Malaysian Business

Malaysian Business

Malaysia Airlines recentlyy celebrated the graduation of 111 cabin crew and pilots at a ceremony held at Malaysia Airlines Berhad Academy, Kelana Jaya.

Amongst the graduates, were Malaysia Airlines’ first female pilots, Captain Pearl Wendy Mak, Second Officer Wang Wen Chien and Second Officer Foo Hooi Wen.

Video -on-demand service dimsum has announced its strategic partnership with GMM Grammy and signed a memorandum of understanding with Artop Media Company during the Top Thai Brands 2018 event at Kuala Lumpur Convention Centre.

With this partnership announcement, dimsum cements a long-term collaboration with major content providers and distributors in Thailand such as GMM Grammy and Artop Media Company to further expand its Thai content offering on dimsum.

Exploring potential strategies to help the nation achieve its COP21 commitments, the Malaysian Gas Association (MGA) and Shell Malaysia recently co-hosted an industry talk on Shell’s Sky Scenario: Meeting the Goals of the Paris Agreement, in the presence of Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change, with close to 100 industry leaders.

As the lead advocate for the nation’s natural gas industry, MGA represented by its President, Hazli Sham Kassim, shared the global stance on natural gas being a viable complementary fuel and a perfect partner to renewable energy, co-creating a sustainable future.

CIMB Group has received Bank Negara Malaysia's (BNM) approval to incorporate a Malaysia-based Joint Venture company (Malaysia JVCo) as the holding company of Jupiter Securities Sdn Bhd (Jupiter Securities), the platform that will be used for the Malaysia stockbroking business of CIMB and China Galaxy Securities Co. Ltd ("China Galaxy" or “CGS”).

CIMB and China Galaxy will own a 50:50 stake in Malaysia JVCo, through their respective wholly-owned subsidiaries CIMB Group Sdn Bhd and China Galaxy International Financial Holdings Limited. CIMB Group’s Malaysia stockbroking business comprises institutional and retail brokerage, share margin financing for broking clients, equity financing services and equities research, as well as exchange listed derivative broking under CIMB Futures Sdn Bhd.

Samsung Electronics Co., Ltd. announced the latest addition to its premium Note series with Galaxy Note9.

“The Note has always been our showcase for premium technology and industry-defining innovation, and Galaxy Note9 is no exception.

Epson, a provider of innovative business solutions, announced that the WorkForce DS-320 Portable Duplex Document Scanner, known as the WorkForce DS-310 scanner in Southeast Asia, has been awarded the BLI’s Winter 2018 Pick Award for Outstanding Mobile Scanner for Business.

The BLI “Pick” awards gives special recognition to the hardware and software products that are reviewed by BLI’s team of expert technicians and analysts at the BLI lab.

 

M. KULA SEGARAN - HUMAN RESOURCES MINISTER

The Employees Provident Fund (EPF) yesterday signed a Memorandum of Understanding (MoU) with Grab Malaysia to encourage its community of ride-sharing driver-partners to save for their retirement through Caruman Sukarela Insentif Persaraan (i-Saraan), a voluntary retirement savings programme with the EPF.

EPF Chief Executive Officer Datuk Shahril Ridza Ridzuan said, “We would like to encourage the community of Grab driver-partners to voluntarily sign up as EPF members and save for their retirement with the EPF. Our members are provided with a secure savings option, as the EPF has a proven track record of sustainable, above-inflation returns which will enhance the value of their savings over the long term.

Green Packet Bhd’s joint Venture company, Funsea Interactive Entertainment (M) Sdn Bhd entered into a partnership with Apigate to enable Direct Carrier Billing (DCB) for Celcom’s customers.

DCB is traditionally used by mobile content creators and developers to facilitate payment for their in-app purchase and subscription services by end users. It allows end users to make payments for their purchases by charging payments to their mobile operator’s post-paid and pre-paid bill. Funsea Interactive will be able to facilitate payment for their OTT content related games, music and video-based apps to more than 9.6 million Celcom subscribers in Malaysia through the DCB payment facility offered by Apigate.

Sunway REIT has delivered a set of commendable financial results for the financial year ended 30 June 2018. Revenue rose 7.2% year-on-year (y-o-y), from RM522.9 million in FY2017 to RM560.4 million in FY2018, underpinned by retail segment and new income contribution from newly completed acquisitions.

Net property income (NPI) expanded by 8.0% y-o-y to RM419.9 million. The topline growth was partially offset by higher interest cost during the year on the back of debt drawn down to fund acquisitions and capital expenditure.

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