IT sector to see growth in hiring demand next year – Kimberlyn, Country Head of specialist professional recruitment firm, Robert Walters Sdn Bhd

Posted on : 22-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The information technology (IT) sector is expected to see growth in hiring demand next year following the increase in the adoption of digital transformation programmes by businesses, said Kimberlyn Lu, Country Head of specialist professional recruitment firm, Robert Walters Sdn Bhd.

She said the sector would also continue to be a candidate-driven market with salary increments of between 20 and 30 per cent.

“In the IT sector, more companies are expected to offshore IT functions to Malaysia as a strategy to save cost and gain accessibility to other countries in Southeast Asia.

“This will lead to higher demand for user interface designers, web developers, digital project managers and candidates with skill in open source and cyber security,” she told a media briefing on Robert Walters Salary Survey 2018 here today.

However, based on the survey, she said companies may have challenges finding IT talents due to the high demand for software developers.

“As a result, quality candidates with niche IT skills are likely to receive several job offers,” she added.

Meanwhile, on the overall hiring activity in Malaysia, Lu said it was projected to remain active in 2018, driven by a thriving business environment attributed to, among others, the continuous growth of e-commerce, digitalisation, financial technology, shared services and better optimisation of organisational structure.

“In an environment of strong counter offers, companies need to ensure good talent attraction and retention strategy is in place, for example, offering competitive salary packages, efficient recruitment processes and timely hires and better workforce engagement.

“As candidates may have more than one job offerings, it would be advantageous for companies to build their employer brand value as one of the attraction strategies,” she said.

SOURCE-BERNAMA

MIDA to help SMEs gain access to global market

Posted on : 22-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR– The Malaysian Investment Development Authority (MIDA) aims to create opportunities for small and medium enterprises (SMEs) to access the global market and encourage multinational corporations (MNCs) to utilise local products and services.

Deputy Chief Executive Officer, Datuk N. Rajendran, said the strong presence of MNCs and large local corporations in Sarawak which had made significant investments in the state hold promise for business collaboration and opportunities within the region.

“Sarawak is certainly one of the many appealing investment destinations within Malaysia and to date, a total of 745 manufacturing projects with investments worth RM71.2 billion have been implemented in the state,” he said in a statement here.

He said this during the Supply Chain Conference for Sabah and Sarawak held in Kuching today.

MIDA has earlier organised four supply chain conferences in various regions in Malaysia, focusing on the respective region’s economic strengths.

“With this initiative, which definitely will continue in the future, we hope that more local players would be able to build up their capacities by integrating themselves into the MNC’s supply chain,” he said.

He added that the SMEs also needed to raise their efficiency levels, strengthen inter-firm linkages and respond timely to market changes in order to remain relevant and competitive.

SOURCE– BERNAMA

Shopee records 80mln downloads ovet two years

Posted on : 22-11-2017 | By : sabah today | In : National Business

PETALING JAYA: Shopee, a mobile marketplace in Southeast Asia, has recorded a significant growth in all seven markets with about 80 million downloads and over 180 million active products from over four million entrepreneurs over two years.

The online shopping platform was first launched in Singapore in 2015 and is currently growing in Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines.

In a statement, Shopee said for the Malaysian market, it has registered over five million downloads with over 200,000 entrepreneurs and brand participation.

“In addition, Shopee University, a series of skills workshops for local entrepreneurs and businesses to learn how to succeed via e-commerce, has so far guided more than 4,000 participants from 10 states,” it said.

Shopee Malaysia Regional Managing Director Ian Ho said Shopee is committed to consumer needs and preferences.

“We will continuously strive to improve the quality of life of consumers and businesses in the region through technology, while providing a fast and easy shopping experience, as well as a reliable platform for new entrepreneurs,” he said.

As part of Shopee’s second birthday celebration, the platform will hold cheap sales for six million products from Dec 1 to 14, with prices as low as RM12.

Among the promotions to be launched are Shopee Shocking Sale, Super Sale and 12.12 Mega Offer.

Ho said the Shopee’s birthday sales followed the success of 11.11 Shopee Super Sale which recorded 2.5 million orders with sales of about seven million products.

Prizes, which include a two-day vacation to Honolulu, Hawaii worth RM15,000 and an iPhone X, are up for grab. Consumers spending at least RM100 throughout December are eligible to enter the contest.

Visit www.shopee.com.my/birthday for more information or download Shopee app for free through the App Store or Google Play.

SOURCE:– BERNAMA

WIEF (World Islamic Economic Forum) garners US$15.5 billion for the last 13 years

Posted on : 22-11-2017 | By : sabah today | In : National Business

KUCHING: The World Islamic Economic Forum (WIEF) Foundation has launched its inaugural alumni network, connecting thousands of its members across the world, in an effort to create a global community of leaders and thinkers who continue to shape businesses, countries and communities into the future.

The network comprises of captains industries and professionals across the diverse sectors of technology Islamic finance, logistics, tourism, halal food, and many other emerging sectors to enable an ‘always on’ collaboration beyond the forum.

“WIEF has existed for 13 years and in the process, we have garnered thousands of participants and members from all over the world, who are repeated attendants of the forum or have attended our subsidiary activities,” said WIEF Foundation chairman Tun Musa Hitam prior to the launch of the new network yesterday.

Through this forum, Tun Musa also expressed his intention to assure that participants and members would stay connected with other participants, members and speakers of the forum.

Over the past 13 editions, the forum has been credited with commercial collaborations worth over US$15.5 billion; it has been pivotal in accelerating the growth of Islamic finance and it has brought world leaders and captains of industries together across Muslim and non-Muslim nations to open up new opportunities in the food, logistics, and tourism industries.

“We call ourselves the WIEF because it is in recognition of the fact that throughout the world, the Muslim umma is one sector that requires a lot of attention from the government sector, private sector, NGOs, and every other institutions.

“Through this forum, we address the sector that are really in need of help. However, we have also garnered non-Muslim participants because we have proven that this forum is the place to go to to conduct business as well. We are also able to identify which are the areas of priority such as education, women, youth, and others,” Tun Musa added.

Reflecting the commitment of the foundation behind the theme ‘Disruptive Change: Impact and Challenges’, WIEF’s inaugural network is aimed at bringing past and current forum attendees together to work throuh the challenges and tap into the opportunities resulting from the wave of disruptive change that will continue to shape the economy and politics.

In addition to the forum, the WIEF organises year-round events to support young leaders, women entrepreneurs and the broader start-up space through its WIEF Leaders Network (WYN), the WIEF Education Trust, and the WIEF Businesswomen Network (WBN).

The WIEF alumni network is expected to unite participants of the 13 WIEF editions, members of WYN, and WBN, as well as those who have been part of the foundation’s year-round activities which include highlights like the WIEF Roundtable Series.

“The WIEF alumni network is a dynamic and organic force that we are committed to investing in through more tailored activities and services that we will add on over time, in response to the changing global business and economic environment,” Tun Musa concluded.

SOURCE:- THE BORNEO POST

Bank Negara to enforce crypto regulation in 2018

Posted on : 22-11-2017 | By : sabah today | In : National Business

KUCHING: Bank Negara Malaysia (BNM) will designate persons converting crypto currencies into fiat money as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 beginning next year.

Governor Tan Sri Muhammad Ibrahim yesterday said the move aims at preventing the abuse of the system for criminal and unlawful activities and ensuring the stability and integrity of financial system.

“We need to prepare ourselves, as according to many pundits, digital currencies will become the new norm.

“The advent of digital currencies as some have forecast, will mark the beginning of a new era in the financial sector. As authorities, we cannot be oblivious to these developments,” he said in his welcoming remarks at the Third Counter-Terrorism Financing (CTF) Summit 2017 yesterday.

Muhammad said the adoption of artificial intelligence, machine learning and big data technology were tools that would likely be imperative, as suspicious transaction become more complex and harder to detect.

“As we learned from the Innovation Forum at this Summit, the use of artificial intelligence and big data will have the potential to increase efficiency and accuracy of assessments that is essential in a dynamic environment.

“The banking sector needs to adopt the latest and most advanced technologies to improve its risk management framework,” he added.

Greater access to intelligence information for financial institutions and rising threat from the Islamic State of Iraq and the Levant (ISIL) had resulted in the upward trend of reporting of Suspicious Transaction Reports (STRs), he said.

Between January and June this year, the Financial Intelligent Unit (FIU) received 346 terrorism financing-related STRs, which have led to 34 disclosures to law enforcement agencies, compared with 93 terrorism financing-related STRs with 14 disclosures in 2015.

The governor said that the central bank is also in the midst of finalising the details of a new requirement for the Banking and Money Services Business sector to report in high-risk areas.

“The high-risk areas will be determined based on the law enforcement agency’s intelligence on areas that they view may pose higher risks for funding of terrorism activities,” he said.

This, he said, was consistent with the Terrorism Financing Regional Risk Assessment findings at the second CTF Summit in Bali last year, where one of the priority actions identified was for FIUs to improve the visibility and insight into the nature of terrorism financing in the region.

Muhammad said the idea was intended to help FIUs gain better insights into the role of financial and transit hubs in regional and international terrorism financing network.

“There is no doubt that rapid technological developments have offered immense potential for economic growth. Unfortunately, they have also spawned new ways for terrorist organisations to acquire, move and manage their funds.

“In light of this development, the role of financial sector as a bulwark against terrorist financing become even more critical. The financial system must always be in a state of readiness to identify and effectively prevent any emerging risk of terrorism financing,” he added.

SOURCE:- THE BORNEO POST

Labuan gas – PETRONAS partners Argo (Argo Engineering Sdn Bhd and Eastport Marine Sdn Bhd to provide LNG ship-to-ship transfer services in Labuan)

Posted on : 22-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Petronas LNG Ltd, a subsidiary of Petronas LNG Sdn Bhd, has signed a two-year service agreement with Argo Engineering Sdn Bhd and Eastport Marine Sdn Bhd to provide liquefied natural gas ship-to-ship transfer services in Labuan.

The ship-to-ship transfer is the transfer of LNG between two vessels positioned alongside each other, allowing flexibility of cargo delivery especially for small-scale LNG requirements

“This ship-to-ship transfer service agreement is Petronas’ first collaboration in providing flexible delivery solutions that goes beyond the conventional selling and delivering of LNG,” said PLL chairman Ahmad Adly Alias in a statement today.

“LNG ship-to-ship transfer services is an emerging trend to cater to the needs of small scale LNG requirements,” he added.

Combining Argo and Eastport’s shipping expertise with Petronas’ LNG strong portfolio, the partnership will enable PLL to respond to new market requirements in the changing LNG industry landscape which includes LNG shipping solutions.

Argo has vast experience in LNG shipping operations supported by a network of experienced technical personnel in the LNG shipping industry.

Eastport have expertise in handling bunkering and ship-to-ship operations, in addition to possessing the sole license to provide LNG bunkering and ship-to-ship services at Brunei Bay, Labuan.

Petronas, with over 30 years of experience in integrated global LNG business, has a sterling reputation as a reliable LNG solution provider and supplier.

SOURCE:- NST

Petronas Dagangan upbeat on LPG market

Posted on : 20-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR— Petronas Dagangan Bhd, which aims to maintain its market leadership position in the liquefied petroleum gas (LPG) market in Malaysia, is upbeat on the sector’s outlook given the country’s growing population.

LPG Business Division General Manager, Ramzulhakim Ramli, said the LPG market in the country was still experiencing positive growth when compared with other countries, which were already saturated.

“We do see growth in the market whereby last year, it was 1.5 per cent. Usually, growth in the LPG market depends on the population growth,” he told reporters after a briefing on safe handling of cylinder gas.

SOURCE— BERNAMA

Malaysia’s 3Q GDP exceeds expectations, fastest growth in three years – Analysts (MIDF Amanah Investment)

Posted on : 20-11-2017 | By : sabah today | In : National Business

KUCHING: Malaysia’s third quarter of 2017 (3Q17) gross domestic product (GDP) generally exceeded consensus’ and analysts’ expectations.

It was the first time since 2Q14, Malaysia’s quarterly GDP growth reached above six per cent.  Of note, last week, Bank Negara Malaysia (BNM) announced Malaysia’s GDP growth for 3Q17. Malaysia’s GDP growth expanded by 6.2 per cent year-on-year (y-o-y) in 3Q17.

Private consumption and total investment contribute 3.9 and 1.7 per cent respectively to the robust growth during the quarter while from supply side, services and manufacturing sectors contributed significantly larger amount to the GDP by 3.6 and 1.6 per cent respectively.

In a report, the research arm of MIDF Amanah Investment Bank Bhd commented, “We opine the upbeat momentum in GDP growth was in tandem with steady performances of industrial production, manufacturing sales, distributive trade and external trade during the third quarter.

“Moderating inflationary pressure, strengthening domestic demand and upbeat external demand are the major anchors driving up GDP performance in 3Q17.”

It also pointed out that economic growth for 3Q17 was mainly contributed by private consumption and investment with both grew solidly by 7.2 and 7.9 per cent y-o-y respectively. Improvement in Malaysia’s consumption and investment was explained by the optimism in consumer and business confidence during 3Q17.

“We noticed strong growth in distributive trade sales by 9.4 per cent y-o-y during the quarter indicates steady upbeat trend in Malaysia’s domestic spending. Stable labour market and uptick in wage growth provide a boost for private consumption.

“We opine the SEA Games 2017 which held in August this year is possibly one of major factors pushing up consumption in particular via increase in tourist expenditure. Optimism in manufacturing sector was indicated by Nikkei manufacturing PMI figure at 49.5, highest in more than two years. Notably, the PMI figure breached to 50.4 points in August,” it explained.

It also highlighted that developed and emerging economies remain on upbeat momentum for the past nine months albeit continuous strong external trade activities, modest retrieval in commodity prices and improvement in domestic spending.

It added, “The US economy expanded by 2.3 per cent y-o-y in 3Q17, while China, the second world’s largest economy rose by 6.8 per cent y-o-y beating the official growth target of 6.5 per cent.

“Among Asean economies, economic expansion in 3Q17 is seen stable staying on upward trend path. For instance, Singapore posted 4.6 per cent y-o-y during the 3Q17, highest in fourteen quarters while Indonesian economy stable growing at above five per cent y-o-y.”

Moving forward, MIDF Research foresee steady expansion pace in developed and emerging economies for the 4Q17 would continue due to sanguine economic environment, receding of protectionism threat and gradual rise in commodity prices.

All in, due to strong economic growth, averaging 5.86 per cent for the last three consecutive quarters the research team believed there is a room of possible rate hike in 2018.

“Moreover, inflationary pressure coming from uptick in fuel-related prices and further normalisation of monetary policy in developed economies are another factors for the possible rate hike next year,” it added.

In terms of Malaysia’s GDP growth, MIDF Research said, “Based on the current development and indicators, we are optimistic that Malaysia’s economy to expand by 5.8 per cent this year given the upbeat performance of domestic and global economy.

“Besides, stable labour market, continued wage growth and moderating inflation will support and spur domestic economy. Moving forward, we foresee the economic performance in the fourth quarter of 2017 to expand at slower pace.”

SOURCE:- THE BORNEO POST

RAM Ratings: Malaysia to record stronger growth in 2018

Posted on : 20-11-2017 | By : sabah today | In : National Business

KUCHING: Malaysia’s recovery momentum in 2017 has been stronger than expected amid the firmer rebound of investments in productive capacity and external demand.

As such, Malaysia’s gross domestic product (GDP) growth appears likely to reach 5.8 per cent this year, exceeding RAM Ratings’ initial forecast of 5.4 per cent.

“We project GDP growth to come in at 5.2 per cent in 2018, with support from strengthening domestic demand and resilient external markets,” it said in a press statement following Bank Negara Malaysia’s (BNM) announcement of Malaysia’s third quarter of 2017 (3Q17) economic performance.

It noted that private consumption and investment are anticipated to register more robust growth in 2018.

“Private consumption will be underpinned by healthier labour market conditions and sustained wage growth, thereby posting a 7.2 per cent expansion next year, slightly better than the seven per cent expected this year.

“On the other hand, private investment will be boosted by the roll-out of big-ticket infrastructure projects and resilient investment by firms, attributable to sustainable economic growth and prospects.

“Private investment growth is anticipated to clock in at a robust eight per cent in 2018, compared to the 8.8 per cent expected this year,” it explained.

Although there has been some tapering of the low-base effects that had contributed to the export boost in 2H17, RAM Ratings said that this has not disrupted the underlying resilience of exports.

“As such, growth momentum should be maintained, albeit at a more modest pace compared to the initial recovery boost.

“Export growth is envisaged to come in at 4.1 per cent next year, supported by the continued expansion of export orders and production trends in our main export markets. Import growth is anticipated to again trump export growth, coming in at 5.4 per cent in 2018 amid ramped-up investments and positive spillover effects from resilient exports,” it projected.

RAM will be closely watching the development of the core inflation, which has been rising this year, albeit more moderately of late.

In 2018, it said, headline inflation is expected to moderate to 2.5 per cent from the projected 3.8 per cent for this year, against the backdrop of dissipating fuel price recovery effects and the corresponding low-base effects that were prominent in the first quarter.

“We reiterate our view that there is room for Bank Negara Malaysia to hike the OPR, to ensure sustainable growth and that destabilising price pressures will not turn into a downside risk for growth.

“Any tightening of monetary policy is envisaged to be gradual; hence a 25bps OPR hike may be on the cards for 2018,” noted RAM’s economist, Kristina Fong.

SOURCE:- THE BORNEO POST

Proton sales jumps 13 pct in Oct 2017

Posted on : 20-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Proton has recorded a 13 per cent jump in sales in October 2017 to 5,083 units compared with 4,498 units in the previous month.

For the January–October 2017 period, it registered a 6.0 per cent increase in sales to 61,380 units from 57,734 units in the same period last year.

In a statement today, Proton said its Saga and Persona models were the most popular choices and continued to dominate the trend, both contributing 70 per cent to the overall car sales, with 26,343 units of Saga and 16,833 units of Persona sold.

“The Persona, after its launch, saw a 57.5 per cent increase year-to-date with 16,833 units sold compared to 10,687 units in the same duration last year.

“The evolution of the new generation Persona caught the attention of Proton fans as the car not only received an entirely new look, but boasts a huge 510 litres of boot space, making the car a popular choice among a wider range of customers,”  it said.

SOURCE– BERNAMA

Bioeconomy corporation coordinates RM6.7 bln investments from 340 companies

Posted on : 16-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Malaysia has received RM6.7 billion in realised investment from 340 technology companies which were coordinated through Bioeconomy Corporation, the Dewan Rakyat was told yesterday.

Science, Technology and Innovation Minister Datuk Wilfred Madius Tangau said of the amount, 69 per cent or RM4.6 billion was foreign direct investment.

He cited Biocon Ltd from India as one of the companies that had been operating in Bio-XCell Malaysia in Nusajaya, Johor Bahru since 2016.

The company is involved in developing and manufacturing biofarmaceutical products,” he said when responding to a question Datuk Seri Dr Irmohizam Ibrahim (BN-Kuala Selangor) during the Ministerial Question Time.

Madius said one of the initiatives undertaken by Bioeconomy Corporation was providing a conducive environment for foreign companies to set up their bio-manufacturing and bio-industrial plants in Bio-XCell Malaysia.

“The Bio-XCell Malaysia business model is through building and selling of factories, as well as leasing of sites using Central Utilities Facilities (CUF), X-Sentral for labs and businesses, and facilities provided by Bioeconomy Corporation.

“Other incentives are also offered through the Malaysian Investment Development Authority, Bioeconomy Corporation and Iskandar Malaysia,” he said.

On long-term strategy, Madius said the Science, Technology and Innovation Ministry encouraged the involvement of local companies in biotechnology industry to ensure sustainable industrial development by targeting 20 global BioNexus companies.

“At present, 11 BioNexus-status companies have achieved global status and are pioneering in strengthening the local industry’s competitiveness in the development of global technology and innovation,” he said.

SOURCE— BERNAMA

M&E sector investment in H1 2017 worth to RM709 million approved

Posted on : 16-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: Malaysia has approved investments worth RM709.7 million for 37 projects in the machinery and equipment (M&E) sector in the first half (1H) of 2017, compared with RM660 million for 35 projects in the same period last year.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said the industry was dominated by the small and medium enterprises (SMEs) which produced customised products, including end-to-end manufacturing from design to logistics, to fulfil the strong domestic and global demands.

“I believe the industry’s productivity and competitiveness will increase if the SMEs adopt the Internet of Things (IoT) technology in their operations,” he said in his keynote speech at the opening of the “IoT Malaysia 2017 Seminar” yesterday.

Mustapa also said that local companies, SMEs and startup technopreneurs should explore the IoT as a means to add value to their products and services.

The seminar was jointly-organised by the Malaysia Investment Development Authority and Intel Malaysia.

Meanwhile, Intel Malaysia IoT Group Customer Engineering Director, Eric Chan said Intel had been actively working with local SMEs, especially agricultural entrepreneurs and property developers who were keen on introducing smart home concepts and intelligent transportation.

“We are working on how we can improve the transportation system and more,” he said.

Intel has invested US$5 billion (US$1=RM4.18) in Malaysia and its plant here is Intel’s largest assembly and test manufacturing facility. Intel outsourced its materials locally from more than 100 Malaysian vendors and suppliers.

SOURCE— BERNAMA

Think IoT to stay ahead, says Mustapa

Posted on : 16-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR YB Dato’ Mustapa Mohamed, Minister of International Trade and Industry today called on local companies and small and medium-sized enterprises (SMEs) to consider the Internet of Things, or IoT solution as a tool to drive growth.

“I encourage more local companies, SMEs and start-up technopreneurs to explore the adoption and implementation of IoT as a means to add value in their products and services as well as to increase productivity and efficiency towards scaling up their businesses,” said the Minister of MITI at the seminar on IoT Malaysia 2017 co-organised by the Malaysian Investment Development Authority (MIDA) and Intel today at MITI.

The holding of this seminar is timely and relevant as the world has come to an era which calls for a digital transformation. IoT, which is a component of Industry 4.0 is no longer just a futuristic concept but is actually happening now and is already transforming every aspect of people’s lives.

Realising that IoT holds tremendous potentials that cut across all industries in the world, the Minister urged industry players to seize the growing opportunities. “Industry players need to change the way they do business, to align to emerging IoTs and Industry 4.0 applications.”

This call is in line with the government’s direction to make Malaysia the leading industrial hub for high technology products and activities in the ASEAN region.

“Malaysia is privileged to have good engineering capabilities, skilled workforce and a strong manufacturing base. These create an enabling structure towards materialising this important agenda. Global companies and MNCs are welcome to make Malaysia as their regional development hub for high technology products and activities in the region.  At the same time, we look forward to more high quality investments, both from domestic and foreign sources, particularly in related catalytic sectors such as electrical & electronics (E&E) and machinery & equipment (M&E),” said the MITI Minister.

Recognising the challenges that companies go through in the execution of Industry 4.0, particularly in filling the gaps in the country’s IoT ecosystem, the Minister sees the need to form strong partnerships between the government, the industry players and all the other stakeholders.

The Minister also reiterated that “Many SMEs are capable of developing the supporting technologies such as chip packaging technology, Micro-Electro-Mechanical Systems (MEMS) and high technology electronic components, but they just have not had access to the right IoT platform. This is where MNCs can play a strong role to support local companies and SMEs to grow. If MNCs can give SMEs a helping hand, just like what Intel is doing today, local companies and SMEs can leverage on the established IoT platforms of these MNCs,” he added.

The seminar ran for a full day, and addressed topics such as the IoT Landscape in the World, IoT Success Case Studies and Market Segment Readiness for IoT. It was attended by more than 800 participants from various industry sectors.

The seminar was being held in conjunction with the 50th anniversary of MIDA. It also marked Intel’s continuous efforts towards further developing Malaysia’s economic growth. In his speech, the Minister highlighted that “Intel has contributed much to the development of Malaysia’s economy. It has been at the forefront in driving the country’s industrial development, particularly in the E&E sector.”

The Talking Points for YB Minister can be obtained at the following link:
http://www.mida.gov.my/home/administrator/system_files/modules
/photo/uploads/20171116115158_YBM%20Talking%20Points_IoT%20Malaysia.pdf

SOURCE : Malaysian Investment Development Authority (MIDA)

CGC (Credit Guarantee Corporation) takes Gaining Market Access workshops to East Malaysia –

Posted on : 15-11-2017 | By : sabah today | In : National Business

KUCHING: Credit Guarantee Corporation Malaysia Berhad (CGC) will be organising signature ‘Gaining Market Access’ workshop series in East Malaysia beginning with its first in Sabah.

This workshop is an initiative under CGC’s Developmental Programme to assist Malaysian small and medium enterprises to gain market access especially into hypermarkets in order to grow and expand their business.

The half day workshop which starts from 9am to 1pm will be held at the Hyatt Regency Kinabalu, Kota Kinabalu on November 23, 2017. It is organised for local SMEs to help them take their business to the next level.

The workshop is designed to focus on assisting SMEs on ways to penetrate potential hypermarkets in Malaysia. Besides, it will also guide the participating SMEs on ways to optimise productivity for food industries.

Prior to Kota Kinabalu, CGC had successfully conducted Gaining Market Access workshops at three major market centres namely Kuantan, Malacca and Ipoh, which has benefited more than 141 SMEs.

CGC’s chief business officer, Leong Choong Weng, said before any business can gain access into the international market, they first have to establish themselves in the local market.

“More importantly, their products must be known brands that are sold widely especially at popular hypermarkets. This is one of the challenges faced by the SMEs which we are aware of and doing our part in helping them to learn and understand the hypermarket requirements through these workshops that we are organising nationwide,” he said in a statement.

He further added that this workshop series is a testimony of CGC’s dedication in promoting the growth and development of competitive and dynamic Malaysian SMEs.

“The CGC Gaining Market Access is a workshop for the SMEs to share their thoughts and challenges they are facing with the subject matter experts during the Q&A session. Essentially, this workshop acts as a platform for SMEs to hear and communicate directly with any matters relating to their business and market access,” added Leong.

The workshop is open to all SMEs that are interested or are currently facing difficulties in gaining market access to hypermarkets, and also for those who are keen to increase their business growth and exposure.

Prominent speakers such as Norman Rajen Abdullah, general manager of Mydin Malaysia with more than twenty (20) years of experience in the Hypermarket Industry and an industry expert from Asia Green Produce Enterprise will be conducting the workshop.

Asia Green Produce Enterprise is a customer of CGC renowned for their signature brand, Awang, a local ready-to-cook food product. Under the supervision of certified and experienced chef, their products are processed and packaged to meet high quality standards.

As seats are limited, participation would be on a first-come-first served basis.

Those who are interested to enrol or have further queries on the workshop are advised to contact Adolf Anthony Lajinga at 019-8628119 (adolfanthony@cgc.com.my) or Na’im Hilmi at 016-9340671 (muhammadnaim@cgc.com.my).

SOURCE:- THE BORNEO POST

MPOB, AladdinStreet partners to enhance palm oil market – Mah

Posted on : 15-11-2017 | By : sabah today | In : National Business

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) through its Palm Oil Research and Technical Service Institute in China and AladdinStreet China has forged a strategic alliance to enhance Malaysian palm oil market through e-commerce platform in the republic.

Through the partnership, AladdinStreet China will grant free registration value at RM191,423.29 to the first 10 Malaysian palm oil exporters or merchants which successfully joined its platform.

Malaysia Plantation Industries and Commodities Minister, Datuk Mah Siew Keong, who witnessed the signing ceremony between the two entities yesterday, said it was timely for the industry members to grab this opportunity to be on board the e-commerce through the platform provided by AladdinStreet China in strengthening their market there.

“China has a population of more than 1.5 billion while AladdinStreet has very strong marketing strategies in helping the merchants market their products in e-commerce.

“I am confident this collaboration will be successful,” he told a press conference after officiating the International Palm Oil Congress and Exhibition (PIPOC) 2017 yesterday.

Meanwhile, MPOB in a statement said the collaboration was achieved by capitalising on the incentives and facilities offered by the Chinese government under Belt and Road initiatives to e-commerce, among others, competitive preferential tax and free warehousing facilities in identified free trade zone in China and cost-effective logistic systems.

The three day PIPOC 2017 which kicked off today was attended by more than 2,000 participants locally and internationally.

SOURCE— BERNAMA