1. MITI Eyes 10,000 e-commerce Companies Joining DFTZ
  2. MIFF 2018 Eyes Five per cent Increase In Sales
  3. MaGIC Launches MasSIVE to Help Drive Systemic Change in the Social Sector
  4. Mitsui Outlet Park KLIA Soon To Be Largest Factory Outlet Mall in Southeast Asia
  5. Kuala Lumpur Convention Centre Geared Up for WUF9 with 25,000 Anticipated Visitors

MITI Eyes 10,000 e-commerce Companies Joining DFTZ

International Trade and Industry Ministry (MITI) is targeting to increase the number of companies coming onboard the Digital Free-Trade Zone (DFTZ) e-commerce platform to about 10,000 by year-end from 1,998 in November 2017. Its Minister, Dato Sri Mustapa Mohamed said since the DTFZ pilot project was launched last year, there had been growing interest among local and international e-Commerce players. “We will work towards ensuring the sustainability of the small and medium enterprises (SMEs) that are already DFTZ-listed, and assist more SMEs to list on the platform to ensure that they are future-ready and equipped to venture into cross-border eCommerce,” he told a media conference at the Malaysia Digital Economy Forum in Kuala Lumpur. Dato Sri Mustapa said the last two years had been exciting for e-commerce whereby Malaysians were beginning to embrace digital economy in a big way.

MIFF 2018 Eyes Five per cent Increase In Sales

The Malaysian International Furniture Fair (MIFF) 2018 is eyeing a five per cent increase in sales this year, despite the recent rise in the Ringgit against the US dollar. The annual event recorded sales of US$940 million last year. MIFF Founder and Chairman, Datuk Dr Tan Chin Huat said the rise in the Ringgit was unlikely to affect sales as foreign buyers had anticipated it. “Pricing will not be a major concern for them. They are more concerned in the design and quality of products,” he said at the MIFF 2018 pre-show press conference in Kuala Lumpur. Themed, ‘Design Connects People’, the 24th edition of MIFF will be held at the Malaysian International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC) in March.

MaGIC Launches MasSIVE to Help Drive Systemic Change in the Social Sector

Malaysian Global Innovation & Creativity Centre (MaGIC) together with its partners are the pioneers behind Malaysia’s Social Inclusion & VIbrant Entrepreneurship (MasSIVE) movement. This movement aims to propel the aspiration of the Social Enterprise Blueprint, drive systemic change in the sector locally, create an enabling ecosystem and champion the impact driven enterprise (IDE) movement regionally. MasSIVE marks the next step in Malaysia’s journey in establishing a thriving impact driven enterprise (IDE) sector. It will build coalitions of programs aimed at IDEs to improve ease of access, forge collaborations between key stakeholders to accelerate industry growth, and help ignite policy changes to further ensure inclusion. These are key in helping the nation fulfill its national goal of enhancing inclusiveness towards an equitable society, pursuing green growth for sustainability, accelerating human capital development, and improving well-being for all. During MasSIVE Impact Day, more than 800 individuals from corporates, non-governmental organizations (NGOs), small and medium enterprises (SMEs) and the public gathered to participate in various industry consultations, panel discussions, as well as mentoring and coaching sessions. MasSIVE also marks the transformation of MaGIC’s Social Entrepreneurship arm, which has been a driving force behind the national push for the IDE sector – from designing the Social Enterprise Blueprint to SEHATI, IDEA, and Buy for Impact. Through MasSIVE, the unit will now adopt a structure that champions collaboration between key stakeholders, a key to creating successful systemic change for the impact driven enterprise sector.

Mitsui Outlet Park KLIA Soon To Be Largest Factory Outlet Mall in Southeast Asia

MFMA Development Sdn Bhd, a joint venture between Mitsui Fudosan Co, Ltd (Mitsui Fudosan) and Malaysia Airports Holdings Berhad (Malaysia Airports), has successfully launched Phase 2 of its planned expansion for Mitsui Outlet Park KLIA Sepang. Mitsui Outlet Park KLIA Sepang, is the only factory outlet shopping mall within the Klang Valley area.  “The launch of the expansion phase for Mitsui Outlet Park KLIA Sepang marks an important milestone for us as it demonstrates the progress we are making towards becoming the largest factory outlet mall in Southeast Asia,” said Mr Akihiko Funaoka, Executive Managing Officer of Mitsui Fudosan Co Ltd. “Phase 3, which is targeted to be completed by 2021 targets to house 250 stores on a total gross floor area of 73,000sqm, making Mitsui Outlet Park KLIA Sepang the largest in Southeast Asia,” added Funaoka. The gross floor area of Phase 2 measures 16,530sqm and can accommodate 70 new stores over 9,800sqm of commercial space, expanding the popular retail destination to a total gross floor area of 56,530sqm. The architectural concept for the new expansion phase also introduces three new concepts namely the River Walk and Sky Walk, which gives the image of wilderness paradise entering the inland from the Sea Resort; the Forest Walk corridor reflects a forest trail connecting the river and the sky, merging the 3 concepts into a complementary sensorial experience.

Kuala Lumpur Convention Centre Geared Up for WUF9 with 25,000 Anticipated Visitors

The Kuala Lumpur Convention Centre is ready to kick-off its biggest event for 2018, the United Nation-Habitat’s Ninth Session of World Urban Forum (WUF9) from 7 to 13 February, further growing the venue’s international high-profile event portfolio. Themed “Cities 2030 – Cities for All: Implementing the New Urban Agenda”, the Forum will focus on discussing the implementation of the New Urban Agenda as a tool and accelerator for achieving the Agenda 2030 and the Sustainable Development Goals. The event is expected to attract at least 25,000 participants from national, regional and local governments, non-governmental organizations, community-based organizations, professionals, research institutions and academies, professionals, private sector, development finance institutions, foundations, media and United Nations organizations.