Latest news with #RM9.65
New Straits Times
03-07-2025
- Business
- New Straits Times
Time dotCom names Loh Jenkim as group CEO, redesignates Afzal as executive vice chairman
KUALA LUMPUR: Time dotCom Bhd has named Loh Jenkim as its new group chief executive officer effective from Sept 23. In a filing to Bursa Malaysia, the company said Loh, 53, will succeed Afzal Abdul Rahim. Afzal, 47, will be redesignated as executive vice chairman from his current role as group chief executive officer, also effective Sept 23. Afzal was involved in the founding and growth of the AIMS and Global Transit Groups before joining Time in 2008, where he has since served as group chief executive officer. Meanwhile, Loh brings over 25 years of experience across the telecommunications, energy and professional services sectors. She currently serves as Time's chief commercial officer, responsible for driving the group's commercial strategy to ensure sustainable profitability, return on investments, and alignment with long-term objectives. Prior to joining Time, she held leadership roles at Maxis, Talisman Energy and PwC. At the time of writing, Time's share price was down two sen or 0.38 per cent at RM5.22, giving the group a market value of RM9.65 billion.
New Straits Times
01-07-2025
- Business
- New Straits Times
Sabah Bank's net loss narrows to RM82mil in 2024, from RM684mil in 2023
KUALA LUMPUR: Sabah Development Bank Bhd significantly narrowed its net loss to RM82 million for the financial year ended 2024, from RM684 million net loss in FY2023. The 2023 losses were primarily due to extensive provisions for non-performing loans (NPLs) and diminished asset values accumulated over the past years. Sabah Bank, in a statement today, said it expects to report a modest profit in FY2025. "This progress reflects positive momentum in Sabah Bank's ongoing three-year transformation journey, which commenced in the second half of 2023 under a new board and management," it said. "Following a rigorous restructuring exercise, the bank's total capital ratio had dropped to 7.9 per cent by end 2023. However, as of end-2024, the capital ratio has rebounded to a strong 20.71 per cent, backed by strong support from the Sabah state government," it added. On June 4, RAM Rating Services Bhd (RAM) affirmed Sabah Bank's debt instrument ratings at AA1/Stable/P1. The AA1 rating indicates a high safety for payment of financial obligations, while the "Stable" outlook reflects RAM's expectations that the long-term rating will be unchanged over the intermediate term. The bank's commercial papers were also affirmed at P1, the highest short-term rating assigned by RAM, reflecting high safety for payment of short-term obligations. In alignment with its mandate from the state government, the bank is now focused on financing development projects in Sabah, predominantly in the infrastructure, power and water sectors. The state has positioned the bank as the lead lender for local-content in major investment projects, reinforcing its pivotal role in driving Sabah's economic growth. Between January 2024 to June 2025, Sabah Bank approved RM1.76 billion loan applications within its developmental mandate. During the same period, the bank turned down RM9.65 billion in loan applications that either fell outside its mandate or did not meet its enhanced credit standards. The bank said since the setup of an independent professional recovery team in September 2023, notable progress has been made in addressing the NPLs. The bank's board has approved RM965 million in settlement proposals. This is in addition to RM2 billion in pledged securities currently placed under receivership.
The Sun
16-05-2025
- Business
- The Sun
Taylor's University introduces pioneering Bachelor of Mechatronics Engineering with Honours
TAYLOR'S UNIVERSITY has introduced Bachelor of Mechatronics Engineering with Honours, aligning with the nation's Industry 4.0 policy. The programme highlights advancements across 12 key industries and prepares graduates with the essential skills to lead the sector. The programme is the first to offer specialised tracks in Robotics Systems and Artificial Intelligence (AI), aligning with Malaysia's Industry 4.0 policy. It also features a comprehensive curriculum that meets the highest international standards, accredited by the Engineering Accreditation Council (EAC). Upon completion, graduates are eligible to register with the Board of Engineers Malaysia, a signatory to the Washington Accord, and pursue careers as professional engineers. Professor Technologist (Ts) Dr Sim Yee Wai, Acting Executive Dean of the Faculty of Innovation & Technology, delivering an opening speech at the launch event. 'With the global mechatronics market projected to reach US$2.25 (RM9.65) billion by 2031, this programme equips our students not just to meet the demand for job-ready engineers, but to be strategically poised to shape the future of technological innovations driving Industry 4.0 globally. 'The programme places Taylor's students at the heart of innovation,' said Professor Ts Dr Sim Yee Wai, Acting Executive Dean of the Faculty of Innovation and Technology, Taylor's University. Sim also emphasised that the programme aims to develop engineers who will define the future of technology. 'By blending critical thinking, innovation, and hands-on experience, we are empowering students to lead advances in robotics, automation, and AI. Our graduates will not just adapt to change – they will drive it, accelerating Malaysia's transformation into a digital-first nation,' he added. Taylor's University has also collaborated with global tech leaders such as DJI Academy Malaysia and Unitree Robotics, providing students with exposure to cutting-edge technologies through its in-house Engineering Undergraduates for Industrial Adoption (EUFORIA) and EUFORIA Type-Research (R) programmes. Students engage directly with industry partners from Year 2, ensuring they gain practical skills and research experience that position them for high-demand roles in today's competitive job market. 'At DJI Academy Malaysia, we recognise the importance of real-world collaboration with academia in fostering the next generation of engineers. As our first-ever academic partnership, the institution's forward-thinking programme presents an exciting opportunity for us. 'We are proud to play a pivotal role in developing engineers who will push the boundaries of robotics and automation technologies, creating global solutions that transform industries,' said Darren Teh, General Manager of DJI Academy Malaysia. Furthermore, students can apply their skills in real-world, cross-disciplinary projects through Taylor's Robotics Club. Students may also opt to pursue a fast-tracked Master's degree in Mechatronics and Robotic Engineering via a 2+2 programme with the University of Birmingham, expanding their global education experience.
The Sun
15-05-2025
- Business
- The Sun
Taylor's University introduces pioneering Bachelor of Mechatronics Engineering (Hons)
TAYLOR'S UNIVERSITY has introduced Malaysia's first Bachelor of Mechatronics Engineering with Honours, aligning with the nation's Industry 4.0 policy. The programme highlights advancements across 12 key industries and prepares graduates with the essential skills to lead the sector. The programme offers specialised tracks in robotics systems and artificial intelligence (AI), equipping students to navigate technological innovations in critical fields such as healthcare, manufacturing, aerospace, and automotive. It also features a comprehensive curriculum that meets the highest international standards, accredited by the Engineering Accreditation Council (EAC). Upon completion, graduates are eligible to register with the Board of Engineers Malaysia, a signatory to the Washington Accord, and pursue careers as professional engineers. 'With the global mechatronics market projected to reach US$2.25 (RM9.65) billion by 2031, this programme equips our students not just to meet the demand for job-ready engineers, but to be strategically poised to shape the future of technological innovations driving Industry 4.0 globally. 'The programme places Taylor's students at the heart of innovation,' said Professor Ts Dr Sim Yee Wai, Acting Executive Dean of the Faculty of Innovation and Technology, Taylor's University. Sim, who is also the Programme Director of the Bachelor of Mechatronics Engineering with Honours at the School of Engineering, emphasised that the programme aims to develop engineers who will define the future of technology. 'By blending critical thinking, innovation, and hands-on experience, we are empowering students to lead advances in robotics, automation, and AI. Our graduates will not just adapt to change – they will drive it, accelerating Malaysia's transformation into a digital-first nation,' he added. Taylor's University has also collaborated with global tech leaders such as DJI Academy Malaysia and Unitree Robotics, providing students with exposure to cutting-edge technologies through its in-house Engineering Undergraduates for Industrial Adoption (EUFORIA) and EUFORIA Type-Research (R) programmes. Students engage directly with industry partners from Year 2, ensuring they gain practical skills and research experience that position them for high-demand roles in today's competitive job market. 'At DJI Academy Malaysia, we recognise the importance of real-world collaboration with academia in fostering the next generation of engineers. As our first-ever academic partnership, the institution's forward-thinking programme presents an exciting opportunity for us. 'We are proud to play a pivotal role in developing engineers who will push the boundaries of robotics and automation technologies, creating global solutions that transform industries,' said Darren Teh, General Manager of DJI Academy Malaysia. Furthermore, students can apply their skills in real-world, cross-disciplinary projects through Taylor's Robotics Club. Students may also opt to pursue a fast-tracked Master's degree in Mechatronics and Robotic Engineering via a 2+2 programme with the University of Birmingham, expanding their global education experience.
The Sun
15-05-2025
- Business
- The Sun
Taylor's launches Malaysia's first mechatronics degree
TAYLOR'S UNIVERSITY has introduced Malaysia's first Bachelor of Mechatronics Engineering with Honours, aligning with the nation's Industry 4.0 policy. The programme highlights advancements across 12 key industries and prepares graduates with the essential skills to lead the sector. The programme offers specialised tracks in robotics systems and artificial intelligence (AI), equipping students to navigate technological innovations in critical fields such as healthcare, manufacturing, aerospace, and automotive. It also features a comprehensive curriculum that meets the highest international standards, accredited by the Engineering Accreditation Council (EAC). Upon completion, graduates are eligible to register with the Board of Engineers Malaysia, a signatory to the Washington Accord, and pursue careers as professional engineers. 'With the global mechatronics market projected to reach US$2.25 (RM9.65) billion by 2031, this programme equips our students not just to meet the demand for job-ready engineers, but to be strategically poised to shape the future of technological innovations driving Industry 4.0 globally. 'The programme places Taylor's students at the heart of innovation,' said Professor Ts Dr Sim Yee Wai, Acting Executive Dean of the Faculty of Innovation and Technology, Taylor's University. Sim, who is also the Programme Director of the Bachelor of Mechatronics Engineering with Honours at the School of Engineering, emphasised that the programme aims to develop engineers who will define the future of technology. 'By blending critical thinking, innovation, and hands-on experience, we are empowering students to lead advances in robotics, automation, and AI. Our graduates will not just adapt to change – they will drive it, accelerating Malaysia's transformation into a digital-first nation,' he added. Taylor's University has also collaborated with global tech leaders such as DJI Academy Malaysia and Unitree Robotics, providing students with exposure to cutting-edge technologies through its in-house Engineering Undergraduates for Industrial Adoption (EUFORIA) and EUFORIA Type-Research (R) programmes. Students engage directly with industry partners from Year 2, ensuring they gain practical skills and research experience that position them for high-demand roles in today's competitive job market. 'At DJI Academy Malaysia, we recognise the importance of real-world collaboration with academia in fostering the next generation of engineers. As our first-ever academic partnership, the institution's forward-thinking programme presents an exciting opportunity for us. 'We are proud to play a pivotal role in developing engineers who will push the boundaries of robotics and automation technologies, creating global solutions that transform industries,' said Darren Teh, General Manager of DJI Academy Malaysia. Furthermore, students can apply their skills in real-world, cross-disciplinary projects through Taylor's Robotics Club. Students may also opt to pursue a fast-tracked Master's degree in Mechatronics and Robotic Engineering via a 2+2 programme with the University of Birmingham, expanding their global education experience. Want to know more? Visit
