logo
Prime Minister Anwar embarks on three-nation visit starting Tuesday

Prime Minister Anwar embarks on three-nation visit starting Tuesday

Malaysian Reserve19 hours ago

KUALA LUMPUR – Prime Minister Datuk Seri Anwar Ibrahim (picture) will undertake a series of visits to three countries – Italy, France, and Brazil – beginning July 1.
This series of visits by the Prime Minister, beginning with a three-day official visit to Italy starting Tuesday, forms part of Malaysia's ongoing efforts to strengthen bilateral relations and promote economic cooperation at the global level.
Malaysia's Ambassador to Italy, Datuk Zahid Rastam, noted that the Prime Minister's inaugural visit to Italy is being undertaken at the invitation of Italian Prime Minister Giorgia Meloni.
'This visit is expected to further strengthen bilateral relations between Malaysia and Italy across a wide range of sectors. It also reflects the government's commitment to exploring new initiatives in trade and investment, as well as cooperation in the fields of defence, energy, and agro-commodities,' he told reporters in Malaysia via Google Meet from Rome on Monday.
According to Wisma Putra, the Prime Minister will attend the BRICS Summit in Rio de Janeiro, Brazil, as a partner country in the bloc comprising Brazil, Russia, India, China, and South Africa.
Zahid stated that during the official visit to Italy, the Prime Minister will be accompanied by five Cabinet ministers: Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Defence Minister Datuk Seri Mohamad Khaled Nordin, and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Also part of the delegation is Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir.
According to Zahid, the Prime Minister will also be accompanied by relevant senior government officials and a corporate delegation comprising representatives from 13 Malaysian companies across various sectors.
He said the Prime Minister and his delegation are expected to arrive at Fiumicino Airport in Rome at approximately 7.50 pm on Tuesday, July 1, and that he is scheduled to host an engagement session with the Malaysian diaspora in Italy later that evening.
On Wednesday, July 2, the Prime Minister will participate in a roundtable meeting with leading figures from Italian and Malaysian industries, in an event jointly organised by the governments of Malaysia and Italy known as the Malaysia–Italy Economic Partnership Roundtable, he said.
He added that the roundtable meeting will involve more than 50 companies, associations, and industry representatives from both Malaysia and Italy.
On the same day, the Prime Minister will hold meetings with Imam Yahya Pallavicini, Vice President of the Comunita Religiosa Islamica Italiana (COREIS), and Abdellah Redouane, Secretary-General of the Islamic Cultural Centre of Italy and the Mosque of Rome.
According to Zahid, on Thursday, July 3, the Prime Minister will be interviewed by Rai News 24, a leading and influential television news network in Italy.
In the interview, the Prime Minister is expected to speak on bilateral relations between Malaysia and Italy, trade and investment matters, as well as Malaysia's role as Chair of ASEAN 2025, he said.
He further said that at midday on July 3, Anwar is scheduled to hold a bilateral meeting with Italian Prime Minister Giorgia Meloni at Palazzo Chigi.
During the meeting, both sides will discuss a range of issues encompassing bilateral cooperation in economic sectors such as trade and investment, as well as collaboration in defence, renewable energy and the environment, agro-commodities, and the digital sector.
Zahid added that the discussions will also cover people-to-people cooperation, including education, cultural exchanges, the tourism sector, as well as regional and international issues of mutual concern, such as the situation in the Middle East.
He noted that the Prime Minister's visit to Italy is highly significant in reflecting the close ties between the two countries.
During the visit, both leaders will reaffirm their countries' commitment to strengthening bilateral relations through more comprehensive cooperation.
Accoarding to Zahid, the visit would provide the mandate and momentum to elevate Malaysia–Italy bilateral relations towards a more strategic partnership in the future.
He said the visit as a whole will serve as a platform for the Prime Minister to articulate Malaysia's foreign policy, particularly the country's stands on regional and global issues on the international stage, while also highlighting Malaysia's current ASEAN Chairmanship.
Zahid highlighted that in 2024, total trade between Malaysia and Italy amounted to RM14.61 billion, with Malaysian exports to Italy valued at RM6.71 billion and imports from Italy totalling RM7.89 billion. Overall, Italy is Malaysia's fifth-largest trading partner among European countries. — BERNAMA

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PM chooses key people in govt, not the royals
PM chooses key people in govt, not the royals

Malaysiakini

time37 minutes ago

  • Malaysiakini

PM chooses key people in govt, not the royals

YOURSAY | 'You either don't understand your role or you don't have the courage.' PM pushes back against lobby to extend CJ's term, calls it politicisation GP20257: Prime Minister Anwar Ibrahim, if you haven't figured it out yet, let me spell it out. The issue isn't that every retiring civil servant should have his/her tenure extended, but the excellent ones should, especially when there's a vacuum in key positions. There was no lack of candidates for the MACC chief or IGP posts, but they were duly filled, not according to normal promotion procedures. In Chief Justice Tengku Maimun Tuan Mat's case, it's very clear that a very good CJ is being bypassed, even according to normal procedures. It's not just ordinary people who are asking for her extension, but the Malaysian Bar, respected leaders, and other professionals. To us, it means; 1) Your judgment is flawed and unreliable; 2) You don't understand your role, or you don't have the courage to advise the king on your choice. It's the prime minister who chooses the key people in his or her government, not the royals, as the royals in this country, according to the Federal Constitution, do not govern. Top appointments to the government are the PM's choices. As long as the choices are made according to the constitution, the king makes the PM's choices official. That's the meaning of the king acting on the advice of the PM. It takes a PM with a backbone, not a glib mouth, to advise the king on his role. Apparently, Anwar can't do the job. Just resign and spare us this misgovernance. BobbyO: What a lame excuse. Anwar, do you think the people are fools, or do you think that power is in your hands and you will decide according to your own selfish agenda, just as you did in extending MACC Azam Baki's tenure not once but thrice? Remember, even the toughest and cruellest dictator has fallen, as they think that power is theirs to wield as they like. Remember Umno and jailed former prime minister Najib Abdul Razak. They thought that they were unbeatable as they had the finance, resources, and manpower. Look at where they stand today. Such a lame excuse, and Malaysians can very clearly see through you and your motive if you do not want to extend Tengku Maimun's tenure. Why then did you extend Azam's tenure? Is it because it worked in your favour? Was it not a political move? Why were the others due for promotion made to wait? What about the inspector-general of police and his deputy? Why was the deputy not promoted to the next level? It is so clear to see that you are frightened of promoting decent and honest civil servants. Seriously, Anwar, stop taking the people for granted. Umno did, and they lost big - four states to the opposition. What will be PKR's position at the next election? Reduced to the level below MIC and MCA? Half full Cup: Let's face it, our PM does not welcome most of the people's opinions, especially the professional group and his supporters, because he feels he is now the maharaja of the day. In fact, he has even forgotten or refused to recognise who his supporters are for the past 20 over years. The fault lies in his supporters (especially the urban citizens). If we look at what he did when he was in Umno, he was a very racist leader, hence his meteoric rise to be the deputy president of Umno. He was almost on the verge of becoming the president (prime minister). Most of his reforms at the time were very much at the expense of a certain group of people. We have been badly mistaken, or maybe we have fooled ourselves. Has DAP also taken advantage of the people's foolishness to gain power and enjoys that power now? BetterMY: Thank you for shooting yourself in the foot once again! The rakyat is fully aware of your administration's tactics of only retaining those subservient to you. Where you should have retained talent, you let them go, and where you should have dispensed with them, you gleefully retained. We will keep this in mind when voting in the 16th general election. Mind you, we're not racist to completely dispel of BN and PN, there are good administrators there too. It's just a matter of ridding BN and PN of the extremist and corrupt voices. Once that is done, we'll have a credible alternative to your incompetent administration. We have given you an opportunity, and you squandered it. We have given you that opportunity despite your entitled attitude towards the top post since 1998. Your days at the administration are numbered, and you will soon join the one-term PM list. And before any ardent and blind supporters of Pakatan Harapan jump on this, please be known that I have voted for Harapan since GE10. So my thinking is both reflective of the groundswell against Harapan and also the maturing of our electorate. 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.

UMS to expand reach via Bursa secondary listing
UMS to expand reach via Bursa secondary listing

The Star

time37 minutes ago

  • The Star

UMS to expand reach via Bursa secondary listing

An SGX sign at the Singapore Stock Exchange. — Reuters KUALA LUMPUR: Slated to be listed on the Main Market of Bursa Malaysia on Aug 1, high-precision engineering and manufacturing company UMS Integration Ltd – currently listed on the Mainboard of the Singapore Exchange (SGX) – says it will continue to expand its role within the semiconductor and aerospace value chains. Chief executive officer Andy Luong said the Singapore-headquartered company's impending secondary listing will enhance the group's visibility across the South-East Asian region and boost its position as an integrated service provider for global chip companies. 'Within the semiconductor space, we see opportunities in manufacturing high-precision components used in advanced packaging solutions, which play a vital role in enabling next-generation artificial intelligence and high-performance computing applications,' he said at a press briefing here yesterday. Given current global trade tensions, Luong added that Malaysia and Singapore are well-positioned to benefit from various outsourcing opportunities. 'We have the resources to serve the people as well, ' he said. Executive director, group financial controller and senior vice-president of operations Stanley Loh Meng Chong said Malaysia is a suitable place for the company's secondary listing due to several factors, including its plant located in Penang. He said UMS had pursued a dual listing in South Korea in 2010, but the plan fell through after the stock exchange regulators clamped down on overseas secondary listings following a fraud case involving a Chinese company. Loh added that Malaysia 'is a better place to raise funds and grow the business.' He believes that UMS is better run compared to its Malaysian peers, with stronger profit margins and dividend yields. 'In Singapore, typically our valuations are lower. We hope that by coming to Malaysia, it will help us to be valued more fairly versus our peers,' Loh said. UMS yesterday issued its prospectus for the secondary listing, which will be undertaken by way of introduction and will not involve any issuance or offering of shares. UMS shares will be fully fungible, meaning shareholders can transfer their shares between the SGX Mainboard and Bursa Malaysia's Main Market for trading. TA Securities Holdings Bhd is the principal adviser, while CGS International Securities Malaysia is the financial adviser for the exercise. At last look, UMS's market capitalisation was approximately S$945mil (equivalent to about RM3.13bil). It recorded revenue of S$242.1mil for the financial year ended Dec 31, 2024, while profit after tax stood at S$40.6mil, translating into a margin of 16.8%.

Malaysia's manufacturing edges closer to stabilisation in 1H25 - S&P500
Malaysia's manufacturing edges closer to stabilisation in 1H25 - S&P500

The Star

time37 minutes ago

  • The Star

Malaysia's manufacturing edges closer to stabilisation in 1H25 - S&P500

KUALA LUMPUR: Business conditions in the Malaysian manufacturing sector moved closer to stabilisation at the end of the first half of 2025, according to S&P Global Market Intelligence. In a note today, the firm said the latest S&P Global Malaysia manufacturing purchasing managers' index (PMI) reading suggests that the modest growth seen in official gross domestic product (GDP) statistics in the first quarter of 2025 was sustained into the second quarter. "The data also suggests that the expansion in manufacturing production continued throughout the second quarter,' it said. The seasonally adjusted S&P Global Malaysia manufacturing PMI rose to 49.3 in June, up from 48.8 in May. S&P Global economist Usamah Bhatti said June data indicated a gradual move towards stabilisation in the health of the Malaysian manufacturing sector, although operating conditions remained challenging. "Firms recorded sustained, albeit softer, moderations in demand and production - the softest in four months. Most encouragingly, firms raised their employment levels for the first time since last September. "That said, concerns were raised on the price front, with manufacturers recording the steepest increase in input prices for seven months. "In response, firms lifted their charges to the greatest extent in nearly a year in a bid to protect margins,' he said in a statement today. According to S&P Global, there was also a softer reduction in new export orders, while businesses signalled a renewed rise in employment during June. "Business confidence, meanwhile, was positive but remained well below the series average. "On the price front, input cost inflation gathered pace from May to reach the highest in seven months. In turn, firms signalled the strongest rise in output charges since August 2024,' it said. - Bernama

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