Malaysian Business

Malaysian Business

PETRONAS Chemicals Group Berhad (PCG) recently launched 10 new brands for its existing and upcoming isononanol, polymer and shale inhibitor products to further strengthen its position as a regional market leader.

The launch was officiated by Deputy Minister of International Trade & Industry, YB Dr Ong Kian Ming and President & Group CEO of PETRONAS, Tan Sri Wan Zulkiflee Wan Ariffin during the official Opening Ceremony of the Asia Petrochemical Industry Conference 2018 (APIC 2018) at the Kuala Lumpur Convention Centre.

Customers of Hong Leong Bank Bhd can start binding their debit cards to WeChat Wallet and use WeChat Pay as an alternative payment option, joining the giant mobile payment’s 900 million active monthly users worldwide.

HLB is also one of the first banks in Malaysia to be approved as Tencent’s local WeChat Pay Master Merchant Acquirer, enabling merchants and individual users to transact with WeChat Pay for the first time in Malaysia in Ringgit Malaysia, paving the way for Malaysia to be the first country, outside of China and Hong Kong, to be able to make payments in the local currency.

AMMB Holdings Bhd registered a higher income of RM1,014 million, up 3.2% supported by higher net interest income (NII) (+4.7%). Net interest margin (NIM) stable at 2.02% in the first quarter ended 30 June 2018 (Q1FY19).

Datuk Sulaiman Mohd Tahir, AmBank Group Chief Executive Officer said, “After a year of putting in place a series of fundamental changes, we have today a solid platform to grow further, as our Q1FY19 results point to a reasonable start to the new fiscal year. Our Q1FY19 income growth was broad based. NIM remained stable at 2.02%.”

Sunway Putra Hotel Kuala Lumpur reintroducing their Weekend Hi-tea Buffet priced at RM79 and RM59 respectively.

Available from 12 to 5 pm, this buffet will be taking place at Coffee House every Saturday and Atrium Lounge every Sunday.

Tuesday, 21 August 2018

Prudential launches PRUcancer X

Cancer is a growing health concern worldwide with statistics by the World Health Organisation (WHO) indicating it to be the second-leading cause of death globally.

In Malaysia, one in four people are expected to develop cancer by the age of 75, according to the Ministry of Health. While the probability of developing cancer has increased substantially, the cost of treatment has also risen significantly in recent years.

TRX City Sdn Bhd, the master developer of the upcoming international financial district Tun Razak Exchange, announced today that it is awarding Gadang Engineering (M) Bhd a RM86.086 million contracts for its public realm infrastructure work.

The contract covers the structural work as well as hardscape and softscape for the North-West Plaza, which is TRX pedestrian entrance from Bukit Bintang, and the North East Plaza, also known as the Tun Razak Exchange MRT Plaza.

TEKAM (Malaysian Association Of Suppliers And Employees Management Of Foreign Workers) would like to partner the government in finding a solution and supplement its efforts in the recruitment of foreign workers into the country.

President of TEKAM Datuk Megat Fairouz Junaidi Tan Sri Megat Junid in welcoming the Government’s announcement on the setting up of a single system to hire foreign workers without differentiating the source countries he said: “We are eager to look and join at the new system. We welcome the plan and we are prepared to make it successful from the point of entry to the point of exit of such legal and trained foreign workers.”

Maxis yesterday launched its most affordable and worry-free fibre broadband plans for both consumers and businesses. Maxis’ no restrictions, ‘Always On’ propositions provide a superior Internet experience supported by advanced high speed fibre networks and even better services.

Both the new consumer and business fibre plans are available in speeds of up to 100Mbps, at prices 36% - 65% lower than previous similar plans. For consumers, the 100Mbps plan comes at RM129 per month, and 30Mbps at RM89 per month. Business customers meanwhile can take up the 100Mbps plan for just RM139 per month, and 30Mbps for RM99 per month, inclusive of business grade service options of ‘Always On’ and ‘peace of mind’ benefits.

Sentiment towards the Malaysian economy has taken an unexpected negative turn following the news that the Malaysian economy expanded by a much slower pace than forecast between April – June.

Expectations for the second quarter GDP reading were above 5%, but the headline number of 4.5% is far below forecast. This reading will also likely accelerate some underlying concerns that the overall growth outlook for the Malaysian economy in 2018 will need to be readjusted lower.

CIMB Group Holdings Bhd introduced fresh policies for staff with special needs children by providing financial assistance and flexi-work arrangements to help them focus on both their children and career.

These policies allow eligible employees to work from home one day per week and receive financial assistance of up to RM1000 per child monthly, reflecting the Group’s understanding that raising specially-abled children requires both time and additional funding.

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