KUALA LUMPUR, 14 July 2020 – Malaysia’s leading eCommerce platform Lazada Malaysia continues to direct its efforts to support micro and small and medium-sized enterprises (MSMEs) through the government’s Micro and SMEs E-commerce Campaign, with a ringgit-for-ringgit co-funding program under the digital-led National Economic Recovery Plan (PENJANA). The initiative aims to benefit an estimated 30,000 local MSMEs to help them mitigate the impact of pandemic by going digital, to prepare for the post COVID-19  era. 

“In addition to our previous RM10 million Pakej Kedai Pintar stimulus plan which has aided 50,000 SMEs from April to June, Lazada will continue to boost local MSMEs by partnering with the government to quicken their recovery in the nation’s post-MCO era. With one-third of the population shopping online through our platform every month, we are confident that our continued investment into Malaysia’s small business community will augment Malaysia’s digital ecosystem and further bolster the recovery of the nation’s economy.” said Leo Chow, Chief Executive Officer of Lazada Malaysia. 

KUALA LUMPUR, 14th July 2020: Tesco Stores (Malaysia) Sdn Bhd (Tesco) and NE Suria Satu Sdn Bhd (NESS), a joint-venture company of PETRONAS and NEFIN Group, have entered into the largest long-term Power Purchase Agreement (PPA) (Tesco-NESS PPA) for solar energy in Malaysia. The first phase of the Tesco-NESS PPA will see the installation of solar photovoltaic (PV) panels on the rooftop spaces of 15 Tesco stores nationwide. The Tesco-NESS PPA will run for 20 years until 2040.

Once the installation is completed in October 2020, the solar PV panels will collectively generate about 18 gigawatt hours (GWh) of clean energy per year, thus reducing approximately 13,624 tonnes of carbon emissions into the atmosphere. The power generated from the solar PV panels can also light up as many as 104 Olympic-sized stadiums simultaneously or 804,905 three-bedroom homes for an entire year.

By David Ng, Chief Revenue Officer, KPISOFT

The pandemic has left us all in uncharted territory, affecting all sectors of work around the world. The expected global economic impact could amount to USD 8.8 trillion in losses expected as a result of the COVID-19 outbreak. As nations around the world begin to ease regulations in the attempt to revive their respective economies, many uncertainties remain.