Malaysia Gets AI Ready
PEOPLElogy Berhad has launched the “I’M AI READY” Movement, a national initiative aimed at preparing five million Malaysians for the AI economy by 2028.
The programme, launched during the company’s 25th anniversary celebrations, supports Malaysia’s digital transformation agenda under the Thirteenth Malaysia Plan and MyDIGITAL Blueprint.
PEOPLElogy said the initiative will focus on AI awareness, education and industry collaboration to improve workforce readiness, with students, professionals, entrepreneurs, civil servants and underserved communities among the target groups.
The company cited findings showing 87 per cent of Malaysian workers feel unprepared for AI disruption, while only 12 per cent of organisations have structured AI workforce readiness programmes.
Allen Lee, Founder and Managing Director of PEOPLElogy Berhad, said, “The AI economy is already reshaping industries, jobs, and workforce expectations globally. Through the ‘I’M AI READY’ Movement, we aim to ensure Malaysians are not left behind in this transformation.”
The movement will be rolled out over 36 months, with PEOPLElogy targeting 50,000 participants in the first phase before scaling to five million Malaysians by 2028.
Propel Launches Riverpoint Project
Propel Global Berhad has officially broken ground on its RM64 million Riverpoint development in Kuantan, marking the Group’s entry into the property development sector.
Developed by wholly-owned subsidiary Propel Global Development Sdn Bhd, Riverpoint is a riverfront commercial project comprising 31 three-storey freehold shoplots along Jalan Tanah Putih.
The development is strategically located near the iconic “Welcome to Kuantan” arch and is designed to cater to retailers, food and beverage operators, investors and business owners seeking high-visibility commercial premises.
Riverpoint is Propel Global Development’s maiden commercial property project and forms part of the Group’s diversification strategy beyond its traditional oil and gas and engineering businesses.
The company said the project benefits from Kuantan’s growing role as an East Coast economic hub, supported by infrastructure developments such as the East Coast Rail Link and the expansion of Kuantan Port.
Executive Director and Group Chief Executive Officer Angeline Lee said, “Riverpoint marks an important milestone in Propel Global’s strategic diversification journey and our expansion into property development.”
The development is expected to become a new commercial landmark in Kuantan while supporting the Group’s long-term growth ambitions and revenue diversification strategy.
HSS Holdings Debuts On ACE Market
Kuala Lumpur, June 23: Bakery products group HSS Holdings Berhad made its debut on the ACE Market of Bursa Malaysia today, with shares opening at RM0.18, in line with its IPO price of RM0.18.
The company trades under the stock name “HSSBAKERY” and stock code “0460”. With business roots dating back to 2004, HSS Holdings is involved in the sourcing, trading and manufacturing of bakery products, with a portfolio of more than 6,000 SKUs across cakes, biscuits, cookies and snacks under brands including SINAR®, 合顺成饼家® and Sa1ko®.
The IPO raised RM13.5 million in gross proceeds from the issue of 75 million new shares. The funds will go towards capital expenditure for its manufacturing facilities, repayment of bank borrowings, working capital and listing expenses.
HSS Holdings plans to install a new biscuit production line, enhance its cookies line, automate selected processes and add an automated cake production line to expand capacity and efficiency.
“Today’s listing marks an important milestone in HSS Holdings’ corporate journey. Over the years, we have built a solid foundation in the bakery products market through our broad product range, established distribution network and longstanding customer relationships. The funds raised through this IPO will allow us to strengthen our production capabilities, improve operational efficiency and support our continued growth,” Managing Director Goh Chen Chang said.
M & A Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.
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