Malaysian Business

Malaysian Business

Malaysian Global Innovation & Creativity Centre (MaGIC) launched the MaGIC Amplify Accelerator aimed at increasing and intensifying the impact of already-accredited and non-accredited impact driven enterprises (IDEs) or social enterprises (SEs) in Malaysia.

This inaugural six-week programme provides capacity building access to existing IDEs through mentorship, upskilling programmes and necessary resources to amplify the impact of their solutions to society and the environment.

BMW Malaysia today handed over a fleet of BMW 5 Series Hybrid with eDrive Technology to Tenaga Nasional Berhad (TNB) to be utilised at the upcoming Conference of the Electric Power Supply Industry (CEPSI) 2018.

The fleet will be utilised as the official cars at the landmark conference, taking place from 17th to 22nd September 2018 at the Kuala Lumpur Convention Centre in which BMW Malaysia is the Official e-Mobility Partner.

Tourism development will continue to be given due attention by the Pakatan Harapan (PH)-led government in view of the industry's significant contribution to the nation's economy, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said.

She said the industry had become the second largest foreign exchange earner for the country with 25.9 million tourist arrivals and RM82.2 billion in tourism revenue last year.

Southeast Asia’s first robot for material handling, inventory management, metal bending and metal cutting became the highlight of a visit by Johor State International Trade, Investment and Utility Committee Chairman Jimmy Puah Wee Tse to a foreign-owned factory in Frontier Industrial Park here.

Puah had stopped by Hup Fatt Brothers Engineering Sdn Bhd (HFBE) during his working visit last week to Frontier, a pioneer in the Gated, Guarded and Regulated (GGR) concept in Desa Cemerlang developed by WB Land Sdn Bhd.

Standard Chartered Saadiq Bhd is on the right track to being a digital bank with a human touch, with nearly half of all its’ clients embracing digital services for their banking needs.

Of Saadiq’s total client base, 45% use digital banking; and of these, 90% of their transactions are done digitally, via online or mobile banking, self-service ATMs and branch straight-through-processing, or branch automation.

As part of Great Eastern Takaful Berhad’s (GETB) Corporate Social Responsibility (CSR) strategy to demonstrate long-term impact in the communities it operates in, the company recently embarked on an initiative that provided Orang Asli villages in Pahang with energy and clean water. 

In collaboration with Saora Industries, the company rallied volunteers consisting of staff and their family members into Kampung Sungai Gabong and Kampung Kepong in Bentong, Pahang to install solar powered lights and water purification systems in the villages.

Agilent Technologies Inc announced that it has been recognised as one of Aon’s Best Employers in Malaysia for 2018. Agilent received the honor from Aon at an award ceremony this week in Kuala Lumpur, Malaysia.

Aon is a leading global professional services firm that provides a broad range of risk, retirement, and health solutions through its flagship program Aon Best Employers.

TDM Bhd announced that it will undertake a debt rationalisation exercise which will involve the full settlement of the outstanding Indonesian Rupiah Notes (“IDR Notes”) held by the Group’s Indonesian subsidiary, PT Rafi Kamajaya Abadi (“PT RKA”).

Under the debt rationalisation exercise, the Group will utilize a USD105 million (equivalent to RM434.3 million based on exchange rate of US$1 : RM4.14) credit facility in the form of a Foreign Currency Revolving Credit-i (“FCRC-i”) Commodity Murabahah to fully settle the Group’s outstanding IDR Notes used for TDM’s plantation operations in Kalimantan, Indonesia.

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) last week announced that its Armada Kraken Floating Production Storage and Offloading (“FPSO”) vessel has been issued with the final acceptance certificate (“Final Acceptance”).

Final Acceptance was completed in accordance with the requirements set out in the bareboat charter contract dated 20 December 2013 (as supplemented by Amendment Agreement Number One, dated 19 August 2016, and Amendment Agreement Number Two, dated 27 August 2018) (“Bareboat Charter”).

Malaysia Airports and Malaysia Design Development Centre (DDEC) has joined forces to launch HIMPUN, a month-long campaign at KLIA.

The aim of this event is to boast the best of Malaysia fashion, craft, delicacies and beauty products to international audience.

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