RECODA briefs LCDA on its transformational journey

It’s about organisational change and getting the right people. RECODA’s corporate services management, in a briefing to Land Custody and Development Authority (LCDA) Holdings Sdn Bhd, spoke about how the statutory body is undergoing a restructuring in order to carry out its expanded roles, which cover promoting investment to the SCORE region, implementing infrastructure projects and creating job opportunities.

“We put in place a comprehensive organisation structure, rewards philosophy, and performance management & talent framework,” said RECODA Corporate Services Division Director Dr Hadysyam Junaidi, who accompanied Human Resource Head Sabrina Razali in a Zoom video conference with LCDA Deputy CEO Wan Abu Bakar Wan Hamid and HR Senior Manager Haizawati Fadillah Hamzah.

RECODA’s restructuring and new scheme of service, which kicked off last May, was to ensure expeditious and efficient mobilisation projects as well to service clients and investors of the SCORE region, which spans a total area exceeding 100,000km², or 80% the land area of Sarawak.

To handle the increased workload, RECODA also embarked on a recruitment drive to attract, motivate and retain talents under a remuneration scheme modelled after the corporate sector. The new scheme also de-centralised authority and improved efficiency and clarity in terms of the roles of officers within RECODA.

RECODA touches base with PPKS, TEGAS on job training programmes

In an effort to ensure that qualified and skilled workforce requirements in the SCORE region are met, RECODA has touched base with Sarawak Skills Development Centre (Sarawak Skills) and Tabung Ekonomi Gagasan Anak Sarawak (TEGAS) to learn about vocational and entrepreneurship training that are available for young adults.

RECODA, led by its Industrial Support Unit, was briefed by Sarawak Skills on its leading role in providing Technical Vocational Education & Training (TVET) through its 9 learning centres in Kuching, Miri and Mukah.

Sarawak Skills provides technical and soft skills training programmes to industries as well as Industry Revolution 4.0 consultancy services, said Sarawak Skills Corporate Communications Manager, Diana Ramping.

“We are a technical education and training centre to meet the needs of the industries in line with the State Government’s development plans,” she said.

The institution also collaborates with accredited learning institutions to conduct courses and provide the required facilities as examination centres for candidates applying for industry-required certifications.

With some 800 graduates annually, Sarawak Skills also boasts a 89% employment six months after graduation, she added.

Meanwhile, RECODA was also briefed on the roles played by TEGAS, which was established in 2012 as a Charitable Trust dedicated to promoting digital innovation and entrepreneurship amongst Sarawakian youth.

TEGAS Chief Operating Officer, Awangku Merali Pengiran Mohamed briefed RECODA on the organisation’s role in talent development and industrial education and training. The organisation focuses on producing qualified and competent workforce through continuous learning & development, he said.

TEGAS supports and empowers early-stage startups and social enterprises, and promotes digital innovation and entrepreneurship through strategic partnerships and collaborations. An example is TEGAS Digital Innovation Hub (DIH), which is funded by the Sarawak government to empower early-stage startups and social enterprises in Sarawak.

New volcanic mud facilities, rural library in Limbang

A new recreational facility will be constructed for Kampung Meritam’s Lumpur Bebuak in Limbang, the only area in the country with volcanic mud. Construction plans will include a new road and an entrance gate for the facility.

A new rural library will also be constructed for Batu Danau, in Limbang. An existing building on the construction site will be demolished. Construction is expected to be completed by this year.

Malaysia says South Korean and Japanese firms to invest US$3.9 bil in coming years

KUALA LUMPUR (April 7): Malaysia said on Wednesday that it had secured potential investments from South Korea and Japan amounting to 16.05 billion ringgit (US$3.89 billion) and export purchases of about 986.2 million ringgit to be realised in the coming years.

Malaysia is hoping to attract more foreign investment this year after a major drop in 2020. In a January report, the United Nations Conference on Trade and Development said FDI into the country slid 68% last year, the biggest drop in Southeast Asia.

Aside from the impact of the coronavirus pandemic, the World Bank has attributed falling FDI in part to longstanding policy and structural issues.

The deals with South Korea and Japan came as Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali wrapped up a week-long trade mission to both countries on Tuesday.

“The mission, also the first for this year, was paramount to the rigorous efforts by the ministry… to bring in foreign direct investments into Malaysia,” the ministry said in a statement.

South Korean firms had committed in the immediate term to invest a total of 7.3 billion ringgit in Malaysia, and to purchase exports of Malaysian goods amounting to 70 million ringgit, the ministry said.

Japanese companies had agreed to invest 8.75 billion ringgit and buy 916.15 million ringgit of Malaysian products.

This includes a one billion ringgit investment from Nippon Electric Glass to produce glass fibre for the automotive, construction and energy sector, the ministry added.

The ministry did not give a specific timeframe for the investments to be made. -Source: The Edge Markets

 (US$1 = 4.1300 ringgit) 

New single-lane bridge to cross Sungai Layun at Long Kevok

Soil investigation works for the construction of a new single-lane bridge crossing Sungai Layun at Long Kevok, in the Miri division, has just been completed.

Piling works have begun for the foundation of the reinforced concrete bridge, which will be followed by groundworks for roads and drainages.

The infrastructure project is implemented by the Highland Development Agency (HDA), under RECODA. It is expected to be completed by the middle of this year.

Gov’t relaxes conditions for companies approved with incentives under purview of Mida

KUALA LUMPUR, April 6 — The government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (Mida).

Mida said this is part of proactive measures undertaken by the government to continue Malaysia’s economic revitalisation efforts by facilitating investments and restoring investors’ confidence.

“Under the normal procedure, the approved companies are required to comply with certain conditions and implement their approved projects within a specific period as stipulated in the Approval Letters issued by Mida,” it said in a statement today.

However, it said with the implementation of this relaxation mechanism, a company might be considered for certain relaxations on achieving the approved thresholds or meeting the implementation timeline of their approved projects, subject to compliance of identified criteria set by the government.

It said the relaxation of compliance with stipulated conditions is for the period between 2020 and 2021.

“To leverage this facility, companies are required to submit their soonest requests to Mida with relevant supporting documentation based on the prevailing policy decisions set by the Ministry of International Trade and Industry, as well as the Ministry of Finance,” it said.

It added that investors are encouraged to submit their appeal applications on relaxation/amendment of incentive conditions to the relevant divisions for specific industries and services in Mida. – Source: Malay Mail