Industry News
Malaysian investors outperform Asian peers in climate finance
Malaysian institutional investors are making significant strides in climate transition, with 55% of the country’s top investors committed to increasing investments in climate solutions, according to a new analysis. This figure surpasses the Asian average of 48%, highlighting Malaysia’s leadership in the region’s climate investment landscape.
The analysis, which reviewed 11 influential Malaysian institutional investors managing a collective RM2.5t (US$624b) in assets, reveals a 15 percentage point improvement from the previous year. Additionally, 27% of these investors are now publicly disclosing their support for climate policy advocacy, a notable increase from last year when none did so.
Rebecca Mikula-Wright, CEO of the Asia Investor Group on Climate Change (AIGCC), stated, “We are pleased to see Malaysia’s investors building a strong foundation in their climate transition practice.” She emphasised the importance of collaboration between investors, corporates, and policymakers to sustain this momentum.
Despite these advancements, Malaysian investors still lag behind the Asian average in areas such as board-level oversight of climate change and climate integration in policies. For instance, only 55% of Malaysian investors have integrated climate considerations into their corporate governance, compared to 70% across Asia.
Dato’ Rizal Rickman Ramli, President & Group Chief Executive of Permodalan Nasional Berhad, noted their commitment to investing RM15b into green assets by 2030, reflecting a broader trend among Malaysian investors to align with national energy goals.
The findings are part of AIGCC’s annual report, which assesses 240 significant investors across Asia, using 28 climate metrics to evaluate their performance in managing climate risks and opportunities.
GFM Services lands RM148.2m PIC turnaround deal
GFM Services Berhad has announced that its subsidiary, HIMS Integrated Services Sdn Bhd, has secured two release orders totalling RM148.2m for significant turnaround work at the Pengerang Integrated Complex (PIC) in Johor. These orders, from Pengerang Petrochemical Company Sdn Bhd and Pengerang Refining Company Sdn Bhd, are part of the Integrated Turnaround Main Mechanical and Maintenance Mechanical Static (TA4MS) contract.
This marks the first major turnaround cycle at PIC since operations began in 2019. The work packages are expected to require substantial manhours, highlighting the complexity of the tasks involved. The activities are anticipated to positively impact GFM’s earnings for the financial year ending 31 December 2027.
“The receipt of these release orders marks a significant milestone for GFM,” said Ruslan Bin Nordin, Group Managing Director of GFM. “The first major turnaround at PIC represents a sizeable opportunity for our Energy division to demonstrate our ability to mobilise large teams, manage complex work scopes and deliver within a highly regulated downstream operating environment.”
GFM’s Energy division, which includes Highbase Strategic Sdn Bhd, HIMS Integrated Services Sdn Bhd, and Shapadu CR Asia Sdn Bhd, contributed RM51.4m in revenue in Q1 2026, accounting for 62.2% of the Group’s revenue. The division’s growth underscores the increasing importance of energy-related services in GFM’s portfolio.
As the turnaround progresses, GFM expects to secure additional work scopes and will provide updates as they develop. The Group is also considering strategic options to unlock long-term value, including a potential separate listing.
Sime Darby expands logistics park with new Grade A facilities in Malaysia
Sime Darby Property Berhad and ESR have announced the expansion of E-Metro Logistics Park in Bandar Bukit Raja, Selangor, with the completion of Metrohub 4 and the commencement of construction on Metrohub 3. This expansion will introduce more than 2.2 million sq ft of warehouse space, enhancing the park’s status as a premier logistics hub in Malaysia.
Located near Port Klang, Malaysia’s busiest port, E-Metro Logistics Park offers direct access to key expressways, providing seamless connectivity to regional and global markets. The demand for modern logistics space in Selangor is evident, with Metrohub 1 and 2 already fully occupied by e-commerce and supply chain sectors. MIXUE, a global beverage chain, has been secured as the first pre-committed customer for Metrohub 4, occupying 13.4% of its net lettable area.
Metrohub 3, scheduled for completion in Q3 2027, will feature two warehouse blocks, including facilities for dangerous goods storage, catering to the rising demand for such spaces due to increased imports of EV components. Dato’ Seri Azmir Merican, CEO of Sime Darby Property, highlighted the development’s role in their industrial ecosystem, supported by their RM1b Industrial Development Fund.
Jai Mirpuri, Head of Southeast Asia at ESR, emphasised Malaysia’s appeal for logistics investment, whilst David Aboud, Head of Malaysia at ESR, noted the strategic location and modern assets as key to meeting future customer needs. Both facilities aim for LEED Gold certification, incorporating sustainable features like solar power and EV charging stations, aligning with evolving customer expectations.
Vicom expands testing capabilities with new Penang facility
VICOM Ltd has announced the opening of a new Electrical and Electronics (E&E) testing facility in Penang, Malaysia, through its joint venture, SETSCO QAV. This strategic move aims to bolster VICOM’s non-vehicle testing business and strengthen its foothold in Malaysia’s burgeoning electronics and high-tech manufacturing sector.
Located in Penang’s industrial hub, the state-of-the-art facility offers a comprehensive range of E&E testing services, including the region’s only third-party commercial Over-the-Air (OTA) facility. The inauguration was attended by Penang Chief Minister YAB Chow Kon Yeow and InvestPenang CEO Dato’ Loo Lee Lian, highlighting the facility’s significance to the local industrial ecosystem.
SETSCO QAV, a collaboration between VICOM’s subsidiary SETSCO Services and Malaysia’s QAV Technologies, is set to provide manufacturers with reliable testing services, faster turnaround times, and access to internationally recognised compliance support. The facility will cater to the increasing demand for product safety and regulatory compliance in the region.
Sim Wing Yew, CEO of VICOM, stated, “This marks an important step in VICOM’s strategy to grow in high-value testing sectors beyond our vehicle inspection business.” The facility is expected to commence operations progressively, welcoming customers and business partners from today.
This expansion aligns with VICOM’s broader strategy to diversify beyond its core vehicle inspection services, positioning the company to better support manufacturers across Malaysia and the wider region.
INFINITIX accelerates AI dominance with SAINS deal
INFINITIX, a Taiwan-based AI infrastructure software company, has signed a Memorandum of Understanding (MOU) with Sarawak Information Systems Sdn Bhd (SAINS), Malaysia’s leading ICT solutions provider. This partnership aims to develop Sovereign AI platforms, private GPU cloud AI services, and a Token Factory operating model across Southeast Asia. This marks a significant step in INFINITIX’s expansion following its ventures in Japan and South Korea.
The agreement will see INFINITIX deploying its AIStack heterogeneous computing management platform and ixCSP AI cloud platform. These platforms are designed to help governments and enterprises build secure, scalable AI computing environments, maximise GPU utilisation, and rapidly deliver AI services. The collaboration will enable organisations to transform computing resources into scalable, monetisable AI services for applications such as Generative AI, Agentic AI, and Large Language Models (LLM).
SAINS, established in 1991, is the Sarawak State Government’s primary ICT partner, providing digital government, cloud, cybersecurity, AI, and smart city solutions. The company has implemented over 300 government information systems and is leading initiatives like Sovereign AI Infrastructure and GPU-as-a-Service.
WenYu Chen, co-founder and CEO of INFINITIX, stated, “The future of AI will be defined not by who owns the most GPUs but by who can manage and commercialise them most effectively.” The partnership combines SAINS’s public sector ICT leadership with INFINITIX’s expertise in GPU orchestration to accelerate national AI initiatives and regional digital transformation.
This collaboration strengthens INFINITIX’s international growth strategy as it continues to expand across Southeast Asia, working with governments, cloud service providers, and enterprise partners to advance the next generation of Sovereign AI and AI Cloud Economy.
Malaysia Airlines targets China with new routes
Malaysia Airlines has broadened its reach in China by launching direct flights from Kuala Lumpur to Shenzhen and Changsha, marking a significant expansion in one of its largest international markets. The new routes, which began on 1 July 2026 for Shenzhen and 8 July 2026 for Changsha, aim to meet the growing demand for travel between Malaysia and China, driven by strong economic ties and increased leisure and business travel.
The airline now operates up to seven weekly flights to each destination using Boeing 737-8 aircraft, enhancing connectivity and flexibility for travellers. This expansion supports Malaysia’s tourism ambitions under the Visit Malaysia 2026 campaign and strengthens Kuala Lumpur’s position as a regional aviation hub.
Bryan Foong, CEO of Airline Business at Malaysia Aviation Group, stated, “The launch of our services to Shenzhen and Changsha marks a proud milestone in our continuous efforts to expand our network across China. By connecting Kuala Lumpur to these high-growth regional hubs, we are offering travellers greater convenience and flexibility whilst supporting stronger business, tourism and people-to-people ties between our two countries.”
With the addition of Shenzhen and Changsha, Malaysia Airlines now serves nine gateways across China, including major cities like Beijing, Shanghai, and Guangzhou.
This strategic move not only enhances Malaysia Airlines’ network but also aligns with the broader vision of positioning Kuala Lumpur as a premier gateway to Asia and beyond.
Annica showcases Hydrogen Technologies at Malaysia’s Technomart 2026
Annica Holdings Limited, listed on the SGX Catalist, showcased its cutting-edge hydrogen technologies at Malaysia’s Technomart 2026. The company’s renewable energy subsidiary, H2 Energy Sdn Bhd, participated in the event held in Cyberjaya, Selangor as part of the Annica’s strategy to accelerate the commercial deployment of hydrogen technologies across Malaysia.
Together with its sister company, Panah Jaya Services Sdn Bhd, H2 Energy showcased commercially deployable hydrogen and fuel cell technologies that address the growing demand for energy security, decarbonisation and long-duration clean energy solutions.
At the event, H2 Energy presented its Solar + Hydrogen Energy System, designed to provide reliable and resilient power for off-grid telecommunications towers, rural healthcare facilities, communities and other critical infrastructure.
As the world increasingly turns towards renewable energy sources, Annica’s focus on hydrogen technology aligns with global sustainability goals. The company’s presence at Technomart 2026 not only highlights its technological prowess but also its commitment to contributing to a greener future.
Hoymiles challenges Malaysia’s energy market with TAMCO deal
Hoymiles has announced a strategic partnership with TAMCO, a leading power infrastructure provider in Malaysia, to bolster the country’s energy infrastructure. This collaboration aims to integrate Hoymiles’ globally recognised energy storage technologies with TAMCO’s extensive local expertise, marking a significant advancement in Hoymiles’ utility-scale energy storage sector and its expansion across Southeast Asia.
The partnership was formalised at a signing ceremony attended by top executives from both companies and representatives from the Malaysian Investment Development Authority (MIDA). This alliance is expected to play a crucial role in the development of Malaysia’s future energy infrastructure, leveraging TAMCO’s six decades of industrial experience.
Hoymiles, known for its innovative energy solutions, sees this partnership as a pivotal step in strengthening its presence in the Southeast Asian markets. Stressing the importance of trusted local partnerships in the success of advanced energy solutions, Dr. Zhao Yi, Chief Technology Officer and Vice President of Hoymiles, said, “Malaysia has built a strong foundation for the future of energy, and TAMCO’s engineering expertise and deep understanding of the local operating environment make them an ideal partner to translate our global experience into solutions that deliver value locally.”
TAMCO, with its established reputation in power infrastructure, will provide the local expertise necessary to implement these advanced storage solutions effectively. The partnership is anticipated to enhance the reliability and efficiency of Malaysia’s energy systems, contributing to the country’s sustainable development goals.
As Hoymiles continues to expand its footprint in Southeast Asia, this partnership with TAMCO underscores the company’s strategic focus on collaboration and innovation in the energy sector. The initiative is poised to set a new benchmark for energy storage solutions in the region, with potential implications for future projects and collaborations.
OMS Group launches CS Resilience construction
OMS Group has commenced construction of CS Resilience, the third vessel in its next-generation GREAT-Class fleet, at the CRIST S.A. shipyard in Gdynia, Poland. This milestone marks a significant step in the company’s strategy to expand its fleet and meet the increasing global demand for resilient digital infrastructure.
The steel cutting ceremony for CS Resilience follows OMS Group’s January 2026 announcement of its collaboration with ULSTEIN for the design and construction of two advanced cable-laying vessels. Alongside CS Genesis and CS Triumph, CS Resilience is part of OMS Group’s ambitious fleet programme aimed at setting new standards in subsea installation, operational excellence, and sustainability.
Founder and Chairman of OMS Group, Lim Soon Foo, highlighted the importance of this development: “The first steel cut of CS Resilience represents another significant milestone in our long-term vision to build one of the world’s most capable and sustainable cable-laying fleets.”
Scheduled to enter service in 2028, CS Resilience is designed to deliver superior cable installation capabilities whilst minimising environmental impact. It features ULSTEIN’s X-BOW design and POWER Variable Speed Generator technology, enhancing fuel efficiency and reducing emissions. Group CEO Ronnie Lim stated, “CS Resilience embodies the next generation of cable-laying vessels through the integration of ULSTEIN’s proven design philosophy and advanced technologies.”
The construction at CRIST S.A. signifies the transition from design to production, underscoring the collaboration between OMS Group, ULSTEIN, and CRIST S.A. Emmanuel Delanoue, Deputy Group CEO, noted, “The name ‘Resilience’ reflects OMS Group’s ability to adapt, innovate and remain steadfast in supporting the world’s critical communications infrastructure.”
OMS Group’s GREAT-Class fleet programme represents its largest-ever fleet investment, reinforcing its position as a leading provider of subsea digital infrastructure solutions.
Sungrow powers Malaysia’s grid with 100MW BESS
Sungrow, a leading provider of photovoltaic inverters and energy storage systems, has announced the commissioning of the Santong Battery Energy Storage System (BESS) in Malaysia. Developed by Tenaga Nasional Berhad (TNB), this project marks a significant step in integrating battery energy storage into the national grid.
Located in Terengganu, the 100MW/400MWh Santong BESS is pivotal in Malaysia’s energy transition, enhancing grid resilience and supporting renewable energy integration. The project is designed to achieve an 88% round-trip efficiency in its first year and operates in both grid-following and grid-forming modes to ensure stability and reliability.
Sungrow has provided a comprehensive energy storage solution for this project, including 90 units of its PowerTitan 2.0 liquid-cooled energy storage systems. This deployment underscores Sungrow’s commitment to advancing energy storage technology and supporting Malaysia’s efforts to bolster its national power grid.
The Santong BESS project is expected to play a crucial role in Malaysia’s ongoing energy transition, enabling the country to integrate more renewable energy sources into its grid. As Malaysia continues to focus on sustainable energy solutions, projects like Santong BESS are essential in ensuring a stable and resilient power supply for the nation.
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