Mlabs, Thai firm sign WiFi, e-com­merce deal

New Straits Times - - Business -

KUALA LUMPUR: Mlabs Sys­tems Bhd has teamed up with Thai­land-based On­liner Co Ltd to pro­vide WiFi and e-com­merce ser­vices in Chatuchak, Bangkok.

The com­pany ex­pects to add new rev­enue stream of RM120,000 per year from the five-year al­liance.

While the fig­ure might seem small for a com­pany with a mar­ket cap­i­tal­i­sa­tion of more than RM30 mil­lion, its direc­tor Sureswaran Ra­madass said the pact was a step­ping stone for Mlabs to spread its wings in Thai­land.

On­liner cur­rently has been awarded a five-year con­ces­sion by the coun­try’s State Rail­way to set up WiFi ser­vices in Chatuchak.

The Thai com­pany said it aimed to se­cure sim­i­lar pro­jects and was open to work­ing with Mlabs in fu­ture.

Mlabs’s wholly-owned Mul­ti­me­dia Re­search Lab (MRL) en­tered into the pact with On­liner yes­ter­day.

Both com­pa­nies will jointly de­velop mo­bile ap­pli­ca­tions that can pro­vide on­line trad­ing ser­vices to tap a large num­ber of vis­i­tors in the Chatuchak mar­ket.

The mo­bile ap­pli­ca­tions will also have in­door map­ping of Chatuchak as well as live video stream­ing to show­case goods and ser­vices pro­vided at the mar­ket.

“The devel­op­ment roadmap for On­liner and MRL is to en­able the bar­gain­ing of pric­ing for bulk pur­chases be­tween a buyer any­where in the world and re­tail­ers in Chathu­cak.

“Plans are also un­der­way for the in­tro­duc­tion of an e-pay­ment or e-wal­let to shop­pers for a safer, cash­less mar­ket place,” said Sureswaran.

He said the com­pany would in­vest up to RM800,000 dur­ing the early stages of the project and con­sider a higher com­mit­ment when On­liner se­cures sim­i­lar pro­jects in Thai­land and over­seas.

On­liner Co Ltd man­ag­ing direc­tor Shane Suwan­naphan (third from left) ex­chang­ing doc­u­ments with Mlabs Sys­tem Bhd direc­tor Sureswaran Ra­madass at a sign­ing cer­e­mony in Kuala Lumpur yes­ter­day. PIC By HALIM SALLEH

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