Editor’s Picks: 14 July 2017

Perodua on Track to Achieve 2017 Sales Target, Proton’s Tanjung Malim Factory To Pioneer Industry 4.0

Perodua is on track to achieve its sales target of 202,000 units this year despite the continuous challenging economic environment. Perodua President and Chief Executive Officer, Datuk Dr Aminar Rashid Salleh said the carmaker sold 99,700 vehicles in the first half of 2017, up 2.4 per cent, compared with 97,400 units sold in the same period last year. He added that Perodua sold a total of 207,100 vehicles last year.

Meanwhile, Malaysia’s national carmaker Proton Holdings is set to be the principal and pioneer automotive factory in the country to implement the new manufacturing technology under the Fourth Industrial Revolution (Industry 4.0). Second Minister of International Trade and Industry, Datuk Seri Ong Ka Chuan, said the factory located in Tanjung Malim, had been selected as the principal automotive factory to implement Industry 4.0, thus making Perak the pioneer state in the country to implement the concept.

Wholesale, Retail Trade Sales Value Up 10.7 % In May

The sales value of wholesale and retail trade grew 10.7 % to RM96.9 billion in May compared to RM87.5 billion in the same month last year. The Department of Statistics Malaysia said the growth was supported by the increase in retail trade by 13.1 per cent year-on-year to RM37.2 billion. It said the volume index of wholesale and retail trade rose 8.2 per cent to 156.6 points in May 2017 compared to May 2016, lifted by the increase in retail trade by 10.7 per cent to 153.2 points. The department said the wholesale trade business sales value saw a nine per cent growth to RM46.9 billion from the corresponding month last year while the volume index of wholesale trade grew 6.1 per cent to 169.4 points in May this year against May last year.

Securities Commission to Launch SRI Funds Framework by Year-End

The Securities Commission Malaysia will launch a sustainable and responsible investment (SRI) funds framework by year-end to strengthen Malaysia’s position as a centre for Islamic funds and finance. SC Development and Islamic Markets Managing Director Zainal Izlan Zainal Abidin said the framework would enable fund managers to offer products that combined SRI elements and were Shariah-compliant,.

Melaka among top 10 Asian destinations

Lonely Planet has named Melaka among Asia’s top 10 travel destinations. Melaka, which came in at ninth place, saw Lonely Planet recommending boat rides along the Melaka river and the Zheng He Duo Yun Zuan gallery space. It also recommended the weekend Trash & Treasure flea market as a place to search for souvenirs. The 2017 Best in Asia list was topped by China’s Gansu province, for being “blissfully well-connected yet underrated relatively crowd-free”. In second place was the urban scene in the south of Tokyo, Japan while India’s northern Kerala took third place, for “emerging slowly like a butterfly from a chrysalis”.

 

Singapore economy grows 2.5% in Q2

Advance estimates from the Ministry of Trade and Industry showed Singapore’s economy expanded by 2.5 % year-on-year in the second quarter of 2017, holding steady from growth in the previous three months on the back of support from the manufacturing sector. Year-on-year growth for the first quarter was revised down to 2.5 per cent from 2.7% previously. On a quarter-on-quarter seasonally adjusted annualised basis, gross domestic product (GDP) grew 0.4 per cent during the April to June period, reversing from the 1.9 per cent contraction in the first quarter. The manufacturing sector remained the growth driver, with expansion of 8.0 per cent on a year-on-year basis in the second quarter.

 

 

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