The Malaysian Industrial Development Authority (MIDA) is encouraging German companies to enter the machinery and equipment, and renewable energy sectors in Malaysia. "The oil and gas industry is quite advanced here and there are many openings. In addition, the renewable energy sector is another important platform that has room for investment as Malaysia is accelerating efforts and initiatives in this sector,” said MIDA director-general and chief executive officer Datuk Jalilah Baba. (Bernama)
Germany expects its trade with Malaysia to increase by 5.0% with more interest in the renewable energy and green technology industries, said German ambassador to Malaysia Dr Gunter Gruber. "We foresee more business activities taking place in green technology and renewable energy industries as the interest among industry players is increasing," he said. (Bernama)
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is optimistic the government's target of 6.0% economic growth this year will be achieved on the back of global recovery, improvements in local sales and overseas orders. "The government needs to open up more land for mining tin, iron ore and coal because these are the rich resources," its president, Tan Sri William Cheng Heng Jem said. (Bernama)
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)’s survey on the economic situation for 2H09, which involved 310 respondents, found that most of the respondents were more confident and optimistic of the future of the economy and businesses outlook for this year and next year. About 75% of them said they would be able to maintain or achieve export sales and local orders in 1H10. While13% of the respondents planned to increase their investments in new resources/plants during 1H10. More than half of the respondents said that the good and services tax (GST) would bring negative impact to their businesses. (Bernama)
Malaysian Employers Federation (MEF), the country's premier employers organization, proposed that the Employees Provident Fund (EPF) be revamped into a pension scheme for private sector workers. Its executive director, Shamsuddin Bardan, said a separate pension scheme for this category of workers would merely be a duplication of the EPF. It would be unfair and costly for the private sector employers to be imposed with compulsory contributions to the EPF and also the proposed pension scheme. (Bernama)
Deputy International Trade and Industry Minister, Datuk Mukhriz Tun Mahathir said that the tenacity of local workers is not at par with foreign workers from neighbouring countries. "This was a loss for the industry member after having given them the training. Their salaries had been considered but even that was not enough for them to stay on the job," he added. (Bernama)
The government is poised to attract more foreign direct investment (FDIs) when higher skills and productivity set In through the New Economic Model (NEM). “This is our wakeup call. With stiff competition for FDIs from our neighbours and the world’s focus on the larger Asian economies of China, India, Vietnam and Indonesia, Malaysia faces challenges in not just attracting FDIs but also in attracting talent to our shores,” Umno’s economic bureau member Datuk Dr Norraesah Mohamad said. (The Star)
The country’s electric and electronics (E&E) sector has been seeing persistent pick-up in orders the past five months, according to International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the ministry would continue working with companies in ensuring Malaysia progressed and remained competitive, especially in the E&E industry. (StarBiz)
No comments:
Post a Comment