KUALA LUMPUR, June 28 (Bernama) -- Malaysia Airlines frequent flyer programme, Enrich, is offering members double the miles for their travel to Australia.
In a statement, Malaysia Airlines said the offer period ends on July 7 and members can start travelling from July 1-Sept 30.
Malaysia Airlines' Head of Enrich & Loyalty Khairul Nisa Ismail said members can also fly direct to their destinations without the worry of long layovers.
"They can take this opportunity to experience our new lie-flat A330 Business Class seat to Sydney, designed for work, play and sleep.
"For a truly rewarding experience, members can also earn double miles when they book on Agoda Pointsmax during this period," Khairul Nisa said.
Tourism Australia's Regional General Manager, South/Southeast Asia & The Gulf, Michael Newcombe said:"We hope Enrich members will take this opportunity to visit Australia during the winter season and enjoy a variety of seasonal experiences."
Enrich encouraged non-Enrich members to sign up for free and enjoy the loyalty programme
Kota Kinabalu: NDL Realty is Melbourne Australia's, first real estate agency specialising in serving the needs of foreign investors, which was why the renowned company made its presence known in Kota Kinabalu last weekend marketing Melbourne's Volaire Apartments.
"We have a robust platform which caters and meets all the guidelines a foreign investor seeks in a Property Manager," said Director Dih Luh Ng, who is the Officer in Effective Control of NDL Realty based at 353 Docklands Drive, Docklands, Melbourne VIC, 3008 Australia.
"Our passionate and dedicated team understands that as a foreign investor, it may sometimes be challenging to own an investment property outside your own home country. We therefore work with you to offer a personal approach and a tailored service guaranteeing you that your property is in the best hands so you will never have to worry about it.
"To ensure your confidence in our services, NDL Realty has adopted and rigidly follows a recognised Best Practice system of property management. We have developed a robust platform which caters and meets all the guidelines a foreign investor seeks in a property manager.
"We pride ourselves in the 100 per cent principal and director involvement in your investment property.
This allows you to experience the highest level of service as well as professional integrity at all times.
We believe exceptional property management equals confidence for property investors."
As Melbourne's fastest growing independent boutique real estate agency, servicing throughout all suburbs of Melbourne, NDL Realty understands that any property is an important asset to owners.
"Hence, being an innovative independent agency that pride itself in tailored exceptional service, personal and caring property management service as well as transparent approach, NDL Realty brings a differential experience to their clients offering an impeccable service while guaranteeing a truly unique and simple property investment experience.
The focus is to build long term relationship and provide clients with a peace of mind in their property investment journey.
"We understand that each client has special needs and deserves personal attention in an ever-changing, complex real estate market. As such, we have developed a robust platform which caters and meets all the guidelines a foreign investor seeks in an agency. We offer a personal approach and tailored service guaranteeing service excellence is constantly achieved to ensure a hassle-free experience."
"Our mission is to go above and beyond the industry norm to provide you with value-laden service.
We provide our clients with the attention and detail that franchise agencies or larger networks simply cannot offer.
"We pride ourselves on our service dedication and continuously offering the best service to all our clients.
With this, we are able to strongly build our reputation and business on referrals.
"As a multi-lingual team, our extensive experience in the field has afforded us skills set to building long term trust and relationship with all our clients. So, whether you are in need of a partner to manage your asset or a great place to live, we invite you to learn more about the high-quality, personalised service NDL Realty has to offer.
"We believe in building long term trust with all our clients. NDL Realty specialises in residential leasing and property management, commercial leasing and property management, specific off-the-plan sales, conducting pre-settlement inspections. We have a robust platform which caters and meets all the guidelines a foreign investor seeks in a Property Manager," Dih Luh Ng said.
NDL Realty takes pride in giving foreign investors transparent and very affordable fees.
Developer plans to build mixed development project with RM1.9bil GDV
KUALA LUMPUR: SP Setia Bhd has bought a 1.02-acre site in Melbourne – the largest east-end Central Business District (CBD) development site in the city to be sold in over a decade – where it will undertake a mixed development project with an estimated gross development value (GDV) of A$640mil (RM1.91bil).
The property developer told Bursa Malaysia that it had secured its fifth site in Australia, 308 Exhibition Street, in “a highly competitive International Expression of Interest bidding exercise” from Australian telecommunications company Telstra Corp Ltd.
Its Australian property development arm Setia (Melbourne) Development Co Pty Ltd has inked a conditional agreement to acquire the freehold land opposite the Carlton Gardens for A$101mil (RM300.96mil).
SP Setia president and chief executive officer Datuk Khor Chap Jen said that once transformed by the company, the site would be the epicentre of Melbourne CBD’s cultural, commercial, education and city garden hubs.
“This development will boast a combination of multi-level retail, prime A-grade office space and luxurious apartment towers and will set a new precedent for premiere developments across Melbourne and revolutionise its urban landscapes,” he said in a statement.
SP Setia proposed to redevelop the land into two residential towers comprising up to 800 residential units with a retail podium space.
The development is slated to be launched in the second half of next year.
As of Dec 31, 2015, the SP Setia group has 27 ongoing projects, with an effective stake of 3,907 acres in undeveloped land bank remaining and RM70.6bil in GDV.
Setia Melbourne has undertaken two successful condominium projects in Melbourne (Parque and Fulton Lane).
It is currently undertaking planning for another two niche development projects in Prahran and Carnagie, both of which are also located in Melbourne.
SUBANG JAYA: Ericsson (Malaysia) Sdn Bhd expects LTE subscription in Malaysia to increase from the current 21 per cent to 61 per cent by 2021. This, according to Ericsson Malaysia and Sri Lanka's president Todd Ashton, is in line with the group's findings in the latest edition of the Ericsson Mobility Report. "LTE subscription will continue to grow in the Southeast Asia (SEA) and Oceania region and is expected to reach 100 million LTE subscriptions in this year alone," he told reporters at a media briefing held today. "Malaysia, Australia, Singapore, Indonesia, the Philippines and Thailand are among the countries in the region that are rolling out LTE and continuing to improve coverage. In fact, Malaysia is expected to hit 61 per cent LTE subscription by 2021, from the current 21 per cent." Ashton noted as well that by 2019; LTE will be the dominant mobile access technology in Malaysia as well as globally. The report also expects Malaysia to double its smartphone subscription penetration rate from 25 million currently to more than 40 million by 2021. There are currently five billion unique mobile subscribers globally.
Source: News Straits Times Online
HERBAL products distributor Hai-O Enterprise Bhd has signed an exclusive marketing agreement with Dalton Pharmaceuticals Corporation to distribute the latter’s Sornado teabags.
Signing on behalf of Hai-O was group managing director Tan Keng Kang and Asian regional manager Eddie Chen signed for Dalton Pharmaceuticals.
Present to witness the occasion were Australian High Commission economic counsellor Reuben Foong and Hai-O general manager Tan Kee Hock.
“The irregular eating habits and unhealthy lifestyle of Malaysians cause an increase in uric acid in the body, which leads to health problems such as heart attack, stroke and high blood pressure,” said Keng Kang.
“We agreed to distribute Sornado tea because it contains a natural herb indigenous to Australia and which has anti-oxidant properties,” he added.
Chen believes the relationship benefits both parties as Hai-O has rich market experience while Dalton Group’s strength is in research and development.
Foong agreed that there could be no better partner for Dalton than Hai-O Enterprise, a pioneer organisation that has the most comprehensive distribution network for herbal health products in Malaysia.”
“The Malaysia-Australia relationship has strong links in many areas including business, education, events, security and government.
“This event is one of the contributions to strengthen the bond between Malaysia and Australia,” he added.
Source: The Star Online
Altech Chemicals Ltd (ASX:ATC) has secured MAA Group Berhad (MAAG) as a cornerstone investor.
MAAG will subscribe for $1 million of Altech at $0.086 per share, (March 2016 placement shares).
MAAG is a Malaysian publicly listed insurance, investment, credit and finance group with total assets of RM1.45 billion and annual turnover of RM484 million.
Altech agreed with MAAG for participation in the in March 2016 share placement, but its participation was subject to the completion by MAAG of internal governance requirements and due diligence processes, all of which have now been satisfied.
Iggy Tan, managing director for Altech, commented:
“We are very excited to have a cornerstone investor with the pedigree of MAAG join our register.
"Altech continues to be most appreciative of the support for the company and its HPA project by Tunku Ya’acob bin Tunku Tan Sri Abdullah and his associated companies."
MAAG will now hold around 6% of Altech.
NORTHRIDGE, CA and PERTH, AUSTRALIA and CAMBRIDGE, UNITED KINGDOM--(Marketwired - Jun 7, 2016) - Avita Medical Limited (ASX: AVH) (OTCQX: AVMXY) has furthered its expansion into the Asian market with the appointment of a specialized wound care distributor for its products in Malaysia.
The Company said it had concluded a deal with Mintcare, which specialises in the distribution of wound care products throughout the Asia-Pacific region. Avita Medical said Mintcare would first focus on Malaysia in its marketing of Avita's regenerative medical devices for burns, wounds and skin conditions. Mintcare has a 4-person sales force in the South-east Asian country, where vitiligo alone is reported to affect an estimated 450,000 people1, chronic wounds some 180,0002 patients, and large burns annually leave about 1,2003 Malaysians hospitalized.
Avita Medical's ReCell® technology works through the rapid delivery of viable cells harvested from a piece of the patient's own skin and is administered by spraying the cells onto the affected area to trigger healing. ReCell® will be launched at an international wound care conference in Sabah, Malaysia in August. Singapore-based Mintcare also has commercial presence in Hong Kong, Indonesia, Philippines, Sri Lanka, Thailand, and Vietnam, and its range includes wound care products that complement Avita's offering.
"The addition of ReCell to the Mintcare product portfolio brings great synergistic opportunities," said Mintcare Director Lamine Guendil. "Mintcare has successfully developed a distribution network in South East Asia specifically in the chronic wound care field, primarily targeting diabetic foot ulcers and venous leg ulcers with topical oxygen therapy. We're confident our many years of experience in this industry and our in-depth knowledge of the local environment and culture, will deliver success to ReCell® in Malaysia."
Avita Medical's CEO, Adam Kelliher, said the deal in Malaysia was another milestone in the Company's strategy to roll-out its regenerative medical devices in key Asian markets. In recent months, the Company has announced distribution agreements with parties in China, Japan and South Korea, and it has been active in Taiwan, where it donated devices following a mass casualty event last summer in a waterpark that left some 500 people burned.
"The deal with Mintcare will give Avita Medical an active presence to deliver our innovative treatments to Malaysia, a market of 30 million people, and further underscores the significance of the broader Asian healthcare market for our company," Kelliher said. "We will keep developing our distributor network in the region so that we are well-placed to address the significant commercial opportunities in Avita."
ABOUT RECELL® AND RES™ReCell® is Avita Medical's unique proprietary technology that enables a clinician to rapidly create, at point of care in approximately 30 minutes, Regenerative Epithelial Suspension (RES™) using a small sample of the patient's skin. RES™ is an autologous suspension comprising the cells and wound healing factors necessary to regenerate natural, healthy skin. RES™ has a broad range of applications and can be used to restart healing in unresponsive wounds, to repair burns using less donor skin, yet with improved functional and aesthetic outcomes, and to restore pigmentation and improve cosmesis of damaged skin.
ABOUT AVITA MEDICAL LTDAvita Medical develops and distributes regenerative products for the treatment of a broad range of wounds, scars and skin defects. Avita's patented and proprietary collection and application technology provides innovative treatment solutions derived from a patient's own skin. The company's lead product, ReCell®, is used in the treatment of a wide variety of burns, plastic, reconstructive and cosmetic procedures. ReCell® is patented, CE‐marked for Europe, TGA‐registered in Australia, and CFDA‐cleared in China. In the United States, ReCell® is an investigational device limited by federal law to investigational use. To learn more, visitwww.avitamedical.com.
1 Su-ming Wong et al, 2009
2 Frost & Sullivan market analysis, 2011
3 Tam Song et al, 2015
FOR FURTHER INFORMATION
Avita Medical LtdAdam Kelliher
Chief Executive Officer
Phone: +44 (0) 1763 269 772
Avita Medical LtdTim Rooney
Chief Financial Officer
Phone: + 1 (818) 356-9400
Avita Medical LtdGabriel Chiappini
Phone +61(0) 8 9474 7738
Instinctif PartnersGemma Howe/Sue Charles
Phone +44 (0)20 7866 7860
The Ruth GroupDavid Burke, Investor Relations
Kirsten Thomas, Public Relations
Phone: +1 (646) 536-7009 / +1 (508) 280-6592
Monsoon CommunicationsDean Felton
Investor Relations / PR
Phone: +61 3 9620 3333
Mobile: +61 (0) 411 698 499
Source: Yahoo News
SYDNEY: Australia’s central bank held interest rates steady at the all-time low of 1.75 percent Tuesday following strong growth figures, while keeping an eye on low inflation.
The Reserve Bank of Australia cut the official cash rate from 2.0 percent last month to spur the economy, but gave little indication of further easing in a statement Tuesday.
“The Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and inflation returning to target over time,” Governor Glenn Stevens said.
Lower-than-expected inflation prompted the central bank to make its first rate cut in a year last month, a move seen as keeping a lid on further appreciation in the Australian dollar.
The central bank said Tuesday inflation remained “quite low” and was expected to stay that way for some time given subdued growth in labour costs and low cost pressures elsewhere in the world.
The currency rose on the news, climbing from 73.70 US cents a few minutes before the announcement to 74.22 US cents soon after.
Australia is enjoying growth which outstrips some of the world’s most advanced economies, and last week defied market forecasts by reporting an annual year-on-year reading of 3.1 percent in the first quarter on the back of strong exports.
The RBA said Tuesday that lower interest rates had supported domestic demand and were helping trade — factors which were assisting the economy to make needed adjustments as it exits a mining investment boom.
Stevens said recent data suggested overall growth was continuing despite a large decline in business investment, but noted room for optimism in areas outside exports.
“Other areas of domestic demand, as well as exports, have been expanding at a pace at or above trend,” he said.
“Labour market indicators have been more mixed of late, but are consistent with continued expansion of employment in the near term.”
Economists had widely expected rates to stay on hold after last month’s cut, potentially until the next inflation data due in late July.
“The RBA were never going to cut the cash rate today, but there was always a strong possibility of a clearer easing bias in the last paragraph,” chief market strategist at IG Chris Weston said, referring to the bank’s monetary statement.
“That hasn’t occurred and the RBA have delivered a statement that is fairly dull, uneventful and could give some renewed belief to Australian dollar bulls.”
Source: FMT News
Japan’s Kawasaki Kisen Kaisha (K Line) has formed a joint venture company owning a Malaysian-flag panamax vessel with Halim Mazmin Group (HMG) in order to participate in a tender for long-term contract with TNB Fuel Services Sdn Bhd (TNBF), and a subsidiary company of HMG has signed one long-term consecutive voyage charter contract with TNBF. TNBF has signed five long-term contracts with four Malaysian shipping companies in this tender.
The co-owned panamax vessel will transport 1.5m tons of steaming coal per year from Indonesia or South Africa or Australia to Malaysia consecutively for 10 years from September of 2016.
Tenaga Nasional Berhad (TNB) is the largest power utility company in Malaysia and has its total generating capacity of about 11,000 mW which is one of the largest generation capacity in Southeast Asia.
TNBF is a subsidiary of TNB and supplies coal and fuel to the TNB Generation.
HMG is a group of companies operating ship owning, flight training academy, maritime university and tourism established by Tan Sri Halim Mohammad.
Source: Splash 247 - Global Maritime and Shipping News
BEIJING (Scrap Monster): The ferrous scrap imports by Malaysia dropped significantly during the initial two-month period of the current year. This is in accordance with the data published by the Malaysian Department of Statistics. The imports during the month of February alone have dropped by almost one-fourth from the previous month. The imports had almost halved in January this year when matched with the month before that.
Jan-Feb ’16 imports
The ferrous scrap imports by Malaysia during Jan-Feb ’16 totaled 29,634 tonnes. The imports have dropped sharply by 69.7% when compared with the same period in 2015. Malaysia’s ferrous scrap imports had totaled 97,800 tons during the corresponding two-month period in 2015.
The largest exporter of ferrous scrap to Malaysia was Singapore. The imports from Singapore totaled 11,947 tons, accounting for 40.3% share of the total imports by Malaysia during this period. The imports from Singapore dropped heavily by 71.2% year-on-year. The imports had totaled 41,416 tons in Jan-Feb ’15.
The second largest supplier of ferrous scrap to the country was the US. The ferrous scrap imports from the US dropped by 9.1% from 6,144 tons in Jan-Feb ’15 to 5,538 tons during the initial two months of 2016. In third place was Japan with 3,352 tons. The imports from the country surged higher by 56.5% over the previous year.
The other key exporters of ferrous scrap to Malaysia during the two-month period were Australia (2,551 tons), Latvia (2,010 tons) and the UK (1,983 tons).
Monthly imports-Feb ‘16
The Malaysian ferrous scrap imports totaled 12,847 tons in February this year. The imports during the month were down by over 45% when matched with the year-ago month. When matched with the previous month, Feb ’16 imports were down by 23.5%. The primary exporters of ferrous scrap to Malaysia during the month were Singapore (5,931 tons), Japan (2,958 tons), Australia (1,578 tons) and the US (1,095 tons).
Monthly Imports-Jan ‘16
The country’s ferrous scrap imports during January this year totaled 16,787 tons. The key suppliers during the month were Singapore (6,016 tons), the USA (4,489 tons), Latvia (2,010 tons), the UK (1,959 tons), Australia (973 tons), Japan (394 tons), New Zealand (258 tons) and Papua New Guinea (203 tons).
Malaysia’s yearly imports during the previous year had dropped to the lowest level since 1998.
The ferrous scrap imports by Malaysia dropped significantly during the month of December last year. This is when matched with the previous year. However, when comparing with the previous month, the scrap imports increased significantly during December 2015. The imports during the entire year 2015 too fell sharply when matched with the previous year.
According to government trade statistics, the country imported 31,000 tons of scrap steel during December last year. The imports plunged heavily by 45.2% over the previous year. The Malaysian scrap imports had totaled nearly 57,000 tons during December 2014. When compared with November last year, the imports surged higher by over 46%. The imports recorded the highest volume since May last year.
The cumulative steel scrap imports by Malaysia during the entire year 2015 totaled 446,000 tons. The yearly imports dropped sharply by almost 54% when matched with the imports during 2014. The Malaysian steel scrap imports during 2014 had totaled 963,000 tons.
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