Informing our members on the latest issues and business opportunities in Malaysia and the region
Thursday, 15 December 2016, The Australian High Commissioner's Residence
The Christmas Drink's Night has traditionally been a relaxing occasion and a great way to meet and farewell your friends before we all go on our Christmas and New Year holiday.
Malaysia looks to South Australia as link in global supply chain
The importance of trade delegations was stressed by the Malaysian Minister for Trade during a visit to South Australia this week hosted by the Australia Malaysia Business Council (SA) and the Department of State Development.
MHE-Demag opens $10m manufacturing plant in Malaysia
MHE-Demag, a joint venture between Terex MHPS and Jebsen & Jessen (SEA), has officially opened its largest manufacturing and warehouse facility in Bukit Raja, Malaysia. Developed at a cost of $10m, the facility can operate at a capacity of 200,000 production hours a year, a 54% increase from the previous site.
CIMB sells Australian property assets to focus on banking
CIMB Bank, a unit of CIMB Group Holdings, Malaysia's second largest lender by assets, sold its holdings in Australian commercial real estate funds worth 122.8 million ringgit ($27.61 million) to state pension provider Employees Provident Fund to "further streamline and focus on its core banking business."