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The Germany-Malaysia Joint Economic Committee (GMC) was officially established here last week following the signing of a joint declaration between International Trade and Industry Minister Datuk Seri Rafidah Aziz and Germany's Minister of Economy and Labour, Wolfgang Clement.
Malaysia, Singapore and Taiwan are pioneering cross-border electronic trade facilitation - the first to do so globally - and in the process have drawn interest from not only developing countries, but also from western Europe.
Where before it took two workers 12 hours to process documents for an export consignment through Port Klang, now one clerk completes the task in a mere 15 minutes. Where there used to be a document error rate of 40% , it is now 5%. Cargo turnaround time has been reduced from four to two days.
THE Securities Commission (SC) released its guidelines on real estate investment trusts (REITs) yesterday in an effort to accelerate the growth of and establish a vibrant and competitive REIT industry in Malaysia.
Education is a life-long quest that should and could broaden a person#8217;s outlook, opening him or her to new experiences. It should make people independent and disciplined in their thinking, and deeply committed to some productive activity, besides possessing convictions based on an understanding of the world and on their own integration of personality.
BANK Negara clarified yesterday that cash remittances for overseas investment by individuals under its relaxed rules would still have to be done through the banking system and that the current limits on cash and traveller#146;s cheques that may be carried into or out of the country would remain.