1. Government to implement reverse urbanisation in rural areas
  2. FIM records potential transaction value of RM410 million
  3. Homedec 2018 eyes sales of RM130 million
  4. Facebook brings Marketplace to Malaysia
  5. Guangzhou’s new airport terminal opens
  6. China and Japan jointly develop ‘albatross’ high-speed train, with a top speed of 500km/h

Government to implement reverse urbanisation in rural areas
The government will tweak its urban transformation efforts by taking a more holistic approach and changing the rural landscape by bringing urbanisation and improving infrastructural facilities. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said such approach and the transformation was to create balanced urbanisation in the area to ensure that the residents there were not left out of the mainstream of development.

FIM records potential transaction value of RM410 million
Franchise International Malaysia 2018 (FIM 2018) has recorded a potential transaction value of RM410 million, an increase of more than ten percent compared to the previous year. RM90 million of the total value was contributed by the Franchise In-Buying Mission (FIBM) program. MFA chairman Datuk Radzali Bin Hassan attributed the achievement to the franchise package offered by the 88 locals and international franchise companies. FIM 2018 saw the participation of international franchise companies from 11 countries including United States, Canada, United Kingdom, Japan, South Korea, China, Saudi Arabia, Thailand, Singapore, Australia and the Philippines. It attracted over 10,500 local and international visitors with a total number of 940 potential franchisees.

Homedec 2018 eyes sales of RM130 million
C.I.S Network Sdn Bhd, the organiser of Home Design and Interior Exhibition (Homedec), expects to rake in over RM130 million in sales during its 16th edition this year. Its President Datuk Vincent Lim said, “With the current economic situation, people tend to spend wisely. “So, if we can achieve RM130 million, it’s already considered good,” he told a press conference on the sidelines of the exhibition in Kuala Lumpur. Datuk Lim expects 30 per cent of the projected sales target to come from transactions in the kitchen and bath zones. Homedec 2018 kicked off today is expected to attract over 90,000 visitors.

Facebook brings Marketplace to Malaysia
Facebook today introduced the Marketplace feature in Malaysia and users will be able to discover, buy and sell goods through the social media platform. Director of product management at Facebook, Karandeep Anand said in a statement, “Already 700 million people buy and sell in groups on Facebook each month.” Marketplace allows users to list and browse items for sale and filter results by location, price and categories such as household, electronics and apparel. The feature allows buyers and sellers to communicate via the messaging function to make offers and work out transaction details, as Facebook does not facilitate the payment or delivery of items. With the addition of Malaysia and Indonesia, Marketplace is now available in 70 countries across the world.

Guangzhou’s new airport terminal opens
Guangzhou’s new US$2.7 billion airport terminal opened today, designed to handle 100 million passengers a year from southern China’s “Greater Bay Area” by 2025. A subway line connecting the city with the new terminal at Baiyun International Airport will also start operating. The bay area is China’s most developed region and the economic and business hub includes Hong Kong, Macau, Guangzhou, Shenzhen and Zhuhai. It is home to 66 million people and has an economy as big as South Korea’s. The China Civil Airports Association said passenger numbers in the region are expected to reach 223 million a year by 2020, up from around 175 million last year. It said the level of airport traffic would dwarf that of other bay areas such as Los Angeles, New York and Tokyo. Guangzhou’s growth in passenger volume last year was among that of the biggest six airports in the country, according to the operator.

China and Japan jointly develop ‘albatross’ high-speed train, with a top speed of 500km/h
China’s efforts to bring high-speed rail travel around the world look set to heat up as it jointly develops a robotic train with Japan that can run up to 500 kilometres per hour, which would make it one of the world’s fastest trains. Test runs and manufacturing of the first- and second-generation versions of the Aero Train have been conducted in Japan. The Aero Train’s indicative top speed of 500km/h would beat the Shanghai Maglev, which clocked in at 430km/h. Initial plans would have Japan launch the world’s first Aero Train line in 2025. Once commercially deployed, the Aero Train can cut travelling time between Tokyo and Osaka to an hour from the current schedule of two hours and 30 minutes on the Nozomi Shinkansen, the fastest of the three types of Japanese bullet trains.