Latest news with #RM6.36
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
GuocoLand unit ordered to pay RM6.4m in arbitration; completes RM50m MTN issuance
GUOCOLAND (Malaysia) Bhd's wholly owned subsidiary GLM Emerald Hills (Cheras) Sdn Bhd has been ordered to pay RM6.36 million to Barisan Performa Sdn Bhd in an arbitration proceeding over a terminated construction contract. In a filing with Bursa Malaysia today, GuocoLand said the dispute stemmed from a contract under which Barisan Performa was appointed to carry out site clearance, earthwork and related works. The contract was subsequently terminated, with GLM Emerald Hills maintaining that the termination was mutually agreed. However, Barisan Performa contended that the termination constituted a repudiation of contract. On June 16, 2025, the arbitrator awarded Barisan Performa a total of RM6.4 million. This comprises RM1.24 million for work done and materials left on site, and RM5.12 million for loss of profit arising from what was deemed to be an unlawful repudiation. The award also includes 5% annual interest on the sum due until full payment, as well as incidental costs amounting to RM414,487.94. GuocoLand noted that it had previously recognised a provision of RM1.24 million, resulting in an estimated net financial impact of RM5.54 million from the award. The company added that GLM Emerald Hills is consulting its solicitors on the next course of action, including the possibility of setting aside the award. In a separate announcement, GuocoLand said it has completed the issuance of RM50 million in nominal value of unrated medium term notes (MTN), marking the first tranche under its RM500 million MTN programme announced in March this year. The one-year MTN, issued today, carries a periodic distribution rate of 4.27% per annum and will mature on June 18, 2026. Proceeds from the issuance, along with internal funds, will be used primarily to fully settle outstanding revolving credit facilities – RM7.4 million with Bank of China (Malaysia) Bhd and RM32.5 million with Bangkok Bank Bhd. The balance will be allocated for working capital. Hong Leong Investment Bank Bhd is acting as the principal adviser, lead arranger, lead manager, and facility agent for the MTN programme, which is part of GuocoLand's broader capital management strategy. — TMR
Rakyat Post
06-05-2025
- Business
- Rakyat Post
What Will Happen To Marketing In The Age Of AI
By Faiz Alavi and Adi Farhan This story was first published on our tech-focused website As the digital age reshapes at lightning speed, Artificial Intelligence (AI) is transforming industries across the board—marketing is no exception. With businesses increasingly turning to AI-powered tools, the marketing landscape is undergoing rapid change. Here's a comprehensive look at how AI is revolutionising the industry and what it means for the future. The Growing AI Market The global AI market is experiencing explosive growth, with its valuation projected to reach RM6.36 trillion (USD 1.34 trillion) by 2030, growing at a staggering compound Major players like AI Adoption in Marketing AI has become a key component of modern marketing strategies. The Impact of AI on Marketing Strategies Automation: AI tools can automate repetitive tasks such as data collection, content creation, and campaign optimisation. This allows marketers to focus on strategic initiatives while improving overall efficiency. Personalisation: AI enables hyper-targeted campaigns, creating personalised experiences based on customer behaviour and preferences. This helps brands connect with their audience on a deeper level, driving higher engagement and loyalty. Predictive Analytics: AI is revolutionising how marketers forecast trends and anticipate customer needs. Predictive analytics allows for more informed decisions, reducing risks and improving outcomes. Barriers to AI Adoption Despite its growing presence, AI adoption in marketing still faces challenges. AI's Role in Enhancing ROI and Efficiency Businesses that invest in AI-driven marketing report impressive results. The Future of AI in Marketing As AI technology evolves, its potential applications in marketing will continue to expand. Generative AI is expected to play a significant role in enhancing customer targeting, with many marketers believing that AI can outperform humans in certain tasks. Moreover, with AI is no longer just a buzzword—it's a transformative force in the marketing world. From automating tasks to delivering personalised customer experiences, AI is helping businesses stay competitive and achieve better results. As AI technology continues to advance, marketers must embrace these changes and leverage AI's capabilities to maximise their impact. Get more stories like this to your inbox by signing up for our newsletter.
