BUSINESS

News in Brief: March 1, 2022

01/03/2022 06:31 PM

The state of JOHOR made its debut at the Expo 2020 Dubai with a Johor Week (Feb 27-March 5) at the Malaysian Pavilion during the 22nd week of the six-month event. Themed “The Southern Jewel of Malaysia”, the event showcases the state's investment potential in six sectors, namely digital, logistics, real estate, infrastructure and construction services and agriculture.

In a statement today, Iskandar Investment Bhd said the Johor State Economic Planning Division has scheduled a full business programme with talks and business matching sessions.

“The week's highlights include the signing of at least three memoranda of understanding with organisations from Malaysia, the United Arab Emirates and South Africa with an investment value of more than RM100 million,” the statement said.

Malaysia Digital Economy Corporation (MDEC) will officially launch MDEC's Global Testbed Incentives with IIB Ventures Sdn Bhd. This initiative features a funding scheme to attract foreign technology companies to test their solutions in Malaysia and, in turn, position Malaysia as the ASEAN technology hub, the statement said.

-- BERNAMA

 

DIGI TELECOMMUNICATIONS SDN BHD unveiled its enhanced Digi Postpaid plans, which provides additional Internet quota for new and existing customers, offering more free add-on options with Digi Freedom Add-Ons. It also introduced Digi Postpaid Family Unlimited, an affordable family bundle with unlimited Internet and calls.

Digi said starting today, customers on Digi Postpaid 60 will be upgraded from their 25GB data plan to 30GB, Digi Postpaid 120 from 65GB to 70GB, and Digi Postpaid 150 from 85GB to 90GB.

“Customers will also get the flexibility to choose from a wider range of Freedom Add-Ons; they can opt for additional all-usage, high-speed Internet or a choice of unlimited Internet for streaming, social media, or gaming,” the telco said in a statement today, .

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Tech company SEDANIA INNOVATOR BHD recorded a net profit of RM8.52 million for the financial year ended Dec 31, 2021 compared to a net loss of RM10.23 million a year ago, while revenue surged to RM49.10 million from RM29.74 million previously.

Sedania said in a statement today that stronger sales from its sustainable energy and sustainable healthcare segments collectively contributed 87 per cent to group revenue.

It expects to perform better in the 2022 financial year as it focuses on these two segments to grow the company.

-- BERNAMA

 

HYUNDAI-SIME DARBY MOTORS (HSDM) will be rolling out Hyundai’s electric vehicle, the IONIQ 5, this month after the success of its Kona Electric model last year. IONIQ 5 is now open for booking at all authorised Hyundai showrooms with a booking fee of RM1,000.

Managing director, retail and distribution of Sime Darby Motors Malaysia Jeffrey Gan said Hyundai is expected to lead the electric vehicle market segment in Malaysia as more electric vehicles are expected to be rolled out over the next three years.

“The Kona Electric introduced last year was a resounding success with the first batch sold out. We expect demand for the IONIQ 5 to surpass that of Kona Electric. Given how well received Hyundai-brand electric vehicles are here, we have lined up more electric models,” he said.

-- BERNAMA

 

MALAYSIAN RESEARCH ACCELERATOR FOR TECHNOLOGY AND INNOVATION’s (MRANTI) first of a series of industry discussions have discovered that Malaysia has incredible potential, but tighter collaboration is needed within the innovation ecosystem to harness its potential.

“A strong technology transfer office mechanism between the academia, government and investors to accelerate innovation to commercialisation is needed,” it said in a statement today.

Currently, MRANTI said Malaysia’s commercialisation rate is only at an estimated 5.0 to 10 per cent, compared to highly-developed economies like Japan or the United States, where commercialisation rates are as high as 60 per cent.

-- BERNAMA

 


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