01/11/2025

BIZ & FINANCE SATURDAY | NOV 1, 2025

15

TOP SHOTS OF THE WEEK

PRIZED COATINGS ... Wasco Coatings Middle East QFZ LLC, a subsidiary of Malaysia’s Wasco Bhd, has been awarded the ‘Best AI Solution - Corporate’ prize at the Qatar Digital Business Awards 2025 in Doha organised by the Ministry of Communications and Information Technology of Qatar. Celebrating the win are (from left) Wasco Coatings Middle East QFZ vice president, technical Wayne Keith Buttimore; Wasco chief information officer Tee Tze Phei; and Wasco Coatings Middle East QFZ IT executive Nithin Bharathan and project engineer Jeppe Van Der Kamp.

NEW JOURNEY ... Capital A Bhd announced on Thursday that its restructuring has entered its final chapter and completion is targeted for December, after which it will apply for PN17 uplift by year-end. Directors from all Capital A entities, AirAsia X and AirAsia Aviation Group Ltd posing for a group photo after the announcement are, from left, Tan Sri Jamaludin Ibrahim, Datuk Seri Mohammed Shazalli Ramly, Datuk Abdul Mutalib Alias, Tan Sri Tony Fernandes, Brig-Gen (R) Datuk Fadzillah Abdullah, Datuk Fam Lee Ee, Datuk Kamarudin Meranun, Datuk Abdel Aziz @ Abdul Aziz Abu Bakar, Datuk Mohamed Khadar Merican, Senator Datuk Dr Ras Adiba Radzi and Chin Min Ming.

MDV FORUM ... Malaysia Debt Ventures Bhd (MDV), an agency under the purview of the Ministry of Science, Technology and Innovation (Mosti on Wednesday hosted the inaugural MDV NextWave under the theme ‘Driving Economic Transformation and Sustainability through Technology’. The forum held in Kuala Lumpur explored strategies to advance Malaysia’s transformation through technology, innovation and sustainability. From left: MDV CEO Rizal Fauzi and chairman Wong Chen; Mosti under-secretary, strategic technology and S&T applications Aidawati Misdar; and Malaysian Investment Development Authority deputy CEO of investment development Zalina Zainol at the launch of MDV NextWave 2025. SUPERIOR AWARD ... Superior Property

STRATEGIC RELOCATION ... Allianz Malaysia Bhd celebrated the grand opening of its new branch in George Town, Penang, on Thursday, strengthening the company’s footprint in the northern region. Located along Jalan Sultan Ahmad Shah, the new branch is a strategic relocation from its previous premises on China Street. At the opening of the new branch are Allianz Malaysia CEO Sean Wang (fifth, left); Allianz Life Insurance Malaysia Bhd CEO Charles Ong (far right) and Allianz Malaysia CFO Giulio Slavich (fourth, right) with senior management of Allianz Malaysia.

Development Sdn Bhd achieved a significant milestone this month as it was recognised as one of country’s distinguished developers at the 12th PropertyGuru Asia Awards Malaysia, held in partnership with iProperty. PropertyGuru Asia Awards 2025 celebrated excellence across 73 categories, highlighting the best in design, innovation and Superior Property Development vice presidents Chong Lim Jiunn and Chang Han How and COO Terry Lim Teck Lee, and a representative from PropertyGuru. sustainability within Malaysia’s property industry. From left:

INFRA FINANCING ... The Asian Infrastructure Investment Bank (AIIB) has signed cooperation agreements with Malayan Banking Bhd (Maybank), CIMB, AmBank and Bank Pembangunan Malaysia Bhd (BPMB) to jointly mobilise up to US$6 billion (RM28 billion) in financing for sustainable and technology-enabled infrastructure projects across the Asean region. At the signing of the following the 47th Asean Summit in Kuala Lumpur are (from left) BPMB managing director group corporate and investment banking Wee Yee Tat; CIMB, CEO, group wholesale banking Chu Kok Wei; Energy Transition and Water Transformation Ministry deputy secretary-general Mareena Mahpudz; AIIB chief investment officer, Public Sector (Region 1) and Financial Institutions and Funds (Global) Clients Kim-See Lim; Maybank deputy group CEO, global banking, Md Farid Kairi; and AmBank managing director, wholesale banking, Datuk Jamzidi Khalid.