Isa resigns as FGV chairman
Felda Global Ventures Holdings Bhd’s (FGV) Chairman, Tan Sri Mohd Isa Abdul Samad has resigned, effective today. In a filing to Bursa Malaysia today, the plantation company said he has “ceased as his appointment as government-appointed director to focus on his personal undertakings.” Isa was appointed Chairman and Non-Independent Executive Director of FGV on Jan 1, 2011.
In a separate filing to Bursa Malaysia, FGV announced the appointment of Tan Sri Dr Sulaiman Mahbob (pic), 68, as acting chairman of the group effective immediately. He also joins the group’s board of directors as an independent and non-executive director. On June 6, current FGV group president and CEO Datuk Zakaria Arshad and three other FGV senior management officials were instructed to take an indefinite absence of leave pending an investigation. The probe was into business transactions between FGV subsidiary Delima Oil Products Sdn Bhd and its business partner Afghan-based Safitex LLC.
Preparing for jobs of the future
One of the key concerns highlighted in the National Transformation 2050 (TN50) dialogue is how to ensure the younger generation is equipped for jobs of the future. According to Youth and Sports Minister Khairy Jamaluddin, almost 65% of existing jobs are likely to become redundant or disappear within 30 years or so. These include many construction, manufacturing and administration jobs where robots are replacing manual labour.
“Having the right skills for the younger generation is a big concern.
NCER to generate over 37,000 jobs
The Northern Corridor Economic Region’s (NCER) Development Blueprint 2016-2025 expects to create more than 37,000 jobs when two growth nodes in Kedah are completed. Its chief executive officer Datuk Redza Rafiq said over the 10-year period, a total of 80 high-impact projects would be implemented in Kedah, Perlis, Penang and Perak. By 2025, with cumulative investments of RM146.5 billion, the projects are expected to change the economic landscape of the region especially involving technology, education and innovation.