Items filtered by date: July 2018

Tp-Link unveils their new range of budget-friendly smartphones, the new Neffos X9, C9, C9A and C7A and smart home mesh wifi system to the local market.

Comes in two colours, black and silver, the new Neffos X9 boasts an advanced dual-camera system around the back and large Full-View Display on the front, incorporates them into an attractive polycarbonate body with premium metallic look.

Published in GENERAL

Air Asia highlighted that three incentive schemes highlighted by MAHB, namely the Airlines Recovery Plan (ARP), Airlines Incentive Programme (I) and Airlines Incentive Programme (II), were applicable to all airlines, not just to AirAsia.

The low-cost airline is commenting to the statement titled “Low-cost travel growth in Malaysia boomed in the last decade” made by Malaysia Airports Holdings Berhad (MAHB) on 24 July 2018 claiming AirAsia has benefited from incentives to the tune of RM376 million up until 2017.

Published in GENERAL

The Association of Banks in Malaysia (ABM) and National Cards Group (NCG) reassure the public that the unauthorised contactless transation via POS terminal incident did not occur in Malaysia and that such fraudulent activity is unlikely to happen due to the stringent merchant onboarding process undertaken by the banks and/or financial institutions.

Reference is made to a video circulating on social media platforms recently which features a man using a portable Point-of-Sale (POS) terminal to perform an unauthorised contactless transaction by tapping the POS terminal to the pocket of the cardholder which contains a contactless payment card.

Published in GENERAL

Amanah Saham Nasional Berhad (ASNB), a subsidiary of Permodalan Nasional Berhad (PNB) and fund manager of Amanah Saham Bumiputera (ASB), has advised investors to be vigilant and not to divulge personal details or investment information to any unknown parties.

Chief Executive Officer and Executive Director of ASNB, Mohammad Hussin advised investors not to entertain any calls enquiring on investment details, even if the caller claims to be a bank officer or ASNB officer. “If an investor receives a suspicious call, he or she is advised not to panic and not to make any transactions involving withdrawal of ASB or other ASNB unit trusts. For further information or clarification, the investor should contact the Agent and Customer Relationship Management Department of ASNB at 03-20573000 or contact the police directly to request for a review or lodge report,” said Mohammad.

Published in GENERAL

KIP Real Estate Investment Trust the first hybrid community-centric retail REIT listed on Bursa Malaysia yesterday announced its fourth quarter results ended 30 June 2018 (“Q4FY2018”) with a total revenue of RM16.13 million and a higher profit after tax (“PAT”) of RM12.40 million.

Revenue for the quarter of RM16.13 million was marginally higher than the preceding year’s corresponding quarter ended 30 June 2017 (“Q4FY2017”). Net property income (“NPI”) recorded an improvement of RM252,000 or 2.3% compared to Q4FY2017, which was due to higher rental from promotional events and lower operating expenses.

Published in CORPORATE




Khazanah Nasional Bhd has confirms news reports that all Members of the Borad of Directors including the Managing Director Tan Sri Azman Mokhtar and Executive Chairman Tan Sri Nor Md Yusof have offered to resign from the oard. 

According to a media statement released by the country’s sovereign fund, this is done in order to facilitate a smooth and orderly transition under the new Government.

Published in GENERAL

Trimble Malaysia has launched a modernisation program to drive technology adoption in the construction industry which is in-line with the reaffirmation by the government on the country’s commitment to increase the number of affordable housing for purchase and rental.

The slow uptake of technology by local players in the construction industry over the years has been a pain point, with the cost factor cited by most as a major stumbling block to wide adoption.

Published in GENERAL

Standard Chartered Saadiq Berhad is celebrating its 10th year anniversary in Malaysia, showcasing the continued success of the deep relationship between the nation and the Bank.

Standard Chartered became the first international bank in Malaysia to offer Islamic banking products in 1993, and Standard Chartered Saadiq Berhad was incorporated in 2008 as a full-fledged Islamic banking subsidiary.

Published in GENERAL

FTSE Bursa Malaysia KLCI etf (FBM KLCI etf), Malaysia’s first equity Exchange Traded Fund (ETF) has announced an interim net income distribution of 0.5 sen per unit for the financial year ended December 31, 2018.

Investors are expected to earn income distribution payouts twice a year.

Published in MARKETS
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