Malaysian Business

Malaysian Business

Weststar Maxus launches their 2018 Maxus V80 commercial van alongside the opening of its new 3S facility in Bukit Mertajam.

The new facility will act as the Weststar Maxus northern hub to provide quality service and the much-needed support to its present and future Maxus customers in Perak, Penang, Kedah and Perlis as the economic propulsion in the Northern region was one of the key factors that encouraged the opening of the new facility.

VMware Inc. (VMW), an innovator in enterprise software, announced the appointment of Devan Parinpanayagam as the country manager of VMware Malaysia.

In this role, Devan will lead the company’s business development and market strategy for VMware in Malaysia, while strengthening the company’s local presence and customer relationships.

Following the overwhelming response of its first two phases, township developer, LBS Bina Group Berhad (LBS) launched Rentak Perdana, the third phase of its highly anticipated affordable landed homes at the gated and guarded LBS Alam Perdana Township located in Bandar Puncak Alam.

“Today, the market continues to show interest for affordable landed homes and this is why we are confident that Rentak Perdana will be well received.

Malaysian Association of Suppliers and Employees Management of Foreign Workers (Tekam) has expressed their interest in partnering up with the government in finding a solution and supplement its efforts in the recruitment of foreign workers into the country.

Tekam president, Datuk Megat Fairouz Junaidi Tan Sri Megat Junid welcome the Government’s announcement on the setting up of a single system to hire foreign workers without differentiating the source countries.

edotco Bangladesh, an integrated telecommunications infrastructure services company in Bangladesh, has been selected by the Bangladesh Telecommunication Regulatory Commission (BTRC) to obtain a conditional tower sharing incense.

Upon completion of the conditions, this license will allow edotco to build and manage telecommunications towers for multiple mobile network operators in the country.

AmMetLife Takaful Bhd and Yayasan Waqaf Malaysia have signed a Memorandum of Understanding (MoU) to establish a mutual understanding on waqaf tunai arrangement.

Through this arrangement, any claim that arises from waqaf benefit offered by AmMetLife Takaful will be channelled to YWM for waqaf activities, on behalf of the participant. In addition, both parties are committed to raise public awareness on waqaf and takaful protection through community engagement initiatives, including awareness campaign and charitable activities.

Amanah Saham Nasional Berhad (ASNB), the unit trust company of Permodalan Nasional Berhad (PNB), is offering a 45% discount on registration for Hibah Amanah and Trust Declaration for the period of 1 August to 31 October 2018.

During the promotion campaign, investors only need to pay a registration fee of RM100 instead of the standard fee of RM180 for Hibah Amanah (for Muslim investors) or Trust Declaration contract (for non-Muslim investors). In each contract, investors may nominate up to 10 beneficiaries for their investments in ASNB unit trusts.

Blee on MyBazar, Malaysia's own homegrown online marketplace has showcased yet another local brand that we can be proud of – Nori.

This all-natural skincare brand was launched on the popular e-commerce platform on the 10th of August 2018 and it has caused great interest amongst savvy online shoppers who are eager for a product of distinctive quality that is 100% local.

AirAsia celebrates its maiden flight from Bangkok, Thailand to Kota Kinabalu, Malaysia yesterdday.

The unique route, which marks the first AirAsia Thailand’s flight to East Malaysia, is a testament to AirAsia’s commitment to further grow Kota Kinabalu hub.

Sunway Construction Group Bhd announced a revenue of RM544.3 million and profit before tax of RM45.2 million for the current quarter ended 31 March 2018, compared to revenue of RM417.3 million and profit before tax of RM41.9 million in the corresponding quarter of the preceding financial year.

The Group's revenue increased by 30.4% mainly due to the construction segment which was offset by a decline in its precast segment. The Group's margin was slightly affected due to a decline in profitability in the precast segment.

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