21/08/2026

BIZ & FINANCE

FRIDAY | AUG 21, 2026

15

BIZ & FINANCE

GoRental, Green Tenaga to scale cleaner temporary power

Ryt Bank becomes Malaysia’s largest digital bank in just one year KUALA LUMPUR: Ryt Bank yesterday marked its first anniversary with more than 1.5 million customers, reached in 12 months. The bank was built on a simple conviction: that banking should work the way Malaysians actually live - at any hour, from anywhere, in their own language, in as few steps as possible. In February 2026, the Ryt Bank app became Malaysia’s most downloaded app across both the Apple App Store and Google Play, and ranked first in the finance category. Customers have turned to Ryt AI more than 10 million times in its first year to handle their everyday banking. Ryt Bank also offers a banking experience across English, Bahasa Melayu and Chinese. “Nobody had built a bank like this in Malaysia before, and the team that made it happen is Malaysian from top to bottom,” said Ryt Bank interim CEO Wilson Soon. “We’ve put Malaysia on the world map for what’s possible when we rethink what a bank can be. But we couldn’t have done it without 1.5 million Malaysians choosing to make Ryt Bank part of their lives. This month is for them.” Throughout the anniversary campaign, customers can earn RM100 or a guaranteed RM5 for themselves and their friends with every successful referral, Ryt Bank’s biggest referral reward yet.

o Partnership will jointly invest in mobile BESS and develop commercial leasing opportunities

KUALA LUMPUR: GoRental Global has signed a memorandum of understanding (MoU) with Green Tenaga Pte Ltd to jointly develop and validate the commercial potential of mobile Battery Energy Storage Systems (BESS) in Singapore and Malaysia. Announced during the 4th Asean Battery Technology Conference (ABTC), the agreement is intended to make cleaner, quieter temporary power easier to access through commercial leasing rather than outright system ownership. The agreement comes amid sustained construction activity in both markets. Singapore’s Building and Construction Authority expects S$47 billion to S$53 billion in construction demand in 2026, while the Department of Statistics Malaysia reported that Malaysia’s construction sector grew 8.5% year on-year to RM46.5 billion in the first quarter of 2026. For project owners, this sharpens a familiar operational question: how to secure temporary power without

diesel fuel handling or on-site exhaust, while protecting uptime and meeting safety requirements. Under the MoU, Green Tenaga will lead engineering and system integration, with asset management support. GoRental will bring customer access and field deployment capability, alongside its leasing expertise. The first phase will centre on joint investment in and deployment of an initial mobile BESS asset. Commercial leasing will follow across both markets. The partners will target construction, infrastructure, industrial, airport, event and other temporary-power applications. Earlier this month, GoRental delivered an estimated 992.16 kWh of battery power over 36 operating hours at Outdoor Expo Malaysia 2026, avoiding approximately 803.65 kg CO₂e against a diesel-generator baseline. Green Tenaga says its manufacturing and integration ecosystem has supported more than

Lee (left) and Peh at the signing of the MOU.

before committing at scale. Green Tenaga vice-president, APAC, Philip Lee said they see this collaboration as the foundation for developing a scalable mobile energy storage business in Singapore and Malaysia. “The goal is to expand the fleet based on real operating evidence and jointly develop next-generation solutions for the wider Southeast Asian market.”

30 GWh of BESS deployments globally. “For many operators, the barrier is not whether cleaner temporary power makes sense. It is whether the system will be dependable in live conditions and financially workable,” said GoRental Global managing director Colin Peh. He said this partnership combines engineering depth with deployment experience, giving customers a practical route to try mobile BESS

DP World opens Johor warehouse as it expands Southeast Asia network PETALING JAYA: DP World, a major international logistics company based in Dubai, United Arab Emirates, yesterday announced the opening of its latest warehouse in Johor, marking another milestone in the expansion of its integrated logistics network across Southeast Asia. ability to deliver end-to-end supply chain solutions in one of the region’s fastest-growing logistics markets. Located within the Johor inbound logistics operations while strengthening connectivity between Malaysia, Singapore and key regional trade corridors. existing network of ports and terminals, we are enhancing our ability to deliver end-to-end supply chain solutions that help customers move goods more efficiently, reliably and resiliently. network across Southeast Asia, enabling customers to benefit from greater connectivity, operational flexibility and supply chain resilience. In addition to the warehouses in Malaysia, DP World is launching warehouses in the Philippines, and in Thailand before end of the year.

DP World chief commercial officer (logistics), Asia Pacific, Jeanie Tan said: “The opening of our warehouse in Johor marks an important step in strengthening our growing logistics footprint across Southeast Asia. “As we continue to invest in strategic logistics assets across the region, and connecting them to our

Singapore Special Economic Zone, the new 11,514-square-metre dedicated warehouse strengthens DP World’s ability to deliver agile, efficient and reliable contract logistics solutions for customers operating in complex, time-sensitive supply chains. The facility provides fast, secure and scalable warehousing and

“This facility will accelerate our Southeast Asia growth and build the capacity needed to support our customers’ long-term success.” The Johor warehouse is the latest investment in DP World’s strategy to build an integrated contract logistics

These investments build on a series of milestones across the broader Asia Pacific region, including the opening of DP World’s first warehouse in Singapore in May 2025.

The Johor warehouse is the first of two facilities planned for Malaysia, with a second warehouse in Kuala Lumpur scheduled to open later this year, further strengthening DP World’s

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.

Contact us now for special deals on digital, video and print advertising. 03-7784 6688 advertise@thesundaily.com

thesun.my