Highlights:

  1. DRB-Hicom studying Proton-Indonesia joint venture
  2. Selangor identifies Port Klang as ideal location for next DFTZ
  3. Taiwan shuts down for Typhoon Maria
  4. Thai cave rescue enters third day
  5. Malaysians confident of going cashless for up to three days
  6. Malaysia’s Largest Coffee Festival Gets Bigger and Better This Year!

DRB-Hicom studying Proton-Indonesia joint venture
DRB-Hicom Bhd is studying the proposed collaboration between Malaysia and Indonesia to produce an ASEAN car. Group Managing Director Datuk Seri Syed Faisal Albar said the matter was being discussed following the memorandum of understanding signed in 2015 between its subsidiary, Proton Holdings Bhd, and an Indonesian company to undertake the joint effort. “There is no cost involved and we need to study it a lot,” he told reporters in Kuala Lumpur after briefing the Council of Eminent Persons It was reported earlier that the joint effort between Proton and Indonesia to produce an ASEAN car would be revived following talks between Prime Minister Tun Dr Mahathir Mohamad and Indonesian President Joko Widodo in Jakarta last month.

Selangor identifies Port Klang as ideal location for next DFTZ
The Selangor state government has identified Port Klang as an ideal location for the next Digital Free Trade Zone (DFTZ). State Senior Executive Councillor, Datuk Teng Chang Kim said the DFTZ would boost Port Klang’s ranking to become the 10th largest container port in the world from the current 12th position, as it would provide local small and medium enterprises (SMEs) with the opportunity to export their products globally via e-commerce. “The DFTZ will increase the capacity of twenty-foot equivalent units (TEUs) and thus attract more investments from global players, making Selangor a regional logistics hub,” he added.

Taiwan shuts down for Typhoon Maria
Schools and offices in Taiwan were closed today and flights have been cancelled as Typhoon Maria churns towards Taiwan bringing torrential rains and powerful winds. Maria’s impact was expected to be the strongest from late Tuesday to early Wednesday, with downpours up to 500 millimetres forecast in some areas. Officials have warned of possible floods and mudslides. Taiwan’s UNI Air cancelled around 70 domestic flights on Tuesday while two other airlines have cancelled flights to the Japanese island of Okinawa. Hong Kong’s Cathay Pacific said it has cancelled over a dozen flights between Hong Kong and Taipei, as well as from Hong Kong to Okinawa on Tuesday and Wednesday. Premier William Lai warned local authorities and the public to “remain vigilant” for the first typhoon of the season in Taiwan. The typhoon will not make a direct hit if it continues on its current trajectory, which would see it skim off northern Taiwan, according to the weather bureau.

Thai cave rescue enters third day
In Chiang Rai, Thailand, an operation to rescue the remaining five people from the Tham Luang cave complex in northern Thailand resumed today. Yesterday, four more boys were evacuated, bringing the total evacuated to 8 in two-days of operations, leaving four more boys and their football coach still trapped in the cave complex, where they have been stranded since June 23. The head of the rescue mission, Narongsak Osottanakorn told a news conference the latest rescue operation began at about 10.08am local time. “All five will be brought out at the same time today,” he said.

Malaysians confident of going cashless for up to three days
Six in 10 Malaysians say they can go without cash for an entire day and close to half of them (41%) saying they could last three days without cash, according to the 2017 Visa Consumer Payment Attitudes study. Six in 10 Malaysians have tried going cashless and out of this group, close to 60% of respondents said they have successfully gone cashless for at least a few days. The recent survey also revealed that Malaysians have increased their use of payment cards compared to a year ago, with the affluent segment driving usage of credit cards. In fact, more than 50% of Malaysians hold more payments cards than two years ago. Approximately half of the survey respondents indicated a preference for cashless payments. Contactless payments awareness in Malaysia has also increased by 4% to 87% in 2017. Around two in three Malaysians said that they would choose contactless payments over cash if it was widely available. “Contactless payments have taken off in Malaysia with more than three million Visa contactless transactions being conducted a month, representing double digit year-on-year growth in terms of spend and number of transactions. It is important for us to continue working with our issuers and merchants to educate consumers in Malaysia that electronic payments can be used not only for large purchases, but also small ticket items. Survey findings also highlighted that eight in 10 Malaysians think that the country can be cashless in less than 15 years, with 19% of them believing it can happen within three years and 39% in four to seven years.

Malaysia’s Largest Coffee Festival Gets Bigger and Better This Year!
All coffee lovers will have bigger and better reasons to celebrate this year as plans for celebration on all things coffee are brewing hot! Join in the revelry as Malaysia’s largest coffee festival gears up for a bigger and better second coffee festival to be held at the 1 Utama Shopping Centre in Kuala Lumpur. With increasing affluence and growth in Malaysia which are largely due to urbanisation, the country is experiencing profound developments in lifestyle and consumer behaviour. Demands for convenience, and the latest products and services; have created favourable effects on the coffee industry and scene in Malaysia. The boom in the coffee culture and scene has resulted in the mushrooming of coffee houses and cafes across the country, from the capital to the cities in every state, where the dark strong brew has gained strong traction especially amongst the young and the working professionals. Even as new and trendy specialist coffee players have entered the booming local market, the long-standing and familiar favourites such as the humble coffee shops serving up the local ‘kopi’ continues in its appeal as part of the nation’s varied and vibrant coffee landscape. At the second instalment of the Malaysia Coffee Fest, coffee-lovers and the public will be treated to a spectacular aromatic treat of the humble bean from more than 30 local and international exhibitors.