27/05/2025

BIZ & FINANCE TUESDAY | MAY 27, 2025

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Malaysian Paper

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Pecca Aviation forges tie-ups for Southeast Asia expansion

MBSB Q1 net profit increases to RM84.6m, gross financing steady KUALA LUMPUR: MBSB Bhd posted a higher net profit of RM84.67 million in the first quarter ended March 31, 2025 (Q1’25), an 8.1% increase from Q1’24’s RM78.34 million, supported by higher net funded income and lower impairment provisions. Revenue was 2.8% lower at RM868.02 million from RM893.45 million previously, the group said in a Bursa Malaysia filing yesterday. “The lower revenue is mainly due to lower profit income for loans, financing and advances. The impair ment allowance for the quarter was RM28.1 million, contributed by addi tional provisioning for retail port folios,” it said. In a separate statement, MBSB said total gross financing remained consistent at RM42.6 billion because the group had maintained a disciplined financing posture. Meanwhile, its current and savings account ratio improved to 9.26%, with a RM700 million increase in balances over the year, particularly from commercial and corporate clients. Group CEO Rafe Haneef said the integration with MIDF has opened up new capabilities and created oppor tunities to reach a broader customer base. MBSB’s priorities for the remainder of 2025 include enhancing small and medium enterprise propositions, expanding digital touchpoints, and improving customer experience. With transformation initiatives under way, the group remains focused on long term sustainability and building a more agile, customer-focused organisation, Rafe said. – Bernama Malaysian, Chinese law firms enhance cross-border services PETALING JAYA: In a move that reflects the expanding trade and investment relationship between China and Malaysia, ZHH & Robin LLP China and Mohamed Ridza & Co Malaysia (MRCO) recently signed a cooperation agreement to enhance cross-border legal capabilities. The agreement was formalised yesterday in Chongqing, China, marking a strategic partnership bet ween the two prominent law firms. The collaboration reinforces efforts to strengthen legal connectivity along the China–Malaysia business corridor, at a time when bilateral economic activity continues to deepen. ZHH and MRCO were represented by Eagle Yang and Mohamed Ridza Mohamed Abdulla, the managing partners of the respective firms. The collaboration under the LAWorld international legal alliance, reflects a shared commitment to providing seamless, high-quality legal services to clients operating across both jurisdictions,particularly in light of growing economic ties facilitated by the New International LandSea Trade Corridor. The collaboration includes joint initiatives on legal talent development, client service innovation and know ledge exchange.

space Sdn Bhd, via a MoU, will collaborate on cabin interior com ponents, and related aerospace products and services for commercial, government, and general aviation aircraft, expanding Pecca Aviation’s integrated service capabilities. Pecca Aviation and Galaxy Aerospace Sdn Bhd, via a general collaboration agreement, will engage in project-based aircraft cabin interiors and related services, enabling agile and tailored solutions to meet specific client requirements and enhance responsiveness to market trends.

These strategic collaborations aim to expand Pecca Aviation’s tech nological capabilities, accelerate innovation through regional part nerships, and invest in a future-ready talent pipelines to support long-term growth and innovation in aviation interiors and manufacturing. Pecca Group executive director Hugo Teoh Zi Yi said: “These key partnerships underscore our ambition to be at the forefront of innovative aviation cabin interior solutions, creating a more integrated and innovative Asean aviation ecosystem. By combining our manufacturing excellence with robust talent

o Signs five agreements to support long-term growth and expand technological, innovation capabilities in aircraft interior solutions

PETALING JAYA: Pecca Group Bhd, through wholly owned subsidiary Pecca Aviation Sdn Bhd, is expanding its capabilities across the aviation value chain in Southeast Asia through collaborations with key industry partners and a higher education institution. The initiatives, aimed at streng

Pecca Aviation and Singapore based Chemtron Pte Ltd, via an MoU, will establish a Centre of Excellence for Additive Manufacturing, focusing on carbon fibre composite technology and adoption of industrial 3D printing technology.

thening Pecca Aviation’s solution offerings in the aviation cabin interior ecosystem, were executed through five key agreements, comprising memorandums of understanding (MoU) and a general collaboration agreement, at the recently concluded 17th Langkawi International Mari time and Aerospace Exhibition. Bursa, BoardRoom to push adoption of CSI Solution To cultivate a skilled workforce, a critical need in the aviation sector, Pecca Aviation signed an MoU with Politeknik Banting Selangor, an entity under the Ministry of Higher Education, for the supply and development of skilled talent, creating job opportunities in cabin interior specialisations for aviation and non-aviation sectors. Pecca Aviation and ASL Aero To ensure a sustainable talent pipeline, Pecca Aviation signed an MoU with Dviation Training Centre Sdn Bhd to promote internships, industrial attachments, employment opportunities, joint research and publications, training programme development, skilled human re source development and colla borative projects for cabin interiors and related services. development and expanded service capabilities, which require strong collaboration between industry, academia, and specialised training centers, this powerful platform will unlock new opportunities, modernise production and enhance the Asean region’s aviation value chain and its competitiveness.”

PETALING JAYA: Bursa Malaysia Bhd in collaborating with BoardRoom Group, a provider of corporate and advisory services in the Asia-Pacific region, to encourage wider adoption of the Centralised Sustainability Intelligence (CSI) Solution among Malaysian public listed companies (PLC), with the goal of enhancing the quality of sustainability disclosures across the corporate sector. The CSI Solution was developed by Bursa Malaysia in support of Malaysia’s transition to a low-carbon economy. It enables companies, listed and non-listed, streamline sustainability reporting. Following its designation in March as the exchange’s official sustainability reporting channel, the CSI Solution’s disclosure module now

positioned to support clients in adopting the CSI Solution and producing impactful sustainability reports.” Since its launch in June 2024, around 180 PLC have onboarded onto the CSI platform. All companies, not just PLC but also mid-tier companies and small medium enterprises are encouraged to adopt the CSI Solution to strengthen their sustainability journey. By leveraging its comprehensive suite of services, including an emissions calculator, a supplier management module, and a range of com plementary value-added services delivered through a network of eco system partners, businesses can enhance their environmental per formance and drive long-term value.

blished presence and sustainability advisory expertise in the corporate advisory space, we hope to support more companies in navigating evolving disclosure requirements and enhancing the quality of their sustainability reporting with greater confidence,” said Fad’l. BoardRoom Group CEO, Angeline Aw said,“We are proud to partner with Bursa Malaysia, to scale the CSI Solution across the corporate sector. This collaboration builds on our strong and long-standing relationship with the exchange, underpinned by our shared commitment to strengthening corporate governance and regulatory readiness. With our deep experience in serving public listed companies and expertise in Sustainability Reporting and Advisory, BoardRoom is well

supports the International Sustain ability Standards Board IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate related Disclosures under the National Sustainability Reporting Framework. Bursa Malaysia CEO Datuk Fad’l Mohamed said: “Bursa Malaysia is committed to supporting Malaysian companies in their decarbonisation journey and lowering their climate impact. This commitment is reflected in our decision to make CSI reporting tools, aligned with IFRS S1 and S2, accessible at no charge to all public listed companies.” He added that their collaboration with BoardRoom will extend the CSI Solution’s reach. “Leveraging BoardRoom’s esta

Fad’l (centre), Bursa Malaysia Bursa Intelligence director Wong Chiun Chiek (left) and BoardRoom’s regional director of sustainability Chong Kok Wai formalising their collaboration to promote broader adoption of the Centralised Sustainability Intelligence Solution among Malaysian

public listed companies.