trending Archives - IKON Malaysia

Forbes: Asian millionaires are increasing their hotel investments in Singapore

25Sep

By Webmaster IKON MalaysiaNo Comments

Business, Lifestyle

Forbes: Asian millionaires are increasing their hotel investments in Singapore

At least ten billionaires, including Pansy Ho of Hong Kong and Sukanto Tanoto of Indonesia, are investing more than S$6 billion (US$4.4 billion or RM20.57 billion) in the development of additional hotels and the expansion of their businesses throughout the city state. According to a report published on Wednesday by Forbes Asia, Singapore's main shopping district, Orchard Road, will house several of the city-state's newest hotels as part of a revitalization plan for the surrounding area. According to the report, UOL Group is already hard at work converting the site of the Faber House building on Orchard Road into a 19-story hotel with 200 rooms for its visitors. And that project started just as UOL opened another hotel a few blocks away. According to Forbes, the Pan Pacific...

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...

Malaysian needs to spend 13.33% of their yearly salary to purchase the iPhone 15

20Sep

By Webmaster IKON MalaysiaNo Comments

Business, Innovation/ Technology, Life Style, Lifestyle, Uncategorized

Malaysian needs to spend 13.33% of their yearly salary to purchase the iPhone 15

Malaysia has been ranked as the 33rd least affordable country in the world to purchase an iPhone 15. According to comparedial.com, a Malaysian citizen needs to spend 13.33 percent of their yearly salary to purchase the base model iPhone 15 128GB. This translate to an estimated 277.16 hours of work, or an equavalent of 34.65 days of work. When it comes to pricing, Malaysia stands at the 9th least expensive country in the world for an iPhone 15, with the base model totalling to $939.96 USD after taxes, or approximately RM4412.64. The most expensive model, however, the iPhone 15 Pro Max 1TB, cost $1,881.10 (RM8830.82) - 26.67 percent of a yearly salary.

Ringgit opens higher on improving risk appetite

5Dec

By webeditorNo Comments

Business, Finance, Innovation/ Technology, News

Ringgit opens higher on improving risk appetite

The ringgit opened higher against the US dollar today, as the greenback resumed its retracement amid dovish Federal Reserve (Fed) officials in the United States (US) and rising risk appetite, according to an analyst. The local currency gained to 4.3750/3830 versus the US dollar at 9.06 a.m., up from 4.3835/3925 last Friday. According to Stephen Innes, managing director of SPI Asset Management, the ringgit opened firmer this morning despite a more robust US jobs report, implying that traders are ignoring one good data point and deferring to the weaker run of US economic data as a signal that the Fed will be forced to cut rates in 2023. "Crude oil prices are also doing well post-Organisation of the Petroleum Exporting Countries (OPEC) meeting, which helps the ringgit in terms of trade p...

Bursa Malaysia CEO takes over as chairperson of CEO Action Network

5Dec

By webeditorNo Comments

Business, Finance, Innovation/ Technology, News

Bursa Malaysia CEO takes over as chairperson of CEO Action Network

As chairperson of the steering committee, Bursa Malaysia Bhd CEO Datuk Muhamad Umar Swift now leads the CEO Action Network (CAN), Malaysia's first sustainability-focused informal coalition of leading CEOs and senior business decision-makers. Datuk Tengku Muhammad Taufik, a founding member of CAN and the president and group CEO of Petroliam Nasional Bhd (PETRONAS), passed over the leadership baton to Muhammad Umar recently at a CEO luncheon debate held at the Malaysia Petroleum Club. Tengku Muhammad Taufik, who served a two-year term, stated that CAN has emerged as a credible voice of Corporate Malaysia on sustainable business and sustainable development since its formation in late 2020. "As a coalition of leaders with a purpose, our efforts continue to be focused on building capacity ...

2Dec

By webeditorNo Comments

Business, Finance, Innovation/ Technology, News

70,000 millionaires in UAE

According to Unique Properties, Dubai is seeing an increase in the number of luxury branded properties. With over 70,000 millionaires, the UAE is expected to see a 22% increase in high-net-worth families by 2027. Dubai's property market has capitalised on luxury and lifestyle living to become a lucrative destination for high-net-worth individuals. These features, according to Unique Properties, have contributed to Dubai's rise as the world's greatest site for branded properties. “The rise of Dubai’s branded residence segment started with Armani Residences in Burj Khalifa in 2010. Luxury brands and developers have gradually realised the concept’s mutual benefit – but there has been a significant uptick as of late,” said Arash Jalili, Founder and Chief Executive Officer of Unique Propert...

Businesses in England and Wales collapse at fastest pace since 2009 as energy costs bite

2Dec

By webeditorNo Comments

Business, Innovation/ Technology, News

Businesses in England and Wales collapse at fastest pace since 2009 as energy costs bite

Thousands of UK businesses are going out of business at the quickest rate since the height of the global financial crisis, as rising energy costs, dwindling demand, and rising borrowing charges drive them out. According to the Office for National Statistics, there were 5,629 insolvencies in England and Wales in the second quarter, the highest number since 2009. (ONS). The increase is the most since the third quarter of 2009. According to the ONS, insolvencies fell in 2020 as the government provided assistance to businesses throughout the epidemic. However, the frequency of failures has now increased as businesses face new obstacles even after lockdowns have ended. More here: UK building resumes growth, although optimism is at a 26-month low. Businesses indicated a dramatic increase ...

Google and Microsoft hit by slowing economy

2Dec

By webeditorNo Comments

Business, Innovation/ Technology, News

Google and Microsoft hit by slowing economy

Sales at Alphabet and Microsoft have fallen substantially, adding to concerns about an economic slowdown. Alphabet, which controls Google and YouTube, reported a 6% increase in sales to $69 billion in the three months to September as companies slashed their advertising budgets. Outside of the onset of the epidemic, it was the US firm's worst quarterly increase in nearly a decade. Meanwhile, Microsoft reported a drop in demand for its laptops and other equipment. Its revenues increased by 11% to $50.1 billion, the weakest rate in five years. Globally, consumers and businesses are cutting back as prices and interest rates increase, fueling fears of a worldwide recession.Alphabet's profits fell nearly 30% to $13.9 billion in the third quarter, as YouTube ad sales fell for the first time ...