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ESG

What Happens When An Old Industry Thinks New?

Some industries are built around disruption. Others are built around things people have been doing for generations. Religious worship products firmly belong to the second category. The rituals are familiar. The symbols carry history. Many of the products have existed in one form or another for decades, if not centuries. Yet behind this deeply traditional market, consumer expectations are changing just as they are everywhere else. CEO & Founder of Suan Leong Hang (M) Sdn Bhd – Mr Goey Lai Poh. People still want tradition. They also want better quality, greater safety, longer-lasting products and increasingly, more environmentally conscious choices. That is where Suan Leong Hang found room to rethink an old industry. The Malaysian manufacturer and wholesaler supplies religious and worship products across Malaysia and Asian markets including Thailand, Vietnam, China, Taiwan, Singapore and Indonesia. Its portfolio spans worship table lamps, incense, prayer accessories, ceremonial offerings, eco-friendly paraffin lamp oil and candle wax. The interesting part of its story, however, is not simply what it sells. It is how frequently the company has been willing to change the products surrounding traditions that themselves remain largely unchanged.   First Came the Light Bulb One of Suan Leong Hang’s earlier opportunities came from worship table lamps. At the time, much of the market still relied on traditional incandescent bulbs. They consumed more electricity, generated greater heat and had shorter lifespans. Some imported lighting products also presented durability and safety concerns because they were not sufficiently suited to Malaysian electrical conditions. The company saw an opportunity to introduce something better. Suan Leong Hang became an early promoter of LED-based worship lighting, bringing the benefits already transforming conventional lighting — lower energy consumption, less heat, longer lifespans and reduced maintenance — into the religious products market. Nothing about the ritual needed to change. Only the technology did. It proved an important lesson for the business: even in highly traditional categories, customers will embrace innovation when it makes a familiar product safer, easier or more reliable. Then came the inevitable problem with being early. Everyone else catches up. LED technology became widely available and the market increasingly crowded. Technology alone could no longer provide meaningful differentiation. So Suan Leong Hang moved the conversation from what was inside the product to the quality of the product itself.   Ten New Ideas a Year Today, the company introduces at least 10 new products annually. That is a surprisingly aggressive innovation cycle for a business operating in a category most consumers would probably not associate with rapid product development. The strategy has taken Suan Leong Hang beyond the worship lamps on which it established its reputation and into premium incense and a wider range of devotional products. But entering a new category exposed another business reality: customers do not automatically trust a company simply because they recognise its name. When Suan Leong Hang moved into incense, customers initially associated the brand with lighting. Instead of relying solely on advertising to change that perception, the company concentrated on product quality, customer education and market engagement. Acceptance came gradually. Then came repeat purchases. For Suan Leong Hang, this revealed an asset more valuable than any single product: the ability to transfer trust. If customers believe in the quality behind one category, that credibility can eventually open the door to another.   Don’t Wait to Be Disrupted That philosophy has shaped how the company thinks about growth. Internally, Suan Leong Hang works around a simple idea: continuously improve before the market forces you to change. It is a useful rule in an era when businesses can lose an advantage remarkably quickly. Instead of waiting for competitors to dictate the next move, resources are directed towards product innovation, quality improvements, production efficiency and supply-chain optimisation. The company is equally clear about what it does not want to become. It does not pursue growth through imitation. Nor does it define progress simply by becoming larger. Its stated philosophy is to surpass rather than copy, while refusing opportunities that could undermine product quality or long-term brand value. That makes quality less of a manufacturing claim and more of a growth strategy. Its own phrase — “Quality Determines the Future” — captures the thinking. A customer who buys once contributes to sales. A customer who trusts the brand enough to return — or follow it into an entirely different product category — contributes to something harder to build. Longevity.   Tradition Has Consumers Too This may ultimately be the most important point about Suan Leong Hang’s market. Tradition does not exist outside consumer behaviour. People still compare products. They notice quality. They care about safety and convenience. Environmental considerations increasingly influence expectations. Younger generations may continue religious practices while expecting the products surrounding those practices to fit more naturally into modern life. The opportunity, therefore, is not to reinvent the ritual. It is to keep improving everything around it. Suan Leong Hang has already moved from incandescent bulbs to LED technology, from worship lamps into new product categories, and from Malaysia into markets across Asia. The next innovation will eventually be followed by another. Because an old industry does not necessarily need to behave like one. Sometimes the traditions that last the longest are supported by businesses willing to keep changing.  

Events

Malaysia Charts Course “Beyond Certification” As International Sustainability Week 2026 Opens In Kuala Lumpur

Government officials, industry leaders and global experts converge at MITEC to push the built environment from green labels toward measurable, net-zero performance. International Sustainability Week (ISW) 2026 opened at the Malaysia International Trade and Exhibition Centre (MITEC) on Thursday with a clear message from government and industry: green-building certification is a milestone, not a finish line, and the shared task now is turning climate policy into tangible results on the ground. The two-day event was officially launched by the Minister of Natural Resources and Environmental Sustainability, Datuk Seri Arthur Joseph Kurup, alongside Rehda Malaysia deputy president Datuk Edward Chong Sin Kiat, GreenRE chairman Datuk Seri FD Iskandar, Qube Integrated Malaysia managing director Jessie Tan and Rehda Wilayah Persekutuan KL chairperson Datuk David Lim Boon Huat. ISW 2026 is organised by Qube Integrated Malaysia and co-organised by GreenRE. This inaugural programme pairs the sixth International Green Build Conference (IGBC) with the newly launched GreenScape: International Green Innovation Exhibition, bringing together developers, solution providers and government agencies across green technologies, policy and financing. In his keynote address, Datuk Seri Arthur Joseph Kurup said Malaysia’s cities can no longer settle for doing less harm. “They must become climate-resilient and actively give back to the environment,” he said, citing UN and IEA data showing buildings account for over a third of the world’s energy consumption and nearly 40% of energy-related emissions. Certification, he added, is an essential first step, but on its own it does not reduce carbon emissions; operational transformation does. “The transformation of our built environment will not happen through a single policy or project,” Kurup said. “It will happen through thousands of decisions made daily by architects, engineers, planners, developers, financiers, policymakers, and communities.” In his speech, ISW 2026 co-chair and GreenRE chairman Datuk Seri FD Iskandar argued that Malaysia already has strong sustainability policies, growing industry capability and home-grown assessment tools. The remaining gap, he said, is connecting those pieces so that certification translates into buildings that genuinely use less energy and water, cut emissions and perform better over time — framing certification as evidence of progress rather than an end goal in itself. Qube Integrated Malaysia’s Jessie Tan echoed that theme in her welcoming remarks, telling delegates that achieving a net-zero future will require unified action combining clear policy, rigorous standards, capital and skilled people willing to execute — and that no single organisation, industry or government can deliver the transition alone. Among the first day’s speakers was Expo City Dubai executive director Nadia Verjee, who urged cities to think beyond reducing harm and instead ask what they can create more of — resilience, biodiversity, productive economies and human connection, a concept she termed “place power.” Citing Dubai’s experience repurposing roughly 80% of Expo 2020’s infrastructure after the event, Verjee said long-term legacy planning, not certification badges, should be the real measure of a sustainable development. A separate panel on climate-resilient urban design featured PLAN Malaysia’s Dr Chee Ping Ngang, former UN-Habitat senior policy adviser Dr Shipra Narang Suri and Global Network for Zero’s Geetanjali Prasad, who examined how cities can shift from mitigation-only planning toward resilience-led transformation. The day closed with a panel on decarbonising energy systems at scale, where Malaysian Nuclear Agency official Julia Abdul Karim argued that clean-energy planning should not be framed as a binary choice between nuclear and renewables, given rising demand from industrial growth and artificial intelligence. Advisory Council for Atomic Energy chairman Datuk Raja Abdul Aziz Raja Adnan and Tenaga Nasional Bhd’s Dr Noor Miza Razali, moderated by Universiti Tenaga Nasional’s Prof Tiong Sieh Kiong, discussed the need to replace roughly 7 gigawatts of capacity as coal is phased out, and the role battery storage and nuclear power could play in supporting an increasingly renewables-heavy grid. Themed “From Certification to Transformation, Building a Net Zero Future Together”, ISW 2026 continues into its second day under the sub-theme “Path to Sustainable Cities for All: The Urban Transition Towards Net Zero,” with sessions covering planning governance, green infrastructure, flood resilience and public-private collaboration.— The Exchange Asia

Events

Beyond The Boardroom Seat: “She Leads. She Defends.” Puts Malaysian Women At The Centre Of The Country’s Digital Rulebook

Inaugural Law, Risk and Governance forum in Kuala Lumpur drew judges, regulators and general counsels to tackle AI governance, cybersecurity and the future of legal leadership   Malaysia’s push to govern Artificial Intelligence, Cybersecurity and Data Protection took centre stage on Saturday at the inaugural She Leads. She Defends: Women in Law, Risk & Digital Governance Forum 2026, held at Four Points by Sheraton, Puchong. Organised by WomenAtlas Media & Events, powered by Laurea People’s Signature and founded by Nisha Meng Mingg Li, the one-day forum drew judges, regulators, board directors, general counsels and rising legal talent under a theme that set the tone for the day: Where Governance Met Its Match: The Women Shaping Malaysia’s Digital Future. The event argued that the conversation around women in business has moved past counting board seats and into a more consequential question — who writes the rules governing Malaysia’s digital economy. The opening programme was officiated by Dalvin Kaur, Head of Legal, Group Global Banking at Malayan Banking Berhad and a council member of the Chartered Governance Institute, Malaysia, alongside co-officiator Rita Irina Wahab of Naza Corporation Holdings. The day was structured around four pillars — Law & Justice, Policy & Governance, Business & Leadership, and AI, Cyber & Digital Trust — reflecting organisers’ view that these functions, once siloed, can no longer be treated separately inside modern companies.   AI Governance emerges as the Sharpest Gap The forum’s most closely watched session, “AI Governance: Are Malaysian Organisations Really Ready?”, featured Dr Salasiah Abbas of SOVA Intelligence, Wendy Lim of the High Court of Malaya and Cally Yau of PEOPLElogy, moderated by Moyra Ibrahim of ECS Solution Group. Panellists pointed to a stark implementation gap: while the large majority of organisations report having some form of AI governance framework in place, only a small fraction say those frameworks are actually working effectively in practice — underscoring that adoption of AI tools has outpaced companies’ ability to manage the risks that come with them, from data leakage and algorithmic bias to unresolved questions of accountability and intellectual property. A companion keynote, “Law in the Age of AI: Why Every Legal Leader Must Understand Technology,” delivered by Dr Pin Lean Lau, Founder and CEO of ReGenTech, argued that technical fluency is becoming a core competency for legal leaders rather than a niche specialism. As artificial intelligence reshapes how businesses operate, she cautioned, choosing not to understand the technology is itself a risk, one the profession can no longer afford to overlook. The message to the room was clear: in a rapidly changing legal landscape, understanding the tools is no longer optional.   Cybersecurity and Digital Evidence as Boardroom Duties Jane Teh, Founder and CEO of VortiQ[x], addressed “Cybersecurity in the Boardroom: Leading the Digital Defence,” reframing cyber risk as a governance responsibility for directors rather than a purely technical matter for IT departments, including the obligations boards carry before and during a breach. She warned that a board that has never rehearsed a breach scenario risk freezing on the decisions that matter most while the clock is running and argued that strong oversight should be a standing agenda item, not an occasional briefing. The rise of agentic AI, she added, only sharpens the stakes, as systems that once merely recommended now act, at machine speed, with the authority organisations grant them. The forum also looked at how digital transformation is reshaping the justice system itself. Raihanah Abd Razak of the Attorney General’s Chambers of Malaysia presented “From Investigation to Prosecution: Enforcing Law in a Cyber-Enabled World,” examining how decisions made early in a digital investigation can determine whether evidence later holds up in court as emails, cloud records, access logs and messaging data increasingly become central to criminal and corporate cases. A further panel, “The Modern Legal Leader: Where Law, Risk, Compliance and Regulation Meet,” brought together Azreena Askalani of Bursa Malaysia, Jiwantti G. of YTL Communications and Syafiqah Abdul Razak of Atiqah Syafiqah & Associates, moderated by Rhaveena Shree Darhavyl of Iconix Property & Asset Management, on how legal, risk and compliance functions are converging — and why that convergence can be a competitive advantage as Malaysian companies expand across ASEAN’s varied regulatory landscapes.   A Platform Built for Succession Organisers deliberately opened the room beyond established professionals, reserving places for young lawyers, graduates and selected students alongside judges, arbitrators, general counsels, board directors, regulators and policymakers — institutions represented on the day included Maybank, Bursa Malaysia, the Attorney General’s Chambers, the High Court of Malaya, the Public Service Department and Asia Pacific University. WomenAtlas Media & Events, which describes itself as a women’s leadership platform connecting members with funding, opportunities and strategic networks through forums, summits and awards, positioned She Leads. She Defends. as its inaugural Law, Risk and Governance forum. With Malaysia’s regulatory environment around AI, Cybersecurity and Data Protection still being written, organisers framed the forum’s core message as a call for women across law, business and technology to help shape that rulebook — rather than simply operate within one built without them.  

ESG

AEON Delight Malaysia’s Spogomi 2026 Unites 52 Teams For A Cleaner, Greener Malaysia

AEON Delight (Malaysia) Sdn. Bhd. (“ADM”) successfully hosted SPOGOMI 2026 at Pantai Bagan Lalang, Selangor, bringing together 52 teams and 233 participants from AEON Group Malaysia, business partners, educational institutions and local communities in a unique environmental sporting event that combines competition, teamwork and environmental stewardship. More than 200 participants from 52 teams gathered at Pantai Bagan Lalang for SPOGOMI 2026. The event brought together participants from eight other companies within AEON Group Malaysia, alongside business partners, government agencies, educational institutions and local communities, reflecting a shared commitment to environmental sustainability and community engagement. The participating AEON Group companies included AEON Co. (M) Bhd., AEON Credit Service (M) Berhad, AEON BiG (M) Sdn. Bhd., AEON Bank (M) Berhad, AEON Fantasy (M) Sdn. Bhd., AEON Global Supply Chain Sdn. Bhd., AEON360 Sdn. Bhd. and AEON Insurance Brokers (M) Sdn. Bhd. The event also received valuable support and participation from business partners and supporting organisations, including Majlis Perbandaran Sepang, SWCorp Malaysia, MILO Malaysia, Sunshine Bakeries, IMEC Hygiene and Neutrovis. Students from Sekolah Menengah Hin Hua also participated alongside corporate teams, highlighting the importance of engaging younger generations in environmental conservation. The event exceeded its target by collecting 371.10kg of waste. ADM extends its utmost appreciation to the business partners, government agencies, educational institutions, community members and supporting organisations whose participation and contributions helped make SPOGOMI 2026 a meaningful and impactful community event. Building on the success of Malaysia’s inaugural SPOGOMI event organised by ADM in 2024, SPOGOMI 2026 further demonstrates the Company’s commitment to promoting environmental awareness and encouraging communities to take practical action towards cleaner and more sustainable public spaces. Originating in Japan, SPOGOMI combines the words “spo” for “sport” and “gomi” – the Japanese word for “trash” – transforming litter collection into a competitive team activity. Participants compete to collect and sort waste within a designated area and time limit, with points awarded according to the quantity and categories of waste collected. The format makes environmental conservation engaging, educational and impactful. During the competition, participants collected a total of 371.10 kilograms of waste, exceeding the event’s 100-kilogram target by 271.10 kilograms and achieving 3.7 times the original target. Compared with the approximately 74 kilograms collected during Malaysia’s inaugural SPOGOMI event in 2024, this represents approximately five times the amount of waste collected. The significant increase highlights growing awareness of environmental responsibility and demonstrates how collaboration among businesses, government agencies, educational institutions and local communities can contribute to cleaner and more sustainable public spaces. The competition concluded with an award presentation ceremony recognising teams that demonstrated outstanding performance in waste collection, sorting accuracy and teamwork. Shuji Gobara, Managing Director of AEON Delight (3rd from right), with ABM Team 7, the SPOGOMI 2026 Champions, ABM Team 7 emerged as the SPOGOMI 2026 Champion, followed by Green Sustain as Runner-Up and ABM Team 1 in Third Place. The Best Teamwork Award was presented to Hin Hua 6 while in recognition of the team’s exceptional teamwork, enthusiasm and commitment throughout the competition, while ABM Team 1 managed to win the Special Prize – Havoc Award in recognition of their spirited, enthusiastic and lively energy throughout the competition. The event was honoured by the attendance of Minister NIHEI Daisuke of the Embassy of Japan in Malaysia, together with representatives from Majlis Perbandaran Sepang and SWCorp, senior leaders from AEON Group Malaysia and representatives from participating organisations. Their presence underscored the growing support for environmental initiatives that strengthen community engagement and promote sustainable lifestyles. ADM’s first SPOGOMI event in Malaysia, held in 2024, brought together 150 participants across 27 teams and collected approximately 74 kilograms of waste. The substantial growth in participation, stakeholder support and waste collection in 2026 reflects increasing awareness of environmental responsibility and the positive momentum generated by the initiative. Through the continued organisation of SPOGOMI, ADM aims to encourage people from all walks of life to take practical action towards environmental conservation while strengthening collaboration among businesses, government agencies, educational institutions and local communities. ADM remains committed to contributing to safer, cleaner and more comfortable communities through its business activities and social initiatives, in line with its corporate philosophy of creating sustainable value for society.

ESG

The Business Behind The Symbols We See Everywhere

They hang outside government buildings, line streets during national celebrations and dominate the backdrop of major corporate events. We see them so often that we rarely stop to think about where they come from. Flags are everywhere. Managing Director of Star Light Flag Trading Sdn. Bhd – Annie Chia.   But behind every Jalur Gemilang flying correctly, every state flag displayed at an official function and every corporate flag carrying precisely the right colours is a business where details matter more than most people realise. For one Malaysian visual communication and flag solutions company, those details have become its speciality. Its business spans national and state flags, institutional flags, customised corporate designs, banners and large-format visual branding for government agencies, corporations, educational institutions, event organisers and consumers. At first glance, it is a business about producing flags. Look closer, and it is really a business about identity and representation.   Getting the Symbol Right A flag is unusual because its value is rarely determined by the material alone. What it represents matters considerably more. A national flag carries identity and pride. An institutional flag represents authority and belonging. A corporate flag can turn an otherwise anonymous venue into a branded environment before anybody has even walked through the door. That leaves surprisingly little room for getting things wrong. Colour needs to be consistent. Specifications matter. Materials need to suit their environment. Outdoor flags must withstand different conditions from those intended for ceremonial display, while event branding can require entirely different dimensions and finishes. Then there is time. An event does not wait because a supplier is running late. Neither does a national celebration or official ceremony. The company identified this problem early. While many businesses could produce similar products, consistency in colour, durability, turnaround time and service was not always guaranteed. That gap became an opportunity. Its ability to handle both standardised demand — including Malaysian and state flags — and highly customised branding requirements within one operation has allowed it to serve very different types of customers without treating every order the same way. Sometimes the requirement is thousands of standard flags. The next project might involve a bespoke corporate design needed urgently for an event. The product changes. The expectation does not. It has to arrive right.   A Physical Business in a Digital World There is an interesting contradiction in the company’s growth story. Branding has become overwhelmingly digital. Companies invest heavily in social media, websites, digital advertising and content designed to make themselves visible on screens. Yet physical visibility has not disappeared. Walk through a city during Merdeka month and the power of a physical symbol is obvious. Attend a major corporate event and branding occupies walls, entrances, stages and public spaces. Visit an institution and flags remain one of the clearest visual expressions of identity. The medium may be traditional. Customer expectations are anything but. Clients increasingly want faster turnaround, clearer communication, more customisation and seamless service. This has pushed the company beyond being purely production-focused towards becoming a broader visual branding solutions provider. And that transition is changing the business behind the scenes. As order volumes and project complexity increase, activities once managed directly require formal processes. Quality control must remain consistent. Teams need clearer responsibilities. Decisions have to move faster without creating mistakes. Leadership has consequently shifted from hands-on involvement towards SOP development, delegation, performance monitoring and stronger operating systems. It is the less glamorous side of scaling, but arguably the one that matters most.   Growth Without Losing Control The company is equally clear that more business does not automatically mean better business. It is deliberately avoiding uncontrolled expansion or projects that could compromise quality and responsiveness simply to increase short-term revenue. Instead, capital and resources are being directed towards production efficiency, supplier reliability, digital presence and customer experience. Sustainability is entering those decisions too. Over the past 12 to 18 months, the company has introduced more environmentally friendly production materials, including eco-friendly inks for selected products, despite the higher costs involved. For an SME, that trade-off is tangible. Higher input costs can directly affect margins. Yet the company believes responsible growth sometimes means accepting an immediate cost for a longer-term objective. Now it is preparing for a larger transformation. The next ambition is to move from an execution-driven operation into a more integrated branding solutions business, supported by automation, stronger digital customer engagement, talent development and potentially broader regional reach. That means building a company where growth is supported by systems rather than dependent on individual effort. For a business whose products are designed to make nations, institutions and brands instantly recognisable, there is a certain symmetry to the challenge ahead. For years, it has helped others display who they are. Now it is defining what it wants to become.  

Lifestyle

Ritelac Is Betting Consumers Won’t Choose Between Price And Quality

The supermarket aisle has become a place of calculation. Consumers are looking at prices more carefully, comparing what they get for what they pay and deciding which brands still deserve a place in the trolley. But being more careful with money does not necessarily mean wanting less. If anything, expectations have become tougher: make it affordable, but don’t make it feel cheap. Managing Director of Ritelac (M) Sdn Bhd – Sri Rishikheshen Murugan. That is the space Ritelac (M) Sdn Bhd wants to own. The Malaysian FMCG company specialises in dairy-based and chocolate products, including milk powders and chocolate beverages, distributed through supermarkets, hypermarkets, wholesalers and independent retailers. Yet its bigger proposition is not simply what it sells. It is the balance it is trying to strike between quality, accessibility and price. For Ritelac, that middle ground has become increasingly relevant. The company saw a market largely divided between premium-priced products and cheaper alternatives. Its answer was not to join a race to the lowest possible price, but to build products for consumers who wanted affordability without feeling they were surrendering quality, taste or nutritional value. Today, that proposition carries even greater weight. As household costs rise, value has taken on a different meaning. Consumers are not simply hunting for the cheapest option. They are scrutinising what their money actually buys. And that changes the game for brands.   Affordable Is No Longer Enough There was once a fairly straightforward formula for competing on value: lower the price and attract the buyer. Ritelac believes that formula is becoming less reliable. Modern consumers expect consistency. They want products that taste good, meet appropriate standards and remain reasonably priced. For everyday categories such as milk powder and chocolate beverages, earning a regular place in the household also depends on something less tangible: trust. Ritelac has therefore positioned its business around making quality nutrition more accessible while maintaining regulatory compliance, product consistency and supply reliability. Behind the consumer-facing products is another equally important audience — retailers, wholesalers and distributors. A product can only become part of everyday life if people can actually find it. That makes distribution a critical part of the company’s strategy. Ritelac has been expanding its retail footprint and strengthening partnerships that allow its products to reach consumers across Malaysia. But expansion creates its own pressure. More customers, more outlets and greater volumes mean more complicated inventory planning, supply chain management, compliance requirements and expectations. What can be controlled through direct oversight in a smaller operation becomes considerably harder as a business scales. Ritelac has responded by putting greater emphasis on systems, defined processes, data-driven decisions and accountability across the organisation. The shift is significant. Growth becomes less about how much a company can sell and more about whether the organisation behind those sales can keep up.   The Discipline to Say No Perhaps one of the more interesting elements of Ritelac’s strategy is what it chooses not to pursue. The company says it will not chase growth at the expense of quality or compete purely on price in a race to the bottom. Instead, opportunities are evaluated through a longer-term lens, from product development and pricing to partnerships and market expansion. That discipline may not be visible on a supermarket shelf, but Ritelac considers it one of its competitive strengths. The same thinking influenced a notable decision over the past 12 to 18 months: investing ahead of demand. Rather than waiting for expansion to stretch its operations before reacting, Ritelac allocated resources towards supply chain readiness, quality control and operational capabilities in parallel with growth. It meant accepting higher costs upfront before all the commercial returns had materialised. The logic was simple: growth should not move faster than the business supporting it. That philosophy is shaping what comes next. Ritelac wants to evolve from a growing Malaysian business into a recognised regional dairy and beverage brand. Doing so will require wider market reach, but internally it will also demand stronger leadership capabilities, more scalable systems, greater use of data and an organisation able to manage increasingly complex operations. It is an ambition built less around getting big quickly than getting the foundations right. Because in an increasingly crowded FMCG market, being affordable can get a product noticed. Being consistently good is what might get consumers to buy it again. And for Ritelac, that second purchase could matter far more than the first.

The Executives

AmanahRaya Appoints Mohd Iskandar Dzulkarnain As Group Managing Director

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) Managing Director Datuk Mohd Iskandar Dzulkarnain Ramli will resign from his position effective Sept 1, 2026, following his appointment as Group Managing Director of Amanah Raya Berhad. AmanahRaya REIT said the 42-year-old had served as Managing Director of AmanahRaya-Kenedix REIT Manager Sdn Bhd (AKRM), the manager of AmanahRaya REIT, since March 2025, after previously holding the position of Acting Managing Director. Group Managing Director of AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) – Datuk Mohd Iskandar Dzulkarnain Ramli. Iskandar brings extensive experience spanning internal audit, risk management, corporate strategy and financial planning, having built a diverse career across multiple industries and organisations. He began his career in May 2008 as an Internal Audit Executive at Sapura Crest Petroleum Berhad, before moving into risk management roles at Kumpulan Perangsang Selangor Berhad and companies within the Khazanah Nasional Berhad group. In 2014, he joined Bina Darulaman Berhad, where he led the Group Corporate Planning and Enterprise Risk Management Department. He was subsequently promoted to Chief Operating Officer in 2018, before taking on the role of Chief Corporate Officer/Executive Vice President 1 – Strategy, Finance and Corporate Services in 2020, reflecting a steady progression through increasingly senior leadership positions. He also previously served as Group Chief Corporate Services Officer at Amanah Raya Berhad, giving him prior familiarity with the organisation ahead of his new appointment as its Group Managing Director. During his tenure at AKRM, Iskandar was involved in driving corporate initiatives, strengthening regulatory compliance and enhancing the REIT manager’s market positioning, with a particular focus on growth, operational performance and long-term sustainability, contributing meaningfully to the REIT’s overall direction and strategic development. Iskandar holds a Bachelor of Accounting from the International Islamic University Malaysia and is a Certified Chartered Financial Modelling Professional. He is also a member of the Malaysian Association of Risk and Insurance Management, rounding out a professional profile well suited to his expanded leadership responsibilities at Amanah Raya Berhad.

Investment & Market Trends

RedPlanet Signs Underwriting Deal For ACE Market Listing Transfer

RedPlanet Bhd has signed an underwriting agreement with UOB Kay Hian (M) Sdn Bhd (UOBKH) for its proposed initial public offering (IPO) and transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd. RedPlanet is an enterprise information and communication technology (ICT) solutions provider specialising in geospatial and intelligent rail solutions. According to its prospectus, the IPO comprises a public issue of 70.0 million new shares, along with an offer for sale of 10 million existing shares by way of private placement to selected investors. From left: Panjetty Kumaradevan Senthil Kumar, Non-Independent Executive Director and CEO, GIS Group of RedPlanet; Lian Wah Seng, Non-Independent Executive Director and Managing Director; David Lim, CEO of UOB Kay Hian; and Winston Loh, Director of Corporate Finance. Of the new shares on offer, 20.54 million will be allocated to the Malaysian public, while 19.71 million will be reserved for eligible directors, employees and other individuals who have contributed to the success of RedPlanet and its subsidiaries. The company added that 11.52 million shares will be offered by way of private placement to selected investors, while 18.22 million shares will be offered to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI). “Pursuant to the underwriting agreement, UOBKH will underwrite 40.25 million issue shares of the company, comprising the shares made available for application by the Malaysian public and eligible persons,” the company said in a statement. Executive director and managing director Lian Wah Seng said the proposed IPO and transfer of listing are expected to enhance the company’s corporate profile, broaden investor participation and provide it with a stronger platform to pursue higher-value ICT projects, supporting its long-term growth strategy. Moving forward, RedPlanet intends to undertake more complex, higher-value ICT projects and expand its intelligent rail solutions offering to include central transmission system solutions. UOBKH is acting as the principal adviser, sponsor, underwriter and placement agent for RedPlanet.

Investment & Market Trends

VSTECS To Sell Stake In Isatec For RM49mil

Vstecs Bhd is proposing to dispose of its entire 40% stake in Isatec Sdn Bhd for RM48.75 million in cash, as the group seeks to monetise the investment and redeploy capital into its core businesses. The information and communications technology distributor said the proposed disposal, to Skyform Pte Ltd, a digital and artificial intelligence transformation services provider, is expected to be completed by the first quarter of 2027, subject to conditions outlined under the share purchase agreement. VSTECS Bhd CEO JH Soong. Upon completion of the transaction, Skyform will hold a 75% stake in Isatec, following its acquisition of Vstecs’ 40% interest, alongside an additional 35% stake to be acquired from Isatec’s management shareholders. Vstecs chief executive officer JH Soong said the proposed disposal would allow the group to crystallise the value it has built in Isatec over the past seven years, marking a significant milestone in the company’s investment journey. “Together with the dividends received from Isatec, we would have realised total cash returns of RM64.97 million, which is equivalent to approximately 3.46 times the original investment cost,” he said, underscoring the strong returns generated from the investment over its holding period. The proposed disposal reflects Vstecs’ broader strategy of actively managing its investment portfolio, allowing the group to unlock value from mature investments and channel the proceeds towards strengthening its core distribution and technology-related businesses going forward.

Energy & Technology

OGX Unit Named Distributor For Axtraction AI’s Enterprise Solutions

OGX Group Bhd said its wholly-owned subsidiary, OGX Networks Sdn Bhd, has been appointed the authorised distributor for Axtraction AI Sdn Bhd’s enterprise artificial intelligence platform-driven solutions in Malaysia. The company said the partnership covers the distribution of Axtraction AI’s core platform offerings, enabling organisations to analyse enterprise data, streamline operational processes, and support faster, more informed decision-making. The expansion into enterprise AI solutions is expected to strengthen OGX’s technology portfolio, complementing the company’s existing network, cybersecurity and enterprise data centre offerings. The addition of enterprise AI solutions is also expected to enhance OGX’s ability to support customers seeking greater workflow efficiency, improved operational visibility and more informed decision-making, as organisations continue to accelerate digital transformation and AI adoption initiatives. “We are pleased to partner with Axtraction AI as part of OGX’s continued efforts to strengthen our technology portfolio in line with evolving enterprise requirements. With organisations increasingly adopting enterprise-grade AI to improve workflows and decision-making, this partnership enhances our ability to support customers with practical AI capabilities built for complex operating environments,” said OGX executive director and managing director Tan Suan Loong.

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