Sunday, July 2nd, 2017


Six Singapore companies brought on board KL-Singapore HSR project

SINGAPORE, July 2 — Six Singapore companies, brought together by International Enterprise (IE) Singapore, announced their intention to partner each other with plans to team up with international players to jointly participate in high-speed rail…

Total to sign Iran gas deal, biggest since sanctions lifted

TEHRAN, July 2 — French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field tomorrow, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The…

Indonesia sets tariff ranges for online car-hailing services

KUALA LUMPUR, July 2 — Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer…

Crude Palm Oil Weekly Report – 1 July 2017

Malaysian palm oil futures pared gains before week ended as production declined, tracking weakening ringgit and gains in performance of rival edible oils on the Chicago Board of Trade (CBOT) and China’s Dalian Commodity Exchange. The benchmark crude palm oil futures (FCPO) contract up 0.66 per cent to 2,455 on Friday, which is RM16 higher […]

Edra listing in November expected to raise in excess of RM5b

KUALA LUMPUR, July 2 — Independent power producer (IPP), Edra Power Holdings Sdn Bhd, is expected to be listed on the Main Board of Bursa Malaysia in November this year. Capital market industry sources said the company, which is the second…

BPA Malaysia weekly bond market report 2 July 2017

During the week, comments from Bank of England’s (BoE) Governor Mark Carney, Bank of Canada’s (BoC) Governor Stephen Poloz and European Central Bank’s (ECB) Mario Draghi signaling the end of monetary easing policies have sparked a rally in their respective currencies while global bond yields rose. In tandem with rising global bond yields, the MGS […]

Europe is the new hunting ground for US investors

NEW YORK, July 2 — After buying big American brands like Apple, Pepsi and Yahoo!, activist shareholders — investors in search of big dividends — now are setting their sights on European companies like Nestle. “No company is really immune…

China-Hong Kong bond link to start Monday to lure foreign buyers

SHANGHAI, July 2 — China’s bond-connect programme with Hong Kong, giving offshore investors another way to access the mainland’s US$10 trillion (RM42.9 trillion) debt market, will start on July 3. The official announcement was made today…

Will the new business reality become a reality in Malaysia?

PETALING JAYA: Have you thought about how virtual reality could be used in your industry to improve the way you do your job or the service you provide to customers? If not it could be time to start because its wider use in the business world may soon be a reality, says recruiting experts Hays, in the latest edition of the Hays Journal.

Virtual reality (VR) came into existence seventy years ago and has been used across a number of applications since. In the 1970s it was utilised in the workplace for the first time, as it was used by the medical industry, military and in flight simulators. With the more recent technological leaps in VR, such as augmented reality (AR) seen in gaming, could organisations start to realise its full potential and put it to wider use?

While the technology is still used by the military and in medical training, other sectors are beginning to use it to good effect too. One example is in the construction industry, with VR Developers being hired to give their clients a walkthrough of a building before construction has begun.

The technology is yet to become more commonplace across the wider world of work, however, experts say the possibility for its wider application is already here. One area where its potential is being fully realised already is within training, historically it has been used in high-risk or high-value industries, such as aeronautical and engineering, but it is now being used to help train trade skills.

Tom Osborne, Regional Director of Hays in Malaysia said: “The number of possibilities virtual reality creates is astounding. While everyday use of the technology within business could still be some way off, there are a number of practical ways the tech could be implemented in the meantime to introduce a more personalised service to customers or to be used internally while managing remote workers.

“Once we start exploring the many ways it could be implemented, it could have a big impact on the world of work. For example, interviews could be conducted in virtual rooms, allowing workers to be interviewed face-to-face, albeit virtually, for a job on the other side of the planet. Remote workers could easily connect to the office for one-to-one or team meetings, even on boarding or one to one training for an employee thousands of miles away would become so much easier.”

As the technology sees an increase in its use, businesses will need the skills essential for its use. The skills required have yet to be standardised and may struggle to keep up with demand initially.

“As we have seen in recent years, new technology creates new job roles and in turn the need for new skill sets. Employers will need to look at their existing staff and see if there is the opportunity to upskill any of their employees, or whether it will involve bringing an entirely new skill base,” Osbourne added.

The week at a glance 2 July 2017

National Armada Kraken’s first oil a key re-rating catalyst for Bumi Armada The first oil discovery from the Kraken Development is projected by analysts to be a key re-rating catalyst to Bumi Armada Bhd’s (Bumi Armada) share price. Bumi Armada announced in a statement on Bursa Malaysia that the group’s Armada Kraken floating production storage […]