Malaysia, 29 May 2022 – Searce, a Californian technology consulting firm specialising in cloud solutions, artificial intelligence (AI), and data analytics, has extended their services to the Malaysian market. The new market entry will see Searce look to accelerate digitalisation for businesses locally to enable business growth and sustainability in the new norm.
While the pandemic has undoubtedly played a pivotal part in speeding up digital adoption among local businesses, a study by the World Bank reported that Malaysian businesses are still underperforming as they are unable to move beyond the basic stages of digitalisation. Only a minority of businesses (6.3%) have truly explored frontier digital technologies like data analytics, largely due to a lack of expertise and unfamiliarity with advanced cloud computing.
Kuala Lumpur, 29 May 2022 – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), today announced the first quarter results ended 31 March 2022 (“1Q 2022”). Hektar REIT recorded revenue of RM29.11 million, an increase of 8.7% compared to the RM26.78 million recorded in the corresponding quarter of the previous year. The higher revenue is attributed to the increase in rental income, car park income and higher hotel occupancy, consistent with other retail and hospitality REITs. The overall retail sentiment for this quarter remained positive as it was supported by the increase in retail sales due to the pent-up demand from last quarter. Hektar REIT’s net property income increased 17.9% to RM16.62 million compared with RM14.09 million recorded in 1Q 2021, while realised income for the quarter under review gained 110.7% to RM13.74 million compared with RM5.52 million in 1Q 2021. Earnings per unit rose by 106.6% to 2.92 sen for 1Q 2022 compared with 1.41 sen for 1Q 2021.
Despite the dynamic & challenging environment, the Manager was able to bring in new tenants and secure the existing tenancies. Hektar REIT’s overall portfolio occupancy rate has remained steady at 84.8% in the quarter under review. Anchor support for Hektar’s malls remains positive as Golden Screen Cinemas (GSC) , our anchor tenant at Subang Parade, Central Square and Kulim Central, has started operating their business. The commitment by such an anchor tenant is a testament to the confidence in the long-term prospects of the malls. Hektar REIT is cautiously optimistic that there will be a gradual recovery as the country transitions into an endemic phase with the lifting of restrictions and reopening of the international borders.
KUALA LUMPUR May 29 (Bernama) -- Indulge in a wealth of Thai culture, food and many more features at “THINK THAILAND” Festival. Organized by The Royal Thai Embassy, in collaboration with the Department of International Trade Promotion, Ministry of Commerce (DITP), and Tourism Authority of Thailand, the festival will be the largest, most exceptional and eventful Thai event ever organized in Malaysia, with the aim to support both Thai exporters and Malaysian importers in boosting the sales of Thai products in Malaysia, while marking our readiness to welcome the Malaysians back to Thailand once again.
This 12-day Thai festival will take place at Tropicana Gardens Mall, with in-store promotions at Aeon, Segi Fresh and NSK outlets throughout Kuala Lumpur and Selangor from 26 May till 6 June, 2022. Many authentic, newly launched, and special priced products will be on offer during this time.
