1. MITI Minister concludes successful trade and investment mission to Mumbai
  2. Invest In Tourism Sector, Cuba Urges Malaysian Businesses
  3. Maybank In Discussions To Open A Branch In India
  4. Online Jobs Registers Strong Growth of 9.6% Across All Sectors in Singapore
  5. New Google Street View cars hit the road in Singapore
  6. Auto industry will drive Japan’s near-term economic growth
  7. UNIQLO to Open First Roadside-Type Store in Thailand

Invest In Tourism Sector, Cuba Urges Malaysian Businesses

Cuba has urged Malaysian businessmen to venture into its tourism industry by building hotels in the country. Its Ambassador to Malaysia, Ibete Fernandez Hernandez , said the businesses could build hotels or look at the hotels that needed improvements. “They can also get a management contract and start their businesses. Several Singaporean companies have taken the opportunity to set up hotels in the country,” she told Bernama at the country’s National Day celebration in Kuala Lumpur. On the possibility of establishing direct flights between Havana and Kuala Lumpur, Hernandez said, Cuba could be the entry point for Malaysians venturing into Latin America and the Caribbean.

Maybank In Discussions to Open a Branch In India

Malayan Banking Bhd. (Maybank) is finalising negotiations with the authorities in India to open its own branch in the country. Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said currently, Maybank has been operating in India through its subsidiary, Bank Internasional Indonesia (BII) in Mumbai since 2013. Datuk Seri Mustapa concluded a trade and investment mission to Mumbai today.  In conjunction with the mission, a roundtable meeting was held involving 60 key Indian investors and importers from 45 companies in Mumbai. They have expressed their interest to explore further business opportunities in Malaysia especially in the areas of pharmaceutical, textile, food processing, petrochemical and digital economy. The International Monetary Fund has projected India, with a GDP of USD2.3 trillion and population of 1.3 billion, to be the fastest growing economy in the world at least for the next two years. Its real GDP growth is expected to average at 7.5% until 2022 – driven by the expansion of its formal economy and increase in public infrastructure spending. Datu Seri Mustapa said the mission to Mumbai is imperative to maintain Malaysia’s strong profile in India as well as to continuously showcase Malaysia’s economic success. He added that Indian companies are bullish to explore further opportunities in Malaysia.

Strong 4Q Year-Over-Year Growth of 9.6% in Online Jobs Across All Sectors in Singapore

JobTech’s Online Jobs Census, covering all sectors in Singapore, shows 4Q2017 recording a strong year-over-year growth of 9.6% in the number of online jobs, as compared to the same period a year ago. Key driving sectors of this strong recovery in number of online jobs include Banking & Finance, Healthcare, Logistics, Real Estate and Retail & Wholesale. These leading recovery sectors collectively added close to 2,000 more online jobs into the market as compared to 4Q2016. The Healthcare sector posted the most number of jobs for 4Q2017 across the recovery sectors, but Banking & Finance showed the highest growth rate with approximately 700 more jobs than the same period last year, which is equivalent to more than 35% year-over-year growth for the sector.

New Google Street View cars hit the road

Singapore is the first Southeast Asian country to have a Street View refresh using Google’s latest camera technology, says Google executive Cynthia Wei in an exclusive interview with Channel NewsAsia. The tech giant’s Street View product was introduced to the country in 2009 and, since then, there’s been yearly refreshes to capture the changes in the city’s landscape. But the focus is on areas where “changes happens frequently” such as the Central Business District, particularly the area where Marina Bay Financial Centre is currently, she added. Besides the more compact camera set-up, Google’s juiced-up Street View cars also come with Light Detection and Ranging (LIDAR) sensors, which Ms Wei said allows them to better place the imagery these cars capture during the post-production phase. There are also side-facing cameras, allowing the vehicles to capture street-level storefront data, she added.

Auto industry will drive Japan’s near-term economic growth, DHL trade data suggests

The strength of the automotive industry will play a major role in Japan’s continued trade growth, say the findings of the Global Trade Barometer released today by DHL, the world’s leading logistics company. The first ever Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence, Big Data and predictive analytics predicts that Japan’s near-term trade growth will remain positive, albeit less than recent months due to an expected slowdown in global automotive demand. The Barometer found that land vehicles and their parts, along with industrial raw materials, continue to have the greatest impact on Japan’s growth trajectory, with both sectors expected to continue growing, although at slightly lower rates, in the first three months of 2018.

“The results of the DHL Global Trade Barometer justify cautious optimism for Japan’s short-term economic prospects, in line with industrial output showing recent signs of positivity and Japan’s overall GDP continues to grow,” said Charles Kaufmann, President/Representative Director — Japan K.K, CEO, North Asia, Head of Value Added Services — Asia Pacific, DHL Global Forwarding. The impact of the automotive industry will be felt most keenly in Japan’s air trade, which is expected to slow slightly — yet remain strongly positive — as a direct result of weaker automotive demand. However, the Barometer suggests that air freight’s growth will continue to significantly outpace that of ocean freight, which remains stable thanks to sustained imports of commodities and industrial materials.

UNIQLO to Open First Roadside-Type Store in Thailand

UNIQLO will introduce a new type of store – its popular roadside store model–to Southeast Asia, with the first store of the region to be launched in east Bangkok in March this year. UNIQLO Phatthanakan roadside store will provide a brand new, world-class shopping experience for customers in Thailand with the new format. A UNIQLO roadside-type store usually features ample parking space for customers, and becomes the center point of its community through considerate, localized store design. Historically, roadside-type stores have played a very important role in UNIQLO’s growth throughout Japan, and the model has also been very successful outside Japan, including Korea and Taiwan.