Wednesday, 20 September 2017
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Industry Updates - Malaysia

EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

Renewal Application for Special Scheme expiring 31st March 2018 onwards

Renewal application shall be made six months prior to the expiry date and must be submitted two months before the expiry date​.

MTUC urges Local Authorities to take Stern Action against Illegal Premises

BUTTERWORTH, Sept 18 (Bernama) - The Malaysian Trades Union Congress (MTUC) has called on local authorities to take strict legal action against illegal buildings or premises, particularly educational institutions.

UPNM Cadet Murder Case transferred to High Court

KUALA LUMPUR, Sept 15 (Bernama) - The case involving six Universiti Pertahanan Nasional Malaysia (UPNM) students who are accused of murdering their fellow Navy cadet officer Zulfarhan Osman Zulkarnain and other related charges has been transferred to the High Court.

Mega Malaysia-US Trade Deals to be positive in the Medium to Long-term

KUALA LUMPUR, Sept 15 (Bernama) - Mega bilateral trade deals concluded between Malaysia and the United States (US) during Prime Minister Datuk Seri Najib Tun Razak's just-concluded visit to the latter is poised to be very positive for the country's economy in the medium- to-long-term, says an economist.

Mida approves RM1.3 Bln DISF Grant till July 2017

SUNGAI PETANI, Sept 14 (Bernama) - The Malaysian Investment Development Authority (Mida) has approved grants totalling RM1.3 billion under the Domestic Investment Strategic Fund (DISF) since the fund was established in July 2012 until July this year.

SC establishes Fintech Cooperation with Three Financial Centres

KUALA LUMPUR, Sept 14 (Bernama) - The Securities Commission Malaysia (SC) has signed a series of innovation cooperation agreements with three regulators in major financial centres, in a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry.

CIDB wants Governement to cut Machinery Taxes in Budget 2018

KUALA LUMPUR, Sept 14 (Bernama) - The Construction Industry Development Board (CIDB) has asked the government to reduce taxes for construction machinery for the Industrialised Building System (IBS) projects to between five and zero per cent in Budget 2018.

Bankruptcy Cases involve 294,000 Malaysians a Year - Abdul Rahman

PUTRAJAYA, Sept 14 (Bernama) - A total of 294,000 Malaysians are involved in bankruptcy cases due to their failure to settle hire purchase loans, credit card loans, personal loans, housing loans and social guarantor debts (due to errant debtors) in a year, said the Department of Insolvency director-general Datuk Abdul Rahman Putra Taha today.

Extend Maternity Leave Period - Lawyer

KUALA LUMPUR, Sept 13 (Bernama) - A lawyer said the government should review the current maternity leave accorded to women in the workforce.

SC announces Senior Management Appointments

Securities Commission Malaysia (SC) today announced several key senior appointments.

UMP refutes Claims on Malaysian Universities

KUANTAN, Sept 11 (Bernama) - Universiti Malaysia Pahang vice-chancellor Prof Datuk Dr Daing Nasir Ibrahim has refuted the claim made by Prof Dwight H. Perkins from Harvard University that Malaysian universities have failed to produce graduates who can drive the field of innovation and research.

Government proposes to set up Halal Industry Park

KUALA LUMPUR, Sept 11 (Bernama) - The government has proposed to establish a national halal industry park in an effort to expand the industry, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Malaysia becomes the First ASEAN Country to establish a Foreign Business Chamber in the Philippines

The Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI), the first foreign chamber from the ASEAN Member States in the Philippines was officially launched on 6 September 2017 by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry at the margins of the 49th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings which taking place in Pasay City, the Philippines from 4 to 11 September 2017.

Sexual Crimes against Children, Punishment should be a Deterrent - Azalina

KUALA LUMPUR, Sept 8 (Bernama) - The 48-year jail and 24-strokes of the cane imposed by the Court For Sexual Crimes Against Children on a father who committed 623 counts of sexual offences on his daughter would hopefully be a lesson to the public.

Monetary Policy Statement

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

Consumers can lose Big from Digital Piracy

KUALA LUMPUR, Sept 7 (Bernama) - The Communications and Multimedia Consumer Forum of Malaysia (CFM) has urged consumers to be more vigilant against the dangers of digital piracy that can affect them.

MITI: Malaysia's Total Trade breaches RM1 Trln for Jan-July 2017

KUALA LUMPUR, Sept 6 (Bernama) - Malaysia's total trade breached the RM1 trillion mark for the first seven months of 2017 at RM1.008 trillion, while expanding by 22.7 per cent from the corresponding period of 2016, said the Ministry of International Trade and Industry (MITI).

National Policy on Industry 4.0 underway

KUALA LUMPUR, Sept 4 (Bernama) - The government is drafting a national policy on Industry 4.0 as part of the process of moving the country into the fourth industrial revolution.

Industry Updates

Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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Industry Updates

BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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Industry Updates

Renewal Application for Special Scheme expiring 31st March 2018 onwards

Renewal application shall be made six months prior to the expiry date and must be submitted two months before the expiry date​.

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Singapore and China Mediation Centres work together to help Businesses resolve Disputes along Belt and Road

1. The Singapore International Mediation Centre (SIMC) and the Mediation Center of the China Council for the Promotion of International Trade / China Chamber of International Commerce (CCPIT/CCOIC Mediation Center) will work together to support businesses and help them resolve disputes that may arise in cross-border commercial transactions under China’s Belt and Road Initiative (BRI). The two mediation centres signed a Memorandum of Understanding (MOU) today at the International Mediation Summit held in Hangzhou, China.

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Senate urged to view Ethics Complaints with Caution

MANILA - Senate Minority Leader Franklin Drilon on Monday urged his colleagues to view complaints filed before the Senate Ethics Committee with extreme caution as the number of complaints continue to pile up.

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Government reveals Aims of Mobile Cabinet Meeting

SUPHAN BURI, 18 September 2017 (NNT) - The Prime Minister has led his Cabinet on a retreat in the central region, aiming to foster development and connectivity between the country’s two oceans.

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MTUC urges Local Authorities to take Stern Action against Illegal Premises

BUTTERWORTH, Sept 18 (Bernama) - The Malaysian Trades Union Congress (MTUC) has called on local authorities to take strict legal action against illegal buildings or premises, particularly educational institutions.

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Industry Updates

ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Peace, Security and Stability take Center Stage in AIPA discussion

MANILA, Philippines - Lawmakers and delegates at the 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) on Saturday discussed intensively the issues and challenges confronting the ASEAN region and the international community.

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