Negative Growth of 68.2% For Tourist Arrivals In The First Half of 2020

Malaysia registered 4,252,997 tourist arrivals in the first half of 2020, marking a decrease of 68.2% compared to the same period in 2019. Last year, Malaysia received over 13.3 million tourist arrivals from January until June. For the first six months of 2020, the tourist expenditure recorded a total of RM12.5 billion, a decrease of 69.8% compared to RM41.6 billion received for […]

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ScaleUp Partners Asia’s Quest Ventures to Take Local Solutions Global

ScaleUp Malaysia today announced that they have entered into an exclusive partnership with Quest Ventures, a Singapore-based venture capital firm to invest and scale the regional growth of top Malaysian startups. The partnership with Quest Ventures will bring in a Foreign Direct Investment deal worth US$1,000,000 (RM4,150,000) to develop and grow Malaysian startups. To qualify for the […]

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Petronas Increases Accessibility to Cleaner Energy

 As part of the Company’s latest customer-centric solution to facilitate the growth of cleaner energy use across Peninsular Malaysia, PETRONAS recently launched the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor. The VPS solution that was developed by the Gas & Power business of Gas and New Energy and marketed […]

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AmBank to Assist 300 Eligible SMEs

 The third season of the AmBank BizRACE was recently launched in July 2020 with an aim to help SMEs future-proof their business in light of the COVID-19 pandemic – particularly in the areas of Industrial Revolution 4.0, Digitalisation and Halal Certification. All three tracks will provide participants with development as well as guidance to apply […]

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CEOs’ Business Confidence Shaken in The Wake of COVID-19 Crisis

According to the 2020 KPMG Global CEO Outlook report, only 22 percent of CEOs in Asia Pacific remain confident about the growth prospects of the global economy over the next three years (a significant drop from 67 percent in January 2020). But on a more positive note, CEOs are much more assured in the resilience of their […]

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Dairy Farm Debuts New Brand Meadows in Malaysia

 Drive by the mission to make consumers’ life a little easier with high-quality, tasty food choices at great value, the Dairy Farm Group has officially launched the Meadows brand in Malaysia. The range of Meadows products will be exclusively available at Giant, Cold Storage, Mercato, TMC, G-Ekspres and ShopSmart all over Malaysia. Created as a […]

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CIMB Group Announces 1H20 Profit Before Tax of RM910 Million

CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) announced a profit before tax (“PBT”) of RM910 million and net profit of RM785 million for the first half period ended 30 June 2020 (“1H20”), down from RM3.56 billion and RM2.70 billion recorded respectively in the corresponding period last year. This translates to a lower annualised […]

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PETRONAS Setel-Mesra Bonanza To Reward 110 Winners Weekly

PETRONAS Dagangan Berhad (PDB) launched the PETRONAS Setel-Mesra Bonanza Campaign, in its effort to continuously reward its loyal customers with cash and fuel vouchers, which will benefit a total of 992 winners. Every week from 15 August to 15 October 2020, 10 first prize winners will stand a chance to win RM3,000 in cash while 100-second […]

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CIMB AND Berjaya Sompo Introduce Secure Home

CIMB Bank Berhad (“CIMB” or “the Bank”) in collaboration with Berjaya Sompo Insurance Berhad (“Berjaya Sompo”) have introduced Secure Home, a first online all risks protection insurance plan that covers both household goods and personal belongings in your home against loss and damage, on a first loss basis. Secure Home, along with selected SOMPO Motor and other general insurance […]

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