21062025

BIZ & FINANCE SATURDAY | JUNE 21, 2025

15

TOP SHOTS OF THE WEEK

PERLIS VENTURES ... Berjaya Land Bhd, a prominent Malaysian conglomerate under Berjaya Corporation Bhd, on Tuesday signed a memorandum of understanding with Impianan Utara Sdn Bhd to jointly explore and develop two major economic initiatives in Perlis – the mining of rare earth elements and other minerals, and the planting of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated Perlis (MBI Perlis), the state’s investment vehicle. Berjaya Land CEO Syed Ali Shahul Hameed (third left) and Impianan Utara executive director Datuk Syed Tajul Arif (third, right) exchanging the signed MoUs, witnessed by, from left, Berjaya Group founder and adviser Tan Sri Vincent Tan Chee Yioun, Perlis Menteri Besar Mohd Shukri Ramli, MBI Perlis acting CEO Ahmad Hishamudin and Impianan Utara COO Lukman Mohmood.

ENERGISING TIES ... Petroliam Nasional Bhd (Petronas) and Korea Gas Corporation (Kogas) signed a memorandum of understanding (MoU) on the sidelines of Energy Asia 2025 in Kuala Lumpur on Wednesday. The MoU is aimed at driving innovation and sustainability within the global energy sector. From left: Petronas vice-presidet of LNG trading Shamsairi M Ibrahim, Petronas executive vice-president and CEO of gas and maritime Datuk Adif Zulkifli and Kogas senior vice-president, hydrogen and new business unit Oh Kwon Taek.

SHARE SALE ... Flexidynamic Holdings Bhd, a solutions provider for the rubber glove manufacturing industry, has entered into two share sale agreements with HARPS Investment Asia Pte Ltd and separately with two minority shareholders for the acquisition of 100% equity interest in Formtech Engineering (M) Sdn Bhd, a glove former manufacturer based in Nilai, Negeri Sembilan. From left: HARPS Investment Asia director Veronica How Mei Yen; Flexidynamic Holdings deputy managing director Ben Sin; and FormTech Engineering managing director Dietmar Trumm and CFO Valluvan A. Peramuthu.

NEW ROUTES ... AirAsia Malaysia has announced two new direct routes from Kuala Lumpur to Palembang and Semarang, enhancing travel access between Malaysia and Indonesia with a total of 188 weekly flights now operating between the two countries. At a press conference held in Palembang on Tuesday to mark the new routes are, from third left, AirAsia head of commercial Liyana Mahizzan, South Sumatra Governor H Herman Deru, Malaysia’s head of chancery/consul in Medan Muhammad Amir Azam Mohd Hafiz and AirAsia Indonesia head of government relations Eddy Krismeidi Soemawilaga.

CABLES TIE-UP ... Master Tec Group Bhd, a premier player in the manufacture and distribution of power, control and instrumentation cables, has entered into a memorandum of understanding with Yangtze (Jiangsu) Marine Technology Co Ltd (YOFC Marine) to explore collaboration in high-specification and next-generation cable solutions for Malaysia’s growing power infrastructure market. At the signing held in Alor Gajah, Malacca, on Wednesday are, from left: YOFC Marine country representative Samuel Peh Cheng Chuah; Invest Melaka Bhd CEO Datuk Ginie Lim Siew Lin; YOFC Marine senior vice-president Jan Bongaerts and executive general manager Zhang Wei; Master Tec executive director and CEO Tee Kok Hwa; Tenaga Nasional Bhd head of retail Malacca Mariati Che Omar; and Master Tec managing director Datuk Lau Kim San and chief business development officer Mohammad Nazroel Mokhtar.

UPSTREAM PARTNERSHIP ... Petronas Carigali Sdn Bhd on Wednesday entered into a strategic partnership in upstream business with Beicip-Franlab and AFED Digital. They entered into a joint development agreement via TriCipta AI, a pioneering venture aimed at accelerating hydrocarbon discovery, reducing uncertainties, and maximising recovery sustainably across Petronas Carigali’s operations. At the signing of the agreement on the sidelines of Energy Asia 2025 in Kuala Lumpur on Wednesday are, from left, Petronas vice-president of exploration Ahmad Faisal Bakar, Beiciep-Franlab management board chairman Thierry Le Maux, Petronas Carigali CEO Hazli Sham Kassim, and AFED Digital CEO Mohammad Khazaidi Kamaruddin and executive director Afiq Hanafi Ramli.