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Energy & Technology

American Tech Investor Srinivasan Proposes Startup School In Malaysia

Serial tech investor Balaji Srinivasan has been engaging Malaysian policymakers to promote his “Network School” initiative, while also proposing policy support to strengthen its presence in the country. According to people familiar with closed-door meetings last month, the former Coinbase executive met officials including Digital Minister Gobind Singh Deo to discuss closer collaboration between the government and his startup school project, which aims to attract global tech talent to Southeast Asia. He also presented ideas including a revamped Malaysian visa application system and suggested fast-track visa arrangements for Network School participants, allowing longer stays than standard tourist passes. The discussions reportedly covered opportunities in the digital economy, artificial intelligence, emerging technologies, digital finance and cross-border ecosystems. Srinivasan launched the Network School in 2024 as part of his broader vision to build tech-focused communities, an idea linked to his concept of “network states” outlined in his 2022 book The Network State: How to Start a New Country. The programme has been based in Johor’s Forest City development, where it has attracted tech entrepreneurs and hosted industry figures including Ethereum co-founder Vitalik Buterin. During a visit in April, Minister Gobind Singh Deo toured the site, met participants and was briefed on various blockchain and AI-related projects. He later described Malaysia as a rising destination for global tech talent in a social media post, which was subsequently removed for unclear reasons. The initiative comes amid growing interest in digital assets and blockchain in Malaysia, with government leaders and industry players increasingly exploring regulatory frameworks and innovation opportunities in the sector.

Investment & Market Trends

YTL Cement Raises Stake In Concrete Engineering To 70.22% After Offer Closes

YTL Cement Bhd has increased its stake in Concrete Engineering Products Bhd to 70.22% following the close of its mandatory general offer (MGO), up from 53.49% previously. According to CIMB Investment Bank, the YTL Corporation Bhd unit received acceptances for 12.49 million shares, or 16.73%, bringing its total shareholding in the company to 52.4 million shares. Concrete Engineering Products manufactures and sells prestressed spun concrete piles and poles used in infrastructure, building and utility projects across multiple regions, including Asia, Africa, Oceania and the Gulf. The MGO was triggered after YTL Cement became a substantial shareholder in April, when it acquired a 53.49% stake in the company for RM103.79 million. The offer price was set at RM2.60 per share, and YTL Cement has stated its intention to maintain the company’s listing on Bursa Malaysia’s Main Market. Following the offer, Concrete Engineering Products’ shares have risen 40%, while year-to-date gains have more than doubled.

Investment & Market Trends

CapitaLand Expects More Major Deals After US$1.9 Billion Income Insurance Win

CapitaLand Investment, a Singapore-listed real estate asset manager majority owned by Temasek, expects to secure more large institutional mandates following its S$2.4 billion (US$1.9 billion) portfolio win from Income Insurance last month. A senior executive said such mandates typically come after years of engagement with investors before commitments are made. CapitaLand Investment’s CEO for Southeast Asia and global head of logistics and self-storage, Patricia Goh, said the group is now working to convert more potential investors it has engaged with over time. Patricia Goh, CapitaLand Investment’s CEO for Southeast Asia and global head of logistics and self-storage. She said the Income Insurance mandate was secured due to CapitaLand’s strong local presence, tenant relationships and track record in managing and optimising real estate assets. Under the mandate, CapitaLand Investment will manage Income Insurance’s property portfolio, including making new investments, divestments and asset enhancements. The company will also earn management, divestment and acquisition fees from the mandate. Goh added that some investors are shifting more capital towards Asia Pacific, with Singapore remaining attractive despite global economic and geopolitical uncertainties. CapitaLand said it will continue focusing on sectors where it has expertise, including logistics, retail, offices, mixed-use developments and self-storage.

Investment & Market Trends

ICIEC And OeKB Sign Reinsurance Deal To Boost Export And Investment Coverage

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Austria’s Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have signed a Framework Reinsurance Agreement to strengthen export credit and investment risk coverage. The agreement was signed during the 2026 Spring Meeting of the Berne Union in Astana, Kazakhstan. Under the arrangement, ICIEC will provide facultative reinsurance support for selected OeKB-backed insurance facilities on a case-by-case basis. The partnership aims to enhance support for Austrian exporters, lenders and investors involved in projects across ICIEC member countries. Both organisations said the collaboration will help expand insurance capacity, improve risk-sharing and support trade, investment and development-focused projects in key markets. ICIEC chief executive officer Dr Khalid Khalafalla said the agreement builds on the partnership established between both parties in 2023 and reflects their commitment to supporting sustainable economic growth through stronger trade and investment protection. OeKB senior director Gerhard Kinzelberger said the agreement would further support Austrian exporters operating in Organisation of Islamic Cooperation (OIC) member states, which are seen as growing and strategic markets. The partnership is also expected to strengthen market confidence and facilitate greater cross-border trade and investment flows between Austria and ICIEC member countries.

News

Kuantan International Airport Expected To Be Completed By 2031

Kuantan International Airport in Gebeng is expected to be completed by 2031, according to Pahang investment, industries, science, technology and innovation committee chairman Nizar Najib. He said the project is currently in the process of finalising its technical requirements, implementation framework and the participation of strategic investors. Speaking at the Pahang state assembly, Nizar said the airport development remains subject to strict compliance with technical and regulatory standards set by federal agencies, including the Civil Aviation Authority of Malaysia and the transport ministry. Pahang investment committee chairman Nizar Najib said the airport would be built through private financing without involving state or federal government funds. He explained that the project must meet various international aviation standards covering safety, regulations and flight operations before construction can proceed. “The state government wants to ensure the project is carefully planned based on actual capabilities, with strong emphasis on regulatory compliance, investment viability and transparent governance,” he said. Nizar was responding to a question raised by Tuan Ibrahim Tuan Man regarding the status of the airport project, which was previously expected to begin operations this year. He added that the high-impact infrastructure project would be fully financed through private investments without involving state or federal government funding. The airport will be developed on land owned by the Pahang state government. According to Nizar, the scale and long-term importance of the project require detailed planning, as the airport is expected to operate for between 50 and 100 years. “There is no need to rush because this is a multi-billion-ringgit asset. From the state government’s perspective, the project is progressing smoothly and, God willing, the developer will make an important announcement soon,” he added.

Lifestyle

Work. Family. EMBA. Can it Work?

Daphne Chan and Iven Lai won’t tell you an Executive MBA is easy. Instead, they’ll tell you what it actually requires: trade-offs, support, and a good heaping of ruthless prioritization. Daphne is an Asia School of Business (ASB) EMBA Class of 2024 alumna, while Iven is a current EMBA student in the Class of 2026. As parents to a young daughter, Anya, they juggle demanding careers in banking, family life, and their EMBA journey. In this interview, they tackle the question many working parents ask before they ever apply: Is an EMBA too much when you already have a career—and a family?   They had a plan. But overnight, everything changed. Daphne says it with a laugh, looking at Anya: “We actually planned to have you after I completed my EMBA.” But Anya had other plans. “When I first found out I was pregnant… I was like, ‘oops, you came early.’” It was, as she puts it, “pure shock”—followed quickly by excitement.  Anya’s arrival posed a new kind of question: not Should we do this? But How do we do this now?  For Daphne, it came down to one thing: “It’s really prioritizing. I knew my priorities at that time, and I knew I needed to stay flexible.”  Iven reached the same conclusion through an analytical lens. “I view life like a portfolio,” he says, “and time is my finite resource.” When time is finite, squeezing everything in stops being the goal. Allocating it does. “I had to allocate my time… for her, family, hobbies or studies,” he explains. His decision was clear: “More time spent on the baby and studies, and the rest… like hobbies take kind of a backseat for now.”  Prioritizing and allocating time helped them make the week workable. But even the best system gets tested.  The hardest stretch “There was a time,” Daphne says, when Anya would wake “four times… in seven hours.” In the middle of that blur, she remembers thinking: “Whoa, I really need a break. Why did I do this to myself?”  And even in that fog of parenthood, nothing else pauses. Work still expects them sharp, and assignments still come due. What kept them going then wasn’t pushing harder. It was speaking up before they burnt out.   “Definitely there’s a time when we are both exhausted,” Daphne says. “For me personally, I will definitely communicate it… ‘I think I need a break… just give me one or two hours, then I’ll recharge and come back.’” Open communication, she adds, “is key.”  Iven describes what that looked like at home: switching off without keeping score. “Whenever she feels tired, then I will step up,” he says. “Whenever I feel tired… she will step up and take a more leading role.”  They couldn’t create more time. So they built around the time they had.  What made it possible For Iven, that meant using whatever pockets already existed. “Sometimes during commutes, I would… watch videos or listen to articles,” he says. At home, the window was simple: “study after she sleeps.”  It also meant being upfront with the people he was accountable to. “Most of my EMBA group discussions, I will tell them that, ‘hey, I know we need to have a discussion… but can we do it after Anya sleeps?’” Once that constraint was on the table, the group could plan around it. “Most of the discussions are done around 9 to 10 pm when Anya’s asleep.”  And the reality was none of this works without support. Iven doesn’t pretend otherwise. “Fortunately, I have quite a good support system,” he says. At home: “My mother helps to take care of the household.” At work: “I have a good team that I can depend on.” And at school: “I have a great cohort, teammates that understand my situation.”  The outcome wasn’t a perfectly balanced life. But it was a workable one.  So—is it too much? Some days can be a stretch. Daphne and Iven don’t dress it up. But even now, they would still do it all over again.   Daphne calls the experience “transformational”—a change in how she sees herself and the roles she carries. For Iven, it shows up as “laser focus”: “I know that I have no time to waste anymore,” he says. “My time is so limited.”  And if there’s one thing they want other working parents to hear, it’s this: don’t wait for perfect timing. “You will never find a perfect time. There’s no perfect time,” Daphne says. Still, she adds, “if you’re determined enough, it will work out… so just do it.”  Iven echoes the same belief: “Just take the plunge into the EMBA, and everything will work out eventually.” Daphne agrees: “Both journeys are equally rewarding—having your own child and the pursuit of knowledge!” 

Investment & Market Trends

RHB Bank Gets BNM Approval To Begin Talks On Insurance Unit Merger

RHB Bank Bhd said it has received approval from Bank Negara Malaysia (BNM) to begin negotiations with Tokio Marine Asia Pte Ltd on a potential merger involving its insurance business. The proposed deal could see RHB dispose of up to 100% of its stake in RHB Insurance Bhd, which would then merge with Tokio Marine Insurans (Malaysia) Bhd. RHB may retain up to a 35% stake in the enlarged entity. In a Bursa Malaysia filing on Monday, RHB said BNM has no objection to both parties starting negotiations, with a six-month period given to finalise discussions. The bank noted that the approval is not final, as the proposal will still require approval from the Minister of Finance upon BNM’s recommendation before any definitive agreement can be signed. RHB said a detailed announcement will be made once definitive agreements are executed. This marks a renewed attempt at a similar transaction first proposed in 2019, which was later called off after both parties failed to agree on terms. Separately, RHB had signed new 20-year bancassurance and bancatakaful partnerships in 2025 with Tokio Marine Life and Syarikat Takaful Malaysia Keluarga Bhd, securing up to RM1.6 billion in access fees for the bank.

Property

Tanco Partners Hong Kong Firm For Concrete Products Venture

Tanco Holdings Bhd is entering the concrete products manufacturing business through a joint venture with Hong Kong-based King Well Holdings Ltd (KWHL). In a Bursa Malaysia filing on Monday, Tanco said its indirect wholly-owned subsidiary, Tanco Precast Industries Sdn Bhd, signed a joint venture and shareholders agreement with KWHL to manufacture, supply and sell concrete-related products in Malaysia. Under the agreement, a new joint venture company will be formed, with Tanco holding a 51% stake and KWHL owning the remaining 49%. KWHL is a Hong Kong-incorporated company whose shareholders and board members have experience in the concrete manufacturing industry in China. The new venture plans to set up its first factory on land owned by Tanco and its subsidiaries, while KWHL will lead the factory setup and manufacturing operations. Tanco said the partnership will help strengthen its construction materials supply chain and support its future property development projects, while also tapping into demand for concrete products in Malaysia. The agreement is subject to feasibility assessments and approvals from relevant Malaysian authorities. Tanco shares closed one sen higher at RM1.67 on Monday, giving the group a market capitalisation of RM10.24 billion.

Energy & Technology

Aerostar Technology Signs UAE Space And Defence Partnership Deal

Aerostar Technology Sdn Bhd has signed a Memorandum of Understanding (MOU) with FADA, the space company of EDGE Group PJSC (United Arab Emirates), during the Defence Services Asia (DSA) 2026 conference. The partnership, facilitated by Rajeeshwaran Moorthy, MRAeS, Director of International Business & Finance Development at Aerostar Technology, focuses on two key initiatives: The formation of a Joint Working Committee to advance sovereign space-based programs that will enhance Malaysia’s national defense capabilities. Exploring the integration of FADA’s advanced space technologies into Malaysia’s aerospace and defense ecosystem. The signing ceremony took place at NAICO (National Aerospace Industry Corporation) and was witnessed by Ir. Ts. Dr. Shamsul, Chief Executive Officer of NAICO Malaysia, and Mohd Zakwan Mohd Zabidi, Senior Vice President of MIGHT (Malaysian Industry-Government Group for High Technology). The MOU was signed by: Franck Mouriaux, Acting CEO / Director of Space Program, FADA Captain Adam Abdullah, CEO/Executive Director, Aerostar Technology Sdn Bhd Rajeeshwaran Moorthy, MRAeS, Director of International Business & Finance Development, Aerostar Technology Sdn Bhd Captain Adam Abdullah said:“This MOU marks a significant step in further strengthening the G2G relationship between Malaysia and the UAE. It underscores our shared commitment to advancing sovereign capabilities in space and defense technologies for the benefit of both nations.” Ir. Ts. Dr. Shamsul Kamar Abu Samah, Chief Executive Officer of NAICO Malaysia, said:“NAICO Malaysia is pleased to witness this strategic collaboration between Aerostar Technology and FADA, which reflects the growing confidence in Malaysia as a regional hub for aerospace and space innovation. This partnership aligns with our national aspirations to strengthen sovereign capabilities, foster international cooperation and accelerate the development of Malaysia’s space and defence ecosystem.” Mohd Zakwan Mohd Zabidi, Senior Vice President for MIGHT, commented:“This collaboration between Aerostar Technologies and FADA is a timely validation of the vision we set forth in MIGHT’s Navigating Malaysia’s Space Frontier 2024/2025. It demonstrates how Malaysia’s strategic roadmap for space is being realized through high-impact partnerships that strengthen sovereign capabilities and foster international cooperation. Anchored by platforms such as TECHNOMART Malaysia, which connects industry, government, and global partners, this partnership accelerates technology transfer, knowledge exchange, and commercialization opportunities. MIGHT remains committed to championing initiatives that bring our foresight to life, positioning Malaysia as a regional hub for space innovation and a trusted partner in the global space economy.” This collaboration represents a proud moment for Malaysia’s aerospace ecosystem and opens new avenues for technology transfer, knowledge exchange, and long-term strategic partnership between the two countries.

News

CIMB Expands Support For MSMEs Affected By Middle East Conflict

CIMB Bank Bhd and CIMB Islamic Bank Bhd have stepped up support for micro, small and medium enterprises (MSMEs) impacted by the ongoing Middle East conflict through the introduction of the SME Stabilisation Relief Facility (SRF). The initiative is part of Bank Negara Malaysia’s RM5 billion relief measures aimed at helping businesses manage rising operating costs, supply chain disruptions and market volatility. Under the SRF, eligible MSMEs can obtain additional working capital financing to support short-term liquidity needs, including inventory purchases, operating expenses and business continuity. Priority will be given to businesses in sectors heavily reliant on oil, crude-based products and diesel, as well as companies facing supply shortages from countries affected by the conflict. CIMB co-CEO of group commercial banking Ahmad Shazli Kamarulzaman said the facility is designed to help MSMEs strengthen resilience and better manage cash flow during a challenging business environment. Applications for the SRF will open from May 15 until Dec 31, 2026, or until the facility is fully utilised. The financing offers up to RM750,000 with a repayment tenure of up to five years at a maximum financing rate of 3.75% per annum, including guarantee fees. In addition, CIMB said it will continue offering assistance through its existing Payment Assistance Programme (PAP), which provides flexible repayment arrangements for affected SME customers. Businesses seeking support can apply through CIMB’s website, OCTO app, relationship managers or branches nationwide.

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