News

ESG, News

Malaysia Urged to Mandate EV Battery Recycling for Manufacturers and Consumers

Environmental advocates have called for robust enforcement and policy reform to ensure that the recycling of electric vehicle (EV) batteries in Malaysia becomes an environmentally sustainable endeavour. Central to these efforts is holding both manufacturers and consumers accountable, they said. Meenakshi Raman, President of Sahabat Alam Malaysia, emphasised the need for manufacturers and importers to be legally obliged to retrieve an equivalent number of batteries to the EVs they sell or bring into the country. “Failure to comply should result in legal or financial penalties. At the same time, companies that develop longer-lasting or easier-to-recycle batteries should receive tax incentives,” she said. Raman highlighted the importance of comprehensive regulatory frameworks, adequate enforcement mechanisms, and certified recycling facilities to prevent improper disposal practices that could endanger public health and the environment. Only licensed companies should be permitted to manage used EV batteries, she added. In support of a more transparent supply chain, she also advocated for the introduction of an EV battery passport system. This initiative would allow for the tracking of key battery data—such as composition, origin, usage history, and recyclability—enabling more effective decisions on reuse, repurposing, or safe dismantling. “Incentives such as grants or tax breaks should be extended to companies investing in battery recycling technologies or integrating recycled materials into their production processes,” Raman noted. She further recommended support for second-life applications of EV batteries, such as storage solutions for solar energy systems, to maximise battery lifespan and minimise waste. Randolph Jeremiah, Vice-President of the Environmental Protection Society of Malaysia, echoed these sentiments, stressing that manufacturers must be legally mandated to manage the full lifecycle of their products. “Producers should establish recycling facilities either locally or in their country of origin, or partner with specialised local recyclers. Additional tax benefits could be provided to those investing in domestic recycling infrastructure, which in turn strengthens Malaysia’s circular economy,” he said. Jeremiah also proposed making it a legal requirement for consumers to return used batteries to designated collection points, potentially at a nominal cost. This would create a closed-loop system where both environmental and financial responsibility is distributed between stakeholders. “This model supports long-term environmental sustainability while mitigating risks associated with insufficient recycling infrastructure,” he added. Echoing the need for coordinated oversight, EcoKnights President Amlir Ayat called for the establishment of a dedicated task force to monitor the EV battery disposal process, particularly for non-recyclable components. “Policies must be clear and rigorously enforced to prevent mismanagement of hazardous materials under the pretext of recycling. Securing meaningful commitment from manufacturers and consumers is critical,” he said. He also urged the relevant ministry to continue soliciting public input to shape comprehensive policy responses. As Malaysia advances its transition to electric mobility, the alignment of regulatory frameworks, industry practices, and consumer behaviours will be key to ensuring environmental integrity and long-term sustainability in EV battery management. -The Star

News

Snowflake Identifies Malaysia as Priority ASEAN Market for Expansion

Snowflake, a leading global cloud computing company, has identified Malaysia as a high-priority market and one of the most strategically significant economies in ASEAN for its regional expansion plans. The US-based company, established in 2012 and renowned for its Data Cloud platform that enables scalable, high-performance data unification and analytics across multiple cloud providers, is intensifying its focus on Malaysia as international interest in the nation’s data economy surges. Satchit Joglekar, Managing Director for ASEAN at Snowflake, highlighted Malaysia’s growing role in the regional data landscape, pointing to substantial infrastructure investments from global hyperscalers including Amazon Web Services (AWS). “Malaysia is absolutely our top priority for investment and expansion right now,” he said in a recent video conference with Bernama ahead of the Snowflake Summit 2025 in San Francisco. “We are closely monitoring these developments and are committed to deepening support for Malaysian customers by working hand-in-hand with our cloud partners, particularly AWS.” Joglekar affirmed the company’s ongoing commitment to Malaysia through investments not only in talent and technology, but also in developing a robust partner ecosystem. “This is crucial for ensuring the success of our customers across ASEAN — and especially in Malaysia.” Malaysia’s appeal is underscored by its impressive digital economy trajectory. Since 2021, the nation has approved RM278 billion in digital investments, including RM184.7 billion in data centre and cloud-related projects. The domestic data centre market is forecast to grow from US$4.04 billion in 2024 to US$13.57 billion by 2030, reflecting a compound annual growth rate of 22.38%, according to data from the Malaysian Investment Development Authority (MIDA). (US$1 = RM4.26) Adding to its credentials, Malaysia recently ranked first globally in the Open Data Inventory (ODIN) 2024/25, achieving a score of 90 overall and 99 in data openness — a remarkable rise from 67th position in the previous cycle. Snowflake has ramped up investments in both Malaysia and Thailand over the past 18 months. Joglekar noted that the company’s ASEAN operations, once centred in Singapore, are now expanding across the region’s five major economies: Singapore, Indonesia, the Philippines, Malaysia, and Thailand. “As our platform evolves from a data warehouse to a unified data and AI cloud, it’s imperative we maintain a local presence in each major ASEAN economy,” said Joglekar, who brings over 18 years of experience in big data, cloud technologies, and cybersecurity. He also noted that almost half of Snowflake’s ASEAN customers are now outside Singapore, with strong representation across financial services, telecommunications, and retail sectors. “We’ve had significant success stories across the region,” he said. “In Indonesia, for instance, we supported XL Axiata in transforming from legacy systems to the cloud — delivering substantial cost savings and faster analytics. Similar outcomes are evident across Malaysia and other ASEAN markets in sectors such as consumer goods, manufacturing, public services, and state-owned enterprises.” Snowflake’s flagship annual event, Snowflake Summit 2025, begins Tuesday (2 June) at the Moscone Centre in San Francisco. The event is expected to draw 18,000 to 20,000 participants from around the world, underlining the company’s growing global influence. San Francisco, a longstanding epicentre of tech innovation, continues to serve as a beacon for emerging technologies, including artificial intelligence — a domain increasingly integral to Snowflake’s long-term strategy. -Bernama

News

U Mobile Partners with CIMB on Major RM4 Billion 5G Infrastructure Push

KUALA LUMPUR : U Mobile has appointed CIMB as the mandated lead arranger and loan coordinator for a financing facility of up to RM4 billion, aimed at supporting the nationwide rollout of its next-generation 5G network infrastructure. In a joint statement, U Mobile confirmed that the financing will be channelled towards capital expenditure required to expedite the deployment of its 5G network. The initiative targets achieving 80% coverage of populated areas across Malaysia by July 2026. As part of the financing arrangement, CIMB is expected to contribute at least RM1.5 billion, with the remaining funds to be syndicated among other financial institutions. “This milestone underscores U Mobile’s continued momentum as Malaysia’s newest 5G network provider, reinforcing digital connectivity and innovation while advancing the nation’s digital ambitions,” the companies stated. Wong Heang Tuck, Chief Executive Officer of U Mobile, emphasised that partnering with a reputable financial institution like CIMB is indicative of the telco’s disciplined approach to capital expenditure. “U Mobile is proud to deepen our collaboration with CIMB through this strategic engagement. CIMB shares our vision of propelling Malaysia’s digital economy through robust connectivity and continuous innovation,” he said. “Their confidence in our financial governance and growth prospects enhances our capacity to deliver a high-speed, enterprise-grade 5G network that benefits both businesses and consumers.” Chu Kok Wei, Group Chief Executive Officer of Wholesale Banking at CIMB Group, expressed confidence in the partnership’s ability to significantly enhance 5G penetration across Malaysia. “This next-generation network will not only elevate social connectivity and economic inclusivity domestically, but also strengthen Malaysia’s role as a digital enabler in the ASEAN region,” said Chu. “As a leading financial institution in Malaysia and the region, CIMB is pleased to contribute its financial expertise, market insight, and network reach to support U Mobile’s growth and Malaysia’s broader digital transformation journey.” -Berita Harian

News

Bangladesh Opens Trial Against Ex-PM Sheikh Hasina

Legal proceedings have commenced against fugitive former Bangladeshi Prime Minister Sheikh Hasina, who stands accused of orchestrating a coordinated and systematic campaign against widespread protests during her administration’s final months in office. At the opening of the trial held by Bangladesh’s domestic International Crimes Tribunal (ICT) on Sunday, Chief Prosecutor Mohammad Tajul Islam alleged that Hasina, 77, directed a state-wide crackdown between July and August 2024 that led to the deaths of nearly 1,400 civilians. According to the United Nations, the fatalities occurred during a brutal campaign aimed at silencing anti-government dissent. “In reviewing the evidence, we determined it was a deliberate, widespread, and systematic attack,” stated Islam, outlining charges including abetment, incitement, complicity, facilitation, conspiracy, and failure to prevent mass murder. Islam claimed that Hasina deployed law enforcement and armed affiliates of her now-prohibited Awami League party to suppress the student-led uprising. Hasina, who fled to India via helicopter in August 2024 following the collapse of her 15-year tenure, has dismissed the allegations as politically motivated. She currently remains in self-imposed exile in New Delhi, defying an arrest warrant and formal extradition request from Dhaka. The ICT is also prosecuting key figures from Hasina’s former administration, including ex-Interior Minister Asaduzzaman Khan Kamal and former police chief Chowdhury Abdullah Al-Mamun. Both are implicated in the wider investigation into the suppression of protests. These prosecutions align with demands from several political factions contending for influence in Bangladesh’s transitional government, which has pledged to hold elections by June 2026. On 12 May, Prosecutor Islam confirmed that Hasina faces at least five charges related to the July 2024 events. The prosecution’s case includes extensive evidence such as video recordings, intercepted phone calls, drone and helicopter movement logs, and testimonies from victims and eyewitnesses. Formal charges are expected to be confirmed imminently, following the prosecution’s submission of the case dossier last month. The ICT opened its first trial related to the 2024 protests on 25 May, in which eight police officers face charges for crimes against humanity following the deaths of six protesters on 5 August—the same day Hasina fled the country. Four of the officers are in custody, while four are being tried in absentia. Ironically, the ICT was originally established in 2009 under Hasina’s leadership to investigate war crimes dating back to Bangladesh’s 1971 independence. The tribunal has since drawn criticism for allegedly being used to marginalise political opposition, with several high-profile convictions viewed by international observers as politically motivated. -Al Jazeera

News

New Route–New Airline Scheme Targets Growth in Thai Regional Aviation

Thailand’s Ministry of Transport has unveiled concrete measures under its “New Route–New Airline” initiative, aiming to stimulate aviation-led tourism in the nation’s secondary cities by offering financial incentives to carriers. Deputy Transport Minister Manaporn Charoensri recently confirmed that the policy forms part of broader infrastructure development goals set by the government. The initiative, led by the Department of Airports (DoA), is designed to attract increased airline traffic to lesser-known destinations, ultimately enhancing the accessibility and appeal of these regions to both tourists and investors. “The measure will incentivise carriers to introduce more routes to airports operated by the DoA in secondary cities,” said Ms Manaporn. She added that the policy is expected to increase travel options for passengers while boosting healthy competition among domestic airlines, both in terms of pricing and service quality. Ms Manaporn also noted that reducing route concentration and breaking the current service monopolies will benefit the sector at large by expanding market access to additional carriers. DoA Director-General Danai Raungsorn highlighted that a central element of the policy is a 50% reduction in landing fees and service charges for qualifying airlines. This discount will apply for one year to carriers introducing new routes to secondary destinations. Eligibility criteria require that the routes be either entirely new or reinstated within the past year following a suspension. Furthermore, airlines launching operations at designated DoA airports for the first time—or resuming service after a year-long hiatus—will receive a similar 50% discount on service charges for a period of three months. Carriers must formally apply for this approval through the DoA. Thai LionAir will be the first to pilot the scheme this month, with two new domestic routes. The U-Tapao–Udon Thani–U-Tapao service will commence on 11 June, followed by the Don Muang–Nakhon Phanom–Don Muang route on 19 June. The government expects that enhanced air connectivity will significantly increase tourism flows and investment interest in emerging urban centres across the country. -Bangkok Post

News

Malaysia Airlines Reinforces Asia-Europe Network with Strategic China Engagement

Malaysia Airlines is ramping up strategic initiatives to enhance passenger and cargo connectivity between Malaysia and China, signalling renewed commitment to bolstering bilateral trade and tourism flows. Dersenish Aresandiran, Chief Commercial Officer of Malaysia Aviation Group (MAG), affirmed the Group’s ambition to position Malaysia Airlines as the preferred carrier linking China with Malaysia and the broader global network. This commitment was underscored through the airline’s successful debut at ITB China 2025, held in Shanghai from 27 to 29 May. “Our debut at ITB China strengthens our engagement with the Chinese tourism community and lays the foundation for our continued growth in this market,” Dersenish stated. During the trade show, Malaysia Airlines conducted over 200 business meetings and participated in more than 30 executive-level discussions, reinforcing its role as a key facilitator of cross-border cooperation in travel and trade. The airline also announced plans to roll out a new marketing campaign in collaboration with leading Chinese travel and trade partners. Additionally, it will launch a corporate training programme tailored to enhance its footprint in the Chinese market. At the exhibition, Malaysia Airlines showcased its MHcorporate programme—offering customised travel solutions for business clients—and the MHexplorer initiative, which targets students aged 13 to 26, aiming to forge long-term engagement with China’s next generation of travellers. Demonstrating its sustainability focus, the airline also introduced a virtual reality experience featuring its latest A330neo aircraft, highlighting fuel-efficient technology and enhanced passenger comfort. Currently, Malaysia Airlines operates flights to major Chinese cities including Beijing, Shanghai, Guangzhou, Xiamen, Hong Kong and Taipei. It connects travellers to 69 destinations across Asia, Australia, West Asia and Europe. The airline is actively exploring opportunities to increase flight frequencies and expand its route network in response to rising demand for bilateral trade, tourism and cultural exchange. ITB China 2025 saw a notable increase in participation, with more than 700 exhibitors from over 85 countries—representing a 30% year-on-year growth from 2024—signalling China’s continued prominence as a key global travel source market. -Bernama

News

JCorp: Johor’s Healthcare Sector to Anchor ASEAN Innovation Hub

JOHOR BAHRU: Johor Corporation (JCorp) has identified the state’s growing strength in healthcare as the cornerstone for establishing a future regional innovation hub, aimed at meeting the expanding clinical and medical talent demands across ASEAN. JCorp President and Chief Executive, Datuk Syed Mohamed Syed Ibrahim, said Johor possesses the institutional capability and strategic infrastructure to enhance its leadership in healthcare, with JCorp poised to leverage these assets to scale quality and reach. He highlighted that KPJ Healthcare Berhad — JCorp’s healthcare arm — is spearheading Malaysia’s first Academic Health System, which brings together clinical care, education, and research under a unified model. “This system is anchored on three key pillars: KPJ hospitals, KPJ Healthcare University (KPJU), and the KPJ Research and Innovation Centre,” said Syed Mohamed in a recent interview with Bernama. He added that the integrated model is designed to set a gold standard in healthcare by embedding global best practices into medical treatment, professional training, and innovation. KPJU, he noted, plays a vital role in nurturing medical, nursing, and allied health professionals who are both regionally adept and globally relevant. Further strengthening this vision, KPJ’s strategic partnership with the Mayo Clinic Care Network and the development of Centres of Excellence in oncology, cardiology, orthopaedics, and robotic surgery are expected to enhance Malaysia’s positioning as a premier international healthcare destination. On the investment front, Syed Mohamed also indicated that JCorp is open to co-funding strategic infrastructure projects with long-term institutional investors such as Kumpulan Wang Persaraan (Diperbadankan), Khazanah Nasional Berhad, and Singapore’s Temasek Holdings Ltd. “We are building investment pathways aligned with long-term capital priorities. Strategic infrastructure succeeds when supported by shared governance, risk transparency, and measurable outcomes,” he stated. JCorp is currently developing co-investment platforms focused on catalytic zones such as the Ibrahim Technopolis (IBTEC) and logistics corridors integrated with the Johor-Singapore Special Economic Zone (JS-SEZ). “These platforms are designed to deliver financial returns alongside ESG-aligned performance and regional economic spillover for Johor,” he said, noting that engagement with institutional partners prioritises capital stewardship, sectoral expertise, and co-design capacity across energy, digital, and logistics infrastructure. -Bernama

Investment & Market Trends, News

Apple Faces Further iPhone Shipment Decline in China as Huawei Gains Market Share

Apple Inc. is projected to face yet another year of declining iPhone shipments in China, as mounting competition from domestic brands—particularly Huawei Technologies—continues to erode its market share in the world’s largest smartphone market, according to new data from IDC. The US tech giant’s shipments in China are forecast to fall by 1.9% in 2025, driven by Huawei’s renewed momentum in the premium segment and a broader economic slowdown affecting consumer spending. IDC’s report, published Thursday, also attributes the decline to Apple’s exclusion from a major government subsidy initiative, which favours consumer electronics priced below 6,000 yuan (approx. US$818)—a threshold that disqualifies most iPhone models. By contrast, China’s overall smartphone market is projected to expand by 3% in 2025, buoyed by demand for Android devices that benefit directly from the government’s consumer stimulus policies. The data highlights the intensifying challenges Apple faces in maintaining its foothold in China, its second-largest market after the United States. The competitive landscape has shifted rapidly, particularly with Chinese manufacturers leading the charge in integrating artificial intelligence (AI) capabilities into their devices. Apple, meanwhile, is still awaiting regulatory clearance to introduce its own AI-driven service, Apple Intelligence, in the Chinese market. For the fiscal quarter ending 29 March 2025, Apple reported a 2.25% year-on-year decline in revenue from the Greater China region—which includes mainland China, Hong Kong, and Taiwan. This follows an 8% revenue drop for the fiscal year ending 28 September 2024, and a 2% decline the previous year, further underlining the company’s diminishing momentum in the region. In the first quarter of 2025, iPhone shipments in China plunged 9% year-on-year, making Apple the only brand among the top five vendors to post a decline, according to IDC. In sharp contrast, Xiaomi’s shipments surged 39.9%, and Huawei recorded a 10% increase during the same period. Sales figures echoed the trend. According to Counterpoint Research, iPhone sales declined 7.7% year-on-year in the first quarter, while Huawei saw its handset sales jump 28.5%. Despite these headwinds, there are signs of short-term reprieve. Deep discounts during China’s upcoming 618 shopping festival—the nation’s largest retail event outside of Singles’ Day—may help bolster iPhone sales. Moreover, the anticipated launch of the iPhone 17 series in September, expected to feature substantial hardware upgrades, could provide renewed momentum for Apple in the Chinese market. -South China Morning Post

News

Universal Studios Japan CEO Eyes Major Expansion Ahead of 25th Anniversary

OSAKA: Universal Studios Japan’s newly appointed Chief Executive Officer, Taku Murayama, has unveiled his strategic vision to further expand the park’s themed attractions, following the sustained success of areas such as Super Nintendo World. Mr Murayama, 53, officially took the helm at USJ LLC, the operating company behind the Osaka-based theme park, on Sunday. With the park’s 25th anniversary approaching in 2026, he emphasised a market-aligned development strategy: “We will develop in accordance with the market,” he stated. Universal Studios Japan has seen a resurgence in popularity since the launch of The Wizarding World of Harry Potter in 2014. Building on this momentum, the park expanded its Nintendo-themed offerings last year with the debut of the world’s first attraction area based on the iconic Donkey Kong series. The move was aimed at drawing an increasingly international audience while maintaining strong domestic appeal. Murayama, a Tokyo native and a long-serving member of USJ since 2000, holds a master’s degree from a United States university. He highlighted the World Expo, which opened in Osaka in April, as a significant catalyst for regional growth and synergy with the theme park. “The Expo is an extremely good touchstone for the development of the area,” he remarked. In addition, Murayama expressed a commitment to fostering collaboration with nearby integrated resort projects—including casino developments—currently underway adjacent to the park. “I want to help enliven Osaka together,” he said, pointing to mutual benefits in visitor attraction. Acknowledging ongoing labour shortages in Japan’s service sector, the new CEO affirmed a dual approach of technological integration and workplace enhancement: “We will actively adopt digital services and operate efficiently,” he stated, adding that improving the employee work environment remains a key priority. Murayama succeeds JL Bonnier, who had led the organisation since 2015. -Kyodo News

News

South Korea’s May Exports Slip 1.3% as US-China Tariffs Take Toll

SEOUL: South Korea recorded its first decline in exports in four months during May, as geopolitical trade tensions weighed heavily on shipments to its two largest markets—the United States and China. According to official government data released on Sunday, outbound shipments from Asia’s fourth-largest economy fell 1.3% year-on-year to $57.27 billion. Industry and Trade Minister Ahn Duk-geun attributed the downturn to the ongoing global trade conflict, intensified by U.S. President Donald Trump’s aggressive tariff policies. “Declines in exports to both the United States and China, the two biggest markets, suggest U.S. tariff measures are having an impact on the global economy as well as our exports,” he stated. Despite the overall decrease, the contraction was less severe than market expectations. A Reuters poll of economists had projected a 2.7% decline. On a working-day adjusted basis, exports actually rose by 1.0%. The setback comes shortly after Washington and Beijing reached a 90-day truce in mid-May, aimed at unwinding reciprocal tariffs. However, the fragile détente was called into question following President Trump’s recent accusations that China violated the terms of the agreement. The President also threatened to double global tariffs on steel and aluminium to 50%, raising fresh concerns across global supply chains. South Korea’s exports to the United States fell sharply by 8.1%, while shipments to China dropped 8.4%. In contrast, exports to the European Union saw a modest increase of 4.0%, and shipments to Taiwan surged 49.6%. Exports to Southeast Asia declined slightly by 1.3%. The technology sector remained a bright spot, with semiconductor exports rising 21.2% due to continued global demand for high-end memory chips. However, the automotive sector faced headwinds, with vehicle exports falling 4.4%, impacted by US tariffs and operational adjustments following Hyundai Motor’s launch of its new manufacturing facility in Georgia, United States. On the import side, South Korea recorded a 5.3% decline, bringing the total to $50.33 billion for May. This resulted in a trade surplus of $6.94 billion, the highest monthly surplus since June 2024. -Reuters

Scroll to Top

Subscribe
FREE Newsletter