Luxembourg Launches €100m Fund To Back Space Technology Start-ups

Luxembourg Launches €100m Fund To Back Space Technology Start-ups

Luxembourg launches €100m fund to back space technology start-ups LUXEMBOURG (September 12): Luxembourg, one of the world’s smallest but wealthiest nations, is to launch itself into orbit with the creation of a €100m fund to invest in space technology start-ups. The creation of the fund, which will be in partnership with a number of international companies, will be announced on Wednesday alongside the official launch of the grand duchy’s space agency. Figure 1: Luxembourg launches €100m fund to back space technology start-ups. Etienne Schneider, the deputy prime minister, told the Financial Times that unlike America’s Nasa, the new Luxembourg Space…
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Japanese Government Launches $940 million Fund For Space Start-ups

Japanese Government Launches $940 million Fund For Space Start-ups

Japanese government launches $940 million fund for space start-ups The Japanese government is offering $940 million to fund space start-ups in a new push to grow the industry, the government announced Tuesday at an event in Tokyo. The funds will be made available through investments and loans over the next five years. Japanese start-ups such as ispace see the new funding as key to the long-term growth of the nation's space industry. TOKYO (March 20):Japan is offering $940 million to fund space start-ups in a new push to grow the industry, the government announced Tuesday at an event in Tokyo.…
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German expert says Malaysia’s auto-parts industry is ‘best-developed’ in SE Asia

German expert says Malaysia’s auto-parts industry is ‘best-developed’ in SE Asia

German expert says Malaysia’s auto-parts industry is ‘best-developed’ in SE Asia FRANKFURT, Sept 15 — Malaysia’s auto-parts industry has made good strides over the years and is the best-developed in South-east Asia. This is according to Michael Johannes, Vice President at Messe Frankfurt, the organiser of the world’s largest auto-parts and after-market trade fair, Automechanika. The event is held biennially and is now into its 25th year. Johannes also touched on the Automechanika Kuala Lumpur Trade Fair, the Malaysian edition of Automechanika to be held in March 2019, and described it as the gateway to the Asean region for Messe…
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Tourism Contributes 14.9 pct To Malaysia’s Economy

Tourism Contributes 14.9 pct To Malaysia’s Economy

Tourism contributes 14.9 pct to Malaysia’s economy KUALA LUMPUR (September 15): The tourism industry continued its significant contribution to the country’s economic growth with a share of 14.9 per cent last year as compared to 10.4 per cent in 2005. In a statement, chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the figure showed an upward trend since 2005 and was growing rapidly with an average annual growth rate of 11.2 per cent over the past twelve years. Figure 1: Datuk Seri Dr Mohd Uzir Mahidin. “The direct contribution of the tourism industry to the nation’s gross domestic product last year recorded 6.1 per cent with a…
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Sarawak Tops List of Best STOLport in Malaysia — MAHB

Sarawak Tops List of Best STOLport in Malaysia — MAHB

Sarawak tops list of best STOLport in Malaysia — MAHB BARIO (September 15): Sarawak tops the list of best Short Take-Off and Landing airports (STOLport) in the country. When disclosing this, Malaysia Airports Holdings Bhd (MAHB) acting group chief executive officer Raja Azmi Raja Nazuddin said these included STOLport in Lawas, Marudi and Bario in the respective ranking order. “If I have to rank the STOLports, the best today is in Lawas. This is followed by STOLport in Marudi and Bario in second and third placings respectively. All of these STOLports, which are located in Sarawak, make the Top 3…
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Serba Dinamik Bulking Up

Serba Dinamik Bulking Up

Serba Dinamik bulking up KUALA LUMPUR (June 2): IN a move that will fortify its position as a global, integrated engineering services provider, Serba Dinamik Holdings Bhd has been on a slew of mergers and acquisitions (M&A) in the first half of the year. This, coupled with a sustainable asset ownership model, will support Serba Dinamik’s growth going forward. Serba Dinamik is involved in operations and maintenance (O&M) as well as engineering, procurement, construction, and commissioning (EPCC) works. Serba Dinamik managing director and CEO Datuk Karim Abdullah tells StarBizWeek that the group intends to expand revenue contribution from its other…
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Serba Dinamik, Microsoft Team Up For Digital Transformation

Serba Dinamik, Microsoft Team Up For Digital Transformation

The partnership will be delivered throughout 3 stages: Discovery, design and deliver KUALA LUMPUR (August 28):SERBA Dinamik Holdings Bhd has inked a memorandum of understanding with Microsoft Digital Advisory Services to create a digital platform as part of the listed company’s commitment in digital transformation. Serba Dinamik group MD and group CEO Datuk Dr Mohd Abdul Karim Abdullah said the company is expected to finalise the proof of concept (PoC) for the initiative by year-end. Figure 1: Serba Dinamik Holdings Bhd Group CEO Dato Dr Ir Mohd Abdul Karim Abdullah and Microsoft Malaysia Managing Director K.Raman at the MoU between…
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Aerospace Centre Plan For Sabah

Aerospace Centre Plan For Sabah

Aerospace Centre Plan For Sabah KOTA KINABALU (August 25): Sabah will soon have its own aerospace centre that will produce aircraft parts, among others, according to International Trade and Industry Minister Darell Leiking. Figure 1: Chief Minister Datuk Seri Mohd Shafie Apdal(left) and Darell Leiking(right). "Aerospace industry in the country is monitored and coordinated by the National Aerospace Industry Coordinating Office (Naico) which is under the International Trade and Industry Ministry (MITI)," he said after a courtesy call on Chief Minister Datuk Seri Mohd Shafie Apdal, at the State Administrative Centre, Friday. "And this year, the industry managed to gain about RM13 billion in…
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Darell Wants To Push For Aviation Centre in Kota Kinabalu

Darell Wants To Push For Aviation Centre in Kota Kinabalu

Darell Wants To Push For Aviation Centre in Kota Kinabalu KOTA KINABALU (August 24): The International Trade and Industry Ministry (MITI) is looking into the possibility of establishing an aviation centre in the state. If this takes place, its Minister, Darell Leiking, said today that Sabah would become an aircraft spareparts producing state. He said the country’s aerospace sector expected to generate about RM13 billion in revenue this year. Figure 1: Darell Leiking (left), said today that Sabah would become an aircraft spareparts producing state.  “So, I’m thinking of pushing for an aviation centre at KKIP (Kota Kinabalu Industrial Park),”…
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Sarawak, West Kalimantan Youths Jointly Explore Tech, e-Commerce Opportunities

Sarawak, West Kalimantan Youths Jointly Explore Tech, e-Commerce Opportunities

Sarawak, West Kalimantan youths jointly explore tech, e-commerce opportunities KUCHING, August 18: Aspiring young entrepreneurs in Sarawak has forged an understanding with their counterpart in West Kalimantan to jointly explore growth opportunities involving technology and e-commerce. Figure 1: Abdul Qaiyum and Denia exchanging MoUs witnessed by Abang Abdul Karim Sarawak’s StartUp Borneo inked a memorandum of understanding (MoU) with Himpunan Pengusaha Muda Indonesia-Kalimantan Barat (Hipmi Kalbar) here today for this purpose. The signing was held at the Malaysia Productivity Corporation (MPC) Sarawak Region office. StartUp Borneo chairman Abdul Qaiyum Alidin said his members mounted an economic recce to Pontianak recently,…
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