Items filtered by date: March 2018

Cuckoo Malaysia, a South Korea home appliance brands division, expects its good momentum to continue on in 2018.

Last year, the company enjoyed a spectacular year since its inception in 2014 as sales exceeded its target by 106% with a total accumulated revenue of RM200 million.

Published in GENERAL

Agrobank welcomes the Ministry of Agriculture & Agro-Based Industry’s (MOA) initiative to focus on women empowerment issues in 2018, in line with the Government’s announcement in January 2018 that the year 2018 is the Women Empowerment Year.

Datuk Seri Ahmad Shabery Cheek, Minister of Agriculture & Agro-Based Industry recently announced that the concept for Malaysia Agriculture, Horticulture & Agrotourism 2018 (MAHA 2018) is “All About Women’ (Segalanya Wanita).  MAHA 2018 will highlight and showcase women in agriculture as the core focus of the programme.

Published in GENERAL

The Coca-Cola Company recently announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030.

This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that includes ongoing work to make packaging 100% recyclable. This begins with the understanding that food and beverage containers are an important part of people’s modern lives but that there is much more to be done to reduce packaging waste globally.

Published in FEATURES
Wednesday, 07 March 2018 17:00

Malaysia Aims Rm 200 Billion For 2018

Malaysia is targeting to achieve RM 200 billion of approved investments for 2018 in the manufacturing, services and primary sectors.

Malaysian Investment Development Authority (MIDA) revealed projects with investments totalling at RM 69.6 billion already in the pipeline by January 31 coming from manufacturing and manufacturing related services projects. 

Published in CORPORATE

In conjunction with the opening of POC2018, 

Bursa Malaysia has introduced new enhancements to further strengthen Crude Palm Oil Futures Contract (“FCPO”). These enhancements to the FCPO contract specification, effective since 26 February 2018, are as follows: 

Published in MARKETS

Hong Leong Bank Berhad (HLB) signed a strategic partnership agreement with Credit Guarantee Corporation Malaysia Berhad (CGC), to participate in their Portfolio Guarantee (PG) scheme to offer financing of up to RM200 million to Small and Medium Enterprises (SMEs). 

According to Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB, the Bank recognizes the important role that SMEs play in the growth and progress of the country and its economy. 

Published in GENERAL

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have launched the 1-Minute Home Financing as part of CIMB’s InstaApproval platform. 

The CIMB 1-Minute Home Financing facilitates complete approval within a single minute upon full submission of information and documents, enabling a faster, secure, paperless and hassle-free home ownership journey for customers. 

Published in GENERAL

The Association of Banks in Malaysia (ABM) reiterated that its member banks, which comprise the commercial banks operating in Malaysia, have remained supportive towards providing housing loans to eligible house buyers including the first-time house buyers and affordable segments.

This can be evidenced by robust overall loan approvals from the banks worth RM161 billion for house financing to more than 375,000 borrowers in 2017. It is clear that financing remains available for eligible borrowers as 71% of housing loan borrowers are first-time owners of affordable homes. This was further reinforced by housing loan approval rates of 73% in 2017.

Published in GENERAL
Tuesday, 06 March 2018 14:16

Merchantrade receives approval for e-KYC

Merchantrade Asia Sdn Bhd has received approval from the MSB Regulation Department of Bank Negara Malaysia (BNM) to implement the electronic Know-Your- Customer (e-KYC).

In the statement, it says that the implementation of e-KYC will be integrated with eRemit, its award winning remittance online portal and mobile app.

Published in GENERAL

Global dairy nutrition company Fonterra today announced the appointment of Vidya Sivaraja as the new managing director of Fonterra Brands Malaysia and Singapore.

Vidya joins from Fonterra’s Sri Lanka business where she was the General Manager of Marketing and Emerging Markets. Prior to that, she held regional and global roles within the business – working across more than 14 countries.

Published in GENERAL
Page 9 of 12