THE thrust towards an ICT enabled society is active and forward moving. It carries with it the intention of giving every single person, organisation, agency and institution the ease of access, the capabilities and the options that come with a society equipped for 21st century living.
Malaysia has recently intensified its efforts in line with the strategy aimed at national development and nation building with ICT as catalyst to transforming the country from a production-based economy to a knowledge-based one.
In the bid to further establish Malaysia as the global ICT hub and advance the development of the Multimedia Super Corridor various efforts are being intensified. This includes development of flagship applications, upgrading of communications infrastructure, talent maturity, focus on the k-economy as well as the promotion of e-commerce and improved information security.
PETALING JAYA, December 8, 2010 - Multimedia Development Corporation (MDeC) awarded Profitera Corporation Sdn Bhd (Profitera) the Certification of MSC Malaysia Capability Development Achievement for Profitera’s software – PowerApps, which is a comprehensive software solution for Revenue Collections, Debt Recovery and Agency Management. This certificate is given to resilient Malaysian companies who have maximized their potential through process improvements, technical product assessment and refined business management throughout the year.
PETALING JAYA: Hong Leong Bank Bhd (HLB) group managing director Yvonne Chia says the bank is excited over the positive mandate from its shareholders to acquire EON Capital Bhd (EON Cap), and will remain disciplined with its plans.
HLB shareholders approved the resolution for the proposed acquisition of EON Cap during its EGM on Monday.
“Shareholders of both EON Cap and HLB have voted clearly on their intention to sell EON Cap to HLB. The case is now in court and beyond us,” Chia told reporters during the official opening of HLB’s Kepong branch yesterday.
Yvonne Chia ... ‘The case is now in court and beyond us.’
KUALA LUMPUR: Hong Leong Bank Bhd is eyeing acquisitions abroad which are well-priced and would make a good franchise that complements its overall strategy.
“It’s hard to pinpoint which countries to invest in but certain countries are more compelling. However, Indonesia and Thailand are compelling,” group managing director and chief executive officer Yvonne Chia told reporters at its financial results briefing in Kuala Lumpur yesterday.
“We do have opportunities knocking on our door,” she said.
April 21, 2009 marks another historic date for Bank Muamalat as we embarked on a signing ceremony (on a two year lease) with Profitera Corporation Sdn Bhd, a leading technology provider that offers prospective customers the option to use Profitera’s PowerApps modules as SOFTWARE SERVICE to address key strategic and operational areas in Revenue Collection, Debt Recovery and Third Party Agency Management.
This option would provide Bank Muamalat with a very economical value proposition in the form of an OPEX based monthly fee, instead of a huge upfront capital investment. This software is expected to go live (will be done in stages) by June 2009.
YES CERTIFIED with the following products:
SUSE® LINUX Enterprise Server 9 for x86
Profitera Applications Suite is a suite of applications, which facilitates
the entire Revenue Collections Management and Debt Recovery lifecycle.
Profitera PowerCollect is a Java based Revenue Collections and Debt Recovery
system, which provides a profit-centric holistic view of all customer
information and interaction and enables payment management, such as configuring
installment plans and payment modes, which suit the customer's needs and
ultimately securing promises to pay. It helps automate and streamline
the Revenue Collections and Debt recovery Management processes, helping
organizations reduce bad debts, improve cash flow
and lower days of receivable outstanding.
Business banking continues to be challenging with strong
competition but the bank continues to achieve an increase in trade financing.
The bank's asset quality continued to improve with the net non-performing
loans to total loans ratio reducing to 4.7 per cent from 5.4 per cent
as at June 2004. This was mainly due to the emphasis on prudent credit
management and intensive collection efforts.
The bank is well-capitalised with a risk-weighted capital ratio of 16.8
per cent, significantly above minimum statutory requirement of 8 per cent.
The bank's net non-performing loans to total loans ratio improved to 4.9
per cent from 5.4 per cent as at June 2004.
The bank attributed this to its emphasis on credit quality and more
focused collection efforts.
Its risk-weighted capital, meanwhile, remained strong at 18.4 per cent,
down from 19.0 as at June 2004. The lower risk-weighted capital was due
to the dividend payout and accounting for treasury shares. As at the end
of 2004, the bank's treasury shares stood at 4.97 million shares valued
at RM25.7 million.
An interim gross dividend of 8.5 cent per share has been recommended for
the current period.
Note: Hong Leong Bank Berhad (HLB) is a customer of Profitera Corporation.
As its evident from article above, Profitera's PowerCollect Solution has
helped HLB to increase its profits by improving the collection processes.