KUALA LUMPUR, Nov 3 (Bernama) — Deputy Prime Minister Tan Sri Muhyiddin Yassin has urged the local Chinese business community to continue to be partners in developing Malaysia and invest in the domestic economy. He also urged them to join forces with both government-linked companies (GLCs) and Bumiputera businessmen to play a role in the next...

MELAKA, Nov 2 (Bernama) — The Kedai Rakyat 1Malaysia (KR1M) in Tengkera, the first for Melaka state, opened yesterday, receiving encouraging response from the local residents, especially the low-income earners. The shop, also the first KR1M outside the Klang Valley, is located at the Al-Ikhsan Flats, a public housing scheme. It is managed by the...

KOTA KINABALU, Nov 2 (Bernama) — The Sabah branch of the Malaysian Handicraft Development Corporation will stage the state-level Third Malaysian Craft Promotion at the 1Borneo Hypermall, near here. The week-long event starts on Nov 24. Its director, Mohammad Latiff Dirun said the programme, themed “Craft Generates Economy”, will offer...

KOTA KINABALU, Nov 2 (Bernama) — The International Trade and Industry Ministry hopes the Bumiputera Entrepreneur Development Programme will be extended to cover small-and-medium enterprises in the outskirts. Deputy Minister Datuk Jacob Dungau Sagan said SMEs accounted for 19% to the country’s Gross Domestic Product (GDP) output as such the...

GEORGE TOWN, Nov 2 (Bernama) — Eleven traders today submitted a memorandum to Penang Chief Minister Lim Guan Eng asking to be allowed to resume their business at the Penang Hill railway base station compound. Hon Beng Hong, 40, a representative of the traders, said they wanted the state government to fulfil its promise of giving them stalls after...

PUCHONG, Nov 1 (Bernama) — The total export of Malaysia’s commodities and commodities-based products in 2011 is expected to increase from RM113 billion, last year, said Deputy Minister of Plantation Industries and Commodities, Datuk Hamzah Zainudin. He said the total exports will grow in tandem with the competitive price of the Malaysian...

KUALA LUMPUR, Nov 1 (Bernama) — Preservation of wealth in gold and silver bullion is easier and more affordable among middle-income workers compared with investing in properties, says a market player. Online-based trader Mynet Capital Sdn Bhd’s executive chairman Terry Ghani said gold and silver bullion were more economical for the middle...

KUALA LUMPUR, Nov 1 (Bernama) — Export-Import Bank of Malaysia Bhd (Exim Bank) expects 40% of its targeted loan applications worth RM1 billion for this year to come from the small medium entrepreneurs (SMEs), who usually made up 80% of its total borrowers. Its managing director/chief executive officer, Adissadikin Ali, said the same structure...

NANNING (China), Oct 27 (Bernama) — The 128 Malaysian companies at the 8th China-Asean Expo (Caexpo 2011), which ended yesterday, raked in total sales far exceeding the target of RM100 million. Ong Yew Chee, director of Construction Services and Building Materials Section at the Malaysia External Trade Development Corporation (Matrade) and Caexpo...

KUALA LUMPUR, Oct 26 (Bernama) — Malaysian companies are invited to participate in open bids for several infrastructure projects in Chile to be announced soon. Chile’s Vice Minister for Foreign Affairs Fernando Schmidt said among them are three major projects which are the expansion of the international airport in Santiago; completion of...