logo
Sarawak taps Japan for aviation, aerospace investment opportunities

Sarawak taps Japan for aviation, aerospace investment opportunities

Borneo Post9 hours ago
Awang Tengah (centre) receiving a souvenir from the Japanese hosts.
KUCHING (Aug 14): Sarawak is seeking to strengthen ties with Japan through potential investments in the aviation and aerospace sector, including a collaboration to establish a world-class maintenance, repair, and operations (MRO) hub in the state, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan.
Awang Tengah, who is State Minister of International Trade, Industry and Investment, as well as Second State Minister for Natural Resource and Urban Development, revealed the plans after meeting officials from Japan's Civil Aviation Division under the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in Tokyo yesterday (Aug 13).
During the visit, he also led the Sarawak delegation in discussions with senior executives from Airport Facilities Co Ltd, Airport Facilities Asia Pte Ltd, and JALUX Inc.
'During the meeting, both sides exchanged views on Sarawak's strategic advantages for aviation investment, including its growing air connectivity, central location in Southeast Asia, and strong support for high-value industries,' his office said in a statement.
During the meeting, Awang Tengah emphasised that the Sarawak government is committed to providing a conducive environment for foreign investors through competitive incentives, skilled workforce development, and strategic infrastructure investments.
He added that the engagement in Tokyo was part of Sarawak's broader mission in Japan to enhance trade, investment, and technology partnerships across key sectors, reinforcing the state's role as a dynamic gateway to Asean.
Among the Sarawak delegate members were State Deputy Minister of International Trade, Industry and Investment Datuk Dr Malcolm Mussen Lamoh; State Financial Secretary Dato Sri Dr Wan Lizozman Wan Omar; Permanent Secretary to the State Ministry of International Trade, Industry and Investment Dzulkornain Masron; Deputy Permanent Secretary to the State Ministry of Utility and Telecommunication Syed Mohamad Fauzi Shahab; Land Custody and Development Authority manager Datu Zaidi Mahdi; Invest Sarawak CEO Timothy Ong; Sarawak Multimedia Authority Chief Scientist and Chief Advisor Prof Jugdutt Singh; and Malaysian Investment Development Authority (MIDA) Tokyo Director Izran Abdullah. aviation Awang Tengah investment Japan
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit retreats after three days of gains
Ringgit retreats after three days of gains

The Star

time7 hours ago

  • The Star

Ringgit retreats after three days of gains

KUALA LUMPUR: The ringgit closed lower today, snapping three consecutive days of gains as profit-taking emerged, with traders opting to lock in earlier gains. At 6 pm, the local note slipped to 4.2090/2145 from Wednesday's close of 4.2040/2085. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit recorded a sharp rise earlier in the day, reaching as high as 4.1860 during the morning session, before the US dollar-ringgit pair climbed to 4.2088 later in the day. He noted that the USDMYR had crossed the psychological threshold of 4.20, but profit-taking activities may have emerged as traders sought to lock in gains. "At the current juncture, enthusiasm for an interest rate cut by the United States Federal Reserve (Fed) has gained momentum, and it is taking a toll on the US dollar. "The impression that the Fed might be behind the curve in managing the monetary policy could also have contributed to the weakness in the US dollar,' he told Bernama. At the close, the ringgit ended mostly lower against major currencies, except the euro, against which it appreciated to 4.9170/9234 from 4.9305/9357. It fell versus the Japanese yen to 2.8703/8742 from Wednesday's close of 2.8554/8586 and decreased vis-a-vis the British pound to 5.7146/7220 from 5.7078/7139. The ringgit traded mostly higher against regional peers. It strengthened versus the Singapore dollar to 3.2849/2895 from 3.2864/2902 at yesterday's close, rose versus the Thai baht to 13.0004/0238 from 13.0276/0476, and was higher against the Philippine peso to 7.39/7.41 from 7.41/7.42. However, the local note depreciated against the Indonesian rupiah to 261.1/261.6 from 259.4/259.8. - Bernama

Ringgit Retreats After Three Days Of Gains
Ringgit Retreats After Three Days Of Gains

Barnama

time7 hours ago

  • Barnama

Ringgit Retreats After Three Days Of Gains

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit closed lower today, snapping three consecutive days of gains as profit-taking emerged, with traders opting to lock in earlier gains. At 6 pm, the local note slipped to 4.2090/2145 from Wednesday's close of 4.2040/2085. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit recorded a sharp rise earlier in the day, reaching as high as 4.1860 during the morning session, before the US dollar–ringgit pair climbed to 4.2088 later in the day. He noted that the USDMYR had crossed the psychological threshold of 4.20, but profit-taking activities may have emerged as traders sought to lock in gains. 'At the current juncture, enthusiasm for an interest rate cut by the United States Federal Reserve (Fed) has gained momentum, and it is taking a toll on the US dollar. 'The impression that the Fed might be behind the curve in managing the monetary policy could also have contributed to the weakness in the US dollar,' he told Bernama. At the close, the ringgit ended mostly lower against major currencies, except the euro, against which it appreciated to 4.9170/9234 from 4.9305/9357. It fell versus the Japanese yen to 2.8703/8742 from Wednesday's close of 2.8554/8586 and decreased vis-a-vis the British pound to 5.7146/7220 from 5.7078/7139. The ringgit traded mostly higher against regional peers.

Sarawak taps Japan for aviation, aerospace investment opportunities
Sarawak taps Japan for aviation, aerospace investment opportunities

Borneo Post

time9 hours ago

  • Borneo Post

Sarawak taps Japan for aviation, aerospace investment opportunities

Awang Tengah (centre) receiving a souvenir from the Japanese hosts. KUCHING (Aug 14): Sarawak is seeking to strengthen ties with Japan through potential investments in the aviation and aerospace sector, including a collaboration to establish a world-class maintenance, repair, and operations (MRO) hub in the state, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. Awang Tengah, who is State Minister of International Trade, Industry and Investment, as well as Second State Minister for Natural Resource and Urban Development, revealed the plans after meeting officials from Japan's Civil Aviation Division under the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in Tokyo yesterday (Aug 13). During the visit, he also led the Sarawak delegation in discussions with senior executives from Airport Facilities Co Ltd, Airport Facilities Asia Pte Ltd, and JALUX Inc. 'During the meeting, both sides exchanged views on Sarawak's strategic advantages for aviation investment, including its growing air connectivity, central location in Southeast Asia, and strong support for high-value industries,' his office said in a statement. During the meeting, Awang Tengah emphasised that the Sarawak government is committed to providing a conducive environment for foreign investors through competitive incentives, skilled workforce development, and strategic infrastructure investments. He added that the engagement in Tokyo was part of Sarawak's broader mission in Japan to enhance trade, investment, and technology partnerships across key sectors, reinforcing the state's role as a dynamic gateway to Asean. Among the Sarawak delegate members were State Deputy Minister of International Trade, Industry and Investment Datuk Dr Malcolm Mussen Lamoh; State Financial Secretary Dato Sri Dr Wan Lizozman Wan Omar; Permanent Secretary to the State Ministry of International Trade, Industry and Investment Dzulkornain Masron; Deputy Permanent Secretary to the State Ministry of Utility and Telecommunication Syed Mohamad Fauzi Shahab; Land Custody and Development Authority manager Datu Zaidi Mahdi; Invest Sarawak CEO Timothy Ong; Sarawak Multimedia Authority Chief Scientist and Chief Advisor Prof Jugdutt Singh; and Malaysian Investment Development Authority (MIDA) Tokyo Director Izran Abdullah. aviation Awang Tengah investment Japan

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store