Sydney on the move making REAL change
More Malaysia in Melbourne than ever before
Western Australia completely working toward a partnership
Victoria and Tasmania council working hard
Australia's National Capital making a difference

Welcome to the AMBC website

The Australia Malaysia Business Council was formed in direct response to the growing need to facilitate the developing commercial activities between Australia and Malaysia.

Larry Gould

Welcome to the Australia Malaysia Business Council (AMBC) website.

I hope you find the site easy to navigate through, as it has been designed to provide you, our members,supporters and interested stakeholders with an insight into our activities and the benefits of being a member of AMBC.

Let me say, I am particularly proud of the talented people that make up our membership as we strive together to strengthen the business and cultural ties between Australia & Malaysia.

Our focus is to act as a conduit in business to business relationships, as we assist Australian & Malaysian businesses in constructive partnerships and business expansion. It is also a key aim for us, along with our partner Council in Malaysia, the Malaysia Australia Business Council (MABC) to be the strong voice of business advocacy with both Governments, as we highlight to them the important issues facing trade,business growth & sustainability.

If we do this successfully, we will achieve our vision of being the "Benchmark Business Council" in Australia.

Once again, welcome to AMBC.

Larry Gould
National President

Malaysian News


KLCI falls 14pts before recouping most of losses
The FBM KLCI fell more than 14 pts in afternoon trade on Friday, possibly triggered by a selldown of Kuala Lumpur Kepong shares which plunged 27.6%.

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KLCI extends losses, plantations weigh
Blue chips extended their losses in early trade on Wednesday, in line with the weak regional markets after the failure of Greek politicians to form a government.

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Spain plans rules on dodgy bank assets
BARCELONA: Spain’s government said on Thursday it would issue regulations within days or weeks allowing battered banks to transfer their bad property-related assets to separate agencies.

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Markets fall further as Greece, Spain sap confidence
Key regional markets continued to lose ground on Friday on continued growing anxiety over Greece's potential exit from the euro zone, with South Korea's Kospi falling 3.4%.

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Analysis: As funds flee, India's pain is Southeast Asia's gain
HONG KONG (Reuters) - Southeast Asian nations are swallowing an outflow of money from India, as foreign investors lose patience with its policy paralysis and slowing growth and aim instead for more promising emerging markets such as Indonesia.

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Former Star site to undergo RM900mil development into Pacific Star
PETALING JAYA: Island Circle Development (M) Sdn Bhd will be joining the ranks of other developers to change the skyline and landscape of Sect 13, Petaling Jaya with an upcoming project comprising an office tower, a block of office suites, a retail podium and three blocks of serviced apartments ranging from 25 to 33 floors.

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Astral Supreme sees 8.5m loan stocks traded off-market
Astral Supreme Bhd's 8.5 million loan stocks (ASupreme-LA) transacted at 10 sen apiece on Tuesday.

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KLCI stages mild technical rebound
Blue chips staged a technical rebound in early trade on Thursday after several days of heavy losses but the gains were limited as investors remain cautious about the eurozone debt crisis.

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Portugal jobless rate hits high
LISBON: Portugal’s unemployment rate jumped to a record high in the early part of this year even as the recession eased, showing the uphill struggle the country faces to nurse its way back to economic health while running a harsh austerity programme.       

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Singapore Air turns to regional cities to drive growth
SINGAPORE (Reuters): Singapore Airlines Ltd (SIA), the world's No.2 carrier by market value, will focus on flights to smaller Asian cities as a weak global economy batters demand on long-haul routes and competition from premium airlines intensifies.

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SME Factors' RM200m credit scheme
SME Factors Sdn Bhd is providing a credit facility of RM200mil under its “SME Success” scheme to contribute to the development of small and medium enterprises (SMEs) in Malaysia.

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AMMB gets SC nod for RM2b debt notes programme
AMMB Holdings Bhd has obtained the Securities Commission's approval for its proposed issuance of up to RM2bil nominal value of senior medium term notes (MTN) and/or subordinated MTNs.

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Luster shares rally on requotation
Shares of Luster Industries Bhd rallied on Wednesday after the shares were requoted for the implementation of the company's renounceable rights issue.

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RAM Ratings: CIMB's ratings unaffected by purchase of 60% stake in BoC
RAM Rating Services said CIMB Bank Bhd's proposed acquisition of a 60%-stake in Philippines-based Bank of Commerce from San Miguel Corporation has no immediate rating impact on the bank's AAA/Stable/P1 ratings.

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None of six pre-qualified companies has put in tender for MRT job
PETALING JAYA: MRT Corp, a Government agency that supervises the development of the Sungai Buloh-Kajang My Rapid Transit (MRT) project, has confirmed that none of the six pre-qualified companies shortlisted for the supply of rolling stocks for the country’s biggest infrastructure project has submitted their bids.

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PKNS joins with DKLS for RM1.5bil project in Sec 17 PJ
PETALING JAYA: Not unlike a few other government agencies that own large swathes of valuable land, the Selangor State Development Corp, or PKNS, is pushing ahead with redevelopment plans in some of its prime areas.

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Jeffrey Seah appointed VivaKi SEA country chair
PETALING JAYA: Communications group VivaKi has appointed Jeffrey Seah as country chair for VivaKi South-East Asia to work with regional and local media groups like Digitas, Razorfish, Starcom MediaVest Group and ZenithOptimedia in strengthening the service offering and clout of all agencies in the region.

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Ageing oil palm plantations likely to lift CPO price
PETALING JAYA: Anticipation over declining crude palm oil (CPO) production due to ageing plantations in major producing countries including Malaysia, would likely bolster the commodity to hit RM4,000 per tonne by second half of this year, according to industry players.

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Asian businesses move with caution Need for a watchful eye on Europe, US and China
THERE is no question that the economic storm clouds that have cast a pall over Europe are producing fallout across Asia.

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Perodua to invest RM1.2bil
RAWANG: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will be investing between RM1.2bil and RM1.5bil over the next three years as it gears up for the imminent liberalisation of the local automotive industry. Perodua managing director Datuk Aminar Rashid Salleh said the investment would be to upgrade its production line and equipment, improvement to its sales and service outlets nationwide as well as for research and development for new models.

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