Powerwell Holdings Berhad, a leading power distribution specialist, has secured a RM9.5m contract through its subsidiary, Kejuruteraan Powerwell Sdn Bhd, to supply switchboards and components for a data centre project in Selangor. This marks the company’s third data centre project win in the financial year 2026, underscoring its growing influence in Malaysia’s expanding data centre sector.

The Managing Director of Powerwell Holdings, Catherine Wong Yoke Yen, expressed satisfaction with the achievement, stating, “The latest award highlights Powerwell’s continued role in supporting the nation’s growing demand for reliable power solutions in data centre developments.” She further noted that Malaysia’s competitive power costs and strong investment appeal are driving the rapid expansion of the data centre industry.

Powerwell aims to leverage its extensive experience and technical capabilities to seize upcoming opportunities, not only in data centres but also in infrastructure and renewable energy sectors. Wong added, “With an estimated several gigawatts of total addressable capacity expected over the next five years, Powerwell aims to tap upcoming opportunities by leveraging its experience and technical capabilities.”

As of June 2025, Powerwell’s outstanding order book stands at approximately RM117 million, excluding the new contract. The company, listed on the ACE Market of Bursa Malaysia Securities Berhad since 2020, continues to expand its footprint, having completed projects in over 10 countries across various sectors.
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Allianz Life Insurance Malaysia Berhad has launched the ‘Together, We’ve Got This’ campaign to raise awareness about breast and prostate cancer during Pink October and Movember. The initiative aims to highlight the importance of early detection and regular screening, encouraging Malaysians to take proactive health measures. The campaign comes in response to a significant increase in cancer-related claims, with breast cancer hospitalisation claims rising by 71.5% from 2020 to 2024, and prostate cancer cases more than doubling in the same period.

The campaign underscores the growing need for comprehensive protection and early medical intervention. Allianz Life’s Chief Executive Officer, Charles Ong, emphasised the importance of awareness, stating, “We have seen the growing number of cancer cases reflected in our claims, but we have also seen the difference early detection makes. That is why awareness matters.”

Allianz Life is offering protection solutions such as Prime Care+ and HealthCover Plus, designed to provide comprehensive critical illness coverage. Additionally, customers can benefit from a 20% discount on selected health screening packages by Sunway Healthcare Group if they sign up by 30 November 2025.

This initiative not only aims to reduce the number of cancer cases but also to promote healthier and more confident lives among Malaysians. The campaign is part of Allianz Life’s broader commitment to health protection and community wellbeing.

Oiltek International Limited has released its unaudited financial results for the third quarter of 2025, revealing a 29.8% drop in revenue compared to the same period last year. Despite this, the company saw a 6.2% increase in profit after tax, attributed to improved gross profit margins in key segments.

The company’s revenue fell from RM67.60m in Q3 2024 to RM47.44m in Q3 2025, primarily due to decreased sales in the Edible & Non-Edible Oil Refinery and Product Sales and Trading segments. However, the Renewable Energy segment showed growth, partially offsetting these declines. Gross profit margins rose by 7.6 percentage points to 37.1%, driven by higher margins in the aforementioned segments.

For the nine months ending 30 September 2025, Oiltek’s revenue decreased by 11.8% to RM148.26m, yet profit after tax increased by 22.9% to RM23.67m. The company’s financial position remains robust, with net assets rising by 9.2% to RM92m, although cash reserves dropped by 12.6% due to dividend payments.

Looking ahead, Oiltek is optimistic about the long-term prospects of the Edible & Non-Edible Oil Refinery and Renewable Energy segments. The global fats and oils market is projected to grow significantly, and the company plans to leverage its engineering expertise to capture larger projects. Additionally, the push for sustainable aviation fuel presents new opportunities, with Southeast Asia positioned as a potential hub. Oiltek’s order book currently stands at RM361.6m, expected to be fulfilled over the next 18 to 24 months.

UOB Asset Management (Malaysia) Berhad has introduced the United Global Premium Opportunity Fund (UGPROF), marking Malaysia’s first global equity wholesale feeder fund. This fund combines high-quality dividend stocks with a single-stock covered call overwriting strategy, aiming to enhance income through selling call options on owned stocks whilst maintaining exposure to robust companies.

The UGPROF is designed for investors willing to navigate the volatility and risks associated with global equities. Lim Suet Ling, CEO of UOBAM (Malaysia), highlighted the fund’s relevance amidst rising concentration risks, macroeconomic uncertainties, and trade tensions. “Global diversification has never been more critical,” she stated, emphasising the fund’s strategy to capture opportunities and generate returns.

The fund invests primarily in the Fidelity Funds – Global Dividend Plus Fund, managed by Fidelity International, with at least 90% of its net asset value directed towards this target fund. The remaining balance is allocated to liquid assets, including money market instruments and deposits. The target fund employs a bottom-up investment approach, focusing on companies with strong fundamentals and prioritising consistent dividend growers.

Available in five currency classes, the fund’s base currency is the US Dollar. The minimum investment varies by class, starting at $1,000 for the USD Dist class. Investors are encouraged to review the fund’s Product Highlights Sheet and Information Memorandum dated 11 November 2025 before investing. The fund is now open for subscription through selected distributors.

Fiuu, a leading fintech platform in Southeast Asia, has reported a 32% increase in total payment volume for the first three quarters of 2025, processing over $8.3b. This growth is attributed to expanding partnerships with Affin Bank, Pos Malaysia, and PayNet. In a significant development, Fiuu has become the first payment acquirer in Malaysia to enable Samsung Pay Online for e-commerce merchants, enhancing the digital payment landscape.

The introduction of Samsung Pay Online is now live with more than 300 merchants, offering a faster and more secure checkout experience. This move is part of Fiuu’s strategy to advance Malaysia’s digital payment ecosystem and reflects the country’s rapid adoption of digital payments. “Malaysia has moved faster on digital payments than many global markets,” said Eng Sheng Guan, CEO of Fiuu.

Fiuu’s achievements have been recognised with several awards, including the Trusted Payment Partner Award in Southeast Asia from Trip.com and recognition from Deloitte as one of Singapore’s Best Managed Companies for the fourth consecutive year. The company also received accolades from Mastercard for innovation and leadership.

Looking ahead, Fiuu aims to enhance its cross-border services and expand its network across ASEAN markets. The company is committed to supporting SMEs and global merchants by providing secure and scalable payment solutions, positioning itself as a regional payments platform.

The Port of Tanjung Pelepas (PTP), Malaysia’s premier transshipment hub, has selected GEP Software’s AI-driven contract lifecycle management (CLM) solution to manage and monitor contracts across its business units. The decision, announced by GEP, a global provider of procurement and supply chain software, aims to bolster PTP’s governance, compliance, and scalability as it continues its rapid growth.

PTP, a joint venture between MMC Corporation Berhad and APM Terminals, is currently the world’s fastest-growing port, with a 15.4% increase in the first half of 2025, according to Alphaliner. The port is consistently ranked among the most efficient and connected globally. By implementing GEP’s CLM solution, PTP intends to streamline pre- and post-signature processes, reduce contract risk, and enhance visibility into all contract types for proactive monitoring.

The implementation of GEP’s software is scheduled to go live in February 2026. GEP Software, recognised as a leader in the 2025 Magic Quadrant for Source-to-Pay Suites, offers a range of digital procurement and supply chain platforms, including GEP SMART and GEP NEXXE. These platforms are designed to integrate seamlessly with existing systems, providing clients with enhanced efficiency, agility, and visibility.

As PTP continues to expand as a premier Southeast Asian hub, the adoption of GEP’s industry-leading CLM solution is expected to support its objectives and drive further growth.

Fingular, a Singapore-based global fintech holding, has unveiled its Smart Limit solution in Malaysia, providing a digital consumer finance option that allows users to access funds flexibly and quickly. The service, which can be activated online in just five minutes, is initially available to existing Tambadana customers and will expand to AhaPay BNPL users before opening to the general public in March 2026.

The Smart Limit offers a modern alternative to traditional financing, featuring a fully digital onboarding and risk-scoring process. Customers can complete the application and receive approval in under five minutes. The service supports repayments via e-wallets, FPX transfers, and direct debit from bank accounts. Future enhancements will include top-ups, additional repayment options, and expanded usage channels, alongside a 30-day grace period and upcoming rewards and cashback programmes.

Maksim Chernushchenko, CEO of Fingular, highlighted the product’s relevance to Malaysia’s burgeoning digital economy, noting its potential to serve the near-prime market segment often overlooked by traditional banks. “With this launch, we continue our expansion into the near-prime segment—a market that remains underserved or overlooked by traditional banks,” he said.

Fingular, founded in 2021 by Maxim Chernushchenko and Vadim Gurinov, aims to build a comprehensive neo-bank promoting financial inclusion across Asia and the Middle East. The company operates in multiple markets, including Indonesia, Malaysia, and India, offering digital financial products tailored to local needs.

Standard Chartered has unveiled its inaugural report on Islamic Banking for Corporates, highlighting a significant market opportunity worth US$5.5t for global corporates. The report, published on 3 November 2025, identifies key growth markets such as Saudi Arabia, Malaysia, and the UAE, where Islamic finance is integral to national strategies. Despite the potential, 65% of corporates interested in Shariah-compliant solutions lack familiarity with Islamic banking products.

The report, titled “Islamic Banking for Corporates: Broadening Horizons,” underscores the lack of product familiarity as a major barrier preventing corporates from accessing the projected US$7.5t in global Islamic finance assets by 2028. The number of corporate Sukuk issuers has nearly doubled since 2020, with issuance volumes increasing by 38% to US$58.8b in 2024.

Khurram Hilal, CEO of Group Islamic Banking at Standard Chartered, stated, “Islamic banking has evolved into one of the world’s fastest-growing sources of capital, but awareness amongst corporates has not kept pace.” He emphasised that corporates developing Islamic finance capabilities could access specialised capital pools, preferential pricing, and government incentives in high-growth markets.

The report also highlights the alignment of Islamic finance principles with Environmental, Social, and Governance (ESG) frameworks, noting that sustainable Sukuk were oversubscribed by an average of 4.3 times their issuance value in 2024. Digital innovations such as tokenised Sukuk and AI-enabled Shariah-compliance tools are expected to further transform capital management.

Islamic banking offers strategic access to emerging markets, particularly across the GCC, Southeast Asia, South Asia, and Africa. The Halal economy alone presents a US$2.2t market opportunity. Standard Chartered, the only international bank with a global Islamic banking franchise, has arranged over US$200b in Islamic financing, supporting corporates with Shariah-compliant solutions.

Agoda, the digital travel platform, has extended its social impact initiative, Agoda Tech Camp Day, to Malaysia for the first time. The event, held on 7 November 2025, brought together more than 300 students from Universiti Teknologi MARA (UiTM), Malaysia’s largest higher education institution. The two-day programme focused on equipping students with skills in artificial intelligence (AI) and other essential digital competencies.

The expansion into Malaysia marks a significant step for Agoda in its mission to empower the next generation of tech leaders. By providing hands-on experience and expert-led workshops, the initiative aims to bridge the gap between academic learning and industry demands. This approach is designed to prepare students for the rapidly evolving tech landscape, ensuring they are well-equipped to meet future challenges.

Agoda’s decision to host the event at UiTM underscores the institution’s pivotal role in Malaysia’s educational sector. The university’s large student body and focus on technology make it an ideal partner for such initiatives. By targeting students at this stage of their education, Agoda hopes to inspire and nurture future innovators who will contribute to the tech industry’s growth.

The programme’s success in Malaysia could pave the way for further expansions across the region, as Agoda continues to invest in educational initiatives that foster technological advancement and innovation.

The “Hong Kong Art Toy Story 2025@Kuala Lumpur” exhibition has officially opened at TRX in Kuala Lumpur, showcasing over 450 original art toys crafted by 12 Hong Kong designers from various generations. Organised by the Innovative Entrepreneur Association (IEA) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Hong Kong Special Administrative Region, the exhibition aims to immerse visitors in the vibrant world of Hong Kong’s art toy culture.

The opening ceremony, held today, was officiated by Christine Chie, Head of Architecture, Print. The event marks the first large-scale exhibition of Hong Kong’s original art toys in Malaysia, highlighting the creativity and innovation of Hong Kong’s designers. The exhibition is set to attract art enthusiasts and collectors, offering a unique glimpse into the dynamic art toy scene.

The exhibition’s significance lies in its ability to bridge cultural and creative exchanges between Hong Kong and Malaysia, fostering a deeper appreciation for art toys as a form of artistic expression. By bringing together designers from different generations, the event showcases the evolution and diversity of Hong Kong’s art toy industry.

Looking ahead, the exhibition is expected to pave the way for future collaborations and cultural exchanges between the two regions, potentially leading to more international showcases of Hong Kong’s creative talents. Visitors can explore the exhibition at TRX, experiencing the innovative spirit of Hong Kong’s art toy designers firsthand.