• Sarawak Launches Digital Innovation Hub
  • “One Family, One Entrepreneur” Concept to Create More Bumiputera Entreprenuers
  • Malaysia’s gaming industry expected to grow 20% this year to RM869 million
  • Current natural rubber prices not reflective of fundamentals
  • MACCOPS set to become Regional Co-operative Tradeshow
  • SCHOOL PLACES, Australia’s First Online Marketplace for Private Schools, Expands into Malaysia
  • China firms keen to set up treasury centres in Hong Kong after tax law change

Sarawak Launches Digital Innovation Hub to Drive Digital Economy
The newly-launched Tabung Ekonomi Gagasan Anak Bumiputera Sarawak (TEGAS) Digital Innovation Hub, a platform which aims to attract, nurture, support and encourage talents to venture into digital entrepreneurship, would help boost the development of the state’s digital economy. Chief Minister, Datuk Amar Abang Johari Tun Openg (pic), said the hub was just the first stage in supporting aspiring entrepreneurs and start-ups and it was one of the satellite initiatives centred around the Sarawak government’s Digital Village. “The Digital Village will consolidate and cement all the other initiatives by TEGAS Digital Innovation Hub, as well as other efforts by government and private sector to increase the rate and degree of success of digital startu-ups,” he said in his speech during the launch the innovation hub in Kuching. Datuk Abang Johari said the Digital Village would be managed by a team of experts, mentors and coaches, and would have a complete ecosystem which would include a research outfit, venture capitalist management and technologists. It would also include a business venture management team to help tip point start-ups to scale up their initiatives, he said.

One Family, One Entrepreneur’ Concept To Create More Bumiputera Entreprenuers
The ‘One Family, One Entrepreneur’ concept introduced by the government is aimed at instilling the spirit of entrepreneurship among Malaysians, especially Bumiputera, as well raising the competitiveness of budding young entrepreneurs. Deputy International Trade and Industry Minister Datuk Ahmad Maslan said the concept was an extension of two earlier concepts, namely ‘One Village, One Product’ and ‘One District, One Industry’ which proved successful in encouraging the Malays to go into business. “We hope with this new concept, more Bumiputeras would go into business and change the mindset of the community who prefer to become salaried employees.

How the honor 8 Pro Hits the Mark for the Malaysian Mobile Gamers
The gaming scene in Malaysia is indeed a vibrant one – with the gaming market expected to grow 20% to RM868.7 million this year, and the region to grow by 30% in 2018. This leads to Malaysia being the 26th largest gaming market in the world and the third largest in Southeast Asia, reflecting the country’s potential to become a regional gaming hub by 2025. As the fastest growing region in the games market, Malaysia is the second biggest in the mobile games market, partly influenced by the fast-rising (mobile) internet connectivity. In this battleground to introduce devices that satisfies the appetite of today’s power users and gamers, it is ever so important that global smartphone players pay attention to the trends in order to meet market demand.

As smartphone buyers this year look forward to phones that are thinner, faster and with better graphics to keep up with the demand for mobile gaming, the introduction of the honor 8 Pro into the Malaysian market is a timely one for honor Malaysia. Malaysia, being the first international market to introduce the honor brand outside of China in 2014 have since seen a rapid uptake in brand recognition by the local consumers. Prior to introducing its high-quality devices in the market, the brand invests greatly to understand the local market taste, lifestyle, budget and demands – and the brand recognised the growing need for a mobile gaming smartphone.

Current Natural Rubber Price Trend Not Reflective Of Fundamentals
A Joint Meeting between Senior Officers of the International Tripartite Rubber Council (ITRC) and Board of Directors of the International Rubber Consortium (IRCo) has concluded that the current price of Natural Rubber (NR) is not reflective of the economic fundamentals that affect it. While the three Member Governments — Thailand, Indonesia & Malaysia — expressed concerns that the current downward rubber price trend and market factors are unrealistic, they are also confident on the health of NR market and that prices should adjust to reflect the fundamentals. The recent meeting discussed the wellbeing of rubber smallholders and the rubber industry in their countries, factors contributing to the rubber price and possible measures to improve NR prices.

MACCOPS set to become Regional Co-operative Tradeshow
MACCOPS, now in its’ 8th year, is taking the bold step of positioning itself as a regional tradeshow for co-operatives. Organised by ANGKASA the apex body for the co-operative movement in Malaysia, MACCOPS is looking to see Malaysian co-operatives play a greater role in the ASEAN economic integration through linking co-operatives from the region with each other. The 2017 MACCOPS edition will see co-operatives from various countries from Asia, Australia, Europe, the Middle East and Africa exhibiting products and services. At the same time delegations from various countries from these regions will join the planned business matching and business forum sessions. Trade visitors to MACCOPS can expect to meet decision makers from local and international co-operatives at the exhibition, business matching, seminars and forum components of the event will ensure access to industry experts. Co-operatives will have dedicated C2C or Coop-2-Coop networking sessions.

SCHOOL PLACES, Australia’s First Online Marketplace for Private Schools, Expands into Malaysia
School Places, Australia’s first ever private school marketplace, today announced its arrival into Malaysia with the backing of OSK Technology Ventures, the venture capital and private equity arm of OSK Berhad. The expansion into Malaysia will see School Places assist Malaysian parents and international families in their search for private and international school options for their children in Malaysia or for families relocating to Australia in need of a private school enrolment.

School Places which launched in Australia three years ago offers a dynamic and personalised service that helps match families to private schools across the gamut of vacancies, at no cost to the parent. With over 12,000 Australian private school vacancies currently loaded in the School Places system, inventory is constantly growing as new schools come on board and additional vacancies are released by partner schools. With its foray into Malaysia, School Places will now also include Malaysia’s private school and international school vacancies in its inventory.

China firms keen to set up treasury centres in Hong Kong after tax law change, says HKMA
The head of the Hong Kong Monetary Authority said a tax law change last year has encouraged at least three mainland Chinese giants to set up corporate treasury centres in the city while another 30 are considering the move. “At least three central state-owned enterprises, including China Huaneng Group, State Power Investment Corporation and China Three Gorges Corporation, have expressed their intention to establish or expand their corporate treasury centres in Hong Kong in the near future,” said Norman Chan Tak-lam, chief executive of HKMA, in an article posted on the authority’s website. “In the past year or so, we have reached out to hundreds of Chinese and foreign enterprises, more than 30 of which are actively considering establishing or expanding their corporate treasury centres in Hong Kong,” he added.