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Kuala Lumpur has been ranked among the top cities with the best integrated development in South-East Asia, second only to Singapore.

The study by Dr Mario Arturio Ruiz Estrada, a senior research fellow at Universiti Malaya, ranked Kuala Lumpur higher in social and political dimensions compared to Singapore.

“Singapore portrays itself as a developed nation but many do not realise its social and political weaknesses. For example, how many political parties are there in Singapore?

“You can’t see big opposition parties like DAP and PAS contesting in the general election there. Here, you are allowed to protest on the streets,” said Dr Ruiz Estrada at a recent seminar organised by UM’s Centre for Poverty and Development Studies (CPDS).

The study was part of an index which he was working on called the integrated gross city internal product (IGCIP).

Dr Ruiz Estrada explained that IGCIP was a more holistic measure of a city’s socio-economic performance compared to that of the Gross Domestic Product.

“The GDP does not tell you the share of wealth among a country’s citizens. And it is impossible to perfectly calculate the GDP.

“As such, there needs to be an index which can capture the social aspects, including the welfare of the people,” he added.

Dr Ruiz Estrada said the IGCIP was divided into four dimensions – social, politics, technology and the economy.

Malaysia rated 0.50 on the IGCIP.

This made it above Bangkok (0.39), Jakarta (0.29) and Manila (0.27) but below that of Singapore (0.59).

He added that socially, Singapore also faced inequality in terms of wealth.

Citing Credit Suisse, Dr Ruiz Estrada said 73% of Singapore’s wealth was owned by the wealthiest 20% of its population, which he described as “the elites”.

Dr Ruiz Estrada, who has been working in Malaysia for the past 16 years, said the study was not meant to criticise any country but to identify areas which could be improved for the welfare of its citizens.

“It is to tell you where the problems lie and how they can be addressed using policies,” he said in an interview after the seminar.

In Malaysia’s case, Dr Ruiz Estrada said the country could improve on its social and political development.

The study, which covers 100 cities, is expected to be published in October after a three-year effort by Dr Ruiz Estrada.

KL ranked among top cities

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International Living, in its Annual Global Retirement Index 2017, honoured Malaysia for the third consecutive year by singling out the country as having the “Best Healthcare in the World”

This is indeed a praiseworthy international recognition, as Malaysia tops a list of 24 countries. The ranking is based on:The price of medical proceduresFacilities availableQuality/number of hospitalsQuality/number of trained doctorsAffordability of care

The 24 countries in the listing by International Living are: – 1. Malaysia 2. Mexico 3. Panama 4. Ecuador 5. Costa Rica 6. Columbia 7. Spain 8. Nicaragua 9. Portugal 10. Malta 11. Honduras 12. Thailand 13. Italy 14. Peru 15. Belize 16. France 17. Cambodia 18. Bolivia 19. Philippines 20. Dominican Rep. 21. Ireland 22. Guatemala 23. Uruguay 24. Vietnam

This accomplishment is testament to Malaysia’s well-developed healthcare system which is highly accessible, has competitively affordable rates, and is of world-class quality.

“The government, through the Ministry of Health, ensures stringent and rigorously-observed regulations are put in place to safeguard impeccable standards of quality, safety and ethics in Malaysian healthcare services as a whole, whilst also ensuring that healthcare in Malaysia remains accessible to anyone who needs it,” said Datuk Seri Dr S. Subramaniam when commenting on the index.

“The Ministry is humbled and inspired by this recognition and shall continue our commitment in providing the best quality healthcare for our patients,” he added. –BERNAMA641 reads

(File pix) Malaysia tops a list of 24 countries as the country with the “Best Healthcare in the World”. NSTP Photo.

Source: NSTP

International Living rates M’sia’s healthcare system as world’s best

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RAM Rating Services Bhd has reaffirmed Malaysia’s respective global and Asean-scale sovereign ratings of ‘A2/stable’ and ‘AAA/stable’, respectivly, reflecting the countrys resilient economic growth and the Government’s fiscal consolidation efforts.

In a statement on Wednesday, RAM said, although Malaysia’s external-resilience parameters had worsened amid a sustained fall in commodity prices and the country’s reduced foreign exchange reserves, they were still supportive of its current ratings.

The agency said Malaysia’s ratings remained constrained by high government and household debt levels.

Its head of sovereign ratings, Esther Lai, said the country’s economy was forecast to expand at a marginally faster pace of 4.5% in 2017 from an estimated 4.2% in 2016, underpinned by growing private domestic demand and a diversified economic structure.

“This pace of economic activity remains resilient despite various growth headwinds, which include the increase in prices of various consumer goods, persistent depreciation of the ringgit and heightened global risk aversion to emerging markets,” she said.

Meanwhile, RAM said, Malaysia’s current account surplus was expected to remain in surplus at 1% of gross domestic product (GDP) in 2017 (2016 estimate: 1.3%), attributable to sustained demand for capital imports and low oil prices.

On the Federal Government debt, RAM said, it was expected to decline to 52% of GDP in 2017 from 53.4% in September 2016 due to fiscal consolidation efforts and the transfer of debt off balance sheet.

The agency said the adjusted government debt, which included debt (both guaranteed and non-guaranteed) issued by strategic public sector entities, was estimated to reach 66.4% of GDP by end-2016.

“This level is higher than that of regional peers and is a key moderating factor of the ratings.

“That said, the debt structure remains favourable, as most of the papers are denominated in ringgit (96.5%) and are generally long-tenured,” it said.

It said amid the still volatile external conditions, Malaysia’s ratings could be revised downwards if its fiscal position deteriorated as a result of rising on and off balance sheet debt.

“Similarly, the ratings could face pressure if there is a persistent current account deficit or if there are significant deviations in the country’s economic or fiscal reforms,” it said. – Bernama

Source : The Star

RAM reaffirms Malaysia’s global, Asean-scale sovereign ratings

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Malaysia views Russia – the biggest country in the world – as a potential investor to cater to regional customers.

Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud said Mida would make more effort to reach out to potential Russian investors.

He said there were several Russian companies which had already invested in the country in the food, transportation and machinery-based sectors.

“However, the number of Russian investors in the country is still small and we want to see more investors, especially those involved in technology-based activities,” said Azman.

He said Russian manufacturers could use Malaysia’s strategic location along the world’s busiest shipping lane to penetrate markets in the Asia-Pacific region.

Azman was speaking to reporters during the ground-breaking ceremony of Norman Process Oils Malaysia Plant Sdn Bhd’s RM240mil plant at the Tanjung Langsat industrial area in Pasir Gudang.

Norman Process Oils is the subsidiary of Russia’s Nizhny Novgorodbased Orgkhim Biochemical Holding, the second-largest producer of safe petroleum-based extender oils for “green” tyre production.

“The RM240mil investment by Orgkhim Biochemical is so far the single largest of investments by a Russian company in Malaysia,” he said.

Also present were Johor Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong and Orgkhim Chemical CEO Nikolay Khodov.

Khodov said the Johor plant, the company’s first outside Russia, would be up and running within the next 15 months to produce petroleum-based extender oils used in tyres and synthetic rubbers.

The plant would be able to produce about 70,000 tonnes of extender oils yearly to cater for the China, Malaysia and Singapore markets which currently comes from the Russian plant.

“We want to better serve our clients in this part of the world by having a presence nearer to them and to attract new clients along the way,” said Khodov.

Source: The Star

Mida reaching out to more Russian investors

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The government is aggressively undertaking various efforts to assist industry players in embracing Industry 4.0 through the adoption of automation and smart manufacturing.

Malaysian Investment Development Authority (MIDA) strategic planning (manufacturing) executive director Zabidi Mahbar said Ministry of International Trade and Industry (MITI) and MIDA are heavily involved in formulating strategies and conducting related research.

“The research includes the “Future of Manufacturing” Study on the 3+2 catalytic and high growth potential sectors identified under the 11th Malaysia Plan and the National Plan for Industry 4.0,” he said in his keynote address during the East Malaysia Domestic Investment Seminar in Sabah, today.

He said both research documents are expected to be completed by the first quarter of 2018.

“Since 2015, the government has provided a facility in the form of Automation Capital Allowance for automation expenditure to assist manufacturing companies in embracing this new concept,” he added.

As at October 2017, MIDA has approved a total of 71 applications of which two applications approved were from Sabah.

In the recent Budget 2018, the government highlighted several new incentive packages to accelerate the growth and adoption of smart manufacturing and Industry 4.0 in Malaysia.

“With these facilities in place, we would like to encourage more companies to adopt smart manufacturing technologies and processes that will in return serve them well by reducing dependency on foreign labour, improve productivity and enhance their long term competitiveness,” Zabidi said.

He pointed out as the principal investment promotion agency of Malaysia, MIDA seeks to attract quality investments, which would have spillover effects towards generating greater prosperity for Malaysians.

“Sabah is certainly one of the recipients of such investments. As at December 2016, a total of 757 manufacturing projects with investments worth RM19.7 billion have been implemented in the state,” he said.

Zabidi said there are more than 91,000 Sabahans have benefitted from these projects through employment and Sabah continues to attract additional approved investments of more than RM400 million this year.

The approved investments include in the services sector particularly the hotel and tourism; energy generation and conservation projects, and in the manufacturing sector in the first half of 2017.

“We know that a comprehensive ecosystem will be a natural magnet for investments. With that in mind, the government continues to undertake concerted efforts to put in place the required enablers that will support investors in doing their business in this country.

“We are optimistic the latest infrastructure development project such as the Pan Borneo Highway will be an impetus to attract more quality investments into East Malaysia, particularly in the targeted sectors such as petroleum products, chemical and chemical products, oil & gas, building materials, food manufacturing, furniture, tourism and agriculture,” Zabidi said.

More than 200 industry players attended the one-day programme, which was part of MIDA’s continuous efforts to update the industry players especially in East Malaysia on the latest policies and facilities that are available.

It also featured two plenary sessions moderated by Federation of Malaysian Manufacturers (FMM) and Persatuan Usahawan Maju Malaysia (PUMM) and key speakers from MIDA, Malaysia External Trade Development Corporation (MATRADE), SME Corporation Malaysia (SME Corp), Halal Industry Development Corporation (HDC), Small Medium Enterprise Development Bank Malaysia (SME Bank), Malaysian Industrial Development Finance (MIDF), and Credit Guarantee Corporation (CGC).

The event also featured business clinic sessions that enabled participants to engage and obtain direct consultations with various agencies at both federal and state levels.

Source: NST

Government assists industry players to embrace Industry 4.0

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The Malaysian Investment Development Authority (MIDA) welcomes more original equipment manufacturers (OEMs) and Tier 1 companies to be involved in the aerospace industry, said its Chief Executive Officer, Datuk Azman Mahmud.

He said Malaysia’s aerospace sector has tremendous opportunities and has been identified as a strategic industry under the Malaysian Aerospace Blueprint and 11th Malaysia Plan.

“Hence, MIDA welcomes more OEMs and Tier 1 companies to be involved in the industry. To develop the aerospace industry we need to create a strong ecosystem spearheaded by major aviation companies,” he said at the ceremony to deliver the first fan case produced for Rolls-Royce by UMW Holdings Bhd’s unit, UMW Aerospace Sdn Bhd, in Serendah, Selangor.

He said UMW Aerospace aimed to achieve full-production capacity of 250 cases annually in 2020. The engine fan casing, one of the largest and most complex parts of the engine to manufacture, would bring along many spill-over effects, said Azman.

“We are excited that this project will provide 166 high-income job opportunities for Malaysians, whereby the local workforce will be able to migrate to higher value manufacturing in precision machining and assembly of aerospace parts,” he said.

Presently, Malaysia is home to 66 companies involved in maintenance, repair and overhaul (MRO) activities, 33 in aero-manufacturing, 25 in education and training, 11 in systems & integration as well as engineering & design.

In addition to UMW, local players like SME Aerospace, CTRM Aero Composite, Sepang Aircraft Engineering, Airod and Malaysian Aerospace Engineering had demonstrated their capabilities in meeting stringent demand of the OEMs and thus are successfully involved in the global supply chain.

The industry is projected to contribute revenue of RM20.4 billion for MRO, RM21.2 billion for aero-manufacturing and RM13.6 billion for engineering and design services by 2030, he added.

Source: Bernama

MIDA Welcomes More OEMs, Tier 1 Firms To Aerospace Sector

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The Malaysian Investment Development Authority (MIDA) aims to create opportunities for small and medium enterprises (SMEs) to access the global market and encourage multinational corporations (MNCs) to utilise local products and services.

Deputy Chief Executive Officer, Datuk N. Rajendran, said the strong presence of MNCs and large local corporations in Sarawak which had made significant investments in the state hold promise for business collaboration and opportunities within the region.

“Sarawak is certainly one of the many appealing investment destinations within Malaysia and to date, a total of 745 manufacturing projects with investments worth RM71.2 billion have been implemented in the state,” he said in a statement here.

He said this during the Supply Chain Conference for Sabah and Sarawak held in Kuching today.

MIDA has earlier organised four supply chain conferences in various regions in Malaysia, focusing on the respective region’s economic strengths.

“With this initiative, which definitely will continue in the future, we hope that more local players would be able to build up their capacities by integrating themselves into the MNC’s supply chain,” he said.

He added that the SMEs also needed to raise their efficiency levels, strengthen inter-firm linkages and respond timely to market changes in order to remain relevant and competitive.

Source: Bernama

MIDA To Help SMEs Gain Access To Global Market

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Malaysian Investment Development Authority (MIDA) expects more multinational companies to populate Tun Razak Exchange (TRX), KL’s international financial district.

Today MIDA in collaboration with TRX City hosted foreign chambers of commerce on a visit to TRX. The private event was attended by delegates from various chambers of commerce representing six of Malaysia’s prominent trading partners; India, New Zealand, France, Japan, Australia and South Korea.

This visit is part of MIDA’s initiative to highlight investment opportunities in high-impact projects like TRX to the international business community.

MIDA chief executive officer Datuk Azman Mahmud said it sees TRX as a long-term profitable location for businesses to expand due to its excellent accessibility and connectivity to the vibrant ecosystem available in the existing city centre and the rest of Greater Kuala Lumpur.

“It offers exciting prospects for companies seeking to centralise their key functions in one location and streamline their global support services to enhance efficiency and productivity.

“By locating here, companies can be closer to an established supply chain and matured workforce. Given the strategic value propositions, we expect many more multinational companies (MNCs) and local conglomerates to seize these budding opportunities and increase their competitiveness by setting up their operations in TRX,” he said.

As to date, MIDA has approved 26 Principal Hub companies from different industries such as electrical & electronics, food & beverage, oil & gas and consumer products.

MIDA said these approved projects will significantly impact Malaysia’s economy over the next 10 years by creating over 1,800 high value jobs and incurring RM16.8 billion in business spending.

TRX City chief executive officer Datuk Azmar Talib said TRX will be KL’s best international business address and the city’s new central business district, backed by resilient infrastructure, sustainable features and liveable public spaces.

A 70-acre development, TRX aims to strengthen Kuala Lumpur’s position as a leading centre for international finance and business by creating a seamless and central business environment for financial services firms, MNCs and supporting ancillary businesses.

To date, TRX has signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter; HSBC Malaysia, Prudential and Affin Bank Berhad for office towers; Indonesia’s leading property developer Mulia International to develop the Signature Tower plot; Lembaga Tabung Haji and WCT Bhd for residential plots, and global leader in water management Veolia Water Technologies as the water treatment and recycling concessionaire.

Awarded with Malaysia’s first provisional neighbourhood-level GBI Township Platinum certification, TRX’s masterplan combines sustainability, attractive public domains and great connectivity to create a world-class international financial district.

Source: NST

MIDA expects more MNCs to populate TRX

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Dato’ Azman Mahmud, CEO of MIDA talks to Japan and The World Magazine on the latest investment opportunities in Malaysia and how innovation is helping the country to move up the value chain. According to him, Malaysia’s aim is to advance technological improvements with commercial potential, pushing Malaysia’s industries ahead of its competitors. By strengthening the innovation ecosystem, the country develops a conducive environment to sustain its economy.

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Malaysia Innovating Its Development

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The Frankfurt office of the Malaysian Investment Development Authority (Mida) is optimistic about its prospects in attracting foreign direct investment (FDI) to Malaysia from the four countries under its jurisdiction this year.

Its director, S. Siva, said the confidence stemmed from MIDA Frankfurt’s performance in 2016 which he described as a fairly good year.

Besides Germany, Mida Frankfurt has jurisdiction over Belgium, Luxembourg and the Netherlands.

Mida Frankfurt has surpassed the target parameters or key performance index for 2016 as set by its headquarters in Kuala Lumpur.

Malaysia drew total investments worth RM3.884bil in manufacturing and RM570mil in services from Germany during the January-November 2016 period, according to Mida figures.

“I’m satisfied with the progress made last year. Netherlands has emerged as the largest single investing nation in Malaysia with investments worth RM3.031bil in the first nine months of last year,” Siva told Bernama in an interview at his office in Frankfurt.

The total investment from the Netherlands amounted to RM977mil in 2015.

Dutch companies are involved in various projects in Malaysia. They include the Pengerang Terminal, Oryx Stainless, Press Metal Bintulu, Benchmark Electronic, Volvo Car Manufacturing, and Teleplan Technology.

Germany’s FDI inflow into Malaysia during the January-September 2016 period was worth RM1.541bil and RM1.161bil for the whole of 2015.

Major investors from Germany include Osram Opto Semiconductors, Infineon Technologies, Sew Eurodrive, and Hubner Malaysia.

Mida Munich also played its part in attracting investments from Germany.

The FDI from Belgium amounted to RM585mil during the January-September 2016 period, while that of the small landlocked nation of Luxembourg was RM539mil.

Belgian companies that made their presence in Malaysia include X-FAB Sarawak, Melexis and GOI Chemicals, while the sole investor from Luxembourg was St Jude Medical Operations.

Siva said Lufthansa Technik was keen to set up a maintenance, repair and overhaul facility in Kuala Lumpur, while Volkswagen Group was relocating its Asia-Pacific after-sales centre from Singapore to Malaysia, but he declined to give details of the big-ticket investment decisions.

“Many potential investors and corporate executives are attracted to Malaysia’s strategic location, coupled with the availability of raw material and access to the huge hinterland market of the Asean Economic Community,” he said.

Mida Frankfurt also plans a host of investment-promotion activities in 2017, including a visit by International Trade and Industry Minister Datuk Seri Mustapa Mohamed to Hamburg in March this year.

Buoyed by the success of the inaugural Asean Investment Forum (AIF) here last year, Siva said MIDF Frankfurt planned to hold the second AIF this year with the participation of the investment-promotion offices of the Philippines, Thailand and Vietnam in Germany.

It will be held in partnership with the Singapore-based EU-Asean Business Council, the World Trade Institute, the Frankfurt Chamber of Commerce and Industry, and the German Business Council on Asia Pacific.

“I hope the AIF will be institutionalised as a yearly event,” he said.

Siva said MIDA Frankfurt would also hold an investment seminar for German small and medium enterprises in collaboration with the German SME Association and several banks.

Other events in the pipeline include a job fair to connect German companies operating in Malaysia with potential candidates from the growing pool of Malaysian students studying engineering at German institutions of higher learning.

Some 900 Malaysian students are pursuing higher studies at various German technical universities and institutes.

Mida Frankfurt also plans to hold a seminar on high-tech industry in collaboration with the European School of Management and Technology, and Malaysia’s Ministry of Human Resources and K-Pintar, a Malaysia human resources company. – Bernama

Source : The Star

Mida Frankfurt optimistic of 2017 investment prospects

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Malaysia’s Aladdin Street is tapping into the vast halal market of China with the launch of the first syariah-compliant e-marketplace in the country.

Like other e-commerce platforms of the company, www.aladdinstreet.com.cn sells halal groceries and products, as well as those that do not require halal certificates.

Among the items are food stuffs, cosmetics, healthcare and skincare products.

Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong, who launched the e-marketplace here yesterday, said the halal industry, which is gaining speed globally, would be the next wave to shake the e-commerce sector.

He said that cross-border e-commerce has huge potential to grow, and added that the industry recorded a growth of some 30% annually in China, with total retail sales of more than 3.02 trillion yuan (RM1.95 trillion) from December 2016 to May this year.

“In the first quarter of this year, Chinese consumers spent over 1.4 trillion yuan (RM900bil) on online shopping, more than double the amount that was spent in the US,” he said when addressing an audience at the Suzhou International Expo Centre.

Dr Wee said due to its high birth rate, the Muslim world is the fastest growing community, making up 25% of the world’s population.

So, the halal industry could prove to be the next emerging sector with huge opportunities, he added.

“By 2030, the total purchasing power of Muslims in the South-east Asia region will hit more than US$298.9bil (RM1.2 trillion).

“Halal products not only attract Muslims as non-Muslims are also interested in them, so the growth of this industry is immeasurable,” he added.

Also present at the opening ceremony were Malaysian Ambassador to China Datuk Zainuddin Yahya, Aladdin Street co-founder Datuk Dr Sheikh Muszaphar Shukor and Aladdin Street China chairman Kenneth Lee.

Dr Sheikh Muszaphar said the company aimed to capture the Chinese market of 1.3 billion people, of whom more than 25 million are Muslims.

“This is a platform for Chinese consumers to purchase halal-certified products curated from all over the world and for manufacturers and vendors to export their products worldwide,” he added.

Earlier, Dr Wee also briefed an audience on business and investment opportunities in Malaysia at the forum titled “Belt and Road Business Exploration” at the same venue.

Source: The Star

Rubbing the halal lamp

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Serba Dinamik Holdings Bhd is going to jointly set up and operate a chlorine skid mounted chlor-alkali plant in Tanzania, which marks its expansion into the African continent.

Its wholly-owned unit Serba Dinamik International Ltd (SDIL) has inked a joint venture agreement (JVA) with Tanzanian company, water-related solution supplier Junaco (T) Ltd (JTL), for the development of the 45-tonnes-per-day plant that will be located on an industrial plot in the Msufini Area, in the Kibaha District Coast Region.

To undertake the project, Serba Dinamik and its partner will set up a special purpose vehicle in Dubai known as Msufini LLC, which will fully own the plant. SDIL will have a 25% stake in Msufini, while JTL will own the remainder.

“Through this JVA, we will be able to expand our business into a new region that is Tanzania, which will ultimately expand our brand recognition into Africa for the first time. We are proud to be able to participate in the engineering, procurement, construction and commissioning (EPCC) works, which is valued at approximately RM295.26 million (US$69.8 million).

“Upon completion of EPCC works and as part of the JVA, SDIL will be appointed as an operation and maintenance (O&M) operator under the O&M agreement for 10 years plus additional 5 years, which will enable SDIL to benefit from a steady income flow in the long term,” said Serba Dinamik’s group managing director/group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah in a statement today.

JTL is a subsidiary of water utility company Junaco Group of Companies Ltd and supplies water meters, water pumps, water treatment chemicals as well as pipes and fittings. It is also involved in the importation and installation of firefighting equipment for the Tanzanian market.

“We believe this proposed JVA will further enhance our earnings and earnings per share in the future through its shareholdings in the joint venture company and contribution from our EPCC and O&M works,” said Mohd Abdul Karim Abdullah.

Serba Dinamik expects the JVA to be completed by the first quarter of 2018. The group’s share price closed unchanged at RM2.33 today, for a market capitalisation of RM3.11 billion.

Source: The Edge Markets

Serba Dinamik inks JV to set up chlor-alkali plant in Tanzania

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More than three years in the making, KNM Group Bhd may finally be able to get its 18mw waste-to-energy power plant in Peterborough, the UK, off the ground.

KNM is expected to announce a joint venture with a China-based counterpart later today to finance the project. If so, it would be a long-awaited catalyst for the group.

According to sources, the Chinese party will be funding the construction cost of the entire project. Early estimates of the project placed the cost around £151 million (RM841.9 million) in capital expenditure (capex) for Phase 1 alone. It is understood that the Chinese party will take on the role as the engineering, procurement and construction (EPC) contractor for the project.

Note, KNM has an 80% stake in the build, own and operate project currently. Sources said that KNM will not relinquish equity in the project. Meanwhile, the deal will allow KNM to defer payment to the EPC contractor till after the plant begins operations.

There is also speculation that the scale of the project could also be upsized ahead of time, from the initial 18mw. Recall, the project was mooted with the possibility of scaling up to 80mw in the future. However, it has proven to be a stumbling block for KNM as well.

With a net debt of RM961.03 million and less-than-stellar earnings in the past couple of years as the company ventured into renewable energy, KNM has struggled to finance the project.

KNM has a market capitalisation of RM618.5 million.

Source: The Edge Markets

KNM to partner with China-based firm for UK power plant Ben Shane Lim

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Malaysia is Top Muslim Travel Spot