Business & Corporate across Malaysia
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Google opens Singapore cloud engineering hub, hires over 85
Google officially opened the first phase of its Google Cloud Singapore engineering site on Tuesday (Sept 15). The company has hired more than 85 specialists in under six months. The site sits alongside the Google DeepMind AI research lab.
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Pestec disputes winding-up petition, says not validly served
Pestec International Bhd has disputed a winding-up petition filed by Shandong Power Equipment Company Limited, saying it was not validly served. The company says the petition stems from a disputed corporate guarantee and that it has obtained an injunction against SPECO.
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Capital A appoints Chuah Sue Yin as independent director
Capital A Bhd has appointed Chuah Sue Yin as an independent and non-executive director effective today. Chuah is managing partner at PCCO Group and holds several auditor licences, including one approved by the Finance Ministry. She also sits on the boards of BP Plastics Holding and Tokio Marine Life Insurance Malaysia.
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Hextar Retail takeover offer becomes unconditional after offerors pass 50% stake
The takeover offer for Hextar Retail Bhd has turned unconditional after the offerors and parties acting in concert secured 51.03% of the company's voting shares. The offer, first announced on Aug 10 at 43 sen cash per share, remains open for acceptances until Sept 29. The offerors intend to keep Hextar Retail listed on Bursa Malaysia's Main Market.
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FAM exco candidate pledges stronger clubs, governance ahead of congress
FAM executive committee candidate Faliq Firdaus wants Malaysian professional clubs to have stronger finances instead of relying on owners or government funding. He also calls for clubs' voices to be strengthened in FAM decisions ahead of Thursday's extraordinary election congress.
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Poh Huat Resources 3Q net profit rises to RM2.30m on forex gain
Poh Huat Resources Holdings Bhd posted a net profit of RM2.30 million for its third quarter ended July 31, 2026, up from RM261,664 a year earlier, helped by a RM2.05 million net foreign exchange gain. Revenue fell 8.1% to RM85.64 million as Vietnam operations dropped 17.5% on softer US demand, while Malaysia revenue held at RM50.03 million. The company declared a second interim dividend of one sen per share.
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Foo Cexiang: Parliament not the risk committee for individual firms
In Parliament on Sept 15, Minister of State Foo Cexiang rejected Workers' Party MP Kenneth Tiong's argument that Parliament acts as the risk function for the national reserves while SIA's board is the investment team. Foo said MPs lack the data, expertise and mandate to set commercial risk limits for Temasek portfolio companies such as SIA, DBS and Singtel, and warned that political direction over commercial decisions would weaken governance. The exchange follows a Sept 8 debate over SIA's 25.1 per cent Air India stake and a reported US$1.5 billion capital injection request.
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Sarawak to push into semiconductor front-end, says Abang Johari
Sarawak Premier Abang Johari Tun Openg said the state must move into the front-end of the semiconductor industry, developing its own chip designs and technology rather than focusing on back-end manufacturing. Speaking at the Sarawak Semiconductor Flagship Talent Development Ecosystem Ceremony at CENTEXS in Santubong, Kuching, he said the ambition includes space technology and AI applications, and will create demand for hundreds of engineers.
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Grab to buy 60% of Atome Financial for US$1.49 billion
Grab will take an initial 60 per cent stake in Singapore-based Atome Financial for US$1.49 billion, with an option to buy the remaining 40 per cent about two years after closing. The deal could value Atome at up to US$4.5 billion and is expected to complete by the third quarter of 2027.
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Alam Flora orders 161 EVs worth RM2.76m from Ni Hsin
Alam Flora Sdn Bhd has ordered 161 electric vehicles worth RM2.76 million from Ni Hsin Group Bhd for its waste management operations. The order covers 105 electric motorcycles and 56 electric tricycles, to be delivered by Dec 31, 2026, with deployment in the Klang Valley, Putrajaya, Pahang and Cameron Highlands.
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Airbus forecasts 42,000 new jets needed over next 20 years
Airbus said it sees no softening in aircraft demand or deliveries despite geopolitical and supply chain headwinds, speaking at a briefing in Hong Kong on its 2026-2045 Asia-Pacific market forecast. The planemaker expects about 42,000 new aircraft globally over 20 years, with roughly 45% going to Asia-Pacific, and raised India's domestic traffic growth forecast while cutting China's.
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YTL Hospitality REIT appoints Yeoh Keong Wei as alternate director
YTL Hospitality REIT has appointed Yeoh Keong Wei, 30, as an alternate director effective Sept 15, 2026. He is currently an executive director of YTL Land & Development and is the son of Dato' Yeoh Seok Kian, a director of the REIT's manager Pintar Projek Sdn Bhd.
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AWS cannot restore Bahrain and one UAE cloud zone after Iran war damage
Amazon Web Services said it cannot restore access to its cloud facility in Bahrain and one availability zone in the United Arab Emirates after infrastructure was damaged during the Iran war. The damage exceeded what AWS regional and multi-AZ services are designed to withstand, and the company is helping customers migrate to other regions.
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Saudi soft drink brand Kinza seeks Malaysian manufacturing partners at Mihas 2026
Kinza, a Saudi carbonated soft-drink brand, will take part in the Malaysia International Halal Showcase (Mihas) 2026 in Kuala Lumpur from Sept 23 to 26, looking for local manufacturing and distribution partners in Malaysia and Indonesia. The brand, manufactured in Jeddah, already sells in 75 markets and sees Malaysia and Indonesia as its two strategic Southeast Asian markets.
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Frontken unit wins RM118mil Tainan industrial property tender
Frontken Corporation's subsidiary Ares Green Technology Corporation won a public tender for an industrial property in Tainan Xinying Industrial Zone, Taiwan, for NT$920 million (about RM118.16 million). The site, roughly 950 metres from AGTC's existing P1 facility, covers 16,172 sq m of land with seven factory buildings and a solar PV system. Frontken said the purchase supports AGTC's long-term capacity expansion.
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Bintai Kinden gets RM1.5m in profit guarantee settlement
Bintai Kinden Corporation Bhd said it reached a full out-of-court settlement with Yeo Eng Lam over a profit guarantee recovery claim, receiving RM1.5 million on Sept 11, 2026. After about RM100,000 in legal fees, the net positive financial impact is expected to be around RM1.4 million. The company said the settlement has no material operational impact.
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ZTE at GSMA M360 ASEAN 2026 in KL: Building Digital Trust for AI Era
ZTE participated as a Strategic Partner at GSMA M360 ASEAN 2026, held in Kuala Lumpur from September 9 to 10. Senior Vice President James Zhang delivered a keynote outlining four pillars—Sovereign AI, Security, Affordability, and Sustainability—for ASEAN's AI future, and called for collaboration to bridge cost gaps and promote inclusive AI benefits.
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UUE Holdings forms JV with Singapore's EGPII for power grid works
UUE Holdings Bhd is entering the extra-high-voltage and high-voltage substation engineering market through a joint venture with Singapore-based EGP Infrastructure Investments. Its wholly owned unit Kum Fatt Engineering will hold 40% of the new Malaysian company, with EGPII taking 60%, to pursue turnkey power grid and substation projects in Malaysia.
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Nestle Malaysia names Janet Gu as executive director and CFO from Feb 2027
Nestle (Malaysia) Bhd has announced that Minjie Janet Gu will become its executive director and chief financial officer on Feb 1, 2027, succeeding Syed Saiful Islam, who moves to another Nestle market. Gu, currently regional CFO for Nestle Professional Asia, Oceania and Africa, has over 20 years of finance experience including 18 with the Nestle Group. The company disclosed the change in a Bursa Malaysia filing and will make the formal boardroom announcement when the appointment takes effect.
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MARC upgrades CCBM to AAA on ECRL-driven loan growth
MARC Ratings has upgraded China Construction Bank (Malaysia) Bhd's long-term rating to AAA from AA+ with a stable outlook. The upgrade follows a 19.1 per cent expansion in the bank's loan book to RM3.2 billion last year, driven by financing for the East Coast Rail Link project.
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Steel Hawk executive director Salimi Khairuddin steps down Sept 15
Steel Hawk Bhd executive director Salimi Khairuddin has resigned effective Sept 15, 2026, to take a career break and focus on personal interests. The 39-year-old had served on the board since December 2020 and led the group's onshore operations as chief operating officer. He is also a substantial shareholder of the oil and gas services company.
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Malaysia, Maldives agree to start PTA talks
Malaysia and the Maldives have agreed to begin negotiations on a Preferential Trade Agreement during Prime Minister Anwar Ibrahim's official visit. President Mohamed Muizzu invited Malaysian investment in renewable energy, digital infrastructure, construction and Islamic finance. Anwar said Malaysian exports to the Maldives exceed US$184.1 million.
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Rework.com launches Agentic OS for Malaysian businesses
Global tech firm Rework.com launched its Agentic Operating System in Kuala Lumpur, a platform uniting human workers, AI agents, business data and operational workflows. Founder Eric Pham said Malaysia's AI adoption gap stems from missing business infrastructure rather than a lack of investment. Malaysia recorded RM87.4 billion in digital investment in 2025, yet 67 per cent of AI practitioners still rely mainly on basic chatbot apps.
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YTL Power, Ganda Power sign Siemens deal for four more gas turbines
YTL Power International, Ganda Power and Siemens Energy have signed reservation agreements for four additional SGT-9000HL gas turbine units, bringing their total to seven. The turbines will support power generation projects in Malaysia and the region with over 5,250MW combined capacity. The agreements were signed in Kuala Lumpur by YTL Power managing director Datuk Seri Yeoh Seok Hong, Ganda Power director Datuk Syed Budriz Putra Jamalullail and Siemens Energy executive board member Karim Amin.