The Employees Provident Fund (EPF) yesterday signed a Memorandum of Understanding (MoU) with Grab Malaysia to encourage its community of ride-sharing driver-partners to save for their retirement through Caruman Sukarela Insentif Persaraan (i-Saraan), a voluntary retirement savings programme with the EPF.
EPF Chief Executive Officer Datuk Shahril Ridza Ridzuan said, “We would like to encourage the community of Grab driver-partners to voluntarily sign up as EPF members and save for their retirement with the EPF. Our members are provided with a secure savings option, as the EPF has a proven track record of sustainable, above-inflation returns which will enhance the value of their savings over the long term.
Green Packet Bhd’s joint Venture company, Funsea Interactive Entertainment (M) Sdn Bhd entered into a partnership with Apigate to enable Direct Carrier Billing (DCB) for Celcom’s customers.
DCB is traditionally used by mobile content creators and developers to facilitate payment for their in-app purchase and subscription services by end users. It allows end users to make payments for their purchases by charging payments to their mobile operator’s post-paid and pre-paid bill. Funsea Interactive will be able to facilitate payment for their OTT content related games, music and video-based apps to more than 9.6 million Celcom subscribers in Malaysia through the DCB payment facility offered by Apigate.
Sunway REIT has delivered a set of commendable financial results for the financial year ended 30 June 2018. Revenue rose 7.2% year-on-year (y-o-y), from RM522.9 million in FY2017 to RM560.4 million in FY2018, underpinned by retail segment and new income contribution from newly completed acquisitions.
Net property income (NPI) expanded by 8.0% y-o-y to RM419.9 million. The topline growth was partially offset by higher interest cost during the year on the back of debt drawn down to fund acquisitions and capital expenditure.
Diversified group Kumpulan Perangsang Selangor yesterday announced that its 30% associate company Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”) has accepted a takeover offer from Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) to acquire 100% equity interest of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”).
The proposed takeover, announced on 3 August 2018, entails Air Selangor acquiring from SPLASH Holdings the entire 50 million ordinary shares and 350 million redeemable unsecured loan stocks (“RULS”) of SPLASH for a total purchase consideration of RM2.55 billion.
DR MASZLEE MALIK - EDUCATION MINISTER
The Malaysian property market is set to gradually improve in the years ahead through to 2020, said the Malaysian Institute of Estate Agents (MIEA) President Eric Lim Chin Heng.
“The property market may have bottomed out last year with transaction volumes hitting the lowest point since 2012, amounting to 311,824 transactions in 2017. We envisage that the market will continue experiencing ‘confidence gaining growth’ as fundamentals improve under the new government. Real estate investors, who have been playing an important part in the property market’s growth, have been on the side lines for many years now and are looking forward to coming back to the market.
Loob Holding Sdn Bhd, the company behind popular F&B brands including Tealive, llaollao, Gindaco and Define Food has been awarded ‘Asia’s Best Employer Brand 2018 - 2019’. The ceremony took place on 31 July at Le Meridien Sentosa, Singapore.
Currently in its ninth edition, the Asia Best Employer Brand Award recognises organisations from Asia who are exemplary in practices related to Human Resources (H.R.).
Hitachi Sunway Information Systems Sdn Bhd (“Hitachi Sunway”), a leading one-stop ICT services and solutions provider in ASEAN, today is pleased to share that it has signed a memorandum of understanding with Penang based Penfabric Sdn. Berhad for the provision of Software driven-IoT solution – the Intelligent Chiller Energy Efficiency Control System (ICEE).
It is a unique smart optimisation solution that automates energy saving controls by applying predictive algorithm-based measures. The Internet of Things (IoT) based system provides users with the ability to make intelligent, prediction-based decisions.
AirAsia has announced that it has engaged Palantir as its strategic data science partner.
Palantir, a company based in Palo Alto, California that specialises in big data analysis, will work with AirAsia to carry out data science projects on their platform across our various business functions over the next five years.
By Darell Leiking, Minister of International Trade and Industry
E-Commerce offers enormous opportunities for business-to-business (B2B) and business-to-consumers (B2C). Based on a study conducted by Google and Temasek, e-Commerce trade in ASEAN will reach USD200 billion by the year 2025, driven first-hand by the growth of e-Commerce market, followed by online media and online travel.
