FRANKFURT, Jan 17 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has been actively courting potential investors to the aerospace industry, while highlighting opportunities available to them within it in the country. This is linked to efforts at transforming Malaysia into a key international aerospace player. Yusri Hasnan Chu, the Frankfurt-based MIDA director, pointed out that the turnover from Malaysia’s aerospace industry had steadily grown over the years, from RM11.9 billion in 2013 to RM13.5 billion in 2017.
KUALA LUMPUR, Jan 17 (Bernama) – The Malaysian Investment Development Authority (MIDA) will be organising a seminar on the furniture and wood-based industry in Kota Kinabalu on Jan 23 to promote Sabah as the next investment destination for the industry.
The one-day seminar, with the theme “New Era of Manufacturing for Furniture and Wood-Based Industry”, would focus on automation and smart manufacturing to promote the adoption of Industry 4.0 among wood-based industry players, it said.
KUALA LUMPUR: The law on digital currencies and digital tokens will come into effect on Tuesday and any person operating unauthorised initial coin offerings (ICOs) or digital asset exchange faces a 10-year jail and RM10mil fine. Finance Minister Lim Guan Eng said on Monday after the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 would be effective Tuesday and the framework in place by end of the first quarter of this year.
THE past few years have seen an increase of entrepreneurs in the local tech startup sector. With better access to funding, there is ample opportunity for new business ideas to take off. But while the number of startups in Malaysia has increased, industry observers say we are merely scratching the surface of where the industry could be. According to Yusuf Jaffar, programme manager of Global Accelerator Programme from Malaysian Global Innovation & Creativity Centre (MaGIC), there is an estimate of 3,000 startups in Malaysia. Compared to the over 1 million registered enterprises here, startups make up only 0.25% of total companies registered.
WITH growth expected to slow down this year, SMEs are expressing concerns over tightening sales and profits. In a recent survey carried out by credit reporting agency CTOS, it is found that small businesses have indicated that maintaining sales and profit margins are the primary concerns for the sector. This sentiment is carried across the board, throughout the distributing, manufacturing, construction and financial industries. Meanwhile, concern on acquiring new customers is ranked lower.
KUALA LUMPUR, Jan 8 (Bernama) -- Strategies undertaken by the Ministry of International Trade and Industry (MITI) over the past 10 years have managed to attract RM1.9 trillion in private investments in all economic sectors. In a statement today, MITI said although the global investment market was experiencing an economic slowdown, Malaysia managed to record approved investments of RM197.1 billion in the manufacturing, services and primary sectors in 2017.
KUALA LUMPUR: The Ministry of Entrepreneur Development (MED) has approved close to RM20 million in funds to attract private investors to develop the prototype for the third national car. Minister Datuk Seri Mohd Redzuan Yusof said the fund was sourced from several existing grants to catalyse the development of the national car project.
PETALING JAYA: After a weak purchasing managers’ index (PMI) cast a pall over the economy, business confidence expectations for the first half of the year has weakened among corporates and small and medium enterprises (SMEs), according to the RAM Business Confidence Index (RAM BCI). The poll conducted on 3,500 firms in Malaysia has fallen to its lowest since RAM started publishing the data two years ago and revealed that for the first and second quarters of 2019, the RAM BCI for the corporate and SME segments of business have fallen to 55.1 and 51.0, respectively.
KOTA BHARU 5 Jan.- Suruhanjaya Syarikat Malaysia (SSM) menyediakan geran bantuan bernilai RM900,000 khusus untuk peniaga di negeri ini yang baru memulakan perniagaan terutama dalam kalangan golongan belia.
PETALING JAYA: Malaysia will not enter a recession this year even though weaker economic growth will cause some pain. Deputy International Trade and Industry Minister Dr Ong Kian Ming said the government would introduce measures to mitigate the effects of an economic slowdown in the country which had been forecast by leading international agencies. The World Bank has cut Malaysia’s gross domestic product (GDP) growth forecast for this year from 5.1% to 4.7% while the International Monetary Fund (IMF) has revised Malaysia’s growth rate from 5.0% to 4.6%.
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has announced the launch of a RM1 billion Ekuinas Direct (Tranche IV) Fund with an option to increase to RM1.5 billion.
The fund’s geographical focus will be Malaysia with the emphasis on its core sectors such as education, oil & gas, fast moving consumer group (FMCG), retail & leisure, healthcare and services as well as considerations in other sectors with positive prospects.
KUALA LUMPUR 31 Dis. - Niat asal hanya untuk mencari duit kahwin tetapi siapa sangka akhirnya ia menjadi punca pendapatan tetap buat pasangan usahawan muda ini.
“Kisahnya, saya tak cukup duit nak kahwin. Jadi, saya dan tunang (ketika itu) pilih untuk berniaga ayam gunting secara kecil-kecilan nak kumpul duit, tak nak susahkan orang tua. Tapi, dalam masa empat bulan berniaga saya dapat kumpul RM20,000, saya mula nampak rezeki yang Allah cuba tunjukkan kepada kami berdua.
Minggu lalu, kami telah mengkaji semula platform e-dagang yang paling banyak dilawati di Malaysia. Hari ini, saya akan berkongsi penemuan kami terhadap platform e-dagang yang paling banyak dikunjungi pada 2018.
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