terengganu

 
 

Lazada, ministry to accelerate growth of M’sian SMEs via e-commerce

KUALA LUMPUR, Aug 16 — Lazada Malaysia and the Domestic Trade and Consumer Affairs Ministry will roll out new trade activities and training programmes to support the growth and digital acceleration of the country’s small and medium…


MB: Terengganu launches plan to make agriculture a lucrative business

KUALA TERENGGANU, Aug 4 — The state government today launched the Terengganu Agricultural Strategic Plan 2019-2023 to ensure that agriculture will no longer be associated with poverty but to be viewed as a lucrative business. Mentri Besar Datuk…


Pahang to receive RM 1.134b in investments from Singapore, says MB

SINGAPORE, Aug 2 ― The Pahang state government today signed 11 memoranda of understanding (MoUs) with Singaporean investors and international companies that agreed to invest RM1.134 billion in the state. “The total amount of the investments is…


More US firms to set up shop in Malaysia amid shift in supply chain: Business council regional head

KUALA LUMPUR: Malaysia can expect more US firms to establish their presence here amid the ongoing US-China trade war.

“The shift of supply chain has been going on for some time and the trade war has just accelerated that shift,” US-Asean Business Council senior vice-president and regional managing director Michael W Michalak told a press conference at “The Potential of Industry 4.0 for Malaysian SMEs” workshop today.

Big US firms are expediting efforts to move more of their supply chains from China to neighbouring countries, including Malaysia, in light of Trump administration tariffs.

“The movement (of US firms) into Malaysia has been quite big,” International Trade and Industry Minister Datuk Darell Leiking said, adding that it is of importance to Malaysia that the country is able to provide what these investors expect, including an enhanced Industry 4.0 environment and conducive regulatory framework.

However, US Ambassador to Malaysia Kamala Shirin Lakhdhir opined that the Sino-US trade war is not the single factor for the shift of US firms to Malaysia, pointing out that the decisions to invest in Malaysia are based on a range of factors. For example, some of the US firms have decided to use Malaysia as a platform for their Asean or Asia-Pacific businesses.

“Some of them may be looking at what’s happening in the global economy, some maybe specific to Malaysia in terms of talent, infrastructure or connectivity. Each individual firm has a range of reasons why they are moving and where they may be expanding and not a single factor related to tariffs,” said Lakhdhir.

Meanwhile, Darell highlighted that there is a big disparity in the country in terms of the readiness for Industry 4.0.

As at June 30, 2019, 475 applications from small and medium enterprises (SMEs) for readiness assessment of Industy 4.0 were received. The breakdown of application by states are Selangor (205 applications), Johor (59), Penang (57), Perak (32), Kedah (25), Sarawak (22), Malacca (18), Negri Sembilan (18), Federal Territory (13), Kelantan (7), Sabah (7), Terengganu (7) and Pahang (5). Of these, 59 of them have been shortlisted.

“While the government wants to assist your readiness for Industry 4.0, the interest is not so much there for some parts of our states. We need to find out why are they not interested or not moving up the value chain to be ready for Industry 4.0,” said Darell.

He encouraged more collaboration between international cooperation and local SMEs to maximise the potential of Industry 4.0 and called upon SMEs to embrace new technologies and develop strategies that will enable them to transform and continuously remain competitive.

The workshop demonstrated the commitment of US multinational corporations in supporting the Malaysia National Policy on Industry 4.0 or more widely known as Industry4WRD, especially in strengthening SMEs and driving their digital transformation.


More US firms to set up shop in Malaysia amid shift in supply chain: Business council regional head

KUALA LUMPUR: Malaysia can expect more US firms to establish their presence here amid the ongoing US-China trade war.

“The shift of supply chain has been going on for some time and the trade war has just accelerated that shift,” US-Asean Business Council senior vice-president and regional managing director Michael W Michalak told a press conference at “The Potential of Industry 4.0 for Malaysian SMEs” workshop today.

Big US firms are expediting efforts to move more of their supply chains from China to neighbouring countries, including Malaysia, in light of Trump administration tariffs.

“The movement (of US firms) into Malaysia has been quite big,” International Trade and Industry Minister Datuk Darell Leiking said, adding that it is of importance to Malaysia that the country is able to provide what these investors expect, including an enhanced Industry 4.0 environment and conducive regulatory framework.

However, US Ambassador to Malaysia Kamala Shirin Lakhdhir opined that the Sino-US trade war is not the single factor for the shift of US firms to Malaysia, pointing out that the decisions to invest in Malaysia are based on a range of factors. For example, some of the US firms have decided to use Malaysia as a platform for their Asean or Asia-Pacific businesses.

“Some of them may be looking at what’s happening in the global economy, some maybe specific to Malaysia in terms of talent, infrastructure or connectivity. Each individual firm has a range of reasons why they are moving and where they may be expanding and not a single factor related to tariffs,” said Lakhdhir.

Meanwhile, Darell highlighted that there is a big disparity in the country in terms of the readiness for Industry 4.0.

As at June 30, 2019, 475 applications from small and medium enterprises (SMEs) for readiness assessment of Industy 4.0 were received. The breakdown of application by states are Selangor (205 applications), Johor (59), Penang (57), Perak (32), Kedah (25), Sarawak (22), Malacca (18), Negri Sembilan (18), Federal Territory (13), Kelantan (7), Sabah (7), Terengganu (7) and Pahang (5). Of these, 59 of them have been shortlisted.

“While the government wants to assist your readiness for Industry 4.0, the interest is not so much there for some parts of our states. We need to find out why are they not interested or not moving up the value chain to be ready for Industry 4.0,” said Darell.

He encouraged more collaboration between international cooperation and local SMEs to maximise the potential of Industry 4.0 and called upon SMEs to embrace new technologies and develop strategies that will enable them to transform and continuously remain competitive.

The workshop demonstrated the commitment of US multinational corporations in supporting the Malaysia National Policy on Industry 4.0 or more widely known as Industry4WRD, especially in strengthening SMEs and driving their digital transformation.


Petronas Gas reports fire incident at Terengganu plant

PETALING JAYA: Petronas Gas Bhd said a fire broke out at one of its gas processing plants located in Paka, Terengganu on July 16 at 7.43pm.

However, it said the fire was confined to one of the plant’s equipment, the De-Methanizer Columnand it as fully extinguished at 4.30am today.

“We are currently working closely with the relevant authorities to investigate the cause of the incident,” the group said in a statement today.

Petronas Gas assured that the situation is under control and no injuries or fatalities have been recorded.

“The incident posed no immediate threat to the surrounding communities with no health-related risk. There is also no major impact to Petronas Gas’ overall operations as our other gas processing facilities will ensure uninterrupted gas supply to our customers.”

At 2.50pm, Petronas Gas’ share price was trading 4 sen or 0.2% lower at RM17.08 on 50,900 shares done.


Straits Inter Logistics inks bunkering contract with Bintulu Port

PETALING JAYA: Straits Inter Logistics Bhd’s 55% subsidiary Tumpuan Megah Development Sdn Bhd (TMD) has entered into an agreement with Bintulu Port Sdn Bhd (BPSB) for the provision of bunkering services for three years.

The contract will be commencing from Aug 1, 2019 with the option to renew for not more than two years.

At present, TMD is operating its business in eight ports in Malaysia, which include, Pasir Gudang Port, Tanjung Pelepas Port, Johor Bahru Port, Kuantan Port, Kemaman Port, Kuala Terengganu Port, Labuan Port and Miri Port.

“By entering into this agreement with BPSB, TMD hope to establish a base in bunkering business in Bintulu and subsequently to further enlarge its bunkering business in East Malaysia. This tie-up with BPSB is part of the group’s overall strategy to establish collaboration with strategic ports in Malaysia to bunker for vessels within their port limits,“ Straits Inter Logistics said in a stock exchange filing.

The company expects the new venture to contribute positively to the revenue and future earnings of Straits group.

“The agreement is expected to contribute positively to the future earnings of the group,“ it added.


Serba Dinamik seeks opportunities in Malacca

KUALA LUMPUR: Serba Dinamik Holdings Bhd has sealed a collaboration with Perbadanan Kemajuan Negeri Melaka to explore opportunities in Malacca related to oil and gas, engineering and civil works as well as construction and development projects.

The collaborative effort is between Serba Dinamik Sdn Bhd, a wholly-owned subsidiary of Serba Dinamik Bhd and a unit of Perbadanan Kemajuan Negeri Melaka, PKNM Energy Sdn Bhd (PKMNE).

Serba Dinamik group managing director and group chief executive officer Datuk Dr Ir Mohd Karim Abdullah said the collaboration would expand the company’s footprint in Malacca, in addition, to its projects in Johor, Sabah, Sarawak and Terengganu.

“We have two rounds of discussion and we have identified quite a number of projects. (Now) We need to sit down and digest all the information in the first round of discussion and fine-tune technical and commercial aspects as well as in line with their policies as the state government.

“Hopefully, we can roll out something in six months from now, which we are quite optimistic that it can happen because Malacca is a vibrant state,“ he told reporters after the signing a memorandum of understanding with PKNME here today.

Meanwhile, Serba Dinamik has secured six operations and maintenance (O&M) as well as one engineering, procurement, construction and commissioning contracts in Malaysia and Qatar through Serba Dinamik International Ltd and Serba Dinamik Sdn Bhd.

The O&M contracts secured in Qatar has an estimated value of US$60 million (about RM250.62 million), while the contracts bagged in Malaysia has no specific value as they were secured on a “call-out” basis, where work orders will be awarded at the discretion of the clients.

Mohd Karim said the group maintained a target of RM10 billion in terms of the order book in the financial year ending Dec 31, 2019.

To date, Serba Dinamik Holdings’ order book stood at RM8.7 billion.


Boustead clinches RM96m deal from Defence Ministry

PETALING JAYA: Boustead Holdings Bhd’s subsidiary Boustead Naval Shipyard Sdn Bhd announced that it has accepted a RM95.99 million contract from Malaysia’s Defence Ministry.

According to its filing with the stock exchange, the contract is for refitting works on Malaysian navy vessel KD Terengganu.

A formal contract between the government and the group will be signed at a later date.

“The contract is expected to contribute positively to current and future earnings of Boustead group,” it said.


ECRL civil works portion attracts 1,321 contractors

PETALING JAYA: The civil works portion of the RM44 billion East Coast Rail Link (ECRL) project has attracted 1,321 submissions from construction companies during the pre-qualification exercise held on May 29 and 30.

According to the main contractor China Communications Construction Company Ltd (CCCC), participation of G7 category of CIDB rated companies topped the list with 859 submissions or 65% of total submissions.

This was followed by the Grade G5 category with 134 submissions and Grade G4 category with 132 submissions. The remaining consisted of Grade G3 and Grade G6 with 104 submissions and 92 submissions respectively.

The exercise, which was held to identify potential subcontractors, also attracted submissions from 994 Bumiputera engineering and construction companies representing 75.25% of overall registration.

Malaysia Rail Link Sdn Bhd (MRL) and CCCC said in a joint statement today that the response shows that local contractors are ready to demonstrate their willingness and capabilities to participate in mega infrastructure projects.

The revised ECRL project includes an increase in civil works participation for local contractors from 30% to 40% of the project, as agreed by the asset-owner MRL and CCCC.

“We also hope that ECRL project will be an exemplary government project that demonstrates the capabilities of our local contractors to work with an international contractor in carrying out and meeting the high standards of a large-scale infrastructure project,” said MRL CEO Datuk Seri Darwis Abdul Razak.

“With the participation of local contractors, this will not just act as stimulus to the local construction sector but will also serve as a catalyst in the transfer of knowledge and technology in view of the ECRL project to be among the most challenging engineering and construction projects in Malaysia,” he added.

MRL urged local industry players to participate in the ECRL project not just as contractors, but also as suppliers, consultants and other relevant scopes, and hopes that local contractors can demonstrate their capabilities, technical know-how and offer their services competitively.

“As such, we hope that Malaysian local contractors would highly benefit from the co-operation and sharing of knowledge and technology that will, in the end, maximise the commercial impact of the Malaysian government’s investment by increasing the competitiveness and also improvements in the quality of products and services provided by the Malaysian contractors,” said China Communications Construction (ECRL) Sdn Bhd managing director Bai Yinzhan.

Following the pre-qualification exercise, MRL will be working closely with CCCC in the evaluation and shortlisting process of 1,321 construction companies to be potential tenderers of the ECRL’s civil works packages. Companies that are successful in the shortlisting will be notified in writing by CCCC.

The ECRL project’s rail network would traverse the East Coast states of Kelantan, Terengganu and Pahang as well as the states of Negeri Sembilan, Selangor and Putrajaya. The 640km rail network is scheduled for completion by December 2026 and is expected to link Kota Bharu to Putrajaya in about four hours.