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Khazanah Nasional weighing TM-Axiata merger, edotco listing

KUALA LUMPUR: Khazanah Nasional Bhd is open to the merger of Telekom Malaysia Bhd (TM) and Axiata Group Bhd as well as looking to list Axiata's unit edotco, according to its managing director Tan Sri Azman Mokhtar.

“For us, it's about performance. If it makes sense, we're open to merger, but it still depends on the structure and market conditions,” he said.

Axiata was formerly a part of TM and demerged in 2008.

Azman said overall Khazanah prefers to list its companies, but there is “no rush” for the listing of edotco.

Edotco is involved in the communications infrastructure solutions and services, with a network of over 13,000 sites in Malaysia, Bangladesh, Cambodia and Sri Lanka as well as 12,000 km fibre network in Pakistan


Thailand recommends daily minimum wage hikes up to 7pc

BANGKOK, Jan 18 — Thailand’s Central Wage Committee has recommended that the daily minimum wage be increased by 7 per cent to 330 baht (US$10.33) in its two most industrialised provinces, Chonburi and Rayong. The committee recommended…


China Premier Li says 2017 GDP growth expected around 6.9pc

BEIJING, Jan 11 — China’s Premier Li Keqiang said the world’s second-biggest economy is expected to have grown around 6.9 per cent last year, the official Xinhua news agency reported, accelerating from a 26-year low in 2016. In the past year,…


Muhibbah set to nab another round of local, Qatar job wins

KUCHING: Starting off the year strong with a 13.7 per cent rise in share price, Muhibbah Engineering Bhd (Muhibbah) looks set to nab another round of local and Qatar job wins in financial year 2018 (FY18). According to MIDF Amanah Investment Bank Bhd (MIDF Research), Muhibbah is expected to secure RM700 million worth of jobs […]


Moody’s: Impact of US rate hike on Malaysia minimal

KUALA LUMPUR, January 10 — Malaysia’s exposure to the global economic vulnerability following the steep rise in US interest rates will be mitigated as the majority of the government and economy’s debt is financed domestically through stable…


Mattan hopes to raise RM30m from IPO in first half of 2018

PETALING JAYA: Mattan Bhd, an engineering, procurement, construction and commissioning (EPCC) solutions provider for renewable energy (RE) infrastructure, is planning an initial public offering (IPO) on the ACE Market of Bursa Malaysia in the first half of 2018 and intends to raise RM30 million from the exercise.

Chairman Levin Tan (pix) said the proceeds will be used for the acquisition of a 2MW biogas concession in Endau, Johor, and to finance its future participation in large-scale solar farm projects.

“The ‘Berhad’ status is like a passport for us to do business abroad, especially when it comes to dealing with foreign government entities. In a similar fashion, it enhances our opportunities locally but it is also equally important for our foreign ventures,” Tan told SunBiz in an interview recently.

Mattan plans to submit its IPO application to Bursa Malaysia after Chinese New Year. It has appointed MIDF Investment Bank Bhd as the underwriter for the IPO.

Mattan’s services cover EPCC solutions, including financing arrangement for all RE projects in Malaysia and Asia. As a consultant and system integrator, Mattan designs and manages multi-disciplinary RE projects spanning solar, biogas, biomass and mini hydro from the early stages of site assessment, feasibility study, design and quota application, financing arrangement to the project management of the construction, data collection, and operation and maintenance.

By end of 2018, Mattan is expected to have a portfolio of completed projects of more than 90MW solar installation on rooftop/solar farm and 10MW biogas projects in Malaysia and Asia.
Its subsidiary Mattan Engineering Sdn Bhd is undertaking the design, construction and operation works of a large-scale solar 50MW photovoltaic generation facility in Rembau, Negri Sembilan, which is one of the largest solar farms in the country.

Mattan has an order book of RM300 million (2017-2018) and it plans to enter the RE markets in Cambodia, the Philippines, Indonesia and the Middle East in 2018. The company is tendering for RM2 billion worth of projects in Indonesia and Cambodia.

“The idea is to expand the platform across Southeast Asia. The dream of the company, under a five-year plan, is we want to be a Southeast Asian powerhouse for RE,” said Tan.

He added that if it wins one of the three 30MW projects in the country, it will become the largest EPCC contractor for RE in Malaysia.

“We should use this advantage to move overseas because Southeast Asia is in its infancy (below 10 years) for RE.”

He added that there are limitations in Malaysia under a quota and bidding system.

Tan said Mattan is targeting to level its solar and biogas businesses to 50:50 in the next two years, from 70% solar and 30% biogas now, as the potential for biogas is huge given that there are over 400 mills in Malaysia, with 300 mills in Peninsular Malaysia alone.

He said RE in Malaysia is segmentised and more often than not, saturated in one segment, while Mattan has the capability to deliver multi-disciplinary RE projects.


Thailand: Year in Review 2017

Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year (y-o-y) growth of 3.3 per cent in the first quarter, 3.8 per cent […]


Axiata surges as carrier is said to weigh US$500m tower IPO

KUALA LUMPUR, Jan 5 — Axiata Group Bhd. rose the most in more than two years after people with knowledge said Malaysia’s biggest wireless carrier is considering an initial public offering of its tower unit that could raise at least US$500…


Malaysian firms win big

SHANGHAI: Size does not always matter, as proven by three Malaysian companies which garnered accolades at the “International Innovation Awards 2017” for innovation in parking system, classified ads and customer management software.

The awards were organised in Shanghai, China by Enterprise Asia, a non-governmental organisation in pursuit of entrepreneurship development across the region to promote fair and equal opportunities for emerging entrepreneurs.

A total of 31 products, services and organisations received the InnoCube at the International Innovation Awards 2017. They also received the InnoMark, the global certification for innovation.

For instance, M.A. Intelligent Parking (M) Sdn Bhd came out with plans to embark on the integrated mechanical parking system dubbed “MAPS Parking”, which is the first-of-its-kind in Malaysia.

M.A. Intelligent Parking, which was incorporated in 2009, aims to launch its maiden parking system for a 24-level car park building with 199 bays in Jalan Tun Razak this month upon obtaining approval from the authorities.

“Steel structure is the main component that connects with each other to carry the load of the whole parking structure. It is safe and easy for the drivers to search for parking space as they just have to leave their cars and allow the lift system to park at available parking space,” said its group managing director Siti Nur Afiqah.

“It’s very common in China, but it is new in Malaysia. There are a few in Malaysia, but are used in the public sector and not used commercially.

M.A. Intelligent Parking assistant CEO Datin Seri Norhanizah Nordin said unlike conventional parking, the new parking system does not need bigger land and the intention is to solve the parking space problem in the city centre.

“The market response has been encouraging. We look forward to moving progressively in the market. We’ve received enquiries from Indonesia, Cambodia, Thailand and the Middle East.”

The project is a joint venture between M.A. Intelligent Parking and Japan’s Nissei Build Kogyo, which is involved in tower parking.

Meanwhile, Getthiss Marketplace, an online classified ads website, is also gaining traction with its venture into overseas markets.

Getthiss Marketplace allows people to buy and sell a wide variety of goods, products and services across different categories such as real estate, automotive, careers, business products and services. Besides selling and buying products, one can also make bill payment and prepaid reload with trusted merchants on the platform.

Getthiss Innovation Sdn Bhd general manager Leon Tan said the company sees huge potential in the China market.

“We’ve very good response from the merchants. We’ve started to establish abroad in Thailand and Indonesia, very soon we’re going to China for the halal market. We’re confident to grab a share in this halal market. We’re going to introduce Jakim halal in China as it is recognised worldwide. Slowly we’ll build up the halal food collaboration with China.”

Tan said currently the company’s revenue mainly comes from the advertising platform.

“We have our mini website to help cottage industries to establish and sell their products. This is also what we’re active in.”

For Ezytronic Sdn Bhd, its winning product, Salesmaxx, has helped small firms to better manage their customer base.

Salesmaxx is an integrated sales performance monitoring system with live dashboard viewing capabilities. It enables users to track, monitor, identify gaps and train directions in the sales team.

Ezytronic sales director Jerry Ooi said Salesmaxx is tasked to increase sales team efficiency with minimum resources but with maximum returns. Currently the system has over 50 customers in Malaysia.

Ezytronic, which was established nine years ago, is targeting to list on the Ace Market of Bursa Malaysia by 2020. It registers over RM20 million in revenue per year.

Ooi said the company launched the software business three years ago and it plans to the overseas markets going forward.

“Majority of the enterprise solutions system is catered for large corporations, and SMEs do not have such system. We design this to suit their culture with affordable prices.”


Malaysian firms win big at International Innovation Awards 2017

SHANGHAI: Size does not always matter, as proven by three Malaysian companies which garnered accolades at the “International Innovation Awards 2017” for innovation in parking system, classified ads and customer management software.

The awards were organised in Shanghai, China, by Enterprise Asia, a non-governmental organisation in pursuit of entrepreneurship development across the region to promote fair and equal opportunities for emerging entrepreneurs.

A total of 31 products, services and organisations received the InnoCube at the International Innovation Awards 2017. They also received the InnoMark, the global certification for innovation.

For instance, M.A. Intelligent Parking (M) Sdn Bhd came out with plans to embark on the integrated mechanical parking system dubbed “MAPS Parking”, which is the first-of-its-kind in Malaysia.

M.A. Intelligent Parking, which was incorporated in 2009, aims to launch its maiden parking system for a 24-level car park building with 199 bays in Jalan Tun Razak this month upon obtaining approval from the authorities.

“Steel structure is the main component that connects with each other to carry the load of the whole parking structure. It is safe and easy for the drivers to search for parking space as they just have to leave their cars and allow the lift system to park at available parking space,” said its group managing director Siti Nur Afiqah.

“It’s very common in China, but it is new in Malaysia. There are a few in Malaysia, but are used in the public sector and not used commercially.

M.A. Intelligent Parking assistant CEO Datin Seri Norhanizah Nordin said unlike conventional parking, the new parking system does not need bigger land and the intention is to solve the parking space problem in the city centre.

“The market response has been encouraging. We look forward to moving progressively in the market. We’ve received enquiries from Indonesia, Cambodia, Thailand and the Middle East.”

The project is a joint venture between M.A. Intelligent Parking and Japan’s Nissei Build Kogyo, which is involved in tower parking.

Meanwhile, Getthiss Marketplace, an online classified ads website, is also gaining traction with its venture into overseas markets.

Getthiss Marketplace allows people to buy and sell a wide variety of goods, products and services across different categories such as real estate, automotive, careers, business products and services. Besides selling and buying products, one can also make bill payment and prepaid reload with trusted merchants on the platform.

Getthiss Innovation Sdn Bhd general manager Leon Tan said the company sees huge potential in the China market.

“We’ve very good response from the merchants. We’ve started to establish abroad in Thailand and Indonesia, very soon we’re going to China for the halal market. We’re confident to grab a share in this halal market. We’re going to introduce Jakim halal in China as it is recognised worldwide. Slowly we’ll build up the halal food collaboration with China.”

Tan said currently the company’s revenue mainly comes from the advertising platform.

“We have our mini website to help cottage industries to establish and sell their products. This is also what we’re active in.”

For Ezytronic Sdn Bhd, its winning product, Salesmaxx, has helped small firms to better manage their customer base.

Salesmaxx is an integrated sales performance monitoring system with live dashboard viewing capabilities. It enables users to track, monitor, identify gaps and train directions in the sales team.

Ezytronic sales director Jerry Ooi said Salesmaxx is tasked to increase sales team efficiency with minimum resources but with maximum returns. Currently the system has over 50 customers in Malaysia.

Ezytronic, which was established nine years ago, is targeting to list on the Ace Market of Bursa Malaysia by 2020. It registers over RM20 million in revenue per year.

Ooi said the company launched the software business three years ago and it plans to the overseas markets going forward.

“Majority of the enterprise solutions system is catered for large corporations, and SMEs do not have such system. We design this to suit their culture with affordable prices.”