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News

Pop Meals Celebrates Halal Certification With Official Ceremony At Pantai Hospital Outlet

Pop Meals, one of Malaysia’s home-grown food brands, is proud to announce a major milestone in its journey: the official Halal certification of the Pop Meals brand. The certification was celebrated at a special Halal Certification Ceremony held at Pop Meals’ Pantai Hospital outlet on Thursday, 9 July 2026, officiated by high-ranking officials from the Department of Islamic Development Malaysia (JAKIM). High ranking Jakim Officials with Pop Meals’ Director Nursuriani Binti Tajul Azhar, Halal Quality Manager, Syahida binti Wahid Udin and Halal Executive, Ainna Sofia Zamri during the celebration. The ceremony marks an important step forward for Pop Meals as it continues to grow its presence across Malaysia while strengthening customer trust. The event was attended by representatives from JAKIM together with Pop Meals’ leadership team, including Director Nursuriani Binti Tajul Azhar, Halal Quality Manager Syahida binti Wahid Udin, and Halal Executive Ainna Sofia Zamri. Founded in 2021 with its first outlet at DPulze Cyberjaya, Pop Meals has grown from a young Malaysian food startup into a proudly homegrown brand with 87 outlets across Klang Valley, Melaka, and Johor. The company is on track to reach 100 outlets later this year, reflecting strong demand from Malaysian consumers for affordable, convenient, and familiar meals. The Halal certification comes at a meaningful time for Pop Meals as it scales up operations to support its expanding outlet network. Alongside the brand, the central kitchen is now officially Halal certified, powered by a strict Halal Assurance System (HAS) that guarantees 100% traceability of raw ingredients from kitchen to outlet. “This is a very proud moment for Pop Meals and for our entire team,” said Nursuriani Binti Tajul Azhar, Director of Pop Meals. “We started as a Malaysian brand with a simple mission: to make good, familiar meals more accessible to more people. Receiving Halal certification is an important milestone because it gives our customers even greater confidence in the food we serve every day.” Pop Meals has always positioned itself as a proudly Malaysian brand. Since its beginning, the company has focused on serving meals that Malaysians know, love, and enjoy regularly, while making them convenient and affordable for modern lifestyles. Today, Pop Meals employs a team made up of more than 91% Malay team members, many of whom work across its HQ, operations, quality, and support functions. To celebrate this milestone, Pop Meals is launching an “Up to 55% OFF” promotional campaign, giving customers across Malaysia the opportunity to enjoy their favourite meals at special prices. The campaign reflects the brand’s commitment to making quality meals more affordable and accessible for the everyday Malaysian customer. Pop Meals at Pantai Hospital celebrating the Halal Certification with a “Giving Back Day” to the community of frontliners, hospital staff and nurses with 555 Free meals during the event. The meals were taken up in less than 1 hour. As part of the celebration, Pop Meals also hosted a special “Day of Giving Back” at its Pantai Hospital outlet on Thursday, 9 July 2026. On this day, hospital frontliners, staff, and nurses will be invited to pick up 555 free Mac n Cheese meals as a token of appreciation for their dedication and service to the community. “Our Pantai Hospital outlet is a meaningful location for this ceremony because it allows us to celebrate together with the people who serve the community every day,” said Nursuriani. “We are especially happy to give back to hospital frontliners, staff, and nurses with 555 free meals on the same day as our Halal certification ceremony.” Pop Meals’ Halal Quality Manager, Syahida binti Wahid Udin, and Halal Executive, Ainna Sofia Zamri, have played important roles in establishing the Internal Halal Committee (IHC) and driving the Halal competency training across the wider team. Their work, together with the commitment of the wider Pop Meals team, has helped the brand achieve this important certification while preparing the business for further expansion. Looking ahead, Pop Meals aims to bring Malaysian classic meals to more customers not only in Malaysia, but also across Southeast Asia and beyond. The company has entered into joint ventures with local powerhouse retail conglomerates as part of its regional growth strategy, combining Pop Meals’ food brand and operating model with strong local partners in new markets. As Pop Meals moves closer to its 100-outlet milestone, the Halal certification represents more than an operational achievement. It reflects the brand’s Malaysian roots, its commitment to trust and quality, and its ambition to make Malaysian meals loved by customers across the region. “We are grateful to JAKIM, our team members, our partners, and our customers for being part of this journey,” added Nursuriani. “This milestone motivates us to continue growing Pop Meals with pride, responsibility, and a deep respect for the customers and communities we serve.”

News

Outdated Entertainment Tax Is Holding Malaysia Back, Says ALIFE

The Malaysian Association for Arts, Live Events, Concerts and Festivals (ALIFE) today joined fellow industry associations under the Industries Unite coalition in calling for the abolishment of the Entertainments Tax. Introduced in 1953 during the colonial era, the Act was created at a time when entertainment was viewed as a luxury. More than seventy years later, Malaysia has evolved into a nation driven by tourism, creativity, culture and experiences, yet this outdated legislation remains. “Entertainment today is not a luxury. It is culture, family recreation, tourism and an important contributor to Malaysia’s creative economy,” said Rizal Kamal, Senior Advisor of ALIFE. “The question is no longer whether the Act is outdated. The question is why we continue to operate under it.” Entertainment Tax Affects Far More Than Concerts A common misconception is that entertainment duty only affects major international concerts. In reality, it applies to virtually every ticketed live performance, including theatre productions, musicals, comedy clubs, dance performances, cultural showcases, arts festivals, touring productions and performances in cafés and live music venues. These are not simply commercial activities. They are cultural outputs that preserve Malaysian stories, nurture local talent and provide wholesome experiences that bring families together. For many children, a theatre production is their first introduction to the performing arts. Public policy should make these experiences more accessible, not more expensive. Grassroots Talent Bears the Greatest Burden While major productions receive the most attention, it is grassroots performers who are most affected. Emerging comedians, theatre companies, musicians, dancers, cultural producers, festival organisers, venue operators and independent promoters rely on affordable ticket prices to build audiences. Entertainment duty increases costs before a single ticket is sold, making it harder for local talent to experiment, grow and build sustainable careers. If Malaysia wants internationally recognised artists tomorrow, it must support emerging artists today. Malaysia Should Make Touring Easier, Not Harder Local artists should be encouraged to perform throughout Malaysia. A successful production in Kuala Lumpur should naturally continue to Johor Bahru, Penang, Kuching, Kota Kinabalu, Ipoh and other cities, allowing more Malaysians to enjoy live performances while creating economic opportunities nationwide. Instead, organisers face different entertainment tax rates, approval processes and administrative interpretations depending on where performances are held. In some cases, even different municipalities within the same state apply the law differently. Some local authorities have clear mechanisms for exemptions or reductions, while others have little guidance on implementation. This fragmented approach discourages domestic touring, creates unnecessary costs and limits the growth of Malaysia’s live performance ecosystem. Stable Policy Creates Investment The creative economy depends on long-term investment. Whether developing touring circuits, restoring theatres, opening live music venues or producing festivals, investors need confidence that policies will remain stable and predictable. The Federal Government’s decision to exempt entertainment duty for international live performances until 2028 has already demonstrated what stable policy can achieve. Kuala Lumpur has experienced remarkable growth in international concerts and live entertainment, attracting investment, creating employment and generating significant economic activity across tourism, hospitality, retail and transportation. This growth has contributed substantial revenue to the Federal Government through tourism, corporate taxes, income taxes, SST and the wider economic activity generated by a thriving live entertainment industry. ALIFE believes the same certainty should now be extended nationwide, particularly in high-potential cities such as Johor Bahru, Penang and Kuching, where the private sector is ready to invest if long-term policy remains competitive and consistent. Looking Beyond Entertainment Duty Every live event creates spending that extends far beyond the venue itself. Audiences support hotels, restaurants, cafés, shopping centres, transport providers and thousands of small businesses. Tourism remains one of Malaysia’s most important economic sectors, while shopping consistently accounts for more than one-third of international visitor expenditure, illustrating the wider multiplier effect generated by visitor experiences. The objective should not be to maximise tax collected from each ticket. It should be to maximise economic activity across entire cities, support local businesses, create jobs and strengthen Malaysia’s competitiveness as a regional destination for arts, culture and tourism. A Call for Action ALIFE respectfully calls upon the Federal Government and all State Governments to work together to resolve the longstanding issues surrounding the Entertainments Tax. We recognise that successive governments have acknowledged that the legislation no longer reflects the realities of today’s creative economy. What Malaysia needs now is decisive action. Malaysia should not have one city with a competitive entertainment policy while other cities compete under different rules. A consistent national framework would unlock private investment, encourage domestic touring and allow every state to benefit from the growth of the creative economy. Abolishment of the tax would make live performances more affordable for families, strengthen grassroots talent, encourage domestic touring, provide confidence for investors and position Malaysia as one of Southeast Asia’s leading destinations for arts, culture and live experiences. Stable Policy. Stronger Confidence. Sustainable Growth. “Entertainment is not a luxury. It is culture. It is family. It is community. It is economic growth. It is time our laws recognised that.”

The Executives

Thinking Across Worlds: How the Asia School of Business Shapes Future Business Leaders

How do great business leaders learn to navigate complexity, cultures, and real-world decision-making? For Andrew Foley, an alumnus of the Asia School of Business (ASB) inaugural MBA Class of 2018 and now Assistant Professor of Management & Organizations at New York University (NYU) Stern School of Business, the answer lies in Action Learning. Reflecting on his journey from ASB student to academic, Andrew shares how the school’s distinctive learning approach—combining rigorous classroom education with hands-on industry projects across Southeast Asia—equipped him with the ability to think strategically while understanding the human and cultural dimensions behind business decisions. His experiences working with companies in the region reinforced the importance of listening to stakeholders, embracing diverse perspectives, and developing solutions that create lasting value. Andrew also highlights Southeast Asia’s rapidly evolving business landscape as an exceptional environment for aspiring leaders to gain practical, global business experience. Read Andrew Foley’s inspiring journey and discover how the Asia School of Business prepares future leaders to “think across worlds.” Read the full article: https://asb.edu.my/andrew-foley-on-strategy-action-learning-and-the-asia-school-of-business-experience/  

Property

Careplus Disposes Of Land For RM42 Million

Careplus Group Bhd has entered into an agreement to dispose of a parcel of land in Pekan Bukit Kepayang, Negeri Sembilan, for RM42 million as part of its efforts to unlock the value of its property assets and strengthen its financial position. The land, measuring approximately 40,680 sq m, will be sold to Delloyd Asset Portfolio (M) Sdn Bhd. A purpose-built single-storey retail complex is currently situated on the property. In a filing with Bursa Malaysia, Careplus said the proposed disposal represents an opportunity for the group to monetise its investment in the property and realise value from the asset at an attractive consideration. The company expects the transaction to result in a pro forma gain of approximately RM2.09 million, which will contribute positively to its financial position upon completion of the disposal. Careplus said proceeds from the sale will be strategically utilised to support the group’s future growth initiatives, including the construction of a new energy vehicle (NEV) manufacturing hub, the acquisition of related equipment, as well as the repayment of existing bank borrowings. The company added that the disposal will allow it to reallocate capital towards its core expansion plans, particularly in strengthening its capabilities within the new energy vehicle manufacturing segment. Subject to the fulfilment of relevant conditions and barring any unforeseen circumstances, Careplus expects the proposed disposal to be completed by the end of the 2026 calendar year. The transaction forms part of the group’s ongoing strategy to optimise its asset portfolio while creating greater value for shareholders and supporting its long-term business growth objectives.

News

WCT Wins RM926 Million Contract In Abu Dhabi

WCT Holdings Bhd has expanded its overseas project portfolio after securing a sub-contract worth RM926.21 million from United Arab Emirates-based Construction General Contracting House Ltd to undertake works for a residential development in Abu Dhabi. In a filing with Bursa Malaysia, WCT said the project is owned and developed by Aldar Development LLC-OPC, a subsidiary of one of Abu Dhabi’s prominent property developers. The contract, known as the Yas Riva Residences Works Package, involves the construction and completion of six residential buildings located on Plot C54 and C55. Each building will comprise 11 levels and will be supported by a shared basement facility. The scope of works includes the construction activities required to deliver the residential development, further strengthening WCT’s presence in the Middle East construction market. According to WCT, the sub-contract works are expected to commence in the third quarter of financial year 2026 and are scheduled to be completed within 1,218 days from the commencement date. The company said the project is expected to contribute positively to its future earnings and order book, while enhancing its track record in delivering large-scale international property and infrastructure developments. WCT added that neither the directors nor major shareholders of the company, nor any persons connected to them, have any direct or indirect interest in the sub-contract. The latest contract win reflects WCT’s continued efforts to grow its construction business beyond Malaysia, leveraging its experience and capabilities in undertaking complex developments across regional markets.

Energy & Technology

BM GreenTech Purchases RM3.6 Million Solar Farm SPV

BM GreenTech Bhd is strengthening its position in the renewable energy sector after its wholly-owned subsidiary, Plus Xnergy Holding Sdn Bhd, acquired full ownership of NEFIN V Power Sdn Bhd (NVP), a special-purpose vehicle with development rights for a 29.99MWac solar photovoltaic (PV) farm under the Corporate Green Power Programme (CGPP). Under the acquisition, Plus Xnergy will purchase a 90% equity interest in NVP from NEFIN Energy (M) Sdn Bhd for RM3.24 million, while the remaining 10% stake will be acquired from NEFINCO (M) Sdn Bhd for RM360,000. The total purchase consideration of RM3.6 million will be fully funded through BM GreenTech’s internally generated funds. The acquisition is expected to provide BM GreenTech with a new source of recurring income once the solar PV facility begins operations, which is targeted for commissioning in 2027. Upon completion, the solar farm is expected to generate approximately 60,000 megawatt-hours (MWh) of electricity annually, contributing to Malaysia’s renewable energy transition while supporting the growing demand for clean energy solutions. Over its estimated 25-year operational lifespan, the solar project is also projected to help avoid more than 1.1 million tonnes of carbon emissions, reinforcing BM GreenTech’s commitment to sustainability and low-carbon development. BM GreenTech said the acquisition aligns with its strategy to expand its renewable energy capabilities and complements its existing engineering, procurement, construction and commissioning (EPCC) business. The move will allow the group to strengthen its integrated clean energy offerings while creating additional long-term value through sustainable energy assets. The acquisition also marks another step forward in BM GreenTech’s efforts to diversify its business portfolio beyond its traditional biomass boiler solutions and participate in Malaysia’s growing renewable energy market.

Property

SimeProp Acquires Wisma UniRazak For RM160mil

Sime Darby Property Bhd (SimeProp) is set to expand its presence in Kuala Lumpur’s prime property market after accepting a binding letter of offer from Permodalan Nasional Bhd (PNB) for the proposed acquisition of Wisma Universiti Tun Abdul Razak (Wisma UniRazak) for RM160 million. The acquisition involves a 1.46-acre freehold site strategically located along Jalan Tun Razak, one of Kuala Lumpur’s established commercial and residential corridors. The property currently comprises a 15-storey office building supported by a basement car park facility. Following the completion of the acquisition and subject to the necessary approvals for its development plans, SimeProp intends to transform the site into a premium mixed-use development with an estimated gross development value (GDV) of RM900 million. The proposed redevelopment is expected to introduce a new landmark project in the city centre, combining residential, commercial, and lifestyle elements to cater to the growing demand for well-connected urban developments. SimeProp plans to launch the project in 2028, with completion targeted within five years from the launch date. The property developer said the acquisition aligns with its strategy to strengthen its portfolio in high-value locations while capitalising on opportunities within Kuala Lumpur’s mature and strategic urban areas. SimeProp added that the development will build on the group’s track record in delivering premium projects in the city, including Jendela Residences and The Ophera at the Kuala Lumpur Golf and Country Club, further enhancing its position as a key player in the urban property development segment. The proposed acquisition remains subject to the fulfilment of relevant conditions, including approvals from the relevant authorities and completion of the transaction process.

Investment & Market Trends

Permaju Secures Chery Lepas Dealership

Permaju Industries Bhd (PIB) has strengthened its presence in Malaysia’s automotive sector after its wholly owned subsidiary, Cergaz Autohaus Sdn Bhd (CASB), was appointed as an authorised dealer for Chery’s Lepas brand by Chery Auto Malaysia Sdn Bhd. In a filing with Bursa Malaysia, PIB said the appointment marks another strategic step in expanding its automotive business and broadening its portfolio of vehicle brands in the local market. The company noted that the addition of the Lepas marque is expected to complement CASB’s existing automotive operations while diversifying its range of products and services. Beyond vehicle sales, the dealership is also expected to create new revenue opportunities through after-sales services, maintenance, and genuine spare parts sales. PIB said the dealership appointment aligns with its strategy to strengthen its position in the automotive industry by leveraging the growing demand for new energy and passenger vehicles in Malaysia. The company believes the partnership with Chery Auto Malaysia will enhance its long-term growth prospects by expanding its customer base and improving recurring income streams from service and maintenance activities, while reinforcing its commitment to delivering quality automotive solutions to Malaysian consumers.

Investment & Market Trends

Metrocon Seeks SGX Listing Through Hatten Takeover

Construction and engineering firm Metrocon Holdings is set to make its debut on the Singapore Exchange (SGX) through a proposed S$28 million reverse takeover of embattled property developer Hatten Land, which has been under judicial management and suspended from trading since August 2024. Hatten Land has called for an extraordinary general meeting on July 22, where shareholders will vote on the proposed transaction. If approved, the deal will allow Metrocon to secure a listing on the SGX without undertaking a traditional initial public offering (IPO), providing the company with access to the capital markets as Singapore’s construction sector continues to expand. Metrocon chief executive Tan Kean Seng said the company has been exploring options to become publicly listed as it continues to grow. He noted that the opportunity to acquire Hatten Land’s listed status came through an introduction and, following careful evaluation, was deemed the most suitable route to achieve its listing ambitions. Metrocon specialises in foundation engineering, including piling and ground preparation works required for buildings and infrastructure projects. The company has been involved in numerous public housing and government developments, including projects near MRT and LRT lines, tunnels, canals and other technically demanding construction sites. According to Tan, Singapore’s construction industry is entering a period of sustained growth, supported by a healthy pipeline of public infrastructure developments and continued demand from the private sector. Metrocon has recorded strong financial growth, with revenue more than doubling from S$23.6 million in 2023 to S$61.1 million in 2025. The company is also profitable and has an outstanding order book worth S$82.5 million, which is expected to be delivered over the next 24 months. The proposed reverse takeover also forms a key part of Hatten Land’s restructuring plan under judicial management. Upon completion, Hatten Land will be renamed Metrocon Holdings, with its business shifting entirely from property development to foundation engineering. The S$28 million acquisition will be settled entirely through the issuance of approximately 107.7 million new shares at an issue price of 26 Singapore cents per share to Metrocon’s owner, LBD Engineering. In addition, Hatten Land will issue 22.4 million new shares to creditors as partial debt settlement and 21.5 million shares to restructuring funders. As part of the restructuring exercise, the company will also undertake a share consolidation, combining every 830 existing shares into one new share, reducing its issued share capital from more than 1.86 billion shares to approximately 2.24 million shares. The move is expected to streamline the company’s capital structure ahead of its proposed transformation into a listed construction and engineering group.

Investment & Market Trends

SK Hynix Plans US$28 Billion US Listing To Tap AI Growth

South Korean chipmaker SK Hynix is set to launch a US listing on Nasdaq on Monday, aiming to raise around US$28 billion as it seeks to capitalise on booming global demand for artificial intelligence (AI)-related technologies. According to regulatory filings, the company will offer 17.79 million new shares through American Depositary Receipts (ADRs), with every 10 ADRs representing one common share. The pricing range will be announced based on SK Hynix’s share price on the Seoul stock exchange, while the final offer price is expected to be determined on Thursday ahead of trading on Friday. The listing is poised to become one of the world’s largest share sales, underscoring investor confidence in AI-driven semiconductor companies. Despite SK Hynix’s shares falling 4.2% on Monday, the stock has surged about 273% year-to-date, fuelled by strong demand for AI memory chips. The fundraising comes as South Korea ramps up investments in semiconductors and AI to strengthen its position in the global technology race. Last week, the government announced a US$576 billion semiconductor investment programme, with SK Hynix and Samsung Electronics serving as anchor companies. President Lee Jae Myung has also urged officials to accelerate the rollout of major AI and chip projects, warning that delays in approvals, land acquisition and infrastructure could undermine the country’s competitiveness. SK Hynix has emerged as one of the biggest beneficiaries of the AI boom, thanks to its leadership in high-bandwidth memory (HBM) chips, which are widely used in AI systems developed by customers including Nvidia and Google. The company recently announced plans to invest 100 trillion won (US$64.4 billion) to build new semiconductor manufacturing facilities, including a plant for NAND flash memory, as part of South Korea’s broader push to expand its chip industry. Analysts believe the Nasdaq listing could improve SK Hynix’s global visibility, narrow its valuation gap with US rival Micron Technology, and pave the way for inclusion in the Philadelphia Semiconductor Index, potentially attracting greater passive investment from global funds. If successful, the deal would rank as the second-largest global share sale, following SpaceX’s US$85.7 billion IPO last month, and surpassing the landmark listings of Saudi Aramco in 2019 and Alibaba in 2014.

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