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Daily Archives: July 5, 2019

Trip.com partners Mediacorp for Star Search 2019

Widening outreach with Singapore

SINGAPORE, July 05, 2019 (GLOBE NEWSWIRE) — Trip.com, an independent international brand and part of Ctrip Group, the largest online travel agent in Asia and the second largest in the world, partners Mediacorp in an extensive partnership for Star Search 2019 – Mediacorp’s iconic talent discovery platform, which has produced many popular celebrities like Zoe Tay, Chew Chor Meng, Felicia China and Romeo Tan since 1988. Star Search 2019 is the 11th edition of the show.

After a nine-year hiatus, Star Search 2019 marks the return of Mediacorp’s popular competition, attracting 1,200 hopefuls from Singapore, Malaysia, China, Indonesia, Taiwan, Japan, Hong Kong, Canada, Australia, UK, Macau who showed up at two open auditions in May at Ngee Ann City and Bugis+.

As the official travel partner, Trip.com in Singapore will also be sponsoring a trip for the final winner of Star Search and a chosen mentor or alumni. This will be filmed as a travelogue for TV broadcast.Trip.com partners Mediacorp for Star Search 2019

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ccda69c-6f5d-42eb-ac2b-65f3dc6f1dfa

With 24/7 customer service and available both on website and mobile app and in 19 languages, Trip.com offers comprehensive travel products and services to millions of members worldwide. With a large inventory of over 1.2 million accommodation, 2 million individual flight routes, local attractions and things to do our aim is to provide, all travelers and the final winner of Star Search, a trip of his or her dream.

Edmund Weng, General Manager of Trip.com Singapore and Malaysia, said, “We are delighted to be the only and official travel partner with Star Search. As a popular talent discovery platform, our partnership will ensure that Trip.com remain by the side of all who are ready to take a trip. Live your dreams and take the trip with Trip.com.”

“Just as Trip.com promises seamless connections for travellers around the world, Star Search brings promising talents on a flight of discovery to unearth their inner stars. As we move into the next phase of the competition, Mediacorp is thrilled that Trip.com has come on board as a partner. We can’t wait to journey together with the rest of Singapore to find out who among the 24 fresh talents will be next to shine at the studios of Stars Avenue,” said Mediacorp’s Chief Commercial and Digital Officer, Parminder Singh.

About Trip.com

Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, Trip.com provides one-stop travel booking services in 19 languages through our website and mobile app. We are a part of the Ctrip Group, a NASDAQ listed company since 2003 (NASDAQ: CTRP) with over 30,000 employees and over 300 million members, making it one of the leading online travel agencies in the world.

With more than 1.2 million hotels in 200 countries and regions, we’ve built an extensive hotel network to give our customers a fantastic choice of accommodation. Our far-reaching flight network has over 2 million individual flight routes connecting more than 5,000 cities around the globe. When you combine this with our 24/7 English customer service and various other travel products, you can trust us to take care of your next trip.

About Mediacorp

Mediacorp is Singapore’s largest content creator and national media network, operating six TV channels, 11 radio stations and multiple digital platforms including CNA, Singapore’s most used news app, and Toggle, its digital video platform. Its mission is to engage, entertain and enrich audiences by harnessing the power of creativity.

Mediacorp pioneered the development of Singapore’s broadcasting industry, with radio broadcast in 1936 and television broadcast in 1963. Today, it reaches 98% of Singaporeans in four languages and has a growing Asian audience base through CNA as well as entertainment content that is distributed across markets in the region.

The Mediacorp Partner Network brings Mediacorp together with industry-leading brands like ESPN, Edipresse Media, 99.co and VICE to deliver rich content for consumers and effective solutions for advertisers.

Mediacorp is the recipient of industry accolades including New York Festivals, World Media Festivals, PromaxBDA (World and Asia) and Asian Academy Creative Awards.

For more information, please visit mediacorp.sg.

For further information, please contact:

International PR
Ctrip.com International, ltd.
Tel: (+86) 21 3406 4880 ext 196455
Email: Pr@ctrip.com

Mark Tan
Communications Specialist
Mediacorp Pte Ltd
Email: mark.tan@mediacorp.com.sg


NoorLine launches a free 24 hour Culturally Sensitive online therapy website

DETROIT, July 05, 2019 (GLOBE NEWSWIRE) — NoorLine, a free anonymous distress line launches out of Detroit this week to help bring 24 hour peer to peer anonymous emotional support to distressed individuals worldwide. Trained Muslim volunteer listeners man their keyboard, not phone lines, to provide mental health support and even just general interaction via direct messaging from the www.noorline.org website.

NoorLine works similar to a distress or mental health hotline except it uses direct messaging to connect volunteers to distressed individuals, not phone lines which eliminates regional restrictions. After going to the NoorLine website and creating an account users can browse and choose from a list of Muslim listeners, after choosing their listener they can then use the messaging feature to start communicating with them. Individuals can also choose to be a listener by completing a free 10 minute online training session.

Founder Faisal Khan created NoorLine after a friend he knew from overseas had mentioned a few times about needing someone to talk to and that there were no local hotlines available and that the hotlines in Europe and North America were inaccessible for him. “The best part of this service is that since our listeners take direct messages from their personal accounts on the NoorLine website they can provide culturally sensitive emotional support for Muslims and non Muslims located anywhere in the world.” Says founder Faisal Khan, who is also founder of the professional mental health website www.therapyline.org.

World events over the years have led to depression and anxiety among Muslims and Non Muslims alike, NoorLine is not only looking to provide a place where both Muslims and non Muslims can get anonymous secure emotional support for things like stress, anxiety, depression, addiction and more but also where Non Muslims can perhaps have a chance to meet a Muslim and perhaps open some dialogue if they want. “In a time where world wide anxiety is at an all time high for both Muslims and Non Muslims alike, a platform like this can really help a lot of people out and hopefully even start building bridges between communities.” Mr Khan hopes. Anyone interested in getting free anonymous help or signing up as a listener can go to www.noorline.org.

734 407 9626

Tasek’s shareholders get more time on takeover offer

KUALA LUMPUR, The closing time and date for acceptance of the unconditional voluntary takeover offer from HL Cement (Malaysia) Sdn Bhd (HLCSB) and Ridge Star Ltd (RSL) to Tasek Corp Bhd’s (Tasek) minority shareholders has been extended to 5 pm on July 22 from July 9.

CIMB Investment Bank Bhd in a statement today on behalf of the joint offerors, said all other details and the terms and conditions, as set out in the offer document remain unchanged.

“The notice of closing date will be despatched to the holders accordingly. Holders are also advised to carefully consider the Independent advice circular dated June 28 before making any decision, it added.

Singapore-listed Hong Leong Asia Ltd (HLA) is the entity behind the takeover offer, reportedly involving a deal worth an estimated RM128.61 million, based on the offer price of RM5.50 for every ordinary share as well as the preference share.

On May 28, Tasek received an unconditional voluntary takeover offer from HLCSB and RSL – the two subsidiaries which HLA uses to control Tasek – to acquire the remaining shares they do not own in the cement maker.

Source: BERNAMA (News Agency)

Hengyuan approves US$26.61 mln funding for Euro 5 gasoil project

KUALA LUMPUR, Hengyuan Refining Company Bhd has approved the full fund release of US$26.61 million (US$1=RM4.13) for the Euro 5 gasoil project, to be executed within its refining complex in Port Dickson.

It said the project is one of the three regulatory-driven investments that had been outlined in the company’s strategy to continue to operate as a refinery and to remain competitive within the industry.

The other two regulatory-driven investments are the production of Euro 4 Mogas and compliance with the Clean Air Regulations which were announced previously.

The project is undertaken to revamp the existing Hydro Desulfurisation Unit No 2 to meet the 10 parts per million by weight (ppmw) sulphur specification by September 2020 and to re-instate the unit capacity to 6,300 tonnes per day, it said in a filing to Bursa Malaysia.

Hengyuan said the main purpose for the full fund release was to enable the company to produce Euro 5 gasoil with reasonable unit shutdown intervals at the lowest possible capital expenditure commitment.

The project will be financed using a mix of cash flow generated from operations and drawdowns on the existing borrowing facilities.

Source: BERNAMA (News Agency)

Forum to highlight business opportunities, prospects in Selangor

KUALA LUMPUR, The opportunities, potentials and promises for businesses in Selangor will be highlighted at the Selangor: Regional Powerhouse forum to be held here on July 23.

Menteri Besar Selangor Incorporated (MBI Selangor) said the event will also showcase how Selangor has the ideal ecosystem and infrastructure to be the nucleus of the ASEAN Economic Community (AEC) vision.

The forum will, among others, feature a high-level plenary session comprising policy makers and industry leaders to discuss investment opportunities in Selangor and how state government and industries can work together for mutual benefit.

There will also be three breakaway sessions by policy makers and industry leaders on how Selangor can become the hub for smart cities for sustainable living, aviation and aerospace, and future technology, MBI Selangor said in a statement today.

The speakers include Selangor Menteri Besar Amirudin Shari, Invest Selangor chief executive officer (CEO) Datuk Hasan Azhari Idris, Netherlands ambassador to Malaysia Karin Mossenlechner, HSBC Malaysia CEO Stuart Milne, Westports Holdings Bhd chairman Tan Sri G. Ganalingam, Sapura Energy Bhd CEO Tan Sri Shahril Shamsuddin and Nokia regional managing director Datuk Siva Shanmugam.

The event is organised in collaboration with the IBR Asia Group.

As part of the journey in achieving the Smart State vision for 2025, the Selangor state government, through MBI Selangor, is creating a roadmap of regional cooperation and dissemination of information.

MBI Selangor, established under the Selangor Menteri Besar Enactment in September 1994, acts as a corporate body which was set up specifically to administer state-owned assets and investment management and represent the state government in carrying out any outsourced business under the the latter’s jurisdiction.

Source: BERNAMA (News Agency)

Khazanah’s asset divestment enables fund to crystalise investment

KUALA LUMPUR, Khazanah Nasional Bhd’s divestment of almost RM50 billion worth of assets in less than 10 years is to enable the sovereign wealth fund to crystallise the value of its investments and to fund its operations as well as investment activities.

Phillip Capital Management Asia-Pacific senior vice-president (Investment) Datuk Dr Nazri Khan Adam Khan said apart from funding Khazanah’s operations, the proceeds from the divestments are also used to fund bleeding strategic assets such as Malaysia Airlines.

Khazanah is doing its best to execute its mandate which is to grow Malaysia’s long-term wealth, invest in strategic projects and help the government to boost the economy, he told Bernama recently.

Nazri said another factor that could be influencing Khazanah’s investment activities is the shift in the country’s focus from traditional economy, such as petroleum and tourism, to digital economy.

Nevertheless, he said the fund must make new investments to compensate for assets which have been sold.

Economist-turned-entrepreneur Izzuddin Yusof said it is normal for a fund to divest its investment once the objective of the investment is met.

Even sovereign funds have a limit and hence they have to continuously invest and divest for the best position, he said.

He said as a strategic sovereign wealth fund dealing with the change in the government, it is understandable that the new government has a different idea on the direction of the economy.

However, Izzuddin said the divestment should be done gradually to avoid disrupting the economy and the financial market.

According to previous reports, Khazanah had indicated that asset divestments are a common business activity practiced by the fund.

From 2009 to 2017, the fund made 80 divestments worth RM45.30 billion, and the proceeds are normally used for new investments and debt reduction and not directly channeled to the government.

Unlike other sovereign wealth funds, pension/retirement funds or investment funds such as the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB), Khazanah does not receive any fixed capital injection from outside sources for its investments, it said.

For example, the EPF receives funds from regular employee contributions while PNB receives funds from its unit trust investors.

Khazanah said it deliberates over opportunities for disposal on a case-by-case basis based on financial and strategic targets, and certain assets can be considered for disposal as soon as the objectives and target returns are met.

The disposals also depend on the time and strength of the market as well as the availability, quality and credibility of the buyer, it said, adding that the principle applies to previous and future disposals.

Source: BERNAMA (News Agency)

Direct enquiries on investing in Penang increasing, says Chow

GEORGE TOWN, Penang has been receiving an increasing number of direct enquiries on investment opportunities from foreign investors, especially Taiwan, amid the trade war between the United States and China.

Chief Minister Chow Kon Yeow said today that Taiwan had always been among the top five investors in the state.

“Resulting from the trade war, there has been an increase in the number of enquiries from various businesses to set up manufacturing facilities in Penang. Right now, Taiwanese companies are among the top five investors in Penang.

“I believe, even without a trade war, there are ample opportunities for Taiwanese businesses to invest in Penang. We welcome such investments,” he told a press conference at the opening of the Taiwan Expo 2019, here.

He said Taiwan had been able to position itself in many sectors and become a powerhouse, particularly in the information, communication and technology (ICT) sector, which could hand limitless opportunities to Penang.

Chow said Penang also welcomed Taiwanese investors to invest in medical devices and even set up a hospital in the state, as it had a strong electric and electronics (E and E) cluster, which could support other sub -sectors.

“Medical devices is one of the sectors that has seen very impressive growth in Penang. Hopefully with Penang’s position, Taiwanese investors will look at our infrastructure, supply chain, logistics hub, culture, talent pool and living environment, as a place for them to come,” he added.

Meanwhile, Chairman of the Taiwan External Trade Development Council (TAITRA), James C F Huang, who was also present at the press conference said he was very optimistic that the Taiwan Expo in Penang would generate better friendship and momentum for business cooperation.

“This is our first expo in Penang and we are very honoured to come to here. The previous two expos were held in Kuala Lumpur. Penang is special, as it has Unesco World Heritage status. That is also why we decided to come to Penang.

“For this year’s Taiwan Expo, we are focusing more on smart cities, the Industrial Revolution 4.0, green technology, healthcare and elements of the Taiwanese cultural lifestyle, such as bubble tea. I am sure it will be rewarding to visit our show. We are trying to put on display the best products, technology and innovation,” he added.

The two-day expo, which started today, is showcasing products from 140 Taiwanese manufacturers across 110 booths.

It gives visitors an opportunity to learn about Taiwan’s internationally renowned smart city technologies, Industry 4.0, green technology, medical care, trending lifestyle products, tourism, and Taiwanese delicacies, as well as visit the special Halal Taiwan Pavilion.

The event is expected to generate significant business opportunities between Taiwan and Malaysia for the third year running.

Source: BERNAMA (News Agency)