The Star Online: Business
The Star Online: Business |
- Nasim unveils Peugeot 508 in Sabah
- Maybank banks on MU for Asean credit card business
- Beverage maker partners with Singapore’s FCL to develop Section 13 land
| Nasim unveils Peugeot 508 in Sabah Posted: 11 Nov 2011 05:13 PM PST KOTA KINABALU: Nasim Sdn Bhd has unveiled the internationally-acclaimed Peugeot 508 in Sabah. The launch of the new Peugeot model was done at the Blue Box Kota Kinabalu at 1Borneo, Likas, near here. The all-new Peugeot 508, with an on-the-road price of RM171,697, marks a new chapter for both Nasim and the Peugeot brand in the premium executive segment. Nasim chief operating officer Datuk Samson Anand George said the Peugeot Blue Box was part of Nasim's expansion drive to ensure the Peugeot brand was represented in all the major markets in the country. "With the launch of the Peugeot Blue Blox Kota Kinabalu, we are confident the new 508 will be a success in tbe Sabah market," he said at the launch. Also present were Sabah State Secretary Datuk Sukarti Wakiman, Angkatan Hebat chairman Tan Sri Ampong Puyon and Automobiles Peugeot general director for Asean countries Lionel Faugeres. Nasim appointed Angkatan Hebat Motor Sdn Bhd as its sole dealer in Sabah in June this year. Angkatan Hebat Motor is a unit of Angkatan Hebat Sdn Bhd, the fleet management services provider to the Sabah state government and also a dealer for several commercial and passenger vehicle brands. Samson said Angkatan Hebat plans to expand its dealership network in Sabah to key markets in the state from next year. — Bernama Full content generated by Get Full RSS. |
| Maybank banks on MU for Asean credit card business Posted: 11 Nov 2011 05:13 PM PST KUALA LUMPUR: Malayan Banking Bhd (Maybank), which is targeting 30,000 card members for its new Maybankard Manchester United credit card in the next one year, sees the introduction of this co-branded card as a platform to strengthen its credit card business in the Asean region. The bank's chairman Tan Sri Megat Zaharuddin Megat Mohd Nor said the collaboration between Manchester United (MU) and Maybank would further help its cards business to grow regionally with the internationally well known football club. He said it would also at the same time offer significant opportunities for strategic and branding alliances, adding that Maybank was currently the leader in the card segment with a total credit card base of 1.5 million and an 18% market share. Megat Zaharuddin said he was confident the new card would do well in the market as the bank was expecting a total of about 300,000 card members for the card over the next three years due to its benefits. He said this at a press conference at the launching of Maybankard Manchester United card. The event was graced by former MU defender Gary Pallister, one of the club's best defenders. Meanwhile, Maybank deputy president and head of community financial services Lim Hong Tat said the bank was aiming to be in the top five position in the credit card business in the Asean region (excluding Malaysia) by 2015 from the eight spot currently. He said launching the Maybankard Manchester United would be a platform for it to expand its regional reach and it would soon introduce a similar card in Singapore. The co-branded card offers an array of multiple TreatPoints, discounts when purchasing MU merchandise online and at the Megastore in Old Trafford, and 20% off the Stadium Museum Tour at Old Trafford. The card's annual fee is waived for life. Every newly approved card will stand a chance to win two all paid expense hospitality match tickets to watch Manchester United vs Liverpool live at Old Trafford including seven days / four nights accommodation and flight tickets. The card also comes with attractive loyalty points where every RM1 spent is equivalent to one TreatsPoint, of which every ringgit spent on petrol and groceries earns them five TreatsPoints. Ten TreatsPoints are given for all online purchases of MU merchandise at www.manutd.com. Cardholders are entitled to five times TreatsPoints for all retail purchases on Manchester United match days and upon the Club winning the Premier League game. The TreatsPoints will never expire and cardholders can redeem whenever they wish. Full content generated by Get Full RSS. |
| Beverage maker partners with Singapore’s FCL to develop Section 13 land Posted: 11 Nov 2011 05:12 PM PST PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) and its subsidiary, Vacaron Company Sdn Bhd (VCSB), will team up with with FCL Centrepoint Pte Ltd (FCLC) from Singapore to develop two parcels of leasehold land in Section 13, Petaling Jaya. AmInvestment Bank Bhd told Bursa Malaysia yesterday that pursuant to the shareholders agreement, F&N and FCLC would each have 50% equity in VCSB to develop the land which is now occupied by Premier Milk (Malaya) Sdn Bhd and F&N Dairies (M) Sdn Bhd, both of which are subsidiaries of F&N. The proposed joint venture (JV) between F&N and FCLC via VCSB, being the owner of the land measuring 554,264 sq ft, was to undertake a proposed mixed development project comprising hotel, offices, shopping mall, retail properties and residential properties. According to the SSA, FCLC agreed to subscribe 500,000 ordinary shares in VCSB for RM500,000 cash for the 50% stake. "The company is unable to disclose the specific details of the proposed development as VCSB has yet to obtain the relevant authorities's approval for the proposed development and building plan," it said. The proposed JV is expected to contribute positively towards the future financial performance of the F&N Group. However, it is conditional upon approvals obtained from shareholders of F&N at the forthcoming EGM and any relevant authorities, if required. Meanwhile, during the commissioning of the F&N Dairies plant at Pulau Indah yesterday, CEO Datuk Ng Jui Sia said the RM350mil plant was completed ahead of schedule and ready for commercial production early next year. "The plant will replace our dairy manufacturing facility in Petaling Jaya and this new plant will have an initial planned capacity in excess of 14 million cases annually," he said. On the current flood situation in Thailand, which had affected F&N's dairies operation in that country, Ng said production capacity at the Petaling Jaya plant had been ramped up by an additional 20% to cater to the needs of the Thai and Indochina markets until the situation returned to normal. The Pulau Indah plant is the second greenfield canned milk plant after its RM250mil dairy plant in Rojana, Thailand, which was officially opened last June. Full content generated by Get Full RSS. |
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