From Annual report. Notes on financial statements. Section 8 page 209 "(b) Included in the trade receivables of the Group is an amount of RM182,798,000 (2022 - RM182,798,000) owing by the Government of Malaysia (“GOM”) in relation to the development of SKIN Solution. As disclosed in Note 43 to the financial statements, the termination of the SKIN Project took effect on 22 January 2019. The amount owing is expected to be recovered through legal claims from the GOM."
From AR page 8/255 The OS was heard before the High Court on 22 January 2021, 29 January 2021, 26 February 2021, 9 April 2021, 20 May 2021, 2 November 2021, 30 November 2021, 11 March 2022, 25 July 2023, 26 July 2023 and 27 October 2023. The hearing of the OS is currently still ongoing.
Hope Govt do not try and wriggle their way out of the Trade Receivables of RM182,798 billed by saying corruption or defective ,etc in the billings..settle amicably..what is the reason for termination of SKIN ?
(ii) after concluding the examination of the expert witness, the Court has directed the Parties to file Notes of Proceedings, Written Closing Submissions and Written Reply Closing Submissions respectively before the Oral Closing Submission; and
(iii) the Oral Closing Submission has been fixed on 8 March 2024 by the Court for the conclusion of the OS.
The Company will make the necessary announcements on material developments in respect of this matter from time to time.
This announcement is dated 30 October 2023.
They got to be kidding. Can't even make a simple decision. It's a JOKE!
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
Google, M'sian govt on strategic collaboration, skill opportunities for 300,000 by 2026
SAN FRANCISCO (Nov 15): The Malaysian government and Google on Wednesday announced a strategic collaboration to create inclusive growth opportunities for more Malaysians and home-grown companies in the fast-growing digital economy.
The collaboration brings both parties together to help businesses of all sizes advance their digital competitiveness through skilling programmes, investment in digital infrastructure, responsible artificial intelligence (AI) innovation, and cloud-first policies, Google said in a statement here on Wednesday.
“This latest commitment by Google, aimed at accelerating local innovation and talent development in the field of AI, will certainly boost the nation's digital competitiveness, in line with the Madani Economy Framework and the New Industrial Master Plan 2030 (NIMP 2030),” Prime Minister Datuk Seri Anwar Ibrahim said on Wednesday.
Building an ecosystem for a thriving innovation-based economy Cyberjaya is a shining example of the nation’s commitment to technological advancements and innovation. Its journey began when it was conceived as part of Malaysia’s Multimedia Super Corridor (MSC) initiative in 1997, aimed at creating a high-tech environment that would attract global technology companies, foster innovation and attract foreign direct investments (FDIs).
The Madani Economy Framework aims to increase the size of Malaysia’s economic pie, as well as ensure that all stakeholders — particularly the rakyat and small businesses — will enjoy the ensuing socio-economic benefits, he said.
Google said the latest initiatives are built on its investments in Malaysia over the last 12 years.
In 2022 alone, the company’s products and programmes supported more than 47,900 jobs and also contributed, directly and indirectly, an estimated US$2.8 billion (RM13.15 billion) in economic benefits to local businesses.
“The partnership we are announcing today (Wednesday) with the government of Malaysia aligns Google’s local mission of Advancing Malaysia Together with the government’s goal to create a supportive ecosystem for innovation that includes more meaningful and equitable job opportunities,” said Alphabet and Google president and chief investment officer Ruth Porat.
Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz welcomed Google’s continued contributions to the rakyat and home-grown businesses, especially through programmes that nurture skilled talent and help Malaysia’s small businesses scale regionally.
“Apart from supporting the achievement of the NIMP 2030’s missions, these will also enhance Malaysia’s overall global competitiveness to foreign investors. The Ministry of Investment, Trade and Industry and its agency, the Malaysian Investment Development Authority (Mida), will do our utmost to facilitate Google’s planned investments in Malaysia.”
Inclusive skilling opportunities for 300,000 Malaysians by 2026 To provide Malaysians from all backgrounds with more digital training opportunities, Google Cloud, CloudMile and Trainocate are making five digital learning paths available at no cost.
“Accessible through the GoCloud programme — which aims to upskill 300,000 Malaysians by 2026 — the learning paths consist of online courses to help individuals better apply generative AI, data analytics and cloud-based productivity tools.”
Learners who complete the five learning paths will earn digital skills badges that they can share on their resumes and extended 30-day access to more learning paths at no cost.
Google said this is built on Gemilang, a digital training programme that has provided 31,000 Google Career Certificate scholarships to less fortunate individuals in partnership with educational institutions and non-profits.
“This helps Malaysians earn professional certifications — at no cost — for entry-level jobs in high-demand fields such as data analytics, IT support as well as e-commerce and digital marketing.”
Besides this, the government and Google Cloud will embark on joint AI launchpad initiatives to create new jobs, enhance public service delivery and help local companies tap into global markets.
Google will also support the government’s refinement of its existing Cloud First Policy for Malaysia, contributing policy expertise and its Secure AI Framework to account for the latest advancements in cloud computing and AI.
This reinforces the government’s efforts to prioritise the use of resilient, cost-efficient, and innovation-driven cloud services over capital-intensive on-premise systems, while aligning with global best practices on data privacy and security standards.
With the gradual implementation of the CFA by the government, Azlan is confident that Awantec will turn around in FY2024, with its revenue expected to increase by a double-digit percentage. “We are definitely going to be profitable in FY2024,” he says. Compensation of 1 Billion + NIISE + Quarter , this stock will limit up
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