KUALA LUMPUR: In a strategic move to emphasise its commitment towards travel, the digital arm of Capital A, airasia Digital has transformed into MOVE Digital (MOVE), a chapter in its next phase of growth through both its businesses – airasia Superapp and BigPay. MOVE’s travel platform business, airasia Superapp will also see its name changed … Read more
KUALA LUMPUR: There are growing concerns that the energy transition, which is in line with Net Zero 2050 aspirations, is likely to be delayed with global energy players shifting focus back to oil and gas (O&G) due to challenges faced in renewable energy (RE) projects, said Energy Industries Council (EIC) regional director Azman Nasir. “In … Read more
SHAH ALAM: Permodalan Nasional Bhd’s wholly owned subsidiary Amanah Saham Nasional Bhd (ASNB) expects to onboard more than one million unitholders yearly to invest in its unit trusts through its partnership with TNG Digital Sdn Bhd’s (TNGD) eWallet, GOinvest feature launched today. According to CEO Muzaffar Othman, it has 12 million individual unitholders and 15 … Read more
KUALA LUMPUR: Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar wants local financial institutions to list their Islamic banking subsidiaries on its exchange to add more shariah- compliant equity instruments to the market. He said there is a lack of shariah-compliant equity instruments in the financial services sector. Abdul Wahid said well-known local banks … Read more
KUALA LUMPUR: The Securities Commission Malaysia (SC) expects to launch guidance on principles-based Maqasid al-Shariah compliance by the end of this year. “We plan to launch guidance on the principles-based Maqasid al-Shariah compliance before year-end … and this could well be the first in the world. This will allow options for investors globally to invest … Read more
KUALA LUMPUR: To boost Malaysia’s capital market position in the region, the country needs to revive its infrastructure project listing, set up digital infrastructure funds and increase cooperation with neighbouring countries, said Institute for Capital Market Research Malaysia (ICMR) chairman Tan Sri Munir Majid. He believes that it is opportune for Malaysia to participate in … Read more
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