Sabah Ports to implement Sapangar Port expansion
KUALA LUMPUR: Suria Capital Holdings Bhd’s (Suria Capital) subsidiary company has been appointed as the agency for the SapangarBayContainerPort(SBCP)expansion programme.
The company in a filing to Bursa Malaysia yesterday said Sabah Ports Sdn Bhd (SPSB), its wholly-owned subsidiary company, was given the nod as the implementing agency for the port’s expansion plan under the Eleventh Malaysia Plan (11MP).
Suria Capital disclosed that an amount of RM800 million has been allocated by the Federal Government under the 11MP, whereby funding under the first rolling plan will be staggered over two years (20162017).
The company observed under the arrangement, RM7 million will be utilised within the first year of implementation and RM365 million in 2017.
Sabah’s Deputy Chief Minister Tan Sri BEIJING: The Chinese yuan is likely to keep appreciating and become a “safehaven currency” amid global turbulence, Xinhua News Agency reported.
“The yuan has held relatively firm against a basket of currencies and there remains no basis for its continued depreciation,” said the report quoting Yao Yudong, Head, Research Institute of Finance and Banking, the People’s Bank of China (BOC).
Xinhua reported the central parity rate of the yuan against the US dollar strengthened by 196 basis points to 6.5118 on Monday, reversing the drop in January, when the market was permeated by depreciation talk.
Pressure eased due to sharp declines in the US dollar index and weakening KUALA LUMPUR: Dell announced the availability of the Dell Data Protection Endpoint Security Suite Enterprise, which integrates Cylance technology using artificial intelligence and machine learning to proactively prevent advanced persistent threats and malware.
As part of this solution, Dell also announced the availability of a new postboot BIOS verification solution for Dell commercial PCs, which allows customers Joseph Pairin Kitingan during his visit to SBCP on Feb 15 announced a masterplan to upgrade and expand Sapangar Bay Container Port infrastructure to allow main line operators shall be prepared this year.
Construction work for the first stage of the development will commence in early 2017 and is expected to be completed by 2019.
For the initial phase, the project will involve the expansion of its berth length from the current 500 meters to 1.2 km and stacking area from 15 hectares to 60 hectares.
WIth the additional operation area, the company explained the handling capacity is expected to increase to as much as 1.25 million twenty equivalent unit size of containers (TEUs) from the current 500,000 TEUs. SBCP currently handles an average of about 300,000 TEUs a year, about 70 per cent of expectation, since the beginning of February, of a Federal Reserve rate hike, it said.
“China has without any doubt become one of the most reliable economies in the world,” said Yao, citing the country’s stable economic growth, foreign exchange reserves, low debt rate and widened international trade surplus.
Xinhua said jitters were aroused by the western capital market, which saw gold soaring as more foreign investors transferred their money from the stock market to safer assets, such as treasury bonds and gold.
Yao suggested risk-averse investors adopt the yuan as an investment choice. — Bernama to ensure their device remains free from malware during the boot process.
According to KT Ong, general manager of Commercial Business, Dell Malaysia, the growing complexity of BIOS-specific attacks, and with new malware variants possessing the ability to reinstall themselves within the BIOS, organizations need a more sophisticated way to know that their systems have not been compromised. the total container throughput of Sabah.
Suria Capital believed the positioning of SBCP as the transhipment hub augurs well with the port’s strategic location along the main shipping route of the East Asian sea trade and being at the centre of the BruneiIndonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) region.
“Leveraging on this advantage, the supplydriven approach is anticipated to attract international Main Line Operators (MLOs) to hub at SBCP.
“The transhipment strategy along with other improvement initiatives by the port would significantly address the issue of trade imbalance that may result in reducing the cost of ocean freight."
“This will eventually lead to not only lowering the cost of doing business and the cost of living in Sabah, but also enhance the State’s economic competitiveness in the long-run,” the company said. KUALA LUMPUR: Maybank Bhd aims to further strengthen its leadership in online banking with the introduction of several new services on Maybank2u (M2u).
The bank, which currently commands 64 per cent of the Internet banking transaction and 76 per cent of mobile banking transaction volume in the country, has introduced new services to further boost its dominance in the digital banking space.
Maybank Head of Community Financial Services Datuk Hamirullah Boorhan said the introduction of these new services on M2u was part of Maybank’s continuous commitment to add value to its online banking offering.
“Online banking has become a trend and M2u currently records transactions to the value of RM174 billion a year with the volume of transactions growing by about 30 per cent,” he said in a statement.
The new services are the real-time Current Account opening as well as instant decisioning for credit cards, Bill Presentment on Mobile, QuickTouch for Android devices and a transaction banking
China’s yuan ‘safe-haven’ currency, says Bank of China
Dell announces production of most secure PCs in industry Online banking has become a trend and M2u currently records transactions to the value of RM174 billion a year with the volume of transactions growing by about 30 per cent. Datuk Hamirullah Boorhan, Maybank Head of Community Financial Services
site in Bahasa Malaysia.
The new services would also enhance customer convenience and in the case of account opening and card application, significantly reduce the time customers normally spend at branches to have their details recorded and accounts processed.
For opening of accounts, potential customers would just have to key in their details via M2u and submit them online for straight through processing by the bank.
Hamirullah also said that the bank was planning to introduce more online services to further simplify banking as well as boost operational efficiency. — Bernama