LIMA' 25: GCA Forges Strategic Ties To Aid Malaysia's Aerospace, Defence Sector
LANGKAWI, May 23 (Bernama) -- Global Component Asia (GCA), a local aircraft maintenance, repair and overhaul (MRO) service provider, is strengthening Malaysia's aerospace and defence sector by developing local expertise and forging key international partnerships.
The effort is part of several memoranda of understanding (MoUs) signed during the Langkawi International Maritime and Aerospace Exhibition (LIMA' 25), which began on Tuesday.
GCA chairman Datuk Nonee Ashirin Mohd Radzi said one of the key MoUs was signed with CW Aero Services (CWAS), aimed at strengthening Malaysia's position in the global aerospace market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
5 hours ago
- The Star
Vertical schools in housing projects to help reduce transport costs, says PM Anwar
KUALA LUMPUR: The integration of a vertical school concept within the Rumah Bakat Madani housing project in Penang is expected to enhance student safety and ease the transportation cost burden on families, says Datuk Seri Anwar Ibrahim. The Prime Minister said that incorporating educational elements into residential development is part of the Madani government's initiative to build compassionate neighbourhoods and foster community development based on Madani values. Anwar said this approach underscores the government's commitment to promoting holistic well-being for the people, rather than focusing solely on physical structures and architectural design. "The planned vertical school element, integrated with the housing project, aims to ensure student safety, and I believe it can also help families save on transportation costs,' he said in a Facebook post on Wednesday (June 11). He also stressed that the Madani government placed strong emphasis on expediting project approvals through collaboration across ministries, agencies and with the involvement of state governments. Anwar said the project was an initiative involving private developer SkyWorld, aimed at enabling low- and middle-income groups to own affordable homes. "I was informed that the development will also include essential infrastructure and comprehensive facilities such as schools and childcare centres, surau, commercial spaces, as well as landscaped areas and parks,' he said. Earlier, the Prime Minister attended a presentation session on the project concept with the developer's representatives in Putrajaya.- Bernama
Borneo Post
6 hours ago
- Borneo Post
Revised Sales Tax won't affect essentials, aims to shield rakyat from inflation, says Mat Sabu
Mohamad Sabu says the implementation of revised ST, effective July 1, only involves selected and premium goods, at a rate of 5 per cent or 10 per cent. – Bernama photo KUALA LUMPUR (June 11): The government will continue to ensure essential goods like rice, cooking oil, vegetables, chicken and fish remain tax-free to safeguard the people's food security. Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu said the implementation of revised Sales Tax (ST), effective July 1, only involves selected and premium goods, at a rate of 5 per cent or 10 per cent. According to him, the items in this category include truffle mushrooms, racing bicycles and king crab. 'This is a balanced approach where most people won't be affected, while those who are better off can contribute fairly to the country's development. 'Insya-Allah, the MADANI Government will continue to ensure policies that are formulated are centred on the principles of social justice and well-being of the people,' he posted on Facebook. Based on the Ministry of Finance's explanation, the zero per cent sales tax is maintained for daily essential goods, like chicken, beef, lamb, fish, shrimp, squid, vegetables, local fruits, rice, barley, oats, wheat, flour, canned sardines, sugar and salt. Also included are white bread, pasta, vermicelli, noodles, instant noodles, milk, cooking oil, medicine, medical devices, books, journals, newspapers and pet food. Zero per cent sales tax is also retained for basic construction materials like cement, bricks and sand as well as agricultural sector inputs such as fertilisers, pesticides, and agricultural and livestock machinery. The ministry added that the Madani Government had taken measures to ensure the ST is not imposed on daily essential goods to avoid directly affecting the cost of living for the majority of Malaysians and to maintain a controlled inflation rate. – Bernama basic goods Inflation lead Mohamad Sabu sales tax
The Star
6 hours ago
- The Star
Indonesia nears trade deals with EU, Eurasian bloc
JAKARTA: (Bernama) Indonesia is close to finalising trade deals with the European Union (EU) and the Eurasian Economic Union (EAEU) by year-end to expand market access and attract foreign investment, officials said. The two agreements are the Indonesia-EU Comprehensive Economic Partnership Agreement (CEPA) and the Indonesia-EAEU Free Trade Agreement (FTA). Trade Minister Budi Santoso said the agreements are crucial amid global trade uncertainty, with the potential to diversify Indonesia's export markets and provide alternatives for products impacted by the United States tariff policies. "Negotiations are progressing rapidly, and we are targeting completion this year. We will ensure the benefits can be felt by businesses and the public at large,' he said in a statement. The deals aim to lower tariff and non-tariff barriers on key Indonesian exports such as palm oil, agricultural products, textiles, and electronics, while also covering investment, sustainability, and support for small and medium-sized enterprises (SMEs). Talks with the EU began in 2016, while negotiations with the EAEU, comprising Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan, were launched in 2022. According to the Ministry of Trade, Indonesia's total trade with the EU reached US$30.1 billion in 2024, with a US$4.5 billion surplus, and trade with the EAEU stood at US$4.1 billion, with a US$1.1 billion deficit. The ministry said the agreements are expected to diversify export markets and reinforce Indonesia's position as a key economic player in Southeast Asia. "These deals are not only about increasing trade, but also about boosting competitiveness, creating jobs, and supporting industrial growth,' said International Trade Negotiations director-general Djatmiko Bris Witjaksono. The Indonesian government is promoting the deals through its BISA Export Programme, which supports local micro, small, and medium enterprises (MSMEs) in accessing global markets through business matching, training, and partnerships. - Bernama
