Services sector is new engine of growth
THE services sector is overtaking manufacturing as the main contributor to economic growth. This will have vast implications on where people are going to find work and what skills they will need to get employed.
The government's growth target is very clear: To become a developed nation by 2020. Using a World Bank definition, that means having a per capita income of RM49,500 (US$15,000) by the end of the decade. The per capita income level in 2010 was RM23,100 (US$7,000).
This is an ambitious target and requires gross domestic product (GDP) growth of at least 7 per cent per year.
Historically, the country's growth had been led by manufacturing. But when the government reviewed its economic policy last year, it realised that this may not be the case for much longer.
For two reasons. In developed economies, the services sector is usually the biggest contributor to economic output.
Last year, services contributed to 77 per cent of the US's GDP; 71 per cent of Germany's; 74 per cent of Japan's; 63 per cent of Singapore's and 92 per cent of Hong Kong's. In Malaysia, the figure was 58 per cent. This means there is plenty of room for the services sector to grow as the nation's economy becomes more developed.
The second reason is more prosaic. Increasingly, many of Malaysia's traditional competitive advantages in manufacturing - such as our low cost and the availability of skilled workers - are being matched by many emerging economies.
The solution for us is to migrate to higher value-added and more technology and capital-intensive industries. That is happening, but will take time.
Meanwhile, new sources of growth will have to be found and the government has targeted the services sector to drive future growth. It is projecting that the sector's share (inclusive of government services) of GDP will grow to 67.3 per cent by 2020.
The government envisages that this growth will take place across the board, especially in oil and gas, construction, business and professional services, education and training, ICT, healthcare and tourism sectors.
Particular attention will be given to the development of so-called "backbone services". These are the ones that contribute important inputs for the production and export of other services. Think software tools that we use to manage our airports; or the digital networks that enable us to use our handsets.
To accelerate growth of the services industry, the government has opened up a number of important services sub-sectors to foreign participation. Allowing foreigners to own businesses here or in partnership with locals can help to upgrade the skills of Malaysians and also assist them to establish business links overseas.
Some of the liberalisation measures undertaken also meet obligations the country has signed up to under various trade agreements.
Upon joining the World Trade Organisation in 1995, for example, we committed ourselves to liberalising a wide range of sectors in the services industry. Currently, we are in the Doha Round and once the round is concluded we would have liberalised 11 out of 12 major sectors.
Our Asean commitments have also required us to progressively open up our domestic services market to participation from other Asean countries.
The targets and timelines we follow are according to the blueprint mapped out to establish the Asean Economic Community by 2015. To date, we have made liberalisation commitments in 96 services sub-sectors.
The government has also acted unilaterally to accelerate the pace of services liberalisation. In April 2009, 27 services sub-sectors were opened up.
More substantive moves were announced in Parliament recently in the Prime Minister's budget speech. An additional 17 sub-sectors will be opened up to foreign ownership in 2012. These changes allow foreigners to own up to 100 per cent of their local business. (See table)
The government has conducted extensive consultations with public and private stakeholders. Additionally, Ministry of International Trade and Industry is preparing a roadmap on the implementation of the liberalisation of the services sector.
And for the first time, higher foreign equity participation in service areas, such as architecture, engineering, taxation and accounting services will be allowed.
How is all this going to work out?
An overseeing body, known as the Malaysia Services Development Council (MSDC), has been set up to monitor and coordinate the work of ministries implementing the liberalisation programme.
The MSDC will review rules and regulations that impede the growth of the industry and assist local players, mostly SMEs, to develop and export their services.
The export potential of our services sector should not be underestimated. Last year, our services exports totalled a massive RM105 billion.
Tourism is a significant contributor to this total. In 2010, 24.6 million tourists visited Malaysia, bringing in receipts amounting to RM56.5 billion. If we can attract more tourists from China, Europe and the Middle East, tourism's contribution to GDP will grow.
Last year, our construction sector contributed exports valued at RM3.44 billion. The Middle East has been a favoured destination for Malaysian construction companies, and over the past few years, seven leading Malaysian companies have undertaken projects in Saudi Arabia, Sudan, Qatar, the UAE, Bahrain, Syria and also Oman, Yemen, Morocco and Yemen.
We also expect that medical tourism will become an expanding industry in the years to come will have spillover effects on other sectors of the economy.
Our Islamic financial sector, too, is well developed and should continue to attract investors. Overall, we now have in place various initiatives to accelerate the pace of development of the services sector. Mida is working hard to bring in foreign investment in this sector while Matrade is helping our companies to export their services in selected industries.
Locally, our own companies must take better advantage of the opportunities that are emerging in key services sectors of our economy as we roll out our Economic Transformation Programme.
If we can keep this pace up and stay focussed, I am confident we can meet the growth targets we have set for ourselves. - by Datuk Seri Mustapa Mohamed, Minister of International Trade and Industry.
Source : New Straits Times
Date : 20 December 2012
Afternoon Highlights (21/12/11/210/468)
Thursday, January 12, 2012
Today's Pick (21/12/11/224/686) Al-Ikhsan to set aside RM40m for 12 new stores
Al-Ikhsan to set aside RM40m for 12 new stores
SPORTS goods retailer Al-Ikhsan Sports Sdn Bhd aims to open 12 new outlets with an investment of RM40 million in the first half of next year to improve its earnings.
The company, set up in 1993, is targeting to achieve RM300 million in sales in 2012 and RM500 million in 2015.
"We are quite bullish on the outlook, hence we are planning to open 100 new stores from now until 2015," acting country manager Yuremi Mohd Nor said last week at the opening of the company's 100th outlet in Malaysia in Bukit Bintang Plaza, Kuala Lumpur.
For fiscal 2011, the firm anticipates RM215 million in sales, he said.
Yuremi said Al-Ikhsan will be using its internally generated funds for the expansion.
Al-Ikhsan carries multi-brand concepts such as Nike, Adidas, Puma, Lotto, Umbro and Reebok.
Its existing 100 stores are segmented into four categories - flagship, which carries the highest grade or branded products; urban for the medium income group; rural with products priced below average; and factory outlets.
"We went through a series of transformation in the last six months and came up with a strategy to make available sporting goods for all income groups and it has augured well for us," he said.
On overseas expansion, Yuremi said Al-Ikhsan has been invited by several retailers including Jusco, to set up shop overseas but there is currently nothing on the table.
"We do have intentions to go overseas. Vietnam is on our radar. It is an emerging market which nobody wants to miss, but our current focus is to expand in Malaysia first," he said.
Yuremi said the company has a close working relationship with Jusco. "If need be, we will go where they are currently," he added.
On plans to list Al-Ikhsan, Yuremi said the company's founder, Ali Hassan Mohd Hassan, has no intention to float the company's shares at the moment.
Source : New Straits Times
Date : 20 December 2011
Today's Pick (21/12/11/224/686)
SPORTS goods retailer Al-Ikhsan Sports Sdn Bhd aims to open 12 new outlets with an investment of RM40 million in the first half of next year to improve its earnings.
The company, set up in 1993, is targeting to achieve RM300 million in sales in 2012 and RM500 million in 2015.
"We are quite bullish on the outlook, hence we are planning to open 100 new stores from now until 2015," acting country manager Yuremi Mohd Nor said last week at the opening of the company's 100th outlet in Malaysia in Bukit Bintang Plaza, Kuala Lumpur.
For fiscal 2011, the firm anticipates RM215 million in sales, he said.
Yuremi said Al-Ikhsan will be using its internally generated funds for the expansion.
Al-Ikhsan carries multi-brand concepts such as Nike, Adidas, Puma, Lotto, Umbro and Reebok.
Its existing 100 stores are segmented into four categories - flagship, which carries the highest grade or branded products; urban for the medium income group; rural with products priced below average; and factory outlets.
"We went through a series of transformation in the last six months and came up with a strategy to make available sporting goods for all income groups and it has augured well for us," he said.
On overseas expansion, Yuremi said Al-Ikhsan has been invited by several retailers including Jusco, to set up shop overseas but there is currently nothing on the table.
"We do have intentions to go overseas. Vietnam is on our radar. It is an emerging market which nobody wants to miss, but our current focus is to expand in Malaysia first," he said.
Yuremi said the company has a close working relationship with Jusco. "If need be, we will go where they are currently," he added.
On plans to list Al-Ikhsan, Yuremi said the company's founder, Ali Hassan Mohd Hassan, has no intention to float the company's shares at the moment.
Source : New Straits Times
Date : 20 December 2011
Today's Pick (21/12/11/224/686)
Afternooon Highlight (20/12/11/209/467) SME Bank to focus on loans for NKEA jobs, i-Programme
SME Bank to focus on loans for NKEA jobs, i-Programme
KUALA LUMPUR: SME Bank aims to disburse close to RM1 billion in loans to small- and medium-scale enterprises (SMEs) next year despite forecasts of a weaker economic environment.
Its managing director, Datuk Mohd Radzif Mohd Yunus, said loan disbursements will focus on projects under the National Key Economic Areas (NKEAs) and three financing packages under SME Bank's i-Programme.
"We plan to raise RM3 billion of sukuk in the next three years to fund the SMEs," he said at the launch of the i-Programme by SME called, "i-Surf", "i-Reach" and "i-Splash" at Plaza Sentral here yesterday.
Mohd Radzif said to date, since its inception six years ago, the bank has RM4.4 billion of loans.
Deputy International Trade and Industry Minister, Datuk Mukhriz Mahathir, who was present at the launch, said SMEs will be showing better growth than bigger companies next year despite talk of an economic downturn.
"Next year, SMEs are expected to grow by 7.5 per cent and they have been keeping to that momentum for the last two three years.
"Ironically the bigger companies grow in the same pace of GDP (gross domestic product), which would be 5.3 per cent next year and lower than the SMEs," he said.
However, Mukhriz reiterated that SME companies will not be having difficulties obtaining loans or other sort of assistance from the government but said that there may be in for a challenge or two in the coming year.
Mukhriz had earlier launched i-Surf - financing scheme for SME Bank's existing clients with good repayment record; i-Reach - contract financing for the construction sector; and i-Splash - supply contracts financing.
Meanwhile, Mohd Radzif said SME Bank also plans to expand its branch network from 19 to 22 by opening a branch each in Batu Pahat, Kajang and Klang.
"We also plan mini branches in Sungai Petani, Kemaman, Rawang, Pasir Gudang, Lahad Datu, Bintulu and Sandakan," he said, adding that the bank will spend a total of RM1.5 million to set up these branches. By June Ramlee
Source : New Straits Times
Date : 20 December 2011
Afternooon Highlight (20/12/11/209/467)
KUALA LUMPUR: SME Bank aims to disburse close to RM1 billion in loans to small- and medium-scale enterprises (SMEs) next year despite forecasts of a weaker economic environment.
Its managing director, Datuk Mohd Radzif Mohd Yunus, said loan disbursements will focus on projects under the National Key Economic Areas (NKEAs) and three financing packages under SME Bank's i-Programme.
"We plan to raise RM3 billion of sukuk in the next three years to fund the SMEs," he said at the launch of the i-Programme by SME called, "i-Surf", "i-Reach" and "i-Splash" at Plaza Sentral here yesterday.
Mohd Radzif said to date, since its inception six years ago, the bank has RM4.4 billion of loans.
Deputy International Trade and Industry Minister, Datuk Mukhriz Mahathir, who was present at the launch, said SMEs will be showing better growth than bigger companies next year despite talk of an economic downturn.
"Next year, SMEs are expected to grow by 7.5 per cent and they have been keeping to that momentum for the last two three years.
"Ironically the bigger companies grow in the same pace of GDP (gross domestic product), which would be 5.3 per cent next year and lower than the SMEs," he said.
However, Mukhriz reiterated that SME companies will not be having difficulties obtaining loans or other sort of assistance from the government but said that there may be in for a challenge or two in the coming year.
Mukhriz had earlier launched i-Surf - financing scheme for SME Bank's existing clients with good repayment record; i-Reach - contract financing for the construction sector; and i-Splash - supply contracts financing.
Meanwhile, Mohd Radzif said SME Bank also plans to expand its branch network from 19 to 22 by opening a branch each in Batu Pahat, Kajang and Klang.
"We also plan mini branches in Sungai Petani, Kemaman, Rawang, Pasir Gudang, Lahad Datu, Bintulu and Sandakan," he said, adding that the bank will spend a total of RM1.5 million to set up these branches. By June Ramlee
Source : New Straits Times
Date : 20 December 2011
Afternooon Highlight (20/12/11/209/467)
Today's Pick (20/12/11/223/685) Motosikal elektrik dijual bulan depan
Motosikal elektrik dijual bulan depan
Eclimo juga akan masuki pasaran Eropah Jun
MOTOSIKAL elektrik keluaran Eclimo Sdn Bhd (Eclimo) yang berpangkalan di Pulau Pinang akan berada di pasaran tempatan pada akhir bulan depan, sebelum memasuki pasaran Eropah pada Jun 2012.
Model pertama motosikal jenis skuter jenama Eclimo adalah ES11 yang mempunyai kapasiti 125 cc dan digerakkan menggunakan bateri ion litium.
Pengerusi Eksekutifnya, Datuk Dennis Chuah, berkata pihaknya menyasar untuk menjual sehingga 20,000 unit tahun depan iaitu penguasaan empat peratus pasaran motosikal tempatan.
Sehubungan itu, syarikat itu menjalin kerjasama dengan Dewan Perniagaan Melayu Malaysia (DPMM) dengan membentuk satu program keusahawanan untuk pengedar motosikal jenama Eclimo.
Menerusi kerjasama itu, syarikat berkenaan melantik Nexus Technopreneur Sdn Bhd sebagai ‘Peniaga Utama’ Eclimo.
Syarikat itu dan DPMM juga akan membangunkan 10 peruncit Bumiputera yang akan menjual, menyediakan perkhidmatan dan aksesori untuk pemilik motosikal Eclimo pada tahun depan.
“Dengan pelaksanaan program ini, kami percaya setiap peruncit akan memperoleh sekurang-kurangnya RM800,000 setahun dan ini akan memberi sinar baru dalam industri automotif elektrik,” katanya.
Beliau berkata demikian selepas majlis memeterai perjanjian pelantikan Nexus Technopreneur Sdn Bhd sebagai ‘Peniaga Utama’ Eclimo, yang disaksikan Menteri di Jabatan Perdana Menteri, Tan Sri Nor Mohamed Yakcop di Georgetown, baru-baru ini.
Pada majlis itu, Eclimo dan Nexus Technopreneur Sdn Bhd, diwakili oleh pengarah urusan masing-masing, Liew Chung Pang dan Amilka Nazim.
Model Eclimo ES 11 boleh dicaj penuh dalam tempoh tiga setengah jam dengan jarak perjalanan sejauh 100 kilometer. Kelajuan maksimum skuter dilengkapkan dengan bateri ion litium adalah 100 kilometer sejam.
Bagi meringankan pembeli, Eclimo bekerjasama dengan Hong Leong dan Mastercard International menyediakan skim bayaran mudah. Pembeli hanya perlu membayar pendahuluan RM100 dan bayaran ansuran RM199 sebulan selama 60 bulan.
Eclimo juga menawarkan jaminan lima tahun bagi alat ganti dan kos buruh dan servis percuma empat kali setahun sepanjang tempoh jaminan.
Dennis berkata, model ES11 akan dikeluarkan di kilang di Pulau Pinang tetapi jika permintaan mencecah 40,000 unit, pihaknya akan bekerjasama dengan Kumpulan NAZA untuk memasang di Shah Alam, Selangor.
Mengenai pasaran antarabangsa, beliau berkata, skuter itu juga akan dieksport ke Itali dan Jepun.
"Sebagai permulaan, kami akan mengeksport beberapa ribu unit ke Itali pada pertengahan tahun depan," katanya.
Eclimo ditubuhkan pada Jun 2008 adalah syarikat tempatan yang terbabit dalam penyelidikan dan pembangunan (R&D) bidang teknologi kuasa mesra alam, terutama untuk sektor pengangkutan.
Source : Berita Harian
Date : 19 December 2011
Today's Pick (20/12/11/223/685)
Eclimo juga akan masuki pasaran Eropah Jun
MOTOSIKAL elektrik keluaran Eclimo Sdn Bhd (Eclimo) yang berpangkalan di Pulau Pinang akan berada di pasaran tempatan pada akhir bulan depan, sebelum memasuki pasaran Eropah pada Jun 2012.
Model pertama motosikal jenis skuter jenama Eclimo adalah ES11 yang mempunyai kapasiti 125 cc dan digerakkan menggunakan bateri ion litium.
Pengerusi Eksekutifnya, Datuk Dennis Chuah, berkata pihaknya menyasar untuk menjual sehingga 20,000 unit tahun depan iaitu penguasaan empat peratus pasaran motosikal tempatan.
Sehubungan itu, syarikat itu menjalin kerjasama dengan Dewan Perniagaan Melayu Malaysia (DPMM) dengan membentuk satu program keusahawanan untuk pengedar motosikal jenama Eclimo.
Menerusi kerjasama itu, syarikat berkenaan melantik Nexus Technopreneur Sdn Bhd sebagai ‘Peniaga Utama’ Eclimo.
Syarikat itu dan DPMM juga akan membangunkan 10 peruncit Bumiputera yang akan menjual, menyediakan perkhidmatan dan aksesori untuk pemilik motosikal Eclimo pada tahun depan.
“Dengan pelaksanaan program ini, kami percaya setiap peruncit akan memperoleh sekurang-kurangnya RM800,000 setahun dan ini akan memberi sinar baru dalam industri automotif elektrik,” katanya.
Beliau berkata demikian selepas majlis memeterai perjanjian pelantikan Nexus Technopreneur Sdn Bhd sebagai ‘Peniaga Utama’ Eclimo, yang disaksikan Menteri di Jabatan Perdana Menteri, Tan Sri Nor Mohamed Yakcop di Georgetown, baru-baru ini.
Pada majlis itu, Eclimo dan Nexus Technopreneur Sdn Bhd, diwakili oleh pengarah urusan masing-masing, Liew Chung Pang dan Amilka Nazim.
Model Eclimo ES 11 boleh dicaj penuh dalam tempoh tiga setengah jam dengan jarak perjalanan sejauh 100 kilometer. Kelajuan maksimum skuter dilengkapkan dengan bateri ion litium adalah 100 kilometer sejam.
Bagi meringankan pembeli, Eclimo bekerjasama dengan Hong Leong dan Mastercard International menyediakan skim bayaran mudah. Pembeli hanya perlu membayar pendahuluan RM100 dan bayaran ansuran RM199 sebulan selama 60 bulan.
Eclimo juga menawarkan jaminan lima tahun bagi alat ganti dan kos buruh dan servis percuma empat kali setahun sepanjang tempoh jaminan.
Dennis berkata, model ES11 akan dikeluarkan di kilang di Pulau Pinang tetapi jika permintaan mencecah 40,000 unit, pihaknya akan bekerjasama dengan Kumpulan NAZA untuk memasang di Shah Alam, Selangor.
Mengenai pasaran antarabangsa, beliau berkata, skuter itu juga akan dieksport ke Itali dan Jepun.
"Sebagai permulaan, kami akan mengeksport beberapa ribu unit ke Itali pada pertengahan tahun depan," katanya.
Eclimo ditubuhkan pada Jun 2008 adalah syarikat tempatan yang terbabit dalam penyelidikan dan pembangunan (R&D) bidang teknologi kuasa mesra alam, terutama untuk sektor pengangkutan.
Source : Berita Harian
Date : 19 December 2011
Today's Pick (20/12/11/223/685)
Afternoon Highlight (19/12/11/208/466) Malaysia lines up RM8m loans for small franchises
Malaysia lines up RM8m loans for small franchises
BERA (PAHANG): The government has allocated RM8 million to be disbursed as loans to entrepreneurs keen to venture into franchise business.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the allocation was made to enable more people, particularly the younger set, to take up franchise business.
"To date, RM1 million has been approved to 60 entrepreneurs nationwide to undertake franchise business.
"We intend to give the balance of the allocation to another 200 entrepreneurs," he told reporters after launching "Jelajah Francais Malaysia" (Explore Franchise Malaysia) programme in Kerayong near here yesterday.
Ismail Sabri said interested entrepreneurs would be given loans ranging from RM10,000 to RM50,000 on condition they must be recommended by franchisors.
"I hope more youths and traders will come forward to do franchise business as the returns are lucrative," he said.To date, 5,315 franchisees have been registered with 576 franchisors, majority of whom are doing food-based business.
Ismail Sabri said the Franchise Act would be amended next year to protect the interests of entrepreneurs engaged in franchise business.
He said the Act would ensure franchisors do not impose excessive charges on franchisees.
"Although small-time franchise entrepreneurs are doing well in their business with all the facilities provided, including advertisements, there are franchisors who levied heavy fees on them," he said.
Proposed amendments to the Act, to be tabled in the March sitting of the Dewan Rakyat, would provide adequate protection to franchisees, said Ismail Sabari. Bernama
Source : New Straits Times
Date : 19 December 2011
Afternoon Highlight (19/12/11/208/466)
BERA (PAHANG): The government has allocated RM8 million to be disbursed as loans to entrepreneurs keen to venture into franchise business.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the allocation was made to enable more people, particularly the younger set, to take up franchise business.
"To date, RM1 million has been approved to 60 entrepreneurs nationwide to undertake franchise business.
"We intend to give the balance of the allocation to another 200 entrepreneurs," he told reporters after launching "Jelajah Francais Malaysia" (Explore Franchise Malaysia) programme in Kerayong near here yesterday.
Ismail Sabri said interested entrepreneurs would be given loans ranging from RM10,000 to RM50,000 on condition they must be recommended by franchisors.
"I hope more youths and traders will come forward to do franchise business as the returns are lucrative," he said.To date, 5,315 franchisees have been registered with 576 franchisors, majority of whom are doing food-based business.
Ismail Sabri said the Franchise Act would be amended next year to protect the interests of entrepreneurs engaged in franchise business.
He said the Act would ensure franchisors do not impose excessive charges on franchisees.
"Although small-time franchise entrepreneurs are doing well in their business with all the facilities provided, including advertisements, there are franchisors who levied heavy fees on them," he said.
Proposed amendments to the Act, to be tabled in the March sitting of the Dewan Rakyat, would provide adequate protection to franchisees, said Ismail Sabari. Bernama
Source : New Straits Times
Date : 19 December 2011
Afternoon Highlight (19/12/11/208/466)
Today's Pick (19/12/11/222/684) Online car ownership transfers soon
Online car ownership transfers soon
MORE EFFICIENT, FASTER PROCESS: MyEG targets to launch service next month
MALAYSIA'S e-government services provider My E.G. Services Bhd (MyEG) will introduce a new service that allows the online transfer of vehicle ownership via its website.
The service, under the purview of the Road Transport Department (RTD), is targeted for full launch next month.
Executive chairman Datuk Dr Norraesah Mohamad said the new e-government service empowers vehicle owners to be proactive in ensuring full completion of a vehicle ownership transfer pro-cess.
Managing director TS Wong said MyEG is confident the new service will be very well-received because it lowers the cost, and is more efficient and much faster.
"Of course, the fact that it will be utilised mainly by the industry group, namely the used car dealers and the finance companies, means that the take-up rate will be much faster," he told a press conference after the company's shareholders' meeting yesterday.
The service consists of two phases, the temporary e-transfer of ownership or "E-Tukar Hakmi-lik Sementara", where the ownership of vehicles is transferred to used car dealers, and voluntary e-transfer of ownership or "E-Tukar Hakmilik Sukarela", to the even-tual buyer.
Norraesah said in the temporary e-transfer of ownership phase, all liabilities will fall on the dealers.
She added that the objective is to protect sellers and absolve them from any matters pertaining to the car during the transitional phase before being sold to the next owner.
MyEG will also provide training for used car dealers and finance companies, as most car ownership transfers usually go through either one party.
Source : New Straits Times
Date : 16 December 2011
Today's Pick (19/12/11/222/684)
MORE EFFICIENT, FASTER PROCESS: MyEG targets to launch service next month
MALAYSIA'S e-government services provider My E.G. Services Bhd (MyEG) will introduce a new service that allows the online transfer of vehicle ownership via its website.
The service, under the purview of the Road Transport Department (RTD), is targeted for full launch next month.
Executive chairman Datuk Dr Norraesah Mohamad said the new e-government service empowers vehicle owners to be proactive in ensuring full completion of a vehicle ownership transfer pro-cess.
Managing director TS Wong said MyEG is confident the new service will be very well-received because it lowers the cost, and is more efficient and much faster.
"Of course, the fact that it will be utilised mainly by the industry group, namely the used car dealers and the finance companies, means that the take-up rate will be much faster," he told a press conference after the company's shareholders' meeting yesterday.
The service consists of two phases, the temporary e-transfer of ownership or "E-Tukar Hakmi-lik Sementara", where the ownership of vehicles is transferred to used car dealers, and voluntary e-transfer of ownership or "E-Tukar Hakmilik Sukarela", to the even-tual buyer.
Norraesah said in the temporary e-transfer of ownership phase, all liabilities will fall on the dealers.
She added that the objective is to protect sellers and absolve them from any matters pertaining to the car during the transitional phase before being sold to the next owner.
MyEG will also provide training for used car dealers and finance companies, as most car ownership transfers usually go through either one party.
Source : New Straits Times
Date : 16 December 2011
Today's Pick (19/12/11/222/684)
Afternoon Highlight (16/12/11/207/465) Talk Focus to invest RM25m in 100 concept stores
Talk Focus to invest RM25m in 100 concept stores
PETALING JAYA: Talk Focus Sdn Bhd, the newest mobile virtual network operator (MVNO) in the country, plans to invest about RM25 million to open 100 concept stores nationwide in the next 18 months.
"However, it depends on the availablity of space," its chief executive officer Steven Loke said. .He said each outlet would cost about RM250,000.
The company now has two Tron Concept Stores at Sunway Pyramid and Tropicana City Mall.Yesterday, Talk Focus officially activated "Tron", a new cellular network service provider offering a unique voice and data pay plan.
Loke said Tron is the first in Malaysia to offer an unconditional 365-day validity for top-ups in addition to rewards for subscribers for using their mobile devices with redeemable Tron Points that can be used to buy a wide range of items.
"We know that Malaysians love a good deal and have been looking for a mobile service, which offers affordability, connectivity and rewards usage in interesting ways, all in convenient way," he said.
Loke said Talk Focus is targeting at least 100,000 subscribers by end of next year and expand up to 2,000 dealers in the Tron Network and Concept Stores nationwide.
In line with its tagline "Life.On", Tron will facilitate the mobile lifestyle of its subscribers by connecting them to a dedicated self-care web portal cum social media platform at www.tron.com.my, which will also keep subscribers updated on merchant discounts and perks."The portal will integrate all apss, services and social media platforms into a single convenient interface, offering subscribers a revolutionary way to use their mobile devices," Loke said.
Talk Focus intends to grow the average revenue per user (ARPU) by leveraging the growing use of mobile Internet and smart devices,, particularly among young Malaysians, who are heavy users of social media.
Source : New Straits Times
Date : 16 December 2011
Afternoon Highlight (16/12/11/207/465)
PETALING JAYA: Talk Focus Sdn Bhd, the newest mobile virtual network operator (MVNO) in the country, plans to invest about RM25 million to open 100 concept stores nationwide in the next 18 months.
"However, it depends on the availablity of space," its chief executive officer Steven Loke said. .He said each outlet would cost about RM250,000.
The company now has two Tron Concept Stores at Sunway Pyramid and Tropicana City Mall.Yesterday, Talk Focus officially activated "Tron", a new cellular network service provider offering a unique voice and data pay plan.
Loke said Tron is the first in Malaysia to offer an unconditional 365-day validity for top-ups in addition to rewards for subscribers for using their mobile devices with redeemable Tron Points that can be used to buy a wide range of items.
"We know that Malaysians love a good deal and have been looking for a mobile service, which offers affordability, connectivity and rewards usage in interesting ways, all in convenient way," he said.
Loke said Talk Focus is targeting at least 100,000 subscribers by end of next year and expand up to 2,000 dealers in the Tron Network and Concept Stores nationwide.
In line with its tagline "Life.On", Tron will facilitate the mobile lifestyle of its subscribers by connecting them to a dedicated self-care web portal cum social media platform at www.tron.com.my, which will also keep subscribers updated on merchant discounts and perks."The portal will integrate all apss, services and social media platforms into a single convenient interface, offering subscribers a revolutionary way to use their mobile devices," Loke said.
Talk Focus intends to grow the average revenue per user (ARPU) by leveraging the growing use of mobile Internet and smart devices,, particularly among young Malaysians, who are heavy users of social media.
Source : New Straits Times
Date : 16 December 2011
Afternoon Highlight (16/12/11/207/465)
Today's Pick (16/12/221/683) Iskandar Malaysia soars
Iskandar Malaysia soars
Johor growth corridor surpasses its five-year investment target
PRIME Minister Datuk Seri Najib Razak yesterday gave a strong endorsement of Iskandar Malaysia, describing it as a “towering achievement” for the country, since its inception five years ago.
He said the development corridor owed much of its success so far to a focused method of development, its location in a high-demand growth region and its complementary role with its neighbour, Singapore.
“The productivity, wisdom and achievement of Iskandar Malaysia prove it is a development corridor that is ahead of the others,” said Najib after attending Iskandar Malaysia’s fifth anniversary celebrations at Puteri Harbour here.
Earlier, Najib took a 30-minute helicopter ride to view the five flagship areas of Iskandar Malaysia.
“I have seen the aerial view of development and I am impressed with the achievement I have seen. This development is something that Malaysians can be proud of.”
Najib said the RM77 billion worth of committed investments in the growth corridor had surpassed its original five-year target of RM47 billion.
Present at the ceremony were Johor Menteri Besar Datuk Abdul Ghani Othman, Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar, former deputy prime minister Tun Musa Hitam, Johor assemblymen and members of parliament.
The growth corridor’s first five years saw successful planning and building of the foundation projects within the five flagship areas of Iskandar Malaysia in southern Johor, which covers 2,217 sq km, three times the size of Singapore.
It includes the city of Johor Baru and the towns of Pontian, Senai, Pasir Gudang and the new administrative capital here.
Najib said these investments included various sectors ranging from education, industry, transport and tourism.
They complemented intangible development initiatives such as the Social Development Fund, to develop local capabilities.
“I believe the only sustainable development path is one that is inclusive and allows everyone to be part of the value creation process.”
Najib said Iskandar Malaysia could mark Johor’s return to its glory days as a major growth centre of the region during the Johor-Riau Empire in the 16th century.
“Today, Iskandar Malaysia stands as a proud symbol of Johor revisiting its historic past.
“Back then, Johor took advantage of its strategic location — situated at the crossroads between two straits, two oceans and two continents — and it succeeded because it was open and pragmatic.”
Najib said the Federal Government was committed to ensuring Iskandar Malaysia became internationally renowned, and stressed that a good working relationship between federal and state governments would be vital in achieving that aim.
Najib also witnessed the official launch of 12 new committed investments during the same event. Twelve documents that represented RM1.73 billion worth of investments were exchanged.
Among them was a RM100 million deal between Multimedia Development Corporation, Iskandar Investment Bhd (IIB) and Frost and Sullivan-MDec to set up a Global Innovation Centre in Medini.
IIB, a subsidiary of government investment arm Khazanah, also sealed deals with DHL to establish a supply-chain centre of excellence. IIB also yesterday formalised its cooperation with the University of Reading and Ra Ta Land Sdn Bhd for separate projects.
Johor Corp, meanwhile inked an agreement with Evyap Sabun Malaysia Sdn Bhd, Kiswire Cord Sdn Bhd and Mopuflex Sdn Bhd.
Multimedia University (MMU), sealed a deal with Iskandar Education Enterprise Sdn Bhd and University of Southern California to introduce a Cinematic Arts Degree at MMU’s new campus at EduCity, here.
UM Land confirmed their joint development with Seri Alam Properties Sdn Bhd-Raffles Campus Pte Ltd, while highway operator PLUS Bhd will undertake a project to install street lighting on the Second Link. Iskandar Malaysia Studios Sdn Bhd also entered into a deal with Universiti Teknologi Mara.
Azman, in his speech, said Iskandar Malaysia had achieved a strong momentum, with the timely delivery of major infrastructure, iconic development and catalyst projects.
“Stemming from traditional and knowledge economies, the opportunities and benefits for the rakyat and businesses in Iskandar Malaysia in the near future are very encouraging. Increased tourists arrivals are expected from 2012 onwards, thousands of students in a thriving education sector, improved public infrastructure, more than 55,000 new jobs, and enhanced safety and security overall.”
The plan for Iskandar Malaysia was put into action in March 2006 and is projected to be completed by 2025.
On another matter, Najib said the ongoing discussions on the Points of Agreement between Malaysia and Singapore would be brought up at his next meeting with his Singaporean counterpart, Lee Hsien Loong. next month.
He said bilateral relations between the two countries had been improving, and that more discussions were on the cards on matters such as improving connectivity between the two nations and iconic projects to be jointly developed by both sides.
Source : New Straits Times
Date : 12 December 2011
Today's Pick (16/12/221/683)
Afternoon Highlight (15/12/11/209/518) Malaysia exports in Oct increase 15.8pc
Malaysia exports in Oct increase 15.8pc
MALAYSIA'S exports and industrial production growth posted a better-than-expected performance in October, up 15.8 per cent year-on-year (Y-O-Y) and 2.8 per cent Y-O-Y respectively, despite the slowdown in global trade.HSBC Global Research said the October trade and industrial production numbers showed that economic activity has moderated and has proved to be more resilient than anticipated."So far, commodities have held up the flag on the export side, countering the falling external demand for electronic products," HSBC Global Research said in a note yesterday.Looking ahead, it said the global slowdown will continue and broaden with the protracted sovereign debt crisis in the eurozone expected to remain a drag on global trade.
However, solid domestic demand is expected to cushion against the slowdown spilling over through the external channel.The research house said Bank Negara Malaysia's move to keep on hold any changes to rates has been also justified with the better exports and production figures."This, however, may change if the global weakness lingers," it added. Bernama
Source : Bernama
Date : December 2011
Afternoon Highlight (15/12/11/209/518)
MALAYSIA'S exports and industrial production growth posted a better-than-expected performance in October, up 15.8 per cent year-on-year (Y-O-Y) and 2.8 per cent Y-O-Y respectively, despite the slowdown in global trade.HSBC Global Research said the October trade and industrial production numbers showed that economic activity has moderated and has proved to be more resilient than anticipated."So far, commodities have held up the flag on the export side, countering the falling external demand for electronic products," HSBC Global Research said in a note yesterday.Looking ahead, it said the global slowdown will continue and broaden with the protracted sovereign debt crisis in the eurozone expected to remain a drag on global trade.
However, solid domestic demand is expected to cushion against the slowdown spilling over through the external channel.The research house said Bank Negara Malaysia's move to keep on hold any changes to rates has been also justified with the better exports and production figures."This, however, may change if the global weakness lingers," it added. Bernama
Source : Bernama
Date : December 2011
Afternoon Highlight (15/12/11/209/518)
Today's Pick (15/12/11/221/671) TM expects 200,000 SME subscribers for its cloud service product
TM expects 200,000 SME subscribers for its cloud service product
KUALA LUMPUR: Telekom Malaysia Bhd (TM) is expecting more than 200,000 small and medium enterprises (SMEs) to use the latest cloud computing technique Office 365 in the next three years.
TM collaborated with Microsoft Malaysia to expand its cloud services offering, by including Microsoft Office 365 as part of TM's software service, which would be delivered through TM's wholly-owned subsidiary, VADS Bhd.
The syndicate partnership was formed to bring Office 365 to Malaysian businesses throughout the country.
VADS CEO and TM executive vice-president of the enterprise division Ghazali Omar, said: “Office 365 will strengthen our cloud offering to the market, joining a family of applications and solutions in our cloud portal.”
Microsoft managing director Ananth Lazarus said TM was the ideal syndication partner that could help Microsoft bring the benefits of Office 365 to all businesses.
He said both Microsoft and TM had the same vision to empower Malaysian businesses with world-class information and communication technology (ICT) solutions.
TM is Malaysia's leading broadband provider with a 95% share of the Malaysian fixed broadband market.
The software is mainly targeted at SMEs. With Office 365, customers will be able to learn and use Office Web Apps, Microsoft Exchange Online, Microsoft SharePoint Online, Microsoft Lync Online and to set up an external website quickly and easily.
SMEs will be able to have full access to e-mail, documents, calendars and contacts across different technology mediums.
They will also be able to view, edit and share documents securely with colleagues and business partners.
“For now, we are targeting the SMEs but we are going to look at the Government and infrastructure segments as well,” said Ghazali, adding that TM was the only service provider in Malaysia that provided dedicated 24/7 local technical support for Office 365.
At present, there are 450,000 SMEs using TM Internet services. The software would be available next month at an undisclosed cost.
Source : The Star
Date : 15 December 2011
Today's Pick (15/12/11/221/671)
Afternoon Highlihght (13/12/11/205/463) Sumbangan francais diunjur meningkat
Sumbangan francais diunjur meningkat
SUMBANGAN industri francais kepada kepada nilai Keluaran Dalam Negara Kasar (KDNK) Malaysia disasarkan meningkat sehingga sekali ganda kepada 4.3 peratus menjelang 2016 daripada 2.2 peratus ketika ini. Pertumbuhan kukuh itu dijangka dicapai melalui pelaksanaan Pelan Induk Pembangunan Francais Nasional 2012-2016 yang bakal menetapkan hala tuju strategik membangunkan industri itu supaya ia berdaya saing serta mampu memanfaatkan penggiat industri francais negara.
Pelan yang akan dilancarkan di Pusat Dagangan Dunia Putra (PWTC), Kuala Lumpur pada 10 Januari depan itu menyasar pertambahan bilangan syarikat francais, peningkatan pendapatan dan peluang pekerjaan, sekali gus menyasar Malaysia sebagai pusat francais bagi rantau Asia Tenggara dan Asia Barat menjelang 2020.
Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri Ismail Sabri Yaakob, berkata kerajaan yakin Malaysia mampu menjadi pusat francais di rantau ini kerana mempunyai peruntukan khusus untuk mengawal selia industri berkenaan. Beliau berkata, ketika ini, Malaysia adalah satu-satunya negara di rantau ini yang mempunyai akta khusus untuk francais iaitu Akta Francais 1998, mempunyai badan menyediakan pinjaman seperti Perbadanan Nasional Bhd (PNS) serta mempunyai akademi untuk melahirkan francaisor dan francaisi. Kami kini menggalakkan penggiat francais negara untuk berkembang dengan memasuki pasaran ASEAN terutama Indonesia, China dan Asia Barat, katanya dalam temubual di pejabatnya di Putrajaya, baru-baru ini. Industri francais yang bertapak di negara ini pada awal 1990-an kini mempunyai kira-kira 573 francaisor yang berdaftar, peningkatan lebih 44 peratus berbanding 396 pada 2009 sejak diletakkan di bawah kementerian berkenaan. Dilaporkan kini terdapat sebanyak 5,315 francaisi di seluruh negara dengan 36 francaisor tempatan sudah berkembang ke 50 negara asing dengan Indonesia mempunyai francaisor tempatan teramai iaitu sebanyak 18 francaisor.
Selain itu, Ismail Sabri berkata, pihaknya juga kini giat menggalakkan perniagaan francais mikro bagi menarik orang ramai terutama di kawasan bandar kecil dan luar bandar membabitkan diri dalam perniagaan francais. Mulai bulan lalu, kementerian memulakan program francais mikro untuk menggalakkan orang ramai dalam perniagaan dengan modal di bawah RM50,000. Ketika ini, sudah ada 34 francaisor mikro yang akan dibangunkan untuk membantu mewujudkan lebih banyak francaisi dengan kementerian kini melaksanakan program komuniti francais di kawasan luar bandar dan bandar kecil untuk menggalakkan orang ramai menyertai perniagaan francais, katanya.
Sementara itu, perunding francais, Hasril Noordin, berkata landskap industri francais di Malaysia kini berkembang dengan pesat melalui sokongan padu kementerian sehingga berkembang di dalam dan luar negara. Beliau berkata, melalui bantuan pembiayaan mikro yang disediakan kerajaan, ia dapat mengembangkan industri dan peluang perniagaan kepada pihak francaisor dan francaisi. Saya yakin kerajaan dapat meningkatkan pembangunan kapasiti dan kapabiliti penggerak francais dan menjadikan industri francais sebagai salah satu enjin pembangunan negara, katanya
Source : Berita Harian
Date : 12 Disember 2011
Afternoon Highlihght (13/12/11/205/463)
SUMBANGAN industri francais kepada kepada nilai Keluaran Dalam Negara Kasar (KDNK) Malaysia disasarkan meningkat sehingga sekali ganda kepada 4.3 peratus menjelang 2016 daripada 2.2 peratus ketika ini. Pertumbuhan kukuh itu dijangka dicapai melalui pelaksanaan Pelan Induk Pembangunan Francais Nasional 2012-2016 yang bakal menetapkan hala tuju strategik membangunkan industri itu supaya ia berdaya saing serta mampu memanfaatkan penggiat industri francais negara.
Pelan yang akan dilancarkan di Pusat Dagangan Dunia Putra (PWTC), Kuala Lumpur pada 10 Januari depan itu menyasar pertambahan bilangan syarikat francais, peningkatan pendapatan dan peluang pekerjaan, sekali gus menyasar Malaysia sebagai pusat francais bagi rantau Asia Tenggara dan Asia Barat menjelang 2020.
Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri Ismail Sabri Yaakob, berkata kerajaan yakin Malaysia mampu menjadi pusat francais di rantau ini kerana mempunyai peruntukan khusus untuk mengawal selia industri berkenaan. Beliau berkata, ketika ini, Malaysia adalah satu-satunya negara di rantau ini yang mempunyai akta khusus untuk francais iaitu Akta Francais 1998, mempunyai badan menyediakan pinjaman seperti Perbadanan Nasional Bhd (PNS) serta mempunyai akademi untuk melahirkan francaisor dan francaisi. Kami kini menggalakkan penggiat francais negara untuk berkembang dengan memasuki pasaran ASEAN terutama Indonesia, China dan Asia Barat, katanya dalam temubual di pejabatnya di Putrajaya, baru-baru ini. Industri francais yang bertapak di negara ini pada awal 1990-an kini mempunyai kira-kira 573 francaisor yang berdaftar, peningkatan lebih 44 peratus berbanding 396 pada 2009 sejak diletakkan di bawah kementerian berkenaan. Dilaporkan kini terdapat sebanyak 5,315 francaisi di seluruh negara dengan 36 francaisor tempatan sudah berkembang ke 50 negara asing dengan Indonesia mempunyai francaisor tempatan teramai iaitu sebanyak 18 francaisor.
Selain itu, Ismail Sabri berkata, pihaknya juga kini giat menggalakkan perniagaan francais mikro bagi menarik orang ramai terutama di kawasan bandar kecil dan luar bandar membabitkan diri dalam perniagaan francais. Mulai bulan lalu, kementerian memulakan program francais mikro untuk menggalakkan orang ramai dalam perniagaan dengan modal di bawah RM50,000. Ketika ini, sudah ada 34 francaisor mikro yang akan dibangunkan untuk membantu mewujudkan lebih banyak francaisi dengan kementerian kini melaksanakan program komuniti francais di kawasan luar bandar dan bandar kecil untuk menggalakkan orang ramai menyertai perniagaan francais, katanya.
Sementara itu, perunding francais, Hasril Noordin, berkata landskap industri francais di Malaysia kini berkembang dengan pesat melalui sokongan padu kementerian sehingga berkembang di dalam dan luar negara. Beliau berkata, melalui bantuan pembiayaan mikro yang disediakan kerajaan, ia dapat mengembangkan industri dan peluang perniagaan kepada pihak francaisor dan francaisi. Saya yakin kerajaan dapat meningkatkan pembangunan kapasiti dan kapabiliti penggerak francais dan menjadikan industri francais sebagai salah satu enjin pembangunan negara, katanya
Source : Berita Harian
Date : 12 Disember 2011
Afternoon Highlihght (13/12/11/205/463)
Today's Pick (14/12/11/220/670) Noor Arfa Holding Raih Anugerah Korporat Mara
Noor Arfa Holding Raih Anugerah Korporat Mara
KUALA TERENGGANU: Pengusaha songket dan batik tersohor di Terengganu, Noor Arfa Holding Sdn Bhd, memenangi Anugerah Usahawan Mara 2011 bagi kategori korporat.
Timbalan Pengarah Mara Negeri, Mohd Tahir Mat Yusofh berkata anugerah berkenaan yang memberi pengiktirafan kepada usahawan yang cemerlang, akan menggalakkan usahawan meningkatkan usaha.
"Ini sebagai suntikan semangat kepada usahawan-usahawan Bumiputera bagi meningkatkan usaha supaya mereka terus maju pada masa akan datang," katanya kepada Bernama di sini, Selasa.
Beliau berkata Noor Arfa Holding yang mempunyai kilang di Terenggnu dan Melaka telah dicalonkan oleh Mara Terengganu pada 2010 untuk kategori yang sama tetapi tidak berjaya.
Mohd Tahir berkata syarikat itu diterajui Wan Mohd Ariffin Wang Long, 55, bekas pembantu makmal Pusat Kraftangan Terengganu, dibantu isterinya Noor Hijerah Hanafiah, 54 tahun.
Noor Arfa Holding merupakan syarikat yang berjaya di Terengganu dan menerima banyak kemudahan Mara yang menjadi antara kriteria memenangi anugerah itu.Sementara itu, Mohd Tahir berkata sehingga akhir 2011, Mara berjaya melahirkan kira-kira 3,000 usahawan Bumiputera di negeri itu dan jumlah itu dijangka meningkat tahun depan.
Mara turut membantu kontraktor kelas F, E dan D dengan memperkenalkan Skim Pembiayaan Kontrak Ekspres (SPiKE), di mana Mara boleh membiayai sehingga 75 peratus daripada nilai atau harga kontrak kerja kontraktor-kontraktor berkenaan.
Tempoh kelulusan dan pengeluaran wang adalah tiga hari dari tarikh permohonan lengkap diterima oleh Mara.
Mohd Tahir berkata Mara mengeluarkan keseluruhan jumlah pembiayaan perniagaan melebihi RM27.558 juta kepada usahawan dan untuk SPiKE, Mara mengeluarkan pembiayaan RM18.317 juta di Terengganu.
Mohd Tahir berkata pada ketika ini, Mara masih mengekalkan kemudahan sedia ada seperti kemudahan Skim Pembiayaan Peningkatan Perniagaan (3P) serta kemudahan dalam urusan latihan keusahawanan.
Mohd Tahir berkata program terbaharu Mara ialah Program UK Dinamik selain Skim Pembiayaan SPiKE bagi meningkatkan pendapatan kumpulan usahawan kecil dari kalangan penjaja dan peniaga kecil.
"Ini selaras dengan hasrat Malaysia untuk menjadi negara berpendapatan tinggi pada masa akan datang," katanya.
Program UK Dinamik itu menawarkan Skim "Al-Ghardul Hassan" pembiayaan Islam berkonsepkan kebajikan tanpa caj keuntungan di samping pakej bimbingan, perundingan dan pemasaran.
Pembiayaan maksimum adalah sehingga RM10,000 tanpa keuntungan, contohnya sekiranya usahawan meminjam RM5,000 maka usahawan berkenaan hanya membayar sebanyak RM5,000 sahaja. - BERNAMA
Source : Bernama
Date : 14 December 2011
Today's Pick (14/12/11/220/670)
KUALA TERENGGANU: Pengusaha songket dan batik tersohor di Terengganu, Noor Arfa Holding Sdn Bhd, memenangi Anugerah Usahawan Mara 2011 bagi kategori korporat.
Timbalan Pengarah Mara Negeri, Mohd Tahir Mat Yusofh berkata anugerah berkenaan yang memberi pengiktirafan kepada usahawan yang cemerlang, akan menggalakkan usahawan meningkatkan usaha.
"Ini sebagai suntikan semangat kepada usahawan-usahawan Bumiputera bagi meningkatkan usaha supaya mereka terus maju pada masa akan datang," katanya kepada Bernama di sini, Selasa.
Beliau berkata Noor Arfa Holding yang mempunyai kilang di Terenggnu dan Melaka telah dicalonkan oleh Mara Terengganu pada 2010 untuk kategori yang sama tetapi tidak berjaya.
Mohd Tahir berkata syarikat itu diterajui Wan Mohd Ariffin Wang Long, 55, bekas pembantu makmal Pusat Kraftangan Terengganu, dibantu isterinya Noor Hijerah Hanafiah, 54 tahun.
Noor Arfa Holding merupakan syarikat yang berjaya di Terengganu dan menerima banyak kemudahan Mara yang menjadi antara kriteria memenangi anugerah itu.Sementara itu, Mohd Tahir berkata sehingga akhir 2011, Mara berjaya melahirkan kira-kira 3,000 usahawan Bumiputera di negeri itu dan jumlah itu dijangka meningkat tahun depan.
Mara turut membantu kontraktor kelas F, E dan D dengan memperkenalkan Skim Pembiayaan Kontrak Ekspres (SPiKE), di mana Mara boleh membiayai sehingga 75 peratus daripada nilai atau harga kontrak kerja kontraktor-kontraktor berkenaan.
Tempoh kelulusan dan pengeluaran wang adalah tiga hari dari tarikh permohonan lengkap diterima oleh Mara.
Mohd Tahir berkata Mara mengeluarkan keseluruhan jumlah pembiayaan perniagaan melebihi RM27.558 juta kepada usahawan dan untuk SPiKE, Mara mengeluarkan pembiayaan RM18.317 juta di Terengganu.
Mohd Tahir berkata pada ketika ini, Mara masih mengekalkan kemudahan sedia ada seperti kemudahan Skim Pembiayaan Peningkatan Perniagaan (3P) serta kemudahan dalam urusan latihan keusahawanan.
Mohd Tahir berkata program terbaharu Mara ialah Program UK Dinamik selain Skim Pembiayaan SPiKE bagi meningkatkan pendapatan kumpulan usahawan kecil dari kalangan penjaja dan peniaga kecil.
"Ini selaras dengan hasrat Malaysia untuk menjadi negara berpendapatan tinggi pada masa akan datang," katanya.
Program UK Dinamik itu menawarkan Skim "Al-Ghardul Hassan" pembiayaan Islam berkonsepkan kebajikan tanpa caj keuntungan di samping pakej bimbingan, perundingan dan pemasaran.
Pembiayaan maksimum adalah sehingga RM10,000 tanpa keuntungan, contohnya sekiranya usahawan meminjam RM5,000 maka usahawan berkenaan hanya membayar sebanyak RM5,000 sahaja. - BERNAMA
Source : Bernama
Date : 14 December 2011
Today's Pick (14/12/11/220/670)
Afternoon Highlight (14/12/11/208/517) Pembungkusan mesra alam tembusi pasaran UK
Pembungkusan mesra alam tembusi pasaran UK
KUALA LUMPUR 12 Dis. - Pembuat produk pembungkusan tempatan perlu meningkatkan inovasi mereka dalam menghasilkan pembungkusan mesra alam bagi memudahkan usaha menerokai pasaran di United Kingdom (UK).
Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade) dalam kenyataannya berkata, baru-baru ini Bahagian Persekitaran Makanan dan Perhubungan Luar Bandar UK (DEFRA) telah melancarkan peraturan baharu bagi mengurangkan sisa buangan.
Negara berkenaan, telah bekerjasama dengan usahawan tempatan bagi menggalakkan penggunaan bahan kitar semula dalam pembungkusan sesuatu produk.
''Pengurangan sisa buangan merupakan gaya hidup terbaharu masyarakat dan industri pembungkusan plastik di sana. Oleh itu syarikat Malaysia dinasihatkan supaya peka dengan situasi berkenaan.
''Syarikat tempatan dinasihatkan supaya mengikuti peraturan baharu berkenaan sebelum mengeksport produk pembungkusan ke negara berkenaan atau rantau Eropah,'' katanya.
Antara kehendak rakyat negara berkenaan adalah pembungkusan yang minimum, mudah dibuka, boleh dikitar semula, berpatutan dan mempunyai label yang lengkap.
Berdasarkan maklumat diberi, pengeksport tempatan dinasihatkan supaya membuat perubahan dalam produk mereka agar memenuhi kriteria dan kehendak di sana.
Source : Utusan Malaysia
Date : 13 December 2011
Afternoon Highlight (14/12/11/208/517)
KUALA LUMPUR 12 Dis. - Pembuat produk pembungkusan tempatan perlu meningkatkan inovasi mereka dalam menghasilkan pembungkusan mesra alam bagi memudahkan usaha menerokai pasaran di United Kingdom (UK).
Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade) dalam kenyataannya berkata, baru-baru ini Bahagian Persekitaran Makanan dan Perhubungan Luar Bandar UK (DEFRA) telah melancarkan peraturan baharu bagi mengurangkan sisa buangan.
Negara berkenaan, telah bekerjasama dengan usahawan tempatan bagi menggalakkan penggunaan bahan kitar semula dalam pembungkusan sesuatu produk.
''Pengurangan sisa buangan merupakan gaya hidup terbaharu masyarakat dan industri pembungkusan plastik di sana. Oleh itu syarikat Malaysia dinasihatkan supaya peka dengan situasi berkenaan.
''Syarikat tempatan dinasihatkan supaya mengikuti peraturan baharu berkenaan sebelum mengeksport produk pembungkusan ke negara berkenaan atau rantau Eropah,'' katanya.
Antara kehendak rakyat negara berkenaan adalah pembungkusan yang minimum, mudah dibuka, boleh dikitar semula, berpatutan dan mempunyai label yang lengkap.
Berdasarkan maklumat diberi, pengeksport tempatan dinasihatkan supaya membuat perubahan dalam produk mereka agar memenuhi kriteria dan kehendak di sana.
Source : Utusan Malaysia
Date : 13 December 2011
Afternoon Highlight (14/12/11/208/517)
Today's Pick (13/12/11/219/659) English mastery key to FDI inflows
English mastery key to FDI inflows
KUALA LUMPUR: The Malaysian workforce is currently blessed with the “distinct advantage” of its citizens being well-versed in the English language, which is the language of business.
According to global consultancy firm AT Kearney, this is a key factor in Malaysia’s ability to attract foreign direct investments (FDIs).
Its managing director Joon Ooi said Singapore and the Philippines are the other countries in the Asean region with this competitive edge.
Although fluency in English is just one of many factors that determine the flow of FDIs, it is important for Malaysia not to lose out in this area if its workforce is to remain competent.
Kearney’s FDI Confidence Index 2012 that was released last week ranked Malaysia as the 10th most attractive FDI destination, a major improvement from its 21st position the previous year.
The index also showed that Indonesia improved its ranking to 9th spot from 20th spot previously.
The survey interviewed more than 200 senior executives from 27 countries in 17 industry sectors with annual global sales of more than US$1trillion.
Source : The Star
Date : 13 December 2011
Today's Pick (13/12/11/219/659)
Afternoon Highlight (12/12/11/205/462) Safeguarding internal data crucial for SMEs: Symantec
Safeguarding internal data crucial for SMEs: Symantec
PROTECTING internal information is very crucial for small- and medium-sized enterprises (SMEs) in order to become more competitive in today's world.
And more local SMEs are encouraged to go online in managing their businesses. However, one of the threats of the Internet is that SMEs are vulnerable to cyber attacks.
Symantec Corp principal consultant for AsiaSouth region, Nigel Tan, said based on Symantec's small- and medium- sized businesses (SMB) Threat Awareness Poll, there is high awareness on cyber attacks among SMEs but they do not regard themselves as one of the potential victims."As a result, they are not implementing proper safeguards to protect their information," he said.The polls covered 1,900 SMBs worldwide including Malaysia to find out their awareness on security threats and how well they are prepared in protecting themselves from cyber threats.
Tan said looking forward, there are certain things that SMEs should be looking at. These are the explosion of smart mobile devices, increased cyber crime that spreads from criminal underground to business mainstream, and better critical information governance."We are in the digital age. It makes it easier and efficient for us to move information around but it also makes it easier for the attackers to steal. "And it's not just attackers, it's also easy for an employee to make a copy of the data and then go off to competitors," he said. He added that although technology is advancing and has helped build a platform for many businesses, the security of internal information for many SMEs is still weak. "It's more efficient but is it more secure? Because you've now got another surface area for attackers to hit an organisation... With technology the question now is will my data become more secure? What happens if I lose that device?" he said. Tan said cyber attacks could decrease business productivity, contribute to revenue loss, drive customers away, and provide hackers an access to proprietary information."The underlying reason for all this is always because the attackers either do it for money or for some other motives, like to bring down an organisation," he said.
Local SMEs constitute 99.2 per cent of the total business establishment, and contribute about 32 per cent to the gross domestic product (GDP) and 59 per cent to total employment in the country.The highest growth for SMEs was seen in the manufacturing sector, followed by construction and services sectors.
Source : New Straits Times
Date : 12 December 2011
Afternoon Highlight (12/12/11/205/462)
PROTECTING internal information is very crucial for small- and medium-sized enterprises (SMEs) in order to become more competitive in today's world.
And more local SMEs are encouraged to go online in managing their businesses. However, one of the threats of the Internet is that SMEs are vulnerable to cyber attacks.
Symantec Corp principal consultant for AsiaSouth region, Nigel Tan, said based on Symantec's small- and medium- sized businesses (SMB) Threat Awareness Poll, there is high awareness on cyber attacks among SMEs but they do not regard themselves as one of the potential victims."As a result, they are not implementing proper safeguards to protect their information," he said.The polls covered 1,900 SMBs worldwide including Malaysia to find out their awareness on security threats and how well they are prepared in protecting themselves from cyber threats.
Tan said looking forward, there are certain things that SMEs should be looking at. These are the explosion of smart mobile devices, increased cyber crime that spreads from criminal underground to business mainstream, and better critical information governance."We are in the digital age. It makes it easier and efficient for us to move information around but it also makes it easier for the attackers to steal. "And it's not just attackers, it's also easy for an employee to make a copy of the data and then go off to competitors," he said. He added that although technology is advancing and has helped build a platform for many businesses, the security of internal information for many SMEs is still weak. "It's more efficient but is it more secure? Because you've now got another surface area for attackers to hit an organisation... With technology the question now is will my data become more secure? What happens if I lose that device?" he said. Tan said cyber attacks could decrease business productivity, contribute to revenue loss, drive customers away, and provide hackers an access to proprietary information."The underlying reason for all this is always because the attackers either do it for money or for some other motives, like to bring down an organisation," he said.
Local SMEs constitute 99.2 per cent of the total business establishment, and contribute about 32 per cent to the gross domestic product (GDP) and 59 per cent to total employment in the country.The highest growth for SMEs was seen in the manufacturing sector, followed by construction and services sectors.
Source : New Straits Times
Date : 12 December 2011
Afternoon Highlight (12/12/11/205/462)
TODAYS PICK (12/12/11/218/658) SMEs shy away from govt grants
SMEs shy away from govt grants
Malaysia's small and medium enterprises (SMEs) are not keen on taking up grants by the government, especially for biomass projects, because of the tedious application process.
EU-Malaysia Biomass Sustainable Production Initiative technical adviser Datuk Leong Kin Mun said the application forms are "more than 40 pages" and ask a lot of open ended questions."You can go on for 100 pages if you're answering an open ended question. No one knows where to stop!" Leong said, when met at the pre-launch of the EU-Asia Biomass Best Practices and Business Partering Conference 2012 here yesterday.He said SMEs keen to undertake such projects did not have the time to prepare for the proposals, although his team was willing to assist."They'd rather invest their own money or take a bank loan with minimal interests. Only the ones that need the grant desperately are willing to spend the time to apply," he said.
Leong, however, said banks too were a hard nut to crack as many had low appetites for financing such projects.
"They just don't want to take the risk and have told us to take the top down approach to solve this problem. Meaning going to the Prime Minister or Bank Negara if we want to see more banks lending money to biomass projects. This is something that we are doing now," he said.
Leong said many companies prefer to take bank loans because they are always in control and do not have to sell their companies and lose their controlling stake, which is often the case when a foreign investor gets in."These companies prefer a bank loan but at present, there are more European investors who are keen to invest in biomass companies in Malaysia than banks," he said.Leong said next year's EU-Asia Biomas Best Practices and Business Patnering Conference 2012 from May 7 to 10 aims to do just that.
"More than 50 European companies are expected to attend the event and will invest a total of RM300 million in cumulative investments," he said.
Leong said the event plans to match deserving Malaysian companies with European investors in projects such as bio-fertiliser, bio-composite, bio-plastic, biomas-power plant and bio-gas project.
"At present we are already matching two companies with two investors, one from Ireland and the other from China. One of these companies already got a project to supply renewable energy to Tenaga Nasional Bhd. Both these companies need RM100 million each," he said.
Also present was EU ambassador to Malaysia Vincent Piket.
"Buyers are interested in bio-composite products made of rice-husks, palm biomass pellets, wood pellets, palm kernel shells and biomas briquettes. Investors are interested in wood pellets production plant, biomass power plant and methane capture biogass projects," Piket said.
Source : New Straits Times
Date : 10 December 2011
TODAYS PICK (12/12/11/218/658)
Afternoon Highlight (09/12/11/203/460) Gathering of batik enthusiasts
Gathering of batik enthusiasts
ENTREPRENEURS, batik artists and those interested in learning the latest batik-making techniques should head to the Kuala Lumpur International Batik Convention and Exhibition 2011 (KLIB 2011) that is being held from today until Sunday.
The event, organised by Yayasan Budi Penyayang Malaysia (Penyayang) with the cooperation of the Tourism Ministry. will take place at Kuala Lumpur Convention Centre.
Among the goals of the event is to develop an international network of batik enthusiasts and foster closer ties among batik-producing countries. The latest techniques, technology and marketing strategies for the batik crafts and industry, as well as it future, will be discussed at the convention.
Also, 19 batik experts from around the world, including policy-makers in the handicraft industry and textile producers, will attend the convention.
The speakers include Miyoko Kawahito (Japan), Joan Sung (Korea), Susan McLean (Australia) and Edric Ong from Malaysia.
Penyayang chief executive officer Datuk Leela Mohd Ali said undergraduates who are keen in learning more about the batik industry should attend the convention.
"There are new types of wax, and environmental-friendly dyes, for example," said Leela.
There will also be a batik handicraft corner exhibiting prototypes of items comprising batik motifs.
Leela also welcomed business entrepreneurs to visit the exhibition to get ideas.
"We will be displaying all the prototypes with batik motifs. Those interested to venture into the craft business will benefit from the exhibition. We feel some of the items exhibited have potential to be great souvenirs," she said.
Batik makers from Kelantan and Terengganu will also be showcasing their batik prints.
There are over 100 booths at the exhibition. The event will also have fashion shows by Persatuan Pembatek Melayu Pantai Timur, Galeri Seri Endon, Gahara Galore Sdn Bhd and Persatuan Pengusaha-Pengusaha Batik Negri Terengganu, among others. Admission is free.
For more information, call 03-8946 0222, or email to yabpm@tm.net.my. For more information the exhibition, call 03-8024 6500, email to info@expomal.com, or visit www.klib.com.my
Source : New Straits Times
Date : 9 December 2011
Afternoon Highlight (09/12/11/203/460)
ENTREPRENEURS, batik artists and those interested in learning the latest batik-making techniques should head to the Kuala Lumpur International Batik Convention and Exhibition 2011 (KLIB 2011) that is being held from today until Sunday.
The event, organised by Yayasan Budi Penyayang Malaysia (Penyayang) with the cooperation of the Tourism Ministry. will take place at Kuala Lumpur Convention Centre.
Among the goals of the event is to develop an international network of batik enthusiasts and foster closer ties among batik-producing countries. The latest techniques, technology and marketing strategies for the batik crafts and industry, as well as it future, will be discussed at the convention.
Also, 19 batik experts from around the world, including policy-makers in the handicraft industry and textile producers, will attend the convention.
The speakers include Miyoko Kawahito (Japan), Joan Sung (Korea), Susan McLean (Australia) and Edric Ong from Malaysia.
Penyayang chief executive officer Datuk Leela Mohd Ali said undergraduates who are keen in learning more about the batik industry should attend the convention.
"There are new types of wax, and environmental-friendly dyes, for example," said Leela.
There will also be a batik handicraft corner exhibiting prototypes of items comprising batik motifs.
Leela also welcomed business entrepreneurs to visit the exhibition to get ideas.
"We will be displaying all the prototypes with batik motifs. Those interested to venture into the craft business will benefit from the exhibition. We feel some of the items exhibited have potential to be great souvenirs," she said.
Batik makers from Kelantan and Terengganu will also be showcasing their batik prints.
There are over 100 booths at the exhibition. The event will also have fashion shows by Persatuan Pembatek Melayu Pantai Timur, Galeri Seri Endon, Gahara Galore Sdn Bhd and Persatuan Pengusaha-Pengusaha Batik Negri Terengganu, among others. Admission is free.
For more information, call 03-8946 0222, or email to yabpm@tm.net.my. For more information the exhibition, call 03-8024 6500, email to info@expomal.com, or visit www.klib.com.my
Source : New Straits Times
Date : 9 December 2011
Afternoon Highlight (09/12/11/203/460)
Today's Pick (09/12/11/217/657) UAE businesswomen look at opportunities in Islamic finance and halal food
UAE businesswomen look at opportunities in Islamic finance and halal food
President of the Abu Dhabi Business Women Council and chief operating officer of Al Jaber Group Fatima Al Jaber said Islamic finance and halal food were the two mutual areas that Malaysia and UAE could work together.
"Islamic finance is a very important sector that Malaysia is pioneering and I chair an investment bank (in the UAE). We are looking into investment opportunities in Malaysia," she told Bernama after the UAE - Malaysia Power Ladies Roundtable 2011 here today.
Al Jaber is among ten influential UAE businesswomen who are in Malaysia for the Power Ladies UAE-Malaysia Roundtable 2011 tour. The Power Ladies tour, organised by Inside Investor, runs from December 5-9 and is aimed at providing the UAE guests with a greater understanding of the business opportunities available in Malaysia.
She said UAE offered huge opportunities for Malaysians in many areas included leisure, hotel, sports, property, healthcare and education.
"UAE is a consumer market. The sports and healthcare industry are growing. Education is another area. We have all types of school and universities in the UAE. There is also a great demand for certain types of properties there," she said.
She also said that financial services were another area Malaysians could tap as foreigners were currently involved in the business in the Emirates.
"The should be two-way (business ties)...Malaysians should come to UAE and venture into these areas," she added.
The Power Ladies group also mentioned that three important areas that they would look into before venturing into businesses in Malaysia were government rules regulations, taxation and the business environment.
The group, over the previous two days, met Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz, Malaysia External Trade Development Corporation chief executive officer Dr Wong Lai Sum, chief executive officer of the Malaysian Investment Development Authority Datuk Noharuddin Nordin, SME Corp Chief Operating Officer Datuk Hafsah Hashim.
Today, they are scheduled to meet the Prime Minister's wife Datin Seri Rosmah Mansor and Duli Yang Maha Mulia Raja Permaisuri Agong Tuanku Nur Zahirah. -- BERNAMA
Source : Bernama Date : December 2011
Today's Pick (09/12/11/217/657)
Afternoon Highlight (08/12/11/202/460) European SMEs Eye Asean As New Export Markets
European SMEs Eye Asean As New Export Markets
By: Ramjit-->From Samantha Tan Chiew Ting BRUSSELS, Dec 8 (Bernama) -- Asean is becoming a focus among European companies especially the small and medium enterprises to export their goods and services given the impressive growth rate in the region and plans to form a single market by 2015.
Freya Lemcke, Advisor International Affairs at the Association of European Chambers of Commerce and Industry (Eurochambres), said interest from the Europeans to access Asean markets was growing amid the advancing regional integration and the region's location as a hub to enter the rest of Asia.
"Next year, business initiated via small and medium enterprises with Asean will grow," she told Southeast Asian journalists in conjunction with the trade seminar organised by the European Union's Directorates-General for Trade and co-organised by the European Journalism Centre here from Dec 5 to 7.
A survey by Eurochambres shows nearly 70,000 businesses across 25 European countries highlight export markets as the main source of optimism for 2012, a year that will otherwise be characterised by restricted investment, negligible job creation and constrained domestic sales.
Lemcke said Europe's business community especially the small and medium companies showed interest to move out even before the debt crisis as they were aware the future of growth was abroad due to the limited growth potential in Europe.
However, to tap Asean markets was not easy as they had to comply with different rules and regulations as well as tariff standards, she said.
She added that the Asean integration framework had boosted interest among Europe enterprises to venture the Asean market because an integrated market was more interesting for them.
Lemcke said European enterprises were increasingly exporting innovative solutions in the services sector like information and communication technology (ICT) and components related to the green energy industry.
However, she said, it was always not easy to enter a new market especially with different cultures coupled with concerns about labour, production cost, intellectual property rights, incentive, taxe, transparency, rules and regulations, public procurement and sustainability issues.
Eurochambres, established in 1958 as a direct response to the creation of the European Union community, represents over 20 million enterprises in Europe - 93 per cent of which are SMEs - through members in 45 countries and a European network of 2,000 regional and local chambers.-- BERNAMA
Source: Bernama
Date: 8 December 2011
Afternoon Highlight (08/12/11/202/460)
By: Ramjit-->From Samantha Tan Chiew Ting BRUSSELS, Dec 8 (Bernama) -- Asean is becoming a focus among European companies especially the small and medium enterprises to export their goods and services given the impressive growth rate in the region and plans to form a single market by 2015.
Freya Lemcke, Advisor International Affairs at the Association of European Chambers of Commerce and Industry (Eurochambres), said interest from the Europeans to access Asean markets was growing amid the advancing regional integration and the region's location as a hub to enter the rest of Asia.
"Next year, business initiated via small and medium enterprises with Asean will grow," she told Southeast Asian journalists in conjunction with the trade seminar organised by the European Union's Directorates-General for Trade and co-organised by the European Journalism Centre here from Dec 5 to 7.
A survey by Eurochambres shows nearly 70,000 businesses across 25 European countries highlight export markets as the main source of optimism for 2012, a year that will otherwise be characterised by restricted investment, negligible job creation and constrained domestic sales.
Lemcke said Europe's business community especially the small and medium companies showed interest to move out even before the debt crisis as they were aware the future of growth was abroad due to the limited growth potential in Europe.
However, to tap Asean markets was not easy as they had to comply with different rules and regulations as well as tariff standards, she said.
She added that the Asean integration framework had boosted interest among Europe enterprises to venture the Asean market because an integrated market was more interesting for them.
Lemcke said European enterprises were increasingly exporting innovative solutions in the services sector like information and communication technology (ICT) and components related to the green energy industry.
However, she said, it was always not easy to enter a new market especially with different cultures coupled with concerns about labour, production cost, intellectual property rights, incentive, taxe, transparency, rules and regulations, public procurement and sustainability issues.
Eurochambres, established in 1958 as a direct response to the creation of the European Union community, represents over 20 million enterprises in Europe - 93 per cent of which are SMEs - through members in 45 countries and a European network of 2,000 regional and local chambers.-- BERNAMA
Source: Bernama
Date: 8 December 2011
Afternoon Highlight (08/12/11/202/460)
Today's Pick (08/12/11/216/656) PKS: Microsoft beri komitmen RM20 juta komputer awan
PKS: Microsoft beri komitmen RM20 juta komputer awan
KUALA LUMPUR 5 Dis. - Microsoft Malaysia hari ini mengumumkan komitmen pelaburan sebanyak RM20.8 juta bagi menyediakan teknologi perkomputeran awan (cloud computing) kepada 50,000 perusahaan kecil dan sederhana (PKS) tempatan tahun ini.
Pengarah Urusan Microsoft Malaysia, Ananth Lazarus berkata, penyediaan perkomputeran awan melalui Office 365 membolehkan PKS meningkatkan keupayaan perniagaan mereka merentas masa dan tempat.
Katanya, penyediaan pengkomputeran awan membolehkan PKS Malaysia merealisasikan kelebihan perniagaan dan kompetitif melalui penggunaan Microsof Office 365 untuk mereka cipta, edit, simpan dan kongsi idea dan kerja di dalam sistem itu.
"Kami amat komited untuk membantu PKS tempatan dan berhasrat untuk bekerja sama dengan SME Corp bagi meluaskan program ini," katanya.
Beliau berkata demikian selepas mengumumkan kerjasama itu di sini hari ini. Turut hadir Ketua Pegawai Eksekutif SME Corp., Datuk Hafsah Hashim.
Pakej Office 365 yang ditawarkan kepada pelanggan SME Corp menggabungkan kekuatan aplikasi Office Web Apps dengan emel, dokumen kongsi, pesanan cepat, video dan persidangan web kelas perusahaan yang sentiasa disokong dan dikemaskini oleh Microsoft dengan harga RM19 sebulan.
Selain itu, Microsoft dan SME Corp akan mengadakan pelbagai kursus latihan serta mengadakan SME Helpdesk di ibu pejabat SME Corp untuk membantu PKS di dalam memahirkan penggunaan Office 365.
Menurut Lazarus, sebagai permulaan sebanyak 200 PKS pertama mendaftar untuk Office 365 melalui SME Corp akan menerima pakej Quick Start bertujuan memahirkan mereka menggunakan teknologi tersebut secepat mungkin.
Sementara itu, Hafsah berkata, kejayaan sesebuah PKS itu bergantung kepada daya kecekapan mereka mengguna pakai teknologi maklumat yang kini lebih efisien dan berdaya maju.
Beliau berkata, sebanyak 99.2 peratus perniagaan di Malaysia adalah berasaskan PKS di mana ia mewakili 56 peratus pekerja di Malaysia dan menghasilkan 32 peratus Keluaran Dalam Negara Kasar (KDNK) negara.
"Hanya melalui teknologi maklumat PKS mampu mengembangkan perniagaan mereka ke luar negara selain meningkatkan tahap kecekapan dan inovasi dalam bentuk cara mereka kerja," katanya.
Source : Utusan Malaysia
Date : 6 December 2011
Today's Pick (08/12/11/216/656)
KUALA LUMPUR 5 Dis. - Microsoft Malaysia hari ini mengumumkan komitmen pelaburan sebanyak RM20.8 juta bagi menyediakan teknologi perkomputeran awan (cloud computing) kepada 50,000 perusahaan kecil dan sederhana (PKS) tempatan tahun ini.
Pengarah Urusan Microsoft Malaysia, Ananth Lazarus berkata, penyediaan perkomputeran awan melalui Office 365 membolehkan PKS meningkatkan keupayaan perniagaan mereka merentas masa dan tempat.
Katanya, penyediaan pengkomputeran awan membolehkan PKS Malaysia merealisasikan kelebihan perniagaan dan kompetitif melalui penggunaan Microsof Office 365 untuk mereka cipta, edit, simpan dan kongsi idea dan kerja di dalam sistem itu.
"Kami amat komited untuk membantu PKS tempatan dan berhasrat untuk bekerja sama dengan SME Corp bagi meluaskan program ini," katanya.
Beliau berkata demikian selepas mengumumkan kerjasama itu di sini hari ini. Turut hadir Ketua Pegawai Eksekutif SME Corp., Datuk Hafsah Hashim.
Pakej Office 365 yang ditawarkan kepada pelanggan SME Corp menggabungkan kekuatan aplikasi Office Web Apps dengan emel, dokumen kongsi, pesanan cepat, video dan persidangan web kelas perusahaan yang sentiasa disokong dan dikemaskini oleh Microsoft dengan harga RM19 sebulan.
Selain itu, Microsoft dan SME Corp akan mengadakan pelbagai kursus latihan serta mengadakan SME Helpdesk di ibu pejabat SME Corp untuk membantu PKS di dalam memahirkan penggunaan Office 365.
Menurut Lazarus, sebagai permulaan sebanyak 200 PKS pertama mendaftar untuk Office 365 melalui SME Corp akan menerima pakej Quick Start bertujuan memahirkan mereka menggunakan teknologi tersebut secepat mungkin.
Sementara itu, Hafsah berkata, kejayaan sesebuah PKS itu bergantung kepada daya kecekapan mereka mengguna pakai teknologi maklumat yang kini lebih efisien dan berdaya maju.
Beliau berkata, sebanyak 99.2 peratus perniagaan di Malaysia adalah berasaskan PKS di mana ia mewakili 56 peratus pekerja di Malaysia dan menghasilkan 32 peratus Keluaran Dalam Negara Kasar (KDNK) negara.
"Hanya melalui teknologi maklumat PKS mampu mengembangkan perniagaan mereka ke luar negara selain meningkatkan tahap kecekapan dan inovasi dalam bentuk cara mereka kerja," katanya.
Source : Utusan Malaysia
Date : 6 December 2011
Today's Pick (08/12/11/216/656)
Afternoon Highlight (07/12/11/203/512) IT To Steer Malaysia's High Income Objective
IT To Steer Malaysia's High Income Objective
KUALA LUMPUR, Dec 6 (Bernama) -- Information technology (IT) will be among the strongest catalyst in assisting Malaysia achieve a per capita income of US$15,000 by 2020, says Microsoft Malaysia Sdn Bhd's managing director, Ananth Lazarus.
"We are very excited with the growth of IT in Malaysia, and see vast opportunities for it to grow even more, in the coming years," he told reporters after Microsoft's second annual Accelerating Asia Pacific Summit, here Tuesday.
He also said Microsoft Malaysia is confident that the contribution of small and medium enterprises (SMEs) to Malaysia's gross domestic product (GDP) will rise to 41 per cent by 2020 from the current 32 per cent.
"Microsoft is very committed to its growth here in Malaysia, and to date, we have built an ecosystem of 5,000 partners.
"According to the International Data Corporation, for every US$1 that Microsoft earns in revenue in Malaysia, US$13.39 is generated for the local ICT industry," he added.
Ananth said Microsoft Malaysia has established two Microsoft Innovation Centres in the country, namely in the Malaysian Institute Of Microelectronic Systems Bhd (MIMOS) and Multimedia Development Corp (MDeC), to help Malaysian technopreneurs accelerate technology commercialisation.
"Furthermore, our BizSpark programme supports over 120 companies by giving them free software for the first two years as they start their businesses.
"The BizSpark programme also helps build capacity in growth amongst the Malaysian technopreneurs," he added.-- BERNAMA
Source: Bernama
Date: 6 December 2011
Afternoon Highlight (07/12/11/203/512)
KUALA LUMPUR, Dec 6 (Bernama) -- Information technology (IT) will be among the strongest catalyst in assisting Malaysia achieve a per capita income of US$15,000 by 2020, says Microsoft Malaysia Sdn Bhd's managing director, Ananth Lazarus.
"We are very excited with the growth of IT in Malaysia, and see vast opportunities for it to grow even more, in the coming years," he told reporters after Microsoft's second annual Accelerating Asia Pacific Summit, here Tuesday.
He also said Microsoft Malaysia is confident that the contribution of small and medium enterprises (SMEs) to Malaysia's gross domestic product (GDP) will rise to 41 per cent by 2020 from the current 32 per cent.
"Microsoft is very committed to its growth here in Malaysia, and to date, we have built an ecosystem of 5,000 partners.
"According to the International Data Corporation, for every US$1 that Microsoft earns in revenue in Malaysia, US$13.39 is generated for the local ICT industry," he added.
Ananth said Microsoft Malaysia has established two Microsoft Innovation Centres in the country, namely in the Malaysian Institute Of Microelectronic Systems Bhd (MIMOS) and Multimedia Development Corp (MDeC), to help Malaysian technopreneurs accelerate technology commercialisation.
"Furthermore, our BizSpark programme supports over 120 companies by giving them free software for the first two years as they start their businesses.
"The BizSpark programme also helps build capacity in growth amongst the Malaysian technopreneurs," he added.-- BERNAMA
Source: Bernama
Date: 6 December 2011
Afternoon Highlight (07/12/11/203/512)
Afternoon Highlight (29/11/11/196/506) Reducing the threat of inflation
Reducing the threat of inflation
IT will be tough for the government to cut subsidies and at the same time maintain Malaysia's low and stable price environment.
Inflation has been low despite the recent food and oil price shocks, mainly because almost 30 per cent of what's measured under the Consumer Price Index (CPI) are subsidised.
"Dismantling price controls and subsidies will be challenging, given the high persistence of inflation," said RAM Holdings Bhd group chief economist Dr Yeah Kim Leng.
He had presented a paper at the National Economic Outlook Conference 2012-2013, organised by the Malaysian Institute of Economic Research, recently.
There are two factors that affect consumer prices.Prices rise due to either a higher demand or a lower supply. When there is an acute shortage of goods, the price will jump.
The supply side or cost push factors are a bigger reason for inflation in Malaysia and other developing countries, Yeah said.
He reckoned that inflation would remain a key threat to the economy especially if global food and energy commodity prices remained high.
As a commodity exporter, Malaysia has made more money from rising commodity prices.
The rise in income has resulted in increased purchasing power and possibly pent-up demand, as exemplified by the current buoyant property market.
This means demand will be a more important factor in affecting consumer inflation trends as the country's drive towards a high income economy continues.
A stronger ringgit has also not helped much to reduce inflation in Malaysia.
But this should change when the government rationalised the items under its subsidy cut programme, he said.
Introducing minimum wage will also make it trickier to balance inflation and economic growth.
"The effects of wages on inflation as a cost-push factor and on household consumption as a determinant of income have important policy ramifications, given the soon-to-be introduced minimum wage law," Yeah added.
Source: Business Times
Date: 29 November 2011
Afternoon Highlight (29/11/11/196/506)
IT will be tough for the government to cut subsidies and at the same time maintain Malaysia's low and stable price environment.
Inflation has been low despite the recent food and oil price shocks, mainly because almost 30 per cent of what's measured under the Consumer Price Index (CPI) are subsidised.
"Dismantling price controls and subsidies will be challenging, given the high persistence of inflation," said RAM Holdings Bhd group chief economist Dr Yeah Kim Leng.
He had presented a paper at the National Economic Outlook Conference 2012-2013, organised by the Malaysian Institute of Economic Research, recently.
There are two factors that affect consumer prices.Prices rise due to either a higher demand or a lower supply. When there is an acute shortage of goods, the price will jump.
The supply side or cost push factors are a bigger reason for inflation in Malaysia and other developing countries, Yeah said.
He reckoned that inflation would remain a key threat to the economy especially if global food and energy commodity prices remained high.
As a commodity exporter, Malaysia has made more money from rising commodity prices.
The rise in income has resulted in increased purchasing power and possibly pent-up demand, as exemplified by the current buoyant property market.
This means demand will be a more important factor in affecting consumer inflation trends as the country's drive towards a high income economy continues.
A stronger ringgit has also not helped much to reduce inflation in Malaysia.
But this should change when the government rationalised the items under its subsidy cut programme, he said.
Introducing minimum wage will also make it trickier to balance inflation and economic growth.
"The effects of wages on inflation as a cost-push factor and on household consumption as a determinant of income have important policy ramifications, given the soon-to-be introduced minimum wage law," Yeah added.
Source: Business Times
Date: 29 November 2011
Afternoon Highlight (29/11/11/196/506)
Todays' Pick (29/11/11/209/671) Economists: Indicators suggest uncertainties surround M'sian exports in 2012
Economists: Indicators suggest uncertainties surround M'sian exports in 2012
PETALING JAYA: The verdict is still out on how the country's economic growth can be sustained next year in the face of the continuing uncertainty and volatility following the better-than-expected third-quarter gross domestic product (GDP) data released by Bank Negara recently.
According to the Finance Ministry's macroeconomics head Lim Seng Gim last week, the economy would grow 5% to 6% next year spurred by private investment, which would be the main driver of growth, while the World Bank in the latest Malaysia Economic Monitor report expects 4.9% growth next year.
Singapore-based Citigroup Inc senior economist Kit Wei Zheng told StarBiz that the third quarter's unexpected GDP growth showed the sensitivity of growth to fiscal stimulus.
“It's difficult to pin down how the economy will perform next year although fiscal support will help for at least one or two quarters. I'm not being optimistic with the amount of uncertainty and downside risks,” he said, adding that the economy should grow 5% next year.
Exports likely to drop: Malaysia may experience an export slowdown next year, no thanks to European austerity measures and weaker demand.
Kit said while electrical and electronic exports had not been as badly affected based on latest data, leading indicators suggested uncertainties surrounding exports for Malaysia and the region.
Third-quarter GDP grew 5.8% on a year-on-year basis versus a Bloomberg survey for a 4.8% median expansion supported by resilient domestic demand in the form of private and public sector spending as well as private consumption.
While government estimates have been maintained at 5% to 6% GDP growth for 2011, there have been reports questioning the growth momentum going forward given that unemployment remained high in the United States and the likelihood of recession in Europe.
Hong Kong-based Morgan Stanley Research economists led by Chetan Ahya said in a report that Malaysia faced a disinflationary scenario as the three-legged growth model weakened.
They said slower global demand would impact the manufacturing and commodity growth legs, leaving the economy running a one-legged race on fiscal pump-priming and public sector spending.
They also cut 2012 GDP growth estimates for the Asia ex-Japan region to 6.9% from 7.3% estimated in August on further evidence of weakening domestic demand and external environment due to the eurozone problems.
“The region's deep trade and financial linkages with the rest of the world imply that shocks to the global economy will be transmitted to the region through these channels,” they said, adding that the pace of recovery would be more gradual with GDP growth recovering to 7.5% in 2013.
They said austerity measures and weaker European demand would translate into weaker external demand growth while the slowdown in final demand among developed economies would likely be amplified on the Asia ex-Japan region's cross-border production network leading to significant export slowdown next year.
They said deleveraging among European banks would spill into the region's trade financing costs although given the dependence on trade, most of it could be short term but would add to upward pressure on the cost of risk capital for longer term.
“Moreover, we do not expect a strong recovery in the developed world in 2013. For the Group of 10, we expect GDP growth to recover to 1.4% in 2013 from 1.2% in 2012,” they said.
Source: The Star
Date: 29 Nov 2011
Todays' Pick (29/11/11/209/671)
PETALING JAYA: The verdict is still out on how the country's economic growth can be sustained next year in the face of the continuing uncertainty and volatility following the better-than-expected third-quarter gross domestic product (GDP) data released by Bank Negara recently.
According to the Finance Ministry's macroeconomics head Lim Seng Gim last week, the economy would grow 5% to 6% next year spurred by private investment, which would be the main driver of growth, while the World Bank in the latest Malaysia Economic Monitor report expects 4.9% growth next year.
Singapore-based Citigroup Inc senior economist Kit Wei Zheng told StarBiz that the third quarter's unexpected GDP growth showed the sensitivity of growth to fiscal stimulus.
“It's difficult to pin down how the economy will perform next year although fiscal support will help for at least one or two quarters. I'm not being optimistic with the amount of uncertainty and downside risks,” he said, adding that the economy should grow 5% next year.
Exports likely to drop: Malaysia may experience an export slowdown next year, no thanks to European austerity measures and weaker demand.
Kit said while electrical and electronic exports had not been as badly affected based on latest data, leading indicators suggested uncertainties surrounding exports for Malaysia and the region.
Third-quarter GDP grew 5.8% on a year-on-year basis versus a Bloomberg survey for a 4.8% median expansion supported by resilient domestic demand in the form of private and public sector spending as well as private consumption.
While government estimates have been maintained at 5% to 6% GDP growth for 2011, there have been reports questioning the growth momentum going forward given that unemployment remained high in the United States and the likelihood of recession in Europe.
Hong Kong-based Morgan Stanley Research economists led by Chetan Ahya said in a report that Malaysia faced a disinflationary scenario as the three-legged growth model weakened.
They said slower global demand would impact the manufacturing and commodity growth legs, leaving the economy running a one-legged race on fiscal pump-priming and public sector spending.
They also cut 2012 GDP growth estimates for the Asia ex-Japan region to 6.9% from 7.3% estimated in August on further evidence of weakening domestic demand and external environment due to the eurozone problems.
“The region's deep trade and financial linkages with the rest of the world imply that shocks to the global economy will be transmitted to the region through these channels,” they said, adding that the pace of recovery would be more gradual with GDP growth recovering to 7.5% in 2013.
They said austerity measures and weaker European demand would translate into weaker external demand growth while the slowdown in final demand among developed economies would likely be amplified on the Asia ex-Japan region's cross-border production network leading to significant export slowdown next year.
They said deleveraging among European banks would spill into the region's trade financing costs although given the dependence on trade, most of it could be short term but would add to upward pressure on the cost of risk capital for longer term.
“Moreover, we do not expect a strong recovery in the developed world in 2013. For the Group of 10, we expect GDP growth to recover to 1.4% in 2013 from 1.2% in 2012,” they said.
Source: The Star
Date: 29 Nov 2011
Todays' Pick (29/11/11/209/671)
Afternoon Highlight (24/11/11/195/504) Malaysia likely to see 5%-6% growth next year
Malaysia likely to see 5%-6% growth next year
KUALA LUMPUR: Private investment growth will continue to be the main driver for the Malaysian economy, which is anticipated to expand between 5% and 6% next year, according to Lim Seng Gim, the Finance Ministry's macroeconomics head (economics and international division).
Lim said private investment in the country is estimated to hit RM113bil in 2012, compared with a forecast of RM94bil this year.
“This will be spurred by flows from the implementation of various projects under the ETP (Economic Transformation Programme) and investments in Iskandar Malaysia in Johor,” he said during the Macroeconomic Conference organised by Affin Investment Bank Bhd yesterday.
Lim noted that Malaysia's gross domestic product (GDP) is forecast to grow by 5% to 5.5% this year.
“Private investments had reached about RM75bil during the first three quarters of 2011. We are on track to hit more than RM90bil in private investments this year.”
He said there were 14 ongoing high-impact projects in Malaysia worth RM38.2bil, including developments in the oil and gas sector as well as the My Rapid Transit (MRT).
The International Monetary Fund (IMF) has projected Malaysia's economy to grow by 5.2% this year and 5.1% in 2012.
Other speakers at the conference included IMF resident representative in Singapore Ravi Balakrishnan; John Wong, who is an academic advisor at the East Asian Institute, the National University of Singapore; and the Government's Performance Management and Delivery Unit director of ETP Investment Ku Kok Peng.
Ravi reiterated that the global economy was at a dangerous stage, with significant downside risks due to the eurozone's debt crisis and a weakened US economy.
He said the baseline forecast was for more uneven global economic recovery of 4% next year, with an estimated 6% growth in emerging markets and about 2% expansion in advanced economies.
“Domestic demand can be resilient for emerging economies in Asia. However, if their exports are impacted, they are likely to see a significant reduction in domestic demand,” cautioned Ravi.
Meanwhile, Wong said China, as the world's second-biggest economy, was expected to see a slowdown in its growth momentum to 8.5%.
Source: The Star
Date: 24 November 2011
Afternoon Highlight (24/11/11/195/504)
KUALA LUMPUR: Private investment growth will continue to be the main driver for the Malaysian economy, which is anticipated to expand between 5% and 6% next year, according to Lim Seng Gim, the Finance Ministry's macroeconomics head (economics and international division).
Lim said private investment in the country is estimated to hit RM113bil in 2012, compared with a forecast of RM94bil this year.
“This will be spurred by flows from the implementation of various projects under the ETP (Economic Transformation Programme) and investments in Iskandar Malaysia in Johor,” he said during the Macroeconomic Conference organised by Affin Investment Bank Bhd yesterday.
Lim noted that Malaysia's gross domestic product (GDP) is forecast to grow by 5% to 5.5% this year.
“Private investments had reached about RM75bil during the first three quarters of 2011. We are on track to hit more than RM90bil in private investments this year.”
He said there were 14 ongoing high-impact projects in Malaysia worth RM38.2bil, including developments in the oil and gas sector as well as the My Rapid Transit (MRT).
The International Monetary Fund (IMF) has projected Malaysia's economy to grow by 5.2% this year and 5.1% in 2012.
Other speakers at the conference included IMF resident representative in Singapore Ravi Balakrishnan; John Wong, who is an academic advisor at the East Asian Institute, the National University of Singapore; and the Government's Performance Management and Delivery Unit director of ETP Investment Ku Kok Peng.
Ravi reiterated that the global economy was at a dangerous stage, with significant downside risks due to the eurozone's debt crisis and a weakened US economy.
He said the baseline forecast was for more uneven global economic recovery of 4% next year, with an estimated 6% growth in emerging markets and about 2% expansion in advanced economies.
“Domestic demand can be resilient for emerging economies in Asia. However, if their exports are impacted, they are likely to see a significant reduction in domestic demand,” cautioned Ravi.
Meanwhile, Wong said China, as the world's second-biggest economy, was expected to see a slowdown in its growth momentum to 8.5%.
Source: The Star
Date: 24 November 2011
Afternoon Highlight (24/11/11/195/504)
Afternoon Highlight (23/11/11/194/503) PM announces six high impact programmes to expand SMEs further
PM announces six high impact programmes to expand SMEs further
PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak announced six high impact programmes Wednesday to expand the small and medium enterprises (SME) industry under Phase Two of the SME Masterplan.
These include a simplified business registration and licensing procedure through a single registration point, where the current National Business Registration System (MyCOID) will be interfaced with the National Business Licensing System (BLESS).
The programmes are part of the SME Masterplan (2012-2020), which Prime Minister Datuk Seri Najib Tun Razak said is expected to spur the growth of the sector by 8.7% yearly, compared to 6.5% currently.
Also included in the plan are 32 key initiatives endorsed by the National SME Development Council (NSDC).
“The SME sector plays an important role in our country's economic development as 99% of our businesses consist of SME, which contribute 32% to the GDP (gross domestic product).
“Although we have success in promoting the sector, the SME here is still not at par with those in developed countries in terms of productivity.
“We want the SME labour productivity to increase from RM47,000 in 2010 to RM91,000 by 2020,” said Najib, who chaired the NSDC meeting consisting of head of ministries and agencies relevant to the SME here.
The other five high-impact programmes outlined by Najib were to form a technology commercialisation platform (a national network managed by the private sector to promote ideas for commercialisation); a SME Investment programme to provide potential SME with early stage financing; a Going Export Programme offering customised support and assistance to new exporters and SME; a Catalyst Programme to assist selected homegrown talents in the areas of finance, market access and human capital development; and a specific programme to empower the bottom 40% of the income group by providing innovation support to microenterprises in rural areas.
According to Najib, the master plan is expected to increase the GDP contribution of SME from 32% (2010) to 41% by year 2020 and see an increase in export share from 19% to 35% in the same period.
He added that the Government would review the scope of authority of SME Corporation Malaysia to give it greater empowerment in matters relating to the sector.
“For this master plan to succeed, the challenge is to streamline the initiatives that will be undertaken by the 56 relevant ministries and agencies involved with SME,” said Najib, adding that SME Corporation would be the main agency in-charge of the plan.
Source : The Star
Date : 23 November 2011
Afternoon Highlight (23/11/11/194/503)
PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak announced six high impact programmes Wednesday to expand the small and medium enterprises (SME) industry under Phase Two of the SME Masterplan.
These include a simplified business registration and licensing procedure through a single registration point, where the current National Business Registration System (MyCOID) will be interfaced with the National Business Licensing System (BLESS).
The programmes are part of the SME Masterplan (2012-2020), which Prime Minister Datuk Seri Najib Tun Razak said is expected to spur the growth of the sector by 8.7% yearly, compared to 6.5% currently.
Also included in the plan are 32 key initiatives endorsed by the National SME Development Council (NSDC).
“The SME sector plays an important role in our country's economic development as 99% of our businesses consist of SME, which contribute 32% to the GDP (gross domestic product).
“Although we have success in promoting the sector, the SME here is still not at par with those in developed countries in terms of productivity.
“We want the SME labour productivity to increase from RM47,000 in 2010 to RM91,000 by 2020,” said Najib, who chaired the NSDC meeting consisting of head of ministries and agencies relevant to the SME here.
The other five high-impact programmes outlined by Najib were to form a technology commercialisation platform (a national network managed by the private sector to promote ideas for commercialisation); a SME Investment programme to provide potential SME with early stage financing; a Going Export Programme offering customised support and assistance to new exporters and SME; a Catalyst Programme to assist selected homegrown talents in the areas of finance, market access and human capital development; and a specific programme to empower the bottom 40% of the income group by providing innovation support to microenterprises in rural areas.
According to Najib, the master plan is expected to increase the GDP contribution of SME from 32% (2010) to 41% by year 2020 and see an increase in export share from 19% to 35% in the same period.
He added that the Government would review the scope of authority of SME Corporation Malaysia to give it greater empowerment in matters relating to the sector.
“For this master plan to succeed, the challenge is to streamline the initiatives that will be undertaken by the 56 relevant ministries and agencies involved with SME,” said Najib, adding that SME Corporation would be the main agency in-charge of the plan.
Source : The Star
Date : 23 November 2011
Afternoon Highlight (23/11/11/194/503)
Afternoon Highlight (22/11/11/193/502) Google Aims To Rope In 50,000 SMEs For 'Get Malaysian Business Online' Programme
Google Aims To Rope In 50,000 SMEs For 'Get Malaysian Business Online' Programme
KUALA LUMPUR, Nov 22 (Bernama) -- Google Malaysia targets 50,000 small and medium enterprises (SMEs) to set up a website and be active online within a year through its "Get Malaysian Business Online" (GMBO) programme.
Country Manager Sajith Sivanandan said that getting the 50,000 SMEs online was not a problem and "what we want is to get every single SME that is not online to take part in this programme.
"To date, only 100,000 of the 700,000 SMEs have a website, he said.
Sajith is confident that they can achieve the target of getting businesses online as it has numerous benefits to SMEs.
Among the benefits are the first 10,000 SMEs will be set up for free and a free RM200 AdWords coupon will be offered for the first 50,000 signings, he told reporters after Information, Communications and Culture Minister Datuk Seri Utama Dr Rais Yatim launch the programme.
The GMBO is a nationwide initiative by Google Malaysia with the support of the Malaysian Communications and Multimedia Commission, .my Domain Registry and ITrain Malaysia Sdn Bhd to help SMEs get their businesses online.
ITrain chief executive officer Bikesh Lakhminchand said the first 1,000 SMEs signing for the programme will be given free training on how to start a website and after that the training will be subsidised to RM80 per SME.
The yearly annual renewals for the .com.my domain are at a heavily discounted RM23. Malaysia is the first country in the Asia-Pacific region to have access to GMBO facility.-- BERNAMA November 22, 2011 14:40 PM
Source : Bernama
Date: 22 November 2011
Afternoon Highlight (22/11/11/193/502)
KUALA LUMPUR, Nov 22 (Bernama) -- Google Malaysia targets 50,000 small and medium enterprises (SMEs) to set up a website and be active online within a year through its "Get Malaysian Business Online" (GMBO) programme.
Country Manager Sajith Sivanandan said that getting the 50,000 SMEs online was not a problem and "what we want is to get every single SME that is not online to take part in this programme.
"To date, only 100,000 of the 700,000 SMEs have a website, he said.
Sajith is confident that they can achieve the target of getting businesses online as it has numerous benefits to SMEs.
Among the benefits are the first 10,000 SMEs will be set up for free and a free RM200 AdWords coupon will be offered for the first 50,000 signings, he told reporters after Information, Communications and Culture Minister Datuk Seri Utama Dr Rais Yatim launch the programme.
The GMBO is a nationwide initiative by Google Malaysia with the support of the Malaysian Communications and Multimedia Commission, .my Domain Registry and ITrain Malaysia Sdn Bhd to help SMEs get their businesses online.
ITrain chief executive officer Bikesh Lakhminchand said the first 1,000 SMEs signing for the programme will be given free training on how to start a website and after that the training will be subsidised to RM80 per SME.
The yearly annual renewals for the .com.my domain are at a heavily discounted RM23. Malaysia is the first country in the Asia-Pacific region to have access to GMBO facility.-- BERNAMA November 22, 2011 14:40 PM
Source : Bernama
Date: 22 November 2011
Afternoon Highlight (22/11/11/193/502)
Afternoon Highlight (16/11/188/496) Cellphone market growth dives in Q3: Gartner
Cellphone market growth dives in Q3: Gartner
Cellphone market growth slumped in the third quarter, with the grim economic climate prompting consumers to cut back or delay purchases, particularly in western Europe, research firm Gartner said.
Global sales of all mobile phones grew an annual 5.6 percent in the third quarter to 440.5 million phones, down sharply from 16.5 percent growth in the previous quarter.
"The economic factor is there, definitely," said Gartner analyst Roberta Cozza. "If you look at smartphones performance in some southern European countries it is flat or declining."
"Last quarter we warned of a slowdown in smartphone sales in western Europe," she said.
Global smartphone sales grew 42 percent in the third quarter from a year ago, but that was down from a 74 percent rise in the previous quarter and the more than 100 percent growth rates the market has seen over the last few years.
Gartner said growth in demand for smartphones slipped in advanced markets such as western Europe and the United States as many users waited for new flagship devices, while slowdown also occurred in Latin America and the Middle East and Africa.
Inventories of unsold phones grew by some 20 million phones in the quarter mostly in a preparation for the upcoming holiday-sales season, but Gartner noted Samsung Electronics and HTC saw a bigger buildup of unsold models than others.
Cozza repeated Gartner's forecast for 11 percent growth for the overall cellphone market for the full year and said the smartphone market should grow 45 to 50 percent in 2011 as stronger uptake in emerging markets and North America compensates for weaker Europe.
NOKIA STILL NO. 1
Nokia remained the world's largest cellphone vendor, but its market share dropped to 23.9 percent from 28.2 percent a year earlier, while rivals Samsung, LG Electronics and Apple closed the gap.
"The second quarter of 2011 was the low point for Nokia, and the third quarter brought signs of improvement," Gartner said.
Nokia, left in the dust by Apple and Google in the booming smartphone market, last month introduced its Lumia models, the first it has developed using Microsoft's Windows Phone platform, seen as the key to its future.
"Heavy marketing from both Nokia and Microsoft to push the new Lumia devices should bring more improvement in the fourth quarter of 2011. However, a true turnaround won't take place until the second half of 2012," the researcher said.
Microsoft's share of the smartphone market almost halved in the quarter to just 1.5 percent, while Google's Android saw its share more than doubling to 52.5 percent.
"Android benefited from more mass-market offerings, a weaker competitive environment and the lack of exciting new products on alternative operating systems such as Windows Phone 7 and RIM," Cozza said. -- Reuters
Source : Business Times
Date: 16 November 2011
Afternoon Highlight (16/11/188/496)
Cellphone market growth slumped in the third quarter, with the grim economic climate prompting consumers to cut back or delay purchases, particularly in western Europe, research firm Gartner said.
Global sales of all mobile phones grew an annual 5.6 percent in the third quarter to 440.5 million phones, down sharply from 16.5 percent growth in the previous quarter.
"The economic factor is there, definitely," said Gartner analyst Roberta Cozza. "If you look at smartphones performance in some southern European countries it is flat or declining."
"Last quarter we warned of a slowdown in smartphone sales in western Europe," she said.
Global smartphone sales grew 42 percent in the third quarter from a year ago, but that was down from a 74 percent rise in the previous quarter and the more than 100 percent growth rates the market has seen over the last few years.
Gartner said growth in demand for smartphones slipped in advanced markets such as western Europe and the United States as many users waited for new flagship devices, while slowdown also occurred in Latin America and the Middle East and Africa.
Inventories of unsold phones grew by some 20 million phones in the quarter mostly in a preparation for the upcoming holiday-sales season, but Gartner noted Samsung Electronics and HTC saw a bigger buildup of unsold models than others.
Cozza repeated Gartner's forecast for 11 percent growth for the overall cellphone market for the full year and said the smartphone market should grow 45 to 50 percent in 2011 as stronger uptake in emerging markets and North America compensates for weaker Europe.
NOKIA STILL NO. 1
Nokia remained the world's largest cellphone vendor, but its market share dropped to 23.9 percent from 28.2 percent a year earlier, while rivals Samsung, LG Electronics and Apple closed the gap.
"The second quarter of 2011 was the low point for Nokia, and the third quarter brought signs of improvement," Gartner said.
Nokia, left in the dust by Apple and Google in the booming smartphone market, last month introduced its Lumia models, the first it has developed using Microsoft's Windows Phone platform, seen as the key to its future.
"Heavy marketing from both Nokia and Microsoft to push the new Lumia devices should bring more improvement in the fourth quarter of 2011. However, a true turnaround won't take place until the second half of 2012," the researcher said.
Microsoft's share of the smartphone market almost halved in the quarter to just 1.5 percent, while Google's Android saw its share more than doubling to 52.5 percent.
"Android benefited from more mass-market offerings, a weaker competitive environment and the lack of exciting new products on alternative operating systems such as Windows Phone 7 and RIM," Cozza said. -- Reuters
Source : Business Times
Date: 16 November 2011
Afternoon Highlight (16/11/188/496)
Today's Pick (16/11/11/201/673) BNM: Malaysia inflation has peaked but risk lingers
BNM: Malaysia inflation has peaked but risk lingers
Posted on 15 November 2011 - 03:49pm
Zeti, in this file picture, gives her keynote address at the First Asian Central Bank's Watchers Conference here, today. BERNAMA
KUALA LUMPUR (Nov 15, 2011): Malaysia's inflation rate has peaked and stabilised but there is still risk of it increasing again, the country's central bank chief said today.
Inflation accelerated sharply in the first half of this year, largely driven by increases in fuel and food prices, but has remained relatively flat since June.
"If there were a sudden shortage of commodities or energy...it will affect our rate of inflation, or if there are disruptions in the supply of food, it will also cause prices to rise," Governor Zeti Akthar Aziz told reporters at an Islamic financial conference in the capital.
"There are always risks on the horizon for both because we are such an open economy," she added, when asked if inflation or slowing growth presented a greater risk to the economy.
Bank Negara kept its benchmark interest rate unchanged at 3% at its last policy meeting held earlier this month, and said it expected inflation to remain stable for the rest of this year.
Zeti added that the ongoing financial crisis also posed a downside risk to growth in contrast with the upside risk of inflation from higher input prices.
Separately, she said the International Islamic Liquidity Management Corporation (IILM) will issue its first papers within the next six months, with the value of the initial issuance expected to be less than US$2 billion.
"The first issuance will be a pilot issuance to test the system," Zeti told reporters.
The IILM is a collaboration between central banks, lenders and multilateral agencies to provide Islamic finance firms with tools to manage liquidity..
"There will be regular issuance throughout the year and each issuance will be in the region of US$2 billion. It will be high-quality, short-term liquid instruments and therefore will probably be in demand by other funds managing portfolios," she added.
Meanwhile, two banking groups have been given conditional approvals for Islamic mega bank licenses, which are Islamic banks with total capital of at least US$1 billion. Zeti did not disclose the identity of the banking groups. – Reuters
The sundaily 5.23p.m. (15-11-2011)
Today's Pick (16/11/11/201/673)
Posted on 15 November 2011 - 03:49pm
Zeti, in this file picture, gives her keynote address at the First Asian Central Bank's Watchers Conference here, today. BERNAMA
KUALA LUMPUR (Nov 15, 2011): Malaysia's inflation rate has peaked and stabilised but there is still risk of it increasing again, the country's central bank chief said today.
Inflation accelerated sharply in the first half of this year, largely driven by increases in fuel and food prices, but has remained relatively flat since June.
"If there were a sudden shortage of commodities or energy...it will affect our rate of inflation, or if there are disruptions in the supply of food, it will also cause prices to rise," Governor Zeti Akthar Aziz told reporters at an Islamic financial conference in the capital.
"There are always risks on the horizon for both because we are such an open economy," she added, when asked if inflation or slowing growth presented a greater risk to the economy.
Bank Negara kept its benchmark interest rate unchanged at 3% at its last policy meeting held earlier this month, and said it expected inflation to remain stable for the rest of this year.
Zeti added that the ongoing financial crisis also posed a downside risk to growth in contrast with the upside risk of inflation from higher input prices.
Separately, she said the International Islamic Liquidity Management Corporation (IILM) will issue its first papers within the next six months, with the value of the initial issuance expected to be less than US$2 billion.
"The first issuance will be a pilot issuance to test the system," Zeti told reporters.
The IILM is a collaboration between central banks, lenders and multilateral agencies to provide Islamic finance firms with tools to manage liquidity..
"There will be regular issuance throughout the year and each issuance will be in the region of US$2 billion. It will be high-quality, short-term liquid instruments and therefore will probably be in demand by other funds managing portfolios," she added.
Meanwhile, two banking groups have been given conditional approvals for Islamic mega bank licenses, which are Islamic banks with total capital of at least US$1 billion. Zeti did not disclose the identity of the banking groups. – Reuters
The sundaily 5.23p.m. (15-11-2011)
Today's Pick (16/11/11/201/673)
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