China

Iskandar Malaysia Recorded RM9.33 billion Committed Investments for Quarter 1 2018 2

Iskandar Regional Development Authority (IRDA) announced that Iskandar Malaysia recorded committed investments of RM9.33 billion in Quarter 1 of 2018, bringing the total cumulative committed investments to RM262.43 billion from 2006 until 31st March 2018. Of this total, 59% or RM153.54 billion represent investments that have been realised. To date, local investors had contributed RM160 billion (61%) to the total cumulative committed investments while the balance RM102 billion (39%) were

Accumulating Wealth 17

When Driving into a Strong Headwind In early April 2018, the stock market had one of the most volatile periods in the last five years. While the market sentiment has turned jittery after Trump announced the tariff for steel and aluminum, it went panicked on 4th April 2018 when China announced that it would levy 25% tariff on $50 billion worth of US imports. This sent the Dow Jones future

Export Tax Freeze to Support Malaysian Palm Oil Industry

On 8th January 2018, the government suspended export taxes on crude palm oil (CPO) for three months, a move Mah Siew Keong, the Minister of Plantation Industries and Commodities, described as a short-term, pre-emptive step to increase the product’s competitiveness in global markets. Export duties are imposed on all palm oil exports above RM2250 ($568) per tonne at a rate determined by a monthly reference price. The January reference price

True Colours Festival - Asia-Pacific’s First Celebration of Artistes with Disabilities 3

A major festival, the first of its kind in the region, will make its mark as a key highlight on Singapore’s 2018 event calendar. True Colours Festival will take place from 22nd to 25th March 2018. Up to 20 performing artistes/troupes from Japan, China, India, Korea, Malaysia, Cambodia, Kazakhstan, New Zealand, Australia and Singapore, plus guest artistes from the United Kingdom and Canada, will perform at a multimedia concert experience

YTL Secures Gemas-Johor Bahru Electrified Double-Tracking Railway Project

YTL Corp’s Managing Director Tan Sri Yeoh Sock Ping at the group’s AGM revealed that the company had secured a package from the RM8.9 billion Gemas-Johor Bahru electrified double-tracking railway project. However, no further details were disclosed as reported by the EdgeProp. The project covers 191km in the southern region, from the state of Negeri Sembilan to Johor. The overall project was awarded to a consortium of three China-based companies

Malaysia Develops Infrastructure to Support Regional E-fulfilment Ambitions 1

Several major international retailers are opening logistics centres in Malaysia, furthering the country’s aim of becoming a regional distribution hub. In March, Chinese e-commerce giant Alibaba announced it would set up an integrated logistics and distribution facility in Kuala Lumpur, part of an initiative to develop a Digital Free Trade Zone (DFTZ) in concert with the Malaysian government. Set to be launched in late 2019, the Alibaba facility will combine

Bestseller Brings ‘The Vibe’ of Jack and Jones, Vero Moda and ONLY to KL! 7

To celebrate its official launch in Malaysia, international fashion company, BESTSELLER recently hosted ‘The Vibe’, a unique launch party which brought together the best in fashion, music and entertainment in a stunning setting. The Danish fashion giants gave the audience a night to remember as the exclusive launch was held in a venue that was custom made for the occasion, overlooking the iconic Suria KLCC which houses Bestseller’s brand new

SGshop Malaysia: First Online Shopping Platform in Medini City 5

SGshop Malaysia is owned by two young ambitious Malaysian siblings Lua Cheong Hong (Director) and his younger brother Lua Cheong Rui (Operations Manager). Established in December 2014, SGshop Malaysia (www.sgshop.com.my) is an online shopping platform that provides affordable alternative to younger generation to purchase wide range of good quality products from China, and shipped directly to the doorsteps of its customers in Malaysia. The goods available online include a range

Malaysia to Be Top Logistic Hub in Asia 2

The E-commerce industry is expanding at an incredible rate nowadays and traditional businesses have to adapt and embrace these changes in order to remain relevant in the new market. Realising the need for an intensive training for the e-commerce industry players in Malaysia, JOIS (Taobao International University Training Programme Malaysia Collaborating Partner) organised the first Alibaba Global Course outside of China at Forest City. Attracting more than 500 SMEs and

Johor Setting Its Sight To Be World’s Leading Halal Food Manufacturing Centre - Part Two 1

During the launch of Johor Halal Park’s (JHP) sales gallery in Pasir Gudang last year, Mohd Noor Abd Salam, Chief Executive Officer of UMLand J-Biotech Park Sdn Bhd., revealed that JHP has attracted significant interests from the domestic and overseas markets. They include Singapore, Taiwan, South Korea, Japan, China, Turkey and recently the United States. So far, JHP said it is making great strides especially in neighbouring Singapore and Korea.