Business

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Business

Chief Minister reveals RM4 billion worth of investments this year

Chief Minister Datuk Seri Panglima Musa Aman disclosed that up to June 2013, foreign investments in Sabah reached RM4 billion, much of which from countries such as the United States of America and China. He said he expected more to come.

Posted on November 18, 2013

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Entrepreneurship

Muhyiddin urges Bumi entrepreneurs to try harder

The Government is committed to continue empowering Bumiputera entrepreneurs in Sabah through various programmes, according to Deputy Prime Minister Tan Sri Muhyiddin Yassin.

Posted on October 1, 2013

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SIQ

Raymond Tan launches book to highlight Sabah’s industrial development

The Ministry of Industrial Development or MID launched the "Sabah Industrial Quarterly 2009-2013" book to mark the golden jubilee celebration of Malaysia Day at Hyatt Hotel in Kota Kinabalu recently.

Posted on September 16, 2013

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Business

Musa to Bumi entrepreneurs: To succeed, you must not shrink from challenges

Sabah Chief Minister Datuk Seri Panglima Musa Aman advised bumiputra traders and entrepreneurs to persevere in the face of challenges and not to waver from their goals.

Posted on August 1, 2013

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SME

A Carnival to launch SME goods

Papar based Margaret Kiat makes and sells Sirong - the traditional headgear of the Kadazans in Papar. She now does that for a living. Made out of bamboo, each Sirong takes Margaret at least one week to finish. She then takes the finished products to the tamu and other local fairs to sell.

Posted on July 2, 2013

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Business

Progressive Insurance pays RM 6.64 million dividend to State Government

Progressive Insurance Bhd announced a gross dividend payment of RM 6.64 million to the State Government after a bumper 2012.

Posted on July 1, 2013

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SME Carnival 2013

Industrial Development Ministry to organize SME Carnival later this month

The Sabah Government is organizing the 2013 SME (Small Medium Enterprise) Carnival in conjunction with this year's National SME Week from 24th to 26th June. The five-day affair will be held between 9 am to 8 pm at the Sabah Trade Centre in Likas for the entire duration of the Carnival from 26th of June to the 30th.

Posted on June 18, 2013

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Business

Najib: A free market economy to ensure prosperity for Malaysia

The Malaysian Government will grant multiple entry visas to qualified foreign investors in a move to get more multinational enterprises to support the the local economy, said Malaysian Prime Minister Datuk Seri Najib Tun Razak. “Malaysia must adopt a free market economy to establish links with regional partners, secure inward investments and open up industries to healthy and fair competition in propelling the national economy towards a more prosperous future. “A sustainable economy with a free market promotes stability and generates growth. And this means attracting and developing talents needed to compete in the global market,” he said.

Posted on June 17, 2013

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Business

Musa: Sabah eyeing RM 15 billion worth of investments this year

Chief Minister Datuk Seri Panglima Musa Haji Aman said that Sabah is poised to attract RM10-15 billion in investments this year, the bulk in the palm oil industry, particularly downstream processing and biomass production. In his speech read by Deputy Chief Minister and Minister of Industrial development Datuk Raymond Tan Shu Kiah at the opening ceremony of the 4th Malaysia International Palm Oil Technology Expo and Palmex yesterday, the Chief Minister expressed confidence that Sabah Palm Oil Industrial Cluster (POIC) and Sawit Kinabalu will take the lead in pushing the value-added industry to a new level.

Posted on June 12, 2013

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Sabah Energy Corporation

Sabah Energy contributes RM 7.5 million earnings to State Government

Sabah Energy Corporation Sdn Bhd (SEC) has delivered a gross dividend payment of RM7.5 million to the Sabah State Government for the financial year ending 31 December 2012.

Posted on June 7, 2013

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Investment

Raymond Tan is upbeat about Sabah’s industrial growth

Sabah's newly appointed Deputy Chief Minister, Datuk Raymond Tan Shu Kiah, said the state aims to account for 10 per cent of the nation's total investment by the end of 2013. Tan, who has also helmed the state's Ministry of Industrial Development (MID) since 2003, revealed this to the media at a press conference in Kota Kinabalu yesterday.

Posted on May 22, 2013

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Sabah Ports

RM229 million to upgrade Sabah Ports

A total of RM229 million has been allocated to upgrade Sabah Ports facilities over the next two years, according to Suria Capital Holdings Group Managing Director Datuk Dr Mohd Fowzi Razi. Sabah Ports is a subsidiary of Suria Capital Holdings Berhad.

Posted on May 11, 2013

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Business

Cooperatives advised to explore new business opportunities

Cooperative enterprises should take the lead in search of new business opportunities to achieve greater success and promote robust economic growth. Assistant Minister to the Chief Minister Datuk Nasrun Datuk Mansur said cooperatives should be more outgoing and proactive in developing innovative ways to improve the quality of their products and services. “They need to develop a vision for their business, and strive to expand their range of products and services to maintain a competitive edge in the industry and enjoy greater profits and market share. “The availability of various facilities and raw materials for industrial development in the district holds great potential and lucrative prospects for the sector,” he said.

Posted on April 3, 2013

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Kota Kinabalu Hub

Malindo Air will make KKIA its transit hub

Malindo Air soared into Kota Kinabalu City's open skies and landed safely at its international airport from KLIA (Kuala Lumpur International Airport) recently on March 22. The nation's first hybrid airline will be the third local carrier operating flights into Sabah, joining existing carriers Malaysia Airlines and Air Asia.

Posted on March 24, 2013

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Investment

Azizah: Women should invest for future financial security

Minister of Community Development and Consumer Affairs Minister Datuk Azizah Mohd Dun advised women to consider investing their money in certain investment portfolios that could enhance their financial security.

Posted on February 22, 2013

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