Only 11 of the 26,820 Ninth Malaysia Plan (9MP) development projects nationwide have yet to begin and will be implemented under the 10th Malaysia Plan (2011-2015), the Dewan Rakyat was told. PM Datuk Seri Najib Tun Razak said that the 11 projects had an allocation ceiling of RM82.0m, 16,334 projects were in various stages of implementation with an allocation ceiling of RM193.9bn and that 10,482 projects with an allocation ceiling of RM36.0bn had been completed, taking the total allocation ceiling for projects under the ninth plan to RM230.0bn. (Bernama)
Sabah received another 1,000 tonnes of sugar starting this month to overcome shortage. Community Development and Consumers Affairs Minister Datuk Azizah Mohd Dun said the shortage was due to a 13% drop in supply as two suppliers had stopped buying from the peninsula. (Bernama)
State-owned pension fund Employees Provident Fund (EPF) will increase its overseas investments to improve returns and sustain its dividend rate. Chairman Tan Sri Samsudin Osman said the fund already has the nod to invest in global bonds. In fact, it can invest more than US$10bn (RM31.9bn) in stocks and bonds outside Malaysia. "This is indeed a very sizable amount, making up approximately 10% of our total fund of RM380bn as at end-February this year," he said. (NST)
Domestic Trade, Co-operatives and Consumerism Minister Datuk Ismail Sabri Yaakob said that the proposed Competition Act 2010 would be implemented by the middle or end of 2011. (The Star)
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