RM11.3bil in manufacturing investments operational under Madani govt
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the companies were part of a broader wave of investments, with more projects still under construction.
"This is only part of the companies that have already started operating. If we include those still under construction, the number is even higher,' he said in a video posted on social media platform X.
Among the manufacturers that have committed investments are INV New Material Technology (M) Sdn Bhd (RM3.2 billion), Alliance Contract Manufacturing Sdn Bhd (RM1.5 billion), Chery Corporate Malaysia Sdn Bhd (RM1.4 billion), Dominant OptoTechnologies (RM1 billion), and Cosmx Technology Malaysia Sdn Bhd (RM921 million). - Bernama Trading ideas: FGV, Paramount ,Zetrix, United Malacaa, Jati Tinggit, Focus Point, Camaroe, Bursa, IGBREIT, Chin Teck, Dufu, DXN, Tasco
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Borneo Post
35 minutes ago
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Blue Line Package 2 contractor praised for project management complex
Lee (fourth right) tours the complex office facility, accompanied by project and agency representatives. KUCHING (Aug 6): The contractor for Package 2 of the Blue Line under the Kuching Urban Transportation System (KUTS) project has been commended for its efforts in building an Integrated Project Management Complex. According to state Transport Minister Dato Sri Lee Kim Shin, the contractor has done an excellent job in building a well-equipped complex that includes recreational facilities aimed at providing a conducive working environment for its employees. 'It's heartening to see the care shown for the wellbeing of the workers, who play a crucial role in the construction of the Blue Line Package 2. 'Their dedication deserves our appreciation,' he said during the opening of the complex, built by the contractor Perbena Emas Sdn Bhd and CRBC (M) Holdings Sdn Bhd joint venture (PESB-CRM JV), held recently. Lee expressed hope that other local industry players would emulate this effort, noting that prioritising employee welfare could improve productivity. 'Building a proper Integrated Project Management Complex could be the way forward for the construction industry in Sarawak. 'My hope is that, with a conducive working environment, the workers will be more dedicated and committed to ensuring the smooth implementation of the KUTS project and complete the project on time,' he added. The minister congratulated PESB-CRM JV, and called on the joint venture to maintain close collaboration and uphold safety standards. He also reminded them to work closely with Sarawak Metro Sdn Bhd, as well as relevant authorities and government agencies involved in the KUTS project. The Integrated Project Management Complex, located at the Kuching-Samarahan Expressway, houses 51 rooms for management staff, accommodating up to 70 people, and 54 rooms for workers, capable of accommodating up to 270 people. Additionally, the complex houses the joint venture's precast concrete production facility, which is equipped with a batching plant. Blue Line Kuching Urban Transportation System lead Lee Kim Shin
Malaysiakini
an hour ago
- Malaysiakini
Tariff-wise, we could have done worse
YOURSAY | 'Negotiations with the US must be sustained. It's a marathon, not a sprint.' COMMENT | Ginormous RM1t bill for small tariff cut OrangePanther1466: I often do not agree with what you write, P Gunasegaram, but in this instance, you are spot on. Well done, mate. You have backed up your criticisms with facts and figures. Perhaps the next step would be for countries with 19 percent or more tariffs to consider mutually beneficial cooperation in pressuring the United States to ease the tariffs. I know it's easier said than done, as each has its peculiar circumstances, but we could find some common ground. For instance, insist on the US to include all current account elements in the calculation of the balance of payments. A notable exclusion was the services' element (non-tangible goods) that the US 'exports'. Royalty, franchise fees, IP licence fees, financial product fees like insurance, advisory fees, and so on. The continued pivot to the Brics bloc, discussions about setting up a rival development financial institution and adoption of an alternative trade settlement mechanism and currency should be intensified to mitigate reliance on Western economies, particularly the US. Discussions with the US must be sustained to work down the tariff rate and the list of products subjected to it. This should be a marathon and not a sprint. The jury is still out on the 'success' achieved by Prime Minister Anwar Ibrahim and Trade and Industry Minister Tengku Zafrul Abdul Aziz thus far in this regard. Coward: The headline trade items feel like trade that would have happened regardless of whether there is a tariff in place. In short, it looks like a repackaging of a known fact so that someone looks good. As for the over-the-top praise for Anwar, it started with US President Donald Trump. He used it to butter up Anwar for the deal. I don't think there is any sincere praise from Trump for Anwar's Thailand-Cambodia border peace effort. Again, it is exploited by him to make Anwar more agreeable. Anwar himself is not the victim here. He also uses it to butter up his image. As for the customary over-the-top praise by others on Anwar? Bread and butter from the same crowd of professional 'angkat' people. Rukun_Negara: International trade is about finding synergies and developing mutual interests and gains. In this case, I see the 19 percent tariff outcome as a win-win situation. Had the US slapped Malaysia with a 24 to 30 percent tariff, our exporting businesses (to the US) would have started losing big time against other countries in terms of 'relative competitiveness'. Quigonbond: One can also say we could have done worse with tariffs at 25 percent. It's about paying to stay in the game, not about a rational outcome. Easy to say it's a bad deal when done in hindsight and not being at the negotiation table. This is reality and a demonstration of Malaysia's position in the world. The 19 percent tariff is nine percentage points more than the global 10 percent tariff. Is it great? No. Is it bad? Not so. It's ok. The pain will translate to (if no retrenchment at some US export-dependent businesses) reduced employment, less profit, less tax to pay the government, less/no increment/bonus, less money to be recycled through the local economy - so yes, the economy will take some hits. But it won't be fatal. I'd prefer to focus on what we must do now, aka increase our competitiveness and productivity. RedGecko6275: Tariffs just make goods more expensive for the American people themselves. They are taxing their people. Does it make our goods less competitive? Yes, if we are the only country to impose a tariff on the US. But if our goods have a 19 percent tariff and all other countries have the same as well, it doesn't make our goods less competitive. Scoop: Sorry, Gunasegaram. Your premise is that Malaysia is going to follow through on these promises to buy x billion of this or that and invest x billion in the US. Since Trump 1.0, companies and countries have been making similar pledges to get on his good side, but have only made good on a small fraction of those pledges. There are countless examples of pledges that were designed to avoid some kind of punitive action that have come to nought. Koel: Tariffs seem to be a madman's game. While Malaysia's tariff rate was set at 25 percent, both Cambodia's and Thailand's rates were set at 36 percent. Since the so-called ceasefire, all three countries have overnight had their rates uniformly lowered to 19 percent. Trump now claims that he deserves the Nobel Peace Prize for bringing the 'war' to an end. Coincidence? Or some manchild's game of Art of the Deal? So, what was the backroom deal struck exactly? Are tariffs some new blackmail tool for persuading smaller countries to help prop up some spurious international credentials for a former TV showman? Open-minded 2281: All the above concessions are known. The question is, are there further concessions which may, for political reasons, be kept hidden? It is unbelievable that Trump agreed that Malaysia did not open the car market to the US without the AP system in place. Meerkat: Whether you love or hate him, Trump is going to upend the traditional way of international trade and relations. That means drastic changes. Unfortunately for Malaysia, it's not geared to respond to such changes because of the system, inefficiency, huge administrative costs and, mostly, corruption. The above is a selection of comments posted by Malaysiakini subscribers. Only paying subscribers can post comments. In the past year, Malaysiakinians have posted over 100,000 comments. Join the Malaysiakini community and help set the news agenda. Subscribe now. These comments are compiled to reflect the views of Malaysiakini subscribers on matters of public interest. Malaysiakini does not intend to represent these views as fact.
New Straits Times
9 hours ago
- New Straits Times
Malaysia to roll out regulatory reforms, other measures following US tariff deal
KUALA LUMPUR: Malaysia will roll out three key follow-up actions — an exporter outreach programme, regulatory reform and a nationwide supply chain mapping initiative — following the recent tariff renegotiation agreement with the United States which reduced tariffs on Malaysian goods from 25 per cent to 19 per cent. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the agreement, effective Aug 1, was achieved after "months of intense but thorough as well as methodical negotiations". "Most importantly, we achieved this without conceding on our red lines in key areas," he said in his keynote address at The Edge Malaysia Centurion Club Awards 2025 here today. Tengku Zafrul said those red lines included foreign equity limits in strategic sectors, legal safeguards in digital companies, halal standards and many other areas. But the key point, he added, is that the negotiation package was a all-of-nation offer, not just the government, but all (Malaysians and Malaysian companies). With the tariff deal in effect, Tengku Zafrul said the government is focusing on three key areas, starting with an outreach programme to support industry players and exporters. "Some of you in this room may be impacted, but again we will engage the whole exporters' ecosystem — not just the multinationals, but all the small and medium enterprises that are supporting the major exporters," he said. Secondly, he said the government aims to accelerate industrial reforms by cutting bureaucracy and reviewing regulations to eliminate overlaps, outdated provisions and irrelevant processes. "Thirdly, we need to strengthen the resilience of our supply chain by fortifying specific industries' role in the global supply chain," he said. Tengku Zafrul said Malaysia is making good progress on a supply chain mapping project, which aims to identify every player involved in the economic activities of key industrial sectors. Meanwhile, he said Malaysia's mid-cap companies — defined as listed companies with a market capitalisation of between RM100 million and RM1 billion — remain critical to the country's growth ambition under the New Industrial Master Plan (NIMP) 2030. "For me and for our ministry, we view this award such as Centurion as one of the private sector's contributions to Malaysia's journey towards becoming a high-income, sustainable and globally competitive nation. "As of March 31, there are 519 such Centurions. And this speaks volumes about the vibrancy of Malaysia's mid-cap sector — a sector that is equally critical to our national economic aspirations," he said.
