12/09/2025

BIZ & FINANCE FRIDAY | SEPT 12, 2025

15

MDV eyes RM300m energy push by 2025

EPMSSB, Velesto ink deal for marine support services KUALA TERENGGANU: Epic Bhd’s subsidiary Eastern Pacific Marine Services Sdn Bhd (EPMSSB) has signed a Master Service Agreement (MSA) with Velesto Energy Bhd’s (Velesto) unit Velesto Drilling Sdn Bhd for the supply of marine support services. Epic group CEO Dr Muhtar Suhaili said the MSA, signed during the recent Oil and Gas Asia (OGA) 2025 exhibition, encompasses vessel mooring, temporary layup and port facilities, alongside marine support services at the Kemaman Port. “Through the MSA, EPMSSB and Velesto will create a framework that will be the basis to ongoing collaboration in supporting offshore operations and related activities at Kemaman Port. “This partnership reflects confidence in the company’s capabilities and commitment to meeting industry needs by delivering efficient and reliable marine and port services,” he said in a statement yesterday. Mukhtar noted that the MSA not only sets a clear framework for offshore support cooperation but also strengthens Kemaman Port’s position as a key hub in the oil and gas (O&G) sector. At the signing ceremony, EPMSSB was represented by its general manager of Port Management and Marine Services Captain Mohd Kamarul Mamat, while Velesto was represented by its senior vice-president of Drilling Business, Abdul Hadi Abdul Bari. According to Muhtar, the group is looking forward to working closely with Velesto to ensure service delivery that is aligned with industry benchmarks and standards. He said with the MSA and other ongoing contracts, EPMSSB is on the right track to strengthen its role in driving the O&G, and maritime industries, while supporting the sustainable growth of the regional energy sector. – Bernama

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV), a unit of the Minister of Finance (Incorporated) [MoF Inc] and an agency under the purview of the Ministry of Science, Technology and Innovation (Mosti), is targeting total approvals of RM300 million in financing for energy transition projects under the National Energy Transition Facility (NETF) by the end of 2025. This target includes an estimation of RM70 million in targeted incentives aimed at enhancing the overall bankability of projects through mechanisms such as rebates and credit enhancements, based on MDV’s assessment. The identified projects fall under transition levers such as renewable energy (RE), energy efficiency (EE), biogas/biomass, and green mobility, all of which are central to Malaysia’s decarbonisation agenda. Introduced under Budget 2025 by the MoF, the NETF forms a key component of the National Energy Transition Roadmap (NETR). MDV has been appointed as one of the implementing agencies under this initiative, with a mandate to manage up to RM200 million in NETF funding, to provide incentives that strengthen project viability and accelerate Malaysia’s effort towards achieving a sustainable and inclusive energy system. MDV CEO Rizal Fauzi said, “The RM200 million allocation under the

potential for revenue generation. MDV will prioritise high-impact initiatives demonstrating tech innovation, commercial viability, and scalability, ensuring alignment with Malaysia’s net-zero ambitions. Rizal said: “MDV’s role under the NETF is to ensure that financial support translates into tangible progress across Malaysia’s evolving energy transition landscape. By leveraging our expertise and working closely with stakeholders, we aim to deliver meaningful impact in advancing the nation’s energy transition agenda.” “We encourage eligible firms with qualifying energy transition projects to take full advantage of this initiative to scale up their operations and bring their projects to commercial realisation,” he added. To date, MDV has extended financing amounting to RM2.13 billion to support the growth and development of Malaysia’s green tech sector.

o MoF Inc unit to drive low-carbon adoption through incentives and financing under the NETF

depending on the financing amount per project. To date, MDV has approved RM122.65 million in financing, which includes RM40.09 million in targeted incentives for six technology-based companies. MDV’s NETF programme is open to all Malaysian tech firms undertaking projects aligned with the six Energy Transition Levers, including emerging or nascent sectors such as hydrogen and carbon capture, utilisation and storage. Eligible applicants must be Malaysian-registered companies with at least 51% local ownership and implementing projects in Malaysia. These projects must be at least at the pre-commercialisation stage, supported by a proof of concept or working prototype, and demonstrate

from RM0.64 to RM0.62 post distribution, sharing the same ex date of Aug 29, 2025 and reinvestment date of Sept 2, 2025. PMB Investment CEO Hang Tuah Amin Tajudin stated, “These distributions reflect our disciplined investment approach and strong fund performance. The PMB Shariah Premier Fund has delivered a three-year cumulative return of 37.57%, or 12.52% average annually as of Aug 31, 2025, with today’s 5.26% yield. Our PMB Shariah Equity Fund achieved 62.29% cumulative returns (20.76% average annually) with a 3.37% yield. We remain optimistic about Shariah-compliant investment opportunities and our research capabilities to deliver sustained NETF enables MDV to support between RM500 million and RM700 million worth of financing related to projects aligned with the NETF. This multiplier effect enhances our ability to drive green technology development and accelerate energy transition efforts in Malaysia. MDV has been supporting the green technology sector with dedicated financing solutions since 2010, and we remain focused on deploying funds efficiently to bridge financing gaps for green technology players and high-potential energy transition projects and accelerating Malaysia’s clean energy transformation.” Through this initiative, MDV is looking to support between 20 and 30 eligible companies or projects over a two-year period (2025-2026),

PMB declares RM11m distributions across two Shariah funds KUALA LUMPUR: PMB Shariah Premier Fund and PMB Shariah Equity Fund have declared annual distributions of 2 sen per unit for the financial year ended Aug 31, 2025 and Aug 30, 2025. value for our unitholders.” Launched in 1972, PMB Shariah Premier Fund is PMB Investment’s 12th fund and aims to achieve capital growth over the medium to long term by investing in any of the 50 largest Shariah-compliant Islamic money market instruments, Islamic deposit placements, sukuk, and other Shariah-compliant permitted investments.

“These distributions show that investors don’t have to choose between their values and returns. Our Shariah funds prove you can stay true to Islamic principles while building real wealth. The total RM11.26 million in distributions reflects fit portfolio management and careful selection of Shariah compliant investments throughout the financial year. Both funds maintained strict adherence to Islamic investment principles while delivering competitive returns to unitholders,” said PMB Investment chairman Datuk Mohd Idzwan Izuddin Ab Rahman.

In making the annnouncement yesterday, PMB Investment Bhd said that PMB Shariah Premier Fund achieved an impressive 5.26% yield with a total gross distribution of RM4.85 million. The fund’s Net Asset Value (NAV) will adjust from RM0.40 to RM0.38 following the distribution, with the ex-date on Aug 29, 2025 and the reinvestment date on Sept 2, 2025. The PMB Shariah Equity Fund delivered a 3.37% yield with a total gross distribution of RM6.41 million. The fund’s NAV will move

stocks by market capitalisation (at the time of purchase) listed on the Bursa Malaysia. Meanwhile, PMB Shariah Equity Fund was launched in 1995, specifically for TNB employees, before being opened to the public in 2022. Under normal circumstances, both funds allocate between 70% and 99.5% respectively, of their NAV to Shariah-compliant equities and equity-related securities. The remaining portion is invested in

Education matters remain an important component of Malaysian society. Today the landscape is fast paced with new exciting developments in technology such as AI, coding, virtual reality, and cybersecurity, leading the way for changes in curriculum development. To showcase the latest and most updated content, we invite you join us in 2025, and be part of our Education Focus!

Contact us now for special deals on digital, video and print advertising. 03-7784 6688 advertise@thesundaily.com

Malaysian Paper