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Country banks on US recovery to sustain stability. Reports by Nazvi Careem
A 246-hectare area in the state of Melaka, comprising man-made eco-islands, entertainment resorts and theme parks, is Malaysia's next mega-project designed to boost the country's tourism industry by attracting high-end consumers.
A 246-hectare area in the state of Melaka, comprising man-made eco-islands, entertainment resorts and theme parks, is Malaysia's next mega-project designed to boost the country's tourism industry by attracting high-end consumers.
Malaysia has big plans to power up its energy sector with diversified investment in oil and gas, hydroelectric power in Borneo and rare earth. The country is striving to become a major international centre for oil and gas production by 2017, having launched this vision in 2001 with the formation of the Malaysia Petroleum Resources under the department of Prime Minister Najib Razak.
Malaysia has big plans to power up its energy sector with diversified investment in oil and gas, hydroelectric power in Borneo and rare earth. The country is striving to become a major international centre for oil and gas production by 2017, having launched this vision in 2001 with the formation of the Malaysia Petroleum Resources under the department of Prime Minister Najib Razak.
Some 20 metres from the shores of Sipadan Island in Sabah, Malaysia, the coral reef suddenly drops 1,000m to 2,000m. Divers perched atop the edge of the reef wall can watch from a distance of 10m thousands of swirling barracudas, mating hawksbill sea turtles and many other marine creatures.
Some 20 metres from the shores of Sipadan Island in Sabah, Malaysia, the coral reef suddenly drops 1,000m to 2,000m. Divers perched atop the edge of the reef wall can watch from a distance of 10m thousands of swirling barracudas, mating hawksbill sea turtles and many other marine creatures.
It is an exciting time for business in Sabah. The United States-based restaurant giant Darden has started a US$1.6-billion pilot project to grow lobsters in the Malaysian state. As this unfolds, ready-built factories in the Kota Kinabalu Industrial Park (KKIP) have been sold out, prompting the government to develop more with the private sector. Real estate prices have also been upbeat. With inquiries from investors worldwide, especially from Hong Kong, property quotes in Kota Kinabalu have remained robust. Land values along the Sembulan River, for example, continue to strengthen.
It is an exciting time for business in Sabah. The United States-based restaurant giant Darden has started a US$1.6-billion pilot project to grow lobsters in the Malaysian state. As this unfolds, ready-built factories in the Kota Kinabalu Industrial Park (KKIP) have been sold out, prompting the government to develop more with the private sector. Real estate prices have also been upbeat. With inquiries from investors worldwide, especially from Hong Kong, property quotes in Kota Kinabalu have remained robust. Land values along the Sembulan River, for example, continue to strengthen.
It is the year 2025 in Sabah. A strong manufacturing alongside a vibrant tourism sector has quadrupled gross domestic product. The success of various economic clusters has created wealth reaching far into the hinterlands. As a transshipment hub for the world especially for Asia and the Brunei Darussalam-Indonesia-Malaysia-the Philippines East Asean Growth Area, the Sapangar Bay Container Port supports a wide range of industries from the traditional palm oil to nanotechnology.
It is the year 2025 in Sabah. A strong manufacturing alongside a vibrant tourism sector has quadrupled gross domestic product. The success of various economic clusters has created wealth reaching far into the hinterlands. As a transshipment hub for the world especially for Asia and the Brunei Darussalam-Indonesia-Malaysia-the Philippines East Asean Growth Area, the Sapangar Bay Container Port supports a wide range of industries from the traditional palm oil to nanotechnology.
Eastern & Oriental (E&O) strengthens the Malaysian property market as a choice second-home destination among high-net-worth individuals from the region and beyond. Every new trend it establishes draws more and more foreign buyers to Malaysia, where foreign ownership of landed properties and freehold titles is encouraged by 10-year visa grants to foreign property buyers.
Eastern & Oriental (E&O) strengthens the Malaysian property market as a choice second-home destination among high-net-worth individuals from the region and beyond. Every new trend it establishes draws more and more foreign buyers to Malaysia, where foreign ownership of landed properties and freehold titles is encouraged by 10-year visa grants to foreign property buyers.
Malaysia's fourth-largest financial services group, the RHB Banking Group (RHB), is set to become one of Asia's leading multinational financial institutions by 2020. The banking group has grown its asset base from 104.5 billion ringgit (HK$247 billion) in 2008 to 191.1 billion ringgit in 2013 and increased its pre-tax profit from 430 million ringgit in 2006 to 2.5 billion ringgit in 2013.
Malaysia's fourth-largest financial services group, the RHB Banking Group (RHB), is set to become one of Asia's leading multinational financial institutions by 2020. The banking group has grown its asset base from 104.5 billion ringgit (HK$247 billion) in 2008 to 191.1 billion ringgit in 2013 and increased its pre-tax profit from 430 million ringgit in 2006 to 2.5 billion ringgit in 2013.
Imagine living in a lush tropical retreat and stepping out to work at a prime business location just nearby. For Tropicana Corporation, this almost idyllic picture is not just a fanciful architectural rendering, but a concrete reality. The residential and commercial developer has been Malaysia's pioneer in building outstanding resort-like developments where people can live, work and play.
Imagine living in a lush tropical retreat and stepping out to work at a prime business location just nearby. For Tropicana Corporation, this almost idyllic picture is not just a fanciful architectural rendering, but a concrete reality. The residential and commercial developer has been Malaysia's pioneer in building outstanding resort-like developments where people can live, work and play.
London Biscuits has perfected the recipe for developing products that excite the palates of consumers. Satiating the Malaysian appetite for high-quality and delectable snacks for more than 20 years, London Biscuits takes the next step as it continues to expand its product lines and increase its production capacity. This is to achieve the company's goal to earn the distinction of being among Asia's leading snack manufacturers.
London Biscuits has perfected the recipe for developing products that excite the palates of consumers. Satiating the Malaysian appetite for high-quality and delectable snacks for more than 20 years, London Biscuits takes the next step as it continues to expand its product lines and increase its production capacity. This is to achieve the company's goal to earn the distinction of being among Asia's leading snack manufacturers.
Having the distinct advantage of being near high-growth areas such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo, Iskandar is one of Malaysia's key regional economic corridors. The thriving metropolitan area possesses immense potential to aid the country's transformation agenda and enhance the public's quality of life.
Having the distinct advantage of being near high-growth areas such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo, Iskandar is one of Malaysia's key regional economic corridors. The thriving metropolitan area possesses immense potential to aid the country's transformation agenda and enhance the public's quality of life.
When it comes to comprehensive health care services in Malaysia, the BP Healthcare Group rises above the competition in delivering an outstanding patient experience. Expanding its medical centre network and continuing to develop innovative services, BP Healthcare has been providing top-notch medical services accessible to a wider scope of patients for more than 30 years.
When it comes to comprehensive health care services in Malaysia, the BP Healthcare Group rises above the competition in delivering an outstanding patient experience. Expanding its medical centre network and continuing to develop innovative services, BP Healthcare has been providing top-notch medical services accessible to a wider scope of patients for more than 30 years.
Actively targeting more foreign investments and tourists, the Penang State Tourism Development office has launched initiatives to attract luxury hoteliers, real estate developers and cruise providers. The move complements the state's programme to cultivate a holistic tourist experience showcasing Penang's living cultures - its culinary, architectural, artistic and cultural heritage from a blend of Asian and European influences.
Actively targeting more foreign investments and tourists, the Penang State Tourism Development office has launched initiatives to attract luxury hoteliers, real estate developers and cruise providers. The move complements the state's programme to cultivate a holistic tourist experience showcasing Penang's living cultures - its culinary, architectural, artistic and cultural heritage from a blend of Asian and European influences.
Chip fabrication foundry SilTerra Malaysia is ramping up its production capacity, and looking for more investors who can help boost its economic scale in the next few years.
Chip fabrication foundry SilTerra Malaysia is ramping up its production capacity, and looking for more investors who can help boost its economic scale in the next few years.
Recognising the role of information and communications technology (ICT) in improving competitiveness, the Sabah state government has been aspiring to develop its technology infrastructure since the mid-1990s. A prime mover in building the ICT landscape of Malaysia's second largest state is Sabah Net, a government-owned service integrator whose vision extends to supporting the needs of the private sector.
Recognising the role of information and communications technology (ICT) in improving competitiveness, the Sabah state government has been aspiring to develop its technology infrastructure since the mid-1990s. A prime mover in building the ICT landscape of Malaysia's second largest state is Sabah Net, a government-owned service integrator whose vision extends to supporting the needs of the private sector.
In keeping with a rapidly globalising economy, Malaysia's national commitment to push government-linked companies (GLCs) to become internationally competitive goes as deep as the mindsets of its business leaders. An offshoot of the GLC Transformation Programme, the Malaysian Directors Academy, or MINDA, is keeping pace with these companies, while eyeing to become Asia's renowned institution for high-performing directors and effective boards.
In keeping with a rapidly globalising economy, Malaysia's national commitment to push government-linked companies (GLCs) to become internationally competitive goes as deep as the mindsets of its business leaders. An offshoot of the GLC Transformation Programme, the Malaysian Directors Academy, or MINDA, is keeping pace with these companies, while eyeing to become Asia's renowned institution for high-performing directors and effective boards.
Many Asian businesses that have succeeded by keeping up with global economic trends are becoming innovative trendsetters themselves. Asian restaurant chains, for instance, have successfully adapted the Western quick service restaurant (QSR) model in offering food selections that suit local preferences. Having made the model their own, these chains went on to expand outside of their countries of origin.
Many Asian businesses that have succeeded by keeping up with global economic trends are becoming innovative trendsetters themselves. Asian restaurant chains, for instance, have successfully adapted the Western quick service restaurant (QSR) model in offering food selections that suit local preferences. Having made the model their own, these chains went on to expand outside of their countries of origin.
The robust development of Asia's industrial sector coupled with technological advancements is inducing market appetite for the latest machine tools. With surging demand for metal-based products, particularly in the automotive and industrial sectors, companies are looking for innovative solutions and partnerships that will increase their competitive edge. Aware of these growing activities for automated work, Malaysia's leading contract metal manufacturer, Local Basic, matches the needs of Asia's industrial markets.
The robust development of Asia's industrial sector coupled with technological advancements is inducing market appetite for the latest machine tools. With surging demand for metal-based products, particularly in the automotive and industrial sectors, companies are looking for innovative solutions and partnerships that will increase their competitive edge. Aware of these growing activities for automated work, Malaysia's leading contract metal manufacturer, Local Basic, matches the needs of Asia's industrial markets.
With dedication to quality, freshness and nutrition, Lay Hong has become a trusted supplier of poultry products in Malaysia. Under the NutriPlus and Wise Choice brands, the company's offerings range from regular, speciality and liquid eggs to fresh chicken, frankfurters and nuggets. Lay Hong's brands have become bywords for cleanliness and health among households. The company supplies to food majors such as MacFood, Unilever and Gardenia Bakeries.
With dedication to quality, freshness and nutrition, Lay Hong has become a trusted supplier of poultry products in Malaysia. Under the NutriPlus and Wise Choice brands, the company's offerings range from regular, speciality and liquid eggs to fresh chicken, frankfurters and nuggets. Lay Hong's brands have become bywords for cleanliness and health among households. The company supplies to food majors such as MacFood, Unilever and Gardenia Bakeries.
Amid the challenges of a highly competitive sugar industry, MSM Malaysia is aggressively expanding its market share across the Asia-Pacific region as it prepares for capacity expansion. "We have set our goal to be a top three global player by 2020. In order to be a global player, we will have to get ourselves involved in the entire value chain - from upstream, mid- and downstream," says its newly appointed president and group CEO, Dr Sheikh Awab Abod. MSM Malaysia Holdings is a publicly listed company on the Malaysia stock exchange. Malaysia's leading sugar producer is aggressively looking for merger and acquisition opportunities around the world.
Amid the challenges of a highly competitive sugar industry, MSM Malaysia is aggressively expanding its market share across the Asia-Pacific region as it prepares for capacity expansion. "We have set our goal to be a top three global player by 2020. In order to be a global player, we will have to get ourselves involved in the entire value chain - from upstream, mid- and downstream," says its newly appointed president and group CEO, Dr Sheikh Awab Abod. MSM Malaysia Holdings is a publicly listed company on the Malaysia stock exchange. Malaysia's leading sugar producer is aggressively looking for merger and acquisition opportunities around the world.
As Malaysia positions itself to become a hub for Asia's palm oil industry and green technology, Europe-based Desmet Ballestra Group sees the country as a competitive platform to export its process engineering expertise in the region. Through its subsidiary, Desmet Ballestra (Malaysia), the group is setting up offices throughout Asia to be closer to its customers.
As Malaysia positions itself to become a hub for Asia's palm oil industry and green technology, Europe-based Desmet Ballestra Group sees the country as a competitive platform to export its process engineering expertise in the region. Through its subsidiary, Desmet Ballestra (Malaysia), the group is setting up offices throughout Asia to be closer to its customers.
Barely larger than Singapore and the third-smallest Malaysian state, Melaka is undergoing a cultural revolution that is reshaping its people, government and business landscape.
Barely larger than Singapore and the third-smallest Malaysian state, Melaka is undergoing a cultural revolution that is reshaping its people, government and business landscape.
Malaysia accounts for 39 per cent of global palm oil output and 44 per cent of world exports, demonstrating its vital role in satisfying increasing global demand for oils and fats. At the forefront of this momentous undertaking is Felda Global Ventures Holdings (FGV), a rising global powerhouse in agribusiness with diversified operations in more than 10 countries across four continents.
Malaysia accounts for 39 per cent of global palm oil output and 44 per cent of world exports, demonstrating its vital role in satisfying increasing global demand for oils and fats. At the forefront of this momentous undertaking is Felda Global Ventures Holdings (FGV), a rising global powerhouse in agribusiness with diversified operations in more than 10 countries across four continents.
Diversification has driven Malaysia to unprecedented growth rates in the past few years. From commodities to non-commodities and from raw commodities to processed goods, the economy has diversified horizontally and vertically. Non-resource sectors were particularly strengthened by welcoming foreign investments and talents, while new, hi-tech manufacturing plants have been established to complement infrastructure for traditional industries such as oil and gas.
Diversification has driven Malaysia to unprecedented growth rates in the past few years. From commodities to non-commodities and from raw commodities to processed goods, the economy has diversified horizontally and vertically. Non-resource sectors were particularly strengthened by welcoming foreign investments and talents, while new, hi-tech manufacturing plants have been established to complement infrastructure for traditional industries such as oil and gas.
Propelled by increased spending from the consumer and business sectors, Malaysia's gross domestic product is projected to rise by as much as 5.1 per cent this year.
Propelled by increased spending from the consumer and business sectors, Malaysia's gross domestic product is projected to rise by as much as 5.1 per cent this year.
No less iconic than Weststar Group itself is founder and group managing director Syed Azman Syed Ibrahim, the man behind the grand vision that transcends boundaries in a way Malaysia - and even Asia - has never witnessed before.
No less iconic than Weststar Group itself is founder and group managing director Syed Azman Syed Ibrahim, the man behind the grand vision that transcends boundaries in a way Malaysia - and even Asia - has never witnessed before.
Developing large-scale master-planned communities that foster family and neighbourhood ties, Malaysia-based Perdana ParkCity is building visionary properties. With Asia's growing affluence, booming property market and a rising middle class eager to experience rewarding lifestyles within tranquil, secure and contemporary enclaves, Perdana promotes communities in Malaysia and abroad that imaginatively converge wholesome family values with lifestyle needs.
Developing large-scale master-planned communities that foster family and neighbourhood ties, Malaysia-based Perdana ParkCity is building visionary properties. With Asia's growing affluence, booming property market and a rising middle class eager to experience rewarding lifestyles within tranquil, secure and contemporary enclaves, Perdana promotes communities in Malaysia and abroad that imaginatively converge wholesome family values with lifestyle needs.
Premier holiday destination Langkawi has been awarded as one of the 10 Best Destinations in Malaysia by TripAdvisor Travelers' Choice for the second consecutive year. The world's oldest rock formation, 99 idyllic beaches, 230 species of birds, verdant mangroves and lush jungles are among the natural treasures that make Langkawi the "Jewel of Kedah". Poised to become one of the world's top 10 eco-tourism destinations, Langkawi continues to shine under the management of Langkawi Development Authority (LADA).
Premier holiday destination Langkawi has been awarded as one of the 10 Best Destinations in Malaysia by TripAdvisor Travelers' Choice for the second consecutive year. The world's oldest rock formation, 99 idyllic beaches, 230 species of birds, verdant mangroves and lush jungles are among the natural treasures that make Langkawi the "Jewel of Kedah". Poised to become one of the world's top 10 eco-tourism destinations, Langkawi continues to shine under the management of Langkawi Development Authority (LADA).
Rapid economic and population growth entails an equally fast response when it comes to supporting such transformations. Thanks to Vision 2020, Malaysia continues to illustrate how an emerging market can evolve into a fully-developed nation with a clear path and co-operation among the public and private sectors.
Rapid economic and population growth entails an equally fast response when it comes to supporting such transformations. Thanks to Vision 2020, Malaysia continues to illustrate how an emerging market can evolve into a fully-developed nation with a clear path and co-operation among the public and private sectors.
Despite the oil and gas industry's high-yield potentials, some investors are wary of putting their stake in the volatile industry. Sumatec Resources has found a way to reduce the uncertainty in investing in the oil and gas sector. The company employs a two-pronged approach - transforming the company from a downstream to an upstream player and tapping mature assets with proven reserves.
Despite the oil and gas industry's high-yield potentials, some investors are wary of putting their stake in the volatile industry. Sumatec Resources has found a way to reduce the uncertainty in investing in the oil and gas sector. The company employs a two-pronged approach - transforming the company from a downstream to an upstream player and tapping mature assets with proven reserves.