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Indonesia’s trade ministry is resisting pressure from parts of the palm oil
industry to change its export tax system in response to planned tax cuts by rival
producer Malaysia, a junior minister said.
F&N Beverages Marketing Sdn Bhd, which has started distributing its
version of cola carbonated soft drinks under the brand “My Cola”, is
optimistic the soft drink would be able to compete in the cola carbonated drinks
market in East Malaysia and emerge as the top choice among consumers
The ABN Media Group, the new digital cable TV company, is targeting to
reach 80% of the six million TV households in five years time by offering its
basic package at RM29.99 a month.
Telekom Malaysia will work with the Department of Skills Development
(JPK) on the development of National Occupational Skills Standards which
outlines the competencies requirements in an occupation.
The standards is a document that stipulates the required competency level
expected of a skilled employee who is employed in Malaysia in a specific
trade. TM Chairman Datuk Seri Dr Halim Shafie said industries need to
address the mismatch of skills and place more emphasis on core skills such
as teamwork, problem solving and creative thinking.
Under the agreement, JPK will recognise TM’s skilled workers by awarding
them the Malaysian Skills Certificate. (Bernama)
U Mobile announced its latest collaboration with Macro Kiosk, a multi-country
mobile technology enable, to provide enterprise messaging services through its
new Biz SMS Blast Service. (Bernama)
Media Prima expects a 30% growth in traffic and a double-digit revenue
growth within the next 12 months following the launch of Media Prima
Digital (MPD), its enlarged digital business unit.
AirAsia plans to unveil an order for 100 Airbus A320 jets today as the carrier
expands operations to fend off rising competition. Group CEO Tan Sri Tony
Fernandes will announce the order, valued at about US$9bn list price. The
airline was buying current-generation A320s as well as more fuel-efficient
Malaysia Airlines (MAS) today revealed one of its aircraft with the original
livery it featured on Oct 1, 1972, to commemorate its 40 years of Malaysian
hospitality delivery to air travelers.
Fresh from achieving a record-breaking sales of RM4.23bn for its financial
year ended Oct 31, 2012, SP Setia president and CEO Tan Sri Liew Kee Sin is
setting another ambitious target for 2013 – RM5.5bn in total sales.
SP Setia president and CEO Tan Sri Liew Kee Sin, who now holds a 5.63%
equity interest in the company, will gradually sell off his entire stake by
2015. “I am under contract up to Mar 2015, and I have an agreement with PNB
to pare it down,” he said. (Financial Daily)
CIMB Group and Deutsche Bank, as joint placement agents, have completed
the placement of 60m existing shares in Tenaga Nasional (TNB). The
placement, representing about 1.1% of TNB’s paid-up share capital, was done at
RM6.78 per share, raising gross proceeds of RM406.8m for Khazanah
The property market in 2013 is expected to remain strong with prices not
likely to drop, said Malaysian Institute of Estate Agents (MIEA) president
Nixon Paul. He said this year, despite the many misconceptions surrounding the
property market, the second half of the year showed that investors were
returning, especially in the last two months and the transactions were still
One of the misconceptions which surfaced this year was the oversupply of
office space as manufacturing based companies were moving to China. “And
then there was Bank Negara Malaysia’s responsible lending guidelines
which affected the market initially but the market bounced back eventually,”
The biggest frustration facing the property market, said Paul, could be the
valuation part where banks do not agree with the price already agreed upon
by the buyer and seller. “But other than that, it has been a good year for the
property market and will remain that way next year. Prices will generally be
stagnant and not likely to drop. In areas where there is land scarcity, prices
will go up a bit,” he said. (BT)