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News in brief: July 21, 2022

21/07/2022 03:44 PM

TELEKOM MALAYSIA BHD’s domestic and international wholesale business arm, TM Wholesale, has formed a partnership with cloud infrastructure provider Radian Arc to expand its cloud gaming offerings in Malaysia and other ASEAN countries.

In a statement today, it said that through the partnership, both companies will collaborate to deploy a new point of presence (PoP) in Malaysia, utilising Radian Arc’s proprietary GPU Edge technology.

“This PoP will enhance TM Wholesale’s cloud-based gaming solutions as well as other real-time applications that use similar technology,” it said. 

Following the rollout of the cloud gaming platform, TM Wholesale and Radian Arc intend to make an array of cloud-based applications, such as artificial intelligence, blockchain, and the internet of things, accessible to users to accelerate digital transformation and adoption.



HONG LEONG FINANCIAL GROUP (HLFG) was named the Best Managed Bank and Financial Holding Group in Malaysia by The Asian Banker Leadership Achievement Awards 2022.

In a statement today, it said HLFG was recognised because of its leadership which has been instrumental in entrenching digital transformation across the group as well as preparing the group’s transition towards a green and sustainable future.  

“This is done through the implementation of ESG frameworks across all operating companies in the group. Operating companies include Hong Leong Bank, Hong Leong Assurance, Hong Leong Capital and Hong Leong Asset Management,” it said. 



FIREFLY will be recommencing its four-times-weekly services to Phuket from Penang on August 26, 2022, using its new Boeing 737-800 aircraft. 

Firefly chief executive officer Philip See said with the ease of the entry requirements for Malaysians recently, the airline is ready to increase its services and connect people to Thailand as part of the initiative to support the recovery of the economy in both countries.

To commemorate the recommencement, Firefly is offering one-way fares as low as RM169 until the end of the month, with travel from Aug 26 to Oct 29, 2022.



KENANGA INVESTMENT BANK BHD has been named Best Securities House Malaysia 2022 at the Asiamoney 2022 Best Securities Houses Awards.

Group managing director Datuk Chay Wai Leong said the bank remains focused on reinforcing business fundamentals and strengthening digital offerings and infrastructure to continue bringing the best financial solutions to clients.

The group remains the largest and fastest growing retail stockbroker with a market share of over 25 per cent as at March 31, 2022, up 3.0 per cent from the previous corresponding quarter.



CIMB GROUP HOLDINGS BHD’s indirect subsidiary, CIMB Thai Bank Public Co Ltd (CIMB Thai) posted a net profit of 2.12 billion baht for the six months ended  June 30, 2022, an increase of 121.6 per cent year-on-year compared to 954.77 million baht previously. 

In a statement to Bursa Malaysia today, CIMB Thai president and chief executive officer, Paul Wong Chee Kin said the improvement was mainly attributed to better cost control with a 7.4 per cent decrease in operating expenses and a 63.7 per cent decrease in expected credit losses, despite a marginal drop of 1.3 per cent in operating income. 




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