Wednesday, December 4, 2024

10 New Products to Discover at Sam’s Club in December 2024

Sam's Club warehouse
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There are a lot of benefits to bulk shopping — one trip could stock up your essentials for a month, depending on the size of your household. It’s nice to always bet on your go-to items being in stock, but what about the new goodies that come out every month? Your new favorite snack or go-to household product could be on the shelves waiting for you. You don’t want to miss it.



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Tuesday, December 3, 2024

10 Game-Changing Tips to Maximize Your Retirement Savings

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Retirement may feel like a distant goal, but taking the right steps now can make a huge difference in your financial security later. Even if you’re behind on savings, it’s never too late to start improving your retirement strategy. Here are 10 actionable steps to maximize your retirement savings.



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Here’s Every New Title Coming to Max in December

HBO Max
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If you are a subscriber of Max, read on to find out what shows, movies, documentaries and more are arriving in December. If you are curious about the service or considering signing up for it, we’ve also got details on how you can test it out for free. For more options, check out our articles on the latest offerings from Netflix and Prime Video. Max, formerly known as HBO Max…



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It’s Cyber Monday: Don’t Miss These Deep Discounts on Amazon

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Monday, December 2, 2024

Damansara Specialist Hospital 2 enhances services to meet demand for high-quality heart care

KUALA LUMPUR: Damansara Specialist Hospital 2 (DSH2) is seeing increasing demand for high-quality heart care from Southeast Asia, particularly from Indonesia.

CEO Tan Sok Kheng said there has been a noticeable rise in demand for Minimally Invasive Cardiac Surgery (MICS) from both local and international patients.

“To meet this growing demand, we have been actively expanding our surgical team and investing in modern equipment. Additionally, we offer extensive training opportunities for our doctors and nurses to stay updated on the latest MICS techniques. This enables us to manage increased patient volumes while maintaining the high standards of care they expect,” she told SunBiz.

MICS is a specialised surgical technique that uses small incisions instead of a traditional open approach to treat heart conditions. It reduces trauma, shortens recovery time, and lowers the risk of complications while ensuring effective outcomes.

Tan said to meet demand for DSH2’s MICS, the company is enhancing services that include teleconsultation for pre-surgery assessment, ambassador services for logistics and transportation, and cardiac coordinators – from admission to post-surgery recovery.

“Our MICS innovative approach is a game-changer for many patients, offering faster recovery times, less pain and smaller scars. Coupled with our experienced doctors and personalised approach to care, this has strengthened our local and international reputation,” Tan said, adding that DSH2 recently launched a rehabilitation portal, which enables its healthcare team to remotely monitor patients’ recovery and ensure continuous support until full recovery.

DSH2’s strategic collaboration with the Mayo Clinic Care Network further enhances its capabilities, Tan said.

The collaboration grants exclusive access to the Mayo Clinic’s well-established cardiac surgical approaches and techniques, which DSH2 has integrated into its care model.

“By doing so, we are bringing international standards of care to Malaysia, right to the doorstep of DSH2,“ Tan said.

When asked about steps DSH2 is taking to manage rising medical supply costs, Tan said the company closely monitors pricing and has implemented strategies to manage the fluctuations effectively. These include working with trusted suppliers to secure competitive pricing, streamlining internal processes to reduce waste, and leveraging a central procurement strategy to achieve economies of scale.

“While focusing on cost management, we remain committed to maintaining the quality of care, ensuring our services remain affordable and effective without compromising patient outcomes,“ Tan said.

She explained that DSH2 balances competitive pricing with rising medical supplies and operations costs by regularly reviewing rates through a dedicated pricing committee. This, she added, ensures fair pricing while maintaining quality care.

“To enhance market competitiveness, we offer bundled value-added services like escort and logistics arrangements and collaborate with vendor partners and payors to create valuable packages for patients.

“Our pricing is transparent, with options for payment plans and financing to ease patient burdens. We offer customisable services to cater to diverse needs, including room options ranging from four-bedded to executive suites, with varying price points and amenities,“ Tan said.



Source: The Sun Daily

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Malaysia’s auto industry embracing shift towards sustainability: iMotorbike CEO

KUALA LUMPUR: The global automotive industry is accelerating its shift towards sustainability as the impacts of climate change become increasingly urgent, with transformation driven by stringent environmental regulations, evolving consumer expectations, and the overarching goal of achieving net-zero emissions.

Automakers worldwide are rethinking their production processes to reduce environmental impact, focusing on electric vehicles and adopting sustainable economic and operational principles.

In Malaysia, the automotive sector is embracing this global trend by investing in green technologies, including EV production and energy-efficient manufacturing practices.

However, beyond EVs, the motorcycle industry faces unique challenges in adapting to growing consumer demands for sustainability.

“There is a rising expectation for environmentally friendly practices, but at the same time, consumers also demand high-quality, reliable, and safe products,” Gil Carmo, co-founder and CEO of iMotorbike, said in an interview with SunBiz.

“Balancing these priorities is no easy feat, particularly in a market where affordability often outweighs sustainability.”

Carmo believes the solution lies in adopting circular economy principles, which focus on reducing waste and extending product lifecycles. At iMotorbike, this means encouraging trade-ins, reusing parts wherever feasible, and investing in eco-friendly refurbishing technologies.

“Sustainability and quality are not opposing forces; they can work hand in hand when supported by the right processes and a genuine commitment to the environment,” he said.

Carmo highlighted the potential of preowned motorcycles as part of this sustainable strategy.

Refurbishing and reselling secondhand bikes reduce waste, and affordable transport options are made accessible to more consumers.

“One of the key ways to leverage circular economy principles is by extending the lifecycle of vehicles,” Carmo said.

“Older or damaged motorcycles can be salvaged for parts, which can then be refurbished and sold. This approach lowers production costs, reduces dependence on raw materials, and creates new revenue streams while minimising environmental impact.”

Promoting circular economy practices also strengthens the local ecosystem. Carmo emphasised the importance of supporting local businesses and suppliers involved in parts recovery, repairs, and refurbishment. This community-driven approach can enhance the entire supply chain.

Collaboration within the industry is equally crucial.

Carmo underscored the need for partnerships with recycling facilities and green technology providers to ensure materials that cannot be reused are responsibly recycled. “This kind of cooperation helps close the loop and contributes to the long-term sustainability of the automotive sector.”

Looking ahead, Carmo is optimistic about the future of Malaysia’s transport industry. “We are already seeing early signs of change, and these trends will only accelerate.”

As eco-conscious practices gain traction, Carmo anticipates growing consumer demand for motorcycles that align with green standards through electric models, reduced emissions, or greater fuel efficiency.

He also sees increased trust in preowned vehicles, particularly through platforms such as iMotorbike, which offer a safe and transparent buying experience.

“Consumers are realising that buying secondhand is not just a smart financial decision but also a sustainable one,” Carmo said. “Preowned motorcycles offer an affordable entry point for those who want to contribute to a greener future without the higher costs of new vehicles or EVs.”

By embracing these principles, Malaysia’s automotive sector is poised to lead the way in sustainability, balancing economic viability with environmental responsibility.

“Additionally, with green infrastructure becoming a focus, such as more charging stations for electric vehicles and better urban planning, it is likely that the consumer mindset will shift towards embracing alternative transportation options that support environmental goals- where there might be a rise in motorcycle-sharing schemes or increased interest in short-term rentals,“ Carmo said.

He said iMotorbike is keen to explore ways to scale sustainability-focused initiatives, including expanding the availability of preowned motorcycles. “We recognise that operational efficiency is crucial, and we are open to optimising inventory management, streamlining the refurbishment process as well as collaborating with trusted suppliers who align with our sustainability objectives.”

The motorcycling industry can work closely with government bodies in a few key areas to support Malaysia’s green economic agenda and Budget 2025, Carmo said.

“One important step is to get involved in advocacy – this is specifically where we can work together to create policies that encourage the use of preowned motorcycles as a more environmentally friendly option.”



Source: The Sun Daily

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Sunday, December 1, 2024

AME Elite H1 sales surge on demand for industrial space

PETALING JAYA: Integrated industrial space solutions provider AME Elite Consortium Bhd achieved strong sales of RM359.1 million in the first half ended Sept 30, 2024 (H1’25), up 166.8% from RM134.6 million in the previous corresponding period last year, driven by robust demand for industrial properties at the group’s i-TechValley at SILC industrial park.

i-TechValley at SILC continues to attract major investments from both domestic and international companies, drawn by its strategic location and green design elements. AME Elite’s all-in-one solutions, including design, construction, and property management, make the park more attractive to businesses expanding in Malaysia.

With the strong sales momentum, AME Elite raises its sales target for the financial year ending March 31, 2025 (FY25) to RM550 million, up from its previous target of RM400 million, reflecting its confidence in the growth of the industrial property sector. The optimistic outlook is supported by increasing investment inflows, a robust project pipeline, and Malaysia’s emergence as a key player in the global supply chain and attractive investment destination in Southeast Asia.

Executive director and group CEO Dylan Tan Teck Eng said: “We are seeing accelerated momentum in FY25 driven by robust demand for our industrial space solutions. Our strong track record demonstrates Malaysia’s attractiveness as a prime destination for businesses seeking strategically located industrial facilities. Our integrated solutions encompassing design, construction, and property management continue to attract leading domestic and international companies to our developments. We are well-poised for sustainable growth. Our expansion into Penang with Northern TechValley @ BKE, along with future projects in Selangor and the JS-SEZ, further strengthen our leadership in providing industrial space solutions.”

In addition to its strong sales performance, AME Elite is expanding its industrial park footprint across Malaysia. The group recently launched its latest development of 175.6-acre Northern TechValley @ BKE in Penang with a GDV of RM1.3 billion. Construction of infrastructure works for the park commenced in August 2024, supported by strong interest from businesses seeking prime industrial space in Penang.

AME Elite also has plans to develop industrial parks in Ijok, Selangor, a strategic location within the Greater Klang Valley, after entering a shareholders’ agreement with KLK Land Sdn Bhd in October 2024 to jointly develop a 151.2-acre industrial park.

Additionally, the group entered into an MoU with SD Guthrie Bhd to jointly develop a green industrial park in the Johor-Singapore Special Economic Zone (JS-SEZ).

In its results for the second quarter ended Sept 30, 2024 (Q2’25), AME Elite reported increased net profit of RM22.4 million compared to RM21.8 million in the previous year. Revenue amounted to RM187.2 million compared to RM233.3 million, with the shift attributed to the timing of revenue recognition on property development projects, as some projects were in earlier stages of completion. The lower property development contribution was partially offset by revenue growth in the construction, engineering services, as well as property investment and management segments.

The property development segment contributed revenue of RM73.4 million in Q2’25 versus RM138.8 million, mainly due to the lower stages of work completed and the timing of income recognition compared to the previous corresponding quarter.

Meanwhile the construction segment recorded an 18.7% increase to RM63.2 million in Q2’25 from RM53.3 million. Similarly, the engineering services segment achieved a 27.3% revenue growth to RM32.1 million from RM25.2 million. These increases were primarily attributed to the progression in the stage of completion of the on-going construction and engineering projects.

Furthermore, the property investment and management services segment delivered 4.4% revenue growth to RM18.4 million from RM16.1 million, driven by additional units of factory leased by tenants and higher rental income generated from workers’ dormitories.

In line with the positive results, AME Elite declared an interim dividend of 3 sen per share amounting to a payout of RM19.2 million in respect of FY25, with ex-date on Dec 12, 2024 and payable on Dec 30, 2024.

To date, AME Elite has launched five industrial parks in Johor and one in Penang, including notable developments such as the 205.2-acre i-Park @ Indahpura, the 195.0-acre i-Park @ Senai Airport City, the 169.8-acre i-TechValley at SILC and the latest 175.6-acre Northern TechValley @ BKE. These projects have garnered substantial investments from multinational and local corporations across various sectors including precision engineering, pharmaceutical manufacturing, logistics, warehouse and storage, electrical and electronics manufacturing, research and development, and assembly operation.



Source: The Sun Daily

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Growing affluent segment drives demand for wellness, health-related products: Allance Islamic Bank CEO

KUALA LUMPUR: A growing affluent segment in Malaysia is driving demand for wellness and health-focused products, said Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim.

He noted that in Malaysia and Asia, there has always been greater openness towards both medical and alternative medicine products complementing each other.

“In Malaysia, I think there is greater openness, perhaps even more. I think just generally across the world, when communities become much more affluent, they start thinking much more in terms of wellness and health,” he told SunBiz after the listing of OB Holdings on the ACE Market of Bursa Malaysia.

He said Malaysia has reached the level where there is a generally growing affluent segment that is looking for the products which OB Holdings is offering.

“We also see this trend globally, particularly in European and North American markets. This is why we feel OB Holdings has huge potential to grow because the demand for the product is already there.”

Rizal said the IPO that OB Holdings was undertaking was well-timed.

“Number one, because there is growing demand for what they are offering,” he said.

Additionally, he noted, “We have a very vibrant stock market at this point in time, driven by global economic situations and global interest rates. So, I think it’s just the right time for OB Holdings to go public with their shares.”

Alliance Islamic Bank was the principal adviser, sponsor, sole underwriter, and placement agent for the ACE Market’s fortified food and dietary supplement manufacturing company OB Holdings IPO exercise.

At the time of OB Holdings’ listing, it was the only health and wellness related IPO this year. Other health and wellness companies listed on Bursa Malaysia include Nova Wellness Group Sdn Bhd and DXN Holdings Bhd.

OB Holdings shares gained 4.17% on the company’s market debut on Oct 29, closing at 25 sen compared with its IPO price of 24 sen. By the close of trading last Friday, the company was valued at RM83.64 million on Bursa Malaysia’s ACE Market.



Source: The Sun Daily

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IRS Employees Were Caught Using ChatGPT — and It’s a Problem, Watchdog Says

IRS building in Washington, D.C.
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The IRS isn’t exactly known for its use of cutting-edge technology. The federal agency still accepts paper tax returns and can take years to send delayed tax refunds. Yet the IRS has enough artificial intelligence (AI) projects that they couldn’t initially provide an accurate number to the Treasury Inspector General for Tax Administration (TIGTA) — an independent federal agency that oversees the…



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