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MDV Newsbytes – Week 1, August 2013

Last week’s exciting ICT, Biotech and GreenTech news:

Bank Mualamat supports the government’s initiatives for green technology by launching the “Smart Green Mortgage for Solar Photovoltaic Feed-in Tariff Plan”, offering financing services to its customers to purchase and install solar systems in their house. This plan offers a special deal via refinancing of customer’s existing home financing facilities with Bank Muamalat and by the easy moving cost feature with the legal and valuation fees absorbed by Bank Muamalat. Read more here: http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=967765

Meantime, the Malaysian Green Technology Corporation (GreenTech Malaysia), the Government’s leading green technology agency, has unveiled a five-year plan aimed at developing the country into a global hub for green technology. Seven key sectors – energy, manufacturing, buildings, information and communications technology (ICT), water, waste and transport has been identified to act as catalyst to push for green tech developments. http://www.thestar.com.my/News/Environment/2013/07/30/Green-tech-for-growth.aspx

Our partner, Malaysian Biotech Corp is confident that their BioNexus companies will bring in the bacon of RM3 billion by end of Phase 2 of its National Biotech Policy by 2015. This is in view of the higher revenue of RM2 billion posted by these companies last year. http://www.bernama.com/bernama/v7/po/newspolitics.php?id=967400

ALTEL Communications Sdn Bhd, the new kid on the block in the country’s booming but increasingly crowded telecommunication sector, targets 150,000 subscribers in its first year of operation. Altel, which aims to launch its maiden prepaid product by next month, has also teamed up with Celcom Axiata Bhd, allowing the company to use Celcom’s platform. Read more here: http://www.btimes.com.my/Current_News/BTIMES/articles/altell/Article/#ixzz2b3f6fWNk

Gartner predicts that Malaysia’s IT spend should reach RM61.9 billion in 2013, up 6.4% from past year; given that constant-currency spending growth in Malaysia has remained the same, with constant $ spending growth change in 2013 forecast increasing by +0.1 percent. – See more at: http://www.computerworld.com.my/tech/industries/malaysias-it-spending-up-64-to-surpass-us19b-in-2013-report/#sthash.2CnxgzcS.dpuf

That pretty much wraps up our newsbytes. See you next week!

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