Editor’s Picks: 2 October 2017

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  • Digital Economy Likely Tto Get Support In 2018 Budget
  • Khazanah Expects 2018 Budget to Boost Technology Development
  • MDEC, ADAX, Industry Players Introduce ‘Data Star’ Programme
  • MAHB Wooing Five Airlines to Fly To KLIA
  • Price increase of 0.5 per cent ends trend of house price decline in Singapore since 2013

MDEC: Digital Economy Likely to Get Support In 2018 Budget
The Malaysia Digital Economy Corporation (MDEC) expects the digital economy initiative to get support in the 2018 Budget. MDEC Chief Executive Officer, Datuk Yasmin Mahmood said the budget wish-list would most likely remain the same as last year with the main focus on digital economy. “Our leaders (government) are fully aware of the impact on the digital economy’s growth for the country. “Last year was evidence of the digital economy’s impact with multi-programmes, such as ‘eRezeki’, which left a great momentum,” she said. Datuk Yasmin added that last year the focus was on the start-up ecosystem and the momentum would continue for a couple more years.

Khazanah Expects 2018 Budget to Boost Technology Development
The Government investment arm, Khazanah Nasional Bhd, expects the 2018 Budget to have initiatives to promote the development of technology. Managing Director, Tan Sri Azman Mokhtar, said this was in line with the government’s aspiration for the Transformasi Nasional 2050 (TN50) plan, which strove to optimise the use of technology for future development. “TN50 is something the government is working on. Khazanah in also contributing to this process in looking to the future, where we want to use the best of technology, to produce better development for everyone,” he told reporters in Kuala Lumpur. He said to-date, Khazanah has invested US$1 billion in 25 technology companies globally after seeing huge potentials from its investment in Chinese online trading giant Alibaba.

MDEC, ADAX, Industry Players Introduce ‘Data Star’ Programme
The Malaysia Digital Economy Corporation (MDEC), ASEAN Data Analytics eXchange (ADAX) and industry players have joined hands to develop ‘Data Star’, a programme to fast track Malaysia’s goal of creating 20,000 data professionals by 2020. MDEC Chief Executive Officer, Datuk Yasmin Mahmood, said the programme was a testament to the unwavering commitment to develop a robust big data analytics (BDA) ecosystem, in line with Malaysia’s vision to position itself as a data-driven nation. “The country has so far produced 6,000 data professionals. We are confident of having 20,000 high-quality data professionals by 2020. “The unique initiatives under the Data Star programme will contribute significantly to this agenda,” said Yasmin. The programme, developed under a public-private partnership initiative, is a data science finishing school designed by MDEC and ADAX to fast track the development of world-class data professionals to meet the demand from the industries.

MAHB Wooing Five Airlines to Fly To KLIA
Malaysia Airports Holdings Bhd (MAHB) is in the midst of wooing five new airlines, a mix of full and budget carriers, to fly to the Kuala Lumpur International Airport (KLIA). If the efforts pay off, the new airlines would be joining KLIA’s operations next year, said Managing Director, Datuk Badlisham Ghazali. “I just came back from the World Routes 2017 conference in Barcelona, and (we are) talking to a few new airlines.” He added that MAHB had welcomed about eight new airlines this year. He said the company was anticipating a higher frequency volume for the overall system in Malaysia this year, while stating, the year-on-year growth target had been revised upward to 8.5 per cent from 6.5 per cent previously.

Price increase of 0.5 per cent ends trend of house price decline in Singapore since 2013
URA’s Q3 2017 Flash Estimates data shows that prices of private homes in Singapore rose by 0.5 per cent quarter-on-quarter (Q-o-Q), ending the price decline of 15 quarters since Q4 2013. CEO PropNex Realty, Mr Ismail Gafoor commented, “With the lowest price decline experienced in the previous quarter, this positive growth of 0.5 per cent in the 3rd quarter did not come as a surprise for many. We believe that the strong broadbased demand from all segments is set to continue.” Based on the positive sentiment in both primary and secondary markets and a sense of greater urgency by buyers and investors, Mr Ismail predicts that overall prices in 2017 might possibly increase to 1 per cent as compared to a decline -3.1 per cent in 2016.

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