The Pengerang Integrated Complex (PIC), Petroliam Nasional Berhad’s (PETRONAS) largest downstream investment, created history by achieving the highest safe man-hours of 120 million, entering the Malaysia Book of Records under the “Human Achievements” category.

The incident-free man-hours was clocked from 18 March 2018 to 5 November 2018.

Permodalan Nasional Berhad (PNB) has announced the income distribution of Amanah Saham Nasional Berhad’s (ASNB) unit trust fund ASN Imbang (Mixed Asset Balance) 1 (ASN Imbang 1, formerly known as Amanah Saham Nasional 3 Imbang), for the financial year ending 30 November 2018.

The income distribution for the unit holders of ASN Imbang 1 is 4.75 sen per unit, amounting to a total payout of RM61.8 million, which will benefit over 46,000 unit holders with 1.30 billion units.

Agrobank signed two memorandums of understanding (MoUs) with Mydin Mohamed Holdings Berhad (Mydin) and Pertubuhan Peladang Kebangsaan (PPK) Kuala Langat last week.

The signing were witnessed by Datuk Salahuddin Ayub, Minister of Agriculture & Agro-Based Industry and Tan Sri Mohamad Zabidi Zainal, Chairman Board of Directors of Agrobank and guests in conjunction with Malaysia Agriculture, Horticulture and Agrotourism Show 2018 (MAHA 2018) organised by Ministry of Agriculture & Agro-Based Industry (MOA).

UMW Holdings Bhd’s Group profit before taxation (PBT) jumped more than tenfold while revenue increased by 23.5%, arising from improved contributions from all three of its core businesses.

The Automotive segment successfully capitalised on positive consumer sentiment during the Goods and Services Tax (GST)-free period; while the decision to focus on more urbanised sectors in the Equipment segment led to higher sales with increased demand in the construction sector.

The RM208mil acquisition of Aeon Mall Kinta City in Ipoh by Main Market listed KIP Real Estate Investment Trust will boost the fund’s asset under management (“AUM”) to a whopping RM834.9mil and yield in the coming years.

With an AUM size of RM614.93mil as at September 30, 2018, this is KIP REIT’s first asset purchased since its listing in February 2017 and the largest in terms of net lettable area and market value.

edotco Malaysia and Huawei Technologies (Malaysia) signed a Memorandum of Understanding (MoU) for the implementation of Digital Mobile Network Solutions to deliver next generation telecommunication solutions to mobile network operators (MNOs).

Under this collaboration, MNOs are set to benefit from a full spectrum of indoor and outdoor mobile network solutions.

GE Malaysia announced the results of the 2018 GE Global Innovation Barometer, titled “From Chaos to Confidence: Emerging Players, Emerging Technologies, Emerging Challenges,” the study explores how business leaders perceive the barriers to and opportunities for innovation in a complex global environment.

"This year’s Global Innovation Barometer reveals that despite facing significant and complex challenges, business leaders in Malaysia are feeling more confident when it comes to driving growth through innovation.

AIA Bhd. revealed the results of the Malaysia’s Healthiest Workplace by AIA Vitality 2018 survey has found an increasing prevalence of mental health issues in the workplace with 50.2 per cent of employees having reported at least one dimension of work-related stress.

The findings demonstrate that Malaysia continues to be affected by productivity loss in the workplace that is attributed to significant absence and presenteeism in its workforce.

PETRONAS Dagangan Berhad (PDB) introduced Setel, the first e-payment solution for fuel purchases directly from mobile devices on 28 November 2018. Setel is a customised solution designed to integrate directly to the fuel pumps – the first in Southeast Asia – enabling customers to purchase fuel within a few clicks directly in the comfort of their vehicles.

“Pumping fuel shouldn’t be a chore. Currently, the payment process involves walking to cashier, waiting in line, a RM200-hold on your cards, and having to use a separate card to earn loyalty points. Setel eradicates these pain points and integrates payment and loyalty benefits in a seamless, frictionless experience. At Setel, we settle for you!” said Iskandar Ezzahuddin, Head of Setel.

Microsoft has pledged to provide 15,000 university students with internship opportunities, deliver digital skills training to 2.2 million SME employees, and to hire 8,500 digital workers by 2020 across ASEAN. The pledge was announced following the launch of the ASEAN Digital Skills Vision 2020 – an initiative that pledges to equip 20 million ASEAN workers with digital skills and opportunities in the next two years.

The ASEAN Digital Skills Vision 2020 was launched during the World Economic Forum (WEF) 2018 meeting in Vietnam. It aims to address the employment and skilling challenges brought about by the Fourth Industrial Revolution. The initiative will offer ASEAN citizens internship opportunities, training in digital skills and employment. It also enables students and the public to visit offices of technology companies to learn about the jobs of the future. The initiative hopes to increase the number of people trained and hired in digital skills, and to help business leaders understand and learn how other companies in the region prepare their workforce to be digital-ready.