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KOTA KINABALU - The cabotage policy exemption from June 1 will enable more entrepreneurs in Sabah to export their products at competitive costs.

Treasury Secretary-General Tan Sri Mohd Irwan Serigar Abdullah said it would also help boost their business potentials through marketing and branding.

"It is a good move. With this announcement, more entrepreneurs, particularly from Sabah, can send their products to Peninsular Malaysia at competitive costs.

"Certain quarters used to complain that the cost of doing business is too high. Hence, with this announcement (cabotage policy exemption), it would be easier for entrepreneurs, especially in Sabah to export their products," he told reporters after closing the third Gathering of Rising Entrepreneurs, Act Together (Great 2017) programme here today.

Irwan was asked to comment on the exemption of the cabotage policy in Sabah, Sarawak and the Federal Territory of Labuan which was announced by Prime Minister Datuk Seri Najib Tun Razak at the launch of the "Negaraku Expression" in Sandakan today.

Irwan said many products from Sabah such as stingless bee honey, seaweed and birds'' nests merely catered for the local market, and with the

PUTRAJAYA - The termination of the master developer for Bandar Malaysia will in no way derail plans to develop the area or the rationalisation of 1Malaysia Deve­lop­ment Bhd (1MDB), said Datuk Seri Abdul Rahman Dahlan.

Describing this as a temporary glitch, the Minister in the Prime Minister’s Department said exciting times awaited the project despite what had happened.

“We were informed by the Prime Minister during the Cabinet meeting (on Wednesday) that a new company will be invited to be

PETALING JAYA - Pakatan Harapan has been challenged to come up with an alternative economic plan if they want to abolish the Goods and Services Tax (GST).

Minister in the Prime Minister's Department Datuk Abdul Rahman Dahlan said the opposition must have an alternative plan to gain back the revenue that would be lost from abolishing GST.

"The opposition can be popular by saying they want to abolish GST once they are in power, we have mega development projects going on such as the Pan Borneo

TASEK GELUGOR - Tasek Gelugor, in Seberang Perai Utara (SPU), is set to be a popular destination for visitors in Penang with plans being made by the state government to turn it into an agrotourism development area.

Tasek Gelugor Member of Parliament Datuk Shabudin Yahaya said Tasek Gelugor, with its existing infrastructure facilities, would be a hub for river tourism, as well as a haven for those who loved freshwater fish and prawns and other edible life from rivers.

"Tourists to Tasek

MELAKA - Prime Minister Datuk Seri Najib Razak's endeavour in building closer ties with China will not affect the national sovereignty, instead it would further strengthen Malaysia''s economic prosperity, Melaka Chief Minister Datuk Seri Idris Haron said.

He said being home to 1.3 billion people, China boasted an enormous consumer power for Malaysia to tap into.

"As Malaysia is a small country with only 30 million people, by fostering relations with a big economic power, it will gain the

DUBAI - The government's socio-economic transformation agenda for the East Coast Economic Region (ECER), implemented through the East Coast Economic Region Development Council (ECERDC), has garnered international recognition when it won the Global Good Governance (3G) Awards for Best Economic Transformation Programme 2017 here on Tuesday.

Three other economic transformation programmes nominated for the same award category were the 'One Belt One Road' from China, 'The China Pakistan-Economic

KUALA LUMPUR - Malaysia’s February trade figure of RM134.83bil is almost one-third higher than that achieved in the same period last year, said Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong.

He said it was an increase of 27.1% and that all major sectors, namely manufactured goods, mining and agricultural products, recorded high growth.

He was speaking at the signing of a joint venture agreement by Matrix IBS Sdn Bhd with Nissin Ex Co Ltd and Nihon House Corporation

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