by Ferry Bayu | Sep 8, 2023 | Business
InvestKL: New Industrial Master Plan 2030 the cornerstone for a sustainable, economically-diverse, and digitally-driven Malaysia
InvestKL will empower NIMP 2030 by attracting leading global companies that spur the creation of high-skilled jobs, foster talent development, and promote the transfer of knowledge through public and private collaborations.
KUALA LUMPUR, September 8, 2023 — InvestKL, the leading investment promotion agency for Greater Kuala Lumpur (Greater KL), welcomes the New Industrial Master Plan 2030 (NIMP 2030), which was recently launched by Prime Minister YAB Dato’ Seri Anwar Ibrahim.
A foundation of the Government’s ambitious and transformative Ekonomi MADANI framework, NIMP 2030 will see an estimated RM95 billion invested over the next seven years, of which almost 10% will be allocated via the NIMP Industrial Development Fund and the NIMP Strategic Co-investment Fund. The NIMP 2030 adopts a four mission-based approach i) advancing economic complexity, ii) tech-up for a digitally vibrant nation, pushing for Net Zero, and iv) safeguarding economic security and inclusivity, to transform Malaysia into a regional and global powerhouse by 2030.
Chief Executive Officer of InvestKL, Datuk Muhammad Azmi Zulkifli said, “With a short window of just seven years, NIMP 2030 takes a cohesive whole-of-nation approach that is necessary to keep Malaysia and Greater KL competitive while building a more equitable and inclusive nation. We are confident that Greater KL has all the fundamentals to ensure the success of NIMP 2030 through the set-up of MNCs in the identified focus sectors. We will work closely with the Ministry of Investment, Trade and Industry (MITI) to support the delivery and implementation of the various projects, investments, and initiatives necessary to make the NIMP 2030 a success.”
Tasked to attract the world’s leading global companies to set-up their regional hubs in Greater KL, InvestKL will intensify its efforts to align with NIMP 2030 by:
- Attracting the establishment of Global Services Hubs
The constant improvement in Malaysia and Greater KL’s global rankings has bolstered InvestKL’s efforts to support NIMP 2030 goals by attracting the establishment of Global Services Hubs. These entail drawing in leading global companies to establish regional and global operations centres to service markets throughout Asia, in areas such as digital, innovation, and technology-driven activities. These company investments are at the forefront of sustainability, with initiatives to support Malaysia’s pledge to achieve carbon neutrality and Net Zero by 2050. InvestKL champions responsible business by creating opportunities in community engagement, policy advocacy, and building leading capabilities in the Sustainability space for MNCs to accelerate their Global Sustainability goals.
- Spillover to the local ecosystem
The establishment of these hubs creates a vibrant ecosystem – one that enables collaborative opportunities between academia and local SMEs. The creation of high-value job opportunities not only ensures a competitive salary but also nurtures Malaysian talent through the transfer of knowledge. Through InvestKL’s extensive network with universities, MNCs are able to leverage and explore partnerships, and design programmes and initiatives to ensure a strong continuous pipeline of local talents to support their activities.
- Foster public-private collaboration
In line with the NIMP 2030 enabler, improving the investor journey, InvestKL assists in policy shaping and develops programmes to integrate MNCs into the local ecosystem, enhancing the ease of doing business, and bolstering investor confidence. This has been achieved through various engagements with MITI, government agencies, and relevant key stakeholders.
As of July 2023, InvestKL has attracted over 130 Global Services Hubs of foreign MNCs in Greater KL, creating over 19,000 executive jobs, with an average monthly salary of RM13,000 monthly. The future remains bright for Greater KL as a regional hub for global investors looking to mark their presence in the region.
InvestKL is the investment promotion agency for Greater Kuala Lumpur (Greater KL) under the Ministry of Investment, Trade and Industry (MITI). Guided by the National Investment Aspirations (NIA) framework, InvestKL attracts and facilitates the establishment of global services hubs by the world‘s leading companies. As a holistic partner, InvestKL is involved in every stage of the investment process, from a partner in early project implementation to post-investment services. InvestKL supports Malaysia‘s ambition to become a technology-driven green nation through quality investments, transfer of knowledge, and the creation of high-skilled executive jobs for Malaysians.
For media enquiries, please contact:
Engku Nur Anis Adila
Senior Manager, Strategic Communication
Email: en*********@**********ov.my
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by Ferry Bayu | Sep 8, 2023 | Business
Twimbit stories: Making research bite-sized and fun
Twimbit introduces “Twimbit Stories” that offer quick, visually engaging insights on industry news, customer experience, and more. Users can easily access these bite-sized stories in various verticals such as Banking, Megatrends, Disruptive Tech, Telecoms, and Customer Experience.
A brand-new feature that condenses comprehensive insights into bite-sized, easy-to-read content in under 8 seconds
Need a quick fix on today’s industry news? Looking to cram in a quick customer experience insight to plug and adapt into your business practices? Or are you enthusiastic about keeping up with the top leading telcos or banks in today’s dynamic landscape?
Our short-form and visual-heavy stories ensure you never have to skip a beat while keeping you informed on the latest news.
How stories work
Find the Stories carousel above News Feed on the Twimbit home tab.
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Getting started is as easy as a click. Twimbit stories cover our 5 verticals – Banking, Megatrends, Disruptive Tech, Telecoms, and Customer Experience. View stories at your pace, when and where you want them!
Stories
And if there’s a story that catches your attention, we also have the option for you to visit the post directly and learn more.
Learn more
Our goal has always been to make the inaccessible easy. Twimbit stories is our next step to a future of easy, bite-sized research at your fingertips.
To view Twimbit stories, click on www.twimbit.com. To learn more, contact us on re*****@*****it.com.
Twimbit is a research and advisory firm driven by a singular mission: to empower businesses making a difference. We specialize in providing invaluable industry intelligence to executives and teams, acting as a catalyst for innovation and growth. Twimbit’s proprietary research platform seeks to revolutionize the way enterprises consume insights, making it effortlessly enjoyable and accessible to all.
More information on twimbit is available online at www.twimbit.com. Follow news and updates from Twimbit on Twitter and LinkedIn. Members of the media can find additional information in the Twimbit newsroom.
Vansh Sehgal
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by Ferry Bayu | Sep 7, 2023 | Business
Powerhouse International Acquires Zhig Zhag as 2023 COD:M Roster
New esports brand, Powerhouse International acquires Zhig Zhag as 2023 Call of Duty:Mobile (COD:M) roster to make her mark on the competitive esports scene.
Powerhouse International Acquires Zhig Zhag as 2023 COD:M Roster
New esports brand, Powerhouse International acquires Zhig Zhag as 2023 Call of Duty:Mobile (COD:M) roster to make her mark on the competitive esports scene.
Zhig Zhag, former AMT is a high performing professional team in the COD:M multi-player mode. On top of the numerous achievements they have obtained in various Garena and regional tournaments, the team also qualified back to back in the COD:M World Championship in 2021 and 2022, representing Southeast Asia and Singapore.
The team is made up of the original line up – Incendio, IrfanJ, Sh4d4p, former blacklist ultimate members – Skerd, FDx as well as former SEM9’s B1ngo. When asked about his confidence level of the new line up’s ability to perform, team captain Incendio said, “I am extremely confident that this line up will excel because it is made up of individuals who really want to win.”.
The acquisition of the team represents a bold step forward for Powerhouse International and underscores their commitment to building a formidable presence in the esports arena. This acquisition is expected to propel both parties to new heights and create exciting opportunities for fans, sponsors, and players alike.
Don Dave Buenafe, Co-founder at Powerhouse International, expressed their enthusiasm about this groundbreaking acquisition, saying, “In the world of business and esports, the acquisition of this team is not just a move, but a strategic symphony. It’s the harmony of shared vision and goals that compose the future of victory.”
Director of Powerhouse International, Faith Lau added, “What we see in the team is a desire to consistently improve and play to win. These are the traits that will win them championships. We believe strongly in the team and we are ready to take on some of the greatest teams in Garena, Asia and the World.”
The team just finished the Garena Masters V group stage with a perfect 7-0 match score and are due to face off against their long time rivals such as Smart Omega and EZR Booky in the playoffs. Meanwhile, they have set their eyes to qualify for the COD:M World Championship Stage 5 third time in a row.
Zhig Zhag will now play as Powerhouse.
Officially established in 2023, Paramount Gaming Pte Ltd is an esports organisation dedicated to promote and elevate esports. The company has two esports brand under her belt – Paramount Gaming Esports, an esports event management and production brand and Powerhouse International, an esports talent brand.
Faith Lau
+65 9029 7653
po***********@**ia.com
by Ferry Bayu | Sep 7, 2023 | Business
HSS AND PROPICK JOINT VENTURE TO OFFER AI DRONE TECHNOLOGY TO ENGINEERING SECTOR
HSS Engineers Bhd (HEB) and ProPick Digital Solutions & Consulting Sdn Bhd have announced a joint venture (JV) to provide advanced artificial intelligence (AI)-empowered drone technology to the engineering sector. HEB’s subsidiary, HSS Technologies Sdn Bhd, will hold a 70% stake in the new company, called HSS-ProPick Technologies Sdn Bhd, with ProPick holding the remaining 30%.
As part of the agreement, ProPick will transfer all its intellectual property rights to the JV. This transfer will enable the quick implementation of AI-driven drone services within HEB’s operations and potential expansion across various industries in South-East Asia.
AI-enabled drones have the potential to greatly benefit the engineering sector. They can be used for a wide range of applications such as aerial inspections, surveying, mapping, and surveillance. By leveraging AI technology, these drones can analyze data collected during flights and provide valuable insights to engineers and researchers. This can help improve efficiency, accuracy, and safety in various engineering projects.
The partnership between HEB and ProPick aims to capitalize on the growing demand for AI drone technology in the engineering sector. It will provide HEB’s clients with access to cutting-edge drone solutions that can enhance their operations and decision-making processes.
This collaboration also opens up opportunities for the JV to expand its offerings to other industries in South-East Asia. The implementation of AI-driven drone services has the potential to revolutionize various sectors, including agriculture, construction, logistics, and more.
Overall, the HSS-ProPick joint venture signifies a significant step forward in the adoption of AI technology in the engineering sector in South-East Asia. It brings together the expertise of both companies to deliver innovative and transformative drone solutions to meet the evolving needs of the industry.
HEB, through its subsidiaries (HEB Group or the Group) and associates, is principally involved in the provision of engineering and project management services including engineering design, construction supervision, project management, environmental services and building information modeling services. The Group has a total workforce of more than 850 staff, of which, more than half are engineers of various disciplines. With a combined experience of more than 80 years, the Group possesses longstanding experience in a wide array of sectors including urban infrastructure, transportation planning, roads and highways, railways and metro systems, water resources and supply, waste management, building and structures and power generation. As one of the leading and by far the largest listed engineering consultancy group in Malaysia, the Group is/has been involved in many notable large-scale projects including Iskandar Bus Rapid Transit, Northern Corridor Economic Region, MRT 1 & 2, Maju Expressway 2, West Coast Expressway, SUKE Expressway, Pahang – Selangor Raw Water Transfer, Development of Sungai Selangor Phase 1, 2 and 3, Sarawak Water Grid Study, Layang 2 and East Coast Rail Link. The Group now operates from 4 main offices, based in Kuala Lumpur (2 offices) and Penang in Malaysia as well as Chennai in India.
+6 03-9173 0355
he*@*****om.my
by Ferry Bayu | Sep 7, 2023 | Business
Cebu Pacific offers piso fare in 9.9 seat sale
MANILA — Cebu Pacific is offering P1 seats for selected flights as part of its 9.9 Super Seat Fest.
In a tweet, the budget carrier said seats to destinations like Bacolod, Coron, Bohol, Tacloban, Boracay, Puerto Princesa, and other local destinations are available for a P1 base fare.
The piso fare is also available for flights to Jakarta, Macau, Hong Kong, Bangkok, Beijing, Taipei, and other Asian destinations.
Passengers must book their flights from September 7-10 to avail of the promo, then travel anytime from April to August 31, 2024.
Cebu Pacific’s net income reached P2.7 billion from April to June 2023, a reversal of the P1.9 billion net loss it recorded in the same period last year.
It is also expanding its fleet after facing complaints over flight delays and cancellations that have led to calls to suspend its franchise.
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