Miti served LOD over alleged use of creative firm's pavilion design
In a statement, Current Media Group (CMG) said should Miti fail to respond satisfactorily within the statutory period, it would pursue every legal remedy available through the law.
"After exhausting all informal avenues for dialogue and giving Miti ample time to act in good faith, CMG instructed its counsel to formally issue a Letter of Demand on July 17 seeking formal acknowledgment of CMG's contributions and fair compensation.
"Should Miti fail to respond satisfactorily within the statutory period, CMG will pursue every legal remedy available under Malaysian law.
"CMG reiterates its willingness to engage in constructive mediation at any time, so long as that process is undertaken in good faith, recognises the value of creative labour, and upholds equitable terms," it said.
On April 25, CMG's founder Fey Ilyas claimed that the concept, theme, and narrative structure of the Malaysia Pavilion bore clear similarities to the proposal CMG developed and presented to Miti before the official tender process.
The post quickly garnered attention, prompting Miti to issue a statement on April 26 indicating that an internal investigation was under way.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
22 minutes ago
- The Sun
Malaysia's king visits Russia to enhance high-tech and ASEAN cooperation
MOSCOW: Russian President Vladimir Putin and His Majesty Sultan Ibrahim, the King of Malaysia, may discuss cooperation in high-tech, interaction in ASEAN, trade, and military‑technical collaboration during the Malaysian monarch's visit to Russia. This was the opinion of the Director of the Institute of Asian and African Studies at Moscow State University, Alexey Maslov. 'Firstly, this year Malaysia chairs ASEAN (the Association of Southeast Asian Nations), therefore the discussion will cover cooperation with the entire bloc. 'In addition, over the past year, we have outlined a number of projects with Malaysia, including supplies of Russian energy resources to Malaysia and purchases by Russia of a number of products such as fruit and textiles. But the most important topic, perhaps, will be interaction in the field of high technology,' Maslov told Sputnik, the Russian news agency. Malaysia is one of the most developed countries in the region in terms of science and universities, Maslov said, adding that joint production of microprocessors, system boards, and related technologies is possible. Sultan Ibrahim is the first Malaysian head of state to visit Russia on a state visit since the establishment of diplomatic relations between the two countries in 1967. The visit is scheduled for Aug 5 to 10. Sultan Ibrahim is scheduled to hold talks with Putin on Aug 6, during which the leaders are expected to discuss relations between Russia and Malaysia, as well as relevant topics on the regional and international agenda. - Bernama, Sputnik
The Star
4 hours ago
- The Star
Data centres to bolster YTL Power
CIMB Research reduced its 2025 to 2027 core net profit forecasts for YTL Power by between 7% and 17%. PETALING JAYA: Despite a cut in YTL Power International Bhd 's overall profit forecasts, CIMB Research is still upbeat on the group's data centre business. The research house raised its forecast on earnings before interest, taxes, depreciation and amortisation (Ebitda) margins for YTL Power's co-located data centre segment. 'Its 160 megawatt (MW) of new capacity is factored in for YTL Power's financial years 2027 (FY27) and FY28 and upon gaining better understanding of the company's operating expenditure, we believe our previous 50% Ebitda margin assumption for the co-located data centre business was too conservative. 'Consequently, we have raised this forecast to 70%. Additionally all its existing capacity of 188MW has been leased out,' CIMB Research said. The research house said it believes YTL Power will soon start developing new phases for this segment of its business. 'We now assume an extra 160MW of capacity will go live in stages across FY27 and FY28. Thus, we project core net profit from co-located data centres will rise from RM115mil in FY26 to RM431mil by FY29. 'Excluding the 160MW in co located data centre expansion, YTL Power's fair value would be RM4.08,' the research house said. However, the research house cut its earnings forecast for the artificial intelligence (AI) data centre segment, now assuming 12MW is deployed on Nvidia's DGX Cloud from 20MW previously. The research house said YTL Power will use the remaining capacity to commercially offer its large language model and other AI solutions. Meanwhile, CIMB Research reduced its 2025 to 2027 core net profit forecasts for YTL Power by between 7% and 17%, bringing forward Ebitda per megawatt hour compression for Power Seraya but keeping long-term margins intact, while lowering AI data centre earnings. 'However, we maintain our 'buy' rating and raise YTL Power's target price by 14% to RM4.55 on higher fair value for the co-located data centre business and the Wessex Water business in Britain. Key rating catalysts are from the new 160MW co-located data centre expansion in FY27 and FY28,' the research house said. In addition, CIMB Research said projected strong Wessex Water earnings growth due to a 21% water tariff hike in Britain in April , and potential new Malaysian power plant projects also bode well for YTL Power.
The Star
4 hours ago
- The Star
More local retailers looking to adopt AI
The Adyen Retail Report 2025 noted that 58% of Malaysian consumers have used AI to assist with purchasing. — Reuters KUALA LUMPUR: Malaysian retailers are looking to invest more in artificial intelligence (AI) technology to drive retail performance, according to financial technology company Adyen Malaysia. The Adyen Retail Report 2025 noted that 58% of Malaysian consumers have used AI to assist with purchasing, compared with the global average of 37%. The findings reflect a growing shift in digital consumption habits and expectations for personalised retail experiences. Adyen Malaysia, a provider of end-to-end financial technology solutions, said the trend signals a move from digital convenience to digital intelligence. The company's country manager Soon Yean Lee said that Malaysia is seeing a shift from digital convenience to digital intelligence. 'We are likely entering an era where AI acts as a personal stylist or shopping assistant, curating outfits, surfacing new brands and tailoring suggestions to each individual,' he said during a briefing yesterday about the Adyen Index 2025 Malaysia Report. The report noted that 57% of Malaysian businesses plan to invest in technology that enhances the customer experience, either through new methods to make payments or self-service kiosks. The findings also said that, as part of efforts to boost efficiency and reduce friction, businesses are focusing on revamping the checkout process with features like queue-busting and one-click purchases to improve the experienc for customers. Commenting on AI as a strategic asset, Lee said 'retailers generate large volumes of payments data daily, and AI helps unlock this value to drive conversions at scale'. He added that AI-powered payment optimisation could improve success rates, reduce fraud and help identify genuine shoppers with minimal friction. Meanwhile, the report highlighted the growing importance of 'unified commerce', which is a retail strategy that integrates all sales channels into a cohesive system. At present, 52% of Malaysian businesses surveyed offer unified systems that integrate online and offline sales channels, while another 26% plan to adopt such platforms within the next 12 months. Unified commerce allows businesses to consolidate inventory, pricing and customer data into a single system. Lee added that the approach enables retailers to deliver more consistent service while also improving cost efficiency and operational control. Despite growing interest in digital tools, the report noted that many businesses continue to face challenges with data fragmentation and system integration. It said the effectiveness of AI will depend largely on the quality and connectedness of the data supporting it. The Adyen Retail Report 2025 includes responses from 1,000 consumers and 500 merchants in Malaysia. Adyen is a global financial technology platform that provides payment processing and related financial services for businesses. It acts as a merchant acquirer, offering a single platform for businesses to manage payments across various channels like online, mobile, and point-of-sale. The company is headquartered in Amsterdam and has offices around the world. Beyond Malaysia, the company's Annual Retail Report for this year shows Gen Z is the largest demographic using AI when shopping (57%), but data finds a 63% increase in older people using the technology year-on-year – the biggest increase in users globally. In a poll of 41,000 consumers across 28 countries, more than one in ten (12%) said they had used AI for the first time over the past 12 months to help them with their shopping experience. Additionally, an impressive 55% of people said they would be open to making purchases using AI technology in the future.
