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2018-10-18 22:58 | Report Abuse
Like all others, PH ministers half past six. Ms Yeo says good news today but no news. So they only talk like pasar malam.
2018-10-18 16:17 | Report Abuse
12th Malaysia Plan will focus on Green Technology, Renewable Energy and E commerce
2018-10-17 22:13 | Report Abuse
-A+A
KUALA LUMPUR (Oct 17): The Malaysian government will announce policies to fast-track its plan to increase the portion of renewable energy (RE) in the country's total energy generation mix to grow the RE sector, said Energy, Technology, Science, Climate Change and Environment Minister, Yeo Bee Yin.
Yeo said today that she will announce the policies tomorrow. She said RE constitutes 2% of the country's total energy generation mix as at 2016.
Today, Yeo said: "I will announce some good news for RE players tomorrow (Oct 18). I'm looking forward to the activities to grow the sector; that will come after this announcement.
In-page MRec
"These policies would be the result of a lot of engagement with stakeholders and industry players," she said without elaborating.
Yeo was speaking at the launch of the 9th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2018) here today.
She said Malaysia plans to increase its RE portion of total energy generation mix to 20% by 2030. She said the achievement will be the first milestone in the country's RE transition roadmap, deliberated by the Energy, Technology, Science, Climate Change and Environment Ministry.
2018-10-17 22:03 | Report Abuse
Dont forget...THIS is a RENEWAL ENERGY co. Solar Energy .
2018-10-17 10:31 | Report Abuse
Coming be like Perisai, Daya or Sumatec
2018-10-16 17:32 | Report Abuse
Fund raising. Rights issue like SapEnergy?
2018-10-15 15:36 | Report Abuse
Tax incentives for digital economy? E wallets could be beneficiary...
2018-10-06 14:09 | Report Abuse
SIngapore is the worlds first country to launch a single QR code for ALL e wallets. Malaysia should follow the same.
2018-10-04 11:02 | Report Abuse
China may want to buy up all chip co in Malaysia. Like Unisem
2018-10-04 11:00 | Report Abuse
Think the directors disposal is for 3rd party to come in as new shareholder. Aemulus is profitable co.
2018-10-04 10:58 | Report Abuse
Another Kellington in the making??
2018-10-04 10:08 | Report Abuse
Beneficiary of US-China trade war??
2018-10-04 10:07 | Report Abuse
Aemulus involved in chip business.... Similar to Kellington?
2018-09-25 11:49 | Report Abuse
Malaysia should also create a single national epayment QR code. Then all ewallet palyers will explode!
2018-09-24 16:11 | Report Abuse
Still, Singapore is on a mission to reduce the use of paper currency notes, eliminate cheques and encourage the use of mobile payments — but on its own terms. “We made a conscious decision to undertake a slower but more deliberate process,” says Minister for Education Ong Ye Kung at the launch of the Singapore Quick Response Code (SGQR) on Sept 17. “We designed an ecosystem that is both competitive and interoperable, planned it around the existing nancial system and built up the necessary infrastructure and features to support that desired outcome.”
Dubbed the rst of its kind globally, SGQR combines 27 mobile payment schemes such as PayNow, NETS and GrabPay into a single QR code label. To be deployed progressively over the next six months, SGQR is supposed to make mobile payments more popular among consumers and merchants. “ ese may well be the last few jigsaw pieces for us to put in place to complete the national e-pay- mentinfrastructure,”saysOng,whoisalsoa board member of the Monetary Authority of Singapore (MAS).
Explosive growth
e concept was rst announced over a year ago when the Payments Council established an industry taskforce to develop common QR code speci cations for mobile payments in Singapore. e SGQR taskforce was co-led by MAS and the Infocomm Media Devel- opment Authority, and included members from payment schemes, banks and relevant government agencies.
Still, Singapore is not the only country pursuing a standardised QR code for mobile payments. Indonesia’s central bank, Bank In- donesia, is looking at implementing a similar system. And while MAS describes SGQR as a “world’s rst”, some industry observers say a uni ed QR code for mobile payments may not be all that groundbreaking.
Arnav Gupta, an analyst with market re- search rm Forrester, notes that the con- cept is similar to India’s BharatQR. e only di erence, Gupta says, is that SGQR makes payments interoperable for both merchants and customers, while BharatQR focuses on enabling customers. But this added dimen- sion allows SGQR to bene t from the network e ect, mass adoption and e ective nancial inclusion, he says.
e various payment scheme providers have welcomed the standardisation, but are
The launch of SGQR can help reduce the number of QR code hawkers and other merchants have to display.
NUS Teo agrees that the SGQR system is impartial, as various schemes can compete to give consumers choices. “Selecting only a speci c one may cause a feeling of unfairness, as many payment providers have incurred cost in developing their apps. SGQR is a pragmatic solution for Singapore,” he says.
Emotions and habits
With a set of uniform standards in place for the industry, the onus is now on the various payment providers to constantly improve with better convenience and value for con- sumers and merchants instead of settling into a “toll collector” mode, merely waiting to cream o transaction fees for handling the money ows.
Forrester’s Gupta has identi ed a few focus areas: simplifying the payment experience and reducing cost while maintaining priva- cy and security. In addition, SGQR can also be the base from which new partnerships among businesses can be formed. at could produce more innovative services that better serve their common pool of customers and, as a result, attract even more users.
Indeed, new business partnerships built on mobile payment systems have been formed elsewhere. For example, smaller Indian cit- ies do not have a wide ATM network, which limits access to cash; instead of issuing debit or ATM cards, banks in India issue QR codes to their customers. If customers want to with- draw cash from their own accounts, they can show their QR codes to trusted points of contact working with the banks, such as a postman, who would then hand out the cash on behalf of the banks.
But the payment providers will still have to contend with the vagaries of human be- haviour and ght for market share. For one, observers note, people’s habits are still hard to break. Whether by using hard cash or the latest smartphones, the very act of paying for something can be considered an emo- tional task.
“Why is this emotional? It’s about hard- earned money! And it’s about customers’ habits,” explains Gupta. “Changing payment habits is di cult. If you are [used] to using WeChat, it is very di cult for you to switch your provider, unless strongly motivated to do so. Interoperability will only favour this behaviour,” says Gupta.
e payments sector will only get more competitive as the schemes try to di eren- tiate. ”In the long run, rms that strike the right balance between usability, security and incentives will bene t and continue to serve,” he says. — e Edge Singapore
also quick to claim strong volume growth on their respective platforms. Tan Su Shan, DBS Bank group head of consumer and wealth management, says the standardised QR code will give consumers more exibility in choos- ing which payment scheme to use.
To further drive the ado
2018-09-18 09:29 | Report Abuse
Fantastic idea....thats why Singapore is ahead of us.
2018-09-18 09:28 | Report Abuse
SINGAPORE (Sept 17): Singapore on Monday launched the Singapore Quick Response Code (SGQR), which combines multiple payment QR codes into a single SGQR label.
Photo: Minister Ong Ye Kung testing out the new SGQR label to make a purchase.
The first of its kind globally, SGQR will be adopted by 27 payment schemes, including PayNow, NETS, GrabPay, Liquid Pay and Singtel DASH.
To be deployed progressively over the next six months, SGQR will replace more than 19,000 QR codes currently in use at store fronts and billing statements.
ith the consolidation of QR codes, merchant will only need to display a single SGQR label showing the e-payments it accepts, leading to less clutter on the store front and quicker payments processing.
The addition of new QR payments options – both domestic and international – are also streamlined into the single SGQR label.
Consumers will now be able to choose their preferred payment scheme from the accepted options on the SGQR label, log in to the relevant payment app, and scan to pay.
“These may well be the last few jigsaw pieces for us to put in place to complete the national e-payment infrastructure,” says Minister of Education Ong Ye Kung, who is also a board member of the Monetary Authority of Singapore (MAS).
“QR code payments have been growing and many cash-intensive merchants, such as hawkers, are accepting them. But every scheme – e-wallet, PayNow, NETSPay – all issue their own QR code. This causes confusion,” Ong says at the launch of SGQR.
To solve this, MAS and the Info-communications Media Development Authority (IMDA), with the support of the Payments Council, last year brought Singapore’s QR industry together to streamline the process.
See: Singapore to roll out unified SG QR for electronic payments by 2018
“The launch of SGQR is a very welcome development,” says Tan Su Shan, managing director and group head of consumer banking and wealth management at DBS Bank. “We believe the standardisation of QR code standards gives consumers greater freedom in their choice of payment platforms and will further popularise the adoption of e-payments.”
According to Tan, there has been an explosive growth in the usage of QR code transactions in Singapore. “DBS PayLah! recently hit a peak of 1.2 million monthly QR code transactions – some 15 times higher than the average monthly QR code transactions recorded in the first quarter of this year,” she says.
See: Singapore aims to reduce cash transactions, eliminate cheques amid e-payments push
Ong today also announced the forming of a Direct FAST industry working group to develop business and technical requirements for non-banks to connect directly to FAST.
“This is a major milestone for our infrastructure development,” Ong says. “Open access to a common infrastructure like FAST means that banks and non-banks will have to compete harder to gain and retain customers. They will have to innovate and offer value-added services constantly to stay ahead of the curve.”
At the same time, Ong says new requirements will be included in the upcoming Payment Services Bill to set minimum standards, which will address a range of potential risks related to e-payments.
“All these efforts will come to naught if people do not feel safe using e-payments. The last piece of the e-payments jigsaw is regulations for payments that are transparent, easily understood and give sufficient peace of mind to all parties,” he says.
See: Cashless society should not leave anyone behind
2018-09-14 11:48 | Report Abuse
Celcom Axiata signs Safe Pay with Hong Leong Bank. Today Dataprep says venturing into e wallet business next year. NetX? Will continue to dream.....
2018-09-07 14:47 | Report Abuse
the de nition of e-com- merce and online businesses to see if they qualify for exemption under the new sales and service tax (SST) regime for supporting the growth of the country’s digital economy, said Finance Minister Lim Guan Eng.
“We have to see the de nition of online business. If you look at infor- mation technology (IT) services for example – it should face a 6% service tax but we decided to give a leeway.
“For instance, cloud service pro- viders — under IT services — they will be charged 6% but because it is a cloud service provider [and] rides on the server of telecommunication
providers, we don’t impose the tax at the business-to-business level to avoid multiple taxation, he told reporters at sales and services tax brie ng here yesterday.
He said exemptions are given in sectors where the government is keen on encouraging them. But he said the government will not be able to give full tax exemption for IT services, where the de nition is very wide.
“So we have to ensure that it is re- ally related to IT, and that it contrib- utes to the digital economy [before an exemption is given],” Guan Eng said when asked to comment on the government’s taxation plan for e-commerce and online businesses.
He reiterated that the SST’s taxa-
ble and exemption list is a living list — meaning it can be changed any time — and that the government will continue to engaging with people and businesses in order to be fair to all and to encourage economic growth.
“ e entire economic structure has changed (as) we enter the In- dustry 4.0 (era). In this digital econ- omy, we nd that traditional busi- nesses have changed or modi ed. Sometimes these changes have to be re ected in the taxation system.
“Previously, we did not see tax exemptions (under the now de- funct goods and services tax) but now the exemptions arise. I want to stress the list is a living list. We want the economy to move with the times,”
2018-09-07 14:42 | Report Abuse
Finance minister says e commerce companies will get tax incentives
2018-09-05 11:47 | Report Abuse
Sell and dont look at this anymore. Its a dead counter. Those who buy will also end up dead..haha
2018-09-03 10:05 | Report Abuse
Delisting coming... Told you guys not to buy this stupid stock..
2018-09-03 09:39 | Report Abuse
Q4 2019?? ...kekeke. Why not launch in 2025.?
2018-08-30 16:14 | Report Abuse
Don't worry guys.... Malaysia baru will have a super bull run coming... before GE15. Between now and 5 years.... or sooner!
2018-08-29 23:16 | Report Abuse
Hahaha...not surprising.. QR Loss 3.4m ..switch to BOOST la...
2018-08-28 22:02 | Report Abuse
MSC 2 will be serious project. It will drive the country's digital transformation. Not like the DFTZ project even kucu kurap companies jump in for fun.
2018-08-28 16:44 | Report Abuse
Get ready for re launch of MultiMedia Supercorridor2!!
2018-08-28 09:41 | Report Abuse
You see when you deal in e money business, people need to hav confidence in your company. A 2sen company and loss making tells you all. BOOST is related to AXIATA .
2018-08-26 09:26 | Report Abuse
Beautiful write up. Tapi kapal kosong...
2018-08-23 21:52 | Report Abuse
Hong Leong customers can link their debit cards to WeChat’s e-wallet – WeChat Pay – and use it as alternative payment option.
WeChat, a social communication platform developed by China’s Tencent Holdings Ltd, introduced WeChat Pay earlier this week and HLB claims it’s one of the first banks in Malaysia to partner with the company.
The partnership makes Malaysia the first country outside of China and Hong Kong that allows WeChat users to make payments in the local currency.
This development comes on top of HLB’s cross-border collaboration with Tencent in November last year that enables Chinese tourists to pay using their WeChat accounts when visiting Malaysia.
“When we took the step to become a merchant acquirer for WeChat Pay in Malaysia, we were not only looking to expand the payment ecosystem to enable our Malaysian merchants to cater to the Chinese tourists market,” said HLB group managing director and chief executive officer Domenic Fuda in a statement.
“We were also gearing up our merchant acquisition strategy to prepare for the day when WeChat Pay is available in the local currency, so that our customers and WeChat users in Malaysia are able to use this payment option with a large number of merchants already signed up for the WeChat Pay My facility,” he added.
HLB customers can already pay for their transactions in Ringgit at WeChat’s own shops and platforms as well as third-party services such as Garena, Joox and for local telco mobile prepaid top-ups.
Soon customers would also be able to pay for their shopping, namely Giant, Resorts World Genting, MyNews and GSC, with more to come.
image: https://content.aimatch.com/default.gif
image: https://content.thestar.com.my/smg/settag/name=lotame/tags=
Read more at https://www.thestar.com.my/tech/tech-news/2018/08/23/hong-leong-bank-customers-can-now-link-their-debit-cards-to-wechat-e-wallet/#S7rmV2iFMOWCZcCH.99
2018-08-23 10:03 | Report Abuse
Want to do, doing and getting it done are different things. Look at MPay. One of the earliest to jump into e wallet 4 years ago. Signed tons of MOU but now still zero visibility. They also had a lot of plans but all talk.
2018-08-22 08:50 | Report Abuse
Ask pasar malam traders do they know about payallz wallet? They know BOOST! Not even in shopping malls!
2018-08-21 19:17 | Report Abuse
Yesterday I saw BOOST having a promotion stall in Ss2 pasar malam! Some hawkers actually signed up as merchants! This is vision!!
2018-08-21 19:14 | Report Abuse
looks like director sleeping and no vision. Maybe this budget e wallet companies will get tax incentives. Then all wake up...
2018-08-21 09:46 | Report Abuse
Look at the style WeChat pay launch their product today..
2018-08-21 09:45 | Report Abuse
WeChat users can now pay using their app with the roll out of its e-wallet component, WeChat Pay My.
“As Malaysia embraces the digital economy, we are excited to launch WeChat Pay My, which aims to facilitate the development of the Malaysian market by introducing local users and businesses with a simple, secure and convenient mobile payment experience,” says Tencent International Business Group vice president Poshu Yeung
To celebrate the launch, “Money Packets” will be given away to all users of WeChat Pay My who sign up between Aug 21 and 28, it claims.
The Money Packet will be filled with a random amount ranging from RM3.88 to RM88.88, and a prepaid top-up coupon of RM2 will also be given away.
image: https://content.aimatch.com/default.gif
image: https://content.thestar.com.my/smg/settag/name=lotame/tags=
Money Packets is a peer-to-peer payment system that allows users to transfer money to others or a group with no service charge.
Poshu says that WeChat Pay My has received Bank Negara’s approval to act as an electronic money issuer, and has implemented security technologies that comply with international standards, including 24/7 real-time monitoring of all transactions.
Other features include Quick Pay which allows users to generate a QR code that merchants can scan to pay for a transaction and Debit Card Binding which lets users associate multiple cards to top up their e-wallet.
Users can also withdraw money from their accounts by transferring it to their local bank accounts as long as it doesn’t exceed RM10,000 a month.
WeChat is a social communication platform developed by China’s Tencent Holdings Ltd.
Read more at https://www.thestar.com.my/tech/tech-news/2018/08/20/wechat-introduces-its-ewallet-wechat-pay/#es6I3uyyM2sOIKSJ.99
2018-08-14 11:59 | Report Abuse
No point buying this stock la. That's why it's just 2sen. Lelong also nobody want to buy
2018-08-13 21:07 | Report Abuse
Allz pay e wallet should be called a f wallet. Look at REVENUE. ...shooting past rm1. Other aggressive e wallets like FAVE , GRABPAY and BOOST are fast expanding their market share!!
2018-08-12 23:56 | Report Abuse
TUn M visiting China next friday. Possible discussion on e wallet and cashless payment systems .
2018-08-11 12:47 | Report Abuse
Yes. Think SC is monitoring company tatics like this
2018-08-11 08:56 | Report Abuse
How many merchants hv they signed up??
2018-08-10 15:40 | Report Abuse
Allz e wallet. Why need to register?
Wonder how many people using it. No advertisements. No roadshows. = no awareness.
Even Touch n Go new app now having roadshows in PJ.
2018-08-09 17:25 | Report Abuse
Seriously NEVER seen this app before, and never seen people using this before
2018-07-19 15:49 | Report Abuse
Selling with huge volume.... something bad coming??
Stock: [EKOVEST]: EKOVEST BHD
2018-11-05 12:13 | Report Abuse
Japanese interest to build Bandar Malaysia? Japanese contractors much better than Chinese contractors.