PEOPLElogy eyes regional expansion
KUALA LUMPUR: PEOPLElogy Bhd aims to expand its integrated people development solutions across Sabah, Sarawak and the South-East Asian region by 2026.
Founder and managing director Allen Lee said the company plans to establish offices and training centres in Kota Kinabalu and Kuching to meet local upskilling demands.
Additionally, it will expand into Indonesia, the Philippines and Singapore to address the growing need for digital talent development in South-East Asia.
'We are confident of doing well in the market because we have gauged from our market research, and all the companies that we approach love our framework.
'We are looking forward to reaffirming our commitment to our mission of impacting 10 million lives through innovative, transformative learning solutions,' he told reporters after the company's listing on the ACE Market of Bursa Malaysia yesterday.
PEOPLElogy has offices in Johor and Kuala Lumpur and has trained nearly 300,000 people to date. PEOPLElogy made its debut at 24 sen, one sen below its initial public offering (IPO) price of 25 sen, with 1.30 million shares traded.
PEOPLElogy rose 6%, or 1.5 sen to 26.5 sen yesterday, with 47.85 million shares traded.
From a total of RM26.25mil in gross proceeds raised from the IPO, Lee said the company will utilise about 15% for its expansion through strategic investments, mergers and acquisitions opportunities and 11% for the expansion of offices and training centres in Indonesia and the Philippines.
Also, 3.81% will be allocated for the expansion of offices and training centres in Sabah and Sarawak, and 0.38% for setting up a regional office in Singapore.
PEOPLElogy will utilise 32.38% of the proceeds to finance the establishment of a cyber range computer simulation lab, 11.43% for software research and development and the remaining proceeds will be used for working capital and listing expenses.
Lee said the cyber range computer simulation lab will enhance its cybersecurity, big data and artificial intelligence or AI training programmes.
This lab will provide a virtual environment for participants to engage in real-world scenarios such as defending against cyberattacks and managing large datasets.
Based on PEOPLElogy's enlarged share capital of 411.72 million shares, the company's market capitalisation is approximately RM102.93mil.
Commenting on the discount of one sen on the opening price, he said the company cannot control market sentiment which is influenced by various external factors.
He remains confident in the company's direction and uniqueness within the industry. He added that PEOPLElogy will continue educating the market. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 days ago
- The Star
Trump tariffs leave costly China supply question unanswered; Indonesia among countries deeply affected
JAKARTA (Bloomberg): President Donald Trump's recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China's supply chains. Trump unveiled tariffs of 20% for Vietnam and 19% for Indonesia and the Philippines, signaling those are the levels the US will likely settle on for most of Southeast Asia, a region that ships US$352 billion worth of goods annually to the US. He's also threatened to rocket rates up to 40% for products deemed to be transshipped, or re-routed, through those countries - a move largely directed at curbing Chinese goods circumventing higher US tariffs. But still unclear to manufacturers is how the US will calculate and apply local-content requirements, key to how it will determine what constitutes transshipped goods. South-East Asian nations are highly reliant on Chinese components and raw materials, and US firms that source from the region would bear the extra tariff damage. That's left companies, investors and economists facing several unanswered questions about Trump's tariffs that appear aimed at squeezing out Chinese content, according to Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore. "Is that raw materials? All raw materials? Above a certain percentage?' she said. "How about parts? What about labor or services? What about investment?' In an agreement with Indonesia last week, the White House said the two countries would negotiate "rules of origin' to ensure a third country wouldn't benefit. The deal with Vietnam earlier this month outlined a higher 40% tariff rate for transshipped goods. And Thai officials, who have yet to secure a deal, detailed that they likely need to boost local content in exports to the US. Missing Details The Trump administration isn't providing much clarity on the matter right now. US officials are still working out details with trading partners and looking at value-based local content requirements, to ensure exports are more than just assembled imported parts, according to a person familiar with the matter, who didn't want to be identified discussing private talks. A senior Trump administration official also said this week that details on the approach to transshipment are expected to be released before Aug. 1, the deadline for when higher US tariffs kick in. Some factories are already adjusting their supply chains to comply with rules that will require more locally-made components in production. Frank Deng, an executive at a Shanghai-based furniture exporter with operations in Vietnam - and which gets about 80% of business from the US - said in an interview his firm is making adjustments as authorities appear to be more strictly enforcing country-of-origin rules. Vietnam has always had specific local content requirements for manufacturers, Deng added, including that a maximum of 30% of the volume of raw materials originates from China, and the value after production in Vietnam must be 40% higher than the imported raw materials. "We've been struggling to meet all the standards so that we can still stay in the game,' Deng said. "But I guess that's the only way to survive now.' For most of Southeast Asia, reducing the amount of Chinese-made components in manufacturing will require a complete overhaul of their supply chains. Estimates from Eurasia Group show that Chinese components make up about 60% to 70% of exports from Southeast Asia - primarily industrial inputs that go into manufacturing assembly. About 15% of the region's exports now head to the US, up about four percentage points from 2018. Local Content The US has become increasingly vigilant about China's ability to bypass US trade tariffs and other restrictions through third countries since Trump's first trade war in 2017. Thailand signaled its frustration over the lack of clarity for how much local content is needed in goods exported to the US to avert transshipment rates, but noted it will likely be much higher than a traditional measure of 40%. "From what we've heard, the required percentage could be significantly higher, perhaps 60%, 70%, or even 80%,' Deputy Prime Minister Pichai Chunhavajira said July 14. "Emerging countries or new production bases are clearly at a disadvantage,' he said, as their manufacturing capabilities are still at an early stage and must rely on other countries for raw goods. Vietnam, Thailand and Malaysia have all taken steps this year to address Trump's concerns, increasing scrutiny of trade that passes through their ports including new rule-of-origin policies that centralize processing and imposing harsh penalties on transshippers. Developing nations may still struggle to enforce Trump's rules or comply with the rules if it means going up against China, their largest trading partner and geopolitical partner. "The reality is it's not enforceable at all,' said Dan Wang, China director at Eurasia Group. "Chinese companies have all kinds of ways to get around it and those other countries have no incentive to enforce those measures, or capacity to collect the data and determine local content.' -- Reports from Patpicha Tanakasempipat, Skylar Woodhouse and Nguyen Dieu Tu Uyen. -- ©2025 Bloomberg L.P.
Borneo Post
2 days ago
- Borneo Post
Early entrepreneurship education key to student growth, says S'wak minister
Lee (second left) and Wong, on his right, visit one of the sales booths at the BARUian Carnival 2025. MIRI (July 26): Programmes that expose students to entrepreneurship from an early age are crucial in shaping confident, competitive and resilient individuals, said Sarawak Transport Minister, Dato Sri Lee Kim Shin. The Senadin assemblyman said this at the launch of the 'BARUian Carnival 2025' and the Sijil Pelajaran Malaysia (SPM) and Sijil Tinggi Persekolan Malaysia (STPM) 2024 incentives' presentation at SMK Baru Miri today. On the carnival, Lee described it as being 'beyond a school event'. 'It is also a learning platform that helps students explore real-world experiences, especially in entrepreneurship, while helping them develop vital life skills such as communications, planning and teamwork,' he said. Lee also commended the school for its inclusive efforts in involving various units and community stakeholders, including the Curriculum Unit, Student Affairs, School Cooperative, Prefectural Board, Canteen Committee, Parent-Teacher Association (PTA), and the Parents Support Group (KSIB). 'The month-long programme has recorded strong participation from the entire school community, with 856 students, 80 teachers and staff, and more than 200 parents and guardians engaging in exhibitions, competitions, and sales. 'This level of engagement shows how a whole-school approach can empower students to grow holistically, intellectually, socially, and morally,' he said. The event also celebrated the academic achievements of 30 outstanding students, including 15 SPM candidates who scored 5As and above, and 15 STPM candidates who obtained Cumulative Grade Point Average (CGPA) of 3.0 and above. They received incentives channelled from Senadin State Constituency Service Centre. Present were SMK Baru principal Wong Kung Kui and PTA chairman Darwadi Drahman. entrepreneurship Lee Kim Shin miri youth
Malay Mail
2 days ago
- Malay Mail
South Korea sends top officials to US in final push to avert 25pc tariff threat as Aug 1 deadline approaches
SEOUL, July 26 — South Korea's deputy prime minister will meet with US Treasury Secretary Scott Bessent next week, ahead of Washington's deadline to reach a trade deal, Seoul's presidential office said today. US President Donald Trump's administration has threatened South Korea with a 25 per cent tariff if a trade deal is not reached by August 1. 'Deputy Prime Minister Koo Yun-cheol and Foreign Minister Cho Hyun are scheduled to meet US Treasury Secretary Scott Bessent and Secretary of State Marco Rubio next week,' the presidential office said in a statement. The statement came during a meeting at the presidential office where Industry Minister Kim Jung-kwan reported on the outcome of his talks with US Commerce Secretary Howard Lutnick on Thursday. 'The government has pledged to devote its full efforts to concluding trade negotiations with Washington before the August 1 deadline,' the statement said. The presidential office added that Seoul confirmed Washington's 'strong interest in the shipbuilding sector' and agreed to work towards mutual cooperation in the industry. The announcement of the meeting comes after last week's scheduled talks were cancelled due to Bessent's 'urgent schedule'. South Korea's shipbuilding industry has become a useful bargaining chip for the country as Trump has shown significant interest in the sector. South Korea ranks as the world's second-largest shipbuilding nation, trailing only behind China. Amid rising tensions in the Taiwan Strait, the United States is turning to overseas shipyards to strengthen its Asia-Pacific operations, casting South Korea as a key defence partner. In 2024, Hanwha Ocean, one of South Korea's largest shipbuilders, became the first non-US company authorised to conduct dry-dock maintenance on a US Navy vessel. — AFP
