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Alpro Pharmacy Launches Landmark Establishment in KidZania Kuala Lumpur

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’s H1/2024 financial results show exceptional revenue and profit growth amid rapid expansion

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

W Kuala Lumpur Makes Dual Promotion To Its Leadership Team

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 Achieves Eighth Consecutive Profitable Quarter with RM4.8 Million Net Profit Despite Seasonal Challenges

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

Qatar Airways acquires 25% stake in Airlink

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

PolicyStreet Earns Dual Accolades: Revolutionising Insurance Accessibility in the Region

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

Hamad International Airport Celebrates a Decade of Operational Excellence

‘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 Welcomes the World’s First Gulfstream G700 Aircraft to Doha

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

Saudia Group and Airbus Sign the Largest Aircraft Deal in Saudi Aviation

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 targets 27 million passengers and a 25% dividend payout after a strong performance in Q1 2024

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 Unveils Revamped Meeting Space with Dedicated Meeting Solutions Package

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 Appoints Y.A.M Tengku Arif Bendahara Pahang as Chairman of Shahzan Alam Muda

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

Vietjet’s 2023 audit report: robust growth in international flight network with air transport revenue of RM10.24 billion

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited financial statements for 2023, showcasing significant growth throughout the year. The audited separate air transport revenue and consolidated revenue were reported at VND53.7 trillion (approx. RM10.24 billion) and VND58.3 trillion (approx. RM11.11 billion) respectively, marking a 62% and 45% year-on-year increase respectively. Notably, the company recorded a pre-tax air transport profit turnaround and consolidated profit of VND471 billion (approx. RM89.79 million) and VND606 billion (approx. RM115.52 million) respectively. Ancillary and cargo revenue totaled nearly VND21 trillion (approx. RM4 billion), surpassing previous financial statements and increasing by over 60% year-on-year, accounting for 39% of the total air transport revenue. As of 31 December 2023, Vietjet's total assets exceeded VND86.9 trillion (approx. RM16.57 billion). The company's debt-to-equity ratio stood at 2, well below the typical g

AdtoPilot, Guangdong, Shanghai Advertising Association and Greater Bay Area Brands Alliance to Boost Cross-Border Advertising Efforts for Businesses in Malaysia

AdtoPilot, an artificial intelligence and advertising agency, has entered into a Memorandum of Understanding (MoU) with the Guangdong Advertising Association (GDAA), Shanghai Advertising Association (SHAA), and Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance (GBABA) to foster enhanced cooperation between Chinese and Malaysian brands in the realm of advertising and marketing. From left: Mr. Ken Chin, Founder of AdtoPilot; Mr. Chen Dianlong, Chairman of Guangdong Advertising Association; Mr. Gareth Chiu, Chairman of Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance The MoU was signed by key executives, including Mr. Ken Chin, Founder of AdtoPilot; Mr. Chen Dianlong, Chairman of Guangdong Advertising Association, Mr. Du Guigen, Chairman of Shanghai Advertising Association; and Mr. Gareth Chiu, Chairman of Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance. The occasion marks a huge milestone in the efforts to bolster advertising, production services, and AI-b

TNG Digital reflects on 2023 performance and outlines vision for 2024

TNG Digital Sdn. Bhd. (“TNG Digital”), Malaysia's leading fintech player and operator of Touch 'n Go eWallet, held its first media briefing of the year today, reflecting on its market position and outlining its strategic outlook for 2024. Foo Yeong Jin, Chief Risk Officer; Desmond Teoh, Head of Financial Services; Alan Ni, Chief Executive Officer; Mohd Herman Sarbini, Chief Operations Officer; and Chiew Wei Wing, Chief Product Officer of TNG Digital Sdn Bhd hosting a media briefing with key media, recapping its business performance in 2023 and forecasting the upcoming plans in 2024 In his address, Alan Ni, CEO of TNG Digital, acknowledged the company's significant growth and market leadership in Malaysia. With a focus on providing accessible digital financial solutions, Touch ‘n Go eWallet has steadily grown its user base and merchant touchpoints, achieving notable milestones: Over the years, Touch ‘n Go eWallet has demonstrated substantial growth, with the 2023 Total

Vietjet Unveils Major Deals With Airbus, Rolls-Royce, Pratt & Whitney and Safran At The Singapore Airshow 2024

New-age airline Vietjet solidifies its commitment to safety, efficiency, and sustainability through strategic alliances forged at the ongoing Singapore Airshow 2024 with industry giants Airbus, Pratt & Whitney, and Safran Aerosystems. These collaborations mark significant milestones in Vietjet’s journey towards enhancing, empowering, and supporting the airline’s fleet and flight network expansion for its future growth. Vietjet and Airbus Announce the Order for 20 Widebody A330neo Vietjet secures a landmark agreement with Airbus, signing a Memorandum of Understanding (MoU) for the order of 20 A330neo (A330-900) widebody aircraft, marking one of the airshow’s largest deals thus far and Vietjet’s most substantial widebody purchase to date. These aircraft will serve Vietjet’s expanding long-range network and high-capacity regional services, replacing the carrier’s current leased A330-300 fleet. The A330neo order not only supports network expansion and operational efficiency, but also a

Vietjet Reports Remarkable Year-Over-Year Revenue Growth, Surpassing US$2.5 Billion and Shining as a Global Industry Trailblazer

Vietjet Aviation Joint Stock Company (HOSE: VJC) proudly announced its outstanding business performance for 2023, positioning itself as a resilient and rapidly growing force in the global aviation industry. Last year, Vietjet operated 133,000 flights with 25.3 million passengers onboard (excluding Vietjet Thailand), reflecting a remarkable surge of 183% year-on-year. Notable expansions included the addition of 33 new international and domestic routes, bringing the total to 125 routes. Vietjet achieved a significant milestone by becoming the first airline to connect Vietnam with Australia's five largest cities: Sydney, Melbourne, Perth, Adelaide, and Brisbane. Strengthening its position as the largest operator between Vietnam and India, Vietjet expanded routes to cities such as Delhi, Mumbai, Ahmedabad, Kochi, and Tiruchirappalli. Vietjet reported a robust consolidated revenue of VND 62.5 trillion (approx. RM 12.1 billion) in 2023, showcasing a substantial 56% year-on-year growth. T