CYBERJAYA: Pure play enterprise Internet of Things (IoT) solutions provider SMRT Holdings Bhd (SHB) posted a net profit of RM7.04 million for the first quarter (Q1) ended September 30, 2024, an increase of 0.82% from RM6.99 million posted in the same quarter last year.

The increase was due to a higher-margin revenue mix, realisations of economies of scale from the higher number of managed sites and reduced administrative expenses.

Revenue for Q1 decreased 10.4% to RM16.5 million compared to RM18.42 million posted in Q1 last year.

SHB group managing director Maha Palan said the company’s key markets in Malaysia and Indonesia continue to show growth trajectory.

“Our previous strategic entry into the Philippines’ financial services sector has laid the foundation for further growth, and we are now actively exploring new opportunities in the country,“ he said.

On the venture into new verticals, Palan said the group’s IoT deployments for the water utility sector are delivering positive results and will tangibly contribute to results in this financial year.

Meanwhile, SHB has appointed Au Wong Lian (Kit) as its new group CEO, effective November 8, 2024.

Au brings over 30 years of experience in the technology and telecommunications industries, during which he has held leadership positions in various leading companies, including TimeDotCom and Microsoft Malaysia.

“Given Au’s extensive experience, deep domain expertise, and proven track record in driving growth and profitability, I am confident he will help lead SHB to the next level.

“More importantly, there is a strong alignment in corporate culture and core values between Au and our team, ensuring a smooth integration that will support our shared vision of leading the provision of IoT services across the Asean region,“ Palan said.

PETALING JAYA: The latest AHK World Business Outlook Fall 2024 Survey conducted among German companies in Malaysia reveals an optimistic forecast for 2025, with positive sentiment about both current conditions and prospects.

The survey highlights key insights reflecting the resilience and growth expectations of German businesses operating in Malaysia.

When asked to assess the current performance of their company, 92% of German businesses in Malaysia report conditions as “good or satisfactory”, which marks a significant increase of 10% compared to the same period last year.

Strong economic development and confidence among German businesses in Malaysia are expected to continue into next year, with 97% of respondents describing the outlook for 2025 as “favourable or stable”.

While Malaysia has always been recognised for its strong economic foundation, this year’s survey results demonstrate a significant boost in confidence, surpassing expectations from last year’s outlook and highlighting the continued resilience of Malaysia’s economy.

Reflecting this confidence, more than 63% of companies expect positive business development over the next 12 months, while 35% anticipate the current stability will be maintained. Only 1.8% predict a decline in performance, showcasing a predominantly positive outlook for the year ahead.

Additionally, four in 10 companies intend to increase investments in the coming year, suggesting a commitment to further growth within the business community.

Employment plans also appear to be promising, with almost half of the German companies in Malaysia indicating plans to ramp up hiring. An equal percentage (47%) intend to retain their current workforce, emphasising a dual approach to growth and stability in human resources.

While the survey paints a generally encouraging outlook for businesses in Malaysia, respondents identified several challenges that could potentially impact their economic development in the coming years.

Survey participants view demand, economic policy conditions, and lack of skilled workers as potential challenges. These insights underscore the need for ongoing vigilance and strategic planning as companies navigate both opportunities and uncertainties in a highly competitive and volatile global market.

Overall, the findings of the survey illustrate a strong confidence among companies in Malaysia, highlighting a positive trajectory for business development and economic growth in the coming year.

Malaysian-German Chamber of Commerce and Industry (MGCC) executive director Jan Noether said, “The results of the AHK World Business Outlook Fall 2024 Survey align perfectly with our expectations for the future of German business in Malaysia. The strong sentiment and optimism reflected in the survey highlight the positive situation we are experiencing here and underscore our confidence in Malaysia’s economic stability and growth prospects. German companies are comfortable and committed to the Malaysian market, with a clear outlook for continued success and expansion in the year ahead. Moreover, Malaysia’s stable economic environment and supportive policies play a key role in stimulating further investment, reinforcing our belief in the country as a reliable and attractive hub for business growth.”

In Malaysia, the survey was conducted between Sept 23 and Oct 16, with 111 respondents from MGCC member companies, comprising mostly German companies with branches or subsidiaries in Malaysia, primarily from the manufacturing, trade, and services sectors.

The survey is part of the broader AHK World Business Outlook, a biannual global research initiative conducted by the German Chamber of Commerce and Industry. It surveys member companies from the network of German chambers of commerce abroad (AHK), which represent more than 40,000 companies in 93 countries.

Volkswagen Group is seeking significant cost reductions as it faces declining demand, rising expenses, and mounting competition. The automaker has proposed a 10 per cent wage reduction for its union employees after IG Metall, the union representing Volkswagen’s workforce, requested a seven per cent raise. This wage cut comes as part of broader measures Volkswagen is considering to address financial difficulties, which include restructuring bonuses and possibly eliminating anniversary and monthly bonuses.

Despite these proposed changes, Volkswagen’s CEO Thomas Schafer has not ruled out more drastic options, such as plant closures, if cost-cutting goals are not met through negotiations. “Successful operations are a prerequisite for job security,” said Arne Meiswinkel, VW’s lead negotiator, highlighting the necessity for lower labour costs to stabilise the company.

Volkswagen reported a steep 42 per cent drop in third-quarter operating profits, and its core brand posted only a two per cent operating margin through September. According to CFO and COO Arno Antlitz, this underscores the need for “significant cost reductions and efficiency gains” to sustain the company’s operations.

Rumours of potential plant closures in Germany have circulated as the company confronts inefficiencies across several domestic sites. Schafer remarked that the issues cannot be resolved by “simple cost-cutting measures,” indicating deeper structural challenges within the automaker’s German manufacturing operations.

Volkswagen and IG Metall will resume negotiations on November 21.

PROTON has unveiled its new S70 R3 race car for the upcoming 2024 Sepang 1000KM (S1K) endurance race, hosted at the Petronas Sepang International Circuit. This addition to Proton’s racing portfolio will compete with two cars, each driven by a pair of seasoned and promising drivers.

Driver Line-up

Car #81: Piloted by Syafiq Ali, a three-time S1K winner, and Fahrizal Hasan, known for his multiple victories in the Sepang 12 Hours endurance race.

Car #82: Driven by two emerging talents, Ariff Azmi, an 18-year-old karting and touring car champion, and Alister Yoong, a 21-year-old Formula 4 racer and son of former F1 driver Alex Yoong.

Spotlight on Alister Yoong

Alister Yoong brings an impressive racing background to Proton’s team:

– Winner of the 2022 Indian Racing League and current championship leader in 2024.

– Notched up four wins in the Italian Sports Prototype Championship (CISP) and two in the French Sports Prototype Championship.

– Head coach at Axle Academy, founded by his father, where he trains up-and-coming racers.

The Race Car: Proton S70 R3

The S70 R3 is equipped with a 1.6-litre naturally aspirated S4PH engine, engineered according to Malaysian Touring Car (MTC) regulations. The team has hinted at a potential expansion next year, considering entry into the Malaysian Championship Series’ SP2 class. This setup and driver mix signal a strong bid from Proton for the 2024 S1K endurance race.

GOODYEAR is proud to be the official tyre sponsor of the Tokyo Auto Salon Kuala Lumpur 2024, happening from 8 – 10 November 2024 at MITEC, Kuala Lumpur. Known as the world’s premier customised car show, this event promises to showcase the latest in automotive technology, design, and more, drawing car enthusiasts from across the region.

Event Details

Date: 8 – 10 November 2024

Time: 10:00 am – 10:00 pm

Venue: MITEC, Kuala Lumpur

At the Goodyear booth, attendees can explore the latest in high-performance tyre technology and see how Goodyear is driving innovation in tyre performance and quality. This event offers automotive fans the perfect chance to engage with Goodyear and witness the exceptional standards that Goodyear tyres bring to every journey.

Don’t miss this exciting opportunity to connect with industry leaders and fellow car enthusiasts!

STELLANTIS MALAYSIA is introducing the Leapmotor C10, its latest new energy SUV, through an exciting nationwide Leapmotor C10 Experience Roadshow. Attendees can get up close and personal with this innovative electric vehicle (EV), renowned for its award-winning design, advanced technology, and driving ease.

The roadshow will take place at the following locations:

Roadshow Highlights

Interactive Showroom: Experience the Leapmotor C10’s state-of-the-art features focused on comfort, intelligence, and spacious design.

Family-Friendly Area: The Publika roadshow will feature a Play Cabin for kids, while parents can explore the vehicle’s child-friendly interior.

Virtual Reality (VR): Immerse yourself in a VR experience for an in-depth look at the C10’s innovative technology.

Test Drive & Exclusive Merchandise

Visitors can test drive the Leapmotor C10 and experience its performance, powered by a Qualcomm® Snapdragon™ 8155 chip with driving optimization by Maserati for a seamless experience. Test drivers will receive exclusive Leapmotor merchandise, and all visitors can redeem a limited-edition Leapmotor tote bag and enamel pin set.

Special Booking Offer

Prospective buyers can enjoy a limited-time offer by booking the Leapmotor C10 at the roadshow before 30 November 2024 for an introductory price of RM149,000 on the road without insurance (RM10,000 off the original RM159,000 price).

SAIC MOTOR MALAYSIA is wrapping up the year with a remarkable promotion for the MG4 EV and MG ZS EV, offering exclusive deals to make electric vehicle (EV) ownership more accessible. In honour of MG’s 100th anniversary, buyers can enjoy up to 20 months of free instalments, offering savings of up to RM26,000, making this an ideal time to join the MG family.

Here’s a breakdown of the promotion:

MG ZS EV: 20 months of free instalments worth RM26,000

MG4 EV Lux: 12 months of free instalments worth RM16,000

MG4 EV Standard: 8 months of free instalments worth RM8,500

This limited-time offer provides substantial savings and financial ease for MG’s new EV owners. Interested buyers can experience the MG4 EV, MG ZS EV, and other models with test drives at their nearest MG Motor Authorised Dealer Showrooms.

For more details, visit mgmalaysia.com or contact the MG Careline at 1800-28-3636.

Alongside the AMG models that were introduced, Mercedes-Benz Malaysia also unveiled the Mercedes-Benz GLC 350 e 4MATIC Coupe.

The Mercedes-Benz GLC 350 e 4MATIC Coupe is a plug-in hybrid model that emphasises both luxury and practicality. The GLC 350 e offers an impressive all-electric range of over 100km (WLTP) and supports speeds up to 140km/h on electric power alone, making it a versatile choice for urban and longer-distance driving.

Design and Exterior Features

The GLC Coupe’s sporty silhouette is complemented by an AMG Line exterior, highlighted with 20-inch AMG multi-spoke alloy wheels, a panoramic sliding sunroof, and aluminium-look running boards with rubber studs. Polished aluminium roof rails enhance its premium profile, while the Digital Light technology with Adaptive Highbeam Assist Plus ensures high visibility across various driving conditions.

Interior and Technology

Inside, the GLC Coupé continues the AMG Line’s sporty aesthetic, with Artico man-made leather upholstery crafted to play with layered surfaces for a premium feel. The instrument panel and beltlines feature Artico leather in a nappa look, paired with a metal structure trim element. Adding to the luxury is a multifunction sports steering wheel in nappa leather and a high-quality Burmester 3D surround sound system.

Safety and Assistance Features

Equipped with the Driving Assistance Plus package, the GLC 350 e offers Active Distance Assist Distronic, Active Lane Keeping Assist, and Pre-Safe Impulse Side, delivering enhanced safety and driver support.

This new GLC 350 e 4MATIC Coupe is priced at RM425,888.

BENTLEY is accelerating toward its electric future, building on a path that began with the introduction of the Bentayga Hybrid in 2018. With plug-in hybrid versions of the Continental GT and Flying Spur now available, the luxury automaker has officially announced plans for its first fully electric vehicle (EV), set to debut in 2026.

This new EV will be a luxury urban crossover SUV, described by Bentley’s new CEO, Frank-Steffen Walliser, as “compact” — a term that is relative in Bentley’s world. Measuring under 5003mm in length, it is expected to be similar in size to the Porsche Cayenne or Audi Q7 and will likely share its platform with the forthcoming Porsche Cayenne EV.

While Bentley has withheld technical details, Walliser emphasised that the upcoming model will prioritise usable range and charging speed to meet the demands of modern luxury car buyers. Addressing concerns about the transition to electric power, he assured, “We don’t want to make just any electric car; we want to make a Bentley.” The brand remains committed to preserving the unique qualities that define a Bentley, even without the traditional engine sound. Bentley board member Matthias Rabe hinted at innovative solutions to replicate the emotional experience of a combustion engine without merely copying conventional engine notes.

Bentley’s electrification strategy, initially called Beyond 100, has been rebranded as Beyond 100 Plus, reflecting an adjusted timeline for full carbon neutrality, extended from 2030 to 2035. The shift is driven by both regulatory pressures and growing customer interest, though Walliser acknowledged that the transition will vary across different markets.

This announcement underscores Bentley’s ambition to balance modern sustainability with its storied heritage of opulence and performance. As the brand embraces its electric transformation, it aims to redefine luxury mobility for the next generation.

THE Malaysian government has set an ambitious target for electric vehicles (EVs) to account for 20% of annual new vehicle sales by 2030, encompassing both passenger and commercial categories. As of September 2024, EV sales have reached 5.11% of the total annual volume, a notable increase from 4.12% recorded for the entirety of 2023.

The Ministry of Investment, Trade and Industry (MITI) reported that the adoption of battery electric vehicles (BEVs) has grown significantly in recent years. Total BEV sales stood at 15,876 units in 2024 and 13,513 units in 2023, a sharp rise compared to 3,146 units sold in 2020.

Efforts to Build a Strong EV Ecosystem

MITI credited the improved numbers to the collaborative efforts between government ministries, agencies, and industry players. Before 2018, the EV market in Malaysia was minimal, with limited adoption and infrastructure.

To support the sector’s growth, the government has rolled out a series of initiatives, including:

- Tax exemptions for imported completely built-up (CBU) EVs until the end of 2025.

- Full exemptions on import duty, excise, and sales tax for locally assembled EVs until December 2027.

- A commitment to establish 10,000 EV charging stations nationwide by 2025.

- Full tax relief for BEVs from 2022 to 2025.

Engaging Stakeholders for Infrastructure Expansion

To accelerate EV infrastructure development, MITI has engaged with various stakeholders, including:

- Highway concessionaires

- Hypermarket chains

- The Shopping Complex Management Association

- The Hotel Association and Hotel Owners Association of Malaysia

These sessions aim to encourage the deployment of public EV charging services at key locations such as highways, shopping malls, and hotels to meet the growing needs of EV users.

Five-Year Strategy for EV Growth

In response to a question from Wangsa Maju MP Zahir Hassan, MITI outlined its strategy for EV adoption over the next five years. This includes:

- Strengthening the EV industry ecosystem through public and private sector collaboration.

- Increasing public awareness and accessibility to EVs.

- Expanding EV charging infrastructure to meet the 2025 target of 10,000 public charging points.

MITI expressed optimism about meeting its targets, citing the combined efforts of government initiatives and industry commitment. “With continuous efforts at various levels and support from industry players, the number of public EV charging stations will increase significantly and help achieve the desired goals by 2025,” the ministry stated.

Looking Ahead

As Malaysia pushes toward its 20% EV sales target by 2030, the government’s efforts to incentivize EV adoption and develop the necessary infrastructure are expected to drive significant progress. With rising sales and increasing public acceptance, the country is steadily building a robust foundation for its EV future.

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Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached almost P100 billion as of the third quarter, allowing the agency to finance the higher demand for home loans.

Digital lender Maya Bank, in partnership with Landers Superstore, has issued over 50,000 credit cards in just three months, making it one of the fastest growing credit cards in the country.

Lower profits in its sugar and renewables business weighed down the performance of Gokongwei-led food and beverage firm Universal Robina Corp. in the nine months ending September.

Earnings of Philippine banks rose by 6.4 percent to P290 billion from January to September compared to last year’s P273 billion, according to the Bangko Sentral ng Pilipinas.

The Bureau of Customs saw its collections rise to P90 billion in October as it ramped up proper tax verification on various imported goods.

Jollibee posted a Q3 net income of P2.98 billion, up 18% y/y from its Q3/23 net income of P2.53 billion, and down 6% q/q from its Q2/24 net income of P3.19 billion.

Asia-Pacific will require 19,500 new aircraft by 2043, Airbus announced on Wednesday, November 13 at a regional aviation summit.

Philippine troops will join Australia's largest military exercise for the first time next year, while the Australian Defense Force will make their debut in Philippine-led war games, both countries' defense chiefs announced Wednesday, November 13.

The ASICS Rock 'n' Roll Running Series Manila, presented by AIA Vitality, returns on November 23-24 for its third year, bigger and bolder than ever.

Folder2ISO lets you effortlessly create an ISO image from any folder on your computer. Folder2ISO is lightweight and requires no setup, making it versatile for quick ISO image creation. For convenience, it can be integrated into the Windows context menu, allowing you to access it by right-clicking on any folder in Windows Explorer. [License: Freeware | Requires: 11|10|8|7|Vista|XP | Size: 308 KB ]

Intel Arc Graphics Driver for Windows is a driver specifically for Windows 10 and 11 with support for the 12th Gen Intel Core processor family and Intel Arc A-Series Graphics.... [License: Freeware | Requires: 11|10 | Size: 1 GB ]

Psiphon is a censorship circumvention tool designed to give access to the internet where censors and firewalls block it. Psiphon is portable and when run, automatically connects to the fastest country near you by default. A drop-down is right there where you can choose from one of nine countries or easily disconnect. [License: Open Source | Requires: 11|10|8|7|Android|macOS | Size: 8 MB ]

CCleaner is a freeware system optimization, privacy, and cleaning tool. It removes unused files from your system - allowing Windows to run faster and freeing up valuable hard disk space. Install, uninstall, and toolbar included. [License: Ad-Supported | Requires: 11|10|8|7|macOS | Size: 75 MB ]

CCleaner is a freeware system optimization, privacy, and cleaning tool. It removes unused files from your system - allowing Windows to run faster and freeing up valuable hard disk space. Install, uninstall, and toolbar included. [License: Ad-Supported | Requires: 11|10|8|7|macOS | Size: 75 MB ]

CCleaner is a freeware system optimization, privacy, and cleaning tool. It removes unused files from your system - allowing Windows to run faster and freeing up valuable hard disk space. Install, uninstall, and toolbar included. [License: Ad-Supported | Requires: 11|10|8|7 | Size: 69 MB ]

CCleaner is a freeware system optimization, privacy, and cleaning tool. It removes unused files from your system - allowing Windows to run faster and freeing up valuable hard disk space. Install, uninstall, and toolbar included. [License: Shareware $39.95 | Requires: 11|10|8|7|macOS | Size: 75 MB ]

UnHackMe allows you to detect and remove a new generation of Trojan programs - invisible Trojans and will be a very useful security utility for your operating system. [License: Shareware $39.90+ | Requires: 11|10|8|7 | Size: 44 MB ]

NTLite is an all-in-one Windows customization tool that offers a robust set of options for modifying and removing unnecessary components from the standard distribution of Windows. NTLite will also allow you to create a bootable ISO from any image as long as the normal image folder structure is present (Boot and Sources folders). [License: Freemium | Requires: 11|10|8|7 | Size: 21 MB ]