- Malaysia Set to Become an Integral Part of Global Aerospace Supply Chain
- Bursa Malaysia Records Higher Earnings, Revenue in FY17
- AmBank Group Bags Best Investor Relations Banking Group 2017
- The Internet crosses 4 billion user mark
- Honeywell Deploys Innovative Connected Buildings Technology for Iconic Tower in KL
- SpherePay Open Its Cryptocurrency ICO, Releasing 4 billion SAY Tokens For Sale
Malaysia Set to Become an Integral Part of Global Aerospace Supply Chain
Malaysia continues to strengthen its position at the global aerospace arena through its participation at the Singapore Airshow 2018. The Ministry of International Trade and Industry said Malaysia’s presence at Asia’s largest aerospace and defence event is important to highlight and promote the country’s capabilities, world class infrastructure and aerospace eco-system to the world. As an emerging aerospace outsourcing destination in South East Asia, Malaysia aims to attract quality aerospace investments as well as developing strategic partnership with global aerospace players. The Malaysian Pavilion will showcase Malaysia’s capability and strength as part of the global aerospace supply chain. The Pavilion highlights an inter-agency collaboration between NAICO, SME Corporation Malaysia, Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), Invest Selangor and Malaysian aerospace industry players. The Malaysian delegation also includes 18 small and medium enterprises (SMEs) currently being groomed by SME Corporation Malaysia under the Economic Transformation Program (ETP) known as Entry Point Project No 8 (EPP8): Developing SMEs in the Global Aerospace Manufacturing Industry Programme. The SMEs will be exposed to the dynamic and evolving nature of the aerospace sector globally, and will have the opportunity to position themselves to address future needs of the global aerospace industry.
Bursa Malaysia Records Higher Earnings, Revenue in FY17
Bursa Malaysia Bhd’s pre-tax profit for financial year ended 31 December 2017 (FY17) rose to RM305.88 million from RM270.59 million a year earlier. Revenue surged to RM556.83 million from RM506.78 million previously. In a statement today, Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan, said 2017 was one of the strongest years for the local equity market. The FBM KLCI saw growth of 9.4 per cent and market capitalisation grew by 14.4 per cent year-on-year to RM1.9 trillion, he said. “There was a significant increase in retail participation, which grew by 41 per cent y-o-y. This was in line with our continued focus to engage and educate by building our retail outreach efforts and financial literacy programmes, further expanding our retail base throughout the year,” he said.
AmBank Group Bags Best Investor Relations Banking Group 2017
AMMB Holdings Bhd (AmBank Group) has been named ‘Best Investor Relations Banking Group Malaysia 2017’ by the Global Banking & Finance Review (GBFR) in an annual poll. In a statement today, AmBank said the award came on the heels of the Alpha Southeast Asia’s 7th Best Corporate-Institutional Investor Awards 2017, where AmBank Group won the ‘Most Improved Investor Relations’ award and placed among the top three in ‘Most Organised Investor Relations’, ‘Strongest Adherence to Corporate Governance’ and ‘Most Consistent Dividend Policy’ categories in Malaysia. GBFR is a financial portal and print magazine based in the United Kingdom, offering financial news from industries worldwide. The GBFR Awards recognise companies of all sizes and which were prominent in particular areas of expertise and excellence within the global financial community.
The Internet crosses 4 billion user mark
The number of internet users in the world has now surpassed the four billion mark, putting more than half the global population online. HOOTSUITE, a widely used social media management platform, and We Are Social, a global socially-led creative agency, released Digital in 2018, a report on social media and digital trends around the world. The report represents 239 countries and territories. The report said social media brings nearly 3.2 billion active users online to connect with each other, consume media, interact with brands, and more.
The 2018 key findings include:
- Internet user numbers increased 7% in the last 12 months to hit 4.021 billion, or 53% of the world’s population
- Global social media usage has increased by 13% in the last 12 months, reaching 3.196 billion users
- Mobile social media usage has increased by 14% year over year to 2.958 billion users, with 93 percent of social media users accessing social from mobile
- Internet users are projected to spend a combined total of one billion years online in 2018, of which 325 million years will be spent on social media
Mobile dominates in Asia Pacific. Forty one percent of the population are active on social media using mobile devices. Since 2017, social media users have grown by 14%, raising social media penetration in the region to 42%. Overall, internet users surpassed the two billion mark, growing 5% in the past year alone. The report also found that global growth of the internet is propelling e-commerce forward, with 1.77 billion internet users purchasing consumer goods online in 2017, an increase of 8% compared to a year ago. Collectively, consumers spent a total of US$1.474 trillion (RM5.73 trillion) on e-commerce platforms in the past 12 months, 16% more than in 2016.
Honeywell Deploys Innovative Connected Buildings Technology for Iconic Tower in KL
Honeywell, a global leader in connected buildings, has been awarded a USD$14 million, multi-year project for the Iconic PNB 118 Tower to supply smart buildings technologies such as complete security and building management systems. The iconic landmark located within the Warisan Merdeka development is set to become the fifth tallest building in the world upon completion in 2020. PNB 118 is owned by PNB Merdeka Ventures Sdn Berhad, a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB), with Turner International Sdn Bhd as the project manager for the mixed-use development. Commencing in late 2017 with completion in late 2020, the project includes the installation, testing and commissioning of Honeywell’s connected buildings systems. Honeywell’s solutions will help provide operational intelligence for better decision making, improve real-time response, reduce risk and operational and life cycle costs, and optimize overall building performance.
SpherePay, Singapore FinTech Company Open Its Cryptocurrency ICO, Releasing 4 billion SAY Tokens For Sale
Singapore homegrown mobile payment app company SpherePay officially opens its Initial Coin Offering (ICO), also known as Initial Token Sale, today. Earlier this month, SpherePay announced that it will launch a total of 10 Billion SAY token, of which, 40% will be distributed for sale via ICO. According to a company spokesperson, the company has already received many inquiries from interested buyers from Japan to the United States and many more parts of the globe. From today, interested buyers and investors can purchase SAY via exchanging Ethereum (ETH) tokens to SAY tokens on cryptocurrency digital wallet such as MyEtherWallet, ImToken or other wallets which are ERC20 compatible. Buyers and investors are advised not to use any other exchanges to transfer the ETH, only transfers via the digital wallets will be accepted.