17/12/2025

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BIZ & FINANCE WEDNESDAY | DEC 17, 2025

Malaysian firms shine at Automechanika Shanghai industry associations in Shanghai.

Bursa launches enhanced format for sustainability reporting KUALA LUMPUR: Bursa Malaysia Bhd introduced an enhanced prescribed format for sustainability disclosures through its Centralised Sustainability Intelligence (CSI) Platform effective Monday, as part of its efforts to strengthen alignment with international disclosure standards. The CSI Platform, the Exchange’s designated platform for sustainability reporting, enables listed issuers to streamline sustainability reporting in accordance with global standards, supporting Malaysia’s transition to a low-carbon economy. Under the revised Main Market Listing Requirements (MAIN LR) and ACE Market Listing Requirements (ACE LR) (collectively, “Listing Requirements”), amended on Dec 23, 2024 to reflect the National Sustainability Reporting Framework (NSRF), companies on the MAIN and ACE Markets are mandated to adopt the IFRS Sustainability Disclosure Standards through the CSI Platform. Access to the mandatory reporting format will be provided at no cost. The prior ESG Reporting Platform has been decommissioned and the CSI Platform will serve as the official channel conforming to the Exchange’s prescribed format. Listed issuers on the MAIN Market and ACE Market must access the CSI Platform to generate the prescribed format that entails a summary of data for the metrics and targets, which must then be disclosed in their respective Sustainability Statement, without any tampering.

resilience amid ongoing industry shifts. In 2024, Malaysia’s global exports of automotive products were valued at RM10.37 billion, marking a positive growth of 2.3% compared to the previous year. Major exported products were motor vehicles parts, bumpers and parts for motor vehicles, body parts for motor vehicles, motor vehicles with both spark plugs and electric motors (capable of charging), as well as steering wheels, columns, and boxes for motor vehicles. Malaysia’s major export markets for automotive products in 2024 were Singapore (RM2.22 billion), Thailand (RM1.77 billion), Australia (RM897.73 million), Taiwan (RM588.25 million) and Indonesia (RM533.15 million). During the year, China ranked 11th as Malaysia’s major exports destination for automotive products valued at RM242.38 million, comprising motor vehicle parts, shock absorbers, body parts, transmission parts, as well as bumpers and their parts. Moving forward, Matrade said, that in order to remain resilient amid rapid developments in New Energy Vehicle technology, Malaysian companies must focus on building future-ready capabilities. “This means urgently upskilling the workforce, modernising technology and equipment and adopting the latest green mobility standards. By prioritising these enhancements, Malaysia’s automotive sector can innovate quickly and ensure its strong, sustained position in the global supply chain,” it added. entrusted by Maya Jaya to undertake these projects through our strategic partnership with Solarvest. These awards mark an important milestone for Binastra as they represent our second solar project win to date, and accelerating our progress toward expanding our portfolio with a stronger pipeline of green projects. We appreciate the confidence our client places in our ability to deliver large-scale, technologically advanced green energy solutions. We look forward to support Maya Jaya in realising these projects and contributing meaningfully to Malaysia’s transition towards a

o RM163.5m export sales secured amid strong global buyer interest KUALA LUMPUR: The participation of Malaysian companies at Automechanika Shanghai 2025, one of the world’s leading international trade fairs for the automotive aftermarket industry, secured total export sales of RM163.5 million over the four-day event. The outcome underscores the growing competitiveness and quality assurance of Malaysian-made products and services related to the automotive sector, particularly in the rapidly evolving Asian markets. The Malaysia External Trade Development Corporation (Matrade) coordinated Malaysia’s fourth participation at Automechanika Shanghai, bringing together 10 Malaysian companies to showcase their capabilities under the Malaysia Pavilion at the National Exhibition and Convention Centre, Shanghai, China, from Nov 26 to 29. To seize opportunities, the exhibition provided an effective platform for Malaysian companies to connect with potential buyers, mainly from China, via pre-arranged business to-business meetings and pitching sessions. In addition, a networking session was held to further strengthen the business collaboration between Malaysian companies and related

Matrade said the Malaysian products and services continued to attract strong interest among buyers from China, the Middle East, Asean and European countries particularly for automotive and industrial machinery specialised lubricant formulations, auto parts and components such as suspensions, filters and brake pads, premium car care products, security and safety solutions and mobility support systems. “It also reflects the confidence placed in Malaysian Original Equipment Manufacturers (OEMs) complying with stringent international standards,” Matrade added. According to IHS Markit, the global demand for the OEM component market (parts and systems supplied for new vehicle production) is estimated at US$40 billion (RM164 billion) in 2024, fuelled by the production volume of new vehicles. The sector is projected to grow at a CAGR of 4.2% over the next decade. Concurrently, the demand for the automotive aftermarket (replacement parts, services, and accessories) is estimated at US$460 billion globally in 2024, expected to record a stable CAGR of 3.6% during 2025 to 2032 forecast period and is driven by growing, ageing global vehicle fleet that requires more frequent maintenance, repair, and customisation, with a strong trend toward e-commerce sales. By strategically focusing on high-quality aftermarket segments, Malaysia is positioning its automotive sector for sustained growth and

Maya Jaya names Binastra-Solarvest consortium for LSS5 projects KUALA LUMPUR: Maya Jaya Sdn Bhd has awarded three Letters of Award (LOA) for the development of solar photovoltaic plants and interconnection facilities to Binastra Atlantic Sdn Bhd, a consortium between Binastra Green Energy Sdn Bhd (BGESB) (a wholly owned subsidiary of Binastra Corporation Bhd and Atlantic Blue Sdn Bhd (ABSB) (a wholly owned subsidiary of Solarvest Holdings Bhd). The projects comprise Engineering, programme (LSS5), with a combined project value of RM171.7 million. The three projects are located across two sites, namely one in Kuala Langat, Selangor and two in Sungai Lalang, Kedah. Binastra Atlantic has been established as a special purpose vehicle (SPV), BGESB holds a 51% equity interest, while ABSB holds the remaining 49%. Under the collaboration, Binastra will oversee project funding and provide strategic oversight, while Solarvest will lead the technical execution of the projects. low-carbon and resilient energy future.” Meanwhile, Solarvest executive director and group CEO Datuk Davis Chong Chun Shiong said, “We are pleased to partner with Binastra in this strategic collaboration, combining our complementary strengths to accelerate Malaysia’s clean energy transition. This partnership underscores our commitment to advancing sustainable energy solutions while delivering tangible value to our stakeholders. The projects represents another key milestone for Solarvest, as the group continues to strengthen its order book, which now stands at RM1.7 billion.” Procurement, Construction, and Commissioning (EPCC) of solar facilities with a total capacity of 56.5MWac under Malaysia’s 5th Large Scale Solar Binastra managing director Datuk Jackson Tan Kak Seng said, “We are honoured to be

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