Kuala Lumpur, 25 June 2020 – Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) today reported a pre-provision operating profit of 4.1% year-on-year (“YOY”) to RM882.3 million. Its revenue grew 4.1% YOY to RM1.69 billion, driven by improvement in non-interest income. The Bank recorded a net interest margin of 2.40%. It continues to be one of the fastest growing banks in the SME segment, registering loans growth of 8% YOY. 

The Bank’s total net interest income (including the Islamic Banking segment) was at RM1.32 billion. Excluding the impact of the three Overnight Policy Rate (“OPR”) cuts in FY2020, net interest income grew by 4.0% YOY.

Kuala Lumpur, 25 June 2020 – MyTukar, the fastest growing used car trading platform has teamed up with Malaysia’s leading Supply Chain Financing and P2P platform, CapBay to offer a seamless integrated one-click financing programme for used car dealers – the MyTukar Dynamic Dealership Programme. This innovative dealership financial services programme aims to provide a hassle-free financing experience for all their authorised dealerships in Malaysia, with a total financing of up to RM300 million. CapBay’s strong technological expertise in executing end to end digitization and automation of financing processes enables the online car bidding platform to effectively drive its Dealer Management System. This in turn allows MyTukar to support used car dealers with a comprehensive financial ecosystem.

"We are pleased to introduce MyTukar Dynamic Dealership Programme, our new dealership financial services to support our 1,900 nationwide authorised dealers with a convenient and integrated purchasing experience. We believe that this programme will further strengthen our dealership ecosystem while supporting our authorised dealers' used car business through this challenging time," said Fong Hon Sum, CEO of MyTukar.com Malaysia. 

25 June 2020, KUALA LUMPUR: Malaysia’s fastest-growing direct to consumer premium lifestyle brand Oxwhite is turning two! For the premium lifestyle brand, turning two means more than merely staying afloat with its business enhancement, expansion and extension plans.

The premium lifestyle brand broke Malaysian equity crowdfunding records in December last year by securing an investment of USD$1.188 million (RM5.019 million) from 485 investors. With the right business strategy in place and prudent financial management, the brand is set to reach its goal of achieving double-digit growth by end of this year, said Oxwhite Founder CK Chang adding that Oxwhite, will be celebrating its second year anniversary on 30 June 2020. 

SHAH ALAM, 25 JUNE 2020 - Canon Inc. announced today that the company has developed the world’s first1 single photon avalanche diode (SPAD) image sensor with signal-amplifying pixels capable of capturing 1-megapixel images. SPAD image sensors are ideal for such applications as 2-dimensional cameras, which capture and develop still image and video in an extremely short span of time. These sensors also hold potential for use in 3-dimensional cameras due to their ability to obtain information about the distance between them and a subject as image data.

A SPAD sensor is a uniquely designed image sensor in which each pixel possesses an electronic element. When a single light particle, called a photon, reaches a pixel it is multiplied—as if creating an “avalanche”—that results in a single large electrical pulse. The ability to generate multiple electrons from a single photon provides such advantages as greater sensitivity during image capture and high precision distance measurement.