In line with the government's initiative to encourage local businesses to go digital, MyBazar Malaysia, a social marketplace focused on local products and merchants, was appointed by Malaysian Digital Economy Corporation (MDEC) to pilot Blee programme, an initiative under the eUsahawan programme.
Representing 76.5 per cent of businesses in Malaysia according to SME Corp, local, micro businesses are poised to become a major growth and employment engine in the country.
European Union-Malaysia Chamber of Commerce and Industry (EUMCCI) kicked off the second edition of Internet of Things (IoT) Trade Mission to Malaysia from April 23 until tomorrow in Kuala Lumpur.
The annual trade summit sees participation of delegates from five international countries which are United Kingdom, Spain, Germany, Portugal, France, and also a representative company from Malaysia.
The growing importance of fintech and alternative investing were among the key trends highlighted at the second annual Franklin Templeton Islamic Forum held at the St. Regis Kuala Lumpur on 25 April, themed ‘Evolving with Times’.
The forum focused on the evolution of investment opportunities within the context of broad-based growth and demand for Shariah-compliant investment strategies.
Syarikat Takaful Malaysia Berhad (Takaful Malaysia) today officially launched a Digitally-Assisted Medication Delivery Programme as part of the company’s digital strategy in spearheading new innovations in insurance.
The launch witnessed the signing of a tripartite agreement with Ali Health Sdn Bhd, a member of the BP Healthcare Group of companies and a leading technology and healthcare services company and Microsoft (Malaysia) Sdn Bhd, an information technology service provider offering sales and business management along with technical support services.
Bursa Malaysia Bhd registered a Profit After Tax and Minority Interest (PATAMI) of RM63.8 million for the first quarter ended 31 March 2018 (1Q2018), an increase of 12.6% from RM56.6 million reported in the previous first quarter ended 31 March 2017 (“1Q2017”), and an increase of 15.4% compared to the preceding quarter ended 31 December 2017.
Both cost-to-income ratio and annualised return on equity (“ROE”) saw improvements by 3 and 4 percentage points respectively. The growth in PATAMI is primarily due to higher operating revenue of RM144.8 million, a 7.5% increase from the previous corresponding quarter. Earnings per share for the first quarter rose to 7.9 sen from 7.0 sen in the previous corresponding quarter (after adjusting for the effects of the bonus issue).
Following the success of its first accelerator programme in 2017, SuperCharger Malaysia is now inviting applications from international FinTech companies to participate in SuperCharger Kuala Lumpur 2018 – a no equity, 12-week programme aimed at helping promising FinTech startups to establish and scale their business in Malaysia and beyond.
To reach an international audience of FinTech founders, SuperCharger is embarking on 2-month international roadshow - from the beginning of May until the end of June - spanning 8 different countries. The roadshow will begin in Sydney, and travel through Jakarta, Singapore, Shanghai, Paris, London, Hong Kong before ending in Kuala Lumpur.
Franchise International Malaysia 2018 (FIM 2018) recorded a potential transaction value of RM410 million, an increase of more than ten percent as compared to the previous year with RM373 million.
Whereas, RM90 million was contributed from the potential international franchise transactions value through the Franchise In-Buying Mission (FIBM) program.
DHL Express, the world’s leading international express services provider will start construction of its Southern Malaysia Gateway in Johor this year. With an investment of RM11 million, the Gateway will be purpose-built to meet the growing demands of Malaysia’s logistics sector, especially within the southern region.
The DHL facility will be equipped with 50,000 sq ft of warehouse space and serves as a combined Gateway and Service Centre – for the import and export of shipments from Southern Malaysia to the world, and for customer pickups and deliveries within Johor. The completion of the facility is planned for the first quarter of 2019.
In conjunction with its 6th birthday festival, taking place between April 25 - 27, Lazada rolled out a slew of innovations that aim to bring the best features of offline shopping, into the hands of customers.
Chief Executive Officer of Lazada Malaysia, Christophe Lejeune said, “Today, Lazada is the most downloaded shopping app in Malaysia with more than 7 million downloads. With smartphone penetration standing at 70% in the third quarter of 2017, most Malaysians are now opting to use their smartphones as their primary shopping tool. In order to continuously deliver a delightful shopping experience to our mobile customers, we are making online shopping even more personalised, social, and interactive.”
In line with the technological advancements taking place in Malaysia, the Malaysian Investment Development Authority (MIDA) signed a tripartite pact with Daher and France’s IoT Valley.
The Memorandum of Understanding (MoU) will contribute towards promoting more investment and business cooperation between France and Malaysia, particularly in the development of IoT and logistics in Malaysia’s aerospace industry.