Local Business Archives - Page 33 of 48

Uttar Pradesh MSME Minister Rakesh Sachan Urged MSMEs to Invest in the State at SMEStreet GameChangers Forum 2022 Webinar

Shri Rakesh Sachan, Cabinet Minister for Ministry of MSME and Khadi, Government of Uttar Pradesh, attended the SMEStreet GameChangers Forum 2022 Webinar as the Chief Guest and emphasised Uttar Pradesh’s MSME Policies and Shri Yogi Adityanath’s government’s commitment to MSMEs’ development in the state. Smt Mercy Epao, Joint Secretary, Ministry of MSME, Govt of India, attended the event as the Guest of Honour and delivered her keynote address, highlighting flagship MSME policies and schemes that are designed to give a boost to MSMEs in order to bounce back on a growth path after the pandemic.

Shri Rakesh Sachan, Minister of MSME and Khadi in the UP Government, emphasised the UP Government’s commitment to creating a positive and safe environment for business.”We are working towards ensuring an all-around positive ecosystem for economic upliftment in the state. The last few years have shown a great level of enthusiasm from both MSMEs and the investor community from across the world in coming to our UP state.

Highlighting the first 100 days of the second term of the Yogi government of Uttar Pradesh, the MSME Minister of UP mentioned the success of the Mega Loan Mela that Chief Minister Shri Yogi Adityanath launched. Through this initiative, a loan of 16 thousand crores has been distributed to one lakh nine hundred thousand beneficiaries of the state.

The Minister also highlighted initiatives like the sanctioning of common facility centres in various districts under the One District, One Product common facility centre (CFC) saying, “Such schemes are helping MSMEs from smaller towns like Azamgarh, Siddharthnagar, Sitapur, and Ambedkar Nagar. Similarly, the proposal for the upgradation of infrastructure facilities under the central government’s Cluster Development Program shows that major development work is happening in Jalaun’s Industrial Asthan Coach, Salarpur Industrial Area of Badaun in only the first 100 days of our government. The work of setting up the Woolen Thread Cosmetic Center in Prayagraj is going on. About 35% of the building work has been completed.

While giving the keynote address to the SMEStreet GameChangers forum, Smt Mercy Epao, Jt Secretary of MSME Ministry emphasized on Central Government’s focused approach towards creating a conducive ecosystem for the growth of MSMEs in the country. She said that the government has initiated many programs and schemes in credit facilitation, cluster development, technology centres, market linkages, skilling and capacity building, encouraging innovation and sustainability, and creating better coordination between the Central Government and State Governments. The Ministry of MSME is not only working on policies but also addressing the grievances of MSMEs through online Champions and Samadhan portals. The MSME Ministry has recently launched the CBFTE Scheme to support first-time exporters by assisting them financially with registration with EPCs, insurance premium testing, and certification of their products and services. Innovation, ZED and Lean schemes will help the MSMEs to become competitive in the global value chain. The Ministry has launched the Udyam Registration portal to encourage MSMEs to access various benefits offered by the government. It is also a step toward bringing the MSMEs into the formal sector.

“Towards inclusive growth, the Ministry has been implementing NSSH Scheme to support SC/ST entrepreneurs mainstream their economic activities. It has been working with a focused aim of reaching 4% procurement by the CPSEs/Government from the SC/STs. To encourage women entrepreneurship, SAMARTH has bn announced on 8th March 2022 to reserve 20% seats for all skill programs n exhibition/fairs (both domestic & international),” said Smt Mercy Epao, “Skilling is one of the major programs taken up to encourage youth to take up entrepreneurship or find placement for livelihood.”

“We are also working on the final stage of development of the updated National MSME Policy. We have invited suggestions and recommendations from industry associations for ensuring a comprehensive National MSME Policy. “We are thankful to all industry associations, including SMEStreet Foundation, for submitting their recommendations for the updated MSME Policy,” says Smt. Mercy Epao.

The webinar was held on July 19th and was attended by over 4,000 MSME audience members via SMEStreet.in and various social media platforms. Shri P Udayakumar, CMD of NSIC, also participated in the forum and emphasised NSIC’s commitment to building a new India which will have successful MSMEs and a sustainable growth ecosystem for the sector.

Shri P Udayakumar, CMD, NSIC, Ministry of MSME, presented a special address in which he highlighted MSME schemes that are executed by NSIC.

Shri Uadayakumar said, “While NSIC schemes are getting very positive feedback from MSMEs, I certainly see a very positive growth curve for Indian MSMEs in the next few years.” The next few years will witness the great results of MSME success stories. I am extremely pleased to note that SMEStreet is organising a webinar on ” Role of MSMEs in the chase of 5 Trillion economies.”

NSIC plays a major role in recharging the MSME units after the pandemic hit to get the business opportunities growing in an exponential way from the domestic and export markets.

Earlier, Shri Faiz Askari, Founder Editor of SMEStreet and Secretary General of SMEStreet Foundation, welcomed the distinguished speakers into the second webinar of SMEStreet GameChangers Forum 2022 and said, “The MSME sector, in today’s time, is at the crux of a global economic evolution. Scenarios are fast changing and Indian MSMEs are completely qualified to capitalise on the new regime of opportunities. We are SMEStreet. We are extremely excited to bring you this forum, which is aimed at highlighting contemporary opportunities for MSMEs. Through various webinars, podcasts, articles, and reports, SMEStreet will continue to explain and explore every single opportunity for MSMEs’ growth. Today’s webinar was phenomenally successful with respect to showcasing such opportunities, and I am thankful to our leaders and policymakers who are committed to creating an MSME-oriented ecosystem.”

In a special session delivered by Shri Samir Sathe, Executive Vice President, Wadhwani Advantage, Wadhwani Foundation MSME Development Services and the roadmap by Wadhawani Foundation were explained and highlighted.

A panel discussion on the Roadmap for MSMEs with MSME Perspective in the Pursuit of India Becoming a 5 Trillion Dollar Economy was also organized, with distinguished panellists such as Shri P Uadayakumar, CMD of NSIC, Ministry of MSME, Shri Naresh Verma, Past President, Manufacturers Association Faridabad, and Shri Abhinav Jain, Founder, Almond Virtex participating.

For the panel discussion, Shri Udayakumar mentioned, “NSIC offers fully integrated solutions to MSMEs, from incubation to last mile exports through various interventions. The latest game-changing interventions are Self Reliant India( SRI) Fund for equity infusion with a corpus of Rs 50000 Crs, A scheme for the first-time exporters supported by the Ministry, and Subsidy support for Micro enterprises for MSMEmart membership among another commercial scheme. We assure the MSMEs that we will provide all required commercial support and hand holding so that MSME units play a major role in making the 5 Trillion economies.”

Shri Naresh Verma spoke on the competitiveness and potential of Faridabad, Haryana-based manufacturers and also hinted at the government’s proactive efforts to improve the level of ease of doing business. also pointed out some challenges like power and fuel supply for the smooth functioning of the business. Shri Abhinav Jain highlighted the role of new-age collaborative technologies that are enabling MSMEs to do business in the new era.

Mr. Abdulhasan Al-Dairi, Chairman of Bahrain SMEs Society and Deputy Chairman of the United SMEs Organization (UNISMO), participated in the panel discussion and gave a global perspective on business and also touched upon opportunities for Indian and Bahraini MSMEs.

A detailed report on the panel discussion will be published separately on SMEStreet.in.

The forum also highlighted SealTech International as an MSME from Faridabad which is doing exponential work in the area of the oil and gas sector not only in India but across the globe and the USA in particular. Shri Raju Mishra, CEO & Director of SealTech International, presented details of his organisation’s milestones. This section was part of the SMEStreet Foundation’s Star MSME Showcase in which SealTech International was featured as a success story.

SMEStreet GameChangers Forum 2022 is supported by the Ministry of MSME, Govt. of India, Entrepreneurship Development Institute of India, Ahmedabad, National Small Industries Corporation, LexComply, and Almond-Vertix. SMEStreet Foundation is the executing agency for this activity, and global partners include Bahrain-based UNISMO, AASGON, and United Nations Global Compact, UK.

About SMEStreet GameChangers Forum 2022

On World MSME Day, June 27th, 2022, SMEStreet GameChangers Forum 2022-a series of webinars and podcasts were launched. The theme of the entire series is “The Role of MSMEs in Chasing the 5 Trillion Dollar Economy Target.”

SMEStreet is working along with its stakeholders to create a valuable and noteworthy ecosystem for MSMEs where meaningful discussion for the upliftment of Indian MSMEs can happen.SMEStreet is working along with its stakeholders to create a valuable and noteworthy ecosystem for MSMEs where meaningful discussion for the upliftment of Indian MSMEs can happen.

The keynote address of the inaugural session of SMEStreet GameChangers Forum 2022 was delivered by Shri BB Swain, Secretary, Ministry of MSME, Government of India. Shri Swain highlighted the recent milestones that were achieved by the MSME Ministry towards MSME development. He mentioned, “Coordinated and collaborative efforts of stakeholders have to lead us to win over the recent pandemic. Today, we are on a recovery path, better positioned than the previous year, with a projected growth rate higher than that of the global economy.”

SMEStreet GameChangers Forum 2021

In June 2021, SMEStreet GameChangers Forum was launched by the Then Hon’ble Union Minister of MSME Shri Nitin Gadkari and the Special keynote address was delivered by Hon’ble Governor of Kerala State Shri Arif Mohammad Khan. Shri Gadkari made an important announcement on this SMEStreet GameChangers Forum about introducing a revised and simplified process of MSME registration. PIB News Link (https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1727325)

About SMEStreet Foundation

SMEStreet.in was founded in 2014 with the aim to become an effective voice and an efficient Ecosystem for Indian MSME Entrepreneurs. Now, in 2022, with over 7 Lakh visitors per month, SMEStreet has been working sincerely for the MSME sector’s holistic growth. Global Networking and Sectoral focus are making this platform the most popular MSME media platform in this part of the world. As an ecosystem, SMEStreet has also registered as a Section 8 company working along with this sector’s advantages and building capacities through knowledge and networking.

SMI Vantage acquires new high hash rate cryptocurrency mining machines

SMI Vantage is acquiring new Avalon 1266 96TH/s crypto mining machines, to be installed in their mining datacentre in Melaka. The first batch of six machines will be delivered, installed and operational by the end of July 2022.

Mark Bedingham, President and CEO of SMI Vantage, commented, “We are pleased to announce that we have acquired new high hash rate machines which will be profitable even with the current bitcoin prices. In the current climate, we are confident that we can take advantage of suppressed machine prices to acquire more high hash rate machines over the next several months.”

SMI Vantage has received shareholder approval at an EGM held on April 19th, 2022 for a proposed business diversification, following which the Company’s cryptocurrency mining machines had become operationally enabled.

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalizing on strong trends in the new economy including Cryptocurrency Mining, and other high-tech SaaS platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.

For media queries, please reach out to:
E: enquiries@sin-mi.com

Malaysia Witnesses 31% YoY Hiring Growth

The Malaysian job market has recorded a 31% growth in job demand this June indicating a spree in hiring activity on an annual basis. A number of segments hit hardest by Covid-19 have shown promising signs of resurgence, as per the Monster Employment Index (MEI).

An upsurge of 15% was registered for hiring activity over the last six months, while month-on-month growth improved at 5% projecting a continuous demand in the job market.

Despite two years of restriction on public activities, rising prices, and the current labour crisis, the retail industry in Malaysia has moved towards recovery with a 321% year-on-year growth in job activity in June 2022. Moreover, retail sales in the country are projected to grow at the rate of 25.7% in the current quarter as per Malaysian retail associations. While the country has seen a number of retail closures over the pandemic, consumer sentiments soar high showcasing a positive outlook for this segment in the months to come.

Commenting on job trends for June 2022, Sekhar Garisa, CEO, Monster.com – APAC & Gulf said, “Companies today are ramping up their demand for a digital-first future-ready workforce amidst the ongoing talent crunch we see globally. Jobs in Malaysia have come back and several industries have begun to almost reflect pre-pandemic business functioning with steadfast recovery especially across deeply impacted segments like Tourism, Hospitality, and Retail. With flexible work arrangements gaining popularity in the job market, we are optimistic to see continued growth and resilience in the coming months.”

Following retail, the Hospitality segment (up 65 percent) has also seen a huge inflow of demand for professionals in tourism and travel related industries with the user penetration rate nearing the pre-pandemic levels. With improved business sentiments and airline travel ramping up, tourism in the country has certainly picked up accompanied by the consequent rise in demand for skilled talent. Logistic, Courier/ Freight/ Transportation, Shipping/ Marine (up 51 percent) also noted a huge jump in hiring activity being next in the rung, followed by rapid digitization in BFSI (up 32 percent).

Other sectors that noted promising growth in June include Production/Manufacturing, Automotive and Ancillary (up 4 percent), IT, Telecom/ISP, BPO/ITES (up 5 percent), Advertising, Market Research, Public Relations, Media and Entertainment (up 16 percent) and Engineering, Construction and Real Estate (up 19 percent).

Across roles, the Malaysian job market exhibited maximum demand for professionals in Hospitality & Travel (up 162 percent) driven by travel resumption from neighbouring countries coupled with strong domestic tourism. Interestingly, all 9 functions monitored by the Index saw positive growth over the course of June 2022 projecting a great demand influx for the market.

Given the impressive performance of retail, roles in Customer Service (up 79 percent) increased, followed by Software, Hardware, Telecom (up 58 percent). Finance & Accounts (up 52 percent) and Sales & Business Development (up 41 percent) also observed a rise.

The Monster Employment Index is a broad monthly analysis of online job posting activity conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide.

Period for the report

The period considered for the MEI data is 1^st to 30^th June 2022.

About Monster APAC & Middle East

Monster (a Quess Company), the leading online career and recruitment resource, with its cutting-edge technology provides relevant profiles to employers and jobs to jobseekers across industry verticals, experience levels, and geographies. More than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the widest and most sophisticated job seeking, career management, recruitment, and talent management capabilities globally.

Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, and a vast array of products and services.

Contact:

Yatharth Sharma
yatharth.sharma@monsterindia.com

Silky Sharma
silky.sharma@adfactorspr.com

Sevens Atelier – Luxury Design and Build Consultancy, embarks on next phase of growth as a listed entity

Sevens Atelier Limited (the “Company” or “Sevens Atelier”) would like to announce today its completion of the proposed acquisition of Sevens Creation Private Limited’s Design and Build business. This will propel forward the Company’s vision of a comprehensive and innovative Design and Build consultant for premium landed properties in Singapore.

Headquartered in Singapore, Sevens Atelier taps on the expertise of a holistic in-house execution and advisory team, establishing itself as a premier Design & Build solutions provider with an innovative edge in the premium landed property space. The Company boasts a proven track record of notable design-build projects in prime residential districts, such as Orchard Rd, East Coast, Bukit Timah and Sentosa. Sevens Atelier is well-poised to build trust with its clients and continuously elevate their artisanal capabilities in the Design and Build space.

As landed property prices in Singapore are expected to remain firm, if not experience an upward trend , demand for design consultancy services is also expected to face a corresponding increase, offering potential growth opportunities for the Company.

Key services that will be offered and enhanced by the Company will include Redevelopment and Reconstruction as well as pre-purchase inspection of the homes. Going beyond consultation services for landed properties, as ancillary services to the Design and Build focus, Sevens Atelier will also provide access to pre-leasing consultation services for multinational companies and established players in the food and beverage industry, which will cover minute details such as lighting, furnishing, to turnkey visualisations, without the pressure of prematurely committing to the business space. Sevens Atelier is also set to launch 7s Meta Virtual Homes – to further integrate the physical and virtual aspects of home-building via an immersive 3D experience of virtual reality that will digitally enhance the Design and Build process.

Commenting on the Company’s listing status, Chief Executive Officer and Executive Director of Sevens Atelier, Mr. Jeffrey Hong said, “Luxury homes are both a financial and emotional investment, and we wish to operate as a comprehensive concierge service for our clients, leveraging on decades of real estate experience and network to build their dream homes. We are confident that Sevens Atelier will revitalise the home-building and luxury design consultancy space, as we continue to enhance our key offerings through investments in innovative digital solutions.”

About Sevens Atelier Limited (SGX:5EW)

Sevens Atelier is a Catalist Board-listed company on the Singapore Exchange (SGX) offering full-fledged consultancy services in the Design & Build industry, including pre-leasing consultations of business spaces and pre-purchase inspections of premium landed properties in Singapore. From consultation to completion, they provide turnkey services to their premium clients. Sevens Atelier is a BCA-certified solutions provider in the Design and Build arena with the goal to constantly improve and evolve. Their artisanal capabilities are a hallmark of their commitment to their clients.

For all media queries, please contact:
Kamal Samuel
Financial PR
T: 6438-2990
E: kamal@financialpr.com.sg

PLS Plantations appoints Lee Hun Kheng as Group CEO to advance business transformation

PLS Plantations Berhad announced the appointment of Lee Hun Kheng as the Group’s Chief Executive Officer (CEO) effective today and retain his role as Executive Director of PLS Plantations. He will remain CEO of Aramijaya Agri & Agro Sdn. Bhd., a company that has been involved in developing innovating supply chain and forest management processes to create high quality sustainable forest products and services since 2002.

PLS Plantations’ Independent Non-Executive Chairman, Tan Sri Nazir Razak said, “We are pleased to welcome Lee Hun Kheng as our new Group CEO. His role as CEO of Aramijaya, the Group’s forest plantation subsidiary and his 19 years’ experience in the upstream and downstream sectors of the plantations industry will be critical in helping PLS Plantations navigate the complex industry and dynamic environment, as the Group transforms itself into Malaysia’s leading sustainable agrifood company.

Mr. Lee’s appointment is part of the Group’s efforts to strengthen our senior management bench as the Group diversifies into commercial durian planting alongside cash crops and forest plantation.

PLS Plantations’ diversification is aligned with the nation’s food sufficiency efforts. We note and applaud the Prime Minister’s recent statement on the critical importance of food security and the various new government initiatives to support the agrifood industry. With our much strengthened management team, we are well positioned to play a major role in addressing the nation’s food security challenges.”

Prior to his appointment as CEO at Aramijaya, Lee Hun Kheng was the marketing manager, responsible for increasing the product line offerings, through setting up new accounts of timber products and establishing the research and development projects on plantation. He is also a member of The Incorporated Society of Planters, a society established to develop and advance the professional interests of members within the plantation industry.

About PLS Plantations Berhad

PLS Plantations was incorporated in Malaysia in 1987 and was listed on the Second Board of Kuala Lumpur Stock Exchange on 28 February 1995. Currently listed on the Main Board of Bursa Malaysia Securities Berhad, PLS Plantations and its subsidiaries are involved in the management and operation of forest, oil palm and durian plantations, as well as the processing, distribution and sale of durian products. https://plsplantations.my/

Forward-Looking Statements

The statement included in this press release, other than statements of historical facts, are forward- looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “seek,” or “believe.” These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.

Main Market-Bound Seng Fong Holdings Berhad IPO Shares Oversubscribed by 3.09 Times

Tricor Investor & Issuing House Services Sdn Bhd (TIIH) is pleased to announce that the Initial Public Offering (IPO) of Seng Fong Holdings Berhad is oversubscribed by 3.09 times.

Managing Director of Seng Fong, Mr. Er Hock Lai

Group Managing Director/ Chief Executive Officer of Hong Leong Investment Bank, Ms. Lee Jim Leng

Seng Fong’s IPO involves the issuance of 160,874,300 IPO Shares in the following manner:

(A) Retail offering of 42,198,000 IPO Shares to be allocated in the following manner:
– 25,948,000 IPO Shares to the Malaysian public; and
– 16,250,000 IPO Shares to the eligible directors and employees of Seng Fong and its subsidiaries (Group) and persons who have contributed to the success of the Group;

(B) Institutional offering of 118,676,300 IPO Shares to be allocated in the following manner:
– 64,870,000 IPO Shares by way of private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (“MITI”); and
– 53,806,300 IPO Shares by way of private placement to other institutional and selected investors.

A total of 3,968 applications for 106,046,800 IPO Shares with a value of RM79,535,100 were received from the Malaysian public, which represents an overall oversubscription rate of 3.09 times. For the Bumiputera public portion, a total of 2,097 applications for 31,762,400 IPO Shares were received, which represents an oversubscription rate of 1.45 times. For the remaining Malaysian public portion, a total of 1,871 applications for 74,284,400 IPO Shares were received, which represents an oversubscription rate of 4.73 times.

Meanwhile, the 16,250,000 IPO Shares available to the eligible directors and employees of the Group and persons who have contributed to the success of the Group have also been fully subscribed.

Managing Director of Seng Fong, Mr. Er Hock Lai said, “We would like to thank investors for their response to our IPO as this is an indication of their confidence in the fundamentals of the business. We can now look forward to capture opportunities arising from the increasing demand from existing customers as well as from new customers as we ramp up production through the hiring of more people for a second shift and implementing ESG initiatives to make our business more sustainable.”

Group Managing Director/ Chief Executive Officer of Hong Leong Investment Bank, Ms. Lee Jim Leng said: “We are pleased with the reception from investors to Seng Fong’s IPO reflecting their confidence in the solid fundamentals of the business and in the leadership as well as vision of the founders and promoters.”

Hong Leong Investment Bank Berhad is the Principal Adviser, Underwriter and Placement Agent for the IPO.

The notices of allotment will be posted to all successful applicants on or before 6 July 2022. The company will list on the Main Market of Bursa Malaysia Securities Berhad on 7 July 2022.

Seng Fong Holdings Bhd: http://sengfongholdings.com/

Malaysian Genomics Resource Centre to Offer Pioneering Holistic Renal Care via New Venture

Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, announced today that the Group is acquiring a 51% stake in Aquahealth Sdn Bhd, a kidney dialysis operator, from Rinani Renal Berhad.

Aquahealth is establishing a kidney dialysis centre in Gombak, Selangor, with the license to operate the centre owned by the Malaysia International Islamic Chamber of Commerce. With the acquisition of the stake, Malaysian Genomics, through its wholly-owned subsidiary, MGRC Healthcare Sdn Bhd, will now become the operator of the dialysis centre.

En. Sasha Nordin, Chief Executive Officer of Malaysian Genomics, said, “This will be the first of many centres across the country that will be driven by a personalised kidney care model integrating dialysis with nutrition management, lifestyle changes, and even genetic testing of patients and their immediate family members. This pioneering approach will focus on bringing innovations in service delivery to improve the lives of patients with chronic kidney disease.”

“Expanding downstream to healthcare services, through our subsidiary MGRC Healthcare, is an important step in Malaysian Genomics’ growth as a diversified specialist healthcare group. The acquisition of the Aquahealth stake is part of our Group’s strategy to secure a diverse portfolio of earnings accretive assets across Southeast Asia that will, in turn, leverage and benefit from our genomics and biopharmaceutical knowledge and experience developed over the past 18 years.”

According to the Ministry of Health’s Management of Chronic Kidney Disease report, the number of Malaysians with kidney disease is projected to increase significantly in the future mainly due to the prevalence of diabetes, hypertension and an aging population[1]. At 13.2% per year, Malaysia has the second highest annual growth rate of chronic kidney disease in the world[2].

Dato’ Dr. Suhaini Kadiman, Chairman of Malaysia International Islamic Chamber of Commerce and Director of Clinical Research at Institute Jantung Negara added, “Thousands of kidney patients are on waiting lists for dialysis treatment and new centres are urgently needed. We welcome MGRC Healthcare’s interest to collaborate with us to operate the centre in Gombak, and we look forward to the innovations they will contribute to improve the lives of kidney dialysis patients.”

Recently, Minister of Health YB Tuan Khairy Jamaluddin noted that there were over 40,000 kidney patients in Malaysia, with over 8,000 new patients diagnosed annually since 2018[3].

[1] https://tinyurl.com/42jexjsk
[2] https://tinyurl.com/2cmkmzkz
[3] https://tinyurl.com/mr3mkfmk

Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

Jubilee Industries Holdings welcomes strategic investor, value-unlocking and synergies to support further growth

Catalist-listed Jubilee Industries Holdings Ltd has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (Purchaser) for the sale of the Company’s 14% stake in WE Components Pte. Ltd. (WEC), the Group’s EBU (Disposal).

The Disposal offers significant synergies with the Purchaser’s existing operations and strategic priorities, leveraging WEC’s extensive product portfolio and strong presence across Asia. The Hong Kong incorporated Purchaser’s main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People’s Republic of China and overseas.

The total cash consideration of US$2.1 million received for the Disposal will be utilised for general working capital purposes and the expansion of Jubilee’s business.

Jubilee’s Executive Chairman and Chief Executive Officer, Dato’ Terence Tea, said, “The Disposal reflects the deep value of Jubilee’s EBU that we have built over the years. Working together with UPC, we are confident in the EBU’s long-term growth prospects as we strive to build sustainable value for shareholders.”

Under Dato’ Terence Tea’s leadership, Jubilee’s EBU has staged a full recovery from the initial impact of Covid-19, recording a 67.4% increase in revenue from S$119.9 million for the 12 months ended 31 March 2021 (FY2021) to S$200.7 million for the same period this year (FY2022).

About Jubilee Industries Holdings Ltd

Established in 1993 and listed on SGX-Catalist since 10 July 2009, Jubilee Industries Holdings Limited is a one-stop service provider with two main business segments:

1. Mechanical Business Unit (MBU), which is engaged primarily in precision plastic injection moulding (PPIM) and mould design and fabrication (MDF) services (Mechanical Segment); and
2. Electronics Business Unit (EBU), which distributes integrated electronic components.

Headquartered in Singapore, Jubilee’s production facilities span across Malaysia and Indonesia. Jubilee’s products are sold to customers in the United States, the People’s Republic of China, Singapore, India, Indonesia, Malaysia, Vietnam and various European countries. For more information, please visit http://www.jihldgs.com

Issued on behalf of Jubilee Industries Holdings Limited
by Waterbrooks.com.sg

For media enquiries, please contact:
Wayne Koo / Elliot Siow
+65 9338 8166 / +65 6381 6347
Email: wayne.koo@waterbrooks.com.sg / elliot@waterbrooks.com.sg

SMEStreet GameChangers Forum 2022 to be Inaugurated on World MSME Day

While the nation is celebrating Azadi ka Amrit Mahotsav this year, this World MSME Day, We are excited to bring this year’s season of SMEStreet Game Changers Forum. As you know, we, at SMEStreet is working in the area of MSMEs’ upliftment and development since 2014. Our aim is to ensure an optimised contribution of MSMEs in developing the Economy. This year, the core theme of SMEStreet Game Changers Forum 2022 is acknowledging the Role of MSMEs in chasing the Target of 5 Trillion Dollar Economy.

In this bid, we are conducting the inaugural webinar of the SMEStreet GameChnagers Forum 2022 on June 27th 2022 at 4:30 PM. These webinars will focus on highlighting opportunities for MSMEs which can help MSMEs maximise their Contribution to the Chase of 5 Trillion Dollar Economy Target.Chief Guest of the Inaugural Session of SMEStreet GameChangers Forum 2022 will be Shri BB Swain, Secretary, MSME Ministry, Government of India. He will speak on his ministry’s vision and plan for Indian MSMEs in achieving next-level economic growth and build a strong momentum towards PM Shri Narendra Modi’s Vision of India, which is an economic leader for the world and becoming a 5 Trillion Dollar Economy.

And we at SMEStreet are committed to making the best out of every single opportunity to recognise the MSMEs’ Potential and contribute in making the MSME ecosystem proactively for MSME Development through knowledge sharing.

“MSMEs in India are at a very critical period. We have witnessed which we never wanted to see in our lives in the COVID era. But, now, the demand of the time is to look beyond the challenges and move ahead. Explore opportunities and evaluate every single possibility which can make your business a better one. With this initiative we aim to highlight and acknowledge contemporary trends and opportunities that are existing for the MSME sector. The entire activity of SMEStreet Game Changers 2022 will add to the previous two-years of game changing activity for bringing a positive curve into MSMEs’ growth story,” says Faiz Askari, Founder and Editor of SMEStreet.

SMEStreet GameChangers Forum 2022

The Forum is aimed to highlight, showcase and recognize the potential of the Indian MSMEs and for the Indian MSMEs. An interactive showcase of knowledge and networking for MSMEs will emphasize opportunities and explain the roadmap to achieve those opportunities.

In this initiative, we will highlight and showcase opportunities for MSMEs to explore growth which will not just transform their respective businesses but also make their contribution in making India- A Truly a World Leading Nation from the perspective of MSMEs Landscape.

Key Supporting Agencies and Organizations

Ministry of MSME, Govt of India
NSIC
Entrepreneurship Development Institute of India, Ahmedabad
Lexcomply
SMEStreet Foundation
Almond-Virtex

Global Organizations Supporting SMEStreet GameChangers 2022

UNISMO, Bahrain
AASGON, Africa- Europe
United Nations Global Compact
GGIS, United Kingdom

Key Activities at SMEStreet GameChangers Forum 2022

Series of Webinars
SMEStreet Report: Industry 4.0 Among Indian MSMEs
Podcasts
Thought-Provoking Articles
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The Impact

Over 3.5 Million CXOs from MSMEs are expected to witness this event series through various digital media platforms including SMEStreet.in

Live Streaming on SMEStreet.in

Facebook – facebook.com/smestreet.in

Youtube – SMEStreet ViewPoint

Social Media Broadcast at
1600 Hrs (4:30 PM IST) on

Monday, June 27th 2022

About SMEStreet GameChangers Forum 2021

Started in 2020 after the COVID outbreak, SMEStreet GameChangers Forum is a campaign to recognise the influencers who contributed a strong, proactive and smart strategy in pursuit of growth. SMEStreet featured SMEStreet GameChangers 2020 List naming Union Minister MSME, Shri Nitin J Gadkari And UP’s MSME Minister Shri Siddharth Nath Singh among India’s key influencers (GameChangers) who contributed significantly in transforming the pandemic crisis into an opportunity for MSMEs to fightback from COVID.

The SMEStreet GameChangers Forum 2021 witnessed Union Minister, Hon’ble Shri Nitin J Gadkari as the Chief Guest and Governor of Kerala, Hon’ble Shri Arif Mohammad Khan as the Guest of Honour of the SMEStreet GameChangers Forum 2021 on June 19th 2021.

The list of personalities includes Shri Nitin Gadkari, MSME Minister, Govt. of India, Shri Siddharth Nath Singh, MSME Minister for Uttar Pradesh Govt., Mr. Vinai K Saxena Chairman of KVIC/ (Now Lt. Governor of Delhi), Shri Abhishek Singh, CEO MyGov, Mr. Nikhil Arora Managing Director of GoDaddy, Shri Arun Kumar Jha, DG NPC and Mr. Tejas Goenka of Tally Solutions are among top listed Game Changers of SMEStreet GameChanger 2020 List.

About the Inaugural of SMEStreet GameChangers Forum 2021

SMEStreet GameChangers Forum Inaugural Session on June 15 2021

Key Highlights of the Inaugural Session of SMEStreet GameChangers Forum

Union MSME Minister, Hon’ble Shri Nitin Gadkari delivered Special Keynote Session
Governor of Kerala, Hon’ble Shri Arif Mohammad Khan delivered a Special Inaugural Address on MSME Entrepreneur Motivation.
Shri BB Swain, Secretary MSME participated and delivered his vision & Plan for MSME development.
Union Minister Shri Nitin Gadkari made a remarkable Announcement of Easing out the MSME Registration Process at the SMEStreet GameChangers Forum.
Distinguished Industry Leaders Participated in the Event.

Youtube Link: youtu.be/2t99VxqGgyEAbout SMEStreet

Started in 2014, SMEStreet is an ecosystem for MSMEs and Startups which are aiming to grow to the next level. This knowledge driven platform is beyond just a media, it aims to highlight opportunities that are existing for small businesses and it also provides a guided approach for MSMEs to chase and capitalize those opportunities.

For more information, contact:
Faiz@smestreet.in+91-9871762630

UOB Malaysia and The FinLab to accelerate digital transformation for women-led businesses through Jom Transform Programme

UOB Malaysia and The FinLab[1] today announced the fourth edition of the Jom Transform Programme[2]. This year’s programme is set to empower women to transform their businesses through digital acceleration.

Jom Transform Programme (JTP) is specially-curated to provide advisory and assistance in the areas of digitalisation for Malaysia’s small- and medium-sized enterprises (SMEs). This year’s programme, themed ‘JTP: Womenpreneur Edition’, aims to support women entrepreneurs through digital solutions that drive productivity, save costs and grow revenue. The JTP will be conducted virtually on The FinLab Online[3].

Ms Ng Wei Wei, Chief Executive Officer, UOB Malaysia said, “With women entrepreneurs making up only 20 per cent of Malaysian SMEs[4], we see potential in supporting female-led businesses to thrive, particularly in e-commerce[5]. And this is why the Bank is creating an ecosystem through Jom Transform Programme to connect women entrepreneurs to one another and open doors to opportunities. As the needs of businesses evolve in line with new market realities, we want to also provide them with the right tools to future proof their businesses in this digitalised world.”

The first cohort of the JTP: The Womenpreneur Edition will undergo a three-week business transformation curriculum through The FinLab Online starting 28 June 2022. Apart from receiving the relevant knowledge, tools and skills to digitalise their businesses, participants will also be guided by subject matter experts and mentors from UOB and its regional ecosystem partners in the area of digital transformation. They will also have access to online workshops, video tutorials and webinars in digital marketing, business operations and e-commerce. To further accelerate their digitalisation efforts, participants will also enjoy complimentary subscriptions to JomX solution of choice including cloud accounting systems, artificial intelligence and data analytics, by a host of JTP ecosystem partners for up to 13 months[6].

In the lead-up to the launch of the 2022 edition of JTP, UOB Malaysia hosted a virtual panel discussion on 14 June 2022 entitled, ‘Women Entrepreneurs Making A Leap Forward’. The panel discussion featured four women leaders across industries in education, fashion, wellness, and fitness to share their first-hand experience in their professional and entrepreneurial journey to the audience. The panel comprised of Ms Anne Tham, Founder of ACE EdVenture; Ms Joan Yeoh, Country Director of Love Bonito Malaysia; Ms Melissa Tan, CEO of Getha and Ms Toh Yen Kee, Co-founder of The Playground Fitness.

During the panel discussion, Ms Toh Yen Kee said, “When I first made the move to start my own enterprise, to look for the right solutions and assistance to accelerate my business transformation was a challenge. After having focused my effort to get the necessary funding, I realised that that digitalisation is crucial for my business to implement across its different functions and to analyse its market competitiveness. A platform like JTP can provide the necessary information and mentorship that may complement other programmes that are already available to support women entrepreneurs.”

Since the launch of JTP in 2019, the Programme has enabled more than 400 Malaysian SMEs[7] to embark on their digitalisation journey. To register interest for this year’s JTP and for further information, please visit https://thefinlab.com/jom-transform-programme-womenpreneurs-edition/.

UOB Malaysia: https://www.uob.com.my/

[1] The FinLab is UOB’s innovation accelerator.
[2] JTP is an annual digital transformation accelerator programme for SMEs organised by UOB Malaysia and the FinLab.
[3] The FinLab Online is a regional digital platform launched on 17 July 2020 to help SMEs and start-ups tap the expertise of industry mentors from UOB and its regional ecosystem partners virtually.
[4] Source: SME Corporation Malaysia online, 30 January 2019
[5] Source: International Finance Corporation (IFC), June 2022. The gap in sales between female and male vendors could be closed by 2025, Southeast Asia’s e-commerce market could increase by some $280 billion US dollars between 2025 and 2030.
[6] Please see news release, ‘UOB Malaysia and The FinLab launch JomX to help SMEs navigate the recovery phases of COVID-19 pandemic through digitalisation’, 24 August 2021. Subject to UOB Malaysia’s terms and conditions.
https://www.uob.com.my/about/news/2021/press-release-aug24-2021.page
[7] Source: UOB Malaysia internal data as at 31 December 2021.