by | Dec 19, 2024 | Business
UEM Edgenta Berhad (UEM
Edgenta), a leading asset management and infrastructure solutions company in
the region, has had its Islamic Medium-Term Notes (IMTN) under its RM1.0
billion Sukuk Murabahah Programme, with the outstanding
Sukuk standing at RM250.0 million, upgraded to AAIS from AA-IS by MARC
Ratings Berhad (MARC Ratings) for the first time since the rating was
first assigned in 2017. This upgrade
highlights UEM Edgenta’s strong financial position, consistent business growth,
and exceptional operational capabilities across its core segments, including
Healthcare Support Services, Property and Facility Management, Infrastructure
Services and Asset Consultancy.
In its announcement,
MARC Ratings highlighted UEM Edgenta’s sustained ability to generate consistent
cash flows, underpinned by its diversified revenue base and long-term
contracts. For the first nine months of 2024 (9M2024), newly secured contracts
continued to grow, reaching RM2.3 billion (2023: RM2.0 billion), with
healthcare solutions contributing 80%. This includes RM900 million worth of
contracts for Healthcare Support Services in Singapore, spanning a period of
five (5) years.
In infrastructure
services, carried out by wholly-owned subsidiary Edgenta PROPEL Berhad, the
group benefits from a long-term master maintenance services contract with Projek
Lebuhraya Usahasama Berhad (PLUS) for highway maintenance. This contract
ensures a stable income stream through 2038. Additionally, the group’s
acquisition of a 60% equity stake in United Arab Emirates–based Kaizen Group, a
property management company, for RM74.9 million in February 2024, further
expands its property and facility solutions portfolio.
MARC Ratings highlighted
the Company’s improved credit metrics and effective cost management
initiatives, which have contributed to its enhanced risk profile and financial
resilience. The rating agency also acknowledged prudent financial management,
which has bolstered UEM Edgenta’s liquidity position and debt servicing
capacity. For 9M2024, revenue increased by 7.6% y-o-y to RM2.2 billion and
pre-tax profit rose by 5.1% to RM65.6 million. Operating margins have remained
at around 3%, and the group is undertaking initiatives to strengthen the
profitability margin by streamlining operations and leveraging technology to
enhance efficiency. The margin improvements are expected to allay concerns over
the impact from the minimum monthly wage revision to RM1,700 from RM1,500
effective February 2025.
Commenting on the rating
upgrade, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM
Edgenta, said: “This recognition by MARC Ratings highlights the strength of our
strategic direction and unwavering commitment to delivering value to our
stakeholders. The AAIS
rating reflects UEM Edgenta’s robust financial standing and superior ability to
meet its financial obligations, reinforcing our reputation as a trusted leader
in the asset management and infrastructure solutions sector. It is a testament
to the confidence our clients and partners place in us. Moving forward, we will
continue to harness our expertise to drive sustainable growth and deliver
impactful, innovative solutions across the markets we serve.”
UEM Edgenta’s RM1.0
billion Sukuk Murabahah Programme has been a cornerstone in supporting its
strategic growth initiatives, including investments in technology-driven
innovations and sustainability-focused projects. This latest rating upgrade
enhances the programme’s appeal, positioning it as an attractive opportunity
for investors seeking stable, high-quality investments.
For further information on UEM Edgenta, log on to https://www.uemedgenta.com.
by | Dec 19, 2024 | Business
Asuene Inc. and its subsidiary, Asuene APAC, have been selected for the Japanese Ministry of Economy, Trade, and Industry’s (METI) FY2023 supplementary “Grant for The Global South Future-Oriented Co-Creation Project.”
This initiative aligns with one of AZEC’s (Asia Zero Emissions Community) “10-Year Action Plans”: improving industrial competitiveness through greenhouse gas (GHG) emissions visibility across entire supply chains. Through this program, we will implement a demonstration project to assess GHG emissions and evaluate/manage ESG data via supply chain integration in key APAC nations: India, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, and Singapore.
Background of the Demonstration Project
Achieving net-zero by 2050 requires urgent, global measures to tackle climate change, including GHG reductions. Amid rising implementation of carbon taxes and mandatory disclosure requirements for corporate CO2 emissions, these trends are accelerating rapidly across APAC.
APAC holds a central position in global supply chains, especially in manufacturing. However, key challenges include insufficient regulatory readiness and underdeveloped data collection infrastructures to address GHG emissions effectively. For Japanese corporations operating locally, robust solutions to manage stricter carbon taxes and environmental regulations are in high demand.
As a climate tech leader, Asuene specializes in decarbonization and ESG services. Our climate cloud platforms, “ASUENE” for CO2 emissions tracking and reduction, and “ASUENE ESG” for ESG evaluation and management, support businesses worldwide. “ASUENE” provides end-to-end solutions in emissions calculation (Scope 1–3), carbon footprint assessment, reduction, offsetting, environmental data management, and reporting, all in compliance with the GHG Protocol. Similarly, “ASUENE ESG” allows supply chains to enhance their ESG management and transparency.
With over 25,000 clients globally, including APAC firms, our tools facilitate sustainable corporate governance under a unified platform. Asuene APAC, established in Singapore in November 2022, has further driven service expansion and partnerships, enabling growth in APAC manufacturing, a region pivotal to achieving net-zero and industry-standard adoption globally.
Given these developments, Asuene Inc. and Asuene APAC have been awarded METI’s “Grant for The Global South Future-Oriented Co-Creation Project.”
Our Commitment
With this grant, Asuene and Asuene APAC aim to serve APAC manufacturing and construction industries—key players facing rising demands for GHG reduction and sustainable supply chains. We will deliver systems that enable effective data collection, evaluation, and management of GHG emissions and ESG-related factors. By tailoring solutions through localized research and system optimization, we will address regulatory and operational challenges unique to each country. This initiative will help resolve GHG assessment and supply chain management issues while driving decarbonization and ESG-oriented management.
This project also supports AZEC’s overarching action plan for GHG visualization and industrial competitiveness improvement through supply chain transparency. In collaboration with AZEC, we aim to expand markets that reward CO2 reduction efforts, helping businesses with APAC operations build sustainable supply chains and enhance their competitive edge in decarbonization and ESG governance.
By doing so, Asuene contributes to both strengthening regional industrial competitiveness and global net-zero realization.
Overview of the “Grant for The Global South Future-Oriented Co-Creation Project”
This program addresses critical socio-economic challenges in Global South regions, including industrial vulnerabilities, healthcare, disaster management, and food security. It leverages digital and emerging technologies to deliver autonomous, swift, and innovative solutions.
By fostering collaborative business models between Japanese and local businesses, the program supports industrial development and societal advancement. This initiative aims to strengthen Japanese industries through technology transfer, innovation creation, and resilient supply chains, ultimately laying a foundation for sustainable business ecosystems beyond mere financial returns.
The Global South Future-Oriented Co-Creation Project: https://gs-hojo-web.jp/
by | Dec 19, 2024 | Business
Kuala Lumpur, Malaysia – Gelly Wee Wedding Gown, renowned for its exquisite bridal collections, has launched its much-anticipated December Mystery Box Campaign. This festive season, brides-to-be who rent a wedding gown from Gelly Wee will receive incredible gifts and stand a chance to win lavish prizes, including round-trip flight tickets to dream destinations and luxury items.
In line with Gelly Wee’s commitment to pampering and delighting every bride, the December Mystery Box Campaign brings excitement and glamour to the wedding preparation process. From now until the end of December, every customer who books a wedding gown rental will receive a Mystery Box containing delightful surprises.
Kuala Lumpur, Malaysia – Gelly Wee Wedding Gown, renowned for its exquisite bridal collections, has launched its much-anticipated December Mystery Box Campaign. This festive season, brides-to-be who rent a wedding gown from Gelly Wee will receive incredible gifts and stand a chance to win lavish prizes, including round-trip flight tickets to dream destinations and luxury items.
In line with Gelly Wee’s commitment to pampering and delighting every bride, the December Mystery Box Campaign brings excitement and glamour to the wedding preparation process. From now until the end of December, every customer who books a wedding gown rental will receive a Mystery Box containing delightful surprises.
Exclusive Prizes in the Mystery Box
Brides have the chance to win the following luxurious prizes:
Round-Trip Flight Tickets to breathtaking destinations such as Korea, Japan, Hong Kong, and Bali.
An exclusive Louis Vuitton Vivienne Doll.
A stunning Berta Ball Gown, known for its unparalleled elegance and craftsmanship.
Melix Hair Shampoo to keep your locks luscious and wedding-ready.
Numerous other thoughtful and elegant gifts designed to celebrate and spoil every bride.
December Delights Await You
“We’ve always believed that every bride deserves to feel special and celebrated,” said Gelly Wee, founder and creative director of Gelly Wee Wedding Gown. “With our December Mystery Box Campaign, we’re bringing an element of surprise, luxury, and joy to the wedding experience. There’s no better way to end the year than by giving our brides the chance to win amazing prizes while preparing for their big day.”
An Invitation to Unforgettable Moments
This December, Gelly Wee invites all brides-to-be to become their valued guests and experience an unparalleled level of care and excitement. Whether it’s the thrill of winning an international trip, the delight of receiving a luxury collectible, or simply enjoying the elegance of a Gelly Wee wedding gown, this campaign promises unforgettable memories.
Don’t miss this limited-time opportunity to be part of Gelly Wee’s most thrilling campaign yet. Appointments are filling fast, so book your gown now and claim your Mystery Box!
For more information and to make your reservation, visit Gelly Wee Wedding Gown’s official instagram.
by Ferry Bayu | Dec 19, 2024 | Business
ASUENE, a carbon accounting platform developed by ASUENE Inc., will begin offering a white label version of the service. PT Bank SMBC Indonesia TBK, a major bank operating in Indonesia and a consolidated subsidiary of the Sumitomo Mitsui Financial Group, has introduced the white-label version of ASUENE as the optimal tool to support the decarbonization and ESG management of local corporations, and has begun selling it to its corporate clients.
Background
Following the Japanese government’s declaration of carbon neutrality by 2050, companies are required to reduce CO2 emissions not only within their own operations but also across the entire supply chain, including their business partners.By March 2027, the SSBJ standards will be mandatory for companies with a market capitalization of over 3 trillion yen, further accelerating decarbonization efforts, particularly among large corporations.
ASUENE will promote the white label provision of its “ASUENE”, a carbon accounting platform. Companies using the white label service can customize the logo and set up their own domain, enabling them to support the decarbonization and ESG management of their supply chain and affiliated companies using “ASUENE”.
In November 2024, as part of this initiative, ASUENE formed a business partnership with SMBC Indonesia, and will support the provision of the white label “ASUENE” to SMBC Indonesia’s customer base, which includes over 300 listed and major companies in their investment and financing portfolio.
Features
Asuene will not only collaborate with financial institutions but also work with companies across domestic and international supply chains, including those in the manufacturing sector.
Through expanded collaborations across industries, we will leverage the expertise of“ASUENE”, a carbon accounting platform with the No. 1 implementation track record in Asia, to support companies in their decarbonization management efforts.And we will contribute to the realization of a carbon-neutral society on a global scale, both domestically and internationally.
by | Dec 18, 2024 | Business
The Aliw Awards 2024 (held on December 18, 2024) at the luxurious Manila Hotel was a spectacular evening celebrating artistic and creative excellence. This event brought together a remarkable lineup of performers, creators, and notable personalities from the entertainment industry. Among the night’s highlights was the attendance of Kwento Co and Boost Gio. They made a significant mark (because of) their dynamic presence and impactful contributions. However, the atmosphere was electric and the excitement was palpable. Although many talented individuals were present, the night truly belonged to those two.
A Night of Excellence at Aliw Awards 2024
The Aliw Awards have been seen as one of the most important events that celebrate Filipino talent for a long time. The 2024 edition of the awards ceremony was no different, providing a stage to honor amazing achievements in performing arts, entertainment,t, and innovation. It took place at the historic Manila Hotel, where the grandeur of the venue added a touch of timeless elegance to the night. Attendees enjoyed unforgettable performances, heartfelt speeches, and a gathering of some of the brightest minds in the industry. (Kwento Co and Boost Gio) were among the notable guests who walked the red carpet, showing off sophistication and excellence. Their involvement in the Aliw Awards 2024 not only showed their ongoing commitment to supporting Filipino creativity, but, it also emphasized their role as leaders in their fields. Kwento Co and Boost Gio: Celebrating Creativity and Innovation. Kwento Co’s Contribution to Storytelling and Community Impact is significant because of its dedication to the arts.
Kwento Co has made a name for itself as a major player in modern storytelling (1) by creating narratives that really connect with audiences. Their fresh way of sharing stories and uplifting voices in the Filipino community has truly set them apart from others in the industry. At the Aliw Awards 2024, their strong presence showed just how dedicated they are to encouraging creativity and highlighting important narratives. They inspire local creators and shine a light on underrepresented voices. Kwento Co plays a crucial role in shaping today’s Filipino media. Their work connects generations and reminds people of the importance of storytelling in keeping heritage alive, sparking imagination and building connections.
Boost Gio: Pioneering Progress and Transformation. Boost Gio, recognized for its innovative contributions to creative and entrepreneurial fields, has kept raising the bar for what’s possible. At the Aliw Awards, Boost Gio’s focus on empowering artists, creators and businesses was front and center (2). Their presence at the event highlighted the need for collaboration and growth in the creative industry. However, there is still much work to be done. Although they have made significant strides, the journey of creativity is ongoing. This is because the landscape continues to change and new challenges always arise.
Boost Gio has always given platforms, tools and chances for aspiring talents to flourish. By linking people (individuals), providing strategic support and embracing new technologies, Boost Gio has strengthened its reputation as a leader in transformation. However, this progress isn’t just about technology; it also involves nurturing connections. Although many companies claim to support talent, Boost Gio stands out because of its genuine commitment to helping others succeed.
The Manila Hotel: A Venue Fit for the Stars
Hosting the Aliw Awards 2024 at The Manila Hotel brought together heritage and modernity in a stunning display. Known for its rich history and grandeur, the hotel served as the perfect backdrop for a night celebrating Filipino talent. The meticulously designed red carpet, illuminated ballrooms and dazzling light displays added an air of majesty to the event. Guests (including Kwento Co, Boost Gio and other renowned personalities) graced the red carpet with elegance and poise. The ambiance was electric, as nominees, performers and industry icons gathered under one roof to celebrate outstanding achievements.
Highlight Moments: Red Carpet Appearances and Stellar Performances. The Aliw Awards 2024 was not only a platform for recognition; it was also a celebration of art in its purest form. Among the most talked-about moments were the dazzling red carpet appearances, where individuals like Kwento Co and Boost Gio showcased their influence and style. Throughout the evening, the audience witnessed award presentations to recognize outstanding performances in live entertainment, film and music. However, the true essence of the night was captured in the connections made and the joy shared. Although it was a formal event, the warmth of Filipino culture shone through, creating an unforgettable experience.
The performances from celebrated Filipino artists were breathtaking, bringing the audience to their feet. Heartfelt acceptance speeches highlighted the perseverance, passion and dedication of the nominees. Kwento Co and Boost Gio’s engagement during the event showcased their ongoing support for the creative industry (and their belief in recognizing Filipino excellence). Looking Ahead: The Future of Filipino Talent and Creativity is bright. The Aliw Awards 2024 served as a reminder of the incredible talent within the Filipino entertainment industry. With organizations like Kwento Co and Boost Gio leading the way, the future looks promising for artists, performers and storytellers alike. Their participation in such significant events amplifies the importance of collaboration, community-building and innovation (however, this is not always easy). Kwento Co continues to pave the way for creators to share their stories, but Boost Gio remains committed to supporting and empowering talent across industries. Their unwavering commitment to excellence and progress ensures that the legacy of Filipino artistry will continue to inspire generations to come, although challenges still exist.
A Night to Remember at Aliw Awards 2024 The Aliw Awards 2024 proved to be a major success, gathering visionaries, innovators, and artists to honor Filipino excellence. The presence of Kwento Co and Boost Gio brought prestige and inspiration to the event (this) reinforced their status as key players in creativity and progress within the industry. As the curtains (finally) close on this unforgettable evening, the focus stays on the future of Filipino art and storytelling. With Kwento Co and Boost Gio leading the way, the journey toward creativity, innovation, and empowerment goes on. However, many people wonder what the next steps will be.
You must be logged in to post a comment.