Payments Network Malaysia Sdn Bhd (PayNet) has appointed AmBank (M) Berhad as the cash management bank for its Direct Merchant Settlement (DMS) services. DMS is made possible using AmBank’s Electronic Invoice Presentment and Payment (EIPP) system.
With the implementation of DMS, FPX and MyDebit merchants’ daily sales proceeds can now be paid directly, without passing through the acquirers’ bank accounts; thereby reducing the merchants’ risk exposure to acquirers.
Nestlé (Malaysia) Bhd has announced the appointment of a new Chief Executive Officer (CEO) for the company, effective as of December 1st 2018.
The current CEO, Alois Hofbauer, has decided to leave the Nestlé Group to pursue other interests outside the company.
Technology and Talent Platform Innovator, Prestariang Bhd registered a higher revenue of RM55.9 million for its second quarter results (2QFY18) ended June 30, 2018.compared to RM55.2 million recorded in previous year corresponding quarter.
The higher revenue of RM0.7 million or 1% increase was mainly contributed by Concession revenue of Sistem Kawalan Imigresen Nasional (“SKIN”) project. The revenue was recognised based on the stage of completion at the end of the reporting period. The stage of completion is determined by reference to the proportion of costs incurred for work performed to date over the estimated total costs.
AEON Credit Service (M) Berhad announced its financial results for the second quarter ended 31 August 2018 (“2QFY19”) posting RM332.1 million in revenue, a marginal increase of 6.7% as compared to RM311.3 million recorded in the preceding year’s corresponding quarter ended 31 August 2017 (“2QFY18”).
Accordingly, both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) posted an increase of 11.9% at RM107.2 million and 13.0% at RM80.6 million respectively for 2QFY19 as compared to RM95.8 million and RM71.4 million recorded for 2QFY18.
Former Bank Negara governor Tan Sri Dr. Zeti Akhtar Aziz has been chosen as the 2018 Royal Award for Islamic Finance recipient yesterday.
Sultan Nazrin Muizzuddin Shah, the Sultan of Perak and the Royal Patron for Malaysia’s Islamic Finance initiative conferred the Royal Award for Islamic Finance 2018 (The Royal Award) to Zeti yesterday at the award presentation ceremony which was held in conjunction with the Global Islamic Finance Forum 2018 (GIFF 2018) in Kuala Lumpur.
MBSB Bank, Public Islamic Bank, and Bank Rakyat are leading the charge for a future-ready Islamic finance workforce in Malaysia.
According to the Islamic Banking & Finance Institution Malaysia (IBFIM), the three banks have invested more than RM3 million to upskill close to 5,000 talents as they seek to ensure employees’ skills remain relevant, as the industry and complexity of Shariah issues evolve.
Malaysia Airlines and Jet Airways announced its codeshare agreement expansion, offering guests a wider network of destinations covering new routes with departures from Mumbai and Hyderabad to cities in India as well as Southeast Asia destinations including Hong Kong, Bangkok and Singapore, effective 24 September 2018.
Global smartphone brand OPPO announced its crossover project with Shiseido.
As part of the collaboration between both brands, a OPPO F9 X Shiseido Starry Purple limited edition gift box was made available to Malaysian consumers.
CIMB Bank Berhad (CIMB Bank) has introduced Quick Response (QR) Payment Acceptance at CIMB terminals, a first- in-the market QR payment acceptance to accept Six major mobile wallets on one terminal.
The six mobile wallet partners to be accepted on CIMB terminal are Alipay, Touch & Go Digital, Boost, KiplePay, Mcash, and Vcash, and these six mobile wallets have a combined estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese users.
In the tradition of delivering an exceptional automotive experience to customers, Mercedes-Benz Malaysia Sdn Bhd (MBM) together with authorised dealer Hap Seng Star (HSS) has launched the Mercedes-Benz Certified Pre-owned Centre by Hap Seng Star
Kinrara. With an investment of RM41.6 million, Mercedes-Benz Certified Pre-owned Centre by Hap Seng Star Kinrara reflects the combined efforts of principal and authorised dealer to provide customers with more options and forging greater connection to a wider customer audience for Mercedes-Benz vehicles.
