Rab, Sep

KUALA LUMPUR - Economic problems from outside Malaysia will continue to affect the country, said Prime Minister Datuk Seri Najib Tun Razak.

He said there was still confidence in Malaysia’s economy, even with low commodity prices – such as oil – and a slowdown in emerging markets.

“We stand in good stead to deal with them because of the proactive steps we have taken,” he said at the launch of the Offshore Technology Conference Asia here.

Najib noted the difficulties in the global oil and gas market, such as the continuous supply of United States shale and Iran’s re-entry into the market.

He said the slowing growth in emerging markets reduced demand due to the decline in oil prices.

It was reported on Sunday that Brent crude oil was priced at US$40.93 a barrel compared to more than US$100 in mid-2014.

He said these factors had a big effect on the oil and gas industry, with over 250,000 workers laid off worldwide.

Najib said Malaysia had intentionally diversified its economy, going from a public-driven to a private-driven one.

He said public spending and investment used to take up a large part of Malaysia’s annual gross domestic product (GDP) but private consumption and

GEORGE TOWN - The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) wants the DAP-led Penang government to build more affordable houses to be sold at a reasonable price to civil servants in the state.

Its president, Datuk Azih Muda, said a reasonable house price should be the main aspect of consideration for the state government as most civil servants could not afford to purchase a house priced at around RM400,000.

"It is our hope that more affordable houses for civil

PETALING JAYA : The International Trade and Industry Ministry will form a national committee tasked to monitor, facilitate and oversee the overall implementation of the Trans-Pacific Partnership Agreement (TPPA).

Minister Datuk Seri Mustapa Mohamed said the committee would comprise representatives of ministries and government agencies involved in the trade agreement.

“The National Committee and subsidiary bodies will mirror the set-up of the TPP Joint Commission and subcommittees under the

KUALA LUMPUR : The Government will take all necessary measures to strengthen the resilience of the nation's economy, says Datuk Seri Najib Tun Razak.

Although the country has strong fundamentals, the Prime Minister said the Government would continue to fortify the economy and to keep Malaysia on an inclusive and sustainable path.

He said despite difficult global circumstances, Malaysia's economy continued to perform well, given that the trade performance last year exceeded forecasts.


PUTRAJAYA : The Government will strive harder to strengthen women’s positions in all fields while ensuring equal opportunities for all irrespective of gender, race and religion.

Prime Minister Datuk Seri Najib Tun Razak said various steps had already been taken to aid not only women but everyone with ideas, initiative and the drive to succeed.

He cited micro-credit schemes such as Tabung Amanah Ikhtiar, Tekun and SME Corp as some of the programmes by the Government to help those keen on doing

SEREMBAN : Negri Sembilan will focus more on its tourism and agriculture sectors this year to boost the state’s economic development, said Menteri Besar, Datuk Seri Mohamad Hasan.  

He said that at the moment, 86 per cent of the state’s economy is made up of manufacturing and services sectors. 

“We need to strike a balance in order to reduce the state’s economic dependency on the manufacturing and services sector. 

We believe the agriculture and tourism sectors have the biggest potential and

KUALA LUMPUR : Prime Minister Datuk Seri Najib Tun Razak said on Monday he wanted Felda to become an economic powerhouse that will continue to champion the plight of settlers into the next generation.

He said the desire of the government in setting up Felda was to not only champion the plight of the first-generation settlers but also the second and third generation and for another 100 years or more.

"It is for this reason that we developed Felda, we established FGV (Felda Global Ventures

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