• Japan to offer participation of local companies if bid for HSR successful
  • MIDA Frankfurt Sees Malaysia As World-class Profit Centre
  • AFEIE 2018, Gateway for Middle East Companies Into Malaysia
  • Asia’s First US Dollar Shariah ETF To Be Listed on Bursa
  • Malaysia Airlines Starts KL-Heathrow A350 Flight
  • DingTalk for Malaysian SMEs
  • Worldwide PC shipments declined 2.8% in 2017
  • PUB Drives Innovations for Water Sustainability with S$30 million grant

Japan HSR Equity Offer to Malaysia, Singapore Companies
Japanese companies will offer a substantial equity participation to local partners and establish in various areas, in the event of a successful bid for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. Japanese Ambassador to Malaysia, Dr Makio Miyagawa (pic) said it would also trigger a boom for Malaysian and Singaporean companies, including small and medium enterprises. “The setting up of a railway such as the HSR will open a window for massive local participation, especially in the construction of large-scale infrastructure buildings.

MIDA Frankfurt Sees Malaysia As World-class Profit Centre
The Malaysian Investment Development Authority (MIDA)’s office in Frankfurt is making a strong pitch to project Malaysia as a world-class profit centre. Its Director, Yusni Hasnan Chu, said Malaysia has all the attributes of a strategic manufacturing hub with a fine distribution network in the region. MIDA Frankfurt’s jurisdiction covers Germany, Belgium, Luxembourg and the Netherlands. According to Yusni, foreign direct investment (FDI) for projects approved from his jurisdiction amounted to RM 4.8 billion in 2017, with Germany and the Netherlands the biggest FDI providers.

AFEIE 2018, Gateway for Middle East Companies Into Malaysia
Kuala Lumpur will host the Arabic Annual Forum And Exhibition on Investment and Entrepreneurship (AFEIE 2018) which will serve as the gateway for Middle East companies to expand their businesses in Malaysia. Malaysia-Middle East Chamber of Commerce and Industries (MyMec) Chairman Datuk Fathulbari Mat Jahya said 50 companies from various sectors in Saudi Arabia, Egypt, the United Arab Emirates, Kuwait, Oman and Yemen have confirmed their participation.

Asia’s First US Dollar Shariah ETF To Be Listed on Bursa
Asia’s first US dollar denominated Shariah-compliant exchange traded fund (ETF) will be listed on the Main Market of Bursa Malaysia on 28 February. The MyETF Dow Jones US Titans 50 (MyETF-US50) would provide investment results that closely correspond to the performance of its benchmark Index, the Dow Jones Islamic Market US Titan, said i-VCAP Management Sdn Bhd (i-VCAP) Chief Executive Officer Khairi Shahrin Arief Baki. “The benchmark Index consists of the 50 largest Shariah-compliant US companies by float-adjusted market capitalisation. “Among the US blue-chip companies are Apple Inc, Microsoft Corp, Facebook Inc, Johnson & Johnson, Exxon Mobil Corp, Chevron Corp, Procter & Gamble and Home Depot Inc,” he told a press conference in Kuala Lumpur.

Malaysia Airlines Starts KL-Heathrow A350 Flight
Malaysia Airlines today commenced its inaugural A350-900 service from Kuala Lumpur to London. MH4 departed the KLIA at 9.15 am. The latest addition to the Malaysia Airlines fleet, the A350 has a total capacity of 286 seats of four in first class, 35 in business class and 247 in economy class. The aircraft is equipped with Malaysia Airlines’ latest cabin products, including more spacious seats in the economy class, an all-new inflight entertainment experience and in- flight connectivity.

DingTalk for Malaysian SMEs
DingTalk, Alibaba Group’s proprietary enterprise communication and collaboration platform, today announced the launch of DingTalk in English to enhance communications and redefine collaborations for businesses and small and medium-sized enterprises. Over 5 million enterprises and organizations in China are already using the Chinese version. Hugo Zhu, Chief Technology Officer of DingTalk said, “Malaysia is the first market that DingTalk is venturing into where our focus is very much on building the necessary support foundation for enterprises who aim to step-change their business communications. The English version of the application will pave the way for Malaysian SMEs towards a more secure, efficient business environment.” DingTalk provides SMEs with a simple, efficient and secure platform for collaboration. “By making Malaysia the first overseas market of DingTalk, we hope to work collaboratively with SME partners here in encouraging them to digitalise their business and succeed in the new era, which is in line with our eWTP (Electronic World Trade Platform) vision to provide the right tools and technology to enhance businesses in the country.” Currently, DingTalk serves businesses across sectors such as e-commerce, manufacturing, education and finance, providing them with a growing slate of business-centric functions.

Worldwide PC shipments declined 2.8% in 2017
Worldwide PC shipments totalled 71.6 million units in the fourth quarter of 2017, a 2% decline from the fourth quarter of 2016, according to preliminary results by Gartner, Inc. For the year, 2017 PC shipments surpassed 262.5 million units, a 2.8% decline from 2016. It was the 13th consecutive quarter of declining global PC shipments, as well as the sixth year of annual declines. However, Gartner analysts said there were some signs for optimism. “In the fourth quarter of 2017, there was PC shipment growth in Asia/Pacific, Japan and Latin America. There was only a moderate shipment decline in EMEA,” said Mikako Kitagawa, principal analyst at Gartner. “However, the US market saw a steep decline, which offset the generally positive results in other regions. “The fourth quarter results confirmed again that PCs are no longer popular holiday gift items,” Kitagawa said.

PUB Drives Innovations for Water Sustainability with S$30 million grant
In continuing to cultivate R&D, Singapore’s National Water Agency PUB, has launched three Requests for Proposals (RFPs) to invite industry technology providers and researchers to develop solutions that will improve the effectiveness of water treatment processes and operations, and ensure water sustainability. Water demand in the republic is expected to double by 2060. The first RFP targets specific technologies in enhancing energy efficiency of the water and used water treatment process. The second RFP aims to enhance water efficiency in industries through water recycling or reducing water consumption. The third RFP looks at enhancing operational efficiency by leveraging on smart technologies such as robotics, drones, automation, data analytics and informatics, and video analytics, to minimise manpower required in operations and maintenance. $30mil has been allocated for the 3 RFPs. The RFPs are part of the Research, Innovation and Enterprise (RIE) 2020 Plan under the Competitive Research Programme (Water).