Items filtered by date: March 2017

Kuala Lumpur, March 31 -  Malaysian Business magazine, which is making a comeback at the newsstands beginning April after a hiatus of close to two years, was officially revealed by the Deputy Minister of International Trade and Industry Datuk Ahmad Maslan in Pullman Bangsar Hotel last Wednesday.

The magazine is being revived in print format, with an online edition, this time with a new team at its new home Amanie Media Sdn Bhd, a company under the Amanie Group of Companies.

Spearheading Malaysian Business into the future is the magazine’s new Editor-in-Chief Datuk Dr Mohd Daud Bakar, one of the leading global Shariah entrepreneurs and Amanie Group’s founder.

Published in GENERAL

Kuala Lumpur, March 31 - SME Bank has disbursed up to RM70 million, to-date, in financial assistance under the bank's Online Business Financing programme. 

Speaking to reporters after launching the SME Bank Xcess 2017 here on Wednesday, group managing director Datuk Mohd Radzif Mohd Yunus said the bank had allocated RM200 million for online business financing since 2016.

Published in GENERAL

Mumbai, India, March 31 - PETRONAS Lubricants International (PLI) yesterday launched PETRONAS Sprinta with UltraFlex, its flagship range of motorcycle lubricants formulated to resist engine stress and promote a longer bike life.

This new range of motorcycle lubricants addresses the core requirements of motorcycle riders who want reliable and better quality rides.

Managing Director and Group Chief Executive Officer of PLI, Giuseppe D’Arrigo, said, “For a majority of bike owners, motorcycle is the primary mode of transport for their daily commutes, usually under heavy traffic conditions. This potentially leads to extensive usage and heavy load on the motorcycle, putting a lot of stress on the engine.”

Published in GENERAL

Kuala Lumpur,March 31 -  More foreign players will be invited to join the country’s Internet exchange.

The decision was unanimously agreed at the recently held 9th Annual General Meeting of Malaysia Internet Exchange (MyIX) operated by the ‘Persatuan Pengendali Internet Malaysia’ – an initiative under the Malaysian Communication and Multimedia Commission (MCMC).  

The move is in direct effort to tap more International Content Brands and regional internet service providers to peer directly with MyIX. This will bring about significant benefits for local members as well as ordinary Malaysians. At present, several foreign companies have already peered with MyIX. They are S.I. Group Ltd (Cambodia), TATA Communications (Hong Kong) and ViewQuest Pte Ltd (Singapore).

Published in GENERAL

Kuala Lumpur, March 31 - A Malaysian healthcare consulting services provider, Mediconsult Sdn Bhd has recently been awarded two contracts; a EUR 600,000 contract by Asian Development Bank (ADB) and the Government of Uzbekistan for the Electronic Heath Care Development Project and a US$420,000 by Asian Development Bank (ADB) and the Government of Bangladesh for the Preparation of an Urban Primary Health Care Services Delivery Project.

The Electronic Health Care Development Project is an initiative by the Government of Uzbekistan to develop an electronic framework to support the healthcare sector. It is a highly concentrated assignment with an expected input of 60 man-months over eight months. 

Published in GENERAL

Sepang, March 31 - The largest airport travel retail and duty free operator, Malaysia Airports (Niaga) Sdn Bhd also known as Eraman Malaysia announces the opening of a newly renovated and re-branded store in KLIA: EXpress located at Level 3, Domestic Arrival, KLIA. 

The event was graced by Zulhikam Ahmad, General Manager of Malaysia Airports (Niaga) Sdn Bhd, Management of Malaysia Airports Niaga and Malaysia Airports Holdings Berhad, business partners and invited guests. 

Published in GENERAL
Friday, 31 March 2017 10:54

Giant Tunjung Mall Opens For Business

Kota Bharu, March 31 - Giant Tunjung Mall opens its doors today boasting 195,000 sq ft in size with 127 retailers under one roof. With this second hypermarket in Kelantan, Giant Tunjung Mall marks another significant growth for GCH Retail Malaysia Sdn Bhd and signifies GCH Retail’s strength as the leading player in Malaysia’s food retail industry.

With its new store concept and layout, coupled with 350 parking bays and 57,000 sq ft of hypermarket haven, Giant Tunjung Mall will be the one-stop solution provider for all family needs, able to cater to more than 51,000 households within the area.

Published in GENERAL

Kuala Lumpur,  March 31 - Yinson Holdings Bhd, Malaysia’s premier integrated offshore production and offshore support services provider, yesterday announced its fourth quarter results for its financial year ended 31 January 2017 with a revenue of RM185.5 million, translating to a 59.6% increase as compared to its corresponding quarter last financial year.

For the quarter under review, the Group posted a reported profit after tax (“PAT”) of RM51.2 million, as compared to RM47.2 million in Q4FYE2016. The higher results is mainly due to strong growth in revenue but set-off by impairment in receivables, impairment to our OSV assets and lower share in profit from joint ventures.

Published in CORPORATE

Kuala Lumpur, March 31 – Daya Materials Berhad has announced the proposed disposal of the offshore subsea construction vessel, Siem Daya 1 via the disposal of the Group’s wholly-owned subsidiary, known as Daya Global 1 Ptd Ltd to Siem OCV Ptd Ltd, which is an indirect wholly-owned subsidiary of Siem Industries Inc for a total consideration of US$$100 million (equivalent to RM442.6 million). 

The disposal consideration comprises of US$$82.7 million (equivalent to RM366.2 million) in cash and US$$17.3 million (equivalent to RM76.6 million) to be settled via a debt forgiveness, cancellation and settlement arrangement between Siem Offshore Rederi AS (SORA) and Canyon Offshore, Daya Vessel Limited and DMB. 

Published in CORPORATE
Thursday, 30 March 2017 14:29

Tealive partners start-ups GoGet & Moola

Kuala Lumpur, March 30 – The quick “service” food and beverage specialist Loob Holding Sdn Bhd is one of the few young and dynamic companies which support the start-up eco-system in Malaysia as evident from its latest collaboration with mobile apps GoGet and Moola.

Chief executive officer Bryan Loo said that Loob Holding had always maintained a corporate policy of encouraging technology start-ups and nurturing youthful entrepreneurs.

Published in GENERAL
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