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Tag: Malaysia

  • Singapore establishes data science consortium

    Singapore establishes data science consortium

    Singapore’s National Research Foundation (NRF) will set up the Singapore Data Science Consortium, a national partnership that aims to improve strengths in data science and analytics.

    The consortium includes the National University Singapore (NUS), the Nanyang Technological University (NTU), the Singapore Management University (SMU) and the Agency for Science, Technology and Research (A*STAR).

    The consortium will strengthen collaborative research between institutes of higher learning, research institutes and industry in data science R&D, with the aim of facilitating industry adoption of the latest data science and analytics technologies to address real-world challenges. It will also train Singapore’s pipeline of talents with data science capabilities.

    The consortium will help the industry to identify and shape their data science problem statements, match companies to potential R&D partners, and conduct industry engagement events and workshops, in order to facilitate adoption and commercialization of data science technologies.

    Companies in six sectors will be engaged – finance, healthcare, retail, manufacturing, logistics and transport. Through the consortium, companies will be able access the latest data science technologies and expertise from academia, access publicly-funded intellectual property to develop new products and services, or create solutions to existing market challenges.

    Data has been identified as a significant growth multiplier for Singapore. Regionally, more than 50% of Southeast Asia’s data centers are located in Singapore. The ability to analyze complex data and predict relationships will build on Singapore’s existing strengths, creating data-driven solutions that can improve the lives of citizens or build products and services for regional or global markets.

    “The Singapore Data Science Consortium will build stronger public-private R&D collaboration by bringing together the key stakeholders – public agencies, data scientists and companies – in the data science ecosystem to realize innovation from the knowledge generated by our research efforts,” NRF CEO professor Low Teck Seng said.

    “It is through this synergy that we create solutions that have direct relevance to meeting industry needs or in addressing our national challenges.”

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  • Axiata to lease capacity on IPSTAR-1 for Indonesia

    Axiata to lease capacity on IPSTAR-1 for Indonesia

    Malaysia’s Axiata Group has signed a four-year agreement to lease capacity over Thaicom’s IPSTAR-1 satellite for the provision of broadband services in Indonesia.

    Subsidiary Axiata Business Services will purchase the remaining capacity on the broadband satellite, located at 119.5° east.

    Thaicom’s IPSTAR unit will provide multi-transponder 1Gbps high throughput satellite (HTS) capacity under the contract.

    As well as direct home and enterprise broadband access, Axiata plans to use the capacity for mobile backhaul.

    “We are leveraging on Thaicom’s capabilities in Asia to grow our enterprise business quickly and flexibly while providing reliable broadband services to all potential customers regardless of location,” said Axiata group chief business operations officer Asri Hassan Sabri said.

    “Where terrestrial-based connectivity is limited or unavailable, HTS connectivity serves as an enabler to unlock the digital ecosystem for new market opportunities… Thaicom’s IPSTAR helps us to connect users in remote and underserved areas of Indonesia cost-effectively. We are confident that the partnership will enable us to continue to grow our business faster without infrastructure limitations.”

    IPSTAR-1, also known as THAICOM-4, was the first HTS satellite launched worldwide in 2005, with a capacity of 45Gbps. It includes 87 Ku-band transponders and 10 Ka-band transponders.

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  • Chopard Malaysia reopens Suria KLCC store

    Chopard Malaysia reopens Suria KLCC store

    Chopard Malaysia has reopened its store in Kuala Lumpur, showcasing a refurbished space in Suria KLCC.

    Located on the ground floor of the shopping mall, the boutique is one of three Malaysian stores for the high-end Swiss jeweller, with the other two located in the Starhill Gallery and Pavilion KL.

    Upon entry, a display island sits in the centre of the boutique, crowned by a chandelier, hanging over the cabinet. The new store, which features mid-century wooden colours and diamond-y white lights, is sectioned by both men’s and women’s corners of the store.

    The updated store returns with Chopard’s classic pieces such as Happy Diamonds and Happy Sport, featured alongside the newest Chopard collections, Happy Dreams. The latter is a classy interpretation of cloud shapes, accentuated with diamonds and mother-of-pearl.

    His Excellency the Ambassador of Switzerland Michael Winzap attended the store reopening, alongside Francis Tan, COO of Suria KLCC, and Chopard Malaysia’s general manager Karen Teh.

    Suria KLCC is Malaysia’s premier shopping destination located at Kuala Lumpur prestigious commercial address, the Kuala Lumpur City Centre (KLCC). Set over six levels, it offers an array of goods and services including fashion, food and entertainment.

    Chopard was founded some 160 years ago and remains as one of the last jewellery and watchmakers to be family owned. It is currently helmed by siblings and co-presidents Karl-Friedrich and Caroline Scheufele.

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  • DHL launches e-commerce services in Malaysia

    DHL launches e-commerce services in Malaysia

    DHL e-Commerce has launched its domestic delivery operations in Malaysia, as online shopping gets set to grow rapidly in the Asian nation.

    The investment, from the German-based division of global logistics company Deutsche Post DHL Group, includes a 48,000-square foot distribution centre in Puchong, depots in other critical urban areas such as Penang, Johor Bahru, Cheras and Puchong, and a fleet of 2-wheel and 4-wheel vehicles.

    According to a press release, DHL’s end-to-end domestic delivery solutions will offer pick-up services, track and trace, reverse logistics, cash on delivery with daily remittance and call centre capabilities for deliveries within Malaysia. DHL aims to provide timely delivery and predictive, secure delivery, it said in a statement.

    “E-commerce has become a way of life for Malaysians, with 47% already using their smartphones to shop online,” said Malcolm Monteiro, CEO, Asia Pacific, DHL e-Commerce.

    “Approximately 7 million are already shopping online every month, and with the industry expected to grow to €1bn by 2020 in Malaysia and globally to $1trn in the same year, businesses need high-quality logistics solutions to leverage this immense growth and meet the rapidly changing needs of online shoppers. This makes the need for a tailored e-commerce delivery service greater than ever before.”

    The Malaysian government has more recently been driving e-commerce growth through schemes such as the National E-commerce Strategic Roadmap and the new Digital Free Trade Zone, added Monteiro.
    “Logistics is a key component of this ecosystem, and e-commerce is a vital component of the growth agenda, so we will continue to invest in e-commerce here and worldwide,” he said.

    The Malaysia debut comes as DHL continues to expand its reach in Asia. In March, the company opened a new Fulfillment Centre in Hong Kong, adding to its global fulfillment network in U.S, Mexico, India, Europe and Australia.

    Elsewhere, in December 2016, the firm launched DHL Express Thailand, in a bid to capitalise on the nation’s growing e-commerce business.

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  • More AirAsia flights take off from secondary hub

    More AirAsia flights take off from secondary hub

    AirAsia has unveiled more domestic routes from its secondary hubs in Malaysia as well as several new connections to China and India launching this year.

    The Malaysian LCC commenced a Kuala Lumpur-Bhubaneswar (India) flight on April 26, the first international airline to fly into the east Indian city and capital of Odisha, which Malaysian agents expect to spur FIT demand.

    “Prior to the opening of this route, travellers from Bhubaneswar and surrounding areas would have to take flights from Chennai, Mumbai or Kolkata to travel to Malaysia,” A Aruldas, managing director of Tourland Travel, said. “The new flights are also timely with Malaysia’s relaxation of the visa facility for Indian tourists.”

    Come August 9, AirAsia will begin a thrice-weekly service connecting Langkawi to Shenzhen for the first time and four-times weekly flights between Langkawi and Kuching that same day.

    Other new domestic routes include the inaugural Johor Bahru-Langkawi service launched since April 28, in addition to the upcoming Johor Bahru-Kuala Terengganu flights commencing June 22.

  • AirAsia to launch daily flights between Bhubaneswar and Kuala Lumpur soon

    After the successful launch of first direct international flight operation between Bhubaneswar and Kuala Lumpur, AirAsia on Thursday announced to start daily flights between the two destinations soon. The Malaysia-based low-cost airlines will also start flights to enhance domestic connectivity between Bhubaneswar and other Indian cities, said CEO of the airlines, Aireen Omar.

    “We are really overwhelmed with the response we got for launching operations in this latest exclusive direct route between Bhubaneswar and Kuala Lumpur. If the response will continue then we may soon enhance the frequency from four times in a week to daily,” Omar said media persons here. The direct flight will facilitate business and leisure trips not only to Malaysia, but seamlessly connect Odisha with 21 destinations in Asia and over 120 destinations in 24 countries across South East Asia.

    “As a group, India is an important market for us and with the launch of this new route, we show our commitment towards enhancing our connectivity in the country. AirAsia India will soon start domestic flights to increase connectivity between Bhubaneswar with other Indian cities,” she said.

    The airline has also plans to start operation between Bhubaneswar and Bangkok soon, official sources said. “Since we started booking passengers have booked tickets from countries including Singapore, Thailand, Philippines, Indonesia, Vietnam, Australia and New Zealand. In view of the trend we may start direct flights to more destinations from Bhubaneswar,” she said. Describing the tie-up with Odisha government as the beginning of a strategic partnership, she said “Odisha has so much to offer as a tourist destination.

    Our aim is to showcase the unique state to the world and we are committed to build Odisha as a top holiday destination. With AirAsia group’s everyday low fares will be the catalyst in realizing the local market here further enhancing socio-economic developments in the region.”

     Earlier in the day a team of delegates including Malaysia High Commissioner in Malaysia Dato’ Hidayat Abdul Hamid, senior director Tourism Malaysia Datuk Zainuddin had visited the chief minister Naveen Patnaik. “The flight service will certainly enhance the ties between the two countries. We have a long history of cultural and trade ties and th ese relations will go stronger by the day,” said Dato’ Hidayat Abdul Hamid. her tourism minister Ashok Chandra Panda, tourism secretary Arti Ahuja, tourism director Nitin Jawale and other dignitaries were present on the occasion.
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  • DHL launches domestic delivery service with nationwide coverage in Malaysia

    DHL launches domestic delivery service with nationwide coverage in Malaysia

    HL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, has launched its domestic delivery operations in Malaysia with a range of customer-centric services catered to Malaysia’s growing e-commerce market. Malaysian online retailers will also benefit from DHL’s range of cross-border shipping solutions and network of fulfillment centers globally to enable their international expansion. This will further accelerate the e-commerce market in Malaysia which is expected to grow at CAGR of 15.8% to EUR 1 bn by 2020, largely fuelled by recent initiatives such as the National E-commerce Strategic Roadmap, Digital Free Trade Zone and Economic Transformation Program.

    “E-commerce has become a way of life for Malaysians, with 47% already using their smartphones to shop online,” said Malcolm Monteiro, CEO, Asia Pacific, DHL eCommerce. “Approximately 7 million are already shopping online every month, and with the industry expected to grow to EUR 1 bn by 2020 in Malaysia and globally to US$1 trillion[4] in the same year, businesses need high-quality logistics solutions to leverage this immense growth and meet the rapidly changing needs of online shoppers. This makes the need for a tailored e-commerce delivery service greater than ever before.”

    The investment in Malaysia includes a 48,000 sq ft central distribution hub in Puchong as well as depots in Penang, Johor Bahru, Cheras and Puchong and a fleet of 2-wheel and 4-wheel vehicles. The fleet of vehicles will provide next-day delivery to all urban areas in Klang Valley, Penang and Johor Bahru, and two to four day delivery to all other locations across West Malaysia and East Malaysia.

    DHL eCommerce’s end-to-end domestic delivery solutions will offer pick-up services, track and trace, reverse logistics, cash on delivery with daily remittance and call center capabilities for deliveries within Malaysia. It aims to provide best-in-class domestic delivery with quick, predictive and secure delivery.

  • Malaysia Airlines offers to lease A330s from Alitalia

    Malaysia Airlines offers to lease A330s from Alitalia

    Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier’s chief executive told on Wednesday.

    Alitalia is preparing for special administration proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making airline to secure funds to keep its aircraft flying. Workers are hoping the Italian government will step in with an alternative rescue deal.

    Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew told in Dubai.

    An Alitalia spokesman declined to comment.

    Malaysia Airlines is emerging from a turnaround after twin tragedies since 2014, when flight MH370 disappeared in what remains a mystery, and flight MH17 was shot down over eastern Ukraine.

    Its load factors – or how full its planes are – averaged around 80% in the three months to March 31, Bellew said.

    Malaysia Airlines wants to lease between six and eight A330s or Boeing 777s for use from 2018 and a further seven to nine for 2019, he said.

    This is an increase on the six for 2018 and six for 2019 he told last month he was interested in.

    “The world really is awash right now” with large aircraft, Bellew said. “There are really good deals out there at the moment. It’s a buyer’s market right now.”

    Bellew also said he planned to make a decision on an order for 30-35 new Airbus A330neo or Boeing 787-9 widebody planes in the next four to six months to replace its A330s from the end of 2019.

    “If the prices are good … we will do an order,” he said. “But if the price isn’t right, we won’t do it.”

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  • Malaysia’s DFI generates near 25% profit in FY2017

    Malaysia’s DFI generates near 25% profit in FY2017

    Duty Free International Limited (DFI), the largest multi-channel duty-free and duty-paid retail group in Malaysia, in which Gebr Heinemann holds a 10% stake, has announced net profit after tax increased 24.8% to RM77m ($17.7m) from RM61.7m for the financial year ended February 28 2017 (FY2017).

     

    DFI’s parent company DFZ Capital Berhard entered into a joint-venture with Heinemann Asia Pacific in June 2016 with two seats on the board of directors – Max Heinemann and Marvin von Plato. DFI operates more than 40 retail outlets in Malaysia, on the border to Thailand and Singapore as well as duty-free shops in airports.

    DFI ended the fourth quarter (Q4) of FY2017 with revenue down slightly by 7.4% to RM150m compared to RM162m the previous year.

    The decrease was mainly due to a slowdown in tourism traffic to and from Thailand following the flood in Southern Thailand during the quarter and the after effects of the demise of Thai King Bhumibol in October 2016, as well as the imposition of a Goods and Services Tax at border outlets and duty-free zones with effect from 1 January 2017. On a full year basis, the Group reported an increase of 4.6% in revenue to RM632.6m for FY2017, from RM604.5m in FY2016.

    The profit before income tax in Q4, RM25.1m, was RM3.6m lower compared to RM28.7m in the same period in 2016 due to a decrease in revenue as mentioned above, coupled with an increase in management fee and lower reversal of inventories written down in the current quarter.

    On a full year basis, the Group reported an increase of 15.7% in profit before income tax to RM97.8m for FY2017, from RM84.5m in FY2016. The increase was mainly due to the overall increase in revenue and an increase in net foreign exchange gain of RM9.9m compared to the net foreign exchange loss of RM7m in FY2016. There was a recognition of gain arising from changes in the fair value of options amounting to RM4m, as well as lower professional fees incurred by RM1.6m in FY2017 when compared to FY2016.

    The above mentioned however, was partially offset by higher rental expenses and higher employee benefits expenses for FY2017.

    DFI executive director Lee Sze Siang commented on the FY2017 results: “We continue to face the challenges of the current economy and the volatility of the USD-Ringgit exchange rate, as well as the impact of unforeseen occurrences of the flood in Southern Thailand and effects of the demise of Thai King Bhumibol. Nevertheless, we have already started the process of improving our business operations, enhancing our merchandise mix and revamping our outlets. As we continue to focus on improving our operational efficiency and better managing our costs, we are confident of overcoming the challenging and competitive business environment.”

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  • Maybank anticipates 35% rise in 2017 retail SME financing

    Maybank anticipates 35% rise in 2017 retail SME financing

    Malayan Banking Bhd is anticipating financing to the retail small and medium enterprise (SME) segment to jump 35% this year — compared with 27% last year — which will up the segment’s loan portfolio to RM16.8 billion by year end.

    The growth is expected to be driven by business property-based loans, portfolio guarantee (PG), trade finance, commercial cards, micro credit and SME deposits, said Maybank’s community financial services (CFS) head in Malaysia, Datuk Hamirullah Boorhan, in a statement today.

    This retail SME segment typically comprise businesses with turnover of RM25 million and below, and is a key component to the banking group’s CFS portfolio, said Hamirullah.

    Some 61% of the segment’s financing last year comprised Islamic financing, with the remainder made up by conventional loans.

    To support the segment’s growth, Maybank is raising its number of seminars under its ‘Building Capacity & Capability’ Programme, which is now in its 3rd year, to 15 seminars in 2017, compared with just eight seminars last year.

    The programme is aimed at enabling retail SMEs to better understand the banking facilities available to them and how they can leverage on these services to grow their businesses, said Maybank.

    “The half day sessions are jointly hosted by industry experts, as well as financial advisors from Maybank who provide insight into traditional banking products, as well as new opportunities available through online and digital platforms.

    “Participants [will] also benefit from business insights and financial tips shared by renowned speakers, as well as joint business networking sessions with other SMEs and field experts,” the statement read.

    “Given our wealth of experience in serving this segment, we are confident that we can help the retail SME segment run their businesses more effectively, manage their cash flows better and leverage new-age technology to take their businesses to the next level,” said Hamirullah.

    This year, Maybank is roping in local market expert Aladdin Street.Com to share on the impact of e-commerce and globalisation, while Credit Guarantee Corporation Malaysia (CGC) will also be present to provide direct assistance to participants.

    “With the wealth of opportunities expected from the implementation of the Digital Free Trade Zone, we want to ensure that local SMEs are sufficiently equipped with knowledge and resources to benefit from the expected boost in e-commerce growth in Malaysia,” said Hamirullah.

    “Our BCC programme will cover 15 sub-urban locations nationwide over the next six months and reach out to more than 1,200 entrepreneurs,” he said.

    “We will also include informative knowledge sharing sessions such as on the e-Commerce halal marketplace, M2uPay solution, access to CGC financing and portfolio guarantee, as well as marketing and branding tips,” he added.

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  • Malaysians spending up online, says iPay88

    Malaysians spending up online, says iPay88

    Despite a sluggish economy, Malaysians are buying online more than ever, according to payment service provider iPay88.

    A subsidiary of Japanese company NTT Data, iPay88 claims to cover 70 per cent of Malaysia’s e-commerce market. It recorded 38.2 million online transactions via its payment gateway systems last year, a leap of 161 per cent from 14.6 million in 2015.

    Executive director Lim Kok Hing says e-commerce and online purchases soared by 210 per cent last year, mainly because of convenience and the ability to find better deals online.

    Transactional data from iPay88 shows that the volume of marketplace shopping for the first quarter of this year grew by 293 per cent, with purchases mainly being online games, ticketing, and fashion and apparel.

    While the type of goods being bought online have not changed, people are spending more online. Main purchases include apparel and footwear (RM25.3 million, or US$5.7 million), accessories and jewellery (RM5.1 million), and electronics and sports equipment (RM3.3 million).

    An interesting trend noted by iPay88 is that online shopping spikes during week days, with the two daily peak times being 11am to 3pm, and 7pm to 11pm. The most popular days for shopping are Wednesdays, Thursdays and Fridays.

    Set up in 2006 and headquartered in Kuala Lumpur, iPay88 has also established a presence in Indonesia, Singapore, Thailand, the Philippines and Vietnam.

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  • Tesco Thailand growth stalls

    Tesco Thailand growth stalls

    Tesco Thailand like-for-like sales are growing “strongly” according to the UK parent’s preliminary results released Thursday.

    Asian commentary took up a very small part of the larger company’s announcement, however the figures showed a dramatic slowdown in sales growth during the second half of the year to February 25, compared with the first half.

    Combined Thailand and Malaysian sales rose 3.3 per cent and 3 per cent respectively in the first two quarters, but plunged to a growth of just 0.4 per cent and 0.5 per cent in the third and fourth quarters. Third quarter sales were affected by Thais mourning the passing of the King in October together with a flat economy in Malaysia. The quarters also compared against strong growth period the preceding year.

    By half-year, Asian sales grew by 3.2 per cent and 0.4 per cent, giving a full-year growth rate of 1.8 per cent.

    Of Thailand, Tesco CEO David Lewis said like-for-like sales grew strongly in Thailand as the company invested in both lowering prices and improving its fresh food proposition.

    “We grew market share and were pleased to retain our number one position for customers for brand and trust,” he said.

    In Malaysia, Tesco’s top-line sales growth was held back by weak consumer spending across the market and a trend away from large stores towards convenience shopping, where the retailer is currently under-represented.

    Total international sales grew by 2.1 per cent at constant exchange rates, including a 0.8 per cent new-store contribution driven by store openings in Thailand which more than offset the impact of store closures, primarily in Europe.

    “International sales growth weakened in the second half due to an increasingly competitive environment in Europe, particularly Poland, and as we annualised a strong performance last year in Asia.”

    Global success

    Tesco’s global group sales rose 4.3 per cent to £49.9 billion, while in the UK like-for-like sales rose 0.9 per cent – the first reported full-year growth since 2009/10.

    The company ended the year with net debt of £3.7 billion, down 27 per cent after £1.9 billion of debt was repaid during the year.

    Lewis says the company is well on track with its reformation program.

    “We are ahead of where we expected to be at this stage, having made good progress on all six of the strategic drivers we shared in October. We are confident that we can build on this strong performance in the year ahead, making further progress towards our medium-term ambitions.

    “Today, our prices are lower, our range is simpler and our service and availability have never been better. Our exclusive fresh food brands have strengthened our value proposition and our food quality perception is at its highest level for five years. At the same time, we have increased profits, generated more cash and significantly reduced debt,” Lewis concluded.

  • Malaysia Airlines Signs the First-Ever Deal to Track Its Fleet From Space

    Malaysia Airlines Signs the First-Ever Deal to Track Its Fleet From Space

    Malaysia Airlines has become the first airline to sign a deal for space-based monitoring of its aircraft’s flightpaths. It’s a coup for the carrier, which is still reeling from the loss of the missing MH370 three years ago.

    The agreement, signed with three aerospace companies—Aireon, SITAONAIR, and FlightAware—will allow Malaysia Airlines to track its flights via satellite as they cross remote oceans, pass over polar regions, or travel anywhere else in the world, citing a press release from Aireon.

    Malaysia Airlines Chief Operating Officer Izham Ismail said in the release: “Real-time global aircraft tracking has long been a goal of the aviation community. We are proud to be the first airline to adopt this solution.”

    The location of most international-bound planes can already be monitored via a type of signal periodically broadcast from the aircraft called ADS-B (Automatic Dependent Surveillance Broadcast). These signals can be received by air traffic control ground stations and by other aircraft. They can also be tracked from space. Aireon, which is launching a new satellite network with a company called Iridium Communications, expects to complete its space-based monitoring system in 2018.

    However, it is unclear that such a network would have been able to track Malaysia Airline’s Flight 370, which disappeared with 239 people aboard on March 8, 2014. Because the plane’s location transmission system went dead, the signals that would have been received by a satellite network would not have been broadcast, Bloomberg reports.

    Although debris from MH370 has washed up onto African beaches and islands in the Indian Ocean, the main wreckage was never found.

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  • Domino’s Poised for Global Expansion, Opens 14000th Store

    Domino’s Poised for Global Expansion, Opens 14000th Store

    Domino’s Pizza, the recognized world leader in pizza delivery, is celebrating the grand opening of its 14,000th store in in Cyberjaya, Malaysia, outside of the nation’s capital of Kuala Lumpur.

    “It was just eight months ago that we cut the ribbon on our 13,000th store and here we are already celebrating another milestone – our 14,000th store,” said Patrick Doyle, Domino’s president and CEO. “Last year we were opening, on average, a new Domino’s store every seven hours. Our global growth has been tremendous. The story of our brand is clearly one of incredible momentum and brand resonance worldwide.”

    The new store is also a milestone for the Malaysian market, as it marks their 200th store opening. It is also the 3,500th Domino’s store in the Asia-Pacific region. The master franchisee for the market, Dommal Food Services Sdn. Bhd., opened the first store in Malaysia in 1997 and has successfully made Domino’s one of the most recognized brands in the country.

    Domino’s 14,000th store features the pizza theater store design, which is open concept and brings the art and fun of pizza making to the forefront. It features indoor seating and allows customers to watch their pizzas being made, each step of the way. The milestone store is in the innovation hub of Malaysia, Cyberjaya, as technology is a central focus of the brand in Malaysia.

    “We have been building beautiful new stores around world at an impressive pace, thanks to the hard work, commitment and passion of our franchisees worldwide,” said Richard Allison, president of Domino’s International. “Our goal to become the No. 1 pizza company in the world – with the best customer service, serving high quality food, with inviting stores and leading technology – is being executed every day in countries like Malaysia and around world.”

    Domino’s operates in over 85 markets worldwide. Domino’s had global retail sales of nearly $10.9 billion in 2016, with more than $5.3 billion in the U.S. and more than $5.5 billion internationally.

  • Samsung offers RM200 rebate on Galaxy J5, J7 for smartphone trade-ins

    Samsung offers RM200 rebate on Galaxy J5, J7 for smartphone trade-ins

    South Korean electronics giant Samsung is offering a RM200 rebate for customers who trade in their old smartphones for its Galaxy J5 Prime, or Galaxy J7 Prime. Samsung Malaysia Electronics said that with the rebate, via the trading-in of smartphones of any brand which is in working condition (the company said the trade-ins do not have to be in perfect form), customers can purchase the Galaxy J5 Prime and the Galaxy J7 Prime for RM699 (retail price: RM899) and RM999 (retail price: RM1,199), respectively.

    The company said that the month-long offer is valid from tomorrow until May 21, 2017, at any participating outlet and Samsung Experience Stores.

    Samsung Malaysia Electronics vice president for IT & Mobile Business unit, Lee Jui Siang, said that the company wants consumers to discover experiences that the company’s mobile phones bring to the table today.

    “This is a golden opportunity for them to expand their mobile experience further. The Galaxy J5 Prime and J7 Prime are great devices coming from the diverse Galaxy J family.

    “Simultaneously, we are encouraging consumers today to responsibly discard their used mobile phones in the most environmentally-safe way possible,” he said in a media statement today.

    Calling the two models “the best smartphones to take ‘wefies’ with”, the company said that the two models feature 13MP rear cameras, with an f1.9 aperture lens for bright images, even in low-light settings.

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