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Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited financial statements for 2023, showcasing significant growth throughout the year. The audited separate air transport revenue and consolidated revenue were reported at VND53.7 trillion (approx. RM10.24 billion) and VND58.3 trillion (approx. RM11.11 billion) respectively, marking a 62% and 45% year-on-year increase respectively. Notably, the company recorded a pre-tax air transport profit turnaround and consolidated profit of VND471 billion (approx. RM89.79 million) and VND606 billion (approx. RM115.52 million) respectively. Ancillary and cargo revenue totaled nearly VND21 trillion (approx. RM4 billion), surpassing previous financial statements and increasing by over 60% year-on-year, accounting for 39% of the total air transport revenue. As of 31 December 2023, Vietjet's total assets exceeded VND86.9 trillion (approx. RM16.57 billion). The company's debt-to-equity ratio stood at 2, well below the typical g...

AdtoPilot, an artificial intelligence and advertising agency, has entered into a Memorandum of Understanding (MoU) with the Guangdong Advertising Association (GDAA), Shanghai Advertising Association (SHAA), and Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance (GBABA) to foster enhanced cooperation between Chinese and Malaysian brands in the realm of advertising and marketing. From left: Mr. Ken Chin, Founder of AdtoPilot; Mr. Chen Dianlong, Chairman of Guangdong Advertising Association; Mr. Gareth Chiu, Chairman of Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance The MoU was signed by key executives, including Mr. Ken Chin, Founder of AdtoPilot; Mr. Chen Dianlong, Chairman of Guangdong Advertising Association, Mr. Du Guigen, Chairman of Shanghai Advertising Association; and Mr. Gareth Chiu, Chairman of Guangdong-Hong Kong-Macao Greater Bay Area Brands Alliance. The occasion marks a huge milestone in the efforts to bolster advertising, production services, and AI-b...

TNG Digital Sdn. Bhd. (“TNG Digital”), Malaysia's leading fintech player and operator of Touch 'n Go eWallet, held its first media briefing of the year today, reflecting on its market position and outlining its strategic outlook for 2024. Foo Yeong Jin, Chief Risk Officer; Desmond Teoh, Head of Financial Services; Alan Ni, Chief Executive Officer; Mohd Herman Sarbini, Chief Operations Officer; and Chiew Wei Wing, Chief Product Officer of TNG Digital Sdn Bhd hosting a media briefing with key media, recapping its business performance in 2023 and forecasting the upcoming plans in 2024 In his address, Alan Ni, CEO of TNG Digital, acknowledged the company's significant growth and market leadership in Malaysia. With a focus on providing accessible digital financial solutions, Touch ‘n Go eWallet has steadily grown its user base and merchant touchpoints, achieving notable milestones: Over the years, Touch ‘n Go eWallet has demonstrated substantial growth, with the 2023 Total ...

New-age airline Vietjet solidifies its commitment to safety, efficiency, and sustainability through strategic alliances forged at the ongoing Singapore Airshow 2024 with industry giants Airbus, Pratt & Whitney, and Safran Aerosystems. These collaborations mark significant milestones in Vietjet’s journey towards enhancing, empowering, and supporting the airline’s fleet and flight network expansion for its future growth. Vietjet and Airbus Announce the Order for 20 Widebody A330neo Vietjet secures a landmark agreement with Airbus, signing a Memorandum of Understanding (MoU) for the order of 20 A330neo (A330-900) widebody aircraft, marking one of the airshow’s largest deals thus far and Vietjet’s most substantial widebody purchase to date. These aircraft will serve Vietjet’s expanding long-range network and high-capacity regional services, replacing the carrier’s current leased A330-300 fleet. The A330neo order not only supports network expansion and operational efficiency, but also a...

Vietjet Aviation Joint Stock Company (HOSE: VJC) proudly announced its outstanding business performance for 2023, positioning itself as a resilient and rapidly growing force in the global aviation industry. Last year, Vietjet operated 133,000 flights with 25.3 million passengers onboard (excluding Vietjet Thailand), reflecting a remarkable surge of 183% year-on-year. Notable expansions included the addition of 33 new international and domestic routes, bringing the total to 125 routes. Vietjet achieved a significant milestone by becoming the first airline to connect Vietnam with Australia's five largest cities: Sydney, Melbourne, Perth, Adelaide, and Brisbane. Strengthening its position as the largest operator between Vietnam and India, Vietjet expanded routes to cities such as Delhi, Mumbai, Ahmedabad, Kochi, and Tiruchirappalli. Vietjet reported a robust consolidated revenue of VND 62.5 trillion (approx. RM 12.1 billion) in 2023, showcasing a substantial 56% year-on-year growth. T...

OYO added 70 new live hotels in Malaysia from January-June 2023 in Malaysia These hotels recorded average 60% growth on revenue in July-December 2023 period as compared to January-June 2023 period Apart from key regions such as Kuala Lumpur, Malacca, Kota Kinabalu, OYO expanded its footprints in upcoming tourist destinations like Marang, Tambunan etc. Growth can be attributed to increased number of partnerships with additional online booking platforms and investment in technology upgradation to boost bookings that convert in stays Global hospitality technology company OYO has announced that its hotels in Malaysia have recorded 60% revenue growth in the second half of 2023 in comparison to the preceding six months. OYO added 70 hotels in Malaysia from the January-June 2023 period, these hotels recorded average 60% growth on revenue in July-December 2023 period as compared to January-June 2023 period. These hotels are in some of the most prominent tourist centers in Malaysia that includ...

Airbus’ Commercial Aircraft CEO Christian Scherer celebrates long-standing partnership with AirAsia during a visit to HQ Capital A and AirAsia Management team along with Allstars welcomed CEO of Airbus’ Commercial Aircraft, Christian Scherer at the leadership visit held at RedQ today AirAsia today unveiled plans to launch the world’s first low-cost network carrier, leveraging 22 years of its unique multi-hub strategy through its airlines in Malaysia, Thailand, Indonesia, the Philippines, and soon Cambodia. The announcement was made during a welcoming ceremony of the recently appointed Chief Executive Officer of the Commercial Aircraft business of Airbus, Christian Scherer, to RedQ - AirAsia’s corporate headquarters in Malaysia. Hundreds of AirAsia staff, CEOs and management turned out in force to greet the illustrious Airbus leader during his first visit as CEO to the home of over 6,000 team members called Allstars. Tony Fernandes, CEO of Capital A, the umbrella company for the Air...

PNB Merdeka Ventures Sdn. Berhad (PNBMV), the owner and builder of the Merdeka 118 tower, extends a heartfelt appreciation for the overwhelming support and enthusiasm received from the people of Malaysia for the recent inauguration of the tower by DYMM Seri Paduka Baginda Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah. While the inauguration signifies the culmination of Merdeka 118 Tower’s construction journey, public access to the building will commence towards the end of this year. PNBMV Chief Executive Officer Tengku Dato’ Ab. Aziz Tengku Mahmud said that the timeline allows for the finalisation of essential elements within the tower and the Merdeka 118 precinct to ensure an unparalleled visitor experience. "We understand the public's eagerness to explore this landmark and we are committed to delivering a memorable experience, and this requires meticulous preparation," he said. Rising proudly as a testament to Malaysia's rich heritage,...

Saudia, the national flag carrier of Saudi Arabia, ranked 9th among global airlines in the On-Time Performance for the year 2023, according to the annual report by the independent aviation monitoring website Cirium. This follows outstanding performances throughout the year 2023, in which Saudia has secured a place in the top 10 for six consecutive months. Saudia’s exceptional performance in global OTP rankings is driven by the Saudi Aviation Strategy objectives which aims to turn Saudi Arabia into a leader in the global industry by enhancing the customer experience. The strategy aligns with Saudia’s expansion goals as the airline works towards bringing around 330 million visitors to the Kingdom by 2030. By continuously ranking as one of the top performing airlines, Saudia is working towards its goals of becoming an industry- leading airline and bring the world to Saudi Arabia. The transformation program, encompassing plans and initiatives across all sectors of Saudia Group, has played ...

Enhanced Ventilation and Clean Air Flow across over 300 Alpro outlets nationwide Ph Wong Wen Jun, Procurement Director of Alpro Pharmacy, Ph Lim En Ni, Chief Pharmacist of Alpro Pharmacy, Mr Atsushi Yoshida, Country Head of Life Solutions of Panasonic Malaysia and Mr Terence Leong, General Manager of Sales Promotion Life Solutions of Panasonic Malaysia. In view of the recent resurgence of COVID-19 cases, and workplaces [1] , particularly those in enclosed settings, pose a heightened risk of viral infections through air transmission, Alpro Group, the holding company of Malaysia’s largest prescription pharmacy chain - Alpro Pharmacy, has signed a Memorandum of Understanding (MoU) for a strategic partnership with Panasonic Malaysia, a renowned global leader in innovative consumer electronics, to enhance the air quality for Alpro’s patrons and employees with nanoe™X technology air purification system across all outlets and its headquarters here. Alpro Group acknowledges that ensuring ...

Touch ‘n Go eWallet by TNG Digital was crowned the 2023 Putra Brand of the Year at the 2023 Putra Brand Awards Going from strength to strength – After winning 'Fintech of the Year' at the Fintech Frontiers Awards Malaysia in October 2023, Touch ‘n Go eWallet by TNG Digital Sdn. Bhd. ('TNG Digital') has now been voted the 2023 Putra Brand of the Year at this year’s Putra Brand Awards, also known as 'The People’s Choice Awards' by Malaysians. Established in 2010 by the Association of Accredited Advertising Agents Malaysia (4As) in collaboration with Malaysia’s Most Valuable Brands (MMVB), the Putra Brand Awards is Malaysia's top brand recognition platform. With the award nomination stemming from consumer votes, receiving these awards reaffirms TNG Digital as the leading eWallet provider, recognised by both industry experts and consumers. Alan Ni, Chief Executive Officer of TNG Digital Sdn. Bhd., expressed gratitude for the recognitions given by Malaysians who...

TNG Digital and PayNet are promoting a cashless society in East Malaysia, encouraging Sabahans to use Touch ‘n Go eWallet for payments to enjoy cashbacks and rewards. TNG Digital Sdn. Bhd. (“TNG Digital”) and Payments Network Malaysia Sdn. Bhd. (“PayNet”) collaborate to launch the ‘Cashless Seja Bah!’ campaign at Gaya Street Night Market, Kota Kinabalu, Sabah on January 19, 2024. This initiative aims to bring pragmatic digital payments and solutions to merchants and users in Sabah. [From left] YBhg. Dato' Rohaizi bin Bahari, Senior Director, Distributive Trade and Business Sector of the Ministry of Domestic Trade & Consumer Affairs (KPDN); Mr. Azrul Fakhzan Mainor, Senior Director, Commercial, PayNet; and Mr. Mohd Herman Sarbini, Chief Operating Officer of TNG Digital Sdn. Bhd., were present at the launch of the 'Cashless Seja Bah' campaign on Friday evening at Gaya Street Night Market, Kota Kinabalu, Sabah. During the campaign, Touch ‘n Go eWallet users who sca...

The company was recognised as one of the best brands with outstanding sales growth on Shopee (Left) Touch 'n Go Sdn Bhd Director of Product & Commercial, Kunil Naidu Ramanajam, receiving the Super Aspiring Brand Award in the Lifestyle Category at the Shopee Super Awards 2023 Touch ‘n Go Sdn Bhd (“Touch ‘n Go”) clinched the Super Aspiring Brand award in the Lifestyle category at the recent Shopee Super Awards 2023 for achieving outstanding sales growth through the Touch ‘n Go Official Store on Shopee. The Super Aspiring Brand winners outperformed their categories in sales growth in 2023 by creating personalised engagements with Malaysian shoppers on Shopee Live and engaging Shopee Affiliates. They also tailored hyper-localised and user-centric shopping experiences via Shopee’s Big Campaigns, Free Shipping, and Coin Cashback programmes Praba Sangarajoo, Chief Executive Officer of Touch ‘n Go said, “We are honoured to be recognised by Shopee Super Awards 2023 as one of the sup...

Up to 50% Off on Vietjet’s entire flight network until 22 January 2024 * Vietjet Air and leading global travel service provider Trip.com Group have signed a Memorandum of Understanding (MOU) to leverage the expertise and resources of both parties to make travel easier and more convenient for travellers around the world. This will be achieved through various initiatives, such as offering Trip.com Group’s products – including hotels, airport transfers, attractions and activities – to customers on Vietjet’s website at www.vietjetair.com. Meanwhile, the Group will provide Vietjet with innovative technologies, such as the Virtual Interline solution to widen Vietjet’s global network footprint, and also share valuable insights to empower Vietjet to make informed decisions to optimise customer experience. Furthermore, the data integration initiative will enable customers to enjoy numerous benefits from both parties’ loyalty programmes. Members of Vietjet SkyJoy and Trip.com Rewards can accumu...

Saudi Arabian Airlines (Saudia), one of the national flag carriers of the Kingdom of Saudi Arabia (KSA), invites you to reflect on a year of extraordinary achievements with a glimpse into its notable milestones in 2023. From groundbreaking partnerships to a transformative rebranding, Saudia’s journey through the past year showcases a commitment to excellence, sustainability, and innovation within the aviation industry. The signing of the agreement between Saudia and Boeing As a proud contributor to Vision 2030, a KSA programme set to increase economic, social, and cultural diversification, Saudia has made great strides this year in boosting the number of visitors to the country. Through numerous successful flights during Hajj from Indonesia and Malaysia, to the introduction of the Seoul-Riyadh and Beijing-Riyadh routes, Saudia has brought travellers to Saudi Arabia from seven destinations, including Beijing, Guangzhou, Jakarta, Kuala Lumpur, Manila, Singapore, and Bangkok. For the afo...

As AirAsia prepares to embark on its next phase of growth, the airline announces two key leadership appointments: Datuk Captain Chester Voo as Deputy Group Chief Executive Officer (Airline Operations) and Farouk Kamal as Deputy Group Chief Executive Officer (Corporate). Both executives will play pivotal roles in shaping the future of the airline group. (From left to right) Tan Sri Tony Fernandes, CEO of Capital A; Tan Sri Jamaludin Ibrahim, Independent Non-Executive Chairman of AirAsia Aviation Group Limited; Farouk Kamal, Deputy Group CEO (Corporate) of AirAsia Aviation Group Limited; Datuk Captain Chester Voo, Deputy Group Chief Executive Officer (Airline Operations) of AirAsia Aviation Group Limited and Bo Lingam, Group CEO of AirAsia Aviation Group Limited at the announcement of AirAsia Aviation Group's new leadership team at AirAsia's RedQ today. Datuk Captain Chester Voo will lead the Airline Operations with a focus on optimising and enhancing efficiencies across...