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Posted: 10 Oct 2011 10:55 PM PDT

KUALA LUMPUR: The upcoming SEA Games men's football event will only be held in one venue, that is in Jakarta, and will be kicked off much earlier, that is on Nov 3.

Earlier, the Indonesian SEA Games organising committee (Inasoc) announced
that the men's football event would be held in two venues - Jakarta and
Palembang - and would kick off on Nov 7.

However today, Inasoc deputy chairman Djoko Pramono was quoted by an online
newspaper, Jakarta Globe, as saying that the earlier decision was being reverted

to since the Palembang's venue, Gelora Sriwijaya will be used for the Games
opening and closing ceremonies.

Inasoc had prepared two venues in Jakarta, Gelora Bung Karno and Lebak Bulus
as the venues. Djoko on Oct 1 was quoted by Jakarta Post as saying that the
men's football tournament would be held in Jakarta and Palembang, and the final
would be played in Palembang.

Inasoc originally planned to organise the football event in both main venues

of the Games, Jakarta and Palembang, but scrapped the plan as Gelora Sriwijaya,
the main football stadium in Palembang had to be closed from Nov 7 for the
opening ceremony.

The opening and closing ceremony for the 26th SEA Games will be held at
Jakabaring Sports City, Palembang, where the Gelora Sriwijaya is situated.
-- BERNAMA

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Private sector urged to participate in venture capital

Posted: 10 Oct 2011 10:10 PM PDT

KUALA LUMPUR: The government has urged the private sector to be brave in participating in venture capital and drive Malaysia into a knowledge-based high-income economy.

Deputy Finance Minister Datuk Dr Awang Adek Hussin said venture capital is important in encouraging innovation, new technology and ideas, that can contribute to a knowledge-based economy.

"So far, the government has been the main driver of source of venture

capital.

"We need the private sector to come in and assist as well. It's a part

of the private-public partnership," he told reporters on the sidelines of
the Kuala lumpur International Venture Capital Symposium here today.

He said the industry is relatively underdeveloped in Malaysia and there
must be a greater pursuit of venture capital if Malaysia is to be a developed country.

Last year, the amount of venture capital in Malaysia was worth RM6 billion with 51.4 per cent of the funding coming from government.

The industry is expected to grow by 16 per cent annually.

Awang Adek said the private sector must build the culture of moving out
of the comfort zone to do new things and take on a higher risk.

"Break the barrier and take a leap forward into the high income economy," he added. -- BERNAMA

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Kredit: www.nst.com.my

Isnin, 10 Oktober 2011

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