Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
Cost Savings Key Driver Of Energy Management Adoption- Schneider
KUALA LUMPUR, June 3 (Bernama) -- Cost savings is the biggest driver for the adoption of energy management solutions, according to a Schneider Electric survey.
The survey revealed that 78 per cent of respondents believed that cost savings is the biggest driver for the adoption of energy management solutions in their organisations.
It also showed that a growing proportion of the 218 Malaysian businesses polled from various industries are actively incorporating energy management into their corporate strategies.
Some 61 per cent of the businesses found that funding for new energy management solutions is one of the largest barriers to meeting their energy efficiency goals, followed by the lack of dedicated personnel to undertake the projects from end to end.
Schneider Electric Malaysia Country President Soo Pow Leong said the findings clearly indicated that energy management solutions were on the rise across all industries in Malaysia and becoming a core business competency for Malaysian organisations.
"Energy management is not an option but a necessity for businesses to achieve business resiliency and efficiency necessary to maintain competitiveness in the highly globalised and competitive world," she said in a statement.
The poll survey also looked at the potential increase in business operating costs due to the hike in electricity tariffs that took place in January 2014.
"The results revealed that 47 per cent of businesses surveyed noticed an increase of between 20 per cent and 50 per cent in their operating costs, while 53 per cent agreed that their operating cost has increased up to 20 per cent," said Soo.
Interestingly, she said the survey showed that most of the businesses in Malaysia were prepared to tackle the rise in electricity costs, with 61 per cent of the respondents having already adopted energy audit exercise in the past 12 months, while 22 per cent are already tracking and analysing data on their energy consumption.