Eco World International Bhd's 70 per cent-owned UK joint venture, EcoWorld London, has secured a deal with North American Pension Fund for a development with a value of nearly £400 million. 

EcoWorld London has agreed terms with Invesco Real Estate and its investors to forward fund the development of more than 1,000 new Build to Rent (BtR) homes on two sites in Kew and Barking.
EcoWorld London will complete the construction of the developments and will then undertake the long-term management of the assets on their behalf.

Canon Marketing Malaysia Sdn Bhd introduces the Océ Colorado 1640, the first 64-inch roll-to-roll large format printer which uses Canon’s new UVgel technology to deliver exceptional productivity for high quality indoor and outdoor graphics. 

The Océ Colorado 1640 has been engineered to provide customers with high quality prints, fast printing speed, lower cost of operation, automated maintenance and ability to print on a wide range of media.

AirAsia has gained 20 million BIG Members globally, a major achievement for its BIG Loyalty Programme.

AirAsia have received an average of 500,000 sign-ups per month for the loyalty programme, with the top five markets with the largest member bases being Malaysia (3.6 million members), China (2.3 million), Thailand (2.1 million), Indonesia (1.4 million) and India (1.1 million).

CIMB Group Holdings Berhad reported a record net profit of RM3.29 billion in the first half of 2018 (1H18).

It is bolstered by a gain from the sale of 20% of CIMB-Principal Asset Management (CPAM) and 10% of CIMB-Principal Islamic Asset Management (CPIAM) amounting to RM928 million and this raised the Group’s 1H18 Return On average Equity (ROE) to 11.5%, and reduced its Cost-to-Income Ratio (CIR) to 46.1%.

Tune Protect Group Berhad posted its Gross Written Premiums (GWP) of RM122.1 million with Operating Revenue (OR) of RM141.3 million and Profit After Tax (PAT) of RM13.4 million for the second quarter of 2018.

The Revenue increased to RM141.26 million while the PAT for 1H2018 recorded an 18 per cent increase year-on-year to RM31.7 million which was attributed to increased underwriting profits by 42 per cent year-on-year, from lower net claims and reduced management expenses.

Tealive operator Loob Holding Sdn Bhd and Chatime Taiwanese owner La Kaffa International Co Ltd have reached an out-of-court settlement on all disputes arising from the Chatime bubble tea brand.

In a joint press statement, they said the settlement agreement was executed yesterday resulted in both parties agreeing to withdraw all proceedings in Malaysian courts as well as arbitration in Singapore.

Organised by the National ICT Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC), #MYCYBERSALE 2018 is happening from September 3 to 7.

This year, almost 70 per cent of the participating merchants comes from Small Medium Enterprises (SMEs).

Industrial Park Forum for Southern Region was held to address the needs to develop the next generation of industrial parks in Malaysia.

Industrial Park developers are urged to create substantive systemic change to ensure the enhancement and redevelopment of industrial parks in the country are sustainably met.

Hong Leong Financial Group Berhad (HLFG) announced its final results for the financial year ended 30 June (FY18).

Group profit before tax grew 15.8% year-on-year (y-o-y) to a record RM3,579 million, with strong contributions recorded from our commercial banking and insurance businesses, whilst net profit after tax and minority interests came in at RM1,907 million, up 26.6% y-o-y.

The Malaysian Business Sentiment Survey 2018/2019, conducted by Monash University Malaysia in collaboration with CPA Australia and Global Asia in the 21st Century Research Platform, gathers the opinions, voice and feelings of the country’s business leaders. 

The survey highlights concerns that could potentially affect businesses seeking growth through investments in existing products and services in new markets and these findings merit attention if Malaysia is to remain competitive in a global economy without borders.