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Energy & Technology

TM Partners In Consortium To Build New Cable System

KUALA LUMPUR, Telekom Malaysia Bhd (TM) has joined an international consortium to develop a new submarine cable system, aimed at strengthening regional connectivity and meeting rising demand for high-speed internet. In a statement, the national telecommunications provider said the project would enhance data capacity, improve network resilience, and support the rapid growth of digital services across Asia-Pacific. The cable system, which will span multiple landing points in the region, is designed to provide low-latency and high-reliability connections to support cloud services, content delivery, and digital applications. “By participating in this consortium, TM is reinforcing its role as a key regional connectivity hub while ensuring Malaysia remains well-positioned in the global digital economy,” the company said. Industry analysts view the investment as a strategic move to future-proof TM’s infrastructure and strengthen its competitiveness in catering to enterprises, service providers, and digital platforms. The project is expected to be completed in phases, with commercial operations targeted to commence by 2027.

Energy & Technology

Solarvest Forms Strategic Partnership To Tap Into CRESS Market

KUALA LUMPUR, Clean energy solutions provider Solarvest Holdings Bhd has entered into a strategic collaboration to accelerate growth in the commercial and industrial renewable energy self-supply (CRESS) market. The partnership aims to tap into the rising demand for sustainable energy solutions among businesses seeking to lower carbon emissions and reduce dependence on conventional power sources. In a statement, Solarvest said the tie-up will combine its technical expertise in solar engineering and project delivery with its partner’s resources and network to unlock opportunities in Malaysia’s growing CRESS segment. “The collaboration reinforces our commitment to drive renewable energy adoption among corporates and industries, supporting the nation’s energy transition agenda,” Solarvest said. Industry analysts note that the CRESS programme, introduced under Malaysia’s renewable energy framework, has gained traction as more companies look to self-generate electricity for operational efficiency and long-term cost savings. The partnership is expected to contribute positively to Solarvest’s earnings outlook while enhancing its position as a key player in the renewable energy ecosystem.

News

Kelington Lands SGD33 Million Gas Piping Contract At Singapore Facility

KUALA LUMPUR, Integrated engineering solutions provider Kelington Group Berhad (“Kelington” or “Group”) (stock code: 0151), via its wholly-owned subsidiary Kelington Engineering (S) Pte. Ltd. (KESG), has received a Letter of Award (LOA) worth SGD33.0 million (approximately RM108.0 million at SGD1:RM3.28) to execute a bulk gas distribution piping system for an Advanced Packaging Facility Project in Singapore. The contract was awarded by a turnkey engineering specialist on behalf of the project owner, a leading global semiconductor manufacturer. Work on the project will begin immediately and is expected to be completed by December 2026. Kelington has previously completed multiple facility expansion projects for this repeat customer in Singapore. This new facility focuses on high-bandwidth memory advanced packaging, a key technology for artificial intelligence (AI) applications that require advanced memory and storage solutions. It is also the first in Singapore recognised by the Global Lighthouse Network for leveraging big data and Industrial Internet of Things (IIoT) to implement AI in manufacturing. Ir. Raymond Gan, CEO of Kelington Group, said, “The Group continues to benefit from the strong growth of the semiconductor industry, as manufacturers expand and upgrade facilities to keep pace with technological advancements and strengthen local supply chains. Our global expansion strategy positions us well to capture these opportunities and secure new contracts consistently.” As of 30 June 2025, Kelington’s orderbook stood at RM1.3 billion, providing solid earnings visibility. Between July and August 2025, the Group secured RM299.9 million in new contracts. With the inclusion of this SGD33.0 million (RM108.0 million) project, total new wins in September amounted to RM407.9 million, with RM318.1 million coming from projects in Singapore and Europe. “The semiconductor sector remains highly active, and we expect further contract wins as global manufacturers invest in next-generation technologies. This award reinforces Kelington’s reputation in delivering complex engineering projects and positions us to benefit from growing AI-driven demand,” he added. Globally, the semiconductor industry continues to show strong growth. According to World Semiconductor Trade Statistics, the market generated US$346 billion in H1 2025, an 18.9% year-on-year increase, driven by expanding data centre infrastructure and rising AI adoption. In addition, Kelington has established a new subsidiary in Japan to support a client’s expansion plans, with further projects currently under discussion.

Investment & Market Trends

SGX Launches Two New Indexes To Boost Investor Interest

KUALA LUMPUR, The Singapore Exchange (SGX) has rolled out two new indexes as part of its efforts to enhance market offerings and stimulate stronger investor participation. The exchange said the new benchmarks are aimed at meeting rising demand from both institutional and retail investors seeking diversified exposure to Asia’s fast-evolving markets. The indexes will serve as performance trackers for specific market segments and are expected to support the development of new financial products, including exchange-traded funds (ETFs) and other structured instruments. In a statement, SGX said the move underscores its commitment to innovation and to providing investors with relevant tools for portfolio diversification. “By introducing these new indexes, SGX is not only broadening its suite of investment benchmarks, but also creating opportunities for more trading activity and product development in the region,” the bourse noted. Market analysts believe the launch could attract stronger participation from fund managers and product issuers, potentially deepening liquidity and reinforcing Singapore’s position as a regional financial hub. The two new indexes are now available for benchmarking and investment product creation.

Investment & Market Trends

QL Resources Expected To Face Operational Hurdles In FY26

PETALING JAYA, QL Resources Bhd is expected to face a challenging outlook for its financial year ending March 31, 2026 (FY26), as headwinds in its integrated livestock farming and convenience store segments weigh on earnings growth, according to analysts. Maybank Investment Bank Research (Maybank IB) said the group’s second-quarter performance will likely show weaker profit before tax margins from its livestock segment, following the full removal of egg subsidies on Aug 1. The subsidies, previously set at 10 sen per egg, were halved on May 1 and removed entirely in August. “So far, the group has only been able to raise average egg prices by five sen each. However, tight industry supply has prevented a decline in volumes,” Maybank IB said. The research house noted that a stronger ringgit against the US dollar and stable feed prices for corn and soybean may help cushion costs in the livestock business. Meanwhile, QL’s marine products manufacturing segment is expected to remain the key earnings driver in FY26. Despite challenges from weak fish landings and soft fishmeal demand, demand and pricing for surimi and frozen surimi-based products should stay steady. Its Indonesian surimi plant, currently running at around 20% utilisation, is also expected to ramp up sales through expanded marketing efforts. On the other hand, the convenience store business faces continued pressure, with low sales per outlet compounded by higher costs from the minimum wage hike, the sales and service tax on leases, and rising utility bills. In the palm oil and clean-energy division, growth is set to come mainly from renewable energy via its stake in BM Greentech Bhd, driven by new solar and other clean-energy projects. QL also intends to exit the plantation sector by disposing of its last palm oil mill and estate in Sabah. Looking ahead, Maybank IB said potential upside could come from faster-than-expected capacity growth in surimi or egg production, stronger domestic consumer spending, or higher export demand for marine products.

News

IJM Senior Executive To Join S P Setia As Deputy CEO

KUALA LUMPUR, P Setia Bhd has appointed IJM Corp Bhd’s chief strategy officer, Tan Hwa Min, as its new deputy chief executive officer (CEO), effective Nov 17, 2025. Tan, 49, previously served as chief operating officer of TRX City Sdn Bhd, where he was instrumental in developing the Tun Razak Exchange over nearly 24 years. S P Setia noted that Tan’s family owns international hotel and investment businesses in Malaysia, Singapore, Australia, New Zealand, and China, in which he holds direct and indirect shareholdings. To address potential conflicts of interest, Tan will abstain from any decisions related to the group’s hotel business. Alongside Tan’s appointment, S P Setia also announced that senior executive vice-president Datuk Yuslina Mohd Yunus will become chief operating officer (COO) from Oct 1, 2025, succeeding Datuk Zaini Yusoff, who will take over as president and CEO. Yuslina, who joined S P Setia in 2018 from I&P Group, currently oversees six major townships, stakeholder operations, asset management, and the S P Setia Foundation. Chairman Tan Sri Syed Anwar Jamalullail said the leadership changes reflect the group’s commitment to building a future-ready management team by combining external expertise with internal talent. Since its founding in 1974, S P Setia has established itself as one of Malaysia’s leading property developers, known for its innovative and high-quality projects in the Klang Valley and Johor Baru.

Energy & Technology

Solarvest Joins With Canada’s Brookfield To Build Green Energy Projects In Malaysia

KUALA LUMPUR, Solarvest Holdings Bhd has partnered with Canadian investment firm Brookfield to roll out 1.5 gigawatts (GW) of renewable energy projects in Malaysia over the next three to five years. The projects will include large-scale hybrid solar plants and battery energy storage systems, according to Solarvest executive director and CEO Davis Chong Chun Shiong. He noted that groundwork, such as securing land and exploring offtakers, is already in progress. Under a joint investment framework signed on Monday, Solarvest and Brookfield CTF Asia Holdings Pte Ltd will form special-purpose vehicles for each project, with Solarvest holding 51% and Brookfield 49%. Solarvest will focus on project development and deployment, while Brookfield will secure offtakers and assist in financing. The partnership aims to participate in the Corporate Renewable Energy Supply Scheme (CRESS), which allows businesses to purchase renewable energy directly from producers via the national grid. Funding will be arranged project by project through a mix of borrowings, internal funds, sukuk issuance, or cash calls, said chief financial officer Liew Kong Fatt. Solarvest group vice-president Jack Tan estimated the market cost at around RM3.5 million per megawatt of capacity. Chief investment officer Daniel Ruppert added that the tie-up with Brookfield not only provides access to capital but also to global corporate offtakers. Brookfield operates one of the world’s largest renewable and transition energy portfolios, with more than 270GW in operation and development. Trading in Solarvest shares was suspended pending the announcement. The stock last closed at RM2.72 on Sept 19, valuing the company at RM2.23 billion.

Media OutReach

Blue 7th Anniversary Appreciation Fest

Exclusive Birthday Offers & “7-Second Challenge” Roadshow HONG KONG SAR – Media OutReach Newswire – 22 September 2025 – Blue, Hong Kong’s first digital life insurer, is celebrating its 7th anniversary with a series of exclusive birthday offers and exciting activities to thank customers for their continued support. This year, Blue is bringing the “7-Second Challenge” Promotion Truck into the community, delivering health, protection, and joy to the public. Since its establishment in 2018, Blue has been committed to providing simple, flexible, and valuable insurance solutions tailored to the needs of every life stage. Over the past 7 years, Blue has continuously innovated and optimised its products, earning widespread recognition and trust. Birthday Offers on Core Protection Plans Offer 1: Blue WeCare Term Life Protection Plan TL3 Blue guarantees customers the lowest price in town¹ for the first policy term, ensuring the most competitive rate for term life protection. The plan is savings-free, so customers enjoy pure protection at the best price. No additional health proof is required—even those with high blood pressure or high cholesterol may be covered², making it easier than ever to protect your loved ones. 70% off first-year premium, 50% off second-year premium Enjoy HK$700 HealthCoin when you apply for a designated sum assured Offer 2: Blue WeCare Critical Illness Protection Plan 1 Critical illness protection provides essential financial support to help you cope with unexpected medical expenses and living costs. Blue focuses on the three major critical illnesses: cancer, heart attack, and stroke—delivering direct protection with affordable premiums. 70% off first-year premium, 50% off second-year premium Complimentary critical illness coverage for children up to HK$300,000 Enjoy HK$400,000 carcinoma in situ coverage, plus HK$200 HealthCoin when you apply for a designated sum assured “7-Second Challenge” Promotion Truck — Citywide Roadshow & Giveaways From 26 to 29 September 2025, the Blue “7-Second Challenge” Promotion Truck will tour various districts, inviting the public to join the fun. Each day, the first participant to hit exactly 7.7777 seconds (or the closest) will win the daily grand prize, including a 7-in-1 body composition monitor (valued at HK$508), instant heating water dispenser (valued at HK$1,288), air purifier (valued at HK$1,650), or detox massager (valued at HK$665). There will also be plenty of other prizes for everyone—bring your friends and family to celebrate Blue’s birthday together! Event Details Date Location 26 Sept (Fri) Outside COS Centre, Tsun Yip Street, Kwun Tong 27 Sept (Sat) Outside Mannings, Langham Place, Mongkok 28 Sept (Sun) Near Exit C, Causeway Bay MTR Station 29 Sept (Mon) Haiphong Road, Tsim Sha Tsui The above schedule is for reference only and may be subject to change due to weather or road conditions. Please follow Blue’s Facebook and Instagram pages for the latest updates. Blue Insurance Limited is authorized and regulated by the Insurance Authority under the Insurance Ordinance (Cap. 41) to sell insurance products in Hong Kong. For details, terms, and conditions of Blue’s promotion activities and products, please visit: https://go.blue.com.hk/7thFest_e . Products and offers are subject to terms and conditions. Notes: “Lowest Rate Guaranteed” compares the standard premiums of two quotations. To be eligible for the “Lowest Rate Guaranteed”, the two quotations must be on the same premium payment term, policy benefit term, issue age, sex, and smoking status, and is applicable to term life policies that are intended for online sale and in Hong Kong only. “Lowest Rate Guaranteed” is not applicable for submitted applications and in-force policies. Actual underwriting result depends on the age and health condition of the Insured. Hashtag: #Blue The issuer is solely responsible for the content of this announcement. Blue Insurance Limited Blue is the first digital life insurer in Hong Kong. It is a joint venture between Hillhouse Investment, a leading investment management firm with extensive investment experience, and Tencent Holdings Limited, a leading Internet value added services provider. Blue focuses on providing simple, flexible and valuable insurance solutions. It is committed to making people’s lives easier by empowering them to take charge of their own protection. For more information, please visit www.blue.com.hk.

Media OutReach

Award-winning Chill Lab youth mental health program impacted 146,000+ lives in two years with latest “We Can” student-led projects benefiting 17,000+ people

Chill Lab has positively impacted 146,161 people across Hong Kong 187 secondary schools were engaged via augmented reality (AR) and virtual reality (VR) sessions, creative workshops and capacity building for students, teachers and parents The latest student-led “We Can” program trained 40 youth leaders who delivered 17 projects benefiting 17,005 members of the public Z Zurich Foundation youth mental wellbeing white paper urges school‑based youth interventions, where Chill Lab’s innovative youth‑led model aptly aligns its themes HONG KONG SAR – Media OutReach Newswire – 22 September 2025 – Since 2023, Zurich Insurance (Hong Kong) (“Zurich Hong Kong”) has started collaborating with Z Zurich Foundation and The Mental Health Association of Hong Kong (“MHAHK”) to launch Chill Lab, a youth mental wellbeing prevention and promotion program that aims to drive systemic change in Hong Kong’s approach to youth mental wellbeing. Since then, Chill Lab has become the flagship youth mental wellbeing initiative of MHAHK. Tulsi Naidu, CEO Asia Pacific, Zurich Insurance (right three), Eric Hui, CEO, Zurich Insurance (Greater China) (left four), and Sofyen Khalfaoui, Head of Improving Mental Wellbeing, Z Zurich Foundation (right two), visited the Chill Lab’s youth hub with and Stephen Wong, Deputy Director, MHAHK (left three). Deep youth impact in just two years Over the past two years, Chill Lab has positively impacted 146,161 lives, by engaging 187 secondary schools —covering more than 30% of Hong Kong’s secondary schools. The program engaged youths via innovative activities such as AR/VR experiential sessions, creative art workshops, social media campaigns and large-scale community events. Capacity-building initiatives were organized to train 200 youth ambassadors, teachers, and parents, who further reached 4,620 people through school and community activities. The program’s innovation and impact have been recognized with the Platinum Award for Excellence in Health & Mental Health at the “Champions for Good Awards 2025” and the Excellence in Innovation Award from the Dr. Lo Wai Hoi Memorial Fund. Eric Hui, Chief Executive Officer of Zurich Insurance (Greater China), said, “Chill Lab demonstrates the power of prevention, creativity and youth leadership in strengthening mental resilience across Hong Kong. We are proud to support this program alongside the Z Zurich Foundation and to see the measurable difference it has made. Our support is driven by a belief that promotion and prevention activities, and youth leadership can help build a healthier future for the next generation that aligns perfectly well with our brand purpose of creating a brighter future together.” Over the past two years, Chill Lab has positively impacted 146,161 lives, by engaging 187 secondary schools. Youth-led transformation in schools and communities The “We Can – Youth Pioneer Program” emerged as Chill Lab’s signature youth-led success this year. The program trained 40 secondary students from five schools in project design, public engagement and advocacy. Equipped with practical skills and mentorship, these young leaders designed and delivered 17 projects across schools and communities, directly benefiting 17,005 members of the public. Activities ranged from interactive booths and peer support campaigns to creative workshops encouraging emotional expression and empathy. Post-program evaluation showed strong gains among participants: problem-solving (“always considering multiple solutions”) increased from 60% to 93%, and over 95% reported greater willingness to care for their own and others’ mental health. School leaders praised the program’s practical training and student ownership while students described increased empathy, improved listening skills and a deeper understanding that emotional wellbeing is a life skill for everyone. The program culminated in an award ceremony during the summer holidays that celebrated outstanding proposals, creativity and impact across participating schools. Mr. Stephen Wong, Deputy Director, MHAHK, added, “Students are the future pillars of our society, and their creativity drives meaningful change. We are proud to launch ‘We Can’ as a model that empowers young people to lead mental health initiatives in their schools and communities. We hope more schools will adopt this youth-led approach and help create mental health friendly campuses across Hong Kong. We are also grateful to have mentors and judge from Zurich Hong Kong who provided valuable advice to the students” The “We Can” program culminated in an award ceremony during the summer holidays that celebrated outstanding proposals, creativity and impact across participating schools. Whitepaper insights brought to action Recently, the Z Zurich Foundation has released a compelling white paper “Youth mental wellbeing in Asia-Pacific Region“, highlighting the critical need to support the mental health of young people across the Asia-Pacific (APAC) region. The report reveals that youth mental wellbeing is at risk, with 50% of mental health conditions beginning by age 14. The insights underscore the critical need to support the mental health of young people in APAC and underscore the urgency of upstream, community-based and school-centered interventions. The white paper points to the central role of schools as platforms for prevention and destigmatisation, and the effectiveness of youth-led and interactive programs in raising engagement and help seeking. Chill Lab’s focus on AR/VR experiential learning, peer support and youth leadership align directly with these findings and demonstrates how prevention oriented, school-based models can build resilience, life skills and connectedness. Gregory Renand, Head of the Z Zurich Foundation, stated, “Chill Lab exemplifies the preventive, youth centric approach our white paper recommends. The program’s use of schools as a platform, its interactive AR/VR learning and, importantly, its youth led ‘We Can’ model align directly with the white paper’s call to build resilience, life skills and peer support. These are essential levers to reduce stigma and improve access to timely care for young people.” Chill Lab is committed to driving systematic change towards youth mental health by fostering long-term partnerships across education, community, private and public sectors. Entering its third year, Chill Lab will refine its interventions based on evaluation insights and strengthen collaborations with schools, teachers and community partners. Planned developments include integrating AI into AR/VR games to enhance engagement and personalized learning, expanding interactive exhibitions, and embedding youth led initiatives more deeply within the education system. These efforts aim to sustain long-term improvements in youth mental health literacy, resilience and

Media OutReach

8-Year-Old Girl Feels Invisible Like a “Ghost” Rediscovers Joy of Childhood through Art

“Healing Heart & Mind” Helps Children Voice Their Inner Worlds HONG KONG SAR – Media OutReach Newswire – 22 September 2025 – A happy childhood begins with the space to explore, grow, and develop emotional and social skills. Artistic creation is one of the pathways to a child’s inner world, encouraging them to freely express their thoughts and feelings, while fostering the resilience and positive mindset needed for the future. Save the Children Hong Kong’s Healing Heart and Mind programme not only reaches into primary schools but also actively collaborates with community partners, including setting up in grassroots service points like the Sham Shui Po Community Living Room, to provide children with psychological support and opportunities to thrive through art. 8-year-old Cara* (right) expresses her feelings through artistic creation A “Little Adult” at Home Finds Her Childhood Again in the Community Living Room For the local residents of Sham Shui Po, the Community Living Room is a place to meet, connect, and build a social life. But for eight-year-old Cara*, it is practically a second home. Cara and her family live in a cramped home of around 150 square feet. With the living space so tight, her three younger siblings mostly stay indoors, while Cara goes to the Living Room every day after school to do her homework and play with friends, often staying right until it is about to close. She reveals that since her siblings were born, the attention she receives from her parents has drastically decreased. At times, she even has to take on the role of caregiver, a responsibility that has gradually changed the course of her childhood. Cara’s mother notices how little she talks to her daughter these days. “There’s definitely less time for a chat compared to when she was an only child,” she says. “Now that she has a younger brother and sister, the time I can give her has naturally lessened.” She understands in her heart that her daughter needs attention and companionship, but the immense pressure of childcare leaves her feeling powerless. Her five-year-old son has ADHD and requires constant care, so his mother even has to accompany him during his lessons. Her three-year-old daughter and two-year-old son are also very young and need looking after around the clock. Their mother runs off her feet, with scarcely a moment to rest. Even while constantly rushing to care for her younger children, Cara’s mum tries her best to bring them to the Community Living Room to see Cara, creating the most precious family moments she can. But she is simply overwhelmed and has no time for herself. The thought that her children need her is what keeps her going; she can only grit her teeth and carry on. Meanwhile, the father works long hours to provide for the family, with hardly any days off to enjoy some family time. This helplessness and struggle are a microcosm of the reality for many families with children who have special needs—parents who long to care for each child equally but, due to limited resources and time, are forced to make difficult compromises between the ideal and the reality. Feeling a lack of parental attention, Cara calls herself a “ghost”. “I am nothing,” she says, “just blank—no one notices me.” She sometimes resents her siblings for taking her parents’ attention away, but this feeling is not simple blame. It stems from a deep internal conflict and struggle. The social worker at the Community Living Room, who sees Cara often, has observed that as the big sister, she is deeply affectionate towards her younger siblings. When her mum is overwhelmed, she proactively helps to look after them and plays with them. She understands how exhausted her mother is and knows her siblings need care, yet at eight years old, she still longs for her parents’ love and attention. This difficult position—of being both the sensible one and a child who still craves care—causes Cara significant inner turmoil. Expressive Art as a Key to Unlock Inner Feelings and Relieve Emotions The social worker recalled that Cara initially struggled to express her emotions. Although she longed for her parents’ attention, she kept her feelings bottled up and would sometimes hide and cry. The only activity that brought her comfort was drawing on her phone, perhaps one reason she enrolled in the Healing Heart and Mind programme of Save the Children Kong Kong. Through 8 art-based sessions, the programme encourages children to express their emotions through art, while learning to identify and manage different feelings. Cara said the classes allowed her to create and express herself freely, which made her ‘super happy’—and she still remembers them vividly six months later. She learned how to express herself when needed and use tools like a “calming bottle” to ease anxiety. “When I am upset, I can write it down and put it in a box,” she said. Cara has also learnt to face her unhappy feelings with a more positive mindset. She says, “Once you learn how to manage your feelings, you won’t (verbally) lash out at other people. Now, I try to remember what I’ve learnt, happy moments, what my teacher says, and memories of my dad, mum, and grandad. I try not to dwell on the unhappy things, because that just makes you feel worse.” Expressing feelings through art also gives parents a chance to see and appreciate their children’s talents. One child in the class shared that they usually aren’t allowed to take their projects home from art class at school, so their family never gets to see what they’ve made. For some of the children, being able to bring their work home is a simple pleasure. “My mum and dad praise me now, which makes me really happy,” says Cara. “My mum isn’t very good at drawing herself, but when she saw my artwork, she realised how well I could draw.” This newfound confidence in expressing herself has carried over into other areas of Cara’s life. She

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