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Lifestyle

What It Takes To Make Tradition At Scale

Making a mooncake is one thing. Making thousands of them while ensuring that each delivers the same taste, texture and quality is an entirely different business. That difference sits at the heart of Lessie Food Industries Group Sdn Bhd’s evolution. Over more than a decade, the Malaysian food manufacturer has grown from a small family-based operation into a modern production business supplying distributors, wholesalers, food-service operators and brand owners across Malaysia. Its portfolio spans mooncakes and mooncake pastes, cookies, sauces, fruit fillings and jams — products that may be familiar and traditional, but increasingly require modern systems behind them. For Lessie, the challenge is no longer simply knowing how to make a good product. It is knowing how to reproduce that product consistently and efficiently as volumes, customers and expectations increase. That is where tradition meets the realities of scale.   The Business Behind the Taste Food manufacturing has become considerably more demanding. Consumers may judge a product primarily by taste, price and presentation. For the businesses buying from manufacturers, however, the requirements go much further. Consistency matters. So do food safety, reliability, responsiveness and the ability to fulfil increasingly complex requirements without compromising quality. Lessie believes this less visible side of manufacturing has become one of its most important strengths. “Food manufacturing is often viewed as a product-driven business, but we believe success depends on how consistently a company can deliver quality, reliability and responsiveness at scale,” the company says. Behind every mooncake, sauce or fruit filling is an interconnected system of formulation control, process management, quality assurance, supply-chain coordination and customer support. None of these is particularly visible once the product reaches the consumer. Yet together they determine whether a manufacturer can turn a successful recipe into a sustainable business. Lessie has consequently built a culture around continuous improvement and problem-solving. The objective is to respond quickly to customer requirements, customise products where necessary and maintain standards across an increasingly diverse portfolio.   Growth Without the Shortcuts That operational focus has also shaped the company’s definition of growth. For Lessie, selling more is important, but volume alone does not necessarily make a better business. Growth also needs to result in stronger internal capabilities, deeper customer relationships, opportunities for employees and a company capable of absorbing expansion without destabilising its operations. This distinction is particularly important in manufacturing, where rapid increases in orders can expose weaknesses that were less apparent at smaller volumes. Capacity can be added. Maintaining quality while that capacity increases is harder. Lessie’s strategy is therefore centred on three areas: operational excellence, product innovation and sustainable scalability. Major investments are considered against those priorities. New equipment, improvements to quality systems, product development and workforce capabilities must contribute to longer-term competitiveness rather than simply create an immediate increase in output. It is an approach that favours building the foundations for growth before pursuing growth itself.   Investing in What Customers Don’t See The same thinking is evident in Lessie’s approach to sustainability. Over the past 12 to 18 months, the company has prioritised investments in process efficiency and quality-management systems even where the returns may take longer to materialise. In manufacturing, sustainability is often found in relatively unglamorous decisions. Reducing waste, improving resource utilisation and designing more efficient processes can lower environmental impact while simultaneously strengthening the economics and resilience of a factory. For a food producer, stronger systems also contribute to another non-negotiable requirement: food safety. Lessie therefore does not regard sustainability as something separate from its core operations. It is increasingly embedded in decisions about how products are made, how resources are managed and how the company prepares itself for larger-scale production. The benefits may not always be immediately visible to consumers, but they matter to the long-term competitiveness of the business.   Becoming More Than a Family Operation Lessie’s next phase will require another evolution. The company wants to strengthen its position as a trusted Malaysian food brand and manufacturing partner while expanding its ability to serve a broader range of customers and markets. That will require more than additional machinery or factory capacity. Automation will become increasingly important. So will stronger management systems, talent development and higher food-safety and quality standards. As the company becomes larger, knowledge that may once have existed within a small group of experienced people must increasingly be translated into systems and processes that can be repeated across the organisation. It is one of the defining challenges for businesses that begin as family operations. Entrepreneurial instinct can build a company. Scale requires that instinct to become institutional knowledge. For Lessie, that means preserving what worked in the early business while becoming less dependent on the informal structures that were possible when it was smaller.   Making Tradition Repeatable There is an interesting tension at the centre of Lessie’s business. Many of the flavours it produces are rooted in familiarity and tradition. Yet delivering those flavours to a larger market requires increasingly sophisticated manufacturing. The recipe may remain familiar. Almost everything surrounding it — equipment, processes, quality controls, workforce capabilities and data — must continue to evolve. That is why Lessie’s ambition is not simply to become a bigger manufacturer. It wants to become a smarter and more resilient one, capable of increasing production and entering new markets without allowing consistency or quality to become casualties of expansion. For consumers, the result should ideally be almost invisible. A familiar mooncake should still taste familiar. A sauce should perform the way it did before. The experience should remain consistent even as thousands more units leave the production line. And perhaps that is the real test of making tradition at scale: everything behind the product can change, while what the customer loves about it does not.

Energy & Technology

What Happens When Cars Get Smarter

A modern car can tell you that something is wrong. The harder question is figuring out exactly what. As vehicles have become more sophisticated, the business of repairing them has changed with them. Electronics, sensors, control modules and increasingly complex engineering systems mean that a problem appearing in one part of a car may have originated somewhere else entirely. For drivers, that complexity creates a new kind of problem: uncertainty. What actually needs repairing? Does that component really need replacing? And can you trust the person giving you the answer? Volks Maniac Garage has built its business around solving precisely that. Founded in 2016 and incorporated as Volks Maniac Automobile Sdn. Bhd. in 2023, the Shah Alam-based specialist began with strong Volkswagen roots. Today, its work covers scheduled servicing, wear-and-tear repairs, major repairs, advanced diagnostics and performance solutions for German vehicles. Its customers come primarily from the Klang Valley, although some travel from other parts of Malaysia and even Singapore. What brings them there, however, is not simply the ability to repair a car. It is the ability to understand what is wrong with it first.   Diagnosis Before Replacement For decades, the image of a mechanic was largely mechanical: tools, engines, components and grease. That picture is becoming outdated. As vehicles become more technologically advanced, diagnostics have become a larger part of automotive expertise. Reading a fault code is one thing. Understanding what caused it—and whether replacing the obvious component will actually solve the problem—is another. Volks Maniac has made that distinction central to its approach. Rather than moving immediately towards replacing parts, the workshop places emphasis on identifying the root cause of a problem before recommending what should happen next. Just as important is explaining that diagnosis to the customer. It addresses a fundamental imbalance in automotive repair. Most drivers do not possess the technical knowledge to independently determine whether a proposed repair is necessary. They depend on the workshop not only for technical expertise, but for an honest interpretation of what their vehicle needs. In that environment, transparency becomes part of the product.   A Market Outside the Dealership When Volks Maniac started, the opportunity was closely connected to Volkswagen. There was demand for workshops capable of understanding the vehicles at a specialist level while providing owners with an alternative to the traditional dealership environment. The market has since widened. More owners of German and European vehicles are looking for independent specialists, but their expectations have also increased. They want technical capability, sophisticated diagnostics and accountability alongside the accessibility of an independent workshop. Volks Maniac is responding by evolving its positioning towards becoming a broader European Engineering Specialist. It is a significant transition. Specialisation helped establish the company’s reputation. Expansion now requires it to apply that credibility across a wider range of vehicles without becoming just another general workshop.   Can Trust Be Scaled? The bigger test will come as the company expands geographically. Volks Maniac wants to build a larger footprint across Malaysia, but opening new locations creates a problem familiar to many service businesses: physical expansion is easier than replicating expertise. A second or third workshop can carry the same signage. It can use the same equipment and offer the same services. But will a customer receive the same diagnosis, communication and technical standard? That is why the company’s current investments are focused as much on systems as expansion. Volks Maniac is strengthening its operating processes, workflows, team capabilities and internal structure so that its specialist approach can eventually be reproduced across multiple branches. It is also deliberately avoiding expansion that moves faster than those systems can support. That restraint may ultimately matter more than speed.   The Workshop of the Future Volks Maniac’s next chapter will take it further from its original Volkswagen identity while retaining the specialist culture that built the business. Its ambition is broader German and European vehicle coverage, a stronger Malaysian footprint and an organisation capable of delivering consistent technical standards wherever its name appears. The opportunity is growing because cars themselves are changing. As vehicles become smarter, repairing them will demand more than the ability to replace a failed component. Workshops will increasingly need to interpret complex systems, identify the real source of problems and explain those findings to owners who may understand less and less about what is happening beneath the bonnet. Technology may make the car smarter. But it also makes the person diagnosing it more important.  

Energy & Technology

UAE Tycoon Al Ashram, MTN Agree To Build AI Data Centres In Africa

MTN Group Ltd, Africa’s largest mobile-phone operator, and Dubai-based tycoon Tarek Al Ashram will jointly develop data centres to power artificial intelligence on the continent. Al Ashram, who is also the co-founder of KKR & Co-backed Gulf Data Hub, will use his own investment firm to back the new venture, named Africa Data Hub Holding Ltd, he said in response to queries. “We see significant potential to bring our experience in developing and operating large-scale data centre platforms to African markets,” Al Ashram said, adding that Africa Data Hub will “help shape that growth.” While Africa has the fastest-growing and youngest population in the world, it has fallen behind in the global race to build out local AI capacity. Hyper-scalers including Microsoft Corp, Alibaba Group Holding Ltd and Amazon.com Inc already offer cloud services in Africa, but the continent still accounts for less than 1% of the world’s AI data centre capacity, according to World Economic Forum data. Although large-scale AI data centres — including a one-gigawatt facility planned by Microsoft and G42 in Kenya — have so far not materialised, Al Ashram said he sees growing demand for data centres across the continent. Africa now presents a “similarly compelling opportunity, driven by strong underlying demand, rapidly expanding digital economies and an increasing need for resilient and scalable infrastructure,” to what the Middle East has experienced over the years, Al Ashram said. For MTN, which operates across 16 African markets, AI forms part of a broader strategy to generate future revenue streams. Telecommunications companies globally are investing in data centres to help meet growing consumer and enterprise demand for AI, while also capturing a share of the income stream generated by hyper-scalers. “The approach that we are taking on the building of our AI business is to partner with third parties, and the entity that we are partnering with has built data centres in the UAE,” MTN chief executive Ralph Mupita said at an event on Tuesday. “We are taking a phased approach and will start building out 150 megawatts of AI data centre capacity.” The venture plans to build facilities in Nigeria and South Africa to process MTN’s own workflows, while also renting out capacity to hyper-scalers, other enterprise businesses and governments, which are increasingly seeking greater sovereignty over their data sets, Mupita said. MTN has been purchasing land and negotiating power agreements to ensure it can carry out a multiple-phased buildout of AI data centres across the continent, Mupita added.

Property

Matrix Concepts Targets RM1.8b Property Sales For FY2027 Amid Expansion

Matrix Concepts Holdings Bhd is targeting RM1.8 billion in new property sales for the financial year ending March 31, 2027 (FY2027), according to a press statement on Thursday. The property developer said the sales target represents a step up from the record RM1.5 billion achieved in FY2026, supported by RM2 billion worth of planned new project launches across Negeri Sembilan, the Klang Valley and Johor. In the first quarter ended June 30, 2026 (1QFY2027), group revenue grew 11% year-on-year to RM315.6 million, while new property sales rose 9.2% to RM416.7 million. As at June 30, 2026, unbilled sales stood at RM1.5 billion, providing earnings visibility over the next 15 to 18 months. “As we celebrate our 30th anniversary, FY2027 marks an important milestone in Matrix Concepts’ growth journey,” said chairman Datuk Mohamad Haslah Mohamad Amin. “Over the past several years, we have broadened our geographical footprint, enhanced our development capabilities and integrated complementary businesses around our core property operations,” he added. Mohamad Haslah said the group’s confidence is underpinned by its development pipeline and growing contributions from new and recurring income streams, as it moves towards the upper tier of Malaysia’s property development industry. Its Sendayan developments in Negeri Sembilan remain the group’s largest revenue contributor, supported by take-up rates exceeding 80%. Meanwhile, MVV City — a 2,382-acre integrated development jointly developed with the Negeri Sembilan government, with an estimated gross development value of RM15 billion — serves as a key catalyst for future growth. Initial focus will centre on its industrial precinct, MVV TechValley, before expanding into residential and commercial components. Outside Negeri Sembilan, the group is expanding its presence in the Klang Valley across Puchong, Kota Warisan, Sepang and Banting, a push that is projected to contribute 20% to 25% of group sales over time. Over the longer term, revenue contributions from outside Negeri Sembilan are expected to exceed 30%. Matrix Concepts is also widening its earnings base through recurring income initiatives, including its M333 St Kilda build-to-rent asset in Melbourne, Australia, which generates approximately A$2 million (RM5.83 million) in annual profit before tax. Non-property operations also include hospitality, education and healthcare initiatives, such as the planned Matrix Medical Centre Sendayan in 2027 and a 130-bed nursing care centre. For 1QFY2027, the group declared a first interim dividend of 1.40 sen per share, amounting to a total payout of RM26.3 million.

Investment & Market Trends

Apparel Retailer EMPG Gets Bursa Nod For ACE Market Listing

Apparel retailer EMPG Group Bhd has received approval-in-principle from Bursa Malaysia for its proposed listing on the ACE Market. The approval marks another step forward for the company’s initial public offering (IPO), EMPG managing director Loh Tau Sing said in a statement. No timeline for the IPO was disclosed, though the company will need to complete its listing within six months of approval. “The IPO will support the next phase of our growth as we accelerate the expansion of our retail network, further strengthen our multi-brands positioning, enhance our operational and logistics infrastructure and continue to broaden our product offerings,” Loh said. Based in Kedah, EMPG is primarily involved in the retail and wholesale of apparel for men, women and children. Its portfolio includes in-house brands such as Exhaust, Idexer, Silverland, Brittania and Ventine, alongside licensed brands Hummer and Pierre Cardin. EMPG’s retail network comprises consignment counters across Malaysia, stand-alone outlets in the Klang Valley, and e-commerce platforms. Proceeds from the IPO have been earmarked for the expansion of its retail network, with plans to open 100 new consignment counters and 15 boutiques within 24 months of its listing. The remainder of the proceeds will be used for working capital and to cover listing expenses. Loh and Datuk Lee Leong Hock, a co-founder and the company’s deputy chairman, are cashing out part of their stakes in EMPG through an offer for sale under the IPO. Berjaya Securities is acting as the principal adviser, sponsor, underwriter and placement agent for the IPO, while Wyncorp Advisory is serving as the corporate finance adviser.

ESG

Can A Food Brand Scale Without Compromise?

Walk through a supermarket today and almost everything seems to promise something. Natural. Wholesome. Clean. Better for you. Turn the package around, however, and the story can become considerably more complicated. Chief of Inspirations, Chief of Creations and Chief of Growth of Love Earth Organic – Samantha Ma, Jason Leong and Natasha Mah. Love Earth Organic was founded in 2011 around a deceptively simple idea: eating well should not require consumers to become food scientists. Fifteen years later, that belief has grown into a Malaysian organic and natural food business with more than 180 products, 4,600 retail touchpoints and a presence in 15 countries. Its products span superfoods, nuts, seeds, snacks, seasonings and breakfast cereals to nutrition for babies and mothers. The company says one Love Earth product is now sold every 10 seconds. Yet the philosophy behind those numbers can be reduced to four words: “We sell what we eat.” For Love Earth, that sentence has become less a slogan than a test.   Making Organic Ordinary When Love Earth entered the market, organic food in Malaysia occupied a very different space. It was expensive, relatively niche and frequently confined to specialist retailers. Healthy eating could feel less like an everyday choice than membership in an exclusive club. Love Earth saw an opportunity not simply to sell more organic products, but to make them approachable. The customer it had in mind was not an abstract wellness consumer. It was the working parent shopping for a family, the young couple trying to eat better, or anyone wanting cleaner ingredients without dramatically changing the way they lived—or spent. That proposition has become more relevant as consumers pay closer attention to labels and ingredients. Awareness has increased, but Love Earth argues that information is useful only when consumers have practical alternatives they can afford and understand. Its answer has been to bring natural and organic food closer to the everyday Malaysian pantry.   Why Control Matters Eight years ago, the company made a decision that changed the economics—and responsibility—behind that promise: it began building its own manufacturing capability. The logic was control. If a brand promises consumers uncompromising quality, relying entirely on others to produce its food eventually creates a limit to how much of that promise it can personally guarantee. Now Love Earth is taking that strategy further. Its first owned factory in Rawang is targeted for 2027, with the company working towards production-level organic certification and greater proprietary formulation capability. The investment is part of a broader shift towards what Love Earth describes as “depth before breadth.” After building a portfolio across multiple food categories, the next stage is less about adding products for the sake of expansion and more about deepening the relationship consumers have with the brand. That discipline means sometimes saying no. Love Earth says it has rejected formulations that would have lowered costs but compromised its standards, as well as distribution opportunities that offered greater reach at the expense of its positioning. It has consistently recorded year-on-year growth of more than 20%, but management argues that the more revealing measure is whether families continue choosing the brand. Its five-year ambition reflects that thinking: 30 million healthier choices made.   When Founders Have to Let Go Growth has created another challenge: how to preserve conviction when the founders can no longer personally oversee everything. Love Earth now employs more than 130 people. Its co-founders have had to move from operators to executives, while developing a middle-management structure capable of carrying the business forward. Processes that worked for 10 people no longer work for 50. Structures built for 50 have to change again at 130. The company has introduced structured SOPs and quarterly OKRs, embraced AI across functions and moved towards greater employee empowerment and flexible working arrangements. The difficult part is ensuring systems scale without allowing the original purpose to disappear inside them.   From Organic Food to Health Brand Love Earth’s next ambition is larger than food. It wants to become Malaysia’s most trusted health brand, building a relationship with families that extends across different stages of their wellness journey. International expansion into Europe and the Middle East forms part of that plan, alongside B Corp certification, ISO-grade management systems and a stated goal of PLC-readiness by 2028. These are significant ambitions for a company that began by trying to make organic food less intimidating. But perhaps the most difficult target is also the least measurable. Fifteen years from now, Love Earth wants consumers opening one of its products to recognise the same promise that started the company in 2011. Because products can multiply. Factories can grow. Markets can expand. Trust is much harder to manufacture.  

Property

Axis-REIT Acquires Three Klang Facilities For RM61Mil

Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Bhd, has entered into a sale and purchase agreement with Megalift Sdn Bhd to acquire three adjoining warehouse facilities located in Taman Perindustrian Pulau Indah, Klang, for a total cash consideration of RM61 million. In a statement, Axis-REIT said the proposed acquisition comprises three adjoining parcels of leasehold industrial land, with a total land area of 29,101.59 sq m, on which three blocks of warehouses, including ancillary buildings, have been erected. “The property is currently fully owner-occupied by Megalift and utilised for warehousing operations,” the statement said. Upon completion of the acquisition, which is targeted for the first quarter of 2027, Megalift will lease back the property under a five-year leaseback arrangement, providing Axis-REIT with an initial monthly rental of RM316,826.90. This rental amount is subject to step-up increases over the course of the lease period. The proposed acquisition will be funded through Axis-REIT’s existing bank facilities and is expected to raise the trust’s financing ratio to approximately 33.12% of its audited total assets as at Dec 31, 2025. Commenting on the proposed acquisition, Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May said the deal further emphasises the trust’s strategy of expanding its portfolio through industrial assets situated in prominent locations. “The property is located within Taman Perindustrian Pulau Indah, an important industrial hub within Port Klang with access to major highways. These include the Pulau Indah Highway, New Klang Valley Expressway, Shah Alam Expressway, South Klang Valley Expressway and North-South Expressway,” she said. She added that the property’s close proximity to Northport, Westport and Southport — key shipping terminals serving Port Klang — further supports its strategic role in supply chain and distribution operations, reinforcing the appeal of the asset within Axis-REIT’s broader industrial portfolio strategy.

Energy & Technology

MCE Bags RM54.28mil Contract From Perodua

MCE Holdings Bhd has secured RM54.28 million in 40-month supply contracts from Perodua to provide various automotive electronics and mechatronic components, including audio display, reverse camera and advanced driver assistance systems (ADAS)-related components for an internal combustion engine (ICE) model. In a statement, MCE said the project marks the company’s first vehicle audio display and ADAS-related components project for an ICE vehicle, building on its existing capabilities in infotainment systems for electric vehicles and further broadening its portfolio of higher-value components and systems. “The contracts were awarded to MCE’s wholly-owned subsidiary, Multi-Code Electronics Industries (M) Bhd, with production slated to begin in the fourth quarter of the financial year ending July 31, 2027,” the statement said. Production will be carried out at the group’s newly launched MCE Auto Hub in Serendah, Selangor, with an estimated total investment cost of RM4.95 million, marking a significant expansion of the company’s manufacturing capabilities to support this latest contract win. The contract award represents a strategic milestone for MCE as it continues to diversify beyond its traditional strength in electric vehicle infotainment systems, positioning the company to capture a broader share of the automotive electronics market by extending its expertise into internal combustion engine vehicles as well. This move aligns with the group’s broader strategy of expanding its product offerings and strengthening its position as a key supplier within Malaysia’s growing automotive components industry.

Property

FBG Holdings Seeks To End Medicity Collaboration With PDC

FBG Holdings Bhd is seeking to end its collaboration with Penang Development Corporation (PDC) on the proposed MediCity joint development project in Batu Kawan, Penang. In a filing with Bursa Malaysia today, FBG said its wholly owned subsidiary, FBG Land Sdn Bhd (FBL), had written to PDC on Aug 21, 2026, regarding the Master Purchase and Development Agreement (PDA) previously entered into by FBG, FBL and PDC for the project. “FBG is proposing that the parties discuss an orderly conclusion of the existing collaboration under the PDA,” the company said in the filing. The construction and property development group said discussions between FBL and PDC on the proposed cessation are currently ongoing, adding that further announcements would be made upon any material development, or once the parties reach an agreement on the terms and conditions surrounding the termination of the collaboration. FBG and FBL had originally entered into the PDA with PDC on Jan 20, 2025, laying the groundwork for what was envisioned as a significant healthcare and mixed-use development in the region. Under the agreement, FBG had anticipated that the first phase of the Penang Medi-City project would carry a gross development value (GDV) of RM2 billion, positioning it as a major project within the group’s development pipeline. About 30% of the phase one development was planned to comprise medical components, including a 200-bed specialist hospital, a wellness centre, and a healthcare complex, reflecting the project’s original ambition to establish a comprehensive medical hub within Penang. Phase one was also expected to include the construction of FBG Global Park, which was intended to serve as a commercial area, alongside an international school and residential components comprising serviced apartments and villas, rounding out what was envisioned as an integrated township development combining healthcare, education, commerce and residential living. The proposed cessation of the collaboration raises questions over the future direction of the MediCity project and what it could mean for FBG’s broader development plans in the Batu Kawan area moving forward.

Investment & Market Trends

Sunway Construction Wins RM1.04b Contracts From US Tech Firm

Sunway Construction Group Bhd has secured RM1.04 billion worth of orders to provide mechanical, electrical and plumbing fit-out works for two projects awarded by a multinational technology company based in the United States. The works are scheduled to commence immediately and be completed by March 2028, Sunway Construction said in a bourse filing, adding that the letter of award received on Friday also serves as the notice to commence works. The identity of the client was not disclosed, nor was the exact location of the projects, leaving some details of the contracts undisclosed for now. The latest award raises Sunway Construction’s new order wins for the financial year ending March 31, 2027 (FY2027) to RM6.85 billion, reflecting continued strong demand for the company’s construction and engineering services. The builder reported a 56.4% year-on-year jump in its first-quarter net profit, despite lower revenue, as it executed higher-margin, specialised projects, combined with a rebound in its precast concrete segment. Net profit for the quarter ended March 31, 2026 (1QFY2026) rose to RM118.41 million, up from RM75.72 million in 1QFY2025, underscoring the company’s ability to improve profitability even amid softer top-line performance. Shares of Sunway Construction closed 25 sen, or 3.07%, lower at RM7.90 on Friday. Despite the day’s decline, the stock remains up 38.84% for the year, giving the company a market capitalisation of RM10.5 billion.

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