Business

MECHANICAL and electrical (M&E) engineering solutions provider Kee Ming Group Bhd has secured a RM21.36 million subcontract for electrical engineering works at a hyperscale data centre (DC) project in Puncak Alam, Selangor. 

In a statement, the company said its wholly owned subsidiary, Kee Ming Electrical Sdn Bhd, has accepted a letter of award (LOA) from a third-party contractor specialising in integrated M&E solutions and data centre infrastructure. 

The subcontract covers the supply, delivery and installation of external utility infrastructure involving high-voltage (HV), medium-voltage (MV), low-voltage (LV), extra-low-voltage (ELV) and telecommunications duct works, as well as electrical works for the data centre’s main building. 

Works on the external utilities package are expected to commence immediately, while the main building electrical package will begin upon the issuance of a notice to proceed. 

The project is scheduled for completion by Dec 30, 2026. 

MD Liew Kar Hoe said the award strengthens Kee Ming’s position in the data centre segment, which continues to see investment from global technology companies, hyper-scalers and colocation providers. 

“This contract award marks another significant milestone for Kee Ming as we continue to strengthen our presence in the data centre segment. Data centres require highly reliable and resilient electrical infrastructure, and we are pleased that our technical expertise and project execution capabilities have enabled us to secure this opportunity.” 

Liew said the project is in line with the group’s strategy of expanding into higher-value industrial and infrastructure-related developments, adding that Malaysia’s emergence as a regional digital hub is expected to continue driving demand for data centre infrastructure. 

As at March 31, 2026, Kee Ming’s outstanding orderbook stood at RM151.9 million. 

The group said it continues to pursue tenders across data centres, industrial developments, commercial facilities and interconnection facilities projects. 

Barring unforeseen circumstances, the contract is expected to contribute positively to the group’s earnings, earnings per share and net assets for the financial year ending March 31, 2027. — TMR

• This article first appeared in The Malaysian Reserve weekly print edition

The post Kee Ming wins RM21m Puncak Alam DC job appeared first on The Malaysian Reserve.

The post PRG investor seeks probe as unit issues RM64m statutory demand appeared first on The Malaysian Reserve.

MALAYSIAN Resources Corporation Bhd (MRCB) has announced its entry into the digital infrastructure sector through a collaboration to develop an AI-ready data centre in Bukit Jalil, Kuala Lumpur, with an estimated gross development cost of RM2.1 billion.

The project is being undertaken via Bukit Jalil Sentral Property Sdn Bhd, a wholly owned subsidiary of MRCB Land Sdn Bhd, in partnership with Perintis Akal Sdn Bhd, a subsidiary of Pemandu Partners International PLT.

Under the structure, Bukit Jalil Sentral will act as asset owner and master developer, while Perintis Akal will serve as long-term tenant and operator under a proposed 10-year lease agreement.

The facility is designed with a 65MW IT load capacity, approximately 500,000 sq ft of built-up space, and will comply with Uptime Institute Tier III standards to support high-density AI and GPU computing workloads.

Inspur Group, via Inspur Communication Malaysia Sdn Bhd, will support construction, commissioning, maintenance, and operations.

MRCB said the development positions it in the fast-growing high-performance computing and AI ecosystem while providing long-term recurring income through the lease structure.

The group also noted early expressions of interest for the data centre capacity, suggesting potential for further expansion within its Bukit Jalil land bank.

Definitive agreements are expected to be finalised by third quarter of 2026 (3Q26), with completion targeted for 4Q27. –TMR

The post MRCB enters AI data centre space with RM2.1b Bukit Jalil development appeared first on The Malaysian Reserve.

SCANWOLF Corporation Bhd has secured a RM75 million contract for piling and substructure works for a 74-storey mixed development project along Jalan Pavilion in Kuala Lumpur.

Its wholly owned subsidiary, Scanwolf Trading & Construction Sdn Bhd, accepted a letter of award from Hallson Construction Sdn Bhd for works commissioned by Armani Hallson Sdn Bhd.

The project is scheduled to commence on June 16, 2026, and is expected to be completed within 24 months by June 15, 2028.

Scanwolf said the contract is expected to contribute positively to earnings and net assets per share over the financial years ending 2026 to 2028, supporting visibility for its construction segment during the project duration. –TMR

The post Scanwolf wins RM75m piling contract for 74-storey KL Pavilion-area project appeared first on The Malaysian Reserve.

UEM Sunrise Bhd has secured an investor for its A$315.4 million (RM903.3 million) build-to-rent (BTR) development in Melbourne, Australia, via its wholly owned unit UEM Sunrise (Collingwood Development) Pty Ltd.

The project will be backed by Kio Investment Management, a joint venture between US private equity firm Warburg Pincus and Australian property veteran Sam Bisla.

Under the arrangement, UEM Sunrise will act as developer and delivery partner, while Kio will be investor and owner-operator.

Located in Collingwood on a 0.54-hectare site along Hoddle Street, the development will feature two residential towers with a mix of studio to three-bedroom units, alongside retail, food and beverage outlets, essential services, and a public town square with green spaces.

Preliminary works are expected to begin by end-2026, with completion targeted for 2030.

UEM Sunrise managing director and CEO Shaharul Farez Hassan said the project strengthens the group’s Australian expansion strategy and reflects its continued push into the build-to-rent segment in well-connected urban locations.–TMR

The post UEM Sunrise secures investor for RM903m Melbourne build-to-rent project appeared first on The Malaysian Reserve.

EP Manufacturing Bhd (EPMB) has started building a new vehicle painting facility in Pegoh, Melaka, as part of efforts to strengthen its integrated automotive manufacturing hub and support Malaysia’s regional automotive ambitions.

The new plant will expand EPMB’s capabilities beyond its traditional Tier-1 component business, enabling it to offer end-to-end services including localisation, parts production, CKD operations, vehicle assembly, painting, quality assurance, testing and export support within its Pegoh campus.

The investment is aimed at reinforcing Melaka’s position as an emerging automotive manufacturing centre, while creating opportunities for local vendors, technology transfer, skilled workforce development and supply chain localisation.

Its executive chairman Hamidon Abdullah said the paint facility would strengthen EPMB’s value proposition to global automakers by providing a complete CKD manufacturing solution in Malaysia.

EPMB’s automotive manufacturing business has expanded from a single OEM programme to partnerships with Chinese automakers Great Wall Motor, BAIC Group, SAIC Motor and XPeng.

The group said production volumes have exceeded 1,000 vehicles a month, with exports already reaching Thailand and plans to expand further across ASEAN and other international markets.

The post EPMB begins construction of new paint facility in Melaka to deepen auto manufacturing ecosystem appeared first on The Malaysian Reserve.

LAC Med Bhd has secured a RM78.9 million contract to supply reagents and related pathology chemistry testing items to 10 public hospitals under Malaysia’s Ministry of Health Malaysia in Kedah.

The contract was awarded to its unit, LAC Medical Supplies Sdn Bhd, by a healthcare concessionaire company and runs for four years until June 14, 2030.

The project involves supplying products from a newly onboarded principal under an instrument placement model, with LAC Med acting as the local representative for the global brand’s reagents and consumables.

Including this latest award, LAC Med has secured RM105.7 million worth of contracts tied to the same principal, lifting its total order book to RM277.9 million and providing earnings visibility for the next three to four years.

The group said the contract strengthens its recurring income stream and expands its footprint in the medical consumables segment, an untapped market for the company.

LAC Med currently has 58% hospital coverage nationwide, more than 2,600 installed medical equipment units, and serves over 300 active clients across Malaysia’s public and private healthcare sectors.

The post LAC Med wins RM79m pathology supply contract for 10 Kedah public hospitals appeared first on The Malaysian Reserve.

By ANN ZAINUDDIN

CIMB Group Holdings Bhd has unveiled its refreshed “Moving You Forward” brand campaign alongside its inaugural “CIMB Advancing Societies 2026” initiative, reinforcing its long-term commitment to advancing customers, communities and societies across Asean.

The campaign represents a strategic evolution in CIMB’s brand direction, reflecting a stronger emphasis on purpose-driven banking that focuses on empowerment, access and meaningful progress beyond financial services.

CIMB Group Chief Brand and Marketing Officer Toni Darusman said the campaign is anchored in a clear vision to advance ambitions across Asean.

“At CIMB, there is a clear vision that guides everything we do, and that is to be the bank that advances the ambitions of people across Asean,” he told reporters at the launch on June 15.

He added that “Moving You Forward” is not simply a tagline, but a long-term commitment to enabling progress for customers, businesses and communities across the region.

The campaign highlights CIMB’s role in supporting growth at multiple levels, from helping small businesses expand locally to enable cross-border opportunities across Asean markets.

It also reinforces the bank’s continued investment in education through its Asean scholarship programme, which has supported more than 150 students to date.

CIMB said progress under the campaign is driven by real-life enablement, supported by digital banking solutions such as CIMB Octo and broader financial ecosystems that allow customers to move forward seamlessly.

Beyond individual progress, CIMB is also strengthening its role in nation-building through strategic partnerships such as its collaboration with Kuala Lumpur City Hall (DBKL) to support urban development and community engagement.

The initiative includes programmes that promote Micro, Small and Medium Enterprises (MSMEs) participation, cultural activation and community-driven events aimed at making cities more inclusive and liveable.

The launch also highlighted CIMB’s RM200 million commitment from 2026 to 2030 to support social impact initiatives across Asean, reinforcing its long-term investment in regional development.

The bank said the funding is designed to build sustainable ecosystems that empower communities to lead their own development journey.

As part of the “CIMB Advancing Societies 2026” programme, CIMB honoured 11 changemakers from Malaysia, Indonesia, Singapore and the Philippines for their contributions in education, financial literacy, environmental sustainability and social inclusion.

Brand ambassador Datuk Azizulhasni Awang was also recognised for his long-standing partnership with CIMB, which spans nearly a decade and reflects shared values of resilience, discipline and progress.

In a fireside chat session, Azizul shared how setbacks in his cycling career shaped his mindset, including a major crash at the Manchester Velodrome that tested his determination but strengthened his resolve.

He said long-term support played a crucial role not only in his sporting success but also in his personal development beyond athletics.

“It is extremely important to have support in high-performance sports. CIMB has stood firmly behind me, not only financially but also in many other ways that helped develop me as a person,” he said.  

Toni said CIMB’s partnership approach reflects its belief in supporting individuals through both success and setbacks.

“Moving You Forward is more than an idea. It is a commitment to improving people’s lives and being present during both success and setbacks,” he said.  

He added that CIMB aims to inspire progress across Asean through long-term partnerships that strengthen communities and drive shared growth.

As CIMB continues to expand its regional footprint, the campaign serves as a unified direction reinforcing its role as a catalyst for sustainable economic and social development across Asean.

The post CIMB unveils ‘Moving You Forward’ campaign, honours 11 Asean changemakers at Advancing Societies 2026 appeared first on The Malaysian Reserve.

OSK Holdings Bhd’s indirect wholly owned subsidiary, OSK RF Sdn Bhd, has been granted a moneylending licence by the Ministry of Housing and Local Government.

The group said the licence, dated June 12, 2026, is valid for two years from June 11, 2026 and is renewable upon application to the ministry.

Issued under the Moneylenders Act 1951 and the Moneylenders (Control and Licensing) Regulations 2003, the approval allows OSK RF to carry out moneylending activities and provide loans in accordance with the law. –TMR

The post OSK Holdings’ unit secures moneylending licence from Housing Ministry appeared first on The Malaysian Reserve.

KERJAYA Prospek Group Bhd has secured a RM529.3 million contract through its unit Kerjaya Prospek (M) Sdn Bhd from BRDB Developments Sdn Bhd for a luxury residential project in Taman Duta, Bukit Tunku.

The project marks its first collaboration with BRDB, a premium property developer, and involves the construction of eight blocks of villa residences comprising 146 units, alongside two blocks of car parks with two-level basement facilities, common amenities and a clubhouse.

Construction is scheduled to begin on June 15, 2026 and is expected to be completed within 33 months.

Kerjaya Prospek said the win reinforces its position as a preferred contractor for high-end developments and further expands its client base.

The group’s CEO Tee Eng Tiong said the award reflects its track record in delivering quality residential projects.

With this latest contract, Kerjaya Prospek’s year-to-date wins rise to about RM1.6 billion, while its outstanding order book stands at approximately RM4.5 billion. –TMR

The post Kerjaya Prospek lands RM530m BRDB luxury residential job in Bukit Tunku appeared first on The Malaysian Reserve.