Malaysian Business

Malaysian Business

11street (www.11street.my), join forces with Audra, a unique internet security solution that allows you to set your own rules for your internet usage in your homes and offices. 

This partnership between Audra and 11street, places Malaysia as the first country in Southeast Asia to make Audra available to the public.

At the MIA International Accountants Conference 2018 (MIA Conference 2018), accountants were urged to embrace technology to transform the profession and make it more business relevant, while upholding the Government-endorsed values of Competency, Accountability and Trust in order to protect the public interest and build the nation.

MIA’s flagship Conference, which is certified as the largest gathering of accountants in Malaysia by the Malaysia Book of Records, took place on the 9 – 10 October at the Kuala Lumpur Convention Centre. MIA Conference 2018 set fresh attendance records, drawing close to 3,100 delegates compared to 2,980 delegates who turned up for MIA Conference 2017.

IDC announced the Malaysia winners of the second IDC Digital Transformation Awards (DXa) at the IDC DX Summit & Awards 2018 Malaysia held in Aloft Hotel Kuala Lumpur.

IDC named CIMB Bank Malaysia Berhad as the 2018 “Digital Transformer of the Year” and IDC DXa recognises organisations that have significantly disrupted the market or have transformed it, using digital and disruptive technologies.

AirAsia is further strengthening their connectivity in East Malaysia with four-weekly flights from Kuching to Tawau starting 2 December.

AirAsia is the only airline in the country to offer direct flights between the capital city of Sarawak and the third largest city in Sabah.

Mercedes-Benz Malaysia (MBM) delivered a record-breaking third quarter performance in 2018 (3Q2018), resulting in 10,143 cars delivered to customers compared to 8,773 units sold in the same period last year.

The sales registers a 16 per cent growth compared to the same period last year; while a market share of 2.5 per cent in total for 3Q2018 records an improvement of 0.2 per cent from 3Q 2017.

SECUREMETRIC Bhd, a growing regional digital security technology player has executed an underwriting agreement with sole underwriter, TA Securities Holdings Bhd, in preparation for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

Securemetric and its subsidiaries (the “Group”) offer digital security products and solutions across South East Asia, namely Malaysia, Vietnam, The Philippines, Indonesia, and Singapore.

Global enterprise applications software leader SAP has announced that it has opened a Solution Delivery Centre (SDC) in Kuala Lumpur, established to improve service delivery to large enterprises throughout Southeast Asia (SEA). This is the first SDC to be launched in SEA.

The newly-started SAP SDC in Kuala Lumpur is the 19th throughout the world and expected to increase cost-effectiveness and scalable service delivery while addressing customer proximity for enterprises employing SAP technologies within SEA.

Tuesday, 09 October 2018

CIMB Honoured With Eight Awards

CIMB Group (“the Group” or “CIMB”) was recently crowned top for its outstanding capabilities in the investment banking, trade finance and SME segments, through eight prestigious local and regional awards by Alpha Southeast Asia and Asiamoney.

Under the Alpha Southeast Asia 12th Annual Best Financial Institution Awards 2018, CIMB swept six awards which included Best Equity House (Malaysia), Best Institutional Broker (Indonesia), Best Retail Broker (Indonesia), and Best Islamic Finance Investment Bank (Malaysia), signifying the Group’s strong in-house capabilities in the capital markets, equities, and trade finance space.

The way Malaysians buy and sell products is set to be disrupted with the introduction of a revolutionary humanless retail technology called BingoBox Retail Technology.

Officially launched yestterday, the state-of-the-art, BingoBox Retail Technology is the brainchild of Scientific Retail Sdn Bhd (Scientific Retail), a joint venture between a group of visionary Malaysian shareholders and BingoBox, the pioneer of the humanless and cashless convenience store in China and the world.

IHH Healthcare Bhd, a leading premium global healthcare provider, announced yesterday that it will increase its majority equity interest in its existing Turkey subsidiary, Acibadem Holding, from 60% to approximately 90%, pursuant to the shareholders’ agreement (SHA) which was entered into in connection with IHH’s acquisition of a 60% equity interest in Acibadem Holding in 2011.

Under the SHA, Mehmet Ali Aydinlar and his wife Hatice Seher Aydinlar (collectively, “Aydinlar”) have the option to convert up to 15% equity interest held by them in Acibadem Holding into new IHH shares for a period of 10 years from 24 January 2012 (Aydinlar Option).

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