logo
NRES cuts mineral licence approval time to seven days under Red Tape Reform

NRES cuts mineral licence approval time to seven days under Red Tape Reform

The Sun16-05-2025

PUTRAJAYA: The Ministry of Natural Resources and Environmental Sustainability (NRES), through the National Minerals and Geoscience Department (JMG), has successfully reduced the approval time for the Mineral Licence (Without Storage Premises) from 61 days to just seven days under its Bureaucratic Red Tape Reform (RKB) project.
According to NRES, the reform is expected to lower compliance costs for mineral trading companies by up to 20 per cent, boosting both domestic and international trade and generating an estimated RM1.3 million in annual revenue for the government.
'This initiative reflects NRES' ongoing commitment to streamlining industry operations and enhancing the efficiency of public service delivery,' the ministry said in a statement today.
In recognition of this achievement, JMG received a Certificate of Appreciation presented by Chief Secretary to the Government, Tan Sri Shamsul Azri Abu Bakar, to NRES secretary-general, Datuk Dr Ching Thoo a/l Kim, on April 10.
The RKB project is part of the Special Task Force on Agency Reform (STAR), chaired by the Chief Secretary, and aims to expedite regulatory processes while reducing compliance costs for businesses and the public.
This move also supports the Public Service Reform Agenda 2024–2030 and the Malaysia MADANI vision, which seeks to improve government efficiency, drive productivity, and enhance public well-being.
Additionally, the reform helps accelerate administrative processes, strengthen industrial competitiveness, and promote sustainable mineral exports.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Visionary digital leaders key to Malaysia's public sector transformation
Visionary digital leaders key to Malaysia's public sector transformation

The Sun

time18 hours ago

  • The Sun

Visionary digital leaders key to Malaysia's public sector transformation

PUTRAJAYA: The public sector urgently requires visionary digital leaders to steer digital transformation, ensuring efficient, responsive, and tech-driven services, said Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Speaking at the Public Sector Chief Digital Officer Conference 2025 (CDO CONVEX 2025), Shamsul Azri stressed that the Fourth Industrial Revolution (4IR), powered by AI, big data, IoT, and automation, has reshaped work, life, and service delivery. 'Public expectations are rising, and the sector must be agile, innovative, and competitive. Chief Digital Officers (CDOs) play a crucial role in driving transformation by ensuring ethical and optimal tech use for national progress,' he said. The conference, themed 'Smart and Agile Digital Leaders of the New Era,' gathered public sector CDOs, industry experts, and academics to exchange insights and strengthen digital leadership. Shamsul Azri urged digital leaders to initiate change rather than merely react to it. 'Success comes from driving change, not just preparing for it. Leaders must be proactive, data-driven, and swift in delivering value,' he added. He emphasised that CDOs must ensure digital initiatives are people-centric, secure, efficient, and trustworthy. Additionally, he highlighted the need for systematic digital skills training to cultivate a competitive workforce ready for complex challenges. On digital service transformation, he cited MyGOV Malaysia, set to launch in July, as a key initiative integrating public agency services. Developed with the Digital Ministry and other agencies, the platform will enable citizens to access government services, including summons checks and welfare applications.

Sarawak In Need Of More Skilled Workforce To Drive Solar Industry
Sarawak In Need Of More Skilled Workforce To Drive Solar Industry

Barnama

time20 hours ago

  • Barnama

Sarawak In Need Of More Skilled Workforce To Drive Solar Industry

GENERAL SIBU, June 30 (Bernama) -- Sarawak must step up efforts to produce more skilled workers in solar energy in line with the state government's commitment to strengthening the renewable energy sector, said Datuk Seri Julaihi Narawi. The Sarawak Utilities and Telecommunications Minister said the move was crucial to meet the growing demand for skilled manpower, in line with the state's target of increasing power generation capacity to 10,000 megawatts (MW) by 2030 and 15,000 MW by 2035. 'At least 60 per cent of this amount will be contributed by renewable sources, including solar energy,' he told reporters after witnessing the presentation of the Accreditation Certificate to Universiti Teknologi Sarawak (UTS) by the Sarawak Utilities and Telecommunications Ministry (MUTS) here today. MUTS Electricity Supply director Muhammad Randi Abdullah presented the certificate to UTS vice-chancellor Prof Datuk Dr Khairuddin Abdul Hamid. According to Julaihi, Sarawak had initiated the development of a floating solar power plant, including a 50 MW facility at the Batang Ai Dam, which began operations in December last year. 'This plant only utilises three per cent of the dam's surface and has the potential to be expanded to other locations such as Murum and Bakun. We have also identified several interested investors,' he said. Julaihi said that the demand for skilled technicians and engineers in solar photovoltaic (PV) system design and installation would continue to rise, describing the collaboration between UTS and Entera Technology Academy as a proactive and strategic initiative. 'Training skilled workers is essential to developing the entire renewable energy ecosystem across Sarawak,' he said. Julaihi said the initiative also supports the implementation of the Post-COVID-19 Development Strategy (PCDS) 2030, which positions renewable energy as a key sector in driving Sarawak towards becoming a high-income economy.

Top Glove outlook remains weak as industry challenges persist: analysts
Top Glove outlook remains weak as industry challenges persist: analysts

New Straits Times

timea day ago

  • New Straits Times

Top Glove outlook remains weak as industry challenges persist: analysts

KUALA LUMPUR: Top Glove Corp Bhd's earnings outlook is likely to remain under pressure, with industry challenges expected to persist into the second half of 2025 (2H25), analysts said. RHB Research said Top Glove Corp reported third quarter (Q3) financial year 2025 (FY25) core loss of RM2.3 million, bringing 9MFY25 core loss to RM0.9 million. The firm said that results were below its expectation due to the challenging cost pass-through despite a sequential improvement in volume sold. "We expect industry headwinds to persist into 2H25 due to a higher operating cost environment and intensified competition," it said in a note. On the same note, Public Investment Bank Bhd (PublicInvest) remains cautious on Top Glove's operating landscape, weighed down by persistent pricing pressure and a sluggish demand recovery. The firm noted that the stable-to-declining trend in raw material prices is expected to further cap any upward adjustment to average selling price (ASPs). "At this juncture, earnings visibility remains weak due to tariff uncertainty and an imbalance demand-supply dynamic," it said. Meanwhile, Hong Leong Investment Bank Bhd (HLIB) expects Top Glove to register a flattish quarter on quarter (QoQ) results in Q4 FY25. Looking ahead, HLIB said the sector remains clouded by heightened uncertainty around the supply- demand dynamics heading into 2026 and beyond, worsened with elevating operating costs. "Given upbeat results, we revise our FY25 from a loss of RM1.3 million to a profit of RM21.3 million. "However, we cut our FY26 to FY27 by 4 per cent/ 31 per cent following lower ASP assumptions to reflect the weakening outlook. HLIB has maintained its 'Sell' recommendation and lowered its target price to 60 sen.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store