22/05/2026

BIZ & FINANCE FRIDAY | MAY 22, 2026

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Besi APac joins DHL Express GoGreen Plus to cut carbon emissions via SAF PETALING JAYA: Besi APac Sdn Bhd., the Malaysian unit of leading semiconductor assembly equipment manufacturer BE Semiconductor Industries NV, has signed an agreement to join DHL Express’ GoGreen Plus Programme to reduce emissions from its time-definite international shipments through investment in sustainable aviation fuel (SAF). The collaboration is expected to represent an approximate decrease of more than 400 tonnes in well-to-wheel carbon dioxide equivalents. “Besi is firmly committed to the energy transition and recognises its role in reducing operational emissions through responsible business practices,” said Henk Jan Jonge Poerink, managing director of Besi APac and senior vice-president of global operations at Besi NV. “Our sustainability approach extends to our supply chain activities as we work to integrate environmental considerations into our procurement processes. We see SAF as one of several measures that can help reduce aviation-related emissions and look forward to supporting the scaling of renewable alternatives.” Launched in 2023, GoGreen Plus allows customers to leverage SAF to lower their indirect Scope 3 emissions in their value chain arising from upstream and downstream transportation and distribution. Made from sustainable feedstocks, such as used cooking oil and other residues, SAF can reduce lifecycle greenhouse gas emissions by around 80% compared to conventional jet fuel. GoGreen Plus is enabled by the “book and claim” approach, where DHL can directly replace fossil fuels with sustainable fuels within its network and attribute the associated lifecycle emission reductions to customers like Besi APac, even when their shipments are not physically transported with the assets using these fuels. Besi APac’s subscription to GoGreen Plus applies across its overseas trade lanes, encompassing key markets in Asia Pacific, Europe, Americas and Middle East. The initiative builds on the company’s 2025-2029 strategic plan, which features minimising its environmental footprint as a key objective. “DHL is dedicated to expanding the availability of emissions-reduced logistics solutions, and partnerships like this demonstrate how that ambition is being put into action. Having Besi APac leveraging GoGreen Plus reflects the growing push from forward-looking organisations in long-term emission reduction goals. As we help expand the accessibility of SAF, we will continue championing the technology as a key pathway for making cleaner, low-emission air transport a reality,” said DHL Express Malaysia vice-president of commercial Alex Lee.

Duopharma Biotech: FY2025 a year of strong performance Kerjaya Prospek’s Q1 Patami increases 24.5% year-on-year PETALING JAYA: Construction outfit Kerjaya Prospek Group Bhd announced that its profit after tax and minority interest (Patami) for the first quarter of the financial year ending Dec 31, 2026 (Q1’26) rose 24.5% year-on-year to RM57.3 million, on the back of revenue of RM446.8 million. The construction segment contributed RM378.4 million in revenue, while the property development segment revenue recorded a 38.5% increase to RM68 million, mainly driven by sales recognition from The Vue @ Monterez and Papyrus @ North Kiara. Kerjaya declared a first interim single-tier dividend of 3.5 sen per share in respect of FY2026, amounting to RM44 million. The dividend represents a payout ratio of 76.8% of the group’s Patami and will be payable on June 30. The trailing 12 months dividend per share implies a yield of 6.3%, based on the current share price of RM2.07. CEO and executive director Tee Eng Tiong said, “We are encouraged by the group’s steady start to 2026, supported by the resilience of our business fundamentals amid market volatility. Earlier this month, we successfully handed over The Vue @ Monterez, marking another key milestone for our property development segment.” Moving forward, he added, they remain dedicated to curate a quality development pipeline across Klang Valley and Penang to enhance their long-term growth prospects. At the same time, they remain committed to achieve their RM2 billion new contract wins target for 2026, of which they have already secured more than half within the first few months of the year. “Backed by our strong net cash position of RM352.1 million and a robust outstanding order book worth RM4.4 billion, we are confident in our ability to continue delivering good returns to our shareholders,” said Tee.

PETALING JAYA: Duopharma Biotech Bhd held its 25th annual general meeting yesterday, capping a successful financial ended Dec 31, 2025 (FY2025) that saw the company growing its revenue by 14.5% to RM931.69 million, from RM813.70 million in FY2024. The sustained double-digit growth was primarily driven by resilient demand from both the public and private sectors across all business segments, com plemented by a one-off surge in insulin supply. Profit before tax (PBT) saw markedly strong growth, rising 43.6% year-on-year, and breaching RM100 million for the first time to

Malaysia Airlines also introduced additional flights and subsidised fares across selected East Malaysia routes, including Sabah, to support greater travel accessibility and reconnect communities during the celebration period. An annual initiative by Malaysia Airlines, TES continues to strengthen collaboration between international stakeholders and local tourism players while driving conversations around aviation growth, regional connectivity and destination marketing. We can see the government’s attention through major national policies such as the 13th Malaysia Plan that encourages domestic manufacturing and greater self reliance in pharmaceutical supply chains, as well as the New Industrial Master Plan 2030 that earmarks the pharmaceutical sector as a key growth segment, aiming to enhance the manu facturing of biologics, generics and active pharmaceutical ingredients, as well as the production of halal medicines. At Duopharma Biotech, we will continue expanding our portfolio via new products de veloped in-house and part nerships with innovative tech nology players.” needs and enhanced manu facturing capacity. Guided by the pillars of our ESG Strategy, including sustainable supply chain and access to medicine, our offerings target to meet growing domestic needs, such as the many Malaysians living with diabetes, hypertension and high cholesterol highlighted in the recently published National Health and Morbidity Survey 2025.” Duopharma Biotech Group CEO Wan Amir-Jeffery Wan Abdul Majid remarked, “2025 was a strong year of business performance where Duopharma Biotech continued to ensure a reliable supply of medicines in-country, as well as in our international markets. This was supported by having robust domestic manufacturing capacity in pharmaceuticals which is critical in safeguarding medicine supply in Malaysia.

o Company continued to ensure reliable supply of medicines in Malaysia and its international markets, supported by robust domestic manufacturing capacity in pharmaceuticals

directors announced a second interim dividend of 3.05 sen per share (FY2024: 2 sen), adding to the first interim dividend of 1.5 sen (FY2024: 1 sen) per share, bringing the total dividend for FY2025 to 4.55 sen (FY2024: 3 sen) per share. The total dividend payout of RM43.77 million (FY2024: RM28.86 million), comprising about 50% of the total profit after tax, was 51.7% higher year-on-year, demonstrating the company’s commitment to attractive share holder returns. Duopharma Biotech chairman Datin Paduka Kartini Abdul Manaf commented: “As a Malaysian pharmaceutical leader and government-linked corporation, Duopharma Biotech is proud to play our role in ensuring Malaysia’s healthcare ecosystem remains resilient amidst global uncer tainties, supporting national priorities by ensuring reliable access to high quality, locally manufactured medicines for everyone. “We aim to provide smarter solutions for a healthier life, via a broader product portfolio, Halal offerings that meet consumer

hit RM114.91 million. In addition to higher revenue, the per formance was mainly due to continued favourable API costs, positive foreign exchange move ments and improved operational efficiency. Consequently, the board of

From left: Duopharma Biotech chief financial officer Rohayu Rosnani Mohd Adanan, Wan Amir-Jeffery and chief commercial officer Noor Aida Jaafar at the company’s 25th annual general meeting.

Malaysia Airlines brings country’s largest airline trade summit to Sabah PETALING JAYA: Malaysia Airlines, in collaboration with Sabah Tourism Board, hosted the third edition of its flagship Trade Elevation Summit (TES) from May 12 to 15 in Kota Kinabalu, Sabah. Aresandiran said, “We are grateful to Sabah Tourism Board for their strong collaboration in bringing this year’s Trade Elevation Summit to Kota Kinabalu – a destination renowned for its breathtaking islands, rich cultural heritage and warm hospitality. to driving tourism growth and enhancing connectivity across Malaysia and beyond as we continue to champion Malaysia’s tourism offerings to the world during Visit Malaysia 2026 and beyond.”

Building on the success of its inaugural edition in Kuala Lumpur and the subsequent gathering in Langkawi last year, TES 2026 welcomed more than 300 delegates, including trade partners, tourism stakeholders, key decision-makers, and top leadership from 60 cities globally, creating an exceptional platform for collaboration, innovation, and strategic dialogue. MAG airline business chief commercial officer, Dersenish

Malaysia Airlines currently operates extensive connectivity into Sabah through Kuala Lumpur, supporting both domestic and international tourism flows into the state. In conjunction with the upcoming Kaamatan and Gawai festive season,

As Malaysia’s largest airline trade event, TES 2026 brought together key industry stakeholders from across the global travel and aviation ecosystem, reinforcing Malaysia’s position as a preferred tourism and connectivity hub during Visit Malaysia 2026 (VM2026).

“Hosting TES 2026 here allowed us to showcase the very best of Sabah while strengthening meaningful partnerships with our global trade partners. As the national carrier, Malaysia Airlines remains committed