21/03/2026

BIZ & FINANCE SATURDAY | MAR 21, 2026

15

TOP SHOTS OF THE WEEK

PARTNERS IN DEVELOPMENT ... JLand Group (JLG) and Eco World Development Group Bhd (EcoWorld), through its wholly owned subsidiary, have entered into three subscription and shareholders’ agreements to jointly undertake developments in Malaysia and Australia. The agreements establish a joint platform spanning three distinct but complementary developments: residential apartments in Macquarie Park, Sydney, Australia; mixed residential and commercial development in Johor Bahru; and industrial park within IBTEC South in Kulai, Johor. The three developments will be undertaken on a 50:50 joint-venture basis. From left: JLG chairman Datuk Syed Mohamed Syed Ibrahim and group managing director Datuk Akmal Ahmad; EcoWorld president and CEO Datuk Chang Khim Wah and executive chairman Tan Sri Liew Kee Sin.

SORT, DROP AND RECYCLE ... Tetra Pak, a global leader in food processing and packaging solutions, in collaboration with KPT Recycle Sdn Bhd and with support from the Urban Sustainability Division, Ministry of Housing and Local Government, on Wednesday announced the expansion of its Sort & Drop - Recycle the Cartons programme to all 27 AEON malls across Malaysia. The programme equips AEON malls with the infrastructure and digital systems for food and beverage tenants to recycle food and beverage cartons easily. It was officially launched by Housing and Local Government Minister Nga Kor Ming at AEON Mall Shah Alam, where Tetra Pak, KPT Recycle and AEON also signed a memorandum of understanding formalising their partnership. From left: KPT Recycle managing director Lee Chay Chen, Tetra Pak sustainability director Asean Terrynz Tan, KPT Recycle sustainability lead Bell Ong, Nga and AEON managing director Tsugutoshi Seko showing the new digital IoT-enabled, Sort & Drop - Recycle the Cartons kiosks integrated with the RE Connect app.

HERITAGE-CONCEPT SHOWROOM ... Sime Darby Beyond Auto, the authorised retail partner for BYD under Sime Motors, has unveiled BYD Mansion Macalister, a distinctive new electric mobility destination in Penang. Located along Jalan Macalister, the century-old building that now houses BYD Mansion Macalister previously served as a commercial landmark in the local community, housing businesses and offices. At the launch of the heritage-concept showroom are (from second left) BYD Sime Motors managing director Adeline Lew, BYD Malaysia deputy general manager Jacob Ma, Sime Motors managing director Andrew Basham and Sime Motors managing director of Southeast Asia Jeffrey Gan.

IPO UNDERWRITING DEAL ... Manforce Group Bhd, a provider of foreign workers’ management services, manual labour services and hostel management solutions, has signed an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. The IPO comprises a public issue of 99.98 million new ordinary shares and an offer for sale of 19.99 million existing shares. M&A Securities will underwrite 29.99 million shares allocated for the public and eligible persons. From left: Manforce Group finance director Chin Kok Weng and managing director Datuk Wong Boon Ming; M&A Equity Holdings Bhd managing director Datuk Bill Tan; and M&A Securities deputy head of corporate finance Danny Wong.

GREEN COLLABORATION ... DHL Express has signed an agreement with Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, for the use of DHL’s GoGreen Plus service. The partnership enables MAG to reduce the greenhouse gas emissions linked to its time-definite international shipments through investment in sustainable aviation fuel used within DHL’s air network. At the signing session held at the MAG Town Office, Citta Mall in Petaling Jaya are DHL Express Malaysia and Brunei managing director Julian Neo (left) and MAG group chief sustainability officer Philip See.

COMPLIMENTARY WAQF BENEFIT ... Sun Life Malaysia Takaful Bhd, a leading family takaful operator, on Tuesday launched MySinarKasih Sun Life. Through MySinarKasih, up to 10,000 eligible Muslim clients in the low-to middle-income segment will receive a RM8,000 complimentary waqf benefit, payable upon death within one year of certificate commencement and channelled to Yayasan Waqaf Malaysia (YWM). Clients may also choose Badal Hajj benefit of the same value, to be carried out by an authorised operator. Sun Life Malaysia Takaful CEO Azam Yusof (left) and YWM CEO Dr Ridzwan Bakar following a sharing session on the MySinarKasih Sun Life initiative.