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U Mobile announces new CIO, adds DCTO

KUALA LUMPUR: This month, U Mobile introduces new chief information officer (CIO) Neil Tomkinson and strengthens its senior management by adding Woon Ooi Yuen to the team as deputy chief technology officer (DCTO).

Neil joins U Mobile from MTN Next!, a telecoms multinational based in South Africa, which operates in 22 countries and has an annual turnover of US$14 billion. He was responsible for leading the development and implementation of MTN Group’s Global’s
back office transformation strategy. Neil replaces Tan Chen Sen, who was U Mobile’s CIO for the past five years.

With the increased spectrum allocation and ongoing 3G RAN share exit, U Mobile is doubling up its efforts on the network front with Woon coming on-board as DCTO. He joins the telco with two decades of related experience with companies such as Total Access Communication (Dtac) in Thailand, Digi Telecommunications, Malaysia as well as Ericsson, Malaysia.

Woon will be working together with the current chief technology officer, Too Tian Jen, to oversee and roll out U Mobile’s robust network expansion strategy with the goal of making U Mobile the leading telco for customer experience.


Bursa Malaysia broadly higher at mid-day

KUALA LUMPUR, Feb 19 ― Bursa Malaysia ended broadly higher at mid-day today, with strong buying interest across-the-board, led by index linked blue chips, Petronas Gas and Genting Bhd, dealers said. At 12.30pm, the benchmark FTSE Bursa…


Gas Malaysia up 4.44% on 4Q earnings, dividend

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KUALA LUMPUR (Feb 19): Gas Malaysia Bhd shares rose 4.44% this morning after its fourth quarter net profit rose 49.22% to RM76.98 million, from RM51.59 million a year earlier, on higher volume of gas sold, partly offset by higher operating expenses. At 9.22am, Gas Malaysia rose 12 sen to RM2.82 with 143,600 shares done. Earnings per share rose to six sen for the fourth quarter ended Dec 31, 2017 (4QFY17), from 4.02 sen previously, the group said in a filing with Bursa Malaysia on Feb 15. Quarterly revenue grew 40.1%Read More


CIMB IB is top winner with 12 awards from Alpha Southeast Asia Best Deals & Solutions Awards

KUALA LUMPUR: CIMB Investment Bank was recently crowned top in investment banking for its strong and innovative capabilities in the capital markets, equities, and trade finance space through 12 regional awards.

CIMB swept 12 awards at the Alpha Southeast Asia (SEA) Best Deals & Solutions Awards, which included Best Bond House of the Year in Southeast Asia 2017 (CIMB Investment Bank Bhd) and Best IPO Deal of the Year in Southeast Asia 2017 (B.Grimm Power Public Company Limited THB11.5 billion IPO).

Established in 2007, Alpha Southeast Asia is an independent institutional investment magazine with a pure Southeast Asian focus. Its monthly market research and insights on Southeast Asia is subscribed by investors based in Asia Pacific, Europe and the US.

Commenting on the slew of awards, CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said it is honoured to receive these awards and humbled by the vote of confidence by its clients across Asean.

“These awards are a testament to CIMB’s strong in-house capabilities, deep Asean expertise and continued commitment to deliver the best bond and sukuk solutions for our clients based on a good understanding of their needs. We owe this recognition to our customers' trust and continuous support, as well as our staff's consistent effort in making CIMB a leading Asean universal bank.”

Other awards garnered include Best Sukuk Deal of the Year in Southeast Asia & Most Innovative Sukuk Deal of the Year in Southeast Asia 2017; Best Sustainable Finance Deal of the Year in Southeast Asia & Most Innovative Islamic Finance Deal of the Year in Southeast Asia 2017 and more.


Bursa trends higher in mid-morning trade

KUALA LUMPUR, Feb 19 — Bursa Malaysia extended earlier gains to mid-morning today, to trend higher with buying interest across the board. At 11.00am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15 points to 1,853.28  points, after…


Minda Global debuts on Bursa Malaysia

KUALA LUMPUR: Educational services provider Minda Global Bhd was listed on the Main Market of Bursa Malaysia Securities Bhd (Bursa Securities) today through the takeover of Asiamet Education Group Bhd's (AEGB) slot.

As at 11.14am, Minda stood at 20.5 sen with 418,700 shares traded.

The company took over the listed status of AEGB through a one-for-one share exchange arrangement with existing AEGB shareholders, which saw Minds’s entire issued share capital of RM247.98 million comprising 1.24 billion shares being admitted this morning to the official list of Bursa Securities in place of AEGB.

Minda Global currently owns Cyberjaya University College of Medical Sciences, Asia Metropolitan University that operates campuses in Kuala Lumpur and Johor Baru as well as Asia Metropolitan Colleges in Kuching, Kota Kinabalu and Kota Bharu. The group also has a presence in the international school sector through its ownership of Asia Metropolitan International School in Ipoh.


Report: Election fever strengthens politically-linked stocks

PETALING JAYA, Feb 19 — Stocks that are politically-linked have started showing signs of strength despite volatile global market as election fever kicks in. The Star reported that one such company is MyEG Services Bhd which started out as a…


Bursa opens higher after CNY break

KUALA LUMPUR, Feb 19 — Bursa Malaysia opened higher today after the Chinese New Year break, on continued positive sentiment, brought on by Malaysia’s strong gross domestic product figure announced last week, dealers said. At 9.03am, the…


Months away from Malaysian election, EU’s move stirs discontent in palm groves

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KUALA LUMPUR (Feb 19): An EU decision to curb palm oil imports was the last thing Malaysian Prime Minister Najib Razak needed ahead of a coming election, with rural voters already aggrieved over financial scandals at state-owned palm oil agency Felda. Around 10 percent of Malaysia’s 30 million people belong to families who own smallholdings dedicated to harvesting palm oil, and they account for the majority of voters in nearly a quarter of the national assembly’s 222 seats. Girding for a general election due by August, Najib was given aRead More


Microsoft Surface Book 2 a powerful yet portable smart device

KUALA LUMPUR: Microsoft announced that the Surface Book 2 will be available for pre-order in Malaysia at local Surface authorised retailers. With the latest 8th Generation Intel Core processors and NVIDIA GeForce GTX 1050 and 1060 discrete graphics options, the new Surface Book 2 is up to five times more powerful than its predecessor. Yet, […]