Industry News
Beverly Wilshire hosts Malaysia Day event
Beverly Wilshire Medical Centre (BWMC), a leading institution in plastic surgery and aesthetic medicine in Malaysia, celebrated Malaysia Day on 27 September with a successful event featuring special promotions and a panel discussion. The event, held in Kuala Lumpur, drew a full house, highlighting BWMC’s role in making advanced medical aesthetics accessible and transformative for both local and international patients.
The centrepiece of the celebration was a panel discussion titled “Is Plastic Surgery the New Self-Empowerment?” Moderated by media entrepreneur and lifestyle commentator Ethel Da Costa, the panel included renowned plastic surgeon Dr. M. Nasir Zahari and aesthetic medicine specialist Dr. Wong. The discussion explored the evolving perception of plastic surgery as a means of self-empowerment, reflecting broader societal changes in attitudes towards aesthetic procedures.
BWMC’s Malaysia Day event underscores its commitment to providing safe and innovative aesthetic solutions. The centre continues to lead in the field, offering cutting-edge treatments that cater to a diverse clientele. The success of the event reaffirms BWMC’s position as a pioneer in the medical aesthetics industry, setting a benchmark for excellence and accessibility.
As BWMC continues to expand its offerings, the centre remains focused on empowering individuals through advanced medical aesthetics, promising further innovations in the future.
Finran Group launches Malaysia’s first Layer 0 blockchain
Finran Group has unveiled Teiza, Malaysia’s first native Layer 0 blockchain infrastructure, through its subsidiary FinranX. This pioneering technology is designed to enhance transparency and interoperability, aligning with Malaysia’s national digital agenda. Teiza’s launch is set to accelerate innovation in the Web3 space, establishing Malaysia as a global leader in blockchain technology.
Teiza provides a secure foundation for Malaysia’s digital economy, enabling the deployment of next-generation blockchain solutions for both government and business sectors. This infrastructure ensures trust and transparency in all interactions and transactions, supporting Malaysia’s digital ambitions. The blockchain’s robustness is underscored by its foundation on the Tycho Protocol, a globally recognised technology tailored for governmental and enterprise use.
Daler Fayziev, Group Chairman of Finran, emphasised Teiza’s potential to power Malaysia’s digital transformation. “Our Layer 0 will allow for interoperability of all Layer 1, 2, and 3 blockchain solutions built upon it,” he stated. This capability will facilitate secure interactions across various sectors, including financial ecosystems and halal supply chains.
The launch aligns with Malaysia’s National Blockchain Policy, aiming to transform sandboxed prototypes into market-ready solutions. Teiza’s integration with Artificial Intelligence and Web3 technologies is expected to unlock new opportunities in smart governance, decentralised finance, and secure data sharing.
Finran Group, through FinranX, aims to drive Malaysia’s growth in the Web3 ecosystem, positioning the nation as a digital leader both regionally and globally.
ASEAN banks advance climate action, gaps persist
ASEAN banks are making strides in climate action, with 11 out of 14 major banks in Indonesia, Malaysia, Thailand, and the Philippines now setting long-term net-zero goals for financed emissions, according to a report by Asia Research & Engagement (ARE). This marks a significant increase from just three banks in 2022. However, these banks still fall short compared to their counterparts in Japan, Singapore, and South Korea, where decarbonisation targets are more comprehensive and aligned with national net-zero goals for 2050.
The report, titled “Bridging the Gap: Have ASEAN Banks Caught Up on Climate Action?”, highlights that Malaysia leads in policy progress, with Thailand and Indonesia catching up. The average policy performance rose to 38% in 2025 from 20% in 2022, with over half of the banks committing to halt new coal financing. Notably, Thailand’s KBank is the only bank with a disclosed policy on restricting gas-fired power financing.
Governance practices have also improved, with the average performance increasing to 54% from 39% in 2022. All banks now disclose board sustainability responsibilities, and more than half have climate expertise at the board level. In risk management, eight banks disclosed financed emissions for the first time in 2025, up from none in 2022.
Ben McCarron, Founder and Managing Director of ARE, commented, “ASEAN banks are making significant progress—from stronger governance and net-zero commitments to new restrictions on coal financing—but there’s more to do.” The report urges ASEAN banks to accelerate their transition to a low-carbon economy.
Edelteq and Halo Technologies launch Halovision JV
Edelteq Holdings Berhad has announced the formation of Halovision System Sdn. Bhd., a joint venture with Halo Technologies Sdn. Bhd., to develop advanced Automated Optical Inspection (AOI) systems for the semiconductor industry. The venture is supported by a strategic investment of $680,000 (RM3.2m) from Kumpulan Modal Perdana (KMP), a government-owned venture capital firm under Malaysia’s Ministry of Science, Technology and Innovation.
The investment will accelerate the development of Halovision’s Raptor series for substrate panel inspection and the i-Falke series for wafer-level inspection. These AOI systems utilise high-resolution cameras and intelligent image analysis to detect microscopic defects, ensuring high yield and reliability in semiconductor manufacturing. This is crucial for industries such as AI, 5G, and electric vehicles.
Chin Yong Keong, Group CEO of Edelteq, stated, “This partnership is a strong vote of confidence in Halovision’s technology and vision.” Lee Hui-Ni, Chief Investment Officer of KMP, added, “This investment underscores our deep commitment to nurturing homegrown innovation and strengthening Malaysia’s position in the global electronics and semiconductor value chain.”
John Moon, CEO of Halovision, expressed confidence in the venture’s ability to bring cutting-edge solutions to market, establishing Halovision as a global technology partner. The collaboration aligns with Malaysia’s National Semiconductor Strategy, aiming to boost local talent and technological capabilities, reinforcing the country’s role in the global semiconductor ecosystem.
Allianz rewards low-mileage EV drivers with cash
Allianz General Insurance Company (Malaysia) Berhad has launched the Allianz Electric Vehicle (EV) EcoMiles benefit programme, rewarding low-mileage Battery Electric Vehicle (BEV) drivers with cash incentives. Policyholders insuring their BEVs under an Allianz Private Car Comprehensive policy can earn up to 15% of their insurance premiums back by activating the EcoMiles benefit via the MyAllianz app, at no additional cost.
The programme features two reward tiers: customers driving up to 10,000 kilometres annually receive a 15% cash reward on their net basic premium, whilst those driving between 10,001 and 15,000 kilometres receive a 10% reward. To qualify, policyholders must activate the benefit within 30 days of their policy’s start date and submit odometer readings and vehicle photos via the app within 14 days before or after the policy expiry date.
Sean Wang, CEO of Allianz General, stated, “With Allianz EV EcoMiles, we are supporting our customers’ green initiatives and rewarding them for their sustainable choices.”
Additionally, Allianz General is offering RM100 in complimentary EV charging credits for a limited time to customers who insure their BEVs between 29 September and 31 October 2025 and activate the EcoMiles benefit within 30 days. Redemption codes for the credits will be sent via email and can be redeemed through the ChargEV app by Yinson Greentech.
Founder Group unveils major solar project in Sarawak
Founder Group Limited has announced a significant collaboration with Planet QEOS Sdn Bhd to develop a large-scale renewable energy facility in Sarawak, Malaysia. The project, valued at $276m (RM1.16b), will feature a 310 MWp solar photovoltaic power plant and a 620 MWh battery energy storage system. This initiative is part of the Baram DeepTech Energy Programme, aiming to bolster Malaysia’s clean energy capabilities.
The facility is set to be one of the largest clean energy developments in the region. It will provide continuous, dispatchable renewable electricity, rivalling conventional gas and hydropower sources. Additionally, the project includes the development of a 200 MW Tier-4 Green Data Centre Park on 350 acres in Baram, expected to attract over $239m (RM1b) in foreign direct investment.
Lee Seng Chi, CEO of Founder Group Limited, emphasised the project’s significance, stating, “This collaboration demonstrates FGL’s commitment to investing in large-scale infrastructure focused on sustainable returns and profound economic impact.”
The initiative supports Sarawak’s vision to become the “Battery of ASEAN” and aims to contribute to the state’s target of achieving 10 GW generation capacity by 2030. The Baram Special Energy Zone is expected to drive long-term industrial growth and rural development.
Founder Group Limited, a provider of end-to-end EPCC solutions for solar PV facilities in Malaysia, focuses on large-scale solar projects and commercial and industrial solar projects. The company aims to promote eco-friendly resources and achieve carbon neutrality.
Malaysia Fair 2025 showcases culture and healthcare in Surabaya
Tourism Malaysia, in partnership with the Malaysia Healthcare Travel Council (MHTC), is set to host the Malaysia Fair 2025 in Surabaya, Indonesia, commencing on 26 September. This event aims to celebrate and promote Malaysia’s rich cultural heritage, diverse cuisine, travel opportunities, and healthcare excellence.
The Malaysia Fair 2025 will feature a wide array of activities and exhibitions designed to showcase the best of what Malaysia has to offer. Attendees can expect to experience traditional Malaysian performances, sample authentic Malaysian dishes, and explore travel packages that highlight the country’s scenic destinations. Additionally, the fair will emphasise Malaysia’s growing reputation as a healthcare hub, with presentations on the nation’s medical tourism offerings.
The collaboration between Tourism Malaysia and MHTC underscores the strategic importance of Indonesia as a key market for Malaysian tourism and healthcare services. By bringing the fair to Surabaya, the organisers aim to strengthen ties and increase awareness of Malaysia’s offerings in these sectors.
A spokesperson from Tourism Malaysia stated, “This event is an opportunity to deepen cultural and economic connections between Malaysia and Indonesia, showcasing our nation’s unique blend of tradition and modernity.”
The Malaysia Fair 2025 is expected to attract a diverse audience, including potential tourists, healthcare seekers, and cultural enthusiasts. The event not only aims to boost tourism but also to position Malaysia as a leading destination for healthcare travel in the region.
Sam Edelman opens first boutique in Malaysia
Sam Edelman, the renowned American footwear brand, has officially opened its first boutique in Malaysia, located at The Gardens Mall in Kuala Lumpur. This marks a significant step in the brand’s expansion across Southeast Asia, following the successful launch of its Singapore boutique in 2024. The new store offers Malaysian shoppers a taste of Sam Edelman’s signature blend of timeless American elegance and modern sophistication.
The boutique, situated on the first floor of The Gardens Mall, showcases Sam Edelman’s core collection. Shoppers can expect to find iconic designs such as the effortless Bay Sandal, the sleek Hazel Pump, the polished Loraine Loafer, and the classic Michaela Flat. These pieces exemplify the brand’s enduring appeal and commitment to refined yet attainable luxury.
The store’s interior reflects Sam Edelman’s modern-luxe aesthetic, featuring sleek lines, warm lighting, and elegant gold accents. This inviting atmosphere aims to provide a sophisticated shopping experience for customers.
The opening of the Kuala Lumpur boutique is a milestone for Sam Edelman as it continues to expand its presence in the region. The brand’s entry into the Malaysian market is expected to attract fashion-conscious consumers seeking high-quality, stylish footwear options. As Sam Edelman continues its growth journey, the new boutique is set to become a key destination for footwear enthusiasts in Malaysia.
Allianz Malaysia ranks among top 50 ASEAN firms
Allianz Malaysia Berhad has been acknowledged for its outstanding corporate governance, securing a spot among the Top 50 ASEAN Public Listed Companies in the 2024 ASEAN Corporate Governance Scorecard (ACGS) Regional Assessment. This accolade underscores the company’s dedication to maintaining high governance standards and its influential role within the ASEAN region.
The recognition highlights Allianz Malaysia’s leadership in governance practices, as noted by its Chief Executive Officer, Sean Wang. “Allianz Malaysia’s achievement in the ACGS Regional Assessment is a testament to our steadfast commitment to upholding the highest standards of corporate governance,” Wang stated. This achievement not only affirms the company’s leadership but also strengthens its reputation as a trusted corporate entity in the region.
The ACGS Regional Assessment evaluates public listed companies across ASEAN, focusing on their adherence to corporate governance principles. Allianz Malaysia’s inclusion in the top 50 reflects its commitment to transparency, accountability, and ethical business practices.
This recognition is expected to enhance Allianz Malaysia’s standing in the corporate world, potentially attracting more investors and partners who value strong governance. As the company continues to uphold these standards, it sets a benchmark for other firms in the region, promoting a culture of excellence in corporate governance.
SME Bank XCESS 2025 unlocks RM45m trade opportunities
Small Medium Enterprise Development Bank Malaysia (SME Bank), a subsidiary of Bank Pembangunan Malaysia Berhad, has successfully concluded its annual business-matching event, SME Bank XCESS 2025. The event connected 500 Malaysian small and medium enterprises (SMEs) with ASEAN buyers, unlocking an estimated RM45m in potential sales.
Themed ‘Entrepreneur Gateway to the ASEAN Market’, XCESS 2025 aligns with Malaysia’s role as ASEAN Chair this year. The event aims to integrate Malaysian SMEs into the ASEAN economy, enhancing export opportunities and regional competitiveness. Minister of Entrepreneur and Cooperatives Development, Ewon Benedick, highlighted the importance of SMEs, noting their projected contribution of 41% to Malaysia’s GDP and 15% to exports by 2025.
Samad Majid Zain, acting President and CEO of SME Bank, stated, “XCESS 2025 once again demonstrates that Malaysian SMEs are ready to compete regionally.” The event facilitated over 180 business meetings, generating significant sales potential. It also offered access to financing, capacity-building, and networking sessions to support sustainable SME growth.
In collaboration with MATRADE and supported by MECD, the event brought together key industry players, including government-linked companies and multinationals. A notable outcome was the trilateral partnership between SME Bank, EXIM Bank, and BPMB, which facilitated an RM11.1 million export transaction for Amat Sinar Sdn. Bhd. to China and the US.
Since its inception in 2016, XCESS has facilitated over 1,800 business sessions, reinforcing SME Bank’s role in promoting Malaysian SMEs in ASEAN and global markets.
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