Home News Archives for December 2019

Month: December 2019

Industry Players Urged to Assist Government to Give IR 4.0 Education

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KUALA LUMPUR, Dec 10 — Industry players are urged to assist the government in providing education to the community in information communication technology (ICT) in facing the challenges of the industrial revolution 4.0 (IR 4.0).

Communications and Multimedia Minister Gobind Singh Deo said the effort was to ensure every strata of society especially those living in the interior regions and the senior citizens were not left out of the rapid development in the world technology.

“We want all sectors of the industry to participate in our initiatives to educate the general public on how they could use the IR4.0 infrastructure for their benefit,” he said after witnessing the exchange of the Memorandums of Understanding (MoA) between Knowledgecom and HLX for the development and implementation of Industrial Revolution 4.0 at Menara HLA today.

The exchange of the MoA documents were represented by KCOM Group Chief Executive Officer S.T. Rubaneswaran and HLX was represented by Guacoland Malaysia Berhad Executive Director Lee Wee Kee.

Commenting on the agreement between the two companies, Gobind said the effort could become an example for more groups to share expertise to develop IR4.0.

“This is an example how industries used the ability of their workers to assist other industries and for us to reskill them by sharing the other skills that they have for better benefits,” he added.

– BERNAMA

Knowledgecom Welcomes New shareholders from Millet World

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Kuala Lumpur, 23 December 2019 – Knowledgecom Corporation Sdn Bhd (“KCOM”), a subsidiary of Censof Holdings Berhad (“Censof”) welcomes new strategic shareholders at its Singapore subsidiary, Knowledgecom Pte Ltd (“KCOMS”), with the aim of strengthening its market presence in Singapore.

Speaking at the signing ceremony, Chief Executive Officer of KCOM, Mr. S. T. Rubaneswaran said, “There is rising demand for programmes to upskill and prepare the workforce for the Industry 4.0 era. Our expansion into Singapore is a great way for us to gain recognition as a formidable training provider that accelerates the digital skills of the workforce to become future ready.”

A leading player in designing and delivering Information Technology training programmes for more than 10 years, KCOM is spearheading Beyond4, an initiative to integrate Industry 4.0 practices and technology into businesses’ operations.

In Malaysia, KCOM has tied up with the Hong Leong Financial Group Berhad via HLX Management Sdn Bhd, an innovation exchange startup wholly owned by property arm, GuocoLand Malaysia Berhad to operate a digital campus at Menara HLA.

Today, KCOM signed a share sale agreement to strategically divest 30% of its stake in KCOMS to Mr. Philip Teng Chee Wan and Dr. Sharon Lim Siok Lin for SGD 300,000 (equivalent to approximately RM918,000 based on exchange rate of SGD1:RM3.06). KCOM will retain a 70% interest in KCOMS.

This follows the partnership announced on 18 April 2019 with Millet World Pte Ltd (“Millet World”) for both parties to collaborate and develop business in education, training and skills development in emergent technologies.

Mr. Philip Teng and Dr. Sharon Lim, whom are directors of Millet World, have many years of academia, research and training background, and experience in Deeptech, Fintech, Internet of Things (“IoT”), as well as business and property investments. Mr. Philip Teng has a Masters in Electrical and Computer Engineering in Carnegie Mellon University while Dr. Sharon Lim earned her Doctorate degree in Computer Science from Royal Melbourne Institute of Technology. Both of them have a strong business network within Singapore and the ASEAN region and are passionate about accelerating businesses’ growth via regionalization.

Mr. S. T. Rubaneswaran concluded, “KCOM is pleased to welcome these two highly capable individuals onboard. We hope to leverage on Mr. Philip and Dr. Sharon’s strong expertise and knowledge to strengthen our market footprint in Singapore and potentially, throughout the ASEAN region.”

“Their invaluable input will enable us to develop suitable programmes that cater to the Singaporean workforce and businesses. Furthermore, they can also open doors for us to work together with Singapore universities as well as the public sector to deliver our training programmes.”

Century Software Secures RM 5.3 Million Contract From Ministry of Finance

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Kuala Lumpur, 16 December 2019 – Censof Holdings Berhad’s (“Censof”) wholly-owned subsidiary, Century Software (M) Sdn. Bhd. has secured a contract from Ministry of Finance Malaysia (“MOF”) to provide maintenance and support services for MOF’s budget management information system, MyResults.

The contract is valued at RM5.3 million and carries a tenure of 12 months, from 2 January 2020 until 1 January 2021.

MyResults is an outcome based budgeting (OBB) system which was developed by Century Software for MOF. Under the OBB system, high-level national strategies are linked to specific budget programs and activities. This will lead to an improvement in resource management while enhancing transparency and accountability. As this budget system is integrated across
the various ministries, government officials are able to plan their budgets more effectively.

Censof Group Managing Director, Encik Ameer bin Shaik Mydin said “We are honored to be awarded with the contract to carry out maintenance services for MyResults. It enables us to continue our long standing relationship with MOF, having completed the project hand over of MyResults in May 2019. We appreciate the continued confidence MOF has for the group, as it lends credence to our technical capabilities and strengthens our track record in the area of financial management solutions.”

Century Software has been providing IT solutions specializing in financial management to the public sector and has on-going contracts with government agencies such as the Inland Revenue Board (“LHDN”), Dewan Bandaraya Kuala Lumpur (“DBKL”) and Pertubuhan Keselamatan Sosial (“PERKESO”).

Inclusive of this contract, Censof’s orderbook now stands at approximately RM55.7 million. The subsidiary has also significantly increased its recurring maintenance contracts to approximately RM37.2 million per annum.