The second edition of the upcoming GECommunity Summit 2017 serves as a comprehensive platform to strengthen the thriving entrepreneurship ecosystem by inspiring and facilitating innovations.
The summit, which will be held at the Kuala Lumpur Convention Centre from 12 to 13 December 2017 will play host to 50 local and international speakers, 330 exhibitors, 20 keynote and panel discussions, and up to 100 GEC Lab sessions.
OCBC Bank (Malaysia) Berhad and OCBC Al-Amin Bank Berhad announced they are reaching out to their SME and retail banking customers affected by the recent floods in Penang through, among others, moratoriums and waivers.
Among the programmes in place on a case-by-case basis are a six-month moratorium on monthly instalment payments for loans/financing and waiver of charges for SME customers and free replacement of affected banking items such cards and cheque books that might have been damaged in the flood.
Allianz Malaysia and Impact Hub KL engaged local social entrepreneurs and potential participants for the first ever Investment Ready Program (IRP) during a Warm Up event at Sunway iLabs.
The event provided local change makers and aspiring social entrepreneurs a platform to learn more about the IRP, a unique acceleration program that is part of the ‘Encouraging Future Generations’ initiative by Allianz Group and Impact Hub that was purposefully tailored to serve driven entrepreneurs championing the social inclusion of children and youths across Brazil, Germany, Malaysia and Turkey.
Parents in Malaysia are not cutting the financial umbilical cord, with 57% of people with children over the age of 18 still giving them regular financial support, according to HSBC’s new The Power of Protection study, Facing the future.
The study highlights parents’ ongoing commitment to their children, as well as the financial pressures faced by younger generations. The Power of Protection is an independent consumer research study into global protection needs and trends, commissioned by HSBC. It provides authoritative insights into people’s concerns about the future and how they are protecting themselves financially, around the world.
Malaysia Automotive Institute has taken a step further this year by taking Malaysia’s largest annual autoshow to a whole new level. Malaysia Autoshow 2017, with the theme “Smart, Safe and Sustainable Mobility” takes place from the 9 - 12 November, from 10am until 9pm at the Malaysia Agro Exposition Park, Serdang (MAEPS).
The new home of the Malaysia Autoshow 2017 is the show's largest ever venue, placed on 368 acres of land. The larger area has allowed MAI to bring the first autoshow in Malaysia that also features a symposium and music festival - Kuala Lumpur International Automotive Symposium (KLIAS) and SoundValley Festival 2017, taking place concurrently in the same location.
Penang has come under the spotlight in the past week due to severe floods. However, something good has come out of it - Malaysia has banded together to provide help in different ways to alleviate the hardships encountered in the state. oBike, the first smart dockless bike-sharing operator to launch in Malaysia, has also launched a PrayForPenang Campaign to help those affected by the flood. As part of this campaign, when 10,000 oBike users have completed their rides every day from 8 – 12 November 2017, oBike will donate RM2,000 daily to the Penang Storm and Flood Relief Fund.
In tandem with the global trend towards embracing the digital lifestyle, Malaysia’s leading total travel specialist, Mayflower Group, a unit of Warisan TC Holdings Berhad, officially launched its online platform called Mayflower.com.my.
The platform is set to be Southeast Asia’s most powerful and comprehensive travel portal by leveraging on Mayflower Holiday’s extensive global tourist-industry network, which has been built over five decades. Developed to be user-friendly yet feature-packed with great deals and offers, this home-grown online portal allows users to book air tickets, accommodations, and transportation as well as bundle packages online. Also offers professional travel agents and tour operators the capability of securing the best deals while making travel arrangements for their clients.
Digi Telecommunications Sdn Bhd (Digi) announced their entry into the FinTech space with vcash – a mobile payment application that offers Malaysians an easy, more convenient way to pay, send, request and store money in their smartphones. vcash is a solution offered by Digi in partnership with Valyou Sdn Bhd, an e-money issuer authorised by Bank Negara Malaysia (BNM) and is now available for all Malaysians on the Google Play Store or Apple App store for free.
As Malaysia moves towards becoming a cashless society, spurred by BNM’s strategic measures to accelerate the country’s migration to e-payments, users may find vcash as their go-to e-Wallet that offers a secure and superfast payment service using QR codes. Beyond payments, vcash also enables funds transfers between vcash users and also to non-vcash users, facilitates cash deposits and withdrawals at any time, and purchase of items from the in-app vcash store. Users do not have to pay transaction fees for using any of the features above.
UD Trucks and sole distributor partner, Tan Chong Industrial Equipment Sdn Bhd (TCIE), have recently delivered the first unit of UD Croner in Malaysia to Ong Brothers Petroleum Sdn Bhd. Launched just recently in August 2017, the UD Croner is an all-new medium duty truck developed to go the extra mile by helping customers maximize productivity.
Ong Brothers Petroleum Sdn Bhd distributes a wide range of petroleum products for both home and industrial consumption. Established in 1962, the company has been in operation for more than 50 years and is currently based in Kepong. Ong Brothers Petroleum distributes quality petroleum products such as engine oil, mineral oil, industry lubricant oil, petroleum jelly fuels, metalworking fluids, cleaners and paraffin waxes within Peninsula Malaysia.
Local industry players must take advantage of all the facilities and support provided by the Government towards ensuring the long term competitiveness of their businesses, urged Datuk Seri Ong Ka Chuan, Second Minister of International Trade and Industry (MITI).
“MITI, MIDA and our other agencies have been doing many outreach programmes, especially towards building the capabilities of our local industry players and small & medium-sized companies (SMEs). However, there is still a lack of awareness among the business community in the facilities and support provided by the Government. There are really many platforms that all of you can take advantage of,” said Ong during the National Investment Seminar 2017 organised by the Malaysian Investment Development Authority (MIDA) today at the Intercontinental Hotel.