Aug 16, 2016 - KOTA BAHARU, (Bernama) -- Small and Medium Enterprises (SMEs) have been urged to export their products to international markets including ASEAN countries. Making the call, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said his ministry was organising programmes to enable SMEs to export their products. "These programmes include GenEX 2016 (Generation of New Exporters) which aims to encourage young SME entrepreneurs to export their products," Mustapa told ...
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Aug 12, 2016 - KUALA LUMPUR: Some RM30bil worth of investments into Malaysia’s manufacturing sector will be approved by the end of this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. “We are targeting to achieve this throughout the second half of this year. We are still seeing a steady flow of foreign direct investment (FDI) into the sector, which should be finalised and approved by the end of the year,” he told reporters on the sidelines of the Affin Hwang ...
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Aug 11, 2016 - At a business seminar attended by government and private sector representatives from both countries, the Cambodian Chamber of Commerce (CCC) signed a memorandum of understanding (MoU) with Malaysia External Trade Development Corporation (MATRADE), Malaysia’s national trade promotion agency. The agreement covers areas of cooperation, such as information exchange, trade promotion activities, business missions, experience sharing, and capacity building between the two countries. CCC ...
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Aug 09, 2016 - KUALA LUMPUR, Aug 8 (Bernama) -- The Malaysia-Cambodia economic partnership must be further expanded to cover new key areas such as the halal industry, utilities, infrastructure and road development, says International Trade and Industry Datuk Seri Mustapa Mohamed. He said the two countries should also collaborate in the renewable energy sector and high-value services. "Malaysia and Cambodia have already had a close relationship and they need to continue to build upon this strong ...
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Aug 05, 2016 - KUALA LUMPUR: Asean needs to accelerate its pace of work to fully implement trade facilitation in particular and give priority to efforts to reduce and eliminate non-tariff barriers (NTBs). Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, who is on a working trip to Laos, said with tariffs on substantially all products currently at zero within the region, the Asean Economic Ministers (AEM) are now giving high priority to NTBs. “There is the need to accelerate the ...
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Aug 04, 2016 - KUALA LUMPUR (Aug 3): The Ministry of International Trade and Industry (MITI) said Malaysian companies need to expand their presence in Laos to take advantage of the huge potential in the country. “Malaysian companies have been playing an important role in the economic and social development of Laos,” its minister Datuk Seri Mustapa Mohamed said in a media release today. This year, Laos or Lao People’s Democratic Republic (Lao PDR), assumes chairmanship of ASEAN. Since joining ...
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Aug 02, 2016 - Another Quality Investment for Malaysia, says MIDA CEO JOHOR BAHRU, Aug 1 (Bernama) -- SEW-Eurodrive Sdn Bhd, a local subsidiary of the SEW-Eurodrive Group is expanding its operations in Malaysia with a new Drive Technology Centre in Frontier Industrial Park’s “Frontier 2”, Ulu Tiram.   The new facility which will house the Assembly, Sales, Service and Training functions all under one roof was officiated by Malaysian Investment Development Authority’s (MIDA) ...
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Aug 01, 2016 - KUALA LUMPUR, July 30 (Bernama) -- International Trade and Industry Minister Mustapa Mohamed is leading the Malaysian delegation to the 48th ASEAN Economic Ministers' Meeting and Related Meetings in Vientiane, Laos from Aug 2-6. A statement from the Minister's office said the meeting would discuss a wide range of areas related to the broadening and deepening of economic integration within the region and engagements with dialogue partners. The key topics include a review of ASEAN's ...
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Jul 26, 2016 - KUALA LUMPUR, July 24 (Bernama) --The Malaysia External Trade Development Corporation (Matrade) today organised a Business Forum for the Indian Diaspora in an effort to promote Malaysia as a trade and investment partner. It was attended by over 400 participants comprising prominent international industrialists and investors from the textile, manufacturing, tourism, agriculture and information technology sectors, said Matrade in a statement here today. The forum was held in conjunction with the ...
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Jun 29, 2016 - KUALA LUMPUR: The Ministry of International Trade and Industry (MITI) will streamline its investment promotion agencies (IPAs), making  them more focused on their objective of attracting investments. Minister Datuk Seri Mustapa Mohamed said apart from the Malaysian Investment Development Authority (MIDA) as the leader in attracting investments to Malaysia, there are also IPAs for economic corridors such as the Sarawak Corridor of Renewable Energy (SCORE), East Coast Economic Region (ECER), ...
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Jun 28, 2016 - KUALA LUMPUR: Standard Chartered Bank (StanChart) will invest some US$30mil (RM123.3mil) over the next three years to support its global technology and operation hub under wholly owned subsidiary Scope International (M) Sdn Bhd. StanChart Scope International chief executive officer Matthew Norris said this was part of the US$3bil (RM12.3bil) the bank planned to invest to focus on strengthening its technology, retail banking, private banking, wealth management and improving the bank’s ...
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Jun 28, 2016 - Datuk Dzulkifli MahmudKUALA LUMPUR, June 27 (Bernama) -- Malaysia expects to maintain its total trade with Turkey this year, despite the global economic uncertainty coupled with the geopolitical issue plaguing Turkey recently, said the Malaysia External Trade Development Corporation. Chief Executive Officer Datuk Dzulkifli Mahmud said last year, Malaysia's total trade with Turkey amounted to RM5.65 billion while exports to that country were valued at RM3.80 billion with imports at RM1.85 ...
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Jun 17, 2016 - KUALA LUMPUR: Malaysia'a labour productivity grew by 3.3 percent to RM74,538 per labour hour last year from RM73,091 in 2014, and has the potential to achieve growth of 3.7 percent in the next five years as targeted under the 11th Malaysia Plan. International Trade and Industry Minister, Datuk Seri Mustapa Mohamed said the optimism is based on strong industry productivity growth recorded in several key sectors such as manufacturing, construction and services. ...
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Jun 14, 2016 - KUALA LUMPUR, June 13 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) plans to organise 150 foreign trade missions this year, including 85 for export promotion and 65 for export development, the Dewan Negara heard today. "These two programmes focus among others on the food and beverage, oil and gas, medical devices as well as construction and professional services sectors," International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today in ...
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Jun 14, 2016 -   PUTRAJAYA, June 13 (Bernama) -- The National Export Council (NEC) has formulated several initiatives to promote public-private partnerships in the quest to drive Malaysia's export growth, including through a global campaign. The initiatives were presented at the NEC meeting chaired by Prime Minister Datuk Seri Najib Tun Razak here today. The Malaysia External Trade Development Corporation (MATRADE) said the programme would entail promoting Malaysia's capabilities in areas such as ...
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Jun 07, 2016 - The Star Outstanding Business Awards (SOBA) 2016 is now open for submissions. In its seventh year, SOBA is looking for companies par excellence who are able to inspire and spur the industry to further growth. “The awards was created not only to recognise and reward companies for their outstanding efforts and achievements but also to help them grow, soar to greater heights and make a name for themselves. “For some of our winners, these objectives have been met while for others, we ...
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Jun 07, 2016 - KUALA LUMPUR (Bernama) – Southeast Asian member states must come together as a single entity to face up to the challenges of the Fourth Industrial Revolution that includes embracing the Internet, digitalisation and robotic technology comprehensively if they want to fully enjoy the fruit of global economic growth. Given the uneven distribution of economic prosperity in Asean, revolutionising the way its people of more than 600 million are educated is an important ingredient to enable it to ...
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May 25, 2016 - KUALA LUMPUR: Two chapters of the Regional Comprehensive Economic Cooperation (RCEP) agreement text will likely be concluded in the next round of negotiations in Auckland in June said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Economic and technical cooperation chapters will be the first two chapters to be concluded during the 13th round of negotiations, ahead of plans to seal the deal by year-end. "Negotiations on consolidated text are being expedited,"he ...
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May 25, 2016 - SANTIAGO, May 24 (Bernama) -- Trade and investment ties between Malaysia and Chile are set to be further enhanced with the start of a "Seminar on Business Opportunities with Malaysia" here today. Organised by the Malaysian External Trade and Development Cooperation (Matrade),the seminar which showcases Malaysian products and services, has received an overwhelming response from the business community here with 150 participants. Sharing Malaysia's success in managing its economy, ...
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May 20, 2016 - LIMA, May 19 (Bernama) -- Minister of International Trade and Industry Datuk Seri Mustapa Mohamed is confident that the implementation of the Trans-Pacific Partnership (TPP) Agreement will drive two-way trade between Malaysia and Peru. He said this is becasue Peru was among the 12 countries, including Malaysia, which signed the TPP Agreement on Feb 4, 2016 in New Zealand. Mustapa, who signed the biggest global free trade agreement of the 21st Century on behalf of Malaysia, said towards this ...
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May 18, 2016 - KUALA LUMPUR: Malaysia’s total exports are expected to improve in the second half of 2016, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. “Ups and downs are normal, we normally look at the longer term, of course the monthly number is important but we should look at quarterly and half-yearly (figures),” he told reporters after giving out Productivity Champions certificates to 20 individuals and institutions. The certificate, issued by the Malaysia ...
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May 18, 2016 - KULIM, May 13 (Bernama) -- Kulim Hi-Tech Park (KHTP) is set to open its fifth phase following an overwhelming response from investors who are keen to establish operations on the 1,700-hectare industrial zone. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the industrial park was now in its four phase of development. "Its surroundings are also developing rapidly with more than 600,000 houses built so far," he told reporters after launching Infineon ...
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Apr 27, 2016 - PENANG, April 26 (Bernama) -- "For the Malaysian E&E industry to be more competitive, local industry players have no option but to upgrade their facilities and embrace automation and smart manufacturing such as the Internet of Things (IoT). Return on investments (ROI) in automation may not be apparent in the short term but, in the long term, companies will enjoy greater performance on efficiencies, improved quality products and reduced dependencies on unskilled labour. To better ...
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Apr 25, 2016 - KUCHING, April 24 (Bernama) -- International Trade and Industry (Miti) Minister Datuk Seri Mustapa Mohamed today urged Sarawak's small and medium enterprises (SMEs) and micro businesses to venture overseas and enlarge their markets through cross-border trade. "In business, you cannot be afraid to venture into new markets. We want companies to have big ambitions, a global mindset and not be afraid to go international," he told the Sarawak business community at the "Hari ...
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Apr 22, 2016 - PUTRAJAYA, April 21 (Bernama) -- A total of 400 Bumiputera small and medium enterprises (SMEs) will be groomed to become exporters by 2020 under Bumiputera Export Promotion Programme, says Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the government remained committed to ensuring a continued capacity building among Bumiputera entrepreneurs and manufacturers so that they could compete abroad. The programme would be carried out in collaboration by SME Corp ...
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Apr 19, 2016 - JOHOR BAHRU, April 17 (Bernama) -- Close collaboration between agencies of the federal government and the Johor state government has helped create almost 88,000 jobs in the state over the last five years.    "Many of these are high-skilled, knowledge-intensive jobs -- exactly the kind of employment opportunities that can help us achieve our aspiration to become a high-income nation by 2020," said International Trade and Industry Minister Dato' Sri Mustapa Mohamed. ...
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Apr 14, 2016 - KUCHING, April 13 (Bernama)-- Sarawak's capital investments surged to RM11.8 billion last year from RM8.4 billion in 2014 and RM6.8 billion in 2013, Deputy International Trade and Industry Minister Datuk Ahmad Maslan said. He said the Malaysian Investment Development Authority projected the state's capital investments this year's to surpass last year's figure. "I hope Sarawak will attract more high-technology (projects) with high-impact investments," he told reporters ...
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Apr 13, 2016 - KUALA LUMPUR, April 12 (Bernama) -- Malaysia has been a major beneficiary of globalisation, despite major challenges to the nation, says Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. Citing the Asean Economic Community (AEC) which was established in 2015, he said the regional economic integration agenda could help Malaysia move up the value chain with good production and corporation among small and medium enterprises. "The world is getting smaller, that is why ...
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Apr 05, 2016 - KUALA LUMPUR, April 4 (Bernama) -- The Malaysian halal industry can be lifted to a higher level based on the positive response received from trade buyers and conference participants at the just concluded World Halal Week 2016. The event was hosted by the Ministry of International Trade and Industry (Miti) with the Malaysia International Halal Showcase (Mihas) being part of it. Malaysia External Trade Development Corporation (Matrade) Chief Executive Officer Datuk Dzulkifli Mahmud said Mihas, in ...
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Mar 31, 2016 - KUALA LUMPUR, March 30 (Bernama) -- Malaysia's export of halal products has been growing steadily by between RM4 billion and RM5 billion per annum, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the export in 2015 was RM39 billion against RM35 billion in 2014, a significant increase from RM24 billion in 2011. "There has been a steady increase since 2011 and the annual growth of between RM4 billion and RM5 billion is what the government expects. ...
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Mar 25, 2016 - By Massita Ahmad Bernama's correspondent in Singapore, Massita Ahmad, shared her experiences of life in the Republic. This is her observations during the two-day working visit by the Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed to Singapore. SINGAPORE (Bernama) -- Fifteen years as an Economic Desk reporter at Bernama gave me a number of opportunities to cover the Trade and Investment Mission organised by the Ministry of International Trade and Industry (MITI) ...
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Mar 21, 2016 - By Mohd Haikal Mohd Isa BANGKOK, March 20 (Bernama) -- Malaysian companies have been urged to take advantage of the the burgeoning Malaysia-Thailand border trade, said trade promotion agency, Malaysia External Trade Development Corp (Matrade). Its Trade Commissioner to Thailand, Niqman Rafaee M. Sahar, said Malaysian companies could capitalise on the active border trade activities to penetrate the larger Thai market. "About 60 per cent of our (Malaysia-Thailand) trade came from the border ...
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Mar 09, 2016 - KUALA LUMPUR, March 8 (Bernama) -- SME Bank expects to meet its lending target of RM200 million for small and medium enterprises (SMEs) this year through a series of outreach programmes under XCESS 2016. Its Group Managing Director, Datuk Mohd Radzif Mohd Yunus, said XCESS 2016 was part of the bank's outreach programmes the bank undertook every year to reach SME entrepreneurs directly and it has scheduled to have smaller scale outreach programmes throughout the country. The next venue would ...
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Mar 03, 2016 - By Mohd Haikal Mohd Isa BANGKOK, March 2 (Bernama) -- Many Thai companies in Malaysia are keen to increase their investments and expand their operations in the country, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed. Mustapa, who met senior management teams from five Thai companies with operations in Malaysia, said they wanted to boost investments in the country. The companies are Berli Juncker pcl, Tipco Asphalt plc, Thai Beverage plc, Charoen Pokphand Foods pcl ...
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Mar 02, 2016 - KUALA LUMPUR, March 1 (Bernama) -- Exports of processed food are expected to grow further this year given the continuous promotional efforts in place, says Malaysia External Trade Corporation (MATRADE) Chief Executive Officer Datuk Dzulkifli Mahmud. Processed food exports grew 8.8 per cent to RM18.02 billion in 2015, mainly attributed to exports of edible products and preparations, cocoa and cocoa preparations, cereals and flour. Besides the conventional method of expanding footprints, ...
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Feb 25, 2016 - KUALA LUMPUR, Feb 24 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak is confident that the new Ministry of International Trade and Industry's (MITI) building here will provide an added attraction for multinational companies to invest in the country. "This new building, worth RM342 million, with 31 floors and covers an area of ??three hectares (7.43 acres) will give a very positive impression on CEOs of multinational companies during their visit here," he said. Najib said ...
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Feb 23, 2016 - KUALA LUMPUR, Feb 22 (Bernama) -- The Malaysian aerospace industry attracted approved investments of about RM4 billion in 2015, said International Trade and Industry Minister, Datuk Seri Mustapa Mohamed. He said the amount is half the total approved investments of RM8.7 billion recorded for the sector between 2011 and 2015. "We have developed a strong local supply chain, that comprises both global and local industry players. "Malaysia is at present home to 34 companies involved in ...
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Feb 19, 2016 - Malaysia’s export value for Halal cosmetics and personal care as of third quarter of 2015 topped RM1.7billion, reflecting 5.5 % of Total Halal Exports (RM31.1billion). This is but a fraction of a wider global Halal market waiting to be reaped. Industry players, manufacturers, ingredient suppliers, and entrepreneurs with a focus and penchant for Halal cosmetics and personal care products were today encouraged at the Halal Cosmetics and Personal Care: In Trend conference to explore ...
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Feb 16, 2016 - Session1 Forum Speakers (from left) P. Kandiah (KASS International), Zakaria Jusoh(MGV Ind), Oii Siong Hwa (TSSB), moderator Mikhail Raj Abdullah (BERNAMA), Noor Neelofa and Noor Nabila (NH Prima I'ntl). By Mohd Azhar Ibrahim KUALA LUMPUR, 10 Feb (Bernama) --The MATRADE Export Day 2016 held recently attracted an enthusiastic crowd of 1000 participants comprising SME entrepreneurs, representatives from financial institutions and business graduates. Carrying the theme 'Go The Extra ...
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Feb 03, 2016 - KUALA LUMPUR, Feb 2 (Bernama) -- Malaysia is looking to expand its halal market to the Trans-Pacific Partnership (TPP) countries including Australia and New Zealand. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia had been working closely with the two countries as they were familiar with Malaysia's halal agenda. "We are looking for markets in some of these (TPP) countries. For example, in the United States and Canada, where the Muslim population is ...
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