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YOU’VE probably heard about cloud computing and have a rough idea as to why more and more businesses have begun to rely on it. Cloud computing provides access to business insights and applications from anywhere, at any time, and at a reasonable cost. Essentially, it makes information storage and distribution easier. This in turn empowers businesses to operate more effectively and improve productivity as well.

If you haven’t yet jumped on the cloud computing bandwagon, what are you waiting for? There are numerous reasons why you shouldn’t delay any longer.

Cloud computing offers greater flexibility to your employees in their work practices. Accessing documents and data while you are off-site or at home is quick and effortless. You also do not need to spend a lot on building infrastructure; instead you are only charged an affordably low cost every month. In times of disasters, cloud-based backup and recovery solutions save time and often roll up third-party expertise as part of the deal. Using the cloud means you won’t need to worry too much about the hardware and software, and you can focus more of your energy on productivity instead.

Another major benefit of cloud computing is scalability. Cloud-based services are ideal for organisations with growing or fluctuating bandwidth demands. Cloud computing also offers a range of powerful analytics tools to digital marketers which can help provide information about how customers interact with content and how marketers can alter their approach to attract more attention.

So, then how do you choose a cloud computing service that best fits your business? Look for one that has the knowledge, expertise, products and solutions best suited for your organisation and the local market.

Alibaba Cloud, founded in 2009, is a global leader in cloud computing and artificial intelligence (AI), providing services to thousands of enterprises, developers and government organisations in over 200 countries and regions.

Committed to the success of its customers, Alibaba Cloud provides reliable cloud computing and data processing capabilities. Its innovative technologies have and continue to enable businesses, retailers, content providers and communities in Malaysia to stay competitive and grow continuously via digital transformation.

In Malaysia, Alibaba Cloud offers fast and secure data storage and access that is 100% compliant with local standards. With dual local data centres in Malaysia, it also empowers Malaysian businesses by providing comprehensive solutions, ensuring consistency in its operations and with expertise tailored for local clients at an unbeatable price.

Alibaba Cloud provides cutting-edge solutions through a variety of products all of which can be tailored to suit your business goals and needs. These include:

Elastic Compute Service (ECS): ECS provides fast memory and the latest Intel CPUs to help you power your cloud applications and achieve faster results with low latency. You can deploy ECS with just a few clicks from an easy-to-use console and scale capacity up or down based on real-time demands.

As the largest cloud provider in China and the third largest cloud provider worldwide by revenue, Alibaba Cloud ECS has the scale to provide high elasticity – hundreds of thousands of vCPUs in minutes for a single customer in a single region – thanks to its sophisticated smart placement algorithm.

Database: Alibaba Cloud, the No.1 choice among cloud database providers in Asia Pacific, provides extensive cloud database solutions to store, process, analyse and manage data. It has one of the most extensive portfolios of cloud database solutions supporting mainstream open-source and commercial database solutions, including MongoDB, PostgreSQL, MySQL, SQL Server, and Redis. It has a proven track record too: Database solutions like RDS and PolarDB supported Alibaba’s systems behind the annual 11.11 Global Shopping Festival, China’s Black Friday, the world’s largest online shopping event. In fact, its database solutions have supported over 150,000 customers with more than 700,000 databases hosted on Alibaba Cloud. Integrated with new and innovative AI solutions, Alibaba Cloud’s database comes with features such as auto-recovery and auto-optimisation too.

Cloud Network: Alibaba Cloud networking services provide a stable, low latency, and high-speed network with flexible hybrid cloud connections. It delivers secure and reliable communication to and from IDCs in 24 regions globally.

Content Delivery Network (CDN): CDN is a scalable and high-performance content delivery service for accelerated distribution of content to users across the globe.

It resolves the delivery latency problem that is usually caused by distribution, bandwidth, and server performance issues. It is also a cost effective solution, as it supports Pay-As-You-Go and other billing methods.

Security: Alibaba Cloud provides end-to-end security services and has developed cutting-edge AI technology for security identification and risks analysis. Its accumulated experience from various and massive security attacks – that’s 800 million attacks and 200 million password cracks every day – ensures that your business threats and attacks are minimised on the cloud. They’ve got your back!

What more could you ask for? For tailor-made solutions that will propel productivity and help your business thrive, as well as a chance to grab Alibaba Cloud’s current offers, including 60% discounts, go to https://subscribe.thestar.com.my/alibabacloud-packages/

Source from The Star , 22July 2021

Previndran said the majority of the overhang units were residential properties as opposed to serviced apartments in the RM500,000 to RM1 million range.

“For me, this overhang is a past legacy. It was around pre-Covid days and will be around unless corrective action is taken by the developers themselves,” he said.

Previndran said despite the ongoing pandemic, the demand for residential properties in Klang Valley remained steady.

He said mortgage approval trends continue to rise and there are more sales as developers have become creative at driving sales.

The steady demand for residential properties was mainly driven by strong digitalisation by the developers, price readjustment to suit buyers’ affordability, and new launches that catered to what the market wanted.

Previndran said demand was further boosted with Bank Negara maintaining the record-low overnight policy rate of 1.75 per cent, and the ongoing Home Ownership Campaign which ends on December 31, 2021.

He said in terms of the value of transactions, there was a growth of about 28 per cent in the first quarter of 2021 (Q12021) as compared to Q12020.

In terms of volume, there was an increase of about 19.5 per cent in Q12021 as compared to Q12020.

“We truly have a resilient market. I think the important point to note is Q12021 is actually just before the MCO (Movement Control Order) whilst the numbers you see in Q42020 and Q12021 are after MCO, truly reflecting a strong and pent-up demand of buyers,” said Previndran.

Previndran said what his firm is observing is that the high net-worth individuals (HNWI) and ultra HNWIs are still very active in the market.

“They are paying top dollar for properties that otherwise would not be in the market, and they are also looking at opportunistic deals in high-end locations. The main artery and the pump of the residential market are properties priced below RM500,000 which are sort after by our bourgeoning middle-class market,” he said.

Previndran said there also seems to be a “pricing overhaul” of the overhang, where developers with inventory that have not been moving are going into the market at discounts ranging up to 45 per cent.

Meanwhile, the Iskandar market is the most hit market in Malaysia with its overhang close to double Klang Valley.

Previndran said that last year the overhang in Iskandar grew three times more as compared to Klang Valley by 27.94 per cent in terms of the number of units.

“Again, like Klang Valley, I do see it increase next year as the properties launched in 2019, which were already part of the problem, come into the picture,” he said.

In Iskandar, 73 per cent of the overhang are serviced apartments and in the RM500,000 to RM1 million range.

“I think the very astute Johor developers saw this coming and switched to landed properties very quickly as you can see from the incoming supply, planned supply, and new planned supply, which is 100 per cent landed. This has also resulted in very good sales, as you can observe the sales numbers in Q12020 as compared to Q42020.

“However when we compare Q12020 to Q12021, in terms of the number of units, there was a drop of 10 per cent, but in terms of value, it increased to by about four per cent. Our research shows a lot of residential properties and well-located condos were picked up mainly by locals,” said Previndran.

Source : New Straits Times / Kathy B. , 28 July 2021.

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