20/01/2026

BIZ & FINANCE TUESDAY | JAN 20, 2026 Alliance Bank launches new HQ, its first owned building since inception KUALA LUMPUR: Alliance Bank Malaysia Bhd launched its new headquarters in Kuala Lumpur, marking the first time the bank has owned its headquarters building since its inception. The new building, known as Menara Alliance Bank, will bring 2,000 employees under one roof and support the bank’s operational needs and long-term growth strategy. CEO Kellee Kam said the launch of the new headquarters represents a new phase for the bank beyond the physical completion of a building. “Menara Alliance Bank is more than a new address and is a symbol of growth, resilience and a shared commitment to shaping the future of banking,” he said at the launching ceremony here yesterday. Kam said Menara Alliance Bank was designed to support the bank’s Acceler8 2027 strategy and its aspiration to be the “Bank for Life” by strengthening collaboration and connectivity among its workforce. “It serves as a strategic hub that strengthens connectivity, fosters collaboration, and enables us to deliver innovative solutions and better experiences for our customers and our people,” he said. Acceler8 2027 is Alliance Bank’s five-year transformation and growth strategy launched in early 2023 to drive faster growth, improve efficiency, strengthen digital banking, small and medium enterprise (SME) and consumer business and build a people-centric organisation. Kam said the building also reflects the bank’s deep commitment to sustainability and responsible design and is on track to achieve Green Mark Gold and Leadership in Energy and Environmental Design certifications. He added that beyond structural excellence, the bank incorporates eco-conscious features such as carpets made from recycled plastic bottles, handwoven chairs crafted by Orang Asli and furnishings made from repurposed materials. Alliance Bank officially moved to Menara Alliance Bank, located along Jalan Ampang in Kuala Lumpur’s Golden Triangle, on Aug 1, 2025. The bank was previously located at Capital Square, Jalan Munshi Abdullah, Kuala Lumpur, with its last day of operations there on July 25, 2025. – Bernama 15

Teladan ventures beyond Malacca with Negeri project

o Company to develop Bukit Intan Commercial Centre in Seremban in milestone foray PETALING JAYA: Teladan Group Bhd, a property developer based in Malacca, yesterday launched Bukit Intan Commercial Centre, a freehold commercial development in Seremban, Negeri Sembilan. The project marks Teladan’s expansion into high-growth markets beyond its traditional stronghold in Malacca. The launch comes at a time when Negeri Sembilan is gaining momentum as one of Malaysia’s emerging economic growth centres, driven by the implementation of Malaysia Vision Valley 2.0 (MVV 2.0) and the Negeri Sembilan Development Plan 2045 (RPNS 2045). These long-term development frameworks have accelerated infrastructure upgrades, industrial expansion and investment inflows into the state, strengthening its position as a new economic hub while creating thousands of job opportunities across the manufacturing, logistics, technology, renewable energy and professional services sectors. Strategically located within an established and expanding catchment in Seremban, the commercial centre benefits from Seremban’s connectivity within the Greater Klang Valley, with seamless access via the North-South Expressway. Teladan said in a statement that the accessibility enhances the commercial centre’s appeal to investors and tenants from both Negeri Sembilan and the Klang Valley, positioning the development as a natural commercial conver gence point for the region. The newly launched commercial centre, it added, is envisioned as a dynamic commercial

Teladan managing director Richard Teo Lay Ban (seventh, left) and Ngu (six, right) with the team celebrating the launch. yesterday.

evolving commercial landscape. Negeri Sembilan’s growth, underpinned by MVV 2.0 and RPNS 2045, is translating into real investment inflows, job creation and rising demand for quality commercial spaces, which positions Seremban as a compelling growth market for us.” From a commercial perspective, he added, the centre has been carefully planned with a focus on layout efficiency, accessibility and long term commercial viability. “Our objective is to deliver a well organised commercial environment that supports businesses today while remaining adaptable to future needs. Over time, the development is expected to contribute to the continued maturation of Seremban as a vibrant urban and commercial centre,” Ngu said.

hub catering to a wide range of business uses, including retail, food and beverage, services, offices, and other commercial activities. It aims to meet the increasing demand for quality commercial spaces driven by Seremban’s expanding population and evolving urban landscape. Teladan said the centre reflects its broader growth strategy to diversify its landbank and revenue streams, while expanding its footprint into new and emerging growth corridors. CEO Allan Ngu said, “The launch of Bukit Intan Commercial Centre represents an important step for Teladan as we expand beyond Malacca for the first time. From layout efficiency to tenant mix considerations, the project has been carefully structured to support long-term operational resilience and adaptability in an

Foreign funds log second straight week of net inflows with RM716m KUALA LUMPUR: Foreign investors extended their net buying streak for a second consecutive week, recording net inflows of RM716.1 million, the largest since mid-May 2025 at RM1.68 billion and about 16.8 times higher than the previous week. It said the top three sectors that recorded net foreign inflows were financial services (RM365.9 million), industrial products and services (RM177.3 million), and plantation (RM90.1 million). a broad-based increase, led by local retailers (+14.0%), local institutions (+18.2%), and foreign investors (+18.7%).

Foreign investors across eight Asian markets reverted to net selling after the previous week of inflows, recording US$954.6 million in net foreign outflows, driven by an exceptionally large outflow from India, which, along with Vietnam, was the only two markets to see net foreign outflows. MBSB Investment added that inflows in the regional markets tracked were led by Taiwan, followed by South Korea, Indonesia, the Philippines, Thailand, and Malaysia. – Bernama

Meanwhile, the only three sectors that recorded net foreign outflows were construction (-RM54.3 million), healthcare (-RM52.9 million), and property (-RM29.3 million). MBSB Investment added that local institutions broke their eight-week streak of consecutive net buying, recording net outflows of RM588.2 million last week. The average daily trading volume (ADTV) saw

In its fund flow report for the week ended Jan 16, MBSB Investment Bank Bhd said, that foreign investors were net buyers on all five days, with the largest inflow recorded on Thursday at RM330.0 million, followed by Wednesday (RM172.0 million), Friday (RM115.5 million), Tuesday (RM69.5 million), and Monday (RM29.2 million).

WM Senibong expands landbank with 270-acre acquisition PETALING JAYA: WM Senibong Bhd has completed the acquisition of Kews Senibong Sdn Bhd and the landholdings of Senibong Golf Club from Walker Corporation Pty Ltd. According to CEO CK Quay, the acquisition secures one of the most sought-after remaining land parcels in Iskandar Puteri. commercial projects. To date, this strategy has delivered tangible results with Kews Senibong recording a steady annual sales growth of approximately 25% to 30%, driven primarily by local demand.

“The Kews landbank is exceptionally valuable, not only for its size and location, but for what it allows us to create,” said Quay. “Its proximity to established amenities, infra structure and growth corridors provides a strong foundation for an integrated development. This includes residential, commercial, lifestyle and community components, creating long-term value for both WM Senibong and Johor.” The acquisition marks a key milestone in Kews Senibong’s five-year development roadmap. The plan focuses on a balanced pro duct mix comprising 60% landed residential, 20% high-rise developments and 20%

The transaction cements WM Senibong’s position as a key developer and market leader in the Iskandar Malaysia growth corridor in Johor. The acquisition adds about 270 acres of prime mixed-use land in Iskandar Puteri, Johor, to the Group’s portfolio. The land comprises The Kews parcel and the Senibong Golf Club development lands, valued at RM400 million. Together, the site represents a significant landbank with an estimated gross develop ment value (GDV) of RM6 billion for the overall master plan.

Quay said that the acquisition will have a meaningful impact on the group’s financial performance. “From 2026 onwards, we expect this development to contribute a double-digit percentage growth in revenue and earnings. Beyond the numbers, it anchors WM Senibong’s strategic presence in Iskandar Puteri for the next decade and beyond.” The group said it remains committed to responsible master planning, sustainable urban growth and the delivery of well-integrated amenities that support the wider Iskandar region.

Walker Malaysia CEO George Nicholas Quinn (left) and Quay.