Monthly Archives for December 2007

RM50 Banknotes

Rm50

Due to commemorate Malaysia’s 50th anniversary of the independence, Bank Negara Malaysia today announces the issuance of a new design for the RM50 banknote to commemorate Malaysia’s 50th Anniversary of Independence. This new design of RM50 banknote is the first denomination of the Fourth Series of Malaysian currency notes which will be replacing the existing series in stages.

The new design RM50 banknote retains the predominant colour of green-blue. The main theme of the design is the National Mission where the first thrust is “to move the economy up the value chain” which reflects Malaysia’s economic transformation to the higher value-added activities in the agriculture, manufacturing and services sectors of the economy.

The dominant intaglio portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong, Tuanku Abdul Rahman ibni Tuanku Muhammad, is retained on the right and the national flower hibiscus is in the centre on the front of the new RM50 banknote. Design patterns from songket weaving, which are in the background and edges of the banknote, are featured to reflect the traditional Malaysian textile handicraft and embroidery.

The first 50 million pieces of the new RM50 banknote features Malaysia’s first Prime Minister, Tunku Abdul Rahman Putra Al-Haj at the historic declaration of Malaya’s independence and the logo of the 50th Anniversary of Independence on the reverse side.

The security features incorporated in the Fourth Series of RM50 banknotes are as follows :

  • The Watermark Portrait can be recognised by tints that are lighter or darker than the surrounding paper. This watermark portrait which has a three-dimensional effect appears without sharp outlines. At the base of the watermark, the numeral 50 is clearly visible.
  • The Security Thread is embedded in the paper and appears on the reverse side of the note as a silver coloured dotted line. When the note is held against the light, it is seen as a continuous dark coloured line and the repeated text BNM RM50 can be read. When viewed under ultra-violet light, the thread is seen in various changing colours known as the “rainbow effect”.
  • Micro-Letterings of “BNM RM50″ which can be viewed under a magnifying glass.
  • Invisible Fluorescent Elements can be seen through various elements of the background on the obverse and reverse side of the banknote and will fluoresce in different colours when viewed under ultra-violet light.
  • Perfect See-Through Register feature where the graphic songket design on the obverse side of the note will register perfectly with the same graphic songket design on the reverse side when it is held against the light.
  • Multicolour Latent Image of the denomination 50 can be seen when the banknote is tilted slightly and the colour changes when it is rotated.
  • Holographic Stripe features the denomination 50 and the hibiscus flower, with a multi-coloured pumping and matt-structure effect.
  • Hidden image with moiré effect where certain areas of the design appearance will change when the banknote is copied.

Members of the public are advised to take note of the security features and design of the new RM50 notes outlined above. The existing series of the RM50 banknotes will continue to be legal tender. The new RM50 banknote with a special packaging will be available for sale to members of the public. It will be priced at RM60 per set. Twenty thousand (20,000) sets will be available for sale from Wednesday, 26 December 2007 at Bank Negara Malaysia’s Head Office, and at Bank Negara Malaysia’s branches in Pulau Pinang, Johor Bahru, Kuala Terengganu, Kota Kinabalu and Kuching. The availability of these banknotes will be on a first come first served basis and will be limited to one set per person. The new RM50 banknotes without special packaging will be available through commercial banks on 30 January 2008 onwards.

Do not destroy what we have created

As the year draws to a close, I thank God for the blessings showered upon the nation, upon its people and leaders who have been entrusted to lead Malaysia towards peace, harmony, justice, success, pro-gress and prosperity during the year.Malaysia is a blessed country with a rich cultural heritage and vast development. Its continued success, progress, prosperity and strength lie in the unity and solidarity of its multi-racial society.To live in peace now and for ever, let us fill our minds with everything that is noble, good and pure: everything that we love and honour; and everything that is virtuous and worthy of praise.

In truth, Malaysia has shown the world that peace is the basic foundation for human development and harmony. Malaysia has proved that the paths of peace and harmony can be worked out through fruitful and meaningful negotiations rather than creating conflicts that alienate people. Malaysia is a proven model of a multi-racial democratic society which applies the due process of law to formulate laws and policies for the benefit and well-being of its multi-racial citizens.Law-abiding citizens should not destroy this process by taking the law into their hands.On Aug 31, the nation celebrated the golden 50th anniversary of our independence.

On this day, Malaysians proudly declared to the world that Malaysia has matured gracefully and is still going strong in inter-religious understanding and tolerance.Malaysians are fortunate to have been guided by 13 constitutional kings and five dynamic prime ministers during our 50 years since independence. As we welcome the New Year with hope and faith, let all Malaysians pray for continued peace, unity, solidarity and prosperity in our nation.

Key Recommendations For Shipyards

Meeting the client’s business requirement by proving market oriented,innovative design and services.

  • Anticipate the owner’s requirement and trade development and develop innovative design with cost advantages in both building and operation. Closely monitor the performance of the vessel delivered,with constant investigation for improvement. The focus should be on ‘anticipation’ and ‘innovation’. Provide the enviroment and incentive  to encourage the development of innovation of design,production technology and software development.
  • Provide an amicable working enviroment and establish organisational structures which encourage the liberation of minds and the free flow of innovative ideas in both design and construction. Promote the creation of a crop of talented and innovative designers in the fields of naval architecture and marine technology,with strong theoretical backgrounds and yet with practical experiences. Reorganise the structure of the state-owned shipyards,whilst introducing advanced management systems for industrial planning and development.
  • Set up transparent,merit assessment system with incentives and rewards for outstanding achivement.
  • Reorganise the system of the enterprise with clear identification of personal and company interest.  

Faster and Further With Ecospeed

Ecospeed is an extremely durable hull coatin g that will save on fuel costs and give increased speeds. It is expected to last for up to 25 years and is guaranteed for 10.

Amongst recent application are a 275 metre,5000 TEU container ship,several ice-class cargo vessels and a major cruise liner-with more of each category planned for the near future.

The Belgian Navy have been using Ecospeed on a number of their vessels since 2004 and have committed to aplying in on the remainder of their fleet as the time comes for repainting. The growing appeal of Ecospeed comes down to a number of key factors. The final hull surface has a very low roughness levels. This,together with its corrugated surface,gives fuel savings through reduced consumption and increased speed.

The strength and impermeability of the coating provides a very high degree of protection against mechanical impact and corrosion. The endless cycle of repainting every two to five years can therefore be dispensed with. Even after being tested under extreme Baltic winter and ice conditions it has proven to be an effective protection against mechanical impact.

In addition,the coating has no adverse effect on the enviroment as it is entirely toxis-free. Ecospeed can be used on most ships,offshore vessel and structures. It has proven to be ideally suited for fast moving container and cargo ships,cruise ships and ice-going ships. Its use can remove major headaches for ship superintendents. With no repainting necessary, yet protecting the hull surface against corrosion,there will be many additional advantages such as significant savings on repair and mantainance costs.