Tag: commercial

YY Group (NASDAQ: YYGH) Announces Strategic Partnership with Velobotics to Advance Autonomous Facility Management Capabilities in Southeast Asia

SINGAPORE, May 26, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), an AI-native workforce management platform and integrated facility management (IFM) provider operating across Asia and beyond, today announced that it has signed a non-binding Memorandum of Understanding with Beijing Velobotics Tech Co., Ltd. ("Velobotics"), a leader in commercial autonomous service hardware. Under the partnership, YY Group intends to serve as a regional commercialization and deployment partner for Velobotics' advanced VIGGO L4 autonomous floor-scrubbing and multi-purpose fleets across Singapore and Malaysia. The collaboration targets the systematic integration of these robotic assets into premium commercial environments currently managed under YY Group's extensive IFM footprint, including transportation hubs, major banking facilities, and mixed-use complexes. The initial deployment phase is planned to evaluate the VIGGO SC series. Built upon Velobotics' proprietary autonomous driving deep-learning architecture, the hardware features advanced multi-sensor fusion alongside specialized automated docking workstations. These workstations are designed to enable hands-free operational loops, including fully automatic water replenishment, self-draining, and autonomous charging, aiming to drastically reduce manual intervention frequencies and optimize human efficiency ratios. "Integrating L4 autonomous driving technology into our daily IFM workflows bridges the gap between traditional manual operations and high-margin smart facility management," said Mike Fu, Chief Executive Officer of YY Group. "By partnering with Velobotics to explore the deployment of self-navigating fleets, our goal is not only to elevate service quality but to structurally insulate our operating margins from regional labor shortages. This is a highly practical execution of our broader AI-native infrastructure roadmap." The partnership aligns directly with the Agentic and Robotic Automation parameters outlined in YY Group's May 11, 2026 Strategic Update. By layering Velobotics' autonomous assets alongside its existing regional programmes, YY Group continues to execute its strategy of serving as a key institutional gateway for advanced commercial automation deployment across Southeast Asia. The partnership has an initial term of 24 months and is non-binding except with respect to confidentiality, intellectual property, public disclosure, and governing law provisions. The Parties intend to negotiate one or more definitive agreements covering commercial terms for product purchase, deployment, and potential market development rights. There can be no assurance that the Parties will enter into definitive agreements, that products will be deployed at any specific scale, or that the collaboration will generate any specific level of revenue or operational impact. About YY Group Holding YY Group Holding Limited (Nasdaq: YYGH) is an AI-native workforce management platform and integrated facility management (IFM) provider, headquartered in Singapore and operating across Asia and beyond. The Company's intelligent workforce solutions platform, YY Circle, helps clients across hospitality, food and beverage, retail, and other service sectors predict, plan, and optimize workforce deployment. In YY Group's IFM business, its 24IFM software platform and comprehensive IFM subsidiary portfolio support clients across hospitality, transportation, banking, retail, and mixed-use facilities. As both business lines scale, the Company is systematically embedding AI and automation capabilities – progressing from intelligent decision support toward increasingly autonomous workforce management – to improve service quality, reduce deployment costs, and drive long-term margin expansion. Listed on the Nasdaq Capital Market, YY Group is committed to infrastructure innovation, measurable client outcomes, and long-term value creation. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market across Southeast Asia, Hong Kong, and other markets in which the Company operates, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, (vi) our ability to successfully develop, deploy, and commercialize our AI-powered products and capabilities, including through strategic partnerships, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law. Source: YY Group Holding Limited

SINGAPORE, May 26, 2026 /PRNewswire/ — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), an AI-native workforce management platform and integrated facility management (IFM) provider operating across Asia and beyond, today announced that it has signed a non-binding Memorandum of Understanding with Beijing Velobotics Tech Co., Ltd. (“Velobotics”), a leader in commercial […]

New Uptown Shah Alam Commercial Complex To Be Operational By Third Quarter of 2026

SHAH ALAM, May 25 -- A new commercial complex in Section 24 here, set to replace the Uptown Shah Alam business centre, is expected to be fully operational by the third quarter of this year. In a statement, the Selangor State Development Corporation (PKNS) said the complex, designed with a modern Bugis concept, will house about 400 traders. It offers modern and eco-friendly facilities to enhance comfort for both visitors and traders. The initiative is part of PKNS’ efforts to strengthen urban development in Shah Alam while creating a more modern, organised and conducive business ecosystem for the local community. “The project is nearing completion and PKNS is in the process of obtaining the Certificate of Completion and Compliance (CCC). “The complex is also expected to become a new catalyst for business activities and attract more visitors to Shah Alam,” it said. According to PKNS, Uptown Shah Alam, which has been operating for over 10 years under its management, has become one of the main hotspots, attracting more than 1,000 visitors weekly. As such, the new development is expected to further boost Shah Alam’s appeal while expanding economic opportunities for local traders. “The two-storey building near Uptown Shah Alam will house 440 dry goods stalls and 20 food stalls in a safer and more organised setting. “It will be equipped with various facilities, including toilets, surau, a stage, lifts, escalators, more than 300 parking bays, as well as facilities for persons with disabilities (PWDs),” the statement said. In line with PKNS’ commitment to sustainability, the complex will also feature a rainwater harvesting system, natural ventilation, waste management for food stalls, and green spaces both inside and outside the building. In addition, community spaces such as a stage, open areas and concourse will create a more comfortable environment for visitors. To improve traffic flow, visitors can use the new access road at Jalan Pudina 24/41 connecting Masjid Al-Ehsan and Kompleks Warga Emas, in addition to the existing route via Persiaran Sultan. -- BERNAMA

SHAH ALAM, May 25 — A new commercial complex in Section 24 here, set to replace the Uptown Shah Alam business centre, is expected to be fully operational by the third quarter of this year. In a statement, the Selangor State Development Corporation (PKNS) said the complex, designed with a modern Bugis concept, will house […]

Agropreneur Sees Potential In Local Onion Farming Amid Import Dependence

KUALA PILAH, May 24 -- What began as a small experimental project with just 500 polybags has now grown into a serious venture for young farmer Muhammad Nazirullah Mohamad Nazlan, who is betting on locally grown red onions as Malaysia looks to reduce its reliance on imports. The 32-year-old agropreneur from Negeri Sembilan had spent the past few years focusing on chilli cultivation, but a collaboration offer from the Malaysian Agricultural Research and Development Institute (MARDI) last October opened the door to something entirely new. Through the project, MARDI supplied him with seeds for the BAW-2 rose onion variety while also providing technical support, monitoring and guidance throughout the planting process. “At first, I only tried 500 polybags as a pilot project. The first harvest came in March, and each polybag produced between 500 and 700 grammes of onions,” he told Bernama when met at his farm in Ulu Pilah here recently. The encouraging outcome quickly convinced him that onion farming could go beyond a small-scale trial. Eager to learn more, Muhammad Nazirullah visited onion farms in Bachok, Kelantan and Gopeng, Perak to better understand commercial cultivation techniques before deciding to expand the project further. Today, he manages around 51,000 polybags of red onions across three separate plots covering eight acres, a scale-up he described as both challenging and rewarding. Red onions, he said, can be harvested within 75 days and planted up to four times a year, making the crop commercially attractive for local growers. He is also preparing another 55-acre onion farm in Tanjung Ipoh, which is expected to begin operations in July. Despite having a background in business studies, agriculture has long been close to his heart, with nearly a decade of experience in the field helping him navigate the demands of modern farming. For Muhammad Nazirullah, the venture is about more than just business. He sees local onion cultivation as part of a bigger effort to strengthen the country’s food security at a time when Malaysia still relies heavily on imported onions. “The government wants to reduce dependence on imported onions by at least 30 per cent by 2030. Right now, we are still building the ecosystem, especially in terms of seed supply before production can be expanded further,” he said. Drawing on nearly a decade of experience in agriculture, he described onion farming as relatively easier to manage compared to other crops as it requires less water and is well-suited for controlled environments such as rain shelter structures. His farm uses fertigation and Internet of Things (IoT) technology, allowing watering and fertilisation to be carried out automatically every hour, a system that helps maintain crop health while reducing disease risks and labour costs. Working alongside a manager and six workers, Muhammad Nazirullah said his first three-tonne harvest was sold to MARDI at RM7 per kilogramme under a five-year collaboration agreement that also includes reseeding activities. Still, expanding the project has required significant investment. Nearly RM400,000 was spent on infrastructure such as rain shelter systems and fertigation facilities, which he believes are necessary to minimise losses during unpredictable weather conditions, especially the monsoon season. Looking ahead, he hopes to expand into downstream products such as fried onions and eventually explore export opportunities once production stabilises, with a long-term target of producing between 15 and 20 tonnes per acre each season. -- BERNAMA

KUALA PILAH, May 24 — What began as a small experimental project with just 500 polybags has now grown into a serious venture for young farmer Muhammad Nazirullah Mohamad Nazlan, who is betting on locally grown red onions as Malaysia looks to reduce its reliance on imports. The 32-year-old agropreneur from Negeri Sembilan had spent […]

YB Gobind Singh Deo Highlights AI’s Role In Empowering SMEs And Women Entrepreneurs

KUALA LUMPUR, May 23 — Digital Minister Gobind Singh Deo held a meeting with the Malaysia-China Chamber of Commerce (MCCC) to discuss efforts to strengthen cooperation in trade, investment and digital transformation between Malaysia and China. Gobind said MCCC continues to play an important role in fostering interaction, collaboration and commercial development between the two countries while safeguarding the interests of its members. During the discussion, both parties exchanged views on how artificial intelligence (AI) can help small and medium enterprises (SMEs) improve productivity, innovation and competitiveness. The meeting also focused on practical AI support for women-led businesses, as well as government initiatives and policy directions related to AI adoption and digital transformation. Gobind stressed the importance of strengthening public-private collaboration to ensure businesses are better prepared to embrace emerging technologies and future economic opportunities. He added that discussions also explored potential future collaborations aimed at supporting more inclusive growth, particularly for women entrepreneurs participating in Malaysia’s digital economy. Gobind expressed optimism that stronger partnerships between stakeholders would help empower more businesses, especially women-led enterprises, to grow and thrive in an AI-driven future. -- MINUTESMY -- SOURCE: FB: GOBIND SINGH DEO

KUALA LUMPUR, May 23 — Digital Minister Gobind Singh Deo held a meeting with the Malaysia-China Chamber of Commerce (MCCC) to discuss efforts to strengthen cooperation in trade, investment and digital transformation between Malaysia and China. Gobind said MCCC continues to play an important role in fostering interaction, collaboration and commercial development between the two […]

KUSKOP Stepping Up Efforts To Empower Hawkers, Petty Traders – Sim

GEORGE TOWN, May 14 — The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) is intensifying efforts to help petty traders and hawkers improve their business management capabilities so that they can benefit from the various policies and financing facilities provided. Entrepreneur and Cooperatives Development Minister Steven Sim said the effort was being implemented through agencies […]