• Matrade Invites Malaysian SMEs To Attend Maritime Silk Road Expo
  • EPF Records Higher Income of RM11.51 bln In Q2
  • The Monetary Authority of Singapore and the Securities Commission Malaysia Collaborate to Foster FinTech Innovation and Cross-Border Activities
  • Goodyear Advances Connected-Business Model with Automated Tire Facility
  • Private new homes transaction expected to cross 16,000 in 2017
  • Thailand Hopes IMT-GT Can Be Widened to Include Terengganu, Pahang
  • AirAsia Widens Connectivity With Introduction Of New Route To Nha Trang

Matrade Invites Malaysian SMEs To Attend Maritime Silk Road Expo

Malaysia’s small and medium enterprises (SMEs) are encouraged to attend the Maritime Silk Road International Expo themed “Promote Regional Economic Integration Through Tourism” in Dongguan, China from 21-24 September 2017. Malaysia External Trade Development Corporation (MATRADE) Trade Commisioner Zaimah Osman said the event could serve as a platform to promote cooperation between China and ASEAN in the fields of trade, investment, and tourism. “Due to budget constraints, we have to look for strategic partners who can work with us with zero cost to enable us to leverage the event´s pre-planned activities,” she told reporters on the sidelines of the China-ASEAN Expo (CAEXPO) 2017 in Nanning. She said MATRADE´s five offices in China — Beijing, Shanghai, Guangzhou, Shengdu and Hong Kong — were ready to assist SMEs wishing to obtain information on venturing into new markets.

EPF Records Higher Income of RM11.51 bln In Q2

The Employees Provident Fund (EPF) has reported a 36.36 per cent increase in investment income to RM11.51 billion for the second quarter ended June 30, 2017 (Q2 2017) from RM8.44 billion in the same period last year. EPF said out of the total income, fixed Income instruments contributed 37.29 per cent, equities (53.72 per cent), while real estate and infrastructure and money market instruments contributed 6.23 per cent and 2.64 per cent, respectively. Chief Executive Officer, Datuk Shahril Ridza Ridzuan (pic), said the market conditions had improved from a year ago and all asset classes in EPF’s portfolio recorded healthy year-on-year growth, with equities continuing to be the main profit driver for the quarter under review. Datuk Shahril said the provident fund had also benefited from diversification into other asset classes that provided stable streams of income, including fixed Income instruments and real estate and infrastructure investments through its subsidiaries.

The Monetary Authority of Singapore and the Securities Commission Malaysia Collaborate to Foster FinTech Innovation and Cross-Border Activities

The Monetary Authority of Singapore and the Securities Commission Malaysia have signed a Cooperation Agreement (CA) to foster closer cooperation on FinTech and innovation in financial services between Singapore and Malaysia. MAS and SC share similar objectives of developing robust FinTech ecosystems that support the needs of the financial industry and promote innovation in their respective markets. The CA establishes a strategic framework for both regulators to assist innovator businesses to better understand the regulatory regime in each jurisdiction, and provide support through the application and authorisation process. Both Authorities will also undertake to consider participating in joint innovation projects that leverage technologies such as blockchain and distributed ledgers.

Goodyear Advances Connected-Business Model with Automated Tire Facility

Advancing its connected-business model, The Goodyear Tire & Rubber Company today announced plans to create a new facility in Luxembourg that utilizes an innovative production process to meet growing customer and consumer demand for premium tires. Named Mercury, the proprietary process features highly-automated, interconnected workstations, using additive manufacturing technologies to efficiently produce premium tires in small-batch quantities on-demand for replacement and original equipment customers. The new facility, set to open in 2019, is in close proximity to Goodyear’s Luxembourg innovation center and tire proving grounds. The company is investing $77 million in the facility, which will produce approximately 500,000 tires annually and create approximately 70 new, full-time positions.

Private new homes transaction expected to cross 16,000 in 2017

Private new homes transaction in Malaysia is expected to cross 16,000 in 2017 The figures released today depicted a total of 1,581 units (including ECs) and 1241 units (excluding ECs) transacted in August 2017. Even though there is only one new launch during the month, the private new homes segment did relatively well with 1,241 total units sold (excluding EC) which is higher than in the months of May, June and July. The total units sold (excluding ECs) in the first 8 months of 2017 has also surpassed the volume of transaction of the whole of 2016 illustrating the positive momentum and greater activities in the segment. CEO PropNex Realty, Ismail Gafoor believes that with the existing positive trend and the buzz in the new private homes segment in the next few months, the total transactions may cross the 16,000 mark by end of 2017, with 12,000 private properties and 4,000 ECs snapped by buyers.

Thailand Hopes IMT-GT Can Be Widened to Include Terengganu, Pahang

Thailand hopes the Indonesia, Malaysia and Thailand Growth Triangle (IMT-GT) can be widened to include Pahang and Terengganu in order to improve economic growth via trade between the southern part of Thailand and the east coast of Peninsular Malaysia. Secretary-General of the Thailand Southern Border Provinces Administration Centre Supanat Sirintawineti said although the IMT-GT was introduced about 12 years ago, trade between both these regions were not encouraging. “If the area under IMT-GT is expanded to include Terengganu and Pahang, I am confident trade will start to pick up especially along the border areas of Thailand and Malaysia,” he said.

AirAsia Widens Connectivity With Introduction Of New Route To Nha Trang

AirAsia Bhd continues to widen its ASEAN connectivity with the inaugural flight of its new route to Nha Trang, Vietnam, that flies daily directly from Kuala Lumpur. AirAsia said the maiden flight also marked another milestone for the carrier as it was the first airline to operate direct flights to Nha Trang from Malaysia. “Nha Trang is a great addition to our network and we see a good potential in the destination which is why we have decided to increase our Fly-Thru routes benefiting travellers from the region and beyond to visit the coastal city.