1. Commerce.Asia, MDeC tie up to promote exports by local SMEs
  2. MyBazar begins nationwide tour to promote e-commerce via Blee
  3. New ministry programme integrates activities of welfare bodies
  4. Unemployment in Singapore declined in 1Q2018
  5. North and South Korean leaders met in historic summit

 

Commerce.Asia Partners with Thailand Fulfilment Players to Benefit SMEs
Commerce.Asia Ventures, Malaysian commerce technology venture builder has partnered with two Thailand Technology Enablers to accelerate cross-border e-commerce between Thailand and Malaysia. In 2017 Malaysia’s export to Thailand amounted to RM50.53 billion, making them one of the top ten export nations for Malaysia. However, the exports mainly came from the electrical and electronics (E&E) products, crude petroleum, chemical and machinery sectors. On the other hand, Malaysian imports from Thailand totalled RM48.16 billion in 2017 with imports mainly from E&E products, transportation equipment, chemical products, machinery, equipment and parts and natural rubber. Today Commerce.Asia entered into a collaboration with MDEC under the Digital Free Trade Zone (DFTZ) B2C Export program, that aims to promote and drive export by Malaysian SMEs outside of Malaysia. Under the program, Thailand has been identified as the first cross border country that Commerce.Asia will be targeting. Through this partnership, Commerce.Asia will onboard Malaysian merchants to sell products to Thailand consumers. The Thai e-commerce spending pattern points to electronics as the top product category accounting for USD1.3billion market share followed by fashion, which accounts for USD525 million in sales. By 2021, while electronics will continue to lead the market share, Fashion is expected to double in market share.

MyBazar begins nationwide tour to promote e-commerce via Blee
The MyBazar Malaysia Roadshow, a social marketplace focusing on local traders and products, which kicked off in Sepanggar, Sabah and Pekan, Pahang yesterday, has succeeded in promoting eUsahawan business opportunities through ‘Blee’. MyBazar, which was appointed to spearhead ‘Blee’ by Malaysia Digital Economy Corporation (MDEC), said the roadshow would be conducted nationwide starting with Sepanggar and Pekan in the quest to attract youths to join eUsahawan. “The eUsahawan Bootcamp held at the event was aimed at inspiring, educating and exposing its participants and micro-entrepreneurs to digital entrepreneurship and other eUsahawan programmes,” MyBazar said in a statement today. During the bootcamp, the participants shared their experience, and were put through their paces at a financial inspection session, social media training, games, a quiz, a forum, and a product photography session, besides registering as Blee entrepreneurs. MyBazar said in Sepanggar, the bootcamp was aimed at gathering at least 1,000 micro-entrepreneurs aged 18 years and above.

New ministry programme integrates activities of welfare bodies
The Communications and Multimedia Ministry has launched a programme to integrate the efforts of welfare bodies under the ministry to carry out activities jointly in line with the Blue Ocean Strategy. The ‘Komuniti@KKMM’ programme is the brainchild of ministry secretary-general Tan Sri Dr Sharifah Zarah Syed Ahmad who wants to establish a KKMM community that is creative and has the spirit of togetherness among the affiliated representatives of the employees. The affiliation of the employees’ representatives includes the KKMM Club, Association of Wives of Public Servants and Women in the Public Service (Puspanita), Departmental Joint Councils and Public Service Counselling Associates (AKRAB). The programme will also be extended for implementation in the departments and agencies under the ministry,” he said.

Unemployment in Singapore declined in 1Q2018
Preliminary data from Singapore’s Ministry of Manpower showed that unemployment rates had declined in the first quarter of 2018. Retrenchments were also lower in 1Q 2018 compared to the preceding quarter and compared with a year ago. Total employment declined but by a smaller extent compared to the same period a year ago. The decline was due largely to the continued contraction in Construction and Marine Shipyard, and affected mostly Work Permit Holders.

North and South Korean leaders met in historic summit
North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the heavily fortified demilitarized zone today, pledging to pursue peace after decades of conflict. Kim became the first North Korean leader since the 1950-53 Korean War to set foot in South Korea. The historic meeting comes weeks before Kim is due to meet US President Donald Trump to discuss denuclearizing the Korean peninsula. A South Korean official told reporters that the two leaders discussed denuclearization and permanent peace on the Korean peninsula during their morning session, and are expected to sign a joint declaration after they reconvene Friday afternoon.