KUALA LUMPUR: Malaysia’s traditional PC market including desktops, notebooks, and workstations, declined by 9.6% year-over-year (y-o-y) in the second quarter of 2022 (Q2’22), with a total of 455,000 units shipped to the country, according to the International Data Corp’s (IDC) Worldwide Quarterly Personal Computing Device Tracker. Since the reopening of the economy and the easing … Read more
KUALA LUMPUR: Cosmos Technology International Bhd, enroute to a listing on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities), aims to raise gross proceeds of RM22.44 million in its initial public offering (IPO). Cosmos via its subsidiaries is an integrated water technology solutions provider principally involved in the distribution and instrumentation services of … Read more
PETALING JAYA: UMW Group’s automotive sales surged by 41% month-on-month in August 2022 as UMW Toyota Motor (UMWT) and UMW associate company Perodua registered improved sales at 35,130 units compared with 24,983 units registered in July. For the first eight months of 2022, the group delivered a total of 233,367 units, 63% higher than the … Read more
KUALA LUMPUR: Six startups from the MYStartup Accelerator Programme’s Cohort 1 have received investments totalling RM1.57 million from 17 angel investors. The six startups are Mindaapz, Krenovator, IPICK, ThreadX, Cult Creative and Products2U. The MYStartup Accelerator Programme is an intensive enrichment programme that supports early-stage startups through mentorship and partnerships. Running for six months until … Read more
PETALING JAYA: Berjaya Corp Bhd (BCorp) today inked a memorandum of understanding (MoU) with digital consulting firm VDart Malaysia Sdn Bhd to explore and evaluate technology business opportunities in the Asia Pacific region. The MoU will enable both parties to embark on a partnership in expanding the technology business by leveraging cutting-edge products based on … Read more
PETALING JAYA: Bermaz Auto Bhd’s (BAuto) net profit for the first quarter ended July 31, 2022 jumped over four-folds to RM50.16 million from RM10.27 million a year ago in line with the increased in revenue, the positive contribution from its associated company Mazda Malaysia Sdn Bhd and the strengthening of the ringgit against the yen. … Read more
KUALA LUMPUR: Lagenda Properties Bhd, through wholly owned subsidiary Blossom Eastland Sdn Bhd, has entered into a development joint venture (JV) with Kumpulan Hartanah Selangor Bhd (KHSB), a wholly owned subsidiary of the Selangor state government, to develop a 191-acre plot in Bernam Jaya. The Bernam Jaya development will be Lagenda’s first foray into Selangor. … Read more
KUALA LUMPUR: Genting Plantations Bhd (GENP) has invested in a joint control stake in research & development firm Green World Genetics Sdn Bhd (GWG) that specialises in high quality non-genetically modified organisms tropical hybrid seeds breeding. The investment underpins a joint collaboration between GENP and GWG to establish Malaysia as an important regional seed hub … Read more
KUALA LUMPUR: GHL Systems Bhd’s wholly owned subsidiary, Paysys (M) Sdn Bhd, and Ingenico, a Worldline Brand, have combined their business strengths to strengthen their presence in the Malaysian payment market. In an agreement, Ingenico will sell some of its business and customer assets in Malaysia to GHL. By creating this operating model, Ingenico will … Read more
PETALING JAYA: Clean energy specialist Solarvest Holdings Bhd has established a subsidiary Vestech Energy Sdn Bhd to focus on providing solar solutions to the residential segment in an effort to enhance solar adoption rate among homeowners. Through Vestech, Solarvest has launched six EcoHome solar plans tailored for landed house homeowners with average monthly electricity bills … Read more
PETALING JAYA: Kenanga Investors Bhd has launched the Kenanga Sustainability Series: World Quality ESG Fund, which seeks to provide capital growth by investing in the NT World Quality ESG Fund (target fund) managed by Northern Trust Asset Management. The target fund aims to deliver long-term capital growth by investing in securities which exhibit quality and … Read more
PETALING JAYA: Public Bank Bhd and Sunway Integrated Properties Sdn Bhd (Sunway Property) have signed a memorandum of understanding (MoU) to collaborate on property financing for green and sustainable development projects. Public Bank managing director and CEO Tan Sri Dr Tay Ah Lek said with this MoU, customers who purchase green-certified properties for both residential … Read more
PETALING JAYA: Digital wealth management app Versa has secured an eight-figure funding, enabling it to make more wealth solutions accessible to everyone. This funding round was led by Hibiscus Fund, a venture capital fund managed by RHL Ventures and South Korean financial services conglomerate KB Investment Co Ltd. Recurring investor Affin Hwang Asset Management also … Read more