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Etihad Airways Named Official Global Airline Partner of BWF

KUALA LUMPUR: Etihad Airways, the national airline of the United Arab Emirates, serves up an exciting new partnership with the Badminton World Federation, commencing in the 2025 season. As the exclusive Official BWF Global Airline Partner from 2025, Etihad will be present at prestigious BWF World Tour events as well as the BWF World Tour Finals, BWF World Championships, BWF Sudirman Cup Finals, and BWF Thomas & Uber Cup Finals. Arik De, Chief Revenue and Commercial Officer at Etihad Airways, said: “We are excited to welcome the Badminton World Federation to our global sports sponsorship portfolio. Badminton’s growing popularity around the world, and in particular across Asia, aligns perfectly with Etihad’s expanding network as we prepare to welcome 13 new destinations in 2025. “We value the opportunity to partner with sporting events and teams throughout the world and leverage the power of sports in uniting communities. With successful partnerships across a number of countries, we are able to reach viewers and fans spanning all corners of the globe, and we look forward to engaging with badminton fans worldwide in 2025,” De continued. “Our partnership with Etihad Airways marks a significant milestone for BWF as we align with a global leader in air travel,” said Thomas Lund, BWF Secretary General. “Badminton’s global reach continues to grow, particularly in Asia, where it is a cherished sport and Etihad’s extensive network in the region and beyond creates an excellent synergy with our goals. Together, we aim to elevate the sport’s visibility, engage fans worldwide and deliver unforgettable experiences at our premier tournaments. “Etihad Airways’ dedication to fostering connections through sports mirrors our commitment to uniting people through badminton’s universal appeal. From the Sudirman Cup to the World Tour Finals, this collaboration promises to enhance the fan experience, not just for those attending events but for millions following globally. We are excited to embark on this journey with Etihad Airways and look forward to an impactful partnership beginning in 2025.” As part of this partnership, Etihad will engage with fans of the popular sport at 21 tournaments taking place across 14 countries. Etihad will bring elements of its world-renowned Emirati hospitality and engaging experiences to fans attending the key tournaments. In addition, Etihad will create engaging digital content to connect with the wider global badminton community. Etihad and the BWF celebrated its exciting new partnership with a launch function at BWF Headquarters in Kuala Lumpur, Malaysia on Friday 10 January 2025. Speaking at the event were Dr. Nadia Bastaki, Etihad Chief People & Corporate Affairs Officer, and Thomas Lund, BWF Secretary General. Also present were star badminton players Lee Zii Jia of Malaysia and Alex Lanier of France. On Saturday 11 January 2025, Dr. Nadia Bastaki and BWF Deputy President, Khunying Patama Leeswadtrakul, announced the partnership to fans at the PETRONAS Malaysia Open 2025 at Axiata Arena. This strategic collaboration solidifies Etihad’s commitment to Asia, where it serves 28 cities with seven additional destinations launching in 2025, including Chiang Mai, Hanoi, Hong Kong, Krabi, Medan, Phnom Penh, and Taipei. The agreement between Etihad Airways and BWF was made in collaboration with BWF’s global commercial agency, Infront.

ESG, News

Heidelberg Materials Malaysia Cementing a Sustainable Tomorrow

Heidelberg Materials Malaysia, formerly known as Hanson HeidelbergCement Malaysia, has embarked on a rebranding journey, marking a pivotal milestone in its history. With a new name and an invigorated purpose, the company reaffirms its standing as Malaysia’s leading producer of high-quality construction materials while championing sustainability and cutting-edge innovation. This evolution highlights the company’s unwavering commitment to operational excellence, supported by over three decades of deep involvement in Malaysia’s construction infrastructure. Heidelberg Materials Malaysia’s new identity reflects its forward-thinking vision to lead the sector in driving sustainable development, all while continuing its legacy of quality, reliability, and innovation. Quality and Market Leadership Since 1992, Heidelberg Materials Malaysia has established itself as the leading producer of high-quality aggregates, asphalt, and ready-mixed concrete in the country. The company operates an extensive network of 16 strategically located quarries in addition to 17 asphalt plants, and 42 ready-mixed concrete plants. This robust and efficient infrastructure has supported landmark projects such as the Petronas Twin Towers, the Penang Second Bridge, and the Mass Rapid Transit (MRT) system in Kuala Lumpur and Selangor, underscoring its pivotal role in Malaysia’s growth and economic development. The construction materials industry is a fiercely competitive sector, driven by rapid urbanisation and increasing demand for sustainable solutions, even during challenging economic cycles. Over the decades, Heidelberg Materials Malaysia has navigated rising material costs, increasingly stringent environmental regulations, and evolving customer expectations to remain ahead. The company has not only weathered the industry’s challenges with resilience but thrived by setting itself apart with a renewed focus on leading the market into a greener, more innovative era. This rebranding aligns Heidelberg Materials Malaysia’s core values with that of its global parent company, further enhancing its capacity to deliver advanced solutions tailored to supporting local requirements while holistically adopting global best practices. Dan Ahern, Managing Director of Heidelberg Materials Malaysia said: “This rebranding marks a defining moment for Heidelberg Materials Malaysia. Sustainability and innovation are now the foundation of every aspect of our daily operations. By combining our global expertise with adeep understanding of domestic needs, we are formulating transformative solutions that will positively impact our customers, communities, and the environment.” Advancing Sustainability Sustainability is integral to Heidelberg Materials Malaysia’s core strategy. As a pioneer in green innovation, the company has introduced industry-leading products such as evoBuild™ Low Carbon Concrete, which achieves up to 40% carbon dioxide reduction and carbon emissions when compared to traditional materials. This product, certified by Malaysia’s official green certification body, MyHIJAU, exemplifies how the company plays a pioneering leadership role in sustainable construction. “We are setting new standards in the industry by embedding sustainability into all aspects of our processes,” added Mr. Ahern. “Our low-carbon solutions and use of recycled materials directly empower our customers to make environmentally responsible choices without compromising on quality and reliability.” At the heart of its success lies its unwaveringly dedicated workforce. The company has invested in continuous training, career development programs, and workplace safety initiatives, ensuring its employees thrive in a supportive and forward-thinking environment. By fostering streamlined process flows and a culture of collaboration and consistency, stakeholders and teams are empowered to drive meaningful change within the organisation and the broader industry. Collaborative Growth and Global Market Opportunities Heidelberg Materials Malaysia’s success is rooted in strong partnerships with regulatory bodies, research institutions, and its clientele. These collaborations foster innovation while delivering tailored solutions that meet specific project requirements. With an extensive footprint across Malaysia, the company is well-positioned to capitalise on opportunities in key sectors, including infrastructure projects, coveted residential developments, and green building initiatives. The company’s large-scale focus includes highways, bridges, and commercial developments, in line with the increasing demand for sustainable urban housing. By prioritising environmentally friendly construction materials, Heidelberg Materials Malaysia supports Malaysia’s vision of accelerating green development. Through integration with Heidelberg Materials’ global network, the company accesses a wealth of technical knowledge, case studies, and advanced proprietary technologies. This cross-border synergy allows Heidelberg Materials Malaysia to deliver world-class solutions that comply with local regulations and address specific customer needs in a bespoke yet structured manner. Its commitment to delivering quality, sustainable solutions cements its position as a trusted partner in the construction industry overall. This rebranding symbolises Heidelberg Materials Malaysia’s readiness to lead the nation into a greener, more innovative era of construction, building a better future for generations to come. The rebranding enhances Heidelberg Materials Malaysia’s appeal by aligning with the values of environmentally conscious customers while reinforcing its competitive edge and core competencies. The company’s proven track record, extensive expertise, and dedication to innovation ensure that its current portfolio of clients views Heidelberg Materials Malaysia as a strategic partner in their success. By aligning localised operations with global sustainability goals, the company demonstrates its readiness to lead Malaysia’s construction industry toward a sustainable and innovative future. For more information about Heidelberg Materials Malaysia and its innovative solutions, please visit https://www.heidelbergmaterials.my/.

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GP Bullhound welcomes Shahril Hamdan as Head of Southeast Asia

Tech advisory and investment firm GP Bullhound said it has appointed Shahril Hamdan as the firm’s new Head of Southeast Asia and Managing Director of the Kuala Lumpur office. “I’m thrilled to join GP Bullhound and lead our efforts in Southeast Asia. As a specialized global tech investor with a European base, I believe we have much to offer this region. Similarly, Southeast Asia’s dynamic growth trajectory presents unique opportunities for those who can connect the dots and build bridges between ideas, capital, and opportunity,” Shahril said in the company’s Linkedin post. According to GP Bullhound’s website, Shahril will be focusing on Southeast Asia, a growth region he believes holds increasing importance in the world. Shahril has had a varied career across the public and private sectors. This includes a stint in the Malaysian government as Economic Director at the Prime Minister’s Office, at McKinsey and Company where he served multinational and private equity clients across Southeast Asia, five years managing a mid-sized energy services company, and latterly, running his own private markets advisory. Alongside his work with GP Bullhound, Shahril co-hosts and co-owns a podcast company, where he enjoys bringing interesting conversations to a broader public. Shahril holds a BA in Economics from the University of Manchester and an MSc in Postcolonial Studies from the London School of Economics. GP Bullhound is a technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, US and Asia, its Linkedin page showed.–TNGLOBAL

Investment & Market Trends, News

Oriental Kopi Hits 70.5% Premium

KUALA LUMPUR: Food and beverage (“F&B”) services cafe chain operator, Oriental Kopi Holdings Berhad (“Oriental Kopi” or the “Company”) (“华阳餐飲集团”), has successfully debuted on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The stock is categorized under the Consumer Products & Services sector and trades under the stock name KOPI with the stock code 0338. Expanding Cafe Operations and Packaged Food Business Oriental Kopi, through its subsidiaries (collectively referred to as the “Group”), primarily operates cafe chains and distributes and retails its brands of packaged foods. The Group’s cafes, branded as Oriental Kopi, offer food & beverage (“F&B”) services and sell its packaged food products in-store. Since opening its first cafe in December 2020, Oriental Kopi has grown rapidly, currently operating 19 owned-and-operated cafes across Malaysia. The Group has also expanded internationally with its first overseas cafe in Singapore’s vibrant Bugis Junction, established through a joint venture with Paradise Group Holdings Pte Ltd. In addition, Oriental Kopi manages a specialty retail store located in St. Giles Southkey Hotel, Johor. Its cafes are strategically located in high-traffic areas such as shopping malls, shop lots, and the retail mall at Kuala Lumpur International Airport 2. Strong Market Debut At the opening bell, Oriental Kopi’s share price opened at 75 sen, marking a 70.5% premium over its IPO issue price of 44 sen, with an opening trading volume of 65,584,700 shares. This impressive debut follows an oversubscription of approximately 60 times during its IPO, reflecting strong investor confidence in the Company’s business model and growth potential. Strategic Growth Plans Dato’ Chan Jian Chern (拿督陈建丞), Managing Director of Oriental Kopi, remarked: “Today marks a defining moment for Oriental Kopi as we embark on an exciting new chapter as a publicly listed company. Over the past four years, our team’s dedication, hard work, and passion have propelled us to achieve this remarkable milestone. With the proceeds from our IPO, we are strategically positioned to accelerate our growth and seize new opportunities in the F&B industry.” A significant portion of the IPO proceeds, amounting to RM53.7 million (29.2%), will be allocated to establish a new head office, central kitchen, and warehouse (“New Operational Facility”) in Selangor. The facility, spanning approximately 108,448 square feet, will centralize management functions, streamline F&B operations, and enhance storage and distribution efficiency. Allocation of IPO Proceeds The remaining IPO proceeds are allocated as follows: RM75.8 million (41.2%) for working capital requirements RM36.4 million (19.8%) for cafe chain expansion across Malaysia RM5.0 million (2.7%) for growing the packaged foods segment RM5.5 million (3.0%) for marketing activities in international markets RM7.6 million (4.1%) to cover listing expenses Impressive Financial Growth Oriental Kopi has demonstrated remarkable financial growth: Revenue increased from RM5.0 million in FY2021 to RM277.3 million in FY2024, achieving a 3-year compound annual growth rate (CAGR) of 280.9%. Profit after tax improved significantly, transitioning from a loss of RM0.5 million to a net profit of RM43.1 million during the same period. Future Outlook Dato’ Chan added: “Looking ahead, we are well-positioned to capture the growth potential driven by economic expansion, rising household spending, and increasing tourism. Our dedication to serving authentic, high-quality Malaysian cuisine, coupled with targeted strategic initiatives, will drive sustainable long-term value for our shareholders while reinforcing Oriental Kopi’s position in Malaysia’s F&B industry.” IPO Advisors Alliance Islamic Bank Berhad acted as the Principal Adviser, Sponsor, Sole Underwriter, and Placement Agent for the IPO exercise.

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Lending Interest to Rise in Southeast Asia Post-Lunar New Year

SINGAPORE: UnaFinancial’s recent analysis of Google search queries related to lending in Southeast Asia shows a consistent spike in March over the past four years. During this period, the requests increase on average by 17.8% compared to the previous month. This pattern suggests a correlation with the financial impact of Lunar New Year celebrations, typically held in late January or February. As for the traditional New Year, the interest in lending products tends to fall in December and shows only a modest increase in January. According to UnaFinancial, the consistent rise of search activity in March, coupled with strong cultural drivers, suggests a predictable trend for 2025. The analysts anticipate that the interest in lending may grow again by 15-20% in March.   “Lunar New Year is a time deeply associated with renewal,” explain the analysts. “Families across the region often make significant purchases during this time and allocate much of their budget to festive celebrations. Borrowing afterward becomes a practical solution to replenish their household finances.”   The consumer behaviour during the holidays is also confirmed by a survey conducted by Milieu Insights in late 2023. It revealed that 52% of respondents across Southeast Asia planned to increase their spending for the 2024 Lunar New Year compared to the previous year, which demonstrates the region’s commitment to celebrating the festive occasion.  

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New Relic Appoints Simon Lee as SVP & MD for Asia-Pacific and Japan

SINGAPORE: New Relic, the Intelligent Observability company, announced the appointment of Simon Lee as Senior Vice President and Managing Director of Asia-Pacific and Japan (APJ). Lee will play an integral role in ensuring the continued success of New Relic’s APJ business as it continues to expand across the region. With extensive leadership experience in the technology sector, Lee has a proven track record of achieving significant growth for market-leading global companies throughout Asia Pacific. Prior to New Relic, Lee held the position of Vice President, Asia Pacific & Japan at Gigamon, as well as senior leadership positions at Oracle, Fluke Networks, SAP, and Seagate Technology.   Businesses across Asia Pacific and beyond are investing heavily in observability to optimise operations, cut cloud costs, enhance customer experiences, and gain valuable insights. IDC’s Asia Pacific Whole Cloud Forecast, 2024-2027 report found that Asia Pacific cloud spend is expected to grow at a CAGR of 17.3% and reach $US329.1 billion by 2027. The New Relic Intelligent Observability Platform enables businesses to optimise their operations by addressing spiraling cloud cost and tool proliferation, while improving customer experiences.   “The Asia-Pacific region is culturally diverse and highly customer-centric with endless potential for growth,” said New Relic Chief Revenue Officer Chris Jones. “The depth and breadth of experience Simon brings to our team will propel New Relic’s Asia-Pacific business to new heights as we continue to expand through scaling our high-performing teams, while delivering great value to our customers.”   Based in Singapore, Lee will join an established regional leadership team including Vice President of South Pacific Sales Jason Leonidas, Vice President of Customer Adoption Rob Newell, and other key senior leaders.   “New Relic is a proven market leader in the observability space with a strong and growing customer base, innovative product, and incredible team,” said New Relic Senior Vice President and Managing Director of Asia Pacific and Japan, Simon Lee. “The observability market has immense potential for adoption and growth across businesses of all sizes. It’s clear that observability will be critical for digitally savvy organisations in 2025 and beyond, and I’m looking forward to meeting our customers and partners as we continue to help them solve their most pressing business needs.”   New Relic has seen remarkable growth in the Asia-Pacific region in recent years, especially in Japan, Australia, and India. Since opening its first Indian office in Bengaluru in March 2022, the company has expanded rapidly within the country with the team growing by approximately 400% in 2024. The company also launched the Hyderabad Innovation Center in October 2022, and relocated to a larger +500 seat facility.

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Pertama Digital Berhad Appoints Lim Nasrul Halim As CEO Designate

Pertama Digital Berhad (PDB) announces the appointment of  Lim Nasrul Halim as its CEO, Designate, heralding a bold new era in the company’s mission to revolutionise Malaysia’s digital ecosystem with impactful, inclusive, and innovative solutions. At 40, Mr. Halim brings nearly two decades of experience as a transformative corporate strategist, having driven groundbreaking results across technology, venture capital, private equity, and global brand expansion. During his 20 years of corporate leadership, Mr. Halim has held key roles across diverse industries, including guiding a government-linked corporation (GLC) in Malaysia, contributing to Enterprise Development Centre Singapore (EDC), and spearheading growth for global tech companies and renowned international brands. His ability to execute large-scale strategies and deliver sustainable growth underscores his expertise in navigating complex markets, fostering innovation, and achieving transformative business outcomes. As CEO, Designate, Mr. Halim will spearhead several high-impact initiatives at PDB designed to position the company as a frontrunner in Malaysia’s digital transformation. Key among these is the delivery of PDB’s regularisation plan, encompassing the strategic acquisition of Kridentia Tech Sdn. Bhd., a leader in digital identity and biometrics, and a surveillance technology company based in Singapore, which will strengthen PDB’s portfolio of cutting-edge digital security and identity solutions. In a move to expand its global footprint, PDB has signed a Memorandum of Understanding (MOU) with Ruya Holdings Limited, a Dubai-based company, to co-develop advanced identity and biometrics solutions powered by artificial intelligence. This collaboration will leverage the combined expertise of both companies to set new benchmarks in secure and innovative digital technologies. Mr. Halim will also oversee the expansion of KOCEK, PDB’s innovative platform for inclusive financial transactions, in partnership with local financial institutions. This expansion includes the development of a targeted digital solution for school children, aimed at cultivating financial literacy and enabling cashless transactions in schools. Additionally, PDB is introducing a tailored solution for small-scale traders, designed to bridge the digital divide by providing underserved communities with critical and affordable financial tools. This initiative will empower traders in the B40 segment to access opportunities and thrive in the digital economy. “This is a defining moment for Pertama Digital Berhad and for Malaysia’s digital transformation,” said Halim. “I am honoured to lead PDB as we embark on a journey to empower communities, create meaningful impact, and push the boundaries of what is possible with technology. By driving strategic acquisitions, forging groundbreaking collaborations, and expanding platforms like KOCEK, we aim to deliver solutions that uplift lives, enable businesses, and transform Malaysia into a truly inclusive digital nation.” “This is an exciting time for Pertama Digital Berhad as we embark on a transformative journey under Halim’s leadership,” said Datuk Ahmad Nazri bin Abdullah, Chairman of PDB. “Halim’s extensive experience and visionary approach will undoubtedly propel PDB to new heights. We are confident that his strategic expertise and commitment to innovation will enable us to deliver impactful solutions that address the needs of Malaysians and position us as a leader in the digital ecosystem.”

Datuk Muhamad Umar Swift, CEO, Bursa Malaysia (right) facilitating the question and answer session with YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia (left)
Investment & Market Trends, News

Invest Malaysia London 2025

KUALA LUMPUR: Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), in collaboration with CIMB Group (CIMB) and HSBC Malaysia (HSBC), concluded the first edition of its Invest Malaysia 2025 series (“Invest Malaysia” or “IM London 2025”) on 17th January 2025. Themed “Malaysia’s Economic Resurgence, Driving ASEAN’s Growth,” this flagship capital market conference continues to promote Malaysia as a compelling investment destination. It offers institutional investors and fund managers valuable insights into Malaysia’s macroeconomic outlook, market prospects, and listed companies on the Exchange. Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia, highlighted in his opening remarks Malaysia’s economic resilience, showcasing the results of progressive national policies and reforms, while striving for stronger growth and innovation. YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia, delivered the keynote address, emphasizing the strategic significance of the United Kingdom’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This milestone marks the first-ever Free Trade Agreement between the UK and Malaysia, positioning the UK closer to key Southeast Asian markets and reinforcing Malaysia’s role as a gateway to ASEAN. The Prime Minister elaborated on Malaysia’s appeal as a preferred investment destination in Asia Pacific, underpinned by strong GDP growth, low inflation, a robust capital market, and transformative policies under the MADANI economic framework. He also emphasized Malaysia’s leadership in the global semiconductor value chain, data center advancements, green energy, and artificial intelligence (AI) as key investment magnets. As ASEAN Chair this year, Malaysia is championing the region’s role as an economic and diplomatic counterbalance in a fragmented global landscape. ASEAN’s openness, inclusivity, and infrastructure investment needs present significant opportunities for international collaboration. The Prime Minister highlighted Malaysia’s leadership in fostering harmonized approaches within ASEAN through initiatives like the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) and reaffirmed Malaysia’s commitment to global trade and partnerships, such as its collaboration with BRICS and the Johor-Singapore Special Economic Zone (JSSEZ). A fireside session with YB Datuk Seri Utama Tengku Zafrul Aziz, Minister of Investment, Trade & Industry of Malaysia (MITI), moderated by Dato’ Omar Siddiq, CEO of HSBC Malaysia, underscored Malaysia’s investment resilience amid geopolitical shifts. The Minister discussed industrial reforms to ensure economic security and sustainability, Malaysia’s non-aligned stance, and the strategic advantages of BRICS and CPTPP, including significant trade opportunities with the UK. A second fireside chat featured Datuk Johan Merican Mahmood, Secretary General of Treasury, and Dato’ Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, moderated by Michelle Chia, Head of Group Wholesale Banking Treasury & Market Research at CIMB. They discussed Malaysia’s macroeconomic strategies, investment opportunities, and resilience amidst global trade tensions. The conversation also focused on fiscal policies, the management of the ringgit, and Malaysia’s attractive investment landscape supported by its stable credit rating. Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, stated, “Bursa Malaysia’s Invest Malaysia series continues to enhance Malaysia’s profile among global fund managers and institutional investors. Invest Malaysia London 2025 highlights Malaysia’s remarkable economic growth, driven by political stability and clear economic policies, to UK investors, demonstrating our commitment to becoming a more innovative, competitive, prosperous, and sustainable nation.” Since 2005, 59 Invest Malaysia Away editions have been held globally, with IM London 2025 marking the 60th edition. Approximately 200 delegates attended the session, including foreign fixed income, equity, and private equity investors, with a combined AUM exceeding RM228 trillion (approximately USD50.7 trillion). Bursa Malaysia extends its appreciation to its partners – CIMB Group and HSBC Malaysia – for their invaluable support in making Invest Malaysia London 2025 a success.

Lim Chee Gay, Managing Director, Global Operations Centre (GOC), Kuala Lumpur
News

The Access Group Appoints Lim Chee Gay to Lead Kuala Lumpur Operations

KUALA LUMPUR: The Access Group, one of the largest UK-headquartered business management software providers, has appointed Lim Chee Gay as the new Managing Director of their Global Operations Centre (GOC) in Kuala Lumpur, Malaysia, effective 1 January 2025. The appointment marks a milestone in the Group’s regional and global growth strategy. Following the launch of its new GOC in November 2024, it – alongside the other Access GOCs throughout the world – will support 40% of the Group’s global staffing needs, and deliver excellence in product engineering, customer support, customer success, sales marketing and operations. Chee Gay’s appointment is also a reflection of the Group’s ambition to build a global backbone of world-class innovation hubs that empower customers, attract top talent, drive advancements in products and AI, accelerate sales growth and deliver operational excellence. Through the newly launched GOC, Access further expects to create over 1,000 new jobs in Kuala Lumpur by calendar year 2027 and is aligned with Malaysia’s modern services aspirations, namely, to build an agile and competent local talent pool and create 500,000 high-value digital jobs by 2025. A Leader Rooted in Excellence and Transformation Driven by his passion for innovation, Chee Kay brings a wealth of experience in helping global companies scale operations and drive transformation in dynamic industries. Most recently, he was the Global Chief Human Resources Officer at TDCX, a Singapore-based leading provider of business process outsourcing (BPO) services, where he and the senior leadership team spearheaded the company’s expansion from 3,000 to 19,000 employees and successfully established 10 new operational sites within seven years. His 29-year career journey encompasses significant leadership roles at organisations, including AIA, Samsung, T-Systems, and Intel, where he not only held key positions but also played a pivotal role in driving growth, innovation, and transformational initiatives. Recognised as one of Southeast Asia’s HR Icons, Chee Gay’s strategic acumen and passion for innovation continue to inspire meaningful organisational growth. He is also Adjunct Professor and Advisory Board Member at several universities, a further testament to his commitment to discovering and developing future talent.   Commenting on his new role, Chee Gay said: “Access has a clear vision as a premier technology solutions provider, delivering exceptional value through operational excellence and innovation.This is an exciting time to join Access, following an exceptional local reaction in Malaysia and wider APAC to our launch. We have a strong foundation upon which to build, now is the perfect time to deepen our connections within the community and deliver even greater value to our customers. I am personally committed to making our new GOC world class and I look forward to working with our talented team to grow the business and attract the best skills across APAC for Access.”   Chris Bayne, CEO, The Access Group said: “Our GO Centres in Loughborough, Timișoara, and Kuala Lumpur are instrumental in driving innovation, enabling faster M&A integration and providing exceptional customer experiences on a global scale. We are delighted to welcome Chee Gay into the Group. Under his leadership in Kuala Lumpur, we are confident that he will further strengthen its position as a critical hub in our global network – fostering collaboration, innovation and excellence.”

Anton Tan, Chief Officer of Product Solutions at AHAM Capital
Investment & Market Trends, News

AHAM Capital Declares Income Distribution of RM 1.11 Billion

KUALA LUMPUR : AHAM Asset Management Berhad (“AHAM Capital” or “the Company”) has declared a total income distribution of RM1.11 billion for the financial year 2024, spanning across 89 wholesale and retail funds managed by the Company. These funds encompass a diverse set of strategies and asset classes, including equities, bonds, and mixed assets. Anton Tan, Chief Officer of Product Solutions of AHAM Capital, said: “We are delighted to reaffirm our commitment to delivering consistent income to investors, with average distribution yields ranging between 4.0% – 8.0% across our funds. In 2024, our strategic positioning in Malaysian equities paid off, supported by strong market performance driven by policy reforms and a surge in foreign direct investments. Additionally, easing inflationary trends and interest rate cuts by the US Federal Reserve created a supportive backdrop for fixed income markets, contributing to the overall stability of our income strategies.” Looking ahead to 2025, Anton added: “As the global stage shifts under Trump’s new administration, alongside heightened geopolitical tensions and persistent currency volatility, the need for diversification is more critical than ever. Income strategies help provide a cornerstone for portfolio resilience by offering stability and capital preservation in an uncertain environment. “While the pace of rate cuts may slow, and interest rates could remain higher-for-longer, the current environment still offers a rare window for income-seeking investors to lock in higher yields today. We remain steadfast in our commitment to providing globally diversified solutions spanning different strategies, assets, and currency classes to help our clients recalibrate and position for the year ahead.” The Company’s Select and World Series funds delivered strong income distribution yields ranging from 4.0% to 8.0% across various asset classes and strategies. Notable highlights include: AHAM World Series – Income Fund: Achieved an impressive yield of 8.3% by capitalizing on global income opportunities. AHAM Select SGD Income Fund and AHAM Select AUD Income Fund: Each recorded yields of 4.50%, offering investors the advantages of currency diversification. In the Shariah-compliant segment: AHAM Aiiman Income Plus Fund: Delivered a competitive yield of 4.50%. AHAM Aiiman Quantum Fund: Achieved a yield of 4.60%. As of 31 December 2024, AHAM Capital’s total Assets Under Administration (AUA) stood at approximately RM89.0 billion, encompassing assets under management, investment advisory, and those under distribution.

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