KUALA LUMPUR, Aug 28 (Bernama) -- As Malaysia turns 63 years old, the country will need to continue its transformation in becoming a knowledge-based economy to achieve its status as a developed nation, says Chris Wang.
Wang, CEO of the Asia Pacific Investment Bank (APIB) says Malaysia’s economic development has been stable as compared to its Southeast Asian peers, but it faces several constraints in breaking through the middle-income trap and become an advanced country. For instance, Malaysia does not have a large consumer base such as the US, China and Japan to help propel the country to become an advanced nation. “There has always been only one option for a small country like Malaysia to achieve such a goal, which is to develop a knowledge-based economy that possesses advanced knowledge, instead of relying only natural resources, that is unique and valuable. “Education, research and development are the main sectors of a knowledge-based economy. Talent and human resources are the most important assets,” he adds. Wang says the key driver behind a knowledge-based economy is an open financial market that could help the country attract talents, encourage development and innovation. “Malaysia’s knowledge-based economy must rely on an open financial market to release its full potential. This can be done through continuous development and further opening of Malaysia’s Islamic finance. “It is vital for Malaysia to open up its Islamic financial market further to attract talents and encourage technological advancement. It will benefit the service and manufacturing industries of the country,” he says. Wang lauded Malaysian’s government strategic planning for the country’s economy. And he says APIB wants to help the country to open up its Islamic finance industry further. “The objectives of Malaysia’s economic planning are clear. But it can be adjusted, especially in terms of its Islamic finance and capital market openness. For instance, the country should give full support to foreign Islamic entities including financial companies to enter its capital market. We believe this will allow more high technology businesses and innovative companies to set up their bases here,” he says. He adds that many foreign enterprises from China and other countries are looking for cross-border investment and opportunities to enter the Islamic market. And Malaysia is in a good position to attract these companies and bring their advanced science and technological knowledge and capital into the country. “As countries and businesses globally are embracing the Industry 4.0 trend, the existence of high-tech enterprises will support such a transformation process,” he adds. Meanwhile, Wang says the world will witness drastic changes in the international order in the third decade of the 21st century. Malaysia’s leading position among ASEAN countries and how it continues to enhance itself as a global Islamic financial centre are keys to the country’s further progression. “We are standing at a turning point in the development of the Islamic finance industry. And what the industry players need now is the courage to speak our minds and voice our demands for the Islamic industry to open up further. When this happens, it will attractive worldwide attention. “APIB will work with the Malaysian government, financial institutions, local and foreign enterprises to help the country move towards a better future,” says Wang. SOURCE: Asia Pacific Investment Bank (APIB) FOR MORE INFORMATION, PLEASE CONTACT: Name: Tai Shin Yin Rechner Sdn Bhd Tel: 0133397873 --BERNAMA
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PETALING JAYA, Aug 26 (Bernama) -- Malaysia Productivity Corporation (MPC) with Retail and Food & Beverage Productivity Nexus has moved up the mentoring programme of the retail and food & beverage sector by leveraging on digital technology. The current approach entitled “Productivity Digitisation (Productivity 1010) Retail and F&B” is expected to enhance awareness on the benefits of digitalisation in improving productivity among businesses.
Through these online initiatives, MPC hopes to create awareness, participation and momentum for independent growth to build business productivity and digital competency, thus leading Malaysia towards sustainable economic growth. According to Director-General of Malaysia Productivity Corporation (MPC), YBhg. Dato’ Abdul Latif Haji Abu Seman “Digitalisation was discovered to be one of the top strategies used to maintain productivity, thus proving the need for greater awareness regarding the use of digital marketing and online platforms among businesses. Another advantage is to overcome the challenges set by social distancing and movement restriction order, digital marketing facilitates other ways for businesses to satisfy the needs of their customers. MPC has realised this before starting of the pandemic impact, as digitalisation of business advisory services offered by MPC has already started”. A total of 200 companies have participated in the RFB-VACs where a total of 18 model companies were selected to participate in this Productivity Digitisation Retail and F&B programme based on observation of high potential from the previous RFB-VAC sessions. Similarly, the programme offers one-to-one consultation sessions with relevant industry experts, with the inclusion of strategic customised assistance and mentoring to build and expand the business, image-wise and branding-wise. The sessions offered will home in on specific areas that are important for the business owner to address, namely business digitalisation, supply chain management and digital marketing and branding. The Productivity Digitisation Retail and F&B programme also provides tailored assistance in developing the business framework for existing international expansion as well as enhancement of the business’ existing online platform. It also assists in achieving productivity initiatives by upskilling workforce, increasing the overall efficiency and productivity of the company, and promoting the adoption of technology and digitalisation. The Productivity Digitisation Retail and F&B programmes also link businesses with relevant experts and government agencies to obtain suitable funding and advice. Retail and Food & Beverage Productivity Nexus (RFBPN) is one of the nine Productivity Nexus established by MPC to drive the implementation of productivity initiatives proposed by Malaysia Productivity Blueprint (MPB). RFBPN aims to address the key challenges of the industry and accomplish its goals in providing support and opportunities to SMEs through the digitalisation of business operations and strengthening their competency to reach the international standard. SOURCE: Malaysia Productivity Corporation (MPC) FOR MORE INFORMATION, PLEASE CONTACT: Name: Nor Adira Adnan Tel: 0179860758 Email: [email protected] Name: Huda Atiqah Samsir Corporate Planning Division Malaysia Productivity Corporation (MPC) Tel:03-7955 7266 Ext:484 Fax:03-7954 0795 Email: [email protected] --BERNAMA KUALA LUMPUR, Aug 25 (Bernama) -- LeddarTech® has announced its participation as a proud sponsor and presenter at the Mobility Re-imagined MOVE 2020 America from Sept 1 to 3.
“LeddarTech is excited to be involved in this tremendous event that brings together industry leaders in mobility and automotive innovations,” said Daniel Aitken, Vice President of Global Marketing and Communications. “The transition from a physical to a virtual event has enabled MOVE 2020 to reach a greater audience, and the level of participation and interaction promises to make this event one not to miss in September.” The company will lead two key sessions at the virtual conference, according to a statement. On Sept 1, (3.40pm EST), LeddarTech will host a virtual roundtable exploring how an optimal sensor-fusion stack can accelerate ADAS features and AD capabilities to accelerate the adoption of Level 3 to 5 technology. On the same date, (4.50pm EST) LeddarTech will host an interactive panel discussion along with key industry experts entitled ‘Multiple sensing modalities case study: The key to Level 3 to 5 autonomy’. LeddarTech is an industry leader in environmental sensing solutions for autonomous vehicles and advanced driver assistance systems. More details at www.leddartech.com. -- BERNAMA KUALA LUMPUR, Aug 25 (Bernama) -- SEEK Asia, which combines two leading brands JobStreet and jobsDB under one roof, today announced the appointment of Peter Bithos as Chief Executive Officer. In his new role, Peter will be responsible for leading and driving business growth and operations of SEEK Asia, while building on the company’s success and presence over the past 23 years throughout Southeast Asia. Peter’s 25-year career thus far includes various CEO and senior management positions throughout the region, encompassing both developed and developing markets and covering a spectrum of companies from start-ups to large enterprises. Peter’s notable achievements include building and scaling up digital businesses from scratch, and helping spearhead one of the most successful telco transformations in the world over the past decade. “Peter has a proven track record growing Tech, Media and Telco (TMT) businesses, leading digital business transformation programs and building strong company cultures in diverse markets across Asia Pacific and the United States,“ said Ian Narev, the SEEK Group Chief Operating Officer and Asia Pacific and Americas (AP&A) CEO. “I am very excited about what he will bring to our business, while taking SEEK Asia to the next level of growth.” Peter is taking over from Suresh Thiru, who has served as CEO since 2016, and has been with SEEK Asia (JobStreet) since 2000. “All of us at SEEK, JobStreet and jobsDB thank Suresh for his leadership over two decades. He was a real pioneer of our business, and was instrumental in establishing it as a market leader in this region and a trusted brand for millions of job seekers and organisations,” said Ian. Commenting on his appointment, Peter said: “I am deeply privileged to join one of the largest and best tech companies in the region. It’s truly exciting to be a part of fulfilling SEEK’s purpose in these times. The opportunity to work with SEEK’s teams and people across Asia to create step-change growth and an even better experience for our customers is unique and special.” “I feel fortunate to be joining at this very moment because SEEK Asia’s purpose to improve lives through better careers has never been more urgent amidst the current social and economic environments brought about by the COVID-19 pandemic,” he added. Over the past decade, Peter has been working across Asia and was most recently the CEO of premium digital streaming service HOOQ, a joint venture between Singtel, Sony and Warner Brothers. He previously held senior roles at Singtel, including Chief Operating Officer of Globe Telecom in the Philippines. Prior to this, he was CEO of Virgin Mobile Australia, and Director of Strategy and Corporate Development of Optus in Australia. He also has nearly a decade of strategy consulting experience, having served in a management capacity with Bain & Company. SOURCE: SEEK ASIA FOR MORE INFORMATION, PLEASE CONTACT: Name: Firdaus Tarmizi Communications Manager, SEEK Asia Email: [email protected] Name: Michael Ang Consultant for JobStreet Malaysia Email: [email protected] --BERNAMA KUALA LUMPUR, Aug 25 -- SweeGen has announced its joint venture with the China Commercial Foreign Trade Group (CCFT) as the strategic partner to distribute Bestevia® next generation non-GMO zero-calorie stevia sweeteners via its extensive distribution channels in China.
According to a statement, CCFT’s affiliate company China Commerce Sugar Industry Co is one of the largest sugar distributors and trading partners internationally. The joint venture will transform the sugar market by providing food and beverage manufacturers in China with the highly sought-after sugar reduction solutions from SweeGen. The strategic partnership comes at a time when SweeGen is expanding its regional applications capabilities worldwide to support and collaborate closely with its customers to enable unique local solutions. Stevia distributorship in China is in line with SweeGen’s mission to help reduce sugar and artificial sweeteners in the global diet. SweeGen’s Bestevia® Taste Solutions proprietary taste and sweetener platform offers solutions for food and beverage applications across the spectrum, including beverages, dairy, confectionery, bakery and sauces. Bestevia Taste Solutions deliver the industry’s most cost-effective and best tasting complete sugar reduction options. China consumes approximately 15 million tonnes of sugar annually. Growing health problems linked to obesity and diabetes are a concern to government health officials. -- BERNAMA |
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