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KUALA LUMPUR, May 27 -- The retail prices of RON95 and RON97 petrol have been reduced by 15 sen and 20 sen per litre respectively, while the price of diesel in Peninsular Malaysia has been reduced by 10 sen per litre for the period from May 28 to June 3. The Ministry of Finance (MOF) in a statement today announced that the retail price of RON95 petrol has been reduced to RM3.92 per litre from RM4.07, RON97 to RM4.65 from RM4.85, while diesel in Peninsular Malaysia has been reduced to RM4.87 from RM4.97. According to the ministry, in line with the Automatic Price Mechanism (APM) formula, the retail prices of petrol and diesel for the week in question were reduced following the decline in the average international market price in the previous week. “However, this decline does not indicate that the pressure on the global petroleum market has subsided as market uncertainty following the conflict in the Middle East that has lasted for more than 12 weeks still persists. “In addition, the damage to oil production and refining facilities in the Middle East will require a long period of time to recover,” the statement said. Meanwhile, MOF said the MADANI Government continues to maintain the price of subsidised petroleum products in a targeted manner to preserve the livelihood of the people and the operations of certain sectors in the uncertain global market conditions. The subsidised prices maintained are RON95 through BUDI95 at RM1.99 per liter, diesel in Sabah, Sarawak and Labuan (RM2.15), while for the Subsidised Petrol Control System (SKPS) and the Subsidised Diesel Control System (SKDS) at RM2.05 and RM2.15 per litre respectively. According to MOF through BUDI95, the government continues to maintain the subsidised RON95 price for more than 14 million eligible recipients, with more than 90 per cent of the total fuel consumption in the country involving subsidy recipients. “At the current unsubsidised RON95 price of RM3.92 per litre, the consumption of 200 litres will cost RM784. This means that the MADANI Government will bear RM386 for each recipient who uses the full BUDI95 entitlement. “Through the monthly eligibility ceiling of up to 200 litres, BUDI95 recipients will only pay up to RM398 per month for the full use of the entitlement,” the statement said. MOF said to balance the cost of living and fiscal expenditure needs prudently, the government will continue to take a targeted approach to protect the people from fuel price fluctuations, in addition to ensuring that the country’s supply remains sufficient and secure. Meanwhile, the government calls on the people to practise fuel consumption prudently through more efficient travel planning and reducing unnecessary travel to help ensure that the country’s supply continues to be secure in the current uncertain global market conditions. -- BERNAMA

Retail Prices Of Petrol, Diesel To Drop From Tomorrow Until June 3

KUALA LUMPUR, May 27 — The retail prices of RON95 and RON97 petrol have been reduced by 15 sen and 20 sen per litre respectively, while the price of diesel .... read more

KUALA LUMPUR, May 27 -- The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) has welcomed the role of Credit Guarantee Corporation Malaysia Bhd (CGC) in helping micro, small and medium enterprises (MSMEs) gain access to financing through guarantee schemes, financial advisory services and financing facilitation initiatives. Its Minister Steven Sim said the efforts were crucial in helping underserved MSMEs obtain financing and working capital amid rising operating costs and geopolitical uncertainties linked to conflicts in West Asia. “Many MSMEs, particularly micro and small enterprises, still face difficulties obtaining financing due to limited credit history and high borrowing costs,” he said in a statement today after chairing a meeting with CGC on efforts to strengthen financing and capital access for MSMEs in Malaysia. During the meeting, CGC briefed KUSKOP on ongoing initiatives, including credit guarantee schemes, financing facilities, digital marketing training, youth entrepreneur development programmes and MSME networking sessions nationwide. Sim also called on agencies under KUSKOP, particularly SME Corp Malaysia, to strengthen cooperation with CGC and enhance outreach on financing assistance through platforms such as the MyKNP financing advisory service and the imSME online financing referral platform, supported by CGC and Bank Negara Malaysia. He said KUSKOP remained committed to working closely with financial institutions, development financial institutions and ecosystem partners to improve financing access, strengthen MSME resilience and advance the ‘Empowering Malaysian Businesses’ agenda. -- BERNAMA

KUSKOP, CGC Strengthen MSME Access To Financing – Steven Sim

KUALA LUMPUR, May 27 — The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) has welcomed the role of Credit Guarantee Corporation Malaysia Bhd (CGC) in helping micro, small and medium .... read more

JOHOR BAHRU: The implementation of the Johor-Singapore Special Economic Zone (JS-SEZ) will see a drastic transformation of the rural landscape in the state through the application of Artificial Intelligence (AI) technology and a macro-scale digital economy starting from the grassroots level. This strategic move is to ensure that economic spillover from the international special zone is not only concentrated in urban areas, but also empowers rural communities as a competitive value chain. Pekan Nanas State Assemblyman (ADUN) Tan Eng Meng said domestic preparations need to start now as several rural and suburban areas in Pontian are now within the impact perimeter of the mega economic corridor. He said, for example, Pekan Nanas, traditionally an agricultural area, is now experiencing a rapid transition to a sector based on industry, logistics and high-tech services. "The geographical location close to rapidly developing hubs such as Iskandar Puteri and the Port of Tanjung Pelepas (PTP) places this rural area as a critical spillover zone. "Therefore, the local market, including rural small and medium-sized industry (SME) players, is being driven aggressively to apply the digital economy through collaboration with Perbadanan Usahawan Johor Sdn Bhd (PUJB) , " he said in an exclusive interview with Bernama Radio for the Johor Tersohor segment, yesterday. Commenting on the modernisation of the agro-food sector, Tan said the automation and agricultural technology (Agrotech) agenda is now being streamlined to ensure that traditional farmers are able to integrate with the JS-SEZ supply chain standards without experiencing technological shock. Apart from the economic sector, the surge in highly skilled human capital has also begun at the primary school level through collaboration with the Pontian District Education Office (PPD) to expose students to the AI ​​ecosystem and strengthen Technical and Vocational Education and Training (TVET). The move is in line with the country's aspirations to produce a future workforce that meets the needs of foreign investors under the framework of the special economic zone. However, Tan assured that the passion for pursuing the status of a modern economic province will not sideline the agenda of the social safety net at the rural level. "Rural infrastructure development remains a priority to ensure that connectivity access is always balanced with urban areas. At the same time, the welfare of vulnerable groups such as the elderly, people with disabilities (OKU) and homeless patients will continue to be guaranteed through targeted support programmes so that no one is left out of this modernisation trend," he said. He said that aggressive efforts to attract new investments to the corridor will continue to be intensified to open up more quality job opportunities to increase the baseline income of the local community. -- NAMED

JS-SEZ: Johor’s rural communities will produce AI, digital literate workforce

JOHOR BAHRU: The implementation of the Johor-Singapore Special Economic Zone (JS-SEZ) will see a drastic transformation of the rural landscape in the state through the application of Artificial Intelligence (AI) .... read more

KUALA LUMPUR: CIMB Group Holdings Bhd's net profit for the first quarter ended March 31, 2026 (Q1 2026) declined 2.9 percent to RM1.91 billion from RM1.97 billion in the same period last year. According to the group, the net profit translated into a return on equity (ROE) of 11.0 percent and earnings per share of 17.8 sen. “This performance reflects stable underlying momentum despite foreign exchange (FX) and geopolitical headwinds, supported by the disciplined execution of the Forward30 strategy,” he said in a filing to Bursa Malaysia yesterday. In addition, the group's revenue also increased 1.6 percent to RM5.41 billion from RM5.49 billion, despite strong non-interest income (NOII), which increased 11.9 percent quarter-on-quarter to RM1.7 billion, driven by stronger trading and FX income. "This helped offset a five per cent quarter-on-quarter decline in net interest income (NII) to RM3.7 billion, due to a two basis point compression in the group's net interest margin (NIM) during the quarter, although the impact on NII was partly offset by asset growth," it said. However, CIMB Group is seeing early signs of NIM sustainability approaching, with country-level NIM growing quarter-on-quarter by one basis point in Malaysia, 12 basis points in Singapore and five basis points in Thailand. CIMB's total assets and gross loans increased slightly in the quarter, while its cash-based strategy continued to gain traction. The total current account balance of savings accounts (CASA) continued to grow, bringing the CASA ratio to 43.3 percent in March 2026 from 42.7 percent in December 2025. During the quarter, operating expenses declined 5.5 percent quarter-on-quarter, contributing to a strengthening in the cost-to-income ratio (CIR) to 47.2 percent in March 2026 from 49.9 percent in December 2025. Investments in technology, data and artificial intelligence (AI) remained within its target technology cost-to-income ratio range of eight to nine percent, while asset quality remained strong, with the gross impaired loan ratio remaining at 1.7 percent. This reflects disciplined risk management amidst a more uncertain macroeconomic environment. Meanwhile, the capital and liquidity position remains strong, with a Common Equity Tier 1 ratio at 14.3 percent, providing sufficient capacity to absorb potential headwinds and support future growth. On the outlook, Group Chief Executive Officer Novan Amirudin said the group would continue to invest in its digital and regional capabilities to strengthen its franchise, enhance customer relationships, and seize long-term growth opportunities across ASEAN. He said that looking to the future, CIMB remains cautiously optimistic. While our direct exposure to West Asia remains limited, we continue to assess the potential for second-tier impacts on the broader macroeconomic and operating environment. “We continue to see resilient asset and loan growth, supported by strong planning, alongside stable customer franchise revenue across our key markets,” he added. -- BERNAMA

CIMB Group’s net profit drops 2.9 percent to RM1.91 billion in first quarter of 2026

KUALA LUMPUR: CIMB Group Holdings Bhd’s net profit for the first quarter ended March 31, 2026 (Q1 2026) declined 2.9 percent to RM1.91 billion from RM1.97 billion in the same .... read more

HONG KONG, May 26, 2026 /PRNewswire/ -- CodeCoin, a cross-border payment infrastructure provider, has been awarded the "Tech Innovation Growth Enterprise" honor at the 9th World Finance Forum Annual Conference. The recognition reflects growing industry acknowledgment of CodeCoin's compliance-first approach to digital payments, and signals that regulated digital payment tools are emerging as a pillar of next-generation cross-border payment infrastructure. CodeCoin, a cross-border payment infrastructure provider, has been awarded the “Tech Innovation Growth Enterprise” honor at the 9th World Finance Forum Annual Conference. CodeCoin, a cross-border payment infrastructure provider, has been awarded the “Tech Innovation Growth Enterprise” honor at the 9th World Finance Forum Annual Conference. The conference, themed "In Search of a New Anchor for Stability and Growth," brought together senior policymakers and financial leaders. Hong Kong Chief Executive John Lee delivered a video address. Secretary for Financial Services and the Treasury Christopher Hui and Deputy Chief Executive of the Hong Kong Monetary Authority Darryl Chan attended in person, alongside Zhu Guangyao, Chief Advisor of the World Finance Forum and BRICS Think Tank. Discussions centered on shifts in the global economic and financial landscape, Hong Kong's role as an international financial center, and the architecture of next-generation cross-border payment systems. Speaking at the conference, CodeCoin CEO Huang Jianbin said: "As demand for cross-border trade settlements and overseas payments continues to grow, the market is setting a higher bar for next-generation cross-border payment infrastructure. The new infrastructure must not only move money faster, but also establish more reliable and compliant connections in an increasingly complex international environment. We believe compliant digital payment tools will become a key direction in upgrading cross-border payment infrastructure." Huang identified persistent structural friction in traditional cross-border payments — high transaction fees, extended settlement cycles, multi-layered intermediaries and limited service hours — as the core problem that next-generation infrastructure must solve. He argued that the market requires a new payment layer that is more efficient, transparent, auditable and fully compliant. Compared to the delays and costs imposed by multi-tier correspondent banking and cross-timezone clearing, compliant digital payment tools can reduce friction through peer-to-peer settlement networks and end-to-end traceability. Huang further projected that 2026 to 2028 will be a critical window for building this infrastructure layer. "The payment systems of the future will not only serve people and businesses — they will also serve AI agents, autonomous vehicles and intelligent devices," he said. "Payment infrastructure must evolve from serving humans alone to simultaneously serving both humans and machines. Our 'Ark-level' secure payment system is designed precisely for this reality: enabling capital to move fast and arrive safely in complex environments, providing a reliable payment backbone for the next generation of economic activity where humans and machines participate side by side," he added. This outlook is grounded in a broader technological shift. As AI agents move beyond processing information to actively procuring computing resources, purchasing services, triggering contracts and completing settlements autonomously, payment systems must expand their design scope from human users and enterprises to intelligent agents. American entrepreneur Elon Musk's recent characterization of Neuralink's brain-computer interface capabilities as "Jesus-level miracles" has drawn wider attention to how deeply intelligent systems are beginning to reshape economic activity — a shift that CodeCoin sees as directly relevant to payment infrastructure design. To address this emerging reality, CodeCoin has built an "Ark-level" secure payment system across four dimensions. First, post-quantum encryption technology strengthens the system's security resilience against future changes in the computational environment. Second, multi-jurisdiction compliance licensing establishes verifiable institutional trust across different regulatory frameworks. Third, a full-scenario payment loop covers merchants, e-commerce platforms, multinational enterprises, traditional financial institutions and future AI agents. Fourth, an AI-native payment protocol incorporates intelligent agent invocation, settlement and audit requirements from the architectural design stage — ensuring the payment infrastructure keeps pace with AI-driven economic activity while balancing efficiency, compliance and security. Regulatory clarity is increasingly becoming a prerequisite for the cross-border digital payments industry. In his address, Secretary Hui said: "As technology reshapes payments, investment and financial intermediation, jurisdictions that can combine innovation with clear regulation will have an advantage." Huang sees Hong Kong's role evolving alongside this regulatory shift. "Hong Kong has long served as a 'super-connector' linking Eastern and Western capital," he said. "In the era of compliant digital payments, Hong Kong has the opportunity to become something more: a 'compliant transit hub' within the global digital financial network — a place where capital does not merely pass through, but completes regulatory confirmation under a clear supervisory framework." In line with this direction, CodeCoin is building cross-border payment infrastructure that spans issuance, circulation, payment, settlement and redemption, with compliance capabilities integrated at every layer. The company's risk management framework operates across three dimensions: at the KYC (Know Your Customer) level, verifying customer identity, tracing the source of funds and assessing risk profiles; at the KYT (Know Your Transaction) level, monitoring transaction volumes, flows and counterparties to identify anomalous activity; and at the KYA (Know Your Address) level, screening, tracing and rating addresses for risk. Building on this compliance foundation, CodeCoin provides multi-currency cross-border payment and clearing services to merchants, e-commerce platforms, multinational enterprises, traditional financial institutions and future AI agents. About CodeCoin CodeCoin is a next-generation cross-border payment infrastructure provider. Operating under a core strategy of licensed operation and end-to-end compliance, the company builds a global multi-license network and delivers secure, efficient, and cost-effective multi-currency cross-border payment and settlement services for businesses and individuals through proprietary digital payment technology. CodeCoin's core technical team traces its roots to the original WeChat Pay team, who built the mobile payment service into a global infrastructure that covers more than 70 countries and over 1 billion users. The company is now applying this proven expertise to the digital payments space, with the mission to build the next-generation global payment network. Source: CodeCoin

CodeCoin Named World Finance Forum “Tech Innovation Growth Enterprise”; Compliant Digital Payment Infrastructure Gains Industry Recognition

HONG KONG, May 26, 2026 /PRNewswire/ — CodeCoin, a cross-border payment infrastructure provider, has been awarded the “Tech Innovation Growth Enterprise” honor at the 9th World Finance Forum Annual Conference. .... read more

ZHUHAI, China, May 26, 2026 /PRNewswire/ -- Huepar, a global brand of precision measuring tools trusted by contractors, builders, and DIY pros, today announced the launch of the newly upgraded Huepar App, the software backbone of the Huepar Tools ecosystem. The app moves far beyond its original role as a simple remote, turning affordable Huepar hardware into a connected, professional-grade workflow — from measurement to deliverable. One App, Nearly 30 Devices The Huepar App now supports almost 30 devices across five categories: laser levels, laser distance meters, digital angle gauges, rotary lasers, and motorized bases. For the first time, a single phone replaces the stack of remotes that used to crowd a tool belt. Crews can wake a leveled laser from sleep without climbing a ladder, trigger a tripod-mounted distance meter without shaking the laser point, and command a motorized base — all from one screen. Remote control here is more than convenience: it protects the hard-won millimeter-level accuracy of every setup. Point-to-Point Measurement on Entry-Level Hardware A standout capability, Point-to-Point (P2P), measures the distance between any two points in space — the diagonal from a wall corner to a ceiling fixture, the gap between a pendant light and an outlet, or any two points on different planes. Traditionally, this required premium laser distance meters with built-in tilt sensors. Huepar's solution uses the phone's own motion tracking to compute the spatial angle, allowing budget Huepar meters without tilt sensors to perform the same task. In internal testing, the app's angle calculation often produced a smaller total error than professional-grade meters. Layout, Guided by Vibration The new Layout function turns a tedious manual process into a guided walk. Users see live on-screen direction — which way to move, how much distance is left — to find evenly spaced points (for example, a mark every 20 inches). Because the distance meter stays fixed while the user walks, the laser never shakes. Haptic feedback signals "approaching" and "arrived," letting users keep their eyes on the wall instead of the phone. Capture, Annotate, and Deliver The app closes the loop from measurement to deliverable. Every reading is saved automatically and organized by date, project, room, or client — no more scattered numbers across notes apps and chat threads. Users can snap a jobsite photo, drag measurement lines onto the image, drop in door and window components, and label key dimensions. Finished sketches export as high-resolution images, ready to share with teammates or insert into project documents. Built on a New Foundation The release ships on a fully rebuilt architecture that resolves prior performance and compatibility issues. macOS has completed technical validation; Windows and large-screen versions are in progress. The team is actively developing cloud sync, AR measurement, and CAD file conversion. "Good tools should not be locked behind a high price tag," said Xiaopeng, the lead developer, Huepar. "With the new Huepar App, an entry-level meter in the user's hand can do what once required professional-grade equipment." The Huepar App is available now as a free download on the App Store and Google Play. Users without a Huepar device can still try the guided measurement and canvas tools. About Huepar Huepar designs and manufactures precision measuring tools — including laser levels, laser distance meters, rotary lasers, digital angle gauges, and motorized bases — for contractors, builders, and DIY professionals worldwide. The Huepar Tools ecosystem combines accessible hardware with the Huepar App to put professional-level jobsite capabilities within reach of every user. Learn more at https://huepar.com/. Source: Huepar

Huepar Launches Next-Generation Huepar App, Bringing Pro-Grade Measurement Capabilities Within Reach of Every Jobsite

ZHUHAI, China, May 26, 2026 /PRNewswire/ — Huepar, a global brand of precision measuring tools trusted by contractors, builders, and DIY pros, today announced the launch of the newly upgraded .... read more

KUALA LUMPUR, May 26 -- The ringgit opened higher against the US dollar and other major currencies on Tuesday, amid talks between the United States (US) and Iran that could potentially end the conflict and lead to the reopening of the Strait of Hormuz. At 8am, the local currency strengthened to 3.9500/9560 against the US dollar from 3.9510/9550 at the close on Monday. US President Donald Trump reportedly said the talks were 'going well' while Pakistan's Army Chief informed China that a deal was 'close'. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said that although there was optimism that the two countries could reach an agreement, no concrete developments had materialised. “Meanwhile, the impact on the cost of living and the need for global central banks to maintain a tight monetary policy stance are putting pressure on bond markets through rising yields. "In short, the outlook is still unclear and traders are expected to remain cautious about the impact on the real economy," he told Bernama. He said the ringgit was expected to trade flat at RM3.94 to RM3.95 today and market participants were awaiting further information on the ongoing US-Iran negotiations. In the opening session, the ringgit traded higher against a basket of major currencies. It strengthened against the Japanese yen to 2.4847/4887 from 2.4860/4887 at Monday's close, rose against the euro to 4.5958/6028 from 4.5998/6044 yesterday and rose against the pound to 5.3301/3382 from 5.3311/3365 previously. The local currency was mostly higher against regional currencies, however flat against the Indonesian rupiah at 222.6/223.0. The ringgit rose against the Singapore dollar to 3.0917/0967 from 3.0932/0966 at yesterday's close, higher against the Philippine peso to 6.42/6.44 from 6.43/6.44 and up against the Thai baht to 12.1445/1704 from 12.1640/1816 previously. -- BERNAMA

The ringgit opened higher against the US dollar as the US-Iran talks took place

KUALA LUMPUR, May 26 — The ringgit opened higher against the US dollar and other major currencies on Tuesday, amid talks between the United States (US) and Iran that could .... read more

KUALA LUMPUR, May 26 -- Tourism Malaysia and Singapore Airlines (SIA) have signed a memorandum of understanding (MoU) to strengthen cooperation in boosting tourism and enhancing air connectivity between Malaysia and Singapore. In a statement today, Tourism Malaysia said the partnership reflects a shared commitment to positioning Malaysia as a preferred travel destination while improving connectivity through SIA’s extensive global network across key markets in Europe, Australia and the Asia-Pacific region. The collaboration is also expected to support the recovery and growth of Malaysia’s aviation and tourism sectors by strengthening regional hub connectivity via Singapore. Tourism Malaysia director-general Mohd Amirul Rizal Abdul Rahim said the partnership comes at a crucial time as Malaysia intensifies preparations for Visit Malaysia 2026 (VM2026) and beyond. “Through this MoU, we aim to enhance Malaysia’s visibility in high-yield markets, improve connectivity and roll out impactful joint campaigns to stimulate demand and drive quality tourist arrivals into the country,” he said. Meanwhile, SIA regional vice-president for Southeast Asia Louis Leonard Arul said the partnership reinforces the airline’s strong commitment to supporting Malaysia’s tourism growth and global connectivity. He said SIA would align its efforts in key overseas markets through targeted campaigns and promotional initiatives showcasing Malaysia’s rich heritage, warm hospitality and natural attractions under the MoU. The MoU, signed in May 2026, will be effective for one year and is expected to generate stronger market traction, increase tourist arrivals and sustain the momentum of VM2026 through 2027. -- BERNAMA

Tourism Malaysia, Singapore Airlines Partner To Boost Tourism, Air Connectivity

KUALA LUMPUR, May 26 — Tourism Malaysia and Singapore Airlines (SIA) have signed a memorandum of understanding (MoU) to strengthen cooperation in boosting tourism and enhancing air connectivity between Malaysia .... read more

TAIPEI, May 25, 2026 /PRNewswire/ -- TECO Electric & Machinery Co., Ltd. ("TECO", TWSE: 1504) today (25th) held a signing ceremony with Malaysian engineering company Dynaciate Engineering Sdn. Bhd. ("Dynaciate"), officially completing the acquisition agreement. The deal marks a key milestone in TECO's accelerated expansion into Southeast Asia's AI data center infrastructure and global modular data center markets. TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year Photo caption. First row third from left: TECO chairman Morris Li, forth from seft: Dynaciate CEO Ng Kim Thiea TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year Photo caption. First row third from left: TECO chairman Morris Li, forth from seft: Dynaciate CEO Ng Kim Thiea According to TECO's earlier announcement, the transaction involves an investment of approximately MYR 200 million (around USD 50.8 million), with TECO acquiring approximately 78% equity ownership in Dynaciate. Dynaciate will serve as TECO's global manufacturing hub for Modular Data Center (MDC) and power equipment products, as well as an engineering hub supporting TECO's expansion across Southeast Asia, particularly in data center infrastructure projects. At the signing ceremony, TECO Chairman Morris Li stated that, through the deep integration of both companies, TECO has significantly enhanced the execution efficiency and overall in-house manufacturing ratio of its modular prefabrication capabilities. In particular, the collaboration has successfully shortened data center delivery timelines to as little as six months through its core power modules (the StellarForge Module) and generator modules (the PowerWarden Module) , creating a distinct advantage in rapid deployment and accelerating the commercialization of data centers. Dynaciate CEO Ng Kim Thiea said the company is honored to partner with TECO and enter a new phase of growth together. He noted that Dynaciate has extensive experience in engineering, steel fabrication, and large-scale industrial projects for multinational corporations, and since 2025 has actively expanded into the data center engineering market by undertaking projects for international CSP clients. Dynaciate's headquarters and manufacturing facilities are located in the Pasir Gudang Industrial Area of Johor Bahru, Malaysia. The site spans approximately 36,000 square meters, including eight production buildings dedicated to stainless steel and carbon steel fabrication, and is eligible for export tax incentives that support future global supply chain deployment. TECO estimates that after the acquisition, approximately 65% of future data center-related revenue will come from MDCs and prefabricated products, while 35% will derive from AI data center (AIDC) engineering projects. This shift is expected to significantly increase the share of TECO's overall data center business. Data center-related revenue in the Power & Energy Business Group is forecast to rise from under 10% to 30% this year, becoming a key growth driver. TECO website: https://www.teco.com.tw/en-us/solution/data-center/ Dynaciate website: https://dynaciate.com.my/ Source: TECO Electric & Machinery Co.

TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year

TAIPEI, May 25, 2026 /PRNewswire/ — TECO Electric & Machinery Co., Ltd. (“TECO”, TWSE: 1504) today (25th) held a signing ceremony with Malaysian engineering company Dynaciate Engineering Sdn. Bhd. (“Dynaciate”), .... read more

KUALA LUMPUR: Malaysia, especially Johor, is positioning itself as a cost-efficient alternative to Singapore for data centre investments, thanks to its abundant land, availability of energy infrastructure and attractive investment incentives. Moody's Ratings in a report today said Johor's attractiveness to hyperscale companies is further strengthened by its geographical proximity to Singapore and the ability to leverage the republic's strong international ties. “With around 897 megawatts (MW) of installed capacity and significant projects under development, Johor is increasingly being integrated into Singapore-related deployment strategies to meet regional demand. "Johor has successfully leveraged regional capacity constraints to position itself as a leading destination for hyperscale companies," the report said. It added that this is evidenced by significant investment commitments from Microsoft and Oracle, in addition to the launch of a new cloud region in Johor over the past year, which builds on ByteDance's initial deployment in the state. Moody's Ratings said Singapore remains the largest and most mature data center hub in the region, with an estimated 1.0 gigawatt (GW) of installed capacity, supported by its role as a regional connectivity gateway with an extensive submarine cable network and a stable regulatory framework. However, capacity expansion is becoming increasingly limited due to land and energy constraints, as well as sustainability requirements that are driving operators and hyperscale companies to adopt a model of centralizing core operations, while the support network is located around them. This means Singapore serves as a core control and interconnection node, while additional capacity is developed in surrounding markets. Additionally, Moody's Ratings stated that Malaysia, one of the fastest growing data center markets in South and Southeast Asia, benefits from the availability of power and transmission infrastructure, supported by strong energy reserve margins, thus enabling rapid expansion of data center capacity. The credit rating agency said that although Peninsular Malaysia currently has a strong energy reserve margin of around 25 percent, it needs to implement the large investments that have been planned for both generation and energy grid upgrades in the coming years. This is necessary to support further growth in data center demand, as large data center project developments have been announced relative to the size of its energy market. “Failure to implement these energy sector initiatives is likely to limit Malaysia's ability to support further growth in data centre development, as energy demand from data centres is already significant and increasing. “The total energy supply allocated to data centres will exceed 7.0 GW — around 25 percent of the current generation capacity in Peninsular Malaysia — if all data centres that have signed energy supply agreements with local utility companies are developed to their full capacity,” he said. Data centers will account for four percent of total energy consumption in 2025 and are a key driver of demand growth. The share of utilization is expected to continue to increase in line with the increase in operations of existing projects, even before taking into account new additional projects, he added. -- BERNAMA

Johor emerges as cost-efficient data centre alternative hub to Singapore – Moody’s

KUALA LUMPUR: Malaysia, especially Johor, is positioning itself as a cost-efficient alternative to Singapore for data centre investments, thanks to its abundant land, availability of energy infrastructure and attractive investment .... read more

Latest News

SEPANG: The operation of Light Rail Transit 3 (LRT3) which connects Shah Alam, Selangor with surrounding areas is expected to begin at the end of this month, said Transport Minister Anthony Loke Siew Fook. He said the start date of operations would be announced in two weeks and the project was currently in the final phase of trial operations. "After various tests have been carried out and trial operations have been finalised, we are confident that operations (LRT3) can commence," he told reporters after chairing the 62nd Annual General Meeting of the Road Safety Council here today. Meanwhile, Loke said the Bill (RUU) establishing the Malaysian Transport Safety Board (MTSB) will not be tabled in the Parliament session which begins next week. "MTSB has received Cabinet approval, but we are now discussing with the Public Service Department to look at staffing and so on." "This bill will be brought to the next sitting because at this sitting, there is one bill, namely the amendment to the Road Transport Act, which we are giving priority," he said. Loke said the Ministry of Transport (MOT) has also identified individuals to be appointed to the MTSB, which will be finalized in the near future. In another development, Loke said the MOT would hold discussions with e-hailing operators on the possibility of implementing additional safety measures to protect the safety of their drivers. Among the suggestions raised is the installation of dashboard cameras ( dashcams ) in e-hailing vehicles, but this needs to take into account passenger privacy concerns. "In terms of safety measures, we will discuss further with the operator to see what other actions they can take to protect drivers." "In terms of safety, drivers and passengers are equally important. So we have to ensure a balance between the two," he said. -- BERNAMA

LRT3 expected to start operating by the end of June – Loke

KUALA LUMPUR, JUNE 15 -- About 7,000 to 8,000 Rohingya were sent to third countries each year through intergovernmental cooperation, said Inspector-General of Police Tan Sri Mohd Khalid Ismail. However, he said the process has now stalled due to various constraints faced by the countries involved. He said the Rohingya ethnic issue was an international issue stemming from the political and security situation in Myanmar, causing Malaysia to accept their presence on humanitarian grounds. "Malaysia has government-to-government (G2G) cooperation with several countries that allows Rohingya refugees to be temporarily housed before being sent to third countries that need their labor or professional services. "Recently, the process of resettling Rohingyas to third countries has faced several constraints, causing their movement to the country to be halted, thus raising various issues that require the attention of all parties," he told reporters after the launch of the Fight Against Scam: Two Teams, One Goal, here, today. Mohd Khalid said that apart from that, Malaysia also took into account the humanitarian aspect in dealing with the issue, in addition to ensuring that national security continues to be maintained. "Everyone who comes to this country must follow the laws and regulations that have been set. These people are subject to our laws. If they commit an offence, we will take action just like we do against anyone else who comes to our country," he said. He said about 215,000 Rohingya are registered with the United Nations High Commission for Refugees (UNHCR) while local authorities also have their records in collaboration with the Immigration Department to facilitate monitoring. "We know where they are and what their jobs are. So if any crime occurs involving them, it will be easy for us to take action when we know their location and so on," he said. Commenting on crime trends involving the community, Mohd Khalid said the involvement of the Rohingya ethnic group in crime was low, with 89 individuals recorded as being involved in criminal cases for the period 2024 to this year, which is 0.02 percent of the overall crime statistics in the country. In this regard, he reminded the public not to make statements that could affect public safety and order, while stressing that enforcement action would be taken against any individual who violates the law regardless of nationality. The media last Saturday reported that Home Minister Datuk Seri Saifuddin Nasution Ismail said that the rate of resettlement to third countries by the UNHCR was too low for refugees, including the Rohingya, which was one of the reasons why the group remained in the midst of local communities for a long time. Meanwhile, Selangor Police Chief Datuk Shazeli Kahar said the state recorded 192 cases involving 300 arrests of Rohingya between 2025 and May 2026 involving violent and property crimes. He said the police always take consistent and continuous enforcement action and are not based on current sentiment. "The police always work closely with strategic agency partners, for example the Immigration Department and Local Authorities (PBT), we work together to exchange information and carry out integrated operations," he said at a press conference by the Selangor Commercial Crime Investigation Department, here, today. Shazeli said last year six integrated operations were carried out throughout the state of Selangor to address the issue. Commenting on the issue of demolition of illegal settlements, he said discussions on the matter were being held with the local authorities involved so that further, more constructive action could be taken in line with legal provisions. – BERNAMA

Deportation of thousands of Rohingya to third countries every year has stopped – IGP

KUALA LUMPUR, June 15 — Communications Minister and Lembah Pantai Member of Parliament Datuk Fahmi Fadzil has welcomed the successful launch of the Dengue-Free Community (KomBeD) Programme and Mega Anti-Aedes Gotong-Royong initiative, describing it as an important step towards strengthening community involvement in dengue prevention and control efforts. The programme, organised by the Lembah Pantai Health Office in collaboration with the Lembah Pantai parliamentary constituency, was held on Sunday (June 14) and brought together government agencies, strategic partners and local residents in a united effort to combat the spread of dengue fever. The event also featured the National Healthy Malaysia Agenda (ANMS) Roadshow for Lembah Pantai, aimed at promoting healthy lifestyle practices and enhancing public awareness of health-related issues within the community. Fahmi said the initiative reflects the importance of collective responsibility in maintaining a clean, safe and healthy environment, while encouraging greater public participation in efforts to eliminate Aedes mosquito breeding grounds. "Community engagement remains a key component in the fight against dengue. Through programmes such as KomBeD and the Mega Anti-Aedes Gotong-Royong, residents are empowered to take proactive measures in protecting their neighbourhoods and families from dengue outbreaks," he said. He expressed hope that the programme would serve as a catalyst for building a more aware, proactive and committed community capable of sustaining a cleaner, healthier and dengue-free environment. Fahmi also extended his appreciation to all participating agencies, strategic partners and members of the local community for their cooperation and dedication in ensuring the success of the programme. "The commitment shown by all stakeholders demonstrates that effective public health initiatives require strong collaboration between the government, community leaders and residents. Together, we can create healthier communities and reduce the threat posed by dengue," he added. -- MINUTESMY -- SOURCE: FB FAHMI FADZIL

Datuk Fahmi Commends Community Participation in Dengue-Free Community Launch and Mega Anti-Aedes Campaign

KUALA LUMPUR, June 15 — Prime Minister Datuk Seri Anwar Ibrahim today described the groundbreaking ceremony for the Bukit Kiara Permanent Housing Project as a historic milestone that reflects the MADANI Government's commitment to justice, dignity and the welfare of the people. Speaking at the ceremony, Anwar said the project marks the end of a 44-year struggle for residents of Rumah Panjang Bukit Kiara, who have lived in temporary settlements under challenging conditions while awaiting a permanent housing solution. "This is a meaningful and joyous moment, not only for the residents of Rumah Panjang Bukit Kiara, but also proof that an administration guided by MADANI values will always place justice, courtesy and the dignity of the people at the forefront," he said. The Prime Minister noted that the project represents a concrete step towards resolving a long-standing issue that has affected generations of residents and demonstrates the government's determination to ensure citizens receive their rightful access to proper housing. He said the process of addressing the matter required careful consideration and collaboration among various stakeholders to identify the best possible solution while safeguarding the interests of the affected community. Anwar also expressed appreciation to all parties involved in making the project a reality, stressing that the experience underscored the importance of respecting legislative processes and upholding the role of national institutions. "The rights and welfare of those in need must continue to be protected, with justice enjoyed by all citizens regardless of race, religion or background," he said. He added that the government's efforts to uplift the urban poor would remain a priority, in line with its commitment to ensuring that no segment of society is left behind in the nation's development agenda. According to Anwar, development must be inclusive and benefit all levels of society, as true national progress can only be achieved when every citizen is able to participate in and benefit from economic and social advancement. During the ceremony, the Prime Minister also announced a RM1 million grant to assist longhouse residents transitioning into their new homes. The allocation will be used to provide residential maintenance subsidies for a period of three years and will be managed by Kuala Lumpur City Hall (DBKL). He said the initiative forms part of the MADANI Government's ongoing commitment to preserving the welfare and quality of life of residents after they relocate to their new permanent housing units. -- MINUTESMY -- SOURCE: FB ANWAR IBRAHIM

Bukit Kiara Permanent Housing Project Ends 44-Year Wait for Longhouse Residents – PM Anwar

LONDON, 15 June  -- AI is rapidly reshaping the skills employers want most from workers – increasing the emphasis on human skills such as judgement, creativity and leadership – as companies most able to use AI continue to expand hiring faster than their peers, according to PwC's 2026 Global AI Jobs Barometer, released today.  The Barometer, which analysed more than one billion job ads across six continents, also finds that AI is driving a 'two-track' global labour market in which 'professionalised' roles – in which AI automates routine tasks so human judgement and expertise are emphasized – are growing faster than roles 'democratised' by AI – in which AI makes the role itself easier for non-experts to perform. 'Professionalised' roles (such as radiologists or recruiters) are seeing twice the growth in available jobs and 42% faster salary growth than those categorised as 'democratised' (such as IT service managers or medical secretaries). At the entry level, AI appears to be increasing demand for more 'senior' skills from junior workers. Based on 2.4 million entry-level jobs analysed in the US, entry-level roles most exposed to AI are now seven times more likely to require traditionally senior-level 'human-intensive' skills like leadership, creativity or face-to-face interactions. Job openings for these 'seniorised' entry-level roles have grown 35% since 2019, while other entry-level roles shrank 10%. Joe Atkinson, Global Chief AI Officer, PwC, said: "Across the global economy, we're beginning to see a new divide emerge between different models for talent and value creation. The companies seeing the greatest returns on AI are using it to amplify human expertise, accelerate innovation and create entirely new sources of value. As a result, they are pulling further ahead on productivity and growth than companies that focus primarily on automation." AI is driving a productivity boom – and "super-star" companies most able to use AI are pulling ahead significantly The report finds widening divergence between companies most and least exposed to AI. Companies operating in the most AI-exposed sectors recorded 34% productivity growth in 2025 relative to 2018, compared to 24% for the companies least able to use AI. Within this group, a pronounced "super-star" effect is emerging. The top 20% of the most AI-exposed companies achieved average labour productivity growth of 163% relative to 2018 – nearly five times higher than the most AI-exposed companies overall. Perhaps most surprisingly, headcount growth at the most AI-exposed companies is outpacing growth at the least AI-exposed companies – 52% relative to 36% in 2025, based on 2018 baseline levels. Average wage premium for AI skills hits 62% as AI job postings eclipse broader labour market growth As companies continue to boost productivity with AI, the average wage premium for workers with AI skills continued to surge higher – hitting 62%, up from 57% last year. The wage premium varies by industry: as high as 118% in some sectors, such as consumer markets, and 16% in government and public sector work. Jobs requiring specific AI skills – such as prompt engineering or machine learning – have also soared, growing roughly eight times (69%) as fast as the overall jobs market, at 9%. The number of AI jobs is almost twice as high as 2024, with growth in AI jobs outpacing all jobs since 2015.  Sectors including technology, media and telecommunications (11%) and professional services (6%) sectors saw the highest share in AI job growth – with health at the lowest end (less than 1%) Pete Brown, Global Workforce Leader, PwC, said: "The traditional relationship between experience and expertise is changing. AI is removing some of the routine work that once acted as an apprenticeship, while increasing demand for judgement, leadership and adaptability much earlier in careers. Organisations need to rethink how they develop talent if they want people to thrive in this new environment." Notes to Editors About PwC 2026 Global AI Jobs Barometer  PwC's 2026 AI Jobs Barometer analysed more than one billion jobs advertisements in 27 countries and territories. The Barometer combines large-scale labour market, company financial and occupational task data to understand how AI is reshaping jobs, skills, wages and productivity across the global economy. Additionally, this year's Barometer includes targeted analysis of entry-level roles, including how the skill requirements of early-career jobs are changing in highly AI-exposed occupations. You can read the full report and learn more about the methodology and key takeaways at www.pwc.com. About PwC  At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We're a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com. --  PRNewswire -- Source: PwC

AI reshapes global labour market into two distinct paths, rewarding human skills: PwC 2026 Global AI Jobs Barometer