Business becomes more and more competitive nowadays. To reduce in cost and risk level, most of the companies choose to outsource several of their jobs.
Outsourcing is a way in which it helps to increase a company’s flexibility, especially staffing. Company is able to focus on its core competencies, without being burdened by the demands of bureaucratic restraints. Overall, It increases in cost and time efficiency and lowers the risk level.
There are three types of outsourcing:-
Business process outsourcing (BPO) is the contracting of a specific business task to a third-party service provider. Such as payroll, training, marketing, etc
Knowledge process outsourcing (KPO) can be defined as high added value processes chain where the achievement of objectives is highly dependent on the skills, domain knowledge and experience of the people carrying out the activity. Such as legal, advisor, planner, etc.
Information technology outsourcing (ITO) is a company’s outsourcing of computer or Internet related work to third party. Such as programming, web design and SEO.
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The Government is determined to work with the domestic iron and steel industry to make it more competitive.
This follows the Government’s decision to implement proposals derived from a study of the industry undertaken by the Boston Consulting Group. The proposals include measures to further enhance the competitiveness of the upstream and downstream industry, support access to key inputs for the industry, enhance the capabilities of the steel industry, improve standards & importation processes and enhance trade remedies.
A fundamental proposal was for the establishment of a Malaysian Steel Council (MSC) to oversee and guide the development of the industry. The MSC has been formed and is chaired by the Minister of International Trade and Industry. Members of the MSC comprise representatives from all sectors of the industry as well as the Government.
MITI’s Minister Dato’ Sri Mustapa Mohamed has described the restructuring of the steel industry as a matter of “national importance,” and that both the industry and the Government are assuming “shared responsibility” for its future. The industry and the Government will jointly undertake initiatives to further enhance the industry.
Dato’ Sri Mustapa affirmed that the Government will take appropriate measures to promote the development of the domestic steel industry. This, however, will be done while respecting Malaysia’s international obligations to promote free and fair trade.
He said the Government’s approach will be to focus on the enforcement of mandatory standards to prevent below-par products from entering the market, adding that appropriate measures will be taken to counter unfair trade practices.
As part of the restructuring of the industry, the Government has decided that from 1 February 2013, 18 grades of steel imports (as in the appendix) will cease receiving duty exemptions.
In addition, 30 days from the date of this announcement (Tuesday, 22 January 2013), the Government will also cease the issuance of the Temporary Certificate of Approval (TCOA) and companies currently utilising TCOA may be considered for fast track clearance for a period of six (6) months. This 6-month grace period is to enable the companies to make the necessary adjustments in adhering to the streamlined processes for the importation of iron and steel products.
However, for companies that is currently not using the TCOA facility, the present process of applying for COA remains in place. To facilitate clearance at the ports, importers also have the choice of having their products tested by accredited laboratories both domestic and foreign. The list of accredited laboratories is available on STANDARDS MALAYSIA’s website: www.standardsmalaysia.gov.my. Importers can also refer to SIRIM and CIDB for details.
All these measures were formulated after all the stakeholders were consulted and agreed upon by them, he said.
Dato’ Sri Mustapa stressed that to become more competitive, the industry itself must achieve greater synergies between its upstream and downstream sectors.
Dato’ Sri Mustapa also said that he looked forward to the establishment of the Malaysia Steel Institute (MSI) in the first quarter of 2013. The MSI will be an independent entity. “The MSI will have an important role to play, especially in human resource development, research and development, formulation of standards and laboratory testing for the industry,” he said.
At the international level, Dato’ Sri Mustapa said the Government’s role will be to secure better market access for Malaysia’s steel products through free trade agreements.
Overall, the industry is supportive of the efforts by the Government to restructure the industry. The implementation of the measures will further enhance the industry’s competitiveness and help build its capacity to face challenges, he said.
Ministry of International Trade and Industry
KUALA LUMPUR, MALAYSIA
22 January 2013
Effective from 1 February 2013, the following 18 grades of steel imports will cease receiving duty exemptions:
- JIS G 3132 SPHT 1
- JIS G 3132 SPHT 2
- JIS G 3132 SPHT 3
- JIS G 3132 SPHT 4
- JIS G 3101 SS 400
- JIS G 3101 SS 490
- JIS G 3101 SS 540
- JIS G 3106 SM 490
- BS EN 10025 S355JR
- BS EN 10025 S355J0
- BS EN 10025 S355J2
- BS EN 10111 DD 11
- AS/NZS 1594 HA 350
- AS/NZS 1594 HA 250
- JIS G 3131 SPHC Cheq
- JIS G 3101 SS400 Cheq
- ASTM A 36 Cheq
- BS EN 10025 S 275 JR Cheq
Source: Malasyia Ministry of International Trade and Industry
Hong Kong trading is the 11th largest trading in the world, with the total value of imports and exports exceeding its gross domestic product (GDP). The main imports are included foodstuffs, transport equipment, raw materials, semi manufactures and petroleum from the following countries, China, European Union, Taiwan, Japan and Singapore. Whereas, the main exports are included clothing, textiles, footwear, electronic appliances, watches, clocks, toys, plastics, and precious stones to China, European Union, USA and Japan.
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Good Financial Facilities
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The value of Malaysia property has been appreciating over the decade, especially in those popular states in Peninsular Malaysia, such as Kuala Lumpur, Selangor, Penang and Johor. Furthermore, upon The 10 Malaysia Five years Plan which have been introduced and implemented by the Malaysia’s Prime Minister, Datuk Seri Najib Tun Razak, will improve the areas included traffic, academic field, economy, income level, man power and so on so forth. However, eventually, all these factors would lead to enhancement in the value of Malaysia property.
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Supportive Government Policy
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Beneficial Economic Plans
The 10 Malaysia Five Years Plan will improve many of the areas and eventually boost up the value of the properties.
Continuous Property Growth
From 1980 to 2011, the property in Malaysia has appreciated constantly at an average rate of 20%. The years 1987 and 1997 saw a decrement due to the world economic crisis.
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