#mustapa

[nurmanto]

Pleno bakal calon bupati lampung tengah semoga lampung tengah lebih maju amien @lampungtengah jayaaaa #bupati #mustapa #lampung

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New Post has been published on The Rakyat Post

New Post has been published on http://www.therakyatpost.com/news/2015/03/28/federal-govt-needs-diversified-financial-resources-says-minister/

Federal govt needs diversified financial resources, says minister

KOTA BARU, March 28, 2015:

The federal government needs diversified financial resources, including implementing the Goods and Services Tax (GST), to ensure continuous development of the country, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said new financial resources were needed as the government needed to pay civil servants’ salaries and pension payments to an increasing number of retirees.

“As for now, our financial resources rely heavily on oil and gas, but we can’t continuously depend on this sector, that’s why we need the GST as a new source of finance,” he told reporters after opening a forum titled “Kelantan’s Development Direction in the 11th Malaysia Plan (11MP)” here today.

He said some might oppose the government’s initiative to introduce the GST, but they should use the proper channels and not do anything to disrespect the authorities, such as the Royal Malaysia Police or Royal Customs Malaysia.

“The decision (to implement the GST) was not made in a rush, we did the research for over a decade, if the GST is not implemented, how will we pay government staff salaries or pay the pensioners and how will we develop the rural areas,” he said.

Mustapa, who is also the Kelantan Federal Development Action Council chairman, said he hoped that the federal government would allocate a bigger budget to further develop states lagging behind in terms of development, like Kelantan, in the 11MP.

“We hope that the financial resources are distributed according to the level of achievement in terms of economic growth and poverty rates. We are aware of the fact that Kelantan is under the opposition (PAS), but this does not mean that the rights of the people should be deprived,” he said.

In BACHOK, when officiating the Parent-Teacher Association (PTA) annual general meeting at Sekolah Menengah Kebangsaan (SMK) Badak, Mustapa urged the state government to enhance its cooperation with the federal government, especially in economic development.

He said the cooperation given by the state government to the federal government in handling the flood last December and post-flood recovery was excellent.

Hence, he said he hoped the state government could give similar cooperation in developing the economic sectors in the state.

[therakyatpost]

New Post has been published on The Rakyat Post

New Post has been published on http://www.therakyatpost.com/news/2014/05/26/mustapa-arrives-guangzhou-three-day-trade-mission/

Mustapa arrives in Guangzhou for three-day trade mission

GUANGZHOU, May 26:

International Trade and Industry Minister Datuk Seri Mustapa Mohamed arrived in Guangzhou today to begin a three-day trade and investment mission to the province.

His visit is also in conjunction with the 40th Anniversary Celebration of Malaysia-China bilateral relations.

During his visit, Mustapa will meet the Party Secretary of Guangdong, Hu Chunhua, and the discussion is expected to evolve around establishing a mechanism to promote greater trade and investment ties between Kuala Lumpur and Guangzhou.

He will also be meeting corporate leaders from major companies in Guangzhou to encourage Chinese investment in Malaysia.

Malaysia is seeking to encourage more downstream investments from China via collaboration with local companies, especially small and medium businesses.

Following the trade mission, Mustapa will join Prime Minister Datuk Seri Najib Razak in Xian, Shaanxi Province, on May 28.

Several programmes have been arranged for the prime minister in conjunction with the anniversary celebration.

In Xian, Mustapa will explore and encourage export and trade in the halal industry with the province, which has a significant Muslim population.

The entourage will later move on to Beijing for the main programmes related to the 40th Anniversary Celebration.

The Ministry of International Trade and Industry (Miti) will be involved in the Malaysia-China Economic Summit in Beijing, co-organised with China’s Ministry of Commerce (MOFCOM) and the Malaysia-China Business Council (MCBC).

Hundreds of Malaysian business leaders will be present at the summit where Mustapa will witness business-to-business memorandums of understanding (MoUs) being exchanged.

He was earlier in Qingdao (Shandong Province) on May 17-18, to attend the Asia-Pacific Economic Cooperation-Ministers Responsible for Trade (Apec-MRT) meeting. China is the chair for Apec this year.

At that time, he met his Chinese counterpart Gao Hucheng, and proposed the signing of an MoU on Convergence of the New Maritime Silk Road and Economic and Trade Cooperation (ETC) between Malaysia and China.

Malaysia has acknowledged the significance of these initiatives to further enhance bilateral trade.

The contents of the MoU is currently being discussed and the ministers have agreed that officials from both sides will finalise the text as soon possible.

Economic cooperation between Malaysia and China has grown exponentially in the past 40 years and among notable projects are the “Two Country Twin Park”, which lead to the establishment of China-Malaysia Qinzhou Industrial park and Kuantan Industrial Park, while underlining the strong commitment of both countries.

The project has enabled greater maritime connectivity between China and Malaysia and in line with the former’s vision to construct a new maritime silk road by building efficient port connectivity to support the regional supply chain.

For the past five consecutive years, China has been Malaysia’s single largest trading partner with total trade value exceeding RM320 billion (US$100 billion).

Malaysia, on the other hand, is China largest trading partner amongst Asean members.

The bilateral trade profile has witnessed a major shift in the past 10 years where commodities are no longer the major source of goods traded, but as much as 50% of trade now comprises manufactured products and other higher value-added goods.

Major exports from Malaysia to China include electrical and electronic products, chemicals and chemical products, palm oil and refined petroleum products.

Major imports from China to Malaysia consists of electrical and electronic products, machinery, appliances and parts, chemicals and chemical products, as well as iron and steel products.

[therakyatpost]

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New Post has been published on http://www.therakyatpost.com/news/2014/02/13/mustapa-weakening-ringgit-not-a-major-issue-in-malaysias-trade/

Mustapa: Weakening ringgit not a major issue in Malaysia's trade

International Trade and Industry Minister Datuk Seri Mustapa Mohamed says the weakening ringgit has not had much impact on trade and investment so far. — Bernama pic[/caption]

BUKIT MERTAJAM

The weakening of the ringgit against the US dollar was not a major issue to the country’s trade at this point of time, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said it had not had much impact on trade and investment so far. The ministry had not received any serious issues from importers and exporters.

“On the converse, that (depreciation of the ringgit) benefits exporters. At the same time, we do import lot of things.”

Mustapa said this after officiating at the opening of Aviatron (M) Sdn Bhd here on Thursday.

He said the Federation of Malaysian Manufacturers had so far raised no issues related to the weakening of the ringgit.

Mustapa said 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 now hovering above the 3.30 level against the US dollar.

It was traded lower against most currencies over the past months. At one point, it was traded at its lowest level in 24 years against the Singapore dollar.

Malaysia’s latest numbers showed that the current account surplus rose to RM16.2 billion for the fourth quarter of 2013, from RM9.8 billion in the earlier three months.

[therakyatpost]

New Post has been published on The Rakyat Post

New Post has been published on http://www.therakyatpost.com/business/2014/02/13/ringgit-weakening-not-a-major-issue-to-trade-says-mustapa/

Ringgit weakening not a major issue to trade, says Mustapa

BUKIT MERTAJAM

The weakening of the ringgit against the US dollar is not a major issue to the country’s trade at this point of time, says Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

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.

“On the converse, that (depreciation of the ringgit) benefits exporters but at the same time we do import lot of things.

“So it is about neutral because it benefits us arising from slightly lower currency value (versus) increasing input costs,” Mustapa told reporters after officiating the opening of Aviatron (M) Sdn Bhd here today.

He said the Federation of Malaysian Manufacturers has so far raised no issues related to the weakening of the ringgit.

Mustapa said 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 now hovering above 3.30 level against the US dollar.

It was traded lower against most currencies over the past months whereby at one point, it was traded at its lowest level in 24 years against the Singapore dollar.

Malaysia’s latest numbers showed that the current account surplus rose to RM16.2 billion for the fourth quarter of 2013, from RM9.8 billion in the earlier three months.