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KUALA LUMPUR, Jan 25 (Bernama) -- The Ministry of Entrepreneur Development (MED) is confident that small and medium enterprises (SMEs) can contribute 41 per cent to the country’s gross domestic product (GDP) by 2020 as envisioned in the National Entrepreneurship Framework.

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KUALA LUMPUR, Jan 24 (Bernama) -- Malaysia targets to secure a portion of the US$300 million (US$1= RM4.12) halal market during the 2020 Tokyo Olympics, especially in the food and beverage (F&B) sector.

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KUALA LUMPUR: The Automotive Business Development Committee (ABDC), an agency under the International Trade and Industry Ministry (Miti), will now hold meetings twice a month to reduce the turnaround time of automotive incentive applications.

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Thursday, 24 January 2019 14:11

Matrade aims RM3.8 bln export revenue by MTC

KUALA LUMPUR, Jan 24 (Bernama) -- The Malaysia External Trade Development Corporation (Matrade) aims to increase the export revenue recorded by 152 mid-tier companies (MTCs) participated in the Mid-Tier Companies Development Programme (MTCDP) to RM3.8 billion by 2020 from RM2.5 billion in 2017

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KUALA LUMPUR, Jan 22 (Bernama) -- The upcoming Malaysia Halal Expo 2019 (MHE 2019) is set to become a platform for Malaysian small and medium enterprises (SMEs) to penetrate the Japanese market ahead of the Tokyo Olympics and Paralympics 2020. Themed “Malaysia to Japan for 2020 Olympics”, the expo will be held at the Kuala Lumpur Convention Centre from Jan 24-26.

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KUALA LUMPUR, Jan 22 (Bernama) -- The Asean Traders Association (Perda-Asean) is organising a coaching session on business financing for small and medium enterprises (SMEs) in the quest to extend financial assistance to them.

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FRANKFURT, Jan 17 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has been actively courting potential investors to the aerospace industry, while highlighting opportunities available to them within it in the country. This is linked to efforts at transforming Malaysia into a key international aerospace player. Yusri Hasnan Chu, the Frankfurt-based MIDA director, pointed out that the turnover from Malaysia’s aerospace industry had steadily grown over the years, from RM11.9 billion in 2013 to RM13.5 billion in 2017.

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KUALA LUMPUR, Jan 17 (Bernama) – The Malaysian Investment Development Authority (MIDA) will be organising a seminar on the furniture and wood-based industry in Kota Kinabalu on Jan 23 to promote Sabah as the next investment destination for the industry.
The one-day seminar, with the theme “New Era of Manufacturing for Furniture and Wood-Based Industry”, would focus on automation and smart manufacturing to promote the adoption of Industry 4.0 among wood-based industry players, it said.

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KUALA LUMPUR: The law on digital currencies and digital tokens will come into effect on Tuesday and any person operating unauthorised initial coin offerings (ICOs) or digital asset exchange faces a 10-year jail and RM10mil fine. Finance Minister Lim Guan Eng said on Monday after the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 would be effective Tuesday and the framework in place by end of the first quarter of this year.

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Monday, 14 January 2019 12:31

Startup opportunities abound

THE past few years have seen an increase of entrepreneurs in the local tech startup sector. With better access to funding, there is ample opportunity for new business ideas to take off. But while the number of startups in Malaysia has increased, industry observers say we are merely scratching the surface of where the industry could be. According to Yusuf Jaffar, programme manager of Global Accelerator Programme from Malaysian Global Innovation & Creativity Centre (MaGIC), there is an estimate of 3,000 startups in Malaysia. Compared to the over 1 million registered enterprises here, startups make up only 0.25% of total companies registered.


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