Category Archives: Business & Markets

Sealing A Sweet Investment

It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track.”
– Dato’ Dr. Nick Ng Mk, Chairman of Mega Fortris Group

After several failed attempts to revive Khee San Bhd, Founder and Chairman of Mega Fortris (M) Sdn. Bhd. Dato Dr. Nick Ng decided to step in and save this company that was recently classified under PN17 category. Dato Ng has been steadily buying shares from the open market since Decenmber 2019 and currently owns over 17 million shares or almost 15% in Khee San making him the single largest shareholder according to recent Malaysia stock exchange filing. 

“Khee San is the first candy company in Malaysia and it has very good products selling in Malaysia and around the world, it is important to preserve a Malaysia brand and these sweets does bring back my childhood memories” says  Dato Nick with a smile. He further continued by saying, “It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track”. 

Dato Ng remained tight lip on who will be the other investors joining this shareholders’ rescue exercise but assured the public that there are several big names with very good proposals on the table. 

UNIQLO GOING ROADSIDE

After a decade in Malaysia and enduring a year of the Covid-19 crisis, Japanese global apparel retailer Uniqlo will be launching its first roadside, community-based store in DA Square @ Damansara Avenue, Bandar Sri Damansara. According to Uniqlo Malaysia and Singapore CEO Yuki Yamada, this new roadside concept marks the company’s continuous expansion in Malaysia that will complement the existing network of mall-based stores. Uniqlo’s first roadside store in Japan opened in 1985. Malaysia will be the fifth country to have such a concept store after South Korea, Taiwan, Thailand and the Philippines. 

Real Estate Giants Join Forces

APAC Realty Limited (APAC) is charting new frontiers by establishing ERA Malaysia in partnership with New Bob Realty Sdn Bhd, one of the country’s oldest real estate agencies. Chief Executive Officer Dato’ Seri Dr. Lee Ville, who has over 17 years of experience in the real estate industry will be spearheading the operations of ERA Malaysia. 

Under this new partnership, ERA Malaysia will be able to tap into one of the largest real estate networks in Asia. Headquartered in Singapore, ERA Asia Pacific has a vast network of offices throughout the Asia Pacific region spanning over 650 offices in 9 other countries: Cambodia, China, Indonesia, Japan, Korea, Malaysia, Thailand, Taiwan and Vietnam. 

APAC is one of the leading regional players who has been setting and redefining industry standards through the pioneering of real estate concepts, technologies, initiatives and services. New Bob Realty Sdn Bhd was established in 1959 and is currently headed by Dato’ Leslie Lee and Datin Neoh Guan Eng. 

Penang Halal International Announced ‘International Inspirasi Khadijah’

Since taking over as Chief Executive Officer (CEO) of Penang Halal International (PHI) mid 2020, Puan Aida Lim Abdullah has made various initiatives to help the local trade industries find alternatives to survive the Covid-19 crisis. PHI recently  announced that it will be organising its first Halal global virtual cross border e-Commerce platform “International Inspirasi Khadijah 2020”. This event will be from 18th to 31st January 2021. 

Some of the other projects that were initiated include partnering with FOODPANDA during the Ramadan month, striking an online collaboration with SHOPEE and creating the Penang E-Mall with a HALAL section and many more. To date, PHI has assisted more than 6000 merchants to get into online commerce, online business workshops, training and enabling sessions for digital e-commerce, and providing core halal introduction courses. 

TOUSH INSPIRED BY PENSONIC

The Toush brand is Pensonic’s latest WiFi enabled smart IoT appliances series that can be remotely controlled using the single Toush App. Pensonic is the first local Malaysian electrical appliance brand to venture into smart IoT appliances with an App. 

Toush signifies the art of experimental lifestyle in delightful ways where these intuitive appliances sense and respond to the user’s needs and commands through touchscreen devices that can be operated remotely with ease. Furthermore, Toush optimises resources and energy whilst saving cost. All Toush appliances are certified and approved by SIRIM, Energy Commission and MCMC (Malaysian Communications and Multimedia Commission).