Global marketplace MIACES 2022 targets to create USD 68 billionexport value and accelerate innovation for agricommodity players KUALA LUMPUR, Malaysia, July 12, 2022 /PRNewswire/ Now calling for agricommodity exhibitors across the region, the Malaysia International Agricommodity Expo & Summit 2022 (MIACES), hosted by the Ministry of Plantation Industries and Commodities (MPIC), expects to create over USD 68 billion export value for the sector in a global marketplace event with the participation of over 20 countries. Minister of Plantation Industries and Commodities of Malaysia, YB Datuk Hajah Zuraida Kamaruddin, highlights, "In line with the recent urge by the Food and Agriculture Organization of the United Nations (FAO) to rapidly accelerate digitalization in rural communities in the Asia-Pacific, we recognise that MIACES is a timely step-forward that connects industry players with innovative solutions; contributing towards achieving the Sustainable Development Goals (SDGs)
Legislature, judiciary now bound by procurement law ― Ahmed Legislature, judiciary now bound by procurement law ― Ahmed
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For the first time since it was enacted in 2007, the Public Procurement Act has been made mandatory for both the legislative and judicial arms of the Federal Government.
This fact was made known, on Monday, by Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, while giving a breakdown of aspects of the 2020 Finance Act, which became effective on January 1, 2021.
“Other key reforms in the Finance Act, 2020 include restrictions on the Cost-to-Revenue Ratios of Government and State-Owned Enterprises to increase operating surplus remittances; reforms extending the Public Procurement Act, for the first time, to cover the Judiciary and the National Assembly, as well as shortening procurement periods, increasing procurement mobilization fee thresholds from 15 per cent to up to 30 per cent, and providing for e-procurement.