KUALA LUMPUR: A company supplying television support equipment today filed a RM1.3 billion suit against MEASAT Broadcast Network Systems Sdn Bhd.
AV Asia Sdn Bhd filed the suit this morning here against MEASAT Broadcast Network Systems, the company which operates Astro, for breach of mutual non-disclosure agreement over a satellite dish technology.
In the suit, filed at the High Court Registry here this morning, AV Asia is claiming RM1.3 billion for exemplary and aggravated damages.
It named Tele System Electronics (M) Sdn Bhd as the second defendant.
AV Asia CEO V. Vijaya Kumar was present this morning and the suit was filed by counsel Ravi Sodhi.
Ravi, when met with reporters following the filing, said his client had learnt that the Malaysian Communication and Multimedia Commission (MCMC) had made recommendations to MEASAT to conduct studies on the use of different satellite dish sizes and design to reduce existing rain fade problems inherent in the satellite dish.
Rain fade is a characteristic of satellite transmission in tropical weather conditions where, during rain, the satellite transmission would suffer from interruptions.
AV Asia claimed MEASAT used their confidential information to launch its Astro Byond high definition service at the end of 2009.
Ravi explained that on June 18, 2007, AV Asia requested Maspro, a Japan incorporated company which also provides television support equipment, to initiate research and later brought this to MEASAT.
A mutual non-disclosure agreement was then signed between both parties, dated Aug 1, 2008, and confidential information was shared during negotiations between both parties.
However, Ravi alleged that AV Asia later discovered MEASAT had disclosed the confidential information to tender bidders, Tele System Electronics.
"The complaint here is the mutual agreement that had been breached. The agreement only allowed the exchange of confidential information between the two parties," he said.
When asked about the amount of the claim, he said the amount stated was derived from the commercialisation of Astro Byond.
He added that AV Asia was also claiming for its losses, due to the alleged agreement breach, to be assessed.
Tuesday, September 28, 2010
Friday, September 10, 2010
PayPal to open 2nd operations hub in KL
ONLINE payment specialist, PayPal, plans to open its second Asian service operations hub in Kuala Lumpur within the next six months.
This is to cater for an increasing demand for e-commerce, particularly in the Asean region.
PayPal Asia Pacific Vice President Farhad Irani said the company is at present scouting for an appropriate location and approval from the relevant authorities.
"We will be able to make a definitive announcement within the next three months. We also hope this hub will be operational by year-end," he added, when asked about the investment by the company for the hub.
Irani said the hube will employ between 250 to 400 people with the ability to speak different languages in serving the various countries in Asean.
"The company has at present, service operations in Shanghai, China, with 450 employees," he highlighted.
He said the opening of the hub in Kuala Lumpur is part of the company's long term plan to strengthen its presence in Malaysia.
Irani had earlier signed a memorandum of understanding (MoU) with the Malaysia External Trade Development Corporation (Matrade) and eBay.
The MoU will see PayPal and eBay organise a series of seminars, workshops and provide consultation support services to Malaysian small and medium enterprises (SMEs).
The Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, witnessed the signing of the MoU.
The implementation of the eBay for Business Programme, will see the SMEs gain knowledge on how to effectively conduct market research, undertake sourcing and marketing of products as well as provide customer service for the merchant sector.
Irani said PayPal and eBay remain very optimistic about the prospects of e-commerce.
"With 15.8 million internet users and e-commerce expected to grow at a compound annual growth rate of over 28 per cent from 2006 to 2010, the potential for Malaysia remains tremendous," he explained.
On eBay, for example, Malaysia is one of the most active markets in cross border trade within Southeast Asia.
"The total value of goods, sold to overseas markets like the United States or Europe by Malaysian eBay sellers alone, grew by 69 per cent year-on-year in January 2010," he said.
It was reported that PayPal processed more than US$6 billion in total payments volume in the Asia Pacific in 2009.
Irani said with the special tie-up with Matrade, its members who sign up for PayPal accounts will benefit from a 25 per cent discount on all transactions fees for the first 100 transactions, made within their first three months of registration.
Besides that, eBay will also be waiving insertion fees for the first 100 listings created by Matrade members.
PayPal, which is an eBay company, manages more than 84 million active accounts in 190 markets and 24 currencies around the world. - Bernama
Read more: PayPal to open 2nd operations hub in KL http://www.btimes.com.my/Current_News/BTIMES/articles/20100519143307/Article/index_html#ixzz0z3LlyDKL
PayPal to open 2nd operations hub in KL
This is to cater for an increasing demand for e-commerce, particularly in the Asean region.
PayPal Asia Pacific Vice President Farhad Irani said the company is at present scouting for an appropriate location and approval from the relevant authorities.
"We will be able to make a definitive announcement within the next three months. We also hope this hub will be operational by year-end," he added, when asked about the investment by the company for the hub.
Irani said the hube will employ between 250 to 400 people with the ability to speak different languages in serving the various countries in Asean.
"The company has at present, service operations in Shanghai, China, with 450 employees," he highlighted.
He said the opening of the hub in Kuala Lumpur is part of the company's long term plan to strengthen its presence in Malaysia.
Irani had earlier signed a memorandum of understanding (MoU) with the Malaysia External Trade Development Corporation (Matrade) and eBay.
The MoU will see PayPal and eBay organise a series of seminars, workshops and provide consultation support services to Malaysian small and medium enterprises (SMEs).
The Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, witnessed the signing of the MoU.
The implementation of the eBay for Business Programme, will see the SMEs gain knowledge on how to effectively conduct market research, undertake sourcing and marketing of products as well as provide customer service for the merchant sector.
Irani said PayPal and eBay remain very optimistic about the prospects of e-commerce.
"With 15.8 million internet users and e-commerce expected to grow at a compound annual growth rate of over 28 per cent from 2006 to 2010, the potential for Malaysia remains tremendous," he explained.
On eBay, for example, Malaysia is one of the most active markets in cross border trade within Southeast Asia.
"The total value of goods, sold to overseas markets like the United States or Europe by Malaysian eBay sellers alone, grew by 69 per cent year-on-year in January 2010," he said.
It was reported that PayPal processed more than US$6 billion in total payments volume in the Asia Pacific in 2009.
Irani said with the special tie-up with Matrade, its members who sign up for PayPal accounts will benefit from a 25 per cent discount on all transactions fees for the first 100 transactions, made within their first three months of registration.
Besides that, eBay will also be waiving insertion fees for the first 100 listings created by Matrade members.
PayPal, which is an eBay company, manages more than 84 million active accounts in 190 markets and 24 currencies around the world. - Bernama
Read more: PayPal to open 2nd operations hub in KL http://www.btimes.com.my/Current_News/BTIMES/articles/20100519143307/Article/index_html#ixzz0z3LlyDKL
PayPal to open 2nd operations hub in KL
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