Headlines:
  1. RM7.4 mln business registration grants for students up for grabs – SSM
  2. Legoland Malaysia sees India and Middle East as potential growth market
  3. US, Italy, Switzerland, Germany confirm participation in DSA 2020
  4. S. Korea to begin 5G service in March
  5. Indonesia seeks multi-billion S. Korea trade deal by November
RM7.4 mln business registration grants for students up for grabs – SSM The Companies Commission of Malaysia (SSM) said a total of RM7.4 million in grants for the registration of 143,000 businesses for free under the One Student One Business Scheme are still available. SSM deputy chief executive officer (corporate services) Nor Azimah Abd Aziz said the allocation was part of the RM10 million grants allocated under the scheme, which was launched in January 2017. She said application for the scheme was open to full-time students from public or private institutions of higher learning, technical schools and vocational colleges aged 18 years who were running their own business. Legoland Malaysia sees India and Middle East as potential growth market Legoland Malaysia Resort (pic) is looking to expand its visitors base and sees India and the Middle East as potential growth markets. General Manager Kurt Stocks said this is due to the good number of tourist arrivals into Malaysia from those countries. “Arrival (from India and the Middle East) into Malaysia is very good and they are very familiar with the Klang Valley, Penang and Langkawi but they are not really venturing out into Johor. “So, we are creating programmes tapping into a new market like India and the Middle East because those are the potential growth market,” he told reporters. He added that currently, the theme park has a very good number of visitors from Malaysia, Singapore, China, Indonesia, Australia, Thailand, Taiwan, Philippines and Korea. Meanwhile Legoland Malaysia would be opening the Sea Life, an interactive aquarium featuring 13,000 marine life from 120 species, said Stocks. The introduction of the Sea Life he said, is expected to steer the company into growth path after a flattish performance last year. However, he declined to reveal the figure for last year. US, Italy, Switzerland, Germany confirm participation in DSA 2020 Asia’s largest and leading defence and security exhibition, Defence Services Asia (DSA) 2020, is on track for another stellar showing with a high profile showcase of cutting-edge defence and security technology and services from around the world. Scheduled for April 20-23, 2020 at the Malaysia International Trade and Exhibition Centre, DSA 2020 and the National Security Asia (NATSEC Asia) 2020 has already received an overwhelming response from the United States, Italy, Switzerland and Germany. During the recent International Defence Exhibition and Conference 2019 (IDEX) in Abu Dhabi, Chief of Army General Datuk Seri Panglima Ahmad Hasbullah Mohd Nawawi witnessed the signing of participation contracts from the four countries, as well as four independent participants at the DSA 2020 booth. S. Korea to begin 5G service in March South Korea’s finance minister said Seoul will become the first country in the world to start commercial operations of fifth-generation mobile network services next month. Hong Nam-ki made the announcement at a meeting with senior officials on innovation-led growth in Seoul. KT Corp., South Korea’s leading wireless and fixed-line services provider, carried out a world first trial service of its 5G system during the PyeongChang Winter Olympics last year. 5G data transmission speeds are 40-50 times faster than the existing 4G network or long-term evolution and are expected to open a wide range of new business opportunities for the communication service sector. The system, moreover, allows greater numbers of people to communicate with each other at the same time and promises to open vast markets for devices and services. The finance minister also said KT and two other local competitors — SK Telecom Co. and LG Uplus Inc. — will invest some 3 trillion won ($2.6 billion) this year to set up seamless 5G connectivity in the country going forward. Indonesia seeks multi-billion S. Korea trade deal by November Indonesia aims to sign a long-stalled free trade deal with South Korea by November in a move that could boost two-way trade by billions of dollars, its trade ministry said. The deal would help to unlock vast natural resource exports including coal, copper, tin, rubber and pulp exports from Indonesia to wealthy South Korea, but negotiations have been on hold since 2014 due to technical disagreements. Trade ministry spokesman Fajarini Puntodewi said Indonesia aims to finalise the agreement at the Korea-Asean summit in November. Trade minister Enggartiasto Lukita and his South Korean counterpart Hyun Chong Kim agreed to resume negotiations during bilateral talks in Jakarta yesterday. Bilateral trade was valued at US$20 billion in 2018 but that figure could increase to US$30 billion by 2022, according to Indonesia’s trade ministry.