Kuala Lumpur News

Encorp KBI Tie-Up

Kuala Lumpur, May 13: Encorp Berhad has signed a memorandum of understanding with KBI Properties Sdn Bhd to explore strategic partnership opportunities in the property development sector.
KBI Properties is a wholly-owned subsidiary of Koperasi Belia Islam Malaysia Berhad and is involved in property development and construction-related activities.
The MOU was exchanged by Encorp group chief executive officer Ahmad Harzimi Mohd Taib and KBI Properties director Azman Mohd Salleh, witnessed by representatives and management from both organisations.
The collaboration will allow both parties to assess potential development initiatives and projects of mutual benefit, while leveraging their respective expertise, manpower, information and operational support.
Encorp said the partnership supports its long-term strategy of expanding its development pipeline, strengthening execution capabilities and exploring value-accretive opportunities in the improving domestic property market.
The collaboration comes as Encorp continues to advance several ongoing developments across Malaysia, including Tilia Shah Alam and the planned next phase of Lamanda Chuping, while also strengthening recurring income from its investment property portfolio.

Tex Cycle AGM

Kuala Lumpur, May 13: Tex Cycle Technology (M) Berhad held its 22nd Annual General Meeting in Kuala Lumpur, where shareholders approved all resolutions tabled.
Shareholders received the audited financial statements for the financial year ended Dec 31, 2025, together with the directors’ and auditors’ reports.
They also approved directors’ fees and benefits of up to RM350,000, the re-election of Datuk Low Chin Koon and Ho Ai Hoon, and the re-appointment of HLB Ler Lum Chew PLT as auditors.
Tex Cycle also received approval to renew its authority to issue and allot shares, as well as to purchase up to 10 per cent of its own issued shares.
The Group said it remains focused on expanding its environmental solutions platform, including scheduled waste management, e-waste, compost and organics recovery, oil and gas waste treatment, and renewable energy, while supporting Malaysia’s sustainability and net-zero agenda.

TP-Link Partners USIM

Kuala Lumpur, May 11: TP-Link Malaysia has signed a three-year collaboration with Universiti Sains Islam Malaysia to help develop enterprise networking talent.
The partnership will see TP-Link’s Omada enterprise networking solutions deployed in USIM campus labs, giving students hands-on exposure to systems used in real-world business environments.
Students will also gain access to technical training, workshops and the Omada Certified Network Administrator certification pathway, along with industrial training and internship opportunities with TP-Link.
Hugo Cai, Regional Director of TP-Link Malaysia, said “Enterprises today require talent that can operate, not just understand, digital infrastructure. By building a structured pipeline that connects training, certification and industry exposure, we are creating a more direct path from university to the workforce. The focus is no longer just on education, but on how effectively talent can transition into industry.”
“This partnership allows us to go beyond academic delivery by embedding practical industry elements into the learning experience, ensuring our students are better equipped to meet evolving expectations in the digital economy. The collaboration strengthens the university’s approach to preparing students for real-world demands”, said Prof. Ts. Dr. Mohd Ikmar Nizam Hj. Mohamad Isa, Deputy Vice-Chancellor (Research and Innovation) of USIM.
The collaboration builds on TP-Link Malaysia’s earlier engagements with Universiti Malaya and Universiti Teknologi MARA.

Paydibs Joins PayNet

Kuala Lumpur, May 11: Paydibs has onboarded as a direct participant with Payments Network Malaysia for DuitNow QR acceptance, strengthening its merchant acquiring capabilities in Malaysia.
The direct integration allows Paydibs to connect to the national payments network for DuitNow QR, building on its existing direct integration with FPX.
The company said merchants will benefit from unified access to online banking and QR payments through a single platform, along with faster settlements, improved cost efficiencies and greater control over transaction processing.
Tee Kean Kang, Chief Executive Officer of Paydibs, said the integration reflects the company’s continued commitment to strengthening its role within Malaysia’s payment ecosystem.
“By going directly with PayNet for DuitNow QR, we are enhancing our position as a merchant acquirer, enabling us to deliver faster settlements, greater control, and more efficient payment operations for businesses. At the same time, merchants benefit from simplified payment acceptance through a single platform, with access to DuitNow QR across banks and eWallets,” he added.
Paydibs said the move supports broader digital payment adoption among merchants and builds on its recent infrastructure developments, including the launch of Paydibs NEO.

Sophos Names Chua

Kuala Lumpur, May 12: Sophos has appointed Amy Chua as channels director for ASEAN and Korea, as the cybersecurity company looks to strengthen its partner-led growth strategy across the region.
Chua joins Sophos from Google and will lead the company’s partner strategy and execution across ASEAN and Korea. Her role will include strengthening the regional distributor and partner ecosystem, improving sales governance and supporting scalable go-to-market models.
“ASEAN and Korea remain important growth markets for Sophos, and our partners play a central role in how we scale and deliver stronger cybersecurity outcomes for customers,” said Chad Cleevely, senior director, channel sales, Asia Pacific and Japan, Sophos.
“We are delighted to welcome a leader of Amy’s calibre to the team. She brings a strong understanding of the channel, a clear operational mindset, and the leadership needed to strengthen our partner ecosystem and build further momentum across the region.”
Chua has more than 20 years of experience in the technology sector, including leadership roles at Google and Microsoft, with a focus on sales strategy, channel development and regional market expansion.
“Sophos’ channel-first DNA ensures our partners are the primary engine for delivering cybersecurity at scale. I look forward to partnering with our ASEAN and Korea ecosystems to sharpen our collective capabilities and unlock new growth, ensuring our customers can navigate today’s sophisticated threat landscape with absolute resilience.”

Dutch Lady Solar

Kuala Lumpur, May 12: Dutch Lady Milk Industries Berhad has entered into a long-term Power Purchase Agreement with Pekat Solar Sdn Bhd to install a rooftop solar system at its DLMI@Enstek manufacturing facility.
Under the agreement, Pekat will design, install, own and operate the system, while Dutch Lady will purchase the electricity generated. The arrangement allows the company to adopt renewable energy without upfront capital investment.
The project will see solar panels installed across key buildings at the site, including the Distribution Centre, Administration Building and Employee Parking area.
Once operational, the system is expected to generate about 4.9 million kWh of renewable electricity annually, offsetting up to 24 per cent of the plant’s total electricity consumption.
Construction is expected to begin in June 2026, with operations projected for December 2026.
The 15-year agreement supports Dutch Lady’s target to reduce emissions and energy intensity by 30 per cent by 2030.

Betamek Child Guard

Kuala Lumpur, May 12: Betamek Berhad’s subsidiary Betamek Research Sdn Bhd has completed a child presence detection technology project in collaboration with Universiti Teknologi PETRONAS.
The project, titled “SafeSync 360: Next Gen-Infotainment with Child Guard Technology,” was formally closed with a presentation at Zenith Hotel Putrajaya on May 12.
The project achieved Technology Readiness Level 6 and fulfilled all assessment requirements under the ASEAN NCAP 2026–2030 protocol for child presence detection technology evaluation.
Betamek said the project is recognised as the first child presence detection technology researched, designed and developed by a Malaysian company in Malaysia.
SafeSync 360 combines next-generation infotainment capabilities with intelligent Child Guard Technology, aimed at improving child safety and reducing the risk of children being unintentionally left inside vehicles.
Betamek Research will continue working towards commercialising the technology for Malaysia’s electric vehicle and internal combustion engine automotive segments.

iCents Wins Subcontract

Kuala Lumpur, May 12: iCents Group Holdings Berhad’s wholly-owned subsidiary, VC Engineering Sdn Bhd, has secured a RM34.5 million subcontract for a data centre development.
The letter of award was accepted from a local construction company and covers the supply, delivery, installation, testing, commissioning and maintenance of air-conditioning and mechanical ventilation systems for the project.
The project is expected to be completed by February 2027 and is expected to contribute positively to the group’s earnings over its duration.
iCents said it remains focused on strengthening its project execution capabilities and expanding its presence in high-specification industries, including data centre developments.

Verdant Solar Grows

Kuala Lumpur, May 15: Verdant Solar Holdings Berhad has reported an outstanding orderbook of about RM49.8 million as at 31 March 2026, supported by growing demand across Malaysia’s residential and commercial solar segments.
The integrated solar photovoltaic solutions provider said revenue for the third quarter ended 31 March 2026 was mainly contributed by its engineering, procurement, construction and commissioning segment, which generated RM8.56 million, or 97.61 per cent of total revenue. Operations and maintenance services contributed RM0.21 million.
Gross profit stood at RM2.47 million for the quarter, while the group recorded a loss after tax of RM1.98 million, reflecting ongoing operational scaling, evolving project mix and margin impact from increasing Battery Energy Storage System deployments under the Solar Accelerated Transition Action Programme.
Zeth Lim, Managing Director of Verdant Solar Holdings Berhad, said: “Demand across Malaysia’s renewable energy market continues to expand as customers increasingly prioritise long-term energy efficiency, sustainability and integrated energy solutions. At the same time, growing adoption of solar-plus-storage solutions is creating new opportunities across both residential and commercial segments. Verdant Solar remains focused on strengthening execution capabilities, expanding customer reach and enhancing our integrated renewable energy offerings as we continue building a scalable platform positioned to participate in Malaysia’s long-term energy transition.”
The group said it maintained cash and cash equivalents of RM48.1 million and total bank borrowings of about RM0.7 million as at 31 March 2026, giving it financial flexibility to support future expansion and operational scaling.