Author: Karamjit Singh
The contribution of SMEs to Malaysia's GDP rose from 29.5% in 2005 to 32.5 in 2011. If Malaysia dares to dream of being a developed nation by 2020, the contribution of SMEs to GDP has to touch at least 40% -- which is SME Corp's task, says its CEO.
While speed to market is still considered a huge advantage in the online world, there are occasions when being late to the game can mean that you also see some warning signs early on while your competitors chase the prized market leadership position -- which is what has happened to Dealmates, according to its CEO Erman Akinci.
It is probably the first of the much anticipated Digital Malaysia slew of entry point projects (EPPs) to be go live. As of Sept 1, 2012 SME Corporation Malaysia has quietly launched the Enabling ePayment for SMEs and Micro Enterprises EPP under Digital Malaysia.
Most of the companies Malaysia Venture Capital Management Bhd (Mavcap) has invested in since 2011 have been startups, and quite a few of them have failed, says its chief executive officer Jamaludin Bujang.
Even though Mavcap has RM100 million left over from its last allocation from the Malaysian Government, it will be asking for more – ‘actually quite a substantial amount,’ says its CEO.
Rakuten Malaysia wants to grow into a full-line Internet services company, just as in Japan where it offers customers various online services including travel, e-reading, banking and financial services, securities and online marketing expertise.
It's been close to a year since Jamaludin Bujang took over as Mavcap CEO. DNA caught up with Jamaludin recently to get a feel for how Mavcap is doing, especially over the first seven months of the year, and how much money it has left to invest.
MSC Malaysia companies in the InfoTech Cluster that are Malaysian-owned chalked up an impressive US$2.6 billion in local sales last year.
Iskandar Malaysia made great progress in getting investors, both foreign and local, to buy into its growth story. However, Malaysians remain skeptical about the mega project.
UPDATED Jaring Communications Chairman Datuk Dr Md Khir Abdul Rahman says they were only surprised at timing of CEO resignation and that the turnaround plan the ex-CEO structured is only just taking off. In the interim Khir will make sure that Jaring will continue to focus on plans and activities which are value creation.