Latest news with #RamssolGroupBhd
The Sun
11 hours ago
- Business
- The Sun
Ramssol forges landmark AI, cloud computing collaboration with Tencent, Equinix
PETALING JAYA: Malaysia is set to accelerate its digital transformation by tapping Chinese expertise in artificial intelligence (AI) and cloud computing, following a landmark collaboration spearheaded by Ramssol Group Bhd with Tencent Cloud and supported by Equinix. The Malaysia-China Tech & Trade Cooperation Exchange Conference 2025, held in Sheraton Petaling Jaya today, underscored the nation's ambitions to become a regional hub for next-generation technologies while deepening bilateral ties with China. The initiative will introduce Tencent Cloud's advanced AI and cloud solutions to the Malaysian market through Ramssol's subsidiary, Rams Solutions, targeting retail and service industries seeking to automate operations, enhance customer engagement and adopt data-driven strategies for greater competitiveness across Asean markets. Deputy Communications Minister Teo Nie Ching, who officiated the event, said Malaysia's leadership as Asean Chair in 2025 positioned it uniquely to drive regional innovation and stability. She highlighted Prime Minister Datuk Seri Anwar Ibrahim's role in brokering peace between Thailand and Cambodia over a border dispute as an example of Malaysia's diplomatic and technological leadership. 'Technologies such as AI, smart communication, and cloud computing are redefining how economies grow, connect and innovate,' Teo said. 'Malaysia is proud to play a pivotal role in this journey. With our strategic position in Southeast Asia, a growing digital economy, and a future-ready talent pool, we remain committed to driving innovation that benefits all.' She stressed the need for alliances 'anchored on trust, mutual respect and shared ambitions' to build an open, secure and future-focused digital ecosystem that supports investment and long-term growth. Teo also outlined ongoing initiatives under the Communications and Multimedia Act 1998, including technical standards by the Malaysian Communications and Multimedia Commission (MCMC) to ensure communications equipment and services meet safety, interoperability and reliability benchmarks. Malaysia's broader digital push includes the Online Safety Act 2025, which mandates platforms to curb harmful content such as scams, cyberbullying and child exploitation, while maintaining innovation and free expression. She cited campaigns like Kempen Internet Selamat reaching over 43,000 participants in 348 schools and cashless adoption drives at Nadi Centres benefiting 1.8 million users as examples of initiatives fostering safer and more inclusive digital participation. Broadband penetration currently stands at 130.8% for mobile and 48.4% for fixed lines. Ramssol Group chairman Datuk Abdul Harith Abdullah said the collaboration reflects the group's long-term strategy to position Malaysia as a bridge for cross-border technology exchange and innovation in Asean. 'These collaborative events are more than just knowledge-sharing platforms; they are strategic gateways to future growth,' he said. 'By aligning Malaysia's digital ambitions with China's tech expertise, we are paving the way for sustained innovation, enhanced bilateral trade and scalable transformation across Asean.' The conference also showcased Tencent Cloud's real-time communication platforms, unmanned retail solutions, automated parking systems and intelligent media processing tools, technologies that have transformed consumer experiences in China and are now being introduced to Malaysian enterprises. Equinix's participation ensures scalable, secure digital infrastructure for cross-border solutions, with analysts noting robust infrastructure as vital for seamless technology integration. Teo described the initiative as a model for international cooperation where the Malaysia–China relationship continues to stand as a model where innovation drives value and collaboration leads to mutual prosperity. 'Let us move forward with confidence and a shared commitment to shaping a better, smarter future for Asia through innovation and cooperation,' she said.
The Star
03-06-2025
- Business
- The Star
Ramssol tie up with iFLYTEK in RM17mil deal
PETALING JAYA: Ramssol Group Bhd has entered into a strategic partnership agreement with iFLYTEK, one of China's artificial intelligence (AI) companies, currently valued at approximately RM58bil. Under the agreement, the people solutions and licensing technology provider said it has been appointed as the authorised distributor and reseller of iFLYTEK's AI software solutions via the iFLYTEK Open Platform across Asia. 'The three-year partnership is valued at RM16.8mil, reinforcing Ramssol's strategic expansion into high-growth digital technology sectors.' Ramssol said the collaboration will enable the group to offer enterprise-ready AI applications tailored to the needs of multilingual markets.
New Straits Times
03-06-2025
- Business
- New Straits Times
Ramssol to distribute iFlytek's AI solutions under RM16.8mil deal
KUALA LUMPUR: Ramssol Group Bhd has signed a partnership agreement worth RM16.8 million over three years with China-based artificial intelligence firm iFlytek. Ramssol is appointed as the authorised distributor and reseller of iFlytek's AI software solutions via the iFlytek open platform throughout Asia. The platform is recognised for its capabilities in areas such as speech recognition, machine translation and natural language processing, offering AI-driven solutions that support digital transformation across various industries. Ramssol said the partnership represents a key step in its regional expansion strategy, allowing the company to deliver enterprise-grade AI applications customised for multilingual markets. It added that the partnership aligns well with the Asean Responsible AI Roadmap (2025–2030), which outlines regional goals for promoting the responsible and inclusive adoption of AI technologies. Group chief operating officer Brian Liew said the collaboration represents a significant advancement in Ramssol's AITech capabilities and underscores the company's dedication to expanding access to cutting-edge AI solutions across Asia.
New Straits Times
05-05-2025
- Business
- New Straits Times
Ramssol set for earnings growth on Asean human capital management demand
KUALA LUMPUR: Ramssol Group Bhd's earnings are expected to grow in the next financial year, supported by rising demand for human capital management (HCM) solutions across Asean. Hong Leong Investment Bank Bhd (HLIB) said Ramsol is also poised to benefit from strong earnings prospects in its Artificial Intelligence (AI) Tech and Auto Tech segments. The firm noted that demand for HCM solutions in the region is accelerating, fuelled by ongoing digitalisation and supportive government policies. "We project Ramssol's earnings to grow at a strong three year compound annual growth rate of 28.6 per cent, underpinned by stronger anticipated sales from its People Tech and AI Tech segments and maiden contributions from Auto Tech," it said in a note. Meanwhile, HLIB said it is particularly positive on Ramssol's two key new segments - Pay Day Now and Rider Gate - that have the potential to drive the group's earnings growth. In September 2024, Ramssol entered into a strategic collaboration with AmBank Group to offer Earned Wage Access to employees of its corporate clients. Leveraging Ramssol's existing clientele and AmBank's extensive corporate network, we see strong growth opportunities in Pay Day Now. Notably, the firm expects a high onboarding rate from customers, as it serves as a tool to attract and retain talent, with no upfront costs involved. "We estimate the monthly revenue potential from Pay Day Now to range between RM100,000 and RM1.2 million, depending on the frequency of withdrawals. We believe the price-to-earnings (P/E) valuation methodology is most appropriate for Ramssol, given its consistent profitability, forward earnings visibility, and growth trajectory. "We ascribe a P/E multiple of 22 times based on financial year 2026 (FY26) earning per share of 5.5sen, and derive a target price of RM1.21," it added.
