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BUSINESS

News in brief: May 3, 2021

03/05/2021 06:43 PM

MALAYSIA DIGITAL ECONOMY CORPORATION (MDEC), the lead agency given the mandate to spearhead the country’s digital transformation, today announced the appointment of Mohd Afdhal Mohd Nayan as its new transformation chief executive.

In a statement today, MDEC said Mohd Afdhal will be involved in efforts to drive its mission to ‘reinvent’ the agency as well as expedite its capability to realise the Malaysia Digital Economy Blueprint (MyDIGITAL) aspiration.

MDEC chairman Datuk Wira Dr Rais Hussin Mohamed Arif said Mohd Afdhal is a proven transformation expert and has a performance track record at AirAsia Group Bhd.

"He is seen as a suitable leader for the ‘Reinvent’ mission (aspiration) which is being implemented by MDEC.

"I am confident he would accelerate the transformation initiative to make MDEC as an agency that is efficient and able to operate at the highest level of integrity in an effort to make Malaysia as the ASEAN Digital Pulse," added Rais.

-- BERNAMA

 

 

YTL FOUNDATION has extended its free phone and data programme for B40 families with school-going children under its Learn From Home initiative to Sept 30 2021.

It said the move comes in the wake of the Education Ministry’s April 26 announcement that national schools will move into the online teaching and learning model for two weeks post-Hari Raya.

In a statement today, programme director Datuk Kathleen Chew said YTL Foundation believes that every child should have unfettered access to learning and even as the nation moves to home-based teaching and learning once again, the learning should not stop.

"This is especially imperative for B40 families, many of whom do not have the means to provide smartphones and data for their children to stay connected with their teachers.

"Our aim is to expand the number of digitally-connected students in the country to ensure that no one is left behind," she added.

-- BERNAMA

 

 

OCR GROUP BHD remained steadfast that it can deliver the first phase of Kuantan’s largest affordable homes scheme, PRIYA Kuantan, in early 2022.

In a statement today, it said despite the numerous challenges faced in 2020 due to the COVID-19 pandemic, OCR had ramped up its construction activities through site planning optimisation and appointment of additional contractors to ensure smooth delivery of development.

“PRIYA Kuantan, which is our first development of mass scale affordable housing project, received a stellar reception with over 90 per cent of units taken up as of end-March 2021.

In response to the robust demand, the company had accelerated the construction progress, and as at March 31 2021, it completed over 40 per cent of the development despite multiple hurdles encountered in 2020,” it added.

Launched in the first quarter of 2019, PRIYA Kuantan is a 50:50 joint-venture between OCR’s subsidiary, OCR Properties (Kuantan) Sdn Bhd, and Yayasan Pahang to develop the 40.47-hectare land in Kuantan, Pahang with a gross development value of RM166 million.

-- BERNAMA

 

 

KRAVVE.CO, an impact driven software-as-a-service enabled marketplace that allows home cooks and small food businesses sell their hand made food and groceries online, has successfully raised RM1.25 million (US$306,206) on equity crowdfunding platform.

In a statement today, the company said it attracted the confidence of 159 investors with 11.11 per cent of total equity offered through pitchIN, Malaysia’s leading equity crowdfunding (ECF) platform, with the highest individual investment value of RM222,500 (US$54,270).

Founded two years ago, Kravve.Co is currently the largest moms and pops food and groceries marketplace in Malaysia with over 1,000 sellers across the country and 70,000 users to-date.

Chief executive officer and co-founder Teh Yong Lin said the funds raised would be used for the company’s future expansion plans.

“This includes an allocation of 20 per cent of funds to cater to its first foray beyond the Malaysian shores into Singapore, 35 per cent for marketing efforts, and 45 per cent to be allocated towards building manpower strength,” he added.

-- BERNAMA

 

 

KIP GROUP OF COMPANIES’s subsidiary, Genuine Icon Sdn Bhd, has entered into a partnership with Lotuss Stores (Malaysia) Sdn Bhd, formerly known as Tesco Stores (Malaysia) Sdn Bhd, in Kuantan, Pahang.

In October 2020, Lotus’s had signed a master lease agreement of five consecutive terms of three years each with KIP Group to open a new store in Bandar Indera Mahkota, with a land size area of approximately 293,766 square feet.

“The signing of the master lease agreement facilitated the forging of a landlord and tenant relationship for KIP Group to lease the facilities, infrastructure and landscaping for Lotus’s to operate in Bandar Indera Mahkota,” it said.

The commercial centre is targeted to commence operations in June 2022, it added.

-- BERNAMA

 

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