Jack Ma: It was Dr M’s MSC that inspired me to start Alibaba

Jack Ma: It was Dr M’s MSC that inspired me to start Alibaba

Jack Ma: It was Dr M's MSC that inspired me to start Alibaba KUALA LUMPUR (18 Jun 2018): The inspiration to form Alibaba was inspired by Malaysia's Multimedia Super Corridor (MSC), says Jack Ma. The Alibaba founder and executive chairman said that he read about MSC in a newspaper 20 years ago and found the idea inspiring. "I thought, 'Wow, this is a genius idea. If Malaysia can do this, why can't China. Why can't I do this myself?' "So Malaysia inspired me to create Alibaba," he said during the launch of an Alibaba Group office in Kuala Lumpur on…
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Internet Access As Constitutional Right To Be Proposed To Cabinet Soon

Internet Access As Constitutional Right To Be Proposed To Cabinet Soon

Communications and Multimedia Minister Gobind Singh Deo aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. CYBERJAYA (11 June 2018): The proposal for internet access to be made a constitutional right would be brought to the Cabinet in the near future. Communications and Multimedia Minister Gobind Singh Deo said the proposal was aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. Figure 1: Communications and Multimedia Minister Gobind Singh Deo said the proposal was aimed at allowing Malaysians to benefit from the national e-economy and e-commerce. “The proposal will bring about an abundance of…
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Kenanga Positive On Serba Dinamik Stake Purchase In CSE

Kenanga Positive On Serba Dinamik Stake Purchase In CSE

Kenanga positive on Serba Dinamik stake purchase in CSE KUALA LUMPUR (16 Apr 2018): Kenanga Research is positive on Serba Dinamik Holdings Bhd's 24.8% stake acquisition in CSE Global Ltd for a total S$57.7mil cash. The research firm said the stake purchase in the Singapore-listed company will expand Serba Dinamik's geographical footprint given that it has a presence in more than 20 countries. "Post-acquisition, we adjusted our FY18-19E earnings by 1.4% while net gearing level remains healthy at 0.23x. All in, OP call maintained with higher TP of RM3.95/share, pegged to 15.0x FY18E PER," it said in its Monday report.…
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Serba Dinamik In JV To Expand Offshore Business

Serba Dinamik In JV To Expand Offshore Business

The partnership with Mizuho would serve the purpose as the rm is now poised to tap into Mizuho’s network KUALA LUMPUR (7 May 2018): SERBA Dinamik Holdings Bhd is working with Mizuho Bank Ltd to expand its business capacity in offshore services. For a start, the company, via its wholly owned subsidiary Serba Dinamik International Ltd, signed an agreement of US$20 million (RM78.7 million) Islamic revolving credit facility with Mizuho’s local unit Mizuho Bank (M) Bhd, to facilitate the company’s offshore activities. “This joint venture (JV) with Mizuho is more than just a borrower-lender relationship. Mizuho will help us connect…
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Serba Dinamik Upbeat On Growing Order Book To RM7.5 Billion By Year-end

Serba Dinamik Upbeat On Growing Order Book To RM7.5 Billion By Year-end

Serba Dinamik upbeat on growing order book to RM7.5 billion by year-end  SHAH ALAM (14 May 2018): Oil and gas (O&G) engineering firm Serba Dinamik Holdings Bhd expects to grow its order book from the existing RM6.2 billion to RM7.5 billion by the end of the year. Figure 1: A  photo of Group Chief Executive Officer/Group Managing Director of Serba Dinamik, Dato Dr. Ir. Mohd Abdul Karim Abdullah (right) and Datu Dr. Haji Sanib Bin Haji Said (left). Group managing director and chief executive officer Datuk Mohd Abdul Karim Abdullah said it was in discussions with multiple entities across the…
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MIA Appoints Salihin Abang As New President

MIA Appoints Salihin Abang As New President

MIA Appoints Salihin Abang As New President KUALA LUMPUR (25 August 2017): The Malaysian Institute of Accountants (MIA) has appointed Salihin Abang as President and Datuk Narendra Kumar Jasani as Vice-President, effective today. Figure 1: A group photo of Malaysian Institute of Accountants President, Salihin Abang (first from left), Sarawak State Secretary, Tan Sri Datuk Amar Haji Mohamad Morshidi Abdul Ghan (second from left), and StartUp Borneo Chairman, Abdul Qaiyum Alidin (first from right). "Salihin Abang succeeded Datuk Mohammad Faiz Azmi, whose term ended on July 26, 2017, while Narendra succeeded Datuk Zaiton Mohd Hassan, whose term ended on July…
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Serba Dinamik To Put Up Chlor-Alkali Plant In Tanzania

Serba Dinamik To Put Up Chlor-Alkali Plant In Tanzania

Serba Dinamik to put up Chlor-Alkali plant in Tanzania KUALA LUMPUR (26 March 2018): Serba Dinamik Holdings Bhd has finalised its joint venture (JV) to build a chlor-alkali plant in Tanzania, its first business entry into the African continent. Figure 1: A photo of Group Chief Executive Officer/Group Managing Director of Serba Dinamik, Dato Dr. Ir. Mohd Abdul Karim Abdullah. Serba Dinamik, today, signed a shareholders' agreement with Junaco (T) Ltd to firm up the JV. The group's wholly-owned unit Serba Dinamik International Ltd (SDIL) entered into the agreement to form a strategic collaboration and govern the material aspects of the…
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Serba Dinamik Buys Stake In Singapore’s Technology Firm For RM170.6m

Serba Dinamik Buys Stake In Singapore’s Technology Firm For RM170.6m

Serba Dinamik buys stake in Singapore's technology firm for RM170.6m  PETALING JAYA (13 April 2018): Serba Dinamik Holdings Bhd continued on the acquisition trail with the purchase of a 24.84% stake in Singapore's technology firm CSE Global Ltd for S$57.67 million (RM170.57 million) cash. Figure 1: A group photo of Group Chief Executive Officer/Group Managing Director of Serba Dinamik, Dato Dr. Ir. Mohd Abdul Karim Abdullah (second from right) and Chairman of StartUp Borneo, Abdul Qaiyum Alidin (third from right). CSE provides total integrated industrial automation, telecommunications and environmental solutions projects in US, Asia Pacific, Europe, Middle East and Africa. Serba…
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