23/08/2025

BIZ & FINANCE SATURDAY | AUG 23, 2025

15

TOP SHOTS

ROAD UPGRADE ... Works Minister Datuk Seri Alexander Nanta Linggi witnessing an exchange of documents between Public Works Department director-general Datuk Wira Roslan Ismail (left) and Citaglobal Bhd executive chairman and president Tan Sri Dr Mohamad Norza Zakaria on Thursday. Citaglobal’s wholly owned subsidiary, Citaglobal Land Sdn Bhd, accepted a letter of award for a contract worth RM168.88 million to upgrade part of Federal Road 3 following a competitive tender process, boosting the group’s order book to RM1.3 billion.

GREEN SUPPORT ... UOB Malaysia is supporting a RM3 billion Asean Green Medium Term Notes Programme (Asean Green MTN Programme) by FMM House Sdn Bhd. The bank acted as the principal adviser, lead arranger, lead manager and facility agent for the programme. Proceeds from Tranche 1, which carries a 15-year tenor and an issue size of up to RM630 million, will be used to develop FMM’s three green logistics hubs in Pulau Indah, Klang, Selangor. UOB Malaysia CEO Ng Wei Wei (left) exchanged documents with FMM House director Tan Sri Teo Chiang Hong at the signing ceremony on Thursday.

FUND ROLLOUT ... Manulife Investments and Bank of China (Malaysia) Bhd (BOCM) on Thursday announced that they are offering BOCM clients the Manulife Global Multi-Asset Diversified Income Fund which invests at least 85% of its net asset value into the Manulife Global Fund-Global Multi-Asset Diversified Income Fund. From left: BOCM general manager Koh Tak Ming, deputy CEO Yan Ye, Bank of China (Hong Kong) Personal Banking Product Department deputy general manager Shirley Leung, Manulife Investments head of retail wealth distribution and direct digital business for Asia Grace Ho, head of South Asia, wealth and asset management Asia Gianni Fiacco and Manulife Investments Malaysia CEO Jason Chong.

BRANCH RELOCATION ... Maybank Investment Bank (Maybank IB) has relocated its Ipoh branch to Pusat Perdagangan Canning II, offering improved access to retail support services and a dedicated space for investment teach-ins, analyst sessions and dealer training. Marking the occasion are (from left) Ipoh branch head of operations Kam Wai Kwan, Maybank IB deputy CEO Tengku Ariff Azhar Tengku Mohamed, CEO Michael Oh-Lau, Ipoh branch head Phoebe Tan, remisier services head Terence Ho and regional head for retail Naguib Hussin Abdul.

EXPANDED PARTNERSHIP ... Payments Network Malaysia Sdn Bhd (PayNet), Malaysia’s national payments network, and Ant International, a leading global digital payment, digitisation and financial technology provider, signed a memorandum of understanding to expand their partnership during MyFintech Week 2025 in Kuala Lumpur recently. The new pact prioritises four key focus areas - driving tourism through cross-border digital payments, strengthening fraud defences, developing talent and advancing sustainability. Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour (centre) witnessed the signing between PayNet group CEO Farhan Ahmad (left) and Ant International president Douglas Feagin.

SOLAR POWER PACT ... SD Guthrie Bhd and Gamuda Energy Sdn Bhd have entered into a collaboration agreement to develop, own and operate solar power assets (including energy storage systems) with an accumulated target capacity of 1.2GW. Their partnership marks a significant milestone in Malaysia’s renewable energy development space. At the signing of the agreement on Wednesday are (from left) SD Guthrie chief financial officer Renaka Ramachandran and group managing director Datuk Mohamad Helmy Othman Basha, Gamuda Bhd executive director Datuk Azmi Mat Nor and Gamuda Engineering executive director Faris Mohd Yusof.