06/02/2026

FRIDAY | FEB 6, 2026

15

BIZ & FINANCE

CGO and PeerHive introduce gold-backed financing solution

Maxis first M’sian telco to migrate mission-critical workloads to AWS Malaysia Region PETALING JAYA: Maxis Bhd has migrated its mission-critical workloads from Amazon Web Services’ (AWS) Singapore Region to AWS Malaysia Region, becoming the first Malaysian telecom munications provider to achieve this milestone. This includes 100% of its digital workloads, such as the Maxis and Hotlink apps that serve millions of customers. By hosting workloads locally, Maxis said it has reduced latency, resulting in faster response times and a smoother user experience. This move also drives operational efficiency and a more cost effective operating model by eliminating cross-region data traffic, enabling the company to focus on value creation. Maxis said it had leveraged its internal cloud engineering team to lead this transition. Chief information officer Ng May Ching said, “By bringing our mission critical workloads home, we are securing our data within Malaysia’s borders while improving efficiency to better serve our customers. This ensures our infra structure is resilient and future-ready to support the nation’s digital agenda.” Chief enterprise business officer, Prateek Pashine said that navigating local cloud migration for their own operations reinforces their ability to help Malaysian businesses achieve the same outcome. He added they are well-positioned to help customers address data sovereignty requirements while delivering the fast, reliable, and secure connectivity they need for responsive performance. “Telecommunications networks are the unseen infrastructure that keeps Malaysia’s digital economy running — powering millions of critical services every day,” said AWS Malaysia country manager, Hussein Mohd Ali. By building on the AWS Malaysia Region, he added, Maxis’ successful migration demonstrates what is achievable, and positions them to guide other Malaysian enterprises through their own cloud transformations.

PETALING JAYA: ComTech Gold (CGO), a digital gold platform offering tokenised ownership of physical gold, has partnered with financing provider PeerHive to introduce a gold-backed financing solution designed to help investors unlock liquidity without selling their gold holdings. The partnership addresses a common challenge faced by gold investors in Malaysia – choosing between holding gold as a long term store of value or liquidating it to meet short-term cash needs.

gram of 99.99% pure gold held in fully insured, regulated vaults, providing customers with trans parent, secure gold ownership. Through this partnership, token holders can pledge their CGO Tokens to obtain financing from PeerHive while the underlying gold remains safely stored and the customer retains beneficial entitle ment to the asset. Unlike conventional pawn or buyback arrangements, where ownership of gold is temporarily or permanently transferred, this financing structure allows investors to retain beneficial ownership of their gold throughout the financing period. “This partnership demonstrates how traditional secured lending can evolve to serve modern investors. We’re providing financing backed by physical gold collateral – a time tested asset class – while leveraging efficient ledger technology for collateral management. This is asset backed lending at its core, enhanced by operational infrastructure that benefits both lenders and borrowers,” Vincent Yeo. co-founder and CEO of PeerHive, said. The partnership operates under United Arab Emirates regulatory frameworks.

o Malaysian investors can now use their holdings of the precious metal as collateral while retaining beneficial ownership

This agreement helps streng thens the ability to meet growing regional demand for comprehensive MRO solutions while reinforcing operational reliability for airline customers. For MAB Engineering Services, it provides access to Boeing’s global fleet network, strengthens its influence as a trusted regional MRO provider, and solidifies its long-term positioning in the Asia Pacific aviation ecosystem. MAB Engineering Services has understanding, customers holding CGO Tokens – each backed 1:1 by physical 24-karat gold stored in regulated and insured vaults – will be able to pledge their tokens to obtain financing via PeerHive, without having to sell their gold. Gold has long been a trusted asset among Malaysians, valued for its role in wealth preservation and financial security. With rising interest in digital assets and alternative financing solutions, the partnership aims to modernise how gold can be utilised as a financial tool. “This partnership is about giving gold investors greater flexibility,” CGO founder Jignesh Ved said, adding that Malaysians have traditionally viewed gold as a safe asset, but accessing liquidity often meant selling it. “With this solution, investors can unlock value from their gold while continuing to benefit from long term price appreciation.” Each CGO Token represents one

In a statement, CGO said that through this new offering, Malaysian investors can now use their gold holdings as collateral to access financing, while retaining beneficial ownership of their gold. Under the memorandum of

Jignesh and Yeo at the signing of the MoU between ComTech Gold and PeerHive.

MAG arm, Boeing to strengthen MRO capabilities in Apac PETALING JAYA: MAB Engineering Services, the engineering arm of Malaysia Aviation Group (MAG), has signed a five-year partnership with Boeing at the Singapore Airshow 2026 to expand maintenance, repair and overhaul (MRO) capabilities across Asia-Pacific. quality support. This initiative will benefit Boeing operators across Asia-Pacific, where demand for comprehensive MRO services continues to grow. earned a reputation for technical excellence, safety, and reliability, enabling Malaysia Airlines and regional operators to fly with confidence.

By leveraging Boeing’s expertise and MAB Engineering’s proven track record, MAB Engineering aims to create long-term value for airlines, strengthen the regional aviation ecosystem, and reinforce Malaysia’s role as a centre of excellence in global aviation.

Mohd Nadziruddin Mohd Basri, CEO of Aviation Services (MAG), said, “This agreement is a testament to the confidence placed in our people, expertise, and standards, while advancing Malaysia’s ambition to be recognised globally as a hub for MRO solutions and aviation excellence.”

MAB Engineering Services will serve as a regional partner for potential future MRO work with Boeing and provide airlines with cost-efficient, reliable, and high

Education retains its importance in the Malaysian landscape for parents, students and stakeholders. The changes are fast paced with new developments in new fields of study such as cybersecurity, data protection, augmented and virtual reality, machine learning in education, digital education and artificial Intelligence. Leading the way are universities, who are invited to showcase their latest programmes, curriculum and content in our Education Focus for 2026.

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