• REHDA Optimistic of Property Sector for 2018
  • CPI Rises 3.7 % In August 2017
  • MyWIN-PlatCOM MoU To Boost Innovation Entrepreneurship Among Women
  • Celcom Axiata Launches KidSafe, #parentsunite Campaign
  • Worldremit Launches Digital Money Transfers In Malaysia
  • Infinium rolls out World’s first autonomous indoor stock-taking drone system
  • Apple’s Co-Founder to Speak of Disruptive Change at World Islamic Economic Forum
  • MAS Sets Up International Advisory Panel for Cyber Security

Rehda Optimistic of Property Sector Outlook for H1 2018
The Real Estate and Housing Developers’ Association (Rehda) is optimistic of Malaysia’s property sector outlook in the first half of 2018 (H1 2018) in tandem with the improvements in the country’s economic conditions. Its President, Datuk Seri FD Iskandar, said the optimism was also based on forecasts of a stronger gross domestic product growth by Bank Negara Malaysia and economists. “Besides, more people are seen having more stable jobs and they are more confident of retaining them as compared to a couple of years ago,” he told a media briefing on the property industry survey for H1 2017 and market outlook for second half (H2) of 2017 and H1 2018 in Kuala Lumpur. The survey showed that for consumer’s purchasing power segment, 17 per cent of respondents expressed optimism on the segment’s outlook in H1 2018 as compared with nine per cent for H2 2017. On property market performance, 26 per cent of respondents were optimistic over the property segment outlook for H1 2018 against eight per cent for H2 2017.

CPI Rises 3.7 % In August 2017
Malaysia’s consumer price index (CPI), which measures headline inflation, rose 3.7 per cent to 119.9 on a year-on-year (y-o-y) basis in August 2017, from 115.6 previously. In a statement today, the Statistics Department said several major indices had recorded increases, including food and non-alcoholic beverages (+4.3 per cent), restaurants and hotels (+2.8 per cent), health (+2.7 per cent), furnishings, household equipment and routine household maintenance (+2.7 per cent) and housing, water, electricity, gas & other fuels (+2.4 per cent). Meanwhile, the transport group index showed a significant increase of 11.7 per cent on a year-on-year basis in August 2017, after rising 7.7 per cent in July 2017.

MyWIN-PlatCOM MoU To Boost Innovation Entrepreneurship Among Women
MyWIN Academy has signed a memorandum of understanding (MOU) with PlaTCOM Ventures Sdn Bhd, a wholly-owned unit of Agensi Inovasi Malaysia (AIM), to boost innovation entrepreneurship among women. Under the MOU, both parties would provide necessary expertise, manpower and information, including sharing of technology, as well as facilitating positive business outcomes. AIM Chief Executive Officer, Naser Jaafar, said for starters, 20 out of 366 women entrepreneurs who participated in the MyWIN programme – Performance. Empowerment. Acceleration. Knowledge. – would be presenting their ideas to PlaTCOM. Meanwhile, MyWIN Chairman, Tan Sri Shahrizat Abdul Jalil, said the collaboration would provide more opportunities for MyWIN alumni to become entrepreneurs in their respective business fields.

Celcom Axiata Launches KidSafe, #parentsunite Campaign
Celcom Axiata Bhd has launched KidSafe, a parental control service in line with its #parentsunite For Online Safety campaign. Its Chief Marketing Officer, Zalman Aefendy Zainal Abidin, said Kidsafe was an innovative mobile application (app), which act as a basic Internet-filtering service. The app was developed by its technology partner, Access Motion Sdn Bhd, exclusively for Celcom subscribers to safeguard their children when they go online. “The mobile application currently works on Android devices and will be available for other platforms soon,” he said after the launch of the campaign today. Zalman Aefendy said Celcom’s postpaid and prepaid customers could subscribe to KidSafe at an annual fee of RM95.99.

Worldremit Launches Digital Money Transfers In Malaysia
London-based digital money transfer company, WorldRemit, has launched in Malaysia. The company’s presence will enable the transfer of money to over 140 countries as easily as sending an instant message, using the WorldRemit application or website. In a statement today, WorldRemit said it was accepted as one of only four initial entrants into Bank Negara Malaysia’s Financial Technology Regulatory Sandbox in June, alongside the appointment of Ridzuan Aziz, with experience in compliance advisory and fintech, as Country Director. WorldRemit said the digital, mobile-first model significantly improves security and compliance standards. “It also eliminates the need for the sender to visit a bricks and mortar agent, which can be inconvenient and time consuming,” it added…..

Infinium rolls out World’s first autonomous indoor stock-taking drone system
Infinium Robotics, an award-winning robotics start-up that develops autonomous solutions in Unmanned Aerial Systems (UAS), is developing Infinium Scan to help companies make a leap in operations productivity, improve customer experience and reduce cost. Specifically designed to solve slow stock checking turnover in a warehouse environment, Infinium Scan’s fully autonomous drone solution enables businesses to achieve intraday stock resolution. The lack of external intervention in the system further reduces incidence of pilferage. This solution allows the stock-taking procedure to be run in a safe, accurate, and efficient manner.

Steve Wozniak, Apple’s Co-Founder to Speak of Disruptive Change at World Islamic Economic Forum
Steve Wozniak, Apple Inc. co-founder will speak at the Face to Face session during the 13th World Islamic Economic Forum (WIEF) in Sarawak in November. Wozniak will join other speakers including the Prime Minister of Malaysia, Chief Minister of Sarawak, President of the Republic of Tatarstan, President of the Republic of Seychelles, President of the Union of Comoros and the President of the Islamic Development Bank. “The effects of disruption have rippled through every aspect of modern civilisation – just look at how personal computing has fundamentally transformed everything from the economy to how society functions from the ground up,” said Steve Wozniak.

MAS Sets Up International Advisory Panel for Cyber Security

The Monetary Authority of Singapore (MAS) has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector. Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices in cyber security strategies. The inaugural meeting will be held in October 2017. Mr Ravi Menon, Managing Director of MAS said, “As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cyber security is critical to sustaining trust and confidence. We look forward to tapping on the CSAP’s expertise to help ensure that Singapore’s financial sector remains dynamic and secure in an increasingly digital world.”