Sabah & Sarawak
Biodiesel programme to be implemented nationwide starting October
The Ministry of Plantation Industries and Commodities expects the B10 biodiesel programme to be implemented nationwide starting October this year.
Borneo Industrial Fishery to list on OTC Stock Market
Sarawak-based Borneo Industrial Fishery Sdn Bhd (Borneo Industrial Fishery) plans to further list on the New York Stock Exchange (NYSE) within two years.
This was said during the group’s announcement to list on the OTC stock market. The company aims to raise US$15 million (RM55 million) through the offering of a 15 per cent stake.
Pos Malaysia suspends postal services at Mount Kinabalu
Pos Malaysia Bhd has suspended its postal services and retail operations at Mount Kinabalu due to the aftermath of the recent earthquake, it said in a statement.
Palm oil stocks, output and exports rise in May
Malaysia’s palm oil stocks, output and exports rose in May 2015 from the previous month, according to the Malaysian Palm Oil Board (MPOB). In May, total palm oil stocks increased 2.51 per cent to 2.24 million tonnes from 2.18 million tonnes in April.
Export of timber and timber products to reach RM21 bln in 2015
The Malaysian Timber Industry Board (MTIB) expects the export of timber and timber products to increase to RM21 billion this year from RM20.5 billion last year.
‘Celcom’s new data plans a game changer for telcos’
Analysts believe Celcom Axiata Bhd’s (Celcom) introduction of a offering promotional 3GB data at RM38 per month will disrupt competitors within the domestic telco sector.
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National
‘Weakening of ringgit not unusual’
The weakening of the ringgit to an almost nine-year low in the early session Monday is not unusual, in the context of the strengthening of the greenback.
1MDB denies media allegations on transfer of funds
1Malaysia Development Bhd (1MDB) has categorically denied that it ever approved any action to transfer funds from it to a third party, other than the intended beneficiary.
Iskandar Malaysia to launch second CDP end-2Q or early Q3
The second Iskandar Malaysia Comprehensive Development Plan is expected to be launched either at the end of the second quarter or early third quarter of this year. Iskandar Regional Development Authority chief executive officer Datuk Ismail Ibrahim said the second CDP was a review of the first which was launched in 2006.
Biomass industry needs a balanced portfolio
Malaysia’s biomass industry needs to move from the upstream focus of selling commodities to a balanced portfolio of downstream higher value added activities to boost the country’s export revenue.