Day: July 31, 2024

KUALA LUMPUR,, Cavli Wireless, one of the first truly Internet of Things (IoT)-ready cellular module manufacturers, has unveiled the new C11QM LTE Cat 1 IoT module. According to a statement, this latest addition to the flagship C-Series line leverages advanced LTE Cat 1 technology and the inbuilt global navigation satellite system (GNSS) tracking to deliver seamless global connectivity and tracking solutions. ‘We have designed this module to address the evolving needs of the IoT industry, combining advanced LTE capabilities and in-built GNSS in a compact form factor. ‘With the C11QM, we are not just launching a product; we are empowering

KUALA LUMPUR,, Kuwait Finance House KSCP said it has decided to voluntarily withdraw from the Malaysian market and wind down Kuwait Finance House (Malaysia) Bhd (KFHMB) after 19 years of operation. The group said in a statement here today that this followed a recent announcement on the group’s international business strategic review to focus on and expand in regional markets namely Gulf Cooperation Council (GCC) countries and the Middle East. Acting chief executive officer Ida Aizun Husin said KFHMB is profitable and remains solvent as the group approach this transition with a strong financial foundation, ensuring that all their commitments

GEORGE TOWN,, The Small and Medium Enterprises Association of Malaysia (SAMENTA) will intensify its efforts to assist small and medium enterprises (SMEs) in the country, in improving their compliance with environmental, social, and governance (ESG) standards. Its president Datuk William Ng said many SMEs still struggle with meeting these essential standards, which are crucial for maintaining competitiveness in the industry. ‘There are numerous issues requiring SAMENTA’s attention, but ESG compliance is a particularly pressing one. We aim to support SMEs in addressing this challenge, by enhancing their understanding and knowledge of ESG requirements,’ he said. In addition to ESG compliance,

KUALA LUMPUR,, Lotte Chemical Titan Holding Bhd’s (LCT) net loss of RM248.88 million narrowed in the second quarter ended June 30, 2024 (2Q FY2024) against a net loss of RM313.47 million in the same quarter last year. In a filing with Bursa Malaysia, it attributed the narrowing of its net loss to lower sales volume, lower gross negative margin, and a lower write-down of inventories to its net realisable value. Revenue for the 2Q FY2024 declined to RM1.78 billion compared with RM1.86 billion a year ago. On a cumulative six-month basis, the group’s net loss fell 19 per cent to

KUALA LUMPUR,, Infomina Bhd has accepted a letter of acceptance from the Ministry of Home Affairs, amounting to RM34.71 million. In a filing with Bursa Malaysia today, the technology company said the award is for the provision of technology application and infrastructure operations, maintenance and support services. The service is to provide key support to the ministry’s core application, including data and storage management, workload automation, report and spool management and holistic database analysis and management for three years commencing Aug 1, 2024, to July 31, 2027. “This is expected to contribute positively to the earnings of the Infomina group