Malaysian Business

Malaysian Business

Sunway’s non-profit incubator and accelerator, Sunway iLabs, launched its Sunway iLabs Makerspace with five initial industry partners, Google, NEC, Hitachi Sunway, Xperanti, and GE, which aims to equip students and entrepreneurs with a collaborative space and tools for innovation.

The event also saw Sunway iLabs announcing three new international collaborations - the European Commission-funded South East Asia Social Innovation Network (SEASIN), the University of California, Berkeley; and Silicon Valley accelerator, A3 Global Collider, which will provide students and entrepreneurs with additional sources of capital; mentorship and links to international markets.

The number of Malaysians in the labour force with tertiary education increased the most by about 1.3 million while those with secondary education increased by 1.2 million from 2010 to 2017, according to a report by Khazanah Research Institute.

The State of Households 2018: Different Realities report published by Khazanah Research Institute stated that there was a decrease of about 438,000 Malaysians with primary education in the labour force over the same period.

Finterra Technologies Sdn. Bhd. recently signed a MOA with Asia Pacific University of Technology and Innovation (APU), for the setting up of the GALLACTIC Blockchain Centre Of Excellence.

As part of this collaboration, APU is setting up computing resources on campus together with Finterra, to provide access to the Finterra Blockchain platform (GALLACTIC) for its faculty and students to develop the skills required for building Decentralised Applications (DApp’s) for the next generation of digital users.

Tuesday, 16 October 2018

BornOil broadens SugarBun reach

Borneo Oil Bhd (BornOil) is expanding its food and beverage business to include the ‘Broasted by SugarBun’ kiosk.

“We recently obtained approval from the Domestic Trade and Consumer Affairs Ministry for our kiosk concept,” said BornOil executive director, Raymond Teo, in a statement.

OCBC Bank (Malaysia) Berhad (OCBC Bank) recently assigned a mission to their valued business partners and friends should they choose to accept, at the St Regis Hotel. 

The order of the evening was strictly a licence to celebrate in the mould of the 007 Secret Service agent famous for his thrilling lifestyle.

With the number of mobile internet users in Malaysia projected to increase by 5% over the next few years, reaching more than 21 million users, the online sales segment is expected to grow in tandem with this trend, according to a study by Tetra Pak, the world’s leading food processing and packaging solutions company.

This year, Tetra Pak, which released the 11th annual edition of the Tetra Pak Index recently, focused on the rise of Online Grocery and the unique challenges it presents for the food and beverage industry.

The Trade Bureau platform of RAM Credit Information Sdn Bhd (RAMCI), one of Malaysia’s leading credit reporting agencies, today announced the RAMCI 3rd Industry Debts Turned Cash (RAMCI i-DTC) which measured payment data between Q4 2017 to Q3 2018.

RAMCI’s i-DTC measures the average number of days companies in various industries take to pay their creditors after the invoice date, it is based on more than 500,000 payment records on business corporations and SMEs across a total of 12 industries’ indicators and it is segregated by industry to allow a clearer picture of how fast companies in each industry pay their creditors.

Philips unveiled their latest Viva Collection Airfryer XXL, an extra large Airfryer designed with families in mind, so users can easily prepare enough for everyone without the hassle of cooking in batches.

With the biggest Airfryer capacity to date, it can easily handle a whole chicken or up to 1.4kg of fries for up to 6 portions at one go.

Isuzu Malaysia recently delivered a total of 141 units of their commercial trucks to City-Link Express Sdn Bhd, during an official handover ceremony held at City-Link Express’ ‘Super Hub’ facility in Bandar Saujana Putra, Selangor.

The handover comprised of 128 units of the ELF 4-wheeler (NLR77UEE) model, eight units of the ELF 6-wheeler (NPR81UKH) model and five units of the GIGA (GXR) model.

Funding Societies has launched Invoice Financing, a product in its range of offerings to solve cash flow and working capital problems for small and medium-sized enterprises (SMEs).

Through it, SME applicants can receive funds upfront for their customer invoices, with up to 80 per cent of invoice value and a term range of 30 to 120 days and the product has no collateral requirements, with an average disbursement time of five days and an average interest rate of 1 per cent per month.

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