Items filtered by date: October 2017

British American Tobacco (Malaysia) Berhad (The Group) today announced its financial results for the third quarter of the year ended 30 September 2017. 

The recovering volume trend as reported in Q2 2017 showed a stagnation in quarter 3 of this year, mainly due to a new illegal cigarette dynamic (legally perceived brands with fake tax stamps, introduced by certain local players), persistent pressure on consumer spending power and competitive entries in the legal low price segment (RM12). 

Published in GENERAL

Microsoft has released regional findings from their global Security Intelligence Report (SIR), Volume 22, which found that Malaysia is one of the countries with a growing malware encounter. 

As per the findings, an approximate average of 12.9% of computers running on Microsoft real-time security products in Malaysia reported a malware encounter in the first quarter of 2017. This is slightly higher than the global average of nine percent. In addition, the report also found a significant decline in Malaysia’s malware occurrences compared to Q1 2016. The malware encounter rate fell by 16.7% percentage points compared to last year. 

Published in FEATURES

Through the loyal support of an expanding customer base, Sports Direct Malaysia launched its new 5-storey flagship superstore in Bukit Bintang, at the heart of Kuala Lumpur’s Golden Triangle. 

Marking the company’s unprecedented growth across Malaysia, Sports Direct now currently has 28 stores since making its way into the Malaysian market in 2011. 

Published in GENERAL
Monday, 23 October 2017 10:12

Captain Izham Ismail is the New MAS CEO

Malaysia Airlines (MAS) announced on Friday (Oct 20) that it has appointed its current chief operating officer, former pilot Captain Izham Ismail as its new Group CEO to replace Peter Bellew, who is returning to Ryanair.

Capt Izham (pix), presently chief operating officer, will assume the new role on Dec 1 upon the departure of Peter Bellew who is currently on administrative leave. 

Published in GENERAL

Alliance Bank Malaysia Bhd has launched the second edition of the Eco-Biz Dream Project, an initiative to enlist, encourage and nurture an environmental preservation culture among university students. This further cements the Bank’s commitment to help develop sustainable social enterprises among students as well as to raise awareness for the environment. 

With the theme of “Saving The Environment with Your Idea”, the competition aims to spark creativity among the young generation of social entrepreneurs to make a difference through developing sustainable business ideas that can positively impact the environment. 

Published in GENERAL

AirAsia will relocate operations at Singapore Changi Airport from Terminal 1 to Terminal 4 effective 7 November 2017.

All AirAsia flights scheduled for that day will arrive at and depart from Terminal 4. Departing and arriving flight schedules will not be affected by the move.

Published in GENERAL
Monday, 23 October 2017 10:06

Car Loan Approval Rates Remain Steady

With reference to the article in a local publication titled “High car bookings, but 60% loan rejection rate”, The Association of Banks in Malaysia (ABM) refuted the said allegations.

Based on feedback from amongst the eight commercial banks that offer hire purchase financing, it has been observed that approval rates for loans to purchase cars in 2016 stood at approximately 68% of the total number of applications received. 

Published in GENERAL

Trive Property Sdn Bhd (TPSB), has inked an Memorandum of Understanding with Tenaga Meriah Sdn Bhd (TMSB), to formalise the understanding for its appointment as the Turnkey Contractor (Design, Built & Completion Handover) for an SPNB affordable housing development project in Kuala Lumpur with Gross Development Value of RM1.1 billion.  

TPSB is a wholly-owned subsidiary of Trive Property Group Bhd, which is listed on the Main Market of Bursa Malaysia. 

Published in CORPORATE

Standard Chartered Bank Malaysia (the Bank) was conferred six accolades at the inaugural BENCHMARK Wealth Management Awards: Affluent Banking Malaysia 2017.

The Bank swept the “Campaign of the Year”, two “Best-in-class” and three “Outstanding Achiever” awards from the Affluent Banking Product, Good Governance, and Marketing and Branding categories.

Published in GENERAL

pitchIN has further validated the attractiveness of equity crowdfunding (ECF) to Malaysian investors by becoming the first ECF platform to reach double digits numbers for successful deals in a year. 

Having launched its first ECF deal in May 2016, pitchIN has powered its way into becoming Malaysia’s leading ECF platform with a slew of eye catching successfully funded deals.

Published in GENERAL
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