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TIYA Conference 2025: Over 150 Youth Leaders from 15 Countries Gathered to Advance United Nations’ SDGs

Three-day conference in Singapore empowers young changemakers through mentorship and international collaboration SINGAPORE – Media OutReach Newswire – 11 September 2025 – Tzu-Chi Foundation (Singapore) and the Tzu Chi International Youth Association (TIYA) are proud to announce the successful conclusion of TIYA Conference 2025, which convened youth leaders, industry experts, and practitioners from sustainability-focused organisations from all over the world to advance concrete action on the United Nations Sustainable Development Goals (SDGs). The 130-plus youth delegates developed 15 action plans, proposing solutions ranging from smart microgrids for rural towns to community-owned wind farms. Placing youths at the forefront of sustainability leadership Held from 22 to 24 August at the Tzu Chi Humanistic Youth Centre in Singapore, the conference featured a learning journey, plenaries, interactive workshops as well as an Action Plan Development segment designed to equip youth leaders with the tools, networks, and practical insights needed to shape a more sustainable and inclusive future. Aligned with SDG 17, the Action Plan Development segment on Day Three was a highlight, with youth delegates generating innovative solutions to pressing issues. One team tackled Jakarta’s recurring fires, proposing resilient housing, reliable utilities, and improved fire prevention to protect displaced communities. Another focused on Malaysia’s frequent floods, designing strategies aligned with SDG 11 to safeguard vulnerable populations, support low-income families, and promote resilient urban planning. A third team, comprising delegates from Malaysia, the Philippines, Nepal, and Sudan, addressed health and dignity challenges faced by stateless communities in Sabah, advocating for better access to clean water, sanitation, and sustainable living solutions. Shaan Gom, Indigenous Youth Engagement & Empowerment Coordinator, United Nations Development Programme (UNDP) Bangkok Regional Hub, was a facilitator in the TIYA Conference’s organising committee. He was especially heartened to see delegates, who hail from different countries, come together to tackle problems that exist not just in their home countries but also around the world. “The cross-border dialogue amongst the youths and mentors from different countries is what made TIYA Conference so unique. It fosters awareness and a sense of camaraderie that might not emerge otherwise.” The journey does not end at the conclusion of the event. The TIYA team will continue hosting capacity-building sessions and online expert consultations over the next four to 12 weeks, and there is a potential to bring viable action plans to the global stage. The delegates were also encouraged to enter their action plans in the 2026 edition of Generation Hope Goals: Actions for the SDGs. Knowledge-sharing and collaboration opportunities abound Prior to the Action Plan Development segment, youth delegates spent two and a half days soaking up knowledge from industry experts. Participating organisations included Tonibung, AVPN, United Nations Development Programme Bangkok Regional Hub, World Association of Girl Guides and Girl Scouts, and more. Tania Lim from the Energy Division of UNESCAP and Dayyan Shayani from the UN Statistics Division supported the pre-information session, which helped participants prepare for the conference. Four sessions formed the backbone of the conference, each centring on an SDG and addressing challenges that resonate across Asia-Pacific: Learning Journey to Singapore Sustainability Gallery or Coastal Tour with Orang Laut SG (SDG 6) Embarking on an immersive learning experience, delegates explored sustainable water management practices at the Singapore Sustainability Gallery or gained first-hand insights into coastal ecosystems and traditional culture with Orang Laut SG. Power Shifts: Youth Reimagining Energy Systems (SDG 7) Delegates explored the complexities of energy transitions, from the rising demand for clean power to the importance of community-driven solutions. Conversations highlighted the integration of indigenous knowledge, the risks of extractive supply chains, and the need for energy justice in ensuring equitable transitions. Catalysing Change: Outcomes-Based Social Investing (SDG 9) This session delved into how outcomes-based financing models can unlock innovation and accountability in addressing social challenges. By focusing on measurable results, it underscored the potential for youth-led initiatives to attract funding and scale impact while ensuring transparency and inclusivity. Cities Reborn: Youth Designing for People & Planet (SDG 11) Through case studies from Malaysia, the Philippines, and on Tzu Chi’s relief mission for Typhoon Haiyan, this session emphasised human-centered urban planning. Delegates discussed how cities can integrate resilience, cultural sensitivity, and youth participation to respond to climate and social challenges while shaping livable, inclusive spaces. For delegate Bella Citra Hadini, the experience at the conference has been transformative. She is the founder of Youthoffer, an organisation focused on self-development for young people in Indonesia. Passionate about giving back, she has spearheaded initiatives such as Project Smiles, which taught children in the Philippines the importance of oral hygiene. “After the TIYA Conference, I learnt more about pitching to venture capitalists. I also realised the importance of research, which I hadn’t focused on before, and how crucial it is to ensure our solution truly benefits the target community.” Looking Ahead As climate, social, and economic pressures intensify across the Asia-Pacific, TIYA Conference 2025 has reinforced the critical role of youth in shaping inclusive and sustainable futures. With commitments made during the conference now moving into implementation, TIYA and its partners will continue to provide mentorship, resources, and funding opportunities to ensure that ideas are translated into tangible, lasting change. “The future of sustainable development is being written now, by young people who refuse to accept the status quo,” added Lim Choon Choon, Deputy General Manager of Tzu-Chi Foundation (Singapore). “TIYA Conference is proud to be a platform that not only amplifies their voices but also equips them with the means to act.” TIYA 2025 by the Numbers 3 days of high-level discussions, interactive workshops, and collaborative labs Over 150 youth delegates from 15 countries 15 action plans developed 6 mentors and facilitators representing government, academia, civil society, and the private sector 5 SDGs spotlighted (6: Clean Water & Sanitation; 7: Affordable & Clean Energy; 9: Industry, Innovation & Infrastructure; 11: Sustainable Cities & Communities; 17: Partnerships for the Goals) To browse and download photos of the event, please visit TIYA Conference (2025) – Tzu-Chi Foundation (Singapore). Hashtag: #YouthLeadership #Sustainability #SDGs #CleanEnergy #TIYA2025 #TzuChiFoundation

Media OutReach

Gree Showcases Photovoltaic DC Air Conditioning System at Gree Summit Partner, Positioning Singapore as Green Innovation Hub

SINGAPORE – Media OutReach Newswire – 11 September 2025 – Singapore has long been recognized as a pivotal hub in Gree’s Southeast Asia growth strategy. With its advanced infrastructure, strong sustainability agenda, and dynamic role in the Asia-Pacific market, Singapore provides the ideal platform for Gree to showcase cutting-edge technologies that combine comfort, energy efficiency, and environmental responsibility. This vision was further reinforced at the recent event, ‘Gree Summit Partner 2025’ held at the Bangkok Convention Centre on 10 September 2025, where Gree gathered its dealer partners and celebrated the 10th anniversary of Gree Indonesia under the theme “Decade of Trust, Forwad Together.” The occasion not only strengthened Gree’s presence in the region but also underscored Singapore’s role as a launchpad for innovation, while paving the way for the introduction of its latest eco-friendly air conditioning technologies, including the GMV PV system designed to support Singapore’s clean energy transition. The Gree GMV PV system unveiled at the ‘Gree Summit Partner 2025’ event. Recognised as the world’s No.1 brand in residential air conditioners (RAC) sales in 2024 by Euromonitor International, Gree has consistently held the top global market share in household ACs for 18 consecutive years. Backed by over 130,000 technical patents, including globally leading technologies, Gree continues to lead the industry with cutting-edge products that combine energy efficiency, durability, and aesthetics. Singapore as Gree’s Strategic Gateway to Southeast Asia’s Market The gathering, attended by partners from across the region (Singapore, Indonesia, and Thailand) marked the launch of Gree’s Photovoltaic Direct Current (DC) Air Conditioning system and reinforced Singapore’s position as both a sustainability testbed and a hub for global product innovation. “As one of the world’s most solar-dense cities near the equator, Singapore provides the ideal environment for pioneering sustainable cooling technologies,” said Mr. Leon Li, General Manager of Gree Airconditioning Singapore PTE. Ltd. “Singapore is not only a market, but also a bridgehead that brings together world-class engineering firms and progressive sustainability policies, making it a key hub for Gree’s innovation and service benchmarking.” According to the Energy Market Authority (EMA), Singapore has already surpassed its 2025 target of deploying 1.5 GWp solar capacity and is on track to reach 2 GWp by 2030, equivalent to the annual electricity needs of around 350,000 households. This strong foundation makes Singapore the ideal launchpad for Gree’s breakthrough innovations, including the GMV PV, the world’s first direct-drive photovoltaic air conditioning system. Delivering 99% photovoltaic efficiency and supporting full off-grid operation, the GMV PV enables “zero electricity bills and zero emissions.” Its modular parallel architecture ensures adaptability across various building types, while intelligent remote monitoring and advanced energy management guarantee stable and efficient performance. Often referred to as the “zero-carbon eco AC system” and “the integrated cooling-heating-electricity supply system,” Gree’s PV-based solutions redefine sustainable cooling. Complementing the GMV PV is the Photovoltaic Storage DC Inverter AC System, which further boosts efficiency with advanced technologies such as multi-level commutation, high-efficiency thermal management, high-performance vapor injection, and smart switching between solar and grid electricity. With five interactive modes and a dedicated DC interface for energy storage, it ensures uninterrupted comfort even during power outages. For Singapore’s tropical climate and rising demand for green solutions, these innovations are designed to meet the nation’s Green Mark standards while supporting its clean energy transition. The launch of the Gree Photovoltaic DC Air Conditioning System further underscores Gree’s leadership in eco-friendly air conditioning, combining global technological excellence with local market needs. The Gree Photovoltaic Storage DC Air Conditioning System now includes 15 product categories and 101 models, covering centrifugal chillers, magnetic levitation systems, screw chillers, modular units, top-discharge VRF systems, side-discharge VRF systems, residential split units, and refrigeration units. This system offers strong adaptability to various building types, meeting the application needs of residences, offices, hotels, shopping malls, halls, schools, factories, farms, and cold storage facilities. Building on more than 30 years of expertise, Gree has established itself as a leader across diverse environments from residential homes and office towers to transport hubs, factories, hospitals, and data centres. To strengthen its commitment in Singapore, Gree also provides: With these initiatives, Gree is not only introducing innovative products but also positioning itself as a long-term partner in Singapore’s journey toward a greener, smarter, and more sustainable lifestyle. A Commitment to Green and Smart Futures “After successfully building trust over a decade in Indonesia, our first Southeast Asian market, we are now extending our footprint into Thailand and Singapore,” said Mr. Ethan Wu, CEO of Gree Global Holdings Pte. Ltd. “Our mission is clear: to provide reliable, eco-friendly, and technologically advanced air conditioning solutions tailored for tropical regions. With Singapore’s role as both a strategic hub and sustainability pioneer, we are confident in shaping a green and smart future together.” From left to right: Mr Nicky, Vice President of Gree Electric Appliances Indonesia; Mr Jared Yang, President Director of Gree Electric Appliances (Thailand); and Mr Leon Li, General Manager of Gree Airconditioning Singapore. With operations spanning 18 major production bases and serving over 160 countries, Gree continues to set benchmarks for innovation, after-sales service, and sustainable solutions. The regional dealer gathering and Southeast Asia product launch reaffirm the company’s long-term vision to strengthen partnerships, empower local markets, and deliver world-class cooling technologies across the region. Hashtag: #Gree #AirConditioning #SmartCooling #ConsumerElectronics #HomeAppliances The issuer is solely responsible for the content of this announcement. About Gree Founded in 1991, GREE Electric Appliances Inc. of Zhuhai is one of the world’s largest manufacturers of air conditioners and smart home appliances. Headquartered in Zhuhai, China, GREE integrates independent research, development, and production across its full product line, including residential and commercial HVAC systems, air purifiers, water heaters, and smart home technologies. GREE’s products are sold in over 160 countries, and the company has held the No.1 global market share in household air conditioners for 18 consecutive years (Euromonitor International). With more than 90,000 employees worldwide and a reputation for innovation, energy efficiency, and high-quality manufacturing, GREE is committed to delivering intelligent, sustainable solutions that

Media OutReach

Wildberries Launches Virtual Fitting Room for Its Online Marketplace

MOSCOW, RUSSIA – Media OutReach Newswire – 11 September 2025 – Wildberries, a leading digital platform in Eurasia, has developed and launched a virtual fitting room in its online marketplace. This AI-powered feature, currently available in test mode, enables users to virtually try on clothing after uploading their photo into the Wildberries mobile app. Product listings available for virtual fitting now include a “See how it looks on you” button. By clicking it, customers can upload a photo of themselves and see how an item would look on them. Users can either upload an existing photo or take a new one in real time. “We are constantly looking for ways to make online shopping as convenient as possible, and to offer as many of the same opportunities that users have when shopping offline. This new tool will help customers to feel more confident about their selection while helping sellers to boost their conversion and sales,” said Wildberries founder and CEO Tatyana Kim. The new feature is powered by computer vision and artificial intelligence technologies, which analyze the uploaded image and overlay the selected clothing item, taking into account shape, coloring, proportions and perspective. Wildberries is currently collecting and analyzing feedback from customers and sellers to enhance the tool before its further rollout. Wildberries stands out among online marketplaces for its extensive network of more than 87,000 offline pickup points, where customers can collect their purchases at a convenient time, try on clothes and shoes in fitting rooms, and return any items on the spot. With the new virtual fitting room feature, the marketplace now offers an even more convenient way to shop. Earlier this year, Wildberries launched an online fitting feature for electronics, household appliances and other products that uses 3D visualization and augmented reality technology to show how items would look in a customer’s home. This interactive experience increases customer interest and helps them make purchase decisions more quickly. With a staff of skilled IT developers, Wildberries has introduced a range of AI-powered tools for customers and sellers. These include an in-app shopping assistant that helps customers search for and compare products; tools that generate product listings, enhance product images, and forecast and analyze sales; and virtual models generated by neural networks that help clothing sellers to promote their products without incurring additional costs. Hashtag: #Wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading digital platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, while also partnering with sellers in China and the UAE. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 135 facilities and 87,000 pick-up points across its markets. As of 2025, Wildberries serves over 79 million customers and processes more than 20 million orders per day.

Media OutReach

BeOne Medicines Honored with the Global Oncology Innovation Leadership Award at BIOHK 2025, Supporting “1+” to Accelerate the Delivery of Innovative Cancer Therapies

HONG KONG SAR – Media OutReach Newswire – 11 September 2025 – BeOne Medicines (BeOne)(NASDAQ: ONC; HKEX: 06160; SSE: 688235), was honored today at BIOHK 2025, the Hong Kong International Biotechnology Conference & Exhibition, with the prestigious Global Oncology Innovation Leadership Award. This award recognizes BeOne’s outstanding contributions to advancing global oncology research and delivering transformative cancer therapies to patients. (Leftest) Paul Chan, Financial Secretary; (Fourth from right) Yiya Chen, General Manager (Taiwan, Hong Kong & Macau) of BeOne Medicines Ms. Yiya Chen, General Manager (Taiwan, Hong Kong & Macau) of BeOne, stated, “Receiving the Global Oncology Innovation Leadership Award not only affirms BeOne’s R&D capabilities, but also motivates us to accelerate the transformation of innovative breakthroughs into tangible benefits for patients in the Greater Bay Area, including Hong Kong. Currently, we offer three novel cancer therapies in Hong Kong, covering BTK inhibitor, PD-1 inhibitor, and IL-6 inhibitor. Moving forward, we will proactively leverage the opportunities under the “1+” mechanism to expedite the importation of more international-standard compliant, self-developed medicines, enabling rapid, extensive access to effective treatment for local cancer patients. Global Research & Development Together with Powered Innovation Since its establishment in 2010, BeOne has been upholding its mission of “Cancer has no borders. Neither do we,” focusing on developing high-quality, self-developed medicines that meet international standards, with a commitment to accessibility and affordability of innovative cancer treatments. To date, BeOne has conducted over 170 clinical trials across 45 countries and regions, building one of the world’s largest oncology research teams. More than 1.8 million patients have benefited from the achievements of its research and development. Diverse Pipeline to Drive Global Impact BeOne’s R&D spans both hematologic and solid tumors: BTK inhibitor: BeOne’s first independently developed innovative drug, and the only treatment worldwide in its class to have completed head-to-head clinical trials in both Chronic Lymphocytic Leukemia (CLL) and Waldenström’s Macroglobulinemia (WM)1. It has been approved in more than 75 markets and was honored with the prestigious Prix Galien Suisse in 20232.. PD-1 inhibitor (immunotherapy): Approved in Hong Kong for six indications, including non-small cell lung cancer, esophageal cancer, and gastric cancer, with expansion to nasopharyngeal carcinoma and lung cancer — two of the most prevalent cancer types in Asia. This therapy is marketed in 47 countries and regions including the United States, European Union, China, and Japan, with over 60 indication-approval applications submitted to expand its global coverage. Fast-to-Proof of Concept (PoC) Strategy to Accelerate Innovation Delivery BeOne’s integrated development approach combines robust R&D capabilities, a PoC-driven strategy and a wide portfolio of assets. With over 40 Phase 3-ready or registration-potential clinical trials and more than 40 R&D assets in clinical and commercialization stages, BeOne maintains leadership across multiple technology platforms, including multi-specific antibodies, chimeric degradation activating compounds (CDACs), and antibody-drug conjugates (ADCs). Through the PoC strategy, BeOne concentrates on highly differentiated and promising molecule candidates. The company has successfully pushed through the clinical development for 20 drug molecules and obtained regulatory approvals across six continents, demonstrating its outstanding R&D efficiency and globalization strategy. Globalization to Strengthen Sustainable Supply BeOne has established three major R&D and manufacturing bases in the United States and China, encompassing the entire industry chain from research and development to manufacturing and commercialization. Notably, the Guangzhou campus spans 1.3 million ft2 and features advanced manufacturing capabilities to produce large-molecule drugs, serving as a core supply hub in the Greater Bay Area, including Hong Kong. This footprint ensures a stable drug supply and enhances accessibility for patients in the region. As one of the world’s top 20 leading oncology patent holders3 and listed as one of the “World’s Top 10 Most Inventive Pharmaceutical Companies”4 by IDEA Pharma in 2025, BeOne will continue to devote its efforts to researching hematologic and solid tumors. Leveraging Hong Kong as a strategic bridge between Asia and the international community, BeOne is committed to accelerating the development and delivery of innovative therapies, collaboratively driving a new paradigm for cancer care regionally and globally. Prof. Albert Yu, Chairman of Hong Kong Biotechnology Organization, remarked, “BeOne’s leadership in oncology is fully evident in its innovative drug development, globalization strategy, and significant improvements in quality of life for cancer patients locally and worldwide. Grounded in rigorous scientific research, BeOne aligns clinical needs with accessibility considerations across various markets to launch multiple self-developed innovative medicines to the global stage. The company’s efforts represent scientific excellence and a profound commitment to cancer patients, deserving of the Global Oncology Leadership Award.” This press release contains forward-looking statements, and actual results may differ from those expressed or implied in these statements. All information provided herein is as of the date of this release, and unless required by law, BeOne has no obligation to update or revise any such information. Forward-Looking Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the potential benefits of sonrotoclax; BeOne’s expectations regarding sonrotoclax’s clinical development, regulatory milestones, submissions and approvals; BeOne’s plans to present the full data at an upcoming medical meeting; and BeOne’s plans, commitments, aspirations and goals under the caption “About BeOne.” Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeOne’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeOne’s ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeOne’s ability to obtain and maintain protection of intellectual property for its medicines and technology; BeOne’s reliance on third parties to conduct drug development, manufacturing, commercialization, and other services; BeOne’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products; BeOne’s ability to obtain additional funding for operations and to complete the development of its drug candidates and

News

CIMB Group Unveils Leadership Change In Singapore

KUALA LUMPUR, CIMB Group Holdings Bhd has announced a leadership transition in its Singapore operations following the resignation of Victor Lee Meng Teck, CEO of Growth Markets and CEO of CIMB Singapore. In a statement, the group said Lee has stepped down to pursue other opportunities and will be on gardening leave with immediate effect. Group CEO Novan Amirudin will take on the role of Acting CEO of Growth Markets, while Andrew Boey, Chief Financial Officer of CIMB Singapore, has been appointed Officer-in-Charge to manage daily operations and ensure business continuity. Novan praised Lee’s contributions, noting his role in strengthening and institutionalising CIMB Singapore, aligned with the group’s EPICC culture. “As we look ahead, we remain confident in our strong leadership team and their ability to deliver on our Forward30 strategic priorities. We thank Victor for his dedication and wish him well in his future endeavours,” he added. CIMB confirmed that its succession plan has been activated and official appointments will be announced in due course. Lee joined CIMB in January 2019 as CEO of Group Commercial and Transaction Banking before being named CEO of CIMB Singapore in January 2020.

Investment & Market Trends

AmBank Reaffirms Commitment To Supporting Chinese Banks, Investors In Driving FDI Into Malaysia

KUALA LUMPUR, AmBank Group has reaffirmed its commitment to deepening strategic partnerships with major Chinese banks, including China Construction Bank (CCB), Industrial and Commercial Bank of China (ICBC), and Bank of China, as well as other leading Chinese corporations, to facilitate the inflow of foreign direct investment (FDI) into Malaysia. AmBank Group’s chairman emeritus and honorary advisor, Tan Sri Azman Hashim, said the bank’s collaboration with Huawei on environmental, social and governance (ESG) initiatives and digital transformation further reflects its shared vision of building a sustainable and innovative future. “Together with these banks, AmBank is helping Chinese investors connect with industrial park developers, enabling them to set up operations in Malaysia. We hope this strategy will not only strengthen Malaysia’s economic growth but also further enhance ties with China,” he said at AmBank Group’s 50th anniversary gala dinner. Prime Minister Datuk Seri Anwar Ibrahim attended the celebration as the guest of honour. As part of its golden jubilee milestone, AmBank also unveiled an updated version of its camel mascot, Aman, which first appeared during the 68th National Merdeka Parade. The refreshed mascot symbolises unity, progress, and national pride.

News

Ismail Sabri Decides Against Contesting MACC’s RM169mil Forfeiture Move

KUALA LUMPUR, Former prime minister Datuk Seri Ismail Sabri Yaakob and his ex-political secretary, Datuk Mohammad Anuar Mohd Yunus, have opted not to contest the prosecution’s bid to forfeit more than RM169 million in cash seized by the Malaysian Anti-Corruption Commission (MACC). MACC deputy public prosecutor Mahadi Abdul Jumaat informed the Sessions Court of their decision during case mention before Judge Suzana Hussin, noting that both respondents had conveyed their stance in a letter dated Aug 28. Former prime minister Datuk Seri Ismail Sabri Yaakob and his former political secretary Datuk Mohammad Anuar Mohd Yunus will not challenge the prosecution’s application to forfeit more than RM169 million in cash seized by the Malaysian Anti-Corruption Commission.  “We are requesting that a third-party gazette under Section 41(2) of the MACC Act 2009 be issued for this application, and we will try to expedite the process,” he said. Lawyer Datuk Amer Hamzah Arshad, representing both Ismail Sabri and Anuar, confirmed the contents of the letter and requested that his clients be excused from attending the proceedings, which the prosecution did not object to. The judge fixed Oct 1 for the next case mention. Mahadi later told Bernama that if no third-party claims are filed on that date, the RM169 million will be forfeited to the government. The forfeiture bid, filed on July 7, covers cash in multiple currencies allegedly belonging to Ismail Sabri but held by Anuar. This includes RM14.77 million in ringgit, S$6.13 million, US$1.46 million, three million Swiss francs, €12.16 million, ¥363 million, £50,250, NZ$44,600, AED34.75 million, and A$352,850. The application was made under Section 41(1) of the MACC Act 2009, after the commission determined that the funds were linked to an offence under Section 36(2) of the same act. The MACC had previously questioned Ismail Sabri several times over his asset declarations. Investigators also seized RM170 million in cash across various currencies and 16kg of gold bars, estimated at RM7 million, during raids on “safe houses” linked to the case. The seizures were tied to a corruption and money laundering probe involving four of Ismail Sabri’s senior aides, who were arrested in February.

Investment & Market Trends

THMY Picks Affin To Underwrite ACE Market IPO, Targets 4Q listing

KUALA LUMPUR, THMY Holdings Bhd, a Penang-based provider of automated testing systems for circuit boards, has inked an underwriting agreement with Affin Hwang Investment Bank Bhd for its upcoming ACE Market debut, targeted for the fourth quarter of 2025. In a statement, THMY said Affin will underwrite the IPO shares earmarked for the Malaysian public and eligible investors via pink form allocations. From left: Hanif Ghulam Mohammed, CEO, AHIBB; Hasli Hashim, interim chairman and independent non-executive director; Hishamuddin Hud Ibrahim, chief operating officer; Ooi Can Nix, executive director and CEO, THMY; Datuk Mohd Sofi Osman, independent non-executive chairman; and Chua Hooi Luan, independent non-executive director. Chief executive officer Ooi Can Nix said the listing will allow THMY to strengthen its market position in automated test solutions, driven by rising demand in the electrical and electronics sector, generative AI, data centres, and advanced digital infrastructure. The IPO will comprise a mix of new share issuance and an offer for sale, representing up to 26.2% of the company. Proceeds from the new shares will be channelled towards building a new factory, repaying borrowings, funding design, research and development, working capital needs, and covering listing expenses. According to its draft prospectus, the public issue includes 44.4 million new shares for the Malaysian public, 23.53 million shares for eligible persons, 53.78 million shares via private placement to selected investors, and 22.2 million shares for approved Bumiputera investors. Meanwhile, 88.8 million existing shares will be offered for sale by co-founder Ooi and his wife, Chu Mooi Leng. THMY plans to increase production capacity with its new factory and additional assembly lines, while also broadening its customer base and tapping into high-growth markets. It also intends to set up a support and maintenance office in Thailand to better serve regional clients. Currently, THMY’s customer base spans Europe, North America, and the Asia-Pacific, covering industries ranging from technology to healthcare. Affin Hwang IB is acting as the principal adviser, sponsor, sole placement agent, and underwriter for the IPO.

Property

SkyWorld Inks MOU For Exclusive Negotiations On RM136mil Vietnam Development

KUALA LUMPUR, Property developer SkyWorld Development Bhd has signed a memorandum of understanding (MoU) with a Vietnamese partner to hold exclusive negotiations for a proposed RM136 million mixed development project in Vietnam. In a filing with Bursa Malaysia, SkyWorld said the MoU will allow the group to explore potential collaboration on a residential-led development in Ho Chi Minh City. The talks are expected to finalise terms for a joint venture or acquisition deal within the next six months. “The proposed venture in Vietnam is in line with our long-term strategy to expand regionally and diversify revenue streams beyond Malaysia,” SkyWorld said. The RM136 million project is targeted at the mid-market segment, with plans for modern residential units complemented by lifestyle and retail components. SkyWorld said demand for quality housing in Vietnam remains strong, supported by rapid urbanisation and a growing middle class. Analysts view the MoU as a strategic step for SkyWorld, which has been actively seeking overseas opportunities following its successful listing on Bursa Malaysia last year. The company emphasised that the MoU is not legally binding and the project remains subject to further due diligence, approvals and the signing of definitive agreements. “Should the collaboration proceed, it is expected to contribute positively to the group’s long-term growth,” SkyWorld said.

Investment & Market Trends

Budget 2026 May Introduce New Taxes To Boost Revenue

KUALA LUMPUR,The government is likely to introduce new tax measures in Budget 2026 as part of efforts to strengthen fiscal sustainability and reduce reliance on petroleum-related income, according to economists and tax experts. With the national budget deficit still hovering above 4% of GDP and subsidy rationalisation ongoing, analysts believe Putrajaya will look at broadening the tax base, possibly through the reintroduction of the Goods and Services Tax (GST) or a new form of consumption tax. “Malaysia needs a more sustainable revenue stream. Budget 2026 could be the right time to roll out a consumption-based tax system, but it must be designed carefully to avoid burdening lower-income households,” said an economist quoted by The Edge. Other potential measures under consideration include: Capital gains tax expansion — extending the recently introduced capital gains tax on unlisted shares to cover more asset classes. High-income tax adjustments — revising top marginal income tax rates for higher earners. Luxury tax implementation — targeting high-value goods and services. Finance Minister II Datuk Seri Amir Hamzah Azizan has not confirmed if GST will return but stressed that “the government is studying all options to ensure long-term fiscal resilience.” Budget 2026, expected to be tabled in Parliament this October, will mark the second budget under Prime Minister Datuk Seri Anwar Ibrahim’s administration and is seen as a test of balancing economic growth with fiscal reforms. Market watchers said investors will be monitoring closely whether the government pursues new tax initiatives or opts for a gradual approach ahead of a possible general election.

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