November 2023 - Page 18 of 18

PNB, EPF, and KWAP Collaborate on RM2 Billion Investment in Kulim II High-Tech Industrial Asset

1Nov

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Business

PNB, EPF, and KWAP Collaborate on RM2 Billion Investment in Kulim II High-Tech Industrial Asset

Permodalan Nasional Bhd (PNB), the Employees Provident Fund (EPF), and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) are joining forces to invest RM2 billion in the Kulim II high-tech industrial asset. In a joint statement, the co-investors have announced a sale and leaseback agreement with Osram Opto Semiconductors Sdn Bhd, a wholly-owned domestic subsidiary of Austria's ams Osram AG, renowned for its expertise in intelligent sensors and emitters. The transaction is set to be finalised in December, with PNB, EPF, and KWAP each holding a 33.3% ownership stake. This 10-year investment comes with a well-defined exit strategy, presenting an opportunity for the co-investors to put their money into a high-quality, high-specification industrial real asset in Malaysia, offering com...

Motorola Unveils Innovative Bendable Smartphone with Wrist-Wrapping Display

Credit: Motorola At the Lenovo Tech World 2023 event, Motorola introduced a groundbreaking phone prototype that has caught the attention of tech enthusiasts. This innovative smartphone features a flexible display that can be wrapped around your wrist, essentially functioning like a watch. The prototype showcased by Motorola is the latest iteration of this concept, with several versions unveiled in the past. Back in 2016, during the Lenovo Tech World Summit, an earlier iteration of this bendable phone was revealed, though it was primarily seen as a novel and fun concept at the time. Fast forward to the 2023 Tech World event, and Motorola has taken the opportunity to reintroduce this unique and intriguing idea, providing a glimpse of its potential features. The phone boasts an F...

PAC Report Reveals RM505 Million Loss Due to 8.5 Million Expired Covid-19 Vaccine Doses

In a recently released report by the Public Accounts Committee (PAC) concerning the management of the Covid-19 outbreak, it was disclosed that 8.5 million Covid-19 vaccine doses, amounting to a total of RM505 million, had expired. The report, which was published on the official Parliament website, highlighted that while the expiration date for these vaccines had been extended up to 18 months from the production date, as of June 1, 2023, 8.5 million doses had still expired. This significant loss resulted from the Ministry of Health (MOH) procuring vaccines based on projected demand, which led to an oversupply due to a drop in vaccination demand, delays in receiving vaccine supplies, and donations from foreign countries. By April 2022, Malaysia had received a total of 82.85 mil...