BMW Group Malaysia and Sime Darby Auto Engineering (SDAE), a division of Sime Darby Motors today opened the doors to the new SDAE Engine Assembly Facility in Kulim, Kedah.

Speaking at the opening ceremony, Datin K. Talagavathi, Deputy Secretary General (Industry) of Ministry of International Trade and Industry Malaysia said, “I am pleased to officiate the opening of the new Sime Darby Auto Engineering Engine Assembly Facility here in Kulim, Kedah today. The new engine assembly facility developed through the partnership and initiatives of Sime Darby Motors and the BMW Group, will not only boost the local capabilities and regional competitiveness of the country but will also create employment opportunities and raise technical competency skills for Malaysians.” 

Aberdeen Asset Management Sdn Bhd, a wholly-owned subsidiary of Aberdeen Asset Management plc who in turn held by Standard Life Aberdeen plc, announced the launch of its first diversified multiasset strategy in Malaysia on 17 April 2018. 

The Aberdeen Global Diversified Growth Fund is the Group’s first feeder fund that invests in a Luxembourg-domiciled fund to be available through intermediaries for sophisticated investors in Malaysia. It is currently distributed by Standard Chartered Bank Malaysia Berhad.

Loob Holding Sdn Bhd, the creator of Malaysia’s Tealive bubble tea brand has announced its collaboration with World Iconic Brands Hospitality Pvt Ltd (WIB). WIB is a specialist franchise development company in India, which has secured master franchisee rights to open 140 stores in three cities in India within next five years. The Tealive outlets will come up in New Delhi, Mumbai and Bangalore.

CEO of Loob Holding, Bryan Loo signed an agreement of Master Franchise Rights given to WIB to expand Tealive in the Metro cities of India, like Mumbai, New Delhi and Bangalore. At the event, WIB was represented by its founder Mr. Gaurav Marya, who is also the chairman of Franchise India, which is Asia’s largest integrated franchise solutions company. Franchise India owns majority stakes in WIB.