West Coast expressway gets green light to accept RM1.5 bil loan facility
KUALA LUMPUR: WCE Holdings Bhd's 80 per cent-owned subsidiary West Coast Expressway Sdn Bhd (WCE) has received the Malaysian government's approval to accept a term loan facility of up to RM1.15 billion from Bank Pembangunan Malaysia Bhd.
In a filing with Bursa Malaysia, WCE Holdings said the financing facility would be used to partly finance the costs and expenses related to the construction and development of the West Coast Expressway, as well as other associated fees and expenses.
The company added that the financing facility would provide the necessary funding to ensure the expressway's completion.
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Focus Malaysia
32 minutes ago
- Focus Malaysia
Enterprises lead the charge in AI-driven transformation
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'While these partners handle the deployment of AI devices and software, CDB will focus on delivering the underlying connectivity infrastructure, including 5G sites, private 5G networks, and fiber -based solutions,' said Kenanga. However, enterprise awareness and understanding of commercial and industrial AI use cases remain limited, limiting widespread adoption. This is precisely where CDB's RM55 mil AiX Center plays a pivotal role. As a live showcase facility, the AiX Centre demonstrates practical, real-world applications of AI and 5G across key verticals. This enables businesses to fully appreciate these technologies and accelerate their adoption. Notable AI use cases that are featured at AiX are applicable to the following key sectors: Drones and robots manage inventory AI-powered inventory management systems deploy autonomous drones and robots to perform fully automated stock-taking. Equipped with high-resolution cameras and computer vision technology, these machines scan and identify inventory with precision, eliminating human error. Under low-lighting conditions, the drones effortlessly navigate high shelves spanning multiple floors, while robots transport heavy loads. According to DHL Malaysia, their AI system reduced electricity consumption and improved operational efficiency by more than 20-fold, with up to 100% accuracy. Smart poles: Blending surveillance, connectivity, and urban advertising Smart poles are AI-powered infrastructure equipped with sensors, high-definition cameras, digital displays, and energy-efficient LED lighting. They serve multiple functions, including real-time surveillance, traffic monitoring, weather tracking, population count, and behavioral analysis, enabled by AI-driven software. These poles also double as public WiFi access points and digital advertising platforms, enhancing urban connectivity while generating advertising revenue. 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AI-trained robodogs tackle hazardous tasks at O&G facilities The undisputed star of our AiX site visit was the endearing and clever robodog by Weston Robot, which captivated participants as it attentively responded to voice commands. Beyond its charm, these robodogs hold practical value for deployment at oil and gas platforms, refineries, and petrochemical plants, where they can help streamline maintenance operations. Built to withstand hazardous environments with restricted human access or safety risks, robodogs are a compelling solution to enhance operational safety, efficiency, and remote inspection capabilities. While AI adoption in Malaysia's commercial and industrial sectors is still in its early stages, the integration of 5G infrastructure and strategic industry partnerships is accelerating its growth. The AiX Center serves as a critical catalyst, bridging the knowledge gap by demonstrating practical, high-impact AI use cases across various sectors. From autonomous inventory drones to smart medical robotics and AI-powered infrastructure, these innovations highlight the transformative potential of AI when combined with reliable, high-speed connectivity. As enterprise awareness deepens and deployment scales, Malaysia is poised to unlock significant value from AI and 5G technologies—paving the way for smarter, safer, and more efficient industries. —June 11, 2025 Main image: Reinersct
Malaysiakini
2 hours ago
- Malaysiakini
#MYPalmPride 2025: Youth power ignites global movement for sustainable palm oil
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The Star
3 hours ago
- The Star
Selangor committed to future proofing its younger generation, says MB
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