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Oil kings threatened by rivals rethink age-old pricing habit

SINGAPORE, Jan 19 — Uneasy lies the head that wears a crown in the world’s biggest oil market. Middle East producers who for decades reigned as the undisputed leaders of oil sales to Asia are sensing a threat to their dominance, which is…


LG Electronics partners with Aspen Group to set up first academy, flagship store

GEORGE TOWN, Jan 19 — LG Electronics Inc yesterday entered into a partnership with Aspen (Group) Holdings Limited to provide technological solutions, products and services for all of the developer’s real estate developments. The signing of…


Khazanah’s portfolio grows 13.2pc in 2017

KUALA LUMPUR, Jan 18 — Khazanah Nasional Bhd delivered strong performance in 2017, with its portfolio growing 13.2 per cent to a record RM115.6 billion as at last December 31. Khazanah Managing Director Tan Sri Azman Mokhtar said the growth of…


Ex-Goldman banker who quit to take over a Myanmar empire

SINGAPORE, Jan 17 — When Melvyn Pun agreed to take his former boss to Myanmar in 2012, little did he know that the trip would cause him to quit his high-profile job at Goldman Sachs Group Inc. Melvyn had wanted to stay as head of corporate…


Oil rally stumbles on fears hedge fund buying spree went too ar

NEW YORK, Jan 17 — Oil reversed course as a record crude-buying spree by hedge funds spurred concern that prices may be due for a correction after hitting three-year highs. Futures in New York slipped 0.9 per cent yesterday, ending a five-day…


BMW posts record-breaking sales in 2017

PETALING JAYA: BMW Group Malaysia’s car sales grew 16% in 2017 to a fresh high of 12,680 units against 10,906 units in 2016.

It’s the automaker’s seventh consecutive all-time high performance.

BMW Malaysia said in a statement that the BMW brand expanded 18% last year, delivering a total of 10,618 BMW vehicles from 9,000 vehicles in 2016, predominantly driven by the BMW 3 Series with 3,564 units delivered.

“The BMW X5 xDrive40e is also a key contributor of the brand’s performance, with over 3,000 units sold last year.”

MINI also delivered its best record performance in 2017 with 1,010 MINI vehicles delivered, representing a 12% against 902 units in 2016. Meanwhile, BMW Motorrad saw a 5% increase from 1,004 to 1,052 units of its motorcycles.

Globally, the premium automaker also achieved a new all-time sales high with a total delivery of 2.46 million vehicles.

BMW Group Malaysia managing director and CEO Han Sang Yun said the company is committed more than ever to serve Malaysia and the Southeast Asian region from Malaysia this year and set another benchmark with utmost excellence for the premium automotive industry.

“Going into 2018, with the continued support of the Malaysian government, our customers and our strong dealership network, we will realise our investments and plans for the region here and we hope in sustaining this momentum and achieving yet another milestone for the group and the country,” he noted.

BMW Group Malaysia will begin delivery of the first BMW 3 Series, BMW 5 Series and BMW 7 Series to Vietnam and the Philippines this year. Its assembly plant in Kulim increased its local assembly capabilities to over 10,000 vehicles in 2017 with an investment of over RM 10 million for the expansion.

“This year is our 15th year of operations in Malaysia and we are very proud to have established ourselves as the leading provider of premium individual and sustainable mobility. We look forward to another year of growth in every aspect – from our sales to the maturity of our product portfolio to our leadership in electromobility and future mobility here in Malaysia,” said Han.

Driving its product portfolio of BMW Hybrid vehicles with eDrive Technology forward, BMW Malaysia also noted that it will continue to prioritise on infrastructure and mobility services in its strategy to make electric driving a more comfortable and convenient experience and a daily pleasure.


Find a mentor, says Saleduck MD for Asia, Copier

THIS week we catch up with Netherlands-based online deals technology company Saleduck managing director for Asia, Sjoerd Copier

Q: How has your life experience made you the leader you are today?

A: From the age of 18 my parents introduced me to Neuro Linguistic Programming (NLP) this became for me the first real step in starting to understand who I am as a person and who I wanted be. Over the years NLP teached me to understand my own actions and responses better. But also to analyse behaviour better whether it's in a business meeting or talking to colleagues or friends.

Q: What traits do you look for in your talent or how do you decide who is right for a job?

A: At Saleduck we would always look for somebody that is eager to learn and able to be proactive. Or somebody that brings something else to the table with his or her personality. I like to work with people that know what they want in life and are able to set goals for themselves.

Q: What advice can you offer those looking to start their career/own business?

A: Find a mentor! Pick the right boss that is willing to teach and share responsibilities with you. Learn from your mistakes and don't be afraid to fail. Better yet, share your mistakes with your peers along with an solution on how to do it better next time. And ask for feedback on a regular basis.

Q: How has mentorship made a difference in your professional life?

A: I was blessed to start my carrier in a startup with four great mentors that all had different qualities of running an online business. We often shared ideas and blow them up as big as we could, where nothing was to crazy. Of Course maybe only one percent of these ideas got developed. But it made me learn on how to think big!

Q: What do you want to accomplish in the next five years?
A: I want to make Saleduck.com.my the biggest online platform to go to for price comparison in Malaysia and continue our current expansion drift. (We are currently in six markets in Southeast Asia) Being the brand where people can filter and compare products & services and find the right products at any time.

Q: Best piece of advice you ever got on your career?

A: Do not care what other people think or say about you. People are always going to have an opinion. Seek feedback but stay true to your core values. You are not too young or old to start something new. Like Marcus Aurelius said “Everything we hear is an opinion, not a fact” Don't let how other people see you get in the way of reaching your goals.

Q: How do you stay abreast of issues affecting your industry?

A: Our industry is changing really fast. So we need to stay up to date with all new techniques and changes for example in search engine optimisation or affiliate marketing. I try to implement and test as much as possible and really try to understand the data. Don't just copy what you have heard or read but really test and look at the data in as many ways as possible.

Q: What are the top three factors you would attribute to your success?

A: Understanding of both technical and marketing aspects, setting personal goals for myself and self reflection!

Q: Tell us a joke.

A: Not much of a joke maybe but being Dutch I had to laugh real hard the first time I came across the brand Dutch Lady in the supermarket. We know the brand under a very different name in The Netherlands.


New Microsft Surface Laptop arriving in Malaysia, pre-orders now open

KUALA LUMPUR: Microsoft has announced that the new Surface Laptop will be available for pre-orders in Malaysia from local Surface authorised retailers which include top retailers and official Microsoft store. Starting from RM4,499 and to be officially launched in the market on February 7, 2018, the Surface Laptop balances portability, performance and elegance, and is […]


Mapping the sustainability landscape

KUCHING: The ways of doing business has evolved with time. Long gone are the days of operating a business purely for the want of generating profits; these days, it is  crucial to consider of the impact our businesses have on our enviroment, society and economy as a whole. In the midst of doing business, sustainability […]


Titijaya Land to ink MoU with Tokyu Land for collaboration in real estate development

PETALING JAYA: Titijaya Land Bhd said it will enter into a memorandum of understanding (MoU) with Japan-based Tokyu Land Corp (TLC) tomorrow, to create a platform for collaboration in the aspects of real estate development, by way of either equity participation, joint operations or other means of collaboration.

In a filing with Bursa Malaysia, the group said the objective of the MoU is to establish a provisional collaboration to share and exchange their respective knowledge and expertise in the real estate industry and to collaborate for any property development projects.

“Also, the MOU is consistent with the company's intention to further revolutionise its business, by incorporating the technology, expertise, creativity and innovative knowledge that TLC can offer, particularly in transit oriented development, senior housing and hospitality properties development,” it added.

Titijaya's unit Epoch Property Sdn Bhd had in November last year entered into a conditional share subscription agreement with TLC for a subscription consideration of RM47 million. The agreement entails the subscription by TLC of 47 million units (representing 100%) of Class A shares in Epoch Property.

The proposed subscription is to enhance the development of an ongoing project known as Mizu Residence.

Titijaya shares were unchanged at 67.5 sen today with 516,700 shares traded.