Corporate Malaysia

CENTRAL Global Bhd (CGB) said its wholly-owned sub-subsidiary, Central Global Development Sdn Bhd (CGD), has mutually agreed to revoke three sale and purchase agreements (SPAs) for the acquisition of residential land parcels in Taman Bukit Sungai Long, Kajang, and Cheras, Selangor, with a total consideration of RM3.67 million.

The SPAs, signed on May 21, 2025, were with Chew Hian Tat, who is also the group MD and major shareholder of Central Global.

CGB said both parties executed three Deeds of Revocation on Nov 6, 2025, releasing each other from all terms and conditions of the earlier agreements.

According to CGB, the decision was part of the group’s strategic move to realign its business focus and channel resources toward emerging opportunities with stronger growth potential.

The 10% deposit paid by CGD, amounting to RM367,000, has been fully refunded by the vendor.

CGB’s board said the revocation is in the best interest of the group, adding that the deeds will be available for inspection at the company’s registered office for one month. — TMR

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GAMUDA Bhd and Perbadanan Kemajuan Negeri Perak (PKNPk), via their joint venture PKNPk-Gamuda JV, have signed a memorandum of understanding (MoU) with Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) for the sale of excess treated water from the Northern Perak Water Supply Scheme (NPWSS) to Penang.

The agreement marks a major step forward in resolving a long-standing water supply impasse between Perak and Penang, paving the way for a definitive bulk water supply agreement (BWSA) expected to be executed within six months, subject to regulatory approvals.

Under the MoU, the supplier — a company to be incorporated by the PKNPk-Gamuda JV and approved by the Perak state government — will supply treated water to PBAPP, Penang’s water operator. T

The signing ceremony, held in Ipoh, was witnessed by Perak Menteri Besar Datuk Seri Saarani Mohamad and Penang Chief Minister Chow Kon Yeow, along with senior officials from both state governments.

The broader NPWSS involves the transfer of 1,500 million litres per day (MLD) of raw water from Sungai Perak to the Bukit Merah Dam, meeting the needs of irrigation, domestic, and industrial users in northern Perak, including the upcoming Kerian Integrated Green Industrial Park (KIGIP).

Saarani said the MoU represents a historic milestone after more than a decade of stalled discussions between the two states.

“Construction completion is 2030, which is important to address Penang’s projected deficit, as per the report published by KASA in 2022. For Perak, this critically secures long-term water for irrigation needs in northern Perak and for the upcoming KIGIP,” he said.

He added that the project aligns with Perak’s Perak Sejahtera 2030 development agenda, creating a new long-term revenue stream for the state for the next 40 years.

Saarani also noted that the project fits within the public investment strategy outlined in Malaysia’s upcoming Budget 2026, with potential for federal financing or a public-private partnership (PPP) structure.

“The state government places its full confidence in the PKNPk-Gamuda JV. Their proven track record in operating water treatment plants and delivering complex infrastructure on time and on budget provides the necessary assurance that this critical scheme will meet its 2030 completion target for the benefit of both Perak and Penang,” he said.

Meanwhile, Chow described the MoU as a “vital breakthrough” in securing Penang’s long-term water supply.

“Penang is committed to solving the state’s long-term water supply issues and we are pleased to reach this landmark understanding with Perak,” he said.

“This agreement essentially secures a reliable source for long-term treated water at an affordable rate. Penang now has increased diversification of our water supply sources and a reduced reliance on Sungai Muda.”

Chow added that the NPWSS complements Penang’s Water Contingency Plan 2030, with the new water source expected to come online by 2031.

“This is crucial for Penang’s ability to continue attracting high-value investments, which will support our local economy and industrial growth for decades to come,” he said.

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AIA Bhd has promoted Heng Zee Wang as its new CEO, effective Oct 30, to lead the company’s life insurance and other business entities in Malaysia.

Prior to this, Heng was AIA Malaysia’s chief healthcare officer since August 2024. Heng, who joined AIA in 2012, has also held the roles of chief marketing officer and CFO in Malaysia.

Heng, who played a pivotal role in the successful integration of ING Malaysia following its acquisition in 2012, reports to AIA Group regional CEO Tan Hak Leh, the company said in a statement.

He takes over from Ben Ng who has assumed the role of group chief risk officer designate, based in Hong Kong, subject to regulatory approvals.

Heng has a Bachelor of Science (Hons) in Actuarial Science and is a Fellow of the Institute and Faculty of Actuaries, UK.

With the appointment, Tung Hsiao Ley will take on an expanded role as chief corporate solutions and healthcare officer, the statement added.

AIA Bhd has more than 2,400 employees serving 5.2 million customers nationwide. As of Dec 3, 2024, its total asset worth was RM68.20 billion, with a paid-up capital of RM810 million. — TMR

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The 200 MP ZEISS Imaging King, the vivo X300 Series Is About to Land in Malaysia

Kuala Lumpur, 3 November 2025 — Riding on massive anticipation even before its official debut, vivo Malaysia is preparing to unveil its latest X-series flagships, the vivo X300 and vivo X300 Pro. The new series has already sparked an overwhelming response, with blind pre-orders soaring to 13 times higher than the previous model, reflecting the strong excitement surrounding what many are calling 2025’s ultimate concert phone. Combining cutting-edge imaging technology, sleek design, and a user-focused experience, the vivo X300 series marks a new milestone in vivo’s pursuit of innovation and photographic excellence.

Advanced Photography and Videography Innovation

Engineered as the ultimate concert phone, the vivo X300 series allows users to capture every on-stage moment with lifelike detail and vibrant color, even from a distance or in challenging low-light conditions, ensuring fans never miss a beat.

The vivo X300 Pro debuts with a 200 MP ZEISS APO Telephoto Camera and a 50 MP ZEISS Gimbal-Grade Main Camera, delivering industry-leading stability with CIPA 5.5-rated stabilization, clarity, and ultra-clear imaging. Powered by the new vivo’s Pro Imaging Chip VS1, it captures faster, sharper, and more detailed shots than ever. The vivo X300 Pro also expands creative possibilities with 20x Long-Range Motion Snapshot, Telephoto Flower & Bird Shots, and support for 4K 120 fps Dolby Vision Video and 10-bit Log Video, enabling cinematic-quality footage with exceptional clarity and dynamic range. For added versatility, the vivo X300 Pro supports the vivo ZEISS 2.35x Telephoto Extender Kit, delivering sharper clarity, richer detail, and soft, natural bokeh effects.

The vivo X300 features a 200 MP ZEISS Main Camera paired with an upgraded ZEISS APO Telephoto Camera, providing high dynamic range, enhanced telephoto performance, and CIPA 4.5-rated stabilization. Both models include a 50 MP ZEISS Wide-Angle Front Camera with autofocus, supported by vivo’s high-resolution portrait algorithm, for naturally detailed selfies and professional-grade video capture. The vivo X300 series pushes creative boundaries with features designed for all-scenario imaging. Stage Mode 2.0, Dual-View Stage Video, AI One-Shot Multi-Crop, and AI Landscape Master allow users to capture professional-quality images and videos across casual and live-event scenarios.

Premium Design and Aesthetics

Beyond imaging, the vivo X300 series is crafted for comfort and elegance. Both models feature a Unibody 3D Glass Design that seamlessly integrates the camera module. The rear coral velvet glass offers a silky, fingerprint-resistant, and skin-friendly texture.

The vivo X300 sports a compact 6.31-inch flat display, weighing just 190g with a 7.95mm profile for a minimalist, balanced feel. The vivo X300 Pro features a 6.78-inch flat display housed in a slim 7.99mm body, projecting a professional and premium look.

A curated color palette ensures personalization for every style. The vivo X300 model features Phantom Black and Mist Blue, alongside Halo Pink, a vibrant and fashionable shade that embodies a chic and refined aesthetic. The vivo X300 Pro retains Phantom Black, Mist Blue, and Dune Brown, delivering a classic and mature look.

For more information, visit the official website and follow vivo Malaysia on social media:

Official Website: https://www.vivo.com/my

Facebook: https://www.facebook.com/vivoMalaysia/

Instagram: https://www.instagram.com/vivo_malaysia/

The post Already Making Waves Ahead of Launch! The vivo X300 Series Blind Pre-Order Craze Sweeps Malaysia, Crowned as 2025’s Ultimate Concert Phone appeared first on The Malaysian Reserve.