Category: Business

At least five foreign investors have expressed their interest in developing Indonesia's new capital city in East Kalimantan, a minister has said, as the government seeks greater private sector involvement in financing the relocation plan. National Development Planning Minister Soeharso Monoarfa said that the prospective investors were from the United Arab Emirates (UAE), the United States (US), the United Kingdom (UK), Japan and Germany.  “Each [investor] has offered their respective capacities and technologies. [Japanese conglomerate] SoftBank, for example, wants to provide autonomous vehicles,” Soeharso said at the Presidential Office on Wednesday, but stopped short of mentioning any details about the German investor. During a recent visit to the UAE, President Joko “Jokowi” Widodo invited Crown Prince Sheikh Mohammad bin Zayed Al Nahyan to join the relocation project's  board of advisors. Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan, who accompanied Jokowi on the visit, said on Jan. 14 that former UK prime minister Tony Blair and SoftBank Group CEO Masayoshi Son were also expected to join the advisory board, as quoted by kompas.com. The presence of internationally renowned figures...

Sabah Chief Minister Datuk Seri Shafie Apdal said the island of Borneo, which is shared by three countries including Malaysia, has the potential to be an economic powerhouse in the Asian region. — Bernama pic TARAKAN (Indonesia), Oct 2 — The island of Borneo, which is shared by three countries including Malaysia, has the potential to be an economic powerhouse in the Asian region, said Sabah Chief Minister Datuk Seri Mohd Shafie Apdal. He said the area, covering Sabah dan Sarawak, Kalimantan dan Brunei, was rich with natural resources, particularly oil and gas. The island’s proximity to China and South Korea would also contribute to the economic growth, he said. “I am confident Borneo can become a regional economic power not only due to its large size but also its resources and geographical position,” he said in his speech when paying a courtesy call to North Kalimantan Governor Dr Ir H. Irianto Lambrie here today. This was in conjunction with his three-day working visit to...

Muhammad Ziyad (kanan) yang juga pengasas syarikat GetMove Sdn. Bhd bernilai RM1 juta bersama rakan kongsinya, Khairul Ikhwan Zulkefly, 27, (kiri) bersama pekerja mereka Ahmad Zaharuddin Zakaria, 53, (dua dari kiri) dan Ayuslida Arsad, 49, ketika ditemui di pejabat mereka di TD1303 baru-baru ini. -- fotoBERNAMA KUALA TERENGGANU - Di saat mahasiswa lain runsing memikirkan pekerjaan selepas tamat pengajian, Muhammad Ziyad Mohd Yazid pula sudah memiliki sebuah syarikat, GetMove Sdn. Bhd, yang bernilai RM1 juta. Meminati dunia perniagaan, pelajar berumur 23 tahun daripada Universiti Sultan Zainal Abidin (UniSZA) itu melangkah jauh ke hadapan berbanding mahasiswa biasa dengan menjalankan perniagaan menguruskan perkhidmatan penghantaran barang atau ‘runner’ yang dijenamakan sebagai ‘GetRunner’, melalui syarikatnya itu. Pelajar tahun akhir Fakulti Sains Sosial Gunaan itu berkata, syarikat yang diasaskan bersama dua lagi rakan iaitu Khairul Ikhwan Zulkefly, 27, dan Wan Muhammad Amirul Amin, 22, pada tahun lepas diilhamkan daripada pengalamannya bergelar ‘runner’ sejak tahun pertama di universiti. “Pada waktu itu ramai rakan tidak mempunyai kenderaan, jadi saya yang mempunyai...

KUALA LUMPUR: Malaysia is considering selling stakes in energy giant Petronas to states where the company’s oil and gas fields are, Prime Minister Tun Dr Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government. Such a move may also give states such as Sarawak and Sabah a say in the running of Petronas, the world’s third-largest exporter of liquefied natural gas. Dr Mahathir said the government could not meet a demand made by the states for a quadrupling of the royalties paid by the company to 20 per cent of its profit. “It’s fully owned by the government, it’s up to the government to sell the shares privately not in the market, to states like Sabah and Sarawak,” Dr Mahathir said in an interview in his office. “Petronas is a very big company, it depends on how much (the states) can pay also.” Sarawak and Sabah have Malaysia’s most prolific oil and gas reserves in their waters...

KUCHING: Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan led a Sarawak delegation to visit a solar manufacturing plant in Shanghai, China yesterday. The plant is one of the top global producers in thecountry’s solar industry and has operations worldwide, including in Malaysia, Portugal and the United States. During the visit, the delegation was briefed on the plant’s operation, which adopts the latest technology in producing high standard solar products. Awang Tengah, who is also International Trade and Industry, Industrial Terminal and Entrepreneur Development Minister, said he was impressed with the factory operations and its research and development facility. He pointed out that the visit to the plant is crucial as it enables the ministry to better understand the solar industry while at the same time attract more solar industry players to Sarawak, which also has a vibrant solar industry. Awang Tengah also took the opportunity to share with the solar manufacturing plant officials on business and investment opportunities in Sarawak, as a destination they...