MyIX chairman Chiew Kok Hin (seated, second right in red shirt) with his committee at the association’s recent AGM.

MyIX Targets Expanded Membership and Partnership Base

The Malaysia Internet Exchange (MyIX) is expanding its membership and partnership base to also include enterprises in line with the continued evolution of the internet landscape. Having been established in 2006 as an initiative under the Malaysian Communications Multimedia Commission (MCMC), membership was previously restricted to internet service providers (ISP) before being broadened to also […]

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Automotive Segment To Spearhead UMW Financial Performance

Spearheaded by its Automotive segment following encouraging sales achieved by UMW Toyota Motor (UMWT) and its 38%-associate company Perodua in July, UMW Holdings Berhad is looking forward to an improved financial performance in the second half of 2020.  The Group’s automotive market share is estimated at 52% in July, higher than the 51.4% registered in […]

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AXA Offers Road Protection At The Touch Of A Button

The plan comes with a complimentary wire-free and self-powered Microtag device that can be easily attached to anywhere within reach inside the vehicle. It automatically connects with SmartDrive Safe mobile app via Bluetooth for Automatic Driver Recognition. In the event of a road accident, vehicle breakdown or emergency, help is just a button away. Drivers will only […]

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Citi Names Lee Lung Nien As South Asia CPB Chairman

Leading global bank, Citi has appointed Lee Lung Nien as the Citi Private Bank (CPB) South Asia chairman, effective Sept 1, 2020. To be based in Singapore, Lee will be reporting to Steven Lo, CPB Asia Pacific regional head and Amol Gupte, ASEAN head and Citi country officer for Singapore. In a statement, the group said Lee is currently […]

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HSBC Malaysia, MDEC Inks MoU To Encourage Digital Leap For Businesses

HSBC Malaysia and the Malaysia Digital Economy Corporation (MDEC) have signed a memorandum of understanding (MoU) focused on enhancing the adoption of technology among small and medium enterprises (SMEs), large local corporates and multinational companies (MNCs) in the country.  The signing marked the first MoU between both organisations, highlighting the critical role of public-private partnerships in […]

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SAP Intends Qualtrics IPO to Boost Market Potential

SAP SE (NYSE: SAP) recently announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast growing and rapidly evolving market. SAP intends to remain the majority owner of Qualtrics. SAP’s primary objective for […]

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HP Malaysia Helps Government, Businesses, and Communities

HP Inc, an American multinational information technology company, has announced support to government bodies, businesses and communities in Malaysia as the nation embarks on the road to recovery from the recent pandemic. The support from HP Malaysia includes personal protective equipment (PPE), 3D printed face-mask adjuster, and HP product donations. HP Malaysia’s employee and HP […]

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Manual Finance, Administrative Processes Could Cost Malaysia RM1.73b of GDP Per Year

Despite continuous encouragement by the Malaysian government for local businesses to digitise their operations, much more could be done to address inefficiencies caused by traditional manual processes. A new study comissioned by SAP Concur involving local respondents revealed that manual finance and administrative processes are resulting in productivity losses, estimated at some US$405 million (RM1.73 billion) […]

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BNM Reduces OPR to 1.75pc to Quicken Economic Recovery

Bank Negara Malaysia (BNM) has reduced the Overnight Policy Rate (OPR) by 25 basis points to 1.75 percent. BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00 percent and 1.50 percent, respectively. The central bank in a statement said the reduction in the OPR will provide […]

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