The cabinet will finalise the sectors for the National Key Economic Areas (NKEA) by end- May and kicksoff with the laboratories for the various sectors in June, said Minister in the Prime Minister’s Department Datuk Seri Idris Jala. The cabinet would likely give the green light for sectors involving oil and gas, financial services, wholesale and retail, oil palm and tourism. (Financial Daily)
Governor Tan Sri Dr Zeti Akhtar Aziz said Bank Negara Malaysia (BNM) is in the final stage of coming out with instruments to facilitate cross-border management of liquidity by Islamic financial institutions. Zeti said BNM was also expected to issue new banking licences (2 for Islamic banking and 5 for conventional banking) next month. (Bernama)
Strong positive signals are beginning to be received from Middle-East countries to invest in Malaysia, said PM Datuk Seri Najib Tun Razak. "I have got more investment signals from the Middle-East that I will announce from time to time," he noted. (Bernama)
Malaysia slipped two positions to No. 30 with a score of 4.71 in the Global Enabling Trade Report 2010 released by the World Economic Forum. Singapore (No. 1) and Hong Kong continued to occupy the top two rankings. The Enabling Trade Index covering 125 economies worldwide measures institutions, policies and services facilitating the free flow goods over borders and to destination. (Financial Daily)
The government plans to increase the levy on foreign workers according to the job sectors from early next year in a bid to reduce the country's dependence on foreign labour. DPM Tan Sri Muhyiddin Yassin said the levy would defer according to the foreign workers' skills level and the number of workers in a sector. (Bernama)
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