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6 Bumi companies listed under SJJB: Awang Adek

Posted: 26 Jul 2011 09:36 PM PDT

6 Bumi companies listed under SJJB: Awang Adek

KUALA LUMPUR: Six Bumiputera companies, with a combined market capitalisation of close to RM1 billion, have been listed on Bursa Malaysia under the government's Skim Jejak Jaya Bumiputera (SJJB), says Deputy Finance Minister Datuk Dr Awang Adek Hussin.

The sixth company is Prestariang Bhd which made its debut on the Ace Market today.

"We have 20 companies in the pipeline (to be listed) over the next two years. We can get about 10 companies by this year and in 2010," he told reporters after the listing ceremony of Prestariang today.

Also present were Prestariang chairman Datuk Ramli Abbas and its chief executive officer Dr Abu Hassan Ismail.

Awang Adek said the remaining companies to be listed under the scheme were involved in various sectors including information technology (IT), biotech, manufacturing as well as oil and gas.

Information communication technology service provider Prestariang, debuted on the Ace Market at a half sen discount of 89.5 sen against its offer price of 90 sen with 3.75 million shares traded.

Abu Hassan expects the company to double its order book of RM145.29 million by year-end, with projects to be implemented up to 2014.

On Prestariang's plans, he said the company hopes to enter the Middle East to widen its clientele base from the region, via partnership agreements.

Kumpulan Modal Perdana Sdn Bhd, a subsidiary of the Ministry of Finance Incorporated, owns about 10 per cent in Prestariang.

Established in 2003, Prestariang provides professional and basic ICT training as well as software licence distribution and management services.

It offers 40 certification courses from various technology and software vendors like Microsoft, IBM, Oracle, CompTIA, Autodesk and Adobe. -- BERNAMA

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6 Bumi companies listed under SJJB: Awang Adek

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Last-minute rush expected

Posted: 26 Jul 2011 10:39 AM PDT

2011/07/26
By Sean Augustin
sean@nst.com.my

Foreign workers waiting to be registered under the biometric system at the Immigration Department headquarters in Putrajaya yesterday. — Bernama picture

PUTRAJAYA: Although the deadline to register the estimated 1.8 million legal foreign workers in the country is just five days away, the Immigration Department has documented only 390,404 workers.

These registrations were done by 26,894 employers, said Home Minister Datuk Seri Hishammuddin Hussein.

In giving an update on the exercise, Hishammuddin said he foresees a last-minute rush by employers to meet the July 31 deadline.

Hishammuddin remained non-committal when asked about the possibility of extending the deadline, saying that for the time being, it still stood at July 31.

"If we say we are going to extend, they may procrastinate further. If there is going to be a bottleneck and long queues, you (employers) cannot blame us because we have been open for a long time."

He added that the immigration counters to register foreign workers had been open since July 13.

Hishammudin was speaking after inspecting the registration process at the Immigration Department here yesterday.

Present were Deputy Home Minister Datuk Wira Abu Seman Yusop, ministry deputy secretary-general Datuk Alwi Ibrahim and Immigration Department director-general Datuk Alias Ahmad.

Hishammuddin said he was satisfied by the department's performance as they were able to register foreign workers within two minutes each on average.

The registration of legal foreign workers via a biometric system, will see data recorded such as the workers' workplace, their employers and salary earned, in an effort to reduce social issues and crimes.

It is also hoped that the biometric registration will tackle the problem of legal foreign workers fleeing their employers to gain amnesty.

Out of the over 1.8 million legal foreign labourers, about 250,000 work as maids.

The Immigration Department had previously stated that it was not compulsory for maids to have their biometric information taken during this period as this could be done when they had their annual permits renewed.

Most of the labourers being registered are from the plantation, services, manufacturing and construction sectors.

The registration of legal workers will be followed by the registration of illegal immigrants from Aug 1 under an amnesty exercise, dubbed '6P', which comprises registration, legalisation, amnesty, supervision, enforcement and deportation.

Those who refuse to cooperate to register their legal workers would find it difficult to renew their workers' work permits, Hishammuddin explained.

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Selasa, 26 Julai 2011