2 articles on ICT from newspaper (Current Entry) - 8th July 2011
POS Malaysia Bhd (4634) will spend some RM 50 million to upgrade its information and communications technology (ICT) infrastructure and on a re-branding exercise to transform the national postal company's business platform.
Since the mailing trend has been slowing down over the years, it has been looking for other income streams that offer higher margin services.
In July, Pos Malaysia teamed up with Malayan Banking Bhd (Maybank) and RHB Bank Bhd to offer the banks' financial services at post offices.
This follows the trend among postal companies around the world, where financial services are one of the largest contributors to their profit.
Group managing director and chief executive officer Datuk Syed Faisal Albar hopes the group will be able to begin offering the financial services by the first quarter of next year.
"Our pilot project with RHB Bank at selected post offices started in May this year. At Pos Malaysia, we offer financial services like consumer loans, money transfers, withdrawal and cash deposits," he said in Kuala Lumpur yesterday.
It was earlier reported that he expects financial services to generate more than half of Pos Malaysia's revenue in the future.
Currently, financial services are handled by Pos Malaysia's retail arm, Posniaga which contributes about 30 per cent to Pos Malaysia's total revenue, while financial services generate 17 per cent of Posniaga's revenue.
Pos Malaysia saw its net profit dip 31 per cent to RM38.5 million in the first half of this year as revenue fell particularly from its postal and related services. The group was also faced wit higher operating costs.
BY : Zurinna Raja Adam ( News Straits Times) Friday, July 08, 2011, 06.47 AM
Senior GM Francis Quits MAS After 6 years
PETALING JAYA: Malaysia Airlines (MAS) senior general manager (sales and marketing) Datuk Bernard Francis has called it quits about five months ahead of the expiry of his contract.
Francis, who had been at the carrier for nearly six years, handed in his resignation letter on July 3, and on July 5 MAS managing director Tengku Datuk Azmil Zahruddin, who is also now the commercial director, sent an e-mail to the management team informing them about Francis' departure and that a restructuring was on the cards.
Azmil's letter did not explain why Francis quit and he also did not offer a reason. However, Francis did say that “the months ahead will give me enough time to look at new opportunities. For now I want to take a short break.”
Asked if he had to pay the company for giving the 24-hour notice, Francis said: “We are working out an amicable solution.''
Due to his departure, and as part of the restructuring, all the regional senior vice presidents, who were relocated to the Subang office, will now report to the commercial director.
Other than the six, there is speculation that the head of MASKargo and Enrich may be re-designated to take on a bigger role following Francis' departure, but this could not be verified at press time.
The move to bring back the six regional heads was “done to ensure better coordination and cooperation among sales, revenue management, network and distribution.'' However, it is too early to see the impact of this on MAS bottomline.
In a recent interview with StarBiz, Francis said the airline had recorded 18% and 10% higher international and domestic pre-loads respectively for the second half of this year compared with the same period in 2010.
He had also been instrumental in changing the way the front end of the cabin was marketed and that in a short time span he managed to bring in the results by hitting 23% against the 25% target set for revenue contribution for the year. The 25% target would translate to MAS earning RM650mil in revenue from the front end.
Francis joined MAS in December 2005 as executive vice president of network & revenue management from rival AirAsia Bhd after being cajoled by the then-MD of MAS, Datuk Seri Idris Jala.
As head of network and revenue management, Francis had instituted the dynamics of pricing management and precise inventory management practices that led to the highest yield and operating profit ever achieved in the 40 years of history of MAS in the year 2007.
He also played a big role in the rationalisation and optimisation of the international and domestic route networks to provide the optimum aircraft utilisation and the highest return on asset.
In November 2008 Francis took on a new post as executive vice president of global sales and marketing to bring in revenue management and pricing capabilities to transform MAS sales organisation. He was also the regional manager for Malaysia/Asean.
As the EVP of global sales and marketing, he had lead the sales team in the most difficult times of the aviation history where the industry was plagued with many challenges.
With the changes he instituted the airline in 2009 and 2010 achieved its highest seat factor in the last 10 years and it also managed to achieve operational profit despite challenging times.
In the last two years, he made more than 50 changes by rotating, removing and bringing in the right people for the right job in the sales organisation and in 2011 MAS should achieve the highest seat factor ever in the history of the company.
At AirAsia he was one of the founding team members and responsible for strategic and commercial planning to restructure the company's revenue and cashflow management, debt restructuring, overall business profitability and viability options, pricing and routes, sourcing and setting up of a new reservation system that best suited the low-fare airline's distribution platform.
Due to his departure, and as part of the restructuring, all the regional senior vice presidents, who were relocated to the Subang office, will now report to the commercial director.
Other than the six, there is speculation that the head of MASKargo and Enrich may be re-designated to take on a bigger role following Francis' departure, but this could not be verified at press time.
The move to bring back the six regional heads was “done to ensure better coordination and cooperation among sales, revenue management, network and distribution.'' However, it is too early to see the impact of this on MAS bottomline.
In a recent interview with StarBiz, Francis said the airline had recorded 18% and 10% higher international and domestic pre-loads respectively for the second half of this year compared with the same period in 2010.
He had also been instrumental in changing the way the front end of the cabin was marketed and that in a short time span he managed to bring in the results by hitting 23% against the 25% target set for revenue contribution for the year. The 25% target would translate to MAS earning RM650mil in revenue from the front end.
Francis joined MAS in December 2005 as executive vice president of network & revenue management from rival AirAsia Bhd after being cajoled by the then-MD of MAS, Datuk Seri Idris Jala.
As head of network and revenue management, Francis had instituted the dynamics of pricing management and precise inventory management practices that led to the highest yield and operating profit ever achieved in the 40 years of history of MAS in the year 2007.
He also played a big role in the rationalisation and optimisation of the international and domestic route networks to provide the optimum aircraft utilisation and the highest return on asset.
In November 2008 Francis took on a new post as executive vice president of global sales and marketing to bring in revenue management and pricing capabilities to transform MAS sales organisation. He was also the regional manager for Malaysia/Asean.
As the EVP of global sales and marketing, he had lead the sales team in the most difficult times of the aviation history where the industry was plagued with many challenges.
With the changes he instituted the airline in 2009 and 2010 achieved its highest seat factor in the last 10 years and it also managed to achieve operational profit despite challenging times.
In the last two years, he made more than 50 changes by rotating, removing and bringing in the right people for the right job in the sales organisation and in 2011 MAS should achieve the highest seat factor ever in the history of the company.
At AirAsia he was one of the founding team members and responsible for strategic and commercial planning to restructure the company's revenue and cashflow management, debt restructuring, overall business profitability and viability options, pricing and routes, sourcing and setting up of a new reservation system that best suited the low-fare airline's distribution platform.
EPF Launches campaign to update members' information
The Employees Provident Fund (EPF) is launching a nationwide campaign to update members’ information and addresses via advertisements placed in leading dailies beginning July 15 to July 30, 2004, as part of its efforts to provide efficient services.
A series of advertisements reminding members to update their particulars, will be published in major print media in all languages.
Members will only need to complete a form which is printed in the newspapers along with the advertisement. Upon completing the form, members have to submit it to any EPF office or Customer Service Counters nationwide. Alternatively, they can post the forms to the EPF Member Services Department at 11th Floor, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur.
“The campaign, which provides members with an additional channel to update their particulars with the EPF, is part of a larger initiative to provide better services to members. The EPF will continue to provide more convenient and clear communication channels to members,” said its Senior Public Relations Manager, Nik Affendi Jaafar.
The updating of members’ information will be a continuous drive. It will help ensure that withdrawal applications can be processed speedily since members’ particulars are already updated and accurate. Members will also receive their statement of accounts which will be sent to their latest preferred address.
The form (Borang Pengemaskinian Alamat Ahli KWSP 1866 (AHL)(pin) is also available at this website beginning 15 July 2004 or any EPF offices and Customer Service Centres nationwide.
A series of advertisements reminding members to update their particulars, will be published in major print media in all languages.
Members will only need to complete a form which is printed in the newspapers along with the advertisement. Upon completing the form, members have to submit it to any EPF office or Customer Service Counters nationwide. Alternatively, they can post the forms to the EPF Member Services Department at 11th Floor, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur.
“The campaign, which provides members with an additional channel to update their particulars with the EPF, is part of a larger initiative to provide better services to members. The EPF will continue to provide more convenient and clear communication channels to members,” said its Senior Public Relations Manager, Nik Affendi Jaafar.
The updating of members’ information will be a continuous drive. It will help ensure that withdrawal applications can be processed speedily since members’ particulars are already updated and accurate. Members will also receive their statement of accounts which will be sent to their latest preferred address.
The form (Borang Pengemaskinian Alamat Ahli KWSP 1866 (AHL)(pin) is also available at this website beginning 15 July 2004 or any EPF offices and Customer Service Centres nationwide.
From : KWSP's website
PROTON to introduce CVT technology in new cars
KUALA LUMPUR: Proton Holdings Bhd will introduce the continuous variable transmission (CVT) technology in its coming range of cars, said group managing director, Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.
In a statement today, Syed Zainal said Proton has been conducting a comprehensive development and integration tests of the CVT with its CamPro engines and was happy to be able to provide this option to future buyers.
"Soon, CVT will be mated to our CamPro engines as an option to our range of cars along with the conventional four-speed automatic gear transmission that is currently being used.
"This feature will not only provide more than just a smoother drive but it will also contribute towards fuel efficiency and savings to the user," he said.
Syed Zainal said in view of fuel price pressure on consumers, the introduction of CVT would contribute significantly to not only provide drivers with a smoother drive but also help reduce fuel consumption.
He said Proton tests showed that the use of CVT in a car could reduce fuel consumption by up to four per cent with regards to urban driving and almost up to 10 per cent for highway driving.
"Lower fuel consumption also impacts the environment significantly by reducing carbon dioxide emissions," he said.
CVT technology has been growing in popularity among high-end car makers globally as it provides a smoother drive and more efficient performance to their cars. - BERNAMA
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