Highlights:

  1. Malaysian government mulls idea of cryptocurrency
  2. New technologies to be showcased at China Hi-Tech Fair 2018
  3. RHB Group Asset Management Partners World-leading Chinese Fund House and Leading Global Active Asset Manager to Launch China Focused and Artificial Intelligence Fund
  4. The Finlab launches Thailand’s first business accelerator for SMEs
  5. Canon teams up with Kechara Soup Kitchen Society and Joe’s Barber to Spread Happiness on World Kindness Day

Malaysian government mulls idea of cryptocurrency
Prime Minister, Tun Dr Mahathir Mohamad said the government is mulling the idea of cryptocurrency, especially on the role it might replace. “It is her opinion. (But) We are starting it, anyway,” he said when asked about International Monetary Fund Chief Christine Lagarde’s remarks on the possibility of central banks around the world considering issuing digital currency. Various central banks around the world are seriously considering the ideas, including Canada, China, Sweden, and Uruguay. “Generally, we are thinking about it. Even the government is thinking about it. To find out the role they replace,” he said at the end of his visit to Singapore today. Cryptocurrency or digital currency is not a legal tender in Malaysia.

New technologies to be showcased at China Hi-Tech Fair 2018
New technologies including business, daily life, education and entertainment scenarios will be showcased at the 20th China Hi-Tech Fair (CHTF 2018) from 14-18 November 2018 at the Shenzhen Convention and Exhibition Centre. With the theme, “New Development Concept for High Quality Growth”, the new technologies include AI face recognition system, the 3D fitting room, the level 4 automated driving system, the AI early learning robot and the underwater drone, a statement said. The fair consists of exhibitions, forums, professional meetings, supporting activities, talents exchange meetings and overseas fairs, features advanced manufacturing, next-generation information technology, AI, life sciences, new materials and new energy. The IT exhibition will present themed areas like AI, smart manufacturing, smart automotive, sports technology, big data, cloud computing, IoT and blockchain which will include environmental exhibition and advanced manufacturing exhibition. In addition to global leading companies such as Microsoft, Tencent and Baidu, CHTF 2018 also gathers unicorn companies in the AI industry including Cambrian, Horizon Robotics, SenseTime and Royale to impress the visitors with the most dazzling “AI Technology Moment.” A technology start-ups exhibition is also held during the fair to provide a platform for communication and cooperation between technology start-ups and venture capital institutions, according to a statement from CHTF.

RHB Group Asset Management Partners World-leading Chinese Fund House and Leading Global Active Asset Manager to Launch China Focused and Artificial Intelligence Fund
RHB Group Asset Management (“RHBGAM”) announced a collaborative partnership with leading Chinese fund management company, China Asset Management (Hong Kong) Limited (“ChinaAMC (HK)”) and leading Global Active Asset Manager, Allianz Global Investors (“AllianzGI”), to launch Malaysia’s first Shariah-compliant China fund, RHB Shariah China Focus Fund, and RHB Global Artificial Intelligence Fund, respectively. RHB Shariah China Focus Fund and RHB Global Artificial Intelligence Fund are aimed at providing long-term capital growth by investing in China Shariah-compliant equities and companies involved in the evolution of Artificial Intelligence (AI), respectively. The partnership is testament to RHBGAM’s commitment to deliver a wider range of product and service capabilities to investors, and will provide customers with access to global markets, putting investors at the forefront of high-performing funds. RHBGAM, a wholly-owned subsidiary of RHB Investment Bank Berhad, offers both conventional and Islamic products with asset under management (AUM) of RM49.2 billion (USD11.9 billion) as at 30 September 2018.

The Finlab launches Thailand’s first business accelerator for SMEs
The FinLab today announced the launch of its Smart Business Transformation Programme to help Thailand-based small- and medium-sized enterprises (SMEs) transform their businesses through digital solutions. The programme is supported by United Overseas Bank (Thailand) (UOB (Thai)) and the Digital Economy Promotion Agency (depa) of Thailand. Thailand is the first market outside of Singapore where The FinLab will offer its SME business transformation programme. The Thai launch follows the success of the Singapore programme in August 2018 where 11 Singapore-based SMEs deepened their digital capabilities by piloting the use of technologies such as artificial intelligence and robotics process automation. According to the findings of an online survey by The FinLab, Thai SMEs said their top two business growth strategies were to enter new markets (54 per cent) and to use online marketing (51 per cent). Social media marketing (62 per cent) and digital marketing [(61 per cent) were their preferred methods to increase sales and to improve customer engagement. However, while Thai SMEs were keen to tap digital solutions to enhance their online presence, they were concerned about the cost (67 per cent) and complexity (44 per cent) of implementation. To help Thai SMEs drive their business performance, The FinLab’s three-month Smart Business Transformation Programme will help participating SMEs refine their business models and adopt digital solutions particularly those in online sales and marketing. Mentors from The FinLab, UOB (Thai) and depa will also guide participating SMEs to identify the unique issues they face in their business and equip them with the tools and knowledge needed to innovate. The SMEs will then be matched with a suitable technology solution provider to address their concerns and to pilot the implementation of the solution.

Canon teams up with Kechara Soup Kitchen Society and Joe’s Barber to Spread Happiness on World Kindness Day
In conjunction with World Kindness Day, Canon Marketing (Malaysia) teamed up with Kechara Soup Kitchen Society and Joe’s Barber Shop to provide complimentary haircuts at Kechara Soup Kitchen Society in Kuala Lumpur. The ‘Fresh Cuts, Fresh Starts’ initiative was aimed at giving less fortunate members of the community a new look with haircuts from professional hairstylists to brighten their day and support them in their efforts to better their lives. More than 20 individuals who stopped by Kechara Soup Kitchen during lunch time happily got into the barber’s chair for their new look. While they were getting their haircut, they shared stories of their family and life journey.