ISP Group clinches double win at BrandLaureate SMEs BestBrands Awards 2025
Its founder and CEO Eric Ng was conferred the Brand Leadership Award under the BrandLaureate SMEs BestBrands Awards 2025.
The award was presented by guest of honour Tan Sri Dzulkifli Ahmad who was the former Malaysian Anti-Corruption (MACC) chief commissioner and currently the Anti-Money Laundering and Anti-Corruption (AMLAC) Academy president.
Additionally, the ISP Group was also honoured with the Excellence in Industrial Real Estate Solutions award which further reinforces the group's position as a key industry player in the development of LWMH and PBWA.
Ng's leadership goes beyond business. During the COVID-19 pandemic, he led 33 COVID-19 relief trips while contributing RM132,000 worth of essential supplies such as milk powder across multiple states as well as enhancing employee welfare with health kits and supplements.
'These accolades are a reflection of our team's relentless pursuit of excellence, guided by our core values of integrity, innovation and sustainable development,' commented Ng who had also invested RM125,000 in workplace safety upgrades.
'We are humbled and honoured to be recognised by the BrandLaureate; we remain committed to advancing the industry through ESG (environment, social and governance)-driven, future-ready solutions.'
Hosted by The World Brands Foundation, the BrandLaureate Awards honour outstanding brands and individuals who demonstrate excellence in branding, innovation and leadership.
The 2025 event gathered Malaysia's top-performing SMEs and business visionaries to celebrate their contribution to the nation's economic progress.
The BrandLaureate world president Prof Dr KK Johan has the following to sum up Ng's contributions to the property industry:
'Eric Ng embodies the essence of purpose-driven leadership and brand distinction. Under his stewardship, ISP Group has demonstrated how innovation, integrity and sustainability can be seamlessly integrated to build a brand that not only thrives commercially but also uplifts communities and industries.' – June 18, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
19 minutes ago
- The Star
Tackling current business issues
INDUSTRY experts gave tips at the recent Star Outstanding Business Awards 2025 LAB participants on how to navigate the challenging times wrought with geopolitical uncertainties. Then in the second session, the panel of experts explored different methods that small and medium enterprises (SMEs) seek financing outside of the conventional practice of approaching normal financial institutions. The afternoon event, which was held at Menara Star to a packed audience, was attended by Star Media Group chief executive officer Chan Seng Fatt and chief operating officer Lydia Wang. Similar to previous labs, there were two sessions that covered two distinct topics. The first topic explored the challenges that companies face in light of 'The Tariffs and Taxes Aftermath: What is Next for Malaysian Businesses?' Moderated by the Malaysia Entrepreneurs and Development Association president Datuk Teh Tai Yong, the topic was discussed by panel speakers past SOBA winner Mega Fortris Berhad group managing director and group chief executive officer Datuk Adrian Ng, PKT Logistics Group Sdn Bhd chief operations officer Dr Jason Cheah and Malaysia External Trade Development Corporation (Matrade) strategic planning division director Noor Hayati Abu Noh. The speakers discussed the different scenarios that businesses have to confront, from the 25% tariffs imposed by the United States to the expanded Sales and Service Tax from the government as well as instances of supply chain disruptions due to the civil unrest in the Middle East. Ng advised businesses to understand themselves and to draw back until the time is right to scale back up. Noor Hayati both touched on the importance of diversification, either in business or which country to trade with. Cheah urged SMEs that it is time to start looking into environment, social and governance matters as it has a profound impact. The second session, which was moderated by Associated Chinese Chambers of Commerce and Industry of Malaysia treasurer Datuk Koong Lin Loong, gave SMEs enlightening information on 'Raising Funds and Accessing Capital for Business Growth'. Speakers in this session included RHB Bank Berhad SME banking, SME engagement head Sim Ee Chiew, Credit Guarantee Corporation Malaysia chief business officer Sean Tan, PEOPLElogy Berhad founder Allen Lee and Hernan Corporation founder and group CEO Datuk Anna Teo. The panel gave a lively session as Teo declared she rarely approached banks for financing. She asked businesses to be more flexible and explore other possibilities. While banks would be the first step for budding businesses, she said entrepreneurs should network and ask about other alternatives, such as private equities. Tan explained that CGC's job is to transfer the credit risks from a bank to CGC. In the event a business fails, and the SME is unable to pay, CGC will provide the necessary relief. Ng shared his experience of raising funds via the initial public offering route, which he said was 'more challenging because (Bursa Malaysia) wants the public to trust you (hence the need for) transparency.' Sim said that banks do much more than just provide loans, they help enhance cash flow and operation efficiency in order to eliminate idle cash, as well as digitalisation services. Besides the panel discussions, SOBA sponsors introduced their business models and some of their services to the participants. CGC's SME advisory and strategic alliances head Mike Wong talked about some of the services that are available to SMEs that are seeking ways to finance their companies. PKT Logistic's presentation was on the company's diversified range of services, from logistics and education to its own inland port, presented by Cheah. RHB Bank SME business development head Kelvin Chin and U Mobile Sdn Bhd commercial pre-sales section head Lim Swee Mei showcased the services that would benefit SMEs in their businesses. SOBA 2025 is organised by SMG with CGC, PKT Logistics, RHB Bank and U Mobile as main sponsors, Great Wall Motor Malaysia as co-sponsor, and Matrade as the official trade promotion partner. It is audited by BDO while radio stations 988 and Suria are official media partners. For details, call the SOBA hotline at 017-231 1789 or visit Look out for the announcement of the next SOBA LAB 2025, which will be held on Aug 14 at Iconic Hotel, Bukit Mertajam, Penang.
The Star
3 hours ago
- The Star
Britain's public borrowing in June hits second-high on record: ONS
LONDON, July 22 (Xinhua) -- Public borrowing in the United Kingdom (UK) stood at 20.7 billion British pounds (about 27.74 billion U.S. dollars) in June, marking the second-highest level for the month since records began in 1993, data from the Office for National Statistics (ONS) showed Tuesday. The borrowing, the difference between spending and tax income, surged 6.6 billion pounds year-on-year and was 3.5 billion pounds more than the March projection made by the government's spending watchdog, the Office for Budget Responsibility (OBR). It was only behind that of June 2020 when the country was hit by the COVID-19 pandemic, according to the ONS. The rising costs of providing public services and a large rise in the interest payable on index-linked gilts pushed up overall spending more than the increases in income from taxes and national insurance contributions, causing borrowing to rise in June, said Richard Heys, acting chief economist of the ONS. Public sector net debt excluding public sector banks was estimated at 96.3 percent of the country's gross domestic product (GDP) at the end of June. The reading rose 0.5 percentage points from that at the end of June 2024 and remained at levels last seen in the early 1960s, said the ONS. "The latest borrowing figures underline what many of us already thought -- that the government is almost certain to announce another set of tax increases at the Autumn Budget," said Tom Clougherty, executive director at the Institute of Economic Affairs. Clougherty noted that given the country's deepening economic malaise, high borrowing costs, and the government's failure to implement even minor spending cuts, it is hard to see another way out. Britain is facing a bleak outlook for public finances, said the OBR in a report released in early July. It warned of a substantial erosion of the country's capacity to respond to future shocks and growing pressures on public finances and projected public borrowing to further increase in the mid and long terms. (1 pound = 1.34 U.S. dollar)
New Straits Times
9 hours ago
- New Straits Times
Ng: Selangor Intelligent Parking initiative key to state's 'smart city' ambitions
KUALA LUMPUR: The Selangor Intelligent Parking (SIP) is more than just an initiative to improve parking systems under local councils; it's a key part of the state's "smart city" ambitions. Selangor Local Government and Tourism Committee chairman Datuk Ng Suee Lim said the "smart city" concept is the "way of the future". Ng stated that the SIP was being planned with this larger vision in mind. The system, he said, would align with the Smart Selangor initiative and serve the state's broader agenda, including establishing command centres and harnessing the power of big data. Ng also highlighted that beyond improving the parking system, improving security was a significant concern. "Previously, our parking systems did not have any integrated surveillance cameras (CCTVs) or other features," he told the New Straits Times. "Having such features means we can integrate our operations with the police. It would not be limited to just parking." "These things can be implemented together for the whole of Selangor in the future. This is for the first phase, and if it's successful, we can extend this model to all of Selangor," he added. Ng was commenting on concerns raised by several Pakatan Harapan Members of Parliament from Selangor. Earlier today, Shah Alam MP Azli Yusof, Subang MP Wong Chen, Petaling Jaya MP Lee Chean Chung, and Selayang MP William Leong held a press conference on SIP in the Dewan Rakyat. Among the issues they raised was the possibility of reduced revenues for local councils. Ng assured that the state government will ensure the implementation of the planned smart parking system results in a "win-win" situation for all parties, including local councils. He acknowledged the government was aware of the concerns some had about the SIP initiative, particularly the possible loss of revenue for local councils. "We have met councillors (from the local councils involved in SIP)," Ng said. "We take their concerns very seriously, but we still have time to look into these concerns to find a win-win solution." On the rollout, Ng said the Selangor Exco meeting today (Wed) would discuss the issues raised to ensure SIP's implementation is proper and goes smoothly. "But if more time is needed for further discussions, we will do it (postpone implementation)," he clarified. Ng also explained that the SIP for the four local councils involved – Subang Jaya, Petaling Jaya, Selayang, and Shah Alam – does not follow the traditional privatisation model. "This new model was approved by the state National Security Council. We involved Menteri Besar Incorporated (MBI) and state-owned subsidiary Rantaian Mesra," he said. "Through Rantaian Mesra, we also invited public and private companies to work with the local authorities on SIP." Ng expressed confidence that parking via SIP could be managed more effectively than before. Addressing questions about the RM200 million for the initial capital investment, which would be borne by the concessionaire, Ng said this figure was an estimated amount covering all four local councils over a five-year period. This would include upgrades to CCTVs and related systems. This includes the installation of about 1,800 CCTV cameras in high-traffic parking areas within the four councils. "For example, many people use false plates these days, so we must be able to detect these fake plates," he said, adding that this included cloned cars. "Otherwise, when you issue a summons and someone challenges it in court, we can lose."
