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Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs. Below are snippets of all the media releases that we received from Feb 14 till Feb 20. Please check back throughout the week for more updates.
Homage Expands To Three Malaysian Cities
Kuala Lumpur, Feb 14: Homage has expanded its services to three cities in Malaysia.
They are Perak, Sabah and Sarawak, which would enable families and their loved ones in these areas to receive quality care at home through the Homage app.
Additionally, Homage also aims to grow its pool to 11,000 caregivers, nurses, and therapists nationwide by the end of the year and to partner with more organisations and health institutions to decentralise the healthcare burden in Malaysia and pave the way for all Malaysians to access quality step-down healthcare at their fingertips.
In tandem with the recent Series C fundraising round last September and marking its third year in Malaysia, Homage’s latest expansion to more cities in 2022 such as Perak, Sabah and Sarawak will look to bring home care to more Malaysians and ensure that people from all walks of life who need proper care – such as post-surgery patients, or those recovering from long-term injuries – can receive it in the comfort and safety of their own homes.
“The pandemic has shown us just how important it is to ensure that people can receive quality care where they feel safest and are most comfortable – their homes,” Homage Malaysia country manager PC Gan.
“Homage is committed to answering the call for more equalised access to good healthcare and our expansion to more Peninsular cities, as well as our larger footprint in East Malaysia, is just the first step.”
AFC U23 Asian Cup Uzbekistan 2022 Updates
Kuala Lumpur, Feb 14: Asia’s brightest young talents will discover their road to Continental glory when the AFC U23 Asian Cup Uzbekistan 2022 official draw ceremony is staged in Tashkent, Uzbekistan on February 17 at 12pm (local time).
The tournament, which is a platform to unearth future Asian stars, will be staged in Central Asia for the first time, with Uzbekistan hosting 32 matches across the cities of Tashkent and Karshi from June 1 to 19.
Previous editions of the AFC U23 Asian Cup have launched the careers of many young footballers including Mehdi Taremi from the Islamic Republic of Iran, who currently plays for Porto, AFC Asian Cup UAE 2019 winner and top goal scorer Almoez Ali of Qatar and Liverpool forward Takumi Minamino, and a new generation of stars are poised to emerge this year.
With their places secured in last year’s qualifiers, 16 teams will discover their group stage opponents in Thursday’s draw, representing a thrilling cross-section of the world’s largest football ContinentWatch the AFC U23 Asian Cup Uzbekistan 2022 draw live here on Thursday at 12pm (GMT+5).
MR D.I.Y. Makes Testing Easier
Kuala Lumpur, Feb 14: With the number of COVID-19 cases rising rapidly, the focus has once again moved to the availability of test kits to make testing easier and more accessible for the masses.
Responding to this urgency, MR D.I.Y. has rolled out the sale of nasal self-test kits at its 900 plus stores nationwide.
This follows the retailer’s introduction of saliva self-test kits in November last year.
The nasal and saliva self-test kits are available at all MR. D.I.Y., MR. DOLLAR, and MR. TOY stores nationwide at always low prices.
Nasal, saliva, and whistle self-test kits as well as other protective essentials such as face masks, hand sanitisers, face shields are now available at MR D.I.Y. Group stores nationwide.
For more information, visit MR D.I.Y.’s website, www.mrdiy.com, e-commerce platform, www.mrdiy.com.my, and their social media channels, Facebook and Instagram.
Aurelius Appoints COO
Kuala Lumpur, Feb 14: Aurelius Technologies Berhad has appointed Lee Siang Tat, 47, as the Chief Operating Officer (COO) effective, today.
Michael has more than 25 years of working experience in the electronics manufacturing industry, and is familiar with the various operational processes including process and product engineering, equipment and maintenance engineering, cost management, production and operational quality.
He first joined BCM in 2005 and progressed quickly to his last role as the Director of Surface Mount Technology (SMT), Maintenance & Facilities. He was subsequently appointed Chief Operating Officer of EG Industries Bhd in 2020 where he played a vital role steering the group’s overall manufacturing operations, including engineering, production planning and operational quality, to enable the group to achieve its strategic goals.
Australia’s Battery Recycling Scheme Launches
Sydney, Feb 15: B-cycle, Australia’s new national government-backed battery recycling scheme, officially launches across the country today to combat one of the nation’s fastest growing waste streams. It aims to redirect 90 per cent of used batteries that currently go to landfill, causing environmental impact and wasting precious resources.
Australians will be able to easily identify their closest Drop off point by entering their postcode into the B-cycle website.
B-cycle is launching with 2,351 Drop off points and the network is set to grow by an additional 1,200 convenient Drop off points in the coming weeks.
This extensive network will include retail stores nationwide such as ALDI, Bunnings, Officeworks, Woolworths, and community organisations such as the Lions Club, and many more.
Drop off points, including at Coles, will be added over the coming months as more battery collectors and recyclers become accredited.
Green Lagoon Aims To Raise RM15M
Kuala Lumpur, Feb 15: The Securities Commissions of Malaysia (SC) has stated that the fundraising cap for companies raising on equity crowdfunding (ECF) platforms has been increased from RM10 million to RM20 million.
The Securities Commission’s announcement serves as good news for Malaysia’s small medium enterprises (SME) like Green Lagoon Technology (GLT) who have partnered with Leet Capital to raise RM15 million via ECF.
“We are excited and look forward to giving the opportunity for investors to invest into industry leaders like GLT,” Leet Capital CEO Bikesh Lakhmichand said.
Powering waste into profit, (GLT) is a specialist in providing turnkey solutions for palm oil millers to manage biogas emitted from their mills.
Since 2010, they have completed 39 projects valued at RM133 million, and currently have 24 ongoing projects that are valued at RM131 million.
Inner West Refugee Art Exhibition Opens
Sydney, Feb 15: The Community Refugee Welcome Center in Callan Park, Lilyfield, will celebrate World Day of Social Justice, on Feb 20, by opening “Through Our Lens,” a multimedia group exhibition inspired by the history and natural beauty of Callan Park.
Artists from refugee and migrant backgrounds have created original works using photography, video, calligraphy, mixed media, collage, painting, vitrail and ceramics for an exhibition February 19-27 in Lilyfield.
With the theme “Callan Park”, the exhibition features 19 emerging and established artists who bring elements from their culture to the art, creating and expressing their connection to the community center’s local area.
“The exhibition stems from a series of virtual and face-to-face workshops that were offered to refugee artists during the pandemic where they were given a tour of Callan Park by a local,” Center Coordinator Moones Mansoubi said.
“The artists that keep coming to the center wanted to reflect their feelings and explore Callan Park through their own lens and create connections with the space through art.”
80th Anniversary Of The Fall Of Singapore
Sydney, Feb 15: Today marks the 80th anniversary of the Fall of Singapore, one of the most significant military defeats in British and Commonwealth history.
More than 20,000 Australians served in the Malayan Campaign and the Battle for Singapore during the Second World War, with more than 1,700 killed and another 1,300 wounded.
Some 15,000 Australians were among the 130,000 Allied personnel taken as prisoners of war, with more than 7,000 perishing in captivity by the time the war was over.
Minister for Veterans’ Affairs and Defense Personnel Andrew Gee said the Fall of Singapore sent shockwaves through Australia and the Commonwealth.
“After the Japanese forces crossed the Straits of Johor and landed on the north-western part of Singapore on 8 February 1942, it was just eight days before British and Commonwealth troops were forced to surrender,” Gee added.
Turn Your Angpows To Gaming Credits With Codashop
Kuala Lumpur, Feb 15: Codashop, an independent source for digital content and in-game currencies has partnered with the popular multiplayer online game, Mobile Legends: Bang Bang (MLBB), Codashop will be putting together exciting giveaways, top-up deals and live streaming events that will keep you entertained all through the festive season.
“As this is the first Lunar New Year celebration with the lockdown eased, we want to bring more ‘ong’ to Codashoppers,” Narishvin Sukumaran, Regional Manager – Malaysia, Singapore, Thailand & Myanmar said.
Throughout the month of February, gamers can expect to receive up to 8,888 Diamonds on their purchases with Codashop.
All they need to do is simply top-up a minimum of RM20 for MLBB Diamonds on Codashop and submit their entries via the registration page to win extra gaming credits.
Users can use either their e-wallets such as ShopeePay, TnG for direct and convenient top-ups or bank transfers through FPX channels to purchase in-game credits.
Save With Go Shop’s February Sale!
Kuala Lumpur, Feb 15: This February, Go Shop is giving out great discounts and deals for customers to pamper themselves and their loved ones with an exciting range of fabulous products.
Go Shop’s Febulous February campaign offers exciting weekly vouchers and double cashback from now until Feb 28.
Customers can discover beauty, fashion, food, health and fitness products with discounts of up to 80 percent off.
Tune in daily to Go Shop channel on Astro – Go Shop RUUMA CH118, Go Shop GAAYA CH120, Go Shop BAARU CH111 in Bahasa Malaysia or CH303 in Mandarin, and MYTV CH 120, to discover Go Shop’s Febulous February deals and offers.
Visit Go Shop online at www.goshop.com.my or download the Go Shop app from Google Play and App Store.
Marco Polo Marine Boost Ship Repair Capacity
Singapore, Feb 15: Marco Polo Marine Ltd, a regional integrated marine logistics company, announced today that the extension of its dry dock 1, which will boost the Group’s capacity for ship repairs by up to 20 per cent, has been completed.
This is a strategic move by Marco Polo Marine to enhance its bottom line over the longer term, as its ship repair operations have been a growing source of recurring income, with 50 per cent-70 percent of business coming from repeat customers. Construction of the extension of dry dock 1 from 150 metres to 240 metres began in July 2021, and was financed by internal resources.
The Group’s dock extension strategy aims to capitalise on rising demand for ship repairs after it expanded its customer base beyond Offshore Vessels to include more merchant vessels such as containerships, bulkers and tankers.
For the full year ending September 30, revenue from the Group’s Ship Building & Repair Operations surged more than 50 per cent to S$26 million, the highest level since 2018.
Moderna Announces Plan To Expand Footprint In Asia
Cambridge, Feb 16: Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced plans to expand its commercial network across Asia with the addition of four new subsidiaries in Malaysia, Taiwan, Singapore, and Hong Kong. This expansion comes as the Company continues to scale up the manufacturing and distribution of its COVID-19 vaccine and future mRNA vaccines and therapeutics.
The Asia-Pacific region represents an integral part of Moderna’s business, with established subsidiaries in Japan, South Korea, and Australia.
Last year, Moderna and the South Korean government announced a collaboration to explore local opportunities for research and manufacturing in South Korea.
More recently, the Company announced an agreement in principle with the Australian Government to build a state-of-the-art mRNA vaccine manufacturing facility in Victoria, Australia.
SCCG Management, Cliquepicks Announce Partnership
Las Vegas, Feb 15: SCCG Management CEO and Founder, Stephen Crystal announced a partnership with the competitive social media platform, CliquePicks as a strategic equity owner and investor, to provide investment, business development, and advisory services to grow the company within the North American sports wagering markets.
CliquePicks is a competitive social media platform created to unite the interactive rivalry of fantasy leagues with the thrill of sports wagering and its users only wager against their friends – not a faceless online sportsbook.
Through the CliquePicks platform, Clique members create wagers in real-time, allowing members to Ride (take the same bet) or Fade (take the opposing position) with other members of your Clique, on the web, or through an Android or iOS app.
In the CliquePicks Locker Room, CliquePicks users chat, joke, and place wagers with one another. CliquePicks also offers various customisation options to satisfy any Clique’s preferences, such as buy-in, Clique size, and pay out.
CliquePicks runs on credits, with a similar business model to fantasy sports leagues. Money is handled internally within each clique so none of the money being paid-in or paid-out goes through the CliquePicks website. Further reducing risk, participants set limits to their weekly risk, but still have a max of 500 credits to wager throughout the week.
ExtraHop Names Patrick Dennis As CEO
Kuala Lumpur, Feb 16: ExtraHop, a cloud-native network detection and response, has announced Patrick Dennis has been named the company’s chief executive officer.
Dennis’ appointment follows outgoing CEO Arif Kareem’s decision to retire.
Dennis will work alongside the ExtraHop executive leadership team to increase the company’s current momentum and accelerate its mission to stop advanced threats.
Dennis has nearly 25 years of experience leading high-growth public and private companies in the security and information technology markets including CEO roles at Guidance Software and Alvaria, and leadership positions at EMC and Oracle.
His vision and leadership have helped companies like ExtraHop achieve multi-year growth through strategic product investments, international expansion, and a customer-centric approach.
Centralised Hosts For The AFC Champions League 2022
Kuala Lumpur, Feb 16: The Asian Football Confederation (AFC) has confirmed the host nations for the AFC Champions League 2022 (East) Group Stage matches, which will be held from April 15 to May 1.
The centralised matches of three groups – F, G and J – will be played in Thailand, with Group H scheduled to take place in Vietnam while Group I will be staged in Malaysia.
Follow the-AFC.com for the latest updates on the venues and kick-off times for all the matches.
Palo Alto Networks Introduces PAN-OS 10.2 Nebula
Kuala Lumpur, Feb 16: Palo Alto Networks, a 10-time leader in network firewalls, has announced Nebula, the latest upgrade of its industry-leading PAN-OS software, to help find the evasive, zero-day attacks that can cripple organizations — and stop them in their tracks.
PAN-OS 10.2 Nebula collects, analyses and interprets potential zero-day threats in real time using inline deep learning — a network security first.
This results in six times faster prevention and 48 per cent more evasive threats detected, surpassing anything previously available.
Nebula also introduces AIOps — Palo Alto Networks tenth security service — and the new Advanced Threat Prevention service while enhancing Advanced URL Filtering, DNS Security, IoT Security and other related security services.
MGRC Records Increase In Revenue
Petaling Jaya, Feb 16: Malaysian Genomics Resource Centre Berhad, a genomics and biopharmaceutical specialist, has announced that it recorded revenue of RM7.63 million for the second quarter ended December 31 (“2Q FY2022”), a significant increase of RM7.49 million compared with revenue of RM0.14 million for the corresponding quarter of the previous year.
The increase in revenue stems from the contribution of the Group’s biopharmaceuticals division, which contributed 78 per cent of total revenue and was largely due to the distribution of immunotherapy and cell therapies as well as COVID-19 vaccine distribution and administration.
MGRC registered profit after tax (“PAT”) of RM1.01 million for 2Q FY2022 compared with a loss of RM1.55 million in the previous corresponding quarter, with the swing back to profitability due to the higher margins from the distribution of immunotherapy and cell therapies.
For the first six months ended 31 December 2021 (“1H FY2022”), the Group registered revenue of RM16.94 million, which is an increase of RM16.72 million compared with revenue of RM0.22 million in the corresponding period of the previous financial year.
The Group also announced the redesignation of Noor Azri Noor Azerai (“Azri Azerai”) as an Executive Director from Independent Director previously.
APAC Tech Startup Raises US$3M
Singapore, Feb 16: Sustainability platform, RIMM Sustainability, has raised a total of US$3million in its pre-series A round on its quest to make sustainability accessible and actionable to SMEs.
RIMM’s automated platform, launched in 2021, was built to address the needs of SMEs for simplified and affordable sustainability guidance and solutions.
Since its v1 launch, RIMM has secured key clients and partnerships, as well as being awarded a USD$1 Million Green Finance grant by the Tokyo Metropolitan Government and a grant from the Monetary Authority of Singapore.
The US$3 million funding round was led by venture capital fund BEENEXT and one of Japan’s most successful tech investors Mamoru Taniya, other key investors include the Aswani family of the conglomerate Tolaram Group and Atlas Asset Management.
The funding is being used to develop and launch RIMM’s enhanced v2 platform, release new features and expand the team.
OxPay Partners With TranSwap
Singapore, Feb 16: OxPay Financial Limited has expanded its businesses to the United Kingdom, and added neobanking to its platform which will enable merchants to receive international payments and gain easier access to the global market at cost-effective rates.
The Company has partnered with TranSwap, a global banking-as-a-service platform with multiple central bank licenses across the United Kingdom, Singapore, Hong Kong, and Indonesia. TranSwap will integrate its neobank technology stack into the Company’s existing platform.
With this partnership, OxPay will offer net banking products such as the issuance of local and global virtual name bank accounts to clients for collection, payment and conversion of currencies, and global cross-border payment and issuance of cards.
The neobanking services will be rolled out progressively, starting with global cross-border payment service, thereby providing OxPay merchants access to global multi-currency accounts. This will allow OxPay merchants to make payments to over 180 countries in 120 currencies as well as receive payments from 57 countries and store up to 34 currencies at any one time. Following this partnership, OxPay intends to expand its services to the United Kingdom, a leading global
AFC Asian Cup China 2023 Updates
Kuala Lumpur, Feb 17: The thrilling road to Asia’s flagship men’s national team tournament will move into sharp focus when the AFC Asian Cup China 2023 Qualifiers Final Round Draw is held virtually in Kuala Lumpur, Malaysia, on Thursday, February 24 at 3pm (local time).
With less than 500 days until China PR hosts the Continent’s premier men’s showpiece for the first time since 2004, aspiring nations from Asia will discover their opponents for the crucial final Group Stage.
While 13 teams, including host China PR, have already qualified by virtue of their earlier performances in the second round of the AFC Asian Qualifiers, the final 11 places remain up for grabs for 24 teams in the decisive Group Stage to be held in June across all five AFC zones in six host nations – India, Kuwait, Kyrgyz Republic, Malaysia, Mongolia and Uzbekistan.
Among the 24 teams still vying for a place at China 2023, six have never appeared in the AFC Asian Cup, while the likes of Hong Kong and Cambodia will be hopeful of qualifying for the first time in over half a century, with the winners and five best runners-up of the six centralised qualifying groups to complete the field for the quadrennial showpiece event.
Watch the AFC Asian Cup China 2023 Qualifiers Final Round Draw here on Feb 24 at 3pm (+8 GMT).
Heriot-Watt University Malaysia Holds Grad Ceremony
Putrajaya, Feb 17: Heriot-Watt University Malaysia (HWUM) held a physical three-day graduation ceremony for 577 students at Marriot Hotel, Putrajaya, from Feb 11 to 13.
The graduation ceremonies were held under strict standard operating procedures (SOPs) with all attendees required to conduct a Rapid Antigen Test (RAT), as part of the University’s safety measures.
HWUM’s first in-person graduation in two years marked another milestone for the UK university as it celebrated its 200 years of Scottish heritage and 10 Years of Impact in Education and Beyond in Malaysia.
The event was made even more meaningful with the official installation of HWUM’s first Pro Chancellor in Malaysia, Tan Sri Dr Jemilah Mahmood, who was appointed last August.
Petaling Jaya, Feb 17: Malaysian Genomics Resource Centre Bhd (MGRC), a genomics and biopharmaceutical specialist, had announced the entry of a new substantial shareholder, Bintai Kinden Corporation Berhad, a specialist in mechanical and electrical engineering services to the construction sector, in the Group.
Bintai Kinden now has an effective shareholding of 5.03 per cent stake in MGRC, following the acquisition of 6.25 million shares by Bintai Trading Sdn. Bhd., a wholly-owned subsidiary of Bintai Kinden, on Feb 17.
Following the acquisition, Noor Azri Noor Azerai, who was redesignated as an Executive Director of MGRC effective from Feb 16, will oversee the business development, human resources and finance functions of the Group.
Azri has relinquished his role as Deputy Chief Executive Officer of Bintai Kinden after taking up the new role in MGRC, but will remain on the Board of Bintai Kinden as an Executive Director.
Azri, who was appointed to Bintai Kinden’s Board in July 2021 as an Executive Director, and subsequently redesignated as the Deputy CEO, has successfully turned Bintai Kinden’s earnings black since the first quarter of FY2022.
NTT Partners With ServiceNow
Kuala Lumpur, Feb 17: NTT Ltd, a global technology services provider has announced a partnership with ServiceNow to simplify and accelerate the adoption of private 5G through an AI-enabled end-to-end workflow automation platform.
Organisations will be able to utilise solutions from NTT and ServiceNow to streamline the deployment and integration of private 5G.
To extract value from private 5G, customers need to digitise new and existing business processes to bridge the gap between their workflows and the private 5G network.
Building upon NTT’s recently launched P5G Platform and end-to-end stack of services, NTT and ServiceNow are partnering to simplify the digitisation process.
To find out more about NTT’s Private 5G solution go here.
Tiger Brokers (Singapore) Teams Up With Wise
Singapore, Feb 17: Tiger Brokers (Singapore) has announced a partnership with Wise, the global technology company building the best way to move money around the world, to offer investors cheaper and faster international money transfers to their trading account at Tiger Brokers Singapore.
With the new offering, Singapore investors will now be able to seamlessly transfer funds from their overseas bank accounts to Singapore Dollar (SGD) in real-time and execute trades on Tiger Trade app within minutes.
Through the Tiger Trade app, users will be able to get the real exchange rate and see the fees upfront with no hidden costs.
Additionally, transfers are fast – 45 per cent of all transfers globally sent on Wise are instant (less than 20 seconds).
These features not only help reduce transfer fees but also shorten the time needed to move funds between their bank accounts and trading account at Tiger Brokers Singapore.
Kuehne+Nagel Enters Into Agreement With Atlas Air
Schindellegi / CH, Feb 17: Kuehne+Nagel enters in a long term dedicated charter agreement with Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) to operate two Boeing 747-8F, the most capable freighter aircraft in the world.
These two aircraft are the very last two Boeing 747s ever to be produced.
In response to capacity market developments, Kuehne+Nagel will charter the entire and exclusive capacity of the two new B747-8F aircraft to operate the flights globally from the third and fourth quarters of 2022.
The aircraft will support Kuehne+Nagel customers on volatile trade lanes, such as the transpacific routes.
The 747-8F provides 20 per cent higher payload and 16 per cent lower fuel consumption than the very capable 747- 400F.
Automating Businesses’ HR Workflow With JustLogin
Kuala Lumpur, Feb 18: Say goodbye to endless paperwork and tedious forms and say hello to a seamless digital transformation of human resource (HR) service that is backed by a robust technological infrastructure.
Introducing JustLogin, an award-winning software and cloud-based HR company expert from Singapore that strives to understand the administrative pains of any business. Ranging from managing staff leave to the dissemination of payrolls and claims, JustLogin has just the right solution for all businesses, including start-ups and Small Medium Enterprises (SMEs).
Making its debut here on Malaysian shores, it prides itself in its mobile-first and employee-first approach that is tailored to meet the needs of today’s millennials and Gen Zs.
JustLogin’s solutions are aimed at saving time, manpower and money while increasing productivity, efficiency and accuracy.
For more details about JustLogin visit, www.justlogin.com.my.
CCC-ECRL Honours Partners With Awards
Kuala Lumpur, Feb 17: China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL), the Engineering, Procurement, Construction and Commissioning (EPCC) Contractor of the East Coast Rail Link (ECRL) Project, is awarding 30 of its vendors, all of whom are locally contracted partners, with the Award of Excellence 2021.
The award, in its second edition, recognises the best practices and good performance of local project partners in areas of Health, Safety and Environment (HSE) Management, Quality Management, Progress Management & Resource Allocation.
As of January 2022, the ECRL project has achieved 27.19 per cent completion so far.
The targeted achievement for the ECRL completion is expected to reach 37 per cent by the end of 2022.
To date, there are cumulatively 459 subcontractors, 827 suppliers and 89 consultants to make up an aggregate of 1,375 local contractors participating in the ECRL Project.
AFC Asian Cup India 2022 Most Engaging Ever
Kuala Lumpur, Feb 18: The AFC Women’s Asian Cup India 2022 has left an indelible digital footprint, with the engagement and coverage of the showpiece surpassing the previous edition and soaring to an all-time high record.
The Asian Football Confederation (AFC)’s digital channels witnessed unprecedented growth during the campaign as the statistics grew by a staggering 5,324 per cent as compared to the AFC Women’s Asian Cup 2018.
During the tournament, which was played from Jan 20 to Feb 6, the AFC Women’s Asian Cup India 2022 received more than 270 million impressions, 17 million engagements and 74 million video views across its channels.
By continuously delivering the latest news, the AFC reached more fans by producing coverage in Arabic, Mandarin, Japanese, Korean, Thai, Vietnamese, Farsi and Indonesian – in addition to its coverage in English.
“The AFC Women’s Asian Cup India 2022™ has achieved many milestones, on and off the pitch, with our talented football teams and officials creating history while our digital platforms continue to rise in record numbers and engaging with more fans than ever before,” AFC’s General Secretary Datuk Seri Windsor John said.
Lagenda Inks Deal With Sim Leisure Group
Kuala Lumpur, Feb 18: Affordable housing and integrated township developer, Lagenda Properties Berhad had recently entered into a 10-year partnership with ESCAPE brand creators, Sim Leisure Group Ltd, an internationally renowned theme park designer and operator, and the owner of ESCAPE Penang – famed for having the longest water slide in the world.
The partnership in principle revolves around the design, construction and operation of recreational parks by Sim Leisure Group within the existing and future affordable township developments of Lagenda with the aim of elevating leisure areas with exciting and family friendly attractions.
Through this collaborative effort, Lagenda aims to optimise green spaces within its current and future townships beyond the standard park and playground set-up, instilling a sense of pride and vibrancy amongst homeowners.
This is in-line with the Group’s core objective of building affordable housing townships which provides home-owners with maximum value, well-planned and distinctive homes – combined with a strong focus on sustainable, unique, and family-orientated facilities to improve their quality of life.
To achieve this, Lagenda has set aside land size between 20,000 square feet up to a few acres in size for such recreational parks, segregated between a commercial and non-commercial elements and emphasis will also be on utilising environmentally friendly materials and construction methods in line with Lagenda’s commitment to promote ESG elements in every township, a further add-on to the existing solar power push within the townships.
Be “Investor Ready” With 1337 Ventures
Kuala Lumpur, Feb 18: 1337 Ventures and Leet Capital have taken steps to address funding challenges with the introduction of the ECF Accelerator Programme.
The new four-week programme is designed for SMEs and growth-stage businesses looking to scale and grow via Equity Crowdfunding (ECF).
ECF is a method of raising capital through an accumulation of small investments from a ‘crowd’ of investors on an online platform, with 70 percent of them being retail investors.
At the end of the ECF Accelerator Programme, the top two in each cohort will receive funding from 1337 Ventures, terms and conditions apply.
Registration fees worth RM5,000 for Cohort 1 will be waived for all shortlisted applications. Applications are now open and will end on Feb 23 – visit here for more details.
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