30/09/2025

BIZ & FINANCE TUESDAY | SEPT 30, 2025

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MAG forges landmark tie-up with global tech giants

Edelteq-Halo JV secures RM3.2m investment from MoF-owned venture capital firm PETALING JAYA: Edelteq Holdings Bhd has unveiled the establishment of Halovision System Sdn Bhd, a joint venture with Halo Technologies Sdn Bhd (HTSB), to develop and commercialise advanced Automated Optical Inspection systems for the global semi conductor industry. Kumpulan Modal Perdana Sdn Bhd (KMP), a tech-focused venture capital firm fully owned by the Minister of Finance Inc and under the purview of Ministry of Science, Technology and Innovation, will invest up to RM3.2 million in Halovision. The funds will accelerate the development of the Raptor series for substrate panel inspection and the i-Falke series for wafer level inspection. “This partnership is a strong vote of confidence in Halovision’s technology and vision,” said Edelteq CEO Chin Yong Keong. With KMP’s strategic backing, he added, they aim to accelerate product development and position Malaysia as a key contributor to the next wave of semiconductor innovation. “We are proud to support Halovision in its journey here in Malaysia as it advances towards delivering world-class semiconductor ins pection solutions,“ said KMP chief investment officer Lee Hui-Ni, adding that this investment underscores their deep commitment to nurturing homegrown innovation and strengthening Malaysia’s position in the global electronics and semiconductor value chain. “At Halovision, our mission is to push the boundaries of inspection technology to meet the evolving demands of the semiconductor industry,” said CEO John Moon. “With the combined strengths of Edelteq, HTSB and KMP, we are confident of bringing cutting-edge solutions like the Raptor and i Falke series to market and establishing Halovision as a trusted technology partner globally,” he added. The creation of Halovision and the investment from KMP underline Edelteq’s commitment to advancing semiconductor equipment capabilities and deepening Malaysia’s footprint in the global high-tech ecosystem. More than just capital deployment, the investment represents a strategic collaboration between a government owned venture capital fund and a publicly listed company to back a pioneering semiconductor Malaysian startup. The partnership is positioned to accelerate semiconductor industry advancement in line with Malaysia’s National Semiconductor Strategy by cultivating local talent and technological capability, promoting value chain upgradation, and strengthening Malaysia’s role as a pivotal enabler in the global semiconductor ecosystem.

partner – Shashank Sharma, Adobe senior director, digital experience (Southeast Asia and Korea), and Siddharth Khetrapal, director, professional services – Apac; Rohan Raghavan, Google industry head; Anson Tan, Skyscanner commercial director; and Michael Newcombe, Visa head of Airline Practice – Asia Pacific, Visa Consulting & Analytics. By uniting with these global technology leaders, Malaysia Airlines is setting the stage for a future where a flight is not merely booked, but experienced from the very first moment of planning, one that is personalised, intelligent, seamless, and rewarding across the airline’s website and mobile platforms. This collaboration forms the digital backbone that will propel Malaysia Airlines forward, creating digitally advanced ex periences that connect millions of travellers worldwide. With this first-of-its-kind collaboration in aviation, MAG is doing more than embracing innovation. By joining forces with four global technology leaders, the airline is unleashing data-driven creativity, setting new standards for digital excellence and showcasing how powerful partnerships can propel the future of travel.

o Malaysia Aviation Group brings together Adobe, Google, Skyscanner and Visa in world’s first such partnership

PETALING JAYA: Malaysia Aviation Group (MAG) has announced a landmark collaboration that reinforces its status as a global digital pioneer – becoming the first airline group in the world to unite four of the most influential names in e-commerce and technology: Adobe, Skyscanner, Google, and Visa. The partnership marks a pivotal milestone in MAG’s journey towards its ambition to be recognised among the world’s leading aviation groups. By uniting best-in-class expertise in metasearch, personalisation, digital engage ment and payments, the collaboration is set to redefine how travellers discover, engage with and book their journeys – delivering a seamless, data-driven and customer-centric travel experience. MAG Group chief digital and IT officer Clarence Lee said, “This is far more than a collaboration – it is a quantum leap in creating a truly frictionless online travel experience. By

partnering with global leaders such as Google, Skyscanner, Adobe and Visa, we are building the digital backbone that will make every MAG journey more seamless, personalised and rewarding for customers worldwide – transforming how they discover, interact with and book their travel.” MAG chief commercial officer of Airlines Dersenish Aresandiran said the partnership is not only about strengthening MAG’s digital edge, but also about transforming the entire customer journey – from inspiration to booking and beyond. By collaborating with these global leaders, he added, they are setting a new benchmark for how airlines engage with travellers, driving more personalised experiences, greater convenience, and new opportunities to reward their customers. A partnership ceremony was recently held during Matta Fair 2025, attended by Lee and Dersenish, alongside senior leaders from each

The collaboration is set to redefine how travellers discover, engage with and book their journeys.

ASNB declares RM896m income distribution for ASM 3 unitholders PETALING JAYA: Amanah Saham Nasional Bhd (ASNB), the wholly owned unit trust company of Permodalan Nasional Bhd (PNB), yesterday announced the total income distribution for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3) for the financial year ending Sept 30, 2025. Maybank 12-month fixed deposit return of 2.4% by 235 basis points for the financial year to date up to Sept 24, 2025. This strong result stands out amid a challenging domestic market, with the FBMKLCI still negative year-to-date. It added the fund’s performance is supported by continued asset diversification, with increased exposure to fixed income instruments that provide stability and consistent returns. Strategic allocation to global markets has further enhanced portfolio growth, capturing oppor tunities beyond domestic borders. Unitholders may resume transactions at myASNB portal ( www.myasnb.com.my ), or via myASNB mobile application, or at any ASNB branches or its agents nationwide starting tomorrow.

As part of ASNB’s long-term vision for Kita Generasi Labur to nurture a financially disciplined and future-ready generation, the ongoing Pandu Impianmu, Generasi Labur campaign encourages unitholders to invest for a chance to win their dream cars. With a minimum investment of RM500 in any ASNB fund, unitholders stand the chance to win exciting prizes, including the BMW i4 Gran Coupe (EV), BYD Atto 2 (EV), Ford Ranger XLT Plus, and many others.

Despite market volatility, ASM 3 remained resilient and delivered consistent returns, reinforcing its strength in uncertain conditions. ASNB said the income for ASM 3 is derived from realised gains, dividend income and other sources of income from both domestic and international investments. ASM 3 has delivered commendable gains for unitholders this financial year, reflecting the strength of PNB’s disciplined investment approach and long-term strategy.

The computation of the income distribution for ASM 3 is based on the average minimum monthly balance held throughout the fund’s financial year. The distribution declared by ASM 3 will be automatically re-invested as additional units into unitholders’ accounts on Oct 1. Transactions for ASM 3 at ASNB branches and agents, including all online channels and internet banking, have been suspended.

ASM 3 declared a total income distribution of RM896.01 million benefitting 717,446 unit holders who currently own 19.16 billion units. In a statement, ASNB said the income distribution of 4.75 sen per unit reflects the fund’s ability to maintain its dividend similar to the previous financial year, reinforcing investor confidence in its performance and stability. The fund also outperformed its benchmark