• MATRADE to Get More SMEs to Join Digital Free Trade Zone
  • Malaysia Airports Offers Alipay Service For Chinese Tourists
  • Malaysia, China to Strengthen Security Cooperation
  • MyHSR, LTA Appoints Infracos for HSR Infrastructure Development and Operations
  • Grocery Sales Of 11street Malaysia Surges 158 %
  • ACCA and i2M Ventures Seals Partnership to Create Ready Pool of GBS Talents for Investors in Iskandar Puteri
  • Singapore Maintains Robust Pipeline of Business Events

Malaysian SMEs Urged To Join DFTZ To Expand Business
Malaysian small and medium enterprises (SMEs) are encouraged to join the Digital Free Trade Zone (DFTZ) which provides a platform for them to expand their business. Malaysia External Trade Development Corporation (MATRADE) Northern Regional Director, Sharifah Nazreen Farhana Syed Marzuki said the corporation was working closely with various government agencies to recruit more SMEs on board. She said together with SME Corporation Malaysia, MATRADE was targeting 1,500 local SMEs to take advantage of the DFTZ duty free zone to export their products through the Alibaba platform. “We will work together in identifying companies that are ready to not only export products, but also provide services through the Alibaba platform as we believe this is a golden opportunity the SMEs to expand their business globally,” she told reporters in Seberang Jaya. She added that MATRADE was offering RM5,000 incentive for SMEs with export capabilities to join the DFTZ and currently, about 800 SMEs have already registered.

Malaysia Airports to Offer Alipay Service For Chinese Tourists
Malaysia Airports Holdings Bhd (MAHB) has partnered China’s Ant Financial Services Group to offer the Alipay service for Chinese tourists travelling to Malaysia. MAHB Managing Director, Datuk Badlisham Ghazali, said Malaysia Airports hoped to created awareness, boost interest and also strengthen its brand positioning among Chinese travellers through the partnership. “We are continuously looking to enhance the airport experience for all our customers. Thus, to embark on the Alipay cashless payment platform is a major step taken by Malaysia Airports to embrace the future of retail and food and beverages transactions at the airports,” he said. To date, 55.8 per cent and 56.7 per cent of outlets at the Kuala Lumpur International Airport (KLIA) and Kuala Lumpur International Airport 2 (klia2) terminals respectively, are transacting via Alipay. “So far, we have seen a 25 per cent increase in sales from overall Alipay transactions at both terminals and during shopping campaign periods, sales can increase further by 35 per cent to 40 per cent,” Badlisham said.

Strengthening Malaysia-China Security Cooperation
China’s super-fast advanced scanner, that can identify illicit items inside a moving vessel in an instant, will make its debut at Malaysia’s entry checkpoints soon. The intelligent machine was developed by the Public Security Ministry of China and it is used at the country’s airports and ports. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pic), said “China has agreed in principle on the matter.” He said acquisition of the highly sophisticated scanners was part of the Home Ministry’s initiatives to upgrade the nation’s scanning capability to combat international trans-border crime more effectively. Other than scanners, China also agreed to provide some equipment to Malaysia’s Counter- Messaging Centre, which is mainly focused on tracking online terrorism messages.

MyHSR, LTA Appoints Infracos for HSR Infrastructure Development and Operations
MyHSR Corporation Sdn Bhd and Singapore’s Land Transport Authority (LTA) have appointed infrastructure companies (InfraCos) to design, build, finance and maintain the civil infrastructure and operate the Kuala Lumpur – Singapore High Speed Rail (HSR) stations within their respective territories. In a joint statement today, MyHSR and LTA said that InfraCos would pay the assets company (AssetsCo) an availability payment, which covers the capital expenditure and cost of operations, maintenance and renewal of HSR assets, excluding rolling stock and equipment at the depot and stabling facilities.

Grocery Sales Of 11street Malaysia Surges 158 % Year-on-Year from January-August 2017
Grocery sales of 11street Malaysia surged by 158 per cent year-on-year in the first eight months of the year, signalling a change in the country’s online shopping behaviour. Chief Operating Officer, Chuljin Yoon said the top five most purchased grocery products identified in the country were chocolate malt powder, milk powder, diapers, soft drinks, and grains. “The Malaysian online shopping behaviour has changed drastically over the year, from purchasing lifestyle, electronic and beauty products, to now include fast moving consumer goods and groceries,” he added. He said in addition, the trend in fresh produce delivery had also become prevalent through the rise of many grocery delivery start-ups. “We foresee potential in the Malaysian market to advance in the grocery shopping revolution.

ACCA and i2M Ventures Seals Partnership to Create Ready Pool of GBS Talents for Investors in Iskandar Puteri
ACCA (the Association of Chartered Certified Accountants) and i2M Ventures recently signed a Strategic Partnership to officially seal a collaboration between both parties to create a ready pool of GBS-skilled talents equipped with Global Business Services (GBS) Qualifications and expertise amongst final year students in institutions of higher learning and to promote Iskandar Puteri as a hub for Global Business Services. The partnership involves a sponsorship of up to 300 ACCA GBS Diploma by i2M Ventures to nurture talents in support of the growing GBS investment in Iskandar Puteri. The Global Business Services (GBS) sector in Malaysia is expected to grow between 10% and 15% over the next three years, with more companies strive to run their businesses more effectively and efficiently. To-date, GBS ISKANDAR has secured over 3,873 professional jobs within the sector while successfully attracting over RM1.7 billion (US$315 million) in committed investments with the latest addition being KPMG PLT, one of the big four professional services firm providing audit, tax and advisory services.

Singapore Maintains Robust Pipeline of Business Events
Singapore has successfully secured eight large congresses and tradeshows in the first half of this year. These are estimated to bring in an additional 20,000 visitors to the city and further augment its current strong line-up of business events. From world congresses to regional exhibitions and conferences, most of these events will be taking place for the first time in Southeast Asia or Asia, further cementing Singapore’s position as one of the world’s top business events destination. Said Ms Melissa Ow, Deputy Chief Executive, Singapore Tourism Board, “These event wins attest to Singapore’s strength as a trusted partner to deliver event success. Beyond our infrastructure and empowering business environment, Singapore’s attractiveness as a business events destination is bolstered by our distinctive multi-cultural lifestyle experiences and the dedication and support of our local associations and industry partners. We look forward to welcoming more event owners and business travellers to Singapore to network, collaborate, and grow their business events to new heights.”