Items filtered by date: November 2017

Datuk Seri Ong Ka Chuan, the Second Minister of International Trade and Industry Malaysia and delegation from Malaysia participated in the 21st International Exhibition for Food, Drinks, Hospitality, Food Service, Bakery and Retail Industries (2017 FHC Shanghai) on 14 November 2017. 

Overall, the 2017 FHC registered 2,350 participants from 73 countries and regions. Many participating countries including Malaysia set up their respective national pavilion at this exhibition. In addition, China’s major trading partners such as the United States of America, Italy, France, India, South Korea, Tunisia and Brazil had their promotional booths as well. 

Published in GENERAL

Dewan Bandaraya Kota Kinabalu (DBKK), Dewan Bandaraya Kuala Lumpur (DBKL), Petronas Carigali Sdn Bhd (PCSB) and a number of other organisations have been selected to receive a prestigious award for their use of geospatial technologies to support the country’s vision of Transformasi Nasional (TN50).

The GeoInnovation Award, which was presented by Deputy Minister for Natural Resources and Environment YB Datuk Ir. Dr. Haji Hamim Bin Samuri at the Esri Malaysia User Conference, recognises the creative use of location-based analytics technology in addressing social, economic, business and environmental challenges in their communities.

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Dutch Lady Milk Industries Berhad (Dutch Lady Malaysia) today announces the appointment of Tarang Gupta as its new Managing Director, effective 1 January 2018 and succeeding Saw Chooi Lee who has successfully helmed the company in Malaysia the last three years. 

Tarang is currently the Marketing Director of FrieslandCampina Nigeria Plc, a position he has held since July 2014.  Prior to this, he was the International Marketing Director – Infant & Toddler Nutrition (ITN) for FrieslandCampina AMEA, Singapore from 2010-2014. Tarang, a graduate of Institute for Technology & Management, Bangalore, India, has 16 years of commercial experience, including his tenure with Sara Lee International, Kuala Lumpur.  

Published in GENERAL

Axiata Digital, the digital services arm of Axiata Group Berhad, will extend the services of its Application Programming Interface (API) platform, known as Mobile Internet Fulfilment Exchange (MIFE), to Malaysian businesses as a gateway into the regional marketplace across its footprint countries in ASEAN and South Asia. 

Collaborating with Malaysia Digital Economy Corporation (MDEC) via its Malaysia Digital Hub initiative, the extension of Axiata Digital’s MIFE platform will enhance regional market access for Malaysian businesses consisting of domestic and global tech companies. MDEC’s Malaysia Digital Hub provides start-ups and tech entrepreneurs the connections and dynamic workspace to achieve rapid growth. It also offers incentives for growth to start-ups, investors, global tech companies, accelerators, and talent builders to help businesses achieve scale. 

Published in GENERAL

Legal practitioners are urged to always be ahead of the curve in order for them to discharge their roles responsibly and effectively. This is especially important in the new environment created under the Islamic Finance Services Act (IFSA).

The president of the Association of Islamic Banking Institutions Malaysia (AIBIM) Datuk Mohd Redza Shah Abdul Wahid says the liberalisation of legal sector under the amendments of the Legal Profession Act 1976 and the Legal Profession Rules 2014 will also significantly benefit the Islamic banking industry as it gives more options for banks to choose and retain best legal experts. 

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AirAsia has launched AirAsia Loves Asean, a series of initiatives focused on education, talent development and the economy to celebrate 50 years of Asean. The initiatives comprise the AirAsia Asean University Partnership, Asean Entrepreneurs Day, Asean Journalists Camp and Allstars Exchange Programme. 

Through the university partnership, AirAsia will give tertiary students from across the region the opportunity to intern in various capacities with the airline, with a chance to secure full-time employment upon graduation. 

Published in GENERAL

Lay Hong Berhad,a Bursa Malaysia Main Market listed integrated poultry company, registered a net profit of RM12.2 million for its second quarter financial year ending March 31, 2018 (“2QFY2018”), representing an increase of four times from RM3.5 million in the corresponding period last year. Its revenue stood at RM204.6 million, a 20% increase as compared to RM170.9 million a year ago.

A filing to Bursa Malaysia shows that the increase of revenue and net profit for its year-on-year results for the integrated livestock farming division was mainly due to higher quantity of eggs sold, as well as higher quantity and price of processed frozen products and pasteurized liquid eggs sold in 2QFY2018. For the retail supermarket division, the result was attributable to the opening of 3 additional outlets in Pitas, Ranau and Tambunan.

Published in CORPORATE

CIMB Group Holdings Berhad (“CIMB”) today announced that several magnetic tapes containing back-up data were physically lost in transit during routine operations. Some of these tapes contain customer information of CIMB Bank and its subsidiaries. Following a thorough and ongoing assessment, there is currently no evidence that any of this information has been compromised. The tape data does not contain any authentication data such as PINs, passwords or credit card CVV numbers. 

In adopting a conservative approach to data protection and security, the bank is working with all the relevant authorities and taking all necessary measures to protect its customers. As these are back-up tapes, CIMB still has all customer information. 

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United Malayan Land Bhd (UMLand), an award-winning property developer with more than 20 years of experience in the property sector, announced the completion of Suasana Iskandar Malaysia, the newest upmarket integrated commercial development. 

Strategically located in the bustling city centre of Johor Bahru with close proximity to transportation hubs, Suasana Iskandar Malaysia comprises of Zenith Lifestyle Centre, the first lifestyle hub in Johor City Centre (JBCC); Suasana Iskandar Malaysia, the first and only residential development in JBCC, and the luxurious Amari Johor Bahru, an international hotel brand under the Onyx Hospitality Group.

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Quann Malaysia (formerly known as e-Cop Malaysia), a leading regional cyber security services provider, warns that buyers can anonymously purchase 46.2 million Malaysian mobile users data for merely RM32,000 (estimated at current price).

The warning follows the recent revelation that 46.2 million Malaysian mobile users data was on sale for merely 1 Bitcoin (RM32,000). Last week, samples of list containing Malaysian mobile users data from telecommunication companies from 2014 went on sale. The leak includes postpaid and prepaid numbers, customer details, addresses as well as sim card information – including unique IMEI and IMSI numbers. 

Published in GENERAL
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