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Made-in-Malaysia aviation products make strong global foray
First published in Business Times at 17 February 2014.

BUKIT MINYAK, 17 FEBRAURY 2014 - Malaysian-made aerospace products worth RM75 million are set to be shipped to global customers of Singapore Aerospace Manufacturing Pte Ltd (SAM) this year.

This is more than the RM40 million worth of aerospace products the global aerospace contract manufacturer produced last year.

SAM chairman Philip Yeo said with potential new projects in the pipeline, it is forecasting revenue for its 'Made-in-Malaysia' products to grow to RM1 billion annually by 2018.

"With this, about 80 percent of our business in Malaysia will be for aerospace applications," he said during the official opening of SAM's subsidiary, Aviatron (M) Sdn Bhd, here, on Thursday.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed officiated at the event.

Aviatron currently employs 300 people in Penang and plans to double the number when the company expands its facility, Yeo said.

Its facility here, he noted, is set to undergo various phases of expansion, for which SAM is expected to rake in RM500 million.

"We broke ground in April 2011, and within two short years, Aviatron delivered its first beam product for the Boeing 787 aircraft in March 2013," said Yeo, adding that to date, the company has delivered close to 550 beams to its customer, UTC Aerospace Systems.

"Following the success of the Boeing 787 beams, Aviatron is now working on the Airbus 350 beam programme," Yeo said.

He said: "The first beam for the Airbus 350 is scheduled for delivery in October."

"With this, Aviatron will be the sole global supplier to both Airbus 350 and Boeing 787."

"The world has taken notice of this and leveraging on these achievements, SAM is currently bidding for several aerospace projects for new-generation aircraft, to be manufactured in Malaysia," he said.

These will include products from newly-launched aircraft such as the A320neo, B737MAX and the Embraer 2nd Generation aircraft.

Since 2008, SAM has invested RM400 million in Malaysia.

The company today employs 700 people, with plans to increase its headcount to 1,500 by 2018.
- See more at: http://etp.pemandu.gov.my/Related_Stories-@-Made-in-Malaysia_aviation_products_make_strong_global_foray.aspx#sthash.LbyeFD8w.dpuf

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2014-02-19 23:28 | Report Abuse

Credit Suisse revises GDP outlook to 5.3pc
First published in Business Times at 19 February 2014.

19 FEBRUARY 2014 - Credit Suisse has revised its gross domestic product (GDP) outlook upwards to 5.3 per cent for Malaysia from five percent as it expects a strong boost from the tourism sector in conjunction with Visit Malaysia Year (VMY) 2014.

"Tourism in Malaysia will likely get a major boost from VMY 2014 as well as positive spillover impact from political turbulence in Thailand," its economist Santitarn Sathirathai said in a report yesterday.

It revised its earlier projected improvement to the current account surplus, from 2.8 percent to 3.3 percent.

Malaysia's current account surplus stood at 3.8 percent last year.

"This is based on our expectation that tourist arrival growth will accelerate from around four percent last year to double-digits this year."

"Strong tourism growth, together with the anticipated pick-up in merchandise exports from a global recovery, should provide a boost to both overall exports of goods and services and GDP growth this year."

Malaysia's tourist arrivals will gain in 2014 due to the depreciation of the ringgit against the US dollar and also the political turmoil in Thailand.

The Thai political turbulence is a bane to Thai and Singapore tourism, but potentially a boost to Malaysian and Indonesian tourist arrivals.

"Our analysis suggests that visitor arrivals in Malaysia and, to a lesser extent, Indonesia enjoyed a statistically significant lift during political unrest in Thailand."

"On the contrary, Singapore's tourist arrival growth tends to suffer during these episodes."

On the outlook for the ringgit, the research house remains cautious on the ringgit.

The ringgit is expected to find some support in the near-term, on the basis of the anticipated better growth and current account dynamics as well as Bank Negara Malaysia intervention.

"High foreign ownership of Malaysia's local currency debt will continue to leave ringgit exposed to bouts of sell-offs in United States rates," it said.

Its equity strategy team also highlighted that Malaysia will benefit from positive news such as Kuala Lumpur being voted the fourth best shopping city in the world for two consecutive years, Malaysia being the 10th most visited country in the world in 2012 and 25 percent annualised increase in tourist arrivals from China.

Another factor is three of the world's largest shopping malls are in Malaysia - One Utama, Mid Valley and Sunway Pyramid - all in the Klang Valley and this will benefit the airports, the airlines, casinos and hotels.
- See more at: http://etp.pemandu.gov.my/Related_Stories-@-Credit_Suisse_revises_GDP_outlook_to_5@3pc.aspx#sthash.RPALhakt.dpuf

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2014-02-19 23:28 | Report Abuse

Malaysia bullish on private investment outlook this year
First published in The Star on 13 February 2014.

PUTRAJAYA, 13 FEBRUARY 2014 - The Government is upbeat on private investment outlook in Malaysia this year, which is considered as one of the key drivers of the country’s economic growth, amid moderate global economic recovery.

“We are bullish on private investment, moving forward,” said Minister in the Prime Minister’s Department, Datuk Seri Idris Jala, after attending an exclusive multinational corporations networking event organised by InvestKL here yesterday.

He said: "Malaysia would now always be on investors’ radar after surging to sixth position from 12th among 189 economies in the ease of doing business, according to the latest World Bank Ease Of Doing Business Report 2014."

Bank Negara yesterday announced that growth in private investment expanded 16.5% in the fourth quarter last year compared with 15.2% in the third quarter, on account of higher capital spending in the services and manufacturing sectors.

Meanwhile, International Trade and Industry Minister Datuk Seri Mustapa Mohamed hoped that Malaysia would continue to record double-digit growth in foreign direct investments (FDIs) this year on the back of the country’s sound economic fundamentals.

He said: "Malaysia had broad-based economic growth comprising investment, private consumption and trade that would help the country cushion impacts of any economic situation."

Malaysia recorded inflows of US$10.16bil in 2012 and maintained its ranking as the third largest recipient of FDIs in Asean in the World Investment Report 2013 by the United Nations Conference on Trade and Development.
- See more at: http://etp.pemandu.gov.my/Related_Stories-@-Malaysia_bullish_on_private_investment_outlook_this_year.aspx#sthash.KYJwL6RD.dpuf

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2014-02-19 23:25 | Report Abuse

Malaysia receives record FDI of RM39bil
First published in The Star on 14 February 2014.

GEORGE TOWN, 13 FEBRUARY 2014 - Malaysia recorded its highest ever foreign direct investment (FDI) of RM38.7bil last year, a 24% increase over 2012 and 3.9% higher than the last record of RM37.3bil achieved in 2011.

International Trade and Industry (MITI) minister Datuk Seri Mustapa Mohamed, citing United Nations Conference on Trade and Development data, said: "The increase compared favourably with increase in global FDI of 11%, 6.2% into developing countries, and 2.4% in South-East Asia."

Speaking at the opening of a Aviatron (M) Sdn Bhd’s RM200mil plant in the Penang Science Park, Bukit Mertajam yesterday, he said: "All sectors of the economy registered increases in FDI inflows in 2013."

“Investments were mainly in the manufacturing (37.6%), services (28.8%), as well as mining (28.7%) sub-sectors. The major contributors included the financial and insurance sectors, information and communication sub-sectors, which collectively contributed 55% of investments in the services sector for 2013,” Mustapa added.

He said: "Many large corporations and prominent multinational corporations had chosen Malaysia to establish their regional and global operations, integrating their value and supply chain activities to take advantage of the country’s strong ecosystem."

“This trend will gain momentum going forward, given the continued government support to create a conducive environment for businesses in Malaysia.”

In terms of realised private investments, Malaysia achieved a record RM161bil in 2013, an increase of 14.9% compared with RM140.2bil recorded in 2011, which also exceeded the annual average target of RM148bil under the 10th Malaysia Plan.

Meanwhile, Bernama quoted Mustapa as saying that the weakening of the ringgit against the US dollar was not a major issue to the country’s trade.

“The depreciation of the ringgit benefits exporters but at the same time we do import lot of things. So it is neutral because it benefits us arising from slightly lower currency value (versus) increasing input costs,” he said.

It has not much impact on trade and investment so far and the ministry has not received any serious issues from importers and exporters.He said the Federation of Malaysian Manufacturers has not raised any issue related to the weakening of the ringgit.

Most of the discussions were mostly on competitiveness in the context of wages and cost of doing business and not in relation to currency value.

The ringgit is hovering above the 3.30 level against the US dollar.
- See more at: http://etp.pemandu.gov.my/Related_Stories-@-Malaysia_receives_record_FDI_of_RM39bil.aspx#sthash.TVQU98Sr.dpuf

General

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2014-02-19 23:18 | Report Abuse

Sifu, pelikan can up tomorow?? hehe

General

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2014-02-19 23:16 | Report Abuse

Amedia price:

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=A&securityCode=0159

General

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2014-02-19 23:15 | Report Abuse

Eating out on a limited budget....

http://www.thestar.com.my/News/Nation/2014/02/19/Eating-out-on-a-limited-budget/

General

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2014-02-19 23:08 | Report Abuse

ok i summarise once.
amedia buy in 0.095c TP0.23
thhe buy in 1.02/1.03--- take profit 1.07
daya hold...hehe..
hohup offload first
pelikan hold till 0.775c(pop8872) :)
pmcorp cut loss(decide yr own)

am i correct? any missing guys? huhuuu

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