Thursday, 21 September 2017
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Industry Updates

MITI gearing up to face Industry 4.0

KUALA LUMPUR, Jan 12 (Bernama) - The Ministry of International Trade and Industry (MITI) will use the findings of the study on 'Future of Manufacturing' to formulate strategies to face the wave of Fourth Industrial Revolution (Industry 4.0).

President preparing "gotong royong" Economic Policy

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) is preparing a Pancasila-based, or "gotong royong" (mutual help) economic policy, which will be made public in the near future.

DFA: President Duterte leads Official launch of PHL's ASEAN 2017 Chairmanship

MANILA, Jan. 11 (PNA) - President Rodrigo Duterte will officially launch the Philippines chairmanship of the Association of Southeast Asian Nations (ASEAN) in Davao City on January 15.

MACC Integrity Vetting Process for Public Service should be reviewed - Irmohizam

KUALA LUMPUR, Jan 11 (Bernama) - The integrity vetting process by the Malaysian Anti-Corruption Commission (MACC), which is among the conditions which must be met by public officers recommended for promotion, should be reviewed to improve the integrity level of public service.

25th Annual General Meeting of the Kuala Lumpur Bar

The Kuala Lumpur Bar has announced its 25TH ANNUAL GENERAL MEETING on THURSDAY, 23 FEBRUARY 2017 at 2:00 PM at the AUDITORIUM, LEVEL 3, WISMA MCA, 163 JALAN AMPANG, KUALA LUMPUR.

Pasir Mas Revenue Service Centre, Kelantan is Now operating

Inland Revenue Board of Malaysia (IRBM) would like to inform the Revenue Service Centre (RSC) in Pasir Mas, Kelantan is now fully operationalised after it was closed several days due to flood.

Malaysia's Corporates, SMEs positive over Business Outlook for 1H 2017 - RAM

KUALA LUMPUR, Jan 10 (Bernama) - RAM Holdings Bhd's (RAM) first business confidence index has revealed that Malaysian corporates and small and medium enterprises (SME) are positive over the business outlook for the first half of this year.

MoF expects Higher Exports, BNM Measures to boost Ringgit

KUALA LUMPUR, Jan 10 (Bernama) - The Ministry of Finance (MoF) expects the recovering commodity prices and improving China's economy, as well as measures taken by Bank Negara Malaysia (BNM) will help lift the ringgit to RM4.10 against the US dollar by the third quarter of this year.

New Direct Lines for Taxpayer Queries

In view of the unavailability of BIR hotline number 981-888 and the unabated influx of public calls, which is clogging the BIR trunk line numbers 981-7000 and 929-7676 and in the process, undermining the agency’s telephony service, new direct lines were set up purposely for taxpayer queries.

DTI triples Number of Negosyo Centers Nationwide to 447

The Department of Trade and Industry (DTI) significantly expanded and strengthened its support and services to the growing number of micro, small and medium enterprises (MSMEs) nationwide, tripling the number of Negosyo Centers established across the country from 144 in 2015 to 447 in 2016.

30 New Economic Zones await Pres. Duterte’s Signature

MANILA, Jan 9 (PNA) - Some 30 new economic zone projects registered under the Philippine Economic Zone Authority (PEZA) await President Rodrigo Duterte’s signature, its Director General Charito Plaza said Monday.

CGC targets RM4.7 Billion Financing for SMEs in 2017

KELANA JAYA, Jan 7 (Bernama) - The Credit Guarantee Corporation (CGC) Malaysia Bhd is optimistic of approving higher financing of RM4.7 billion to about 9,500 small and medium enterprises (SMEs) this year, says President and Chief Executive Officer Datuk Mohd Zamree Mohd Ishak.

SMEs should be Innovative in facing Uncertain Economic Challenges

TAIPING, Jan 7 (Bernama) - Small and medium entrepreneurs (SMEs) should adopt innovative ways to remain competitive especially with tough economic challenges ahead following the weakening ringgit, says Deputy International Trade and Industry Minister Datuk Ahmad Maslan.

ASEAN Hosting to lure Trade, Investments, boost Economic Growth

MANILA, Jan. 8 (PNA) - The Philippines stands to benefit from hosting of Association of Southeast Asian Nations (ASEAN) Summit this year through increased trade and investments in the region and high economic growth in the next few years, said the country’s foremost economist.

LFSA grants MAAIA Approval to surrender Composite Insurance Licence

KUALA LUMPUR, Jan 5 (Bernama) - The Labuan Financial Services Authority (LFSA) has given its approval to MAA International Assurance Ltd (MAAIA), a wholly-owned subsidiary of MAA Group Bhd, to surrender its Labuan composite insurance licence, effective Jan 31, 2017.

IRB CEO appointed CATA President

PUTRAJAYA, Jan 5 (Bernama) - The Inland Revenue Board (IRB) chief executive officer Datuk Sabin Samitah has been appointed as President of the Commonwealth Association of Tax Administrators (CATA) for the 2015-2018 term.

Cambodia selected as Chair of Least Developed Countries Bureau at WTO

PHNOM PENH, Jan 3 (Bernama) - Cambodian Prime Minister Samdech Techo Hun Sen said Tuesday the country has been selected as chair of the Global Coordination Bureau of the Least Developed Countries (LDCs) at the World Trade Organisation (WTO), China's Xinhua news agency reported.

Vietnamese Businesses should stay Proactive for AEC Integration

HANOI, Jan 4 (Bernama) - Vietnam Domestic enterprises should stay more proactive and have wider vision for effective integration in the ASEAN Economic Community (AEC), Vietnam news agency (VNA) reported.

Indonesia terminates Business Deals with US-based JP Morgan Bank

JAKARTA, Jan. 4 (PNA/Xinhua) - The Indonesian government has terminated all of its business deals with the US-based JP Morgan Chase Bank NA following the latter's bad assessments on Indonesian sovereign bonds.

DTI bares 2017 Plans as MSMEs are urged to be more Competitive

ILOILO CITY, Jan. 3 (PNA) -- The Department of Trade and Industry (DTI) here is urging micro, small and medium enterprises (MSMEs) to level up and be more competitive as it also lined up major initiatives this 2017 to boost local entrepreneurs.

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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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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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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