JAKARTA, 15 Okt -- Menteri Perdagangan Antarabangsa dan Industri Datuk Seri Mustapa Mohamed menjawab pertanyaan media mengenai hubungan kerjasama antara Malaysia dan Indonesia dalam sektor perdagangan antabangsa sempena lawatan kerja beliau ke Jakarta. --fotoBERNAMA (2015) HAK CIPTA TERPELIHARA

Fund to help public-listed SMEs
Government-linked investment companies (GLICs) will allocate up to RM3 billion for investment in small and medium public-listed entities on Bursa Malaysia to boost liquidity and investors’ interest. Second Finance Minister Datuk Seri Johari Abdul Ghani, said the equity and capital markets are an important conduit to the broader economy and small and medium enterprises are integral to Malaysia’s economy. He was speaking to about 200 fund managers, brokers, remisiers, research analysts and media practitioners at the launch of Mid & Small Cap Research Scheme in Kuala Lumpur. The seven GLICs are the Minister of Finance Inc, Permodalan Nasional Bhd, Khazanah Nasional Bhd , the Employees Provident Fund, Lembaga Tabung Angkatan Tentera, Lembaga Tabung Haji and KWAP .Bursa Malaysia, as administrator of Mid & Small Cap Research Scheme, has been tasked to promote small and medium public-listed entities via roadshows to investors and traders. Bursa Malaysia chairman Tan Sri Amirsham A. Aziz said the Capital Market Development Fund would pay 22 research houses to analyse 100 small and medium listed companies for three years to spur capital market liquidity.

Malaysia to cut oil production
Malaysia has pledged to cut its oil production by 20,000 barrels per day following a decision by the Organisation of the Petroleum Exporting Countries (OPEC). Minister in Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan announced this after a meeting between OPEC and non-OPEC countries in Vienna, Austria.

Meeting in Vienna, energy ministers from both Opec and non-Opec countries agreed to maintain output curbs, due to expire next month, until March 2018. Opec countries and 11 other oil-producing nations, including Russia, first agreed to reduce production last December in an effort to boost flagging prices. The reduction was almost 1.8 million barrels per day – equivalent to about 2% of global oil production. Analysts criticised Opec’s failure to make deeper cuts to production.

SC sues seven people for alleged insider trading
The Securities Commission (SC) has filed a civil suit against seven persons at the Kuala Lumpur High Court for alleged insider trading involving the shares of Worldwide Holdings Bhd, a company previously listed on Bursa Malaysia. The seven are Datin Paduka Low Siew Moi, Datuk Ter Leong Yap, Ter Leong Hing, Tan Cheng Teik, Liaw Huat Hin, Hoi Main Seng and Chua Keng Hong. They were alleged to have been involved in the insider trading of Worldwide shares between 2006 and 2007.

Malaysia Airlines saw significant growth in 1Q 2017 but remains cautious.
Malaysia Airlines continued to see strong bookings after a tough Q1 FY17 with a 45% improvement in forward bookings for the next six months from June to November 2017 compared with a year ago. Announcing the results of its performance, the national carrier said however, it was maintaining its cautious outlook for the year due to a more aggressive price war on the domestic market, a weak ringgit and increased fuel prices. Group CEO Peter Bellew however added that despite the headwinds, the national carrier was still on track to be sustainably profitable by 2018.

ASEAN Circle To Brainstorm New Ideas For AEC

The ASEAN Circle will be established to brainstorm new ideas to boost trade among the ASEAN Economic Community (AEC). Malaysia’s Minister of International Trade and Industry, Minister Datuk Seri Mustapa Mohamed (pic) said the programme would be launched on June 18 and was expected to be attended by some 40 corporate figures, academicians and top government think tanks to conceptualise new ideas through regular discussions and brainstorming sessions. He said the programme would also focus on matters pertaining to non-tariff measures which pose hurdles to trade between ASEAN countries. ASEAN, with 630 million population, has grown rapidly and registered a strong Gross Domestic Product growth of 4.7 per cent in 2016.

JAKARTA, 15 Okt — Menteri Perdagangan Antarabangsa dan Industri Datuk Seri Mustapa Mohamed menjawab pertanyaan media mengenai hubungan kerjasama antara Malaysia dan Indonesia dalam sektor perdagangan antabangsa sempena lawatan kerja beliau ke Jakarta.
–fotoBERNAMA (2015) HAK CIPTA TERPELIHARA