Business & Corporate across Malaysia
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UMediC FY26 profit down 2.4% to RM8.1mil as revenue rises 20.8%
UMediC Group Bhd posted a full-year profit after tax of RM8.1 million for FY26, down 2.4% from RM8.3 million a year earlier, even as revenue grew 20.8% to RM58.7 million. Fourth-quarter revenue jumped 52.1% to RM18.7 million on stronger marketing and distribution, but quarterly profit fell 24% to RM1.9 million. The group is expanding its manufacturing footprint and pushing into neurology through partnerships with private hospital groups and Vagus Nerve Stimulation therapy.
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160 business owners attend SME conference in Petaling Jaya
More than 160 Malaysian business owners and executives gathered in Petaling Jaya for the Building Businesses That Last Conference 2026. Organised by the SME Association of Malaysia and VKA Wealth Planners, the conference discussed resilience, succession planning and long-term sustainability for SMEs.
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DSR Taiko, PKNP sign MoU on Pahang Musang King origin standard
DSR Taiko Bhd and the Pahang State Development Corporation (PKNP) have signed a memorandum of understanding to set up a verified origin standard and digital export traceability system for Pahang Musang King durians. The plan introduces a Pahang Musang King origin label backed by the Musang King Integrated Tracking System, letting growers tag harvests digitally and buyers verify origin. It also supports the proposed Pahang Durian City hub in Bentong.
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Sapura Resources unit Invation Aero starts creditors' voluntary winding-up
Invation Aero Sdn Bhd, an indirect wholly owned subsidiary of Sapura Resources Bhd, has begun a creditors' voluntary winding-up after shareholders and creditors met on Sept 14, 2026. Liquidators from Norvic Corporate Services were appointed, and the dormant aircraft leasing and MRO firm had net current liabilities of RM1.18 million as at Aug 31. Sapura Resources says the exercise will not materially affect its earnings or net assets.
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PDZ Holdings proposes RM65.4mil capital reduction
PDZ Holdings Bhd has proposed cancelling RM65.4 million of its issued share capital to offset accumulated losses, trimming its issued capital from RM158.57 million to RM93.17 million without changing the number of shares. The exercise, subject to shareholder approval at an EGM, is targeted for completion in the first quarter of 2027.
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Sarawak to receive US$1 billion investment for downstream petrochemicals in Bintulu
Sarawak is set to receive an estimated US$1 billion investment from Indorama Ventures together with two Japanese companies, Sakura and HighChem, to develop gas-based downstream products in Bintulu. Premier Abang Johari Tun Openg said the matter was discussed during his official visit to Thailand for GASTECH 2026, with detailed talks to follow with Sarawak Petchem.
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GFM Services' Pengerang turnaround orders rise to RM268.7mil after revision
GFM Services Bhd said the combined gross estimated value of four release orders for the first major turnaround cycle at the Pengerang Integrated Complex in Johor has risen to RM268.7 million. The increase follows a revised release order from Pengerang Refining Company Sdn Bhd to its indirect 60%-owned subsidiary Shapadu CR Asia, which lifted that package by RM37.4 million to RM104.2 million.
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Firms return to China as tariff-driven shift abroad proves hard to replicate
Companies that moved production out of China to dodge US tariffs are bringing orders back, citing China's supplier networks, skilled labour and reliable power. Dawang Metals in Dandong, a Hangzhou furniture exporter, Target and Shein are among those reversing or scaling back overseas operations. The shifts come ahead of an expected Trump-Xi meeting this month.
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Union urges former True Group staff to seek aid after firm's winding up
Singapore's SMMWU union is urging former True Group employees to come forward for assistance following the company's winding up. A job-matching session is set for 17 September, and eligible Singaporean or PR workers can get extra career support through the SkillsFuture Jobseeker Support scheme.
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AmFIRST REIT divests weak assets in portfolio repositioning
AmFIRST REIT is repositioning its portfolio after years of lacklustre performance, divesting lower-yielding and non-core assets such as AmBank Group Leadership Centre and Menara AmFIRST. CEO Chong Hong Chuon said the asset portfolio has not generated enough yield to pay a dividend, while chairman Azlan Baqee Abdullah noted the last acquisition was Mydin Hypermall in Bukit Mertajam over a decade ago.
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More Singapore workers take on AI agent manager roles as firms adopt agentic AI
Companies in Singapore are increasingly deploying agentic AI, and employees are taking on the role of managing these digital agents, directing them and checking their output. A survey of 200 firms found 92 per cent are exploring or using agentic AI, up from 69 per cent last year, with AI expected to support 47 per cent of tasks within two years. Analysts say jobs are being redesigned and workers upskilled rather than replaced wholesale.
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GXBank gets IFC first-loss guarantee for US$110mil MSME loan book
GXBank has secured an IFC first-loss guarantee covering up to US$4.95 million against an MSME loan portfolio of up to US$110 million, said to be a regional first for a digital bank. The cover is meant to cut the risk-weighted capital GXBank must hold under Bank Negara Malaysia's framework, freeing it to lend more to businesses without collateral or credit history. The bank says 15,000 MSMEs have opened accounts and more than 5,000 loans have been drawn down.
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M&A Equity Holdings clarifies media reports on Next Lion and Zetrix AI
M&A Equity Holdings Berhad has issued a clarification on media reports concerning Next Lion Holdings Limited and Zetrix AI Berhad. The announcement was filed with Bursa Malaysia on 14 September 2026 as a general announcement for a listed company.
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MN Holdings unit extends MOU with Founder Energy
MN Holdings Berhad announced that its wholly-owned subsidiary MN Power Transmission Sdn Bhd has extended a memorandum of understanding with Founder Energy Sdn Bhd. The announcement was made to Bursa Malaysia on 14 September 2026. No location or financial terms were disclosed.
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Petronas unit signs five-year LNG supply deal with Greece's Metlen
Petronas subsidiary PETCO Trading (UK) Ltd has agreed a five-year sale and purchase deal to supply liquefied natural gas to Greek energy company Metlen. Six cargoes a year, about 0.6 billion cubic metres, will come from Petronas' Atlantic portfolio starting in 2027. Petronas says the deal expands its LNG presence in Europe and the Mediterranean.
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FGV appoints forensic auditor as Felda widens governance review
FGV Holdings, a subsidiary of Felda, has appointed an independent audit firm to carry out a forensic audit into matters involving an entity with corporate ties to the group. Felda said the move follows recommendations from the prime minister, MACC and the Felda 2030 committee, and that similar appointments are being made at other subsidiaries. Forensic audits of Felda have been running since 2019, with earlier Ernst & Young findings tabled in Parliament in the 2020 White Paper.
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CIMB wins three Euromoney 2026 awards
CIMB Bank Bhd has won three awards from global financial magazine Euromoney, including Malaysia's Best Retail Bank, Best Digital Bank for SMEs and Best Investment Bank. The wins, shared with CIMB Investment Bank, were credited to digital financial solutions and growth in loans and deposits.
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Ouch! ropes in mmob founder Oz Ahmed for AI family takaful push
Malaysian digital takaful hopeful Ouch! is working with mmob founder Arsalaan "Oz" Ahmed and UK fintech infrastructure provider mmob to build an AI-supported family takaful business. The company is also teaming up with SENNI on an AI governance system and is preparing to apply for Bank Negara Malaysia's Digital Insurers and Takaful Operators licence, with the application window closing on 31 December 2026.
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Multi Talent strengthens security workforce through Elevate HRDCorp
In Kuala Lumpur, former senior police officer Sharifah Zanariah Syed Mahamood said careers as private investigators and detectives have a bright future in Southeast Asia. Her company Multi Talent reinforced security workforce training through the four-day Elevate HRDCorp 2026 programme, which closed at Perdana Hotel Kuala Lumpur City Centre with certificates presented by former Deputy Inspector-General of Police Tan Sri Mazlan Lazim. A book titled 'Berfikir Seperti Penyiasat' was also launched.
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Volvo Car Malaysia sweeps Grand Effie, Brand of the Year at 2026 Malaysia Effie Awards
Volvo Car Malaysia won the Grand Effie, Brand of the Year and the first Gold Effie for an automotive brand at the 2026 Malaysia Effie Awards in Kuala Lumpur. The win followed the launch of the flagship Volvo EX90 SUV and the 'Selamat' road-safety campaign.
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IOI Properties raises REIT development allocation to RM3.07bil
IOI Properties Group has more than doubled the amount set aside for project development and property investment under its Malaysian REIT exercise, to RM3.07 billion from RM1.55 billion. The sum is 66% of the estimated RM4.66 billion in gross proceeds from the proposed disposals and offering for IOIPG REIT, with debt repayment cut to RM1.53 billion.
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Generali Malaysia launches GROW 2026, its first accelerator for insurtech startups
Generali Malaysia has launched its first accelerator programme, the Generali Growth and Innovation Programme (GROW 2026), designed exclusively for the Malaysian market. The programme supports local insurtech, healthtech and medtech startups with mentorship, workshops and a Demo Day, offering non-dilutive cash prizes. It aims to strengthen Malaysia's insurance, health and protection ecosystem.
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TVS and RT strengthen content and media training cooperation
TV Sarawak (TVS) and Russia Today (RT) are continuing cooperation to expand the reach of content from Malaysia and ASEAN to audiences in Russia and internationally. The meeting in Kuala Lumpur follows a Memorandum of Understanding signed on 4 July 2025 covering content exchange, international news coverage, media training and joint publishing.
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Kelington wins RM1.83bil contract for India chip facility
Kelington Group Bhd has secured a provisional US$452 million (RM1.83 billion) contract to provide turnkey total facility tool hookup services for a semiconductor wafer fabrication facility in Gujarat, India. The works are expected to take 30 months, with completion targeted by February 2029, covering up to 886 tools across two modules.