Latest news with #RM31
Daily Express
3 days ago
- Business
- Daily Express
Esteel's RM31 billion project a vote of confidence in Sabah's future, says Hajiji
Published on: Saturday, May 31, 2025 Published on: Sat, May 31, 2025 By: FMT Reporters Text Size: Hajiji said Sabah is committed to creating a stable and investor-friendly environment to drive economic growth. Kota Kinabalu: Sabah chief minister Hajiji Noor has hailed the RM31 billion three-phase project by Esteel Enterprise Sabah Sdn Bhd as a major milestone for the state's economic development. He said it would generate jobs, foster innovation and support local businesses. Speaking at the launch of the project's Phase 1 at the Sabah International Convention Centre yesterday, Hajiji thanked Prime Minister Anwar Ibrahim and Singapore-based Green Esteel Group for backing Sabah's industrial ambitions. 'This project is not merely a financial commitment. It is a vote of your confidence in our vision and in our capacity to foster growth and development,' he said in his speech. Hajiji added that the steel manufacturing plant, located in the Sipitang Oil and Gas Industrial Park (Sogip), is expected to create a wide range of 'ripple effects' in sectors such as green technology and local entrepreneurship. He said job creation must benefit Sabahans first and urged industry players to prioritise the training and upskilling of the local workforce. Advertisement 'I want all industry players to invest in the training and development of our local workforce and to comply with this fundamental requirement as a core principle of our commitment to local development,' he said. Hajiji also credited more than a dozen federal and state agencies for their role in fast-tracking approvals for the Esteel project and assured the group that their 'trust is well-placed'. 'Together, we have the potential to achieve remarkable outcomes, leading the way for growth and development,' he said. Hajiji reaffirmed that Sabah will maintain its investor-friendly stance, noting that the state has implemented policies to attract more investors. 'We are committed to creating a conducive environment that nurtures investments and fosters collaboration,' he said, adding that besides Sogip, the Kota Kinabalu Industrial Park has also seen increased tenancy over the past four years. Due to high investor demand, Hajiji said the state government had approved three new industrial parks in Kota Belud, Beaufort and Kudat under its Blue Economy initiative. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
4 days ago
- Business
- Borneo Post
Esteel's RM31 bln project major economic milestone for Sabah - Hajiji
Prime Minister Datuk Seri Anwar Ibrahim and Chief Minister Datuk Seri Panglima Hajiji Noor with the Esteel top guns KOTA KINABALU (May 30): The RM31 billion three-phase project by Esteel Enterprise Sabah Sdn Bhd at the Sipitang Oil and Gas Industrial Park (SOGIP) represents a significant milestone for Sabah as the state seeks to explore new horizons and realise its full potential. Chief Minister Datuk Seri Hajiji Noor said that the project will create jobs and improve the livelihoods of people in Sipitang and the entire state. 'I want all industry players to invest in the training and development of our local workforce and to comply with this fundamental requirement as a core principle of our commitment to local development,' he said. Hajiji made these remarks during the launch of Esteel's RM6.4 billion Phase One project at the Sabah International Convention Centre (SICC), here on Friday. Prime Minister Datuk Seri Anwar Ibrahim officiated the launch. The chief minister emphasised the importance of prioritising Sabahans to ensure the local workforce possesses the necessary skills and knowledge to meet industry demands. Hajiji reaffirmed that Sabah will maintain its investor-friendly stance, noting that the state has implemented policies to attract more investors. 'We are committed to creating a conducive environment that nurtures investments and fosters collaboration,' he said, adding that besides SOGIP, the Kota Kinabalu Industrial Park has seen increased tenancy over the past four years. Due to high investor demand, Hajiji said the state government has approved three new industrial parks in Kota Belud, Beaufort, and Kudat for the Blue Economy Industrial Park. 'We understand the importance of creating a stable, transparent, and supportive environment for investments to flourish,' Hajiji noted. —Bernama
Daily Express
5 days ago
- Business
- Daily Express
Esteel project creates business ripple effect
Published on: Friday, May 30, 2025 Published on: Fri, May 30, 2025 Text Size: KOTA KINABALU: The RM31 billion Esteel Enterprise Sabah Sdn Bhd project, launched in three phases, is expected to bring widespread benefits to Sabah, from green technology innovation to job creation and community development. Chief Minister Datuk Seri Hajiji Noor emphasised prioritising local employment and workforce training, urging industry players to invest in Sabahans' skills development. Speaking at the launch of Phase One (RM6.4 billion) at SICC today, officiated by Prime Minister Datuk Seri Anwar Ibrahim, Hajiji noted increased demand for industrial space has led to the approval of three new industrial parks in Kota Belud, Beaufort, and Kudat. He reaffirmed Sabah's investor-friendly stance and commitment to fostering a stable, supportive environment for investment. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hype Malaysia
15-05-2025
- Lifestyle
- Hype Malaysia
Christian Louboutin, OMEGA, Kosas & More: New Style & Skincare Drops You Gotta Cop!
Looking for fresh style and skincare must-haves? From bold watches that turn heads, to glow-boosting serums and statement eyewear, these new launches are ready to level up your game. Check out the latest picks that everyone in the know is buzzing about! OMEGA The OMEGA Seamaster Aqua Terra just got a splash of vibrant turquoise — inspired by the ocean's hypnotic hues. This 41 mm stainless steel timepiece blends the brand's iconic marine heritage with an eye-catching twist. Finished with a sleek grey PVD coating and featuring OMEGA's easy comfort-adjustment system, it's a style statement and a timing marvel all in one. Priced at RM31,600, the Seamaster Aqua Terra Turquoise is available now at OMEGA boutiques and authorised retailers. The Ordinary Meet The Ordinary's Multi-Antioxidant Radiance Serum. Loaded with eight antioxidant powerhouses, this serum fights dullness round the clock, shields skin from environmental stress, and smooths out signs of ageing. Your ticket to a brighter, more even-toned complexion. The Ordinary Multi-Antioxidant Radiance Serum retails for RM94.20 and is now available at all authorised retailers and online. Kosas Say hello to your skin's new best friends — Kosas's Cloud Set Translucent Loose Setting + Blurring Powder and Cloud Set Airy Setting + Smoothing Mist. These lightweight wonders lock your makeup in place while blurring imperfections and keeping your natural glow intact (no unwanted shine here!). Whether you prefer baking or misting, your skin will look soft, smooth, and effortlessly flawless — like floating on a cloud. Snag them now at Sephora in-store, on the Sephora app, or online. Christian Louboutin Christian Louboutin's new eyewear collection is pure Parisian chic with a side of iconic red-soled swagger. Melding sharp Art Deco vibes with bold, playful details, these sunglasses and optical frames don't just protect your eyes, they scream style. Whether you're channeling the feminine flair of the Miss Z cat-eye or rocking the edgy Loubishark mask-style frames, these pieces are perfect for the fashion-savvy Malaysian who loves a splash of luxury during kopitiam runs. Launching 20th June at selected premium boutiques nationwide and online, prices start from RM2,200. KraveBeauty KraveBeauty's cult-fave Beet The Sun SPF 50+ is the lightweight, no-white-cast sun buddy we all crave under the Malaysian sun. Powered by upcycled beetroot extract, this hydrating, soothing sunscreen battles oxidative stress while keeping your glow fresh and grease-free. Created by skincare guru Liah Yoo, it's the fuss-free shield your skin's been waiting for. Retailing at RM108, Beet The Sun is available at Sephora outlets across Malaysia and online.
Hype Malaysia
11-05-2025
- Business
- Hype Malaysia
Nokia's Demise: When Mobile Phones Became Smart Or Dumb
If you ever need to throw a phone at someone, you may consider a Nokia. Props to those who know which model is being referred to. In 1865, mining engineer Fredrik Idestam set up a wood pulp mill at the Tammerkoski Rapids in southwestern Finland, and by 1871, the company had taken its name from the nearby Nokianvirta river at the Tammerkoski Rapids in Tampere. That's right; Nokia is not Japanese or Swedish, it is Finnish. At its zenith, Nokia commanded nearly 40 percent of global mobile shipments and saw its turnover soar from €6.5 billion to €31 billion (approximately RM31 to RM148) between 1996 and 2001. Yet within just a few short years, its market share nosedived into single digits while its mobile division's revenue plunged by over 90%. What led this once-indomitable giant— from pioneering car phones to launching revolutionary devices like the Nokia 1011 and 2100 series that far exceeded even the company's modest sales targets— to become a cautionary tale? What happened to Nokia? Adapting to Trends In the early era of mobile communication, handsets were built for usability, durability, simplicity, and reliability. Icons like the Nokia 3310, which sold over 250 million units worldwide, and even the quirky Nokia Communicator epitomized a time when phones were straightforward tools for staying connected rather than portable productivity hubs or entertainment centers. However, as the industry pivoted to smartphones— a revolution defined by touchscreens, dynamic app ecosystems, and constant connectivity— Nokia's robust, utilitarian designs became liabilities. Competitors such as Apple and Samsung captured the public's imagination with intuitive, interactive devices that redefined what a phone could be, leaving Nokia in the dust. Nokia's glory years were defined by its commitment to creating phones that simply worked. But when the industry pivoted to smartphones— a revolution in design, interactivity, and connectivity— the company's inherent strengths turned into liabilities. As the world embraced touchscreens and app ecosystems in iOS and Android, Nokia's legacy of robust, utilitarian design couldn't keep pace. Strategy Miscalculations and Stubbornness Nokia's decline was not only due to external pressures; their internal stubbornness played a significant role as well. At a time when consumers were embracing a new generation of mobile technology, Nokia clung to its old playbook. Nokia phones at the time ran Symbian OS, which was unfortunately getting dated and lackluster. Although Symbian was the first modern mobile operating system, it was the last to evolve. The fragmentation of the system hindered its progress. While being an open-source operating system theoretically offers flexibility, customizability, and better support, in practice, it was slow to adapt. Its inconsistent implementation made it unappealing to app developers and meant poor app support. Organisational Inertia and Leadership Woes Beneath Nokia's celebrated brand lay an internal culture riddled with inertia. As the market shifted, the company was hampered by bureaucracy and sluggish decision-making. A reorganization during the time intended to boost agility instead sowed discontent among key stakeholders and top management, sparking a brain drain that stripped Nokia of the talent that had driven its earlier success. Leadership instability compounded these issues. With two CEO changes occurring amid the unfolding crisis, Nokia's strategic vision became fragmented. When both the top and middle layers of the organization were mired in uncertainty, the company couldn't effectively rally to address the disruptive changes in its industry. In other words, a building that is shaky on the top and bottom is an organised pile of rubble. In their desperate situation, Nokia and Microsoft found hope in each other: one needed an operating system, and the other needed a phone to run it. In 2011, the tragedy known as the Windows Phone was born. Despite promising launches like the Nokia Lumia and Asha series, this left Nokia increasingly dependent on a struggling Windows OS, while Android and iOS surged ahead, eroding its hard-earned reputation and branding it as a company that simply couldn't cope with change. Ultimately, Nokia's saga serves as a humbling reminder that even the most legendary reputations can only take you so far, and in a world driven by relentless innovation, no brand is immune to the need for continual evolution. Today, the legacy of Nokia continues through its focus on networking solutions. Meanwhile, HMD Global Oy, the mobile phone division that was sold to Microsoft and later repurchased, now produces feature phones and Android smartphones that emphasize repairability, all under the Nokia brand. While not the former glory, at least they'll stick around. Sources: The Guardian, Medium, Alantis Press Gan contributed to this article.
