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UOB Malaysia and The FinLab to accelerate digital transformation for women-led businesses through Jom Transform Programme

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UOB Malaysia and The FinLab to accelerate digital transformation for women-led businesses through Jom Transform Programme





KUALA LUMPUR, June 20, 2022 – (ACN Newswire) – UOB Malaysia and The FinLab[1] today announced the fourth edition of the Jom Transform Programme[2]. This year’s programme is set to empower women to transform their businesses through digital acceleration.

Jom Transform Programme (JTP) is specially-curated to provide advisory and assistance in the areas of digitalisation for Malaysia’s small- and medium-sized enterprises (SMEs). This year’s programme, themed ‘JTP: Womenpreneur Edition’, aims to support women entrepreneurs through digital solutions that drive productivity, save costs and grow revenue. The JTP will be conducted virtually on The FinLab Online[3].

Ms Ng Wei Wei, Chief Executive Officer, UOB Malaysia said, “With women entrepreneurs making up only 20 per cent of Malaysian SMEs[4], we see potential in supporting female-led businesses to thrive, particularly in e-commerce[5]. And this is why the Bank is creating an ecosystem through Jom Transform Programme to connect women entrepreneurs to one another and open doors to opportunities. As the needs of businesses evolve in line with new market realities, we want to also provide them with the right tools to future proof their businesses in this digitalised world.”

The first cohort of the JTP: The Womenpreneur Edition will undergo a three-week business transformation curriculum through The FinLab Online starting 28 June 2022. Apart from receiving the relevant knowledge, tools and skills to digitalise their businesses, participants will also be guided by subject matter experts and mentors from UOB and its regional ecosystem partners in the area of digital transformation. They will also have access to online workshops, video tutorials and webinars in digital marketing, business operations and e-commerce. To further accelerate their digitalisation efforts, participants will also enjoy complimentary subscriptions to JomX solution of choice including cloud accounting systems, artificial intelligence and data analytics, by a host of JTP ecosystem partners for up to 13 months[6].

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In the lead-up to the launch of the 2022 edition of JTP, UOB Malaysia hosted a virtual panel discussion on 14 June 2022 entitled, ‘Women Entrepreneurs Making A Leap Forward’. The panel discussion featured four women leaders across industries in education, fashion, wellness, and fitness to share their first-hand experience in their professional and entrepreneurial journey to the audience. The panel comprised of Ms Anne Tham, Founder of ACE EdVenture; Ms Joan Yeoh, Country Director of Love Bonito Malaysia; Ms Melissa Tan, CEO of Getha and Ms Toh Yen Kee, Co-founder of The Playground Fitness.

During the panel discussion, Ms Toh Yen Kee said, “When I first made the move to start my own enterprise, to look for the right solutions and assistance to accelerate my business transformation was a challenge. After having focused my effort to get the necessary funding, I realised that that digitalisation is crucial for my business to implement across its different functions and to analyse its market competitiveness. A platform like JTP can provide the necessary information and mentorship that may complement other programmes that are already available to support women entrepreneurs.”

Since the launch of JTP in 2019, the Programme has enabled more than 400 Malaysian SMEs[7] to embark on their digitalisation journey. To register interest for this year’s JTP and for further information, please visit https://thefinlab.com/jom-transform-programme-womenpreneurs-edition/.

UOB Malaysia: https://www.uob.com.my/

[1] The FinLab is UOB’s innovation accelerator.

[2] JTP is an annual digital transformation accelerator programme for SMEs organised by UOB Malaysia and the FinLab.

[3] The FinLab Online is a regional digital platform launched on 17 July 2020 to help SMEs and start-ups tap the expertise of industry mentors from UOB and its regional ecosystem partners virtually.

[4] Source: SME Corporation Malaysia online, 30 January 2019

[5] Source: International Finance Corporation (IFC), June 2022. The gap in sales between female and male vendors could be closed by 2025, Southeast Asia’s e-commerce market could increase by some $280 billion US dollars between 2025 and 2030.

[6] Please see news release, ‘UOB Malaysia and The FinLab launch JomX to help SMEs navigate the recovery phases of COVID-19 pandemic through digitalisation’, 24 August 2021. Subject to UOB Malaysia’s terms and conditions.

https://www.uob.com.my/about/news/2021/press-release-aug24-2021.page

[7] Source: UOB Malaysia internal data as at 31 December 2021.

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Topic: Press release summary



Source: UOB Malaysia




Sectors: Daily News, Digitalization, Local Biz



http://www.acnnewswire.com


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Donors pledge $160 million, Palestinian refugees need more

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Donors pledge $160 million, Palestinian refugees need more

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UNITED NATIONS — Donors pledged about $160 million for the U.N. agency helping Palestinian refugees, but it still needs over $100 million to support education for more than half a million children and provide primary health care for close to 2 million people and emergency cash assistance to the poorest refugees, the agency’s chief said Friday.

Briefing reporters on the outcome of Thursday’s donor conference, Philippe Lazzarini said the pledges when turned into cash will enable the U.N. Relief and Works Agency known as UNRWA to run its operations through September. But “I do not know if we will get the necessary cash to allow us to pay the salaries after the month of September,” he said.

“We are in an early warning mode,” Lazzarini said. “Right now, I’m drawing the attention that we are in a danger zone and we have to avoid a situation where UNRWA is pushed to cross the tipping point, because if we cross the tipping point that means 28,000 teachers, health workers, nurses, doctors, engineers, cannot be paid.”

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UNRWA was established to provide education, health care, food and other services to the 700,000 Palestinians who fled or were forced from their homes during the war surrounding Israel’s establishment in 1948.

There are now 5.7 million Palestinian refugees, including their children and grandchildren, who mostly live in camps that have been transformed into built-up but often impoverished residential areas in the Israeli-occupied West Bank, east Jerusalem and Gaza, as well as in Jordan, Syria and Lebanon. But UNRWA only helps the more than 500,000 in school and close to 2 million who have health benefits.

Lazzarini said the more than $100 million shortfall in funding for 2022 is about the same as the shortfall that UNRWA has faced every year for almost a decade, but while income has stagnated costs have increased.

In past years, UNRWA has been able to absorb the shortfall through austerity and cost control measures, he said, but today it’s not possible because there is very little left to cut without cutting services.

“Today, we have some classrooms with up to 50 kids,” the UNRWA commissioner-general said. “We have a double shift in our schools. We have doctors who cannot spend more than three minutes in medical consultation. So if we go beyond that, it will force the agency to cut services.”

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Lazzarini said UNRWA’s problem is that “we are expected to provide government-like services to one of the most destitute communities in the region, but we are funded like an NGO because we depend completely on voluntary contributions.”

Funding the agency’s services has been put at risk today because of the “de-prioritization, or maybe increased indifference, or because of domestic politics,” he said.

Lazzarini said the solution to UNRWA’s chronic financial problem requires “political will” to match the support for the agency’s work on behalf of Palestinian refugees.

He said UNRWA has a very strong donor base in Europe and last year the Biden administration resumed funding which was cut by the Trump administration, but he said the overall contribution from the Arab world has dropped to less than 3% of the agency’s income.

Donors have also faced financial difficulties stemming from the COVID-19 pandemic, and now there’s a major effort to help Ukraine in its war with Russia, he said.

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“We will know better at the end of the year how much it will impact the agency,” Lazzarini said.

Some donors have already warned UNRWA “that we might not have the traditional top-up at the end of the year, which would be dramatic” for the agency, he said.

Ahead of Thursday’s donors conference, Israel’s U.N. Ambassador Erdan Calls on countries to freeze contributions until all UNRWA teachers that it claims support terrorism and murdering Jews are fired.

Lazzarini said UNRWA received a letter from Israel’s U.N. Mission Friday which he hadn’t read, but he said all allegations will be investigated and if there is a breach of U.N. values and misconduct “we will take measures in line with U.N. policies.”

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Mexico climber dies scaling active, off-limits volcano

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Mexico climber dies scaling active, off-limits volcano

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MEXICO CITY — A woman mountain climber in Mexico died and a climbing companion was injured when they scaled the highly active, off-limits peak of the Popocatepetl volcano.

Mexico’s volunteer Mountain Rescue and Assistance Brigade confirmed Friday that the climbers fell into a gully about 1,000 feet (300 meters) from the volcano’s crater, suggesting they had reached the crater or near it.

The crater of the 17,797-foot (5,426-meter) tall volcano has been belching toxic fumes, ash, and lumps of incandescent rock persistently for almost 30 years.

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Civil defense authorities have strictly prohibited climbers from going within 7.5 miles (12 kilometers) of the peak since it began erupting again in 1994.

Valentín Martínez Castillo, the mayor of the nearby town of Ozumba, identified the dead woman as a 22-year-old resident of the town.

Martínez Castillo wrote in his social media accounts that the climbers fell about 150 feet (50 meters) down a gully, and that the woman’s body and the surviving climbers had been successfully removed from the peak.

The Mountain Rescue and Assistance Brigade posted a notice on their social media Friday reading: “She shouldn’t have died. Don’t put your life or those of others at risk. The Popocatepetl volcano is closed.”

The country’s National Disaster Prevention Center said it “calls on people not to go near the volcano, especially the crater, due to the risk of falling ballistic fragments.”

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Popocatepetl is located 45 miles (72 kilometers) southeast of Mexico City, and occasionally showers ash on surrounding towns and some parts of the capital.

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Bill Clinton: Supreme Court’s Roe v. Wade decision has ‘put our democracy at risk’

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Bill Clinton: Supreme Court’s Roe v. Wade decision has ‘put our democracy at risk’

Former President Clinton is slamming the Supreme Court’s ruling to overturn Roe v. Wade, saying it contributes to putting “democracy at risk” and calling the high court “radical” and “activist.”

“This decision puts partisanship ahead of precedent, ideology ahead of evidence, and the power of a small minority ahead of the clear will of the people,” Clinton said in a statement on Friday.

“This jarring removal of rights that had long been guaranteed, along with decisions gutting the Voting Rights Act and abolishing any judicial remedy for admittedly unconstitutional gerrymandering by state legislatures and abuses of power by federal authorities, has put our democracy at risk in the hands of a radical, activist Court,” he added.

He said said voters should be electing people “who will defend, not deny, our cherished rights and liberties” in addition to confirming judges who put the importance of the Constitution over partisanship.

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His wife, former Democratic presidential nominee Hillary Clinton, called the decision “a step backward for women’s rights and human rights.”

The development comes as the high court ruled on Friday to eliminate federal-level abortion protections, which many anticipated after a leaked draft ruling last month. 

Several states, including Missouri, South Dakota, Louisiana and Kentucky, have now effectively banned abortion. More are expected to follow.

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