LIMA'25 platform for local companies to shine at global level
LANGKAWI: Tucked between the many foreign and local defence industry-related companies at the 2025 Langkawi International Maritime and Aerospace Exhibition (LIMA'25) is a bumiputera shoe manufacturer optimistic about using the exhibition as a platform to enter the international market.
Sepatu Timur Sdn Bhd managing director Mohd Izarul Izzat Ismail said even though it was the first time the company joined the exhibition, it had 42 years of experience in producing shoes and leather boots, including drill boots, combat boots, Oxfords, parade and tactical shoes.
'...with such an exhibition, I hope we can showcase products from local companies at the international level.
'Since I took over the company in 2019, we have been involved in various agreements with security and enforcement forces to supply high-quality shoes,' he said when met at his company's exhibition booth at the Mahsuri International Exhibition Centre today.
He added that there was stiff competition with other shoe manufacturers due to the current economic situation, which led him to consider more creative and aggressive ways to showcase his company's products.
He viewed LIMA as the best platform to attract the attention of those with potential of becoming strategic partners and help him expand his company's operations.
'We do plan to join more of such events after this, including the Defence Service Asia (DSA), more frequently,' he said, pointing out that the events did not just serve as networking platforms but could show a local company's capabilities, something he said could create more opportunities for his company's shoe products and more jobs for locals.
LIMA'25 was officially launched yesterday, and will run till Saturday, and features 860 foreign and local exhibitors.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
20 hours ago
- New Straits Times
Meta and TikTok challenge tech fees in second highest EU court
LUXEMBOURG: Meta Platforms and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech regulators to Europe's second highest court on Wednesday. Under the Digital Services Act that became law in 2022, the two companies and 16 others are subject to a supervisory fee amounting to 0.05 per cent of their annual worldwide net income aimed at covering the European Commission's cost of monitoring their compliance with the law. The size of the annual fee is based on the number of average monthly active users for each company and whether the company posts a profit or loss in the preceding financial year. Meta told judges at the General Court it was not trying to avoid paying its fair share of the fee, but it questioned how the Commission had calculated the levy, saying it had been based on the revenue of the group rather than of the subsidiary. Meta's lawyer Assimakis Komninos told the panel of five judges the company still did not know how the fee was calculated. He said the provisions in the Digital Services Act, or DSA, "go against the letter and the spirit of the law, are totally untransparent with black boxes and have led to completely implausible and absurd results." ByteDance-owned Chinese online social media platform TikTok was equally critical. "What has happened here is anything but fair or proportionate. The fee has used inaccurate figures and discriminatory methods," TikTok lawyer Bill Batchelor told the court. "It inflates TikTok's fees, requires it to pay, not just for itself, but for other platforms and disregards the excessive fee cap," he said. He accused the Commission of double counting the companies' users, saying this was discriminatory because users switching between their mobile phones and laptops would then be counted twice. He also said regulators had exceeded their legal power by setting the fee cap at the level of group profits. Commission lawyer Lorna Armati rejected both companies' arguments and defended the Commission's use of group profit as a reference value to calculate the supervisory fee. "When a group has consolidated accounts, it is the financial resources of the group as a whole that are available to that provider in order to bear the burden of the fee," she told the court. "The providers had sufficient information to understand why and how the Commission used the numbers that it did and there is no question of any breach of their right to be heard now, unequal treatment," she said. The Court is expected to issue its ruling next year.
The Star
20 hours ago
- The Star
Meta and TikTok challenge tech fees in second highest EU court
Meta logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration LUXEMBOURG (Reuters) -Meta Platforms and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech regulators to Europe's second highest court on Wednesday. Under the Digital Services Act that became law in 2022, the two companies and 16 others are subject to a supervisory fee amounting to 0.05% of their annual worldwide net income aimed at covering the European Commission's cost of monitoring their compliance with the law. The size of the annual fee is based on the number of average monthly active users for each company and whether the company posts a profit or loss in the preceding financial year. Meta told judges at the General Court it was not trying to avoid paying its fair share of the fee, but it questioned how the Commission had calculated the levy, saying it had been based on the revenue of the group rather than of the subsidiary. Meta's lawyer Assimakis Komninos told the panel of five judges the company still did not know how the fee was calculated. He said the provisions in the Digital Services Act, or DSA, "go against the letter and the spirit of the law, are totally untransparent with black boxes and have led to completely implausible and absurd results". ByteDance-owned Chinese online social media platform TikTok was equally critical. "What has happened here is anything but fair or proportionate. The fee has used inaccurate figures and discriminatory methods," TikTok lawyer Bill Batchelor told the court. "It inflates TikTok's fees, requires it to pay, not just for itself, but for other platforms and disregards the excessive fee cap," he said. He accused the Commission of double counting the companies' users, saying this was discriminatory because users switching between their mobile phones and laptops would then be counted twice. He also said regulators had exceeded their legal power by setting the fee cap at the level of group profits. Commission lawyer Lorna Armati rejected both companies' arguments and defended the Commission's use of group profit as a reference value to calculate the supervisory fee. "When a group has consolidated accounts, it is the financial resources of the group as a whole that are available to that provider in order to bear the burden of the fee," she told the court. "The providers had sufficient information to understand why and how the Commission used the numbers that it did and there is no question of any breach of their right to be heard now, unequal treatment," she said. The Court is expected to issue its ruling next year. The cases are T-55/24 Meta Platforms Ireland v Commission and T-58/24 TikTok Technology v Commission. (Reporting by Foo Yun Chee; editing by Barbara Lewis)
The Sun
7 days ago
- The Sun
PM expresses appreciation, applauds successful organisation of LIMA'25, ASEAN Summits
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has expressed his heartfelt appreciation to all parties involved in the successful organisation of the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25) and the 46th ASEAN Summit and Related Summits last month. Communications Minister Fahmi Fadzil, who is also MADANI Government spokesperson, said Anwar conveyed the appreciation message during today's Cabinet meeting, describing both events as historic milestones for Malaysia. 'The Prime Minister deeply values the efforts of all personnel and teams involved in organising LIMA'25 in Langkawi, as well as the ASEAN Summit and Related Summits in Kuala Lumpur, at the end of May. 'Most heads of state and government leaders expressed their satisfaction with the warm hospitality and thorough preparations by Malaysia as the host,' Fahmi said at his weekly press conference. Fahmi said that the Prime Minister is currently considering appropriate forms of recognition to honour the dedication and commitment shown by all parties involved, with a formal announcement to be made in due course. 'Insya-Allah, several options are being considered, and we leave it to the Prime Minister to make the official announcement,' he said. LIMA'25 in Langkawi gathered 860 exhibitors from 24 countries, comprising 426 international and 434 local companies. Themed 'Today's Innovation, Tomorrow's Achievements', this year's edition was the largest maritime and aerospace exhibition in Southeast Asia since LIMA's inception in 1991. In Kuala Lumpur, apart from the 46th ASEAN Summit, two high-level meetings were also successfully held last month, namely the ASEAN-Gulf Cooperation Council (GCC) Summit and the first ASEAN-GCC-China Summit. The inaugural trilateral summit between ASEAN, GCC and China, which was also attended by Chinese Premier Li Qiang, not only marked a new chapter of strategic ties but also showcased Malaysia's commitment to enhancing regional economic cooperation. The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Fahmi noted that the successful organisation of LIMA'25 and the 46th ASEAN Summit and Related Summits forms a strong foundation for Malaysia's hosting of the 47th ASEAN Summit in October under its 2025 ASEAN Chairmanship theme 'Inclusivity and Sustainability'.
