AirAsia BIG launches BIG Xchange, the world’s first airline points exchange platform

SEPANG: AirAsia BIG Loyalty yesterday launched BIG Xchange, the world’s first airline points exchange platform, for BIG Members to convert between BIG Points and partner points seamlessly and instantly. From Sept 25 onwards, BIG Members will be able to link their loyalty point accounts with participating partners to their BIG Loyalty account via BIG Xchange […]

Celcom Axiata appoints Idham Nawawi as new CEO

PETALING JAYA: Celcom Axiata Bhd has appointed Mohamad Idham Nawawi (pix) as its new CEO effective Sept 1, taking over the reins from Michael Kuehner whose tenure ends on Aug 31.

The group said in a statement that the succession is part of the original plan two years ago to appoint an internal talent for its next phase of transformation and Idham was appointed following a thorough selection process.

“As an internal talent with excellent management and operational experience within the group, as well as a member of the Celcom board, Idham is already well versed in Celcom's strategic directions, operations and challenges. The board is confident Idham will be able to move quickly and efficiently to execute on the next phase of transformation,” it said.

Idham has been with the group since 2012 and is currently the group chief corporate officer, responsible for regulatory management, corporate communications and sustainability, corporate affairs and government relations for the group. He also manages the group CEO's office and the Axiata programme and governance office.

Idham led the transformation programme office for Axiata 2.0 from 2012 to 2015, which was the impetus of Axiata's expansion beyond its core mobile business into new digital services and tower business.

As interim COO for Axiata Digital Services during its start-up phase in 2014, he was also instrumental in establishing the RM100 million Axiata Digital Innovation Fund targeted at developing Malaysian digital entrepreneurs.

Idham has served as member of the board of directors in Axiata's mobile operating companies in Malaysia, Cambodia, Bangladesh and Pakistan, and several Axiata Digital Services companies.

Prior to joining Axiata, Idham was COO of Packet-One Networks (P1). He was previously head of strategy for Axis Telekom Indonesia and general manager at Maxis Communications Bhd, and had spent his early career with IBM Malaysia and Carl Zeis Inc in the USA.

“We are pleased to welcome Idham as Celcom CEO. With his vast leadership and notable accomplishments in many roles, I am confident he will lead Celcom to the next level of transformation into a digital world as well as to pursue our profitable growth strategy. His decades of industry experience and familiarity of Celcom, being already a board member, will certainly help him to move quickly in the transition,” said Celcom chairman and Axiata president and group CEO Tan Sri Jamaludin Ibrahim.

“At the same time, on behalf of the board of directors of Celcom and all of us, I would also like to take this opportunity to extend our gratitude to Michael for his immense contributions and for positioning Celcom solidly for the great opportunities ahead. We wish him all the best in his future endeavors,” he added.

Kuehner, who took over from Datuk Seri Shazalli Ramly in September 2016, was previously the CEO of Robi Axiata Ltd in Bangladesh from 2009 till 2013.

The group said his core strategy to provide the best customer experience in the industry saw Celcom achieve significant improvements in many areas in products and services, network quality and coverage especially in the deployment of 4G, sales and distribution as well as digitisation. 

Tune Protect’s GWP to be driven by general insurance, global travel insurance

KUCHING: A significant amount of Tune Protect Group Bhd’s (Tune Protect) gross written premium (GWP) is expected to be underpinned by Malaysia’s general insurance business for 2018 estimate (2018E), while the rest is to come from digital global travel insurance, analysts observed. For 2018E, Affin Hwang Investment Bank Bhd (Affin Hwang) expected the bulk of […]

SDI and Digi launch new e-commerce platform

PUCHONG: Aligned with its strategy to embrace Industrial Revolution 4.0, Sime Darby Industrial Sdn Bhd (SDI) and Digi Telecommunications (Digi) under its digital business arm, Digi-X, launched Industrial Valet, a dedicated e-commerce platform selling industrial heavy equipment parts and merchandise directly to customers. Industrial Valet – www.industrialvalet.com, touted as one of its kind in Malaysia, […]

Standard Chartered Saadiq celebrates anniversary, wins big at Islamic finance awards

KUCHING: Standard Chartered Saadiq Berhad is celebrating its 10th year anniversary in Malaysia, showcasing the continued success of the deep relationship between the nation and the Bank. Standard Chartered became the first international bank in Malaysia to offer Islamic banking products in 1993, and Standard Chartered Saadiq Berhad was incorporated in 2008 as a full-fledged […]

Aerospace sector to rake in RM55b in revenue by 2030

PETALING JAYA: The Malaysian Investment Development Authority (Mida) which is collaborating with Malaysia Airports Holdings Bhd (MAHB) to promote and facilitate economic activities to drive investments into the country, projects the aerospace sector to rake in some RM55.2 billion in revenue by 2030.

Speaking to reporters on Friday at the inking of a memorandum of understanding between the two parties, Mida deputy CEO Datuk N. Rajendran said the maintenance, repair and operations (MRO) segment is expected to contribute some RM20.4 billion, while aero-manufacturing and engineering and design services are expected to contribute RM21.2 billion and RM13.6 billion respectively.

This, he said, will cater to aviation players in this region.

Malaysia is home to more than 200 companies involved in MRO, aero-manufacturing, education and training, systems integration and engineering and design activities. For the first three months of 2018, the aerospace industry registered approved investments of RM175.4 million for four manufacturing projects and RM8.59 million from one MRO project.

The two parties have collaborated to explore the potential to promote and facilitate economic activities to drive investments into the country, through the KLIA Aeropolis and Subang Aerotech Park, the latter of which will be part of the Subang Airport Regeneration Initiative.

Mida will facilitate the entry of Tier 1 and Tier 2 companies which are well positioned in terms of automation and digitisation – from the manufacturing, research and development, logistics and warehousing and distribution segments – to operate here.

Malaysia’s first airport city, KLIA Aeropolis, which spans 100 acres of land, will focusing on three areas, namely air cargo and logistics, aerospace and aviation, as well as meetings, incentives, conferences and exhibitions and leisure.

The catalytic project under the air cargo and logistics cluster will be the development of a regional e-commerce and logistics hub by MAHB and Alibaba Group’s logistic arm Cainiao Smart Logistics Network (Hong Kong) Ltd on 60 acres as part of the Digital Free Trade Zone.

Subang Aerotech Park will serve as a hub for business aviation equipped with a complete aerospace ecosystem and is expected to see mature operations in 2025.

Malaysians confident of going cashless for up to three days: Visa study

KUCHING: Malaysian are increasingly confident of going cashless with six in 10 saying they can go without cash for an entire day and close to half of them (41 per cent) saying they could last three days without cash, according to the 2017 Visa Consumer Payment Attitudes study. Six in 10 Malaysians have tried going […]

HLB celebrates customers’ digital innovation and experiences with Digital Day 2018

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) continues to see strong customer adoption of its digital platforms, with 48 per cent of its customers utilising digital and mobile platforms for banking transactions at the end of 2017, with digital transactions continue to grow at 73 per cent, lending strength to the Bank’s digital aspirations. “The […]

Hong Leong Bank allocates RM115m for digitisation

KUALA LUMPUR: Hong Leong Bank Bhd has allocated RM115 million or 50% of its capital expenditure (capex) to improve the bank’s offerings on the digital platform in the financial year ending June 30, 2019.

CEO and MD Domenic Fuda said the huge allocation was in line with strong customer adoption of its digital platform.

“We also expect strong continued growth in banking transactions as we increase our offerings of products and services on digital platforms,” he said after launching Hong Leong Bank’s Digital Day 2018 campaign today.

The bank had set aside RM30 million of its capex to convert 50 of its existing 250 branches to the new digital format in the current financial year, which would translate into savings in operational cost.

“This new format will provide more space for customer servicing area. Previously, 50% of the outlet’s space was dedicated for backroom (deposits machine, etc) operations but now it will be reduced to 25%,” he explained.

Fuda said Hong Leong bank’s branches, which currently occupy 4,000 sq ft each, would be reduced to 2,200 sq ft.

Commenting on the outlook for the domestic banking industry, he said this year was expected to be stronger than the previous years, riding on the growth in housing loans, small and medium enterprise loans as well as commercial loans. – Bernama

Hong Leong Bank launches digital biz solutions suite

KUCHING: The entrepreneurship journey for small and medium-sized enterprises (SMEs) in Malaysia can be daunting as market increasingly demands greater agility and speed from these businesses. Understanding their challenges, Hong Leong Bank Bhd has launched an innovative and comprehensive suite of digital business and financing solutions that will serve the need of SMEs from cash […]