Malaysian Business

Malaysian Business

Malaysia’s largest integrated media group, Media Prima Television Network (MPTN) has up its ante once again, as it further expands and unifies its content, data and platform solutions. This continued move is to enable brands and advertisers to effectively engage today’s audiences who consume TV in different ways, while providing greater commercial returns.

The network, which is home to the No. 1 TV channels and integrated platforms for over 28 million audiences has embarked on an aggressive and transformative expansion plan with TV at the core.

Parfums Christian Dior, Malaysia Airports and Colours & Fragrances (C&F) have joined forces to offer a unique travellers’ experience by setting up the first ever Dior Backstage pop-up in a Southeast Asian airport, at KLIA.

The Dior Backstage pop-up is an all-new concept offering unique and memorable experiences for all travellers passing through KLIA. Fully designed to offer travellers all the excellence and savoir-faire of Dior, the Dior Backstage studio is a grand premiere entirely devoted to Dior Makeup. The pop-up is set up in a luxurious and graphic décor of black lacquer, which clearly and stylishly define the Dior universe.

DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group (DPDHL), yesterday announced its partnership with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan to offer domestic delivery for Shopee sellers and buyers across Malaysia.

The move is an extension of DHL eCommerce’s strong ties with Shopee in the region, following the successful integration of DHL’s e-commerce logistics services onto Shopee Thailand’s platform.

While entry-level hires felt they could “hit the ground running” when entering jobs in the Financial Services Industry (FSI) in Malaysia, employers stated that these fresh graduates are frequently not industry-ready.

The new study titled ‘Bridging the Talent Gap: Financial Services Industry and Entry-Level Hires in Malaysia’, and launched today by the Asian Institute of Finance (AIF) reveals that while employers are in need of new skills from employees, hiring managers often say they are unable to find the right people with the proper skills to fill up vacancies.

Press Metal Aluminium Holdings Berhad (PMETAL-8869), the largest Aluminium smelter in South East Asia maintained its growth trajectory despite price volatilities on both aluminium and raw material fronts.

Performance in the second quarter was buoyed by higher aluminium prices, as well as a stronger U.S. dollar. Offsetting these were external factors such as increased raw material prices caused by alumina supply disruptions from Brazil.

TP-Link has announced the latest addition to its Neffos smartphone brand, the new Neffos P1 boasts a built-in projector for viewing HD content on a wall with a screen size of up to 200 inches.

With the Neffos P1, Neffos invites consumers to expand their world with an innovative device that embraces productivity and portability just as much as it does its multimedia capabilities.

Samsung’s latest flagship device, the Galaxy Note9, has finally arrived on Malaysian shores and excitement was abuzz at Arena Axiata, Bukit Jalil, as 2,000 people witnessed the largest and most resplendent launch of any Samsung smartphone yet.

“The Galaxy Note9 combines power, productivity, endurance and entertainment into one single device that’s coupled with a strong defense-grade security feature, this is the go-to device that fits every need.

There is great potential for Malaysian SMEs to grow their business overseas through e-commerce. By 2020, it is expected that one out of five e-commerce dollars will be generated through cross-border trade. B2C e-commerce has grown at a faster pace than most other industry sectors in recent years, with premium cross-border shipments growing from 10% to more than 20% of the volumes of DHL Express.

This is further boosted by various incentives the government has provided to ensure the local e-commerce sector has the potential to lift Malaysia’s total trade to RM2 trillion this year. said Christopher Ong, Managing Director of DHL Express Malaysia and Brunei.

He was speaking at the DHL Express Malaysia’s inaugural “Take E-Commerce to the Next Level” conference together with Amazon for more than 100 local SMEs on how to take advantage of cross border trade in light of the e-commerce boom.

“We continue to strive to be the logistics provider of choice for Malaysian SMEs. DHL recognises that our home-grown SMEs have high-quality and innovative products that have great potential to expand into the international market place. As part of our commitment to SMEs including those who are currently our customers, we continue to create opportunities for them to gain the latest industry tips and insight so they have the confidence and know-how to look beyond local market opportunities.”

“The business journey does not end when a product has been sold. To maintain and improve sales, there are many factors to take into consideration to elevate a customer experience. This includes partnering with a logistics company with delivery capabilities to meet buyers’ fulfilment and shipping requirements in efficiently. For instance, DHL Express provides a Time-Definite International (TDI) delivery, which is well-suited for SMEs who are doing cross-border online business. This service helps them to navigate easily and quickly across borders to incorporate a premium option into their sales offering, enabling them to target new market and boost sales,” Christopher commented.

Gijae Seong, Head of Amazon Global Selling Singapore, Amazon shared, “Southeast Asia has quickly grown to be one of the most important regions for Amazon Global Selling. The “Take E-Commerce to the Next Level” conference by DHL Express is a great opportunity to reach out to Malaysian SMEs and encourage them to onboard onto the Amazon marketplaces; in the US alone, Amazon has over 150 million monthly unique visitors [1]. We hope that more local SMEs will consider expanding their business globally on Amazon in the future. SMEs can learn more about selling on Amazon by visiting our website.”

Datuk Ng Wan Peng, who is chief operating officer of Malaysia Digital Economy Corporation (MDEC), welcomed the initiative by DHL Express Malaysia and Amazon. "DHL's commitment to Malaysia and its development agenda continues to boost our goal of inspiring more local SMEs to take their rightful place in the burgeoning eCommerce arena."

"MDEC, as the lead agency in driving Malaysia’s digital economy, has stepped up efforts on strengthening Malaysia’s position as a hub for key digital and industry activities," she further commented, adding that DHL and Amazon's move is aligned with a most fundamental objective of the National Strategic eCommerce Roadmap, which is to accelerate adoption of eCommerce in Malaysia.

"MATRADE is Malaysia's national trade promotion agency and we have the mandate to promote Malaysian SMEs overseas. Our eTRADE Programme offers financial incentive valued at RM5,000 per company which can be utilised to partially cover the onboarding cost to be listed on world's renowned e-Commerce platforms the likes of Amazon.com. We hope more SMEs can capitalise on the programme to kick-start their cross-border e-Commerce business." said Noraslan Hadi Abdul Kadir, Director, Transformation and Digital Trade Division, MATRADE.

DHL also organizes Seller Engagement Programs, Cross Border Trade Workshops and Facility Tours throughout the year for SMEs to better understand the complexities of trade and how to best grow their business overseas.

 

A multicultural society that shares a mutual love for all things delicious, Malaysians celebrate every occasion by gathering together around the table for a meal.

Malaysia is known for its diversity in cultures and of course food! Be it mee goreng, dim sums or nasi lemak, the wide variety of food available is sure to satisfy every taste bud. And that is no different when it comes to ordering food in.

Fitch Ratings has affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at 'A-' with a stable outlook supported by solid economic growth and a net external creditor position built up from a record of current account surpluses.

It said the affirmation not only takes into consideration measures such as the rollback of the Goods and Services Tax (GST), but also the stated intention to reduce fiscal deficits and improve governance.

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