26/07/2025

BIZ & FINANCE SATURDAY | JULY 26, 2025

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Malaysian Paper

/thesundaily /

Oxford Innotech posts RM19.5m revenue in Q1 PETALING JAYA: ACE Market-bound Oxford Innotech Bhd reported revenue of RM19.53 million for the first quarter ended March 31, 2025 (Q1’25) primarily driven by customers across key industries, including modular building systems, semiconductors, electrical and electronics, ergonomic furniture, industrial products and automotive sectors. Of this, RM6.52 million was contri buted by its precision engineering components segment, RM12.68 million from mechanical assembly solutions, and the remaining RM0.33 million from automation and robotics solutions. As this is the first interim financial report prepared in compliance with Bursa Malaysia Securities’ listing requirements, there are no com parative figures for the corresponding or preceding quarter. The Penang-based group achieved profit before tax of RM4.37 million and profit after tax of RM3.24 million for the quarter. About 96.4% of total revenue was generated from domestic operations in Malaysia, while the remaining 3.6% came from export sales. In line with its growth strategy, Oxford Innotech completed Phase 1 of its new factory development at Penang Science Park in May 2025, adding 39,392 square feet of production space to support growing demand. To enhance its production capacity, the group plans to com mence Phase 2, which involves con structing an additional facility with a planned production area of 67,722 square feet, by 2027. The expansion will support rising orders from clients in modular con struction, semiconductor, electronics, and electrical sectors. PETALING JAYA: Movenpick Hotel and Convention Centre KLIA in Sepang is positioning itself as a premier business hospitality hub amid rising demand for airport area meetings, incentives, con ferences and exhibitions (MICE) facilities. Movenpick KLIA is also emerging as a strategic hospitality partner for corporates, inter national event planners and cross border organisations as business travel rebounds and MICE activities gain renewed momentum in Southeast Asia. “We understand that today’s business travellers demand more than just proximity to the airport. They’re looking for an ecosystem that supports productivity, well being, and efficiency,” said Movenpick KLIA general manager Rudi Fajar. “Every detail, from our business friendly rooms to halal-certified dining and calming surroundings, is crafted to meet those evolving expectations.” As Sepang’s role grows as a connectivity hub for business traffic between Kuala Lumpur, Cyberjaya and Putrajaya, the demand for airport-proximate, full-service busi

MMAG acquires third freighter for US$25.9m

PETALING JAYA: MMAG Aviation Consortium Sdn Bhd (MAC), the aviation arm of MMAG Holdings Bhd (MMAG), announced that its Labuan-incorporated subsidiary, MMAG SkyAssets Ltd, has signed an aircraft sale agreement with GASL Ireland Leasing A-1 Ltd, a special purpose vehicle managed by Genesis Aircraft Services Ltd, for the acquisition of a Boeing 737-800BCF (Boeing Converted Freighter). The aircraft, currently leased to the group’s air freight business, MJets Air Sdn Bhd, will be acquired for US$25.9 million (RM109 million). This acquisition marks MAC’s third freighter under ownership, complementing the group’s existing fleet of four leased aircraft and bringing MMAG’s total operating fleet to seven. Two earlier aircraft acquisitions from JPA No.161 Co Ltd were signed in December 2024 and January 2025, signalling MMAG’s phased transition towards greater asset control and internalisation of key fleet infrastructure. MMAG foresees that Malaysia’s o Boeing 737-800BCF complements four leased and two aircraft purchased earlier, bringing fleet to seven

A Boeing 737 freighter belonging to MJets Air, the air freight arm of MMAG Group.

ended March 31, 2025, the aviation segment recorded a profit before tax (PBT) of RM25.64 million, reversing losses in pre-ceding quarters. At the group level, MMAG returned to profitability with a cumulative PBT of RM33.19 million, driven by increased revenue across its mobile and fulfilment segments, stronger aviation performance, and the onboarding of strategic new contracts. “This acquisition reflects more than just another aircraft in our fleet – it represents our strategic intent to evolve into a fully empowered aviation operator,” MAC chairman Woo Kam Weng said. Subject to shareholders’ ap

aviation and logistics outlook will continue to strengthen. According to the Finance Ministry’s Economic Outlook 2025, Malaysia’s gross domestic product is expected to grow 4.5% to 5.5% this year, driven by rising global trade and private sector expansion. National air cargo throughput surpassed 1.02 million tonnes in 2024, with 4.96% growth expected this year. Meanwhile, the local e-com merce market, valued at RM36.03 billion in 2024, is projected to grow by 17.76%, fuelling sustained demand for regional air freight services.

phased instalments over a 14-month period, followed by a final settlement upon transfer of ownership. This staged approach ensures optimal cash flow management while securing long-term access to a valuable aviation asset. MMAG’s growing fleet, under its ownership, reflects a broader strategy to reduce dependency on third-party lessors, gain fleet deployment agility and strengthen financial resilience through asset ownership. The group’s aviation strategy is further anchored by MAC’s integrated platform, which includes airfreight (MJets Air), cargo terminal operations (XCT Aviation), on-demand ware housing solutions (SkyVault Cargo) and transhipment logistics (Oceanic Transhipment Hub). vention hall with a capacity of up to 2,000 guests. These venues are fully equipped with high-speed internet, advanced audio-visual systems, and flexible seating arrangements, making them ideal for regional conventions, product launches, networking galas, and aviation-related summits. A key advantage is the hotel’s dedicated convention centre, located adjacent to the main building, allowing for seamless coordination of large-scale events. On-site event planners and technical teams offer end-to-end support, while curated catering packages featuring globally inspired, halal-certified cuisine add an extra layer of customisation for corporate gatherings. The hotel’s 332 rooms and suites are tailored to meet the needs of today’s business travellers. Beyond amenities, Movenpick KLIA prides itself on a service culture rooted in Swiss precision and Malaysian hospitality. “We don’t just deliver convenience – we offer peace of mind,” said Rudi. “Whether it’s a high-stakes board meeting or a last-minute overnight layover, our team is committed to ensuring every guest’s stay is seam less and memorable.”

Amid this upward trend, MMAG is showing clear signs of financial recovery. For the six-month financial period Movenpick KLIA positions itself as premier business hospitality hub Oxford Innotech’s board remains optimistic about the group’s long term outlook. proval, the acquisition will be completed via a structured cash payment arrangement, allowing for

tural sensitivity and hospitality excellence makes it a compelling choice for modern corporate travel and event planning. The hotel’s location – just 10 minutes from Kuala Lumpur International Airport’s two terminals, KLIA1 and KLIA2 – offers unmatched convenience for time-sensitive business travellers navigating early departures, regional meetings or transit-related stays. Its proximity to key economic corridors – Cyberjaya, Putrajaya and the Greater Klang Valley – strengthens its appeal for conferences, roadshows and aviation-linked events. The hotel has hosted 30 to 40 major local and international events, in addition to numerous smaller meetings. By the end of the year, it aims to close 150 events, each with a minimum of 300 attendees. The property’s integrated facilities and airport convenience continue to position it as a preferred venue for MICE events among corporate clients, government delegations and global organisations. Catering to both local and international clientele, the hotel features over 24 flexible function spaces, including a grand con

Movenpick KLIA’s proximity to key economic corridors such as Cyberjaya, Putrajaya and the Greater Klang Valley strengthens its appeal for conferences, roadshows and aviation-linked events.

ness hotels is expected to rise. Rudi said Movenpick KLIA is well-positioned to capitalise on this demand, particularly in sectors such asaviation, logistics, fintech and regional government engage ment. The hotel is increasingly being chosen for cabin crew training

programmes, airline-linked events and international conferences re quiring fast airport access and secure, high-capacity venues. With increasing emphasis on environmental, social and gover nance-compliant travel and halal certified services, Movenpick KLIA’s combination of sustainability, cul