‘ALIBABA WILL HELP YOUTH BUSI­NESSES’

Youth en­trepreneurs must have qual­ity, cre­ative prod­ucts, says min­is­ter

New Straits Times - - News -

FAREZZA HANUM RASHID SHAH ALAM news@nst.com.my

EN­TER­PRIS­ING youth will be able sell their prod­ucts to more peo­ple with the in­volve­ment of Alibaba Group founder and ex­ec­u­tive chair­man Jack Ma in the dig­i­tal econ­omy in Malaysia.

Min­is­ter in the Prime Min­is­ter’s Depart­ment Datuk Seri Ab­dul Rah­man Dahlan said youth with small busi­nesses, es­pe­cially from ru­ral ar­eas, had a plat­form to widen their mar­ket reach through Ma’s Alibaba.

“Now, our youth need to make more qual­ity and cre­ative prod­ucts to go big in their busi­nesses,” he said af­ter launch­ing the third Char­tered Fi­nan­cial An­a­lyst (CFA) an­nual sum­mit yes­ter­day.

The sum­mit was co-or­gan­ised by Yayasan Pen­er­aju Pen­didikan Bu­mi­put­era and Univer­siti Teknologi Mara’s Fac­ulty of Com­puter and Math­e­mat­i­cal Sciences.

Ma is an ad­viser to the gov­ern­ment in its dig­i­tal econ­omy as­pi­ra­tions.

Ear­lier, Rah­man said the na­tion was fac­ing a tal­ent short­age to cater for the knowl­edge-in­ten­sive and high-in­come econ­omy.

“Nat­u­rally, CFA char­ter­hold­ers are in high de­mand in the fi­nan­cial ser­vices and in­vest­ment sec­tor.”

He said they had been fore­cast to con­trib­ute up to RM122 bil­lion to the gross na­tional in­come by 2020, with a tar­geted an­nual growth of be­tween eight and 10 per cent.

“Malaysia has 679 char­ter­hold­ers, which is low com­pared with other Asian na­tions, like Hong Kong (7,025) and Sin­ga­pore (3,614).”

Rah­man said more an­a­lysts, port­fo­lio man­agers and in­vest­ment bankers were needed.

“I en­cour­age stu­dents from non-tra­di­tional fields (ac­tu­ar­ial science, math­e­mat­ics, eco­nomics and statis­tics) to take up CFA and go into bank­ing and in­vest­ment.”

PIC BY MALAI ROS­MAH TUAH

Datin Dayang Sofia Datu Jami­ud­din, the wi­dow of Tungku assemblyman Datuk Mohd Suhaili Said (in­set), pour­ing rose­wa­ter on her hus­band’s grave in Tungku, La­had Datu, yes­ter­day.

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