Business

MM Computer Systems Bhd has secured two letters of award worth a combined RM24.54 million from a government-linked corporation for server and network maintenance support services.

The group said its wholly-owned subsidiary Micro Technology Solution Sdn Bhd had been awarded the contracts by a customer identified as Customer A, a GLC involved in electricity generation, transmission, distribution and sales.

The contracts, which take effect immediately, will run for three years from July 1, 2026 to June 30, 2029.

MMCS said the contract value is more than double its net profit of RM10.12 million for the financial year ended Dec 31, 2025, underscoring the scale of the win relative to its earnings base.

The company, which was listed on the ACE Market of Bursa Malaysia on June 11, 2026 at an IPO price of 22 sen, raised RM26.18 million from its public issue.

The latest win strengthens its recurring revenue visibility as it expands its enterprise IT maintenance and support services portfolio. — TMR

The post MM Computer Systems bags RM25m IT maintenance contracts from GLC, more than double FY25 profit appeared first on The Malaysian Reserve.

The post TikTok Shop launches RM180m cost-of-living support appeared first on The Malaysian Reserve.

NEXGRAM Holdings Bhd slipped into a net loss in its third quarter ended April 30, 2026 (3Q26), as higher corporate exercise costs and weaker margins offset stronger revenue from its ICT business.

The group recorded revenue of RM16.07 million for the quarter, up 28.1% from the preceding quarter, driven mainly by higher activity in its ICT Malaysia segment, which remained the group’s core earnings contributor.

However, Nexgram posted a net loss of RM3.54 million, reversing a profit of RM1.05 million in the previous quarter, as operating expenses surged to RM5.38 million from RM1.85 million.

The group said the higher costs were mainly due to expenses related to its debt settlement scheme, fundraising exercises, business development initiatives and other corporate restructuring activities, alongside increased administrative costs.

Gross profit declined to RM3.48 million from RM4.26 million previously, with margins narrowing to 21.6% from 33.9%, reflecting a less favourable project mix and higher direct project costs.

Segmentally, ICT Malaysia remained the main earnings driver with RM5.78 million in pre-tax profit, but this was offset by losses from the investment holding, property investment and renewable energy segments.

The renewable energy unit was impacted by fundraising and development-related costs, while the property investment segment was weighed down by finance costs.

Nexgram said several corporate proposals, including its revised debt settlement scheme, bonus warrant issuance and business diversification into hotel services, remain pending approval from Bursa Malaysia.

The group clarified that no prior-year figures were presented in the headline summary table, although management provided year-on-year and sequential comparisons in the notes.

The proposals form part of its ongoing efforts to strengthen its capital structure and support long-term business expansion.

Nexgram said it remains cautiously optimistic, supported by opportunities arising from Malaysia’s National Energy Transition Roadmap, digitalisation initiatives and data centre expansion.

It also highlighted that its acquisition of GAD Energy Sdn Bhd is expected to strengthen its renewable energy capabilities by building in-house EPCC capacity and enhancing participation in large-scale green infrastructure projects.

The acquisition includes a four-year profit guarantee of RM20 million, which is expected to provide earnings stability going forward.

The post Nexgram slips to Q3 loss as restructuring costs outweigh ICT-led revenue growth appeared first on The Malaysian Reserve.

MALAYSIAN small and medium enterprises (SMEs) seeking government contracts are set to gain improved access to financing, training and business support following a strategic collaboration between Microleap PLT, Commerce Access Sdn Bhd (CASB) and Halal Development Corporation Bhd (HDC).

The initiative aims to strengthen SMEs’ financing readiness and raise awareness of funding solutions under the SARANA Programme, which supports eligible contractors undertaking government-related projects through Securities Commission Malaysia-regulated peer-to-peer (P2P) financing platforms.

Under the programme, SMEs often face working capital constraints when mobilising projects, purchasing materials and managing operational costs before receiving payments from government agencies.

The collaboration brings together financing solutions, capacity-building initiatives and ecosystem support to help SMEs better secure and execute government contracts.

As a participating P2P financing platform under SARANA, Microleap provides shariah-compliant financing solutions including invoice financing to support post-project cash flow, as well as contract financing to assist with upfront working capital needs.

The initiative will include four regional workshops across the Klang Valley, Johor, Penang and Sarawak, starting with the first session at HDC headquarters on July 28, 2026.

The workshops will focus on government procurement processes, financing readiness and project execution, alongside guidance on available funding options under the SARANA framework.

Microleap CEO Tunku Danny Nasaifuddin Mudzaffar said the collaboration aims to bridge financing gaps faced by SMEs and improve their participation in government projects.

CASB CEO Puan Hajah Afidah Kamaruddin said the programme will help strengthen SME readiness for government contracting opportunities through improved operational and customer engagement capabilities.

The organisers expect the workshops to engage hundreds of SMEs nationwide and enhance awareness of financing solutions available under the SARANA Programme.

The post Microleap, CASB, HDC join forces to boost SME access to government contract financing appeared first on The Malaysian Reserve.

I-BHD is accelerating the transformation of i-City into an artificial intelligence (AI)-driven urban ecosystem, as it looks to unlock new long-term growth opportunities anchored on technology, property and recurring income streams.

The group said i-City is being repositioned as an integrated urban platform where real estate, digital infrastructure and intelligent systems operate in a unified environment, with AI and automation embedded across building management, mobility, lifestyle services and commercial operations.

The strategy was outlined at its 59th annual general meeting alongside a stronger FY2025 performance, where revenue rose 45% to RM322.7 million while profit before tax surged 74% to RM74.6 million, driven by contributions from property development, hospitality, leisure and investment segments.

I-Bhd said the stronger results reflect a more diversified earnings base, with non-property segments playing an increasingly important role as the group transitions towards a destination-led and experience-driven ecosystem.

A key pillar of its next phase is the rollout of the AI World Experience Centre (AIWEC), which integrates artificial intelligence and robotics into real-world urban applications within i-City.

The group is also advancing its AI ecosystem through collaborations with Mesiniaga Bhd, Singapore’s TwinMatrix and China’s AgiBot to embed robotics, AI agents and intelligent building systems into a unified urban framework.

It said the “AI Living” concept will be a flagship residential development integrating AI and robotics across homes to coordinate wellness features, building systems and automation in real time, moving beyond conventional smart-home concepts.

The group noted that its remaining development pipeline of about RM5 billion will support the expansion of this AI ecosystem strategy, which is expected to diversify income beyond traditional property development and strengthen i-City’s positioning as an innovation-led urban destination.

Its non-executive chairman Tan Sri Lim Kim Hong said the group is focused on disciplined execution while investing in long-term structural opportunities, adding that the future lies in creating living environments where property, technology and user experience are fully integrated.

The post I-Bhd accelerates shift to AI-driven i-City ecosystem, targets recurring income growth appeared first on The Malaysian Reserve.

ADVANCECON Holdings Bhd has entered into a memorandum of understanding (MOU) with Teras Impiana Sdn Bhd to jointly explore opportunities across construction, infrastructure, engineering, industrial and mission-critical projects.

In a statement, Advancecon said its wholly-owned subsidiary Advancecon Infra Sdn Bhd will collaborate with Teras Impiana to identify and pursue potential projects where civil engineering and earthworks capabilities can be integrated with specialised engineering, procurement, construction and commissioning (EPCC) and mechanical and electrical (M&E) expertise.

The 12-month MOU will serve as a framework for both parties to evaluate joint tendering opportunities and potential project participation, with any formal arrangements to be finalised through definitive agreements.

The collaboration comes as Malaysia continues to see rising demand for data centres, semiconductor-related facilities, advanced manufacturing plants and clean energy infrastructure, all of which require integrated civil and technical engineering capabilities.

Advancecon said the partnership is intended to strengthen its value chain proposition by combining site preparation and infrastructure works with high-specification M&E systems, particularly for mission-critical developments.

The group also noted potential synergies with its Silver Valley Technology Park development, where integrated design-and-build solutions could be offered to prospective investors.

Its MD Phum Boon Eng said the collaboration marks a strategic step to broaden the group’s participation in infrastructure-adjacent opportunities, while Teras Impiana managing director Ir Bavananthan said the partnership would enable both parties to deliver more integrated solutions for complex projects.

The post Advancecon teams up with Teras Impiana to tap data centre, M&E projects appeared first on The Malaysian Reserve.

NUENERGY Holdings Bhd has again extended the completion deadline for its RM68 million acquisition of solar assets from Armani Energy Sdn Bhd by another three months, as two electricity supply contracts remain pending transfer.

In a Bursa Malaysia filing today, the group said the completion date has been pushed to Sept 30, 2026, from June 30, to allow more time for customers to finalise novation documents with the national utility.

NuEnergy said the outstanding contracts involve supply agreements for renewable energy, which govern the supply and billing of electricity generated by the solar systems.

The proposed acquisition, undertaken by its wholly-owned unit IL Energy Sdn Bhd, forms part of a broader RM98 million deal announced in July 2024, which also included the RM30 million purchase of Armani Sinar Sdn Bhd.

While the Armani Sinar acquisition has been completed, the solar asset purchase from Armani Energy remains pending.

The post NuEnergy extends RM68m solar asset acquisition deadline to Sept 30 appeared first on The Malaysian Reserve.

PUTRAJAYA — Social media remained the most utilised platform, adopted by 80.3 per cent of businesses in 2024, according to the Statistics on ICT Usage and E-Commerce Establishments, 2025 (reference year 2024), released by the Department of Statistics (DOSM) today. 

Social media was followed by owned websites (58.7 per cent), e-marketplaces (44.1 per cent) and websites hosted on other entities (38.0 per cent), reflecting businesses’ growing efforts to expand market reach, enhance customer engagement and strengthen brand visibility in an increasingly connected business environment.

In a statement, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the report also revealed that 97.2 per cent of businesses utilised computers and 95.3 per cent had internet access in 2024, underscoring the widespread adoption of digital technologies and the growing importance of digital connectivity in supporting business operations, communication and service delivery.

“The growing adoption of digital technologies is not merely a response to market dynamics, but a strategic move that enables businesses to innovate, improve operational efficiency and remain resilient in an evolving economic environment,” he said.

In addition, the adoption of the internet and 5G technology among establishments increased to 33.0 per cent in 2024 from 30.6 per cent in 2023.

This progress was supported by nationwide 4G and 5G coverage of 98.7 per cent and 82.4 per cent, respectively, providing a stronger foundation for businesses to leverage advanced technologies, enhance productivity and support innovation.

Mohd Uzir added that the increasing digital readiness of businesses has also created a conducive environment for e-commerce expansion, enabling firms to reach wider markets, improve transaction efficiency and strengthen participation in both domestic and international trade. — BERNAMA

The post DOSM: 80.3% of businesses embrace social media in 2024 appeared first on The Malaysian Reserve.

REAL Estate and Housing Developers’ Association (REHDA) Malaysia has elected Datuk Zaini Yusoff as its new president for the 2026-2028 term, succeeding Datuk Ir Ho Hon Sang following the association’s annual delegates conference on June 27, 2026.

REHDA said that Ho, who had served as REHDA Malaysia president since June 2024, actively engaged stakeholders from the public and private sectors to address issues affecting the real estate industry during his tenure.

Following his appointment, Zaini, who is from S P Setia Bhd, said that he would do his very best to build upon the strong foundation laid by Ho and past presidents.

“I would like to thank Ho for his dedication and diligence over the past two years. I look forward to continue working with you in your new capacity as the immediate past president, together with the other exco and national council members of this esteemed association. With your support, I am committed to carrying out my responsibilities diligently, guided by our principles of being responsive, respected, responsible, and relevant,” he said in a statement.

Meanwhile, REHDA Selangor chairperson Datuk Edward Chong Sin Kiat of IJM Corporation Bhd will be taking over Zaini’s previous position as the association’s deputy president.

Besides Chong’s appointment as deputy president, the new leadership line-up also comprises Datuk Charlie Chia Lui Meng and Datuk Ir Tiah Oon Ling as vice-presidents. –BERNAMA

The post Rehda Malaysia elects Zaini Yusoff as new president for 2026-2028 term appeared first on The Malaysian Reserve.

AJINOMOTO (Malaysia) Bhd has appointed Maybank Investment Bank Bhd as principal adviser and RHB Investment Bank Bhd as independent adviser for its proposed privatisation by parent Ajinomoto Co Inc.

The appointments follow last week’s proposal by Ajinomoto Co, which owns a 50.38% stake in the Malaysian unit, to take the company private via a selective capital reduction (SCR) and repayment exercise at RM20 per share.

The offer values the privatisation at RM603.4 million and represents a 31.6% premium to Ajinomoto Malaysia’s last traded price of RM15.20 before the proposal was announced on June 22.

Under the exercise, 30.17 million shares held by minority shareholders will be acquired and cancelled.

The proposal will require approval from at least 75% of votes cast by disinterested shareholders, with no more than 10% voting against, alongside regulatory approvals. –TMR

The post Ajinomoto Malaysia appoints Maybank IB, RHB IB for privatisation exercise appeared first on The Malaysian Reserve.