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MHS Aviation Bhd, a subsidiary of Boustead Holdings Bhd, has signed a Memorandum of Understanding (MOU) with Vertiport Malaysia Sdn Bhd, the commercial arm of Universiti Malaysia Perlis (UniMAP), to strengthen Malaysia’s unmanned aviation capabilities. Datuk Shaiful Hazizy Zainol Abidin and Mohd Fakhrul Arifin Adinan at the MOU signing ceremony between Vertiport Malaysia and MHS Aviation Berhad in Perlis. In a statement, MHS Aviation said the collaboration supports the Airspace Sandbox initiative announced under Budget 2026, which serves as a national platform for testing and developing low-altitude flight technologies, including Unmanned Aircraft Systems (UAS) and autonomous aviation solutions. The partnership aims to enhance Malaysia’s UAS ecosystem across both civil and defence applications by combining academic expertise with industry capabilities and operational experience. Under the MOU, both parties will collaborate on training, research, and innovation in unmanned aviation. Key focus areas include operational deployment of UAS, particularly Beyond Visual Line of Sight (BVLOS) capabilities, as well as maintenance, repair and overhaul (MRO) services, and training and certification programmes covering operations, management, and maintenance. The collaboration will also involve joint efforts to promote and develop UAS-related services and capabilities. The agreement also sets the stage for further due diligence, including obtaining approvals from the Civil Aviation Authority of Malaysia (CAAM) and developing operational frameworks such as standard operating procedures and operations manuals. MHS Aviation CEO Mohd Fakhrul Arifin Adinan said the partnership reflects the company’s commitment to building next-generation aviation capabilities in Malaysia, adding that the collaboration with UniMAP will support scalable and future-ready unmanned solutions aligned with national priorities. Boustead Holdings group managing director Ahmad Sabirin Arshad said the initiative highlights the group’s strategic role in strengthening Malaysia’s defence and aerospace ecosystem, particularly in emerging technologies such as unmanned systems. Meanwhile, UniMAP vice-chancellor Zaliman Sauli said the collaboration will help position Malaysia as a regional leader in aviation and drone technology, while supporting the development of high-skilled talent in aeronautics and unmanned systems.

Oiltek International has signed a heads of agreement with Brunei-based Bioseaga Industries to develop a US$350 million sustainable aviation fuel (SAF) plant in Sabah, marking a major project for the company. For comparison, Oiltek’s total order book stood at RM350 million as at Feb 23. Under the agreement, Oiltek will act as the exclusive contractor for the project and may also consider taking an equity stake at a later stage. The proposed plant is expected to have a production capacity of approximately 300 metric tonnes per day. Bioseaga Industries, part of the BioSeaga group, focuses on food security initiatives as well as renewable and sustainable fuel development. The collaboration is expected to support the growth of sustainable aviation fuel production in the region. Oiltek said the project represents a strategically significant opportunity to strengthen its participation in the fast-growing SAF value chain. By serving as the exclusive contractor, the company believes it will further reinforce its position as a solutions provider in renewable fuels and sustainable energy infrastructure.

MN Holdings Bhd has secured a RM128 million contract to build a 275-kilovolt (kV) consumer landing station (CLS) for a data centre in central Peninsular Malaysia. The contract was awarded to its wholly owned subsidiary, MN Power Transmission Sdn Bhd, by a client providing infrastructure for hosting, data processing, and related services. The project scope includes construction, supply, installation, testing, and commissioning of the CLS, as well as building works, external works, and infrastructure utilities, ensuring the landing station is fully operational to meet the data centre’s power requirements. The project started on 10 February 2026 and is expected to be completed by 17 December 2026. This follows a strong year for MN Holdings, which has already secured RM720 million in new contracts so far, exceeding earlier expectations. According to AskEdge, MN Holdings trades at a 15.7 times trailing price-to-earnings (P/E) ratio, notably lower than peers such as UUE Holdings Bhd (60.7x), Kinergy Advancement Bhd (27.8x), Jati Tinggi Group Bhd (25x), and CBH Engineering Holdings Bhd (19.8x). On Thursday, MN Holdings’ shares closed four sen lower at RM1.75, giving the company a market cap of RM1.16 billion, despite a 62% increase over the past year, reflecting strong confidence in its order book and growth prospects. The CLS project reinforces MN Holdings’ expertise in high-voltage infrastructure and its ability to deliver large-scale, complex projects critical to the operation of data centres, a key component of Malaysia’s growing digital economy.

Ni Hsin Resources Bhd has announced a strategic partnership aimed at accelerating the adoption and deployment of electric vehicles (EVs) in Malaysia. The collaboration focuses on strengthening EV infrastructure, enhancing technology integration, and supporting local fleet electrification initiatives. While details of the partnership are yet to be fully disclosed, industry sources indicate that the tie-up will involve joint efforts in charging infrastructure, battery solutions, and EV ecosystem development across key urban and industrial areas in the country. The move aligns with Malaysia’s broader push towards sustainable mobility and the government’s target to increase EV adoption as part of its green transition roadmap. By leveraging Ni Hsin’s expertise in automotive and industrial solutions, the partnership aims to address challenges in EV deployment, such as limited charging networks and operational efficiency for fleets. Ni Hsin’s management said the partnership underscores its commitment to supporting Malaysia’s energy transition while expanding its footprint in the growing EV sector. The company expects the collaboration to create opportunities for long-term growth, both in EV infrastructure and related services.