Childcare centre fees set to go up


Child care centre fees will likely increase by 10 per cent next year. — Picture by Zuraneeza Zulkifli

Operators expect 10% hike next year

SUNGAI BULOH: The fees for childcare centres across the country are expected to increase by at least 10% next year, says the Association of Childcare Centres Selangor.

This was due to the revised minimum wage, said association president Mahanom Basri.

“The increase depends on the management of the centre. If the rent, salaries and other expenditures have gone up, it will increase by between 5% and 10%.

“It won’t be a lot, but there will definitely be an increase,” she said here yesterday.

For example, Mahanom said a 10% increase from the RM300 fee per child would result in a new fee of RM330.

Besides the minimum wage, she said childcare centre operators also had to install CCTVs for extra security.

“Quality facilities require money so I hope parents are ready to pay for them,” she added.

The Government introduced the minimum wage policy in 2013.

On July 1, the monthly minimum wage was increased from RM900 to RM1,000 for peninsular Malaysia and from RM800 to RM920 for Sabah, Sarawak and Labuan.

Mahanom, together with more than 300 childcare centre operators, attended a dialogue session with Deputy Women, Family and Community Minister Datin Paduka Chew Mei Fun yesterday.

One of the issues raised during the two-hour closed-door dialogue was the licensing fees charged by local councils.

“We have proposed to the local councils that they could treat childcare centres as community service instead of commercial business.

“By doing so, they can reduce the licensing fees,” Chew said.

She said the ministry was also looking into easing some regulations.

“We will be looking at the ratio; such as how many children should be cared by one minder without compromising on safety.

“Childcare service is important and the demand is big. Many families have both parents working so we need to have a strong childcare service,” she added.

By Nurbaiti Hamdan The Star/Asia News Network

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My home, my school  

Be wary of these four types of financial predators


REGRETTABLY Malaysia seems to be fertile ground for all sorts of scammers. Just yesterday I received a text message from Bank Negara Malaysia, warning me not to open emails that claim they are from BNM and ask for payment verification.

The newspapers report every month on hundreds of Malaysians losing millions of Ringgit to all sorts of financial predators.

These are the four types of financial predators you should be aware of.

Financial predators that are selling you something amazing (for them). Some financial predators are trying to sell you something and only later you find out that the item is not the best use of your money at all.


Watch out for these financial predators
:

* The pyramid scheme operator who is selling you products which sound expensive and technologically sophisticated, but are worthless.

* The shop owner, who recommends expensive or high margin products, which turn out to be unpopular or old products to increase his profit or clear his inventory.

* The property agent, who pushes you to purchase a house despite knowing that there is a price correction coming. He just cares about getting his commission.

* Financial predators that want to make you rich (but make you poor instead).

Other financial predators are not selling you a product, but a dream: to be rich one day. You would be amazed to find out how much people are willing to spend in their pursuit of this dream. You can get rich in many ways, but not nearly as many, as ways in which you can get scammed.

For instance, consider:

*The investor or trader that is selling you currency, gold, stock or property with the promise of extremely high returns. Sometimes they don’t sell the assets, but a “secret” formula or (software) tool to always make a winning trade. Don’t fall for it!

* The prince, minister, lottery winner, retired general and other personalities which will reward you with a slice of their wealth. If first you pay some legal / custom fees.

* The fake lottery / contest predator, that tricks you into thinking you won a sizeable sum of money. You just need to pay up some administration fees before you can redeem your prize.

* The scratch & win agent and casino operator. “The house always wins.” You will bring more to the casino operator than he will give back.

* The (soccer) bookie, who extends upfront credit for you to place more bets and win back your losses. But if you keep losing, his friendly helpfulness will quickly vanish.

Financial predators that “just” want to help you (into bigger problems)

Some financial predators pretend they just want to help you – some may even say they have nothing to gain from it. Be aware of these sophists!

* The financial planner that gets more commission the more financial products you buy. Never mind whether you really need all that insurance and other financial products.

* The loan shark that will give you better rates or quicker disbursement than the bank, but asks much higher interest rates in return.

* The salesman that is selling you expensive insurance on top of your car / phone etc that already have guarantee from the manufacturer.

* The car dealerships and stores who encourage you to take their own (more expensive) financing plans instead of your bank’s instalment plans.

* The financial predator that is in love with you (or is it your money)?

* And then finally, the financial predator that lures you with dreams of romance. This one is the saddest of all, because doesn’t everyone deserve more genuine love in their life?

And isn’t it heart-breaking to see how scammers toy with people’s strongest desires, just for monetary gains?

Be aware for online girlfriends and boyfriends that contact you out of nowhere. Don’t be surprised when you find scammers that try to deceive you with romantic talk in the darkest of alleyways on the Internet (or just around the corner on Facebook and other social media apps).

Especially be wary if you have never seen your new love in real life or (s)he is a foreigner and needs your money in order to pay for visa or flights or to pay off local debts before (s)he is allowed to leave.

As you can tell, Malaysia and the world are full of financial predators. Don’t fall prey to them and become their lunch.

By Mark Reijman The Star/ANN

Mark Reijman is co-founder and managing director of https://www.comparehero.my/dedicated to increasing financial literacy and to help you save time and money by comparing all credit cards, loans and broadband plans in Malaysia. Keen on joining the team as a writer, then email mark@comparehero.my

The new China Syndrome: don’t tell Chinese balik Tongsan, Tongsan coming to Malaysia


May the goodwill generated from the Middle Kingdom’s investments coming our way be infectious.

NO doubt about it – the love is back. MCA is basking in its renewed affection and appreciation as a useful partner to Barisan Nasional.

That was supremely obvious in Prime Minister and BN chairman Datuk Seri Najib Tun Razak’s glowing speech at MCA’s annual general assembly on Sunday.

In the three years since the devastating general election in 2013, MCA has worked hard at rebuilding itself and has regained some of its mojo.

And it showed at this year’s assembly, which was very different from the mood and tone of the AGM post-GE13, when the party was still smarting from the anger and disappointment of its coalition partner.

Najib, feeling terribly let down by the lack of Chinese support, had lashed out at the community, calling their massive support for the Opposition a “Chinese tsunami”.

Not only that, he defended a Ma­lay newspaper’s front-page head­line: Apa lagi Cina mahu? (What else do the Chinese want?).

That year at its annual general assembly, he pointedly told MCA, whose parliamentary seats had been reduced to a mere seven and state seats to 11, half of what it won in the 2008 general election, that it needed “political Viagra” to raise its flagging spirit.

It was indeed a horribly low point for MCA. There were calls for the party to leave BN, but the leadership soldiered on, refusing to give up a long-established partnership.

A year later, at the MCA AGM, Najib did not mince his words again when he urged the party delegates to stop fighting among themselves because he found the factions confusing and tiresome.

All that has changed. On Sunday, he declared that there was no more Team A or B, only Team MCA, in recognition of Datuk Seri Liow Tiong Lai’s leadership in bringing unity and transforming the party.

But there was another feel-good factor at work at the AGM: the afterglow from Najib’s successful visit to Beijing a week earlier.

The Chinese government really rolled out the red carpet for Najib and his delegation, which included Liow, MCA deputy president Datuk Seri Dr Wee Ka Siong and other MCA leaders, during a six-day visit that netted investment deals amounting to RM144bil, covering bilateral trade, education, culture and defence.

Beijing’s warm relationship with Putrajaya and China’s position as Malaysia’s largest trading partner did not happen overnight.

China has always remembered Malaysia for being the first Asean country to establish diplomatic relations with it when communism was still seen as a threat to the region.

That was thanks to Najib’s father, second Prime Minister Tun Abdul Razak Hussein, who made that historic visit in 1974.

But it was the Malaysian Chinese community that went on to deepen and strengthen those ties. Again, this is something China remembers and is grateful for: Malaysian Chi­nese businessmen who invested in China in the late 1970s when Deng Xiaoping had just opened its doors to foreign investment.

Among them is the stellar tycoon Robert Kuok, said to wield great influence with the Chinese leadership, whose long-standing admiration for him culminated in CCTV, Chi­na’s state TV broadcaster, bestowing on him the China Econo­mic Per­son of the Year Lifetime Achievement Award in 2012.

Among the stories told include how Kuok earned the Chinese government’s trust and affection after he, the renowned Sugar King, secretly helped China overcome a severe sugar shortage in the early 1970s.

Interestingly, when Chinese leaders visit Kuala Lumpur or Singapore, they invariably choose to stay at Kuok’s Shangri-La hotel and that includes former president Hu Jintao and his successor, Xi Jinping, which is surely a measure of their continuing esteem for Kuok.

While the magnitude of the new investment deals raised eyebrows, China’s getting involved in building and funding major infrastructure projects isn’t new. After all, it was a Chinese construction company, CHEC, and a cheap Chinese government loan that helped build the second Penang bridge.

Granted, people have the right to be cautious and demand to know the details of such deals, and that should be respected. But there is no doubt that China has come to the rescue of Malaysia at a time when our economy needed a huge boost.

More importantly, Najib’s administration knows the role MCA leaders played in helping seal the deals.

After all, many of the MoUs signed concerned the development of transport infrastructure like the East Coast Rail Link and ports, which are under Liow’s portfolio as Transport Minister.

As reported, Liow made frequent trips to Beijing for meetings and wooed the Chinese to invest in Port Klang. Not only that, he was always on hand to host visiting Chinese dignitaries, like his counterpart Yang Chuantang, and Prime Minister Li Keqiang.

All the hard work came to fruition with the huge investments and the affirmation of trusted friendship between the two nations.

As Najib said, he continued to look east, like former prime minister Tun Dr Mahathir Mohamad’s Look East policy, because China was the world’s biggest economy. But frankly, there isn’t any other direction to look for big investment.

The realisation of China’s importance to Malaysia is fast taking root; so much so, the Red Shirts which, just a year ago tried to storm Kuala Lumpur’s Chinatown, have stopped their outright anti-Chinese attacks after Ambassador Dr Huang Huikang made it clear that Beijing would not stand for “incidents which threaten the interests of the country, infringe upon the rights of its citizens in doing business, or disrupt the relationship between Malaysia and China”.

But now that Najib has warmed up again to MCA and the Chinese from China are all the rage, it would really, really be nice if that love and goodwill could be spread around to Malaysian Chinese who have long invested in this place they call home and helped build it into a modern, progressive, successful nation.

It is time to stop making the Chinese community the convenient whipping boy and the bogeyman to frighten the Malays for political expediency. And no more allowing groups and individuals to spew hate speech and dangle the threat of another May 13.

This type of divisive politics has gone so bad that Liow reiterated his call for a National Reconciliation Council to strengthen the two pillars of national unity and cultural diversity, which he said had come under attack.

That is what is sorely needed to improve MCA’s chances of winning back the Chinese vote in the next general election, which is Najib’s ultimate challenge to the party.

As the joke that is going around now: no point telling the Chinese to balik Tongsan (go back to China) because Tongsan is coming to Malaysia.

By June H.L. Wong, So Aunty, So What? The Star/Asian News Network

Aunty was determined not to write about Donald Trump but she must mention she was gobsmacked by his five-year-old granddaughter’s ability to speak Mandarin.
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Malaysian PM Najib given official welcome at China’s Great Hall of the People https://youtu.be/v87tJF3uO7U   Prime Minister …

Xi, Trump discuss China-US cooperation


Working together ‘only correct choice’, Chinese leader tells president-elect

President Xi Jinping said on Monday that “there are a lot of things” China and the United States need to, and can, cooperate on, in a phone call congratulating Donald Trump on his US presidential election victory.

“Facts have proved that cooperation is the only correct choice for China and the United States,” Xi told Trump, noting that the past 37 years of diplomatic relations have brought concrete benefits to the people of the two countries, as well as facilitating global peace and stability.

Since China and the US now have important opportunities and great potential for cooperation, Xi said the two countries should better coordinate in promoting the economic development of both countries and the world, and expand exchanges in all fields to bring bilateral ties forward.

“During the call, the leaders established a clear sense of mutual respect for one another,” a statement from Trump’s presidential transition office said. “President-elect Trump stated that he believes the two leaders will have one of the strongest relationships for both countries moving forward.”

The two leaders also agreed to keep in close contact and meet at an early date.

Tao Wenzhao, a researcher of Sino-US relations at the Chinese Academy of Social Sciences, said mutual interests between the US and China will not be subject to US political changes. Both US parties subscribe to developing relations with Beijing.

Tao said it will take time to see how Trump’s China policy develops after he takes office, though the new administration “will not necessarily resort to a trade war with China”, despite his statements during the campaign and pressure from many US politicians for greater containment of China.

Tao said that is “because he is a smart businessman, and a trade war surely impacts both sides”.

Fu Mengzi, a Sino-US relations researcher at the China Institute of Contemporary International Relations, said there should be a distinction between Trump’s statements during the campaign and his policies as president.

“He knows the importance of China-US relations. He will find some ‘China hands’ to draft his policies toward China,” he said.

At a daily news conference on Monday, Foreign Ministry spokesman Geng Shuang said China has remained in close communication with the US side, including Trump’s team.

Geng also said that China expects to expand cooperation with the new US administration at all levels and in various fields, including infrastructure construction .

“The fundamentals of China-US relations will not change in the future, even though frictions may occur,” Fu said.

Tao said the Chinese government will continue to cooperate with the Obama administration, citing the 27th China-US Joint Commission on Commerce and Trade coming up in Washington, DC.

By Mo Jingxi | China Daily.
 Beijing ready to push forward China-U.S. ties on new starting point: FM

 China stands ready to further promote its relations withthe United States on the new starting point following the election ofDonald Trump as the next U.S. president, Chinese Foreign Minister WangYi said in Ankara on Sunday.

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Stop bitting the helping hand


Many of the negative responses over the deals with China seem to be politically motivated, stemming from ignorance and, in some cases, ethnic prejudice against all things Chinese.

 

YOU can be angry with Datuk Seri Najib Tun Razak but let’s not lose our objectivity. The Prime Minister brought in RM144bil worth of deals signed between Malaysia and China.

Many Asean countries are eyeing that kind of money from China but strangely, some Malaysians’ sense of rationality is becoming warped, even perverted, and they feel it is prudent to go into senseless name-calling and mindless smearing of China.

We have to be careful here – remarks like Malaysia indulging in yellow culture, selling our soul to China and comments which smacks of racism are surely not the way to treat a friendly superpower nation like China.

Those making such disparaging remarks are doing a disservice to Malaysia. It’s akin to throwing sand into our rice bowl.

Hate the PM as much as you want as this is how democracy works. But do some of us need to lash out with political rhetoric against China?

It is one thing to score points against our political rivals but surely, there must be a line drawn – let’s not bite the hand that is trying to help us at a time when Malaysia needs to secure more foreign investment to shore up our flagging revenue from oil and gas.

Many of the negative responses over these deals with China seem to be politically motivated, stemming from ignorance and, in some cases, ethnic prejudice against all things Chinese, whether it has to do with mainland China or Chinese Malaysians.

Let’s look at the numbers – foreign investors (including the US) are net sellers of stocks in Bursa Malaysia and have reportedly dumped RM948.1mil in stocks although some have said it is even more.

Malaysia can no longer depend on traditional foreign direct investments from the US and other Western countries.

The reality is that China invested as much as US$84bil (RM370bil) in 2012, establishing it as the world’s third largest outward investor after the US and Japan. China has aggressively eclipsed other nations.

The shift towards China, according to one study, is obvious as the republic emerged as Malaysia’s largest trading partner, enjoying a 13.8% share of Malaysian trade since 2012.

Malaysian firms (especially those owned and managed by Malaysians of Chinese descent) have also been actively investing in China since it liberalised its economy in 1979. Some of these firms played a crucial role in attracting mainland Chinese firms to invest in Malaysia, according to studies.

Everyone knows that China has the money. And Malaysia has an edge over other Asean countries because of the link between Chinese Malaysians and China that has given us an advantageous position, especially when China increasingly sees Singapore as a US ally.

There are some who are unhappy with China’s purchase of 1MDB’s energy assets in Edra Global Energy Bhd for RM9.83bil by the state-owned China General Nuclear Power Corp recently, suggesting that the republic was only helping Najib out in the 1MDB controversy.

But let’s look at other investments – even before the recent trip by the PM. China has put in a multi-billion ringgit purchase of a substantial equity stake in Bandar Malaysia via China Railway Construction Corporation.

China Railway Engineering Corporation has announced plans to set up its multi-billion regional headquarters in Bandar Malaysia, which will host the main terminal for the proposed KL-Singapore High Speed Rail project.

It has been reported that the Chinese government has started buying more Malaysian Government Securities (MGS) and this inflow of new money could possibly rise to RMB50bil (about RM30bil) in total or 8.5% of Malaysia’s total outstanding MGS as of early April.

Those who have been grumbling should answer if there’s any big money coming from the US, Australia or Britain.

And many of us are also wary about money coming in from the Saudis – some are alleging that they are exporting radical Islamic values to Malaysia. Do we need this?

Like it or not, China, apart from being Malaysia’s largest trading partner which takes up 19% of its exports, is presently one of the top five foreign investors in the country.

Investments from China in the manufacturing, construction, infrastructure and property sectors are at significant levels now.

According to official data, China’s investments in the manufacturing sector here from 2009 to 2015 totalled RM13.6bil, creating 24,786 jobs.

Malaysia also needs more Chinese tourists to visit our country and we hope to attract two million Chinese tourists by the end of the year. Our tourism industry has seen a growth of 23% in arrivals from China since the e-visa entry programme was introduced in March this year.

China is the third largest source of tourists for us after Singapore and Indonesia. Malaysia targets eight million Chinese tourists by 2020.

Only 10% of China’s population travelled out of their country and yet they have spent US$229bil (RM1tril) globally last year. They easily beat the number of many Western countries put together!

They spend more than other tourists and they travel in bigger numbers. We all know that in Western countries, Chinese-speaking shop assistants are specifically hired to engage with this segment of customers.

Malaysia is not on the radar of Chinese tourists but more young Chinese tourists have chosen to visit Sabah because of its beautiful sea and lush forests.

Chinese tourists spent US$215bil (RM948bil) abroad last year, 53% more than in 2014, according to a World Travel & Tourism Council report, a figure which is more than the annual economic output of Qatar. Chinese tourists are now spending way more than anyone else, including the Americans.

The number of Chinese tourists travelling globally has more than doubled to 120 million over the last five years, according to data from the China National Tourist Office and WTTC. That means one in every 10 international traveller now is from China.

Malaysia is missing out on this action, unfortunately. For a start, we can make travelling into Malaysia easier for them and having more direct flights will help.

Let’s give credit where credit is due. Najib has done well, from his recent trip to China.

It will even be better if our own Air Asia gets to fly into more Chinese cities as this will surely help boost Chinese tourist arrivals.

Let’s get real, all of us.

Certainly we have the right to express our concerns over the terms of some projects, and to seek clearer details, but let’s not drag in unnecessary elements which strain bilateral ties.

By Wong Chun Wai

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group’s managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

Related:  Digital free trade zone makes much sense

 

 

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TPPA in danger of collapse after its biggest critic wins US presidency


KUALA LUMPUR: The Trans Pacific Partnership Agreement (TPPA) faces its biggest challenge with the election of its major critic Donald Trump as US president. The agreement will collapse without the participation of United States, said its prime mover in Malaysia, Datuk Seri Mustapa Mohamed.

The International Trade and In­­dus­try Minister explained that for TPPA to be ratified, it needs at least six countries, accounting for 85% of the combined gross domestic product of the 12 signatories.

“Without the United States, there will be no TPPA,” he said when met in Parliament yesterday.

He added that failure to carry out TPPA may affect the Malaysian economy.

“We went into TPPA for the overall interest of Malaysia. To be a part of this process, to do more trading, as we believe that this will help trade and investment for Malaysia.

“Among the reasons why we joined was to get access to Mexico and Canada, countries that we haven’t gotten access to,” he said.

He, however, was quick to add that it was too soon to make an analysis on the matter.

Trump’s shock victory stunned capital markets around the world with investors seeking safe haven assets such as gold to brace the period of uncertainties.

In an immediate after-effect Asian stock markets fell, with Bursa Malaysia performing relatively better than most other markets, shedding less than 1%.

The US dollar index, which measures the strength of the currency against a basket of currencies, spiked to more than 1,207, largely due to the weakening of emerging market currencies and strengthening of safe-haven currencies such as the Yen and Swiss francs.

The ringgit fell to RM4.224 against the greenback, a nine-month low since Feb 25. Gold spot prices went up by almost 5% to US$1,337 (RM5,645) as investors sought shelter in safe haven assets in the period of uncertainty.

Ministers and chief negotiators of TTPA countries are expected to meet in Peru soon to take stock on the fate of the agreement.

International Trade and Industry secretary-general Datuk J. Jayasiri, who was Malaysia’s chief TPPA negotiator, said there was no indication so far that Washington under President Barack Obama would not table the Bill in the US Congress for ratification.

“All indications from US Trade Representative Michael Froman is that they are working hard to table it. The US has its own domestic process and for Malaysia we will continue the process of amending our laws,” he said.

Peru will host the annual Asia Pacific Economic Cooperaton (Apec) summit on Nov 19 to be attended by Prime Minister Datuk Seri Najib Razak. Obama is also expected to attend.

American Malaysia Chamber of Commerce (Amcham) executive director Siobhan Das said US business investments would continue to find a home in Malaysia.

“Amcham supports all efforts that enable free and fair trade between all parties, and looks forward to working with the new administration to grow US business interests in Malaysia,” said Das.

Malaysian Association for Ame­ri­can Studies (MAAS) President Prof Dr K.S. Nathan believed that Trump would try to fine tune but would not scrap the agreement.

“They may renegotiate some aspects of it but I don’t see Trump pulling back on the TPPA or even the North American Free Trade Agreement”.

The US Embassy’s charge d’affaires Edgard Kagan explained it was still possible that TPPA would be approved by US lawmakers.

“There are different views on trade in the US. President Obama is committed to the TPPA and we will just have to see what happens,” he said.

In theory, the TPPA could still be ratified by Congress during its “lame duck” session.

This is the session which takes places after the US presidential election but before the inauguration on Jan 20 next year.

BY Razak ahmad, Neville spykerman, Mergawati zulfakar, Loshana k shagar, Hemananthani sivanandam, Rahimy rahim, Martin carvalho, andd. Kanyakumari The Star/ANN

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Jack Ma advisor to Malaysian Govt on digital economy to start with e-FTZ


https://www.youtube-nocookie.com/embed/fb74uSG-7Ro

China-Malaysia Promising relationship: Najib delivering his speech in Beijing. ‘A digital economy with e-commerce is Malaysia’s next growth strategy,’ says the PM.

Alibaba founder Jack Ma agrees to be advisor to Malaysian Govt on digital economy

BEIJING: Alibaba Group founder Jack Ma has agreed to act as an advisor to the Malaysian Government on its digital economy aspirations, says Prime Minister Datuk Seri Najib Tun Razak.

“We will be in partnership with Jack on the path and route to the future,” said Najib.

He said that Ma had also agreed to come to Malaysia to attend the launch of its E free trade zone in March.

Najib said this before he launched Alitrip Tourism Malaysia together with Ma Friday to lure Chinese tourists to Malaysia.

“You can see that China is the place to be. It has 300 million middle-class people, larger than US population.

“We hope, together with Alibaba, we can make Malaysia and China more prosperous,” he said.

In his Budget 2017 speech on Oct 21, Najib announced the setting up of a Digital Free Zone.

He also unveiled the Digital Maker Movement and the Malaysia Digital Hub to help nurture talents and create innovators to build a fully sustainable digital economy.

The digital economy is said to account for 16% of Malaysia’s GDP and is expected to rise.

By Ho Wah Foon The Star

Adviser Jack Ma to start with e-FTZ

Digital push: Najib with Alibaba Group executive chairman Jack Ma (left) during launching ceremonyjof the Alitrip Malaysia Tourism Pavilion. Looking on is Tourism and Culture Minister Datuk Seri Mohamed Nazri Addul Aziz – Bernama.

BEIJING: Alibaba founder and executive chairman Jack Ma will kick-start his role as adviser to the Malaysian Government on its digital economy at the launch of a e-free trade zone (e-FTZ) in March.

Ma, a global business icon, has ideas on the set up of the e-trade zone, Datuk Seri Najib Tun Razak said.

“I had a (30-min) meeting with Mr Jack Ma. He has agreed to be adviser to our Government on the digital economy,” said the Prime Minister.

“Jack Ma did not ask for payment. I don’t think we can afford to pay him,” Najib said in jest later to a reporter’s question.

In his Budget 2017 ( see related posts below) speech last month, Najib announced that a digital economy that includes e-commerce would be Malaysia’s next growth strategy as this could bring about double-digit growth.

Alibaba is the largest and most well-known e-commerce giant in China and the world.

“We will be in partnership with Ma on the path and route to the future,” said Najib before launching the Alitrip Tourism Malaysia Pavilion in collaboration with Alibaba Group.

Najib said Malaysia would have to act fast to implement Alipayment, further develop online banking and online commerce as “we don’t want to miss the boat”.

On the pavilion, Najib said: “You can see that China is the place to be. It has 300 million middle-class people, larger than the US population.

“We hope, together with Alibaba, we can make Malaysia and China more prosperous,” he said.

Ma, before launching the pavilion jointly with Najib with the premier’s mobile phone, urged Chinese tourists to visit Malaysia and enjoy the culture there.

“We have a long history between these two countries. About 2,000 years ago, Chinese went to Malaya to make a living. Now, we should go there to enjoy life – not to survive,” said Ma.

He took the opportunity to pay tribute to the Prime Minister’s father for having the foresight to be the first leader in Asean to establish diplomatic ties with China when others shunned the republic for being a communist nation.

“Today, we are benefiting from this decision made 42 years ago. Malaysia is China’s largest trading partner in Asean and China is Malaysia’s biggest trading partner.”

On Malaysians, he noted that on average each Malaysian has 230 friends on his social network.

“This means Malaysians are friendly, trusting and inclusive. This is an excellent culture.

“I love Malaysia… you have the culture, environment, food and hospitality and inclusiveness.”

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Alitrip expected to bring 8 million Chinese tourists

.Alitripexpected-to-bring8millionChinesetourists

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Prime Minister Datuk Seri Najib Razak (L) and China’s Premier Li Keqiang at the Great Hall of the People, in Beijing. – EPA

Malaysia-China ties to a new high

Malaysian PM Najib given official welcome at China’s Great Hall of the People https://youtu.be/v87tJF3uO7U   Prime Minister …

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