KUALA LUMPUR, July 22 (Bernama) — By attracting high-value investments, the Malaysian Investment Development Authority (Mida) is seeking to create a work environment ecosystem that is exciting, to lure local talent overseas back to the country.
Apart from higher salary, these younger talent are also attracted to working in a more challenging environment, said Mida’s Chief Executive Officer, Datuk Noharuddin Nordin.
Speaking to Bernama in Bangkok recently, he said while money continued to be a factor in these Generation Y talent going overseas, they were also looking for that “excitement”.
“They want to be in an environment where there’s a lot of innovation, creativity, with state-of-the-art technology being developed,” he added.
Noharuddin, who was met on the sidelines of the 12th Hitachi Young Leaders Initiative (HYLI) in Bangkok, was addressing the issue of the brain drain in Malaysia, and the promotion agency’s mechanism in tackling some of the...
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June 18, 2015 , by admin2
JAPAN does not think it will be “short-changed” by participating in the Trans-Pacific Partnership (TPP) at an advanced stage of negotiations.
Japan, the world’s third largest economy, has been in trade and investment and economic integration negotiations for a long while.
“If we are not experienced, nobody is,” chief negotiator Koji Tsuruoka said at a media briefing on the sidelines of the 18th round of talks which started on July 15.
“Short-changed? I don’t think so … it will be up to us. Better late than never,” he added.
Japan, which got the go-ahead from its government to join the negotiations earlier this year, had to wait for the green light from the US Congress in accordance with the procedures in the US.
“Japan is happy to join the negotiations under the chairmanship of Malaysia. We’ve had useful talks for a day-and-a-half now with another day to go.
“We have learned a great deal and we have also expressed our views on a number of issues that...
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1129 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR: Malaysian exhibitors raked in RM63.66 million in sales and projects during the 4th Showcase Malaysia Cambodia in Phnom Penh last month.
In a statement yesterday, the Malaysia External Trade Development Corporation (Matrade) said the export sales were reported by the 30 participating companies, services providers, government agencies and organisations, in the three-day event, which attracted more than 20,000 visitors.
Matrade pre-arranged 737 business meetings for Malaysian exhibitors with Cambodian importers, agents, distributors and partners during the event.
“Sales were reported for household appliances and accessories, automotive batteries, LED lighting, frozen food, grease and lubricants.
“Malaysian services providers also negotiated potential franchise businesses, 3D animation and rendering services and CCTV products,” the agency said.
Other products which generated interest were furniture for hotels, soil lab equipment, packaging material, food...
Read More 733 ViewsJune 18, 2015 , by admin2
THERE’S a global warfare in business and trade. To win it, we must constantly reinvent ways, innovate and devise strategies in order to grow an army of strong-willed and high-potential SMEs in the country.
I associate developing a pool of resilient and competitive SMEs like taking charge of an army battalion, just like my brother-in-law Brigadier General Damien commands a brigade of several battalions of combat troops.
Malaysia’s SMEs are the “Army of Honour” similar to that of Napo-leon’s, who are in many ways capable of revolutionising the country into a powerful empire of growth and prosperity.
In believing so, I find myself unequivocally in support of the G20 leaders for their strong stance and conviction in the potential of SMEs in providing the endogenous growth of the economy and shaping new growth strategies for both developed and developing nations.
Despite the many economic, social and political challenges in achieving greater harmonisation of the SME...
Read More 768 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR, Aug 1 (Bernama) — A level of confidentiality is required in Trans-Pacific Partnership Agreement (TPPA) negotiations as negotiators advancing Malaysia’s strategic interests do not want to publically disclose their bargaining positions, said the Ministry of International Trade and Industry (Miti).
In a statement today, Miti said this would ensure the best outcome during the negotiations, adding regulations and the evolving process of negotiations and rules surrounding the TPPA oblige negotiators to maintain confidentiality of the negotiating texts.
Miti said while the texts have never been made public as negotiations are on-going, the Government has and will continue to share its negotiating position with stakeholders.
Miti said consultations with various stakeholders prior to joining TPPA revealed an increasing request from Malaysian companies for more open markets and trade facilitative measures.
More Malaysian companies are becoming global investors and they... Read More
587 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR: Malaysian exports are likely to show further contraction in June as global demand remained weak and commodity prices continued to be sluggish.
A Business Times poll expects growth to contract by an annualised 6.93 per cent, while supported by a 4.48 per cent growth in the imports which will likely lead to a RM7.96 billion average trade balance.
The International Trade and Industry Ministry will release the data today.
OCBC Bank’s economist Gundy Cahyadi said recent data have clearly shown that there is a gap between the strength of export growth and that of industrial output growth.
“This indicates that domestic demand has managed to sustain its support on the overall economy fairly well.”
About 70 per cent of Malaysia’s manufacturing is still export-oriented, and thus, the economy needs stronger export growth to give it a boost.
“The recent trend in export growth where weakness is clearly the dominant theme is disconcerting, to say the least. Export...
Read More 565 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR: The Government has decided to terminate investigations on the import of newsprint in rolls from Belgium, Germany, Sweden and the United Kingdom based on Section 26(1)(e) of the Countervailing and Anti-Dumping Duties Act 1993.
The International Trade and Industry Ministry said in a statement that the termination was in the interest of the public. — Bernama
Read More 224557 ViewsJune 18, 2015 , by admin2
bahagian khusus untuk PKS, tetapi ia ada dalam TPPA, katanya ketika ditemui selepas pelancaran buku Carol Fungs Guide to Online Retailing di Kuala Lumpur semalam.Hadir sama ialah penulis buku itu, Carol Fung dan Presiden Gorgeous Geeks, Alecia Heng.
Rundingan masih berjalan
Hafsah berkata dalam TPPA, antara perkara yang menjadi tumpuan negara anggotanya termasuk Malaysia bagi PKS ialah dalam membina kapasiti komuniti perniagaan itu.
Beliau berkata, pembinaan kapasiti penting bagi memastikan PKS di rantau ini bersedia dengan sebarang cabaran apabila TPPA dilaksanakan kelak.
Hafsah juga yakin perunding Malaysia yang terbabit dalam TPPA mempunyai maklumat dan memahami kedudukan PKS di negara ini dan akan memastikan kepentingan komuniti berkenaan terjamin dalam rundingan itu.
Proses rundingan TPPA masih berjalan dan ia belum dimuktamadkan lagi. Kami akan pastikan kedudukan PKS tidak akan diketepikan dalam rundingan ini. katanya.
TPPA adalah inisiatif untuk membentuk sebuah...
Read More 557 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR, Aug 2 (Bernama) — The concerns of the small and medium enterprises (SMEs) will be taken into account once the Trans-Pacific Partnership Agreement (TPPA) is implemented.SME Corp Chief Executive Officer, Datuk Hafsah Hashim, said the TPP, now being negotiated by 12 countries, will take the Malaysian SMEs on board first.
“There is a chapter on SMEs whereby the negotiators will talk about capacity-building programmes to be built into into it (agreement) to ensure SMEs of participating countries will be ready when TPP comes into effect,” she said.
Hafsah said this at a media briefing after the launch of Carol Fung’s book, ‘Guide to the Business of Online Retailing’, here Friday.
She said SMEs should not worry as the government will make sure that the domestic and local companies’ concerns were taken on board.
On whether local companies were adequately prepared for the TPP, she said by 2015, the whole of Asean will be going for zero-tariff trade and...
Read More 590 ViewsJune 18, 2015 , by admin2
KUALA LUMPUR, 15 Ogos (Bernama) — Malaysia tidak akan terikat dengan sebarang tempoh masa yang ditetapkan berkaitan dengan Perjanjian Perkongsian Trans-Pasifik (TPPA).
Pada satu mesyuarat khas yang diadakan Khamis, Kabinet mengambil pendirian ini kerana sejumlah besar isu, termasuk perusahaan milik negeri (SOE) atau syarikat berkaitan kerajaan, buruh dan Hak Harta Intelektual (IPR), masih belum diselesaikan.
Kementerian Perdagangan Antarabangsa dan Industri (Miti) berkata dalam satu kenyataan, ia memaklumkan Kabinet bahawa perbincangan dengan semua pemegang kepentingan akan dipertingkatkan lagi sebelum memuktamadkan perundingan TPPA.
Miti ketika ini sedang berbincang dengan pelbagai pemegang kepentingan tentang format dan rangka kerja rundingan seterusnya.
Kabinet sangat menyokong ketelusan yang lebih tinggi dalam proses rundingan itu.
Mesyuarat itu merupakan sebahagian daripada proses berterusan Miti untuk memaklumkan perkembangan terkini dan mendapatkan mandat baharu...
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