Kuala Lumpur News

Tec D Signs Wasabi Deal

Tec D, a TD SYNNEX company, has announced a new distribution agreement with Wasabi Technologies to help partners across Singapore and Malaysia meet growing demand for cloud storage, data protection and cyber resilience solutions.
The partnership expands Tec D’s cloud and data management portfolio, enabling resellers and managed service providers (MSPs) to address customer needs around AI, backup, archive, disaster recovery and ransomware protection through Wasabi’s cloud object storage platform.
“Wasabi is a strong addition to Tec D’s cloud and data management portfolio, addressing fast-growing demand in Singapore and Malaysia for cost-efficient storage, backup and cyber-resilience solutions,” said Mark Tan, Vice President, Tech Data Singapore & Tec D Malaysia. “As organisations face rapid data growth, accelerating cloud adoption, heightened ransomware and compliance concerns, and continued pressure to optimise IT spend, Wasabi gives partners an affordable, secure and cloud-first solution to help SMB and enterprise customers modernise backup and archive without hyperscaler cost unpredictability. It also complements our existing cloud and cybersecurity ecosystem and supports our strategy to grow recurring, consumption-based cloud revenue.”
Partners will gain access to Wasabi’s cloud storage portfolio backed by Tec D’s support ecosystem, including its Tech Center of Excellence, partner enablement resources, cloud marketplace capabilities, financing options, and local billing and support services.
“Singapore and Malaysia are important growth markets for Wasabi as organisations look for a smarter alternative to complex and unpredictable cloud storage models,” said Raymond Koh, ASEAN Country Manager, Wasabi Technologies. “Tec D’s deep channel relationships, local presence and ability to help partners build complete data protection and cloud solutions make them an ideal distributor to expand our reach and support customers across the region.”
Tec D will distribute Wasabi Hot Cloud Storage, an S3-compatible object storage platform designed for frequently accessed data, alongside Wasabi Cloud NAS and Wasabi Surveillance Cloud, with integrations across backup and recovery providers including Veeam, Commvault and Rubrik. The platform features built-in security capabilities such as object lock, immutability and versioning to strengthen ransomware resilience.

I-Berhad Posts Resilient H1 Results

I-Berhad (4251) reported profit before taxation of RM27.0 million for the six months ended 30 June 2026, an improvement on the prior corresponding period despite a softer property market and cautious consumer spending.
Property Development profit before taxation rose 17% to RM12.1 million, driven by improved margins on sales of Twenty8 and 8 Premier. Property Investment remained the Group’s largest recurring earnings contributor, with profit before taxation up 29% to RM13.0 million, supported by around 96% occupancy at Mercu Maybank Corporate Tower, full occupancy at Block M Data Centre, and steady contributions from Central i-City Mall.

The Group is positioning 2026 as a strategic turning point as it shifts from a traditional property developer toward an integrated AI-enabled urban ecosystem. This direction was showcased at DATUM 2026, held alongside the Kuala Lumpur Architecture Festival and officiated by the Minister of Housing and Local Government, where i-City presented its AI Living ecosystem to around 2,200 architects and industry professionals, covering AI orchestration, robotics, wellness, building automation and digital services.
Looking ahead, I-Berhad’s strategy is underpinned by approximately RM5 billion in remaining gross development value within i-City, with upcoming AI World developments, including AI Living residences, expected to drive future growth alongside the Group’s expanding recurring income base.

EcoSys Signs IPO Underwriting Deal

EcoSys (Malaysia) Berhad, a pan-semiconductor industrial solutions provider, has signed an underwriting agreement with M & A Securities ahead of its planned IPO on Bursa Malaysia’s ACE Market.
The offering comprises a public issue of 145.70 million new shares, representing about 25.5% of the company’s enlarged share capital, with no offer for sale.

Shares will be allocated across the Malaysian public, employees and eligible persons via Pink Form allocations, and private placements to Bumiputera and selected investors. M & A Securities will underwrite 40 million shares and place out the remaining 105.70 million.
Gross proceeds of roughly RM39.34 million will fund EcoSys’ abatement segment expansion, debt repayment, capability upgrades, its push into the Indian market, working capital, and listing costs.
EcoSys received Bursa Securities’ approval for the ACE Market listing on 8 June 2026.

SCIB Wins RM24.59M Sabah Contract

Sarawak Consolidated Industries Berhad (“SCIB”), via its wholly-owned subsidiary SCIB Industrialised Building System Sdn. Bhd. (“SIBS”), has secured a RM24.59 million EPCC subcontract to reconstruct the dilapidated school building at Sekolah Kebangsaan Kaingaran in Tambunan, Sabah.
The Letter of Award was issued by Belian Juta Sdn. Bhd. Under the subcontract, SIBS will handle the execution and completion of the reconstruction works, including all necessary materials, machinery, equipment and labour.
Works are scheduled to begin on 10 August 2026 and conclude by 22 January 2029, giving the Group earnings visibility over roughly 29 months. The award adds to SCIB’s Construction and EPCC pipeline in Sabah and extends its track record in public sector education infrastructure.
Revenue and profit from the contract will be recognised progressively as work proceeds, with funding drawn from internally generated funds and/or project progress billings. SCIB said it will continue to pursue projects that build on its technical capabilities as it expands its presence across Sabah and Sarawak.

Manforce Secures RM3.4M Orgabio Deal

Manforce Group Berhad (“Manforce”), a provider of foreign workers’ management, manual labour and hostel management services, has secured a three-year contract worth approximately RM3.4 million from Orgabio Manufacturing Sdn. Bhd., a wholly-owned subsidiary of Orgabio Holdings Berhad.
The contract was awarded to Manforce’s wholly-owned subsidiary, Manforce Resources (M) Sdn. Bhd., covering the mobilisation and daily management of 120 foreign workers supporting Orgabio Manufacturing’s operations.
The engagement is expected to run for 36 months, subject to approval of the relevant foreign worker recruitment quota, with the final contract value dependent on the actual number of workers deployed and services used. Under the arrangement, Manforce will manage the workers throughout their employment cycle, including government and immigration applications, work permit renewals, medical examinations, accommodation, transportation and daily welfare needs.
Barring unforeseen circumstances, the contract is expected to contribute positively to Manforce’s earnings, earnings per share and net assets for the financial year ending Feb 28 2027.

ASB Launches RM1M ASEAN Scholarship

The Asia School of Business (ASB) and Tan Sri Dr Lim Wee Chai, Founder and Executive Chairman of Top Glove Corporation Bhd, have announced the establishment of the RM1 million Tan Sri Dr Lim Wee Chai Scholarship for Future ASEAN Leaders, a long-term philanthropic initiative aimed at nurturing future leaders for Malaysia and the ASEAN region.
The RM1 million contribution will create a permanent endowment at ASB, with the principal preserved and invested to generate sustainable funding for scholarships and leadership development initiatives.
ASB, established in collaboration with the Massachusetts Institute of Technology (MIT) Sloan School of Management in 2015, was founded to develop transformative leaders for the emerging world. The scholarship is intended to expand access to quality education and support talented individuals regardless of financial background, in line with ASB’s mission of developing capable, ethical leaders for Malaysia and ASEAN.
The initiative reflects a broader belief among its backers that investing in people and education is key to shaping the region’s long-term leadership pipeline, institutional strength and continued growth.

AskHEMI Adds Personalized Health AI

MedPlanner Sdn. Bhd., developer of AskHEMI, has announced a major update introducing Personalized Health Intelligence and Medication Reminders, two features that turn the app into a health companion tailored to each user.
The update is available now, free, for iOS and Android users in Malaysia and worldwide.
With Personalized Health Intelligence, AskHEMI learns a user’s health profile, including conditions, medications, lab results, allergies and lifestyle, and applies it to every question asked. Users can upload lab reports or prescriptions for the app to read automatically, or ask questions such as whether a medication is safe based on their specific health data. The Medication Reminders feature lets users set schedules, receive timely reminders, mark doses as taken or skipped, and track adherence through weekly and monthly charts.
Built on the HEMI (Health Medical Intelligence) AI clinical engine, which combines multiple LLMs with retrieval-augmented generation (RAG), AskHEMI also allows users to upload or snap photos, such as of a skin condition, to receive instant health insights. The app supports multiple languages, including Bahasa Malaysia, and is free for casual use, with paid plans at RM10 a month for regular access and RM40 for heavier use.

SCIB Expands Into Sabah Property

Sarawak Consolidated Industries Bhd (SCIB) is expanding its presence in Sabah through a strategic co-development agreement for a high-rise residential project in Penampang.
Its wholly owned subsidiary, SCIB Ecobuild Sdn Bhd, has entered into the agreement with Inland World Sdn Bhd to jointly develop two parcels of land measuring about 0.84 acre and 0.811 acre.
The collaboration marks SCIB’s strategic entry into property development and is expected to create new revenue opportunities across its Property Development and Construction and EPCC segments.
Under the agreement, SCIB Ecobuild will be entitled to 80% of the project’s net development profit, while Inland World will receive the remaining 20%.
SCIB said the project has progressed through the necessary planning and regulatory processes, with implementation to proceed according to the co-development agreement.
The group plans to pursue selected development opportunities in strategic growth locations where its construction and EPCC capabilities could provide execution efficiencies and cost advantages.
SCIB’s future property development activities constitute a business diversification under Bursa Malaysia’s Main Market Listing Requirements, and the group will make the necessary announcements and seek shareholders’ approval accordingly.

DPS Plans 89MW Melaka Data Centre

DPS Resources Bhd’s wholly owned subsidiary Shantawood Sdn Bhd (SSB) has signed a memorandum of understanding (MoU) with Hangyue Intelligent Electrical Co Ltd to explore a long-term partnership in digital energy infrastructure, data centres and industrial development in Malaysia.
Under the proposed collaboration, Hangyue will facilitate the colocation of Chinese enterprises at SSB’s proposed data centre in Bukit Rambai, Melaka, which will have a capacity of up to 89MW.
The proposed colocation arrangement is expected to have a minimum tenancy of 15 years, with an indicative rental rate of US$130 to US$230 per kilowatt per month, subject to tenant requirements and definitive agreements.
DPS said the proposed data centre has undergone consultation with Tenaga Nasional Bhd, while SDT Engineering Sdn Bhd has confirmed sufficient power capacity of up to 89.1MW. Water supply availability has also been validated through consultations with Syarikat Air Melaka Bhd and GNL Engineering Consultancy.
The company has also received a support letter from the Melaka Chief Minister dated July 30, 2026, with the relevant application documents submitted to the Data Centre Task Force.
The MoU will also allow both parties to explore opportunities in electronics and semiconductors, digital energy, advanced manufacturing, intelligent equipment, supply chain management and related corporate services.
DPS said the proposed partnership could strengthen its data centre development pipeline and support its participation in Malaysia’s growing digital infrastructure sector. The MoU remains non-binding, with any proposed arrangements subject to further discussions and definitive agreements.