It would be a healthy year for the construction industry with support expected in the next two quarters from projects awarded under the RM60bn second stimulus package, Master Builders Association Malaysia (MBAM) said. "After that, we will see how the 10th Malaysia Plan (is working) as the effects will be seen by year end and next year," its President Datuk Ng Kee Leen added. (Bernama)
Tourist arrivals increased 5.0% yoy to 5.75m in Jan-Mar this year compared with 5.46m in the same period last year. Tourism Ministry secretary-general Datuk Dr Ong Hong Peng said that the Influenza A (H1N1) disease did not have any effect on tourist arrivals. The ministry is expecting 24.0m tourist arrivals for this year with a targeted revenue of RM56.0- 57.0bn (23.65m and RM53.4bn in 2009). (The Star)
The Government will look into ways to get more bumiputra entrepreneurs to graduate from traditional businesses to a more “advanced” manufacturing sector. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said only 3% of bumiputra enterprenuers had companies with turnover exceeding RM25m a year, who are mostly operated in Terengganu and Kelantan. (The Star)
Three medical device multi-national corporations (MNCs) are planning to set up manufacturing facilities in Penang, lending further credibility to the state’s growth as a medical device hub. One of the three incoming MNCs, Accellent Inc, is looking to invest over RM300m in manufacturing facility at the Bukit Minyak Science Park (BMSP). The other two MNCs are from US and Germany. The Association of Malaysian Medical Industries (AMMI) said the medical devices industry in the country should register double digit growth this year. (StarBiz)
This year’s International Halal Showcase (Mihas 2010) is expected to see more sales and deals as a result of the improving economy, said Datuk Mohamad Kamarudin Hassan, deputy chief executive officer of Matrade. Last year, Mihas generated total sales of RM3.23bn. (Malaysian Reserve)
The “ultimate” government service is for it to be accessible and mobile so the public can get things done in the simplest and shortest manner. “It is incredible how the use of IT can improve services, including that provided by the Government, and boost productivity,” Chief Secretary to the Government Tan Sri Sidek Hassan said. He added that US$9.5bn (RM29.5bn) had been allocated by Microsoft this year for research and development. (The Star)
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