Malaysia

Investment & Market Trends, Property

Radium Development Berhad Reports 45% Revenue Growth

KUALA LUMPUR: Radium Development Berhad (KLSE: RADIUM) has posted a strong start to the financial year ending 2025, recording RM40 million in revenue for the first quarter (1Q FYE2025), marking a 45.3% increase from RM27.5 million in the same period last year. Profit before tax (PBT) edged up to RM4.1 million compared to RM3.9 million previously. The solid financial performance was supported by contributions from ongoing projects including: Suite Canselor @ Ampang Vista Adesa Radium Adesa @ Sungai Besi Radium Arena @ Old Klang Road As of 31 March 2025, Radium reported a cash position of RM231.1 million and a gross gearing ratio of 0.15 times, reflecting strong financial discipline. Expanding Pipeline and Strategic Landbank Growth The Group continues to build on its robust project pipeline, with notable developments such as: Vista Adesa and Radium Adesa @ Sungai Besi (Residensi Wilayah and suite apartments) — GDV: RM1 billion Radium Arena @ Old Klang Road — 988 units, GDV: RM518 million Upcoming JV in Kepong — GDV: RM400 million, launch targeted for 2H 2025 Radium has also strengthened its landbank with acquisitions in Cheras, Kuala Lumpur (GDV: RM2.54 billion) and Ampang, Selangor (GDV: RM470 million), ensuring a healthy pipeline for future developments. Strategic Diversification into Healthcare In a significant strategic shift, Radium announced plans to diversify into the healthcare sector. Through a wholly-owned subsidiary, the Group will develop a hospital in Melaka, aimed at establishing a recurring income stream to complement its core property development business. Datuk Gary Gan Kah Siong, Group Managing Director of Radium, commented: “Our first quarter results demonstrate sustained demand and the effectiveness of our strategic initiatives. The proposed hospital in Melaka marks a meaningful expansion into a new sector, aligned with our goal of building a resilient and sustainable business.” Radium remains committed to expanding its footprint within the Klang Valley, exploring synergistic business opportunities, and maintaining prudent financial management as it pursues long-term growth.

ESG

Sunway Sanctuary and JSC Foster Intergenerational Bonds Through Community Walk and Human Library Session

In a heartfelt display of intergenerational collaboration, Sunway Sanctuary and the Jeffrey Sachs Center (JSC) came together for “Steps We Share: Exploring Neighbourhood with Our Elders,” a community initiative designed to bridge generations through shared experiences and dialogue. Held on Saturday, the event brought together 40 participants, including residents of Sunway Sanctuary, Sunway University students and alumni, and staff members from both institutions. The event forms part of a broader CSR initiative that focuses on emotional and mental wellness for the elderly through social interaction and companionship. “Steps We Share is more than just a walk—it’s a meaningful exchange between generations, where new friendships are formed, and connections are strengthened,” said Leonard Theng, General Manager of Sunway Sanctuary. “This collaboration reflects our commitment to enriching senior well-being through engagement and companionship.” Experiencing the Outdoors, Sharing Life Stories The day began with an outing to Sunway Lagoon, where participants explored the park’s accessibility features and enjoyed light physical activity in a relaxed outdoor setting. The trip offered a refreshing change of pace for residents while highlighting the importance of inclusive public spaces. Following the excursion, the group gathered back at Sunway Sanctuary for a Human Library session, where residents and students shared personal stories and insights. This component encouraged knowledge exchange and provided practical learning opportunities, particularly for Master in Sustainable Development Management (MSDM) students exploring issues like caregiving, accessibility, and sustainable urban living. Building a Culture of Care and Inclusion The initiative underscores the shared goal of holistic, people-centred sustainability, merging academic insights with community engagement. By fostering empathy and cross-generational learning, it paves the way for more inclusive and connected communities. The event marks a meaningful step forward in Sunway’s ongoing efforts to create age-friendly ecosystems while equipping young leaders with real-world perspectives that shape socially conscious practices.

Investment & Market Trends

Bursa Malaysia Launches Shares2U to Encourage Greater Retail Investor Participation

KUALA LUMPUR: Bursa Malaysia Berhad has launched Shares2U, an innovative securities transfer scheme aimed at increasing retail investor engagement and participation in the capital market. The initiative allows Participating Organisations (POs), including banks and brokerages, to reward retail investors with listed shares through marketing campaigns. This marks a strategic move to modernise investor outreach and incentivise both new and existing participants in the stock market. Shares2U is tailored to suit a wide range of investor profiles—motivating new investors to enter the market, encouraging dormant account reactivation, and rewarding active investors. It supports brokers in running dynamic and value-driven campaigns by offering listed shares as incentives for completing specific actions, such as: Opening a Central Depository System (CDS) account Depositing funds Executing trades Dato’ Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia, stated that Shares2U reflects the Exchange’s commitment to fostering a more inclusive and vibrant capital market. “Today’s investors, especially younger, digitally-savvy ones, want more than just access—they expect personalisation and value. Shares2U gives our brokers the tools to meet those expectations while growing Malaysia’s retail investor base,” he said. The scheme has undergone thorough development in collaboration with the Securities Commission Malaysia (SC) to ensure strong investor protection and operational viability. Industry feedback from POs was also integral in shaping the initiative. Initially, seven POs will implement Shares2U in their campaigns: AmInvestment Bank CGS International Securities Malaysia Hong Leong Investment Bank Kenanga Investment Bank Malacca Securities Maybank Investment Bank Moomoo Securities Malaysia Bursa Malaysia is encouraging more POs to adopt Shares2U to tap into its potential for investor acquisition and retention.

News

Najib Initiates Contempt Proceedings Against Former Attorney-General

KUALA LUMPUR: Former Malaysian Prime Minister Datuk Seri Najib Razak has filed contempt proceedings against former Attorney-General Tan Sri Ahmad Terrirudin Mohd Salleh, now a Federal Court judge, over allegations of concealing a royal addendum order related to his incarceration. The application for leave to initiate contempt proceedings was filed on May 21 by legal firm Messrs. Shafee & Co., acting on behalf of Najib. The action stems from claims that Ahmad Terrirudin knowingly withheld the existence of an addendum order, purportedly issued by the former Yang di-Pertuan Agong, that allowed Najib to serve the remainder of his sentence under house arrest. According to the legal team, the addendum order, dated 29 January 2024, was delivered to Najib through his son, Datuk Mohamad Nizar. The authenticity of the document was allegedly confirmed in writing by the Pahang Royal Council on 4 January 2025. The legal firm asserts that the addendum order explicitly directed Ahmad Terrirudin to enforce the decree. However, despite being aware of its contents, the former attorney-general is accused of instructing his legal officers to mislead the High Court during proceedings by characterising Najib’s claims as unsubstantiated and speculative. “Our client believes that by choosing to mislead the High Court, the former attorney-general has brought the administration of justice into disrepute,” the firm stated. “Given his current position as a Federal Court judge, it is crucial that he be given an opportunity to address these serious allegations and, if necessary, purge the contempt.” The statement emphasised that as a public officer, Terrirudin had a legal duty to be fully transparent with the Court. It cited both Malaysian and international legal principles that require full disclosure of all relevant facts in judicial reviews. “A deliberate failure to disclose such material undermines public confidence in the justice system and may amount to obstruction of justice,” the firm added. Najib is currently serving a six-year prison sentence for misappropriating RM42 million from SRC International Sdn Bhd, a subsidiary of the troubled 1Malaysia Development Berhad (1MDB). Initially sentenced to 12 years in prison and fined RM210 million, his sentence was commuted in 2022 following a royal pardon request, reducing his term and financial penalty to six years and RM50 million respectively. The filing of contempt proceedings raises fresh legal and constitutional questions over the interpretation and enforcement of royal decrees within Malaysia’s judicial framework, and may have broader implications for the transparency of the country’s legal institutions.–NST

News

Russian Helicopters Honours Malaysian Operators at LIMA 2025

LANGKAWI: Russian Helicopters, a subsidiary of State Corporation Rostec, celebrated decades of successful collaboration with Malaysian aviation partners by recognising the Fire and Rescue Department of Malaysia (BOMBA) and its after-sales service provider, AIROD, during the 17th Langkawi International Maritime and Aerospace Exhibition (LIMA 2025). The ceremony acknowledged BOMBA’s long-standing reliance on Russian-made helicopters, particularly the Mi-17 series, which have formed the core of its operational fleet for over 30 years. A Mi-17 helicopter from BOMBA’s fleet was also featured at the exhibition, symbolising this enduring partnership. “These helicopters play a vital role in safeguarding Malaysia’s national interests. They help save lives and protect the country’s unique natural environment. Their consistent and trouble-free performance in tropical and maritime conditions is a testament to the reliability, safety, and efficiency of Russian helicopters,” the company stated. Russian Helicopters’ presence at LIMA 2025 extends beyond the awards ceremony, with a display of three advanced rotorcraft models, each tailored to diverse operational needs: Mi-171A3: Designed for the oil and gas sector, this multi-purpose helicopter is engineered for transporting personnel and cargo to offshore platforms, as well as conducting offshore search and rescue missions. Ka-32A11M: The latest evolution in the renowned Ka-32 line, this firefighting helicopter is equipped with a new Russian-made SP-32 water tank. The 4-tonne capacity system features digital controls and improved ergonomics for efficient water intake and discharge. Ansat: A lightweight, multi-role helicopter offering high manoeuvrability, a convertible cabin, and user-friendly operation, ideal for a range of civil and emergency tasks. Held biennially since 1991, LIMA has grown to become the Asia-Pacific region’s premier aerospace and maritime event. This year’s edition reaffirms the strategic role of Russian Helicopters in supporting Malaysia’s emergency response and aviation capabilities, while also highlighting the firm’s commitment to innovation and global partnerships.

News

AirAsia Secures RM99.5 Million Charter Service Deal to Support Malaysian Armed Forces Mobility

LANGKAWI: AirAsia has formalised a charter service, including special aircraft leasing with the Malaysian Armed Forces (ATM) until 1 August 2027. This service highlights AirAsia’s commitment to leveraging its vast domestic network and high-frequency flights to provide reliable and efficient transportation solutions for the ATM. The contract, valued at RM99.5 million encompasses both daily charters and special charter arrangements, covering domestic routes throughout Malaysia. AirAsia will facilitate the movement of ATM personnel using commercial flights from Monday to Friday for duty and welfare travel in tandem with AirAsia’s existing commercial flight schedule, ensuring seamless integration while maintaining passenger convenience. Additionally, there will be a special charter arrangement involving the exclusive rental of the entire aircraft, dedicated solely to ATM personnel, without mixing with commercial passengers. Dato’ Captain Fareh Mazputra, AirAsia Malaysia CEO said: “We are proud to strengthen ties with our long-standing partner, the Malaysian Armed Forces. As the airline with the most extensive domestic network with 38 routes and the highest flight frequencies in Malaysia with more than 1,100 flights weekly, we are well-equipped to support the ATM’s mobility needs. As the people’s airline, this partnership reaffirms our commitment to continue serving the nation and supporting government initiatives.” In addition to air travel, the contract includes comprehensive services such as in-flight meals, luggage handling, and logistical support from the airport to military camps, both ways to ensure the comfort and well-being of ATM personnel during their movements.

News

New Aerospace Academy Sarawak to be Established by Aviation Design Centre and CENTEXS

LANGKAWI: In a landmark development announced at LIMA 2025, Aviation Design Centre Sdn Bhd, an associate company of National Aerospace & Defence Industries (NADI) and the Centre for Technology Excellence Sarawak (CENTEXS), a wholly owned subsidiary of Yayasan Sarawak, have entered into a strategic joint venture to establish Aerospace Academy Sarawak Sdn Bhd. This collaboration marks a significant milestone in advancing Sarawak’s aerospace capabilities, aimed at nurturing local talent  and strengthening Malaysia’s position in the regional aerospace ecosystem. The new academy is envisioned to become a premier institution for aerospace manufacturing and Maintenance, Repair & Overhaul (MRO) training in East Malaysia and eventually, nationwide. The milestone was marked by an official handover ceremony of the Certificate of Incorporation, signifying the formal partnership invitation for the establishment of Aerospace Academy Sarawak. The certificate was presented by Aviation Design Centre to CENTEXS, symbolising the beginning of a strong partnership aimed at cultivating a skilled local workforce to serve the expanding aerospace sector. Presently both partners are already training nearly 100 youths since November 2024 at Lundu and Subang campuses. Aerospace Academy Sarawak will offer industry-aligned programs tailored to global standards, empowering Sarawakian and Malaysian youth with cutting-edge technical capabilities in aerospace manufacturing and MRO. The collaboration merges Aviation Design Centre’s robust industry expertise with CENTEXS’s excellence in technology training, testbeds and commercialisation. “This partnership will be a strategic milestone not just for our organisations but for the entire State of Sarawak and Malaysia” said En Ezry Bakar Ahmad, Managing Director of Aviation Design Centre. “Together, we aspire to establish Sarawak and Malaysia as a regional hub for aerospace talent and innovation.” Dato’ Haji Syed Mohd Hussein bin Wan Abdul Rahman, Chief Executive Officer of CENTEXS, added: “CENTEXS is proud to be part of this forward-thinking initiative. The Aerospace Academy will open doors for our youth to enter high-value, high-tech industries, supporting Sarawak’s and Malaysia’s long-term vision for a diversified economy.” The formation of the academy supports Sarawak’s broader industrial transformation agenda and is expected to play a pivotal role in creating high-skilled job opportunities and advancing the local aerospace ecosystem. If this is successful, the business model can be established nationwide.

News

Russian Helicopters celebrates operators of Russian rotorcraft at LIMA 2025

LANGKAWI: Russian Helicopters, part of State Corporation “Rostec”, handed out awards to representatives of Malaysia’s Fire and Rescue Department (BOMBA) and its after-sales service provider, AIROD. For about 30 years, BOMBA has consistently used only Russian-made helicopters. The ceremony took place during the 17th International Maritime and Aerospace Exhibition LIMA 2025. Russian-built Mi-17 helicopters are widely used in Malaysia, forming the backbone of the Fire and Rescue Department’s fleet. One of these Russian-built helicopters from the Department’s fleet is on display at LIMA 2025. “These helicopters play a vital role in safeguarding Malaysia’s national interests. They help save lives and protect the country’s unique natural environment. Their consistent and trouble-free performance in tropical and maritime conditions is a testament to the reliability, safety, and efficiency of Russian helicopters,” commented Russian Helicopters. At the show, Russian Helicopters are also showcasing three models of rotorcraft: the Mi-171A3 helicopter, the Ka-32A11M firefighting helicopter, and the Ansat helicopter. The multi-purpose Mi-171A3 helicopter was developed to meet the needs of oil and gas companies. It is designed to transport people and cargo to offshore drilling platforms, and to carry out offshore search and rescue operations. The Ansat is a lightweight, versatile helicopter that offers high manoeuverability, a spacious convertible cabin, and ease of operation. The Ka-32A11M is the latest addition to the legendary Ka-32 family of helicopters. Operators from various countries agree that it is one of the best firefighting helicopters. The upgraded rotorcraft is fitted with a new Russian-made SP-32 water tank. With a capacity of up to 4 tonnes of water, it features digital controls and enhanced water intake and discharge ergonomics. The Langkawi International Maritime and Aerospace Exhibition (LIMA), the largest event of its kind in the Asia-Pacific region, has been held every two years since 1991.

News

Royal Malaysian Navy Celebrates 25,000 Operational Flying Hours for AS555SN Fennec Fleet

LANGKAWI: The Royal Malaysian Navy (RMN) has achieved a significant operational milestone, recording 25,000 flying hours for its fleet of AS555SN Fennec helicopters. The achievement was commemorated in a ceremony held during the Langkawi International Maritime and Aerospace Exhibition (LIMA) 2025. Airbus Helicopters Vice President and Head of Sales & Marketing for Asia Pacific, Thomas Zeman, presented an award to Vice Admiral Dato’ Ts Shamsuddin bin Hj Ludin, Deputy Chief of the Royal Malaysian Navy, in recognition of the fleet’s operational excellence. In service since 2004, the RMN operates six AS555SN Fennec helicopters. The two-tonne multirole aircraft play a crucial role in the Navy’s air operations, primarily used for lead-in training and to support various naval missions. The milestone highlights the reliability and sustained performance of the Fennec fleet over two decades of service, underlining the Navy’s commitment to maintaining high operational standards in maritime aviation.

ESG

Hitachi Vantara Unveils FY2024 ESG Milestones

KUALA LUMPUR:  Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi, Ltd. (TSE: 6501), today released its FY2024 Sustainability Report, marking the second edition of its annual ESG progress and transparency reporting. Building on last year’s inaugural report, this year’s edition outlines Hitachi Vantara’s progress in sustainability, highlighting advancements in energy-efficient infrastructure, reductions in carbon emissions and responsible business practices. It showcases Hitachi Vantara’s key achievements in FY2024, including ENERGY STAR® certification for multiple storage solutions, the expansion of global greenhouse gas (GHG) management and new sustainability tools that help customers track energy and carbon usage. As businesses increasingly rely on AI and data-intensive workloads, the demand for power continues to grow, leading to higher energy costs and greater environmental impact. According to a 2024 Department of Energy report, data centers consumed 4% of U.S electricity last year and could reach up to 12% by 2028. Navigating this challenge requires solutions that balance performance with efficiency – helping organizations manage growing data needs while keeping costs and carbon footprints in check. The new report highlights how Hitachi Vantara is addressing these pressures by delivering energy-efficient infrastructure that not only reduces environmental impact but also drives measurable cost savings for customers. “We’re proud of the progress we’ve made since our inaugural Sustainability Report, but we know the journey doesn’t end there,” said Sheila Rohra, CEO of Hitachi Vantara. “Our focus remains on highlighting how sustainability, particularly in the data center, can be both a key driver of innovation and a business differentiator – from reducing carbon emissions to helping businesses achieve energy savings, enhance operational efficiency and meet their broader sustainability goals.” Key highlights from the report include: Top ENERGY STAR Rankings: Several Hitachi Vantara storage solutions earned ENERGY STAR certification for their industry-leading performance and energy efficiency. Hitachi Vantara holds the top two rankings for the most energy-efficient storage systems in the ENERGY STAR NVSS Disk Online 4 category, with the Virtual Storage Platform One Block (VSP One Block) securing the highest spot. Solar-Powered Distribution Center: Hitachi Vantara’s state-of-the-art solar-powered distribution center in the Netherlands generates approximately 30% of the electricity consumption from on-site solar production. The remaining electricity is sourced through verified Energy Attribute Certificates (EACs), ensuring the center operates entirely on renewable energy. Recycled Materials: Currently, 40% by weight of the materials used in the bezels of Hitachi Vantara’s VSP One Block and File storage models come from post-consumer recycled plastics. These flame-resistant bezels meet safety standards and help limit impacts of fire. Hitachi Vantara plans to increase recycled content to 50% by FY2030 through the expanded use of recycled materials in drive canisters, biomass-based parts and continued IT resource recycling. Energy Consumption and Management: In FY2024, Hitachi Vantara consumed 78,211 MWh of energy, with 90% of that from grid electricity and 35% from renewable sources, such as solar and wind. Notably, following a 2024 data center refresh at its Denver facility, which optimized the physical layout, consolidated infrastructure, and enhanced airflow, energy consumption was reduced by 50%, and power usage effectiveness (PUE) improved from 1.6 to 1.3, demonstrating the impact of energy-saving initiatives in Hitachi Vantara’s operations. Carbon Neutrality and Sustainability Goals: Hitachi Vantara is committed to achieving carbon neutrality for Scope 1 and Scope 2 emissions by FY2030. The company has also set a target to achieve carbon neutrality across its value chain by FY2050. Hitachi Vantara’s commitment to sustainability goes beyond its own operations. Through its engineered products and solutions, the company helps enterprise customers and data center operators reduce their carbon footprints while lowering operational costs and complexities. A few recent examples include: La Molisana (Italy): As one of Italy’s leading pasta manufacturers, La Molisana implemented VSP One Block, resulting in a 30% reduction in energy consumption and a 2.5x improvement in response times, supporting its global expansion and sustainability goals. Malayala Manorama (India): This major media company benefited from a new low-latency infrastructure, powered by Hitachi Vantara, leading to a 66% reduction in rack space and a 70% reduction in power and cooling costs. Elisa Eesti (Estonia): One of Estonia’s largest telecom providers, Elisa Eesti modernized its data infrastructure with Hitachi Vantara’s Virtual Storage Platform (VSP), tripling energy efficiency and significantly reducing its carbon footprint. “Sustainability was an important factor in our selection of VSP One Block,” said Maurizio Maio, CIO of La Molisana. “Although the energy consumption of our data center is relatively low compared to our manufacturing operations, we are keen to implement eco-friendly IT solutions. The energy-efficient VSP One Block aligns perfectly with our vision.” While the FY2024 Sustainability Report reflects on the achievements of the past year, Hitachi Vantara recently introduced its first key sustainability commitment of FY2025: a new Sustainability Guarantee that will be offered as part of its storage platform going forward. Available with VSP One, the guarantee empowers businesses to track and optimize energy consumption. It also guarantees a maximum power consumption target, making it easier for organizations to achieve their sustainability goals. For more information on Hitachi Vantara’s sustainability efforts and to view the full FY2024 Sustainability Report, go to: https://www.hitachivantara.com/sustainability.

Scroll to Top

Subscribe
FREE Newsletter