As Malaysians, we pride ourselves for having one of the highest annual public holiday, and it's a benefit that we can enjoy living in a multi-racial country celebrating many sort of festivals throughout the year. However, according to 2017 Expedia Vacation Deprivation Study, almost two third of Malaysians surveyed said they are vacation-deprived.
Only a mere 37 per cent of Malaysians took all their entitled leaves despite the recent increase in annual leaves to 18 days while 52 percent of Malaysian employees reported that they cancelled their vacation plans due to their work.
AXA Affin General Insurance Berhad (AAGI) has launched a motor insurance add-on to provide e-hailing drivers with a comprehensive 24/7 protection and peace of mind named AXA SmartDrive-Sharing.
E-hailing services have been growing rapidly in Malaysia, with 180,000 drivers operating in the country.
RAM Credit Information Sdn Bhd (RAMCI) has inked a Memorandum of Understanding with Selangor and Federal Territory Engineering Motor Parts Traders Association (EMPTA) members, to mark the collaboration on a common framework to protect and enhance the welfare.
With this agreement, RAMCI will now provide EMPTA members with critical business and credit information via RAMCI’s Credit Track, a web-based online system accessible 24/7, to assist them to effectively manage their credit risk.
OCBC Bank Malaysia Bhd has introduced a distinct high net worth individual (HNWI) category to its premier banking platform with the launch of OCBC Premier Private Client (PPC), a service for those with assets under management (AUM) of RM3 million and above.
According to OCBC Malaysia head of consumer financial services Lim Wyson, PPC, which sits within the broader OCBC premier banking framework, rides on the momentum generated in the past four years when the bank doubled both its premier banking and HNWI customer base.
Wilmar International Limited and the Malaysian Palm Oil Certification Council (MPOCC) are joining hands to assist all of Wilmar’s suppliers in Malaysia to obtain the Malaysian Sustainable Palm Oil (MSPO) certification by the end of 2019.
Over 260 million suppliers covering more than 55 per cent of the entirety of mills in Malaysia are expected to benefit from this partnership.
Mythas Legacy Sdn. Bhd. and First Avenue Partners (Asia) Sdn. Bhd. launched its Love Harbour Melaka project with a target revenue projection of RM32 million in the first year.
The organisation expects great fortune as the revenue projection for the following year is expected to rise to RM48 million and up to RM72 million the year after.
Syarikat Takaful Malaysia Berhad (Takaful Malaysia) launched an online sales portal called “Click for Cover” as a beginning of its venture into digital insurance.
The launch also witnessed the signing of a memorandum of agreement with Fusionex International, a market leader in data technology, analytics and AI and ReMark International, a digital marketing specialist company. Collaboration agreements for online distribution with Lembaga Tabung Haji (LTH) and Bank Islam (BIMB) were also signed to introduce online Takaful products to depositors of LTH and customers of BIMB.
CIMB Bank Berhad and CIMB Islamic Bank Berhad have introduced the Cross-Border Solutions, which enables customers with CIMB accounts in Malaysia and Singapore to enjoy cross-border banking experience.
With their CIMB conventional or Islamic accounts in both countries, they are able to conduct cross-border banking seamlessly between Malaysia and Singapore, to provide convenience for transactions like fee-waived fund transfers, preferential forex rates for online transfers and bill payments.
Despite weak consumer sentiment, disruption in e-commerce and the opening of more new malls in Klang Valley, Sunway Pyramid registered a growth of 5 per cent year-on-year (Y-O-Y) in car count, its highest traffic arrival in its 20 years of operation in 2017.
The mall has approximately 10,000 parking bays integrated with Sunway Resort Hotel and Spa, Sunway Pinnacle and other Sunway business units nearby.
Petroliam Nasional Bhd (Petronas) saw its net profit jumped for its financial year ended December 31, 2017 by 91 per cent at RM45.5 billion, compared to RM23.8 billion recorded in 2016.
The increase was achieved on the back of higher revenue, lower net impairment on assets and well costs and continuous efforts to optimise costs in 2017.