VentureTECH grooms industry leaders

VentureTECH grooms industry leaders

Source: Published by NST Business on May 14, 2019 at 1:53PM (File pix) VentureTECH managing director Dr Norida Abdul Rahman says it is highly driven to achieve inclusive societal as well as environmental results. VENTURETECH Sdn Bhd is geared towards its commitment to contribute to the country’s economy by growing local industry players in high value-added and hightech sectors with socio-economic multipliers. An investment company mandated by the government through the Economic Planning Unit (now Economic Affairs Ministry) to encourage the participation of Malaysian businesses in strategic high growth industries, VentureTECH primarily invests in local companies. Its managing director Dr Norida Abdul Rahman said the Malaysian economy had reached a defining moment in its development path. “This comes with the risks of being left behind unless the various industries that are contributing to the nation’s growth move up the value chain to become producers or manufacturers of higher value products and services,” she said. “To keep abreast with these developments and to unlock the shift in...
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VentureTECH invests RM100 mln to support high-tech businesses

VentureTECH invests RM100 mln to support high-tech businesses

Source: Published by Borneo Post Online on June 5, 2019, Wednesday at 12:51 AM < p style="text-align: center">Dr Norida Abd Rahman CYBERJAYA: VentureTECH Sdn Bhd, an investment company for high value-added and emerging industries, has invested about RM100 million in 13 investee companies since its inception a decade ago. Its managing director, Dr Norida Abd Rahman said as an investor with deep roots in quality impact investment, VentureTECH places great emphasis in generating both commercial and societal returns. “Presently, we have invested in 13 investee companies, who are technology leaders in niche sub-sectors, and we are proud of some of these companies for being able to penetrate some of the most challenging markets abroad,” she told Bernama. This, she said included the recent RM10 million investment in CMC Group Sdn Bhd to support the next stage of growth for the country’s leading engineering and construction service provider in the public transportation, info-communication, and power and energy segments. “We have also invested RM20 million in Ain Medicare Sdn...
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DBKU urged to create digital services

DBKU urged to create digital services

Source: Published by Natasha Jee from New Sarawak Tribune Abang Johari launches the Activity Calendar of the Kejiranan Mesra (KJM) 2020 witnessed by from left DBKU Mayor Datuk Junaidi Reduan, Assistant Minister of Law, State -Federal Relations and Project Monitoring Datuk Sharifah Hasidah Sayeed Aman Ghazali, State Assemblyman for Demak Laut Dr Hazland Abang Hipni, Assistant Minister in Chief Minister's Department (Islamic Affairs and DBKU) and Assistant Minister of Utility (Water Supply) Datuk Dr Abdul Rahman Junaidi, and State Assemblyman for Tupong Fazzrudin Abdul Rahman. Photo: Ramidi Subari KUCHING: Kuching North City Commission (DBKU) has been urged to create digital services so that it can get closer to communities. Chief Minister Datuk Patinggi Abang Johari Tun Openg advised DBKU to come up with a dedicated platform such as website or phone application so that communities in DBKU’s jurisdiction could easily forward their complaints or enquires directly to DBKU. “I hope DBKU can look at this. In this digital era, this is a new approach...
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Dayang, Serba Dinamik stand out in O&G results

Dayang, Serba Dinamik stand out in O&G results

KUCHING: Two Sarawakian firms – Dayang Enterprise Holdings Bhd (Dayang) and Serba Dinamik Holdings Bhd (Serba Dinamik) were among the top highlights of the oil and gas sector (O&G) during the review of corporate results for the fourth quarter of 2019 (4Q19). This was on the back of a largely disappointing quarter, said analysts at Kenanga Investment Bank Bhd (Kenanga Research) with half of its sector coverage (or seven out of 15 stocks) reporting results below expectations. “This comes as a huge negative, considering the ‘4Q effect’ whereby analysts already had three prior quarters during the year to readjust earnings expectations,” it said in a sector outlook yesterday. “Key takeaway post-results season is that all of the Petronas-related oil and gas counters posted disappointing results, with Petronas Chemicals Group Bhd and Petronas Dagangan Bhd posting weaker financials, in line with the weaker Petronas Group’s FY19 results. “Meanwhile, fabricators still continued to disappoint during their results, albeit with narrowing losses, even after several quarters of...
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Teraju visits upcoming virtual park in Kota Samarahan

Teraju visits upcoming virtual park in Kota Samarahan

KUCHING: Bumiputera Agenda Steering Unit (Teraju) yesterday visited and attended a sharing session of D-Virtual Park, the first virtual park with hologram in Malaysia by Serba Dinamik Holdings Berhad in Kota Samarahan near here. D-Virtual Park is also the first in Malaysia to have a digital-concept incubator for business start-ups. Teraju’s visiting delegation was led by its chief executive officer Md Silmi Abd Rahman. Present to welcome them were Serba Dinamik Holdings Berhad director Datuk Abdul Kadier Sahib and Sarawak Multimedia Authority (SMA) deputy chief scientist Prof Dr Al-Khalid Othman. D-Virtual Park is a joint-effort between Serba Dinamik Holdings Berhad and business start-up hub Startup Borneo. The project is poised to not only create but provide wider access for business start-ups in the digital technology segment that would give greater impetus for youth economy in Sarawak, Teraju said in a statement from Selangor. For a start, Di-Virtual Park would be beneficial to the students, currently pursuing their studies at institutions of higher learning located...
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Dialog Session With Yb Dato’ Sri Mustapa Mohamed

Dialog Session With Yb Dato’ Sri Mustapa Mohamed

YB Dato 'Sri Mustapa Mohamed, Chairman of the Bumiputera Agenda Leading Unit (“TERAJU”), held a dialogue session with companies that received the TRAVEL Smart Fund in the central zone covering the states of Selangor, the Kuala Lumpur Federal Territory, the Federal Territories of Putrajaya including Negeri Sembilan and Malacca. About 200 representatives from the 97 receiving companies of the Easy Fund attended the dialogue session held at the Sime Darby Convention Center. The Facilitation Fund Program is a collaboration between TERAJU and strategic partners such as the Private Public Cooperation Unit (“UKAS”), the Corridor Authority nationwide namely Iskandar Malaysia (“IRDA”), the East Coast Economic Region (“ECER”), the Corridor Economic Region North (“NCER”), Sabah Development Corridor...
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Sharing Sessions at First Virtual Reality Theme Park in Kota Samarahan

Sharing Sessions at First Virtual Reality Theme Park in Kota Samarahan

Ngopi's visit and sharing sessions at D-Virtual Park, Malaysia's first virtual reality theme park with hologram technology in Malaysia include a digital concept incubator for beginners today in Kota Samarahan, Sarawak. Also present at the session were Dynamic Holdings Berhad Director, Datuk Haji Abdul Kadier Sahib and Prof. Ir. Dr. Al-Khalid Hj Othman, Deputy Chief Scientist of Sarawak Multimedia Authority (SMA)....
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Md Silmi Abd Rahman appointed as TERAJU CEO

Md Silmi Abd Rahman appointed as TERAJU CEO

KUALA LUMPUR (Jan 16): Md Silmi Abd Rahman has been appointed as the Bumiputera Agenda Steering Unit (TERAJU) chief executive officer for a two-year term effective Dec 1 last year, announced Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. In a statement today, he said the appointment has been approved by the Prime Minister Tun Dr Mahathir Mohamad. Boasting over 30 years of experience, Md Silmi according to him, is an expert in the development of industry and trade, domestically and internationally. “He has an excellent record in exploring new opportunities in high technology industries and Bumiputera entrepreneur development. “He is also among the pioneer in the establishment of Malaysia External Trade Development Corporation (Matrade) (1993-2017) and has served in the Ministry of International Trade and Industry from 1989 to 1993 and Public Service Department from 1983 to 1989,”  said Mohamed Azmin. Md Silmi’s appointment followed yesterday’s announcement on the appointment of former International Trade and Industry Minister Datuk Seri Mustapa Mohamed as TERAJU’s chairman...
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Tony Blair joins SoftBank, UAE crown prince as advisors for Indonesia’s new capital

Tony Blair joins SoftBank, UAE crown prince as advisors for Indonesia’s new capital

At least five foreign investors have expressed their interest in developing Indonesia's new capital city in East Kalimantan, a minister has said, as the government seeks greater private sector involvement in financing the relocation plan. National Development Planning Minister Soeharso Monoarfa said that the prospective investors were from the United Arab Emirates (UAE), the United States (US), the United Kingdom (UK), Japan and Germany.  “Each [investor] has offered their respective capacities and technologies. [Japanese conglomerate] SoftBank, for example, wants to provide autonomous vehicles,” Soeharso said at the Presidential Office on Wednesday, but stopped short of mentioning any details about the German investor. During a recent visit to the UAE, President Joko “Jokowi” Widodo invited Crown Prince Sheikh Mohammad bin Zayed Al Nahyan to join the relocation project's  board of advisors. Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan, who accompanied Jokowi on the visit, said on Jan. 14 that former UK prime minister Tony Blair and SoftBank Group CEO Masayoshi Son were also expected to join the advisory board, as quoted by kompas.com. The presence of internationally renowned figures...
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