Malaysian Business

Malaysian Business

Eco-shop, Malaysia’s leading ultra-affordable household retailer, welcomes the Year of the Snake with its highly anticipated Chinese New Year campaign, ‘Sui Sui Semua Pun Lengkap’. The campaign reinforces Eco-shop’s commitment to providing quality festive essentials at its signature RM2.40 price point, ensuring Malaysian families can celebrate abundantly without compromise.  

The Lunar New Year is a meaningful time to reconnect with family, explore festive destinations, or enjoy a relaxing getaway. In the Year of the Wood Snake, from January 13 to February 2, 2025, Traveloka presents the Blessing Good Deals campaign with offers and discounts of up to 68% on hotels, attractions, flights, and cruises, making this season’s celebrations more rewarding. 

As a homegrown brand, Grab Malaysia continues to make significant strides in Penang, blending technology with economic empowerment and fostering inclusive growth. Since its launch in Penang in 2014, Grab has provided nearly 70,000 local driver- and delivery-partners, including over 350 Persons with Disabilities (PWDs) and more than 2,000 women, with a platform to earn an income through technology-driven solutions.

Monday, 20 January 2025

SC Announces New Board Member

The Securities Commission Malaysia (SC) is pleased to announce the appointment of  Datuk Nik Mohd Hasyudeen Yusoff as a Board Member for a two-year term, effective  15 January 2025. 

Malaysia’s bold economic resurgence and its strategic role as a gateway to ASEAN markets were in the spotlight as Bursa Malaysia Berhad (Bursa Malaysia), in collaboration with CIMB Group and HSBC Malaysia, hosted the highly anticipated Invest Malaysia London 2025. Themed “Malaysia’s Economic Resurgence, Driving ASEAN’s Growth”, the event marked the 60th edition of the flagship capital market conference, attracting global attention to Malaysia’s investment potential.

Taylor’s University is breaking new ground in mental health education with the integration of Extended Reality (XR) and Artificial Intelligence (AI) technologies. Spearheaded by the university’s VORTEX (Virtual Online Future Technology and Extended Reality) XR Lab, these innovations are reshaping psychotherapy education, equipping future professionals with the tools needed to address the evolving mental health landscape.

Throughout 2024, the most common type of security incident faced by companies was related to network protection according to the latest Kaspersky IT Security Economics report. Eighty-eight percent of businesses encountered adversaries attempting to infiltrate their network, while over 60% of companies reported incidents where bad actors executed malicious code within their network or attempted to communicate with compromised systems and take control.

Newcomer juice venture being juice has bagged US$1 million in a seed funding round led by multi-stage venture capital firms 500 Global and BEENEXT. The strategic raise will go towards accelerating the brand’s local and regional expansion plans, with 30 new stores expected to open across Malaysia in 2025, as well as its first overseas outlet in the Philippines this month.

The OTA (online travel agent) platform of Capital A, AirAsia MOVE is pleased to announce the appointment of Manfredi Lefebvre d’Ovidio as its new Executive Chairman, effective immediately, succeeding Datuk Kamarudin Meranun who has been instrumental in shaping AirAsia MOVE into a travel powerhouse in Asean. 

The Ministry of Finance (MoF) has approved the issuance of a digital banking license to YTL Digital Bank Berhad, a joint venture between YTL Digital Capital Sdn Bhd and Sea Limited. The next-generation digital bank, operating as Ryt Bank, has received approval to commence operations from 20th of December 2024. The bank will be launched in phases to the public to ensure a smooth rollout.

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