PETALING JAYA: RMS Synergy Sdn Bhd has entered into a joint venture (JV) with Vietnam-based offshore support vessel (OSV) service provider Hai Duong Petroleum and Marine Corporation (Haduco) to form Haduco RMS Sdn Bhd, driven by the increased demand for OSV by O&G operators in Malaysia. Both parties entered into a shareholders’ agreement under the … Read more
PETALING JAYA: The Employees Provident Fund (EPF) is encouraging its members to keep their EPF account active to continue earning income after 55 until 100 from its competitive annual dividend payouts. Sharing with Sunbiz how a normal working class Malaysian can save and grow his money with EPF, chief strategy officer Nurhisham Hussein (pix) disclosed … Read more
KUALA LUMPUR: Property developer Radium Development Bhd, en route to a listing on Bursa Malaysia’s Main Market on May 31, plans to raise RM434 million from its initial public offering (IPO) to reinforce its presence in the capital city. At an issue price of 50 sen per share, the IPO entails an issuance of 868 … Read more
KUALA LUMPUR: Capital A Bhd’s engineering and maintenance subsidiary, Asia Digital Engineering (ADE), has secured US$100 million (RM445 million) investment from Hong-Kong-based investment firm OCP Asia Ltd to be utilised for the construction and operation of a state-of-the-art 14-line aircraft maintenance hangar facility in Sepang, Selangor. The investment will also be allocated for ADE’s business … Read more
SHAH ALAM: E-commerce fulfillment company, Store N Go, will venture into an offline model to complement its online model this year, according to its founder and CEO Tee Kee Lion (pix). He confirmed that the company, which started in the offline sphere before focusing on online, will return to its roots and start its offline … Read more
PETALING JAYA: Local financial technology group Revenue Monster Sdn Bhd, a wholly owned subsidiary of Super App Sdn Bhd, aims to increase the number of its merchants to 15,000 from about 11,000 this year and the portion of SME merchants to 60% compared with 40% within three years, said its group CEO Lim Kar Aik … Read more
PETALING JAYA: Some 65% of business owners in Malaysia believe it is important to prepare for recession and have taken steps to do so, according to one-stop IT solutions provider GoTo. Based on its recent survey on how global businesses prepare for an economic downturn, it said many businesses believe that implementing technological solutions can … Read more
PETALING JAYA: The government can address the twin objectives of improving the efficiency and efficacy of its procurement and at the same time support the small and medium enterprises (SME) via a transparent handicapped system, said Small and Medium Enterprises Association (Samenta) national secretary Yeoh Seng Hooi (pix). Commenting on the Economic Affairs Minister Rafizi … Read more
DENGKIL: LBS Bina Bhd has exceeded its annual property sales target by 25% to RM2.003 billion for 2022 compared with its initial sales target of RM1.600 billion with 90% main contribution from Klang Valley projects, according to executive chairman Tan Sri Lim Hock San (pic). He said that it was achieved due to the project … Read more
PETALING JAYA: Ansat Broadcast Sdn Bhd and MNC Group’s subsidiary, PT MNC Vision Networks Tbk (IPTV), today inked a term sheet for a joint venture to provide subscriber-based television and content distribution services using direct-to-home (DTH) for the Malaysian market. Malaysian viewers will get to enjoy offerings from MNC Media’s digital entertainment arm, PT MNC … Read more
PETALING JAYA: Sime Darby Property Bhd expects sales momentum to progress towards year-end but will likely slow down in 2023 due to headwinds in the year ahead, according to its group managing director, Datuk Azmir Merican. “Sales momentum will still be strong (although) it may not be as high as in 2022. We don’t expect … Read more
KUALA LUMPUR: Malayan Banking Bhd (Maybank), which today signed a 21-year tenancy agreement with Permodalan Nasional Bhd (PNB) to lease space in Menara Merdeka 118 here, will move its corporate head office to the world’s second tallest building in the first quarter of 2025 (Q1’25). Maybank group president and CEO Datuk Khairussaleh Ramli said it … Read more
KUALA LUMPUR: Yew Lee Pacific Group Bhd made its debut on the ACE Market of Bursa Malaysia Securities this morning, opening at 28.5 sen per share above its initial public offering (IPO) price of 28 sen per share, chalking up a 0.5 sen or 1.79% premium. The Perak-based group is an industrial brush manufacturer and … Read more