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MediaKUALA LUMPUR: Huawei Techno-logies (Malaysia) Sdn Bhd (Huawei Malaysia) and JS Solar Holding Bhd have inked an MoU at the recent International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2025 to jointly advance smart solar and energy storage projects across Malaysia.The tie-up will drive JS Solar’s upcoming renewable energy pro-jects, with the aim of accelerating Malaysia’s carbon neutrality goals. JS Solar’s projects include Large-Scale Solar farms, Ground-Mounted Self-Consumption Solar farms, hybrid rooftop systems and the Corporate Renewable Energy Supply Scheme. “JS Solar is excited to strengthen our collaboration with Huawei Digital Power as we expand into East Malaysia. By combining Huawei’s advanced smart PV and energy storage technologies with JS Solar’s proven project delivery expertise, we aim to provide reliable, efficient, and sustainable energy solutions that accelerate Malaysia’s clean energy transition. This partnership underscores our joint commitment to supporting the nation’s net zero aspirations,” said JS Solar managing director Chai Jeun Sian.“Huawei Digital Power is pleased to collaborate with JS Solar in advancing Malaysia’s renewable energy infrastructure. With our Smart PV and energy storage technologies, JS Solar will be able to optimise power generation, manage energy use more effectively, increase operational effi-ciency and ensure grid stability across diverse applications,” said Huawei Malaysia, digital power business vice-president Chong Chern Peng.Under the partnership, JS Solar will serve as the Engineering, Procurement and Construction partner, while Huawei Malaysia will be the tech enabler, contributing its digital power expertise and innovative Smart PV solutions. Huawei Malaysia and JS Solar will also jointly study, design and implement Solar + Battery Energy Storage System technologies, exploring practical business models and scalable solutions to enhance renewable energy efficiency and grid resilience. via Business https://ift.tt/vVnB8JN

MediaKUALA LUMPUR: Following the government’s announcement of Budget 2026, which places renewed emphasis on MSME empowerment, sustainable financing and halal ecosystem development under the 13th Malaysia Plan, microLEAP and Halal Development Corporation Bhd (HDC) have partnered to expand syariah-compliant financing opportunities for halal-certified micro, small and medium enterprises.In a statement, they said the partnership supports Budget 2026’s focus on advancing Malaysia’s halal economy as a key pillar of national growth, while also aligning with the Halal Industry Master Plan (HIMP) 2030, which envisions a “Prominent, Visible and Globalised Halal Malaysia”. Specifically, they added that the collaboration complements Stra-tegic Thrust 4: Enhancing Quality and Integrated Infrastructure Development, by strengthening financial infrastructure and access to capital for Halal enterprises to scale and compete internationally.Through this collaboration, more than 14,000 members registered under HDC’s Halal Integrated Platform (HIP) will have access to microLEAP’s syariah-compliant financing ecosystem, enabling them to secure funding that supports business expansion, Halal certification readiness and growth opportunities.microLEAP, a recognised syariah-compliant Peer-to-Peer (P2P) financing platform by the Securities Commission Malaysia, offers two core financing options tailored to MSME needs. Its micro financing product provides access to funding of up to RM50,000 for smaller enterprises seeking working capital or early-stage expansion, while its invoice financing offers a soft limit of up to RM500,000 for businesses with larger operational and cash flow requirements. These solutions are designed to give Halal MSMEs flexible, ethical and transparent financing options aligned with syariah principles.The partnership with HDC will also align financial readiness with certification standards, helping entrepreneurs move from being Halal-certified to becoming Halal-competitive. In addition, the collaboration aims to encourage more investors to participate in syariah-based MSME financing, strengthening confidence in the sector’s governance and resilience.microLEAP CEO Tunku Danny Nasaifuddin Mudzaffar said, “Our mission is to open financing pathways that are fair, transparent and accessible. With Budget 2026 charting a clear path for sustainable and inclusive growth, syariah-compliant financing must play a central role in empowering Halal MSMEs. Partnering with HDC allows us to scale this vision with purpose, enabling businesses to access the funding they need to grow, export and contribute to Malaysia’s leadership in the global Halal economy.”Since 2019, microLEAP has channelled over RM438.6 million in syariah-compliant financing to 357 MSMEs across sectors such as trading, services, food and beverage, technology and engineering.In Q3’25, the platform disbursed RM57.5 million, representing a 113% year-on-year increase. As of October 2025, microLEAP’s default rate has improved to 0.34%, under-scoring the platform’s consistent portfolio quality and prudent credit practices.HDC CEO Hairol Ariffein Sahari said, “Budget 2026 and the Halal Industry Master Plan 2030 both recognise the Halal sector as a driver of innovation and inclusivity. The real test for Halal businesses has never been certification alone; it has been access to capital. By bridging that gap with microLEAP, we are supporting HIMP 2030’s mission to build an integrated and competitive Halal ecosystem where businesses can grow sustainably, innovate confidently and compete globally.”The partnership between microLEAP and HDC represents a tangible step towards embedding syariah-compliant financing within Malaysia’s broader Halal industry infrastructure. As the nation moves forward under Budget 2026 and HIMP 2030, both organisations said they are committed to ensuring that Halal MSMEs are not only compliant participants in the economy but key enablers of Malaysia’s growth, innovation and global competitiveness. via Business …

MediaPETALING JAYA: Fiuu, a fintech platform in Southeast Asia, has partnered with Pos Malaysia, the national post and parcel service provider, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network, to introduce a transformative cashless solution for cash-on-delivery (COD) transactions. This initiative is powered by Fiuu’s innovative payment platform and leverages PayNet’s DuitNow QR. It aims to redefine how Malaysians complete their COD transactions, providing a seamless and secure payment experience right at their doorstep.“Through this partnership, Fiuu is at the forefront of driving Malaysia’s digital economy forward. We are committed to delivering secure, innovative, and customised payment solutions that not only benefit consumers and merchants but also support Pos Malaysia in expanding its COD offering for e-commerce sellers. By converting to DuitNow QR, Fiuu can automate the cashless collection reconciliation process, paving the way for more seamless and efficient transactions. This is more than just a payment solution, it’s a significant step toward reshaping the future of the e-commerce industry,” said Fiuu CEO Eng Sheng Guan.Pos Malaysia Group CEO Charles Brewer said, “At Pos Malaysia, we are passionate about building trust to connect lives and businesses for a better tomorrow. By embracing DuitNow QR, we are transforming our COD services to meet the evolving needs of our customers. This innovative cashless solution not only delivers effortless convenience but also reflects Pos Malaysia’s dedication to drive innovation and digitalisation, allowing us to enhance our services and deepen our connection with the rakyat in the digital age.”PayNet chief marketing officer Gary Yeoh shared, “PayNet is proud to be a key enabler in simplifying the COD payment process for the courier, express, and parcel (CEP) sector across Malaysia. With the enablement of DuitNow QR, we are tapping into a larger potential of cashless conversions through even more secure and efficient transactions. Our partnership with Fiuu and Pos Malaysia further advances our mission to drive the nation towards a cashless society. This collaborative effort is a step forward in providing reliable, innovative digital payment experiences for all Malaysians.” The partnership marks a defining moment in transforming COD parcel services, giving millions of Malaysians a faster and safer way to pay. By uniting the strengths of Fiuu, Pos Malaysia, and PayNet, the initiative advances the nation’s digital economy and lays the foundation for stronger e-commerce growth. via Business https://ift.tt/P6dkUA0

MediaKUALA LUMPUR: Hong Leong Bank Bhd (HLB) remains confident that Malaysia’s economy will stay on a stable growth path in 2026, expressing optimism that the nation is on track to achieve its targeted gross domestic product (GDP) growth of 4.5% next year.HLB general manager of fixed income and economic research Choong Yin Pheng said the banking group attributed its optimism to two key factors – domestic demand is expected to remain resilient, supported by strong private consumption.“We are seeing stronger realisation of investment projects, which will continue to support the domestic economy. “Externally, while uncertainties remain, we expect conditions to stabilise as we move into next year – a development that should further drive Malaysia’s growth. “That said, downside risks persist, particularly with the unresolved impact of semiconductor tariffs, which could pose the biggest challenge ahead,” she told delegates at Hong Leong Bank’s roundtable entitled “Decoding Budget 2026: What It Means for Malaysia’s Growth” today.The roundtable also featured insights from Taylor’s University adjunct professor Prof Dr Ong Kian Ming, Small and Medium Enterprises Association of Malaysia (Samenta) national president Datuk William Ng, and PwC Malaysia tax partner Ang Wei Liang.Choong said the total fiscal outlay of RM417 billion marks a steady improvement in fiscal management, narrowing the budget shortfall to RM75 billion in 2026 – down from RM77 billion in the revised 2025 Budget.She noted that the increased participation of government-linked investment companies and government-linked companies in development spending has helped ease pressure on government coffers, with operating expenditure at 81% and development expenditure at 19%.On revenue, Choong highlighted that Sales and Service Tax (SST) collection has risen steadily to nearly 2.8% of gross domestic product (GDP), comparable to the Goods and Services Tax era, while petroleum-related income has declined, a sign of reduced reliance on oil revenues.Subsidy reforms, she added, have led to more targeted cash assistance, with subsidies expected to account for 44% of social spending next year, down from 75% previously.“Malaysia’s fiscal consolidation is on track, with the deficit improving from 4.1% of GDP in 2024 to 3.5% in 2026,” Choong said, adding that this trend supports the country’s sovereign rating outlook.She projected GDP growth of 4% to 4.5% and inflation between 1.3% and 2% next year, aligning with the Ministry of Finance’s forecast.“Despite global uncertainties, Malaysia’s economy remains resilient, supported by stable growth, manageable inflation, and healthy fundamentals. We do not expect Bank Negara to cut the OPR (Overnight Policy Rate) further,” she said.HLB also expects the ringgit to strengthen gradually, forecasting RM4.20 to the US dollar by end-2025, and RM4.10 within 12 months, driven by narrowing rate differentials with the US, sustained growth, and continued investment inflows.Meanwhile, Ong said Budget 2026 strikes a generally balanced approach in encouraging both foreign direct investment (FDI) and domestic direct investment (DDI), while maintaining policy consistency under the government’s ongoing economic reforms.He explained that new FDI requires greater confidence than existing investors, while DDI depends heavily on Malaysia’s economic and political stability. “Budget 2026 should be seen as a continuation of the government’s governance story since 2024, reflecting consistent policy direction and structural reforms.” Ong highlighted three key strengths: political stability under Prime Minister Datuk Seri Anwar Ibrahim, Malaysia’s balanced geopolitical positioning between global powers, and policy clarity through initiatives such as the National Energy Transition Roadmap and the New Industrial Master Plan.However, Ong noted areas for improvement, including stronger commitment to implementing announced plans, avoiding policy surprises such as the recent SST expansion and sudden excise hikes on alcohol…

MediaSHAH ALAM: Malaysia’s courier market is expected to reach RM6.9 billion in 2025, supported by rising e-commerce demand and continued investment in logistics infrastructure, said Communications Minister Datuk Fahmi Fadzil.He also said that parcel delivery volumes over the past two to three years have grown significantly month by month, according to information provided by the Malaysian Communications and Multimedia Commission.“This demonstrates that the government’s efforts to establish a robust e-commerce ecosystem and strengthen digital infrastructure, supported by high-speed internet access now reaching 5G and even 5G Advanced, are bearing fruit,” he said in his speech at the official opening of SPX Express’ Bukit Raja Selatan Sorting Centre today.Based on 2024 data, Fahmi said, the number of parcels handled by the courier industry exceeded 900 million a year, compared with 52 million parcels in 2015. “The multiple-fold growth within less than a decade is driven by the rise in online purchases, the growth of e-commerce platforms, improved internet access and digitalisation.”Fahmi said the increase in parcel volume demonstrates that Malaysia’s digital-economy ecosystem is maturing.“Entrepreneurs no longer need to be in Kuala Lumpur to sell their products. They can operate from anywhere in Malaysia and that’s the power of an efficient logistics network.”He said Malaysia’s digital economy is on track to contribute 25.5% to gross domestic product this year, with logistics players such as SPX Express serving as key enablers.“This new Bukit Raja Selatan facility is capable of sorting up to two million parcels a day. On an annual average, the facility alone could potentially handle between 400 million and 500 million parcels per year, and this is just the beginning. The team has also shared that there is room for expansion in the future if needed.”Spanning more than 30,000 square metres, SPX Express’ new Bukit Raja Selatan facility forms part of its RM63.2 million investment in advanced automated sorting machines to boost operational agility and efficiency.The sorting centre leverages artificial intelligence and Internet of Things to streamline parcel processing. It is designed to handle up to two million parcels per day, improving sorting efficiency by 2.2 times, and is expected to boost SPX’s total nationwide processing capacity by 80%, while reducing inbound-to-outbound processing time to under eight hours.Fahmi said he was informed that the opening of the Bukit Raja Selatan Sorting Centre alone has created more than 1,000 jobs across various roles. “Beyond those physically sorting parcels, there are also engineering and technical teams ensuring that the machines and equipment function smoothly.”The minister pointed out that the courier industry has created over 150,000 jobs for Malaysians, with 80% of delivery riders coming from the B40 income group.SPX head Cheah Lee Sun said the hub reaffirms SPX’s commitment to strengthening Malaysia’s supply-chain ecosystem and supporting its transformation into one that is more efficient, inclusive and responsive to the needs of businesses nationwide.“With our in-house technology, the new sorting centre can sort parcels to up to 200 unique destinations, strengthening the connection between businesses and shoppers and enabling more efficient deliveries across the country,” she said.“This means faster, more reliable deliveries for our customers including small businesses and everyday shoppers who rely on us for their e-commerce needs.” via Business https://ift.tt/XMwPua9

MediaKUALA LUMPUR: President Donald Trump’s confirmed attendance at the 47th ASEAN Summit suggests there will be “something substantial” to announce, according to an economist.Williams Business Consultancy founder Geoffrey Williams told Bernama this could potentially be a full free trade agreement with the US that removes reciprocal tariffs.The economist also anticipated new investment announcements by US businesses during the President’s visit.Williams expressed hope for positive news regarding zero duty for semiconductors, noting major semiconductor firms like Micron Technology Inc have facilities in Malaysia.The US currently imposes a general 19% tariff on Malaysian exports, though semiconductor products remain exempt.“Rare earths are also an important area, and perhaps there will be new US joint-venture opportunities there,“ he said.Regarding Trump’s first Asian trip since beginning his second presidency, Williams maintained a wait-and-see approach.He defined success as more trade and investment deals with reduced reciprocal tariffs and non-tariff regulations.Failure would mean maintaining the status quo or stricter US policies on Chinese goods transshipment through ASEAN countries.Overall, Williams said the visit would confirm continued cordial relations between Malaysia, ASEAN and the US.“The US is looking for further concessions on non-tariff barriers to trade,“ he added.Malaysia holds this year’s ASEAN chairmanship under the theme “Inclusivity and Sustainability”.The 47th ASEAN Summit will run from October 26 to 28 with participation from all 10 member states and key dialogue partners.The US remains one of Malaysia’s top trading partners for decades.Malaysia’s exports to the US grew 18.2% year-on-year to RM166.38 billion from January to September 2025.Imports from the US increased 11.2% to RM104.50 billion during the same period.Bilateral trade expanded 15.4% year-on-year to RM270.88 billion in the first nine months of 2025. – Bernama via Business https://ift.tt/zo9ngkl

MediaKUALA LUMPUR: Main Market-listed Yong Tai Bhd announced that the High Court of Malaya at Shah Alam (construction division) has ruled in favour of its wholly-owned subsidiary, Apple 99 Development Sdn Bhd, in the adjudication dispute with Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd.The High Court has set aside the adjudication decision dated May 9, 2025, under the Construction Industry Payment & Adjudication Act 2012 (CIPAA Act), which previously determined that Apple 99 was to pay RM75.46 million to Kerjaya Prospek. The court also dismissed Kerjaya Prospek’s application to enforce the adjudication decision, ordering Kerjaya Prospek to pay the total legal costs of RM20,000 to Apple 99, subject to allocator.The ruling means Apple 99 is no longer legally required to make any payment under the now-invalidated adjudication decision, unless Kerjaya Prospek successfully appeals in future. via Business https://ift.tt/gVyjDZP

MediaSAN FRANCISCO: Netflix shares declined on Tuesday after the streaming giant reported quarterly profit that missed market expectations.The company recorded a profit of $2.5 billion on revenue of $11.5 billion in the recently ended quarter.Netflix attributed the profit shortfall partly to a $619 million expense from an ongoing dispute with Brazilian tax authorities.The company stated in a shareholder letter that excluding the Brazil cost, it would have exceeded its operating margin forecast.“We don’t expect this matter to have a material impact on future results,“ Netflix said in the letter.Netflix shares fell more than five percent to slightly over $1,173 in after-market trading following the earnings release.Viewership in Britain and the United States reached their highest levels in about three years.This growth was powered by a content lineup that included its most popular film ever, “KPop Demon Hunters.”An ad-supported membership tier had its best sales quarter to date as Netflix continues to challenge traditional television.“Netflix had its best ad sales quarter to date but still did not provide a figure for how large the ad business is,“ said Emarketer senior analyst Ross Benes.“This gives the impression that the sustained revenue growth achieved this quarter, and forecasted for next quarter, will predominantly continue to come from subscription fees.”Netflix describes itself as one of the world’s leading entertainment services with over 300 million paid memberships in over 190 countries.Analyst Benes noted rumours that Netflix is bidding on global entertainment company Warner Brothers Discovery.“For that potential purchase to best compliment Netflix, the planned split of WBD would make its studio more attractive without bogging it down with TV networks that aren’t as agile as Netflix,“ Benes told AFP.Netflix expressed confidence in its momentum for the current quarter.The company cited attention-getting shows including the final season of “Stranger Things” and “The Diplomat.”A new “Knives Out Mystery” is also scheduled for release this quarter.The platform will additionally ramp up live events including professional American football and boxing. – AFP via Business https://ift.tt/QEmNwkj

MediaKUALA LUMPUR: Across Corporate Malaysia, transformation has emerged as more than just a strategic initiative – it is a mindset shaping how organisations evolve, compete and create value. For Permodalan Nasional Bhd (PNB), transformation reflects a journey of continuous growth and renewal, marked by a shift from a predominantly domestic investment focus to a more diversified and globally attuned portfolio. PNB deputy president and group chief executive Datuk Rick Ramli said this evolution has required rethinking business models, refreshing corporate values and cultivating a stronger culture of purpose and learning. “PNB’s efforts underscore that transformation is not a single milestone but a sustained process of building resilience, trust, and relevance in a changing world. Since our inception, PNB’s portfolio has undergone a remarkable shift. In the early years, about 96% of our investments were concentrated domestically, with only 2% allocated internationally. “Today, while those proportions have changed significantly, the principle remains the same – transformation is never a one-time effort but a continuous process,“ he told delegates at a panel discussion entitled “Transformation at Scale: Delivering Sustainable Shareholder Value in Malaysia”, at the PNB Knowledge Forum 2025 today.He said the challenge in this transformation journey lies in the evolution of PNB itself – an evolution that reflects the agency’s growth and learning over time. He added that this transformation required PNB to rethink, reorganise and re-strategise. “We had to rebuild many of our processes and realign our distribution model, moving from a business focused mainly on annual monetary returns to one that offers broader, more meaningful services to our unitholders. “Our goal has been to strengthen customer relationships, ensuring that we deliver not only financial outcomes but also real value and trust.“To do this effectively, we needed to change how our organisation operates – from how we deliver services, to how we engage with our customers, partners and stakeholders. It has been a challenging but necessary journey, one that demanded both operational transformation and cultural renewal,” Rick Ramli said.Sime Darby Property Bhd group managing director and CEO Datuk Seri Azmir Merican said the company shares a similar conviction that transformation is an ongoing pursuit of excellence. He said operating within an ever-changing market landscape, the company recognises the need to anticipate and adapt to cyclical shifts while staying anchored in its purpose – to serve communities and create lasting impact. “At Sime Darby Property, we have made significant strides, but transformation also means acknowledging where we can do better. Understanding both our successes and our challenges allows us to make more informed decisions for the future.“As a property developer, we operate within an ever-changing landscape, one that moves in cycles and responds to broader economic and social shifts. We cannot simply stand aside when these market cycles unfold; instead, we must anticipate, adapt, and position ourselves to capture emerging opportunities.“Ultimately, our purpose remains clear: to serve the communities we build for. Transformation, for us, is not just about growth in numbers or projects delivered – it’s about creating long-term value, improving lives, and ensuring that our developments contribute meaningfully to the people and places we serve,” he said.Maybank Group president and group CEO Datuk Seri Khairussaleh Ramli said the banking group will hold an annual awards convention every year to recognise and promote the spirit of transformation within the organisation.He said this initiative is aimed at identifying effective ways to drive transformation and foster a supportive environment for it to thrive.“At this organisation, we are committed to creating a new focus and pursuing policies that reinforce our transformation agenda. “I believe this effort is increasingly important. Personally, I’m very…

MediaPETALING JAYA: Last year, Tropicana Corporation Bhd inked a memorandum of understanding (MoU) with GreenRE Sdn Bhd, pledging its long-term commitment to green building and driving sustainable living in Malaysia. This year, Tropicana celebrated two more green building milestones by receiving GreenRE certification for Tropicana Miyu residences at Petaling Jaya and Tropicana Cenang’s Clarissa Serviced Suites at Langkawi. This initiative is also aligned with Tropicana’s vision to connect communities and forge sustainable futures by encouraging property buyers to adopt greener living, reduce carbon footprints, and embrace a cleaner, greener future. This green partnership focuses on adopting best practices, as outlined by GreenRE, a leading green building certification body formed by Malaysia’s Real Estate and Housing Developers’ Association (Rehda) that promotes sustainability in Malaysia’s property industry. Tropicana managing director of project Allan Wong shared: “For more than 46 years, Tropicana has been redefining the art of living, pushing the boundaries between work-live-play-shop-learn concept. “We are the master planners for more than 18 townships across Malaysia, and we recognise the importance of sustainable living.”He added the recent two more GreenRE certifications for Tropicana Miyu and Tropicana Cenang, showcases their continued pledge to their long-term commitment to green building practices. “We are honoured to receive these awards, and we extend our appreciation to GreenRE for their recognition and to Temokin Group for their good support. We will continuously invest in green initiatives and embrace best practices.”Temokin Group executive director Jeremiah Tan said: “Our partnership with Tropicana is into its 6th year, and it has been a highly successful few years where we achieved many milestones together. “We are pleased to collaborate with Tropicana, developing the modern Tropicana Miyu residences at Petaling Jaya.“Having achieved 100% sold-out status and a high QLASSIC score of 85%, it is certainly a testament to the quality of the product that was born from this joint effort.”He added they celebrated another milestone by receiving GreenRE certification for this development and this marked their commitment to building a greener future for the community.Over the years, Tropicana has built more than 20 developments that have received the hallmark of green building certifications, demonstrating its ongoing efforts for sustainable living. Speaking at the certificate award ceremony recently, GreenRE executive director Ashwin Thurairajah shared: “We are pleased to present these two green certifications to Tropicana and glad to see that Tropicana has been an advocate of green building for many years. “We are also pleased that the group has remained committed to this long-term partnership, reflecting our united vision for a greener future.“We hope to encourage other corporate citizens to join our mission in making Malaysia a greener nation.” via Business https://ift.tt/lfIzHFL

MediaKUALA LUMPUR: According to the Malaysia Consumer Trend Report 2025, a nationwide survey of 500 Malaysians has found that 91% of consumers are open to the idea of purchasing sustainable products. However, this intention is heavily tempered by price sensitivity, with the majority only willing to pay less than 10% more, revealing a significant gap between eco-conscious desires and purchasing reality.This brings us to the pivotal question: while people may care about the planet, are they willing to pay more to protect it? The data reveals a clear answer: only if the price is right.Widespread adoption is blocked by three major barriers - cost (most will only pay <10% more), credibility (32.4% are not sure if eco-friendly claims are real), and convenience (18.2% find sustainable products hard to find). In short, consumers want to buy green, but to do so confidently, they need clarity, price confidence, and better accessibility to actually follow through.Intention-action gapThis intention-action gap is further highlighted in daily habits. While many Malaysians are familiar with the core pillars of sustainability, Reduce, Reuse, Recycle, full adoption is still a work in progress. “Malaysians are trying, but their sustainability behaviour is still fragmented,” said Central Force International CEO See Toh Wai Yu. “While the intention exists, execution is often uneven due to habit, lack of infrastructure, or simple inconvenience. “This is where businesses can step in to make sustainable choices.”According to the report, only 48.8% of Malaysians consistently practice the 3Rs, meaning that vast amounts of valuable resources still end up in landfills. In Selangor alone, 10,000 tonnes of waste are generated daily, making it the nation’s largest contributor and a significant source of emissions. The urgency is clear, businesses must step up with practical, low-friction solutions such as refill programmes, recycling partnerships, and in-store prompts to help turn consumer awareness into consistent green action.Furthermore, action-reward steps are a powerful way to encourage change. Motivation is key: the study found that 26.2% of Malaysians would practice 3R habits more often with rewards.“Consumers are open to adopting greener habits, but they want it to feel worthwhile, not burdensome. Therefore, simple reward systems can build lasting habits,” said See Toh.The survey indicates that while a willingness to adopt sustainable habits exists, consumers remain practical in their approach. To align with this value-driven mindset, businesses must tailor their products to offer clear and compelling value. This behaviour suggests that purchasing decisions are influenced more by conscious prioritisation than by a lack of interest or weak habits regarding sustainability.Resilient festive spendingPer the survey, consumers’ selective spending behaviour, and purchase priorities are shown to extend to other areas as well. Examining spending patterns during culturally meaningful occasions like festivals, for example, highlights a continued willingness to spend as they prioritise on sectors that prioritise celebrations, gifting, and presentation. Supporting this trend, the report also uncovered that festive spending remains a non-negotiable priority for Malaysians, defying broader cost-of-living pressures. This cultural spending is a powerful economic driver, evidenced by a 5.7% year-on-year jump in wholesale and retail trade to RM154 billion during the festive period.Winning the Sustainable ShopperTo succeed in this space, a strategy must reflect both the emotional support for eco-consciousness and the financial realities of daily life. The report advises businesses to make their products: Affordable, Transparent, Accessible and Motivating Sustainability is not just a trend; it’s an evolving consumer expectation. via Business https://ift.tt/TfEDzSZ

MediaPETALING JAYA: Malaysia’s palm oil exports rose by 102,000 tonnes (up 7.7% month-on-month) to 1.42 million tonnes in September, with most regions recording gains except the European Union and the Asia Pacific, Malaysian Palm Oil Council (MPOC) said today.The largest improvement came from South Asia, where exports to India reached 312,000 tonnes, the highest in 11 months. Shipments to Sub-Saharan Africa, the Middle East and North Africa, the Americas and Central Asia also registered increases during the month.“Palm oil stocks in September climbed to 2.36 million tonnes, the highest in 22 months, even though export growth outpaced production. The increase was largely driven by domestic consumption normalising to its usual range of 300,000 to 350,000 tonnes per month, after reaching a record monthly high of 499,000 tonnes in August. Imports also rose by 20,000 tonnes (+33.9% month-on-month), further contributing to the stock buildup,” said MPOC.It added that palm oil once again traded at a premium to soybean oil in the global market. As of mid-October, palm oil was priced US$42 per tonne higher than soybean oil in Europe and US$26 higher in India. The price discount of palm oil to soybean oil was short-lived between April and September. Speculation over Indonesia’s potential implementation of the B50 biodiesel mandate remains a key factor supporting palm oil prices.The B50 programme is estimated to require 17 million tonnes of palm oil for blending – an increase of 3 million tonnes from the current B40 mandate, equivalent to roughly 35% of Indonesia’s palm oil production. The country also consumes around 10 million tonnes for food purposes, leaving only about 22 million tonnes or less available for export if the B50 is implemented.“This would result in a notable decline in exportable supply, as Indonesia has historically exported between 24 and 28 million tonnes of palm oil annually over the past five years. Global vegetable oil demand in the coming season will rely heavily on sunflower oil, as exportable supplies of soybean oil from the US and Brazil are expected to decline sharply from 2.7 million tonnes in 2024/25 to 1.6 million tonnes in 2025/26, a 41% drop due to stronger domestic biofuel demand,” said MPOC.In Argentina, the temporary export tax exemption on soybean products announced in late September spurred heavy forward soybean sales, particularly to China. These front-loaded exports are expected to curb crushing activity and limit soybean oil export availability in the coming months.Although the Black Sea region began its sunflower seed harvest in September, sunflower oil prices have remained firm, continuing to lead the vegetable oil complex. In mid-October, sunflower oil in the European market traded at US$1,360 per tonne, about US$75 higher than palm oil and US$100 above soybean oil, reflecting tight and uncertain supply conditions.MPOC said the ongoing US-China trade conflict has started to cause a buildup in US soybean stocks, as the country began harvesting its crop in September and October. It added that China has suspended soybean imports from the US since May 2025, sourcing almost entirely from South America.“Although stronger domestic crushing activity and higher soybean oil consumption in the US are expected under the 45Z biofuel policy in 2026, which prioritises domestically produced feedstock, these factors are insufficient to offset the sharp decline in exports to China,” it said.The MPOC said vegetable oil prices are expected to remain firm through the remainder of 2025, supported by strength in palm and soybean oil. “Diminishing exportable soybean oil supplies from Argentina are likely to lift prices in the coming months, while ongoing speculation over Indonesia’s B50 mandate will continue to lend support to palm oil.”It added that palm oil prices are projected to hold steady above RM4,400 per tonne but market sentiment remains cautious amid weak crude oil prices, high vegetable oil inventories in major consuming markets such as China and India…

MediaPETALING JAYA: Vantris Energy Bhd’s joint venture Rawabi Sapura Ltd (Rawabi JV), has been awarded a seven-year contract commencing in 2027 to provide essential diving support services for Aramco, one of the world’s leading integrated energy and chemicals companies.Rawabi JV is a joint venture under Vantris Energy’s Operations & Maintenance (O&M) division.This landmark agreement, Rawabi JV’s first with Aramco, will include the provision of comprehensive diving support services such as diving support vessels with crew, remotely operated underwater vehicle and associated personnel, diving equipment, divers, diving management, and supervisory, diving, and onshore support personnel to perform diving services in Saudi Arabia. Effective from May 1, 2027 until April 30, 2034, the scope of work also covers underwater inspections, surveys, photography, material testing, structural repairs, and related activities.Rawabi JV’s diving support services are essential for maintaining and inspecting subsea infrastructure, directly protecting the integrity and longevity of Aramco’s valuable assets in Saudi Arabia. This collaboration combines the strengths and expertise of both partners to deliver world-class offshore solutions.Vantris Energy group CEO Muhammad Zamri Jusoh said, “Securing this seven-year contract with a global leader like Aramco is a strategic milestone for Vantris Energy. It validates our growth strategy, which includes expanding O&M’s portfolio beyond Malaysian shores. This is also part of our effort to rebalance our order book towards long-term, day-rate based contracts – helping us build a stronger, more resilient Vantris Energy for the future.”This contract is expected to contribute positively to Vantris Energy’s earnings and net assets over its seven-year period, supporting the company’s financial stability and growth in the region. Rawabi Sapura is a strategic joint venture between Sapura Saudi Arabia Company (Sapura Saudi) and Rawabi Vallianz Offshore Services Co Ltd. Sapura Saudi is a wholly owned subsidiary of Sapura Offshore Sdn Bhd, which itself is an indirect wholly owned subsidiary of Vantris Energy. via Business https://ift.tt/prZsa1F

MediaSHAH ALAM: Farmiera Bhd, a poultry producer and distributor, aims to raise RM29.25 million through its initial public offering (IPO) to fund its expansion plans.Of the total proceeds from the IPO, 42.9% and 32.8% will be allocated for the construction of parent stock farms and a hatchery, respectively.Farmiera managing director and CEO Hong How Seng said the company’s expansion plans include the construction of three parent stock farms comprising 12 breeder houses, with four in Pahang and eight in Negeri Sembilan, to produce fertile eggs for its hatchery operations.The group will also build a 36,000 sq ft hatchery in Mahsan, Negeri Sembilan, equipped with 12 incubators and designed to handle an annual capacity of 22.6 million eggs.“The upstream move into broiler breeding and hatchery segments will enable Farmiera to secure its own day-old chick supply, exercise greater cost control and ensure consistent product quality throughout its vertically integrated supply chain. We are confident that these strategic initiatives will position Farmiera for sustainable growth and deliver enduring value to our stakeholders,” he said at the prospectus launch today.To support the company’s growth and upstream vertical expansion, 9.6% of the proceeds will be earmarked for working capital, while the remaining balance will be used to cover listing-related expenses.Hong said that since its establishment in 2013, the group has built a strong track record of delivering a consistent and reliable supply of broiler chickens to support its live broiler trading and poultry processing businesses.“We are now embarking on a decisive step towards upstream vertical integration, driven by our confidence that chicken meat will remain the most important and affordable source of protein amid rising demand,” he added.The IPO entails a public issue of 117 million new ordinary shares at 25 sen per share, representing 26% of its enlarged issued share capital of 450 million shares.For FY2024, Farmiera recorded revenue of RM561.1 million and net profit of RM7 million, up from RM535.8 million and RM6.4 million respectively in FY2023.Farmiera manages 15 self-operated farms and 44 contract farms across Peninsular Malaysia, supported by two processing facilities in Lukut and Ipoh with a combined daily capacity of 45,000 broilers.The group’s operations are halal-certified by the Department of Islamic Development Malaysia (Jakim) and MeSTI-certified by the Health Ministry, and the counter is syariah-compliant.Malacca Securities Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.Malacca Securities managing director Lim Chia Wei said Farmiera has established a solid presence in the poultry industry, backed by strong farming standards and a clear focus on operational excellence.“Its move into broiler breeding and hatchery business segments reflects a forward-looking strategy for sustainable expansion, and we are confident in the management team’s ability to capture opportunities and drive future success,” he said.Farmiera is scheduled to be listed on the ACE Market of Bursa Malaysia Securities on Nov 12. via Business https://ift.tt/ai2VhgQ

MediaKUALA LUMPUR: Permodalan Nasional Bhd (PNB) has moved from being a predominantly domestic investor to one that is increasingly global and evolved from a single-asset, equity-focused house to a multi-asset investor.President and group CEO Datuk Abdul Rahman Ahmad said as a result, PNB has been able to deliver sustainable returns to their unitholders – distributing RM14.5 billion last year, the highest in five years, bringing the cumulative total distribution to all Malaysians to RM263.7 billion since its inception.“At the same time, we are transforming how we serve our customers, from enhancing our digital platforms, expanding our products, changing our distribution model, all aimed at making investing more accessible, convenient and personalised. We hope that taken together, these transformation efforts will build the foundation for a stronger, more future-ready PNB,” he told delegates at the PNB Knowledge Forum 2025 today.Abdul Rahman said PNB believes responsible transformation must be purposeful, disciplined and deliver positive meaningful impact. “For us, this means every transformation we undertake must be directed towards delivering better outcomes for our unitholders, in line with our purpose of enhancing the financial lives of Malaysians, across generation.”Abdul Rahman noted that since the change in presidency in the United States, geopolitics, world economy and global trade are all being redefined and transformed. Decades of established politics, economic orthodoxy and trade policy are being recalibrated, creating what many now predict to potentially be a multipolar world, he said.“At the same time, technology and AI are transforming how we live and work. More specifically relating to investment, technology and AI are fundamentally reshaping global markets with Magnificent 7 stocks today commanding a combined market capitalisation of more than US$20 trillion (RM84.5 trillion), driving capital market performance with size, influence and impact beyond most nations.“In the context of Corporate Malaysia, where KLCI total shareholder returns over the last 10 years was anaemic, delivering return below fixed deposit rate, Malaysian companies must transform to deliver better shareholder value to avoid another lost decade,” Abdul Rahman said.As individuals, he added, Malaysians recognise the need to develop new skills, adapt to new ways of working and rethinking how to save and invest for the future.“So the relevance of transformation at every level is clear. Yet we are mindful that transformation, while powerful, is not automatically positive. Change can bring progress and improvements but also adverse effects and negative disruption, and its outcome depends on how it is led and navigated.“At PNB, we believe responsible transformation must be purposeful, disciplined, and deliver positive meaningful impact. For us, this means every transformation we undertake must be directed towards delivering better outcomes for our unitholders, in line with our purpose of enhancing the financial lives of Malaysians, across generation,” Abdul Rahman said.Since 2017, PNB Research Institute has organised the PNB Knowledge Forum as a platform that brings together thought leaders, industry experts and stakeholders to discuss issues shaping the nation and the economy. PNB Group chairman Raja Tan Sri Arshad Raja Tun Uda emphasised that holistic transformation goes beyond economic reforms alone, encompassing leadership governance, institutional integrity, societal equity and cultural heritage. He said the Madani Economic Framework serves as the blueprint to strengthen fiscal responsibility and empower the rakyat while positioning Malaysia competitively on the global stage.“In today’s fast-changing world, transformation is no longer just about adaptation, it is about rethinking how we work, lead, and create value at every level. “For PNB, this means staying true to our mandate to enhance the economic wealth of all Malaysians through inclusive financial empowerment, offering diverse investment…

MediaKUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has emphasised the importance of strong governance, fiscal discipline and education as Malaysia continues to restructure its economy amid efforts to strengthen growth and reduce inequality.Reflecting on the government’s performance in its first year, Anwar who is also the finance minister said the administration had to confront deep-rooted fiscal challenges, including high national debt and systemic inefficiencies, while embarking on comprehensive policy reforms.“We were struggling in the first year because we inherited huge debts.“People have to understand that we need to embark on new policies and restructure the economy,” he said in his keynote address at the Permodalan Nasional Bhd (PNB) Knowledge Forum 2025 here today.Anwar said that while Malaysia pushes forward with digital transformation and artificial intelligence (AI) adoption, the government remains committed to ensuring inclusivity and addressing structural disparities in education and connectivity.“You talk about AI and digital, but we still need to educate the masses. Celik Madani is one of our initiatives to raise awareness on financial literacy, investment and savings. There is still a disconnect between those with full access to connectivity and those in rural or urban poor areas. We cannot tolerate this imbalance,” said the prime minister. Anwar reiterated that real progress must be anchored in sound governance, truth, justice and compassion, noting that economic growth cannot come at the expense of social equity and integrity.He noted recent fiscal enforcement successes, highlighting that the government had recovered RM15.5 billion through stricter action against corruption, smuggling and financial leakages.“Due to effective enforcement by the Malaysian Anti-Corruption Commission, the police and tax agencies, we were able to recover billions that were previously lost to leakages and racketeering.“The real question is, how did we tolerate this for decades,” he said.Anwar reaffirmed that the government’s next phase of economic reform would continue to prioritise governance, accountability and equitable development to ensure Malaysia’s transformation remains sustainable and inclusive.He reiterated that he will not interfere in commercial decisions to uphold market integrity, underscoring his administration’s commitment to maintaining transparency and professionalism in Malaysia’s corporate and economic landscape.Business decisions should be driven by merit, efficiency and market realities rather than political influence, Anwar said.“I do not interfere in commercial decisions, and none of my Cabinet colleagues should.“Yes, we support new technology, green initiatives and welfare programmes, but we do not interfere in protecting personal or vested interests. The commercial decision is entirely yours.”Meanwhile, Anwar said the government has introduced several key policy measures to strengthen domestic investments, including initiatives such as the Gear-Up programme, while realigning major institutions like PNB and Khazanah Nasional Bhd with their core objectives to drive sustainable national growth.He stressed the importance of staying true to their core aspirations and improving governance standards.The prime minister added that while monitoring progress remains part of his responsibility, their hard work and strong commitment in implementing the reforms effectively have been commendable. via Business https://ift.tt/bgrv2dS

MediaKUALA LUMPUR: Short-term interest rates are projected to hold steady today due to Bank Negara Malaysia’s liquidity management operations.The central bank is absorbing excess funds from the financial system to maintain stability.Liquidity levels stand at an estimated RM32.93 billion in the conventional market.Islamic funds liquidity is estimated at RM21.15 billion.BNM will issue three conventional reverse repo tenders today.The tenders include RM3.4 billion for seven days, RM1.5 billion for 31 days, and RM1.0 billion for 92 days.Two Islamic reverse repo tenders will also be issued.The Islamic tenders comprise RM500 million for seven days and RM200 million for 92 days.BNM also confirmed the availability of reverse repo, sell and buy-back agreement, and collateralised commodity murabahah facilities.These facilities offer tenures of one week, one month, and three months.A conventional overnight tender of up to RM38.8 billion will be conducted at 4 pm.A murabahah overnight tender of up to RM21.9 billion will also take place at the same time.These operations collectively support the stability of short-term interbank rates. – Bernama via Business https://ift.tt/HmJjFCo

MediaKUALA LUMPUR: The ringgit opened higher against the US dollar today amid ongoing United States government shutdown concerns and trade tensions with China. At 8 am, the local currency rose to 4.2165/2300 against the greenback from Friday’s closing rate of 4.2240/2275. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted the US dollar index remains resilient, hovering around 98.532 points. He stated that the probability of a quarter-point interest rate cut by the US Federal Reserve remains very high at 98.9% despite limited official economic data. From a technical perspective, Mohd Afzanizam indicated the ringgit was already in an oversold position, suggesting potential for further appreciation. He expects the US dollar-ringgit exchange rate to trade within a narrow range of 4.21 to 4.22 throughout today’s session. Meanwhile, market participants are adopting a cautious approach as they monitor the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping next week. Mohd Afzanizam expressed concern that market sentiment might be wary of the meeting’s outcome, particularly given China’s decision to stop purchasing American soybeans, which is negatively impacting US farmers. He remarked that markets are hoping for a positive resolution but acknowledged President Trump’s unpredictability could maintain cautious trading conditions. Malaysian financial markets were closed on Monday for the Deepavali holiday before resuming normal operations today. The ringgit also strengthened against other major currencies at the opening. It appreciated against the British pound to 5.6522/6703 from Friday’s close of 5.6741/6788 and rose against the euro to 4.9110/9267 from 4.9421/9462. The local currency also gained against the Japanese yen, trading at 2.7966/8058 compared to 2.8218/8244 previously. Against ASEAN currencies, the ringgit showed mixed but generally positive performance. It strengthened against the Singapore dollar to 3.2595/2702 from 3.2635/2665 and edged higher against the Indonesian rupiah to 254.3/255.3 from 254.6/254.9. The ringgit was marginally higher against the Philippine peso at 7.25/7.27 compared to 7.26/7.27 but weakened against the Thai baht to 12.9543/13.0030 from 12.9301/9471. – Bernama via Business https://ift.tt/HD9SqKv

MediaPETALING JAYA: Once seen as a teenage rite of passage, orthodontic treatment is fast becoming a lifestyle and career investment for adults across Southeast Asia. With clear aligners leading the charge, the region’s orthodontics market is moving from luxury to mainstream healthcare, a shift that insiders say is being driven by aesthetics, affordability and digital disruption.The global orthodontic supplies market is projected to reach nearly US$ 11 billion by 2030, growing at an annual rate of 8.9%, according to Grand View Research. In Malaysia, adult demand for orthodontic solutions is one of the fastest-growing segments, and dental practitioners say the trend is only just beginning.Speaking to SunBiz, Dr Harveen, orthodontics practitioner at Dr Clear Aligners, said the industry is undergoing a transformation.“Orthodontics in Southeast Asia is no longer just a luxury service, it has become a mainstream health and lifestyle investment,” she said, adding that aesthetic demand, digital innovation, youth demographics and dental tourism are the main drivers reshaping the market.Traditionally linked with teenagers, orthodontics now attracts a significant adult clientele, particularly working professionals between 25 and 40 years old. “Adults want to improve their smile not just for confidence, but also for their professional image,” Dr Harveen said. She estimated that adults make up 25% to 35% of orthodontic patients in Malaysia, with clear aligners dominating this segment. Many of these patients are motivated not just by looks, but also by function, correcting bite problems, jaw pain or relapses from earlier treatment.“Digital platforms don’t just advertise – they normalise and educate,” said Dr Buvanyasankari M, principal-in-charge at Dr Clear Aligners.“In today’s culture, people want to see transformations visually. That builds both comprehension and engagement, making platforms like TikTok and Instagram incredibly influential in consumer decision-making.”She noted that patients now walk into clinics already asking for aligners they’ve seen online. “Audiences prefer seeing ideas brought to life visually, and that shapes both awareness and expectations,” she added.One of the biggest barriers has always been affordability. Clear aligners, often positioned as premium products in Western markets, are being adapted for Southeast Asia’s price-sensitive consumers.“At Dr Clear Aligners, we provide straightforward basic packages, with additional charges only for extra services,” Dr Buvanyasankari said. “Our goal is to make treatment accessible because we believe everyone deserves the opportunity to achieve a confident, healthy smile.”As more international and local providers enter the clear aligner space, Malaysia and its regional peers are emerging as highly competitive markets.“Local brands, hybrid teledentistry, and dental tourism are what set this region apart,” But with competition comes new challenges. “Price competition will intensify, so clinics need to stand out through quality, speed, and the overall patient journey,” Dr Buvanyasankari said.Both practitioners agree that technology will shape the future of orthodontics in Southeast Asia. Artificial intelligence is being used to predict treatment outcomes, while in-house 3D printing and digital monitoring are reducing costs and enabling remote follow-ups.Still, both dentists believe the outlook is positive. “As more adults care about aesthetics and social media exposure, demand will likely stay strong,” Dr Buvanyasankari said.Shei pointed out that insurance remains a challenge. “Most health and dental policies in Malaysia do not cover orthodontic treatments. Even as technology advances, affordability may remain a barrier for many,” she said. via Business https://ift.tt/S9oyYN2

MediaTHIS is again another season where festive gifts will be given to those celebrating Deepavali. Similarly, since Malaysia is a multicultural society, it is customary for suppliers and customers to give gifts to people celebrating the various events during the respective festive seasons.Normally businesses will be giving gifts to customers, and in some cases suppliers, and to their staff. There will also be instances where business owners may take out goods for their own use as gifts to themselves. There will be tax implications for both the gift giver and the gift recipient.Gifts to customers and suppliers provided to them during the festive season to maintain the goodwill and relationship with them will be treated as entertainment expenditure which is eligible for a 50% deduction. However, if they are promotional gifts containing the conspicuous logo or advertisement of the company, and the gift is provided in Malaysia, the deduction eligible could be increased to 100%. Gifts to employees such as hampers given out during festive season are also eligible for a 100% deduction on the basis that they can fall within the employee entertainment provisions, or will be deductible because it is an expense incurred to maintain the goodwill of the staff. On the reverse, from a staff perspective, such gifts which are given for personal appreciation or for specific personal reasons are not taxable as they are related to having or exercising the employment. Examples would be wedding gifts and festive gifts, which should be reasonable and not excessive. It should not be abused where expensive items are given and the employer attempts to claim the deduction. The reason being if gifts are given purely for personal appreciation,they should not be excessive or abnormal. Family-controlled companies providing gifts to shareholders and directors should be mindful of avoiding any such abuse. Ang pow given to all staff of a reasonable amount as a gesture personal appreciation will also not attract tax in the hands of the recipient.Where cash gifts are received during this festive season from the employer or from third parties connected to the company, being suppliers or service providers, such gifts will be brought to tax at the hands of the employees as there is a likely connection between the gifts and the employment with the company. If the gifts are taxable in the hands of the employee, then the employer has the responsibility to declare this amount in its annual employer return and account for the monthly tax deductions. For businesses which are receiving gifts from their suppliers, they will not be taxable since they are not connected to business dealings. The gift is purely a means to maintain good relationship just like a gift between friends without any expectation of any reciprocal benefit. However, the person giving the gift will still be entitled to the 50% deduction.As a business owner, if you take out the stocks of tshe company for your personal or family use, then it will be treated as a withdrawal of stock, and your business will have to bring the market value of the stocks withdrawn to tax.You should not forget the e-invoicing implications: If the gift is brought to tax as employment income of the staff, no e-invoice needs to be issued. Otherwise, a self-billed e-invoice needs to be issued. For businesses buying gifts for their customers, you should normally receive an e-invoice from the vendor unless the supplier is exempted from issuing e-invoice. The recipient of the gift does not need to issue any form of e-invoice for the gift received. This article is contributed by Thannees Tax Consulting Services Sdn Bhd managing director SM Thanneermalai (www.thannees.com). via Business https://ift.tt/X8hYCtH