Business : Boeing Co-sponsors Conference To Explore Business Opportunities With Malaysia

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Boeing spotlights Malaysia business

ST. LOUIS, May 24 (UPI) -- Malaysia's industry and business opportunities in the country were spotlighted earlier this month in a conference in the United States.

Boeing, which co-hosted the conference in St. Louis with the Malaysian Investment Development Authority, said 75 U.S. and Malaysian businesses participated in the event.

"Strategic and cultural alliances are shifting back to markets in Asia," said former U.S. Sen. Christopher "Kit" Bond, who spoke at the conference. "Establishing partnerships with Malaysian industry is critical in capturing new opportunities.

"Malaysia has transformed into a competitive, high-tech economy that is actively seeking areas of mutual collaboration in the medical, technology, and aerospace industries."

Malaysia flies Boeing's FA/18D Hornets, and the company is offering its "F" model in the government's competition for new combat aircraft. Insitu Pacific, a joint venture between Boeing and Insitu, recently partnered with Malaysian company Composites Technology Research Malaysia for in-country support of ScanEagle unmanned aircraft systems that are being acquired by the country.

"Strategic international partnerships create combinations of capabilities and ideas that give the partners a greater competitive advantage for future business pursuits," said Mike Gibbons, Boeing vice president of F/A-18 and E/A-18 Programs. "Boeing continues to demonstrate its long-term commitment to building win-win opportunities with the Malaysian aerospace industry that are independent of any one platform sale and will continue beyond any potential sale."

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Boeing spotlights Malaysia business - United Press International

ST. LOUIS, May 24 (UPI) -- Malaysia's industry and business opportunities in the country were spotlighted earlier this month in a conference in the United States.

Boeing, which co-hosted the conference in St. Louis with the Malaysian Investment Development Authority, said 75 U.S. and Malaysian businesses participated in the event.

"Strategic and cultural alliances are shifting back to markets in Asia," said former U.S. Sen. Christopher "Kit" Bond, who spoke at the conference. "Establishing partnerships with Malaysian industry is critical in capturing new opportunities.

"Malaysia has transformed into a competitive, high-tech economy that is actively seeking areas of mutual collaboration in the medical, technology, and aerospace industries."

Malaysia flies Boeing's FA/18D Hornets, and the company is offering its "F" model in the government's competition for new combat aircraft. Insitu Pacific, a joint venture between Boeing and Insitu, recently partnered with Malaysian company Composites Technology Research Malaysia for in-country support of ScanEagle unmanned aircraft systems that are being acquired by the country.

"Strategic international partnerships create combinations of capabilities and ideas that give the partners a greater competitive advantage for future business pursuits," said Mike Gibbons, Boeing vice president of F/A-18 and E/A-18 Programs. "Boeing continues to demonstrate its long-term commitment to building win-win opportunities with the Malaysian aerospace industry that are independent of any one platform sale and will continue beyond any potential sale."

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Business : Boeing Co-sponsors Conference To Explore Business Opportunities With Malaysia

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Boeing Co-sponsors Conference To Explore Business Opportunities With Malaysia

May 24, 2012 09:34 AM

Boeing Co-sponsors Conference To Explore Business Opportunities With Malaysia

KUALA LUMPUR, May 24 (Bernama) -- The Boeing Company co-sponsored a conference with the Malaysian Investment Development Authority (MIDA) on May 2 in St. Louis to showcase current business opportunities in Malaysia and to discuss the goals of Malaysian industry.

Conference attendees included representatives from 75 Malaysian and U.S. companies.

"Strategic and cultural alliances are shifting back to markets in Asia," said former U.S. Sen. Christopher "Kit" Bond, who spoke at the conference in St. Louis.

"Establishing partnerships with Malaysian industry is critical in capturing new opportunities. Malaysia has transformed into a competitive, high-tech economy that is actively seeking areas of mutual collaboration in the medical, technology, and aerospace industries."

Boeing's involvement with Malaysia dates back to 1947 and continues today through a variety of programs, including the country's fleet of F/A-18D Hornets, Harpoon Weapon System, MEASAT satellites, training programs, and commercial aircraft.

Most recently, Insitu Pacific, a wholly owned subsidiary of Insitu and Boeing, announced a contract for the ScanEagle unmanned aircraft system in Malaysia and a partnership with Composites Technology Research Malaysia to provide in-country support for ScanEagle operations.

In addition to improving its intelligence, surveillance and reconnaissance capabilities with ScanEagle, Malaysia also is looking to bolster its fighter capability.

Boeing is offering the next-generation F/A-18E/F Super Hornet in Malaysia's Multi-Role Combat Aircraft competition.

"Strategic international partnerships create combinations of capabilities and ideas that give the partners a greater competitive advantage for future business pursuits," said Mike Gibbons, Boeing vice president of F/A-18 and E/A-18 Programs.

"Boeing continues to demonstrate its long-term commitment to building win-win opportunities with the Malaysian aerospace industry that are independent of any one platform sale and will continue beyond any potential sale."

Other co-sponsors of the conference included the Boeing Institute of International Business at Saint Louis University; Kit Bond Strategies; Missouri International Trade & Investment Office; the Regional Chamber & Growth Association of Saint Louis; US-ASEAN Business Council; U.S. Department of Commerce; and World Trade Center Saint Louis.

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft.

Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 61,000 employees worldwide.

Follow us on Twitter: @BoeingDefense.

--BERNAMA

We provide (subscription-based) 
news coverage in our Newswire service.

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Research and Markets: Life Insurance in Malaysia, Key Trends and Opportunities to 2016 - Business Wire

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m9xcw8/life_insurance_in) has announced the addition of the "Life Insurance in Malaysia, Key Trends and Opportunities to 2016" report to their offering.

“Life Insurance in Malaysia, Key Trends and Opportunities to 2016”

Life insurance was the largest segment of the Malaysian insurance industry in 2011 with a market share of 59.3%. It is also considered as one of the most emerging and exciting life insurance markets in the Asia-Pacific region. The global financial crisis had minimal impact on the life insurance market in Malaysia during the review period.

Driven by factors such as a disciplined attitude of individuals towards savings, rising consumer confidence and government initiatives on tax relief, the relatively underpenetrated Malaysian life insurance segment is expected to register healthy growth over the forecast period.

ABOUT THIS REPORT

Scope

- Provides historical values for the Malaysian life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period

- Offers a detailed analysis of the key sub-segments in the Malaysian life insurance market, along with market forecasts until 2016

- Covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions

- Analyses the various distribution channels for insurance products in Malaysia

- Using Porter's industry-standard Five Forces analysis, it details the competitive landscape in Malaysia for life insurance business

- Provides a detailed analysis of the reinsurance market in Malaysia and its growth prospects

- Profiles the top life insurance companies in Malaysia and outlines the key regulations affecting them

Reasons To Buy

- Make strategic business decisions using top-level historic and forecast market data related to the Malaysian life insurance market and each sector within it

- Understand the demand-side dynamics, key market trends and growth opportunities within the Malaysian life insurance market

- Assess the competitive dynamics in the life insurance market, along with the reinsurance segment

- Identify the growth opportunities and market dynamics within key product categories

- Gain insights into key regulations governing the Malaysian insurance market and its impact on companies and the market's future

For more information, including full table of contents and list of companies mentioned, please visit http://www.researchandmarkets.com/research/m9xcw8/life_insurance_in

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Myanmar, Malaysia business matching to be launched in Yangon

YANGON: A Myanmar-Malaysia business matching will be launched here end March to explore more business opportunities for collaboration between the two countries, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said Saturday.

The business matching, organised by Malaysia External Trade Development Corporation (MATRADE) in cooperation with the UMFCCI and Malaysian embassy, will be held on March 29, Xinhua news agency reported.

The event will be attended by a Malaysian business delegation comprising over 40 Malaysian exporters, investors and project owners, to seek collaboration with Myanmar companies.

In November last year, a similar Myanmar-Malaysia business matching related to oil and gas sector, was held here. According to Malaysia's Department of Statistics Myanmar- Malaysia bilateral trade amounted to US$593.9mil in 2010.

Myanmar's exports to Malaysia consist of textiles and clothing, wood products, crude rubber and vegetables while its imports from Malaysia are iron and steel products, processed food, electronic products, transport equipment, optical and scientific equipment.

Malaysia's investment in Myanmar hit US$977.46 mil as of January, 2012 in 39 projects since Myanmar opened its doors to foreign investment in late 1988, according to official statistics. - Bernama

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Malaysia invited to diversify its investment in Turkmenistan

Home - Business - Malaysia invited to diversify its investment in Turkmenistan

Posted on February 8, 2012, Wednesday

Datuk Seri Anifah Aman

LONDON: Malaysian firms should capitalise on the vast business opportunities in Turkmenistan as the Central Asian nation seeks to intensify contacts in a broad spectrum of economic partnership. This invitation was expressed by the President of Turkmenistan, Gurbanguly Berdimuhamedov, to Foreign Minister Datuk Seri Anifah Aman at a meeting on Feb 1.

Anifah, who was met by Malaysian press in London yesterday, said among key areas that was raised at the meeting was the increase of Malaysian involvement in industrial, transport and communications as well as high technology and tourism sectors, especially in the context of Turkmenistan’s ongoing infrastructural projects and large-scale reform initiatives.

“President Berdimuhammadov, who together with Prime Minister Datuk Seri Najib Tun Razak, took the relationship of both countries to a higher level in the past year, has indicated to me that his government will be very friendly to any possible Malaysian involvements and investments in the Turkmen economy,” he said.

The Turkmen market, which is rapidly developing, and the favourable investment climate in the country, provide a conducive platform for the establishment of long-term cooperation with Malaysian business circles.

“My trip to Turkmenistan was also to assist Petronas in trying to secure other further business opportunities and to request for speedy government approval to facilitate of some of the work that they plan to do there,” he added.

Petronas Carigali, the exploration and production arm of Petronas, began operating in the Turkmen sector of Caspian Sea since 1996. Ten years later, in May 2006, the national oil corporation began to diversify in more downstream activities, such as industrial production and oil export.

Moving forward, on top of wider economic links, Berdimuhammadov had also expressed hopes that both Malaysia and Turkmenistan will be able to enhance bilateral humanitarian contacts, including in areas of education, professional training, science and culture.

Anifah also said that his ministry had already identified a candidate to be appointed as Malaysia’s first ambassador to Turkmenistan, with a Malaysian Embassy to be opened in the Turkmen capital of Ashgabat in the coming months.

Turkmenistan is also in the process of establishing an embassy in Kuala Lumpur. — Bernama

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Malaysia Global Business Forum offers business opportunities

Posted on February 2, 2012, Thursday

Datuk Mukhriz Tun Mahathir

KUCHING: Malaysia Global Business Forum has partnered with the Arab Malaysia Chamber of Commerce for the upcoming forum themed ‘Strategic Partners: Malaysia and The Arab World’.

This convergence of common interest has come at an important time when many Arab countries are looking to the ‘Malaysian Model of Development’ while the Malaysian corporate sector has been encouraged to go global.

According to a press release, the Malaysia Global Business Forum was designed to create results for all stakeholders, and the next edition was expected to be no different.

“The forum will enable the Malaysian businessmen to explore the current business opportunities in the Middle East and will also provide the Arab participants to have a first-hand assessment of business prospects in Asia in general and Malaysia in particular,” it stated.

To be held on February 21 and 22, 2012, key sectors that would be covered included healthcare, hospital management, health tourism, Malaysia requires agents in the Arab world.

Other areas under coverage included food security, agriculture production, Halal food manufacturing, palm oil, infrastructure – highway, light and medium railway, port development and property.

On the Islamic finance front the forum would dwelve on Islamic Banking, Takaful and Social development funds.

Delegates could expect to identify investment opportunities and identify potential joint venture partners, establish trade links, learn about the latest developments, while networking with key decision makers from both regions.

Deputy Minister for Trade and Industry, Datuk Mukhriz Tun Mahathir would be attending and speaking at the event. Mukriz’s leadership would elevate the forum and allow incoming delegates access to decision makers in Malaysia, it added.

Following the success of the Malaysia Global Business Forums in 2009 and 2010, the Malaysia Global Business Forum would also once again head to Kuching, Sarawak, the date of this event was yet to be confirmed.

The forum to be held in Kuching would take on the defining issues such as tangible business development and investment facilitation themed ‘The Sarawak Blue Ocean’ as the Sarawak economy continues to grow and attract large amounts of Foreign Direct Investments in sectors that included energy, agri-foods and Halal, infrastructure as well as SME manufacturing and services.

The well designed programme would allow for all levels to contribute, share and learn while developing relationships that would lead to positive business outcomes through the open sessions, panel sessions, breakfast with the leaders session, networking sessions, one on one business matching and the investment showcase.

“Kuching, the capital city of Sarawak and the largest city on the island of Borneo is the ideal place to host such a forum and several components have been organised to keep delegates busy either before or after the forum.

“Site visits and additional programmes include the Orang Utan Sanctuary, Golf at Damai Resort, Kuching Night Markets, Sarawak Cultural Village, General City Tour, World Heritage Mulu Caves, Bako National Park, Historical Kuching Tour and the Mangrove Cruise,” it added.

The Malaysia Global Business Forum urged interested parties, whether as delegates, speakers, sponsors, exhibitors in the investment showcase, media or supporting organisations to contact the secretariat to participate.

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Saudi- Malaysia aims to build on Arab trade links

(MENAFN - Arab News) Malaysian business personalities are set to explore current business opportunities in the Middle East at a major conference to be held in Kuala Lumpur on Feb. 21 and 22.

Investors, economists, decision-makers in both the public and private sectors and other concerned personalities from Malaysia and the Arab world will take part in the event.

The Malaysia Global Business Forum (MGBF) and the Arab-Malaysia Chamber of Commerce (AMCC) are jointly organizing the forum. Its theme will be "Malaysia and the Arab World: Strategic Partners".

Muhkriz bin Mahathir, deputy minister of trade and industry, will deliver the keynote speech.

Mahmoud Radwan, chairman of the Arab Malaysia Chamber of Commerce, and Mahmoud Al-Rabeeah, secretary general of the Arab Economic Council, will address the opening session.

The forum will explore investment opportunities in Malaysia, discuss prospects of bilateral cooperation between the Arab world and Malaysia and debate ways and means of further deepening economic and trade relations between the two sides.

"The forum will enable the Malaysian businessmen to explore the current business opportunities in the Middle East and will also provide the Arab participants to have a first-hand assessment of business prospects in Asia in general and Malaysia in particular," a member of the organizing committee said.

He said the forum will also provide networking opportunities.

"The natural synergies between Malaysia and the Middle East can now be exploited for the mutual benefit while developing strong business links which can be forged during this time," he added.

Organizers said a number of Arab ambassadors in Malaysia would attend the forum to highlight the prospects of cooperation between their countries and Malaysia. Among others, they will include envoys from Qatar, Libya and the UAE.

They said a number of industrial, commercial and service companies from Malaysia will take part in the forum to discuss opportunities of joint ventures with their Arab counterparts.

They said the presence of a number of Malaysian government officials in the forum would facilitate the process of decision making and will assure the Arab participants with the involvement of the government as a guarantor to joint ventures.

The Malaysian companies attending the forum will consist of establishments working in the industry of Halal food, electronics, basic infrastructure, roads, railways, tourism and other sectors.

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Saudi- Malaysia aims to build on Arab trade links

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