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14 theSun | FRIDAY AUGUST 7 2009

business

Bonuslink No discrimination in FDIs, says Mustapa


SINGAPORE: The federal government does not Mustapa was speaking to the Singapore ments in those states.
members to discriminate against opposition-ruled states
when channelling foreign investment into Ma-
business community at a seminar-cum-dia-
logue session titled “Business Opportunities in
Mustapa said they could invest in any part
of Malaysia but they still had to come to the
spend RM8b laysia, International Trade and Industry Minister
Datuk Mustapa Mohamed said yesterday.
Malaysia” held in conjunction with the Malay-
sian trade and investment mission to Singapore
ministry for incentives.
He stressed that whenever the ministry

this year He said they would always be invited to


join in any overseas trade mission organised
by the ministry, and if they went on their own,
at Raffles City Convention Centre.
He was asked about several opposition-
ruled state governments coming to Singapore
conducted trade missions abroad it would pro-
mote Malaysia as a whole, and he presumed
the opposition-ruled states were also doing the
PETALING JAYA: BonusLink their business trips would be facilitated and and carrying out trade promotions on their same, promoting the country while marketing
members are expected to spend coordinated by the ministry’s trade agencies. own and how would it effect foreign invest- their states. – Bernama
more than RM8 billion this year at
the loyalty marketing company’s
partner outlets.
BonusLink general manager
Victor Goon said the members
spent RM7.8 billion last year and
the value should increase by the
end of this year.
“It is not that we increase
the figures but when we sign
Malaysia to see robust
growth in 2010: Economist
up more members as well as
partners, sales will automatically
increase above our expectations,”
he said.
He was speaking to reporters
Asia is
after a signing ceremony between performing
BonusLink and Optimax Eye well.
Specialist Centre here yesterday. So you KUALA LUMPUR: Malaysia’s gross domes- have dragged down the country’s growth,” he tive now and Malaysia would lose out if it
The event, for Optimax to be get the tic product (GDP) growth, which is expected told a media briefing here yesterday. stood still.
officially inducted as a partner to remain at negative 2% this year, will see a Walter said the driving force of Malaysia’s He said Malaysia has gained a lot from
of BonusLink, was also attended support for robust recovery in 2010. GDP growth next year would be the support the past Asian financial crises and that he
by Optimax’s managing director, your own Deutsche Bank group chief economist Prof from Asian countries, especially China and was not too worried about the direction of
Datuk Tan Boon Hock. economy Dr Norbert Walter said the bank expected India. the country.
Asked whether the members’ by being Malaysia’s growth to resume and go back to “Asia is performing well. So you get the On the global economy, Walter said the
expenditure was affected by the 3% next year. support for your own economy by being growth was expected to decline by 3% this
economic slowdown, Goon said
so close to However, he said, Malaysia was unlikely so close to relatively strong economies like year because of a never-before-seen decline
the spending pattern has not relatively to achieve 5% growth as investments were India, Indonesia and China,” he said. in real and financial activities.
been affected. strong not strong. Walter, who is also the Deutsche Bank However, he anticipated the global econ-
“BonusLink members are economies He said Malaysia should focus on improv- Research managing director, expected Ma- omy to recover in 2011 with 1.5% growth
using their cards more diligently like India, ing investment environment because the laysia to move up the value-added ladder to supported by the strength of Asian emerging
because they realise that they sharp GDP contraction in the first quarter enjoy further recovery in line with developed markets. He expected a modest recovery in
are actually buying products Indonesia of this year was mainly due to weak invest- countries. the second half of this year.
while investing in points for and ment. He said although neighbouring countries Walter said Asia as a whole was in better
further redemption,” he said. China.” “Investments have been falling 10% to 11% did not have good governance and quality economic shape than other emerging econo-
– Bernama – Walter year-on-year in the past two quarters, which infrastructure, they were getting more attrac- mies. – Bernama

SAIFUL HIZAM MANSUR/THESUN


Double the strength ... Lian
Hoe launches BHPetrol’s
RON95 fuel, infiniti95(2x), as
Kim Thiam (right) looks on.

BHPetrol
launches RON95 fuel
by Eva Yeong using state-of-the-art German vehicles have fuel specifica-
newsdesk@thesundaily.com technology,” he said. tions of RON91 and above.
“The additive package She also said the new
PETALING JAYA: Boustead performs three main func- fuel is a cheaper alternative
Petroleum Marketing Sdn tions: as a detergent compo- to good quality petrol and
Bhd launched its new RON95 nent to clean the engine to its efficient burning means
fuel, infiniti95(2x), at its Sun- achieve optimum efficiency; less air pollution and energy
gai Kayu Ara service station an anti-corrosion component wastage.
yesterday. to protect the engine; and a According to her, the sale
The new fuel, priced at friction modifier to reduce of RON95 at two service sta-
RM1.75 a litre, will replace its friction between moving tions in Putrajaya increased
RON92 fuel and is currently parts of the engine. 65%, while at a service station
available at the BHPetrol Sun- “More importantly, we use in Kepong, Selangor, it was
gai Kayu Ara service station. a dosage of 800 parts per mil- found that 90% of motorists
The fuel will be available at lion of the additive – double had switched to RON95.
all its 320 service stations by the amount recommended by In Batu Tiga, Shah Alam,
Sept 1, in accordance with the the supplier – to give double 30% of motorists switched to
government’s policy. the impact.” using the new fuel in three
Boustead Petroleum Mar- He said the fuel cleans and weeks.
keting managing director protects engines while giving Earlier, Tan Kim Thiam
Tan Kim Thiam said most extra mileage and power. said “10 to 12” BHPetrol
types of petrol are the same Deputy Minister of Do- service stations are opened
but the difference lies in the mestic Trade, Cooperatives a year, costing between RM2
quality and quantity of the and Consumerism Datuk Tan million and RM10 million a
additive used. Lian Hoe, who officiated at station.
“For BHPetrol the launch, said RON95 fuel Six BHPetrol stations have
infiniti95(2x), we use the is suitable for most vehicles been opened this year, he
additive package formulated in Malaysia as the majority of said.

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