Mobile retailing represents the fastest growing digital channel in Asia Pacific, with sales totalling US$328 billion in 2016, an increase of 64 percent year on year.
According to the Euromonitor International and Retail Asia’s 14th ‘Retail Asia Top 500 Retailers Ranking’ report, mobile commerce accounts for over 50 percent of total digital commerce in China, Indonesia and South Korea. Euromonitor expects the region to reach US$795 billion by 2021, almost tripling North America’s leading mobile commerce market size.
Sunzen Biotech Bhd has entered into a share sale agreement (SSA) with the vendors of Ecolite Biotech Manufacturing Sdn Bhd (Ecolite) for the acquisition of 70% of the total number of issued shares in Ecolite, for a purchase consideration of RM12,050,360 (Proposed Acquisition” to be wholly satisfied by the allotment and issuance of 37,657,375 new ordinary shares in SUNZEN at an issue price of RM0.32 per Sunzen Share.
In conjunction with the Proposed Acquisition, the Group intends to undertake the proposed diversification of the business activities of SUNZEN and its subsidiaries to include the manufacturing and trading of traditional Chinese medicines (“TCM”) and herbal health foods and beverages (Proposed Diversification).
Securities Industry Development Corporation (SIDC), the learning and development arm of the Securities Commission Malaysia (SC), today introduces a new Industry Competency Framework (ICF) to provide universal guidance for competency capabilities for capital market professionals. The move aims to further enhance competitiveness of the industry in view of the changing global landscape.
SIDC CEO, Sharifatul Hanizah Said Ali said, “ICF is timely not only to address the industry’s talent gap but also to cater for possible future challenges by enhancing organisational capabilities. Designed to drive sustainable performance by empowering current professionals and employees in the industry, it functions as a useful tool for assessing competencies for career mobility and progression in the capital market.”
CIMB-Principal Asset Management Bhd announced the launch of its CIMB-Principal China Multi Asset Income Fund (“the fund”), the first-in-Malaysia multi asset fund to offer investors income and moderate capital growth by enabling them to invest in products such as A-shares and bonds in China’s capital markets.
Munirah Khairuddin, Chief Executive Officer of CIMB-Principal, commented, “This fund, the first of its kind in Malaysia, will enable our customers to invest in China, which is not only the second1 largest economy in the world, but also one that is increasingly looked upon to take on the economic leadership in the upcoming rise of Asia.”
Roche (M) Sdn. Bhd. (Roche Malaysia) announced that it has appointed Lance Duan as the new Managing Director effective 1 July 2017. Lance Duan will be in charge of overall business of Roche Malaysia Affiliate. Prior to this appointment, Lance was the Head of a Business Unit at Roche Pharma China.
He brings with him 20 years of cross-industry experience comprising pharmaceutical, academia and government. Lance joined Roche in 2011 and has since held various commercial positions in the organization including part of the Roche Pharma China Leadership Team since 2012.
Epson, a leader in professional printing, has achieved the number one position in the graphics market for large format signage printers amongst ASEAN countries in the 3rdquarter period of 2016 to 1st quarter period of 2017.
The most recent findings from IDC reveal that Epson has taken the top spot in this segment with a market share of 19.9%. The achievement demonstrates the company’s market leadership in the region and its pioneering innovation in large format graphics printing.
Since 1 July 2017, the motor and fire insurance in Malaysia has experience a phased liberalisation where Tariffs or fixed premium rates that were previously in place will be gradually lifted and consumers will have access to a better range of products at better prices and great service.
Here, Jimmy Tan, Head of Retail Business at Allianz General Insurance Company (Malaysia) Berhad shares what consumers should really know about phased liberalisation of motor and fire insurance.
Bina Puri Holdings Bhd has achieved its latest milestone, when its subsidiary, an Independent electricity producer PT Megapower Makmur (MPOW) made its debut on the Indonesia Stock Exchange (IDX) on Wednesday, making it the first Non-Government Link Company to successfully listed on the Indonesia Stock Exchange (IDX), Bursa Efek Indonesia.
“We are proud to be the first non-GLC from Malaysia successfully listed on IDX and the second (2nd) independent electricity power producer listed here,” said Datuk Matthew Tee, Director PT Megapower Makmur who is also the Group Executive Director of Bina Puri Holdings Berhad.
SIRIM Tech Venture Sdn Bhd (STV), a subsidiary of SIRIM Bhd recently formed a strategic alliance with LD Micro Precision Sdn Bhd (LDM), marking its continuous effort in commercialising micro precision grinding machine into the educational program market segment.
Through the strategic alliance agreement, STV will be the marketing and sales window for the micro precision grinding machine manufactured by LDM.
SAP SE has announced that Scott Russell has been appointed president of SAP Asia Pacific Japan (APJ).
In his new role, Scott will be responsible for growing SAP’s business and presence in the APJ region, including Australia/New Zealand, Japan, Korea, the Indian subcontinent and Southeast Asia. He brings more than 20 years of experience in management, technology and consulting to this role.