sector

Auto sector to weigh on DRB-Hicom's group operating profit
KUALA LUMPUR: Malaysian Rating Corporation (MARC) views DRB-Hicom Bhd group’s operating profit would remain weighed down by the challenging outlook for the automotive sector due to a weaker economic growth forecast. [...]
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Women carve niche in emerging sextech sector
Stephanie Alys, 28, Chief Pleasure Officer at British luxury sex-toys brand 'Mystery Vibe' poses with a 'Crescendo' vibrator (right) and 'Tenuto' penis vibrator at the Web Summit in Lisbon on November 6, 2018. — AFP pic LISBON, Nov 11 — Start-ups founded by women are building a niche for themselves in the male dominated "sextech" industry with connected vibrators and other high-tech sex toys they design themselves.Sex toys made by men are based on their idea of what a woman wants, which is often not what women are actually looking for, said Stephanie Alys, 28, the co-founder of London-based MysteryVibe which makes a vibrator for women called the Crescendo.“So there are a lot of women who are starting companies and designing products that they themselves would like to see,” she told AFP at the four-day Web Summit, Europe's largest tech gathering, which wrapped up in Lisbon on Thursday.Unlike traditional vibrators, the Crescendo connects to an app that lets you create your own vibration patterns and has been downloaded over 500,000 times.MysterVibe created a buzz at the Web Summit, dubbed “the Davos for Geeks,” with the presentation of its first device for men.Dubbed the Tenuto, it is embedded with six vibrating motors, including one designed to pleasure the wearer's partner.'More comfortable'Figures for how many women run sextech startups are hard to come by but Alys, a former political consultant, said she runs a “sex tech collective,” an e-mail list for women involved in the sector in London, which has about 50 members.New York-based Dame, founded by two women, has put out two vibrators meant for clitoral stimulation.The tiny Fin sits between two fingers while the Eva is worn hands-free.Women are “so excited” to know the devices are made by other women, Dame co-founder Alexandra Fine told AFP after an all woman panel discussion on sextech at the summit."It's like the fact that women are making the toys in and of itself makes them more comfortable with the idea of using it," she said.The value of the global sex toy market is expected to hit US$29 billion (RM121 billion) by 2020, according to online market research portal Statista.'Feel inadequate'Capturing a slice of this pie is difficult since sex startups are banned from advertising on digital platforms such as Google and Facebook, said Fine, who holds a masters degree in clinical psychology.Women owned firms don't just design sex toys differently, they also take a different approach to marketing them than men, she added.“Putting sexy women on the boxes doesn't make me feel sexy, it makes me feel inadequate,” she said.Instead Dame pitches its products as “health and wellness” goods “that could fit on the shelf right next to your favourite candle or toothbrush,” Fine said.Polly Rodriguez, the founder of New York-based “Women of Sex Tech” which represents about 70 women who produce sex toys, said "women in particular are often scared of the reputational risk" of getting involved in an industry that has to do with sex.But she said she has been “continuously surprised” by the positive reaction after telling people she is the co-founder and president of Unbound Babes, which makes about 75 sex products and sells them online.“I am just really excited to build products that look beautiful, are affordable and hopefully smash the patriarchy at some level,” she told a panel at the summit. — AFP [...]
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Services sector to be the fastest-growing sector of the economy
THE services sector, which accounts for 55% of GDP, is projected to grow by 5.9% next year from 6.3% this year, which will make it the fastest-growing sector of the economy. [...]
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Construction sector to record slower growth in 2019
KUALA LUMPUR: The country's construction industry is expected to record slower growth next year amid revision of mega projects and in line with the slowdown in the global construction sector, said Works Ministry Secretary-General Datuk Seri Zohari Akob. [...]
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DPM calls for more collaboration between YKN and corporate sector
Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail has called on the corporate sector, financial and higher learning institutions to collaborate with the National Welfare Foundation (YKN) to help kidney patients in the country. — Picture by Yusof Mat Isa KOTA KINABALU, Sept 16 — Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail has called on the corporate sector, financial and higher learning institutions to collaborate with the National Welfare Foundation (YKN) to help kidney patients in the country who have to undergo dialysis.Dr Wan Azizah, who is also YKN Board of Trustees chairman, said smart collaboration with various parties was crucial for the welfare and survival of the target group who needed the treatment.“For the establishment and operation of YKN dialysis centres, the foundation received the support and cooperation from various quarters including corporations and private companies as well as institutions of higher learning through donation of dialysis machines, essential items and medicines or patient sponsorship,” she said when visiting the Universiti Malaysia Sabah-Sabah YKN Dialysis Centre here today.Also present were Sabah Deputy Chief Minister Christina Liew and UMS vice-chancellor Datuk Dr D. Kamarudin D. Mudin.The YKN has six dialysis centres nationwide, including in Lembah Pantai, Kuala Lumpur; Rompin, Pahang; Kota Bharu, Kelantan and Kuala Terengganu, Terengganu.Dr Wan Azizah said the location of the dialysis centres was selected based on the number of patients who needed dialysis treatment in a particular area.“The facilities at each dialysis centre are in line with the specifications and regulations set by the Ministry of Health.“This social service will help realise the government’s vision to ease the burden of the low-income group, especially patients who have to bear high treatment costs,” she said.From 2015 to July 2018, she said, the foundation had spent RM4.052 million to fully sponsor 60 patients earning below RM1,200 per month.Commenting on today’s visit, Dr Wan Azizah said YKN was committed to continuing collaboration with UMS to implement various charitable efforts for the benefit of the needy.“YKN plans to set up a centre of excellence in collaboration with UMS which will cover various charitable initiatives including the ‘Anjung Kasih’ project, to provide temporary accommodation for patients’ families,” she added. — Bernama [...]
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UPM urged to help Sarawak develop its agro sector
BINTULU: Universiti Putra Malaysia (UPM) campus here is urged to find ways and the best model to develop Sarawak’s agricultural sector, which includes livestock and dairy to turn it into a net exporter of food products. Deputy Chief Minister Datuk Amar Douglas Uggah said the Sarawak government is now in the midst of transforming its agricultural sector, following Chief Minister Datuk Patinggi Abang Johari Tun Openg’s call to turn Sarawak into a net exporter of food products by 2030. “We are now the net exporter of agriculture products, mainly palm oil  but we are the net importer of food products to the tune of RM3.6 billion last year,” said Uggah who is also Minister of Modernisation of Agriculture, Native Land and Regional Development during a working visit to UPM campus here yesterday. “The chief minister has asked us to reverse the trend so that we will become a net exporter of food products by 2030. It is a tall order but it is not an impossible task. “Sarawak has vast land –  about 2 million hectares – which can be developed for agriculture particularly in food industry,” he said. He thus hoped UPM could play a role in helping the Sarawak government to achieve the goal as UPM has the experts, facilities and technologies. He singled out the livestock industry, which Sarawak could venture seriously into by closely working with UPM to emulate the success of Sabah in the same industry. He added that Sarawak had the capacity to succeed but the biggest problem is Sarawak’s small population of less that three million. Nevertheless, the government, he added was now going into planting and rehabilitating durian orchards by working together with an anchor farm from Johor which has 30 years’ experience in planting durians. “We have started to work on the rehabilitation of durian orchards and to develop indigenous durian species. Hopefully, in five years’ time, we can have our very own Sarawak durians that is more popular than Musang King,” he said. Uggah and his delegation were earlier briefed  by UPM director Prof Dr Bujang Kim Huat on areas that they could  contribute to the academics and economic development of Sarawak. UPM vice chancellor Prof Datin Paduka Dr Aini Ideris, Sarawak Veterinary Services director Dr Adrian Susin Ambud, Sarawak Agriculture Department director Dr Alvin Chia and Sabah corporate figure Datuk Yap Yun Fook were also present during the visit. [...]
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Sabah sets up taskforce to propel oil and gas sector
Madius Tangau KOTA KINABALU: The Sabah state government has set up a taskforce to propel the oil and gas sector in the state. Sabah Deputy Chief Minister Datuk Seri Wilfred Madius Tangau, who is also State Trade and Industry Minister, said the taskforce spearheaded by Sabah Oil and Gas Development Corporation Sdn Bhd (SOGDC) would be identifying collaboration opportunities to take the sector to a higher level. “The oil, gas and energy sector has been one of the important contributors in Sabah’s economic growth with the industry recording more than 20 per cent share of the state’s Gross Domestic Product (GDP). “Despite this fact, Sabah has to design well-equipped strategies to face many future challenges in sustaining oil and gas production, expanding the value of downstream production and services, and diversifying sustainable energy,” he said when opening the Sabah-Petronas Strategic Industry Conversation and Engagement Forum here today. Tangau also said the state needed to be aggressive in developing downstream activities that could create more jobs for the people in Sabah. -Bernama [...]
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China c.bank issues new rules on US$15 tril asset management sector
BEIJING (April 27): China's central bank unveiled far-reaching rules on the asset management sector on Friday, including regulations on leverage limits and a ban on... [...]
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