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SOUTH Korea tops the region in terms of entrepreneurship environment with a score of 54%, according to the recently released Global Entrepreneurship Index. The country jumped three spaces up from last year. The tech giant has been ahead when it comes to producing new technologies and introducing new products to customers.


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Friday, 19 October 2018 09:42

MITI mulls boosting B40 income via trade

KUALA LUMPUR, Oct 19 (Bernama)  -- Trade, including e-commerce, can be a potential strategy to boost the income of the Bottom-40 (B40) household income segment, especially among the hardcore poor and at risk groups, says the Ministry of International Trade and Industry (MITI).

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KUALA LUMPUR, Oct 19 (Bernama) -- The government will continue to stimulate the country's  economic activities with focus placed on knowledge-intensive service sectors, accelerating innovation and technology adoption, says Prime Minister Tun Dr Mahathir Mohamad.

 

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KUALA LUMPUR, Oct 18 (Bernama) -- The Malay Consultative Council (MPM) has proposed the introduction of a short-term measure to increase revenue in Budget 2019 by getting more companies, especially small and medium enterprises (SMEs) and mid-level companies, to become eligible corporate taxpayers.

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KUALA LUMPUR, Oct 18 (Bernama) – Prime Minister Tun Dr Mahathir Mohamad says the Malaysia External Trade Development Corporation (MATRADE), being the nation’s trade promotion agency, should employ more big data to help local entrepreneurs produce the right kind of goods and services needed by the world.

“Information is what drives the economy. You have more information, the better you are because data is what contributes towards decision-making,” he said in a recent interview with BERNAMA in Kota Kinabalu in conjunction with the impending publication of a commemorative book celebrating MATRADE’s 25th anniversary.

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A new United Nations report warns that the potential benefits to developing countries of digital technologies are likely to be lost to a small number of successful first movers who have established digital monopolies. 

According to the Trade and Development Report 2018 (TDR 2018), subtitled ‘Power, Platforms and the Free Trade Delusion’, while developing countries need to invest more in digital infrastructure, they must also address the ownership and control of data and their use.


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KUALA LUMPUR, Oct 17 (Bernama) -- Based on the State of Households 2018 report released by the Khazanah Research Institute (KRI) on Monday, the income gap between households in the urban and rural areas is quite significant.

The report said that the total household income in most rural areas was lower than the national median of RM5,228, as compared to urban households, which were up to 1.7 times higher.

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KUALA LUMPUR  Oct 16 (Bernama) -- The Ministry of Entrepreneur Development (MED) is in the midst of reviewing all policies and initiatives regarding the development of entrepreneurs and small and medium enterprises with the intention of making it more holistic, integrated and targeted. 

The Minister, Datuk Seri Mohd Redzuan Yusof said, the aim is to create more local entrepreneurs in the marketplace with competitive products and services. 

 

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Tuesday, 16 October 2018 15:02

MED to meet Japanese govt on Asian aircraft

KUALA LUMPUR, Oct 16 (Bernama) -- The Ministry of Entrepreneur Development (MED) is planning a meeting with the Japanese government on a proposal to build an Asian aircraft.

Its Minister, Datuk Seri Mohd Redzuan Yusof said Malaysia would contribute in terms of manufacturing components for the proposed Asian aircraft.

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KUALA LUMPUR, Oct 16 (Bernama) --  Sabah aims to increase the contribution of its industrial sector to the state’s Gross Domestic Product (GDP) to 35 per cent in 20 years from 7.5 per cent currently.

State Ministry of Trade and Industry Deputy Permanent Secretary Tseu Kei Yue said growth is expected in several areas, including the resource-based downstream industry, particularly palm oil and oil and gas.

 

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