Mida keeping to well-tested investment ecosystem formula
The Malaysian Investment Development Autority (MIDA) turns 50 this year. With a well-tested formula in attracting investments, MIDA CEO Datuk Azman Mahmud believes the existing ecosystem must be continued to attract investments. Over the last 40 to 50 years, MIDA has built the blocks for the electrical and electronics (E&E) industry and today, the sector stands proud as a major contributor to the manufacturing sector and also export receipts. “If we continue to develop that formula, we will be more successful in attracting investment in the future and, of course, in that line, we create high-quality jobs.” By ecosystem, Azman is not referring to the supply chain for industries only but also the broad infrastructure — ports, roads and highways which need to be improved and modernised to remain efficient. Datuk Azman added that industrial parks in the country will remain a critical part of the infrastructure.
EPF Investment Income Jumps 73.9 Per Cent to RM11.79 Billion In 1Q17
The Employees Provident Fund’s (EPF) investment income jumped nearly 74 per cent to RM11.79 billion in the first quarter ended March 31, 2017 (1Q17) from RM6.78 billion in the same quarter last year. Chief Executive Officer Datuk Shahril Ridza Ridzuan said the bullish performance was boosted by the significantly improved domestic and global markets in the quarter under review. The value of EPF investment assets increased 2.2 per cent to RM747.17 billion from Dec 31, 2016. Datuk Shahril Ridza said EPF’s overseas investment accounted for 29 per cent of its total investment asset and contributed 37 per cent to the total investment income in 1Q17.
Kuala Lumpur Convention Centre Wins Global Digital Infrastructure Award
The Kuala Lumpur Convention Centre was announced as the joint winner of the INCON Digital Infrastructure Award 2017 at the Worldwide Exhibition for Incentive Travel, Meetings & Events (IMEX) Frankfurt 2017 recently. The award recognises meeting venues that are consistently upgrading their digital backbone to meet the changing needs of clients. The Centre’s General Manager, Alan Pryor said “Information technology (IT) infrastructure is an essential component of meeting design and delivery. Clients require greater technology integration into their events and even more customisation.” According to the head of the award judging panel, Bob Heile, “Events turn into disasters when venues do not appreciate the importance of crucial background services like Wi-Fi connectivity. The Award offers an opportunity to showcase venues that have worked really hard to put in place excellent digital infrastructure which permits event planners to deliver even better meetings”.
Canadian Government aids Travel Gay Canada’s aim to lure more LGBTQ2 tourists
Bardish Chagger, Leader of the Government in the House of Commons as well as Minister of Small Business and Tourism said the Canadian Government would be supporting Travel Gay Canada in its objectives to lure in more LGBTQ2 travellers to Canada. She made the announcement during Tourism Week. Canada’s New Tourism Vision aims to offer support towards the development and promotion of the tourism of LGBTQ2. As a part of this important initiative, Travel Gay Canada has been offered up to about $100,000 over two years to make progress to the world and the market Canada to the entire world.