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Lower import duty on fabrics, urge garment makers
THE Malaysian Garment Manufacturers Association (MGMA) has called for a further reduction in import duty for all garment fabrics in an effort to stave off #147;very stiff#148; competition from lower-cost producing countries.
Manufacturing growth may slow
The manufacturing sector may grow at a lower rate this year than the 5% forecast earlier, said International Trade and Industry Minister Datuk Seri Rafidah Aziz.
RM1.3m for NAM delegates’ travel
THE Government spent RM1.3mil ontravel expenses for delegates from 15 less developed countries attending the recent Non-Aligned Movement Summit.
CPO to consolidate in band trade
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
Brokers' Call
ON Wednesday, the Malaysian Palm Oil Board released palm oil statistics for February. Production declined by 11.3 per cent month-on-month (m-o-m) and 1 per cent year-on-year (y-o-y). Exports were down 20 per cent m-o-m but up 2.4 per cent y-o-y. Stocks inched down by 1 per cent m-o-m.
Doors open to overseas diamond merchants
CHINA welcomes overseas businessmen to become members of China's sole diamond exchange centre #8211; Shanghai Diamond Exchange (SDE) and run diamond businesses in the Chinese mainland.
Grundig poser for Megan Media
THE market is rife with speculation that main board listed optical data storage manufacturer Megan Media Holdings Bhd may lose its largest customer Grundig AG.
Customs Dept collects a record RM21bil
Changing its role from a tax receiver to a tax collector has enabled the Royal Customs Department to bring in a record RM21bil in revenue last year, a significant 17% increase compared to 2001.
CPO to move sideways to lower
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
Modenas set to ride high with Karisma
NATIONAL motorcycle maker Moto-sikal dan Enjin Nasional Sdn Bhd (Modenas) expects to increase its share of the local motorcycle market from 40% to 45% this year, thanks to a surge of interest in the first national 125cc scooter I>Karisma,/Iwhich was launched in Kuala Lumpur yesterday.
