Malaysian Business

Malaysian Business

Mercedes-Benz Malaysia launched three new models to join their Dream Cars range, the Mercedes-Benz CLS-Class Coupe, the Mercedes-AMG GT C and the Mercedes-Benz E-Class Cabriolet.

“From the seductive design of the Mercedes-Benz CLS-Class, which was the original four-door coupe, to the AMG GT C which adds yet another thrilling facet to the AMG GT family.

Petronas has selected aspenONE Engineering, Petroleum Supply Chain and Supply Chain Management software by Aspen Technology. to achieve asset optimization and maximize profitability at its Refinery and Petrochemical Integrated Development (Rapid) facility in Pengerang, Johor.

Rapid and six major associated facilities that comprise the Pengerang Integrated Complex (PIC) are Petronas’ largest downstream investment in Malaysia to date.

TAG La Technology Sdn Bhd, a company that focuses on helping people to find their misplaced item has successfully secured around RM 755,000 investment from nearly 10 investors through equity crowdfunding platform Crowdplus.Asia, making it Crowdplus.Asia’s tenth successful campaign so far.

The fund was led by Cradle Fund Sdn Bhd (Cradle), Malaysia’s early start-up influencer, incorporated under the Ministry of Finance Malaysia along with TBV Capital, a venture capital investment company that invests in e-commerce and software development companies across Southeast Asia.

iMoney, a leading fintech platform in Malaysia, launched iMoney CreditScore, the first free online tool for Malaysians to check their financial health.

iMoney CreditScore allows users to understand their credit management better through snapshot of financial standing with personalised advices to improve credit health.

Thursday, 23 August 2018

SDB'S Completes The Hub

The Hub in SS2, a commercial development in SS2 Petaling Jaya by developer Selangor Dredging Berhad (SDB), was recently completed and handed over to purchasers.

It is located along the newly-opened Jalan Harapan which has now linked SS2 and its neighbouring residential areas to the SPRINT Expressway near 3 Damansara (previously Tropicana Mall).

Sime Darby Plantation Bhd (SDP) has signed a memorandum of understanding (MoU) today at the China World Summit Wing in Beijing, China with China’s leading state-owned enterprise and supplier of oils and grains, COFCO Group Co. Ltd. (COFCO) to establish new cooperation on downstream applications of palm oil and its related products.

The MoU was signed by Sime Darby Plantation Executive Deputy Chairman & Managing Director Tan Sri Mohd Bakke Salleh and COFCO Chief Executive Officer Patrick Yu, witnessed by the Prime Minister of Malaysia Tun Dr. Mahathir Mohamad, during his five-day visit to China.

PETRONAS Chemicals Group Berhad (PCG) recently launched 10 new brands for its existing and upcoming isononanol, polymer and shale inhibitor products to further strengthen its position as a regional market leader.

The launch was officiated by Deputy Minister of International Trade & Industry, YB Dr Ong Kian Ming and President & Group CEO of PETRONAS, Tan Sri Wan Zulkiflee Wan Ariffin during the official Opening Ceremony of the Asia Petrochemical Industry Conference 2018 (APIC 2018) at the Kuala Lumpur Convention Centre.

Customers of Hong Leong Bank Bhd can start binding their debit cards to WeChat Wallet and use WeChat Pay as an alternative payment option, joining the giant mobile payment’s 900 million active monthly users worldwide.

HLB is also one of the first banks in Malaysia to be approved as Tencent’s local WeChat Pay Master Merchant Acquirer, enabling merchants and individual users to transact with WeChat Pay for the first time in Malaysia in Ringgit Malaysia, paving the way for Malaysia to be the first country, outside of China and Hong Kong, to be able to make payments in the local currency.

AMMB Holdings Bhd registered a higher income of RM1,014 million, up 3.2% supported by higher net interest income (NII) (+4.7%). Net interest margin (NIM) stable at 2.02% in the first quarter ended 30 June 2018 (Q1FY19).

Datuk Sulaiman Mohd Tahir, AmBank Group Chief Executive Officer said, “After a year of putting in place a series of fundamental changes, we have today a solid platform to grow further, as our Q1FY19 results point to a reasonable start to the new fiscal year. Our Q1FY19 income growth was broad based. NIM remained stable at 2.02%.”

Sunway Putra Hotel Kuala Lumpur reintroducing their Weekend Hi-tea Buffet priced at RM79 and RM59 respectively.

Available from 12 to 5 pm, this buffet will be taking place at Coffee House every Saturday and Atrium Lounge every Sunday.

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