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News

ASB Expands Global Pathways With Cornell SC Johnson College Of Business

Professor Joseph Cherian, CEO, President & Dean of the Asia School of Business (ASB), and Professor Andrew Karolyi, Charles Field Knight Dean of Cornell SC Johnson College of Business, together inked a new extended pathway for ASB graduates. Leaders’ handshake seals pathway from ASB to Cornell. This collaboration enables eligible ASB MBA, Executive MBA and Master in Central Banking students, as well as alumni, to pursue the Master’s in Business Analytics (MSBA) in New York — deepening their analytical capabilities with global exposure. For ASB graduates, this pathway opens the door to further studies at Cornell, creating a more accessible route to one of the world’s top business schools. By extending their academic journey beyond ASB, graduates can gain global exposure, deepen their expertise, and broaden their international networks. From ASB to Cornell. From the heart of Southeast Asia to New York. More pathways. More connections. More possibilities. For info on the diverse post-MBA pathways offered by ASB, visit https://asb.edu.my/academic-program/mba-program/ A handshake between great leadership programmes. A pathway for the future. Signing ceremony at the sidelines of the AACSB International Conference and Annual Meeting 2026. #AsiaSchoolofBusiness #GlobalInquiryLocalHeart

Property

Kerjaya Prospek Wins RM529mil Bukit Tunku Project From BRDB

Kerjaya Prospek Group Bhd has secured a RM529.32 million contract from BRDB Developments Sdn Bhd to build a luxury residential project in Bukit Tunku, Kuala Lumpur. The contract, awarded to its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, involves the construction of eight villa residence blocks comprising 146 units, two car park blocks, two basement levels, a clubhouse and other common facilities at Jalan Gallagher, Taman Duta. Construction commenced on June 16, 2026, and is expected to be completed within 33 months. Kerjaya said the project will provide an additional revenue stream over the next three years and strengthen its order book. The contract is also expected to contribute positively to earnings from FY2026 to FY2029. Chief executive officer Tee Eng Tiong said the award reflects the group’s strong track record in delivering premium residential developments and the continued confidence placed in its execution capabilities. Including this latest contract, Kerjaya’s year-to-date job wins have reached approximately RM1.6 billion, while its outstanding order book stands at RM4.5 billion.

Investment & Market Trends

Indian Firms Invest Over US$3bil In Malaysia, Create 30,000 Jobs

Indian companies have invested more than US$3 billion (RM12.18 billion) in Malaysia, creating over 30,000 direct jobs and strengthening economic ties between the two countries, according to the Consortium of Indian Industries in Malaysia (CIIM). CIIM chairman Datuk Umang Sharma said the investments have made a significant contribution to Malaysia’s economic growth and highlighted the increasing presence of Indian businesses in the country. He also credited outgoing Indian High Commissioner to Malaysia BN Reddy for supporting the Indian business community and helping deepen bilateral trade and investment relations during his tenure. Speaking at a farewell dinner hosted by CIIM in honour of Reddy and his wife Lalita Devi, Sharma described the envoy as a trusted adviser and strong advocate for closer Malaysia-India economic cooperation. Reddy, who previously served as deputy high commissioner from 2008 to 2011, played a role in advancing the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) and helped elevate bilateral ties to a Comprehensive Strategic Partnership. The event was attended by more than 150 guests, including government officials, diplomats, business leaders, media representatives and CIIM members.

The Executives

BitGo Names Angela Ang As APAC And Singapore Head

BitGo has appointed Angela Ang as managing director for Asia-Pacific and president of BitGo Singapore, strengthening its leadership team in the region. Ang brings more than a decade of experience from the Monetary Authority of Singapore (MAS), where she played a key role in developing the country’s payments and cryptocurrency licensing framework. She later joined blockchain analytics firm TRM Labs as head of APAC public policy and strategic partnerships. Angela Ang, the Managing Director of BitGo APAC. BitGo said Ang assumed the role after fulfilling all regulatory and fit-and-proper requirements. At MAS, she led the implementation of the licensing regime under which BitGo Singapore now operates as a Major Payment Institution. In her new position, Ang will oversee BitGo’s business growth, market development and operations across Asia-Pacific. BitGo chief operating officer Jody Mettler said her appointment reinforces the company’s presence in one of the world’s most significant digital asset markets. The appointment comes as BitGo expands its global footprint following its public listing on the New York Stock Exchange under the ticker symbol BTGO. The company offers digital asset custody, trading, lending, settlement and stablecoin infrastructure services to institutional clients worldwide. Ang said the Asia-Pacific region is entering an important phase of institutional digital asset adoption and market development, presenting significant opportunities for growth.

The Executives

AKPK Names Azman Hasim As New CEO

Agensi Kaunseling dan Pengurusan Kredit (AKPK) has appointed Azman Hasim as its chief executive officer, effective June 18. Azman brings more than 30 years of experience in the financial services industry and has served AKPK for nearly two decades. He has been acting CEO since Jan 1, 2026, following the retirement of former CEO Azaddin Ngah Tasir. He holds a degree in Accounting and Finance from the University of Wales, Aberystwyth, and is a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Malaysian Institute of Accountants, and a registered Shariah financial planner. As CEO, Azman will lead AKPK’s long-term strategy, focusing on enhancing financial literacy, expanding advisory and debt management services, and increasing outreach to underserved communities. AKPK chairman Fauziah Hisham said Azman’s extensive experience, strategic vision and deep understanding of the agency’s mission position him well to lead AKPK into its next phase of growth and impact.

Energy & Technology

SunCon Wins RM664mil In New Orders, Johor Data Centre Jobs Reach RM865mil

Sunway Construction Group Bhd (SunCon) has secured RM664.4 million in additional change orders for two data centre projects in Johor, lifting the total contract value to RM865.6 million. In a Bursa Malaysia filing, SunCon said its wholly owned subsidiary, Sunway Construction Sdn Bhd (SCSB), accepted the change orders on June 17 from a US-based multinational technology company for project service requests initially awarded on April 21. Construction works began on April 21, 2026, with one project slated for completion in the fourth quarter of 2027 and the other in the second quarter of 2028. SunCon noted that the projects are exposed to typical construction risks, including fluctuations in material prices, but said these are expected to be managed through SCSB’s expertise and experience. The contracts are anticipated to contribute positively to the group’s earnings from 2026 onwards. Including the latest orders, SunCon has secured RM4.2 billion worth of new jobs year-to-date, bringing its outstanding order book to RM8.8 billion. For the first quarter ended March 31, 2026, SunCon posted a 56.4% increase in net profit to RM118.41 million from RM75.72 million a year earlier, supported by stronger contributions across its business segments. However, quarterly revenue declined 27% to RM1.02 billion from RM1.4 billion, mainly due to lower construction contributions following accelerated progress on the Rapid Transit System Link project and several data centre projects in the previous year. SunCon shares last traded at RM7.43, valuing the company at RM9.89 billion.

News

Vietnam To Build Seven New Airports By 2030

Vietnam plans to open seven new airports by 2030 as part of efforts to expand its aviation network and meet growing travel demand. The new airports include Long Thanh, Gia Binh, Quang Tri, Phan Thiet, Sa Pa, Tho Chu and Thanh Son. Combined with upgrades and expansions at existing airports, the projects are expected to raise the country’s annual passenger handling capacity to as much as 220 million. According to Vietnam’s Construction Ministry, the country aims to have 32 airports by 2030, comprising 15 international and 17 domestic airports. By 2050, three additional domestic airports are planned, bringing the total to 35. Vietnam currently operates 22 airports, while five more are under construction. Expansion or upgrade plans have been approved for 14 airports, with planning underway for the remaining eight. The ministry estimates that airport development between 2021 and 2030 will require investments of about 485 trillion dong (US$18.5 billion), with 55% expected to come from public funds and the rest from private investment. Passenger traffic is projected to exceed 191 million annually by 2030, growing at an average rate of 9.7% per year, while air cargo throughput is expected to reach 3.75 million tonnes, with annual growth averaging 19.3%.

Energy & Technology

MRCB Enters Data Centre Business With RM2.1 Bil Bukit Jalil Project

Malaysian Resources Corp Bhd (MRCB) is making its debut in the digital infrastructure sector through a strategic collaboration with Perintis Akal Sdn Bhd (PASB) to develop an AI-ready data centre in Bukit Jalil with an estimated gross development cost of RM2.1 billion. The project will be undertaken by Bukit Jalil Sentral Property Sdn Bhd (BJSP), a wholly owned subsidiary of MRCB Land Sdn Bhd, which in turn is wholly owned by MRCB. BJSP, which owns the 37,320 sq m leasehold site, will serve as the master developer of the facility. Under the proposed arrangement, PASB, a unit of Pemandu Partners International PLT, will act as the long-term tenant and operator under a proposed 10-year lease agreement. MRCB said definitive agreements are expected to be finalised by the third quarter of 2026, while the facility is targeted for completion by the fourth quarter of 2027. Spanning approximately 500,000 sq ft, the data centre will have a capacity of 65MW IT load and will be built in accordance with Uptime Institute Tier III standards. The facility will feature high-density power and cooling systems designed to support advanced GPU-based workloads and next-generation AI accelerator platforms. PASB will partner with Inspur Communication Malaysia Sdn Bhd, a subsidiary of China’s Inspur Group, for the construction, commissioning, maintenance and operation of the facility. MRCB Group Managing Director Datuk Imran Salim said the project is expected to generate a stable stream of recurring income through the 10-year lease structure while enhancing the value of its Bukit Jalil land assets. He added that MRCB has already received multiple expressions of interest for the facility’s 65MW capacity, signalling potential opportunities for further data centre developments on its remaining Bukit Jalil land bank.

News

KUSKOP Launches RM205 Mil SINAR Programme For MSMEs

The Ministry of Entrepreneur and Cooperatives Development (KUSKOP), through SME Corp Malaysia, has launched the SINAR Programme, a RM205 million initiative aimed at strengthening the resilience and growth of micro, small and medium enterprises (MSMEs) across the country. The programme introduces five key initiatives, including financing facilities, grants and business support measures, designed to help entrepreneurs overcome financial challenges, improve competitiveness and expand their operations. According to Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong, the initiative seeks to ensure MSMEs have access to the resources needed to navigate ongoing economic uncertainties and seize growth opportunities. “In the face of global economic uncertainty, the government cannot allow MSMEs to confront these challenges alone,” he said. Five Initiatives Under the SINAR Programme The SINAR Programme (Program Sokongan Industri dan Perniagaan Rakyat) comprises three financing schemes, a business scaling grant programme and discounted MSME certification fees. 1. SME Easy Financing Scheme (SFSME 2.0) The scheme offers financing ranging from RM50,000 to RM5 million for business expansion, asset acquisition and working capital requirements. Implemented in collaboration with Malaysian Industrial Development Finance Berhad (MIDF), the financing carries a profit rate of 5% per annum based on monthly balances. 2. SME Capacity and Capability Enhancement Scheme (BAP) Developed with microLEAP, the BAP scheme provides financing between RM500,000 and RM1.5 million to help businesses strengthen operations and manage cash flow. Term financing is available at 5% per annum, while invoice financing rates range between 0.5% and 0.7% per month. 3. PRESTIGE 2.0 Financing Scheme Targeted at high-growth SMEs, the scheme offers financing from RM500,000 to RM1 million through a partnership with Funding Societies. Businesses can enjoy financing rates as low as 3% per annum, while invoice financing is available at 0.5% per month. Companies with strong repayment records may also qualify for rebates of up to 30%. 4. Inclusive Business Scaling Programme The programme supports SMEs seeking to adopt inclusive business models and strengthen supply chain participation. Eligible businesses can receive grants of up to RM200,000, with funding support covering up to 90% of eligible costs for development and training initiatives. 5. 50% Discount on MSME Status Certification To encourage more businesses to obtain official MSME recognition, SME Corp Malaysia is offering a 50% discount on MSME Status Certification applications from June to August 2026. The certification is often required when applying for government grants, financing facilities and other support programmes. Supporting MSME Growth The launch of the SINAR Programme comes as many businesses continue to face challenges from rising costs, economic uncertainty and supply chain disruptions. With financing of up to RM5 million, grants of up to RM200,000, and a range of business support measures, the programme is expected to provide much-needed assistance for Malaysian MSMEs looking to strengthen operations, improve resilience and pursue long-term growth. More information on the SINAR Programme is available at www.smecorp.gov.my.

News

IJM Land, MRT Corp Launch RM600 Mil Transit-Oriented Project In Cheras

Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) and IJM Land have unveiled The Linque, a new transit-oriented development (TOD) in Cheras with an estimated gross development value (GDV) of RM600 million. Transport Minister Anthony Loke is seen during the launch of The Linque Cochrane at Cochrane MRT Station in Cheras, Kuala Lumpur, June 15, 2026.  The project marks MRT Corp’s first TOD initiative in the Klang Valley and will feature approximately 586 serviced apartment units alongside curated retail spaces directly connected to the Cochrane MRT Station. Located above the station, The Linque is designed to provide residents with seamless access to public transportation and retail amenities. The development is connected to the wider MRT network, including the Kajang Line, which currently records the highest daily ridership in the MRT system. Speaking at the launch event in Kuala Lumpur, MRT Corp chief executive officer Datuk Mohd Zarif Hashim said the project demonstrates the company’s commitment to creating long-term value around public transport infrastructure and surrounding communities. “One of its most distinctive features is its direct basement-to-concourse connection, a first-of-its-kind feature for an MRT-integrated residential development, allowing residents to access the rail network conveniently without needing to step outdoors. “This is the kind of connectivity that TOD is meant to deliver, where public transport is not simply nearby, but fully integrated into the way people live, move and connect every day,” he said. Mohd Zarif noted that MRT Corp played an active role throughout the planning and design stages of the development following the signing of a joint development agreement with IJM Land in December 2025. Rather than taking a conventional landowner-developer approach, MRT Corp worked closely with IJM Land to ensure the project’s design, connectivity and placemaking elements align with the long-term objectives of the MRT network. He added that IJM Land was selected after undergoing a thorough evaluation process, citing the developer’s strong track record. The unveiling ceremony was attended by Transport Minister Anthony Loke and IJM Land chief executive officer Datuk Tony Ling Thou Lung. Loke said the project aligns with the Ministry of Transport’s objectives to maximise the value of strategic public assets while encouraging greater use of public transportation. “Through our network and its surrounding land, where it can be developed into real estate, shopping malls and other projects, value can be generated for the government while also increasing ridership for the MRT network. “This is a win-win situation and a catalyst for economic development,” he said. The minister also encouraged developers to collaborate in creating connected pedestrian networks that link MRT stations with surrounding buildings, destinations and public spaces, helping to strengthen urban connectivity and accessibility.

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