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Investment & Market Trends

JTGB Secures RM43 Million Contract For Cable Project

KUALA LUMPUR, Juterasana Technologies Group Bhd (JTGB) has secured a RM43 million contract for the supply and installation of cable infrastructure, further strengthening its position in Malaysia’s electrical and utilities sector. In a statement to Bursa Malaysia, JTGB said the contract was awarded on an arm’s-length basis and is expected to contribute positively to the group’s revenue and earnings for the current financial year. “The contract win reflects JTGB’s technical expertise and proven track record in delivering high-quality electrical solutions,” the company said. “We are committed to completing the project efficiently and safely, meeting the expectations of our clients.” Industry analysts said the award highlights JTGB’s continued growth in the cable and utilities segment, supporting its strategic focus on expanding recurring and high-value contracts. The project is expected to commence shortly, with completion anticipated within [insert timeline if known], subject to regulatory approvals and project milestones.

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Affin Appoints Hanif Ghulam As CEO Of Affin Hwang Investment Bank

KUALA LUMPUR, Affin Bank Bhd has officially appointed Hanif Ghulam Mohammed as the new chief executive officer of its investment banking division, Affin Hwang Investment Bank Bhd, effective immediately. Hanif Ghulam Mohammed has been appointed as the new CEO of Affin Hwang Investment Bank Bhd, with immediate effect. The announcement confirms earlier reports by The Edge Malaysia from August, which had indicated that Hanif was the frontrunner for the role. He succeeds Nurjesmi Mohd Nashir, who stepped down in May and later joined RHB Bank Bhd as head of wholesale banking in July. Hanif brings over 20 years of experience in the banking sector, particularly in treasury and capital markets. Prior to this role, he served as executive director of Group Treasury at Affin Bank since December 2021 and currently sits on Bank Negara Malaysia’s Financial Markets Committee, where he also chairs the Islamic Financial Markets Subcommittee. His career highlights include senior positions such as regional head of Islamic treasury and director of fixed income, giving him deep expertise in debt capital markets and Islamic finance. “Hanif’s appointment reflects our commitment to driving strategic growth and excellence within Affin Hwang Investment Bank amid a dynamic investment banking landscape,” said Datuk Wan Razly Abdullah, president and group CEO of Affin Group. “His extensive experience, treasury and debt capital markets expertise, and leadership in advancing Malaysia’s Islamic financial markets position him well to guide our investment banking arm forward. With Hanif at the helm, we are confident in our ability to strengthen market presence, innovate, and deliver sustainable value to clients, shareholders, and stakeholders as part of our AX28 Strategic Plan,” he added.

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Econpile Secures RM54 Million Construction Contract

PETALING JAYA, Econpile Holdings Bhd has secured a RM54 million contract, marking a significant boost to its order book and expanding its footprint in Malaysia’s construction sector. According to a filing with Bursa Malaysia, the project involves and is expected to contribute positively to the group’s earnings for the financial year. “This contract win underscores Econpile’s expertise in handling complex construction projects,” said a company spokesperson. “We are committed to executing the project efficiently, safely, and within the set timeline, delivering maximum value to our clients.” Analysts said the award demonstrates Econpile’s strong position in the local construction market, particularly in high-value engineering projects, and adds momentum to the company’s growth strategy. The project is scheduled to begin in the coming months, subject to regulatory approvals and project milestones.

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LFG Plans To Sell Vessel For RM28 Million

PETALING JAYA, LFG Bhd has announced plans to dispose of one of its vessels for RM28 million as part of its ongoing strategy to streamline operations and optimise its asset portfolio. In a filing with Bursa Malaysia, the company said the disposal involves a sale to a third-party buyer on an arm’s-length basis. The proceeds from the transaction are expected to strengthen the company’s balance sheet and support working capital requirements. LFG, which operates in the shipping and logistics sector, said the move is in line with its efforts to focus on high-yield and strategic assets while divesting non-core or ageing vessels. “Disposing of the vessel allows us to redeploy resources more efficiently and enhance operational efficiency,” said a company spokesperson. The company did not disclose the buyer’s identity but confirmed that the transaction is expected to be completed in the current financial quarter, subject to the fulfillment of conditions precedent. Analysts view the sale as a prudent move that could improve LFG’s cash position and provide flexibility for future growth initiatives.

Media OutReach

Launch of the World’s First AI Organizer — Bika.ai

Buzz in Silicon Valley as It Redefines the Future of the “One-Person Company” HONG KONG SAR – Media OutReach Newswire – 9 September 2025 – A pioneering AI team today announced the launch of Bika.ai, the world’s first AI Organizer. The concept has already generated significant buzz in Silicon Valley, where experts view it as a breakthrough in reshaping productivity for the AI era. The Dilemma: From Workers to Foremen AI is everywhere. Tools like ChatGPT, Claude, and MidJourney have become tireless “digital workers” — writing, coding, designing on demand. Yet instead of leading these AI teams, humans have slipped into the role of foremen: endlessly prompting, editing, and micromanaging outputs. The result is stalled productivity and growing digital fatigue. The situation mirrors the industrial era a century ago, when factories had machines but lacked management. It wasn’t until scientific management emerged that productivity truly soared. Today, the same principle applies: we don’t need more AI workers. We need an AI Organizer. The Solution: Bika.ai, the AI Organizer Unlike ordinary AI assistants, Bika.ai acts as the Organizer of AI teams. It coordinates, delegates, and oversees multiple AI agents, transforming scattered tools into a coherent organizational structure. With Bika.ai, individuals can lead AI as if running their own companies: Financial Advisors: Traditionally, they must manually track markets, compile reports, and send them to clients every day. With Bika.ai, stock news and data are automatically monitored, with visualized insight slides delivered to clients’ inboxes at 8 AM. Advisors can focus on investment strategy instead of paperwork. Marketers: Campaign planning often requires juggling multiple platforms for emails, social media, and follow-ups. Bika.ai integrates these processes so that with one command, a three-day automated campaign across email, X (Twitter), and LinkedIn can be launched — complete with response tracking — multiplying marketing efficiency. Insurance & Finance Professionals: Prospecting usually involves tedious cold calls. With Bika.ai, one can simply request “CFOs of companies that completed IPOs in 2025.” The system automatically discovers potential clients, builds a database, and triggers follow-up emails — making lead generation faster and sharper. Entrepreneurs: Running a solo business often means wearing every hat — sales, marketing, support, product management. Bika.ai allows entrepreneurs to organize multiple AI “employees,” each handling a different role, effectively operating a one-person company with the power of a full team. The Vision: From Chatbots to Organizers Industry observers often describe AGI’s development as five levels: 1. Chatbot — simple Q&A 2. Reasoner — logical problem-solving 3. Agent— task execution 4. Innovator — creative generation 5. Organizer— orchestrating and managing other AI entities Most current AI tools remain at Levels 2–3. Bika.ai aims for Level 5: the Organizer —where AI is no longer just a tool, but a coordinated digital workforce. “The future of AI is not about adding more agents, but about managing them better,” said Kelly, Founder and CEO of the Bika.ai team. “Our mission is to make Bika.ai the scientific management system of the AI era — freeing people from digital busywork so they can focus on vision, creativity, and leadership.” Hashtag: #Bika The issuer is solely responsible for the content of this announcement. About the Bika.ai Team Bika.ai is developed by a dedicated AI team focused on building organizational solutions for the AI-native era. The team’s mission is to transform digital chaos into clarity, enabling professionals, entrepreneurs, and businesses to unleash their potential in the age of AI — making the one-person company a reality. Learn more at https://bika.ai

Media OutReach

Planner At Large Founder Announces Release Of Début Book Swimming Downstream

Award-winning consultant Judd Labarthe launches a much-anticipated book, Swimming Downstream, challenging conventional marketing wisdom with practical, evidence-based guidance SINGAPORE – Media OutReach Newswire – 9 September 2025 – Judd Labarthe, the US-born founder of Singapore-based consultancy Planner at Large LLP, today announced the release of his début book, Swimming Downstream: How To Stop Struggling & Start Winning With Marketing That Actually Works, published by Marshall Cavendish Business. In the author’s view, the marketing field is plagued by intuitive yet fundamentally flawed assumptions that lead even seasoned, well-meaning businesspeople to repeat the same avoidable mistakes. “The good news”, said Labarthe, “is that successful marketing is more accessible than most businesspeople realize. Thanks to the work of some smart, often contrarian thinkers, we now know much more about what to commit to and what to avoid. It’s thinking that’s starting to catch on among more advanced marketers, but it’s not much talked about, let alone applied, by the people for whom the stakes are highest: brand and business owners themselves.” Swimming Downstream aims to change that. The book is built around a clear idea: most companies are ‘swimming upstream’, wasting resources on popular but misguided tactics that may feel right but don’t actually help them compete. Instead, Labarthe offers readers a more appealing alternative: to ‘swim downstream,’ by recognizing, understanding and aligning with the powerful currents of evidence-based marketing. “The title metaphor is deliberate,” Labarthe explained. “We’ve been sold this image of success as a noble battle where we bravely fight the current to work our way upstream. But in marketing, if you stop chasing trends and start understanding the currents that actually drive growth, you can swim with these currents instead. And that means building success with less effort – and a lot less waste.” Drawing from marketing science, real-life case studies, and Labarthe’s decades of experience, Swimming Downstream provides a success framework that’s immediately actionable – in part because it’s built around the core questions all businesspeople face sooner or later. Specifically, brand and business owners will learn how to break free from convention, to recognize and harness marketing’s real success drivers, and to avoid making the common and costly mistakes that limit competitiveness and growth. Marketing professionals will develop a convincing arsenal of arguments for doing more of what will help, and against doing what won’t but is often baked into company culture as “best practice.” And marketing students and others new to the field will gain a plain-language set of evidence- and experience-based alternatives to conventional wisdom, including what’s commonly taught in school. The book is also a gateway to the thinking that drives Labarthe’s consultancy, Planner At Large LLP, whose clients benefit from an approach to growing their business that focuses on building fame and distinctiveness. Asked about this approach, Labarthe said “we strive to be more creative than the typical management consultant, and more commercially savvy than the typical brand consultant. And the proof is in the pudding: over my career I’ve helped my clients win almost 80 awards for marketing effectiveness.” Labarthe concluded: “Marketing is much more than logos and package designs and social posts and clever stunts; it’s how a business competes. You can’t tack it on at the end of the process of becoming more competitive; marketing is that process.” Swimming Downstream is a refreshing and necessary dive into what successful marketing can and should be. Availability Swimming Downstream is available now on Amazon.com, Amazon.sg, Google Play, and in major bookstores including Kinokuniya and Popular, and through the author directly. Early Praise for Swimming Downstream: Swimming Downstream takes a thoughtful, analytical, and well researched approach to helping business leaders re-think their marketing with a focus on long-term success. Labarthe reminds us, rightly in my view, that marketing and brand are the responsibility of the top of the house, not a department. His anecdotes are instructive, and the chapter end summaries provide a shorthand “to-do list” for the attention-challenged. Swimming Downstream is a useful, understandable, and practical guide to fixing marketing, so it can make the cash register ring. Stephen Ban, former Fortune 500 CMO Swimming Downstream crushes the conventional wisdom dished out by marketing veterans and self-styled “experts”, and it does so with a deft combination of rigor, creativity and a fun, conversational style I really loved. Better still, Labarthe doesn’t simply poke holes in traditional marketing tropes; he provides solid, practical solutions illustrated with insightful case histories based on his experience as a marketing consultant. Marty Horn, former SVP, DDB Worldwide and author of the forthcoming The Marketing Researcher’s Edge As a nonfiction book editor who has co-written four books on marketing and sales, it’s safe to say I’ve read dozens of marketing books. Swimming Downstream offers two things I rarely see together: clear, practical, and actionable guidance for growing brands and businesses, and also a ripping great read! If you’re looking for a serious (and seriously witty) book that will change the way you think about marketing and how you do it, this book is for you. Helena Bouchez, Principal, Executive Words The most unconventional marketing book I have ever read. Labarthe is a critical thinker who questions and refutes the typical marketing concepts and buzzwords, the models taught in business schools and marketing classes. Instead, his book is a celebration of logical thinking and common sense. It’s both refreshing and entertaining. Will recommend it to my students! Prof. Dr. Michael Bahles, BSP Business & Law School Berlin The issuer is solely responsible for the content of this announcement.

Investment & Market Trends

OCK’s Power Unit Eyes Listing On ACE Market

PETALING JAYA, OCK Group Bhd plans to list its 52%-owned subsidiary, OCK Power Sdn Bhd, on the ACE Market of Bursa Malaysia as part of its strategy to unlock value and strengthen its renewable energy portfolio. In a filing with Bursa Malaysia, the telecommunications network services provider said the proposed initial public offering (IPO) will involve a public issue of new shares as well as an offer for sale to raise funds for OCK Power’s expansion. OCK group managing director Datuk Wira Sam Ooi Chin Khoon. Proceeds from the IPO are expected to be utilised for the development of solar power projects, working capital and repayment of bank borrowings. OCK Power, which is principally involved in renewable energy generation, has built a growing portfolio of solar farms and rooftop solar installations across Malaysia. The unit also operates and maintains several large-scale solar (LSS) projects. OCK said the listing exercise would provide its power business with direct access to the equity capital market, enhance its corporate profile and support future growth. Group managing director Sam Ooi Chin Khoon said the move is timely, given the increasing demand for renewable energy solutions in Malaysia and the region. “The listing of OCK Power will enable us to capture more opportunities in the clean energy space and contribute to the national energy transition agenda,” he said. Analysts believe the proposed listing will unlock shareholder value and highlight OCK’s diversification beyond its core telecommunications tower business. The IPO is subject to approval from Bursa Malaysia and the Securities Commission.

Investment & Market Trends

Verdant Solar Inks IPO Underwriting Deal With Mercury Securities

PETALING JAYA, Verdant Solar Sdn Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. The solar solutions provider said the deal marked a key milestone in its journey towards becoming a listed company, paving the way for greater visibility and growth opportunities. Under the agreement, Mercury Securities will act as the principal adviser, sponsor, underwriter and placement agent for Verdant Solar’s IPO exercise. Verdant Solar Holdings Bhd managing director Lim Tzer Haur (left) and Mercury Securities Sdn Bhd managing director Chew Sing Guan (right). Verdant Solar, which specialises in residential and commercial rooftop solar solutions, said the listing will enable the group to raise funds for business expansion, working capital and to strengthen its market presence in Malaysia’s renewable energy sector. Chief executive officer Johnathan Tan said the IPO will accelerate Verdant Solar’s mission of making clean energy accessible and affordable. “With rising adoption of renewable energy and strong policy support, we believe this is the right time for us to scale our business and bring more innovative solar solutions to the market,” he said. The company has installed more than 50 megawatts (MW) of solar capacity to date and aims to expand its footprint further across Malaysia. Analysts said Verdant Solar’s IPO comes at an opportune time, as demand for rooftop solar continues to gain momentum in line with Malaysia’s National Energy Transition Roadmap (NETR). The listing is expected to take place by year-end, subject to approval from Bursa Malaysia and the Securities Commission.

Property

Sunway Set To Broaden Footprint In Singapore

PETALING JAYA, Sunway Group is set to expand its presence in Singapore as part of its regional growth strategy, with plans to strengthen its property development and healthcare businesses in the city-state. Industry sources said the group is exploring several land acquisition opportunities in prime locations, while also looking to grow its healthcare segment through new hospital projects. The move comes amid rising demand for quality healthcare services in Singapore and continued resilience in the republic’s property market. “Singapore remains a key market for Sunway, given its stable economy, transparent regulatory framework and status as a regional hub,” said a source familiar with the matter. Sunway’s property division has been active in Singapore for more than a decade through joint ventures, with projects such as Sunway Mont Residences. Its expansion plans are expected to focus on integrated developments, leveraging its expertise in sustainable townships and mixed-use projects. Meanwhile, Sunway Healthcare Group, which is targeting to list in the next few years, is also eyeing Singapore as part of its regional expansion blueprint. This would complement its existing network of hospitals in Malaysia. Analysts view the Singapore push positively, citing it as a strategic move to diversify Sunway’s earnings base while tapping into a mature market with strong fundamentals. Maybank Investment Bank Research noted that Sunway’s regional expansion efforts, particularly in Singapore, could provide long-term earnings visibility. “With its strong track record in property and healthcare, Sunway is well positioned to compete in Singapore’s competitive market,” it said in a note. The group recently reported steady earnings for the first half of 2025, underpinned by resilient contributions from its property investment and healthcare segments.

News

Broader Earnings Base Set To Boost Solarvest

PETALING JAYA, Analysts remain positive on the outlook of Solarvest Holdings Bhd, pointing to a combination of supportive government policies, new project wins, and a steadily diversifying business model as key growth drivers. According to Maybank Investment Bank Research (Maybank IB), the renewable energy player stands to benefit significantly from policy tailwinds under the large-scale solar 5 (LSS5) initiative and the rising adoption of corporate power purchase agreements (PPAs), which are increasingly being used by companies to secure sustainable and cost-efficient energy. The research house also highlighted Solarvest’s growing project pipeline and its strategic shift into project ownership, a move that not only diversifies revenue streams but also enhances long-term earnings visibility. Regional expansion efforts further support the group’s trajectory of growth beyond the Malaysian market. “In addition, we understand that Solarvest is also actively bidding for contracts in the battery energy storage systems (BESS) segment. The outcome of these awards, which are expected to be announced in October, could provide another meaningful boost to its order book,” Maybank IB said. On the project front, Solarvest recently achieved a milestone after securing a successful bid under the Energy Commission’s LSS5+ exercise. Through a consortium in which Solarvest holds a 20% stake alongside Malakoff Corp Bhd (80%), the group will undertake the development of a 470MW alternating current solar plant in Perak. This project is expected to significantly strengthen Solarvest’s standing in the domestic renewable energy market. Reflecting these developments, Maybank IB reiterated its “buy” recommendation on Solarvest. The research firm also revised its target price upward to RM2.90 from RM2.64, factoring in the contribution from the company’s stake in the large-scale Perak project. Analysts note that with its diversified approach spanning engineering, procurement, construction, project ownership, and new ventures into energy storage, Solarvest is positioning itself not just as a solar engineering contractor but as a more holistic renewable energy solutions provider. This transition is seen as vital in ensuring the company remains competitive and well-placed to capture opportunities in the region’s accelerating clean energy push.

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