Business

Government has put only RM1mil in 1MDB
Thursday, January 22, 2015

KUALA LUMPUR – January 22, 2015: Many people do not realise that the government's commitment for its wholly-owned strategic development company 1Malaysia Development Bhd (1MDB) was only RM1 million in terms of shares, but today it has assets worth RM50 billion.Speaking at TV3's programme 'Soal Jawab' last night, Prime Minister Datuk Seri Najib Razak said although it was true that the company has substantial debts, its assets were far better than liabilities....

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Unemployment rate in M'sia not alarming
Tuesday, January 20, 2015

KUALA LUMPUR – January 21, 2015: The unemployment rate in Malaysia is not expected to show a big difference in the next few years despite the United Nation’s warning of growing inequality and joblessness in the world by 2019.  Department of Statistics manpower and social statistics division director Riyanti Saari...

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MAS using paperless system at KLIA
Wednesday, January 21, 2015

SEPANG -- January 21, 2015: Effective the beginning of the year, Malaysia Airlines has been using the Softcopy General Declaration (GD) system at the Kuala Lumpur International Airport in collaboration with the Immigration Department.
 
To streamline the process, Malaysia Airports Holdings Berhad (MAHB) has provided the infrastructure to support and instal immigration crew counters at KLIA with the system to move towards a paperless solution, MAS said in a statement....

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Tok Pa: "Irresponsible to say economy in crisis"
Wednesday, January 21, 2015

DAVOS (Switzerland) -- January 21, 2015: The claim by the opposition that the Malaysian economy is in crisis is absurd and irresponsible, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.He said the baseless accusation made by the opposition, which compared the country's current economic situation to the likes of the 1997/1998 economic financial crisis, was not based on facts and in-depth research....

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MASkargo to use cloud system
Tuesday, January 20, 2015

KUALA LUMPUR -- January 20, 2015: Malaysia Airlines Kargo (MASkargo) will use the cloud-based Unisys Logistics Management System (LMS) from Unisys Corporation to manage its domestic and international cargo services.
 
In a statement today, Unisys said under the contract with Malaysian Airline System, Unisys will replace MASkargo's current in-house mainframe-based system with the LMS service....

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Malaysia to strengthen economic resilience
Tuesday, January 20, 2015

PUTRAJAYA -- January 20, 2015: The government today announced a number of proactive measures to ensure its growth, development and deficit ambitions remain on track in responding to changes in the global economic landscape.   In a special address, Prime Minister Datuk Seri Najib...

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RCEP negotiations face many challenges
Friday, January 16, 2015

NEW DELHI -- January 16, 2015: Malaysia is hopeful that negotiations for the Regional Comprehensive Economic Partnership (RCEP) can be concluded by year-end, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said."It is a crucial year for Malaysia as we hold the chairmanship of Asean in 2015 and our target is to conclude the RCEP negotiations," he said....

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Bumiputera entrepreneurs to get $78 million
Tuesday, January 13, 2015

PUTRAJAYA – January 13, 2015: Prime Minister Datuk Seri Najib Razak today announced a RM78-million allocation from the Bumiputera Economic Council (MEB) to strengthen Bumiputera entrepreneurs and their economic agenda. Of the total, RM50 million will go to Yayasan Waqaf Malaysia to spur its economic enhancement programmes and to cultivate waqaf culture for four years beginning this year....

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FGV suffers RM22mil loss in floods
Wednesday, January 14, 2015

MARAN – January 14, 2015: Felda Global Ventures Holdings Berhad (FGV) suffered a loss of about RM22 million after more than 1,400 hectares of its oil palm plantations were inundated by floods during the recent disaster.Its chairman Tan Sri Mohd Isa Abd Samad said the loss was due to the fact that much of the palm oil fruits could not be taken out in time, causing them to be submerged in the flood waters and affecting the quality....

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Discounts from MAS
Tuesday, January 13, 2015

KUALA LUMPUR -- January 13, 2015: Malaysia Airlines (MAS) is offering low all-inclusive return tickets to London, Paris or Istanbul at RM2,499 as well as to Sydney or Melbourne at RM1,450 for travel from Jan 17 or March 1 until November 30 this year.
 
The sale, which runs from tomorrow until January 24, will enable travellers to plan their travel for the entire...

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