Diversified group Kumpulan Perangsang Selangor yesterday announced that its 30% associate company Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”) has accepted a takeover offer from Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) to acquire 100% equity interest of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”).
The proposed takeover, announced on 3 August 2018, entails Air Selangor acquiring from SPLASH Holdings the entire 50 million ordinary shares and 350 million redeemable unsecured loan stocks (“RULS”) of SPLASH for a total purchase consideration of RM2.55 billion.
DR MASZLEE MALIK - EDUCATION MINISTER
The Malaysian property market is set to gradually improve in the years ahead through to 2020, said the Malaysian Institute of Estate Agents (MIEA) President Eric Lim Chin Heng.
“The property market may have bottomed out last year with transaction volumes hitting the lowest point since 2012, amounting to 311,824 transactions in 2017. We envisage that the market will continue experiencing ‘confidence gaining growth’ as fundamentals improve under the new government. Real estate investors, who have been playing an important part in the property market’s growth, have been on the side lines for many years now and are looking forward to coming back to the market.
Loob Holding Sdn Bhd, the company behind popular F&B brands including Tealive, llaollao, Gindaco and Define Food has been awarded ‘Asia’s Best Employer Brand 2018 - 2019’. The ceremony took place on 31 July at Le Meridien Sentosa, Singapore.
Currently in its ninth edition, the Asia Best Employer Brand Award recognises organisations from Asia who are exemplary in practices related to Human Resources (H.R.).
Hitachi Sunway Information Systems Sdn Bhd (“Hitachi Sunway”), a leading one-stop ICT services and solutions provider in ASEAN, today is pleased to share that it has signed a memorandum of understanding with Penang based Penfabric Sdn. Berhad for the provision of Software driven-IoT solution – the Intelligent Chiller Energy Efficiency Control System (ICEE).
It is a unique smart optimisation solution that automates energy saving controls by applying predictive algorithm-based measures. The Internet of Things (IoT) based system provides users with the ability to make intelligent, prediction-based decisions.
AirAsia has announced that it has engaged Palantir as its strategic data science partner.
Palantir, a company based in Palo Alto, California that specialises in big data analysis, will work with AirAsia to carry out data science projects on their platform across our various business functions over the next five years.
By Darell Leiking, Minister of International Trade and Industry
E-Commerce offers enormous opportunities for business-to-business (B2B) and business-to-consumers (B2C). Based on a study conducted by Google and Temasek, e-Commerce trade in ASEAN will reach USD200 billion by the year 2025, driven first-hand by the growth of e-Commerce market, followed by online media and online travel.
11street (www.11street.my), one of the online marketplaces in Malaysia, is seeing a new revolution that will enhance the user shopping experience and make significant contributions to the digital economy in Malaysia by entering a strategic partnership with PUC Ventures Sdn Bhd.
This partnership aims to tap into a broader digital world with the ease of integration and interoperability across platforms that cater to the country’s growing e-commerce sector.
The much-anticipated SURI Incentive Programme which enables housewives to gain access to quality social security and enhanced income security will start next week, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said today.
To be implemented in three phases, Dr Wan Azizah announced the first phase would start on Aug 15. It means SURI members could save a minimum of RM5 monthly in their Employees Provident Fund (EPF) account, and the government would then contribute RM40 monthly.
The National ICT Association of Malaysia (PIKOM) is appealing to the Government to urgently address areas of concerns that could have long-term impact on the growth of Malaysia’s ICT industry. As the new government takes stewardship of the country, emphasis and time should be accorded to implement initiatives for the growth of the ICT industry as well as to offer various benefits for other industry sectors. This is a timely appeal with positive implications and practical solutions to ensure the least disruption to ongoing business operations.
PIKOM CHAIRMAN Ganesh Kumar Bangah said, “As the voice of the ICT Industry, PIKOM is seeking clarity on these concerns for the benefit of the association’s 1,000 plus members who contribute 80% to the industry’s revenue, which in turn, makes up about 19 per cent of the GDP of the country. The ICT industry is also one of the fastest growing industries in Malaysia.
