Rab, Sep

KUALA LUMPUR : Following are among benefits that Malaysia will derive from the Trans-Pacific Partnership Agreement (TPPA), the biggest trade deal thus far, signed today in Auckland, New Zealand.

* Malaysia's Gross Domestic Product (GDP) is projected to increase by US$107 billion to US$211 billion over 2018-2027, which would raise GDP growth between 0.60 per cent and 1.15 per cent in 2027

* Investments projected to rise by US$136 billion to US$239 billion over 2018-2027 - attributable largely to higher investment growth in textiles, construction and distributive trade

* More than 90 per cent of the economic gains will be attributable to lower non-tariff measures

* Increase in export growth is projected to be outpaced by increase in import growth, thus trade surplus is projected to narrow between 4.3 per cent and 5.2 per cent of GDP in 2027

* Sectors which contributed over 20 per cent of Malaysia's GDP in 2014 are now expected to register higher output growth, especially the manufacturing sub-sector

* Export-oriented firms will benefit from greater market access, especially with countries that Malaysia is yet to have a trade pact namely Canada, Mexico, Peru and United

PETALING JAYA : Qi Group of Companies Founder and Executive Chairman Datuk Seri Vijay Eswaran has lauded the signing of the Trans-Pacific Partnership Agreement (TPPA) in Auckland today, saying Malaysian firms must formulate strategies to emerge as global champions as well as penetrate the United States market in a big way.

"If we are able to get a piece of the American pie by selling or manufacturing goods or services and go global, the effect here in Malaysia is multiple," he said in an

KOTA KINABALU : Majlis Amanah Rakyat (Mara) will implement a number of initiatives including opening its own bank.

Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said he would hold a meeting with Bank Negara Malaysia on the matter.

"We have not decided on the name for the bank but we have done the preparations and planning," he said at a 'Solidariti Kegemilangan Mara Sabah' event here Monday night.

He said Mara would also set up its 'Universiti Majlis Amanah Rakyat

KUALA LUMPUR : The Trans-Pacific Partnership Agreement (TPPA) is not a trade agreement designed solely by the United States (US), said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.

Malaysia which is one of the member countries was also involved in formulating the draft for the international agreement which also involved 11 other countries, he said. 

"Malaysia is responsible for preparing the drafts for Chapter 6, 21 and 24 which are related to cooperation and

KUALA LUMPUR : Malaysia is looking to expand its halal market to the Trans-Pacific Partnership (TPP) countries including Australia and New Zealand.  

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia had been working closely with the two countries as they were familiar with Malaysia's halal agenda.

"We are looking for markets in some of these (TPP) countries. For example, in the United States and Canada, where the Muslim population is growing.

"By promoting

PETALING JAYA : The Malaysian economy is very stable and among the contributing factors is the implementation of the Goods and Services Tax (GST) in April last year, said Prime Minister Datuk Seri Najib Tun Razak.

Najib, who is also the Finance Minister, said the Customs Department had collected more than RM51 billion in revenue since the implementation of the GST, compared with a collection of RM37.2 billion in 2014 without the GST.

He described the additional collection as oxtraordinary and

KUALA LUMPUR : The ringgit opened higher against the US dollar Wednesday in tracking the rebound in crude oil prices and on renewed demand, dealers said.

At 9 am, the local unit was traded at 4.2580/2640 from 4.2885/2945 against the greenback on Tuesday.

"Investors are also closely watching the US Federal Reserve's meeting this week, since it will be the first (meeting) since interest rates went up in last December," said a dealer.

The ringgit also traded mostly higher against other major

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