NEWS IN BRIEF: JUNE 7, 2022

BINTAI KINDEN CORPORATION BHD's Bintai Energy Sdn Bhd has been appointed exclusive authorised distributor of Wolff Pipelines Ltd’s (Wolff) piping products.

The company will stock and supply Wolff stainless and carbon steel pipes, flanges and fittings in accordance with the American and European standards for the oil and gas (O&G) market in Malaysia.

Executive director Azri Azerai said Bintai Energy’s appointment will enhance the company’s product offerings and enable it to tender for more O&G contracts.

The appointment is valid for a period of two years effective June 1, 2022.

-- BERNAMA

KASPERSKY's anti-phishing system blocked a total of 11.26 million phishing links in Southeast Asia, with most of them blocked on devices of Kaspersky users in Vietnam, Indonesia, and Malaysia.

Its general manager for Southeast Asia Yeo Siang Tiong said this is “just the tip of the iceberg” with “emails as an effective and lucrative entry point.”

Cyber criminals took advantage of the seismic shift in digital habits during the pandemic to launch social engineering attacks such as phishing emails, he said.

Kaspersky’s data showed that the chances of unsuspected users clicking infected links or malicious attachments increase tremendously with hot topics and phrases related to shopping, streaming entertainment or the COVID-19 pandemic.

-- BERNAMA

KENANGA INVESTMENT BANK BHD has appointed Chin Siew Siew as its independent non-executive director effective June 1, 2022.

This appointment would enable its board of directors to augment its commercial, operational and industry specific experience, in particular within the digital and technology vertical.  

Chin, a digital and technology veteran with over 30 years of experience, started her career in programming.

She was previously IBM's chief digital officer and its Asean services leader for multivendor business before retiring in 2018.

-- BERNAMA

GLOMAC BHD’s Ruma 33, a double-storey terraced housing project in Saujana Sungai Buloh, with a gross development value of approximately RM28.5 million, has been fully taken up since its December 2021 launch.

The 33-unit project is scheduled to be completed in 2023 and is priced from RM669,000 onwards.

Group chief operating officer Zulkifly Garib said in a statement that they are seeing a higher demand for bigger landed properties.

Glomac has some RM8 billion worth of projects in the pipeline and plans to launch double-storey units in Saujana KLIA as well as Rumah Selangorku units at Glomac Lakeside Residence in Puchong.

-- BERNAMA

UEM SUNRISE BHD has signed a Memorandum of Understanding with nine local companies under a vendors partnership programme to explore synergy and to promote cooperation in marketing and branding.

Its chief executive officer Sufian Abdullah said the partnership is part of its risk-management in today's fluctuating prices and supply/demand uncertainties.

We hope to manage our cost structure better and deliver the right values to our customers, he said in a statement today.

The developer will continue to monitor and fine-tune its pricing strategy based on several key cost elements aside from building materials prices.

-- BERNAMA