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Energy & Technology

N&E Innovations Raises $1.7M To Turn Cashew Waste Into Food Protection

Singapore-based deeptech startup N&E Innovations has raised around $1.7 million in Series A funding to develop solutions that help keep fresh produce and food products from spoiling. The round was led by Australian agrifood investor Tundra Capital, with SGInnovate, The Radical Fund, Archipelago VC and SG7 Group also participating. Existing investors Cercano, SEEDS Capital, Elev8 Capital and Qian Hu Corporation joined the round as well. Didi Gan is a Singaporean biomedical scientist and entrepreneur who founded N&E Innovations to turn agricultural food waste into sustainable antimicrobial technology. The company uses waste from cashew processing to develop ViKANG99, an ingredient designed to slow the growth of bacteria and mould. It can be used to produce protection, packaging and hygiene products. “Food waste is usually seen as something we need to get rid of. We see it as a resource,” said founder Didi Gan. “We can take something like a discarded cashew nut husk, extract the compounds that naturally fight microbes and turn them into an ingredient that can help protect food.” Founded in 2020 by biomedical scientist Didi Gan, N&E Innovations has developed ViKANG99, a patented edible antimicrobial ingredient made from agricultural waste, including discarded cashew nut husks. The ingredient helps slow the growth of bacteria and mould and can help fresh produce stay fresh for up to four times longer. N&E Innovations uses agricultural waste to produce ViKANG99, a food-grade ingredient containing natural antimicrobial compounds designed to slow the growth of bacteria and mould. It can be incorporated into food packaging and various other products. One of the company’s products is The Orange Wrap, which it describes as an antibacterial cling wrap. Unlike regular cling film, it uses ViKANG99 to help reduce microbial growth on food surfaces. The technology could help reduce food spoilage, particularly in markets where temperature-controlled supply chains are not always consistent. It could also help extend the shelf life of fresh produce and reduce food waste more broadly.

Lifestyle

Can We Hack Ageing? Creators Circle By LOL Asia Puts Longevity And Lifestyle In The Spotlight

What if ageing isn’t something we simply have to accept—but a self-care discipline we can understand, influence and experience differently? That was the conversation at the latest Creators Circle, “Can We Hack Ageing? What Men & Women Need To Know About Living Better, Longer,” held on 23 September at 21 Rooftop Bar, Hyatt Centric Kuala Lumpur. Moderated by Dr Aiesha Asmadi, Sports & Exercise Medicine Doctor (also Co-Founder, ThrivePlay), the intimate conversation brought together Dr Iman Thalia, Medical Doctor and Co-Founder of The Longevity Lounge, and Kit Mah, Founder of Healthspan and NFM Practitioner, for a candid exploration of longevity, healthspan, peak performance and the lifestyle choices that can shape how we age. Rather than approaching ageing purely as a medical conversation, the evening looked at the bigger picture — how we move, sleep, recover, eat, manage our metabolic health and ultimately maintain the energy and capability to keep doing the things we love. “The conversation around ageing needs to change. It’s not simply about adding years to our lives; it’s about making those years healthier, more active and more meaningful,” shared Dr Aiesha Asmadi. “Longevity medicine is an incredibly exciting and rapidly evolving space, and we should remain open-minded about innovation. At the same time, the evidence behind different interventions varies considerably. Peptides are a good example — there is promising science, but it is also a highly unregulated space, and some of the claims being made have moved ahead of robust human evidence. Promising does not necessarily mean proven. We can embrace innovation without abandoning evidence-based medicine,” she elaborated. For Dr Iman Thalia, longevity doesn’t have to become another complicated wellness obsession. It starts with understanding the body and making better, sustainable choices. She brought critical clarity to female longevity, emphasising that effective health optimization starts with precision data. “While wearable tech is everywhere, few women know how to translate those metrics into meaningful action. As women navigate perimenopause, shifting hormones profoundly impact sleep, body composition, muscle retention, cognitive function, libido, and metabolic health. Unlocking peak vitality through this transition isn’t about generic wellness trends—it requires a tailored, data-first approach rooted in baseline bloodwork and everyday lifestyle metrics,” she added. FROM HEALTHSPAN TO PEAKSPAN But one of the most interesting ideas to emerge from the conversation was the shift from simply asking how long we live to asking how long we can maintain our peak. For Kit Mah, the next evolution of the longevity conversation is Peakspan — maintaining peak health and performance for as long as possible. “For me, longevity is not simply about extending lifespan — it is about maintaining your peak for as long as possible. I call that ‘Peakspan,’” shared Kit Mah, Founder of Healthspan & NFM Practitioner. “To achieve Peakspan, we first have to master the basics of health before we start talking about peak performance. Sleep, nutrition, metabolic health, movement and recovery are the foundations. Once those basics are mastered, we can begin to customise them to an elite level — much like an athlete would. The exciting part is that much of this can be achieved naturally, by understanding your own body and building a health and performance strategy around it,” he advocated. The idea of Peakspan added another dimension to the evening’s conversation: that healthy ageing isn’t necessarily about trying to turn back the clock, but about maintaining strength, energy, mobility, recovery and performance for as long as possible. And importantly, it begins with mastering the basics. Sleep. Nutrition. Metabolic health. Movement. Recovery. Then comes optimisation. That thinking sits comfortably within the wider philosophy behind ThrivePlay (and ThriveFest to be held in 2027) — that wellness should not feel like punishment, restriction or an endless pursuit of perfection. It should be about building the physical and mental capacity to live, move, play, work, travel and experience life better. Together, the speakers reflected a more nuanced evolution of longevity: men and women may experience ageing differently; living longer is only part of the goal; and the emerging ambition may be to extend not only lifespan and healthspan, but our “peakspan” — while remaining scientifically rigorous about the interventions we use along the way. Creators Circle continues to create space for conversations that sit at the intersection of health, lifestyle, culture, business and the future — bringing together people from different disciplines to question how we want to live, work and age. And perhaps that is what made the conversation particularly relevant. Because ageing is not a niche wellness conversation. It is everyone’s conversation. The evening was supported by Ice Power and The Exchange Asia, and hosted at Hyatt Centric Kuala Lumpur, bringing together a curated community of creators, founders, entrepreneurs and cultural leaders for an intimate conversation around one of life’s most universal experiences.

Energy & Technology

GoodARCH Invests RM1 Million In AI Foot Mapping, Expands To Malaysia

GoodARCH has invested nearly RM1 million (approximately NT$7 million) to develop an artificial intelligence (AI) powered foot mapping system that can generate a personalised foot assessment in about five minutes. The launch taps into a preventive health market that is gaining ground in Malaysia, where up to 75% of people are expected to experience a foot problem in their lifetime. GoodARCH’s AI-customised insoles featuring a patented multi-layer design for targeted foot support and improved comfort. The Asian arch support brand, operated by Homeway Technology, is introducing the technology in Malaysia as part of its expansion into preventive health solutions, with the system currently available at several locations, including its headquarters along Jalan Ampang in Kuala Lumpur, as well as in Penang, Batu Pahat, and Johor Bahru. GoodARCH aims to work with local health management providers as it expands its presence, encouraging earlier health awareness and more proactive approaches to health management across the country.  GoodARCH Founder Dr Hsieh Chin-Hsing. To date, their technology has supported foot structure assessments for more than 300,000 users. Each assessment is paired with a GoodARCH Far-Infrared Arch Support insole, built for stability and shock absorption. GoodARCH Chairman Hsieh Ming-Chia said the latest technology builds on the company’s two decades of work in foot health. “GoodARCH has continued to invest in foot health technology and research, evolving from infrared-based arch support solutions to graphene technology, proprietary Torsion Field Energy (TFE) technology, and now AI-powered digital foot mapping,” he said. GoodARCH Chairman Hsieh Ming-Chia. He said the company would continue to explore technology that could make health assessment simpler and more practical for consumers, helping them better understand their health and identify potential concerns earlier. Developed over 12 months by an 11-member team spanning medical engineering, business, and edge computing, the technology helps users understand their foot structure and identify potential arch imbalances earlier. Dr Hsieh Chin-Hsing, Founder of GoodARCH, said the shift toward AI reflects a broader effort to get ahead of foot problems before they become disruptive. “Many people only start paying attention to their feet when pain or difficulty walking begins to affect daily life. AI gives us an opportunity to change that by making foot assessment a simpler first step toward greater awareness and earlier action,” he said. Foot Health a Growing Concern Among Malaysians A study of 190 students conducted by the International Islamic University Malaysia (IIUM) found that 26.3% had flat feet, a condition that may also affect urban working adults who spend long hours sitting or standing at work. The foot arch plays a key role in supporting body weight and maintaining balance, and data published by the Ministry of Health (MOH) Malaysia and the Malaysian Orthopaedic Association (MOA) show that 30% to 40% of Malaysians aged 60 and above suffer from knee osteoarthritis [2], a condition linked to long-term arch abnormalities such as flat feet. Broader Push into Preventive Health Beyond foot assessment, GoodARCH has extended its TFE and graphene technology into Health Rhythm, a physiotherapeutic recliner offering a passive routine for circulation and sleep. GoodARCH’s core technologies have obtained medical device approvals and National Quality Award (SNQ) certification in Taiwan, along with patents in Malaysia, Mainland China, Hong Kong, South Korea, the Philippines, Thailand, and Indonesia. AI-powered foot analysis, from foot impression capture to personalised health report.  

Investment & Market Trends

CapitaLand Targets US$500 Million For Third Asian Credit Fund

Singapore’s CapitaLand Investment Ltd is targeting US$500 million in commitments from investors for its third Asia-Pacific credit programme, according to people familiar with the matter. The latest fundraising effort by the Temasek Holdings Pte Ltd-controlled asset manager comes months after it secured US$320 million for its second vehicle, ACP II, which added approximately US$600 million to its funds under management. According to the people, who spoke on condition of anonymity as the matter is private, ACP III will continue the focus of its previous credit strategies on senior secured, asset-backed investments. CapitaLand Investment will primarily target existing investors for the third fund and is aiming for a first close by year-end, the people said. A spokesperson for CapitaLand Investment declined to comment. The fundraising initiative comes as private credit in Asia faces mounting scrutiny, with investors increasingly questioning whether loans backed by collateralised assets remain safe bets. The collapse of Australian property developer Bathla Group, which relied heavily on private debt, has heightened concerns that the country’s A$200 billion (US$144 billion) private credit market — where real estate accounts for as much as 60% of lending — may be beginning to show cracks. The firm’s first credit programme, ACP I, raised A$265 million, which financed two prime mixed-use developments in Melbourne and Adelaide, the company said in April. The second funding pool was allocated toward mortgage loans for logistics, office and living assets in Sydney and Seoul. The company has said its real estate credit platform has deployed more than S$10 billion (US$7.9 billion) across the Asia-Pacific region through Wingate Group Holdings, which it acquired in 2025. Wingate, one of Australia’s largest private credit managers, was among more than 40 asset managers that had lent to Bathla before its collapse, according to a report last month. CapitaLand Investment has been undergoing a series of personnel changes in recent months. In July, the firm disbanded its special opportunities team, which had been dedicated to pursuing higher-risk strategies. Separately, Jeff French joined the firm in March as chief operating officer of its alternatives business, following a stint at BNP Paribas Asset Management.

Investment & Market Trends

P.A. Resources Secures RM255.45mil Banking Facilities For Working Capital, New Plant

P.A. Resources Bhd (PARB), through its wholly owned subsidiaries, has accepted additional banking facilities totalling RM255.45 million to support the group’s existing operations and the development of a new plant. In a filing with Bursa Malaysia today, PARB said its wholly owned subsidiaries, P.A. Extrusion (M) Sdn Bhd (PAESB) and Professional Aluminium Smelting Sdn Bhd (PASSB), had accepted and executed separate letters of offer dated Aug 11, 2026, for the additional banking facilities. PAESB has accepted additional conventional banking facilities of RM205.45 million granted by AmBank (M) Bhd, while PASSB has secured additional Islamic banking facilities of RM50 million granted by AmBank Islamic Bhd. On the rationale behind the move, PARB said the group had, on July 14, 2026, announced the renewal of its supply agreement with First Solar for a contract value of approximately US$322.17 million (US$1 = RM4.04) for the period from July 1, 2026 to Dec 31, 2027. “This represents an increase of approximately US$90.27 million, or 38.9%, compared with the fourth renewal valued at US$231.9 million for the period from Jan 2, 2024 to July 1, 2025,” the company said, adding that the higher contract value is expected to increase the group’s production as well as its working capital requirements. Of the total banking facilities, RM50 million will be used to support anticipated increases in working capital requirements arising from higher sales value and the group’s expansion plans through product and market diversification, with utilisation expected to correspond with rising business activity and the resulting earnings potential. A further RM65.45 million will be used to finance the construction of a new plant and the acquisition of plant and machinery, while RM140.0 million will fund the new plant’s working capital requirements, including the purchase of raw materials, inventory holdings and financing on credit terms extended to customers, the company added. “The new plant is expected to increase the group’s monthly aluminium extrusion production capacity from about 3,500 tonnes to 8,500 tonnes, strengthening the group’s ability to fulfil the increase in customer orders and further its product and market diversification strategies,” it said. “Overall, the additional banking facilities will provide the group with the financial flexibility required to fulfil the renewed supply agreement, implement its capacity expansion plan and support anticipated business growth, while preserving its existing working capital resources and maintaining the group’s commitment to its dividend policy,” it added.

Energy & Technology

MN Holdings JV Bags RM67mil TNB Cable Contract In Penang

MN Holdings Bhd said its subsidiary, together with an engineering firm, has jointly secured a RM67.32 million contract from Tenaga Nasional Bhd to install an underground cable for bulk power supply to Intel Penang. The wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd, and Pembinaan Tajri Sdn Bhd will undertake the 275-kilovolt cable installation works through an 80:20 joint venture, MN Holdings said in a bourse filing on Monday. Pembinaan Tajri, which was established in 1983, is involved in building and infrastructure works, according to the firm’s website. MN Holdings said the scope of the underground cable job includes engineering, design, supply and erection works for the new underground cable, as well as associated civil works. The project is scheduled to be completed within 540 days. The group said the contract is expected to contribute positively to its future earnings and net assets once works commence, underscoring the financial significance of the win for the company. MN Holdings’ share price closed unchanged at RM3.65 on Monday, giving the group a market capitalisation of RM2.48 billion. Year-to-date, the stock has more than doubled from RM1.65, reflecting strong investor confidence in the company’s growing pipeline of infrastructure and power-related contracts. This latest contract adds to MN Holdings’ expanding portfolio of power infrastructure projects, further reinforcing the group’s position within Malaysia’s power transmission and utilities sector as demand for reliable electricity supply continues to grow, particularly from high-profile industrial clients such as Intel.

Energy & Technology

Pekat Bags RM57mil Subcontracts For Earthing, Lightning Protection

Pekat Group Bhd has announced that its subsidiary, Pekat E & LP Sdn Bhd (PELP), has secured three subcontracts worth RM57.18 million for earthing and lightning protection works on a project in Johor Bahru. Pekat said the subcontracts were awarded by a company principally engaged in engineering, construction services and investment holding, according to a bourse filing on Monday. The identity of the company was not disclosed due to confidentiality obligations. Under the subcontracts, PELP’s scope of works spans the design, supply, installation, testing and commissioning of comprehensive earthing and lightning protection systems, which include civil works and substation applications, reflecting the technical breadth of the project. The first subcontract, valued at RM27.21 million, commenced on July 6, 2026, and covers the supply, delivery, installation, testing and commissioning of the earthing and lightning protection system, with completion expected by September 2027. The second subcontract, worth RM4.64 million, commenced on March 24, 2026. Its scope includes the supply and installation of the system for a substation, targeted for completion by February 2027. Works under the third subcontract, valued at RM25.33 million, began in January this year and involve the full design, supply, installation and testing of earthing and lightning protection services, including earthmath, cabling, copper tape, joints, terminations, fixings, accessories and related civil works. Completion is scheduled for February 2027. In the bourse filing, Pekat said it expects the works to contribute positively to its earnings for the financial year ending Dec 31, 2026, underscoring the financial significance of the contract wins for the group. At the noon break on Monday, Pekat shares were up two sen, or 1.1%, at RM1.91. At its last traded price, the group was valued at RM1.36 billion. Year-to-date, the stock has climbed 15.06%, reflecting positive investor sentiment amid the company’s steady stream of contract wins.

Investment & Market Trends

Hextar Portfolio Raises Hextar Retail Stake, Triggers Mandatory Offer

Hextar Portfolio Sdn Bhd’s conditional voluntary takeover offer for Hextar Retail Bhd has turned into a mandatory offer after the company acquired an additional 4.82% stake in the retailer. Hextar Portfolio purchased an additional 22.41 million shares on the open market, raising its overall stake in Hextar Retail to approximately 35.4%. Following this latest acquisition, Hextar Portfolio now holds a total of 164.7 million shares in Hextar Retail, according to an announcement made through RHB Investment Bank Bhd. The latest round of share purchases triggered a mandatory takeover offer for all remaining Hextar Retail shares not already owned by Hextar Portfolio, the ultimate offeror, and parties acting in concert with them, in accordance with takeover regulations governing significant shareholding thresholds. The offer notice was first served on Hextar Retail’s board on Aug 10, on behalf of Hextar Portfolio, through RHB Investment Bank. Hextar Portfolio is an investment vehicle owned by Datuk Ong Choo Meng that operates within the broader Hextar Group, a diversified conglomerate spanning multiple listed entities and a wide range of business sectors across various industries. The shift from a voluntary to a mandatory offer marks a significant development in the ongoing corporate exercise, as Hextar Portfolio’s increased stake now compels it to extend the same offer terms to all remaining shareholders of Hextar Retail, potentially paving the way for a full takeover of the company should shareholder acceptance levels prove sufficient.

Energy & Technology

Parkson Credit Partners Boost Bank To Widen Digital Financial Access

Parkson Credit Sdn Bhd and Boost Bank have entered into a strategic partnership aimed at expanding access to digital banking and financing solutions for underserved Malaysians, combining Parkson Credit’s consumer financing network with Boost Bank’s digital banking capabilities. The collaboration will offer customers more seamless access to a range of financial products, including loans, insurance, and current and savings accounts, all supported by simplified onboarding processes and digital channels designed to make financial services more accessible to a broader segment of the population. Parkson Credit Chief Executive Officer Danny Poh said the partnership supports the company’s ongoing push to make financial services more accessible while improving the overall efficiency of its financing ecosystem. He added that the alliance would allow both companies to serve underserved communities more effectively while broadening their reach across new customer segments that may have previously had limited access to formal financial products. Boost Bank Chief Executive Officer Fozia Amanulla said the partnership is aimed at making banking more relevant to customers’ everyday needs by linking digital banking services with Parkson Credit’s consumer financing expertise. She noted that this integration reflects a broader industry trend of financial institutions collaborating to deliver more comprehensive, accessible solutions rather than operating in silos. The companies said the collaboration will strengthen their ability to deliver connected financial services while supporting greater participation in Malaysia’s digital economy, particularly among communities that have historically faced barriers to accessing formal banking and financing options. By combining Parkson Credit’s established consumer financing network with Boost Bank’s digital-first infrastructure, the partnership is expected to create a more integrated financial ecosystem that addresses the evolving needs of Malaysian consumers, particularly as more everyday transactions and financial decisions increasingly shift towards digital platforms. The initiative also reflects the growing role that digital banks are playing in Malaysia’s financial landscape, as traditional consumer financing companies increasingly seek partnerships with digital-native institutions to enhance their service offerings and extend their reach into previously underserved markets.

The Executives

DFI Retail Group Names New Chief Digital And yuu Rewards Officer

DFI Retail Group has appointed Kshitij Mulay as group chief digital and yuu rewards officer, effective Sept 17. He succeeds Wee Lee Loh, who is returning to Singapore to be closer to his family after three years with the group. Mulay will be based in Hong Kong and will report to Scott Price, group chief executive, as a member of the management committee. He will take on responsibility for DFI’s digital, yuu, retail analytics and retail media portfolios, following a transition period with Loh to ensure continuity. Group Chief Digital and yuu Rewards Officer of DFI Retail Group – Kshitij Mulay. Mulay joins DFI from Sephora Asia, where he served as chief information officer covering both digital and technology. He brings more than 25 years of international experience leading digital, technology and business transformation across some of the world’s leading consumer and retail organisations, including Sephora and Procter & Gamble. Throughout his career, he has led large-scale transformation programmes spanning digital commerce, data and analytics, AI, customer experience, technology modernisation and organisational change. Most recently, Mulay led Sephora Asia’s digital and technology agenda across a multi-country business, helping drive eCommerce growth, omnichannel innovation, AI-enabled customer experiences and cloud transformation. He is recognised for building high-performing teams and translating technology investments into meaningful business outcomes. Since joining DFI in 2023, Loh has played an important role in advancing the group’s digital transformation journey, with the digital ecosystem expanding to serve millions of loyalty members, process over 100,000 daily eCommerce orders, and scale DFI’s retail media and insights capabilities into a significant new growth avenue for the group. Price said, “I want to thank Wee Lee for his leadership and many contributions over the past three years, including his role in scaling our digital ecosystem and building new growth avenues in retail media. We wish him and his family every success. I’m confident that Mulay’s experience, leadership and passion for innovation will build on these strong foundations and help accelerate our customer, digital and data transformation journey across the group.” This appointment comes as the group delivered strong performance amid an evolving macroeconomic climate in the first half of 2026, underpinned by disciplined execution and a focus on driving higher returns. For the first half of 2026, subsidiary like-for-like (LFL) sales growth from continuing businesses improved further to 3%, according to the company. This was driven by sustained strong momentum in the health and beauty segment, as well as a return to growth in both the convenience and home furnishings businesses. Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform — powered by yuu — enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall, digital turned profitable, with eCommerce and DFIQ Media contributing approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying eCommerce economics, a rising online sales penetration rate of 6.9%, and DFIQ Media revenue growing threefold compared to the first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets.

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