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Awang Tengah: Sarawak offers unique opportunities for entrepreneurs and investors

KUCHING: Sarawak is inviting entrepreneurs and investors to consider the state as a preferred investment destination for its digital and green economy policies. In stating this, Deputy Premier Datuk Amar Awang Tengah Ali Hasan said with a robust infrastructure, supportive government policies and a strategic position in Southeast Asia, Sarawak offers unique opportunities for the […]

Viet PM hails Malaysian foreign minister’s visit

HANOI: Vietnamese Prime Minister Pham Minh Chinh said a balanced two way-trade volume of US$18 billion between Vietnam and Malaysia, its second-largest trading partner in Asean, can be achieved. Two-way trade surpassed US$14.8 billion last year, up 17.9 per cent from previously. Malaysia is also among the top 10 biggest investors in Vietnam, with 718 […]

Malaysians elect new govt as economy continues to recover

KUALA LUMPUR: Malaysia will go to the polls on Saturday (Nov 19) to elect a new government as the country continues to recover from the tripartite problems of the pandemic COVID-19, the global geopolitical crisis and climate change that have greatly affected the livelihood of its 32 million population. After days of exhaustive campaigning, the […]

Ringgit slips to a new 24-year low against US dollar

KUALA LUMPUR: The ringgit slipped further to a fresh 24-year low against the US dollar at the opening on Today (Sept 14), in line with lower oil prices, as more investors shifted towards safe-haven assets. At 9.05am, the local currency had slid to 4.5200/5220 against the greenback from 4.5070/5085 at Tuesday’s close. ActivTrades trader Dyogenes […]

Logistics meeting with Samalaju investors

BINTULU: Samalaju Industrial Port Sdn Bhd (SIPSB) recently held the third logistics forum meeting with investors in the Samalaju Industrial Park (SIP) area. SIPSB in a statement said the third meeting of the logistics forum was attended by company representatives from Press Metal Bintulu (PMB), OM Materials (OM), Pertama Ferroalloys (PFSB), Sakura Ferroalloys (SFSB) and […]

Shorter work week: Many factors in play

KUCHING: Shortening working hours in a country that has many public holidays needs to be reevaluated. In stating this, Universiti Malaysia Sarawak (UNIMAS) Human Development Programme Associate Professor Dr Abdul Halim Busari said the economic and social aspects as well as work life balance must also be taken into account before arriving at a decision. […]

Premier receives investors

KUCHING: Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg yesterday received a delegation from OCIKumho Sendirian Berhad at his office in Wisma Bapa Malaysia, Petra Jaya here. OCIKumho Sendirian Berhad is a new joint venture company between OCI Malaysia and Kumho P&B Chemical Incorporation which is involved in producing EpiChloroHydrin at the Samalaju Industrial […]

Moody’s and S&P ratings bolster Sarawak Energy profile

KUCHING: Sarawak Energy has secured its first-time issuer credit rating from two international rating agencies: Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P). Moody’s has assigned an issuer credit rating of A3 (stable outlook) while S&P assigned an A- (negative outlook) issuer credit rating to Sarawak Energy, which mirrors and equalises with the ratings […]

Furniture Park set to double Sarawak’s revenue from timber export

KUCHING: The timber industry has been—and will continue to be—an important sector for Sarawak in terms of employment and business opportunities, and export revenue, says Datuk Willie Mongin. The federal Deputy Plantation Industries and Commodities Minister pointed out that the Sarawak Furniture Park would help Sarawak double its revenue from timber export to RM8bil from […]

Investors eager to conduct geotechnical study in Sarawak

KUCHING: Investors are eager to proceed with the Lawas Petrochemical And Refinery Integrated Project, said Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan. The International Trade and Industry, Industrial Terminal and Entrepreneur Development Minister said he was informed that Beijing BECA Sci-Tech Co Ltd and Sinopec Engineering Incorporated of China were looking to conduct […]