Because of the fee to enter I don't think many people would want to join.. mostly the only ones who would want to sign up are the higher level players who actually stand a chance to win something... low level players aren't going to pay rm10 a week to get roflstomped by everyone else

^^THIS.

Train at a minimum cost?  I'm not sure if I follow Rinie's drift, but playing any tournament constitutes experience, rather than "training" per se.  I'd rather get good people online (this forum has more than a handful of them), play meaningful 1v1 games with them, discuss strategies and watch replays than spend 10RM to play an online single-elimination tournament.

Heck I played at the FXOpen Malaysia Open #2 Offline Tournament back in December 2011.  The only thing I paid for was my cab fare going to and from the event!

Also, I would like to understand what you intend to do with the profit.  32 players multiplied by 10RM equals 320RM, less prizes of 255RM (according to your Starcraft 2 Tournament Facebook page), nets you a profit of 65RM per week (theoretically).  How does that fit into "We would like to include Starcraft II as our official game but we would like to know if we can get at least 32 players to join our online tourney. By having 32 players we will be able to attract more sponsors in the future and ensuring that we have selected the games that deserve to get our support. Games that doesnt show a strong turn up will eventually be left out from the tourney for other deserving games"?

How does this benefit the players?  Profiting from the players to secure sponsors? So if you don't get your 65RM weekly you won't support SC2? Profit to cover your overhead?  What overhead?  You're setting up an online tournament!  There shouldn't be any overhead!  Please enlighten us.

And, content! Where's the content? So it's an online tournament that no one can watch?  Really?  How do you plan to attract sponsors without content?

Then after you've done your weekly online tournaments, then what?

2mbps bandwidth limit for all participants, screenshots required.  Really? You've just eliminated every country in the South East Asia region from participation, except Malaysia and Singapore. 

And how about this?

LOL.  And really, I mean LOL.

I'm sure you've not read this on Paypal's User Agreement:

(I worked in Paypal for 3 years, so I pretty much know their User Agreement.)

I'm really sorry, Rinie.  I'm really trying to have an open mind to what you plan to do, most especially in the interest of E-Sports. 

BUT, it just doesn't really doesn't feel right and it doesn't inspire confidence from the community when you ask participants to send any sort of payment to your personal bank account or Paypal account.