Business
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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.
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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.
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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.
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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.
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.
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.
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.
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.
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.
Business
A new set-up to empower business link-up
It is becoming hard to imagine anyone doing business these days without a webpage, email or social media connection.
Business
SEEDLINK - A network to bring entrepreneurs together
To be successful, entrepreneurs should relate with people who share similar interests and expertise to allow for entwining of ideas and experiences.
Cooperatives
Making sure the cooperative movement will thrive
Cooperative enterprises should manage their businesses more professionally and responsibly to achieve better success, and show greater commitment to the cooperative effort.This was the message Minister of Local Government and Housing Development, Datuk Hajiji expounded during at the Parliamentary-level Cooperative Consultative Committee (MPKP) mini carnival in Tuaran, Sunday. The text of his speech was delivered by State Assemblyperson for Kiulu, Datuk Louis Rampas.
ICT
TEXPO.asia - learning to do business across the border
TEXPO.asia 2012 is a unique international platform for doing things together. It encompasses four areas: Enterpreneurship, Technology, Finance and Opportunities and it connects four parties: the private sector, public sector, social communities and also the youths. It is intended to awaken the entrepreneurial spirit around Asia and to help identify successful enterprisers in various sectors. Apart from that, the expo helps the development of a "learning and sharing" culture that may also spawn a sense of social responsibility among the budding entrepreneurs.
Business
Another "CHANGE Store" Launched
“Kedai Tukar Banyak Barang Untung Segar” Profit Partnership Community Development Corporation-owned Maju Sabah Bhd (Kop-Pusamaju) was officiated by Ismail Yaakob, Minister of Domestic Trade, Co-Operatives and Consumerism on 9th October 2012. This is one of the the seven stores operating under the program CHANGE.
Industries
Big cost-saving winner for power-hungry factories
Sabah has plenty of natural gas. But Alvin Liew says his company has waited 11 years for it to cut his factory's high power bills by half. Colourcoil Industries Sendirian Berhad was denied this cheap energy to fire its ovens in making coloured metal sheets for buildings when it set up in 2001. The reason: the exorbitant cost of laying a 10-km pipeline from the gas main in Kota Kinabalu Industrial Park (KKIP) to Colourcoil's factory at Telipok. It would have cost the Sabah Energy Corporation, the state's sole gas supplier, 10m ringgit ($3m). And this would have made natural gas expensive and unprofitable to sell.
In pictures
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State Assemblymen Swearing in Ceremony |
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Closing Ceremony of IT training for usage of IOS and Android |
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The 6th Biennial Sabah Games (SAGA) 2013 |
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Quotes of the Day
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Before we move further ahead in developing the Oil and Gas industry in Sabah, it is important that we gain better knowledge of and a full understanding on the approach taken by the nation as a whole in this sector of the economy
Deputy Chief Minister cum Minister of Industrial Development Datuk Raymond Tan said at the 17th Asia Oil and Gas Conference in Kuala Lumpur. Tan led the delegation from Sabah to the Conference.
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I hope all elected representatives will make full use of the State Assembly sitting as the best platform to not only participate actively in debates, but also more importantly, every word said represent the voice of the grassroots
Chief Minister Datuk Musa Aman speaking at the State dinner in conjunction with the opening of the State Assembly sitting in Likas.
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If we wish to become a more developed and more inclusive society, employee welfare must be prioritised. I ask all employers to commit to pay their workers a living wage.
Prime Minister, Datuk Seri Najib Tun Razak, said in his keynote address at the Invest Malaysia 2013 in Kuala Lumpur, yesterday. Malaysia had introduced the Minimum Wage Policy in July last year, and employers were given until early this year to begin complying with the new regulation.
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We strive to empower all members of society, including women to ensure they reach their fullest potential and play a greater role in driving Sabah's future development
Chief Minister, Datuk Seri Panglima Musa Haji Aman, said in his address at the swearing-in ceremony for members of the Sabah Women Advisory Council (MPWS) held at his official residence in Seri Gaya yesterday.
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A clearer understanding of the objective behind initiatives such as the giving out of communal grants is important so that the people will not be confused and misled into thinking that the government of the day was not assisting them in land matters.
Chief Minister Datuk Seri Panglima Musa Aman said during a courtesy call by the committee members of Sabah Native Land Owners Association (SANLODA) at the Sabah State Legislative building, yesterday.