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ESG

ESG Reporting Unlocks New Growth Opportunities For Malaysia’s IPO Market

Malaysia’s initial public offering (IPO) market is entering a new phase focused on strengthening environmental, social and governance (ESG) disclosures, as companies are now required to provide more detailed information on their sustainability performance. ESGpedia vice-president Josef Acabo said such information is becoming increasingly important to investors in making investment decisions. He said ESG reporting requires companies to disclose how they manage issues such as carbon emissions, energy use, environmental impact and other sustainability matters, alongside their financial performance. Citing Deloitte’s Southeast Asia Mid-Year IPO Snapshot 2026, he noted that Malaysia’s capital market remained strong, with 36 companies listed in the first half of 2026, raising US$1.34 billion. However, he said investors are also placing greater emphasis on the quality of companies’ ESG disclosures, particularly as Malaysia’s National Sustainability Reporting Framework (NSRF) has expanded to cover all Main Market issuers this year. “Newly listed companies will feel a short-term compliance adjustment, but the greater risk to momentum would be weak disclosure, which global funds would simply price as a discount. Incomplete disclosure is treated as unpriced risk, and investors price it,” he told Bernama. Acabo said companies that fail to provide sufficient ESG information could face higher financing costs, lower valuations and more scrutiny from investors before they decide to invest. Reporting requirements are set to become more demanding in 2027, when companies will be required to disclose more information on Scope 3 emissions, which refers to carbon emissions generated across a company’s supply chain. “For example, a manufacturer may know how much electricity and fuel it uses, but it may not have information on the emissions generated by its suppliers. These emissions form part of Scope 3,” he explained. He said Scope 3 emissions could account for between 70% and 90% of a company’s total carbon footprint, making suppliers a critical part of the reporting process. However, he cited a report from Eco-Business research showing that only 11% of Malaysian public-listed companies disclosed Scope 3 emissions in the 2023 reporting cycle, compared with 39% across the Asia-Pacific region. “This means the pressure will not only be on large listed companies. Their suppliers, including small and medium enterprises (SMEs), will also increasingly need to provide reliable information on their carbon emissions,” he said. Acabo added that many companies still collect ESG information manually, with data scattered across different spreadsheets, websites and subsidiaries, making it difficult to verify its accuracy. “The real shift required is towards continuous, digitalised carbon accounting rather than an annual reporting exercise,” he said. He urged companies and SMEs to begin collecting relevant data now, so the information can be properly checked and verified before the new requirements take effect.

Investment & Market Trends

Pioneer Heat Targets RM21.68mil Through IPO

Pioneer Heat Holdings Bhd (Pioneer Heat), a mechanical engineering services provider, is targeting to raise approximately RM21.68 million through an initial public offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on Sept 17, 2026. The IPO comprises a public issue of 86.70 million new ordinary shares and an offer for sale of 17.35 million existing ordinary shares, priced at 25 sen per share. Following its listing, Pioneer Heat is expected to command a market capitalisation of approximately RM86.73 million. Of the IPO proceeds, RM4 million will be used to set up a new headquarters in Sendayan, Negeri Sembilan, while RM2.07 million has been earmarked for a new office in Sarawak. A further RM4.01 million will go towards purchasing machinery and equipment, RM7.90 million will be allocated as working capital, and RM3.70 million will be used to cover estimated listing expenses. From left: Wong Wei Lieh, executive director of Pioneer Heat, Wong Wan Chin, independent non-executive chairperson, Wong Wei Ken, CEO and executive director, Lim Chia Wei, managing director of Malacca Securities, Law Kim Fatt, co-head of corporate finance, and Tan Sin Jiang, vice-president. Pioneer Heat chief executive officer and executive director Wong Wei Ken said the new Sendayan headquarters will serve as the group’s operational base to cater to customers in the Central region. The facility will house administrative offices, warehouses and workshops, while the Sarawak office will support pipe spool and pipe structure fabrication activities and provide additional storage capacity. “The group recently obtained a Petroleum Sarawak Bhd (Petros) registered vendor licence, which is seen as opening up a huge opportunity to participate in the oil and gas market in this region,” he said at a media briefing following the launch of the group’s prospectus today. Pioneer Heat’s IPO application opens today and will close on Sept 3, 2026, ahead of its shares being scheduled for listing on the ACE Market of Bursa Securities on Sept 17, 2026. Malacca Securities Sdn Bhd acted as the lead advisor, sponsor, underwriter and placement agent for the IPO. Pioneer Heat has been in operation since 1997, providing mechanical engineering services with expertise in piping systems, heat treatment, flange management and non-destructive testing (NDT). The group’s services span the entire life cycle of industrial plants, including new plant construction, maintenance, scheduled plant restoration, renovation and upgrade projects.

Energy & Technology

DPS Resources Partners With BBSB On Data Centre

DPS Resources Bhd says its wholly-owned subsidiary, Shantawood Sdn Bhd (SSB), is exploring a collaboration with BBSB Holdings Sdn Bhd for a phased approach to developing up to 89 megawatts (MW) of data centre capacity in Malaysia. Under the proposed agreement, BBSB, a wholly-owned subsidiary of Hong Kong-listed BBSB International Ltd, may participate as a strategic partner in the planning, development and utilisation of the data centre infrastructure to be built by SSB. This collaboration would include supporting the identification and coordination of potential users, tenants or capacity requirements, subject to further discussions and the execution of definitive agreements between the parties. DPS Resources group chairman and founder Tan Sri Sow Chin Chuan. In a statement, DPS Resources said the phased data centre capacity lease of up to 89MW will be rolled out across four distinct phases over the coming years. The target delivery schedule comprises 20MW in 2027 under Phase 1, followed by another 20MW in 2028 under Phase 2, a further 20MW in 2029 under Phase 3, and the final 29MW in 2030 under Phase 4. Beyond the initial 89MW rollout, the company said the parties may also explore further discussions on expanding the project to an aggregate capacity of up to 400MW, signalling significant long-term ambitions for the data centre development. DPS Resources group chairman and founder Tan Sri Sow Chin Chuan said the collaboration reflects the company’s strategy of leveraging its existing assets to capture opportunities in the growing digital infrastructure space. “As a landowner with existing factory rights and infrastructure development capabilities, DPS is focused on unlocking the long-term value of our assets through high-specification digital infrastructure,” he said. The proposed partnership underscores the growing interest among Malaysian companies in tapping into the region’s booming data centre industry, driven by rising demand for digital infrastructure to support cloud computing, artificial intelligence and other data-intensive applications across Southeast Asia.

Energy & Technology

EITA Secures RM62mil LRT Project

EITA Resources Bhd has accepted a letter of award from Prasarana Malaysia Bhd for the proposed upgrading of existing lifts and escalators at light rail transit (LRT) stations spanning from Gombak to Kelana Jaya, including the Subang Depot along the Kelana Jaya Line, in a contract worth RM62.3 million. In a filing with Bursa Malaysia, EITA Resources said the project is expected to be completed within 48 months from the date of commencement, or from the issuance of the notice to proceed, whichever comes first. The company noted that the board does not anticipate the award having any material impact on the group’s earnings for the financial year ending Sept 30, 2026, given the scale of the project relative to the group’s overall operations. “The company does not foresee any exceptional risk other than the operational risk associated with the award,” the filing added, suggesting that the project is expected to proceed within the normal course of the group’s business activities without introducing significant additional financial or operational exposure. The contract adds to EITA Resources’ portfolio of infrastructure-related projects, reinforcing the company’s presence in the maintenance and upgrading segment of Malaysia’s public transportation network. The upgrading works are expected to enhance passenger accessibility and improve the overall commuter experience along one of the Klang Valley’s key LRT corridors, which serves high traffic volumes on a daily basis.

Investment & Market Trends

Evocom Signs Underwriting Deal For IPO

Evocom Bhd and its subsidiaries (collectively, the Group) provide flexible staffing solutions and network support services for the ecommerce and logistics sectors, with the latter encompassing last-mile delivery, transhipment and parcel shipment activities. As part of its listing exercise, Evocom’s initial public offering (IPO) comprises a public issue of 113.91 million new ordinary shares, together with an offer for sale of 22 million existing ordinary shares by its shareholders. Of the new shares on offer, 22.78 million will be made available to the Malaysian public via balloting, providing retail investors with an opportunity to participate in the company’s listing. Meanwhile, a larger portion of 56.95 million shares has been allocated to approved bumiputra investors, to be identified by the Ministry of Investment, Trade and Industry (Miti), in line with the country’s equity ownership requirements. The remaining 34.17 million shares will be offered to selected investors, which typically include institutional and other strategic investors identified by the company and its advisers ahead of the listing. The IPO exercise underscores Evocom’s positioning within Malaysia’s growing ecommerce and logistics ecosystem, as the Group seeks to capitalise on rising demand for staffing flexibility and last-mile delivery infrastructure amid the continued expansion of online retail and parcel volumes in the region.

Energy & Technology

Malaysian AI Badminton Review System, Reveal Lens Makes International Debut

A Malaysian AI-powered instant review system (IRS), the world’s first for disputed badminton line calls, has moved from domestic tournaments to the international stage, making its debut at the Singapore International Challenge 2026. Known as Reveal Lens, the BWF approved technology developed by Revealtek Sdn Bhd was used at the Aug 18 to 23 tournament to review contested line calls. The Singapore outing puts the Malaysian developed system on an international platform as Revealtek looks to expand its use beyond the country, following deployments at several local tournaments. Co-founder and chief executive officer Nizam Mohamed said the technology demonstrated how AI could be used to enhance badminton officiating and match reviews. “It is more like the Video Assistant Referee (VAR) that is available in football and tennis. “It is very similar to it, but it goes ahead and gives a decision based on some calculations as opposed to just showing a video replay,” he told Bernama on Friday. He said Reveal Lens was designed with a wireless setup that can be installed within two hours, unlike more extensive systems that require substantial infrastructure and lengthy calibration. Reveal Lens, BWF-approved and world’s first IRS deployed at the Singapore International Challenge 2026.  The company is now looking at opportunities to bring the technology to other badminton markets, with organisers and associations in Vietnam and Indonesia having expressed interest following its local deployments. Nizam said Revealtek was also in discussions with continental confederations, with the aim of having the technology endorsed as a standard for use by their member associations. “We are also in discussions with the continental confederations. What we are trying to do is to make this a standard that they can endorse, so all member associations can use this technology as standard practice,” he said. Apart from instant reviews, Revealtek is developing an analytics module and a fully functioning line calling system that could perform the essential work of line judges during matches. “We are going to do the demo in an upcoming tournament in Australia in October,” he added. Nizam said the company also planned to broaden the application of AI and other locally developed technologies across the sports industry, while contributing to the growth of Malaysia’s sports technology ecosystem. ““We want to provide accurate and reliable technology at a more accessible cost, while meeting the different requirements of tournaments at various levels,” he said.  The Singapore deployment also drew strong interest from regional badminton associations, with discussions on potential collaboration and wider adoption of Reveal Lens across tournaments and institutions. Reveal Lens, BWF-approved IRS in action at the Singapore International Challenge 2026.  One of the event highlights was a special exhibition doubles match featuring Singapore’s Minister for Law Edwin Tong and Indonesian badminton legend and former Olympic gold medallist Hendra Setiawan against PT Djarum COO Victor Hartono and Commonwealth Games gold medallist Terry Hee

The Executives

Driving Workforce Adaptability In A Changing Economic Landscape

As businesses contend with fluctuating demand, evolving employment models and growing expectations around compliance, the ability to deploy the right people at the right time has become an increasingly important operational advantage. For Wikicareer, this changing environment has shaped its evolution from a traditional staffing business into a more structured flexible workforce platform. Established in 2014, Wikicareer initially focused on placing office staff and managers. In 2019, the company expanded into the gig economy, matching flexible workers with businesses across multiple employment levels. Operating under a full Ministry of Human Resources Malaysia licence and as an ecosystem partner of the Malaysia Digital Economy Corporation (MDEC) Sharing Economy initiative, Wikicareer has built its proposition around regulatory compliance, operational speed and the ability to manage scalable, mobile workforces.   Responding to a Different Way of Working Wikicareer sees its role as extending beyond filling vacancies. At its core, the company addresses the operational and financial friction that can emerge between businesses requiring flexible manpower and workers looking for accessible employment opportunities. For companies, workforce requirements can change quickly. Seasonal demand, project requirements and unexpected increases in volume can create an immediate need for additional manpower. Workers, meanwhile, increasingly expect fair compensation, timely payment and proper employment protection. Wikicareer positions itself between these needs, providing the structure required to make flexible employment work more effectively for both sides. The opportunity became particularly apparent in 2019. While Malaysia’s gig workforce was expanding, the sector remained relatively fragmented. Flexible workers could too easily be treated as short-term manpower rather than human capital requiring proper engagement, management and protection. As regulatory requirements and corporate expectations developed, businesses increasingly needed more than access to available workers. They needed assurance that workers were properly matched, engaged and managed within appropriate regulatory frameworks.   Building Structure Around Flexibility The challenge becomes greater as workforce numbers increase. For Wikicareer, managing turnover, daily attendance and responsiveness across multiple business units has become increasingly complex as its flexible talent pool has expanded. The company has responded by decentralising parts of its supervisory structure, giving ground coordinators greater authority to address issues as they arise. Live applications and automated data loops are also being used to identify operational bottlenecks and enable faster decisions. This forms part of what Wikicareer describes as an “Act First, Learn Fast” approach—allowing teams to test solutions, assess outcomes and make rapid, data-supported adjustments. Its strategic direction is similarly influenced by a “First Principles” mindset. Instead of automatically following conventional recruitment practices, the company examines workforce challenges from their fundamentals and considers how processes and technology can be redesigned. Increasingly, that means exploring artificial intelligence and smarter digital platforms to improve internal workflows, deployment and decision-making. Growth Beyond Headcount Despite operating in an industry where scale matters, Wikicareer does not define growth simply by the number of workers deployed or revenue generated. Its focus is on creating a scalable ecosystem in which workforce productivity and service reliability improve together. Matching accuracy, worker sustainability and the ability to deliver consistently are therefore important measures of progress. That philosophy has also made the company more selective about the business it pursues. Wikicareer deliberately avoids low-paying, short-term assignments and unvetted partnerships that may provide immediate revenue but potentially place unnecessary pressure on its workforce, operations or reputation. In a sector built around flexibility, the company believes long-term credibility requires knowing when not to pursue volume.   From Reactive to Predictive Technology is expected to play an even larger role in Wikicareer’s next phase. The company plans to deepen the integration of AI assistance and live enterprise resource planning data across its hiring and deployment ecosystem. Its ambition is to forecast labour requirements, identify operational patterns and automatically match gig associates with appropriate roles before workforce shortages develop into business bottlenecks. Such capabilities could shift workforce management from a largely reactive function towards a more predictive model. Preparing for that transition also requires changes internally. Wikicareer is developing a more data-driven workforce within its own organisation, ensuring employees can use technology to improve judgement and execution rather than simply treating digital platforms as administrative tools. A decade after starting with conventional staffing, Wikicareer is positioning itself for an employment landscape where flexibility is becoming increasingly embedded in how businesses operate. As that landscape continues to evolve, access to manpower alone is unlikely to be enough. Businesses will increasingly require workforce models that combine speed with accuracy, flexibility with compliance, and technology with effective human management. For Wikicareer, driving workforce adaptability means building the systems that allow businesses and workers to move with those changes—without losing the structure and trust needed to make flexibility sustainable.

Lifestyle

Chef One Zero One Sets Its Sights On Malaysia’s Growing Convenience Food Market

As changing lifestyles reshape the way Malaysians prepare and consume food, convenience is becoming an increasingly important part of the everyday kitchen. For Chef One Zero One Enterprise, the opportunity lies not simply in making cooking faster, but in ensuring that convenience still delivers the flavours, familiarity and quality consumers expect from a home-cooked meal. Founder & Co-Founder of Chef One Zero One Enterprise – Jackie Lee & Tony Loh. Established in 2022, the Malaysian food manufacturer specialises in ready-to-cook cooking pastes inspired by authentic local flavours. Its range includes Rendang Paste and Three-Flavour Paste, alongside other convenient cooking solutions developed for households, busy working adults and food service operators. The proposition is straightforward: reduce preparation time and make cooking more consistent without losing the character of Malaysian cuisine. It places Chef One Zero One in a segment that continues to evolve as consumers look for practical meal solutions that fit increasingly busy lifestyles. But with more products competing for attention, convenience alone is no longer enough.   Convenience Without the Compromise For Chef One Zero One, the business was built around a familiar consumer problem. Many people still want to prepare meals at home, but the time involved in sourcing ingredients, preparing spices and achieving consistent results can make everyday cooking difficult. This is particularly relevant for working adults and households balancing increasingly demanding schedules. Ready-to-cook pastes provide one solution, but Chef One Zero One believes consumers should not have to choose between speed and authenticity. Its products are therefore designed to simplify preparation while retaining the familiar taste profiles associated with Malaysian cooking. By reducing the number of steps required in the kitchen, the company aims to make home-style meals more accessible even when time is limited. This practical role is central to how the company views itself. Beyond manufacturing food products, it sees its business as helping consumers cook with greater ease and confidence. That distinction is becoming increasingly relevant as convenience continues to influence purchasing behaviour across the food sector.   Competing in a More Demanding Market When Chef One Zero One entered the market, it identified a gap between the convenience offered by many ready-made cooking products and the depth and consistency of flavour consumers expected. The opportunity was to bring the two together. Since then, however, the competitive landscape has continued to develop. Consumers today are paying greater attention not only to taste and convenience but also to ingredients, halal assurance, quality, packaging and the credibility of the brands they purchase. For manufacturers, this means the competitive benchmark continues to rise. A product must perform well in the kitchen, but the business behind it must also demonstrate reliability. Packaging needs to communicate effectively. Production must remain consistent. Compliance becomes increasingly important as distribution expands, while customer experience can determine whether a first-time buyer becomes a repeat customer. Chef One Zero One has responded by looking beyond product development alone. The company is working to improve its packaging, internal operations and overall customer experience while strengthening its position as a trusted Malaysian food brand.   Growth With Foundations Despite being a relatively young company, Chef One Zero One is already considering what will be required to move from an emerging food business into a more established participant within the halal food and FMCG market. Its strategy is deliberately measured. The company is strengthening its brand positioning and operational efficiency while pursuing new opportunities through business networking, expos and strategic collaborations. Rather than directing resources towards rapid expansion alone, it is prioritising areas that can support the business over a longer period. This reflects Chef One Zero One’s broader definition of growth. Sales remain important, but management does not regard volume as the only measure of progress. Brand credibility, operational stability, customer trust and the ability to generate sustainable business value are equally significant. As a result, the company is cautious about pursuing expansion faster than its operational capacity can support. For a young consumer brand, that discipline can be important. New distribution channels and increased market visibility can accelerate sales, but they can also expose weaknesses in production, quality control and internal systems. Chef One Zero One wants the infrastructure behind the brand to develop alongside the market in front of it.   The Reality of Scaling a Food Business As operations expand, maintaining consistency becomes more demanding. Production quality must remain reliable while documentation, compliance requirements and coordination across different areas of the business become increasingly complex. Chef One Zero One has found that this stage of growth requires greater structure and discipline than the earlier entrepreneurial phase of the company. Processes need to become more systematic. Planning becomes increasingly important. Decisions that may once have been made informally require clearer procedures as responsibilities and production demands increase. The company has consequently been strengthening internal workflows and adopting a more structured approach to operations management. This transition is particularly important in food manufacturing, where consistency is directly connected to consumer trust. A customer purchasing a familiar cooking paste expects the same flavour and experience each time. As production volumes grow, maintaining that reliability becomes both an operational challenge and a commercial necessity. For Chef One Zero One, scaling therefore means more than increasing output. It means developing an organisation capable of producing the same standard repeatedly as the business becomes larger.   Authenticity as a Competitive Advantage Within a crowded food market, Chef One Zero One continues to place authenticity at the centre of its proposition. The company’s focus is not simply on reproducing Malaysian flavours, but on ensuring those flavours remain practical for today’s consumer. That combination of authenticity and usability forms an important part of its competitive positioning. Behind the products, the company also places considerable emphasis on customer feedback, adaptability and relationship-building with clients and business partners. These may be less visible than packaging or product launches, but they contribute directly to repeat purchases and longer-term commercial relationships. For consumer brands, credibility is often accumulated gradually. Customers need to know

Investment & Market Trends

Ameen Products Looks Beyond Malaysia As Demand Grows

For more than four decades, Ameen Products Sdn Bhd has built its business around a relatively straightforward proposition: making affordable cordial beverages at a quality and scale that work for both households and commercial customers. Now, the Malaysian manufacturer is looking beyond its domestic base. Established in 1982, Ameen Products has grown from serving the local market to building distribution throughout Peninsular Malaysia, while gradually establishing an overseas presence. Its products are now reaching markets including Singapore, Bahrain, Jeddah, the United Arab Emirates, Fiji, Rwanda and Mali. Managing Director and Head of Ameen Products Sdn Bhd – Mohammed Irfan Amanulla Khan. The expansion comes as the company prepares for a new phase of growth — one that will require greater manufacturing capacity, stronger internal systems and an organisation capable of supporting a broader international footprint. For Ameen Products, however, the strategy is not to diversify away from the business it knows. Instead, it is doubling down on it.   A Business Built Around Value Under the Ameen brand, the company specialises in cordial drinks supplied through wholesalers, distributors, retailers and hypermarkets, as well as to food service operators and export customers. The product serves a practical market. For households, cordial provides an economical way to prepare beverages in larger quantities. The same economics matter even more for restaurants, caterers, institutions and other commercial operators that need to serve large numbers of people while keeping costs under control. That value proposition has remained remarkably consistent since Ameen Products began operating in 1982. At the time, the company identified growing demand for affordable beverage concentrates that could cater to larger households and commercial users. Providing consistent quality at a competitive price became an important part of the business. The market surrounding that proposition, however, has changed. Affordability remains important, particularly as consumers and businesses become increasingly conscious of costs, but purchasing decisions are no longer driven by price alone. Expectations surrounding food safety, manufacturing standards, quality assurance, product variety and healthier choices have become more pronounced. Ameen Products has consequently had to evolve the way it manufactures and develops its products while preserving the accessibility that helped establish the brand. It is a balancing act familiar to many long-established consumer businesses: modernise the company without losing the attributes that built its customer base in the first place.   Staying Close to the Core Ameen Products’ plans for expansion are relatively focused. The company has identified three priorities for its next phase: strengthening its existing cordial business, increasing production capacity and developing its presence in international markets. Rather than using growth as an opportunity to move into unrelated sectors, management intends to concentrate resources on the beverage category where the company already has decades of manufacturing and market experience. It is a deliberate decision. Growth, in Ameen’s view, should not be measured purely by higher sales volumes. A larger business also needs to be more resilient, sustainably profitable and supported by stronger relationships with customers and commercial partners. This thinking influences how the company allocates capital. Manufacturing efficiency, product quality, customer relationships and market expansion take priority because each contributes directly to the competitiveness of the core business. The approach may be less dramatic than aggressive diversification, but it reflects a longer-term view of where the company’s advantage lies. After more than 40 years in the same industry, Ameen has accumulated knowledge of its products, customers, suppliers and distribution channels that would be difficult to reproduce quickly. The opportunity now is to make that experience work across a larger market.   Scaling Brings a Different Set of Problems Expansion also changes the demands placed on a business. Processes that work effectively at one level of production do not necessarily translate smoothly when volumes increase, customer networks become larger and products travel into more markets. For Ameen Products, maintaining consistency across operations, product quality and customer service has become increasingly important as the organisation grows. Scaling therefore requires more than additional production. It means stronger systems, clearer processes and greater use of data to support decision-making. It also requires management to rethink how the organisation is led. As the business becomes larger, senior leaders cannot remain involved in every aspect of daily operations. Their role increasingly shifts towards building structures, developing teams and establishing the systems that allow decisions to be made effectively throughout the organisation. That transition will become particularly important if Ameen’s export business accelerates. International markets add another layer of complexity to manufacturing. Different customers and markets bring different requirements, while supply chains, logistics, quality controls and commercial relationships must all perform consistently across greater distances. Export growth is therefore as much an organisational challenge as it is a sales opportunity.   The Advantage That Does Not Appear on the Label One of Ameen Products’ more valuable assets is also among its least visible: the commercial relationships it has accumulated over decades. The company has longstanding ties with customers, distributors, suppliers and retail partners, with some relationships extending over many years. For a manufacturer, those relationships can become an important competitive advantage. Reliability matters when customers depend on consistent supply. Responsiveness matters when market conditions change. Operational flexibility matters when customers encounter unexpected demand or challenges of their own. Ameen believes its ability to deliver on these less visible aspects of the business has helped sustain relationships beyond individual transactions. The result is a degree of trust that cannot be created through marketing alone. It also provides a useful foundation as the company enters new markets. While price and product can secure an initial opportunity, maintaining international business over the longer term requires consistency behind the scenes.   Investing Before the Next Push Ameen Products is also taking a measured approach to the operational demands created by higher demand. Over the past 12 to 18 months, the company has prioritised improvements designed to increase manufacturing efficiency, optimise the use of resources, reduce waste and strengthen quality controls. Not every investment produces an immediate financial return. But for a manufacturer preparing

Investment & Market Trends

Malaysia-Hong Kong Dual IPO Framework Starts Next Month — Loke

The simplified dual initial public offering (IPO) listing framework between Malaysia and Hong Kong will take effect next month, strengthening capital market ties between the two economies. Transport Minister Anthony Loke Siew Fook said the framework was part of the latest efforts to deepen economic cooperation between Malaysia and Hong Kong. The framework follows a memorandum of understanding (MOU) signed by the Securities Commission Malaysia (SC) and Hong Kong’s Securities and Futures Commission on July 23. Loke said the MOU expands the mutual recognition of funds to include exchange-traded funds (ETFs) and real estate investment trusts (REITs), while also introducing the simplified dual IPO listing framework. Speaking at the opening of “Think Business, Think Hong Kong 2026” on Tuesday, Loke said Bursa Malaysia had also been recognised as a Recognised Stock Exchange by Hong Kong Exchanges and Clearing Ltd (HKEX). This allows public listed companies on Bursa Malaysia to apply for a secondary listing in Hong Kong, giving Malaysian companies greater access to Hong Kong investors and capital. Loke said the success of the framework would ultimately depend on companies and fund managers using the opportunities created by the new arrangements. He also highlighted the growing connectivity between Malaysia and Hong Kong, with Kuala Lumpur and Hong Kong less than four hours apart by air and sharing the same time zone. Cathay Pacific has added a fourth daily flight between Kuala Lumpur and Hong Kong since March, while Malaysia Airlines introduced direct flights from Kuala Lumpur to Shenzhen and Changsha in July, bringing its Greater China network to nine destinations. Loke said the strong logistics and financial capabilities of Hong Kong, combined with Malaysia’s growing electronics, semiconductor and other high-value exports, offer further opportunities for businesses in both markets. He encouraged businesses to take advantage of closer cooperation in capital markets, trade and investment to further strengthen economic ties between Malaysia and Hong Kong.

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