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• Terengganu appoints Vista Bumiria Sdn Bhd as the State-Backed Company (SBC) to drive the development and expansion of telecommunications infrastructure across the state. • Alam Mindscape Mobile Sdn Bhd appointed as One Stop Agency (OSA) to streamline approvals, coordination, and management of telecommunications towers. • YAM Tengku Dato’ Seri Muhammad Mua’az ibni Sultan Mizan Zainal Abidin appointed as Chairman of Vista Bumiria Sdn Bhd, strengthening alignment between state leadership and industry execution. EDOTCO Malaysia today announced a significant milestone in advancing Terengganu’s digital connectivity, following the State Government’s decision to appoint its subsidiary, Vista Bumiria Sdn Bhd as the State-Backed Company (SBC) for telecommunications infrastructure development, including fibre network management, alongside the appointment of Alam Mindscape Mobile Sdn Bhd as a One Stop Agency (OSA) for telecommunications tower. This strategic move reflects Terengganu’s commitment to accelerating the rollout of high-quality, future-ready digital infrastructure, while ensuring more coordinated, efficient, and sustainable development across the state. Under this mandate, Vista Bumiria will lead the development of telecommunications infrastructure, including tower and fibre deployment, serving as a central platform to support Mobile Network Operators (MNOs) and expand coverage across both urban and rural communities. Complementing this, Alam Mindscape Mobile’s role as One Stop Agency (OSA) will streamline the management, approvals, and coordination of telecommunications structures, reducing deployment bottlenecks and enhancing execution efficiency across the ecosystem. Further underscoring the state’s commitment, Yang Amat Mulia Tengku Dato’ Seri Muhammad Mua’az ibni Sultan Mizan Zainal Abidin has been appointed as Chairman of Vista Bumiria Sdn Bhd, reinforcing leadership alignment to drive Terengganu’s digital infrastructure agenda forward. Adlan Tajudin, Group Chief Executive Officer of EDOTCO Group, said the structure introduces a more effective model for infrastructure rollout at the state level. “We are honoured by the trust placed in us by the Terengganu State Government. As a regional digital infrastructure player, EDOTCO is committed to bringing our expertise to support a more efficient and coordinated rollout of telecommunications infrastructure. Ultimately, this is about delivering better connectivity for the rakyat and supporting Terengganu’s long-term digital growth.” He added that the model positions Terengganu to become a leading example of state-driven digital infrastructure development in Malaysia, enabling a more coordinated and efficient approach to connectivity rollout. EDOTCO will work closely with its Mobile Network Operator (MNO) partners to accelerate deployment across the state, ensuring that connectivity in Terengganu is reliable, high-quality, and accessible to all communities. This collaboration marks EDOTCO Malaysia’s first formalised platform to build and expand telecommunications infrastructure in Terengganu, laying the foundation for scalable, 5G-ready networks that will support the state’s next phase of economic growth and digital advancement.

Solarvest Holdings Bhd’s shares rose in early trading today after the company announced it had secured a RM1.06 billion engineering, procurement, construction and commissioning (EPCC) contract from Malakoff Silver Solar Sdn Bhd. At 10.02am, the counter gained 10 sen to RM2.87, with 3.80 million shares traded. In a Bursa Malaysia filing, Solarvest said the contract will be executed by its wholly owned subsidiary, Atlantic Blue Sdn Bhd. The scope of work covers the development of a 470 megawatt alternating current (MWac) solar photovoltaic power plant, as well as its related interconnection facilities. The project forms part of the Large Scale Solar 5+ (LSS5+) programme and will be located in Larut and Matang, Perak. Solarvest said the project represents a major milestone for the group as it continues to expand its presence in Malaysia’s renewable energy sector, particularly in utility-scale solar developments. The company added that the contract is expected to have a positive impact on its earnings and net assets per share for the financial year ending March 31, 2027, and will continue contributing over the duration of the project until completion. Solarvest noted that securing large-scale solar projects strengthens its order book visibility and supports its long-term growth strategy in the clean energy space.

Petra Energy Bhd’s wholly owned subsidiary, Petra Energy Development Sdn Bhd (PEDSB), has secured a field operations management services contract from Vestigo Petroleum Sdn Bhd for the SK407 production sharing contract (PSC) located offshore Miri, Sarawak. The contract covers the provision of operations management services for five offshore oil and gas fields namely West Lutong, Baram, Tukau, Siwa and Fairly Baram. In a filing with Bursa Malaysia, Petra Energy said PEDSB received the Letter of Award from Vestigo Petroleum on March 27, 2026. The contract will run for a period of two years, commencing from April 1, 2026 until March 31, 2028. No fixed contract value was disclosed in the award letter. Petra Energy said the contract is expected to contribute positively to the group’s earnings and net assets per share throughout the duration of the project. The company added that the award will not have any impact on its issued share capital or the shareholdings of major shareholders. Petra Energy noted that, as with any oil and gas services contract, the project carries operational and execution risks. However, PEDSB will implement appropriate measures to manage and minimise these risks during the contract period. The group also confirmed that none of its directors, major shareholders or persons connected to them have any direct or indirect interest in the contract. The contract does not require approval from shareholders or any additional government authorities.

Yinson Holdings Bhd is increasingly viewed as a strong player in the global energy transition space, with growing potential to become a leading force in the floating production, storage and offloading (FPSO) market. UOB Kay Hian Research said Yinson made history after successfully operationalising the world’s first offshore post-combustion carbon capture system through FPSO Agogo on March 30, 2026. The research house added that the group has also fully funded Provaris Energy’s liquid carbon dioxide tank venture, further strengthening its position in low-carbon energy solutions. Although Yinson was not initially seen as a key beneficiary of the Middle East crisis, its sole very large crude carrier (VLCC), YP Antares, is reportedly benefiting from stronger tanker spot rates. UOB Kay Hian said the ownership of the VLCC aligns with Yinson’s strategy of securing at least one new FPSO project annually. The group is currently competing with Bumi Armada Bhd for Mubadala’s Tangkulo gas FPSO project in Indonesia, which could receive approval by mid-2026. The brokerage noted that growing concerns over global energy security may make FPSOs a more attractive investment option for sovereign nations, potentially accelerating demand for Yinson’s services. Yinson’s subsidiary, Yinson Production, is also progressing on key projects including FSO Lac Da Vang and FSO Block B, with construction milestones advancing steadily. The firm said FSO Lac Da Vang could potentially achieve early delivery by mid-2026. Meanwhile, Yinson’s Brazil-based FPSO Anna Nery continued to support earnings, contributing more than RM100 million in associate income during the fourth quarter of FY2026. UOB Kay Hian maintained its “buy” call on Yinson with a target price of RM2.75, citing confidence in the group’s long-term growth outlook and strong FPSO pipeline. For the fourth quarter ended FY2026, Yinson posted revenue of RM1.12 billion, down 19.48% year-on-year due mainly to lower contributions from engineering, procurement, construction, installation and commissioning activities. However, the group said this was partly offset by stronger operational income from FPSO Maria Quiteria, FPSO Atlanta and FPSO Agogo following the start of their charter periods, as well as a RM340 million gain linked to the buy-out of the project loan for FPSO Atlanta.