Editor’s Picks: 21 September 2017

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  • MITI Expects SMEs to Grasp Industry 4.0 Concept By Year-end
  • July Leading Index Up 0.2 Pct To 118.1.
  • Langkawi In Talks With Sabah, Sarawak To Lure More European Tourists
  • DHL doubles airfreight capacities to support fast growing Norwegian seafood exports to Asia
  • Thailand pivots Digital Strategies and Seeks to Grow Tech Sector with an impact on GDP

MITI Expects SMEs to Grasp Industry 4.0 Concept By Year-end
The Ministry of International Trade and Industry (MITI) is targeting the small and medium enterprises (SMEs) to grasp the Industry 4.0 concept latest by the end of this year. Deputy Minister Datuk Ahmad Maslan said this was in line with the government’s aspiration to start applying the elements contained in Industry 4.0 to the industry players next year. “The level of understanding by the SMEs on Industry 4.0 is still low currently which is why its implementation is also low. We hope the infrastructure towards Industry 4.0 could be provided by the industry players next year. “Hence, the government through MITI will organise various seminars to explain on the importance of Industry 4.0 to all entrepreneurs especially the SMEs in the country so that they would not be left behind and are capable of competing at the global level,” he said.

July Leading Index Up 0.2 Pct To 118.1.
The Leading Index (LI), which monitors the economic performance in advance, rose 0.2 per cent to 118.1 points in July 2017 compared to 117.8 points in June. The components contributing to the increase were expected sales value in the manufacturing sector (0.3 per cent) and real imports of semi-conductors (0.2 per cent), said the Department of Statistics Malaysia. The annual change of LI improved to 2.7 per cent in July 2017 from 0.6 per cent in June, while the Coincident Index (CI), which measured the current economic activity, rose 0.9 per cent in the reference month, it said. The department said five of the six CI components recorded positive growth led by capacity utilisation in the manufacturing sector (0.4 per cent), total employment in the manufacturing sector (0.3 per cent) and real salaries and wages in the manufacturing sector (0.3 per cent). The annual change of CI indicated an increase of 5.4 per cent in the reference month, the highest in 2017, while gross domestic product at constant price improved to 5.8 per cent in the second quarter of 2017 from 5.6 per cent in the previous quarter, it said.

LADA In Talks With Sabah, Sarawak Tourism Boards To Lure More European Tourists
The Langkawi Development Authority (LADA) has discussed with the tourism boards of Sabah and Sarawak to create comprehensive packages to lure more tourists, especially from Europe, to the island and two states. LADA Chief Executive Officer, Datuk Azizan Noordin said the three parties had principally agreed to form a firmer collaboration to complement each other’s tourism strengths via joint promotions and packages. “Sarawak has the Mulu and Niah Caves, among others, which are unique products, and Langkawi, with its island tourism concept. These can be integrated to attract tourists,” he said.

DHL doubles airfreight capacities to support fast growing Norwegian seafood exports to Asia

DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, expanded its airfreight capacities in Norway in response to rapidly growing demand in Asia for high-quality seafood exports. Starting from today DHL will double its flight frequency by deploying a dedicated Boeing 747-400 cargo plane that ships seafood from Oslo to Seoul and Shanghai twice a week. Furthermore the new solution will also increase the operational efficiency on DHL’s transpacific trade lane by performing around-the-world flights. “Demand for high-quality imported seafood continues to swell in Asia: South Korea’s seafood imports rose in 2016 for the third year in a row, and China may soon become the world’s largest seafood importer due to rising domestic appetites said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.

Thailand pivots Digital Strategies and Seeks to Grow Tech Sector with an impact on GDP
Thailand is rolling out a digitally-fuelled effort to enhance its economy and boost competitiveness. The current aim for the nation is to become Southeast Asia’s leader for all things digital. The Ministry for Digital Economy and Society is striving to make this happen through its Thailand 4.0 plan. Thailand 4.0 includes national investments in digital infrastructure, regulatory changes to support innovation and building networks of innovators within Thailand and across borders. The desired result is for Thailand to become the go-to destination for entrepreneurs from the world’s innovation hubs to target Southeast Asia’s highly populated, fast-growing economies. Thailand is seeking to generate 25 percent of GDP through the digital technology industry by 2027. Thailand is also in the process of building a project known as Digital Park, which will span nearly 280 acres in Chonburi province and will be a hub for a variety of start-ups, the IoT industry as well as the base for Thailand’s smart city initiatives.

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