Sunway Hotels & Resorts, the hospitality division of leading Malaysian conglomerate, Sunway Group, announced that its 351-room Sunway Velocity Hotel will open its doors for operations today, on 20 September 2017.
Upon opening, the mid-market hotel will be the only transit-oriented, and the only integrated hotel within the Cheras vicinity.
The Hotel, with a gross development cost (GDC) of RM 146 million, is a 59:41 joint venture project between Sunway Berhad and Fawanis Sdn Bhd respectively.
Malaysian Global Innovation & Creativity Centre (MaGIC) today announced a strategic partnership with 17 Southeast Asian entrepreneurship community builders; together with MaGIC these partners will form ASEAN Activate, an extension of the MaGIC Activate platform at a regional level.
ASEAN Activate is a new initiative from MaGIC’s Corporate Entrepreneurship Responsibility (CER) arm that aims to create a concerted effort in helping Southeast Asia drive its innovation agenda forward. It aims to do so in four key ways: establishing a regional CER network; facilitating cross-border partnerships and deals; providing a regional market access for entrepreneurs and startups; and fostering a united ASEAN innovation ecosystem.
AirAsia continues to widen the ASEAN connectivity with the inaugural flight of its 54th unique route to Nha Trang, Vietnam that flies daily directly from Kuala Lumpur. The maiden flight also marked another milestone for the carrier as AirAsia is the first airline to operate direct flights to Nha Trang from Malaysia.
The inaugural flight recorded a positive flight load of 93%. A grand receiving ceremony was held at the Cam Ranh International Airport to celebrate the arrival of flight AK204 in Nha Trang. Upon arrival, the aircraft was greeted with a water cannon salute. Guests on board the inaugural flight included Dato’ Fam Lee Ee, Board of Directors for AirAsia Berhad; Spencer Lee, Head of Commercial for AirAsia Berhad; as well as group of Malaysians, Australian and Singaporean media who participated in a familiarisation trip to explore the ASEAN treasure of Nha Trang.
Boutique property developer, Puchong Kinrara Development (PKD), has rebranded itself as Meraki Land Sdn Bhd following its new partnership with a fund managed by PGIM Real Estate.
PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).
Premium boutique developer Bön Estates Sdn Bhd has achieved a major milestone with the appointment of reputable construction firm Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Berhad as the main contractor for its popular “The Estate” luxury project in South Bangsar.
Signed the deal worth RM291 million yesterday at Bon Estates Office in Bangsar, it brings the total outstanding orderbook of Kerjaya Prospek to RM3.15 billion. This project marks Kerjaya Prospek’s seventh contract award for the year and brings the year-to-date contract wins to RM1.16 billion.
Smart entrepreneurship, social community and big data were the key topics driving the Exact Hackathon held at the Exact Asia Development Centre (ADC) recently, bringing together eight teams of students from six institutions of higher learning in Malaysia and with the support of Malaysia Digital Economy Corporation (MDEC).
Held from 13 to 15 September 2017, the challenge which involved 48 hours of continuous hacking, was part of the second annual Exact Global Hackathon that took place simultaneously in five different locations (Delft, Dublin, Kiev, Kuala Lumpur and Minneapolis) around the world.
CIMB Group announced that the CIMB ASEAN Stock Challenge has returned for the eighth year for undergraduate teams from Malaysia, Indonesia, Singapore, Thailand, Cambodia and Brunei, which is a new country added for this year.
The competition would challenge students to demonstrate their investment and analytical skills by trading with US$80,000 of virtual start-up capital across five major stock exchanges in the region i.e. Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange, the Stock Exchange of Thailand and the Hong Kong Stock Exchange. The Regional Champion will be crowned at the Grand Finale, to be held at the Indonesia Stock Exchange in Jakarta. A total of US$40,000 in prize money will be awarded to the winners of the National and Regional Rounds of the competition. The Regional Champion team will also be awarded a study trip to the Tokyo Stock Exchange.
Berjaya Food Berhad (“BFood”) registered a higher revenue and pre-tax profit of RM154.39 million and RM8.76 million respectively in the current quarter ended 31 July 2017 as compared to a revenue of RM141.37 million and pre-tax profit of RM7.45 million reported in the previous year’s corresponding quarter. The increase in revenue and pre-tax profit were mainly due to additional cafes operating in the current quarter.
Malaysia shared the experience in facilitating Malaysian SMEs during the 24th APEC Small and Medium Enterprises (SMEs) Ministerial Meeting. The meeting takes place in Ho Chi Minh City, Vietnam from 10-15 September, with the theme “Strengthening MSMEs Competitiveness and Innovation in the Digital Age”. Twenty one Ministers of APEC member economies participated in the meeting. Malaysian delegation is led by YB Datuk Chua Tee Yong, Deputy Minister of International Trade and Industry Malaysia.
During the meeting, YB Datuk Chua Tee Yong presented a paper on “Riding the Wave of Change: Growing Beyond Borders”, which covers the emergence of megatrends, its direct and far-reaching impact on SMEs, as well as challenges that should be overcome by SMEs.
Kuala Lumpur, September 15, 2017: Google Malaysia recently held its second Agency Quiz Night which saw Performics emerging as the grand prize winner. The marketing agency took the top spot on the scoreboard, granting them the winner’s trophy, bragging rights and substantial Google schwag. Following very closely behind were content agency Mediacom and marketing agency Omnicom, who fought hard for second and third place, respectively.