Three Local IT, Web Marketing, Design Services Firms Collaborate to Support SMEs
Three IT, web marketing and design services companies have come together to provide online business solutions support for local small and medium enterprises (SMEs) in the country. The companies, Operion E-Commerce & Software Sdn Bhd, Veecotech Enterprise and OneStudio Graphics, have twenty-two years of combined experience in the three areas. Operion E-Commerce & Software owner Lukas Tan said the online business is not confined to IT, computers, Internet communications, online advertising and sales.

SMEs Urged To Boost Sales With Australian Produce Campaign
The small and medium enterprise (SME) sector in Malaysia, especially the retail sector, has been urged to grab opportunities to create new sales channels, capture new markets and expand their client base for Australian produce through the ‘Now! In Season’ (NIS) campaign. NIS, a global campaign by the Australian Government, Victorian State Government and Horticulture Innovation Australia, aims to promote various Australian fresh fruits and vegetables at their peak quality and availability. Commissioner to South-East Asia, Government of Victoria, Australia, Brett Stevens, said Malaysia imported A$5.3million or 871 tonnes of Australian fruits, in 2015.

Smallholders Body Urges Government To Reconsider Ban On Rubber Wood Exports
The National Association of Smallholders Malaysia wants the government to reconsider the ban on the export of rubber wood. Its President, Datuk Aliasak Ambia said the move has a detrimental effect on smallholders who depend on the rubber trees for their livelihood. He said that the issue of the lack of raw materials needed to be discussed in-depth considering its impact on various sectors of the industry. “The effect is not limited to the downstream sector but the whole rubber industry, especially the smallholders who contributed 95 per cent of the rubber production in the country.

No New Policy On Foreign Ownership In Insurance Companies
Bank Negara Malaysia said there is no new policy on foreign ownership in insurance companies. A statement from the central bank said it had assessed all applications for the acquisition of shares in accordance with the Financial Services Act 2013. “Foreign shareholders of insurers that have made specific commitments in applying for entry into the Malaysian insurance market, including maintaining specified levels of domestic shareholding within agreed timelines, must honour their commitment.

Singapore’s Future Economy Council to grow and transform economy
Singapore’s Finance Minister, Heng Swee Keat said the new Future Economy Council (FEC) will focus on growing and transforming the republic’s economy to benefit Singaporeans amid significant global changes. He added that the FEC will adopt three approaches. The first is to grow an economy that is vibrant, open and connected to the world, the second is to strengthen local enterprises through industry-specific transformations and the third approach involves enabling Singaporeans to acquire and utilise deep skills to enable them to seize opportunities in the future economy. The FEC is a national council overseeing skills and innovation efforts, announced in May.