Kuala Lumpur, 1 November, Payments Network Malaysia (PayNet) and Grab, Southeast Asia’s leading everyday app, announced a landmark collaboration that will make GrabPay the first e-Wallet to adopt DuitNow QR, Malaysia’s National QR Standard. 

DuitNow QR is established under Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country’s shared payment infrastructure provider, implement an interoperable and common QR standard for Malaysia.  Four Banks are already offering DuitNow QR in their mobile banking apps, with 25 Banks expected to implement DuitNow QR over the next six months.

ZEEPod is an offshore platform built to extract oil and gas that makes the development of marginal oil and gas fields in Malaysia possible by offering a technically sound, and economically viable solution. For such developments to be commercially attractive, the solution must be low in Capital Expenditure (CAPEX) and with nil or negligible Operating Expenses (OPEX). The fit-for-purpose ZEEPod design offers an ideal solution for such developments, which improves both business and operating efficiency. 

The first ZEEPod was installed and commissioned in July 2019 for Vestigo Petroleum Sdn Bhd (Vestigo), a subsidiary of Petroliam Nasional Berhad (Petronas), in the development of the Tembikai Non-Associated Gas (TNAG) facilities. The project was awarded to Malaysia Marine and Heavy Engineering Holdings Berhad (MMHE) for the Engineering, Procurement, Construction and Installation (EPCI) of TNAG. Vestigo was incorporated by Petronas for the development of marginal oil fields in Malaysia and their global operations.

KUALA LUMPUR, 31 OCTOBER 2019 – Canon Marketing Malaysia announced its first A3 Business Inkjet line head printers for small to medium-sized enterprises. The new Canon WG7740 and WG7750F business inkjet printers print at up to 80 pages per minute (ppm), producing high-quality output on plain paper with excellent water resistance so businesses can enjoy enhanced performance and productivity while keeping print costs low.

Canon Marketing Malaysia’s Senior Director of Business Imaging Solutions Centre Masato Yoshiie, said “The new Canon WG7700 series is perfect for companies and organisations that are looking for printing capabilities that support the busy, diverse workflows of today. Designed with small-to-medium sized environments in mind and Canon’s intuitive inkjet technology, the printer maximises work efficiency, reduces maintenance needs and offers maximum productivity which ultimately lowers the total cost of ownership for workforces on lean resources.”

Kuala Lumpur, 31 October 2019 – FWD Takaful Berhad (formerly known as HSBC Amanah Takaful (Malaysia) Berhad) (“FWD Takaful”) today signed a collaboration agreement with ISRA Consultancy Sdn. Bhd. (“ICSB”) for a collaboration to invest RM1 million in research, feasibility studies, and development of a user-friendly booklet to explain Takaful in simpler terms.

The collaboration will also include an in-depth feasibility study and research, with the aim of establishing Shariah-compliant Micro Family Takaful plans for individuals in the low to middle level income category in Malaysia.

Sunway City, Oct 25 2019 ~ Master Community Developer, Sunway Property today signed a Sale and Purchase Agreement to acquire a parcel of freehold land measuring 3.69 acres in Wangsa Maju for a proposed residential development.

The land was acquired by Sunway’s 55% owned subsidiary, Sunway Avila Sdn Bhd, for RM36.97 million. The proposed development on the land comprises 468 condominium units with a potential gross development value (“GDV”) of approximately RM300 million.

Kuala Lumpur, 25 October 2019 – Labuan International Business and Financial Centre Incorporated (Labuan IBFC Inc), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), and China Construction Bank Corporation Labuan Branch (CCBL), a branch of China Construction Bank Corporation, have inked a Memorandum of Understanding (MoU) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies, in addition to supporting the advancement of FinTech development in the jurisdiction.

“We are extremely pleased to be partnering with CCBL, part of the second largest bank in the world, providing a key enabler towards further strengthening our footprint in China and in countries which form the Belt and Road Initiative,” said Farah Jaafar-Crossby, CEO of Labuan IBFC Inc. during the official launch of CCBL in Labuan.  

Kuala Lumpur, 25th October 2019 - HealthMetrics, Southeast Asia’s fastest-growing corporate health benefits management platform, officially launched its Corporate Social Responsibility (CSR) initiative with Hospis Malaysia as its sole beneficiary on Thursday, 24th October 2019.

Resonating with recent statement made by Deputy Minister of Health Dr. Lee Boon Chye who raised the need for more conversations about the importance of palliative care to be made to the public^[1], HealthMetrics aims to contribute to this cause. Through this initiative, HealthMetrics looks towards raising awareness on the importance and benefits of palliative care, believing that those in need can gain easy access to this specialized medical care in order to live quality lives despite life-limiting conditions.

KUALA LUMPUR, 24 October 2019 - ​The much-anticipated 11.11 Big Sale by Malaysia’s no.1 e-commerce platform Shopee returns for another round of attractive discounts and exclusive privileges for avid online shoppers. The shopping event is the platform’s biggest one yet, kicking off with much to give - free shipping with a minimum spend of RM11, daily cashback up to 111% and a chance to purchase a Toyota Vios for only RM1 - all from 24 October to 11 November 2019.

Shoppers are in for a treat as brands from various categories such as Carlo Rino, P&G, Nestle, realme, Tefal, Mr DIY, Enfagrow, Nutox, Universal Traveller, Samsung, Watsons, Honor, HomeHuk, Photobook Malaysia, Vinda, L’Oréal and Unilever will be offering irresistible deals throughout the campaign period.

SELANGOR, 22 OCTOBER 2019 – SPARK Foundation, in collaboration with the Global Environment Centre (GEC) celebrated World Rivers Day through a river clean-up session with the local communities.

Together with the GEC, SPARK Foundation teamed up with more than 50 volunteers and local communities from Sungai Penchala river basin including Friends of Sungai Penchala, Sahabat Komuniti Sungei Way, Joint Management Board Blok 1 Desa Mentari, Sahabat Hijau Blok 1, and Indah Water Konsortium Shah Alam (IWK), successfully cleaning-up 400 metres of the river. Resulting from the river clean–up effort, 385kg of rubbish in which 273kg of wet waste and 112kg of recyclables were collected during the three-hour session.

Kuala Lumpur, 21 October 2019 – Aspirasi, a micro-financing platform and fintech services provider under Axiata Digital, has teamed up with leading eCommerce platform Lazada Malaysia to provide financing support to micro-enterprises and SME merchants on the eCommerce platform.

The collaboration will leverage Aspirasi's end-to-end digital financial services that offer fast and simple financing solutions in an effort to boost the growth potential of merchants listed on Lazada Malaysia. Through Aspirasi’s working capital solution, merchants can enjoy easy financing with free insurance, cashback upon completion of repayment, zero early settlement charges, immediate financing decisions, and cash in the merchant's account within 48 hours during the promotional period from now until 31 December 2019*.