The Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI), the first foreign chamber from the ASEAN Member States in the Philippines was officially launched on 6 September 2017 by Datuk Sri Mustapa Mohamed, Minister of International Trade and Industry at the margins of the 49th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings which is taking place in Pasay City, the Philippines from 4 to 11 September 2017.
The idea for the establishment of the Chamber was first mooted three years ago by Mustapa. Pursuant to that, the MCCI was established on February 2017, currently with 25 members to complement the role of the Malaysian embassy in enhancing Malaysia – the Philippines’ economic relations and to also cross-promote the vast opportunities that are yet to be tapped between the two nations. The membership of MCCI is open to both Malaysians and Filipinos companies and professionals.
‘Road to GEC’, a kickoff to GECommunity Summit 2017 provided a sneak peek to the kind of conversations that will be taking place at the global summit come December.
‘Road to GEC’ hosted the entrepreneurship community through activities like Innovation Chats, where industry and corporate players, ecosystem influencers, policy makers, and entrepreneurs participated in personalised engagement sessions. Corporate players and industry leaders presented situations or problem statements for participants of the session to brainstorm solutions on. These problem statements and the proposed solutions would potentially be carried out in the GEC Labs during the GECommunity Summit.
Fundaztic.com (Fundaztic) made its debut on the peer-to-peer (P2P) financing platform with a low entry barrier investment of RM50, and is now expecting to draw investors to fund more than 500 micro and small and medium-sized enterprises (SMEs), and startups within the first year of operations to reach a funding goal of RM40 million.
Fundaztic.com went ‘live’ exactly two months ago on July 7th 2017, by hosting five investment notes for SMEs and startups with total funding amounting RM530,000. The first issuer hosted, reached its funding target of RM20,000 through investments from a total of 37 investors within the first four hours of being “hosted” on the platform.