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Mooreast Holdings Ltd. (“Mooreast” or the “Group”) today announced that it intends to collaborate with Sime Darby Joy Industries Sdn Bhd (“SDJ”), a subsidiary of Sime Darby Berhad (“Sime”), to develop offshore-related business opportunities, including renewable energy. The Singapore Exchange Catalist-listed total mooring solutions provider said that under a non-binding indicative term sheet between its subsidiary, Mooreast Asia Pte. Ltd., and SDJ, both parties plan to explore, develop and undertake business opportunities to fabricate products related to offshore renewable energy, deep-sea offshore equipment and systems, as well as related services. Under the proposed collaboration, Mooreast will provide technical support, engineering expertise, and raw materials and components, while SDJ will undertake pilot fabrication of the products, including production scheduling, manpower and logistics. The collaboration between Mooreast and the Malaysian multinational listed on Bursa Malaysia comes amid growing demand for reliable engineering and equipment manufacturing for floating renewable energy projects in Malaysia and the region. Mooreast, a total mooring solutions specialist and Asia’s only drag embedment anchor designer and manufacturer, is leveraging more than 30 years of experience in the offshore and marine sector to support Malaysia’s growing renewable energy ambitions. SDJ specialises in the engineering and fabrication of heat exchangers and process equipment and has primarily served the oil and gas and petrochemical industries for more than 35 years. Mooreast Executive Director Mr Sim Koon Lam said: “Sime is one of the most well-established industrial groups in the region. The proposed collaboration will allow Mooreast to broaden its reach in Malaysia. We see strong potential in combining our respective capabilities to pursue the offshore renewable energy sector in Malaysia and the region.” Mr Scott Nicholls, Managing Director of Industrial Solutions under Sime’s Industrial division, said: “We are pleased to partner with Mooreast to pilot local fabrication of offshore and renewable energy equipment. SDJ’s long-standing expertise built over three decades, combined with Mooreast’s subsea know-how, will strengthen local supply chains, create skilled jobs and support the country’s clean energy transition. We look forward to working closely with Mooreast to deliver tangible value to our customers and stakeholders.”

PETRONAS has signed a 20-year agreement to purchase liquefied natural gas (LNG) from QatarEnergy, the national oil and gas company said on Wednesday. Under the deal, Petroliam Nasional Bhd will offtake up to two million tonnes of LNG annually. Financial terms were not disclosed. PETRONAS said the long-term supply will strengthen Malaysia’s energy security by ensuring stable and reliable LNG availability to meet rising domestic demand. The agreement comes as PETRONAS moves to expand its LNG portfolio amid growing demand for cleaner energy, as countries transition away from higher-emission fuels such as coal and oil in power generation and transportation. Energy consumption in Malaysia is also increasing, driven by the rapid expansion of power-intensive data centres and artificial intelligence projects. “This agreement marks an important milestone for PETRONAS in enhancing energy security for those we serve,” said PETRONAS president and group chief executive officer Tan Sri Tengku Muhammad Taufik. He added that LNG supply from QatarEnergy will complement cargoes from PETRONAS’ LNG operations in Malaysia and Canada, helping diversify supply sources while improving overall efficiency and value creation. Last year, PETRONAS signed a separate 15-year agreement with Australia’s Woodside Energy to import one million tonnes of LNG per year from 2028.

India’s government and central bank are reportedly in discussions with Ant International, the overseas arm of Chinese fintech giant Ant Group, about integrating Alipay+ with the country’s instant payments system for cross-border transactions, according to two government sources familiar with the matter. If implemented, the move could allow Indian tourists to make payments more conveniently abroad, enabling them to use India’s Unified Payments Interface (UPI) at merchants in other countries that accept Alipay+. This could be a significant step toward facilitating international transactions for Indian travelers and promoting greater interoperability between domestic and global payment platforms. The sources, who declined to be identified, said the discussions are still ongoing and have not been publicly disclosed. India’s finance ministry, the Reserve Bank of India, and the National Payments Corporation of India did not immediately respond to requests for comment. Ant International, headquartered in Singapore, also did not immediately respond to inquiries. The company operates Alipay+, a digital payments platform widely used in Asia, which enables seamless transactions across multiple countries and currencies. Experts say such integration could strengthen India’s role in cross-border digital payments and provide an additional convenience layer for consumers, while also increasing the reach of UPI beyond national borders.

MISC Bhd announced on Tuesday that it has secured a 20-year charter contract from PETRONAS LNG Ltd for three newly built liquefied natural gas (LNG) carriers. The agreement, executed on Jan 30, 2026, is set to commence in 2029. The contract value was not disclosed. At the same time, MISC signed shipbuilding agreements with Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), to construct the three carriers. Hudong-Zhonghua specialises in the design and construction of large LNG carriers, container ships, chemical tankers, heavy-lift vessels, and military ships. MISC said the contract aligns with PETRONAS’ expected LNG production growth and supports the company’s fleet rejuvenation programme, which aims to introduce modern, fuel-efficient vessels with lower greenhouse gas emissions. The time charters cover commercial, project execution, and operational risks, which MISC will manage using its established operational expertise. This marks the second charter contract MISC has secured this year. Last week, a consortium of MISC and Kawasaki Kisen Kaisha Ltd won a 10-year time charter from Northern Lights JV DA for a newbuild 12,000-cubic-metre liquefied carbon dioxide carrier, with delivery scheduled between the second half of 2028 and the first half of 2029. Ahead of Tuesday’s announcement, MISC’s share price rose 13 sen, or 1.6%, to RM8.13, giving the group a market capitalisation of RM36.3 billion. According to AskEdge, MISC shares are currently trading at 28.2 times trailing price-to-earnings and 1.0 times price-to-book value.