Micro Imaging Technology, Inc. announced today that Biotek Sdn Bhd has purchased its first MIT 1000 System. Biotek Sdn Bhd was recently signed as the company’s distributor for Malaysia and other Association of Southeast Asian Nations (ASEAN) which includes Indonesia, Singapore, The Philippines, Thailand and Cambodia, in addition to others.

Recognized as a premier distributor in the food protection market, Biotek distributes products that are complementary to the MIT 1000 Rapid Microbial Identification System. “Our sales strategy is to demonstrate the features and benefits of this System in typical applications, enabling prospective clients to immediately understand its value. We have found this approach produces much faster sales than other traditional methods,” commented Biotek’s Director, W.C. Fong. “We are pleased to add the MIT 1000 System to our product portfolio. Its rapid test time coupled with its low operating cost will be attractive to many of our customers.”

Biotek has been scheduled

...

The only licensee so far for the DJIM ASEAN is by a traditional equity fund manager, Malaysia-based Corston-Smith Asset Management.

 

Dow Jones Indexes launched the Dow Jones Islamic Market ASEAN Index on Monday, the first index to cover Shari'ah-compliant companies in six of the 10 member states of the Association of Southeast Asian Nations (ASEAN): Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

The DJIM ASEAN Index will serve as the basis for exchange-traded funds and other investment products. Islamic nations in the Middle East and in Southeast Asia are ramping up efforts to develop their local ETF marketplaces.

Indonesia, Malaysia, Thailand and Singapore, four of the six countries covered by the new index, have already taken baby steps into ETF waters.

At the end of the third quarter, Singapore had five ETFs; Malaysia had three, Thailand had two, and Indonesia had one ETF portfolio, according

...