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Old April 13th, 2012, 06:11 AM   #661
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Ties with London set to soar
By ZUHRIN AZAM AHMAD and LEE YEN MUN Friday April 13, 2012
http://thestar.com.my/news/story.asp...&if_height=585



Najib and Cameron are all smiles during the press conference after their
meeting at Seri Perdana in Putrajaya yesterday. The British Prime Minister
declared that his country is back to do business with Malaysia and build a
partnership on vital global issues.


PUTRAJAYA: Britain has vowed to take its bilateral relations with Malaysia to a new height after nearly two decades of “benign neglect”.

British Prime Minister David Cameron said he was determined to put things in the right perspective.

“This is the first time a British PM has come to Malaysia in almost 20 years.

“It has been a period, as you (Prime Minister Datuk Seri Najib Tun Razak) have charitably put it, of benign neglect and I am determined to put that right,” he said yesterday.

Cameron was speaking at a joint press conference with Najib after their meeting at Seri Perdana here.

“So my message today is very simple: the era of benign neglect is over. Britain is back to do business with Malaysia, back to build our partnership on vital global issues,” he said.

Cameron said efforts to reinvigorate the relationship started in Downing Street during Najib's visit to London in July last year.

“Our vision is simple, to achieve a step change in Britain's trade and investments with Malaysia and we have agreed on three things.

“We have set ourselves a new target of doubling bilateral trade to £8bil (RM39.11bil) by 2016 with a joint working group to help get us there.

“We are agreeing on a new partnership in education to expand Malaysians' access to British universities and to support Malaysia's economic transformation with a new emphasis on vocational skills and research partnerships,”
he said.

Cameron said Britain would also double the number of Chevening scholarships for Malaysian students with support from BAE Systems (the British defence, security and aerospace company).

He noted that Malaysian investment projects had created hundreds of new jobs in Britain over the last decade.

“Malaysians today own some of Britain's major companies, including football clubs like Queens Park Rangers and Cardiff City,” he said.

Cameron added that Malaysia was now an economic heavyweight and an influential actor in the region, Commonwealth and beyond.

On the Global Movement of Moderates, a brainchild of Najib, he said it was the right response to the extremism and violence that had blighted many lives around the world.

“At home, your determination to engage with political reform and tackle Malaysia's outdated security laws are both testament to your leadership,” Cameron told Najib.

Najib hoped Britain would open more avenues for Malaysians to further their studies in that country.

“There are some 54,000 Malaysians desirous of some form of British education. If we can open more avenues for them to avail themselves of British education, it will certainly be mutually beneficial.

“On the defence side, we discussed the possibilities of Britain taking part in the future procurement prospects for Malaysia,” he said.
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Old April 17th, 2012, 07:50 AM   #662
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Kazakhstan invites more investment from Malaysia
By Rupa Damodaran Published: 2012/04/17
http://www.btimes.com.my/Current_New...p016c/Article/



FORMER Soviet republic Kazakhstan has offered numerous opportunities for Malaysian companies to participate in its infrastructure development.

"They had also offered Malaysian expertise to step in for the 20 hospitals that they have proposed to build," said International Trade and Industry Ministry Datuk Seri Mustapa Mohamed.

He was speaking after a round-table meeting between Kazakhstan business delegation with Malaysian businessmen here yesterday.

The meeting was held ahead of the state visit of President Nursultan Nazarbayev today. The visit reciprocates that of Prime Minister Datuk Seri Najib Tun Razak in June last year.

Mustapa said Kazakhstan, which ranks as one of the most developed Central Asian states and second largest trading partner for Malaysia in the region, is also keen to develop industrial estates and growth corridors like Malaysia.

Kazakhstan has nine special economic and four industrial zones.

Bilateral trade, which hovers at US$60 million (RM184.2 million), can also be stepped up further with increased activities.

"Our companies have penetrated Cambodia, India, Sri Lanka and the Middle East markets and they can now look to Kazakhstan too to tap opportunities overseas," he said.

Mustapa expects several memorandum of understanding to be signed in the presence of the leaders of both countries today.

Some of the Malaysian companies which have showed keenness to tap Kazakhstan include national oil corporation Petronas for the development of its oil and gas industry, especially the Kashagan oil field - the world's second largest oil field - and Genting Group in an independent power plant project.

Meanwhile, Kazakhstan industry and new technologies minister Isekeshev A.O. said turnover and investment between both countries have not been sufficient.

"We find common ground for further cooperation such as mining industry, tourism and agriculture," he added.

Investors will also be able to freely promote their products at the markets of Belarus and Russia, the other two markets under the Customs Union which is in a US$2 trillion (RM6.14 trillion) GDP region.

Isekeshev said apart from oil and gas, Malaysians can also tap into areas like metallurgy, food industry, tourism and finance.

Kazhakstan also recently announced plans to sell as much as US$1 billion (RM3.07 billion) of sukuk, or Islamic bonds, in central Asia's first global offering of the debt.
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Old April 23rd, 2012, 12:59 PM   #663
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South Africa to seek Malaysia's expertise to develop broadband initiatives
Posted on 23 April 2012 - 04:05pm
http://www.thesundaily.my/news/357457



Datuk Seri Dr Rais Yatim (right) during a meeting with South African
Communications Minister Dina Deliwe Pule. BERNAMA

KUALA LUMPUR (April 23, 2012): South Africa has invited Malaysia to collaborate in the country's broadband initiatives, especially at getting their extensive rural areas connected, Information Communications and Culture Minister Datuk Seri Dr Rais Yatim said.

The proposed collaboration in the area of broadband and cyber security were among topics discussed during an hour long meeting between South African Communications Minister Dina Deliwe Pule, Rais and the respective delegations at the latter's office here today.

Speaking at a joint press conference after the meeting, Pule said that South Africa was keen to collaborate with Malaysia in the broadband fields as they acknowledged Malaysia's success story in rolling out commendable broadband services to rural areas.

"Since South Africa has a vast area which is rural, and we think that we can share views and lessons of experience from Malaysia," she said.

The South African minister said that the country would also like to share information and learn from Malaysia in the area of cyber security.

"We are having our own Information Summit in June, and we would like to invite the minister and the officials of the department to come and join us to share their views (broadband and cyber security)," she said.

She said South Africa and Malaysia would soon finalise the area of collaboration before signing a memorandum of understanding (MoU) for the proposed pact.

"We believe that we will have to identify areas of agreement and maybe then we can have MoUs," she said.

Meanwhile, Rais said the Malaysian Communications and Multimedia Commission (MCMC) would work with South Africa's Information ministry to develop its broadband initiatives for rural areas.

"We have pledged our support for South Africa's broadband development programmes and will also attend the Information summit organised in June," said Rais. –Bernama
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Old April 24th, 2012, 11:09 AM   #664
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'Opportunies abound in Brazil supplement mart'
Published: 2012/04/24
http://www.btimes.com.my/Current_New...cle/index_html

The Malaysia External Trade Development Corporation is confident Malaysian companies which undertake proper market research will be able to penetrate the growing Brazilian vitamins and health supplement market.

"The market is growing at around 20 per cent annually with an estimated value of RM1.53 billion," it said in a statement.

The Brazilian domestic market comprised some 50,000 pharmacies with more than 500 distributors of pharmaceutical products and the overall industry was made up of around 400 companies with a market value of RM33.7 billion.

Vitamins alone showed a 13 per cent growth last year with multi-vitamins contributing strongly to this performance while retail pharmacies remained the primary distribution means for vitamins and health supplement products, amounting to RM38.6 billion.

Currently Brazil is facing difficulties in obtaining consistent generic products supply resulting in the importation of a wide range of vitamins and health supplements. In addition, large local laboratories were also considered potential acquisition targets for foreign investors.

"Brazil is one of the most difficult areas to penetrate and new exporters are advised to establish an office or appoint a local distributor registered with the Ministry of Health," the statement added.

All product registration must be made through the company's subsidiary or agent in Brazil and only businesses with licences issued by the External Trade Secretariat, under the Ministry of Development and Foreign Trade of Brazil, may import products into the country. -- BERNAMA
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Old May 3rd, 2012, 03:23 PM   #665
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Scomi Engr looking into O&G business in Brazil
By Sharen Kaur Published: 2012/05/02
http://www.btimes.com.my/Current_New...OMI01/Article/

PETALING JAYA: Scomi Engineering Bhd is conducting due diligence on a plan to venture into the oil and gas business in Brazil, including opening a plant there to produce drilling fluids.

According to Scomi Brazil country president Hilmy Zaini Zainal, the due diligence, which will complete within the next few months will help Scomi decide the best partners for its venture.

"We do not have a clear cut position on what we want to do yet but we have decided to put our resources in oil and gas developments in Brazil, instead of just being involved in monorail projects.

"We need to strategise and find the easiest way to enter the market. We hope something will materialise for us in the oil and gas sector in Brazil by the end of this year or early next year," he said.

Hilmy did not rule out a partnership with Montagens e Projetos Especiais SA (MPE), which is involved in oil and gas, fabricating topside models.

Scomi and MPE are partners for the RM2.6 billion monorail project in Sao Paulo, secured last year.

"Scomi in Brazil should not just focus on monorail projects, but also oil and gas as plenty of opportunities are coming up. So, the next phase of development for Scomi in Brazil is going to be in that area," Hilmy told Business Times in an interview.

Scomi is a leading provider of oilfield services to the oil and gas industry and one of three integrated monorail system providers in the world.

It is also one of the world's leading providers of high performance drilling fluids solutions and waste management services, through its subsidiary, Scomi Oiltools.

Hilmy said Scomi has been exploring oil and gas opportunities in Brazil in the last one year.

He said the company can supply its products and services to the Brazilian market.

"We are looking at fluid services. We plan to set up a blending plant in Brazil to develop the right fluids for the market. The due diligence will determine the size of the plant," he said.

Hilmy said Scomi plans to target oil and gas operators and drilling contractors in Brazil.

The company may also plan to offer its waste management services there, he added.

Business Times reported last week that Scomi is eyeing a new monorail project in Brazil, which is estimated to be worth more than RM2.5 billion. The company had already won two monorail projects in the country - in Sao Paulo and Manues worth a combined RM5.2 billion.
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Old May 3rd, 2012, 03:24 PM   #666
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Malaysia contractors undertake RM90.5b jobs in 49 countries
Published: 2012/05/02
http://www.btimes.com.my/Current_New...0CIDB/Article/

KUALA TERENGGANU: A total of 115 contractors from Malaysia have undertaken 690 projects worth RM90.5 billion in 49 countries from 2000 till this year.

From this, 616 projects worth RM57.7 billion have been successfully completed, while another 74 projects worth RM32.8 billion are under construction.

Records from the Construction Industry Development Board (CIDB) show that since the last 12 years, many foreign countries, especially from the Middle East, have chosen Malaysian construction companies to carry out their mega projects.

CIDB chief executive Datuk Seri Ir Dr Judin Abdul Karim said it was confident that with excellent track records, Malaysian construction companies would continue to be chosen by foreign countries to undertake their mega projects.

"CIDB has also undertaken various measures to enhance the work quality of local construction firms so that they would continue to be entrusted with many more mega projects in the developing countries.

"Among the measures include the signing of a memorandum of understanding between Malaysian and Asean nations for joint certification in the fields of engineering, architects and surveyors," he said after the launch of a seminar on the transformation of construction laws in Malaysia here on Monday.

The event was attended by 250 participants, including contractors, architects and staff from the local authorities in Terengganu.

Judin said work done by local contractors overseas covered various mega and high impact projects such as highways, light rail transit, airports and power stations.

Indeed, he said, a recent government delegation from Kazakhstan had indicated its interest to seek the assistance of Malaysian contractors to jointly develop building projects in its country.

Malaysian contractors should therefore take on these opportunities and show that they are capable of delivering work that is on par with that of international companies, he said.

Among Malaysian construction projects abroad include the steel structural works for the Burj Al Arab Hotel in Dubai, Formula One International Circuit in Bahrain, Khalifa Olympic Stadium, the international airport in Doha, the DukhanHighway in Qatar, the Mumbai-Pune expressway in India and Bank Sudan in Khartoum, Sudan. Bernama
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Old May 3rd, 2012, 03:26 PM   #667
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US removes Malaysia from Special 301 List
By Rupa Damodaran Published: 2012/05/02
http://www.btimes.com.my/Current_New...cle/index_html



KUALA LUMPUR: The US yesterday removed Malaysia from its Special 301 List, saying Kuala Lumpur has significantly strengthened its protection of copyrights and its enforcement against piracy.

US Trade Representative (USTR) Ron Kirk, in a statement, congratulated Malaysia on the progress that resulted in the removal from the Special 301 Lists.

The “Special 301” Report is an annual review of the state of intellectual property rights (IPR) protection and enforcement in trading partners worldwide, which Kirk’s office conducts.

Spain is the other country which the US has removed from the list.

In an interview with the Business Times last week, Kirk said the US had been working closely with Malaysia on the removal efforts following the request of Prime Minister Datuk Seri Najib Razak.

According to the USTR office, Malaysia passed copyright amendments which included provisions on preventing the circumvention of technological protection measures, establishing a mechanism for cooperation by Internet service providers (ISPs) against piracy over the Internet and prohibiting the unauthorised camcording of motion pictures in theatres.

Malaysia also established mechanisms to facilitate rights’ holder assistance in IPR enforcement efforts.

It also noted that in 2011, Malaysia promulgated regulations
designed to provide protection against the unfair commercial use, as well as unauthorised disclosure of test or other data generated to obtain marketing approval of pharmaceutical
products.

“Nevertheless, concerns remain, including concerns regarding the implementation of Malaysia’s pharmaceutical data protection regulations, and regarding border enforcement, in particular with respect to transshipment.”

However, in recognition of Malaysia’s recent improved efforts with respect to IPR protection and enforcement, the US proceeded to remove Malaysia from the list.

“The US will continue to work closely with Malaysia to ensure that progress is sustained and to address our remaining areas of concern, including through the Trans-Pacific Partnership
negotiations,” it added.

Malaysia and the US are among the nine countries negotiating the Trans-Pacific Partnership, which also cover standards for the protection and enforcement of IPR.

Kirk described this year's Special 301 Report as more significant than ever, in light of recent US government data showing that IP-intensive industries support as many as 40 million US jobs and up to 60 per cent of US exports.

"When trading partners don't protect IPR, they threaten those critical jobs and exports," he said.

USTR placed 40 countries on the Priority Watch List, Watch List, or the Section 306 Monitoring List this year.
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Old May 3rd, 2012, 03:32 PM   #668
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TM launches HK centre
Tuesday May 1, 2012
http://biz.thestar.com.my/news/story...&if_height=829



Zamzamzairani: Hong Kong a natural choice

New data facility to meet increased demand for cloud-based services

PETALING JAYA: Telekom Malaysia Bhd (TM) has launched its first regional data centre facility in Hong Kong.

Located in a Class A office facility at the Billion Centre in the famous Kowloon Bay area, the data centre, named VADS Hong Kong Data Centre (HKDC), was expected to meet the increased demand for cloud-based services, via its information and communication technology (ICT) arm, VADS Bhd (VADS), which provides managed ICT services, TM said in a statement yesterday.

“With this latest establishment, it marks the expansion of TM's presence in data centres market and strengthens its position as a leading player in communications industry,” it said.

TM group chief executive officer Datuk Sri Zamzamzairani Mohd Isa said in the same statement that Hong Kong was a natural choice when it came to deciding on the location of its first data centre outside Malaysia.

“This country has a strategic capability that attracts most of the multinational corporations and foreign carriers to set up and expand their business in the Asia-Pacific.

“Nobody can deny that Hong Kong is an established business hub in this region,” he said.

HKDC is an extension of the already existing 14 data centres established by TM via VADS throughout Malaysia.

Its design is based on the existing data centres for ease of maintenance, continuity and connectivity.

With a total build up space exceeding 14,000 sq ft, HKDC is built as a Green Data Centre with the coalescence of hot and cold aisle containment system together with a Tier III+ design.

TM owns or leases capacity on more than 10 submarine cable systems, which span more than 60,000 fiber-route miles around the globe, including several submarine cable routes that the company uses to carry traffic between Asia-Pacific region and North American region.
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Old May 3rd, 2012, 04:16 PM   #669
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Permintaan perabot Malaysia meningkat di Puerto Rico
ARKIB : 30/04/2012
http://www.utusan.com.my/utusan/info...i&pg=ek_06.htm

KUALA LUMPUR 30 April - Meskipun kelembapan ekonomi di Puerto Rico dari 2007 hingga 2011, jualan runcit perabotnya menyaksikan peningkatan keseluruhan sebanyak enam peratus, demikian menurut Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade).

Puerto Rico mempunyai satu daripada Keluaran Dalam Negara Kasar (KDNK) per kapita tertinggi dalam kalangan negara Caribbean berikutan sebahagian besar corak penggunaannya mengikut Amerika Syarikat.

Pada 2011, jumlah import perabot kayu ke Puerto Rico berjumlah US$109.41 juta.

"Pengeksport Malaysia dinasihatkan supaya mempertimbangkan wakil tempatan untuk mengelak masalah dalam isu kualiti, prosedur pengimportan dan pulangan barangan," kata Jonathan Rao, Pesuruhjaya Perdagangan Matrade Miami.

"Promosi perabot Malaysia juga boleh dijalankan secara efektif melalui Pameran Perabot Las Vegas di Amerika Syarikat yang dilawati syarikat-syarikat Puerto Rico," katanya dalam satu kenyataan hari ini.

Pada 2011, bahagian pasaran Malaysia untuk perabot dapur meningkat dari 0.85 peratus pada 2010 kepada 3.89 peratus (US$0.44 juta), perabot bilik tidur dari 11.29 peratus kepada 12.57 peratus (US$5.63 juta) dan perabot kayu lain dari 3.32 peratus kepada 6.29 peratus (US$2.45 juta).

Matrade berkata prospek bagi pengeksport perabot Malaysia adalah amat baik memandangkan pengeluaran tempatan secara umumnya terhad dan disasarkan pada pasaran murah.

Sebaliknya, ia berkata, persepsi umum perabot Malaysia adalah sangat menggalakkan terutama untuk perabot bilik tidur kayu dan set makan, serta set hiburan dan kabinet TV. - BERNAMA
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Old May 4th, 2012, 03:00 PM   #670
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CIMB set to start business in Australia soon
Published: 2012/05/04
http://www.btimes.com.my/Current_New...mbozi/Article/

MELBOURNE: The CIMB Group is set to start business in Australia in the next three to four months, the bank's group managing director and chief executive officer Datuk Seri Nazir Razak said yesterday.

The group enters the Australian investment banking industry after acquiring the majority of the Royal Bank of Scotland's Australian business.

Nazir said CIMB will leverage its reach in Asia to win market share.

"Australian corporates that have Asian interest will find a network and reach that is quite unique at CIMB.

"CIMB is an Asean bank. Asean is Australia's direct neighbour and, because of that, Australia will be core to CIMB's investment banking operations.

"We have multi-local platforms across Asean and to an extent, Apec (Asia-Pacific Economic Cooperation) as a whole. These can deliver deals, relationships and financial support. Our new Australian franchise will certainly not be an appendage on the far reaches of a global empire," he said in an interview with "The Australian" newspaper.

CIMB bought RBS' Australian equities, equity capital markets, mergers and acquisitions businesses as part of its US$273 million (RM819 million) purchase of most of the British bank's Asia-Pacific investment banking unit.

CIMB, which has been expanding its presence in Southeast Asia by acquisitions since 2006, has sold the RBS deal as a way to build regional investment banking business faster and cheaper than by growing organically.

Nazir said expanding its investment banking reach beyond Asean is a priority and "the Australian part of this deal was very desirable to us".

After solidifying the deal with RBS last month, he expects CIMB to open shops in Australia in three to four months, which he described as "relatively quick but not easy as RBS had other options".

Although Nazir said he is still working on the final headcount for CIMB in Australia and the mix of RBS and CIMB staff, he backs RBS' performance and position in the market. Bernama
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Old May 10th, 2012, 04:11 PM   #671
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Shell Malaysia to divest LPG ops to Oman’s National Gas
Thursday May 10, 2012
http://biz.thestar.com.my/news/story...&if_height=636



Country Chairman, Shell Malaysia Trading Sdn Bhd, Mohd Anuar Taib
exchanging the documents with Chairman National Gas Company S.A.O.G, Sh.
Abdulla Suleiman Hamed Al Harthy after a signing ceremony between Shell
Malaysia Trading Sdn Bhd and NGC Energy Sdn Bhd here.


KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd (SMTSB) has signed a sale and purchase agreement with Oman's National Gas Co SAOG (NGC) to divest its liquefied petroleum gas (LPG) business in Peninsular Malaysia to the latter at an undisclosed amount.

SMTSB managing director Azman Ismail said the divestment was part of its strategy to concentrate on other businesses and streamlined its downstream business.

“The company took position to consolidate and focus on its business. We looked for a party to take care of the LPG business while we focus on other things. It is a very commercial decision,” he said after a signing ceremony between SMTSB and NGC Energy Sdn Bhd.

Azman said the divestment underwent a thorough tender process for about a year and NGC succeeded based on its competitive bid. He said the sale of its LPG business would not affect other businesses and the handover would be a “seamless transition”.
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Old May 12th, 2012, 02:11 PM   #672
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Malaysia to share expertise with Tunisia
Published: 2012/05/12
http://www.btimes.com.my/Current_New...NISIA/Article/

KUALA LUMPUR: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah will be heading a delegation to Tunisia next week to share Malaysian expertise on Islamic finance and halal sectors.

"The working visit is on the invitation of Tunisian Investment and International Cooperation Minister Riadh Bettaieb.

"Tunisia wants to share Malaysian experience and expertise in sectors like Islamic banking and finance, Islamic capital market and halal industry," the Finance Ministry said in a statement.

During the two-day visit Ahmad Husni will have a bilateral meeting with Tunisian Cabinet members including Riadh, finance minister, religious affairs minister and Tunisian central bank governor. Bernama

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Old May 14th, 2012, 07:49 AM   #673
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Malakoff gets US$90mil financing for Bahrain plant purchase
By Chong En Han Published: Monday May 14, 2012 MYT 11:40:00 AM
http://biz.thestar.com.my/news/story...&if_height=886

KUALA LUMPUR: MMC Corporation Bhd's 51% subsidiary Malakoff Corporation Bhd signed a US$90mil financing agreement on Monday.

The financing, jointly arranged by Mizuho Corporate Bank and EXIM Bank of Malaysia, is for the purchase of an indirect 40% stake in Bahrain's largest independent power generation and water desalination plant for US$113.4mil (RM348mil).

The term loan facility will be provided to Malakoff's subsidiary, Malakoff International Ltd.

Last Friday, MMC announced that Malakoff was taking a stake in a Bahrain power generation and water desalination plant operator.

Malakoff had acquired the entire paid-up of IP Middle East Holding Company Ltd (IPME) from International Power Holdings Ltd (IPR).

The acquisition would see Malakoff holding an indirect 40% stake in Hidd Power Company B.S.C.(c) Bahrain (HPC).

HPC is the owner and operator of a "build, own and operate' power generation and water desalination plant in Bahrain.
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Old May 19th, 2012, 09:13 AM   #674
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M’sia, Bangladesh to ink MoU to curb human trafficking
Posted on May 15, 2012, Tuesday
http://www.theborneopost.com/2012/05...n-trafficking/

PUTRAJAYA: Malaysia and Bangladesh will be signing a memmorandum of understanding (MoU) to combat human trafficking between the two countries so that innocent people are not exploited, said Home Minister Datuk Seri Hishammuddin Tun Hussein.

“The MoU will be signed soon after both countries create a mechanism at the operational level whereby political will between Malaysia and Bangladesh can be translated into an action plan involving the respective authorities,” he said.

The MoU was hoped to also help combat other related crimes like money laundering, drugs and weapons smuggling, he told reporters after receiving a courtesy call from Bangladesh’s Minister of Expatriates Welfare and Overseas Employment of Bangladeshis, Khandker Mosharraf Hossain, here yesterday.

Hishammuddin said ties between the two countries would be cemented further as Bangladesh supplied the highest number of foreign workers to serve in various sectors in Malaysia including construction, agriculture and services.

He also said Malaysia and Bangladesh had worked closely during Malaysia’s 6P foreign worker amnesty programme particularly during the registration and legalisation exercises.

“It a testimony of a strategic partnership between Malaysia as a labour recipient country and Bangladesh as a labour sending country,” he added.

Hishammuddin said under the 6P Programme, Bangladesh nationals were the second largest foreign workforce registered, numbering 400,000.

He said this kind of cooperation was pivotal to ensure orderly movement of people particularly foreign workers into Malaysia including from Bangladesh as well as ensuring that foreign workers in this country would not be exploited or taken advantage of by unscrupulous individual or agents.

He added that the Bangladesh government also hoped that the sending of foreign workers from the country could be on a government-to-government basis to avoid involvement of middlemen. — Bernama
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Old May 21st, 2012, 02:49 PM   #675
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Malaysia-Australia to ink free trade pact
Published: 2012/05/17
http://www.btimes.com.my/Current_New...cle/index_html

KUALA LUMPUR: Malaysia and Australia will sign a free trade agreement (FTA) here on Tuesday.

It will be Malaysua's sixth bilateral FTA.

According to an advisory issued by the Ministry of International Trade and Industry, its Minister Datuk Seri Mustapa Mohamed and his Australian counterpart Dr Craig Emerson will sign the agreement.

Negotiations of the Malaysia-Australia Free Trade Agreement (MAFTA) commenced in May 2005.

In 2006, MAFTA negotiations came to a pause for both parties to focus on the ASEAN-Australia-New Zealand FTA (AANZFTA).

The advisory said that negotiations resumed in August 2009 after the conclusion of AANZFTA with marked progress.

MAFTA was successfully concluded on 30 March 2012.

MAFTA is a comprehensive agreement, which comprises 21 chapters encompassing trade, services and investment as well as economic cooperation.

It also marks another important milestone in Malaysia–Australia economic relations.

In addition to complementing the ASEAN-Australia-New Zealand FTA (AANZFTA), MAFTA will open up new market opportunities for both countries and enhance trade and economic relations between the two countries once the FTA is implemented.-- BERNAMA
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Old June 2nd, 2012, 02:50 AM   #676
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Orang utan is tourism ‘spokesman’ at German zoo
Monday May 28, 2012
http://thestar.com.my/news/story.asp...&if_height=304

FRANKFURT: Malaysia will have a “spokesman” for tourism at the Frankfurt International Zoo our treasured orang utan.

Tourism Malaysia's Frankfurt office will profile Malaysia's wildlife and nature at the Frankfurt International Zoo, which has 18 orang utan.

The strategy of arousing public interest in Malaysia's wildlife using the zoo as a vehicle to promote tourism has been lauded by tourism promotion experts here.

There is tremendous public interest in the orang utan, which has helped enhance the level of interest and boost tourism traffic to Malaysia.

Tourism Malaysia made its presentation on Saturday and had children to participate in a quiz called “Discover Malaysia and its Fascinating Nature”.

Tourism Malaysia's Frankfurt office director Syed Yahya Syed Othman said the strategy was simple.

“We get children to get involved in the quiz and in the wildlife of Malaysia. Once they see the orang utan and after participating in our quiz games, they will ask their parents to take them to the natural habitat of the animal,” he said.

Germany, he said, was a “promising market” with tremendous business potential inherent in nature tourism. - Bernama

Quote:
Frankfurt Zoo promotes Malaysia
28 May 2012 | Last updated at 09:46AM
http://www.nst.com.my/nation/general...laysia-1.88366



Tourism experts laud Tourism Malaysia's strategy of arousing public interest in Malaysia's wildlife, using the zoo as a vehicle for promoting tourism.
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Old June 2nd, 2012, 03:36 PM   #677
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AirAsia keeping options open on India
Published: 2012/06/02
http://www.btimes.com.my/Current_New...irinx/Article/

KUALA LUMPUR: AirAsia Bhd is mulling entering India as the second-most populous country with over 1.2 billion people is considering to allow foreign airlines to acquire stakes in its ailing carriers.

AirAsia chief executive officer (CEO) Tan Sri Tony Fernandes said the group would explore opportunities in India if the country's aviation policy was amended.

"The current policy does not allow us to go in. If the policy is amended, we will explore opportunities.

"AirAsia is continuously looking out for opportunities. That is how we established almost all our units.

"India will definitely be a huge market for AirAsia," he said in an interview here.

On Wednesday, AirAsia Japan Co Ltd, a joint venture between All Nippon Airways Co and AirAsia Bhd was launched, adding to the series of other low-cost airlines, namely Thai AirAsia, Indonesia AirAsia and AirAsia Philippines.

A unit in India and China is said to be the ultimate aspiration of Fernandes, the brains behind the no-frills airline's meteoric rise since its inception in late 2001.

Last month, Indian Minister of Commerce and Industry Anand Sharma was quoted as saying that the government had already received a request from the Indian aviation industry and discussions were ongoing.

Currently, foreign direct investments (FDIs) of up to 49 per cent are permitted in India's airline sector but foreign carriers are not allowed to buy equity due to security reasons.

The government, on January 17, however, decided to work on a proposal to allow foreign airlines to acquire equity up to 49 per cent.

Of the six major airline operators in India, five are in the red with the exception of Indigo, a no-frills airline. No sign of a solid recovery plan in sight for now.

AirAsia operates daily flights to and from Bangalore, Tiruchirappalli, Kolkata, Kochi and Chennai from the Low-Cost Carrier Terminal in Sepang.

On another development, Fernandes denied speculation that AirAsia had received an air operator's certificate from the Singapore government to start a low-cost hub in the island-republic.

He said to date, AirAsia had not received any verbal or written agreement from the authorities.

On collaboration talks with Malaysia Airlines, Fernandes said: "The talks are progressing well. For now it is almost 40-50 per cent completed."Bernama
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Old June 8th, 2012, 09:18 AM   #678
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Six Malaysian firms bag US$300m Aussie deals
Published: 2012/06/07
http://www.btimes.com.my/Current_New.../ENAM/Article/

KUALA LUMPUR: Six Malaysian companies succeeded in generating total sales of US$299.63 million (RM950 million) during 166 pre-arranged one-on-one business meetings at the Australian Petroleum Production & Exploration Association (APPEA) Conference and Exhibition 2012 in Adelaide, Australia.

The event was held over four days from May 13.

The participation of the Malaysian companies in what is the largest energy event in the Australasian region was coordinated by the Malaysia External Trade Development Corporation (Matrade).

The participation was aimed at showcasing Malaysian expertise and capabilities in the oil and gas industry.

Malaysian companies offer various specialised services such as marine engineering and construction, safety garment manufacturing, safety, environmental and occupational consultation, integrated engineering, production chemicals and engineering inspection.

"The Malaysian companies had meetings and discussion with more than 150 exhibitors, mainly from Australia, Spain, Singapore, the US and New Zealand," Shaiful Sharif, Matrade trade commissioner, said in a statement yesterday.

He also said that the sales generated were from automated ultrasonic testing, crawler pipeline inspection, engineering, procurement and construction (EPC) contract, consultation & laboratory services and engineering materials, exploration, certification, production of chemicals and industry apparels for personal protection in petrochemical industry.

The APPEA Conference and Exhibition is also a platform to meet up with buyers not only from Australia, but also from New Zealand, Timor Leste, Fiji and Papua New Guinea. Bernama
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Old June 12th, 2012, 07:28 PM   #679
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Yemen wants Dr M as adviser
11 June 2012 | Last updated at 09:25AM
http://www.nst.com.my/top-news/yemen...=false/Article



KUALA LUMPUR: Yemeni Prime Minister Mohamed Salem Basendowah has invited former prime minister Tun Dr Mahathir Mohamad, credited with spearheading Malaysia’s tremendous economic growth during his 22-year administration, to be Yemen’s special economic adviser.

Dr Mahathir visited Yemen, an country in the southern part of the Arabian peninsula, on Thursday to seek clarification over Salem’s invitation to be his adviser, the Malaysian embassy in Sana’a said in a statement.

Dr Mahathir attended a lunch hosted by Salem and a meeting which was also attended by Yemen’s former prime ministers, members from the ruling and opposition parties, senior officials as well as a World Bank official.

Salem referred to Malaysia’s achievements and transformation from an agro-based economy to a developed nation as the “Malaysian Miracle", the mission said.

"He looks forward to gaining Dr Mahathir's insight on how to assist in rebuilding Yemen," the statement noted.

Dr Mahathir, it said, took the opportunity to share Malaysia's experience and policies implemented during his tenure as prime minister.

"Dr Mahathir told the Yemeni prime minister that he felt honoured to be invited as Yemen's special economic adviser," the statement said.

Salem was appointed prime minister on Dec 11 last year and is spearheading efforts towards national reconciliation in his country.

Dr Mahathir also called on Yemen President Abdu Rabu Mansur Hadi during the visit. Bernama
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Old June 14th, 2012, 07:06 PM   #680
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Panda bears symbolise close ties
14 June 2012 | Last updated at 01:38PM
http://www.nst.com.my/top-news/panda...e-ties-1.94411



KUALA LUMPUR: Malaysia-China diplomatic ties established 38 years ago is expected to be further enhanced following Beijing's decision to lend Kuala Lumpur two panda bears.

Tomorrow Malaysia and China Wildlife Conservation Association (CWCA) will sign the transfer arrangement agreement for the panda bears, regarded as national treasures by China.

The transfer request was made by Prime Minister Datuk Seri Najib Tun Razak to Chinese Prime Minister Wen Jiabao during his visit to Nanning in April to launch Qinzhou Industrial Park, a China-Malaysia joint venture project.
Recognized by the Chinese as a symbol of world peace, the panda represents the Yin and Yang concept and is also China's longest serving ambassador when presented as a gift to Japan during the Tang Dynasty around 685 AD.

The panda with its black and white coat which can grow up to 1.8m long, 1.2m high and 160kg weight.

The animal which inhabits the fertile and mountainous Sinchuan Region has become an icon for China especially after it introduced the "panda diplomacy" in the 1950s.

The reintroduction of "panda diplomacy" has brought diplomatic relations with other countries closer between 1958 to 1982 when China gave 23 pandas to nine countries. In the context of Malaysia-China ties, the move to lend the pandas or the scientific name 'Ailuropoda Melanoleuca' signifies something special between Malaysia and China.

The decision would also strengthen the social, political and economic interest of both countries that existed since 1974 via the "Ping Pong Diplomacy" during the era of second prime minister Tun Abdul Razak Hussein. In fact, Najib described China's decision to allow Malaysia have a pair of panda bears as a symbol of close ties between the two countries. He said the panda bears are valuable animals for China and their presence in Malaysia will attract tourists.

Lending the pandas, one of five mascots at 2008 Beijing Olympic Games, showed that China recognised Malaysia's achievement in research and conservation.

The panda which feed on bamboo shoots has a low birth rate and is threatened with extinction as up to 2004, only 1,600 are believed to be still living in the wild.

The panda bears will be placed at Putrajaya Wetlands, not far from the federal government administrative centre.

China's decision to lend Malaysia the pandas for 10 years is not only seen as commemorating the 40th anniversary of diplomatic ties in 2014 but also a signal that the ties will last for a long time. -- BERNAMA
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