News Recap: Here's What You Missed On BusinessToday Malaysia
And if you have missed some of the top news on BusinessToday, the team has summed some of our most read news to help you catch up.
1. More CU Convenient Stores To Open Within The Next Five Year
South Korea’s convenience store, CU has launched its first Malaysian branch and maiden store at Centrepoint Bandar Utama in Petaling Jaya.Operated by MyCU Retail Sdn Bhd, a wholly subsidiary of MyNews Holdings Berhad, CU will open 500 stores within the next five years of operations. A with a second store will open soon in the Klang Valley area.
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2. Smart Meters: A Progressive System For Better User Experience
Compared to a conventional electricity meter, Smart Meters are equipped with additional digital and telecommunication facilities that allow for two-way communication. This enables the meters to record customers’ electricity usage and automatically communicate this information daily through various channels, primarily using Radio Frequency (RF) and Cellular Network technologies.
According to Tenaga Nasional Berhad, there are many advantages to countries adopting Smart Meter usage and it is evident across the globe. Combining Smart Meters with wider intelligent technology could save buildings alone around 10 percent of their total energy usage.
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3. UiTM Energy and Facilities Signs 21-year Solar Power Purchase Agreement With Ingress Corporation’s Subsidiaries
University Teknologi MARA (UiTM) Holdings Sdn Bhd (UHSBs) wholly-owned subsidiary, UiTM Energy and Facilities Sdn Bhd (UEFSB) has signed a 21-year solar power purchase agreement (SPPA) with Ingress Corporation Berhad’s subsidiaries, Ingress Technologies Sdn Bhd (ITSB) and Ingress Precision Sdn Bhd (IPSB).
The group [UHSB] has expanded its portfolio from owning and operating two large scale solar power plants to developing rooftop solar generating facilities in UiTM campuses.
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4. Better CPO Prices Favour Sime Darby Plantation Ratings
Fitch Ratings has revised the Outlook on Malaysia-based palm-oil producer Sime Darby Plantation Berhad (SDP) to Stable, from Negative, and affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’. At the same time, SDP’s senior unsecured rating, the rating on its sukuk programme and outstanding issuance under the programme have been affirmed at ‘BBB’.
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5. MDEC Presents A New VP Of Investment And Grants
The Malaysia Digital Economy Corporation (MDEC) has appointed Razif Abdul Aziz as its new Vice President of Investment and Grants. Razif will manage the ongoing and upcoming initiatives to drive investments in Malaysia’s digital economy and to manage grants distribution across all MDEC programmes.
Razif will lead the efforts to strengthen the integrity of the grants framework and institutionalising best practices in the evaluation, disbursement and monitoring of all MDEC managed grants and its alignment to MDEC’s investment attraction objectives.
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6. Malaysia To Receive 3.5 Million CanSino Covid-19 Vaccine Doses Starting April
Malaysia will obtain 3.5 million of CanSino Coid-19 vaccine from China in stages starting in April with the first delivery of 150,000 doses.
Minister of Health, Dr. Adham Baba said that the CanSino Covid-19 vaccine is the only vaccine that requires one dose, which will benefit 3.5 million Malaysians with the second delivery coming in with 350,000 doses in May.
The first and second delivery will be a finished vaccine meanwhile the next delivery will be in bulk. A local company, Solutions Biologics Sdn. Bhd. will fill and finish the vaccines in the country like Pharmaniaga did with Sinovac.
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