Perbadanan Insurans Deposit Malaysia (PIDM) today released its ‘Summary of the Corporate Plan 2018 – 2020’.
As an integral part of the Malaysian financial safety net system, PIDM is mandated to protect the interests of depositors and takaful and insurance policy owners against the failure of any PIDM member institution, and to contribute to or promote financial system stability.
IPC Shopping Centre is proud to reveal its new centre-wide upgrade. The redevelopment is seen both in its physical space and overall brand, which is set to create a fun, inspirational and great day out for shoppers and the community alike.
It is the culmination of an extremely ambitious project, one of the biggest shopping centre redevelopments in the region, with a RM200 million investment into the centre including the surrounding landscaping and community infrastructure.
Overall optimism among business leaders in Malaysia has improved.
New findings from Grant Thornton’s quarterly business survey of 2,500 businesses in 36 economies, the International Business Report (IBR), reveals that the optimism level in Malaysia has risen to 6%, a major improvement compared to a year ago (-36%).
Companies across the Association of Southeast Asian Nations (ASEAN) bloc face growing risk of cyberattacks, which could expose the region’s top listed firms to a US$750 billion (RM3 trillion) erosion in current market capitalization, according to new research commissioned by Cisco.
The research, conducted by global management consulting firm A.T. Kearney, stresses that ASEAN’s growing strategic relevance, driven by economic expansion and ongoing digital adoption, make it a prime target for cyberattacks.
Sunzen Biotech Berhad has re-entered into a share sale agreement (“SSA”) with the vendors of Ecolite Biotech Manufacturing Sdn Bhd (“Ecolite”) for the acquisition of 70% of the total number of issued shares in Ecolite, for the same purchase consideration of RM12,050,360 (“Proposed Acquisition”) to be wholly satisfied by the allotment and issuance of 40,848,678 new ordinary shares in SUNZEN at an issue price of RM0.295 per SUNZEN Share.
Ecolite is a health and wellness company that is primarily involved in the manufacturing and trading of traditional Chinese medicines and herbal health foods and beverages.
MSIG Insurance (Malaysia) Bhd (MSIG Malaysia) has launched two new fire insurance products – Retail SafeGuard and Business SafeGuard – which aim to provide business owners with new options when it comes to protecting their businesses from emerging threats such as cyber-crime, social media risks and even terrorism and sabotage.
Retail SafeGuard Insurance is a comprehensive protection targeted at small businesses such as retailers, mini-marts, florists, restaurants, cinemas and others. It gives business owners the ability to select a desired plan that caters to their business needs at an affordable premium.
Jaya Grocer, Malaysia’s family-run lifestyle fresh market, celebrates its 10th anniversary this year with 22 outlets and with plans for an aggressive expansion of five more outlets this year.
In fact, it ended 2017 with 21 outlets and opened its 22nd in Johore Bahru last week. By year-end, it plans to have 27 supermarkets across the peninsula.
Invest Malaysia 2018, co-organised by Bursa Malaysia and Maybank, held earlier this week attracted over 2,000 delegates, including more than 1000 local and regional fund managers from Taiwan, Thailand, Singapore, Hong Kong, USA, and the UK with Assets Under Management totalling USD18.3 trillion.
A joint study on the first-year implementation of the enhanced auditors’ report (EAR) revealed that key users of audit and financial reports found value in the new reporting standards with two thirds of the surveyed respondents acknowledging that it is an improvement compared to the old auditors’ report.
Titled “Enhanced Auditors’ Report: A review of first-year implementation experience in Malaysia”, the joint study was conducted by the Audit Oversight Board (AOB) of the Securities Commission Malaysia (SC), the Malaysian Institute of Accountants (MIA) and the ACCA (Association of Chartered Certified Accountants) to assess stakeholders’ response to the new and revised enhanced auditor reporting standards.
Berjaya Starbucks Coffee Company (Starbucks Malaysia) honored as the ‘Best Premium Roasted Coffee’ and ‘Best Specialty Coffee Chain’ by Asia Halal Brand Awards (AHBA) 2017 held at the Shangri-La Hotel in Kuala Lumpur on 15 December 2017.
AHBA, is the leading regional award honoring prominent Halal brands in Asia from the engagement of halal products and by-products in the domestic and global frontiers ranging from sectors such as Food and Beverages, Hotel and Tourism, Beauty and Cosmetics, Healthcare and Medical, Fashion, Banking and Financial Services. The award is audited by professional accounting consultant firm HML & Co.