Graft in Petronas, LIMA, Inflation Take Up Salient Headlines

MACC Investigates Alleged RM399 Million Contract Award By PETRONAS To Foreign O&G Company

The Malaysian Anti-Corruption Commission has opened an investigation paper into allegations of graft involving a Petronas project and an international oil and gas company.

MACC said Petronas has provided its full cooperation regarding the investigation, which allegedly involves a RM399 million project in Sarawak.

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Malaysia’s Inflation Rises At Slower Rate To 3.3% In April 2023, DOSM Finds

Malaysia’s inflation increased at a slower rate to 3.3 per cent in April 2023 with the index points recorded at 130.0 as against 125.9 in the same month of the previous year. The increase in Malaysia’s inflation was still driven by Restaurants & Hotels (6.6%) and Food & Non-Alcoholic Beverages (6.3%). Nevertheless, the slower increase in the Transport group of 2.3 per cent as compared to March 2023 (2.4%) to a certain extent offset Malaysia’s inflation from continuing to rise higher.

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Of LIMA And Security Dilemma

The LIMA 2023 event showcases our growing capacity in leading the region as the next frontier of defence and security hub in spearheading both defence hardware development and dialogue mechanisms in conflict management. Malaysia’s role in ASEAN and the various conflict prevention measures have been centred on expanding the platform to accommodate different perspectives and in bringing diplomacy, dialogue and confidence-building measures to the forefront as the right postures in preventing risks of conflicts and reducing tensions.

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All MOUs Between Malaysia, China To Be Evaluated In Transparent, Comprehensive Manner: Zafrul

All memoranda of understanding (MoUs) signed between Malaysian and Chinese companies recently would be evaluated in a transparent and comprehensive manner by the MoU Evaluation Committee, whose members are from several ministries and investment-related agencies.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said the ministries involved included the Ministry of Finance which would certify that the companies involved are not blacklisted by the ministry while the Foreign Ministry would examine the implications of the MoUs on Malaysia”s foreign policy.

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Helming A Determined Resolve To Uplift Malaysia’s Human Capital

The availability of a skilled workforce is necessary to support the transition of all economic sectors towards knowledge-intensive activities, drive labour productivity gains, and attract investment into Malaysia. Human capital development is a critical enabler for driving and sustaining Malaysia’s economic growth.

An efficient and inclusive labour market will resolve mismatches in workforce demand and supply, and enable all Malaysians to participate in and benefit from the nation’s economic growth. Investments in education also play a pivotal role in improving social mobility and the wellbeing of the rakyat.

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Anwar: T20 Segment Will Not Benefit From Electricity Subsidy, Haj Financial Aid Anymore

The high-income group (T20) in the country will not benefit from electricity subsidies and haj financial assistance, said Prime Minister Datuk Seri Anwar Ibrahim.

He said the Main Database (PADU) would be used to manage and coordinate the distribution of subsidies to eligible groups.

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The role of industrial devices in maximizing efficiency and productivity for Industry 4.0

Analytics, automation, and manufacturing technology – better known collectively as Industry 4.0 – have emerged as industry disruptors and growth drivers in all countries, and Malaysia is no exception. Leveraging Industry 4.0 technologies is expected to increase productivity by 30% across all sectors in Malaysia by 2030, which will give rise to better services, more skilled talent and increased production of higher-value products.

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