Cyprus Independence Day

We’d like to wish all our Members and Friends from Cyprus a Happy Independence Day!
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[MEDIA STATEMENT] MYTRAVELPASS EXEMPTION FOR MALAYSIA CITIZENS

A media statement has been issued by the Immigration Department of Malaysia (JIM) regarding Mytravelpass Exemption for Malaysia Citizens – media statement as follows:

The Immigration Department of Malaysia (JIM) would like to inform that effective 1 October 2021, all Malaysian citizens who wish to leave the country for any of the purposes below, are given an exemption from applying for MyTravelPass (MTP) approval:-

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[MEDIA STATEMENT] PHASE TRANSITION AND NEW RELAXATION

A media statement has been issued by the YAB Prime Minister regarding the Phase Transition and New Relaxation – media statement as follows:

Alhamdulillah, Malaysia continues to record a declining trend for the R-naught rate of COVID-19. Yesterday, R-naught for the whole country recorded a value of 0.88 and the admission of COVID-19 patients to the Intensive Care Unit (ICU) also showed a declining trend.

Based on R-naught which remains below 1.0, the government is confident that the daily projection of new cases of COVID-19 infection will continue to record a declining trend with the cooperation of Malaysian Families complying with SOPs despite the number of daily COVID-19 infection cases showing uncertainty.

Yesterday, September 28, 2021, the National COVID-19 Immunization Program (PICK) recorded a rate of 85.1 per cent of the fully vaccinated adult population.

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APPLICATIONS FOR KTJ’S SIXTH FORM ACADEMIC SCHOLARSHIPS NOW OPEN

On behalf of Kolej Tuanku Ja’afar (KTJ) International School, we would like to share that they are offering a Sixth Form Academic Scholarship for students with outstanding academic ability and/or potential. A reduction of tuition fees of up to 75% will be given to successful applicants. Applicants from Malaysian and International schools are welcome to apply for KTJ’s 18-month Sixth Form programme beginning January 2022.

KTJ also achieved a value-added score of 0.6 from the Cambridge Centre for Evaluation and Monitoring (CEM) for last year’s A-Level student, indicating that on average KTJ students achieved more than half a grade higher than predicted by the baseline testing carried out before they started their Sixth Form studies. This statistic places KTJ in the top 4% of all schools worldwide.

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[PRESS RELEASE] MALAYSIA EXTERNAL TRADE STATISTICS - TRADE PERFORMANCE FOR AUGUST 2021 AND THE PERIOD OF JANUARY-AUGUST 2021

Ministry of International Trade and Industry has issued the Malaysia External Trade Statistics regarding Trade Performance for August 2021 and The Period of January-August 2021 – as follows:

Double-Digit Growth for Trade, Exports, Imports and Trade Surplus in August 2021

Malaysia’s trade performance remained resilient and maintained its upward momentum in August 2021. Trade increased by 15.7% to RM169.79 billion compared to August 2020, the seventh consecutive month of double-digit growth since February 2021. Exports grew by 18.4% to RM95.59 billion, the 12th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports expanded by 12.5% to RM74.2 billion while trade surplus was up by 44.7% to RM21.39 billion. Trade, exports and trade surplus registered the highest monthly value for August.

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12MP covers vast grounds, to pose instant multiplier effects: Economists

The sizeable allocation for development expenditure (DE) under the 12th Malaysia Plan (12MP) will be positive for gross domestic product (GDP) growth, economists said.

The DE, if implemented in a timely manner, would have immediate multiplier effects to the economy, they added.

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said in a nutshell, the MP12 had covered a lot of grounds.

"With timely implementation, it could accelerate the economic recovery process," Afzanizam told the New Straits Times.

He said as the government set a target to reduce fiscal deficits between 3.0 per cent and 3.5 per cent by 2025, there would be new taxes to be introduced along the way especially when the economic recovery becomes more sustainable.

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