Items filtered by date: March 2018

Petronas, via its wholly owned subsidiary Petronas Hartabina Sdn. Bhd. signed a Share Sale and Purchase Agreement (SPA) for the sale of Petronas’ 100% interest in Prince Court Medical Centre (PCMC) to Khazanah Nasional Berhad, via its wholly owned subsidiary Pulau Memutik Ventures Sdn. Bhd.

“Petronas is pleased to witness PCMC’s recent transformation in becoming a self-sustaining and profitable organisation with strengthened financials and solid operational foundation. 

Published in CORPORATE

United Malayan Land Bhd (UMLand) continues to expand its international presence through its latest involvement in The Apartment: Passion for Design reality competition show for the second consecutive year, as one of the major sponsors. 

The Apartment, which is the premier design competition show in all of Asia, is a highly addictive television series showcasing passionate amateurs who must brave razor-thin budgets and exacting time-frames to create stunning one-of-a-kind rooms in developments throughout South-East Asia – all under the watchful eyes of International Design Superstar and Principal Judge Laurence Llewelyn-Bowen. 

Published in GENERAL

The Institute of Chartered Accountants in England and Wales (ICAEW) expects Malaysia’s gross domestic product (GDP) to rose at 5.2 per cent in 2018, easing slightly from a 5.9 per cent close in 2017 on the back of slightly tighter credit conditions and moderation in export growth. 

Institute of Chartered Accountants in England and Wales (ICAEW) Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said he 2018 outlook will be determined more by the health of Malaysia’s import partners and global trade dynamics.

Published in CORPORATE

Columbia Asia Group, one of the largest and fastest growing healthcare companies in Asia, today announced that it has received additional equity investment of USD210 million, primarily from existing shareholders. 

The fresh funds will be used primarily to build new hospitals and deepen the level of specialty care in existing facilities.

Published in CORPORATE

The ASEAN Capital Markets Forum (ACMF) welcomed the progress achieved by the ASEAN Green Bond Standards at its meeting. 

Since its launch in November 2017, the ASEAN Green Bond Standards have gained encouraging traction and there have been three issuances from Malaysia and Singapore carrying the ASEAN Green Bond label.

Published in MARKETS

MAN Truck and Bus (M) Sdn Bhd (MAN) has handed over 13 MAN TG WW series trucks to Taipanco Sdn Bhd (Taipanco), a leader in the local haulage industry, making up a total of 43 MAN TGS 28.440, 6 x 2 prime movers in Taipanco’s fleet since 2016.

 The new trucks will help Taipanco, whose core business is in container transportation, to provide efficient and reliable services to move containers for its clients. Based in Port Klang, Taipanco is one of the largest container transportation operator servicing Northport and Westport.

Published in GENERAL
Tuesday, 20 March 2018 13:56

Keeping Data Safe for Industry 4.0 

While Industry 4.0 has been at the forefront of driving innovation and business, it has also presented a new dimension of challenges on managing operational cyber risks, be it smart factories or smart devices.

Given the highly interconnected nature of Industry 4.0, there is a need for organisations to take a very strategic outlook to manage security and privacy issues.

Published in GENERAL

Interbase Resources Sdn Bhd (IRSB), Malaysia’s pioneering e-commerce giant and owner of, today announced the relaunch of Lmall (, offering Malaysian online netizens an enhanced premium shopping experience that guarantees 100% authentic products.

Lmall achieves this by curating its brands on a by-invitation basis and requiring them to be based in Malaysia, ensuring a strong local presence that translates to genuine products, local warranty fulfilment and speedy delivery for customers. The marketplace currently houses over 100 world renowned brands that include Nestle, Dolce Gusto, Philips, Bosch, Acer and 3M.

Published in GENERAL

Affinbank Group (Affin) has recently signed an agreement with the Asian Banking School (ABS), the preferred industry provider of premium capability development programmes for financial institutions, for a customised programme for Operational Risk Review and Scenario Analysis awareness and implementation.

Published in GENERAL
Monday, 19 March 2018 12:08

PNB Turns 40

Forty years after its establishment, Permodalan Nasional Bhd (PNB) is today the largest fund manager in Malaysia with funds worth RM279 billion. 

“Out of this, 98% of our funds are invested locally to create business and economic opportunities for Malaysians. This includes providing equal opportunities to Bumiputera professionals in the corporate sector,” said its group chairman Tan Sri Abdul Wahid Omar.

Published in GENERAL
Page 4 of 12