Malaysian Business

Malaysian Business

EOS Systems Sdn Bhd recently became the first official merchant acquirer appointed by Hong Leong Bank Berhad (HLB) for WeChat Pay, a cashless payment system for online and in-store transactions within China’s top messaging app, WeChat.

Homage, the caregiving services platform that melds qualified care professionals with smart technology to provide on-demand home caregiving for seniors, officially launched in Malaysia.

The company is rolling-out its solution in Kuala Lumpur and selected areas in Selangor, with a view to expand to other states in Malaysia in the near future.

Realme Malaysia, a smartphone brand dedicated to creating high-quality experiences for young people, is partnering with Lazada, Southeast Asia’s online shopping destination, for its upcoming Super Brand Day.

The single brand’s shopping event on February 27 brings delight to customers with Realme products at reduced prices with exclusive gifts for one day only.

Web Bytes Sdn Bhd , a homegrown software development company announced its expansion to more ASEAN countries with Xilnex, its cloud-based point-of-sale (POS) retail management solution, through its collaboration with GD Express Carrier Bhd (GDex).

GDex holds a 30 per cent stake in Web Bytes.

Colony, Malaysia’s luxury coworking space and serviced office provider has officially launched their third location in the heart of Malaysia’s largest rail transportation hub, KL Sentral.

Strategically located atop Grade ‘A’ MSC status Q Sentral, this 15,00 sq ft space is the most opulent office the group has ventured to date.

Wednesday, 20 February 2019

Pheim celebrates 25 year anniversary

Asset management firm Pheim Asset Management Sdn Bhd celebrated its 25-year track record of delivering outstanding and consistent returns.

Malindo Air has introduced new fare benefits to its economy class passengers by adjusting the checked baggage allowance of its Value and Flexi fare options, with effect from 15 February 2019.

The baggage allowance for Value fare option is now 15kg, and 30kg for Flexi fare option, from 25kg previously for both fare options. The baggage allowance for Business Class and its ATR flights remain as 40kg and 15kg respectively.

“The business rationale to the adjustment is to keep up with the industry changes and passengers’ demand. This option allows passengers who are cost-sensitive to enjoy more competitive airfare with services that fit their needs.

“We want to keep our products relevant to the market and bring better flying experience to our passengers,” Malindo Air chief executive officer Chandran Rama Muthy.

The airline will honor passengers who have made a booking before February 15 and flying on or after February 15 to enjoy the original baggage allowance upon booking, as reflected on their flight itinerary.

Passengers may top up additional baggage allowance during the booking process, through “Manage My Booking”, Malindo Air ticketing offices, customer care centre and the airline’s preferred travel agents.

Axiata Group Berhad via its wholly-owned subsidiary, Axiata Investments Singapore Limited has accepted the voluntary conditional general offer by Konnectivity Pte. Ltd, for the Group’s entire stake in M1 Limited for a total cash consideration of approximately RM1.65 billion at the offer premium price of SGD2.06 based on terms stipulated in the Offer documents dated 7 January 2019. 

The Group will effectively divest its 28.7 percent stake in M1 and exit its investment in Singapore with an estimated gain of RM126.5 million from this deal.

BMW Group Financial Services Malaysia introduced Easy Drive, an innovative and flexible financing solution to make Sheer Driving Pleasure more accessible.

Maxis Berhad released its results for financial year 2018, delivering stable performance with healthy EBITDA.

Despite challenging market conditions, the year saw Maxis turning in continued strong growth and leadership in postpaid, stabilising prepaid and growth in fibre. Profit After Tax (PAT) was impacted by one-off costs in Q4, associated with the launch of a new strategy to become a converged communications and digital services company in both the fixed and mobile markets.

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