31/05/2025

BIZ & FINANCE SATURDAY | MAY 31, 2025

15

TOP SHOTS OF THE WEEK

PERAK DEALS ... Perak State Development Corporation signed two memorandums of understanding during Asean Summit 2025 - one with the United Arab Emirates (UAE) to explore investments and another with infrastructure firm CHEC Construction (M) Sdn Bhd to develop the Bagan Datuk International Sea-Hub Multipurpose Terminal and set up a halal and artificial intelligence industrial hub. Picture shows Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi witnessing the exchange of documents between Perak Menteri Besar Datuk Seri Saarani Mohamad and UAE Minister of Investment Mohamed Hassan Alsuwaidi. cooperation in food security and strategic

SOLAR POWER DEAL ... Renewable energy specialist Samaiden Group Bhd subsidiary Samaiden Legasi Timur Sdn Bhd has entered into a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) for the development of a large-scale solar photovoltaic power plant in the state. From left are: PKINK group CEO Datuk Sr Zamri Ismail, PKINK deputy group CEO corporate affairs Ahmad Nazri Ismail, Kelantan Exco member for careers, infrastructure, water and rural development Datuk Dr Izani Husin, Samaiden Group managing director Datuk Chow Pui Hee and Samaiden Group project development director Makhzumi Ghazali.

PROSPECTUS LAUNCH ... ASM Automation Group Bhd on Thursday launched its prospectus in conjunction with its upcoming initial public offering for listing on the ACE Market of Bursa Malaysia Securities. From left are ASM Automation Group executive director Kamalam Kurup Krishnan, independent non-executive chairperson Tengku Faizwa Tengku Razif, executive director Leong Weng Khin and managing director Chan Kok Heng; M&A Equity Holdings Bhd managing director Datuk Bill Tan; M&A Securities Sdn Bhd head of corporate finance Gary Ting and deputy head of corporate finance Danny Wong; and Eco Asia Capital Advisory Sdn Bhd managing director Kelvin Khoo.

BEST IN MALAYSIA ... Affin Islamic Bank Bhd was recognised as the Best Bank for Islamic Wealth Management Solutions in Malaysia 2025 at the prestigious Cambridge Islamic Fund Awards 2025. From left: Affin Bank Bhd director, wealth investment Felicia Soo Wei Yeen; Affin Islamic Bank head of product development Zurina Ayu Samsuddin; Affin Islamic Bank CEO Datuk Paduka Syed Mashafuddin Syed Badarudin; Affin Bank head of wealth management Calvin Goon Cheng Yu; and Affin Islamic Bank head of syariah supervisory Mohd Faiz Rahim.

MANAGE AND RECYCLE ... Tex Cycle Technology (M) Bhd, a waste management and recycling solutions provider, through wholly owned subsidiary Tex Cycle (P2) Sdn. Bhd, on Wednesday entered into a strategic collaboration with Barium Selat Technologies Sdn Bhd, a subsidiary of Barium Selat Sdn Bhd, to jointly explore opportunities in the oil and gas industry and expand waste management capabilities. From left: Tex Cycle group chief financial officer Geraldine Hii, Tex Cycle group CEO Gary Dass, Barium Selat group chief investment officer Rozali Sidek and Barium Selat group COO Navinkumar Maruthamuthu.

PAYMENT SERVICES PACT ... UnionPay International and CIMB Bank Bhd on Monday entered into a memorandum of understanding to improve payment services in Malaysia. The strategic collaboration will enhance the payment experience for UnionPay cardholders. At the signing ceremony are, from left, CIMB Malaysia and CIMB Bank CEO Gurdip Singh Sidhu, CIMB head of consumer banking Malaysia Daniel Cheong, UnionPay International (SEA) managing director Jian Jiangtao, China UnionPay chairman Dong Junfeng and UnionPay International CEO Larry Wang.