Labuan: Despite higher grocery prices, surprisingly the prices of delicacies sold at the Ramadan stalls had remained as before.
Cookies such as "kueh lapis" and "pulut panggang", among others, are quoted at RM1 for a pack of three pieces, same price as the previous years.
A survey, however, showed that though the prices had remained unchanged, the size of the cookies had been "shrunken". But most consumers don't seem to mind this.
"We know it is smaller sized now, smaller by at least 10 per cent or more but it is okay as long as we could still purchase at old prices," said one of them.
The other reason why prices had remained the same could be because the Labuan Corporation (LC) had ensured that there are enough stalls and as such create a choice of food items and also healthy competition among the operators.
The Licencing officer of LC Manisah Mahmood said: "We have issued 165 permits for the Ramadan Bazaar of which 126 are at Jalan Dewan, Jalan Manwar (26) and Batu Arang (13).
Approvals had also been granted for stalls at Pantai, the new hospital area and Masjid but stalls had yet to operate yet.
She added that compared to last year, 50 more permits were issued this year. She added that operators needed to pay RM3 per day to operate a stall, and this made it affordable to many.
Despite the increase in the number of stalls, business had been brisk this year. Manisah said that was largely due to the presence of oil and gas workers, most of whom were on contract and single on the island.
The rush for Ramadan cookies and food every evening had resulted in a new irritation for motorists, especially along Jalan Tun Mustapha highway near the road junctions where traffic flow was at a crawl after 5pm.
Meanwhile, Manisah said the LC would be accepting renewal of trading and operating licences from Oct 1.
(Daily Express)
Monday 8 September 2008
Bank Muamalat To Open Islamic Investment Company In Malaysia
Jakarta (ANTARA News) - Bank Muamalat is to establish the First Islamic Investment Bank Ltd with an initial capital of US$10 million in Malaysia, its president director Andi Buchori said here on Monday.
"We have received the license from Labuan Offshore Financial Services Authority (LOFSA) in Malaysia and got the letter of content from Bank Indonesia, the central bank, to establish the investment company in the country," Andi Buchori said.
He said the company would start in October this year and Bank Muamalat would add US$100 million to its capital, while an investment for its infrastructure development was predicted to be around US$1 million.
According to Buchori, Fist Islamic Investment Bank Ltd would have its main office in Kuala Lumpur and its secretariat office in Labuan, Malaysia.
Buchori said the purpose of establishing the company in Malaysia was to net international investors, especially those from the Middle East countries and Northern African countries.
"Labuan has been known by international investors including those from the Middle East who use foreign SVP," Buchori said, adding that the establishment of investment bank was to withdraw funds from investors who invested in medium and long term equity financing (5-10 years).
"We have received the license from Labuan Offshore Financial Services Authority (LOFSA) in Malaysia and got the letter of content from Bank Indonesia, the central bank, to establish the investment company in the country," Andi Buchori said.
He said the company would start in October this year and Bank Muamalat would add US$100 million to its capital, while an investment for its infrastructure development was predicted to be around US$1 million.
According to Buchori, Fist Islamic Investment Bank Ltd would have its main office in Kuala Lumpur and its secretariat office in Labuan, Malaysia.
Buchori said the purpose of establishing the company in Malaysia was to net international investors, especially those from the Middle East countries and Northern African countries.
"Labuan has been known by international investors including those from the Middle East who use foreign SVP," Buchori said, adding that the establishment of investment bank was to withdraw funds from investors who invested in medium and long term equity financing (5-10 years).
LABUAN CEMENT SHORTAGE
Labuan: The Domestic Trade and Consumer Affairs Ministry has given its assurance that the shortage of cement supply on the island will be resolved soon.
Its Deputy Director, Aslani Dabi, said Saturday that contractors should not be unduly worried about the shortage as the Ministry was addressing the problems since the last few weeks by getting additional supply from Cement Manufacturer of Sarawak (CMS).
He also said the Cement Industries Sabah (CIS), the main supplier for Sabah and Labuan, had been asked to look into the matter seriously.
Labuan needs at least 4,600 tonnes of cement per month but only received 3,200 tonnes in two trips from CIS every month. CMS is currently supplying 5,000 tonnes every month.
Various parties, especially the medium contractors, have been urging the Ministry to look into the frequent shortage of cement which caused the price to fluctuate and delay in road repairs and other projects.
Aslani said the shortage of supply occurred since March due to the inability of CIS to meet the increasing demand.
"However CIS has agreed that CMS supply the material to Labuan since April. Labuan also is the last destination to receive the supply from CIS as the company has to supply all districts in Sabah," he said.
Following the shortage, the price of cement has shot up by another RM1, to RM19.50 per bag. - Bernama
(DAILY EXPRESS)
Its Deputy Director, Aslani Dabi, said Saturday that contractors should not be unduly worried about the shortage as the Ministry was addressing the problems since the last few weeks by getting additional supply from Cement Manufacturer of Sarawak (CMS).
He also said the Cement Industries Sabah (CIS), the main supplier for Sabah and Labuan, had been asked to look into the matter seriously.
Labuan needs at least 4,600 tonnes of cement per month but only received 3,200 tonnes in two trips from CIS every month. CMS is currently supplying 5,000 tonnes every month.
Various parties, especially the medium contractors, have been urging the Ministry to look into the frequent shortage of cement which caused the price to fluctuate and delay in road repairs and other projects.
Aslani said the shortage of supply occurred since March due to the inability of CIS to meet the increasing demand.
"However CIS has agreed that CMS supply the material to Labuan since April. Labuan also is the last destination to receive the supply from CIS as the company has to supply all districts in Sabah," he said.
Following the shortage, the price of cement has shot up by another RM1, to RM19.50 per bag. - Bernama
(DAILY EXPRESS)
AirAsia KK-LABUAN
AirAsia's Kota Kinabalu-Labuan flight will boost economic activities
Jailani Hasan, BERNAMA.
The soon-to-be-launched new domestic route of Kota Kinabalu-Labuan by AirAsia Bhd will help to boost economic activities on the island.
Consumer Association of Sabah and Labuan (CASH) president Datuk Patrick Sindu said the consumers, especially those with businesses, had been facing difficulties travelling between Kota Kinabalu and Labuan due to limited flights by national carrier Malaysia Airlines (MAS).
“The move by the airline company should have been implemented long ago. Travellers have to use the ferry to travel between Labuan and Kota Kinabalu which takes about three hours,” he told Bernama today.
AirAsia’s chief executive officer Datuk Seri Tony Fernandes last Thursday announced that AirAsia would launch a new domestic route, Kota Kinabalu-Labuan, beginning this Sept 26.
The low-cost airline said the daily flight would increase air connectivity in Sabah and provide an added entry point to get into Kota Kinabalu, the main gateway to Sabah.
He said the air linkage provided by AirAsia has someway assisted to open various economic and business opportunities since it launched the flight in Sabah six years ago.
The fares for new routes start from as low as RM9.00, excluding airport taxes, fuel surcharges and fees, and are applicable for one-way travel only.
Jailani Hasan, BERNAMA.
The soon-to-be-launched new domestic route of Kota Kinabalu-Labuan by AirAsia Bhd will help to boost economic activities on the island.
Consumer Association of Sabah and Labuan (CASH) president Datuk Patrick Sindu said the consumers, especially those with businesses, had been facing difficulties travelling between Kota Kinabalu and Labuan due to limited flights by national carrier Malaysia Airlines (MAS).
“The move by the airline company should have been implemented long ago. Travellers have to use the ferry to travel between Labuan and Kota Kinabalu which takes about three hours,” he told Bernama today.
AirAsia’s chief executive officer Datuk Seri Tony Fernandes last Thursday announced that AirAsia would launch a new domestic route, Kota Kinabalu-Labuan, beginning this Sept 26.
The low-cost airline said the daily flight would increase air connectivity in Sabah and provide an added entry point to get into Kota Kinabalu, the main gateway to Sabah.
He said the air linkage provided by AirAsia has someway assisted to open various economic and business opportunities since it launched the flight in Sabah six years ago.
The fares for new routes start from as low as RM9.00, excluding airport taxes, fuel surcharges and fees, and are applicable for one-way travel only.
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