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Kenny G Returns to Malaysia for an Unforgettable Night of Music

Kuala Lumpur, Malaysia – March 2025 – Get ready to experience the legendary smooth jazz sounds of Kenny G live in Malaysia! The internationally acclaimed saxophonist, known for his soulful melodies and timeless hits, will perform at Arena of Stars, Resorts World Genting, on July 13, 2025. With a career spanning over four decades, Kenny G has captivated audiences worldwide with his signature sound, earning Grammy Awards and selling over 75 million records globally. Fans can look forward to an evening of enchanting performances featuring classics like Songbird and Forever in Love. Tickets are available now at www.rwgenting.com. Don’t miss the chance to witness this music icon live in Malaysia! About Resorts World Genting Resorts World Genting is Malaysia’s premier integrated resort, offering world-class entertainment, luxury accommodations, and thrilling attractions. Known for hosting international music legends, the resort continues to bring top-tier performances to audiences in the region. For more information, visit www.rwgenting.com.

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UOB launches Green Lane with Invest Johor to fast-track investments into JS-SEZ

JOHOR BAHRU: UOB announced that it has launched a Green Lane with Invest Johor which will fast-track investments into the Johor-Singapore Special Economic Zone (JS-SEZ). This is one of the outcomes arising from the Memorandum of Understanding (MOU) signed with Invest Johor at the 2024 ASEAN Conference last August.  The Green Lane was launched at a Johor business mission held at Sunway Hotel Big Box, organised by Singapore Business Federation (SBF) and jointly supported by UOB, Rajah & Tann and RSM Singapore. Under the agreement with Invest Johor, UOB will undertake the pre-qualification assessment for our customers’ applications for Johor’s Super Lane approval, according to the criteria set out by Invest Johor. This will further accelerate the processing turnaround time.  To further streamline the process, UOB has introduced a Fast Lane Account Opening service for its Singapore customers looking to expand into the JS-SEZ, ensuring a fast and hassle-free experience. The Bank has also established dedicated JS-SEZ Desks in Johor and Singapore to provide swift support on financial solutions, account opening, and market entry to its customers. The ceremony also saw the introduction of UOB’s first client under the Green Lane, Gold Peak Technology Group (Gold Peak). Mr Michael Lam, Executive Director and Managing Director of Gold Peak officially presented a Letter of Intent (LOI) to Tuan Haji Natazha Hariss, Chief Executive Officer of Invest Johor. The ceremony was witnessed by YAB Dato’ Onn Hafiz bin Ghazi, Menteri Besar of Johor, YB Lee Ting Han, Johor State EXCO Member for Investment, Trade, Consumer Affairs and Human Resources, Ms Ng Wei Wei, Chief Executive Officer of UOB Malaysia, Mr Victor Lo, Chairman and Chief Executive of Gold Peak and Mr Sam Cheong, Head of Group Foreign Direct Investment Advisory, UOB.  YAB Dato’ Onn Hafiz said, “Since the signing of the Johor-Singapore Special Economic Zone (JS-SEZ), we have witnessed remarkable progress in strengthening cross-border trade and investment opportunities. Our partnership with UOB has gained strong momentum, reinforcing our shared vision of creating a seamless and thriving investment ecosystem within the JS-SEZ. This collaboration is a testament to our commitment to turning vision into action. “We are also pleased to welcome Gold Peak Technology Group’s investment, which brings advanced manufacturing capabilities, high-quality job opportunities, and sustainable economic growth to Johor. This is yet another milestone that aligns with our commitment to realizing the Maju Johor 2030 vision – transforming Johor into a globally competitive and sustainable economic powerhouse. As we move forward, we remain dedicated to attracting more high-value, future-ready investments that will further cement JS-SEZ’s position as a premier destination for innovation, industry, and sustainable development.”   UOB will facilitate Gold Peak’s entry into the JS-SEZ, providing market entry advisory, cross-border banking services and financial solutions, as Gold Peak expands in the region. Gold Peak is a global leader in battery technology and energy storage solutions and is listed on the main board of Hong Kong Stock Exchange. Gold Peak’s proposed investment in the JS-SEZ is estimated to be RM670 million (US$150 million), involving the establishment of a state-of-the-art manufacturing and a research and development facility producing batteries with next-generation technologies. Ms Ng said, “Since signing the MoU with Invest Johor six months ago, UOB has been working hard to deliver on its commitments. We have brought in investments into targeted sectors, streamlined processes to fast-track investments into JS-SEZ, as well as worked with the Johor Government and MIDA to launch a video to promote JS-SEZ. We are proud to have played a significant role in bringing this potential investment from Gold Peak Technology Group. This LOI is significant as it reflects a growing interest and confidence among investors in the potential of the JS-SEZ.”    Gold Peak’s future facility will focus on producing next-generation battery technologies and is expected to play a pivotal role in advancing sustainable energy storage solutions, mainly for data centres, across Southeast Asia. The company’s proposed investment is expected to create approximately 150 to 180 employment opportunities, contributing to the region’s socio-economic development, driving innovation and providing new prospects for local talent. The investment also falls within one of the 11 key sectors the SEZ is promoting. Mr Lam added, ” We are very honoured to become UOB’s first client under the Green Lane. Gold Peak Technology Group, a leading global battery manufacturer, is committed to sustainability as a core principle of our operations. We strive to be at the forefront of the industry in green production. Sustainable energy solutions represent a key business initiative, and we are actively investing in research and development to advance innovative technologies in this area. As we are re-balancing our manufacturing capabilities in the region, the Johor-Singapore SEZ presents a strategic opportunity for us to expand our footprint in Southeast Asia. With the support from UOB and Invest Johor, our future facility will serve as a hub for innovation in battery technology and energy storage, reinforcing our commitment to “Powering A Greener Tomorrow”. The collaboration with UOB is instrumental in ensuring a smooth and efficient investment process, and we look forward to working together to realise this vision.”  

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Sometime by Asian Designers Celebrates Asian Creativity

Some people are content with following the conventional career path, but not Stan Chooi. The co-founder of Sometime by Asian Designers felt something was missing in his life while working in the marketing and branding world. He wanted to create something bigger, something that had meaning. That ‘something’ turned into Sometime, a brand that has redefined designer bags in Asia.  Caption: Stand Chooi, Co-Founder and CEO at Sometime By Asian Designers  A Leap of Faith  Stan didn’t come from a fashion design background. In fact, he knew nothing about making bags. What he did know, however, was branding and business. Over a casual conversation with his friend, now business partner and wife, Nicole Wong, an idea began to take shape. What if they could create high-quality designer bags that were not limited to the elite? What if they could offer designer craftsmanship at a fraction of the traditional cost?  That idea turned into reality in 2012 when Sometime was born as an online-only business. With no physical stores and no middlemen, they could sell beautifully crafted designer bags at a price that was accessible to many, not just a select few.  Redefining Designer Bags  Stan was never interested in just another luxury brand. Instead, he wanted to prove that you don’t need a big logo or an inflated price tag to own a well-designed, high-quality bag. By handling their own production, Sometime cut out unnecessary markups, allowing them to focus purely on craftsmanship and affordability.  The result? A designer bag without the “luxury” markup, making it possible for fresh grads buying their first ‘grown-up’ bag or young professionals looking for a stylish yet practical accessory to indulge in high-end designs without guilt.  One of the things that makes Sometime so unique is its unwavering commitment to Asian designers. From day one, Stan and his team have sought out talented creatives to collaborate with, providing a platform where designers’ names are just as important as the brand itself.  They’ve worked with Malaysian icons like Sazzy Falak, Vivy Yusof, Rizalman, Alia Bastamam, and Kamwei Fong. They even partnered with internationally renowned designer Jason Wu, who has dressed celebrities like Jessica Alba, Meghan Markle, and Lady Gaga. Each collaboration is a testament to Sometime’s mission which is to celebrate and elevate Asian creativity on a global stage.    Proposed Images:      Source of Images: Sometimes by Asian Designers   Growing a Brand, Sustainably  In an era where fast fashion dominates, Sometime is doing its part to be kinder to the planet. While achieving full sustainability is tough, they are making conscious efforts to reduce their environmental impact. Their heavy-duty collection is made of 90% recycled plastic and grosgrain, and from the beginning, they made the choice to stay away from animal leather. Instead, they invested in high-quality synthetic leather with microfiber, also known as vegan leather.  Their commitment to sustainability doesn’t stop there. The brand also sources natural cotton canvas from organic fields, avoiding chemical processing. While it’s impossible to be perfect, Sometime is constantly looking for ways to be more eco-conscious without compromising on quality or style.  From Online-Only to a Thriving Business  What started as a small online business has grown into something much bigger. In 2019, Sometime opened its first physical showroom at The Gardens Mall, Kuala Lumpur. Today, they have six showrooms across major locations, including One Utama, IOI City Mall Putrajaya, KL East Mall, Setia City Mall, and IOI Mall Puchong. In 2024, they moved into their 60,000 sq. ft. headquarters, complete with a production facility and warehouse, marking a new chapter of growth.   Despite this success, Stan maintains a “first-day” attitude, constantly learning, evolving, and never becoming complacent.  Lessons from the Toughest Years  Every entrepreneur faces challenges, and for Stan, 2022–2023 tested him in ways he never imagined. With family members battling cancer, he had to split his time between personal responsibilities and running the business. For the first time, he had to step back and trust his top management team to make the big decisions. It was a difficult adjustment, but one that ultimately strengthened the company.  “I learned to let go,” Stan admits. “Now, the top management team plans and presents strategies, and I just need to give the green light. It’s a better way to run a business.”  By now, he estimates that 80% to 90% of operations run smoothly without his direct involvement. Over time, his team has developed strong strategies, and most of the solutions they propose are already complete and ready to be implemented, his role is simply to give the final approval. This shift has reinforced one of the biggest lessons in leadership: trust. Trusting employees to take responsibility and execute their roles well is what allows a business to grow beyond its founders.  His leadership philosophy is simple but powerful, trust your people. Empower them. And always, always invest in the next generation of leaders.    What’s next for Sometime?   International expansion. While the brand already has global visibility thanks to its online presence, the next step is making its mark in new markets, starting with Indonesia.  Looking back, would Stan do it all over again?  “Maybe,” he says with a smile. “If I knew then what I know now, I would have thought things through a lot more. It would have taken me longer to start. But at the end of the day, the sacrifices, the long nights, the lessons, they were all worth it.”  From a simple idea to a brand that champions Asian designers and makes luxury accessible, Sometime by Asian Designers is proof that success isn’t just about fast growth. Sometimes, the best journeys are built on steady, meaningful progress.     

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Southeast Asia’s Ride-Hailing Giants on the Brink of a $7B Merger

Singapore’s Grab and Indonesia’s GoTo, titans in the ride-hailing and food delivery sectors across Southeast Asia, are reportedly engaged in discussions for a monumental $7 billion merger. If finalized, this strategic alliance could solidify their grip with an estimated combined market share of 60-70% in the region, promising significant cost savings, operational efficiencies, and market dominance. Despite these potential advantages, analysts foresee hurdles from regulatory bodies in both Singapore and Indonesia. Concerns about diminished competition and potential monopolistic tendencies are expected to challenge approval of the merger. While official statements from the companies remain elusive, industry observers interpret this move as a response to mounting pressures on ride-hailing giants to sustain profitability amidst fierce market competition.

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BR Capital & Kopetro Partner to Boost Fixed Income Investing

KUALA LUMPUR: Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), a joint venture between Bursa Malaysia Berhad and RAM Holdings Berhad, has signed a Memorandum of Collaboration (MoC) with Koperasi Kakitangan PETRONAS Berhad (KOPETRO) to enhance access to fixed income investments and promote financial inclusion for KOPETRO members. The MoC was signed by Datuk Muhamad Umar Swift, CEO of Bursa Malaysia and Chairman of BR Capital, and Ahmad Shakir Ahmad Ubaidah, CEO of KOPETRO. Under the partnership, BR Capital will offer KOPETRO’s 15,000 members greater access to fixed income instruments such as credit-rated investment notes on its platform. This initiative aims to help members diversify their portfolios, generate sustainable returns, and strengthen financial resilience. The collaboration also focuses on investor education, with outreach programs to raise awareness about fixed income opportunities. Both parties will explore further initiatives aligned with their shared long-term objectives. Ahmad Shakir Ahmad Ubaidah highlighted the partnership’s role in expanding investment opportunities, while Datuk Muhamad Umar Swift emphasized BR Capital’s commitment to broadening Malaysia’s investor base. “This collaboration fosters a dynamic investment environment that benefits investors, issuers, and the wider economy,” he added.

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EPF’s ‘Belanjawanku’ and RIA Framework Insights

The newly introduced Retirement Income Adequacy (RIA) Framework offers a promising structure to ensure income security for retirees. However, achieving its objectives requires a combination of careful planning, disciplined savings, and robust government support. Are the Three Tiers in the RIA Framework Feasible? Yes, the three-tiered system in the RIA Framework is feasible, but its success hinges on having a sufficiently long savings runway and maintaining income adequacy throughout retirement. Achieving the desired income level demands strategic management of financial resources, emphasizing consistent and disciplined savings over time. Without these, retirees risk falling short of their financial needs. Addressing Rising Costs of Living While the RIA Framework is a step in the right direction, it may not fully resolve the pressures of the rising cost of living. To address this, retirement payouts under the framework should ideally be indexed to inflation, the cost of living, or the standard of living, ensuring that retirees maintain their purchasing power over time. However, indexing alone is insufficient. The government must consider introducing tail risk insurance, such as longevity risk coverage through the Employees Provident Fund (EPF). For instance, individuals who outlive their planned retirement period—such as living 20 years beyond their savings plan—face the risk of depleting their funds. Structuring the RIA scheme as a life annuity instead of a term annuity would guarantee lifelong income security, mitigating this risk. Additionally, a needs-based social security scheme is essential to provide a safety net for individuals with insufficient savings or income. A holistic approach combining indexed payouts, longevity risk coverage, and targeted social security will better secure retirees’ financial well-being. Is Malaysia Facing a Retirement Crisis? The EPF’s data, revealing that only 36% of active formal members meet the Basic Savings level (RM240,000 at age 55) as of October 2024, underscores a looming retirement crisis. This situation mirrors challenges seen globally, particularly among individuals with limited savings timeframes or financial constraints. Addressing this crisis requires a mix of solutions, including: Extending working years to accumulate more savings. Increasing current savings levels or adjusting future spending expectations. Monetizing assets such as homes through instruments like reverse mortgages, provided homeownership exists. While these solutions are complex, they are achievable. Overcoming the retirement savings gap demands more than surface-level fixes or media soundbites. It requires comprehensive, data-driven strategies, robust policies, and active public engagement to drive meaningful and sustainable outcomes. The RIA Framework represents an important step toward enhancing retirement income adequacy. However, to fully address rising living costs and the risk of outliving savings, it must be supplemented with innovative measures such as longevity insurance, indexed payouts, and targeted social security. By adopting a holistic approach, policymakers can strengthen Malaysia’s retirement system and safeguard the financial security of its aging population.

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Foreign Investors Record RM259.8mil Outflow from Bursa

KUALA LUMPUR: Foreign investors have net sold equities on Bursa Malaysia for a fourth straight week to the tune of RM259.8mil. The offshore funds flowed out of the market on every day of the last week with the heaviest net outflow coming in at RM104.4mil on Monday. The negative performance was in line with the weak sentiment in Asian markets with foreign investors net selling equities for seven consecutive weeks, said MIDF Research. The research firm, which monitors eight countries in the region, said investors continued to digest the potential impact of US President-elect Donald Trump’s proposed tariffs and policies, if implemented. On Bursa Malaysia, the three sectors that recorded the highest net foreign outflows were transport and logistics (RM120.2mil), utilities (RM98.5mil) and consumer products and services (RM79.2mil). The sectors that saw the most net inflows were plantations (RM72.9mil), healthcare (RM64mil) and property (RM29mil). “As opposed to foreign investors, local institutions were net buyers of Malaysian equities for the fourth consecutive week, net buying RM207.7mil last week.

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Drontech Asia 2024

From UAV (unmanned aerial vehicle) to UGV (unmanned ground vehicle) to USV and UUV (unmanned surface vehicles & unmanned underwater vehicles), DronTech Asia provides the rapidly growing global drone industry in Asia with a forum for business exchange, technological innovation sharing, and policy & regulation furtherment. Committed to advancing the industry and its stakeholders, DronTech Asia is proudly supported by the Civil Aviation Authority of Thailand (CAAT), the Digital Economy Promotion Agency (Depa), the Defence Technology Institute, Thailand Convention and Exhibition Bureau, and the Drone Association of Thailand. Don’t miss a great business opportunity! Network and generate leads Forge connections with local and international industry players, decision makers, and representatives and uncover valuable business opportunities. Showcase your products and solutions Exhibit the potential of drones and more to ideal audiences from both public and private sectors. Opportunities for business branding Position your brand on an internationally participated platform where you can benefit from increased publicity and much-needed exposure. Contribute to Thailand’s drone industry Build a name for yourself amongst many other brands in contributing to Thailand’s growing drone sector.  

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