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Boustead Holdings Berhad
2009 Annual Report
MANUFACTURING & SERVICES
DIVISION
SERVICES
The challenging market condition adversely impacted the
tourism industry during the year. Despite this, Boustead
Travel Services Sdn Bhd achieved a satisfactory profit. The
focus was primarily on providing quality customer service to
c o r p o r a t e a n d l e i s u r e t r a v e l l e r s b y m a n a g i n g
the needs of the clients with a wide range of products
and services.
The economic downturn took a direct hit on the global
shipping industry. Boustead Shipping Agencies Sdn Bhd
was not spared as shipping lines were badly hit by reduced
volumes and low freight rates. Fewer vessels called at our
Malaysian ports which affected our revenue.
Boustead Information Technology Sdn Bhd ended the
year with a profit from the implementation of the Plantation
Information Management and Control System and the
completion of the comprehensive ICT solution for The Royale
Chulan, Kuala Lumpur.
Asia Smart Cards Centre Sdn Bhd was profitable in spite
of tough competition. The company undertook a renewal plan
to penetrate into the market for personalisation of debit cards
with ATM functionalities.
The University of Nottingham in Malaysia Sdn Bhd
(UNMC) strengthened its position as one of Malaysia’s premier
education institutions with a student body of more than 3,500
students. The institution continues to attract international
students as 38% of the students comprise nationals from over
70 countries.
UNMC features a fully integrated campus ideal for the researchled
university. The faculties at the Semenyih campus contribute
to the broader research agenda of the university through
research based in Malaysia as well as its home faculties in the
United Kingdom. The university has to its credit, 21% of
postgraduate students of which 178 are registered for research
degrees. The year also saw the establishment of two new
schools, the School of Modern Languages and Cultures and
the School of Psychology.
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