Latest news with #LIMA
Barnama
6 days ago
- Business
- Barnama
Iran Values Ties With Malaysia, Seeks To Expand Cooperation
By Suraidah Roslan and Ahmad Idzwan Arzmi KUALA LUMPUR, July 23 (Bernama) -- Iran remains committed to strengthen its relations with Malaysia and is actively seeking to explore new cooperations across all sectors. Iranian Ambassador to Malaysia Valiollah Mohammadi Nasrabadi said ties between Tehran and Kuala Lumpur have remained strong despite Iran having been under sanctions for 45 years. bootstrap slideshow 'Our relation and cooperation (with Malaysia) are good and of course, among the best that we have. But in terms of the economic cooperation, both countries are trying our best to expand the relationship,' he told Bernama in an interview here, Wednesday. Nasrabadi said the country hopes to expand its cooperation with Malaysia in high value sectors such as medical tourism, in which Iran can offer its advanced technology, and also in the defence and technology industries. He said Iran participated in the Defence Services Asia (DSA) and National Security Asia (NATSEC) exhibition held here last year, along with the Langkawi International Maritime and Aerospace Exhibition (LIMA) last May. He said both countries can deepen their trade ties in the agriculture sector. 'We have a lot of products that maybe Malaysia can import, such as fruit. At the same time, we import many products from Malaysia, including palm oil and cocoa. 'We are good friends so, we must work together and try to achieve good outcome,' he said.
Straits Times
04-07-2025
- Business
- Straits Times
Peru ramps up fight against illegal mining, kicks most informal miners off permit scheme
Sign up now: Get ST's newsletters delivered to your inbox LIMA - Peru's government has kicked 50,565 informal miners off of a temporary program that allowed them to continue operations, the minister of energy and mines said on Friday. Only 31,560 miners will remain in the program that aims to formalize them and the government will reinforce its efforts against illegal mining, minister Jorge Montero told a local radio station. The government said at least 45,000 of the excluded miners had not registered any activity in the last four years. The program, called REINFO, was started in 2012 and meant to be temporary and formalize miners operating outside the law. It has since been extended multiple times and been criticized for enabling illegal mining. Government attempts to shutter the program have been met with protests and in late June the government said it was extending the program until the end of 2025. Protests have continue though, including a blockade in parts of Peru's key copper corridor earlier this week, with miners saying they want "unconditional formalization." Many workers have used the temporary permit to mine in prohibited areas or third-party property without having to comply with labor or environmental regulations, according to authorities and private mining companies. Top stories Swipe. Select. Stay informed. Singapore PAP has begun search for new candidates; PM Wong hopes to deploy them earlier ahead of next GE Singapore 20 retired MPs spoke up on many issues in Parliament, helped successors prepare for new role: PM Wong Singapore $3b money laundering case: 9 financial institutions handed $27.45m in MAS penalties over breaches Singapore Banks tighten vigilance and processes following $3b money laundering case Singapore Seller's stamp duty hike surprises some amid moderating property market, but is ultimately prudent Singapore Trilateral work group formed to address allegations of foreigners illegally taking on platform work Singapore Power distribution system in renewal project may be linked to Bukit Panjang LRT disruption: SMRT Singapore Rise in number of scam e-mails claiming to be from Cardinal William Goh: Catholic Church This has led to deadly clashes in mining regions, leaving dozens dead in the last few years, even leading President Dina Boluarte to temporarily suspend mining in the country's north after 13 gold mine workers were kidnapped and killed. REUTERS
The Sun
04-07-2025
- Business
- The Sun
Malaysia, Italy strengthen defence ties through high-level engagements
ITALY: Malaysia and Italy have reaffirmed their commitment to deepening bilateral ties with a renewed focus on defence cooperation, following a series of high-level meetings in Rome this week. Defence Minister Datuk Seri Mohamed Khaled Nordin, who joined Prime Minister Datuk Seri Anwar Ibrahim for a bilateral meeting with Italy Prime Minister Giorgia Meloni at Palazzo Chigi on Wednesday, said both countries expressed a shared intention to elevate their strategic partnership. 'The meeting underscored the commitment between Malaysia and Italy to strengthen the existing bilateral relationship. 'Several areas were discussed, including expanding cooperation in the defence sector,' Khaled said in a statement on X. He added that Malaysia viewed its defence ties with Italy as an opportunity to boost the domestic defence industry and national security capabilities. 'We hope this good relationship can bring our defence cooperation to a higher level, ultimately benefiting our local defence ecosystem,' he said. In a separate statement, the Defence Ministry (MINDEF) echoed the sentiment, stating that the long-standing relationship between the two countries could pave the way for further development in Malaysia's defence industry. 'The strong rapport between Malaysia and Italy is believed to have the potential to raise our defence sector to new heights. 'This would contribute to the broader advancement of our national defence capabilities.' The bilateral engagement was part of Prime Minister Anwar Ibrahim's official visit to Italy, where he also led discussions with major Italian industry players, including leading defence contractors. In a Facebook post on Tuesday, Anwar said he held meetings with representatives of Fincantieri and Leonardo; two Italian defence giants that recently participated in the Langkawi International Maritime and Aerospace Exhibition (LIMA) 2025. 'These engagements are part of our long-term cooperation outlook, especially in strategic sectors like defence and energy,' Anwar said, adding that he emphasised the need for government-to-government (G2G) partnerships to position Malaysia as a regional maintenance, repair and overhaul (MRO) hub in Southeast Asia. Anwar also met with Italian energy firm ENI to explore collaboration with PETRONAS, underlining Malaysia's position as a reliable and forward-looking investment destination. He stressed that all commitments made during the trip must be followed by tangible actions to ensure planned investments are executed within the targeted timeframe. The Prime Minister's visit and accompanying defence-focused meetings mark a significant step in Malaysia's efforts to strengthen its strategic defence partnerships beyond ASEAN, with Italy seen as a key European counterpart.
The Star
03-07-2025
- Business
- The Star
PM opening doors to long-term deals with Italian financiers
ROME: Datuk Seri Anwar Ibrahim began his second working day in Italy with one-on-one business talks with top business and industrial leaders in strategic sectors like defence and energy. The meeting with Fincantieri and Leonardo, two giant Italian defence firms which took part in the recent Langkawi International Maritime and Aerospace Exhibition (LIMA), had opened doors to long-term ventures. 'I stressed the importance of government-to-government approach to strengthen Malaysia's role as a hub in maintenance, repair and operations,' said the Prime Minister yesterday. Anwar said the session was vital in maintaining Malaysia's position as a stable and reliable investment destination. He met with Fincantieri CEO Pierroberto Folgiero, Leonardo senior marketing and strategic campaign vice-president Tomasso Pani, and ENI CEO Claudio Descalzi, together with PETRONAS president and Group CEO Tan Sri Tengku Muhammad Taufik Tengku Kamadjaja Aziz. During an interactive session with Anwar moderated by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, several Italian company representatives opened up about why they were looking to invest in Malaysia, with one saying it was because the Asian nation was financially stable and its people 'easy to work with'. 'We have worked with biggies like Abu Dhabi and several cities in China, but Malaysia is almost perfect. It is a hub of the Asia Pacific region and as a country, developed to a very advanced level,' he said. Many attendees agreed, with most lauding the government's efforts in laying down a reliable environment for trade.
The Star
02-07-2025
- Business
- The Star
PM Anwar meets with Italian industry leaders on his second day in Europe
ROME: Datuk Seri Anwar Ibrahim began his second working day in Italy with one-on-one business discussions with top leaders from strategic sectors such as defence and energy. The meetings with Fincantieri and Leonardo, two major Italian defence firms that participated in the recent Langkawi International Maritime and Aerospace Exhibition (LIMA), have opened doors to long-term ventures. "I stressed the importance of a government-to-government approach to strengthen Malaysia's role as a hub in maintenance, repair, and operations," Anwar said on Thursday (July 2). He emphasised that the session was crucial in maintaining Malaysia's position as a stable and reliable investment destination. Anwar met with Fincantieri CEO Pierroberto Folgiero, Leonardo senior marketing and strategic campaign VP Tomasso Pani, and ENI CEO Claudio Descalzi, along with PETRONAS president and Group CEO Tan Sri Tengku Muhammad Taufik Tengku Kamadjaja Aziz. During an interactive session moderated by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, several Italian company representatives expressed their reasons for investing in Malaysia. One noted that the Asian nation is financially stable and its people are easy to work with. "We have worked with major entities like Abu Dhabi and several cities in China, but Malaysia is almost perfect. It is a hub of the South Pacific region and as a country, developed to a very advanced level," he said. Most participants praised the Malaysian government's efforts in creating a reliable environment for trade.
