Malaysian Business

Malaysian Business

Global innovator in technology and manufacturing, LG Electronics Malaysia together with Cleanpro Laundry Holdings Sdn. Bhd. launched its second commercial laundry concept store in Kota Kinabalu, Sabah.

The ceremony was officiated by LG Electronics Seoul, Living Appliance Business-to-Business (B2B)/ Promotion Business vice president, Bruce Chang.

Sime Darby Auto Connexion (SDAC), the sole distributor of Ford in Malaysia, today announced a strong showing in January helped by a surge in demand for the ‘Built Ford Tough’ Ranger.

Ranger sold 590 units in January, helping it garner a 20.5 percent share of the market segment.

AirAsia’s digital venture arm, RedBeat Ventures, announced it is establishing a global venture capital fund, RedBeat Capital, alongside a strategic partnership with 500 Startups, a leading startup accelerator and venture capital firm based in San Francisco

RedBeat Capital is designed to support post-seed stage startups, investing in scalable startups seeking to enter or expand their presence in Southeast Asia, with a particular focus on:

Curlec, an online Direct Debit payments company has announced the completion of its seed funding round led by Captii Ventures.

Curlec plans to use this fresh capital to further grow their Malaysian operations and take their online Direct Debit payments platform to the mass SME market.

Century Software (M) Sdn Bhd, a wholly-owned subsidiary of Censof Holdings Berhad has secured a RM4.27 million contract.

Under the terms of the contract with PERKESO, Century Software’s scope of work includes comprehensive maintenance for Standard Accounting System for Government Agencies (SAGA) compliant accounting software and also to provide an application server with disaster recovery solutions. The contract will be for 3 years.

Malaysian firms eyeing for opportunities overseas are urged to explore the prospects of offering their professional ancillary services in Kazakhstan particularly in the Astana International Financial Centre (AIFC).

Khazanah Nasional’s, which announced its 2018 financial performance and a refreshed mandate, portfolio value as measured by its Net Worth Adjusted (“NWA”) declined to RM91 billion on 31 December 2018, a 21.6% drop from RM116 billion on 31 December 2017.

The Malaysian Institute of Estate Agents (MIEA) opined that it is timely for the government to calls on the government to spur the secondary property market by reviewing incentives, offered during the six-month National Home Ownership Campaign 2019, to be extended to first-time home buyers looking to purchase properties from the secondary market.

Fraser & Neave Holdings Bhd (F&NHB) has embarked on its second school recycling campaign with Majlis Bandaraya Petaling Jaya (MBPJ) to inculcate recycling as a way of life among students in Petaling Jaya.

Carousell, shared that the number of listings on the platform rose by 45.1%t to 678,853 listings during Chinese New Year festive season.

Women’s fashion, Men’s fashion, Health & Beauty products, Babies & Kids’ products, and Gadgets were the top five categories on the platform during the period.

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