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Cover Story: From lumbering giant to digitisation winner

A clear winner in the country’s MyDIGITAL digitisation push, Telekom Malaysia Bhd’s share price hit a new all-time-high of RM6.62 on Feb 9, beating the previous record of RM6.45 in May 2015. While prices had since retreated, they are poised to reach new heights if the more bullish street predictions are to be believed. If the fact that Telekom’s share price had doubled in the past year and tripled from its decade-low of RM2.02 on Oct 26, 2018, is heaping additional pressure on the company to outperform, its managing director and group CEO Imri Mokhtar is taking it in his stride: “I guess we will be fairly rewarded by shareholders [as we focus on serving our customers better].”

Mida: Malaysian firms vulnerable to global technological shift due to lack of R&D | Money

Monday, 12 Apr 2021 08:44 PM MYT A bird s-eye view of Kuala Lumpur July 8, 2020. Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 12 Malaysian companies must innovate and increase their value proposition through research and development (R&D) to compete in the market, as only 3.5 per cent of Malaysian firms have introduced new products in the last three years, said Malaysian Investment Development Authority (Mida). Its executive director strategic planning (manufacturing) Choo Wai Meng, citing The World Bank Report titled Aiming High – Navigating the Next Stage of Malaysia’s Development released in February, said the figure was significantly lower than the regional comparatus of 20 per cent and aspirational comparatus of 33 per cent.

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