Industry News
BPMB strengthens Malaysia’s climate finance ecosystem with new lab
Bank Pembangunan Malaysia Berhad (BPMB) Group has launched the second cohort of its Climate Finance Innovation Lab (CFIL), reinforcing its dedication to Malaysia’s climate transition. This industry-led platform, under the Joint Committee on Climate Change (JC3), is co-chaired by Bank Negara Malaysia and the Securities Commission Malaysia.
The CFIL is designed to support the development of investment-ready projects that are both climate and nature-positive. Zakiah Mat Esa, Chief Sustainability Officer of BPMB Group, stated, “CFIL reflects BPMB’s commitment to strengthening Malaysia’s climate finance ecosystem by supporting the development of investment-ready climate and nature-positive projects through strategic collaboration.”
The first cohort of CFIL demonstrated the effectiveness of this collaborative approach, with 23 climate-related projects requiring approximately US$850m in investment. Of these, 15 projects joined the CFIL Accelerator Programme, with one securing international grant funding and three showcased at the Sasana Symposium 2026.
The second cohort introduces enhanced eligibility criteria and a more structured selection process. It includes 22 projects across various sectors, such as Energy Transition, Green Innovation, and Sustainable Agriculture, with a total investment need of around US$423m.
CFIL aims to facilitate funding success for at least two projects, expanding partnerships with private equity firms, venture capitalists, and international grant providers. The programme will be executed in collaboration with the UN Global Compact Network Malaysia, Brunei & Cambodia, ahead of the JC3 Conference in September 2026. Through CFIL, BPMB continues to foster strategic partnerships and drive sustainable development in Malaysia.
AIA Singapore expands cross-border care for more than 1 million employees
AIA Singapore has announced significant enhancements to its corporate insurance offerings, set to take effect from 1 August 2026. These changes aim to address the pressing issue of healthcare affordability amidst rising medical costs, benefiting more than one million corporate insured members—approximately one-third of Singapore’s workforce.
The enhancements include expanded cross-border access to inpatient and dental care in Malaysia, allowing employees to seek treatment at lower costs. Kenneth Tan, Chief Corporate Solutions Officer at AIA Singapore, stated, “By extending corporate medical access across the border into Malaysia and removing General Practitioner (GP) referral requirements at zero additional premium cost, we are directly shielding more than 1 million employees in Singapore from rising costs.”
Key improvements also feature a waiver for GP referrals to specialist clinics in Singapore public hospitals, expediting access to specialist care. Additionally, the pre-authorisation process has been fully digitalised, and round-the-clock GP teleconsultation is now available via the WhiteCoat app, offering 24/7 access to medical advice and prescription deliveries.
These enhancements come at no additional premium and are automatically applied to eligible corporate policies. AIA Singapore’s initiative coincides with its 95th anniversary, reinforcing its commitment to improving healthcare access and supporting the wellbeing of employees and their dependants.
TA Global targets Singapore with luxury CloutHaus launch
TA Global Berhad, a prominent Malaysian property developer, has launched its latest ultra-luxury development, CloutHaus Residences, in Singapore. This exclusive two-day showcase highlights the growing interest among Singaporean investors in premium properties within Kuala Lumpur, underscoring Singapore’s role as a key outbound investment market.
CloutHaus Residences, envisioned as “The Ultimate Address of Luxury,” is part of TA Global’s RM3 billion integrated mixed-use development in Kuala Lumpur City Centre (KLCC). Situated just 50 metres from the iconic Petronas Twin Towers, the development offers a rare chance to own a freehold property in one of the city’s most prestigious locations. The project combines exceptional design, world-class hospitality, and unparalleled connectivity, redefining contemporary luxury living.
TA Global’s CEO, Tiah Joo Kim, stated, “Singapore has long been an important market for TA Global, with investors who recognise the value of quality real estate backed by strong fundamentals.” He added that discerning buyers are now seeking homes that offer exceptional quality, personalised service, and enduring value.
The development features two towers rising 276 metres above the Kuala Lumpur skyline, comprising 615 fully furnished serviced residences, a Paradox Hotel, and 242 Paradox-branded residences. Each home is equipped with premium appliances and fittings from renowned brands such as Gaggenau, Gessi, and Laufen.
The Singapore showcase provided prospective homeowners, investors, and industry partners with a private preview of CloutHaus Residences, along with insights into Kuala Lumpur’s evolving high-end residential market and cross-border investment opportunities. As Kuala Lumpur strengthens its position as a luxury living destination, CloutHaus Residences offers Singapore investors a unique opportunity to own a prestigious freehold address.
Sime Darby Property unveils RM2.60b Green Sukuk for hyperscale data centres and logistics assets
Sime Darby Property NEV (Holdings) Sdn. Bhd. has announced the establishment of the world’s first RM2.60b Green Sukuk Programme. This initiative aims to finance the development of energy-efficient hyperscale data centres and industrial and logistics assets, marking a significant advancement in Malaysia’s digital infrastructure and sustainable finance landscape.
The Green Sukuk Programme will support the New Economy Venture (NEV) Fund, a RM1.25b Shariah-compliant fund focused on build-to-suit-to-lease developments. The programme features a dual-tranche financing structure, combining guaranteed and non-guaranteed Sukuk financing, supported by Maybank Investment Bank, OCBC Al-Amin, the Asian Development Bank, and the Credit Guarantee & Investment Facility.
The funds will be used to develop hyperscale data centres in Elmina Business Park, with a 20-year lease agreement with a multinational technology company, and a distribution warehouse in the City of Elmina, under a 15-year lease with a local hypermarket operator. Both projects are expected to be completed by the end of 2027.
Dato’ Seri Azmir Merican, Group Managing Director and CEO of Sime Darby Property, stated, “The RM2.6b Sukuk Programme marks a defining milestone in our SHIFT32 transformation, strengthening Sime Darby Property’s position in the rapidly growing new economy sector.”
This initiative aligns with Malaysia’s digital economy ambitions, positioning Elmina Business Park as a preferred destination for global hyperscale operators. The programme also underscores Sime Darby Property’s commitment to sustainable growth and innovative funding structures.
OMODA & JAECOO Malaysia surges to top 5 in auto sales
OMODA & JAECOO Malaysia has swiftly climbed the ranks to become one of the country’s top automotive brands, selling over 8,100 vehicles by July 2026. This achievement places the brand fifth among Malaysia’s best-selling automotive brands, highlighting growing consumer confidence in its SUV range.
The JAECOO J5, a premium SUV launched in March 2026, has been a key contributor to this success, with over 2,500 units delivered in just four months. Known for its premium craftsmanship and advanced technology, the J5 has resonated well with Malaysian buyers.
In a bid to further its electrification efforts, OMODA & JAECOO Malaysia has opened bookings for the JAECOO J5 EV, its first fully electric model in the country, priced from RM125,000. This launch follows a remarkable first half of 2026, where new energy vehicle deliveries increased by 843% year-on-year, reaching 2,300 units compared to 244 units in H1 2025.
The introduction of the J5 EV expands the brand’s new energy vehicle portfolio, offering Malaysian consumers a wider range of options, including internal combustion, plug-in hybrid, and fully electric powertrains. As the brand enters a new growth phase, it remains dedicated to providing intelligent mobility solutions and innovative technologies to shape the future of mobility in Malaysia.
Malaysia Airlines tackles turbulence threat with new tech
Malaysia Airlines has bolstered its operational capabilities by integrating the International Air Transport Association’s (IATA) Turbulence Aware programme. This initiative aims to enhance flight safety and provide passengers with a more informed and comfortable travel experience. By equipping pilots with real-time turbulence information, the programme facilitates better decision-making and situational awareness, ensuring safer and more efficient flight operations.
The adoption of this programme underscores Malaysia Airlines’ commitment to investing in technology and collaborating within the industry to maintain high safety standards. The airline’s participation is expected to improve turbulence data coverage across Asia, Europe, and Oceania, regions known for their dynamic operational environments.
Malaysia Airlines stated, “Our participation reflects our continued investment in safe, reliable, customer-focused operations and industry collaboration to support global efforts in enhancing aviation safety and efficiency.”
As the national carrier of Malaysia, Malaysia Airlines offers premium travel options and carries up to 40,000 guests daily. The airline is renowned for its Malaysian Hospitality, which is inspired by the nation’s diverse heritage. Since September 2015, Malaysia Airlines has been operated by Malaysia Airlines Berhad, part of the Malaysia Aviation Group, which provides a range of aviation and lifestyle travel solutions globally.
This strategic move not only reinforces Malaysia Airlines’ dedication to safety but also contributes to the broader aviation community’s efforts to improve operational efficiency and passenger comfort worldwide.
Malaysia highlights role as a trade and investment hub in the ASEAN
Malaysia is positioning itself as a pivotal trade and investment hub within the ASEAN region, as highlighted at the recent World Trade Centre Association (WTCA) Global Business Forum. The event, held in Kuala Lumpur, brought together over 500 business leaders from 53 countries to discuss the future of international commerce amidst geopolitical tensions and supply chain realignments.
ASEAN, home to more than 680 million people, is becoming an attractive destination for manufacturing and digital investments. Malaysia’s strategic location at the crossroads of major global shipping lanes and its integration into regional trade frameworks make it an ideal gateway between Northeast Asia, Southeast Asia, the Middle East, and Europe. The country’s robust logistics infrastructure and growing digital economy further enhance its appeal.
Dato’ Sri Dr. Haji Irmohizam Ibrahim, Group Managing Director of World Trade Centre Kuala Lumpur, emphasised the importance of trust and connectivity in today’s business environment. “Malaysia’s strategic location, strong trade fundamentals and longstanding relationships across multiple regions position us to play an increasingly crucial role in shaping the future of ASEAN trade corridors,” he stated.
The WTCA plans to continue supporting its global network through programming and partnerships that strengthen international business ties. The next WTCA Global Business Forum is scheduled for April 2027 in Vietnam, highlighting the region’s ongoing rise as a hub for innovation and connectivity.
As businesses seek stability and new growth opportunities, Malaysia’s role as a trusted bridge in Southeast Asia is set to expand, offering resilience and potential for global enterprises.
AnyMind Group boosts influencer power in Malaysia
AnyMind Group has announced the addition of six macro-influencers to its exclusive creator roster for Instagram and TikTok in Malaysia, bringing the total to nearly 100. The new influencers, including Amni Rashidi, Alia, Hana Nabilah, Alia Izzaty, Nor Hazira, and Muhammad Ezzriq, are expected to bolster the company’s social commerce capabilities by integrating their high-reach profiles into AnyMind’s ecosystem.
The expansion aims to enable brands to deploy data-driven affiliate strategies, turning multi-platform engagement into measurable sales performance. Marketers can track campaign metrics through AnyMind’s AnyTag platform, which also provides influencers with tools to grow their presence and maximise reach. This integration is part of AnyMind’s strategy to create a robust influencer ecosystem that bridges creative content with social commerce.
The newly signed influencers have a strong presence across TikTok and Instagram, specialising in niches such as beauty, fashion, travel, and family content. They bring established audience trust and category expertise, offering immediate impact for brands. For instance, Amni Rashidi has collaborated with brands like YSL and Shopee, whilst Alia has worked with skincare brands such as Cetaphil.
Nor Hazira expressed enthusiasm about joining AnyMind’s network, stating, “I’m so happy to be part of AnyMind Group’s creator network! For me, this is a great opportunity to keep growing as a content creator whilst working with brands that fit my style and audience.”
Lee Chin Chuan, Country Manager for Malaysia, highlighted the significance of this expansion, noting that it marks a milestone as the exclusive creator pool nears the triple-digit mark. He emphasised the company’s commitment to enabling brands to deploy fully trackable, full-funnel affiliate strategies that translate into scalable sales performance.
This development is further supported by AnyMind’s role as an official Shopee MCN programme partner in Malaysia, providing brands with streamlined access to exclusive affiliate traffic boosts and commission rewards.
HLB Private Bank disrupts private market access
HLB Private Bank, in partnership with Gaia Investment Partners, has unveiled new private market investment vehicles aimed at enhancing client portfolios with higher returns and reduced volatility. Announced at the Private Markets Summit 2026 in Singapore, the launch includes the Global Private Equity Fund-of-Funds II and the Private Markets Evergreen Income Fund, targeting accredited investors.
The global private market sector has seen substantial growth, expanding from US$1t in the 1990s to approximately US$10t today. This growth is projected to reach US$25t by 2030, with private assets already accounting for 10% of global GDP. As public market correlations tighten, HLB Private Bank’s new offerings aim to optimise portfolios by shifting asset allocations.
The Global Private Equity Fund-of-Funds II focuses on long-term capital growth, targeting a mid-teens Net Internal Rate of Return (IRR) through diversification across Mid-Market Buyouts, Co-Investments, Secondaries, and Growth Equity. Meanwhile, the Private Markets Evergreen Income Fund aims for an 8–10% annual return with a 6–8% cash yield, diversifying across US and EU senior direct lending, infrastructure credit, real estate credit, and intellectual property royalties.
Jeffrey Yap, HLB’s Managing Director and Regional Head of Wealth Management, emphasised the significance of these offerings: “Private markets have matured far beyond standalone, tactical allocations, now forming an essential core portfolio building block. By partnering with Gaia, we are moving away from rigid, single-strategy constraints to offer true institutional-grade, multi-sleeve vehicles.”
These developments mark a significant step in providing institutional-grade investment opportunities to a broader range of investors.
BMW Malaysia appoints Tan as managing director
BMW Group Malaysia has announced the appointment of Raymond Tan Chor Ann as its new Managing Director, effective from 1 September 2026. Tan, a seasoned leader with extensive experience within the BMW Group, will succeed Benjamin Nagel, who will transition to Managing Director of BMW Group Importer Markets for Taiwan, Hong Kong, and Macao.
Tan’s career with BMW Group began in 2003 as a Product and Price Planning Manager in Malaysia. His journey has seen him take on various leadership roles, including Regional Product Manager at BMW’s Munich headquarters and Head of Marketing in Malaysia. His return marks a significant homecoming, as he becomes the first Malaysian to lead BMW Group Malaysia.
In his new role, Tan will focus on enhancing customer experience and advancing premium mobility. He aims to strengthen BMW, MINI, and BMW Motorrad’s market positions in Malaysia through strategies like “Technology Openness” and “Power of Choice”. Tan expressed his enthusiasm, stating, “I am excited to lead BMW Group Malaysia as we introduce the Neue Klasse models, marking a new era.”
Nagel, with over 20 years of international leadership experience, will bring his expertise to his new role overseeing the Taiwan, Hong Kong, and Macao markets. He has been instrumental in navigating BMW Group Malaysia through transformative periods, focusing on electrification and digitalisation.
Ritu Chandy, Senior Vice President of Sales for Asia-Pacific, Eastern Europe, Middle East, and Africa, praised Tan’s appointment, highlighting his international experience and understanding of strategic business areas. Chandy also acknowledged Nagel’s contributions and wished him success in his new position.
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