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Unifi Business and TNG Digital have announced a strategic partnership to accelerate 5G adoption and transform eWallet experiences for micro, small and medium enterprises (MSMEs) in Malaysia. The collaboration includes UNI5G Postpaid Biz and Touch ‘n Go eWallet Soundbox packages, which will be offered to more than one million MSMEs nationwide and will be available via in-app media and Unifi Stores. [From Left] Freddie Lee, TNG Digital’s Head of Merchant Services; Emilio Sta Maria, TNG Digital’s Head of Loyalty & Engagement; Kelvin Lee, Unifi’s General Manager for Fixed Mobile Convergence; and Mohamad Yusman Ammeran, Unifi Business’ Vice President, during the memorandum of understanding exchange between Unifi and TNG Digital at the Setapak Unifi Store. As the preferred digital partner for MSMEs, Unifi Business will deliver high-speed, low latency 5G connectivity. Its UNI5G Postpaid Biz solutions and 5G-enabled devices, coupled with the Touch ‘n Go eWallet Soundbox, will de...

Carlsberg Malaysia encourages key suppliers to embark on responsible sourcing practices and human rights compliance Carlsberg Malaysia hosted its inaugural Supplier Day, focusing on the environment and social governance of responsible supply chain management in pursuit of the brewer’s net zero carbon emissions commitments. Sixty-four upstream and manpower suppliers were briefed on the company’s stance on responsible sourcing practices and human rights compliance. They also learned about key issues shared by invited speakers from UN Global Compact Network Malaysia and Brunei (UNGCMYB), Capital Markets Malaysia (an affiliate of Securities Commission Malaysia) and Sedex Asia. In addition to strict compliance with the Carlsberg’s Supplier and Licensee Code of Conduct, the brewer also urged suppliers to keep abreast of the latest developments on labour and environmental regulations in both local and international fronts. Additionally, a strong emphasis was placed on human rights principles ...

Vietjet Air marked two key milestones in its ongoing collaboration with France during the state visit of Vietnam’s General Secretary and President To Lam. The airline celebrated the delivery of a new Airbus A321neo featuring a commemorative design for the 50th anniversary of Vietnam–France diplomatic relations, and signed a US$8 billion (approx. RM 34.31 billion) agreement with CFM International for more than 400 LEAP-1B engines. Vietjet Receives Airbus Aircraft Marking 50 Years of Vietnam–France Ties At Orly Airport in Paris, Vietjet welcomed the latest addition to its fleet - an Airbus A321neo featuring the symbol of the 45th anniversary of Vietnam-France diplomatic relations. The ceremony was attended by high-level representatives from both countries, including President To Lam, and French officials. Vietjet Chairwoman Nguyen Thi Phuong Thao, said: “Vietjet aircraft showcasing the symbol of 50 years of Vietnam–France diplomatic relations marks a milestone in the development of econo...

Vietjet and Castlelake, a global alternative investment manager specialising in asset-based investing with nearly 20 years of experience in aircraft investment, leasing, and servicing, have exchanged a Memorandum of Understanding (MOU) to finance the airline’s four aircraft valued at US$560 million (approx. RM2.37 billion). The event took place during the Vietnam-Ireland Business Forum in Dublin in the presence of Vietnam’s General Secretary and State President To Lam. As part of the MOU, Castlelake intends to provide financing for four new, modern Airbus A321neo aircraft under Vietjet’s existing order with Airbus. These aircraft are scheduled for delivery within 2024. This arrangement follows a financing agreement completed in 2023 for three Airbus A321neo aircraft and serves as a foundation for future cooperation on financing agreements to support Vietjet’s rapidly growing fleet. “Castlelake is pleased continue building its relationship with Vietjet and to support Vietjet’s mission t...

Celebrating 30 years of global chassis modules assembly and logistics excellence Malaysia: Presence since 2012 spread across two plants, serving diverse customer base. A total of 40million axle sets globally produced since 1994 A total of 1.9million carsets produced in AP Region and India since 2002 Acquisition focus also on Asian NEV companies Continuous growth through strong order intake and outsourcing Sales increase expected from actual USD 4.4bn to USD 8.8bn by 2029 Malaysia: Capacity expansion and new model launches to support Porsche’s car assembly in Malaysia Global automotive supplier ZF Foxconn Chassis Modules (ZFFCN) expects to double its annual sales from actual USD4.4bn (Euro 4bn) to USD8.8bn (Euro 8bn) by 2029. Contrary to the situational decline in the global automotive market, ZFFCN is benefiting from a strong order intake of top tier OEM such as BMW, Mercedes-Benz and Stellantis. ZFFCN has two plants in Malaysia which are located at Kulim and Pekan, catering to a diver...

In conjunction with World Pharmacist Day on 25 September, Malaysia’s largest prescription pharmacy chain, Alpro Pharmacy, launched its newest outlet at KidZania Kuala Lumpur today. Alpro Pharmacy, the only pharmacy in the interactive city for kids, joined the buzzing neighborhood that presents more than 70 role- play activities, offering children the chance to experience different professions through realistic, immersive experiences. Ph. Lim En Ni, the Engagement Director and Chief Pharmacist of Alpro Pharmacy said "Our expansion to KidZania Kuala Lumpur aligns with our vision for a healthy and vibrant world. At Alpro Pharmacy, our mission is to provide opportunities, health, and guidance to anyone striving for a better life. It's essential to introduce children early to the crucial role pharmacists play in their lives, particularly in ensuring medication safety. “KidZania's unique setting allows us to engage children through role-play activities that develop their critica...

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited financial statement for the first half of 2024 (H1/2024), reporting strong growth in revenue and profit year-over-year (YoY). According to the report, Vietjet’s air transport revenue reached VND33.862 trillion (approx. RM5.98 billion) in the first six months of 2024, slightly higher than the compiled financial statements. Pre-tax profit was recorded at VND1.166 trillion (approx. RM205.79 million), marking a remarkable increase of 688% YoY. The airline reported H1/2024 consolidated revenue of VND34.030 trillion (approx. RM6 billion) and consolidated pre-tax profit of over VND1 trillion (approx. RM176.49 million), representing YOY increases of 15% and 307%, respectively. As of June 30, 2024, Vietjet's total assets exceeded VND92.205 trillion (approx. RM16.273 billion). The debt-to-equity ratio remained at around 2.16, compared to a global average of 5. Its liquidity ratio stood at 1.39, which is within a favour...

Marriott International, Inc. has announced the appointment of Lisa Low as the Hotel Manager and Nuno Abreu as the Director of B&F (Beverage and Food) for W Kuala Lumpur ; the leading city escape in the heart of Kuala Lumpur City Centre with iconic views. W Kuala Lumpur made its debut in August 2018 – marking it the brand’s first foray into Malaysia. Lisa Low Lisa who has been with W Kuala Lumpur since February 2020 marking it her fourth year being with the W hotels brand is no stranger to the hotel industry and to the brand. Moving up and making a strong statement that women can do anything, the ever competitive and head strong Director of Sales & Marketing will be leading the team as she sees best with her can-do attitude and exuberant spirit. Prior to being the hotel’s connector, Lisa embarked on her career at the Four Seasons as a sales manager, before moving on to become the Assistant Director of Sales at The Westin Langkawi and Sheraton Imperial Kuala Lumpur simultaneousl...

AirAsia X Berhad (AirAsia X) continues its impressive financial performance, reporting its eighth consecutive profitable quarter. For the Second Quarter of 2024 (2Q24), which ended on 30 June 2024, the company recorded a net profit of RM4.8 million. This achievement comes despite the traditionally weaker second quarter and the absence of its full 18-aircraft fleet. Strong Financial Performance Driven by Robust Demand In 2Q24, AirAsia X generated a revenue of RM669.1 million, marking a 30% year-on-year (YoY) increase. This growth reflects the sustained demand in core markets as the company expanded its operational fleet to 16 aircraft. The company also reported Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) of RM58.4 million. Passenger numbers soared by 42% YoY, with over 880,000 passengers carried, outpacing the 30% YoY growth in seat capacity. The Passenger Load Factor (PLF) was strong at 83%, a seven percentage point increase YoY, with high-demand routes in Ch...

The investment will further cement Qatar Airways’ position as a key driver in realising economic and business potential on the African continent Qatar Airways Group has acquired a 25% stake in Southern Africa’s premier independent regional carrier, Airlink. The announcement is a continuation of the multi award-winning airline’s ambition to further develop its operations across the African continent. The investment in Airlink – which flies to more than 45 destinations in 15 African countries – will enhance a code-sharing partnership between the two airlines. The deal will bolster Qatar Airways’ Africa growth strategy and cement its role as a key driver to the continent’s economic success. On the announcement, Qatar Airways’ Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, said: “Our investment in Airlink further demonstrates how integral we see Africa being to our business’ future. This partnership not only demonstrates our confidence in Airlink, as a company that is resilien...

The insurtech company is named among the World's Top 150 InsurTechs by Statista and CNBC, and was awarded Most Disruptive Insurtech in Malaysia by the IAN Country Awards 2024, marking a quintuple victory this year. PolicyStreet, a leading insurtech company, is proud to be one of the three companies in Malaysia named among the World's Top 150 InsurTech Companies 2024 by CNBC and Statista. This accolade follows closely on the heels of PolicyStreet being awarded the Most Disruptive InsurTech in Malaysia at the Insurance Asia News (IAN) Country Awards for Excellence 2024. These awards underscore PolicyStreet’s dedication to enhancing insurance accessibility and inclusivity, particularly for underserved communities. The company’s range of embedded insurance products is tailored to meet diverse needs, featuring groundbreaking elements such as unemployment coverage , education allowance , inconvenience allowance , and professional indemnity . "Being recognised among the World’s T...

‘The Beating Heart of Qatar’ welcomed 325.1 million passengers since the start of its operations in 2014 Hamad International Airport (DOH), marks a significant milestone as the airport celebrates its 10th anniversary of connecting passengers to new experiences and memories, via Doha. Within the ten years of operations, the airport has triumphed as the ‘World’s Best Airport’ three times at the SKYTRAX World Airport Awards and was ranked as the airport with the second-best air connectivity in the Middle East in Airport Council International’s Air Connectivity Ranking 2023. These recognitions showcase the airport’s commitment to innovation and continuous improvement, and its customer centric approach and effective operational management which offers passengers a reliable and seamless travel experience. From May 2014 to May 2024, Hamad International Airport welcomed a total of 325.1 million passengers to its growing facility. The airport saw 2.1 million aircraft movements, carried 20.5 mil...

Qatar Executive is currently the only international operator of the ultra-modern G700 on a private charter basis The Qatar Airways Group subsidiary was also the first Gulfstream customer to receive delivery of the aircraft Qatar Executive (QE), the corporate jet subsidiary of Qatar Airways Group, has officially welcomed the delivery of two new Gulfstream G700 aircraft to the fleet, becoming the worldwide exclusive commercial operator of the aircraft. Qatar Executive is the first carrier to offer the Gulfstream G700 to charter customers, continuing to provide an ultra-modern fleet with the ultimate in aircraft capabilities, luxury and performance. Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, said: “Today we welcome the industry’s highest performance ultra-long-range business jet, Gulfstream G700 aircraft to the Qatar Executive fleet. “We are proud to enhance our existing fleet of 15 Gulfstream G650ER aircraft to include the pinnacle of business aviation exce...

As Part of a Historic Investment Towards Growth and Advancement Saudi Group announced the largest aircraft deal in Saudi aviation history with Airbus during the first day of the Future Aviation Forum 2024 held at the King Abdulaziz International Conference Center in Riyadh under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. This landmark agreement encompasses 105 confirmed aircraft and marks a significant moment not only for the Saudi aviation industry but also for the wider MENA region. The ceremony, in the presence of His Excellency the Minister of Transport and Logistics Services and Chairman of Saudi Arabian Airlines Corporation, Engr. Saleh Al-Jasser, was attended by dignitaries, country ambassadors, and key figures from the global aviation sector, as well as a multitude of media representatives and industry experts specializing in travel, aviation, and transportation. The deal, signed by H.E. Engr. Ibrahim Al Omar, the Director General...

Vietjet Aviation Joint Stock Company (HoSE: VJC) has concluded its 2024 General Meeting of Shareholders (GMS) and approved the business plan for 2024. The airline aims to maintain its leading position in the domestic market while further expanding its international flight network. The airline has also achieved remarkable results in Q1/2024, paving the way for a successful year ahead. High growth targets for 2024 Vietjet sets sights on surpassing VND 59 trillion (approx. RM 11.11 billion) in air transport revenue and VND 65.5 trillion (approx. RM 12.33 billion) in consolidated revenue for 2024, anticipating 10% and 12.4% year-on-year growth respectively. The airline is expected to safely operate 142,000 flights with more than 27.4 million passengers onboard. Vietjet’s Board of Directors also approved the 2024 profit distribution plan, in which dividends and advanced dividends will be paid in cash and stock at a maximum ratio of 25%. With its leading market share in the region, Vietjet a...

Kuala Lumpur Convention Centre’s new and revamped space for a unique and technologically-advanced meeting environment with dedicated solutions package The Kuala Lumpur Convention Centre (the Centre), Malaysia’s premier purpose-built business events destination, announces its newly refurbished meeting space that comes with a dedicated solutions package called SmartConnect@301. This exclusive space caters to event organisers seeking a unique and technologically advanced environment for their events. Nestled in a sun-drenched corner with breathtaking views, the exclusive space boasts a private balcony overlooking the iconic PETRONAS Twin Towers and the sprawling 50-acre KLCC Park. Designed with the Bring-Your-Own-Device (BYOD) culture in mind, the newly refurbished space seamlessly blends sophisticated comfort with cutting-edge technology. John Burke, general manager of the world-class venue said, “We are thrilled to introduce our new and revamped meeting space equipped with innovative fe...

EDOTCO Malaysia has announced the appointment of Y.A.M Tengku Arif Bendahara Pahang, Tengku Muhammad Iskandar Ri’ayatuddin Shah Ibni Al-Sultan Abdullah Ri’ayatuddin Al Mustafa Billah Shah as the Chairman of its subsidiary, Shahzan Alam Muda Sdn. Bhd. Shahzan Alam Muda is the only One Stop Agency (O.S.A) responsible for all telecommunications infrastructure development in the state of Pahang Darul Makmur. Following EDOTCO Malaysia’s acquisition of Touch Mindscape Sdn. Bhd. from Touch Group Holdings in December 2021, EDOTCO now holds an 80% ownership stake in Shahzan Alam Muda. Under the dynamic leadership of Y.A.M Tengku Muhammad Iskandar, Shahzan Alam Muda is poised to revolutionise its operations to become the benchmark for O.S.A. models nationwide, driven by data and digital innovation. Beyond streamlining permitting processes, Shahzan Alam Muda is committed to spearheading disciplined telecommunications infrastructure rollout in Pahang, ensuring equitable access to reliable digital ...