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  #81  
Old Posted Aug 26, 2021, 3:22 PM
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WORLD 2021
Part 46: UK | Genting Malaysia Bhd
Genting UK's online casino said to be marketed on new platform by Amazon.com unit
Esther Lee August 25, 2021 11:58 am +08
Quote:
KUALA LUMPUR (Aug 25): Genting Malaysia Bhd’s (GenM) indirect wholly-owned subsidiary Genting UK plc is reported to have moved its online Genting Casino operations to a new platform provided by SkillOnNet in collaboration with Amazon.com Inc unit Prime Gaming to expand Genting UK's online footprint across Europe, Inside Asian Gaming (IAG) reported today, quoting SkillOnNet head of corporate development Maor Nutkevitch.

IAG reported that under the new deal, gentingcasino.com will be marketed on the SkillOnNet network by Prime Gaming.

"However, sports betting will be dropped from the online offering, with gentingcasino.com to focus solely on online casino gaming,” IAG reported.
https://www.theedgemarkets.com/artic...amazoncom-unit
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  #82  
Old Posted Sep 11, 2021, 2:33 AM
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WORLD 2021
Part 46: Taiwan | MDEC & EasyStore
MDEC, EasyStore launch Malaysia Select Campaign in helping local businesses to expand to Taiwan
By NST Business - September 8, 2021 @ 11:54am
Quote:
KUALA LUMPUR: The Malaysia Digital Economy Corporation (MDEC) and EasyStore today announced the launch of Malaysia Select Campaign via a Malaysia-Taiwan shopping platform to assist Malaysian businesses in expanding to Taiwan.

MDEC chief digital business officer Aiza Azreen Ahmad said public-private initiatives such as this are important to growing Malaysia as an e-commerce producer rather than just merely consumers.

This is in line with the goals of National eCommerce Strategic Roadmap (NESR) 2.0, which aims to place the nation as the largest eCommerce market in the ASEAN-6 region by 2025.

"We aim to catalyse further the growth of e-commerce in Malaysia and equal importance, sustaining livelihoods and jobs in the process.

"Together, we can accomplish the goals of MyDIGITAL and place us firmly on course towards creating a globally competitive digital nation, anchored on inclusivity, sustainability and shared prosperity, firmly establishing Malaysia as the Heart of Digital ASEAN," she said in a statement today.

The campaign is scheduled to run from 1 October to 10 October 2021 and is supported by Commerce Development Research Institute of Taiwan, Exabytes, EasyParcel and Janio.

This online sales campaign also targets to provide support to at least 800 local businesses to increase their sales by at least 30 per cent and gain significant brand exposure in Taiwan.

Further, MDEC and EasyStore, in close consultation with the Commerce Development Research Institute of Taiwan, will be providing a kickstarter programme to participating local online businesses to introduce their brands and market their offerings to new market segments in Taiwan.

EasyStore chief business development officer and co-founder Alan Kok said the company shared a vision with MDEC to offer continuous support and leadership in pushing the e-commerce agenda forward for Malaysian businesses.

"In line with this, we strive our very best to simplify the selling process not solely on providing an easy-to-use e-commerce platform but also to equip local businesses with the ability to export.

"Together, we can help local businesses to achieve greater sales and greater global competitiveness via this campaign," he said.

Webinars will also be conducted to equip the participants with knowledge, tips and tricks in marketing to Taiwan.

Local businesses still without an online store presence may also embark on their e-commerce journey via EasyStore's single sales channel plan with no cost, while merchants can also upgrade and customise based on their requirement.

As of the end of 2020, more than 489,000 micro, small and medium enterprises (MSME) adopted e-commerce, while 378,000 small and medium enterprises (SME) were trained in e-commerce.

SMEs exporting grew exponentially from 1,800 to 27,000. The sector also attracted investment worth RM1.5 billion for the establishment of regional e-fulfilment hubs.
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  #83  
Old Posted Sep 12, 2021, 11:09 AM
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Originally Posted by nazrey View Post
Malaysia Airport Holding Bhd (MAHB)
MAHB’s asset in Turkey ranked fifth busiest airport in Europe
Malaysia Airports’ overseas asset Istanbul Sabiha Gokcen International Airport (IATA Code: SAW) in Turkey was ranked as the fifth busiest airport in Europe, registering a daily average of almost 500 flights. Eurocontrol is the European Organisation for the Safety of Air Navigation headquartered in Brussels, Belgium. The Malaysia Airports group’s sustainability is well supported by the encouraging recovery seen at SAW in the last several months. Since July 2020, passenger traffic at SAW contributed more than 50% to the group’s total.
https://www.malaysiaairports.com.my/taxonomy/term/416
https://www.malaymail.com/news/money...europe/1921565


https://www.airteamimages.com/-___276659_large.html
WORLD 2021
Part 47: Turkey | Malaysia Airports Holdings Bhd (MAHB)
MAHB's Istanbul airport implements new passenger flow management system
Bernama September 10, 2021 19:15 pm +08
Quote:
KUALA LUMPUR (Sept 10): Malaysia Airports Holdings Bhd’s (MAHB) Istanbul Sabiha Gokcen International Airport (ISGA) in Turkey has implemented a new passenger flow management system to heighten passenger safety and operational efficiency

In a statement today, the airport operator said the system, known as Xovis PTS, is part of the group-wide Airports 4.0 digital initiative aimed at improving travelling experience at airports within the new norms.

“The Xovis PTS comprises 184 state-of-the-art sensors that will automatically detect congestion at touchpoints, providing real-time information to the airport’s main command centre so that quick action can be taken to manage and resolve the situation.

“It also features a passenger tracking and area occupancy system that monitors and directs passengers to the next available queue line or facility at either immigration, security checkpoints or washrooms so that wait times can be reduced and full compliance to physical distancing measures can be ensured,” it said.

Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said MAHB had expedited many of its digital initiatives to prepare for travel resumption.

“ISGA’s encouraging recovery continues as can be seen by its August traffic data of which, we recorded the highest daily passenger movements for the year so far on Aug 15, 2021 at 110,972 passengers,” he said.

He said ISGA recorded three million total passenger movements in July 2021, an increase of 35% from the previous month.

“This is already at 89% of our pre-Covid performance,” he said.

He added that although the pandemic had introduced another level of complexity to airport processes, ISGA’s more robust recovery is a good testbed to showcase technology that ensured passenger safety and convenience.
https://www.theedgemarkets.com/artic...agement-system

Last edited by nazrey; Sep 12, 2021 at 12:55 PM.
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  #84  
Old Posted Sep 13, 2021, 5:26 AM
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WORLD 2021
Part 48: USA | Top Glove Corp Bhd
Top Glove resumes glove exports to the US
By Azanis Shahila Aman - September 10, 2021 @ 9:43am
Quote:
KUALA LUMPUR: Top Glove Corp Bhd (Top Glove) has been permitted to resume exporting and selling gloves to the United States (US) effective September 10, following a revision to the US Customs and Border Protection's Customs and Border Protection's (CBP) findings.

The company, in a statement, said the CBP has affirmed that disposable gloves made by Top Glove in Malaysia would be admissible at all US ports of entry.

Previously, the CBP directed the country's ports to seize Top Glove's goods, and despite the ban, the authorities seized latex gloves made by Top Glove in July last year after the CBP found a shipment in Kansas City.

And in March this year, the CBP found evidence of multiple forced labour indicators in Top Glove's production process, including debt bondage, excessive overtime, abusive working and living conditions, and retention of identity documents. As a result, it directed its officials to seize goods from the manufacturer.
https://www.nst.com.my/business/2021...ove-exports-us
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Top Glove HQ
Shah Alam, Selangor


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  #85  
Old Posted Sep 14, 2021, 4:13 AM
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ASEAN 2021
Part 66: Vietnam | JAKS Resources Bhd
JAKS inks MoU with T&T Group for joint development of LNG-to-power project in Vietnam
Shazni Ong September 13, 2021 19:46 pm +08
Quote:
KUALA LUMPUR (Sept 13): JAKS Resources Bhd has inked a memorandum of understanding (MoU) with T&T Group Joint Stock Co to explore the possibility of collaborating to develop the 1,500MW Quang Ninh 2 liquefied natural gas (LNG)-to-power project in Quang Ninh province, Vietnam.

Under the terms, both JAKS and T&T Group will agree on a common approach in relation to the implementation of the LNG-to-power project, including the location, design, technology and infrastructure involved for the import terminal and the power plant, and the selection of LNG and gas-fired power solutions suppliers.

Separately, T&T Group will be responsible for all legal matters pertaining to the LNG-to-power project. JAKS, on the other hand, shall be the strategic investor and is responsible for the engineering, construction and commission process.

The MoU, which was signed on Sept 11, 2021 at the Embassy of Vietnam in Helsinki, Finland, demonstrates the common vision of both parties to address Vietnam's increasing domestic electricity demand, increasing gas demand for gas-fired generation plus the required importation of LNG into Vietnam, said JAKS chief executive officer Andy Ang Lam Poah in a statement today.

"This is yet another breakthrough for JAKS to tap into the LNG field, which will essentially strengthen the group's power and energy business division in Vietnam. Our first ever entry into the power-energy sector was through the construction of the 1,200-megawatt Hai Duong Power Plant, which has fully commenced commercial operations in January this year.
https://www.theedgemarkets.com/artic...roject-vietnam
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  #86  
Old Posted Sep 14, 2021, 11:34 PM
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ASEAN 2021
Part 67: Singapore | Sunway Bhd
Sunway-Hoi Hup consortium wins Singapore's Flynn Park bid with RM1.15bil offer
By NST Business - September 13, 2021 @ 3:05pm



Sunway Bhd, through its joint venture vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en-bloc acquisition of Flynn Park building with a bid of S$371 million (about RM1.15 billion).
Quote:
KUALA LUMPUR: Sunway Bhd, through its joint venture vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en-bloc acquisition of Flynn Park building with a bid of S$371 million (about RM1.15 billion).

Flynn Park, a 72-unit condominium block built in 1986 was open for tender at the end of July.

t is sited on an elevated 1.94-hectare freehold plot of land and is located 350 metres from the Pasir Panjang MRT station on the Circle Line.

In addition, the development is a stone's throw from landmarks such as the Pasir Panjang Food Centre, Mapletree Business City, VivoCity and Sentosa Island.

Under the URA Master Plan 2019, the site is zoned "residential" with a plot ratio of 1.4.

Sunway, in a statement today, said Sunway Property and Hoi Hup intended to redevelop the site into modern private residential condominiums, leveraging on the multiple strengths of its location which is on a hillside, at the fringe of the city centre, next to public transportation and yet next to the lush and mature Kent Ridge nature park.

The deal was brokered by Savills Singapore which described it as the largest collective sale site in Singapore in 2021.

Collective sales in Singapore has picked-up due to the rebound in Singapore's property market.

"Current developments by Sunway Property in Singapore includes Ki Residences, a private condominium in Clementi, and Parc Central, an executive condominium in Tampines have all done well since their respective launches.

"The projects have achieved robust take-ups of 60 per cent and 85 per cent respectively," Sunway added.

With the latest acquisition of Flynn Park, Sunway Property's landbank to date stands at 1,351.24 ha with a potential gross development value of RM54.4 billion.
https://www.nst.com.my/business/2021...rm115bil-offer
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  #87  
Old Posted Yesterday, 12:57 AM
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Revenue of Malaysian affiliates abroad rises over a decade, hits RM335.2b in 2019
Esther Lee September 15, 2021 12:55 pm +08



Quote:
KUALA LUMPUR (Sept 15): The revenue generated by Malaysian affiliates abroad reached a total of RM335.2 billion in 2019, increasing 1.3% year-on-year from RM330.9 billion in 2018.

Data from the Department of Statistics Malaysia (DOSM) revealed that the revenue of Malaysian affiliates abroad has been consistently rising over the last 10 years, gaining 70% from RM197.6 billion in 2010.

By DOSM’s definition, affiliates abroad are those companies controlled by Malaysian companies owning more than 50% of equity in the former.

The rise in revenue comes in line with the increase in total number of affiliates abroad, which rose to 2,237 in 2019, up 0.9% compared to 2,217 in 2018. Over a decade, the number of affiliates has increased by 30.7% as it stood at 1,712.

The services sector contributed to 62.5% of the total revenue in 2019, amounting to RM209.5 billion, particularly in wholesale and retail trade, food and beverage and accommodation sub-sector.


The manufacturing sector came in second, making up 24.2% of total revenue, amounting to RM81 billion. The revenue from the sector was derived mainly from the sub-sector of petroleum, chemical, rubber and plastic products.

The smallest contributor to revenue came from the construction sector, amounting to RM6.2 billion in 2019.

In terms of region, Malaysian affiliates operating in Asia contributed slightly more than half of total revenue in 2019, amounting to RM188.9 billion. Second highest came from Europe, with turnover of RM56.7 billion, followed by the Africa region (RM44 billion).

Country wise, affiliates in Indonesia contributed the highest turnover of RM50 billion, followed by Singapore (RM39.2 billion) and the United Kingdom (RM38.1 billion).

It is also worth noting that the compensation of employees (COE) that were paid by Malaysian affiliates abroad increased to RM23.8 billion in 2019, 3.6% higher than RM23 billion in 2018. The largest contributor was from the services segment, representing 72.5% of the COE, particularly in financial services.

Similarly, the services sector was the largest employer with 153,140 persons employed by Malaysian affiliates aboard.

This was followed by the manufacturing sector of RM4.1 billion, largely in electrical, transport equipment and other manufacturing.

The agriculture sector, which accounted for the second-largest number of employees in affiliates abroad of 139,224 persons, paid only RM1 billion in 2019.
Quote:
NOTED
RM335.2 billion = $80.6 billion
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