Business

KUALA LUMPUR, Xenco Medical, a pioneering life sciences company, has been awarded with Fast Company Magazine prestigious 2024 Innovation by Design Award for its groundbreaking TrabeculeX Continuum, the first convergent technology bridging regenerative medicine and digital health. The distinguished award marks the second time in two consecutive years that Xenco Medical has been recognised by Fast Company Magazine for its breakthrough innovations. Last year, the company was named one of the World’s Most Innovative Companies by the esteemed publication. ‘We are immensely honoured to receive Fast Company’s 2024 Innovation by Design Award for the TrabeculeX Continuum and deeply grateful for

KUALA LUMPUR, Ahmad Zaki Resources Bhd’s wholly owned unit Ahmad Zaki Sdn Bhd has bagged a RM152 million contract from the Public Works Department (JKR). In a filing with Bursa Malaysia today, Ahmad Zaki Resources said under the letter of acceptance received on July 24, Ahmad Zaki Sdn Bhd will design and build the Port Dickson specialist hospital in Negeri Sembilan. “The contract duration of 156 weeks from Aug 6, 2024 and is expected to contribute positively to the group’s future earnings,” said the engineering and construction group. Source: BERNAMA News Agency

KUALA LUMPUR, Prime Minister Datuk Seri Anwar Ibrahim has refuted claims that the monetary, fiscal and budget policies have not been successful in achieving the government’s promise of debt and fiscal deficit reduction. He stressed that the government is committed to lowering the national debt, which is currently being done. Anwar said there has been some hue and cry in the past few weeks suggesting that the government was not telling the truth and has reneged on its promise. ‘We have been attacked on social media, but the information given is false,’ he said in a video posted on the

KUALA LUMPUR, Kenanga Investment Bank Bhd believes IOI Properties Group Bhd’s acquisition of the loss-making Tropicana Gardens Mall from Tropicana Indah Sdn Bhd is an opportunity for the property developer. The investment bank said IOI Properties is acquiring the mall for RM680 million, a 28 per cent discount to book value or replacement cost of RM943.6 million. Tropicana Indah Sdn Bhd is a 70 per cent-owned indirect subsidiary of Tropicana Corp Bhd. Tropicana Gardens Mall was only profitable for one year following its opening in March 2020. “It only made RM500,000 in the financial year 2021 (FY2021) but was in

KUALA LUMPUR, Xsolla, a global video game commerce company, has announced the grand opening of the Xsolla Greater China Region office at Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and worldwide. Xsolla Chief Marketing Officer and Chief Growth Officer, Berkley Egenes said the establishment of its Beijing office is a testament to the company’s belief in the potential of local game developers and their creations on the global stage. ‘This initiative underscores our dedication to empowering the gaming community, ensuring our partners have the tools and resources to succeed in an