Tag Archives: business facilitation
Asean countries are on track for progressive liberalisation of trade within the region, covering 128 sub-sectors via the Asean Framework Agreement on Services (AFAS).
The liberalisation will boost the services sector’s contribution to the region’s gross domestic product (GDP) from the current 40% to 50%, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said AFAS will be a platform for services providers to take advantage of the market openings as well as to benefit from new ideas and processes arising out of the opening of the services sector.
Efforts has been put into concluding the AFAS 10th package by year-end to provide wider and better opportunities for members in tapping the benefits of the services sector,” he said in his opening address at the inaugural Asean Service Provider Confederation (ASPC) meeting yesterday.
His speech was read by Malaysia External Trade Development Corp (Matrade) CEO Datuk Dzulkifli Mahmud. Last year, Asean... Read More
The Government will continue to address business related issues in an expeditious manner. The Government, through PEMUDAH, is currently implementing many new measures to further facilitate business in Malaysia, including:
• establishment of the Kuala Lumpur Commercial Court by end 2009 to speed up resolution of commercial disputes;
• implementation of MyCoID, a standardised identification number to be adopted for companies dealing with all Government agencies;
• preparing a ‘Guidebook on Industrial Relations’ to provide guidelines on hiring and firing of workers; and
• compiling an ‘Asset Search Directory’ that contains organisations and agencies that assist in identifying and tracing company assets to facilitate closing businesses.
Malaysia’s reform initiatives have resulted in improvements in the public service delivery system. These improvements are reflected in the World Bank’s ‘Ease of Doing Business Index’ where Malaysia moved from 24th place in 2008... Read More
Starting next year, MITI will put more emphasis on the performance of entrepreneurs nationwide. This is to be done consistently through-out the year and MITI, through its agencies, will conduct a series of Business Clinics for consultation with the entrepreneurs.
The message was delivered by YB Minister Dato’ Sri Mustapa Mohamed during the launching of the Negeri Sembilan Entrepreneurship Carnival held on 5 December 2009, in Jelebu, Negeri Sembilan. Some 100 entrepreneurs participated in the 2-day event. Read More
Nearly two thirds of GDP by 2015 will be services. The new economic model for Malaysia places emphasis on raising the productivity level of workers to help them earn higher incomes as well as raising the country’s income status as a whole from middle to high.
When the new economic model is unveiled, necessary changes and realignment to policies and strategies outlined in the IMP3 will have to be made. These include changes to macro-frameworks and to inject the elements of innovation and creativity into the development strategies.
The target has been set; the contribution of the services sector is to increase to 60 per cent of the GDP by 2015.
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YB Minister presents his Keynote Address at the National Domestic Investments Dialogue & Seminar organised by MIDA and SME Corp. at Berjaya Times Square, Kuala Lumpur. The Dialogue & Seminar was well received with participants coming from all over the country. Read More
Majlis MINI Showcase Groom Big ini adalah bertujuan untuk memberi pendedahan kepada orang ramai dan usahawan mengenai program Groom Big yang dilaksanakan oleh MITI dalam menggalakkan pembangunan usahawan yang berkualiti dan berdaya saing dalam sektor pembuatan dan perkhidmatan di peringkat domestic dan global.
Program ini yang bermula sejak 2005 bagi industri makanan dan minuman telah memberikan banyak manfaat kepada usahawan tempatan. Sehingga Februari 2010, sebanyak 1,500 permohonan telah diterima dari seluruh negara dan daripada jumlah itu, 819 syarikat telah diberikan khidmat perundingan yang melibatkan 1,093 projek.
Bagi industri kosmetik dan herba, seramai 70 usahawan telah diberikan khidmat perundingan, manakala seramai 15 usahawan dibangunkan dalam industry seramik dan kaca. Read More
YB Dato’ Sri Mustapa Mohamed stressed the pivotal role of MITI in realising the Government’s aspiration to shift the nation towards high-income, knowledge-based economy at MITI’s monthly assembly today. Also present were YB Dato’ Jacob Dungau Sagan, Deputy Minister (Industry) and Y.Bhg. Tan Sri Abdul Rahman Mamat, Secretary General of MITI.
He said that MITI, being the Ministry in-charge of the development of the manufacturing and services sectors, is responsible for at least 80% of the country’s Gross Domestic Product (GDP). “The GDP comprises 30% output from manufacturing and 50% services; therefore 80% of the GDP depends on the efficiency of MITI and agencies’ personnel in carrying out their duties and formulating the right policies for industry and trade to grow” said the Minister.
YB Dato’ Sri Mustapa also stressed the importance of MITI officers acquiring the necessary knowledge and skills, including writing, communication and negotiation; in order... Read More
The other company, S.E.H (Shah Alam) Sdn. Bhd., a Japanese company with local participation, manufactures silicon polished wafers – one of the only four major producers of the product in the world. Since its inception in 1973, the company has invested RM2.8 billion in this business.
Going down to the ground to get first-hand feedback is imperative in the formulation of policies and creation of conducive environment for industries to expand. The issue of natural gas supply, foreign labour policy and shortage of talents in the middle management level were some of the concerns highlighted during my visit. It is my priority now to review the current policies pertaining to investment to ensure Malaysia remains on investors’ radar.
I led a delegation to Malaysian Steel Works (KL) Berhad, MASTEEL, in Bukit Raja, Klang on 14 April 2010. Also in the delegation to the steel plant was the Secretary General of MITI, Y.Bhg.Tan Sri Abdul Rahman Mamat. On hand to receive us at the factory, was the Managing Director cum Chief Executive officer of MASTEEL, Y.Bhg. Dato’ Seri Tai Hean Leng.
The company which produces billets and steel bars at an annual capacity of 450,000mt, exports its products to ASEAN, Bangladesh and Australia. Currently occupying 20 acres out of 200 acres of land acquired from Perbadanan Kemajuan Negeri Selangor (PKNS), MASTEEL is planning to diversify its production and invest RM300 million in wire rod and wire mesh manufacturing.
While exchanging views on the outlook of the iron and steel industry, I was delighted to note that the conducive domestic business environment has encouraged the company to expand its operations domestically.
Well done, MASTEEL !
Tags: business... Read More