International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the funding was to help the companies purchase equipment and to expand their operations. Speaking at a briefing after visiting QAV and AMD plants in Bayan Lepas, he said QAV received RM18.5mil, with AMD getting the remainder. QAV Technologies provides testing and certification services to light-emitting diodes (LED) and solid state lighting (SSL) producers while AMD is a global leader in manufacturing micro-processors. Mustapa said local SSL and LED companies had contributed significantly to the growth of the electrical and electronics sector. “As of December 2014, 10 local LED companies have achieved significant increase in combined sales, amounting to RM88.7mil. Twenty-six products have been certified internationally, with market access to 13 countries,” he said. Earlier at Kulim Hi-Tech Park (KHTP), Kedah Mentri Besar Datuk Seri Mukhriz Mahathir said the first phase of the proposed international... Read More

The prime minister said the two elements must be given the highest priority in running the organisation as it is the key to success in today’s intensely competitive economic environment. “Every year, a number of international organisations such as the World Bank, the World Economic Forum (WEF) and the Swiss Institute of Management Development publish global competitiveness reports, in which they compare the ability of nations to compete in the international market. “I am proud to say that all these three organisations have issued reports showing that the efforts that we have been making to improve our competitiveness have been effective,” he said at the Anugerah Kecemerlangan Industri (AKI) 2014 here, today. He said all these improvements would not have been possible without the initiatives undertaken through the government transformation programme (GTP) and the economic transformation programme (ETP), along with the public and private sector collaboration through the... Read More

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MELAKA 8 April – Melaka melonjak ke kedudukan ketujuh tertinggi ba­gi jumlah pelaburan diluluskan dalam sektor pembuatan pada tahun lalu berbanding ke-10 pada 2013. Menteri Perdagangan Antara­bangsa dan Industri, Datuk Seri Mus­tapa Mohamed berkata, se­banyak RM4.44 bilion jumlah pelaburan telah diluluskan oleh Lembaga Kemajuan Perindustrian Malaysia (MIDA) di negeri ini tahun lalu. Menurutnya, pelaburan berke­naan termasuklah dalam sektor pengangkutan (RM3.32 bilion), pro­duk elektrik dan elektronik (RM880 juta), penerbitan dan percetakan (RM160 juta), perabot dan perkakasan (RM40 juta) dan pembuatan makanan (RM40 juta). “Jumlah pelaburan berkenaan ju­ga merupakan yang tertinggi per­nah dicatatkan di negeri ini malah ia yakin dapat terus ditingkatkan pada masa akan datang,” katanya. Beliau berkata demikian ketika ditemui pemberita sempena pro­gram Turun Padang ke Melaka di Seri Negeri, Ayer Keroh, di sini hari ini. Yang hadir sama Ketua Menteri, Datuk Seri... Read More

KUALA LUMPUR: Shell Refining Company (Federation of Malaya) Bhd will make a decision on its refinery in Port Dickson by end-June, said Shell Malaysia Ltd (SML) chairman Iain Lo. Lo is also chairman of Shell Refining Co. “The decision has not been made yet whether it is a sale or conversion, I believe we will try to make a decision and bring it to shareholders at the AGM at the end of June,” he told reporters at the officiating ceremony of Menara Shell yesterday. Lo said the board of Shell Refining Co is proactively investigating long-term options including potential sale of the refinery assets and conversion of operations to a storage terminal. “Shell Refining Co is a business that’s very, very challenging, we’ve had losses the last four years now. So the board has decided that something has to be done about it. Clearly, operating as a refinery, as a going concern, we see it as quite a challenge because the refining environment globally is very challenging. Refining... Read More

KUALA LUMPUR: Malaysia is still an attractive investment destination amid slumping oil prices and volatility of the ringgit. Ministry of International Trade and Industry (Miti) Secretary-General Datuk Dr Rebecca Sta Maria said foreign investors still viewed Malaysia as an investment destination of choice due to its conducive business environment. She said when an investors decided to locate their business in Malaysia, it was not just about the oil prices or the ringgit value, but also the business environment. It is about how easy it is to do a business here, how is the bureaucracy. If you can put that in place and make it easy (for them) to do business, it (falling oil prices and ringgit value) will not be an issue,” she told reporter after the opening of Shell Malaysia new office, Menara Shell, here yesterday. Commenting on Miti’s briefing on investment in Melaka on Wednesday, she said many foreign investors had shown interest to expand their businesses in Malaysia due to... Read More