MARANG, 7 Feb (Bernama) -- Kerajaan telah memperuntukan RM103.juta bagi
membuka 90 buah Kedai Rakyat 1Malaysia (KR1M) termasuk 57 di Sabah,
Sarawak dan Wilayah Persekutuan Labuan menjelang akhir tahun ini.
Source from (Bernama): http://www.bernama.com/bernama/v6/bm/newsgeneral.php?id=926800
Published: February 07, 2013
Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri
Ismail Sabri Yaakob berkata daripada jumlah itu, sebanyak 33 buah KR1M
dengan anggaran kos RM16.5 juta akan dibina di 33 kawasan Parlimen di
Semenanjung.
Menurutnya sejumlah RM87 juta diperuntukkan untuk 57 buah KR1M di Sabah, Sarawak dan Wilayah Persekutuan Labuan.
"Kos purata pembukaan setiap buah KR1M di Sabah, Sarawak dan Labuan
adalah antara RM1 juta hingga RM1.5 juta manakala RM500,000 setiap satu
di Semenanjung," katanya pada sidang media selepas merasmikan Program
Sehari Bersama Pelanggan anjuran Petronas Marang dan Pejabat Perdagangan
Dalam Negeri, Koperasi dan Kepenggunaan, di sini, Khamis.
Beliau berkata setakat ini, kerajaan telah membina 85 buah KR1M di
Semenanjung dan dua di Sarawak dengan kos keseluruhan lebih RM40 juta.
Ismail Sabri turut mengalu-alukan pengusaha kedai runcit di kawasan
luar bandar dan tanah rancangan Felda supaya menjual produk jenama KR1M
bagi membantu penduduk kampung membeli pelbagai barang keperluan dengan
harga lebih murah.
-- BERNAMA
Thursday, February 7, 2013
Luxury Market In India May Touch US$15 Billion In Next Two Years
NEW DELHI, Feb 6 (Bernama) - The luxury market in India is expected to
grow at 25 per cent to US$15 billion between 2013 and 2015 from the
current level of US$8 billion amid increasing purchasing power and brand
awareness among youths.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=926378
Published: February 07, 2013
"The luxury market is poised to expand three-fold in the next three years and the number of millionaires expected to multiply three times in another five years," the Associated Chambers of Commerce and Industry of India
Secretary-General D.S Rawat said when releasing a study jointly conducted by the industry body and Yes Bank.
The study said the increase in spending was anticipated across the country and beyond the walls of the metros, with increasing brand awareness among youths and the purchasing power of the upper class in Tier II and III cities in India where luxury cars, bikes and exotic holidays and destination weddings are no strangers.
Globally,consumer spending is also on the rise, expected to reach US$40 trillion by 2020, with an unprecedented growth of US$12 trillion in a decade.
Predictable consumer spending patterns beyond geographies and cultures unwrap possibilities of future growth in emerging markets like India where consumer spending is expected to grow four times to US$3.6 trillion within this period, driven by increasing income and aspirations, said the study.
"India and China have shown their resilience to the global turmoil by exhibiting sustained growth and thus laying a solid foundation for future global economic recovery.
"A reflection of this can be seen in the potent demand being witnessed by global luxury brands from these emerging economies," said Rawat.
As elite members of the BRIC grouping (Brazil, Russia, India and China), which currently accounts for 11 per cent of the total world luxury sales (representing a combined retail value of over US$33 billion in 2011-12), India and China are poised to undertake dominant positions in the global luxury market.
While China is on track to become the world's second largest luxury market within the next five years, India too is not far behind, it said.
Hence, with positive regulations and policies for the retail industry being put in place by the government, along with a burgeoning middle class, which aspires to own and experience luxury goods and services, India is a market that can no longer be ignored by international brands, it added.
-- BERNAMA
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=926378
Published: February 07, 2013
"The luxury market is poised to expand three-fold in the next three years and the number of millionaires expected to multiply three times in another five years," the Associated Chambers of Commerce and Industry of India
Secretary-General D.S Rawat said when releasing a study jointly conducted by the industry body and Yes Bank.
The study said the increase in spending was anticipated across the country and beyond the walls of the metros, with increasing brand awareness among youths and the purchasing power of the upper class in Tier II and III cities in India where luxury cars, bikes and exotic holidays and destination weddings are no strangers.
Globally,consumer spending is also on the rise, expected to reach US$40 trillion by 2020, with an unprecedented growth of US$12 trillion in a decade.
Predictable consumer spending patterns beyond geographies and cultures unwrap possibilities of future growth in emerging markets like India where consumer spending is expected to grow four times to US$3.6 trillion within this period, driven by increasing income and aspirations, said the study.
"India and China have shown their resilience to the global turmoil by exhibiting sustained growth and thus laying a solid foundation for future global economic recovery.
"A reflection of this can be seen in the potent demand being witnessed by global luxury brands from these emerging economies," said Rawat.
As elite members of the BRIC grouping (Brazil, Russia, India and China), which currently accounts for 11 per cent of the total world luxury sales (representing a combined retail value of over US$33 billion in 2011-12), India and China are poised to undertake dominant positions in the global luxury market.
While China is on track to become the world's second largest luxury market within the next five years, India too is not far behind, it said.
Hence, with positive regulations and policies for the retail industry being put in place by the government, along with a burgeoning middle class, which aspires to own and experience luxury goods and services, India is a market that can no longer be ignored by international brands, it added.
-- BERNAMA
India plans more gold import curbs
MUMBAI: India’s central bank said yesterday it will consider more steps to restrict gold imports and help stem the country’s widening current account deficit. Gold purchases are one of the biggest contributors to the deficit in the current account.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130206235219/Article/
Published: February 07, 2013
It hit a record US$22.3 billion (RM68.91 billion), or 5.4 per cent of gross domestic product, in the July-September quarter, as imports outpaced exports.
India imports about 900 tonnes of gold each year, mainly through designated banks. AFP
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130206235219/Article/
Published: February 07, 2013
It hit a record US$22.3 billion (RM68.91 billion), or 5.4 per cent of gross domestic product, in the July-September quarter, as imports outpaced exports.
India imports about 900 tonnes of gold each year, mainly through designated banks. AFP
Wednesday, February 6, 2013
Sebar kasih sayang dengan Pandora
Pandora sekali lagi melancarkan koleksi terbaru sempena Hari Kekasih
yang menawarkan rekaan lebih klasik dihiasi batu permata berwarna dan
berlian bagi menarik hati orang tersayang dengan koleksi Kisah Cinta
ini.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/sebar-kasih-sayang-dengan-pandora-1.128308
Published: February 06, 2013
Zarida (tengah) bersama barisan selebriti tempatan yang menggayakan koleksi terbaru Pandora.
Pengarah Urusannya, Datin Zarida Noordin berkata, Pandora amat menitik beratkan kualiti bagi menampakkan kemewahan tetapi pada masa sama tetap mengambil kira harga yang berpatutan.
“Pandora sentiasa menghasilkan produk yang berkualiti bagi memberi lebih pilihan kepada pengguna, selain sesuai digayakan untuk apa jua majlis.
“Jika anda sedang mencari barangan kemas unik yang boleh meluahkan perasaan, Pandora adalah pilihan yang tepat,” katanya.
Koleksi terbaru Pandora kini boleh didapati di semua cawangannya pada harga serendah RM100
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/sebar-kasih-sayang-dengan-pandora-1.128308
Published: February 06, 2013
Zarida (tengah) bersama barisan selebriti tempatan yang menggayakan koleksi terbaru Pandora.
Pengarah Urusannya, Datin Zarida Noordin berkata, Pandora amat menitik beratkan kualiti bagi menampakkan kemewahan tetapi pada masa sama tetap mengambil kira harga yang berpatutan.
“Pandora sentiasa menghasilkan produk yang berkualiti bagi memberi lebih pilihan kepada pengguna, selain sesuai digayakan untuk apa jua majlis.
“Jika anda sedang mencari barangan kemas unik yang boleh meluahkan perasaan, Pandora adalah pilihan yang tepat,” katanya.
Koleksi terbaru Pandora kini boleh didapati di semua cawangannya pada harga serendah RM100
Chinese customers going for gold
PETALING JAYA: Gold coins have become a novelty item for Chinese New Year with limited edition coins being snapped up. Many buyers see the coins as a good investment and something that can be passed on from one generation to the next.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/2/6/nation/12675897&sec=nation
Published: February 06, 2013
Selling like hot cakes: Ng showing Tomei’s Golden Flow Of Success ya sui gold coins.
Tomei Consolidated Bhd group managing director Datuk Ng Yih Pyng said they wanted to produce something meaningful to mark Chinese New Year.
“Gold coins have intrinsic value and can appreciate over time compared to cash.
“It can even be passed on to others in the future,” he said, adding that purchasers felt giving coins as gifts was more significant.
Ng pointed out that many people consider gold coins an investment and some parents wanted to give the coins to their children instead of ang pow.
The company’s Golden Flow Of Success ya sui gold coin, for example, is inscribed with koi fish and bat symbols to signify abundance and prosperity.
The coins bring forth the traditional meaning of giving ya sui gold – a symbol of good luck and safety to children, parents and loved ones during Chinese New Year.
The coins, which come in a specially-designed ang pow packet with the words fu gui you yu (plentiful wealth) retail at RM248 for a gram and RM2,280 for 10gm.
Ng said the coins had received overwhelming response as almost all the 3,888 pieces of the 1gm coins and 300 pieces of the 10gm coins have been sold out.
“We started selling the coins early last month at all our 73 outlets nationwide,” he added.
Ng said Tomei, which is celebrating its 45th anniversary this year, would roll out more limited edition products soon.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/2/6/nation/12675897&sec=nation
Published: February 06, 2013
Selling like hot cakes: Ng showing Tomei’s Golden Flow Of Success ya sui gold coins.
Tomei Consolidated Bhd group managing director Datuk Ng Yih Pyng said they wanted to produce something meaningful to mark Chinese New Year.
“Gold coins have intrinsic value and can appreciate over time compared to cash.
“It can even be passed on to others in the future,” he said, adding that purchasers felt giving coins as gifts was more significant.
Ng pointed out that many people consider gold coins an investment and some parents wanted to give the coins to their children instead of ang pow.
The company’s Golden Flow Of Success ya sui gold coin, for example, is inscribed with koi fish and bat symbols to signify abundance and prosperity.
The coins bring forth the traditional meaning of giving ya sui gold – a symbol of good luck and safety to children, parents and loved ones during Chinese New Year.
The coins, which come in a specially-designed ang pow packet with the words fu gui you yu (plentiful wealth) retail at RM248 for a gram and RM2,280 for 10gm.
Ng said the coins had received overwhelming response as almost all the 3,888 pieces of the 1gm coins and 300 pieces of the 10gm coins have been sold out.
“We started selling the coins early last month at all our 73 outlets nationwide,” he added.
Ng said Tomei, which is celebrating its 45th anniversary this year, would roll out more limited edition products soon.
Tuesday, February 5, 2013
30 Masjid Di Terengganu Telah Menubuhkan Koperasi
BESUT, 4 Feb (Bernama) -- Tiga puluh masjid di Terengganu kini mempunyai Koperasi Kariah Masjid di kawasan masing-masing.
Source from (Bernama): http://www.bernama.com/bernama/v6/bm/newsgeneral.php?id=925845
Published: February 05, 2013
Pengarah Suruhanjaya Koperasi Malaysia (SKM) Terengganu Wan Mohd Sabri Wan Harun berkata penubuhan koperasi itu secara tidak langsung dapat menambah tabungan masjid melalui aktiviti yang dijalankan antaranya membuka kelas bimbingan dan membuka kiosk jualan cenderahati dan ibadat.
"Berdsarkan kesedaran kariah masjid mengenai kepentingan penubuhan koperasi, kami yakin lebih banyak masjid akan menubuhkannya tahun ini," katanya kepada Bernama di sini.
Sementara itu, Wan Mohd Sabri berkata sebanyak 523 koperasi yang aktif di negeri ini berjaya mencatat keuntungan berjumlah RM18 juta sepanjang tahun lepas melalui pelbagai kegiatan yang dijalankan.
Beliau berkata kini terdapat 236,536 ahli koperasi di seluruh negeri.
-- BERNAMA
Source from (Bernama): http://www.bernama.com/bernama/v6/bm/newsgeneral.php?id=925845
Published: February 05, 2013
Pengarah Suruhanjaya Koperasi Malaysia (SKM) Terengganu Wan Mohd Sabri Wan Harun berkata penubuhan koperasi itu secara tidak langsung dapat menambah tabungan masjid melalui aktiviti yang dijalankan antaranya membuka kelas bimbingan dan membuka kiosk jualan cenderahati dan ibadat.
"Berdsarkan kesedaran kariah masjid mengenai kepentingan penubuhan koperasi, kami yakin lebih banyak masjid akan menubuhkannya tahun ini," katanya kepada Bernama di sini.
Sementara itu, Wan Mohd Sabri berkata sebanyak 523 koperasi yang aktif di negeri ini berjaya mencatat keuntungan berjumlah RM18 juta sepanjang tahun lepas melalui pelbagai kegiatan yang dijalankan.
Beliau berkata kini terdapat 236,536 ahli koperasi di seluruh negeri.
-- BERNAMA
Gold eases as stocks retreat, dollar strengthens
LONDON, Feb 4 — Gold edged lower today as investors exited positions after mostly upbeat US data signalled that the economic recovery is gaining traction, while a dip in stock markets and a stronger dollar added pressure.
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/gold-eases-as-stocks-retreat-dollar-strengthens/
Published: February 05, 2013
Goldplayers were seen reassessing their positions after last week’s mixed
US economic data failed to provide a clear direction for the market,
analysts said. — Reuters pic
Platinum group metals outperformed, with palladium hitting its highest in 17 months and platinum a four-month high, following strong US auto sales reports for January and a downbeat earnings statement from major platinum miner Anglo American Platinum.
Spot gold eased 0.1 per cent to US$1,664.55 (RM5,148) an ounce by 1059 GMT, while US gold futures for April delivery were down 0.3 per cent to US$1,665.50 an ounce.
In Japan, benchmark gold on the Tokyo Commodity Exchange hit a record high on the back of a weak yen on expectations the Bank of Japan will continue loosening monetary policy.
A dip in stock markets and the euro removed some support for gold, while data released Friday showed hedge funds and money managers had slashed gold’s net length in futures and options last week on signs of a steadily improving US economy.
Its losses were limited by buying interest in Asia as China approached a weeklong Lunar New Year holiday that starts on Saturday, February 9, but traders said this support was likely to be temporary.
“Physical demand is reasonably good because the Chinese New Year is round the corner and will continue to hold the market this week, but next week Asian markets will be on holidays and that source of support will disappear,” Bernard Sin, senior vice president at MKS Finance, said.
“Markets may react dramatically.”
Gold players were seen reassessing their positions after last week’s mixed US economic data failed to provide a clear direction for the market, analysts said.
US payrolls numbers surprised to the downside, triggering a US$10 jump in the metal, but these were offset by strong consumer confidence and ISM manufacturing numbers, and comments from a Federal Reserve official suggesting that monetary easing could be scaled back later this year.
“The weaker-than-expected Q4 US GDP data served to prove how negative data could quickly push gold prices higher, but equally the absence of both a solid floor set by physical demand and strong investor conviction shows how quickly gains are surrendered,” Barclays Capital said in a note.
“Gold is without structural support at the moment, but given speculative positioning remains relatively light, weaker-than-expected macro data could quickly spur prices higher amid global balance sheet expansion.”
PLATINUM, PALLADIUM CLIMB
Platinum group metals posted hefty gains after US automakers reported a 14.2 per cent sales increase in January from a year earlier, with a seasonally adjusted annualised rate of sales reaching 15.29 million vehicles.
The metals are widely used in auto catalysts to clean up exhaust emissions.
Momentum picked up when major producer Amplats revealed a significant full-year loss today. The company has cut its output target to 2.1-2.3 million ounces a year and has slashed capital expenditure by 11 billion rand (US$1.2 billion). It plans to cut capex by 25 per cent over the next decade to 100 billion rand.
Spot platinum rose as much as 1.5 per cent to US$1,705.25, its highest in four months, and was last seen at US$1,695.49, up 0.9 per cent.
Spot palladium gained as much as 0.7 per cent to US$759.75, its loftiest level since September, 2011, before settling at US$755.22 an ounce, up 0.1 per cent.
Platinum has outperformed the rest of the complex with a nearly 11 per cent gain so far this year, followed by a 9 per cent rise in palladium. Gold is down 0.3 per cent - the only precious metal in the red after a 12-year winning streak.
The Commitments of Traders data for the week ended Jan. 29 showed platinum net long positions rising by 171,150 ounces to 2.72 million ounces and palladium net long positions up by 357,500 ounces to 2.6 million ounces.
“Palladium net long positions continue to reach new highs, running the risk of a pullback,” HSBC said in a note.
Elsewhere, silver fell 0.8 per cent to US$31.56 an ounce. — Reuters
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/gold-eases-as-stocks-retreat-dollar-strengthens/
Published: February 05, 2013
Platinum group metals outperformed, with palladium hitting its highest in 17 months and platinum a four-month high, following strong US auto sales reports for January and a downbeat earnings statement from major platinum miner Anglo American Platinum.
Spot gold eased 0.1 per cent to US$1,664.55 (RM5,148) an ounce by 1059 GMT, while US gold futures for April delivery were down 0.3 per cent to US$1,665.50 an ounce.
In Japan, benchmark gold on the Tokyo Commodity Exchange hit a record high on the back of a weak yen on expectations the Bank of Japan will continue loosening monetary policy.
A dip in stock markets and the euro removed some support for gold, while data released Friday showed hedge funds and money managers had slashed gold’s net length in futures and options last week on signs of a steadily improving US economy.
Its losses were limited by buying interest in Asia as China approached a weeklong Lunar New Year holiday that starts on Saturday, February 9, but traders said this support was likely to be temporary.
“Physical demand is reasonably good because the Chinese New Year is round the corner and will continue to hold the market this week, but next week Asian markets will be on holidays and that source of support will disappear,” Bernard Sin, senior vice president at MKS Finance, said.
“Markets may react dramatically.”
Gold players were seen reassessing their positions after last week’s mixed US economic data failed to provide a clear direction for the market, analysts said.
US payrolls numbers surprised to the downside, triggering a US$10 jump in the metal, but these were offset by strong consumer confidence and ISM manufacturing numbers, and comments from a Federal Reserve official suggesting that monetary easing could be scaled back later this year.
“The weaker-than-expected Q4 US GDP data served to prove how negative data could quickly push gold prices higher, but equally the absence of both a solid floor set by physical demand and strong investor conviction shows how quickly gains are surrendered,” Barclays Capital said in a note.
“Gold is without structural support at the moment, but given speculative positioning remains relatively light, weaker-than-expected macro data could quickly spur prices higher amid global balance sheet expansion.”
PLATINUM, PALLADIUM CLIMB
Platinum group metals posted hefty gains after US automakers reported a 14.2 per cent sales increase in January from a year earlier, with a seasonally adjusted annualised rate of sales reaching 15.29 million vehicles.
The metals are widely used in auto catalysts to clean up exhaust emissions.
Momentum picked up when major producer Amplats revealed a significant full-year loss today. The company has cut its output target to 2.1-2.3 million ounces a year and has slashed capital expenditure by 11 billion rand (US$1.2 billion). It plans to cut capex by 25 per cent over the next decade to 100 billion rand.
Spot platinum rose as much as 1.5 per cent to US$1,705.25, its highest in four months, and was last seen at US$1,695.49, up 0.9 per cent.
Spot palladium gained as much as 0.7 per cent to US$759.75, its loftiest level since September, 2011, before settling at US$755.22 an ounce, up 0.1 per cent.
Platinum has outperformed the rest of the complex with a nearly 11 per cent gain so far this year, followed by a 9 per cent rise in palladium. Gold is down 0.3 per cent - the only precious metal in the red after a 12-year winning streak.
The Commitments of Traders data for the week ended Jan. 29 showed platinum net long positions rising by 171,150 ounces to 2.72 million ounces and palladium net long positions up by 357,500 ounces to 2.6 million ounces.
“Palladium net long positions continue to reach new highs, running the risk of a pullback,” HSBC said in a note.
Elsewhere, silver fell 0.8 per cent to US$31.56 an ounce. — Reuters
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