SEOUL, July 30, 2020 – LG Electronics Inc. (LG) second-quarter 2020 financial results were affected significantly by the worldwide impact of the pandemic. Consolidated revenue of KRW 12.83 trillion (USD 10.51 billion) was 17.9 percent lower than the same period of 2019, while operating profit of KRW 495.4 billion (USD 405.65 million) declined 24.1 percent from last year’s record second-quarter operating income. The resilient company managed its supply chain and cost structure to weather the storm of the global public health and economic crises. 

The LG Home Appliance & Air Solution Company reported revenues of KRW 5.16 trillion (USD 4.22 billion) in the second quarter, down 15.5 percent from the second quarter of 2019, due to the effect of softer global demand during the pandemic. Operating income of KRW 628 billion (USD 514.23 million) declined 12.5 percent year-on-year even though operating profit margin of 12.2 percent was the highest second quarter in the history of the LG H&A Company. Looking ahead, the LG H&A Company is buoyed by increasing consumer interest in healthier living.

Kuala Lumpur, 29 July 2020 – myTukar, Malaysia’s fastest growing pre-owned car trading platform today announced a first-of-its-kind collaboration with SISMA Auto Glenmarie SELEKT Center. A newly launched SELEKT pre-owned programme, it provides customers with a hassle-free means of purchasing an approved pre-owned Volvo. SISMA Auto is the first-ever Volvo Selekt pre-approved cars centre in Malaysia.

With this collaboration, customers who purchase a pre-owned Volvo will benefit from the convenience of being able to trade-in their own cars at the Center by leveraging technology.  myTukar’s trusted platform ensures SISMA Auto’s customers obtain the best price through a fully digital process that allows customers to bypass a third party.

KUALA LUMPUR, 29 JULY 2020 – U Mobile, the data-centric and award-winning telco, announced its partnership with Funding Societies, Southeast Asia’s largest peer-to-peer (P2P) financing platform, to offer business financing solutions for Malaysian micro, small and medium enterprises (SMEs), as well as small office/home office (SOHO) customers via its digital payment acceptance solution GoBiz. 

By collaborating with Funding Societies, U Mobile aims to empower local micro, SMEs, as well as SOHO Malaysia business owners to address a common need of growing businesses, which is the lack of working capital to expand the business. By accessing GoBiz’s  website - www.gobiz.com.my -  U Mobile as well as GoBiz customers will be able to access Funding Societies’ P2P financing assistance platform which will enable them to increase their revenue growth, bridge short-term liquidity gaps as well as overcome seasonal revenue fluctuations, especially in this challenging economic period. There is also flexibility in terms of loan range as Funding Societies is able to offer loans from RM3,000 to RM1 million.

KUALA LUMPUR, 29 July 2020 – NetApp (NASDAQ: NTAP), the leader in cloud data services, today announced new updates to its industry-leading Unified Partner Program to complement and align with its partners’ business capabilities and models. NetApp’s award-winning partner program will be simplified and expanded to deliver a consistent program experience, enable digital transformation for customers, accelerate partner profitability, and provide partners with a predictable business environment. 

“Customers need partners who are subject matter experts and can help them successfully design and implement their digital transformation projects,” said Chris Lamborn, head of Global Partner GTM & Programs at NetApp. “That’s why in the coming fiscal year, we will recognize partners based on their demonstrated ability to sell, implement, and support NetApp based solutions in areas that accelerate a successful digital transformation journey in a hybrid multicloud world.”