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SAP SE (NYSE: SAP) recently announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast growing and rapidly evolving market. SAP intends to remain the majority owner of Qualtrics. SAP’s primary objective for […]
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CIMB Group (“the Group” or “CIMB”) has been recognised at the TalentCorp LIFE AT WORK 2019 awards with three top accolades in the categories for Best Malaysian Organisation, Outstanding Practice for Talent Development Initiative and CEO Champion. These awards are an affirmation of CIMB Group’s continuous efforts to deliver best in class Human Capital practices and drive diversity […]
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HP Inc, an American multinational information technology company, has announced support to government bodies, businesses and communities in Malaysia as the nation embarks on the road to recovery from the recent pandemic. The support from HP Malaysia includes personal protective equipment (PPE), 3D printed face-mask adjuster, and HP product donations. HP Malaysia’s employee and HP […]
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Despite continuous encouragement by the Malaysian government for local businesses to digitise their operations, much more could be done to address inefficiencies caused by traditional manual processes. A new study comissioned by SAP Concur involving local respondents revealed that manual finance and administrative processes are resulting in productivity losses, estimated at some US$405 million (RM1.73 billion) […]
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Tesco Stores (Malaysia) Sdn Bhd and NE Suria Satu Sdn Bhd (NESS) have entered into the largest long-term power purchase agreement (PPA) for solar energy in Malaysia. NESS is a collaboration between Petronas through its New Energy business unit and NEFIN Group, a regional bespoke solar developer, and an asset management group. In a joint […]
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The e-commerce platform Lazada Malaysia continues to direct its efforts to support micro and small and medium-sized enterprises (MSMEs) through the government’s Micro and SMEs E-commerce Campaign, with a ringgit-for-ringgit co-funding program under the digital-led National Economic Recovery Plan (PENJANA). The initiative aims to benefit an estimated 30,000 local MSMEs to help them mitigate the […]
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Bank Negara Malaysia (BNM) has reduced the Overnight Policy Rate (OPR) by 25 basis points to 1.75 percent. BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00 percent and 1.50 percent, respectively. The central bank in a statement said the reduction in the OPR will provide […]
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The easing of lockdown and cheaper car prices from the temporary sales and service tax (SST) exemption should lift demand for Mazda cars. Affin Hwang Investment Bank Bhd analyst Brian Yeoh said this would hasten earnings recovery for Bermaz Auto Bhd (BAuto) from the year ending April 30, 2021 (FY21). “We believe BAuto will get […]
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SAP today announced the results of its poll of 4,500 Southeast Asian business leaders, revealing the extent of COVID-19’s impact on businesses across the region, and concerns about long-term prospects. Unveiled at the inaugural SAP Forward Together virtual event on the new reality of businesses, the survey revealed that 40% of the businesses polled are still adopting […]
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