Latest news with #Sarawak-based
Borneo Post
2 days ago
- Business
- Borneo Post
Sarawak's Cloud Telecom eSIMM ROAM to revolutionise global connectivity
Handout photo shows the eSIMM ROAM launch at Statos. KUCHING (May 31): Sarawak-based Cloud Telecom has launched its pioneering mobile application, eSIMM ROAM, at the Sarawak Trade and Tourism Office Singapore (Statos), introducing a transformative solution to the long-standing challenges of international mobile roaming. The app, powered by advanced eSIM (embedded SIM) technology, aims to redefine how users stay connected worldwide. 'With the app, there will be no more sky-high bills, no more physical SIM cards, and no more connectivity headaches for globetrotters and completely transform how users stay connected while traveling the world,' said Statos in a statement. Sarawak's first global app-based eSIM provider delivers instant mobile connectivity in over 140 countries, including destinations across Asia, Europe, the Middle East, and the Americas, with plans to reach 180 countries soon. Cloud Telecom anticipates that eSIM technology will eventually replace traditional roaming due to its speed, reliability, transparency, and user-friendliness. The technology enables users to activate international data plans with just a few taps, eliminating the need for local SIM cards or dealing with unexpected charges. 'This market trend is a complete shift of paradigm, not only inevitable but irreversible,' it said, adding that the app was designed to meet the rising global demand for seamless and cost-effective mobile solutions. The eSIMM ROAM is tailored for both consumer and small-to-medium enterprise (SMEs), offering a scalable, future-proof solution that supports real-time roaming resolution via 24/7 call centre assistance, data usage tracking, and instant top-ups – all within one platform. By eliminating the need for physical SIM cards, the app also delivers unmatched flexibility. Users can browse, purchase, install, and activate plans directly through the app, which is accessible via the App Store and Google Play, including in China. According to Cloud Telecom vice-president Frank Hwong, over 40 million users globally transitioned from traditional roaming to eSIM last year alone. 'By the end of 2025, we estimate that one to two billion smartphones worldwide will support eSIM technology,' he said, noting a projected exponential growth in adoption. The app is positioned as a one-stop solution for managing overseas communication, revolutionising how travellers and businesses maintain global connectivity. Cloud Telecom is currently recruiting international partners, including SMEs, influencers, and individuals to join its 'Channel Partner Programme' and capitalise on the growing demand for eSIM technology. Cloud Telecom eSIMM ROAM lead Statos
BusinessToday
3 days ago
- Business
- BusinessToday
Reach Ten Posts RM7.1 Million In Net Profit, Declares Maiden Dividend Post-Listing
Sarawak-based telecommunications company Reach Ten Holdings Bhd has declared its first interim single-tier dividend of one sen per share, amounting to RM10 million, for the financial year ending Dec 31, 2025. The dividend will be paid on July 31, 2025, to shareholders on record as of June 30, 2025. The announcement comes shortly after the company's listing on Bursa Malaysia's Main Market on May 2, and marks its first dividend payout as a public entity. Managing Director Leo Chin said the move aligns with Reach Ten's policy to distribute up to 30% of the company's net profit, reflecting its focus on sustainable shareholder returns. 'With healthy cash and bank balances and fixed deposits of RM63 million, Reach Ten aims to strike a balance between rewarding shareholders and reinvesting for future growth,' Chin noted. Chin shared that for the company's first quarter results for the period ended March 31, 2025 (1Q25), Reach Ten posted a net profit of RM7.1 million on revenue of RM23.1 million, representing two months of post-merger performance under MFRS 3 compliance. On a full-quarter basis, adjusted figures would have stood at RM28.4 million in revenue and RM8.2 million in net profit. Reach Ten's performance was driven primarily by its satellite-based communications segment, which contributed 63.2% of revenue. Fibre optic services and telecom infrastructure accounted for 21.4% and 15.4%, respectively. Chin noted that with broadband coverage in Malaysia's populated areas nearing 97.3%, and growing demand in Sarawak, Reach Ten sees strong momentum ahead. 'We remain confident in our growth trajectory, especially with our strategic focus on underserved markets in Sarawak. 'This, combined with supportive government policies and expanding infrastructure, positions us well to deliver long-term value,' Chin added. Related
New Straits Times
3 days ago
- Business
- New Straits Times
Reach Ten logs RM7.1mil net profit on RM23.1mil revenue in Q1
KUALA LUMPUR: Sarawak-based telecommunications service provider Reach Ten Holdings Bhd (Reach Ten) posted a net profit of RM7.1 million on revenue of RM23.1 million for the first quarter (Q1) ended March 31, 2025. Revenue for the quarter was mainly driven by Reach Ten's satellite-based communication networks and services segment, which contributed 63.2 per cent of total revenue. "Fibre optic communication networks and services accounted for 21.4 per cent, while telecommunications infrastructure and managed services contributed 15.4 per cent," it said in a statement. There are no comparative figures for the corresponding preceding quarter's results as this is the second interim financial report by the company in compliance with the listing requirements. Reach Ten declared a first interim single-tier dividend of 1.0 sen per share for its financial year ending December 31, 2025 (FY25). The payout, totalling RM10.0 million, will be paid on July 21 to shareholders whose names appear on the record of depositors on June 30. Managing director Leo Chin said the maiden post-listing dividend is in line with the company's dividend policy to distribute up to 30 per cent of its net profit, reflecting its commitment to enhancing shareholder value and delivering sustainable returns. "With healthy cash and bank balances, as well as fixed deposits of RM63.0 million, Reach Ten aims to maintain a balanced approach between rewarding shareholders through dividend distributions and retaining sufficient capital to support future growth and strategic initiatives," Lee said. Reach Ten remains optimistic about its business outlook, supported by positive structural trends in Malaysia's telecommunications sector. "Our strategic focus on underserved markets, particularly in Sarawak, positions us well to capture emerging opportunities and deliver long-term value to our shareholders," Chin added.
The Star
3 days ago
- Business
- The Star
Reach Ten declares maiden dividend of 1c per share
Reach Ten managing director Leo Chin KUALA LUMPUR: Reach Ten Holdings Bhd - which was listed on the Main Market of Bursa Malaysia on May 2, 2025 - has announced its first interim dividend of one sen per share, along with its financial results for the first quarter ended March 31, 2025. According to to statement by the group, the post-listing dividend is in line with its dividend policy to distribute up to 30% of its net profit. During the first quarter, the Sarawak-based telecommunications service provider said it recorded a net profit of RM7.12mil on the back of revenue of RM23.05mil, which translates to an earnings per share of 0.89 sen. The reported results cover only two months - February and March 2025 - following the completion of the merger of its subsidiaries on Feb 5, 2025, which is in accordance with Malaysian Financial Reporting Standards. "As such, the revenue and profit solely represent the post-acquisition performance of the consolidated entities," it said in a statement. On a full-quarter basis, revenue and net profit would have been RM28.4mil and RM8.2 mil, respectively, said the group. There are no comparative figures for the corresponding preceding quarter's results as this is only the second interim financial report being announced by the company in compliance with the listing requirements. According to the group, revenue for the quarter was mainly driven by its satellite-based communication networks and services segment, which contributed 63.2% of total revenue. Fibre optic communication networks and services accounted for 21.4%, while telecommunications infrastructure and managed services contributed 15.4%. "We remain confident in the group's growth trajectory, driven by rising demand for digital connectivity, supportive government policies, and ongoing infrastructure expansion. Managing director Leo Chin said the group remains optimistic about its business outlook, supported by positive structural trends in Malaysia's telecommunications sector. "Our strategic focus on underserved markets, particularly in Sarawak, positions us well to capture emerging opportunities and deliver long-term value to our shareholders," he said.
Borneo Post
24-05-2025
- Business
- Borneo Post
Five Sarawak startups win big at Shell LiveWire 2025 state finals
Len Talif (standing, seventh left) with the winners and guests in a photocall after the Shell LiveWIRE Malaysia 2025 Sarawak award ceremony here today. – Photo by Mohd Faisal Ahmad KUCHING (May 24): Five Sarawak-based enterprises have been named state winners of the Shell LiveWire Malaysia 2025 Sarawak Challenge, following the state finals today at Tegas Digital Village here. The winning startups – Desa Inspirasi Resources, Earthlings Coffee Workshop Sdn Bhd, Lariss Quna Enterprise, Lettuboost, and Maxeon Technologies Sdn Bhd – were selected from over 60 participants who took part in the programme. These enterprises advanced through an intensive bootcamp, with 10 finalists making it to the final pitching round. Each winner received a RM10,000 startup fund from Shell, along with an additional RM5,000 grant from Tabung Ekonomi Gagasan Anak Sarawak (Tegas). Beyond funding, the winners will benefit from one year of business coaching and access to Tegas' resources and networking opportunities. They will also gain the opportunity to engage with the global LiveWire network, and may be selected to compete in the prestigious Shell Global Top Ten Innovators Awards. The event was officiated by Sarawak Deputy Minister for Urban Planning, Land Administration and Environment and Tegas chairman, Datuk Len Talif Salleh, who was accompanied by Tegas CEO Udin Bujang. 'We at Tegas are proud to partner with Shell Malaysia for the Shell LiveWire programme, a collaboration that underscores our commitment to nurturing local start-ups and social enterprises,' he said. 'This initiative highlights the vital role of entrepreneurship in driving economic development, generating employment, and fostering resilient communities,' he added. Shell Malaysia Upstream's General Manager of Sarawak Gas, Choong Yen Li, said Shell LiveWire offers a meaningful platform for aspiring entrepreneurs to transform their ideas into impactful ventures. 'Through this initiative, individuals not only gain the opportunity to build their own businesses but also contribute towards job creation and community development,' she said. The judging panel for the finals included Tegas Manager Afida Zaidi, The Borneo Post Business Executive Editor and Kuching Division Journalists Association President Ronnie Teo, and Shell Malaysia Senior Manager (Mobility Sales and Operations) Dr Alex Pega Mahda. Shell LiveWire, the company's flagship enterprise development programme, was launched in Sabah in 2015, Sarawak in 2016, and Peninsular Malaysia in 2022. It aims to foster local entrepreneurship and promote innovative business solutions aligned with socio-economic development. Sarawak Challenge Shell LiveWire Malaysia 2025 tegas
