TAPiO Newsletter – September 2019 Issue
Zimbabwe’s Envoy Shares Fond Memories of Posting in Malaysia
Outgoing Zimbabwe’s Ambassador to Malaysia, H.E. Cuthbert Zhakata, said the biggest lesson he learned from his nine years’ posting here is the harmonious coexistence of Malaysians of different religions and ethnicities. He wishes Malaysia’s racial harmony can be maintained. Zhakata added that relations between Malaysia and Zimbabwe have always been cordial and excellent, especially with the former’s support towards Zimbabwe in many international fora.
DTA to Reduce Malaysia-Cambodia Trade Imbalance – Dr M
Prime Minister Tun Dr Mahathir Mohamad attend a dialogue with Malaysian businessmen and investors, involving 28 Malaysian companies operating in Cambodia, in Phnom Penh. The signing of the Double Taxation Avoidance (DTA) agreement between Malaysia and Cambodia will open the new dimension in trade between the two nations said Tun Dr Mahathir Mohamad. Many Malaysians are doing businesses and investing in Cambodia, and they have to pay high taxes, which is detrimental. Thus, with the signing of the DTA, it can reduce the costs borne by Malaysian businessmen and investors. It will also reduce the imbalance in the trade where Cambodia suffers a deficit in terms of trade with Malaysia.
Japan Seeks Leaner Management in HSR Bid
Japan has proposed for a leaner management structure as part of its cost-cutting plan for the deferred Kuala Lumpur (KL)-Singapore high-speed rail (HSR) project. Japanese Ambassador to Malaysia H.E. Dr Makio Miyagawa said Tokyo has engaged with representatives from Malaysia and Singapore on a simplified organisation structure that would eliminate overlaps, which in turn could reduce the cost to build the 350km rail line. Both the Malaysian and Singaporean governments have decided to create five companies just to run the HSR from KL to Singapore and agreed to suspend the construction of the HSR project for a period up to May 31, 2020.
Malaysia Approves RM2.3b Investments to Make Sanitary-Related Products
The Malaysian Investment Development Authority (MIDA) has approved 21 projects to manufacture sanitary-related products, involving investments of RM2.3 billion, from 1980 to June this year. Of the total, RM2.2 billion comprised foreign investments while the balance of RM125 million was from domestic sources, MIDA said in a statement. MIDA, the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI), lauded efforts by Vinda Group, a leading manufacturer of branded hygiene products such as baby diapers, incontinence products and feminine protection products, to fortify its presence in the region through the establishment of the regional HQ.
Malaysian Halal Products in High Demand in India
Halal Industry Development Corporation Sdn Bhd (HDC) international footprint manager Mohammad Shukur Sugumaran said Indian importers had expressed strong interest in sourcing for halal cosmetics and personal care products due to increasing awareness in using clean, organic, healthy and safe products, especially among the young. Shukur said halal food and beverages also remained the top-picked products in the Indian market, despite the strict labelling regulations.
chargEV Is Driving Malaysia’s Electric Vehicle Infrastructure
chargEV has been working with the Malaysian government and various other parties to help develop the infrastructure that will fuel the growth and increase acceptance of electric vehicles. With 257 charging sites installed to date, chargEV has a wealth of information that it can use to better serve both customers and site operators. Encouraging e-mobility has been one of GreenTech Malaysia’s core goals with its push for electric cars, and for good reason. In a cyclic sense, a better infrastructure draws more buyers towards EVs and PHEVs, which in turn makes it more profitable to develop a charging infrastructure.
Proton Motor and Schäfer Elektronik Form Joint Venture for Fuel Cell-Based Charging Stations
Proton Motor Fuel Cell GmbH and Schäfer Elektronik GmbH have formed a new joint venture which will focus on the development, production and marketing of fuel cell-based charging stations. Both companies’ industrial fuel cells will be integrated into a plug-and-play power unit which will provide in excess of one megawatt (MW) of power to supply electric vehicle charging stations. “We are pleased to cooperate with Schäfer Elekronik as a strong partner in Germany. Through its half a century of industry knowledge in the power supply sector, we will jointly realise tailor-made and future-oriented electromobility projects for our clients.