Japan Start-up Mercari Soars In First Day of Tokyo Trade

Japan Start-up Mercari Soars In First Day of Tokyo Trade

Digital Economy, Entrepreneurs, Smart City
Japan start-up Mercari soars in first day of Tokyo trade TOKYO (19 June 2018): Japanese flea market app Mercari soared yesterday as it debuted on the Tokyo Stock Exchange, a major success for the rare example of a Japanese ‘unicorn’ – a start-up valued over US$1 billion. The company initially priced its stock at 3,000 yen (US$27.30) a share, at the top of a prospective range. But that price was quickly surpassed on Tuesday, with shares trading around 5,300 yen at midday, putting the firm’s value at over 700 billion yen (US$6.37 billion). Figure 1: Mercari Inc. employees react as they hold the company's sign ahead of a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan, June 19, 2018. REUTERS/Kim Kyung-Hoon. The online marketplace,…
Read More
Alibaba’s Jack Ma and Malaysia PM Mahathir Mohamad talk tech, jobs and future as China deals come under scrutiny

Alibaba’s Jack Ma and Malaysia PM Mahathir Mohamad talk tech, jobs and future as China deals come under scrutiny

Aviation and Aerospace, Digital Economy, Entrepreneurs, General, Industry 4.0, Smart City
Alibaba’s Jack Ma and Malaysia PM Mahathir Mohamad talk tech, jobs and future as China deals come under scrutiny KUALA LUMPUR (18 June 2018): Alibaba Group’s efforts to undertake an intensive transfer of technology and skills to Malaysia are aligned with Prime Minister Mahathir Mohamad’s hopes for the Southeast Asia economy to transit into high-income status quickly, the Chinese conglomerate’s co-founder Jack Ma said on Monday. Ma was speaking to the media after a meeting with Mahathir in Kuala Lumpur – the first by a Chinese entrepreneur since the country’s landmark election on May 9 in which the veteran politician had been critical about investments from the mainland that had not brought jobs to the country. Mahathir won the election decisively and is back in power for a second tenure…
Read More
Jack Ma: It was Dr M’s MSC that inspired me to start Alibaba

Jack Ma: It was Dr M’s MSC that inspired me to start Alibaba

Aviation and Aerospace, Digital Economy, Entrepreneurs, General, Industry 4.0, Smart City
Jack Ma: It was Dr M's MSC that inspired me to start Alibaba KUALA LUMPUR (18 Jun 2018): The inspiration to form Alibaba was inspired by Malaysia's Multimedia Super Corridor (MSC), says Jack Ma. The Alibaba founder and executive chairman said that he read about MSC in a newspaper 20 years ago and found the idea inspiring. "I thought, 'Wow, this is a genius idea. If Malaysia can do this, why can't China. Why can't I do this myself?' "So Malaysia inspired me to create Alibaba," he said during the launch of an Alibaba Group office in Kuala Lumpur on Monday (June 18). The MSC was established in 1996 by the then Prime Minister Tun Dr Mahathir Mohamad, while Alibaba was founded in 1999. Ma said that he witnessed how…
Read More
Internet Access As Constitutional Right To Be Proposed To Cabinet Soon

Internet Access As Constitutional Right To Be Proposed To Cabinet Soon

Digital Economy, Entrepreneurs, General, Industry 4.0, Smart City
Communications and Multimedia Minister Gobind Singh Deo aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. CYBERJAYA (11 June 2018): The proposal for internet access to be made a constitutional right would be brought to the Cabinet in the near future. Communications and Multimedia Minister Gobind Singh Deo said the proposal was aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. Figure 1: Communications and Multimedia Minister Gobind Singh Deo said the proposal was aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. “The proposal will bring about an abundance of benefits and information access to the people without involving any political element,” he told reporters after a working visit to Malaysia Digital Economy Corporation (MDEC) here today. Gobind said if…
Read More
Kenanga Positive On Serba Dinamik Stake Purchase In CSE

Kenanga Positive On Serba Dinamik Stake Purchase In CSE

Digital Economy, Entrepreneurs, General, Industry 4.0
Kenanga positive on Serba Dinamik stake purchase in CSE KUALA LUMPUR (16 Apr 2018): Kenanga Research is positive on Serba Dinamik Holdings Bhd's 24.8% stake acquisition in CSE Global Ltd for a total S$57.7mil cash. The research firm said the stake purchase in the Singapore-listed company will expand Serba Dinamik's geographical footprint given that it has a presence in more than 20 countries. "Post-acquisition, we adjusted our FY18-19E earnings by 1.4% while net gearing level remains healthy at 0.23x. All in, OP call maintained with higher TP of RM3.95/share, pegged to 15.0x FY18E PER," it said in its Monday report. It said the purchase may also strengthen its capability in IT-related services by potentially integrating CSE’s various IT solution platforms, which include systems automation, integration and packages. Figure 1: A…
Read More
Internship Programmes Provide Job Opportunities

Internship Programmes Provide Job Opportunities

Aviation and Aerospace, Community Initiative, Digital Economy, Entrepreneurs, General, Industry 4.0, Our Community, Sarawak, Smart City
Internship programmes provide job opportunities MIRI (25 May 2017): Weststar Aviation Services (WAS) – as one of the leading oil and gas transportation service providers in South East Asia (SEA) – is providing job opportunities through internship programmes to locals where it operates. WAS domestic operations general manager, vice-admiral (R) Datuk Jamil Osman said as of 2017, a total of 750 graduates of mid and high education have undertaken the internship programmes with WAS – the outstanding ones absorbed into working for it. “Internship programmes are part of WAS’ strategies of investing in human resources, not only within the company but also with the community we operate in, especially in Miri,” he said during the handover of certificates to the first batch of four interns at WAS base here recently. Jamil…
Read More
Serba Dinamik In JV To Expand Offshore Business

Serba Dinamik In JV To Expand Offshore Business

Digital Economy, Entrepreneurs, General, Industry 4.0
The partnership with Mizuho would serve the purpose as the rm is now poised to tap into Mizuho’s network KUALA LUMPUR (7 May 2018): SERBA Dinamik Holdings Bhd is working with Mizuho Bank Ltd to expand its business capacity in offshore services. For a start, the company, via its wholly owned subsidiary Serba Dinamik International Ltd, signed an agreement of US$20 million (RM78.7 million) Islamic revolving credit facility with Mizuho’s local unit Mizuho Bank (M) Bhd, to facilitate the company’s offshore activities. “This joint venture (JV) with Mizuho is more than just a borrower-lender relationship. Mizuho will help us connect with first-tier Japanese manufacturers such as Mitsubishi Corp, Hitachi Ltd and many other companies for future collaborations,” Serba Dinamik MD and CEO Datuk Dr Mohd Abdul Karim Abdullah said at…
Read More