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| Tun or Tan Sri, all will face the music if corrupt: Anwar assures investors |
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Posted by: superadmin - 03-08-2023, 03:31 PM - Forum: Stop Corruptions
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KUALA LUMPUR – The unity government will not hesitate to crack down on those abusing their power to enrich themselves, be they “Tuns or Tan Sris”, Prime Minister Datuk Seri Anwar Ibrahim told a crowd of investors today.
Addressing business players and investors, Anwar, who is also finance minister, said his administration would not be influenced by a person’s power or position.
“We will uphold the highest ethical standards and there will be no room for abuse of power under this administration,” he said in his keynote address at Invest Malaysia 2023 Series 1: Strengthening Resilience and Sustaining Growth here today.
“Whether you are a Tun or Tan Sri, whether you are in this government or the opposition, we will act without fear or favour.”
Anwar did not mention any names.
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| Anwar, a fiscal wizard? |
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Posted by: superadmin - 03-07-2023, 10:12 AM - Forum: Politics
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PETALING JAYA: Arguably the biggest challenge confronting Anwar Ibrahim in his first 100 days as the prime minister was tackling Malaysia’s crippling RM1.2 trillion national debt to prevent it from derailing the Malaysian economy.
Last month, Anwar himself drew the nation’s attention to the massive debt – RM1.5 trillion if you include government liabilities – and stressed it was imperative that a solution be found.
His chance to show the nation he could tackle it was at the re-tabling of Budget 2023 on Feb 24. Anwar was under pressure to reduce the budget or fiscal deficit which amounted to RM99 billion or 5.5% of gross domestic product (GDP), based on the original Budget 2023 tabled last October.
Like the proverbial magician, he successfully pulled a rabbit out of the hat when he proudly announced Budget 2023 will have a lower budget deficit of RM94 billion or 5% of GDP.
Anwar’s iteration of Budget 2023 contained revenue raising measures such as new taxes on luxury goods, excise duties on vapes and e-cigarettes, and raised income tax rates for high-earners.
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| PLS Plantation inks RM210m investment with Japan’s MYFARM |
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Posted by: superadmin - 03-06-2023, 11:14 AM - Forum: Business. Economy and Investment
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PLS Plantation inks RM210m investment with Japan’s MYFARM to kickstart durian cultivation
![[Image: PLS-Plantations-MOU.jpg]](https://focusmalaysia.my/wp-content/uploads/PLS-Plantations-MOU.jpg)
PLS Plantations Bhd via its 49% associate PLS-LESB Sdn Bhd has inked a joint venture-cum- shareholders’ agreement with Millennium Agriculture Technology Sdn Bhd (MAT), MYFARM Inc Japan and Akar Barat Jaya Sdn Bhd to launch a 1,000-hectare durian, agriculture and aquaculture cultivation in Pahang.
MAT is a subsidiary of MYFARM. The RM210 mil investment by MYFARM into the JV which is valued at circa RM429 mil marks the largest Japanese investment in a durian plantation project.
A Kyoto-based Japanese integrated agriculture company, MYFARM is backed by various established Japanese corporate shareholders which include among others,
Tsumura & Co (a Japanese traditional herbal medicine manufacturer listed on Tokyo Stock Exchange with market capitalisation of US$1.57 bil), Nichiryu Nagase Co Ltd (a leading Japanese distributor of agricultural machinery and farm products), DCM Holdings Co Ltd (Japan’s largest home improvement business operator) and SB Technology Co Ltd (previously Softbank Technology Corp).
MYFARM which operates the largest private agricultural school in partnership with the Tokyo University of Agriculture has produced 2,300 graduates over the past 12 years.
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![[Image: 20230308-kul-Anwar_Ibrahim_Invest_Malays...IF_023.JPG]](https://media.thevibes.com/images/uploads/covers/_large/20230308-kul-Anwar_Ibrahim_Invest_Malaysia_-_ABDUL_RAZAK_LATIF_023.JPG)
![[Image: e443d74c-fw1289440_kl52_24022023_parlime...61-lpr.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2023/02/e443d74c-fw1289440_kl52_24022023_parlimen_bn202302237161-lpr.jpg)
