CIMB Daybreak - 21 April 2015
ECOFIRS (3557), EKIB (7189), NEXGRAM (0096), SUNSURIA (3743), BIOHLDG (0179), JOBST (0058), HOVID (7213), WPRTS (5246), MISC (3816), PCHEM (5183), AFFIN (5185), AIRASIA (5099),
Ecofirst inks option to buy land from IGB for RM63mil
April 21, 2015 11:10:00 am
Ecofirst Consolidated Bhd has signed an option agreement with IGB Corp Bhd to buy a 25-acre freehold parcel in Gombak, Selangor, for RM62.8m. Ecofirst said IGB’s land is situated just beside the 62 acres it was acquiring from Zurich Insurance (M) Bhd for RM145m. The new land can complement the mixed project it has proposed for the Zurich land. IGB’s parcel worked out to be RM57.45 per sq ft compared with Zurich’s RM54 per sq ft. Ecofirst is required to obtain shareholders’ approval within four months from the execution date, with an automatic extension of two months from the expiry of the four months if requested by Ecofirst. The land is currently occupied by other sub-tenants, whom IGB had taken steps to evict. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Majestic Engineering is expected to supply new diesel multiple units to KTMB
April 21, 2015 11:09:00 am
Majestic Engineering is expected to supply new diesel multiple units to Keretapi Tanah Melayu Bhd in a deal worth about RM350m. The little-known company has received a letter of intent (LOI) from the Transport Ministry to supply 13 four-car train sets. The LOI for the project was awarded last month and based on direct negotiations. (BT) Source: CIMB Daybreak - 21 April 2015...
Mitsubishi Offers Five-Year Free Maintenance, Warranty For ASX Model
April 21, 2015 11:07:00 am
Mitsubishi Motors Malaysia is offering a five-year free maintenance and warranty for the first 1,000 units of the new Mitsubishi ASX model. Mitsubishi said the offer covers labour charge, engine oil, oil filter, air cleaner, transmission oil, fuel filter, brake fluid and coolant. "Mitsubishi is the first car company to offer a five-year free maintenance package for the compact SUV segment. The 2WD variant is priced at RM117,334.31 while the 4WD variant at RM131,828.59. Both are available in Black Mica, Titanium Grey, Cool Silver and Solid White colours," it said. Since 2005, Mitsubishi has sold over 88,000 units in Malaysia. It has 58 showrooms and 54 service outlets nationwide. (Bernama)Source: CIMB Daybreak - 21 April 2015...
Emas Kiara bags RM23mil contract
April 21, 2015 11:07:00 am
Emas Kiara Industries Bhd has bagged a S$8.7m (RM23.2m) subcontract agreement from Penta-Ocean Construction-Civil Tech joint venture which is doing land preparation works for the expansion of Changi Airport. The engineering company said in a filing with Bursa Malaysia that its unit, Kiaratex Exports Pte Ltd, would undertake the installation of prefabricated vertical drain (PVD) works and PVD surcharge trial panel works. The contract spanned 70 months starting from Nov 23, 2014. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Nexgram to buy shares in Godynamic for RM18.53mil
April 21, 2015 11:06:00 am
Nexgram Holdings Bhd unit Nextnation Network Sdn Bhd has proposed to acquire an 18.6% in Godynamic Investments Ltd (GIL) for RM18.53m. The acquisition would increase Nextnation Network’s stake in GIL to 69.6% from 51% previously, Nexgram said in a filing with Bursa Malaysia. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Sunsuria in property deal
April 21, 2015 11:05:00 am
Sunsuria Bhd has proposed to acquire the remaining 50% in a property development company that is developing 331 acres surrounding the upcoming Xiamen University Malaysia Campus in Sepang. In a filing with Bursa Malaysia, Sunsuria said it was buying the property from Sime Darby Property (Sungai Kapar) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property, for RM173.4m, including a shareholders’ advance of RM16.39m. The transaction values the land at RM41 psf. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Bioalpha gets UMA query after share price rises 135%
April 21, 2015 11:05:00 am
Bioalpha Holdings Bhd has received an unusual market activity query for the meteoric rise in its share price and heavy volume. Since it was listed last Thursday, the stock has more than doubled from its initial public offering price of 20 sen. It reached a high of 47 sen yesterday, representing a 135% hike compared with its IPO price. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Palm oil shipments rose 9.6% in first 20 days of April
April 21, 2015 11:02:00 am
Palm oil shipments rose 9.6% in first 20 days of April from 640,254 tons in March 1-20, according to Intertek Testing Services. (Bloomberg) Source: CIMB Daybreak - 21 April 2015...
EPF Pulls Off Best Valuation Possible For London Property
April 21, 2015 11:02:00 am
The sale of One Sheldon Square in London to British Land, the UK's largest real estate company, for 210m pounds (1 pound = RM5.39) is a record for a property in that area of the city, said the EPF. CEO Datuk Shahril Ridza Ridzuan said the EPF made a hefty profit from the sale as the property was purchased at 150m pounds in 2010. "We feel that we had pulled off the best valuation possible in that area of London and we had seized the opportunity to make a big profit that will be used for future investments," he said, adding that British Land won the bid through an open tender process for which more than 20 companies vied for. One Sheldon Square, comprising nearly 200,000 square feet of freehold office space over nine floors, is fully let to Visa Services Europe until Dec 2022. (Bernama)Source: CIMB Daybreak - 21 April 2015...
EPF launches four initiatives to improve current retirement scheme
April 21, 2015 11:01:00 am
The Employees Provident Fund (EPF) has launched four initiatives to improve the current scheme, including aligning the full withdrawal age with the minimum retirement age as determined by the government. The other three proposals are aligning minimum contributions with minimum age legislation, extending dividend payments from the age of 75 to 100 years, and introducing shariah-compliant retirement savings in addition to the existing scheme. CEO Datuk Shahril Ridza Ridzuan said despite the changes in the full withdrawal age, the existing pre-retirement withdrawals remain unchanged. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
Jobstreet open to SEA investments
April 21, 2015 11:00:00 am
Pioneer local employment portal company Jobstreet Corp Bhd (JCB) which is now without a core business after completing the disposal of its online job portal late last year, is open to investing in any business sector but is particularly keen on acquiring new companies. However, its CEO Mark Chang told that the company was adopting a conservative approach and focus on spending the next two years studying the market, before it decides its future direction. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
Impian Bebas gets RM1b financing for Lot 91 project at KLCC
April 21, 2015 10:58:00 am
Impian Bebas Sdn Bhd, which is undertaking a mixed commercial development at Kuala Lumpur City Centre (KLCC), has secured a 15-year, RM1.08bn syndicated Islamic term financing. Impian Bebas, a JV between KLCC (Holdings) Sdn Bhd and Sapura Resources Bhd, secured the financing from Maybank Investment Bank Bhd, Public Islamic Bank Bhd and RHB Islamic Bank Bhd. Lot 91 would be a mixed commercial development comprising of office tower, convention centre and retail podium. The project is expected to be completed by 2020. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
KWAP emerges as substantial shareholder in Hovid
April 21, 2015 10:57:00 am
Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd. According to Hovid's exchange filing, KWAP had 38.5m shares or a 5.042% stake in the company as at April 8. On April 9, KWAP acquired a further 2m shares, increasing its stake in Hovid to 5.3% or 40.5m shares. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
MAS revises excess baggage fee
April 21, 2015 10:56:00 am
Malaysia Airlines (MAS) said its revised excess baggage fee structure will come into effect on April 22. Previously applied regional rates per blocks of 5kg will be replaced with a zonal fee structure, with rates per block of 3kg for travel on all MAS-operated flights system-wide, both domestic and international. Excess baggage rates will be calculated based on zones, depending on the distance flown in a single itinerary. "The fee will be calculated for every 3kg in excess of the Free Baggage Allowance, instead of the previous 5kg blocks," it said. (Bernama) Source: CIMB Daybreak - 21 April 2015...
Terberg Tractors clinches RM58m Westports contract
April 21, 2015 10:55:00 am
Terberg Tractors Malaysia Sdn Bhd (TTM), a joint-venture between Terberg Group and Sime Darby Industrial Sdn Bhd, has won a RM58m contract from Westports Malaysia Sdn Bhd to supply new terminal tractors. In a statement, TTM said the contract comprised 104 units of the YT220 MKII Terberg terminal tractors. “The deal is also inclusive of service and maintenance over the next seven years. The first delivery of terminal tractors is anticipated to take place at the end of April 2015 and will continue until August 2015,” it said. (NST) Source: CIMB Daybreak - 21 April 2015...
Sime's Profit, Cash Generation To Improve, Says Moody's
April 21, 2015 10:55:00 am
Sime Darby Bhd’s profitability and cash generation are expected to improve based on expectation of 2015 crude oil prices (CPO) of RM2,240 per tonne, according to Moody’s Investors Service. In the first quarter of this year, CPO price averaged RM2,258 per tonne. “Sime’s (A3 stable) debt leverage will improve over the next 12 months, as cash generated from its palm oil business increases, and as it lowers its capital expenditure levels,” it said in a report yesterday. The report said Sime’s moves to sell its stakes in its car and Indonesian palm oil segments by the end-2016 would also contribute to the improvement. (Bernama) Source: CIMB Daybreak - 21 April 2015...
Teekay eyeing MISC's AET?
April 21, 2015 10:54:00 am
With news buzzing that Canada-based Teekay is eyeing AET, the latter's parent company MISC has neither denied nor confirmed the reports. Last Friday, international shipping publication Tradewinds speculated that Teekay chief executive Kevin Mackay had conducted discussions about an acquisition but it not clear how receptive MISC has been. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
PetChem seeking out new specialty products
April 21, 2015 10:53:00 am
Petronas Chemicals Group Bhd is looking at higher margins from new specialty products and chemical derivatives to improve its bottom line. The group will use some of its RM9.8bn cash pile to acquire or develop new products with proven technology partners. "We are evaluating a few other growth projects together with our existing and potential technology partners. The RM9.8bn cash was not kept intentionally," president and CEO Datuk Sazali Hamzah told. (Malaysian Reserve) Source: CIMB Daybreak - 21 April 2015...
Affin banks on consumer loans
April 21, 2015 10:52:00 am
Affin Holdings Bhd plans to optimise the loan mix of its retail banking division by shifting away from corporate to consumer loans within three years as part of its strategy to achieve growth. “We want to rebalance our portfolio more towards the consumer segment from 42% to eventually 50% of our loans over the medium term,” Affin’s newly-appointed group CEO Kamarul Ariffin Mohd Jamil said. It is targeting a loans growth of 8% in financial year 2015 (FY15) ending Dec 31, lower from the 8.5% achieved in FY14. “We still see liquidity challenges in the year especially with the competition for deposits. We will put in measures to ensure if there is any contraction it will remain at present levels,” Kamarul Ariffin said. He said the cost-to-income ratio which had spiked in FY14 was expected to eventually “normalise” to about 45%, noting that costs last year had risen due to the one-off acquisition of Hwang-DBS.On another matter, Kamarul Ariffin said Affin might raise fresh capital to meet its Basel III requirements for the banking industry. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
AirAsia planning IPO for Indonesian affiliate in 1H2016, says CEOApril 21, 2015 10:51:00 am
AirAsia Bhd is planning an initial public offering for its Indonesian affiliate in the first half of 2016 to raise about US$300m (RM1.08bn), its group chief executive told Reuters. AirAsia plans to sell a 30% stake in the Indonesian carrier, Tony Fernandes said on the sidelines of the World Economic Forum in Jakarta. (Reuters)Source: CIMB Daybreak - 21 April 2015...
Celcom Axiata inked MOU with VBT to enhance connectivity in Klang Valley
April 21, 2015 10:50:00 am
Celcom Axiata inked an MOU with Volksbahn Technologies (VBT) to enhance seamless service experience for connectivity and digital services in Klang Valley for LRT and Monorail users. Celcom said that its customers would see a higher level of convenience for their daily transactions with the availability of self-service kiosks at the respective stations in the Klang Valley. “This is in line with our goal of becoming the internet champion, and extend the reach of advanced technology to ensure excellent connectivity, sustained innovation and a strong presence as a leading telecommunications player in Malaysia,” CEO Datuk Shazalli Ramly said VBT chairman and MD Mohammad Hakim Low Abdullah said this tie-up would also open up opportunities for other companies which are expecting new and innovative service. “Our collaboration with Celcom will be instrumental to facilitate an enriched customer experience. It marks an important milestone in our mission as partner to Prasarana to enhance the public transport experience,” he noted. This MoU is the first-ever collaboration between a telco and VBT, that targets to combine the expertise of both parties to drive network excellence, seamless services and service innovation. (StarBiz)Source: CIMB Daybreak - 21 April 2015...
ECOFIRS (3557), EKIB (7189), NEXGRAM (0096), SUNSURIA (3743), BIOHLDG (0179), JOBST (0058), HOVID (7213), WPRTS (5246), MISC (3816), PCHEM (5183), AFFIN (5185), AIRASIA (5099),
April 21, 2015 11:10:00 am
Ecofirst Consolidated Bhd has signed an option agreement with IGB Corp Bhd to buy a 25-acre freehold parcel in Gombak, Selangor, for RM62.8m. Ecofirst said IGB’s land is situated just beside the 62 acres it was acquiring from Zurich Insurance (M) Bhd for RM145m. The new land can complement the mixed project it has proposed for the Zurich land. IGB’s parcel worked out to be RM57.45 per sq ft compared with Zurich’s RM54 per sq ft. Ecofirst is required to obtain shareholders’ approval within four months from the execution date, with an automatic extension of two months from the expiry of the four months if requested by Ecofirst. The land is currently occupied by other sub-tenants, whom IGB had taken steps to evict. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:09:00 am
Majestic Engineering is expected to supply new diesel multiple units to Keretapi Tanah Melayu Bhd in a deal worth about RM350m. The little-known company has received a letter of intent (LOI) from the Transport Ministry to supply 13 four-car train sets. The LOI for the project was awarded last month and based on direct negotiations. (BT) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:07:00 am
Mitsubishi Motors Malaysia is offering a five-year free maintenance and warranty for the first 1,000 units of the new Mitsubishi ASX model. Mitsubishi said the offer covers labour charge, engine oil, oil filter, air cleaner, transmission oil, fuel filter, brake fluid and coolant. "Mitsubishi is the first car company to offer a five-year free maintenance package for the compact SUV segment. The 2WD variant is priced at RM117,334.31 while the 4WD variant at RM131,828.59. Both are available in Black Mica, Titanium Grey, Cool Silver and Solid White colours," it said. Since 2005, Mitsubishi has sold over 88,000 units in Malaysia. It has 58 showrooms and 54 service outlets nationwide. (Bernama)Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:07:00 am
Emas Kiara Industries Bhd has bagged a S$8.7m (RM23.2m) subcontract agreement from Penta-Ocean Construction-Civil Tech joint venture which is doing land preparation works for the expansion of Changi Airport. The engineering company said in a filing with Bursa Malaysia that its unit, Kiaratex Exports Pte Ltd, would undertake the installation of prefabricated vertical drain (PVD) works and PVD surcharge trial panel works. The contract spanned 70 months starting from Nov 23, 2014. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:06:00 am
Nexgram Holdings Bhd unit Nextnation Network Sdn Bhd has proposed to acquire an 18.6% in Godynamic Investments Ltd (GIL) for RM18.53m. The acquisition would increase Nextnation Network’s stake in GIL to 69.6% from 51% previously, Nexgram said in a filing with Bursa Malaysia. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:05:00 am
Sunsuria Bhd has proposed to acquire the remaining 50% in a property development company that is developing 331 acres surrounding the upcoming Xiamen University Malaysia Campus in Sepang. In a filing with Bursa Malaysia, Sunsuria said it was buying the property from Sime Darby Property (Sungai Kapar) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property, for RM173.4m, including a shareholders’ advance of RM16.39m. The transaction values the land at RM41 psf. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:05:00 am
Bioalpha Holdings Bhd has received an unusual market activity query for the meteoric rise in its share price and heavy volume. Since it was listed last Thursday, the stock has more than doubled from its initial public offering price of 20 sen. It reached a high of 47 sen yesterday, representing a 135% hike compared with its IPO price. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:02:00 am
Palm oil shipments rose 9.6% in first 20 days of April from 640,254 tons in March 1-20, according to Intertek Testing Services. (Bloomberg) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:02:00 am
The sale of One Sheldon Square in London to British Land, the UK's largest real estate company, for 210m pounds (1 pound = RM5.39) is a record for a property in that area of the city, said the EPF. CEO Datuk Shahril Ridza Ridzuan said the EPF made a hefty profit from the sale as the property was purchased at 150m pounds in 2010. "We feel that we had pulled off the best valuation possible in that area of London and we had seized the opportunity to make a big profit that will be used for future investments," he said, adding that British Land won the bid through an open tender process for which more than 20 companies vied for. One Sheldon Square, comprising nearly 200,000 square feet of freehold office space over nine floors, is fully let to Visa Services Europe until Dec 2022. (Bernama)Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:01:00 am
The Employees Provident Fund (EPF) has launched four initiatives to improve the current scheme, including aligning the full withdrawal age with the minimum retirement age as determined by the government. The other three proposals are aligning minimum contributions with minimum age legislation, extending dividend payments from the age of 75 to 100 years, and introducing shariah-compliant retirement savings in addition to the existing scheme. CEO Datuk Shahril Ridza Ridzuan said despite the changes in the full withdrawal age, the existing pre-retirement withdrawals remain unchanged. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 11:00:00 am
Pioneer local employment portal company Jobstreet Corp Bhd (JCB) which is now without a core business after completing the disposal of its online job portal late last year, is open to investing in any business sector but is particularly keen on acquiring new companies. However, its CEO Mark Chang told that the company was adopting a conservative approach and focus on spending the next two years studying the market, before it decides its future direction. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:58:00 am
Impian Bebas Sdn Bhd, which is undertaking a mixed commercial development at Kuala Lumpur City Centre (KLCC), has secured a 15-year, RM1.08bn syndicated Islamic term financing. Impian Bebas, a JV between KLCC (Holdings) Sdn Bhd and Sapura Resources Bhd, secured the financing from Maybank Investment Bank Bhd, Public Islamic Bank Bhd and RHB Islamic Bank Bhd. Lot 91 would be a mixed commercial development comprising of office tower, convention centre and retail podium. The project is expected to be completed by 2020. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:57:00 am
Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd. According to Hovid's exchange filing, KWAP had 38.5m shares or a 5.042% stake in the company as at April 8. On April 9, KWAP acquired a further 2m shares, increasing its stake in Hovid to 5.3% or 40.5m shares. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:56:00 am
Malaysia Airlines (MAS) said its revised excess baggage fee structure will come into effect on April 22. Previously applied regional rates per blocks of 5kg will be replaced with a zonal fee structure, with rates per block of 3kg for travel on all MAS-operated flights system-wide, both domestic and international. Excess baggage rates will be calculated based on zones, depending on the distance flown in a single itinerary. "The fee will be calculated for every 3kg in excess of the Free Baggage Allowance, instead of the previous 5kg blocks," it said. (Bernama) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:55:00 am
Terberg Tractors Malaysia Sdn Bhd (TTM), a joint-venture between Terberg Group and Sime Darby Industrial Sdn Bhd, has won a RM58m contract from Westports Malaysia Sdn Bhd to supply new terminal tractors. In a statement, TTM said the contract comprised 104 units of the YT220 MKII Terberg terminal tractors. “The deal is also inclusive of service and maintenance over the next seven years. The first delivery of terminal tractors is anticipated to take place at the end of April 2015 and will continue until August 2015,” it said. (NST) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:55:00 am
Sime Darby Bhd’s profitability and cash generation are expected to improve based on expectation of 2015 crude oil prices (CPO) of RM2,240 per tonne, according to Moody’s Investors Service. In the first quarter of this year, CPO price averaged RM2,258 per tonne. “Sime’s (A3 stable) debt leverage will improve over the next 12 months, as cash generated from its palm oil business increases, and as it lowers its capital expenditure levels,” it said in a report yesterday. The report said Sime’s moves to sell its stakes in its car and Indonesian palm oil segments by the end-2016 would also contribute to the improvement. (Bernama) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:54:00 am
With news buzzing that Canada-based Teekay is eyeing AET, the latter's parent company MISC has neither denied nor confirmed the reports. Last Friday, international shipping publication Tradewinds speculated that Teekay chief executive Kevin Mackay had conducted discussions about an acquisition but it not clear how receptive MISC has been. (Financial Daily) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:53:00 am
Petronas Chemicals Group Bhd is looking at higher margins from new specialty products and chemical derivatives to improve its bottom line. The group will use some of its RM9.8bn cash pile to acquire or develop new products with proven technology partners. "We are evaluating a few other growth projects together with our existing and potential technology partners. The RM9.8bn cash was not kept intentionally," president and CEO Datuk Sazali Hamzah told. (Malaysian Reserve) Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:52:00 am
Affin Holdings Bhd plans to optimise the loan mix of its retail banking division by shifting away from corporate to consumer loans within three years as part of its strategy to achieve growth. “We want to rebalance our portfolio more towards the consumer segment from 42% to eventually 50% of our loans over the medium term,” Affin’s newly-appointed group CEO Kamarul Ariffin Mohd Jamil said. It is targeting a loans growth of 8% in financial year 2015 (FY15) ending Dec 31, lower from the 8.5% achieved in FY14. “We still see liquidity challenges in the year especially with the competition for deposits. We will put in measures to ensure if there is any contraction it will remain at present levels,” Kamarul Ariffin said. He said the cost-to-income ratio which had spiked in FY14 was expected to eventually “normalise” to about 45%, noting that costs last year had risen due to the one-off acquisition of Hwang-DBS.On another matter, Kamarul Ariffin said Affin might raise fresh capital to meet its Basel III requirements for the banking industry. (StarBiz) Source: CIMB Daybreak - 21 April 2015...
AirAsia Bhd is planning an initial public offering for its Indonesian affiliate in the first half of 2016 to raise about US$300m (RM1.08bn), its group chief executive told Reuters. AirAsia plans to sell a 30% stake in the Indonesian carrier, Tony Fernandes said on the sidelines of the World Economic Forum in Jakarta. (Reuters)Source: CIMB Daybreak - 21 April 2015...
April 21, 2015 10:50:00 am
Celcom Axiata inked an MOU with Volksbahn Technologies (VBT) to enhance seamless service experience for connectivity and digital services in Klang Valley for LRT and Monorail users. Celcom said that its customers would see a higher level of convenience for their daily transactions with the availability of self-service kiosks at the respective stations in the Klang Valley. “This is in line with our goal of becoming the internet champion, and extend the reach of advanced technology to ensure excellent connectivity, sustained innovation and a strong presence as a leading telecommunications player in Malaysia,” CEO Datuk Shazalli Ramly said VBT chairman and MD Mohammad Hakim Low Abdullah said this tie-up would also open up opportunities for other companies which are expecting new and innovative service. “Our collaboration with Celcom will be instrumental to facilitate an enriched customer experience. It marks an important milestone in our mission as partner to Prasarana to enhance the public transport experience,” he noted. This MoU is the first-ever collaboration between a telco and VBT, that targets to combine the expertise of both parties to drive network excellence, seamless services and service innovation. (StarBiz)Source: CIMB Daybreak - 21 April 2015...
