National Policy On Industry 4.0 To Be Tabled To Cabinet In Q4
The Ministry of International Trade and Industry is leading a coordinated effort in the drafting of a National Policy on the Industry 4.0. The Ministry aims to table the Policy to the Cabinet in the fourth quarter of this year. Its Minister Datuk Seri Mustapa Mohamed said the joint paper would involve both the public and private sectors. “The Industry 4.0 is already happening in Malaysia. We are now coordinating a robust programme involving many parts of the government.
Matrade Urges Local Industry Players To Shift Towards Ethical Fashion
The Malaysia External Trade Development Corporation (Matrade) has called on local designers and manufacturers to shift to ethical fashion to cater to a growing global demand in the trillion-dollar industry. Lifestyle Director Abu Bakar Yusof said the global market for ethical fashion had quadrupled over the last four years. “For example, the ethical fashion industry in the United Kingdom increased 29 per cent to RM9.76 billion (1.8 billion British pounds) in 2016,.
World’s Business Leaders View Disruptive Forces As Opportunities
What is seen as disruptive can be viewed as opportunities. According to the survey by KPMG, the world’s business leaders view disruptive forces as an opportunity and not a threat. Based on KPMG’s 2017 Global CEO Outlook, which interviewed nearly 1,300 Chief Executive Officers (CEOs) of some of the world’s largest companies, 65 per cent believed disruption can have a positive effect, while three in four said their businesses aimed to be the disruptor in their sector. In ASEAN, the percentage recorded is higher at 92 per cent and 83 per cent respectively. KPMG is a global network of professional services firms providing audit, tax and advisory services.
ADB, World Bank Group Ready to Help Pacific Island Countries Maximize Benefits from Increased Trade, Investment
The Asian Development Bank (ADB) and the World Bank Group are ready to help Pacific island countries maximize benefits from increased trade and investment across the region. ADB and the World Bank Group made the announcement as Australia and New Zealand, Cooks Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga and Tuvalu today signed the Pacific Agreement on Closer Economic Relations (PACER) Plus. PACER Plus is a trade and development agreement covering goods, services, and investment aimed at boosting economic opportunities in the Pacific region.