Malaysian and Indian SMEs Sign Four Agreements
- Malaysian and Indian SMEs Sign Four Agreements
- MATRADE Eyes Over 1,000 Participants For Export Day 2018
- MIDA Approves 270 Projects Worth RM13 bln Under DISF
- Singapore’s Space and Technology Association to launch accelerator for start-ups
- Jakarta among top 10 in digital environment business confidence
Malaysian and Indian small and medium enterprises (SMEs) have signed four memorandums of understanding (MOUs) in New Delhi to enhance cooperation. Minister of Trade and Industry, Datuk Seri Mustapa Mohamed, and India’s Small Medium and Medium Enterprise Minister Giriraj Singh, witnessed the signing of the MOUs. The first MOU involved an agreement between SME Corp Malaysia and India’s National Small Industries Corp India to enhance cooperation in SME development efforts in both countries and to improve their competitiveness in the international market. “The second MOU, between Malamega Ltd (Malaysia) and Puspathy Enclave Pvt Ltd, which is valued at US$20 million, aims to explore the search and supply of fossil fuels, renewable green energy development and joint ventures for coal and other fuel trading, The third MOU, between JS Rezeki Bumi Maju Sdn Bhd and Software Technologies Pvt Ltd and worth US$5 million, aimed to provide automation services based on artificial intelligence for the Immigration Department of Malaysia. The fourth MOU between Orchid Life Sdn Bhd and Vimta Labs Ltd (India) and valued at US$960,000 involved clinical and clinical pre-clinical studies on Kacip Fatimah extract for anti-obesity use.
MATRADE Eyes Over 1,000 Participants For Export Day 2018
The Malaysia External Trade Development Corporation (MATRADE) is confident of drawing over 1,000 participants to its one-day forum – Export Day 2018 on 30 January. MATRADE Deputy Chief Executive Officer II, Sharimahton Mat Saleh said so far, more than 700 participants comprising companies and individual traders had signed up for the event. “In conjunction with MATRADE’s 25th anniversary, the Export Day aims at celebrating 2017 as a good year for exports for Malaysia. “It also provides us an opportunity to offer recognition to companies which had contributed to the country’s exports last year,” she told a media briefing in Kuala Lumpur. Malaysia’s total trade value rose 20.8 per cent year-on-year to RM1.622 trillion for the first 11 months in 2017, with exports surging by 20.4 per cent to RM856.05 billion.
MIDA Approves 270 Projects Worth RM13 bln Under DISF
The Malaysian Investment Development Authority (MIDA) has approved 270 projects under its Domestic Investment Strategic Fund (DISF) initiative with total investments of RM13 billion as at December 2017. DISF was set up to accelerate the shift of Malaysian-owned companies in targeted industries to high value-added, high-technology, knowledge-intensive and innovation-based industries.
electrical and electronics, machinery and equipment, rubber products, and fabricated metal products,” he said in his welcoming remarks at an Invest Series event, today.
Singapore’s Space and Technology Association to launch accelerator for start-ups
Singapore Space and Technology Association (SSTA) plans to launch a 6-month accelerator programme for space start-ups looking to make an impact in the US$350bn global space market. The accelerator will be the first in Asia to offer space sector start-ups full comprehensive end-to-end support, providing a full suite of services to take fledgling astropreneurs from concept to product launch. Set to launch in Q2 of this year, the programme will be opened to local and foreign space start-ups, looking to establish a presence in Asia, drawing on SSTA’s strong space industry network to provide crucial mentoring, partnerships and collaborative opportunities with key space stakeholders from concept to hardware development, scalable product manufacturing to market analysis and customer segmentation.
Jakarta among top 10 in digital environment business confidence: EIU report
London-based media company, The Economist Intelligence Unit (EIU) has released the results of a global research project entitled Connecting Commerce commissioned by Australian-based telecommunications and technology organisation Telstra. The report assessed the confidence of business executives in their city’s environment and its conduciveness to supporting the digital ambitions of companies. This report ranks Jakarta eighth out of 45 cities for overall business confidence. The report includes the first ever Digital Cities Barometer, a ranking of 45 cities around the world across five key categories relevant to business performance: innovation and entrepreneurship; the financial environment; people and skills; development of new technologies; and ICT infrastructure. Of the top 10 cities for overall confidence, seven are from developing Asian countries including Bangalore, Mumbai, New Delhi, Beijing, Manila and Shanghai. Conversely, lower confidence was recorded in developed cities such as Hong Kong and Tokyo.