Startups must find a right partner

KUALA LUMPUR: Startups should emphasis on getting the right partners and choosing the right time to introduce a particular product, said Google Malaysia Sdn Bhd Industry Head for eCommerce, Travel and Financial Services, Marc Woo.

Woo said these were crucial elements in ensuring that the product is accepted by the market.

“For instance, we don’t want a product that is being introduced ahead of its time or too late in entering the market, because it is already available,” he said during a round-table discussion yesterday.

Woo also highlighted trends in new age businesses and how the younger generation must instil within themselves, entrepreneurial skills to survive and sustain, which is one of the required abilities of the future.

The discussion, hosted by Maybank, is in tandem with the Global Finals of the Maybank GO Ahead Challenge (MGAC) 2017, to be held on July 31.

The highly-engaging discussion which revolved around workforce futurisation and debunking corporate myths, was attended by MGAC 2017’s Global Finalists, MGAC alumni and students of higher institutions of learning from across the nation.

Meanwhile, Maybank Group Chief Human Capital Officer and Board member of Etiqa Insurance Bhd, Nora Abd Manaf said the discussion is aimed at giving participants insights into long-term outcomes of their professional and personal growth.

“We want them to be aware of today’s reality, as well as the volatile and unpredictable environment that we are operating in.

“Fast evolving technologies demand that we master multiple skills and embrace life- long learning to be relevant,” she added. — Bernama SHORT- TERM interbank rates ended stable yesterday on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional system declined to RM26.475 billion from RM26.695 billion in the THE Kuala Lumpur Tin Market (KLTM) rebounded to close US$ 50 higher at US$20,250 a tonne in line with the upward momentum of the metal price on the London Metal Exchange (LME), a dealer said.

The tin price on the LME rose US$150 to US$20,305 a