Economy of Malaysia

MMC Corporation Berhad chooses Ramco Systems to digitally transform five ports in Malaysia's single largest port transformation programme

Friday, April 9, 2021 - 3:30pm

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • "With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

MMC Corporation Berhad Chooses Ramco Systems to Digitally Transform Five Ports in Malaysia's Single Largest Port Transformation Programme

Thursday, April 8, 2021 - 9:00am

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

Volcano IPO Debut Sees Jump of 100% to 70 sen on ACE Market

Tuesday, April 6, 2021 - 9:00am

KUALA LUMPUR, Apr 6, 2021 - (ACN Newswire) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today.

Key Points: 
  • KUALA LUMPUR, Apr 6, 2021 - (ACN Newswire) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today.
  • In today's highly competitive business environment, this expansion will accelerate our move towards automation and streamline our manufacturing process to ensure sustainable growth.
  • Volcano's foreign market accounts for more than 95% of overall revenue in the financial year ended 31 December 2020.
  • TA Securities Holdings Berhad is the Principal Adviser, Sole Placement Agent, Sole Underwriter and Sponsor for the IPO exercise.

Resorts World Las Vegas Unveils Culinary Portfolio Featuring a Diverse Mix of Dining Venues, Restaurant Partners and Cocktail Lounges

Thursday, April 1, 2021 - 2:00pm

LAS VEGAS, April 1, 2021 /PRNewswire/ --Opening this summer, Resorts World Las Vegas is introducing its dynamic dining and cocktail portfolio.

Key Points: 
  • LAS VEGAS, April 1, 2021 /PRNewswire/ --Opening this summer, Resorts World Las Vegas is introducing its dynamic dining and cocktail portfolio.
  • "Our guests will have no shortage of incredible dining options when they visit the resort," said Resorts World Las Vegas Vice President of Food and Beverage Bart Mahoney.
  • Sun's Out Buns Out Thisplayful eatery, developed by Resorts World Las Vegas, will present an innovative take on comfort food, starring one key ingredient: eggs.
  • Resorts World Las Vegas is being developed by Genting Berhad, a publicly traded Malaysian corporation registered with the Nevada Gaming Commission.

Bin Zayed International targets RM100 billion FDI to Malaysia in the next few years

Tuesday, March 30, 2021 - 10:30pm

KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.

Key Points: 
  • KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.
  • In a formal letter to the Prime Minister of Malaysia, BZI expressed its strong interest to invest in Malaysia via an exclusive collaboration with Widad Business Group.
  • Starting with Widad@Langkasuka, we believe that our involvement in projects here can bring in FDI of more than RM100 billion for the next few years.
  • This strong cash flow influx can assist to provide a significant recovery boost for the Malaysian economy as well as the creation of more than 30,000 jobs," he added.

Malaysia Two Wheeler (Motorcycle, Scooter & Mopeds) Market, Forecast & Opportunities, 2021-2026 - ResearchAndMarkets.com

Thursday, February 11, 2021 - 3:22pm

The Malaysian Two Wheeler Market was valued USD 0.81 Billion in 2019 and is forecast to grow at CAGR of 8.96% until 2025, to reach USD 1.07 Billion by 2025.

Key Points: 
  • The Malaysian Two Wheeler Market was valued USD 0.81 Billion in 2019 and is forecast to grow at CAGR of 8.96% until 2025, to reach USD 1.07 Billion by 2025.
  • Anticipated growth in the market can be attributed to increasing penetration of motorcycles as compared to four-wheelers in the country.
  • Government initiatives such as tax incentives and favourable regulations will play a key role in the adoption of electric two-wheelers in the coming years.
  • Major companies operating in the two wheeler market of Malaysia are Boon Siew Honda Sdn Bhd, Suzuki Malaysia Sdn Bhd, Hong Leong Yamaha Motor, TVS Motor Company, Kawasaki Motors (Malaysia) Sdn Bhd, Sanyang Motor Co., KTM Malaysia, Motosikal dan Enjin Nasional Sdn Bhd, Harley Davidson Petaling Jaya and Eclimo Sdn Bhd.

Toga Limited’s Yippi App Was Recognized as the 2020 International Innovation Award Winner

Monday, January 11, 2021 - 5:44pm

PETALING JAYA, Malaysia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Toga Limiteds (OTC: TOGL), wholly-owned subsidiary, TOGL Technology Sdn Bhd (TOGL Technology), was honored to receive the 2020 International Innovation Award for its social messaging app YIPPI.

Key Points: 
  • PETALING JAYA, Malaysia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Toga Limiteds (OTC: TOGL), wholly-owned subsidiary, TOGL Technology Sdn Bhd (TOGL Technology), was honored to receive the 2020 International Innovation Award for its social messaging app YIPPI.
  • We are honored that Enterprise Asia recognized us as one of the 2020 International Innovation winners.
  • With two other awards given in 2020 including the Golden Bull Award 2020 for Outstanding SMEs and The BrandLaureate SMEs BestBrands e-Branding Award for 2020, Toga Limited and YIPPI are being recognized for our achievement in the development of YIPPI, a daily essential app that offers messaging, social media, eShop, wallet, entertainment and sticker collections.
  • The International Innovation Award qualifies YIPPI to receive the InnoMark global certification for innovation, which recognizes innovations on a proprietary 8-dimension system.

Malaysia Residential Electric Water Pump Markets, Competition, Forecast & Opportunities 2015-2019 & 2020-2025 - ResearchAndMarkets.com

Wednesday, November 11, 2020 - 2:44pm

The "Malaysia Residential Electric Water Pump Market, by Well Type, by Pump Type, by Function Type, by Power Rating, by Price Range, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Malaysia Residential Electric Water Pump Market, by Well Type, by Pump Type, by Function Type, by Power Rating, by Price Range, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
  • The country's residential electric water pump market is driven by rise in residential construction coupled with increase in water management activities in domestic households.
  • The Malaysian Residential Electric Water Pump Market is segmented based on well type, function type, pump type, power rating base, price range and region.
  • Major players operating in the Malaysian Residential Electric Water Pump Market include Panasonic Malaysia Sdn Bhd, Hitachi Sales (Malaysia) Sdn, Mitsubishi Electric Corporation, Grundfos Pumps Sdn Bhd, Joven Electric Co. Sdn.

Tellimer adds Asia equity experts CGS-CIMB to global Insights network

Thursday, September 10, 2020 - 8:00am

LONDON, Sept. 10, 2020 /PRNewswire/ -- Tellimer Group ("Tellimer), the London-headquartered financial information & data platform today announces the addition of CGS-CIMB, a global leader and expert on Asia-Pacific equity markets, to its ground-breaking global Insights network.

Key Points: 
  • LONDON, Sept. 10, 2020 /PRNewswire/ -- Tellimer Group ("Tellimer), the London-headquartered financial information & data platform today announces the addition of CGS-CIMB, a global leader and expert on Asia-Pacific equity markets, to its ground-breaking global Insights network.
  • Tellimer clients will also be able to gain access to CGS-CIMB research exclusively via the Tellimer Insights platform.
  • Duncan Wales, CEO of Tellimer Group, said: "This agreement with CGS-CIMB marks another important milestone in the expansion of our network.
  • Alongside original content produced by its own in-house team of analysts, Tellimer's global network of experts offers market-leading insights on sovereign and corporate credit, equities, fixed-income and macroeconomics Insights on the world's emerging markets.

Malaysia Telecom Operators Country Intelligence Report 2020 - Digi, Maxis, and Celcom Accounted for 69.8% of the Total Mobile Subscriptions in 2019 - ResearchAndMarkets.com

Tuesday, July 14, 2020 - 10:51am

Malaysia Telecom Operators Country Intelligence Report provides an executive-level overview of the telecommunications market in Malaysia today, with detailed forecasts of key indicators up to 2024.

Key Points: 
  • Malaysia Telecom Operators Country Intelligence Report provides an executive-level overview of the telecommunications market in Malaysia today, with detailed forecasts of key indicators up to 2024.
  • Mobile data accounted for 37.4% of total telecom services revenue in 2019 and will remain the largest revenue contributing segment through 2024.
  • 4G represents the leading mobile service technology in Malaysia and accounted for 74.1% of the total mobile subscriptions at the end of 2019.
  • The top three mobile operators, Digi, Maxis, and Celcom accounted for 69.8% of the total mobile subscriptions in 2019.