CC International Berhad (CCIB), also known as the Cheng & Co Group, has announced the acquisition of three strategic assets for approximately RM4.32m. The acquisitions include Insan Management Sdn Bhd, Computer Accounting Associates Sdn Bhd (CAA), and a tax clientele portfolio from Lew Pow Onn & Co, as part of CCIB’s strategy to expand its professional services footprint.

The acquisitions were finalised at a signing ceremony at Cheng & Co Group’s corporate tower, Faber Tower 2, in Kuala Lumpur. Insan Management, a company secretarial services provider, was acquired for RM1.10m, whilst CAA, an accounting services provider, was purchased for RM1.64m. Additionally, the tax clientele of Lew Pow Onn & Co was acquired for RM1.58m, enhancing CCIB’s tax services portfolio.

Lam Kwai Soon, Group Managing Director of CCIB, stated, “Mergers and acquisitions have been an important component of CCIB’s growth strategy. Where there is a strong strategic fit, acquiring an established business or client portfolio allows us to accelerate the expansion of our clientele base and build scale more efficiently.”

The acquisitions are expected to bolster CCIB’s existing business segments, including accounting, tax, and corporate secretarial services. The Group plans to continue evaluating opportunities that align with its business model and contribute to long-term growth.

In a related transaction, Abacus Malaysia PLT agreed to acquire the audit practice of Lew Pow Onn & Co for RM2.34m, further consolidating the professional services landscape in Malaysia.

Toku Ltd, a Singapore-based AI-powered customer experience platform, has announced a significant new engagement with a leading Malaysian banking group. This five-year contract, secured in August 2026, marks Toku’s second project with the bank, highlighting the company’s growing influence in Malaysia’s regulated industries. The financial terms and the bank’s identity remain confidential.

The deal underscores the increasing demand for compliance, security, and locally hosted infrastructure in the banking sector. Toku’s CEO, Thomas Laboulle, noted, “Enterprises in regulated industries choose partners they can trust, and a repeat mandate is the strongest form of that trust.” He emphasised that this contract reflects Toku’s growth strategy, where initial engagements often lead to expanded partnerships.

This new contract contributes to Toku’s commercial momentum, as reported in its H1 2026 results. The company’s order book grew by 25% to approximately $293m by 30 June 2026, and the number of Tier 1 customers—those generating annual revenue above $500,000—more than doubled. Toku anticipates that its organic revenue growth in the second half of 2026 will exceed the 130% recorded in the first half.

The announcement aligns with Toku’s strategic focus on converting investments into tangible results, as outlined in their half-year results. The company continues to expand its footprint in regulated industries, reinforcing its position as a trusted partner for enterprises seeking robust customer experience solutions.

Tech Data, a TD SYNNEX company, has been appointed as the distributor for CloudCasa by Catalogic Software in Singapore and Malaysia. This collaboration aims to meet the increasing demand for Kubernetes data protection, disaster recovery, and workload mobility in cloud-native environments. The partnership builds on the companies’ successful collaboration in Australia and New Zealand.

The growing investment in cloud, AI, and digital infrastructure in the region is driving the need for secure and resilient application environments. As organisations adopt Kubernetes and containerised applications, traditional data protection solutions often fall short in protecting modern workloads across hybrid environments. CloudCasa offers a purpose-built platform for Kubernetes data protection, disaster recovery, and migration, which can be integrated into broader hybrid and multi-cloud solution architectures through Tech Data’s ecosystem.

Tech Data will leverage its local market reach, technical expertise, and enablement programmes to support resellers, managed service providers, and enterprise partners. Mark Tan, Vice President of Tech Data Singapore and Tec D Malaysia, stated, “For our partners, this creates an opportunity to expand beyond traditional backup and deliver higher-value services around Kubernetes protection, disaster recovery, and workload mobility.”

CloudCasa’s key capabilities include multi-tenancy support, file-level recovery granularity, and flexible deployment models. Aravind Kurapati, Head of Channels and Alliances at Catalogic Software, emphasised the importance of Singapore and Malaysia in Catalogic’s APAC growth strategy, highlighting the urgent need for data protection tailored for cloud-native environments.

This partnership is set to equip more partners to deliver resilient and secure Kubernetes environments, addressing emerging customer requirements and building scalable services for modern application environments.

Allianz Malaysia Berhad has reported robust growth for the second quarter of 2026, with total business volume increasing by 7.2% to RM1.63b compared to the same period last year. The growth was primarily driven by the Motor, Bancassurance, and Employee Benefits sectors, contributing to a 9.2% rise in Gross Written Premiums, which reached RM2.08b.

The company’s CEO, Sean Wang, highlighted the significance of these results during Allianz Malaysia’s 25th anniversary year, stating, “We are pleased to mark our 25th anniversary year with results that reflect the trust our customers and partners have placed in us and the solid foundation we have built together.”

In the first half of 2026, Allianz Malaysia’s total business volume rose by 7% to RM3.26b, with Gross Written Premiums climbing 11.5% to RM4.37b. The life insurance segment, in particular, saw a 14.4% increase in operating profit, reaching RM294m, driven by investment-linked protection and Employee Benefits.

Allianz General Insurance Company, a subsidiary, reported a 5.5% increase in business volume for the first half of 2026, reaching RM1.84b. However, its operating profit slightly decreased to RM298.2m due to lower investment returns.

Looking ahead, Allianz Malaysia remains optimistic about maintaining its growth trajectory into the second half of the year, focusing on enhancing technical capabilities and offering innovative, customer-centric solutions.

Oxford Innotech Berhad (OXB) has reported a significant increase in its net profit for the second quarter of the financial year 2026 (Q2FY26), with a 162.5% year-on-year rise to RM4.2m. This surge is attributed to increased deliveries in the semiconductor, data centre, and electrical and electronics (E&E) sectors.

The company’s revenue for Q2FY26 reached RM24.5m, marking a 43.7% increase from the previous year’s corresponding quarter. Precision engineering components solutions contributed RM17.3m, accounting for 70.5% of the total revenue. Mechanical assembly solutions and automation and robotics solutions followed with RM6.6m and RM0.6m, respectively.

Malaysia remains OXB’s largest market, contributing 63.2% of the revenue, whilst exports to other Asian countries, North America, and Europe made up the remaining 36.8%. The company’s profit after tax (PAT) also saw a substantial increase, supported by improved revenue and the absence of one-off listing expenses from the previous year.

For the first half of FY26, OXB’s revenue rose by 15.7% to RM42.4m, with PAT expanding by 53.5% to RM7.4m. The PAT margin improved to 17.5% from 13.2% in the previous year. Managing Director Ng Thean Gin highlighted the company’s progress in securing consistent mass production orders, enhancing order visibility.

OXB’s order backlog stood at RM38.9m as of 30 June 2026, with recent purchase orders from a US-based semiconductor customer valued at RM8.8m. The company is expanding its manufacturing capacity with the construction of Penang Science Park Factory 2 Phase 2, expected to be completed in the second half of 2027, and the acquisition of 34 new machines.

Ng stated, “The additional manufacturing space and machinery will strengthen our ability to fulfil the growing demand of our semiconductor and data centre customers whilst providing additional capacity for future opportunities.”

CPE Technology Berhad has reported a significant 149% increase in its profit after tax for the fourth quarter ending 30 June 2026, reaching RM7.96m. This surge is attributed to heightened demand, particularly from the semiconductor sector, which contributed to an 11% year-on-year revenue increase to RM35.95m.

The Group’s profit before tax also saw a remarkable rise of 116%, totalling RM9.74m, whilst gross profit increased by 24% to RM10.75m. The order book as of 30 June 2026 nearly doubled compared to six months prior, driven by increased orders from existing customers and a recovering market demand.

Executive Director and Group CEO Lee Chen Yeong highlighted the strengthening demand environment and the return of manufacturing capacity to mass production as key factors in the improved performance. “The stronger results both year-on-year and quarter-on-quarter provide encouraging momentum as we enter the new financial year,” he stated.

To accommodate the rising demand, CPE Technology is undertaking its largest expansion programme to date, acquiring 118 new CNC machines, with 11 already commissioned. An additional 70 machines are expected by mid-2027. Furthermore, the Group has acquired a new factory to support its growing operations.

CPE Technology also announced a joint venture with a Japanese partner to enhance its capabilities in advanced cleaning and surface treatment for semiconductor components, aiming to strengthen its position in the supply chain. This strategic move is expected to broaden the Group’s offerings and enhance its competitive edge.

Maybank and the Singapore Manufacturing Federation (SMF) have signed a Memorandum of Understanding (MOU) to expand access to the Johor-Singapore Special Economic Zone (JS-SEZ) and foster growth for manufacturers across Singapore, Malaysia, and ASEAN. The agreement was witnessed by Johor’s Chief Minister, Dato’ Onn Hafiz Ghazi, during a dialogue event co-organised by Maybank and SMF.

The partnership aims to leverage Maybank’s regional banking network and SMF’s extensive ecosystem to facilitate investment and expansion opportunities. Maybank is set to support businesses with approximately RM22b (S$6.9b) in financing, focusing on digital infrastructure, manufacturing, and small and medium enterprises (SMEs).

Dato’ Onn Hafiz Ghazi highlighted the JS-SEZ’s success in attracting RM126.9b (S$40b) in foreign direct investments since its inception. He emphasised the importance of strategic partnerships in driving long-term economic growth and job creation. The JS-SEZ Masterplan aims to expedite investment approvals and develop high-value industries.

Lennon Tan, President of SMF, noted the significance of manufacturing to Singapore’s GDP and employment, stressing the need for companies to expand beyond local borders. The JS-SEZ offers a “twinning model” for businesses to maintain headquarters in Singapore whilst utilising Malaysia’s resources.

Alvin Lee, CEO of Maybank Singapore, expressed confidence in the partnership’s potential to support SMEs and align with Maybank’s ROAR30 strategy, which targets RM300b (S$94b) in sustainable finance across ASEAN. The collaboration is expected to enhance the competitiveness of Singapore’s manufacturing sector and contribute to the country’s Manufacturing 2030 vision.

Malaysians are increasingly prioritising independence as a key aspect of their legacy, according to the Manulife Asia Care Survey 2026. The survey, which included responses from over 9,000 individuals across Asia, with 1,000 from Malaysia, highlights a shift towards valuing self-reliance, good health, and financial security as essential components of a meaningful legacy.

The survey findings indicate that nearly 90% of Malaysian respondents see preserving independence and self-reliance as their primary goal for longevity. This perspective extends beyond financial means, encompassing the ability to make personal decisions and access quality care without relying on others. Four in five respondents, particularly younger adults aged 25 to 34, view maintaining their independence and financial security as a significant legacy for their families.

Health emerges as a crucial foundation for independence, with 85% of respondents believing that preventive healthcare and positive self-care habits are vital for preserving autonomy. Common self-care practices include staying physically active, eating well, and engaging in hobbies. However, only 27% have undertaken preventive screenings, highlighting an area for improvement.

Financial preparedness remains a concern, with 70% of Malaysians worried about funding future care needs. Respondents estimate a requirement of RM4,760 per month for future care, with younger adults anticipating higher costs. Most plan to rely on personal savings, investments, and insurance rather than financial support from children.

Manulife Malaysia CEO Vibha Coburn emphasised the importance of planning for longer lives, stating, “It is also about living healthier and staying financially secure, so that they can maintain their independence for longer.” The survey underscores the need for accessible planning solutions to help Malaysians balance family responsibilities whilst preparing for a secure future.

TPC (Tsao Pao Chee) has acquired a majority stake in Euro-Atlantic, a leading Malaysian importer and distributor of speciality fruits, vegetables, seafood, and gourmet groceries. This acquisition, announced on 24 August, marks TPC’s second major investment under its Well-being Economy strategy, specifically advancing its Food Systems pillar. Euro-Atlantic will continue to operate under its established brand, ensuring continuity for its customers, suppliers, and employees.

Founded in 1992, Euro-Atlantic has developed a robust platform in Malaysia, featuring a fleet of over 60 cold chain lorries and an 85,000-square-foot GBI-certified distribution hub. The company sources fresh produce from over 20 countries and maintains long-standing relationships with major supermarket chains and five-star hotels. TPC aims to leverage Euro-Atlantic’s infrastructure to create a more resilient and responsible regional food systems platform.

Loh Niap Juan, TPC’s Group Chief Corporate Officer, emphasised the importance of food systems in supporting communities and natural ecosystems, stating, “Euro-Atlantic has built something strong over more than three decades, we intend to build on it, investing in what already works and growing its reach.”

Euro-Atlantic’s Managing Director, Ebby Loo, expressed commitment to the shared purpose with TPC, aiming to shape a responsible food system across the region.

This acquisition follows TPC’s recent investment in Refresh Group and reflects its commitment to deploying long-term capital across its strategic pillars. By integrating Euro-Atlantic into its Food Systems unit, TPC is poised to enhance its regional presence and contribute to sustainable food systems in Southeast Asia.

Frasers Property Limited and Tan & Tan Developments Berhad have announced a strategic partnership to develop a 5.15-hectare site in Section 13, Petaling Jaya, Malaysia. The project, named PJ Quarter, aims to transform the area into a vibrant, pedestrian-friendly lifestyle destination. The development will be executed in two phases, with the first phase featuring residential units, retail spaces, and a park, set to launch next year.

The site, equivalent to seven football fields, is strategically located in a well-established residential area, benefiting from nearby offices and amenities. The retail component will be a low-rise, open-air lifestyle hub, designed to encourage community interaction and walkability. “We aim to set a new benchmark for vibrant urban living,” said Soon Su Lin, CEO of Frasers Property Singapore.

Tan Yee Seng, CEO of Tan & Tan, highlighted the project’s alignment with government efforts to rejuvenate Section 13, enhancing its liveability with green connectors and pedestrian-friendly infrastructure. The site is well-connected, with proximity to major highways and public transport, including the Phileo Damansara MRT station.

The development is part of a broader transformation of Section 13 into a dynamic residential and commercial hub, supported by long-term rezoning initiatives. This collaboration marks Frasers Property’s first partnership with Tan & Tan, aiming to create lasting value and set a new standard for urban living in the region.