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Industry News

Insurance

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.


Energy & Offshore

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.


Hotels & Tourism

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.


Retail

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.


Insurance

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.


Economy

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.


Information Technology

Kintone survey highlights rise of citizen developers in Malaysia

A recent survey by Kintone Southeast Asia has revealed a significant trend in Malaysia, where nearly one in three companies are embracing no-code tools to empower employees in creating digital workflows. This shift is enabling frontline workers to become digital problem-solvers, thereby transforming the digital landscape across the nation.

Conducted with almost 1,000 business and IT decision-makers, the 2025 IT Decision-Making Survey highlights that over half of Malaysian companies are actively pursuing digital transformation. However, small and medium-sized enterprises (SMEs) face challenges due to knowledge gaps and limited resources. The survey also identifies project management, file storage, and communication as persistent pain points for businesses.

Security remains a top concern, with 40.4% of decision-makers prioritising reliable security in IT systems. Additionally, 37.4% of respondents expressed worries about data leakage during system rollouts, whilst 35.4% cited a lack of in-house expertise as a major barrier.

Tsubasa Nakazawa, Managing Director of Kintone Southeast Asia, stated, “Digital transformation isn’t just about adopting new tools – it’s about making them usable for the people who drive the business every day. By putting no-code tools directly into the hands of employees, this opens up opportunities for SMEs, including frontline employees to build their own solutions, close the digital skills gap, and build momentum from within.”

The survey underscores the potential for no-code tools to bridge the digital divide in Malaysia, offering a pathway for SMEs to enhance productivity and innovation. As more companies adopt these tools, the role of citizen developers is expected to grow, further shaping Malaysia’s digital economy.


Cards & Payments

e-pay by NTT DATA relocates Sarawak office

e-pay by NTT DATA has announced the relocation of its Sarawak operations to a new office in Kuching, Malaysia, as of 25 September 2025. This strategic move aims to bolster the company’s ability to serve retail partners and customers across East Malaysia more effectively.

As the largest prepaid top-up and bill collection network in Malaysia, e-pay continues to expand its presence nationwide. The new office is set to provide merchants in Sarawak and beyond with secure, convenient, and reliable electronic payment services. This development is part of e-pay’s ongoing efforts to support businesses of all sizes in meeting the increasing demand for digital transactions and in-store services.

e-pay by NTT DATA empowers thousands of merchants across Malaysia with a comprehensive electronic payment ecosystem. The services offered include mobile reloads, bill payments, game credits, loan repayments, e-wallet top-ups, and travel and entertainment reloads. The company handles over 15 million transactions each month, establishing itself as a trusted provider of seamless in-store digital services.

As a subsidiary of NTT DATA Payment Services, e-pay operates not only in Malaysia but also in Thailand and the Philippines, further solidifying its position as a leading payment solutions provider in the region. The new office in Kuching underscores e-pay’s commitment to enhancing its service delivery and supporting the digital payment needs of its clients.


Professional Services/Legal

CPA Australia offers Malaysian members work placements

Eligible members of CPA Australia in Malaysia are set to be the first to participate in a new work placement initiative in Australia, as part of the Young Professionals Exchange Programme. Organised by the Australian Department of Foreign Affairs and Trade, this programme aims to enhance business engagement between Australia and Southeast Asia, with Malaysia being the initial market before expansion to other regions.

The programme allows organisations within CPA Australia’s Recognised Employer Programme to apply for participation, matching eligible employees with Australian counterparts. Priya Terumalay, CPA Australia’s Head for Southeast Asia, highlighted the programme as an “exciting opportunity” for members to gain a competitive edge by working in cross-border markets. “We are dedicated to enhancing the global mobility of CPA Australia members,” she stated.

The initiative is open to individuals aged 40 and under with at least three years of professional experience. Placements, recommended to last between three and 12 months, will commence in late 2025 or early 2026. Financial support, including flights, visas, and orientation, is available to facilitate the exchange.

This programme coincides with CPA Australia’s 70th anniversary in Malaysia, where it boasts over 10,500 members. The exchange is expected to benefit both Malaysian and Australian members by providing valuable work and cultural experiences, fostering lasting professional connections, and strengthening economic ties between the two nations. For more details, interested parties can visit the CPA Australia website.


Energy & Offshore

Founder Group to benefit from $4.1b solar contract

Founder Group Limited, a prominent engineering procurement construction and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is poised to capitalise on a significant $4.1b (RM17.4b) contract. This development is expected to drive growth in Malaysia’s renewable energy sector, data centre expansion, and national artificial intelligence (AI) ambitions.

The contract, which represents a 40% increase in EPCC value, is set to sustain sector activity until the end of 2028. Founder Group’s strategic alignment as a pure-play EPCC provider positions it to benefit from the anticipated bottoming of solar panel prices in 2025, which presents cost advantages for EPCC players.

The company recently signed a Memorandum of Understanding with GCL Systems Integration Technology Co., Ltd. to collaborate on renewable energy projects valued at up to $220m across Malaysia and other ASEAN countries. Additionally, Founder Group is exploring AI-powered solutions to enhance project management and operations.

Key market opportunities include the LSS Petra and LSS Petra 5 developments, with up to RM12b worth of 6GW installed capacity anticipated by the end of 2027. The Corporate Renewable Energy Supply Scheme (CRESS) is also expected to boost EPCC job flow, potentially adding RM5b in works.

Lee Seng Chi, CEO of Founder Group, stated, “The significant pipeline of projects combined with favourable market conditions creates substantial opportunities for us. We remain committed to advancing Malaysia’s renewable energy goals.”

Founder Group’s initiatives are crucial for providing sustainable power solutions, enabling data centre expansion, and supporting Malaysia’s AI advancements.


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