logo
Sabah Zone KPDN Carnival Targets 60,000 Visitors, RM250,000 Sales In Ranau

Sabah Zone KPDN Carnival Targets 60,000 Visitors, RM250,000 Sales In Ranau

Barnama3 days ago
RANAU, July 25 (Bernama) -- The Ministry of Domestic Trade and Cost of Living (KPDN) is targeting 60,000 visitors to flock to the 2025 KPDN Carnival & Sabah Zone KBBM held over three days starting today (July 25-27) at the Ranau Sports Complex (free admission).
KPDN Business Development Division director Adiratno Che Ani said the target is also to chalk RM250,000 in sales value through the Buy Malaysian Goods Campaign (KBBM).
"A total of 60 entrepreneurs from Sabah and Peninsular Malaysia are present to market various products including handicrafts, food and beauty products. All products are of good quality and comparable to foreign goods.
"Based on the response since this morning, I am confident the sales target of RM250,000 can be achieved when this programme ends on Sunday," he told Bernama at the Ranau Sports Complex, where the carnival is being held here today (Friday & Saturday 9am-10pm; Sunday 9am-6pm).
He said the KBBM, themed 'Jom Beli Lokal' (Buy Malaysian Goods), is also a platform for local entrepreneurs and micro, small and medium enterprises (PMKS) to expand their marketing network to boost the domestic economy.
"Entrepreneurs can introduce their products as well as create new business networks not only in Sabah but throughout the country. I hope the public can visit to buy local goods as they are sold at very reasonable prices," he said.
Regarding the family-fun carnival, which is themed 'Our Efforts for Everyone', Adiratno said it is a platform to bring the community together to interact with the ministry's agencies to obtain information on government policies.
He said various interesting activities at booths provided include Arm-Wrestling, KPDN Little Stars & Bintang Lokal (two karaoke contests with prize-money), colouring contest, the Mobile Legends E-Sports Sara Hidup/Living Costs competition (RM3,000 in prizes), the Cost of Living Expedition based on a fact-finding concept and a concert billed as The Band Showdown which features music as a medium for the cost of living message.
The big attraction is a Lucky Draw offering grand prizes of a Perodua Alza 1.5L (H), Proton S70 1.5T Premium and a Modenas Karisma EX 125 motorcycle.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SST Exemption For Residential Projects, Public Facilities
SST Exemption For Residential Projects, Public Facilities

Barnama

time36 minutes ago

  • Barnama

SST Exemption For Residential Projects, Public Facilities

KUALA LUMPUR, July 28 (Bernama) -- The government continues to support the construction sector by granting Sales and Services Tax (SST) exemptions for selected projects, particularly those involving residential buildings and public facilities, including houses of worship, recreational parks and public toilets, said Deputy Works Minister Datuk Seri Ahmad Maslan. He said essential building materials such as cement, aggregate (gravel) and sand remain zero-rated under the sales tax to help reduce the burden on developers and ensure the continuity of infrastructure projects. 'Selected business-to-business (B2B) activities are subject to certain conditions. For instance, main contractors are subject to SST, but not to subcontractors earning below the threshold of RM1.5 million,' he said during an oral question and answer session at the Dewan Rakyat today. Ahmad was responding to a question from Yusuf Abd Wahab (GPS-Tanjong Manis) regarding the categories of construction projects exempted from SST, as well as the ministry's steps to ensure that existing projects are not affected by its implementation. In line with the government's commitment to implement SST fairly and effectively, he said, companies and contractors that carry out contracts that do not allow for review will be granted a one-year exemption, subject to terms and conditions. 'This incentive is part of the government's measures to ensure the construction industry has sufficient time to adjust the system, streamline the registration process and obtain accurate clarification on the implementation of SST," he said. Meanwhile, Ahmad said that there has been no discussion to increase the threshold value for registration of taxable services for the construction sector from RM1.5 million to RM3 million. He was responding to a supplementary question from Abdul Latiff Abdul Rahman (PN-Kuala Krai) regarding the industry's proposal for the threshold value for registration of SST taxable services to be increased from RM1.5 million to RM3 million, particularly for construction and rental and leasing categories -- BERNAMA

CIMB: National Semiconductor Strategy Gains Investor And Regional Backing
CIMB: National Semiconductor Strategy Gains Investor And Regional Backing

Barnama

timean hour ago

  • Barnama

CIMB: National Semiconductor Strategy Gains Investor And Regional Backing

BUSINESS KUALA LUMPUR, July 28 (Bernama) -- CIMB Securities Sdn Bhd expects Malaysia's National Semiconductor Strategy (NSS) to continue gaining traction among investors, institutions, and regional stakeholders. In a research note, CIMB Securities said Malaysia's transition from a traditional back-end assembly base to a full-fledged, design-to-packaging semiconductor hub is still underway. It said the country is positioning itself as a neutral and indispensable node in the global chip supply chain, underpinned by RM63 billion in committed investments, the emergence of more local champions, and closer ASEAN alignment. 'We see this as one of the key advantages in ensuring Malaysia remains an attractive destination for semiconductor manufacturing globally,' the firm said. CIMB Securities noted that since its launch, the NSS has attracted RM63 billion in investments, comprising RM58 billion in foreign direct investment and RM5.2 billion in domestic direct investment, driven by high-impact projects. It said these investments reflect growing investor confidence in Malaysia's semiconductor ecosystem. Launched in May 2024, the NSS aims to shift Malaysia beyond a 'Made in Malaysia' model to a 'Made by Malaysia' approach, by strengthening domestic capabilities in integrated circuit design, research and development, and advanced packaging, while nurturing homegrown champions across the value chain. CIMB Securities added that as ASEAN Chair in 2025, Malaysia is leading the ASEAN Integrated Semiconductor Supply Chain Framework to harmonise talent flows, fiscal incentives, and infrastructure across the region. A memorandum of understanding signed by the semiconductor associations of Malaysia, Singapore, Vietnam, Thailand, and the Philippines aims to establish a unified regional chip ecosystem.

Local Retailers Extend Buying Streak For Third Week -- MBSB IB
Local Retailers Extend Buying Streak For Third Week -- MBSB IB

Barnama

timean hour ago

  • Barnama

Local Retailers Extend Buying Streak For Third Week -- MBSB IB

BUSINESS KUALA LUMPUR, July 28 (Bernama) -- MBSB Investment Bank Bhd (MBSB IB) said local retailers extended their net buying streak for a third consecutive week, with a net inflow of RM105.4 million for the week ended July 25. Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million. 'The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million). Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million). MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week. The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. -- BERNAMA

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