KUALA LUMPUR: The on-going United States-China trade war has spurred interest among Chinese companies to invest in Malaysia, says International Trade and Industry Deputy Minister Dr Ong Kian Ming.“Malaysia could potentially benefit in terms of of attracting more Chinese investors to come to the country due to its strategic location in Southeast Asia,” he said.Ong was speaking to reporters after the 4th Joint Cooperation Council (JCC) meeting on the Malaysia-China Kuantan Industrial Park (MCKIP) and its sister park, the China-Malaysia Qinzhou Industrial Park (CMQIP) here today.He said Malaysia also welcomed greater trade economic cooperation with China and hoped the MCKIP in Kuantan, Pahang and the CMQIP in Qinzhou, China would strengthen existing ties between both countries.In his closing remarks, Ong said the first investment project in MCKIP was a RM5.6 billion modern integrated steel mill which was completed one year ahead of schedule and is currently operational.“The investment for the steel mill has translated into 3,800 jobs for local workers, and we have also welcomed Maxtrek Tyres, a new investment from Guangdong’s Zhaoqing Junhong Co Ltd in MCKIP,” he said.To date, MCKIP has 10 committed projects with a total investment of over RM18 billion, which is expected to create 20,000 jobs.Meanwhile, on the expansion of Kuantan Port, which acts as a catalyst to the MCKIP’s development, Ong said phase 1 of the port’s deep water terminal commenced operations in the fourth quarter of 2018.He added that the port’s annual handling capacity will increase to 52 million tonnes when the new deep water terminal (phase 2) is completed.On CMQIP’s development, China’s Assistant Commerce Minister Li Chenggang said the industrial park’s total development area has reached 2,200 hectares.“Investments that have materialised and are currently operational include the China-Malaysia International Science and Technology Park, the Electronic Information Industry Park, the Smart Interconnection Industrial Park and the National Bird Nest Laboratory.“More than 10 high technology projects have commenced their production in CMQIP, and there are currently over 30 registered enterprises and 42 key industrial projects in the park with a total investment amounting to RMB64.44 billion (RM38.75 billion),” he added.
June 14, 2019 07:52 UTC
IPOH: Primary Industries Minister Teresa Kok (pic) hopes tour guides will become ambassadors for palm oil. "I am hoping that the knowledge and benefits of palm oil will be inculcated into their (tour guides) training. Among those present were Malaysian Palm Oil Council (MPOC) chief executive officer Datuk Dr Kalyana Sundram, and Hovid's managing director David Ho Sue San. Kok added that not many Malaysians are aware of the nutritional values of palm oil. Kok also hoped the government would provide research grants to study the benefits of the nutritional value of palm oil.
June 14, 2019 07:41 UTC
PUTRAJAYA: There is a new internship programme designed to increase the employability of Malaysian graduates by giving them real-world exposure in the constantly evolving electronics and microelectronics field. The first batch of the MoE-Intel Elite Internship Programme will see 100 public university students gain exposure to industry standard chip-design software over 10 weeks. This will include hands-on lab work to ensure the students are able to use the tools effectively and efficiently. During the launch of the programme, he said this is to ensure the sustainability of the programme once the pioneer batch has completed their internship. Maszlee also said the selected students are currently pursuing their electronic or microelectronic engineering studies at six universities - Universiti Malaysia Perlis, Universiti Sains Malaysia, Universiti Teknologi Malaysia, Universiti Putra Malaysia, Universiti Teknologi Mara and Universiti Tun Hussein Onn Malaysia.
June 14, 2019 07:30 UTC
KUALA LUMPUR: Telekom Malaysia Berhad (TM) confirmed that the Malaysian Anti-Corruption Commission (MACC) visited its headquarters to seek certain information involving an on-going case.TM said on Friday it would continue extending its cooperation to the MACC.The telco also reiterated its “strong commitment to uphold integrity, governance and transparency, with zero tolerance of any improper and irregular practices” on the part of its partners, contractors or employees.
June 14, 2019 06:47 UTC
JAKARTA (June 14): Malaysian palm oil futures gained on Friday as expectations of solid biofuel demand from rival producer Indonesia and lack of crude palm oil (CPO) sellers supported prices. Palm planters are not selling their crude palm oil to refiners as they seek better pricing amid a lull in production. Malaysian palm oil shipments dived more than 30% during June 1-10 versus the corresponding period last year. In other related oils, the September soyoil contract on the Dalian Commodity Exchange rose 0.7% and the Dalian September palm oil contract gained 0.6%. Palm oil prices are affected by movements in related edible oils, with which it competes for a global market share.
June 14, 2019 06:33 UTC
CYBERJAYA: The Malaysian Communications and Multimedia Commission (MCMC) has formed a dedicated group within its cybercrime committee together with the police to investigate the viral sex video implicating a minister and a deputy minister's aide. The committee is made up of an executive group, co-headed by Al-Ishsal, and a technical group, which has been investigating the video since receiving a report on Tuesday (June 11). The MCMC has also taken measures to block sites showing the video since Tuesday. On Wednesday (June 12), Haziq Abdullah Abdul Aziz admitted that he was the other individual seen in the sex video, which has been making its rounds on social media and WhatsApp. Haziq is also the senior private secretary to Deputy Primary Industries and Commodities Minister Datuk Seri Shamsul Iskandar Mohd Akin.
June 14, 2019 05:50 UTC
KUALA LUMPUR: In the spirit of Hari Raya Aidilfitri, producer and television host Azwan Ali is seeking forgiveness from his elder brother. “Friends and Netizens asked me, it’s Raya time, so don’t you want to reconcile with Azmin? They asked me that many times over the last year,” said Azwan in a news report today. Last Wednesday, Azwan called on Azmin to “be strong and fight to clear his name” following the spread of a sex video, purpotedly linked to Azmin. Former Muzik Muzik host Azwan, who has been living in London since February, said Azmin was facing his “biggest test” as a successful politician and national leader.
Source:New Strait Times
June 14, 2019 05:48 UTC
GUA MUSANG: Water samples taken from the manganese mine and water catchment areas close to the Kuala Koh Orang Asli settlement are free of contaminants, reveals a study by the Environment Department. Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said test results released on June 12 found that the water samples complied with the national drinking water standards for raw water. "This is a new phenomenon to inflict the Orang Asli. She said a former National Service camp here has been converted into a temporary shelter for the Bateq Orang Asli who have recovered from the disease after seeking treatment at hospitals. Related story:Wan Azizah arrives in Gua Musang over pneumonia cases involving Bateq Orang Asli community
June 14, 2019 05:03 UTC
PETALING JAYA: The father of Haziq Abdullah Abdul Aziz doesn't think his son is the person in the sex video purportedly with Economic Affairs Minister Datuk Seri Azmin Ali. “However, I watched the confession video a few times because I was convinced it was not my son. Abdul Aziz said his son was a “very nice” man and that he only managed to communicate with him yesterday. On Wednesday (June 12), Haziq admitted that he was the other individual seen in a sex video, which has been making its rounds on social media and WhatsApp. Azmin, in denying his involvement in the sex video, said people should not resort to cruel and filthy acts of political sabotage.
June 14, 2019 04:52 UTC
KUALA LUMPUR: MyAngkasa Az Zahra Sdn Bhd and Angkatan Koperasi Kebangsaan Malaysia's (Angkasa) online loan processing platform – Portal My AzZahra – ensures security in cooperative financing for civil servants.MyAngkasa Az Zahra and Angkasa's initiative in developing the portal and launched in January is an aggregator of shariah compliant cooperative financing products, the companies said in a joint statement on Friday.MyAngkasa Az Zahra director Mohamad Shaharul Mohamad Shariff said applicants can choose products which suit their need and make the application directly to the respective cooperative via the platform.MyAngkasa Az Zahra, which is an associate company of Angkasa, had received numerous enquiries from the public over a report on syndicated loan scam.According to the statement, the report highlighted the existence of scams in the personal loan applications such as forging of salary slip, 50% pay out to loan applicants from actual loan applied and confiscation of ATM card involving a credit cooperative in the country.Mohamad Shaharul, among the objectives of this portal are to minimise the involvement of middlemen or agents by connecting the applicant directly with the cooperative of their choice to prevent potential fraud, manipulation and wrongdoings by credit company or loan sharks.“Furthermore, the financing application system provided by Portal MyAzZahra gives the applicant significant advantage to choose, apply and monitor their applications in an easy, fast, safe and transparent manner,” he added.MyAngkasa Az Zahra director Ahmad Sharmin Zahari explained that all transactions conducted in Portal My AzZahra are recorded using an audit trail function.Hence, the applicant and cooperative can monitor all the processes in real time to guarantee transparency and confidence of both parties.Portal My AzZahra is Personal Data ProtectionAct 2010 (PDPA) compliant and all the personal data of applicants are protected.“Participating cooperatives of this portal have undergone stringent evaluation process. The company has ensured that only qualified cooperatives with clean track record, offering only Suruhanjaya Koperasi Malaysia (SKM) approved products are allowed to come on board,” he added.MyAngkasa Az Zahra specifies all product offerings in the portal must display amount of nett payout to be received by the applicant including monthly payment amount, financing tenure and cost of financing.MyAngkasa Az Zahra chairman Datuk Abdul Fatah Abdullah said they were focused on integrating the systems between Portal MyAzZahra and Angkasa existing systems.These systems such as SPeKAR and SPGA are to ensure only genuine qualified applicants are allowed to apply for financing via the portal and to request for salary deduction from Angkasa.
June 14, 2019 04:07 UTC
His father Abdul Aziz Ibrahim lodged the report at the Kuching district police headquarters at 1am on Friday (June 14). In his report, he said five men broke into his house in Kuching, claiming to be policemen from Bukit Aman. Haziq posted a photo of the report on Facebook on Friday (June 14), saying "leave my family alone and face the truth!" On June 12, Haziq confessed that it was he and Economic Affairs Minister Datuk Seri Azmin Ali who were in the sex video that has gone viral. He said it was a nefarious plot to assassinate his reputation and character in an attempt to destroy his political career.
June 14, 2019 03:33 UTC
Galaxy FitFor the fitness fan, Samsung’s new line-up of Galaxy Fit and Galaxy Fit e may just be the gift you’re looking for. With just a flick of the wrist, the Galaxy Fit and Fit e make pursuing wellness goals more convenient, stylish and fun. Botan bow tieFor the discerning man in your life, pick out a Botan bow tie from Biji-biji, designed by Maatin Shaakir for Father’s Day. The Joke Factory is located at 27 Level G3 Block C5, Jalan Dutamas 1, Solaris Dutamas, Kuala Lumpur. Then come spend your Sunday morning learning how to make beeswax wraps at The Hive Bulk Foods, 92A Lorong Maarof, Bangsar Park, Kuala Lumpur.
June 14, 2019 03:22 UTC
KUALA LUMPUR (June 14): ACE Market newcomer Greatech Technology Bhd rose as much as 13.51% today as it continued to be actively traded on its second day of listing on Bursa Malaysia. It is the most actively traded stock after the morning bell today. At 10.30am, the counter was trading up 8.5 sen or 11.49% at 82.5 sen after 56.1 million shares were traded so far. The stock was also yesterday's most actively traded counter, with 192.72 million shares done, equivalent to 30.8% of the group's outstanding shares. The remaining RM8.5 million would be used for repayment of bank borrowings and defrayment of IPO expenses.
June 14, 2019 03:22 UTC
SINGAPORE (June 14): Palm oil may test a support at RM1,986 per tonne, as it faces a resistance at RM2,020. The support and the resistance are identified as the 100% and the 61.8% projection levels of a downward wave c from RM2,075. A break above RM2,020, however, could confirm the completion of this wave c. A bullish target range of RM2,041-2,075 will be established accordingly. On the daily chart, another projection analysis reveals a support at RM1,971, the 86.4% projection level of a downward wave C from RM2,896. No information in this analysis should be considered as being business, financial or legal advice.
June 14, 2019 03:11 UTC
The higher inventory level was primarily attributable to the higher production level. However, we view that the current reduction in stockpiles was still insufficient to lift the subdued crude palm oil (CPO) price. Meanwhile, the higher export from EU was likely due to large purchases of palm oil for biofuels before EU’s enforcement on removing palm oil from its biofuel subsidies programme in June. However, higher export demand was insufficient to lift the CPO price as it was overwhelmed by external developments that exert downward pressure on CPO pricing. The rise was mainly attributable to higher production from Kelantan (56.8% y-o-y), Terengganu (29.3% y-o-y), Pahang (27.4% y-o-y) and Negeri Sembilan (21.5% y-o-y).
June 14, 2019 03:00 UTC