Home Blog Page 4500

Flying High

0

Adding a new model in the Pilot’s Watch collection, the Big Pilot’s Watch Annual Calendar Edition ‘Antoine de Saint Exupéry’ was created in honour of the French pilot and author. The Big Pilot’s Watch Heritage is available with a case of either titanium or bronze and inspired by the historical Big Pilot’s Watch (Calibre 52 T.S.C).

Being limited to only 250 pieces, the Antoine de Saint Exupéry is made in 18-carat red gold with a brown dial and gold-plated hands. The tobacco brown dial and the brown calfskin strap with decorative white stitching are reminiscent of the pilot suits from the era of Antoine de Saint-Exupéry himself.

The Big Pilot’s Watch Heritage is available in two different models:

  • Titanium with a black dial and blue hands coated with luminescent material
  • Bronze with a black dial and blue hands coated with luminescent material

MAMSB Named Most Outstanding Islamic Asset Management Company in Malaysia

0

Manulife Asset Management Services Berhad (MAMSB) has been named the Most Outstanding Islamic Asset Management Company in Malaysia by the Kuala Lumpur Islamic Finance Forum (KLIFF). This award acknowledges and honours the efforts and contributions by MAMSB in developing the Islamic finance industry.

The award was presented by Dato’ Wira Othman Aziz, Deputy Finance Minister I, Ministry of Finance, Malaysia, at the 14th KLIFF Islamic Finance Awards Ceremony held at Hotel Istana, Kuala Lumpur.

Jason Chong, Chief Executive Officer and Executive Director of MAMSB said, “It gives us great honour to be recognised as the Most Outstanding Islamic Asset Management Company by KLIFF Islamic Finance Awards 2017. This award is a testament to the strategic progress that MAMSB has made in capturing significant market opportunities in the Shariah-compliant investment space while further leveraging our deep local expertise in terms of portfolio management and investment advisory services.”

Bank Negara Malaysia is committed to ensure Malaysia remains a leading international Islamic financial centre. Driven primarily by the expansion of unit trust funds, assets under management for Islamic funds in Malaysia grew 13% to RM149.6 billion in 2016, accounting for around 21% of Malaysia’s fund management industry.

MAMSB offers a suite of 16 Shariah-compliant funds covering equity, sukuk, mixed assets, money market and Private Retirement Scheme. As of 31 August 2017, the total AUM of MAMSB’s Islamic funds stands at more than RM1.75 billion. In addition, 70% of the Shariah-compliant unit trust funds are EPF-Members Investment Scheme approved.      

Over the last ten and a half years, the AUM growth of MAMSB’s Shariah-compliant funds has averaged an impressive +21% p.a. versus total Unit Trust industry growth of 16% p.a.

For the past seven years, four of MAMSB’s Shariah-compliant funds have been award winners and these funds have won a total of 15 “Best Fund” awards for 3-Year &/or 5-Year fund performances from esteemed bodies like Kuala Lumpur Islamic Finance Forum – Islamic Finance Awards, Thomson Reuters Lipper Fund Award – Global Islamic and The Edge | Thomson Reuters Lipper Malaysia Fund Awards.

Cyberview’s Living Lab Accelerator Startups Showcase Smart City Innovations at Demo Day

1

Five startups had the chance to showcase their ideas and pitch their business offerings to a group of ecosystem partners, venture capitalists, corporate partners, and investors at the CLLA Demo Day.

The five companies, consisting of FinTech and IoT solution providers, belongs in the Cyberview Living Lab Accelerator (CLLA) Programme were subjected to five month of intensive development. These startups, presently working out of Cyberview’s collaborative working space CoInnov8, have been given access to a host of resources that they need to further advance their innovation in order to make it market-ready.

The latest cohort showed of various innovations including: a certification solution to prevent counterfeit products, a platform enabling easier mortgage loan applications, a management system for co-working spaces, a fitness device that helps users improve balance and core muscles, and a platform that allows users the convenience of booking parking spots using their smartphones. 

“This latest cohort of the CLLA Programme is proof that there is a myriad of ideas out there in the market at the tipping point of commercialisation, which need the right push in the right direction in order to realise their fullest potential. This is essentially the very reason why the CLLA Programme was set up in the first place,” said Mohd Najib Ibrahim, Acting Managing Director of Cyberview Sdn Bhd.

Group photo during Cyberview Living Lab Accelerator (CLLA) Demo Day

The selected startups were provided with resources and facilities valued at RM50,000 for each startup to be pilot and investment ready. These resources and facilities included mentorship in areas such as marketing, legal, and IT as well as leveraging a network of investors, entrepreneurs, and industry leaders. Cyberview is collaborating with Finnext Capital to ensure that participants are equipped with sufficient guidance and resources throughout the duration of the accelerator programme.

“The unique proposition of the CLLA is that it supports startups with solutions that feed into a smart city’s needs. There is always that question of how we can improve Cyberjaya and meet the community’s demands, and it is clear from the incredible progress that we are seeing from the participants this time around that the CLLA is an ideal platform for them to grow their ideas into game-changing enterprises while having the objective of making a positive impact on society,” said Mahadhir Aziz, Head of Technology Hub Development Division, Cyberview Sdn Bhd.

A few of the startups from the previous cohort of CLLA Programme have made progress in receiving funding and piloting their ideas. Alumni of the programme, PrimeKeeper and TrackerHero have successfully raised a substantial amount of funds for their respective businesses. The current cohort consists of fintech players LuxTag and MHub; and IoT solutions providers Campfyre, TechCare Innovation, and AppCable.

LuxTag has recently raised substantial funding from both the NEM community fund and PlaTCOM Ventures, the national technology commercialisation platform. LuxTag has also started exploring business opportunities with a company in India. IoT solutions provider TechCare Innovation has increased their revenue significantly and has officially expanded its offerings in China; Appcable is preparing to raise funds for its parking mobile application via an equity crowdfunding (ECF) platform; Campfyre has formed a partnership with the co-working space alliance; and MHub has successfully expanded their user base –  connecting with corporations like MRCB and Setia Haruman for potential collaboration through the accelerator programme.

 

An Elephant Never Forgets

0

MyElephant

When it comes to Thai cuisine in Malaysia, it’s safe to say we’re spoiled for choice. From being able to pick between affordable to extremely high-end restaurants, Thai cuisine plays an integral part in the Malaysian palette. One such restaurant that needs no introduction when it comes to Thai food is none other than MyElephant.

Getting its start in August 2007, MyElephant has steadily built a reputation among the locals for the past decade through its dishes and its pricing. Although some would claim MyElephant prices its dishes higher than the average Thai restaurant, it still boasts a healthy stream of customers day in and day out, with a loyal following from long-term customers who swear by MyElephant’s food.

MyElephant’s first-ever outlet is still standing to this day with very minimal changes to its décor and menu. Located in the old school flats of Happy Mansion, MyElephant blends itself into its surroundings with ease as it was initially targeted as your regular friendly neighbourhood restaurant.

Four years later, Taman Sri Hartamas was home to the second outlet with a contrastingly different vibe as compared to the first outlet. While both outlets may cater to two very different markets, MyElephant still manages to maintain the essence of its values through its food.

Going up North

With the focus of the menu centred around Northern Thai cuisine, MyElephant occasionally branches out, much like its current menu. In celebration of its 10-year anniversary, MyElephant is offering a special lobster-centric dish that features an entire lobster served with MyElephant’s very own signature Thai sauce. However, this special meal must be pre-ordered beforehand as it is freshly flown in all the way from the United States.

We started off the review with one of MyElephant’s signature dishes – Green Curry Chicken. While most places serve green curry as either too spicy or too bland, MyElephant manages to strike the right balance between both. This gives you a sweet and spicy taste, mixed with the creaminess and richness of the curry.

While some might argue that there are some places that does it better, MyElephant’s core strength is being consistent. While some may quote Bradley Cooper’s character in Burnt who says, “consistency is death.”, MyElephant isn’t striving for a Michelin star and it probably doesn’t intend on doing so (unless the occasion ever arises.)

Another signature dish of MyElephant is its Pineapple Fried Rice, which features fragrant, golden yellow rice with chunky pieces of pineapple hidden within. Not only does it have a nice synergy of sweet and spicy with a nice tangy flavour, MyElepant doesn’t overdo it with the presentation. Leaving the actual pineapple in the kitchen and not using it as a plate means a lot, especially to diners who couldn’t be bothered with all the bells and whistles.

Straying away from the usual tom yam soup, which is a crowd favourite, we were served Tom Som, a dish that holds many of the same qualities as tom yam. Littered with plenty of seafood choices like prawns, fish and squid, the flavours of this dish were distinctive and wholesome, making it the perfect dish to have on a cold, rainy day. An added bonus was the spice level, which was slightly higher than your usual tom yam soup (or perhaps the chef heard us complaining about the food not being that spicy and wanted to put us in our place.)

All of this was washed down with cold and refreshing Pandan Cooler, which although great, can be a little too sweet for some. In the end, it’s all down to personal preference. We know for a fact in some places that serve pandan water, it doesn’t give off any distinct flavour or aroma of the pandan leaves.

While this review serves no real actual purpose as MyElephant has already made its name long ago, it still serves as a reminder that MyElephant has remained consistent throughout its tenure. It also gives Malaysians a taste of what Northern Thai cuisine is all about.

Even with the ever-growing market for Thai food sprouting up around Malaysia, we can see MyElephant still maintaining its place as a favourite amongst many, purely because of its consistency. This what a decade’s worth of serving almost the same dishes will get you.

ABSS Joins with Microsoft to Bring Digital Transformation for Malaysian SMEs

0

Financio partners with Microsoft to give SMEs the tools to enable digital transformation. Designed for start-ups, small business owners and non-accountants, this platform will be the first freemium accounting application in Malaysia to adopt Microsoft cloud services to provide end-to-end, scalable solutions for micro SMEs in the digital economy.

Financio, owned by  Asian Business Software Solutions Sdn Bhd (ABSS), gives companies access to a secure solution that tracks business finances by leveraging Microsoft’s cloud solutions. Microenterprises will be able to migrate their accounting portfolio to Azure, a secure, stable and agile cloud platform with an uptime of 99.5%. As part of this partnership, Microsoft will offer Office 365 as a complimentary service for Financio’s current customers.

Celebrating the association, Paul Conway, CEO, ABSS said, “Through Financio, businesses are able to leverage accounting technology to boost productivity, drive collaboration and stay on top of their finances. This partnership comes from a shared interest to empower micro SMEs to operate business critical actions anytime, anywhere through a device and realising the benefits of accessing data on the go. Companies that are processing information offline should now be looking to do this online.

“Today, Financio is helping small businesses save over 384,000-man hours a year and powering more than 4500 small businesses across Malaysia. We are aiming to increase this number to 125,000 by March 2018, and our partnership with Microsoft will play a crucial role in achieving this target. We are delighted that our customers will now experience Microsoft’s cloud solutions to accelerate their business growth,” added Conway.

(Left) – K Raman, Managing Director, Microsoft Malaysia signing the strategic partnership with (right) Paul Conway, CEO, Asian Business Software Solutions Sdn Bhd (ABSS), for Financio to leverage Microsoft Cloud solutions in Kuala Lumpur on 17th Oct, 2017.

With Financio, users can track sales, purchases and miscellaneous transactions through a simplified dashboard, and automatically generate financial reports and tax records or forward transactions to recipients via email and inventory tracking. Using‘Financio Connect’, businesses can collaborate and share documents on the platform.

Start-ups and micro SMEs can expect to save at least 100-man hours and RM2,000 a year by moving from spreadsheets to accounting automation. Accounting automation takes away most of the bookkeeping process from the business such as double entries, generating reports and GST tax records, allowing business owners and accounting teams to focus on accelerating their business growth.

Financio is free for micro businesses, offering up to 10 invoices monthly, and business owners can upgrade to Financio’s premium features at RM32.95 a month. With Azure, micro SMEs will be able to gain access to trusted Microsoft products that deliver a seamless cloud experience while enjoying the robustness and stability that comes with Financio.

Header pic: (Left) – K Raman, Managing Director, Microsoft Malaysia signing the strategic partnership with (right) Paul Conway, CEO, Asian Business Software Solutions Sdn Bhd (ABSS) witnessed by (centre) Farid Awang, Head of Division, Finance & Account Division, SME Corporation Malaysia in Kuala Lumpur on 17 th Oct, 2017.

AI Fuelling Customer Experience Strategies of World’s Top Brands

0

A global survey of more than 550 senior executives across 30 countries and territories reports that 91% of ‘iconic’ companies will deploy artificial intelligence (AI) solutions to increase customer satisfaction, compared to 42% of companies in their fields overall.

The new report from MIT Technology Review is sponsored by Genesys, known as Getting to Iconic, reveals that firms are more likely to recognise automated AI tools are most effective when they supplement and extend the capabilities of their customer support team, rather than replace human investment.

As such, 60% of survey respondents felt they had the right mix of automated customer communication channels, compared to only 26% of the poor performers and 40% overall.

The report also noted that optimising tools, applications and operational processes to engage with customers across every stage of their shared journey has always been a core growth strategy for successful global firms. This has only accelerated with the advance of technologies such as big data analytics, which turns customer information into predictive assets, and virtual assistants, which help firms more efficiently manage customer inquiries.

Iconic companies are also nearly three times as likely to consider leadership in technology adoption as a crucial component of maintaining customer experience excellence. In contrast, only half of firms with low levels of customer experience satisfaction and low brand recognition currently employ enabling technologies, and 10% have no intention of doing so.

Merijn te Booij, Chief Marketing Officer at Genesys says: “We’re excited that Kate, our new customer experience AI, will enable a smooth and contextual handoff between bots and humans. The combined power of automation with the finesse of the human touch across the enterprise delivers the kind of blended AI solution every customer experience leader needs today.”

Overall, Getting to Iconic determines iconic companies are much more advanced in their deployment of leading customer experience technologies, including the use of emerging AI applications. They are also much more able to follow customers across all channels, and manage customer experience levels across their extended ecosystem.

Budget 2018 Wishlist: All Eyes on the ICT Sector

0

In view of the upcoming Budget 2018, the National ICT Association of Malaysia (PIKOM) proposes several recommendations to the Malaysian government for inclusion in the budgetary plans for the coming year. These recommendations are focused on providing a needed boost for the digital economy, which comprise of a wide range of sub-sectors including ICT hardware, software, services, commucations and eCommerce.

  1. Propagating a digital ready workforce

In developing the next generation of talent to support Malaysia’s digital economy, a greater number of Science, Technology, Engineering and Mathematics (“STEM”) oriented students are needed. Government should explicitly promote secondary school and tertiary students to embark on STEM stream or courses that are relevant to Industry 4.0.

PIKOM recommends:

  • STEM students to be provided with a stipend or monetary incentives to pursue additional online courses, purchase technology and procure additional resources.
  • Enhanced corporate tax incentives for companies providing scholarships for Computer Science, Software Engineering and STEM related courses, as well as companies training employees to obtain professional certification in critical core areas such as data science, artificial intelligence, cyber-security and others.
  1. Withholding tax on software

The Finance Act 2017 has had a detrimental impact on the local software industry. Compounding the issue is uncertainly on the application of withholding tax on software prior to 2017.

PIKOM recommends:

  • Software should not be subjected to royalty for mere use or right to use
  • Tax should not be imposed retrospectively.
  1. Greater utilisation of ICT in government

The government needs to be at the forefront of technology adoption, which will position Malaysia as a leader in the digital age.

PIKOM recommends:

  • The government should accelerate the use of disruptive ICT technologies such as hyperscale public cloud, advanced analytics, mobile, social, artificial intelligence, IoT, Blockchain and others. This will not only improve public service delivery and reduce operational cost, but also serve as a catalyst and confidence booster for the private sector to adopt these technologies.
  1. Making ICT more affordable for every Malaysian

Affordable, accessible ICT hardware and software is vital towards creating an educated, informed nation, whose population is not left behind in the new digital era.

PIKOM recommends:

  • GST zero-rated for ICT products and services, especially for bigger ticket items like laptops, smartphones and so on.
  • Tax relief of RM3,000 to be exercisable annually and to cover PCs, tablets and smartphones.
  • Reintroduce the EPF PC Scheme
  • Reduce broadband prices to be on par with other countries without the speeds intact

Hong Leong Assurance Honours Top Performers at Annual Awards

0

Hong Leong Assurance (HLA) recognises its high achieving agents at the Annual Awards Presentation 2017 convention recently held at the Genting International Convention Centre.

HLA broke company records this year with a total gross premium of RM 3 billion during the previous Financial Year of 2016/2017. In the same period, it won the Most Valuable Brand Award of the Year during the BrandLaureate BestBrand Awards 2016-2017, and the Malaysia’s Domestic Life Insurer of the Year award by Asian Banking and Finance for 2 years in a row during the Insurance Asia Awards 2016 and 2017 respectively.

On the international Million Dollar Round Table (MDRT) platform, HLA had achieved the highest number of MDRT achievers in the history of the company, with 235 MDRTs with 7 TOTs and 6 COTs in 2017.

Loh Guat Lan, Group Managing Director and Chief Executive Officer, said “My heartfelt congratulations to all top achievers! It has been a long journey leading up to this milestone, but I believe this is just the beginning. There is much more to be done, such as continuous development and expansion of our agency force, as well as providing enhanced product offerings which add value and promote the best practices of the company within the industry.”

She added “In the previous years, we have seen large numbers in terms of MDRTs achievers, and this year the number of qualifiers has grown substantially. The fact that our agents continue to receive this international recognition of excellence every year is testament to the underlying strength of the company. We see an encouraging number of fresh faces in this year’s awards and we hope this uptrend can be emulated and continued in years to come.”

L-R: Tan Kheng Seng (General Manager, Agency Distribution); Loke Kah Meng, (Chief Operating Officer); Jacky Chin Chun Seong (Champion MBA); May Lee (Champion Agency Manager); Loh Guat Lan (Group Managing Director and Chief Executive Officer); Jessie Wong (Champion Agent); Marissa Zarina Binti Dzulkipli (Champion Bumiputera Agent); Pusparajah A/L Muthu Krishnansamy (General Manager, Agency Recruitment & Development)

Over 1,000 awardees received awards in various award categories during the event. One notable award winner is HLA’s luminary, May Lee Sue Wee, who emerged as the Record Holder for 10 consecutive years as the Champion Agency Manager.

The highest honours went to the following Champion awardees at the top of their respective categories:

  • Champion Agency Manager – May Lee Sue Wee
  • Champion Unit Manager – Jack Leong Yien Hung
  • Champion Master Builder Award – Jacky Chin Chun Seong
  • Champion Agent – Jessie Wong Siaw Puie

The Annual Awards Presentation was held in conjunction with HLA’s two days sales convention. The convention saw renowned industry speakers from abroad to share their experience and insights. This is part of HLA’s agency force professional development programme to upgrade professional competencies and refining potential.