Items filtered by date: December 2017

Bina Puri Holdings Bhd achieved its latest milestone, when its local wholly-owned power subsidiary, BP Energy Sdn Bhd on 4 December 2017 has accepted the Letter of Acceptance to undertake a development of 5.00 MWa.c. Large Scale Solar Photovoltaic (PV) Plant in Kunak, Sabah from Suruhanjaya Tenaga (ST).

Bina Puri Group Executive Director, Datuk Matthew Tee Kai Woon said “Moving forward, we are indeed very positive and planning to add more solar farms and mini hydro powers onto our power portfolio. This is Bina Puri’s first power project in Malaysia after the successful listing of our power subsidiary in Indonesia Stock Exchange (IDX) June 2017. The project is on Build-Own-Operate (BOO) basis, is located at Kampung Dasar, in Kunak and all documentation is expected to be finalised by March 2018.”

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The 30% Club Malaysia chapter is intensifying its efforts to help Malaysia achieve 30% women representation on public listed corporate boards by 2020.

 Founding Chair of the 30% Club Malaysia, Tan Sri Zarinah Anwar said, “The country has set itself a target to reach 30% women representation on public-listed boards by 2020, and the 30% Club is working very hard to meet this target. During the course of 2017, we have been focusing our efforts in helping to place at least one woman director on all-male boards, particularly those of large market cap or top 100 companies, and I am pleased to report we are making very good progress.”

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Bursa Malaysia Securities Berhad (Bursa Malaysia) has introduced new trading features, providing alternatives for market participants to efficiently execute a greater variety of trading strategies. 

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At TechMatch ASEAN 2017, MDEC announced Sunway iLabs as Malaysia’s fifth Malaysia Digital Hub™. As a Digital Hub, Sunway iLabs will offer start-ups the opportunity for global expansion, ready access to high-speed broadband and fibre optic connectivity, funding and facilitation opportunities, workforce-ready ecosystem, technologically focused and a holistic convenience and lifestyle experience.

“We are delighted to announce Sunway iLabs as Malaysia’s fiBh Digital Hub™. Digital hubs provide start-ups and tech entrepreneurs the connections and dynamic workspaces to achieve rapid growth and help Malaysia establish itself as a digital and tech hub in the ASEAN region,” said Chief Executive Officer MDEC, Datuk Yasmin Mahmood. 

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Alliance Bank Malaysia Berhad (Alliance Bank) recently announced the winning teams of the second edition of Eco-Biz Dream Project, following six weeks of business workshops for the participants which include storytelling and presentation training. 

Two teams from the International Islamic University Malaysia (IIUM) took top honours in the programme, emerging as champion and first runner-up respectively. Team Eco Paddy Planter took home the coveted grand prize of RM10,000, while team Tanah Kita walked away with RM5,000 as the first runner-up.

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Bank Negara Malaysia is issuing commemorative coins in conjunction with the installation of His Majesty Seri Paduka Baginda Yang di-Pertuan Agong XV Sultan Muhammad V as the fifteenth Yang di-Pertuan Agong.  His Majesty was elected as the fifteenth Yang di-Pertuan Agong for a five-year term, by the Malay Rulers at the 243rd Conference of Rulers (Special Meeting) at Istana Negara, Kuala Lumpur on 14 October 2016. 

His Majesty subsequently took the oath as the fifteenth Yang di-Pertuan Agong on 13 December 2016 at Istana Negara, Kuala Lumpur. The installation of His Majesty Seri Paduka Baginda Yang di-Pertuan Agong XV Sultan Muhammad V as the fifteenth Yang di-Pertuan Agong was held on 24 April 2017. 

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Malaysia recorded a total of RM113.5 billion worth of approved investments in the manufacturing, services and primary sectors for the first nine months of 2017. This was 26.5% lower than the investment of RM154.3 billion approved in the same period last year. These investments involved 3,886 projects and will create 91,500 employment opportunities. 

Similar to the performance registered in the first half of 2017, this decline was mainly attributable to the lower quantum of approved investments recorded in the services sector i.e. a drop of 37.6%. This was in line with the subdued property market that is expected to persist until the end of the year. Manufacturing sector too declined 15.5% partly due to the higher base reported previously as a result of approvals associated with lumpy projects (Pengerang and RAPID project in Johor) as well as the softening global FDI trend for this sector as highlighted by UNCTAD’s World Investment Report 2017. 

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SuperCharger FinTech Accelerator celebrates the end of the SuperCharger Kuala Lumpur initiative with its founding partner Standard Chartered Bank and main partners Allianz Malaysia and Malaysia Digital Economy Corporation (MDEC). The event, called the 2017 SuperCharger Kuala Lumpur Demo Day, marked the successful completion of the 12-week programme from the world’s first accelerator dedicated to both global FinTech start-ups and scale-ups. 

The programme enables local and international growth stage companies to expand their operations within Malaysia and the region. This year’s event marks the first SuperCharger in Malaysia after it gained momentum from its two successfully completed acceleration efforts in Hong Kong. 

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Cradle, a leading startup influencer in Malaysia announced a strategic partnership with Supernewsroom, Asia’s first media digital platform, in an effort to further drive the growth and propel startups to success. The partnership aims to provide media exposure for startups which in turn will expand market opportunities and improve their businesses.

The first of its kind initiative in Malaysia, this strategic partnership merges the expertise and extensive experience of the startup industry that Cradle possesses, with Supernewsroom’s capability and proficiency in maximising media exposure, ultimately generating publicity especially for entrepreneurs.

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Bank Negara Malaysia is issuing commemorative banknotes in conjunction with the 60th Anniversary of the Signing of the Federation of Malaya Independence Agreement. These commemorative banknotes were launched by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong XV Sultan Muhammad V at the Museum and Art Gallery, Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur. 

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