PETALING JAYA: As part of Hartalega Holdings Bhd’s commitment towards sustainable long-term growth, the group will decommission its facility in Bestari Jaya, Selangor, with operations to be consolidated at its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang. Decommissioning of the Bestari Jaya facility, which comprises four production plants, some of which have been … Read more
PETALING JAYA: Bank Negara Malaysia (BNM) and Bank Indonesia (BI) today announced the commercial launch of the Malaysia-Indonesia cross-border QR payment linkage. The commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on Jan 27, 2022 which will see the number of participating financial institutions which … Read more
PETALING JAYA: CIMB Bank Bhd and CIMB Islamic Bank Bhd have introduced a suite of electric vehicle (EV) financial solutions, including financing, insurance protection and others, to drive the adoption of EV in Malaysia. Group consumer and digital banking CEO Effendy Shahul Hamid said that through this market offering, the bank is able to make … Read more
SINGAPORE: United Overseas Bank (UOB) and Lazada Group have entered into a memorandum of understanding (MoU) to collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets – Singapore, Malaysia, Indonesia, Thailand and Vietnam. This regional strategic partnership will also see the two industry leaders working together … Read more
PETALING JAYA: CTOS Digital Bhd made its first post-listing acquisition by acquiring a 4.6% stake in credit rating agency RAM Holdings Bhd for RM10.1 million. The valuation was arrived on a willing buyer-willing seller basis. The group on Thursday entered into a share purchase agreement (SPA) with CIMB Bank Bhd to acquire a 4.6% stake … Read more
PETALING JAYA: Chocolate lovers are in for an “extreme cocoa” treat as Tealive, Southeast Asia’s leading lifestyle tea brand, pairs up with Malaysia’s top chocolate malt beverage, Milo. In a first-ever tie-up with Milo, Tealive now offers an exclusive range of “Coco Xtreme” drinks that will satisfy the cravings of every chocolate lover – delicious … Read more
PETALING JAYA: Cable and wire manufacturer Southern Cable Group Bhd saw its orders in hand grow to RM609.3 million from RM578.4 million as at Dec 31, 2022, after receiving a contract addendum from Tenaga Nasional Bhd (TNB). With the addendum, the group’s amended contract with TNB to supply underground cables and conductors increased to RM332.1 … Read more
KUALA LUMPUR: Tec D Malaysia, a TD Synnex company will deepen its long-standing strategic partnership with hybrid data company Cloudera in Malaysia. Cloudera empowers businesses to transform complex data into clear and actionable insights with its hybrid data platform. Under this alliance, Tec D Malaysia will leverage Cloudera’s real-time insights capabilities to enable enterprises to … Read more
KUALA LUMPUR: Underground utilities and substation engineering specialist MN Holdings Bhd is partnering China’s Shanghai DC-Science Co Ltd (DCS) to develop a high-performance data centre in Malaysia. The project, with an overall estimated value of US$600 million (RM2.65 billion) – projection from DC-Science – sees MN Holdings emerging as the Malaysian partner for DC-Science, under … Read more
PETALING JAYA: The introduction of an electronic invoicing (e-invoicing) system is an indication of the Malaysian government and tax authorities’ digitisation advancements. Inland Revenue Board CEO Datuk Dr Mohd Nizom Sairi was recently quoted as aspiring to implement e-invoicing for businesses as early as the first quarter of next year. KPMG’s Head of Tax in … Read more
PETALING JAYA: Engineering support provider for integrated circuit (IC) assembly and test processes in the semiconductor industry Edelteq Holdings has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd as part of its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. The IPO will involve a … Read more
KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd, through its business mobility division Shell Fleet Solutions, has entered into a strategic partnership to support DHL Express Malaysia’s sustainability journey in reducing emissions across their fleet operations. DHL Express has signed up with Shell Fleet Solutions’ Accelerate to Zero (A2Z) programme which brings together Shell’s full range … Read more
