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Day: July 26, 2024

Indonesia, Philippines skip Thai King’s Cup

The 37th Thai King’s Cup Sepaktakraw World Championship will lose some of its lustre as Indonesia and the Philippines, semi-finallists in the team regu event at the ISTAF Sepaktakraw World Cup here last May, have officially withdrawn from the tournament. International Sepaktakraw Federation (ISTAF) secretary-general Abdul Halim Kader, in a statement today, announced that the Indonesian Sepaktakraw Association withdrew from the King’s Cup to focus on the 21st National Sports Week (PONI) in the republic from Sept 8-20. ‘However, the Philippine Sepaktakraw Association (PSTA) did not provide any reason for their withdrawal by the final registration deadline on July 14.

99 Holdings Inks Underwriting Agreement For Main Market IPO

99 Speed Mart Retail Holdings Bhd (99 Holdings) has signed a retail underwriting agreement with CIMB Investment Bank Bhd, Affin Hwang Investment Bank Bhd, and RHB Investment Bank Bhd in conjunction with its upcoming initial public offering (IPO). In a statement today, 99 Holdings said it targets to be listed on the Main Market of Bursa Malaysia in the third quarter of 2024. It said the IPO of up to 1.43 billion ordinary shares (IPO Shares) will comprise an offer for sale of up to 1.03 billion existing shares (offer shares) and a public issue of 400 million new ordinary

Another three companies pledge RM2 mln for first Olympic gold – KBS

Three more sponsors from the corporate sector have pledged a cash reward of RM2 million to any Malaysian athlete who succeeds in winning the nation’s first gold medal at the 2024 Paris Olympics. A statement from the Ministry of Youth and Sports (KBS), said the three companies-Yinson Holdings Berhad, Matrix Concepts Holdings Berhad, and MJ Health Screening Centre-are stepping up to motivate the 26 competing athletes. “Yinson Holdings Berhad will contribute RM1 million, while Matrix Concepts Holdings Berhad and MJ Health Screening Centre will each provide RM500,000. “The total amount of RM2 million will be awarded to the athlete who

Malaysia Poised To Capture Medical Device Manufacturing Market

Malaysia has the right manufacturing landscape and enablers to capitalise on the global medical devices industry’s bright prospects. Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz said the global medical devices industry is projected to grow to US$887 billion by 2032 from US$542 billion projected for 2024. ‘Malaysia has what it takes – a solid foundation, a thriving ecosystem, strong political will – to engineer the rapid growth of our manufacturing industry by engaging key stakeholders, particularly industry members themselves. ‘The nation can be a manufacturing hub for medical devices, allowing global brands to serve the ASEAN

Sabah Sending 713-strong Contingent To sukma 2024

A total of 713 athletes, comprising 373 men and 340 women, will carry Sabah’s challenge at the 21st Malaysia Games (SUKMA) in Sarawak next month. Sabah Youth and Sports Minister Datuk Ellron Angin said that Sabah will participate in 35 out of the 37 sports events at SUKMA 2024, which will be held from Aug 17 to 24. He said that Sabah will not compete in chess due to technical issues with athlete registration and in kabaddi due to the lack of a strong athlete development programme in the sport in the state. ‘Sabah is targeting 40 gold medals. As

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