Prime Minister Tun Dr Mahathir Mohamad pledged that Putrajaya will continue to welcome foreign direct investment, but with a caveat that local contractors will be given priority in the development sector.
"This FDI will be limited to those bringing funds and technology into the country, constructing factories, producing goods for the local market or export.
The new government under Prime Minister Dr Mahathir Mohamad will ensure that the abolition of goods and services tax (GST) and the reintroduction of fuel subsidies will not adversely affect the Malaysian economy.
The government's newly set-up team of eminent persons is confident of shelving GST and reinstating fuel subsidies as they have the relevant expertise and experience.
On 26 April a smart partnership between MaGIC alumni SERV and JomParking with Bateriku.com was announced with the aim of bringing convenience to Malaysia’s drivers.
The startups, each possessing a distinct expertise, from parking payment to battery replacement and car servicing, have described the collaboration as a more convenient way to help drivers resolve their driving and car maintenance issues.
US-headquartered Porex Corporation unveiled its new Customer and Commercial Center and expanded manufacturing plant today in Hicom Industrial Estate, Shah Alam, Malaysia.
As the leading global innovator of engineering solutions for the filtering, venting, wicking, diffusing, absorbing and applying of gases and liquids across a wide spectrum of applications, this event serves as a hallmark in POREX’s continued expansion in the Asia Pacific region.
The event opened with the launch of POREX’s new corporate video, highlighting the company’s unmatched capabilities and expertise in providing porous polymer solutions to markets including medical and life sciences, electronics, cosmetics, writing instruments and waste water treatment.
“POREX is always thrilled to be able to work with customers to unearth inventive solutions based on our core values of innovation and expertise. This expansion enables POREX to work closely and collaboratively with customers in Asia Pacific, helping them to overcome product development challenges to create exciting and novel products,” said Jon Peacock, CEO of POREX and president of Life Sciences, Filtration Group.
With the expanded manufacturing facility, POREX will be doubling its footprint in Malaysia. The new Customer and Commercial Center will focus on providing commercial, business development, marketing and product development engineering services to Asian customers, particularly in China, Japan and Korea.
The 40 percent increase in operational floor space will enable POREX to scale up production of its unique fiber lines to better serve customers locally and globally, in addition to its already established sintered particles lines. POREX anticipates expanding staff to respond to new design trends more quickly and thoroughly.
“We have seen huge growth and successes from the Asia sales team over the last few years,” said Nils Gustavsson, senior vice president and general manager of POREX, who spoke at the event. “This expansion and creation of a customer center further strengthens our significant investment to support our customers and grow POREX’s business in Asia,” he added.
When asked about POREX’s star markets in Asia, Bill Foughty, senior vice president global operations, said: “We are currently focused on areas such as venting technologies for electronics, porous nibs for writing instruments and cosmetics applicators, and filtration solutions for biomedical and water treatment applications. However, given Asia’s diverse and vibrant markets, we are constantly on the lookout for new applications that would benefit from our expertise.”
POREX Malaysia’s existing capability in sintering porous plastics will be complemented with the newly added capability in fiber technologies that cover the full breadth of solutions to serve existing and future customers.
The product development team will be able to help Asian customers design and invent new products that combine unmatched porous and fiber expertise and technologies. POREX’s newly added capabilities in fiber technology will support a wider spectrum of solutions to customers in filtering, venting, diffusing and media support.
Foughty noted at the event that the opening of the new Customer and Commercial Center and expanded manufacturing plant signifies continued investments in Asia from POREX and its parent company, Filtration Group.
“Together with our other facility based in Ningbo, China, we look forward to better serve customers in the region as POREX grows and expands its market reach in the region. The next stage is to look into global manufacturing capabilities where products can be manufactured in Asia to serve our global customers worldwide based on functional needs.”
The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan through a Memorandum of Understanding (MoU) to encourage, facilitate and promote economic cooperation in the areas of trade, investments and Small & Medium Enterprise (SME) development, particularly in Smart Manufacturing & Industry 4.0, Internet-of-Things and Circular Economy.
Datuk Azman Mahmud, Chief Executive Officer of MIDA and Dr. Chang Pei Zen, Executive Vice President of ITRI witness the signing and exchange of the MoU between senior representatives of both organisations.
As Ramadan approaches, Dorsett Kuala Lumpur offers guests a wide range of nostalgic delicacies during the holy month.
The hotel invites guests to share the united ceremonial of breaking-fast at the cozy, lively setting of Checkers Café starting from May 17 till June 14, 2018 at 7pm onwards.
Bank Islam Malaysia Bhd yesterday signed a Memorandum of Understanding with Petroliam Nasional Bhd and Syarikat Jaminan Pembiayaan Perniagaan Bhd to provide financial solution to PETRONAS vendors nationwide via SME Vendor Financing Programme aimed at benefitting the local Oil & Gas Services and Equipment (OGSE) sector.
With the aim of improving access to financing and liquidity to the OGSE players, Bank Islam, PETRONAS and SJPP collaborate via the SME Vendor Financing Programme, open to Malaysian SMEs, which have contracts with PETRONAS and are in compliance with Bank Islam’s credit assessment and SJPP’s eligibility and criteria.
Construction on the 1,681-unit Phase 4 of Perumahan Penjawat Awam 1 Malaysia (PPA1M) for civil servants is expected to begin in the third or fourth quarter of 2018, says Protasco Bhd.
The groundbreaking ceremony for the construction of this phase was held today at Precinct 19, Putrajaya, with the Chief Secretary to the Government Tan Sri Dr Ali Hamsa officiating.
Coming into its fifth year of championship, the Super Schools Rugby Fifteens saw participation from seven elite rugby playing schools vying for the Malaysia Airports Chairman’s Challenge Trophy.
The championship finals between Malay College Kuala Kangsar (MCKK) and Sekolah Menengah Sains Hulu Selangor (SEMASHUR) will be held on 6 May 2018 at the Proton City Stadium, Tanjung Malim, Perak.
Expenditure on home appliances and consumer electronics is expected to increase year-on-year as more millennials and those from the younger generation move towards purchasing their first homes.
They would choose based not only on the product specifications, but an appliance that offers them a better quality of life, more humanised and represents a better fit with their individual values.