tourists visit Kudat annually, but the local tourism authorities are confident that visitor arrivals will swell once the Sabah Pan Borneo Highway is completed.

The project includes the RM2.5 billion 130-kilometre coastal highway from Tuaran to Kudat which, when completed in five years time, is expected to cut travelling time between Kota Kinabalu and Kudat by half to one and a half hours.

“We expect the new road to boost Kudat’s economy and tourism industry,” predicted Kudat district officer, Sapdin Ibrahim.

Speaking to reporters participating in the 2017 Sabah Media Tour from March 23 to 26, organised by the Information Department, he said preparations were already underway to build the necessary infrastructure and facilities to lure more tourists to the northern part of Sabah.

Kudat’s population comprises the Bajau Ubian (mostly fishermen living in the coastal areas), Rungus, Suluk, Murut and Dusun ethnic groups, besides the Chinese and Malay communities.

Usually, tourists make a beeline for the longhouses belonging to the Rungus, who are mostly farmers and make up 15 percent of Kudat’s population of 119,200.

Each longhouse represents an entire village, with each family allocated a room. At night, the parents and their daughters sleep inside the room while their sons sleep outdoors. The village head usually stays in the room right in the middle of the longhouse.

One of the doors at the longhouse is kept closed but in the event of a death, it is opened to allow the body to be carried out of the longhouse.

The Rungus natives collect one of Kudat’s best honey and are also skilled in the art of making crafts like beads and gongs, which are sought after by tourists.

Tanjung Simpang Mengayau, a scenic sleepy hollow located about 25 km from Kudat town, is the pride of the people of Kudat as it is located at the tip of the island of Borneo, the third-largest island in the world.

Sapdin said any visit to Kudat would not be completed without a trip to Borneo’s northernmost point, also dubbed the Horn of Sabah.

SOURCE: PROPERTY HUNTER

Sabah first to launch policy on environment

Posted on : 12-04-2017 | By : sabah today | In : Local

KOTA KINABALU: Chief Minister Datuk Seri Musa Aman launched the Sabah State Policy on the Environment during the 14th State Assembly Sitting here yesterday, making Sabah the first state to have initiated the formulation of the policy.

The policy outlines strategies and action plans based on five thematic aspects of the environment, namely land, air, water, biodiversity and social dimension.

To ensure effective implementation of the policy, the state government through the Ministry of Tourism, Culture and Environment has just completed 83 strategies and 195 action plans based on the thematic aspects.

The action plans for the Sabah State Policy on the Environment will be implemented for 15 years from 2018 to 2033.

The policy outlines three objectives, namely to provide a vision for environmental conditions and standards, an environmental framework for regulatory mechanisms, and guidance for all decision makers and implementing agencies in the execution of the mandates and duties.

The policy principles are based on clean air, healthy rivers and forests, productive land, bountiful seas and cohesive communities.

To ensure relevancy, the policy includes up-to-date global concepts and values such as a green economy, balanced production and consumption, preservation of environmental and cultural heritage, protection of biodiversity, participation in global efforts for carbon balancing and other aspects of good governance.

Musa said the state’s policy on the environment was an important landmark for Sabah in managing the environment and its natural resources.

“It is formulated to take into account the importance of environmental stewardship and for the state of Sabah to practise environmental governance. The formulation of the policy is timely for Sabah, in view of the necessities to improve environmental performance in all sectors of the state economy as well as the society.

“The state’s robust economic developments have depended closely on the utilisation of natural resources which has brought immense benefits to  society. Thus, the state government has continuously endeavoured to harmonise the escalating challenges in the management of the environment and the natural resources,” he said.

Musa added that the environmental problems faced today were increasingly complex and required a broader cross sectoral and societal response.

He said he was proud to announce that Sabah was the first state to have initiated the formulation of the State Environmental Policy after the National Policy on the Environment was adopted in 2002.

The processes of getting views and opinions from all stakeholders started as early as 2011 and the policy formulation process completed in 2014.

The state will continue to gear up as Sabah’s abundant natural resources and the environment are very delicate, thus requiring complete sets of strategic planning, management and implementation.

“The policy serves as guidance for our Ministry of Tourism, Culture and Environment and other related ministries to carry out our respective responsibilities in managing the state’s natural resources and environmental affairs.”

With clear policy objectives, he urged all parties to work closely together to ensure successful implementation of the policy for the people of Sabah.

He congratulated the Environment Protection Department, an agency under the Ministry of Tourism, Culture and Environment for the successful formulation of the timely policy.

“I note that the policy will form as catalyst to make the state of Sabah a liveable state based on its strategic location, high diversity natural resources, cultures and heritage of the people and a clean and healthy environment,” Musa said.

SOURCE:- THE BORNEO POST

CIDB: Construction sector to grow by 8% this year

Posted on : 11-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The construction industry is expected to grow by 8% this year, reflecting a total value of RM170bil underpinned by a number of mega infrastructure projects that will also make healthy contributions to the economy.

This will be an increase from last year, when the industry recorded a growth of 7.4% with a total value of RM166.4bil, according to data from the Construction Industry Development Board (CIDB).

“The industry indeed has a bright future, considering numerous mega infrastructure projects that will continue to fuel our construction demand.

“The projects include the Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, east coast rail line from Port Klang to Tumpat, high-speed rail from Kuala Lumpur to Singapore, Pan Borneo Highway in Sabah and Sarawak, Damansara-Shah Alam elevated highway, light rail transit from Bandar Utama to Johan Setia, West Coast Expressway from Banting to Taiping and mass rapid transit line 2.

“In addition, there are commercial real estate projects which will boost construction demand even further such as Bandar Malaysia and Cyberjaya City Centre.

“Undoubtedly, construction industry is one of the key sector which will propel the nation into prosperity,” said Works Minister Datuk Seri Fadillah Yusof at the 8th Malaysian Construction Summit.

The event was organised by Masters Builders Association Malaysia and supported by CIDB.

Bank Negara has raised the country’s gross domestic product outlook to between 4.3% and 4.8% this year and analysts have a consensus view that it will be driven by primary sectors and construction projects.

Fadillah said construction sector’s growth is largely driven by the private sector, with some of them have gone abroad to bid for jobs.

“For example, four of our construction companies are in the run to bag the U$1.6bil project for the development of 3,000km highway in Rajasthan, India.

“It will be based on the Swiss Challenge method whereby we are the one who submitted the proposal and the Rajasthan government will publish it for other people to compete.”

The outcome is expected to be made public in May, he said.

To further strengthen the construction industry, Fadillah said the ministry, through CIDB, has proactively developed the construction industry transformation programme (CITP).

CITP is a comprehensive five-year plan to transform the construction industry to be at par with its counterparts in developed nations by 2020.
SOURCE:- THE BORNEO POST

24,697 employed with help from job Portal

Posted on : 11-04-2017 | By : sabah today | In : Local

THE Resource Development and Information Technology Ministry, through the Sabah Job Centre, has implemented several programs which focussed on helping unemployed youths get jobs.

Its assistant minister, Datuk Hamisa Samat, said that among the programs were getting employers and job seekers registered in Job Portal (joblink.sabah.gov.my), strengthening human capital, mindset transformation camps and encouraging the use of Wisma Bandaraya as the interview venue for employers registered with the Job Portal.

According to her as of today, 24,697 job seekers have found employment through the Job Portal where 1,865 employers had registered.

On the program to strengthen human capital, Hamisa said that a total of 4,716 youths had managed to secure jobs in the private sector through the program.

She said this when replying to Sebatik assemblyman Datuk Muis Picho.

Meanwhile Kapayan assemblyman Dr Edwin Bosi suggested that the State Government help out jobless youths by giving them free driving licence and loans to purchase cars so that they could become Uber drivers and earn an income.

Youth and Sport Minister Datuk Tawfiq Abu Bakar Titingan in reply to the suggestion said that it was a good one and would be given consideration.

He also said that the unemployment rate last year increased to five per cent and this could be caused by the closing down of a few oil and gas companies affected by the low oil price.

SOURCE:- THE BORNEO POST

Asean-Japan to further deepen collaboration

Posted on : 10-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The Association of South-East Asian Nations’ (Asean) Economic Ministers Roadshow, which was held in Japan on April 6-9, 2017, has recognised huge untapped potentials for Japan and the grouping to  further deepen collaboration in promoting innovations, fostering entrepreneurship and creating new industries.

In a statement yesterday, the Ministry of International Trade and Industry (MITI) said the ministers agreed on the role of micro, small and medium enterprises (MSMEs) as a key driver of economic growth.

“They have also recognised the importance of increasing access to finance through possible cooperation in accordance with the domestic laws and regulations on MSMEs,” it said.

MITI said the ministers agreed that in the headwinds against globalisation, it was imperative for a modern, comprehensive, high quality, and mutually-beneficial Regional Comprehensive Economic Partnership (RCEP) to be a model for inclusive and innovation-oriented growth.

“RCEP will be an agreement that would not only facilitate the participation of MSMEs and local enterprises into the regional value chains but also promote innovation and encourage entrepreneurship.

“In this regard, while being mindful of RPCs’ sensitivities, the ministers reiterated the importance of RCEP to deliver high quality and commercially meaningful outcomes, not only on trade in goods, trade in services and investment, but also in trade facilitating rules,” it said.

It said the Economic and Technical Cooperation has been recognised as an important pillar of RCEP.

In this context, it said, the ministers agreed to consider a Japan-Asean Initiative to realise RCEP by jointly developing human resources, enhancing institutional capacities, building infrastructure for strengthening connectivity in the region and deepening industrial cooperation, while addressing the divergence of economic development in this region.

“The ministers are committed to work towards elaborating on the details of the Japan-Asean Initiative to realise RCEP.

They also agreed to the importance of accelerating structural reform and reducing NTB for promoting innovation and fostering new industries,” it said.

SOURCE— BERNAMA

MTDC (Malaysian Technology Development Corporation-Khazanah Nasional Bhd subsidiary) plans to approve RM170 mln in loans this year

Posted on : 10-04-2017 | By : sabah today | In : National Business

BANGI — Khazanah Nasional Bhd subsidiary, Malaysian Technology Development Corporation (MTDC), is targeting to approve RM170 million in loans to technology-based companies this year.

MTDC Chief Executive Officer Datuk Norhalim Yunus said the financing would be given out through its six funds.

These are Commercialisation of Research and Development Fund (RM40 million), Technology Acquisition Fund (RM10 million), Business Start-up Fund (RM15 million), Business Growth Fund (RM15 million), Bumiputera Expansion Fund (RM75 million) and Halal Technology Development Fund (RM15 million).

“The funds would be allocated according to the size of the projects, starting from a minimum of RM500,000 to a maximum of RM15 million,” he told the media after speaking at the MTDC Road 2 Funding programme here today.

He said the loans would be disbursed through a combination of grants and convertible promissory notes.

Norhalim said MTDC planned to disburse the RM170 million funds within two years, according to the type of projects carried out by the companies.

“The funds would be disbursed in stages based on the progress of the projects, and would not be given out if they did not achieve the target that had been set,” he said.

He added that most of the applicants for the loans were companies involved in the green technology industry, such as solar technology, energy efficiency systems, biotechnology and electronics and electrical, among others.

Norhalim said the recently introduced Halal Technology Development Fund would also see more active involvement by halal product manufacturers that export their products.

“The Department of Islamic Development Malaysia’s halal certification is recognised by 50 halal agencies all over the world, and this fund would encourage more companies to expand their business overseas,” he said.

He added that last year, MTDC had disbursed RM145 million in loans to 71 technology-based companies.

SOURCE– BERNAMA

Shell awards contract to Petra Resources

Posted on : 10-04-2017 | By : sabah today | In : Local Business

KUALA LUMPUR: Sabah Shell Petroleum Company Ltd has hired integrated brown field services provider Petra Energy Bhd to undertake the topside maintenance services for the Gumusut-Kakap and Malikai deepwater platforms.

It said on Monday it had signed a two-year contract with an option to extend for an additional year, with Petra Resources Sdn Bhd – a unit of Petra Energy – in Kota Kinabalu.

Petra Resources will provide contract management, site execution and offshore maintenance crew to undertake maintenance activities for the platforms.

Sabah Shell general manager Ian Lim said  the oil major  has a long history of successfully developing deepwater energy projects worldwide.

“We believe in sharing expertise with local energy companies as well as the government to help it to develop deepwater resources and the corresponding service industry, and also to benefit local economy and livelihoods of the communities where we have operations,” Lim said.

Petra Energy group CEO Datuk Anthony @ Firdauz Bujang said that topside maintenance and hook up commissioning is the group’s core competency.

“The signing today at the Sabah Oil and Gas (SOGCE) 2017 signifies the good working relationship we have with Shell in Sabah. We are proud to be recognized by a global energy company to undertake works for Malaysia’s deep-water assets,” he added.

Petra Resources will ensure local participation via its partnership with Sabah based company, Evolusi Bersatu Sdn Bhd.

Recall that Gumusut-Kakap was built entirely in Malaysia, allowing Shell to share its deep-water expertise to boost local companies and help the government create an offshore industry hub in the country.

It is Shell’s first deep-water project in Malaysia, which uses advanced Shell technology to safely produce oil from the Gumusut-Kakap field in seas 1,200 metres (3,900 feet) deep.

As for Malikai, it is Shell’s second deep-water project in Malaysia. It is the country’s first tension leg platform, a floating oil production facility moored to the seabed 500 metres underwater.
SOURCE:- THE STAR

Singapore to carry out trials of self-driving pods, buses

Posted on : 10-04-2017 | By : sabah today | In : International News

SINGAPORE— Trials for self-driving pods in Sentosa and autonomous buses possibly around Jurong Island and the National University of Singapore (NUS) will kick off in the next three months, and if things go well, the rides may be rolled out to the public from as early as 2018 and 2020 respectively.

In Sentosa, testing for four mobility-on-demand pods will start this month along three routes: Tanjong Beach, Palawan East to Siloso Point, Sentosa Golf Club to Imbiah Lookout. Artificial intelligence will allow the 15-seater Navya Arma and 20-seater ST Kinetics Shuttle to replicate the behaviour of a human driver.

From 2018, the public will be able to book a ride on these by booking through their smartphones or information kiosks around the island as part of the trial.

Over at a still-undecided location, work on a trial involving two 40-seater electric buses will start between this month and June as part of a 42-month trial. The Land Transport Authority said possible sites include Jurong Island and NUS. If all goes well, the goal is for the buses to run on fixed and scheduled public routes on selected feeder and trunk bus services in 2020.

Both projects were unveiled by ST Kinetics at a ceremony on Monday (April 10). Several initiatives were announced, including the launch of the Singapore Autonomous Vehicles (AV) Consortium and AV development projects with the Ministry of Transport (MOT), Land Transport Authority (LTA) and Sentosa Development Corporation (SDC).

For the Sentosa trial, the engineering company will work with SDC and MOT, and make use of a fleet management system to analyse passenger demand and optimise route management.

For the driverless bus trial, ST Kinetics is collaborating with the LTA. Initial stages of the trial will be conducted during off-peak hours at an industrial area, before progressing to more complicated test sites. In the future, the trial could be extended to public roads for intra-town travel, said the LTA.

A satellite-based Global Positioning System and sensors will enable the buses – traveling up to 60km/hr – to identify their location and surroundings. Radars and sonars will be able to pick up other vehicles and pedestrians as far as 200 metres away.

Permanent Secretary for Transport Pang Kin Keong said: “The autonomous mobility-on-demand trial in Sentosa and the autonomous bus trial with ST Kinetics are further major steps in our plan to leverage the technology to improve urban mobility in Singapore. We will progressively launch more trials, including in other parts of Singapore, with the aim of eventually deploying such mobility concepts as part and parcel of our transport system.”

SOURCE— TODAY

Professional Conference Management Program in KK

Posted on : 10-04-2017 | By : sabah today | In : Local

KOTA KINABALU: Sabah’s first Professional Conference Management Programme will be held in Kota Kinabalu from the 26th to the 28th of this month at Hotel Grandis.

“As Sabah is embarking on serious conference business with the completion of the Sabah International Convention Centre (SICC) soon, Sabah Tourism is pleased to be part of the upcoming Professional Conference Management programme with MACEOS. We hope the private and public sectors will take full advantage of this program to equip themselves for the next phase of tourism in Sabah,” said Gordon Yap, general manager of Sabah Tourism Board.

The three-day training programme, a joint collaboration between Malaysian Association of Convention and Exhibition Organizers and Suppliers (MACEOS) and Singapore Association of Conventions and Exhibition Organisers and Suppliers (SACEOS), will equip participants with practical applications of concepts in organising conferences as well as the necessary skills to deliver professional world-class conferences. Areas ranging from conference planning, development, marketing, bidding techniques and more will be presented and discussed over the course of the PCM programme.

The PCM programme is also recognized by the Conventions Industry Council (CIC) of USA and carries 23 CEU units to prepare participants who wish to upgrade to be a Certified Meeting Professional (CMP), a worldwide recognized accreditation. The PCM Certificate Ceremony will be officiated by Minister of Tourism, Culture and Environment Datuk Seri Panglima Masidi Manjun.

The programme is exclusively limited to 25 participants to allow better group synergy, discussion and interaction. Hotels with MICE facilities, tour operators, venue operators and suppliers, DMCs, event organizers and planners, academicians and lecturers in events management, entrepreneurs and business managers are encouraged to join.

Registration is open to all at RM2500 for non MACEOS members and RM2000 for MACEOS members. Interested participants can register in the official website www.maceos.com.my. For more information, email secretariat@maceos.com.my or call 012-640 6106.

SOURCE:- THE BORNEO POST

SME products for 50 Sabah shops this year

Posted on : 10-04-2017 | By : sabah today | In : Local

KOTA KINABALU– The state government plans to bring small and medium enterprise (SME) products to 50 shops statewide with a target sale of more than RM50 million this year.

Deputy Chief Minister Datuk Raymond Tan Shu Kiah said the state government was also targeting to rope in 100 SMEs to enter 200 products into supermarkets, sundry shops and convenience stores statewide.

Tan who is also state Industrial Development Minister said the ministry brought 42 SME products to a local supermarket chain in the west coast, last year.

He was responding to Datuk Au Kam Wah (BN-Elopura) during the question and answer session at the Sabah State Legislative Assembly here, today.

Au wanted to know about the state government’s plans and efforts to stimulate light industry in the state and incentives given to local SMEs.

Tan said the National Small and Medium Enterprise Development Council had accepted the state government’s proposal to develop the Supply Chain Shared Services and Outsourcing Centre (SSO) concept to vitalise the SME industry in the state.

According to him, the concept was a public and private sector initiative to provide a platform for end to end supply chain management solutions in terms of production facility, storage services for dry and frozen goods and logistics services.

“Such programme will assist SME entrepreneurs in logistics, packaging, storage and delivery to shops, where the SSO would help in managing sale, promotion and payment process for SME entrepreneurs.

“The concept is seen as capable of increasing sale and income of operators consistently and help them to be self reliant rather than depend on government assistance and incentive,” he said.

SOURCE– BERNAMA