26 Jamadilawal 1433
NEW DELHI, April 17,2012. The Reserve Bank of India (RBI) has cut its interest rate by 50 basis points, first time in three years to boost waning growth.
With the cut, the repo rate under the liquidity adjustment facility would accordingly drop to eight per cent from 8.5 per cent previously, it said.
"Based on current assessment, the economy is clearly operating below its post-crisis trend. This is one of the considerations behind the policy move, it said.
More information: BERNAMA
Tuesday, April 17, 2012
Monday, April 16, 2012
Foreign Buyers Purchase Bursa-listed Shares Amounting To RM162 Million
24 Jamadilawal 1433
KUALA LUMPUR, April 16 , 2012- Bernama reported that shares on Bursa Malaysia continued to attract foreign buyers last week with RM162 million worth of stocks purchased against RM433 million bought the week before, says MIDF Research.
It was the ninth consecutive week of foreign buying and Malaysian stocks had overtaken Thailand as the region's biggest net beneficiary of foreign investment in equity for the year until last week.
Detail information at :http://www.bernama.com/bernama/v6/newsbusiness.php?id=659369
KUALA LUMPUR, April 16 , 2012- Bernama reported that shares on Bursa Malaysia continued to attract foreign buyers last week with RM162 million worth of stocks purchased against RM433 million bought the week before, says MIDF Research.
It was the ninth consecutive week of foreign buying and Malaysian stocks had overtaken Thailand as the region's biggest net beneficiary of foreign investment in equity for the year until last week.
Detail information at :http://www.bernama.com/bernama/v6/newsbusiness.php?id=659369
Friday, April 6, 2012
TM Expects Increase In Subscribers For Cloud Services
14 Jamadilawal 1433
KUALA LUMPUR, April 6,2012- Telekom Malaysia (TM) Bhd expects its customers for cloud services using Microsoft Office 365 software to increase this year.
Group Chief Executive Officer Datuk Seri Zamzamzairani Mohd Isa said the company currently has 20 customers comprising 2,000 users who are on trial for that service.
"Although they are currently on trial, we expect to convert them to permanent customers in the future and we foresee the number of customers to increase," he told reporters after the launch of TM Career and Education fair by the Deputy Minister of Higher Education Datuk Saifuddin Abdullah here today.
TM hoped those customers on trial will take up the service once the trial period has expired while it continued to look for potential customers.
"We believed the cloud service will be like the high-speed broadband service, UniFi, where for the first six months we only recorded 33,000 customers but after two years down the road, our customers have increased to over 300,000 at present," he said.
However, Zamzamzairani said following the introduction of the cloud service, the company planned to develop more Information Communication Technology (ICT) services for the small and medium entreprises.
"For a start, we have signed a partnership agreement with Microsoft for the Office 365 software to expand our cloud services offering by including it as part of TM's software services," he said, adding TM is also looking at other companies to enhance its cloud service.
On the development of UniFi service in other states, Zamzamzairani said TM will continue to expand coverage and is targeting to record 400,000 subscribers by year-end.
"UniFi is now enjoying a take-up rate of over 20 per cent of the premises passed, surpassing our initial estimates and expectations of eight to 10 per cent," he added.
The service is currently available at 81 exchange areas covering some 1.2 million premises. The areas are 64 in the Klang Valley, two in Penang, three in Kedah, nine in Johor and one each in Melaka, Negeri Sembilan and Perak.
Source- BERNAMA
KUALA LUMPUR, April 6,2012- Telekom Malaysia (TM) Bhd expects its customers for cloud services using Microsoft Office 365 software to increase this year.
Group Chief Executive Officer Datuk Seri Zamzamzairani Mohd Isa said the company currently has 20 customers comprising 2,000 users who are on trial for that service.
"Although they are currently on trial, we expect to convert them to permanent customers in the future and we foresee the number of customers to increase," he told reporters after the launch of TM Career and Education fair by the Deputy Minister of Higher Education Datuk Saifuddin Abdullah here today.
TM hoped those customers on trial will take up the service once the trial period has expired while it continued to look for potential customers.
"We believed the cloud service will be like the high-speed broadband service, UniFi, where for the first six months we only recorded 33,000 customers but after two years down the road, our customers have increased to over 300,000 at present," he said.
However, Zamzamzairani said following the introduction of the cloud service, the company planned to develop more Information Communication Technology (ICT) services for the small and medium entreprises.
"For a start, we have signed a partnership agreement with Microsoft for the Office 365 software to expand our cloud services offering by including it as part of TM's software services," he said, adding TM is also looking at other companies to enhance its cloud service.
On the development of UniFi service in other states, Zamzamzairani said TM will continue to expand coverage and is targeting to record 400,000 subscribers by year-end.
"UniFi is now enjoying a take-up rate of over 20 per cent of the premises passed, surpassing our initial estimates and expectations of eight to 10 per cent," he added.
The service is currently available at 81 exchange areas covering some 1.2 million premises. The areas are 64 in the Klang Valley, two in Penang, three in Kedah, nine in Johor and one each in Melaka, Negeri Sembilan and Perak.
Source- BERNAMA
Thursday, April 5, 2012
PNB To Hold Unit Trust Week In Kota Kinabalu From April 20
14 Jamadilawal 1433
KUALA LUMPUR, April 5,2012- The 13th edition of the Unit Trust Week Malaysia (MSAM) will begin at the Kota Kinabalu Sports Complex, Sabah, in a fortnight.
Prime Minister Datuk Seri Najib Tun Razak is expected to declare open the Permodalan Nasional Bhd (PNB) annual fair on April 20 while Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin attend the closing ceremony on April 28.
The nine-day event was expected to draw 20,000 visitors, PNB President/CEO Tan Sri Hamad Kama Piah Che Othman said here Thursday.
Source- BERNAMA
KUALA LUMPUR, April 5,2012- The 13th edition of the Unit Trust Week Malaysia (MSAM) will begin at the Kota Kinabalu Sports Complex, Sabah, in a fortnight.
Prime Minister Datuk Seri Najib Tun Razak is expected to declare open the Permodalan Nasional Bhd (PNB) annual fair on April 20 while Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin attend the closing ceremony on April 28.
The nine-day event was expected to draw 20,000 visitors, PNB President/CEO Tan Sri Hamad Kama Piah Che Othman said here Thursday.
Source- BERNAMA
Thursday, March 22, 2012
TM Targets 10 Pct Growth In SME Subscribers This Year
29 Rabiulakhir 1433
KUALA LUMPUR, March 22 , 2012- Telekom Malaysia Bhd (TM) aims to achieve 10 per cent growth in its small and medium enterprises (SME) customers by end-2012, from 494,000 customers currently.
TM SME executive vice-president, Azizi A Hadi said the company is committed in its partnership role to support SME development and growth by enabling them to achieve a competitive edge, leveraging on its wide array of solutions and extensive networks nationwide.
"SME BizFest is one of the many special platforms that we have prepared for Malaysian SMEs," Azizi said at the launch of the inaugural SME BizFest 2012 here today.
TM has projected to generate more than RM1 million in business transactions from the events, he added.
SME BizFest 2012 is a two-day event which will be held in three major cities namely Penang (April 13-14), Johor Baharu (May 11-12) and Kuala Lumpur (May 18-19).
SME BizFest 2012 aimed to provide a synergistic information communication technolgy (ICT) showcase for Malaysian SMEs to increase knowledge and awareness in products and services.
Among the highlights were interactive presentations, plenary style conferences covering a wide range of ICT and SME topics by renowned international and local speakers, latest technology demonstration and exhibitions.
SME BizFest also provided an avenue for SMEs to interact among themselves and opened up business opportunities through business matching sessions during the event.
The series of event was expected to attract more than 500,000 SME business communities in Malaysia that require ICT solutions to improve and enhance their business operations.
Source- BERNAMA
KUALA LUMPUR, March 22 , 2012- Telekom Malaysia Bhd (TM) aims to achieve 10 per cent growth in its small and medium enterprises (SME) customers by end-2012, from 494,000 customers currently.
TM SME executive vice-president, Azizi A Hadi said the company is committed in its partnership role to support SME development and growth by enabling them to achieve a competitive edge, leveraging on its wide array of solutions and extensive networks nationwide.
"SME BizFest is one of the many special platforms that we have prepared for Malaysian SMEs," Azizi said at the launch of the inaugural SME BizFest 2012 here today.
TM has projected to generate more than RM1 million in business transactions from the events, he added.
SME BizFest 2012 is a two-day event which will be held in three major cities namely Penang (April 13-14), Johor Baharu (May 11-12) and Kuala Lumpur (May 18-19).
SME BizFest 2012 aimed to provide a synergistic information communication technolgy (ICT) showcase for Malaysian SMEs to increase knowledge and awareness in products and services.
Among the highlights were interactive presentations, plenary style conferences covering a wide range of ICT and SME topics by renowned international and local speakers, latest technology demonstration and exhibitions.
SME BizFest also provided an avenue for SMEs to interact among themselves and opened up business opportunities through business matching sessions during the event.
The series of event was expected to attract more than 500,000 SME business communities in Malaysia that require ICT solutions to improve and enhance their business operations.
Source- BERNAMA
Youtube Signs Licensing Pact With MACP
29 Rabiulakhir 1433
KUALA LUMPUR, March 22 , 2012- YouTube has signed a licensing agreement with Music Author's Copyright Protection (MACP) that will allow Malaysian musicians and composers to earn revenue on YouYube.
YouTube Asia-Pacific director of product management, Adam Smith, said revenue would be generated when advertisements were displayed against YouTube partner's videos.
"For the first time under this agreement, Malaysian authors will receive payments from their association when rights holders distribute them," he told a media briefing here Thursday.
Source- BERNAMA
KUALA LUMPUR, March 22 , 2012- YouTube has signed a licensing agreement with Music Author's Copyright Protection (MACP) that will allow Malaysian musicians and composers to earn revenue on YouYube.
YouTube Asia-Pacific director of product management, Adam Smith, said revenue would be generated when advertisements were displayed against YouTube partner's videos.
"For the first time under this agreement, Malaysian authors will receive payments from their association when rights holders distribute them," he told a media briefing here Thursday.
Source- BERNAMA
Thursday, March 15, 2012
HSSB Agreement With REDtone To Uplift TM's Earnings
22 Rabiulakhir 1433
KUALA LUMPUR, March 15 , 2012 Telekom Malaysia Bhd's (TM) earnings are expected to see an uplift following its high speed broadband (HSBB) agreement with REDTone International Bhd (REDtone) yesterday, said Hong Leong Investment Bank (HLIB).
"We would expect the agreement to contribute positively to TM's earnings whereby, it would normally encompass two types of income, recurring and usage based," HLIB said in its research note today.
Under the agreement, TM will provide both HSBB access and transmission services to REDtone with the latter having access to 1.3 million premises by year-end.
HLIB believes that REDtone would utilise the HSBB as a backhaul to complement its existing 4,500 WiFi hotspots and potentially increase it to 5,000 by year-end.
Meanwhile, it also believes that TM will continue to lead the fibre-to-the-home market segment with the advantage as the first mover.
Source- BERNAMA
KUALA LUMPUR, March 15 , 2012 Telekom Malaysia Bhd's (TM) earnings are expected to see an uplift following its high speed broadband (HSBB) agreement with REDTone International Bhd (REDtone) yesterday, said Hong Leong Investment Bank (HLIB).
"We would expect the agreement to contribute positively to TM's earnings whereby, it would normally encompass two types of income, recurring and usage based," HLIB said in its research note today.
Under the agreement, TM will provide both HSBB access and transmission services to REDtone with the latter having access to 1.3 million premises by year-end.
HLIB believes that REDtone would utilise the HSBB as a backhaul to complement its existing 4,500 WiFi hotspots and potentially increase it to 5,000 by year-end.
Meanwhile, it also believes that TM will continue to lead the fibre-to-the-home market segment with the advantage as the first mover.
Source- BERNAMA
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