MEDAC helping to revive transport industry after COVID – Noh Omar

KUALA LUMPUR, April 26 (Bernama) — The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will continue to assist in the revival of the transportation industry after being affected by the COVID-19 pandemic.

Its minister Tan Sri Noh Omar said the industry was also seen to have the opportunity to grow more rapidly in the future.

“When the price of goods goes up, people will link it to high transportation cost and all sorts of other things associated with transportation.

“Indeed, without transportation our mobility is restricted. That is why we have to help revive the transportation industry, especially the ones that have been affected a great deal,” he said after the officiating of four new lorries of Mesra Indah Jaya Transportation (MIJ) at the MIJ Depot in Dataran Pahlawan today.

He said among the efforts made was the launch of a new financing product known as Commercial Hire Purchase Financing-i to strengthen the socio-economy of entrepreneurs.

“The Consumer Credit Act which governs the regulatory arrangements for all consumer credit activities also needs to be implemented immediately so that lending control and coordination activities can be carried out more effectively,” he added.

MIJ is a 100 percent Bumiputera company that has been entrusted with the delivery of medicines and vaccines together to Pharmaniaga.

The company also ships Kentucky Fried Chicken (KFC) and Pizza Hut raw materials to the Klang Valley and north and south of the peninsula.

“Delivery to the East Coast, namely, Pahang, Terengganu and Kelantan, however, cannot be done currently as there are not enough lorries to meet the demand from KFC and Pizza Hut,” said the statement.

Source: BERNAMA News Agency

Aidilfitri: LLM TMC to provide latest, accurate highway traffic information – Fadillah

DENGKIL, April 26 (Bernama) — The Malaysian Highway Authority’s (LLM) Traffic Management Centre (TMC) and 25 highway concessionaires’ traffic control centres will be the focus of motorists to obtain and report the latest traffic information during the Aidilfitri holiday.

Senior Works Minister Datuk Seri Fadillah Yusof said TMC was always ready to monitor traffic on the highways to provide accurate and up-to-date traffic information.

This is because he said congestion in certain locations is expected to occur due to the increase in the number of vehicles plying the highways during Aidilfitri holiday this year, after two years of being prohibited to travel interstate due to the COVID-19 pandemic.

“TMC of LLM and highway concessionaires’ traffic control centres will operate 24 hours daily from April 29 to May 9. Motorists are advised to contact TMC at the hotline 1-800-88-7752 to get information on the latest situation on the highway,” he said after launching the highway safety campaign in conjunction with Aidilfitri celebration, themed “Keluarga Malaysia, Perjalanan Selamat”, at the Dengkil rest and service (R&R) Area, here today.

Also present was the president of the Malaysian Highway Concessionaires Association (PSKLM) Datuk Zakaria Ahmad Zabidi.

Fadillah also advised motorists, especially those who use the North-South Expressway, KL-Karak Expressway, East Coast Expressway 1 (Karak-Jabor) and East Coast Expressway 2 (Chenor-Kuala Terengganu) to use the travel time advisory (TTA) to plan their ‘balik kampung’ journey and back to the city.

He said that the TTA was provided by the concessionaires as a recommendation to motorists based on the projected traffic trends and travel time from certain destinations.

Fadillah also advised motorists to have enough balance for Touch ‘n Go cards or RFID e-wallets for smooth travel.

He said that concessionaires had also been instructed to implement initiatives such as increasing the number of highway operations and maintenance task forces, increasing the frequency of patrols by patrol teams to deal with any accidents or other incidents and the provision of emergency relief teams and enforcement agencies comprising the Ministry of Health, Royal Malaysia Police, Road Transport Department and Fire and Rescue Department.

Source: BERNAMA News Agency

Chris McLernon to lead global real estate services reporting to Jay Hennick

Davoud Amel-Azizpour named CEO of EMEA Region

TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — Leading global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the appointment of Chris McLernon as Chief Executive Officer of Real Estate Services| Global. McLernon will be based in the firm’s global headquarters in Toronto, reporting to Global Chairman & CEO Jay Hennick. Davoud Amel-Azizpour, currently Chief Financial Officer of EMEA, will succeed McLernon as CEO of the EMEA region. Both appointments, which are effective July 1, 2022, reinforce Colliers’ continued leadership in the industry and commitment to accelerate the success of its people and clients.

McLernon will focus on overall growth, operational excellence, and client relationships within Colliers’ rapidly growing real estate services operations. He will have direct oversight of Colliers’ Capital Markets, Leasing and Outsourcing & Advisory businesses globally, with emphasis on accelerating growth, enhancing global collaboration, and strengthening our unique culture and way of doing business.

McLernon brings a wealth of experience growing Colliers’ businesses and has played an important role in building the Colliers brand into the leading global player it is today. Since joining the company in 1987, his enterprising spirit earned him increasingly senior positions culminating in his role of CEO of EMEA.

“Chris’ appointment reflects the success of his longstanding career with Colliers. Over the past 12 years as EMEA’s leader, Chris was instrumental in growing the region from $30 million to over $700 million in revenues while delivering exceptional client results, creating a great culture for our professionals, and driving operational excellence. With Chris’ experience, commitment, and track record as a leader, we are even better positioned to achieve our ambitious 2025 growth plan,” said Hennick.

Amel-Azizpour has extensive real estate experience, having worked closely with McLernon over the past nine years at Colliers, most recently as the CFO of EMEA. Amel-Azizpour is a trusted partner within the broader regional leadership team, with both the intimate knowledge of EMEA’s operations and strategic vision to advance Colliers’ position.

“Dav’s well-established reputation, deep understanding of our EMEA business, and his embodiment of Colliers’ unique culture makes him a natural fit to succeed Chris. I am confident he will excel in his new role and continue to drive growth and profitability throughout our EMEA business during this dynamic time,” continued Hennick. “Chris and Dav are both strategic, results-oriented leaders whose contributions to Colliers over many years make them ideal candidates to fulfill their new roles. I am extremely proud of both and excited to watch as they continue enhance the scale and reputation of our company in the years to come,” he concluded.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Media Contact:

Andrea Cheung
Global Manager, Communications
Andrea.Cheung@colliers.com
(416) 324-6402