Editor’s Picks: 10 July 2017

Gross Output Value Of Manufacturing Sector Rises To RM1.14 tri
The gross output value of Malaysia’s manufacturing sector rose to RM1.14 trillion in 2015 compared to RM836.5 billion in 2010, with 6.4 per cent compound annual growth rate (CAGR) value per annum. The Department of Statistics Malaysia said the gross output value registered was the first achievement throughout the Economic Census. It said the electrical, electronic and optical products sub-sector was the largest contributor with RM322 billion (28.2 %).

PM Najib: Malaysia Airlines to report profit in 2018
Prime Minister, Datuk Seri Najib Tun Razak said Malaysia Airlines was expected to be in the black next year. He said the five-year restructuring plan has started to bear fruit. “We focused on stabilising Malaysia Airlines’ finances for the first phase of the plan, which has been achieved,” Datuk Seri Najib said.

CGC Chalks Up 444,700 Guarantees Worth RM63.7 bln Since Inception
Credit Guarantee Corp Malaysia Bhd (CGC) has made available over 444,700 guarantees and financing to small and medium-sized enterprises (SMEs) valued over RM63.7 billion since its establishment in 1972. CGC operates through 16 branches nationwide, offering a wide range of products and services to suit the diverse needs of SMEs. CGC, in collaboration with the Chinese Chamber of Commerce & industry of Kuala Lumpur & Selangor (KLSCCCI), today hosted the fourth edition of the Coworking Space event which focused on utilising co-working space. Co-working space is all about sharing facilities such as rented offices, desk spaces on a shared floor, with flexible terms and shorter period. CGC has currently 17 commercial and 15 Islamic banks, seven development financial institutions participating in its guarantee schemes in providing financing to SMEs through a network of more than 2,600 branches nationwide.

Thailand launches Strategic Talent Centre to boost technology, science sectors
THAILAND is supporting investors by setting up the Strategic Talent Centre (STC) to enable the private sector to have easier access to the available pool of manpower in the field of science and technology and to facilitate the entry of foreign science and technology experts in demand. The move aims to encourage manpower as an important capital for business and a significant driver of the country’s “Thailand 4.0” policy. The centre will help identify Thai and foreign nationals with specialised skills across the technology and innovation arena.

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