September 2023 - Page 4 of 5

25Sep

By Webmaster IKON MalaysiaNo Comments

Culture, Entertainment

Nippon TV to Acquire Studio Ghibli

Hayao Miyazaki's renowned Japanese animation studio, Studio Ghibli, said that it will be acquired by private broadcaster Nippon TV, citing his advanced age. Studio Ghibli, which Miyazaki started in 1985 and is widely regarded as one of the greatest animators in history, is best known for producing the beloved animated films My Neighbor Totoro and Spirited Away, both of which won Oscars. Hayao Miyazaki, co-founder of Studio Ghibli Miyazaki is now 82 years old, while the top producer at the studio is 75. In a joint statement between Studio Ghibli and NTV, said "We have long struggled with the question: who the successor will be". Goro Miyazaki, Miyazaki's son and anime director, was regularly pushed as a prospective successor. However, according to the statement, he "f...

Toshiba’s 74-year stock market history is coming to an end

25Sep

By Webmaster IKON MalaysiaNo Comments

Business, Finance, News

Toshiba’s 74-year stock market history is coming to an end

Toshiba, one of Japan's oldest and largest corporations, is set to end its 74-year stock market history after a group of investors purchased a majority stake. The company stated that a consortium led by private equity firm Japan Industrial Partners (JIP) had purchased 78.65 percent of its shares. With more than two-thirds of the company, the consortium may clinch a $14 billion (£11.4 billion) plan to take it private. The company began in 1875 as a manufacturer of telegraph equipment. According to the agreement, its shares might be delisted as soon as this year's conclusion. Taro Shimada, president and chief executive officer of Toshiba, said in a statement that the business "will now take a major step toward a new future with a new shareholder."

Disney plans to quadruple theme park spending to $60 billion over the next ten years

22Sep

By Webmaster IKON MalaysiaNo Comments

Business

Disney plans to quadruple theme park spending to $60 billion over the next ten years

According to a filing on Tuesday, Walt Disney Co. stated that it intends to invest US$60 billion (RM280.92 billion) in its parks and resorts business in the following ten years. The world's largest theme park operator stated that it had over 1,000 acres of land available for development and emphasised the growth it has enjoyed in recent years as a result of investments in rides, cruise ships, and other attractions based on its films and characters. The world's largest entertainment corporation has been grappling with tectonic shifts in the TV and film industries as consumers increasingly watch programming on streaming services rather than traditional TV and movie theaters. In addition to seeking a strategic partner at ESPN, Iger has stated that the business may sell established ...

Think-tank ranks Singapore as the “freest economy in the world,” dropping Hong Kong for the first time since 1970

22Sep

By Webmaster IKON MalaysiaNo Comments

Business, Finance, Politics

Think-tank ranks Singapore as the “freest economy in the world,” dropping Hong Kong for the first time since 1970

According to the most current rankings compiled by a Canadian think tank, Hong Kong's half-century reign as the world's freest economy has come to an end, citing deteriorating judicial independence as one reason. For the first time since the index's inception in 1970, the Asian financial hub slid to second place. The Fraser Institute analysis, which was released on Tuesday, is based on data from 2021, and the organisation predicts that the city's rating will decline even further in the next few years. “Hong Kong’s recent turn is an example of how economic freedom is intimately connected with civil and political freedom,” said Matthew Mitchell, senior fellow at the Fraser Institute, in a press release. Singapore took first place over Hong Kong, with Switzerland, New Zealand...

Customers in Malaysia are apparently told to pay a downpayment of RM15,000 for the Tesla Model 3

22Sep

By Webmaster IKON MalaysiaNo Comments

Business, Innovation/ Technology, News

Customers in Malaysia are apparently told to pay a downpayment of RM15,000 for the Tesla Model 3

A number of Tesla customers claimed that Tesla Malaysia contacted them via phone and/or email and requested that they make the downpayment on their purchase, according to a report by SoyaCincau. While the firm did not officially state it in its exchanges, it appeared that Tesla was preparing to deliver EVs to Malaysian customers very soon. Credit: SoyaCincau When the Tesla Model 3 Highland was first unveiled to the public on September 1, it was immediately available for booking on Tesla Malaysia's website. Furthermore, the site stated that the first deliveries are expected in late 2023, which is far earlier than the Model Y, which would only be available in Malaysia next year. Having said that, there were a few aspects of the email provided to customers by Tesla Malaysia t...

Wise, Malaysia’s first non-bank to accept Apple Pay and Google Pay

21Sep

By Webmaster IKON MalaysiaNo Comments

Finance, Innovation/ Technology

Wise, Malaysia’s first non-bank to accept Apple Pay and Google Pay

Wise, an online money transfer service, now allows Malaysian clients to add their card to Apple Pay or Google Pay on their iOS or Android devices. Wise says that it is the first non-bank to do so in Malaysia. Users must launch the Wise app and select the card tab to view all of their available cards. Then they can choose the card they want to add and hit "Add to Apple Wallet" or "Add to G Pay." They will subsequently be able to use them to pay in-store, online, or in-app, as well as on local and foreign public transportation. Customers can add up to three digital cards to Apple Pay or Google Pay in addition to the actual card. These digital cards can be frozen after each purchase and have unique card details for an additional degree of security. Customers can store and spe...

Major US companies have announced plans to establish operations in Malaysia

21Sep

By Webmaster IKON MalaysiaNo Comments

Business, Finance

Major US companies have announced plans to establish operations in Malaysia

Two significant US electrical and electronic companies, one of which is anticipated to invest at least RM500 million, are planning to expand into Malaysia. According to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, the global supplier of consumer and commercial tools, appliances, and floor care, Alton Industry Ltd Group (Alton Group), will invest at least RM500 million to establish its manufacturing and research and development (R&D) base in Johor. The new facility's design, which is set to open in 2024, was revealed at a meeting between the minister and David Lu, president and CEO of Alton Group. "Another company, which I am not able to name for the moment, will be investing a significant sum in Penang. Both Alton Group and this comp...

Malaysia’s largest renewable energy power plant launched

21Sep

By Webmaster IKON MalaysiaNo Comments

Environment, News

Malaysia’s largest renewable energy power plant launched

Credit: Bernama The largest renewable energy power plant in Malaysia, with a capacity of 12 megawatts (MW), has begun operations at Bukit Tagar Enviro Park (BTEP), Hulu Selangor, Selangor. The trash-to-energy (WtE) facility is one approach for processing solid trash while producing fresh renewable energy. A total of 339 million kilowatt-hours (kWh) of renewable energy can be produced by BTEP from methane gas produced by solid waste at the landfill. According to Nga Kor Ming, Minister of Local Government Development, BTEP is Malaysia's biggest landfill gas power plant. “This energy production can reduce 2.7 million tonnes of carbon under the Clean Development Mechanism, equivalent to planting 43.6 million trees over ten years, reducing the consumption of 296 million litres o...