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Month: August 2018

Powering Alibaba’s eWTP with big data analytics, AI and machine learning

August 5, 2018 by Jesse Wood

KUALA LUMPUR: It has been more than a year since the Digital Free Trade Zone (DFTZ) initiative was launched in Malaysia and although public attention was only revived a week ago during the launch of Alibaba Group Holding Ltd’s first regional office here, several local companies have already been hard at work making the ambitious project a reality.

Big data analytics firm Fusionex International Plc is one of them, having led a consortium which secured a contract to provide the e-Services platform for the DFTZ from the Malaysia Digital Economy Corp.

The awarding of the contract was announced in November last year and according to Fusionex, has since been up and running with more than 3,000 small and medium enterprises (SMEs) on board currently.

“More and more of [these companies] are starting to appreciate that it is important to level up and capitalise on the robust growth in e-commerce and the export market,” said Datuk Seri Ivan Teh, Fusionex founder and chief executive officer of Fusionex.

He added that many local SMEs that Fusionex has spoken to are receptive, open-minded and cognisant of the global language.

“They are open and want to embrace technology as long as it’s easier, faster, better, and more cost-effective than the status quo. In short, they are constructive but might be facing challenges in areas such as market access, funds, modern skills and technology. This is where DFTZ’s e-Services can assist them,” Teh told The Edge Financial Daily in an email exchange.

The platform is key to realising the e-World Trade Platform (eWTP) that has been one of Alibaba’s key initiatives under the DFTZ banner and aims to provide Malaysian SMEs access to global consumers via e-commerce.

https://twitter.com/fusionexint

“The e-Services platform functions as a one-stop digital trade facilitation platform, that is integrated with a multitude of business service platforms, e-marketplaces, government agencies, logistics providers, freight forwarders, agents, SMEs and other service providers,” said Teh.

The platform aims to “bridge the gap in terms of know-how, reduce costs, as well as avoid or minimise unnecessary delays and encumbrances associated with the old way of manually doing things,” he said, adding that it is meant to be highly scaleable and inclusive.\

According to Teh, the platform is powered by big data technologies, artificial intelligence (AI) and machine learning and is “designed to help merchants — regardless of shape and size — to level the playing ground, and do so without incurring exorbitant costs”.

Fusionex is also riding on the strength of Alibaba Cloud, what with being the latter’s official strategic partner in this region.

“They are a great, committed partner,” Teh said of Alibaba Cloud, noting that the collaboration is synergistic as the latter “has a great cloud offering, whereas Fusionex is a leader in big data technology, AI and machine learning with a strong international reputation.”

While Fusionex may not be a household name to most Malaysians, it has certainly made waves overseas. The company had, until July last year, been listed on London’s Alternative Investment Market.

However, Teh had decided to take the company private after five years on the market due to what he reportedly said was a persistently undervalued stock.

Without disclosing any figures, Teh shares that Fusionex has “invested significantly” and will continue to invest as it is fully committed to ensuring the success of the e-Services platform.

He did not reveal the names of the group’s partners in its consortium, but that they are local players with the relevant expertise and experience.

Teh pointed out that like the DFTZ itself, the e-Services platform is not constrained to physical hubs such as the KL Aeropolis logistics hub being developed by Malaysia Airports Holdings Bhd and Cainiao Smart Logistics Network (Hong Kong) Ltd.

“e-Services will be an open platform that welcomes multiple business service providers, be it forwarding agents, logistics players, and of course very importantly, good local SMEs with great Malaysian products.”

“The cost benefits and efficiencies these players enjoy would ultimately trickle down to consumers [in the form of] faster, more efficient and more cost-effective products and fulfilment,” he said. https://twitter.com/fusionexint

Posted in: Fusionex Tagged: fusionex founder

What Families Do In When In Penang

August 1, 2018 by Jesse Wood

Do you want to check out a place that showcases the special and the uncommon? Would you like to check out a holiday spot that holds the aura of an old-world charm? Do you wish to browse through sights and sounds that display a seamless mix of the East and West? Penang situated at the northwest coast of Peninsular Malaysia by the Strait of Malacca welcomes visitors to stay at elegant Malaysia Penang hotels and take in an air of fairy tale environments. With its unending beaches, foods with heritage structures at the renowned UNESCO World Cultural Heritage Website at George Town, Penang showcases a tapestry of an abundant culture, custom and natural beauty.

Places to go in penang. Are you all set to take a trip to the only spice garden in South East Asia? Penang displays the Tropical Spice Gardenand spice sanctuaryat Teluk Bahang with its café overlooking the sea, keepsake shop and over 500 ranges of plants from all over Malaysia. The Butterfly Farm at Teluk Bahang exhibits a reproducing research study centre and an eco-tourism destination. Tourists will be fascinated by the Snake Temple or the Chor Soo Kong Temple where they can see Wagler Pitt Vipers and other varieties. Experience lovers will enjoy to travel though the National Park or Muka Head in Pantai Acheh, Penang. Tourists can delight in the Pantai Kerachut beach, the distinct meromictic lake, have a picnic, swim, trek, go island hopping on boat trips or fish.

Discover a Spectrum of Sights

garden in Penang

Visitors can see the Interesting place in Penang which is the largest temple in Malaysia built in 1890. Households visiting Penang will like the fairy tale ambience as the temple is lit with over thousands of lights during the Chinese New Year. Lovers of architecture can unwind in a rejuvenating environment as they check out Penang Hill that showcases big and lovely colonial estates. Tourists can take in tranquil minutes at Wat Chayamangkalaram in Pulau Tikus town and view the 33-meter gold-plated reclining Buddha surrounded by elaborately sculpted shrines and Buddha statues.

Tourists can witness colourful celebrations during the Chinese New Year at the 140-year-old Thee Kong Tua or the Jade Emperor’s Temple in Air Itam around which a Thai-Malaysian community live. Households will adore the PenangToy Museum in Tanjung Bunga with more than 100,000 models, enjoyable collectibles, dolls and toys. This lovely museum is the first of its kind in Asia and around the world that includes designs that range from life-size to minis that is terrific to witness. Travellers staying at a lovely Penang hotel can go shopping, sampling the foods and taking pleasure in the nightlife.

Penang provides a Huge selection of Sights and Sensational Pleasures. https://tropicalspicegarden.com/interesting-places-to-go-visit-in-penang-malaysia/

Tropical Spice Garden
Lot 595 Mukim 2, Jalan
Teluk Bahang, Teluk
Bahang,11050 George
Town, Pulau Pinang
04-881 1797

Posted in: Blog Tagged: Interesting place in Penang, Tourism

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