Latest news with #TraversewithParamount
The Star
4 days ago
- Business
- The Star
Trading ideas: TNB, IHH, Paramount, Zetrix AI, LGMS, Handal, Econpile, Ho Wah, PMCK
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Tenaga Nasional Bhd has resolved a technical issue that had affected the display of July's electricity usage graph on its myTNB mobile application. IHH Healthcare Bhd is looking to potential new markets in Indonesia and Vietnam, as the Malaysian hospital operator continues building scale to offset rising healthcare costs in the region. Paramount Property Development Sdn Bhd, a wholly owned subsidiary of Paramount Corporation Bhd has partnered with Hong Kong-based Cathay Pacific Airways Ltd for a homeownership campaign named "Traverse with Paramount", offering Asia Miles to its homebuyers. Zetrix AI Bhd, formerly known as MyEG Services Bhd , has increased the size of its sukuk Wakalah programme to RM2bn in nominal value, doubling the original RM1bn. Zetrix said the sukuk will primarily support the continued growth of its blockchain and AI initiatives. Cybersecurity serve provider LGMS Bhd is proposing to acquire a 27% stake in information technology company Antarex Holdings Sdn Bhd for RM22.7mn. Handal Energy Bhd said on the group is being sued by a firm controlled by its former managing director and substantial shareholder Sunildeep Singh Dhaliwal, over an alleged outstanding debt of RM3.1mn. Construction firm Econpile Holdings Bhd has secured a RM27mn contract for piling and pile cap works for two 37-storey serviced apartment blocks in Kelana Jaya, Selangor. Ho Wah Genting Bhd has redesignated executive director Lim Wee Kiat as its chief executive officer, effective July 7. Private healthcare provider PMCK Bhd made a steady debut on the ACE Market of Bursa Malaysia, opening half a sen or 2.3% higher than its IPO price of 22 sen.
New Straits Times
5 days ago
- Business
- New Straits Times
Paramount, Cathay team up to reward homebuyers with Asia Miles
KUALA LUMPUR: Paramount Property Development Sdn Bhd, a wholly owned subsidiary of Paramount Corp Bhd, has partnered with Hong Kong's Cathay Pacific Airways Ltd for its latest homeownership campaign, Traverse with Paramount, which rewards buyers with Asia Miles points. Under this unique programme, homebuyers of more than eight participating developments located in Kuala Lumpur, Petaling Jaya, Klang, Cyberjaya, Sungai Petani, and Penang stand to earn up to 40,000 Asia Miles per purchase. The campaign runs from July 1 to December 31, 2025. "For property purchases ranging from RM300,000 to RM800,000, we are giving away about 10,000 miles to our customers, and for purchases of RM3 million and above, we will be giving out about 40,000 miles," Paramount Property chief executive officer Chee Siew Pin said. He added that the miles can be redeemed for flights with Cathay Pacific, HK Express, and other partner airlines in the Asia Miles network. Buyers can also use them for redemptions on Cathay Shop, which offers a wide selection of products and lifestyle rewards. To put it in perspective, a one-way economy flight to Hong Kong via Cathay Pacific typically requires about 9,000 Asia Miles, he noted. He emphasised that Traverse with Paramount is designed not only to celebrate a significant milestone in buyers' lives but also to reward them with opportunities to travel, experience new destinations, and create lasting memories, whether for a honeymoon, a family holiday, or a well-deserved getaway. The company is committing a total of eight million Asia Miles to this campaign, a reward pool that underscores its scale and ambition. Chee said the collaboration between Paramount Property and Cathay Pacific reflects the shared values of both companies. Together, Paramount Property and Cathay Pacific aim to elevate the meaning of homeownership by turning each property purchase into an opportunity for new adventures and unforgettable journeys. "The most important thing is the value both parties have. For the airlines, they want to connect people and offer safety and comfort. For us, the most important thing is customer experience. Ultimately, we wanted to have more involvement, helping out purchasers post-development." Chee added that the campaign is designed for a wide range of buyers, whether individuals, couples, or families, giving them the chance to use their miles for honeymoons or leisure trips, locally or abroad. Cathay Pacific's area head for Malaysia and Brunei, Robbie Blackwood, said that the partnership aligns well with Cathay's mission of delivering exceptional travel experiences. Blackwood added that buyers will also have the flexibility to combine miles with cash for redemptions. He said that if customers don't have the exact number of miles needed, they can simply top up with cash to complete a transaction. This gives them more freedom to redeem flights, hotel stays, lifestyle products, or any of the over 10,000 items available through the Cathay Shop, plus options with more than 20 partner airlines, he said.
