Tag:

TMR

Keyfield inks RM71m contract to build new DP2 AHTS

2 weeks ago

written by

KEYFIELD International Bhd said its wholly owned subsidiary, Keyfield Resolute Sdn Bhd, has entered into a shipbuilding contract with China-based Jiangsu Shunhong Marine Technology Co Ltd for the construction of a new 90-metre diesel-electric dynamic positioning 2 anchor handling tug supply vessel.

In a filing with Bursa Malaysia today, the group said the contract price is US$18 million, or equivalent to about RM70.7 million.

The vessel is part of Keyfield’s strategy to increase its exposure to anchor handling tug supply vessels while maintaining its core strength in accommodation workboats, as it expands international charter operations, particularly in the Middle East.

Keyfield said its existing AHTS fleet is largely committed to or earmarked for long-term charters, and the new vessel will expand available capacity, enabling the group to pursue new tender and spot charter opportunities without affecting current commitments.

The shipbuilding will be funded through a combination of internal cash and approximately RM45 million of remaining unutilised sukuk proceeds.

Keyfield said the project is expected to contribute positively to group earnings once the vessel is deployed in its chartering business.

The new DP2 AHTS is expected to be delivered and deployed tentatively in 2027 or 2028.

Keyfield added that none of its directors or substantial shareholders has any interest, direct or indirect, in the shipbuilding contract. — TMR

The post Keyfield inks RM71m contract to build new DP2 AHTS appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

News

Dry season, heavy irrigation: Penangites urged to use water wisely

2 weeks ago

written by

GEORGE TOWN — Consumers in Penang have been urged to use water wisely this month following a hot and dry start to the year, compounded by low rainfall and heavy irrigation activities along Sungai Muda.

Penang Water Supply Corporation (PBAPP) chief executive officer Datuk K.Pathmanathan said rainfall recorded at the Air Itam Dam water catchment area (WCA) from Jan 1 to Feb 4 was only 17.5 millimetres, while the Teluk Bahang Dam WCA recorded just 5.5 millimetres over the same period.

He said the Sungai Muda water level at the Lahar Tiang Intake in Seberang Perai Utara (SPU) fell below the critical 2.0-metre mark for 19 consecutive days in January and remained below that level from Feb 1 to 4.

“There were days in January wherein PBAPP could not abstract optimal volumes of raw water from the river to fully support treated water production operations at the Sungai Dua Water Treatment Plant (WTP).

“Sungai Dua WTP produced about 85 per cent of Penang’s total treated water volume of 1,208 million litres per day (MLD) in 2025,” he said in a statement today.

Pathmanathan said large-scale irrigation drawdowns from Sungai Muda since Jan 19 by the Muda River Basin Management (PLSM) for padi cultivation had further affected river levels.

In Kedah, he said the water level at Beris Dam reportedly fell by 12.65 per cent, while Muda Dam declined sharply by 42.94 per cent between Jan 1 and Feb 4.

Pathmanathan noted that the Penang Water Regulatory Body (BKSA) had requested PBAPP to maintain sufficient downstream flow from the Lahar Tiang Intake to support irrigation activities in Penang, a request that PBAPP had complied with since Jan 27.

To ensure a continuous water supply, he said PBAPP had implemented several engineering measures, including strategic drawdowns from the Expanded Mengkuang Dam (EMD), which ensured there was no shortfall of raw water that could have affected daily treated water production at the Sungai Dua WTP.

PBAPP also highlighted its Double Dam Defence on Penang Island programme, under which an average of 407 MLD of treated water from Sungai Dua was pumped to the island in January.

In addition, Pathmanathan said drawdowns from the Air Itam and Teluk Bahang dams had been minimised since Jan 1 to preserve their effective capacities amid increasingly unpredictable rainfall patterns linked to climate change.

He said that as of Feb 4, the effective capacity of the Air Itam Dam stood at 89.9 per cent, Teluk Bahang Dam at 95.7 per cent, and the Expanded Mengkuang Dam at 89.9 per cent. — BERNAMA

The post Dry season, heavy irrigation: Penangites urged to use water wisely appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

Business News

Malakoff–KJTS RM66m utilities deal lapses after conditions unmet

2 weeks ago

written by

MALAKOFF Corporation Bhd’s proposed disposal of Malakoff Utilities Sdn Bhd to KJ Technical Services Sdn Bhd, a subsidiary of KJTS Group Bhd, has fallen through after the sales and purchase agreement lapsed due to the non-fulfilment of conditions precedent.

In a filing with Bursa Malaysia dated Feb 5, 2026, Malakoff said “the sales and purchase agreement (SPA) has lapsed due to the non-fulfilment of the conditions precedent upon the expiry of the long-stop date on February 3, 2026”.

The group added that a written notice was issued to KJ Technical Services Sdn Bhd on Feb 4, 2026, “stating that the SPA shall cease to have any further force and effect from that date”.

Malakoff said it will refund the full deposit paid by KJ Technical Services Sdn Bhd in accordance with the SPA, adding that “each party shall have no further claim against the other, save for any antecedent breach of the SPA”.

The aborted deal was first announced on Feb 3, 2025, when KJTS Group said it planned to fully acquire Malakoff Utilities for about RM65.5 million.

The acquisition, to be executed via KJ Technical Services Sdn Bhd, would have made Malakoff Utilities an indirect wholly-owned subsidiary of KJTS upon completion.

At the time, KJTS said the proposed acquisition was in line with its strategy to expand its cooling energy management business, strengthen its market presence and enhance operational efficiencies.

Malakoff Utilities owns and operates a large-scale district cooling system supplying chilled water for air-conditioning to 10 major buildings within KL Sentral, one of the country’s key commercial and transit hubs. — TMR

The post Malakoff–KJTS RM66m utilities deal lapses after conditions unmet appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

Markets News

Weak global sentiment pulls Bursa Malaysia lower

2 weeks ago

written by

KUALA LUMPUR — Bursa Malaysia ended lower today, extending its mild pullback as negative global sentiment weighed on risk appetite, said an economist.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 11.80 points, or 0.68 per cent, to 1,731.02 from yesterday’s close of 1,742.82.

The market bellwether opened 3.0 points higher at 1,745.82, and subsequently hit an intraday high of 1,747.18 in early trade before slipping to its intraday low of 1,731.02 at closing.

In the broader market, losers trounced gainers 922 to 279, with 472 counters unchanged, 981 counters untraded and 15 suspended.

Turnover expanded to 3.83 billion units valued at RM3.66 billion from yesterday’s 2.59 billion units valued at RM2.86 billion.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the local market’s decline was largely driven by external spillovers, particularly weakness across regional equity markets, as investors continued to reassess valuation risks in technology and artificial intelligence-linked names.

“Locally, this translated into broad-based sector rotation and profit-taking following the index’s recent rally, with selling pressure evident across utilities, industrial-related names, healthcare, construction and energy, while financials were comparatively resilient.

“Pockets of strength in real estate and selected yield-oriented counters provided limited support, underscoring a rebalancing of positions rather than an outright risk-off move,” he told Bernama.

In addition, he said from a technical perspective, the FBM KLCI remains supported above the 1,730 zone, which has emerged as a near-term psychological and technical anchor.

“Despite today’s pullback, the index continues to trade comfortably above its key moving averages, signalling that the broader uptrend remains intact.

“Momentum indicators have moderated after a strong advance, consistent with a consolidation phase rather than a trend reversal,” he said.

Among heavyweights, CIMB perked up 2.0 sen to RM8.52, Public Bank slid 1.0 sen to RM4.90, Tenaga Nasional shed 12 sen to RM13.98, IHH Healthcare fell 19 sen to RM8.77, while Maybank was flat at RM11.94.

On the most active list, Zetrix AI slipped 10.5 sen to 69.5 sen, Pharmaniaga edged down 3.5 sen to 29 sen, Capital A decreased 2.0 sen to 57.5 sen, while MMAG and Tanco were flat at 5.0 sen and RM1.34, respectively.

Among the top gainers, Nestle advanced RM1.10 to RM113.00, Petronas Dagangan added 40 sen to RM20.36, Southern Acids rose 16 sen to RM3.50, and Batu Kawan added 12 sen each to RM19.62.

Fraser & Neave led the decliners, falling RM1.48 sen to RM33.88, Malaysian Pacific Industries slid 50 sen to RM32.00, United Plantations slipped 82 sen to RM28.98, Petronas Gas lost 40 sen to RM18.10, and Hong Leong Industries shed 26 sen to RM16.78. — BERNAMA

The post Weak global sentiment pulls Bursa Malaysia lower appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

News Property

Haily Group wins RM48m Johor housing contract

2 weeks ago

written by

HAILY Group Bhd’s wholly owned subsidiary, Haily Construction Sdn Bhd, has secured a RM48.2 million contract from Gunung Impian Development Sdn Bhd to build 113 double-storey terrace houses at Taman Impian Emas in Johor Bahru.

The project will commence on February 23 2026, with initial works, including a substation, show house and mock-up unit, to be completed within six months, while the main construction is scheduled for completion by October 2027.

The contract is expected to contribute positively to the group’s earnings and net assets over the project duration. — TMR

The post Haily Group wins RM48m Johor housing contract appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

PR Newswire

Dubai Science Park celebrates two decades of enabling science to strengthen knowledge- and innovation-led economy

2 weeks ago

written by

The region’s leading science-focused hub was launched to nurture the knowledge economy and advance collaboration in the science and R&D sectors
TECOM Group’s science district is home to over 90 labs supporting scientific research and more than 6,500 life, energy, and environment professionals
Dubai Science Park’s vibrant community contributes towards the vision of Dubai Economic Agenda ‘D33’, Dubai Research and Development Programme, and We the UAE 2031

DUBAI, UAE, Feb. 5, 2026 /PRNewswire/ — Dubai Science Park, the Middle East’s leading science-focused hub, is celebrating two decades of enabling science and nurturing the region’s research and development (R&D) landscape to strengthen the regional knowledge- and innovation-led economy.

One of TECOM Group PJSC’s 10 vibrant business districts, Dubai Science Park has been at the forefront of empowering scientific leaders and talent for 20 years. Its commitment to nurturing the knowledge economy and advancing collaborative industry growth has reaffirmed the UAE’s and Dubai’s position on the global science and R&D landscape.

Dubai Science Park celebrates two decades of enabling science to strengthen knowledge- and innovation-led economy

Dubai Science Park has cultivated a dynamic environment where collaboration flourishes. Today, the district is home to customers across the life, energy, and environment sciences, with over 90 laboratories supporting scientific research as well as more than 6,500 talented professionals.

“Dubai Science Park was founded with a strategic vision to advance knowledge for the greater good, and over the past 20 years, has been instrumental in fostering a world-class environment for scientific innovation and progress,” said Marwan Abdulaziz Janahi, Senior Vice President of Dubai Science Park, part of TECOM Group.

“The district has played a pivotal role in strengthening the knowledge- and innovation-led economy by enhancing Dubai’s role as a global hub for life, energy, and environment science leaders. We are proud of the vibrant ecosystem we have nurtured at Dubai Science Park and the significant life-changing advancements delivered by our community partners over the years. We will continue to attract global businesses, nurture talent, and incubate innovation to contribute towards the long-term goals of Dubai Economic Agenda ‘D33’, Dubai Research and Development Programme, and We the UAE 2031.”

Furthering these ambitions, the UAE Ministry of Economy and Tourism signed a Memorandum of Understanding (MoU) in August last year with Dubai Science Park to strengthen cooperation in the fields of intellectual property (IP) protection and patent registration. This collaboration aims to provide legal and technical assistance, speeding up patent applications for innovators and researchers across Dubai Science Park and other TECOM Group business districts.

Enabling science

Dubai Science Park has strengthened its position as a pivotal hub for leading scientific innovation, attracting a diverse array of organisations across critical sectors. The district is home to life sciences companies from around the world, including AstraZeneca, Pfizer, Boston Scientific, Himalaya Wellness, and ThermoFisher Scientific. The community also embraces pioneers such as globally leading paints and coatings manufacturer Jotun, which operates a R&D laboratory from its regional headquarters at Dubai Science Park.

The district hosts a significant presence of leading fragrance and flavour companies fostering innovation across the Middle East and Africa. This includes DSM-Firmenich, which operates a Creation & Development Centre at the district as well as IFF, which in 2025 inaugurated its Scent Dubai Creative Centre at its facility in Dubai Science Park.

Energy science specialists are also nurtured within Dubai Science Park, with its repertoire featuring prominent entities like Swiss-based Clariant, a specialist in chemicals for the oil and gas industry, Phoenix Contact, which provides automation solutions to the energy sector, and ExxonMobil. These companies collectively drive advancements in oil and gas, renewables, and power generation.

Championing sustainability, Dubai Science Park is also a vibrant centre for environment-focused companies at the cutting edge of waste management, sustainability solutions, and green technology. The district is home to companies including Al Wakeel Recycling, an innovative food waste recycler; and Avani Eco, a producer of recyclable plastic alternatives for disposable cutleries.

Enabling infrastructure

Dubai Science Park’s unwavering commitment to enabling scientific progress is bolstered by its world-class infrastructure, which includes a LEED-certified Laboratory Complex curated to nurture cutting-edge R&D. Complementing this offering are the district’s extensive storage and logistics spaces, spanning a gross leasable area of more than 330,000 sq.ft. and meticulously designed to meet the diverse operational needs of its community, including global leaders such as AmSpec Group.

The district is also home to D/Quarters, TECOM Group’s provider of state-of-the-art co-working spaces. The flexible solution is designed to address rising demand for agile and future-focused workspaces in Dubai and strengthens Dubai Science Park’s appeal to collaboration-oriented businesses of all sizes.

Enabling innovation

This cohesive offering is particularly supportive of start-ups that channel Dubai Science Park’s community to deliver science-led progress. Launched in collaboration with Dubai Science Park in 2023, in5 Science – one of four sector-dedicated verticals under in5, Dubai’s leading start-up incubator – demonstrates the district’s role in championing entrepreneurship and innovation and fostering the next generation of scientific leaders. in5 Science’s success stories include Detectiome, which is developing the flagship multicancer early detection test Revonco for the Middle East’s unique genetic makeup, and RelphaCare, a healthtech company that aims to minimise diagnostic, procedural, and medication errors.

Enabling Community

Dubai Science Park actively unites its community to foster industry collaboration through The DSP Leadership Network. This merit-based, invitation-only business community is specifically tailored for senior professionals within the healthcare, life sciences, and broader sciences ecosystem in the UAE, facilitating unparalleled networking and knowledge exchange opportunities. Dubai Science Park, alongside its sister districts Dubai International Academic City and Dubai Knowledge Park, also fosters synergies and shared knowledge between academic institutions and industry. For instance, the University of Birmingham Dubai, based at Dubai International Academic City, signed a memorandum of understanding in 2025 with in5 Science start-up Mentra to advance research into AI-enabled mental health interventions for university students.

Nurturing such collaborations is a vital pillar of Dubai Science Park’s contributions towards enabling science-led progress in the Middle East and beyond for the past 20 years.

Dubai Science Park is part of TECOM Group’s portfolio of business districts, which include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Industrial City.

Photo: https://arah.my/wp-content/uploads/2026/02/TECOM_Group_Dubai_Science_Park.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dubai-science-park-celebrates-two-decades-of-enabling-science-to-strengthen-knowledge–and-innovation-led-economy-302680019.html

The post Dubai Science Park celebrates two decades of enabling science to strengthen knowledge- and innovation-led economy appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

PR Newswire

UN Representatives from 17 Nations Visit BEDI to Study China’s Leading Practices in Urban AI Industry Operations

2 weeks ago

written by

BEIJING, Feb. 5, 2026 /PRNewswire/ — The United Nations International Digital Economy Governance and Leadership Capacity Building Programme officially opened at Beijing Electronic Digital & Intelligence (BEDI). A delegation of 34 ministerial and municipal representatives from 17 countries visited the Beijing Digital Economy Computing Power Center, which is planned and operated by BEDI. Through a combination of site visits and case‑based learning, the delegates systematically studied BEDI’s proven experience and implementation pathways in translating urban AI infrastructure into sustainable productivity.

The program was co-hosted by the United Nations Institute for Training and Research (UNITAR), the Global Digital Economy City Alliance (DEC40), the Beijing Municipal Bureau of Economy and Information Technology, and the Administrative Committee of Beijing Economic-Technological Development Area, and was organized by the Global SDGs and Leadership Development Center. Guided by the UN Sustainable Development Goals (SDGs) and the Global Digital Compact, this program aims to share China’s successful practices in digital economy governance, support developing countries in strengthening digital transformation capabilities, and jointly foster an equitable, inclusive, and sustainable global digital ecosystem.

On the day of the event, Zhao Hongyu, Vice President of Strategic Consulting at BEDI, joined academic experts from the Global SDGs and Leadership Development Center for an in-depth discussion on “scaling AI adoption”, focusing on how cities can progress from investing in computing power to acquiring AI capabilities.

Against the backdrop of the comprehensive advancement of AI+ Initiative, and addressing the reality that cities vary widely in development levels and industrial structures, BEDI leverages the full‑stack capabilities of its “Spark • Platform” and adheres to a “one‑strategy‑per‑locality” industrial‑operation approach to precisely address the pain points of urban digital intelligent transformation. Zhao Hongyu shared the example of City J’s AI productivity construction, where the Spark • Grand Platform deeply integrates the full‑stack “data‑computing‑model‑application” capabilities with tailored “industrial operation” expertise, delivering a “1+4+N+6” AI productivity‑building solution that meets local needs. Centered on building a city‑level AI foundation, the solution creates an AI commercial closed‑loop through dynamic computing‑power allocation and drives industrial innovation through ecosystem enablement, accurately empowering six major fields including technology, industry, and government services to efficiently advance local digital intelligence upgrading.

Powered by the innovative “data‑computing‑model‑application + industrial operation” model of the Spark • Platform, BEDI has established multi-industry partnerships with more than 20 cities. On site, Zhao Hongyu demonstrated BEDI’s benchmark AI practice cases across various domains, including batch AI video generation for e-commerce and short-form video, AI-personalized home renovation design for the home furnishing industry, AI‑powered digital profiles for city tourism and cultural creativity, and AI courses for key primary and secondary schools in Beijing. To date, BEDI has formed a diversified enablement landscape spanning AI+ healthcare, government services, education, manufacturing, cultural tourism and more, achieving deep integration of technology and industry.

While strengthening China’s domestic AI industry ecosystem, BEDI continues to refine replicable and scalable urban digital intelligence solutions, offering reference models for global urban AI development. Looking ahead, BEDI will further deepen cooperation with the United Nations and other international organizations, with a focus on cutting-edge fields such as trustworthy AI, secure data flows, and green digital transformation.

Through technology sharing, experience exchange, and talent empowerment, BEDI is committed to extending the benefits of digital economy development to more countries and contributing China’s expertise to the advancement of the global digital ecosystem.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/un-representatives-from-17-nations-visit-bedi-to-study-chinas-leading-practices-in-urban-ai-industry-operations-302680022.html

SOURCE Beijing Electronic Digital & Intelligence (BEDI)

The post UN Representatives from 17 Nations Visit BEDI to Study China’s Leading Practices in Urban AI Industry Operations appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

PR Newswire

Sungrow to open factory in Europe, strengthening local capabilities

2 weeks ago

written by

MUNICH, Feb. 5, 2026 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system (ESS) provider, today announced a milestone deployment in the European market with the establishment of its first manufacturing facility in Wałbrzych, Lower Silesia. The 65,400 m² facility represents an investment of €230 million and contributes to the development of a robust European clean energy manufacturing ecosystem. The factory is scheduled to become operational within the next 12 months and is expected to create 400 new jobs in the region, fostering local expertise in the renewable energy sector.

Sungrow EU factory (PRNewsfoto/Sungrow)

“This new facility marks an important milestone for Sungrow in Europe. It allows us to be closer to our customers, respond more effectively to market needs, and will be a cornerstone of Sungrow’s strategy to bolster European supply-chain stability while creating skilled employment,” said Shawn Shi, President of Sungrow Europe.

Stronger clean energy value chain in Europe

The facility is designed to support large-scale production, with an annual capacity of up to 20 GW for inverters and 12.5 GWh for energy storage systems (ESS). It will integrate advanced manufacturing and quality-assurance capabilities, ensuring high standards of product performance, reliability, and safety.

Marcin Lerner, President of the Management Board of the Wałbrzych Special Economic Zone, said: “As the Wałbrzych Special Economic Zone, we are constantly building a friendly ecosystem for the development of regional, national and international business. The Sungrow investment highlights Poland’s growing strategic importance within Europe’s clean-energy value stream and shows that Poland, including the industrialized and high-tech developed region of Lower Silesia, is one of the most attractive locations in Europe to scale renewable energy technologies- thanks to public support programs, stable economic growth, accessibility to technical universities and qualified employees.

In addition to strengthening local production, the facility will enhance Sungrow’s logistics capabilities across Europe by locating key manufacturing activities closer to customers, reducing lead times and enabling more efficient distribution. This will support greater efficiency and resilience across the region’s clean energy value chain.

Shawn Shi added: “Lower Silesia’s history of skilled technical expertise in electronics, automation and advanced manufacturing made it the prime location for our new factory. We intend to hire locally to tap into this expertise, as we live our commitment to grow with the communities we serve.”

Global expertise and local footprint

Active in Europe since 2005 and being an own legal entity in 2011, Sungrow Europe has expanded its regional presence to twenty-five local representative offices, two R&D centers, twenty-six warehouses, and three Training & Technology Competence Centers and Service Centers in the region, with its European headquarters located in Munich, Germany.

If you would like to learn more about the new factory in Poland, please click here.

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of June 2025, Sungrow has installed 870 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: https://www.sungrowpower.com/en

SOURCE Sungrow

The post Sungrow to open factory in Europe, strengthening local capabilities appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

PR Newswire

Stegra appoints Markus Holm as CFO

2 weeks ago

written by

STOCKHOLM, Feb. 5, 2026 /PRNewswire/ — Stegra has appointed Markus Holm as Chief Financial Officer, starting March 1, 2026. Holm joins Stegra with over 20 years’ experience from processing industry, green energy and start-ups.

Markus Holm will succeed Otto Gernandt, who is stepping down after more than five years with the company to pursue new opportunities. To ensure a smooth transition, Gernandt will remain with Stegra as a senior advisor.

Holm has a long background from CFO- and executive roles in multinational companies as well as start-up firms, active in industries ranging from paperboard, tissue papers and pulp to pharmaceuticals and green energy. His most recent role is as CFO and Board Member of Elcogen Group, and before that roles include CFO and COO of Sanoma Corporation as well as CFO of Metsä Board and Metsä Tissue Corporation.

“Markus’ experience is a great fit for an industrial impact scale up company like Stegra. Beyond his long and broad professional experience, he also has values that align with what we appreciate in our leadership and our teams. I am very glad to have Markus join Stegra and the management team”, says Henrik Henriksson, CEO at Stegra.

Otto Gernandt joined Stegra in 2020 as a founding member of the management team. He has been responsible for the company’s groundbreaking financing and has been an integral part of Stegra’s commercial efforts, including the establishment of the green steel market. In his role as senior advisor, Gernandt will focus on the ongoing funding initiatives.

“Otto has been with Stegra from the beginning and has played a leading role in the realization of our vision. He informed us some time ago of his intention to move on, and we have worked together over a long period of time to plan for this transition. We appreciate that he will continue to provide support as we complete the ongoing financing, and we wish him well in his future endeavors”, says Henriksson.

Stegra was founded in 2020 and started construction of the integrated plant for green hydrogen, green iron and green steel in 2022, after initial funding and permitting processes. The company has now completed a lot of the civil works at the plant and is focusing on engineering and equipment installation in the hydrogen area, the iron area and the steel mill, as well as the water treatment plant and the on-site power plant. Railway on the site is also under construction.

CONTACT:

For more information, contact: Karin Hallstan, Head of Communications, Stegra at press@stegra.com or +46 76 842 81 04

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/stegra/r/stegra-appoints-markus-holm-as-cfo,c4303120

The following files are available for download:

https://mb.cision.com/Main/20623/4303120/3918832.pdf	Stegra appoints Markus Holm as CFO_Final
https://news.cision.com/stegra/i/2026-01-markus-holm,c3508117	2026-01 Markus Holm

View original content:https://www.prnewswire.co.uk/news-releases/stegra-appoints-markus-holm-as-cfo-302680015.html

The post Stegra appoints Markus Holm as CFO appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

PR Newswire

Mumbai Climate Week spotlights extreme heat with Naseeruddin Shah and Civic Studios short film ‘It’s Only 47°C’

2 weeks ago

written by

MUMBAI, India, Feb. 5, 2026 /PRNewswire/ — Mumbai Climate Week (MCW), India’s first citizen-led climate conference and a new Global South platform for climate solutions, deepened its focus on urban resilience and extreme heat through a special film screening in the run-up to its three-day convening from 17–19 February 2026 at the Jio World Convention Centre. The event brought climate storytelling into the city’s cultural spaces, ahead of MCW sessions on urban resilience, food systems, and energy transition.

Mumbai Climate Week spotlights extreme heat with Naseeruddin Shah and Civic Studios short film ‘It’s Only 47°C’

The film stars award-winning actor Sharib Hashmi and is written and directed by Tej Sisodia, produced by Naseeruddin Shah, Anushka Shah & climate expert Harish Borah, and anchored by a powerful poem by Swanand Kirkire. “I would not think twice before supporting such a project because it is made out of such honest concern and conviction,” said Naseeruddin Shah, producer of the film.

Held as part of Mumbai Climate Week’s run-up activities, the event featured Civic Studios’ short film It’s Only 47°C followed by a conversation with the creative team and climate voices on how popular media can shift public understanding of climate risks like extreme heat and inspire everyday action. It’s Only 47°C explores climate inequality through the character of traffic constable Laxman Chaubey; in a city pushed to a breaking point by extreme heat, an exhausting shift reveals a brutal truth that climate change is not endured equally.

“When citizens come together, change follows. The solutions that work don’t always emerge from conference halls – they often begin in neighbourhoods, in stories, and in the lives of people who face climate risks first-hand,” said Shishir Joshi, CEO & Co Founder of Project Mumbai & Founder of Mumbai Climate Week. “Mumbai Climate Week is designed as a citizen-led platform where policy connects with people and climate action moves beyond talk and diplomacy into real, scalable solutions that communities can own.”

It’s Only 47°C is part of Civic Studios’ larger movement to use compelling storytelling to spark public engagement and drive climate awareness and action. The film sits within Civic Studios’ Climate Media Ecosystem, a multi-platform approach that includes children’s animation adapted from Indian environmental books, the rural audio series Haat Baat, collaborations with social media creators, and a GBP 1 million (approximately INR 10 crore) Climate Media Fund to integrate climate messaging into mainstream films and series. “As Civic Studios we came onboard to produce this film because of its stark reminder that heat doesn’t affect the rich and the poor equally. The film is part of our larger slate of climate change stories to help galvanise climate action urgently,” said Anushka Shah, Founder, Civic Studios.

More activities are planned in the run-up to Mumbai Climate Week, including a special screening of Turtle Walker on 9 February at the National Gallery of Modern Art (NGMA), Mumbai.

About the short film

It’s Only 47°C is a short film set against an unforgiving urban heatwave, following a traffic constable whose everyday routine exposes how extreme heat is endured very differently across class lines. Through quiet, observational moments, the film reveals the invisible labour and physical toll borne by those most exposed to rising temperatures.

About Mumbai Climate Week (MCW)

Scheduled for February 17th to19th, 2026, MCW marks India’s first platform dedicated to accelerating climate action across Mumbai, India, and the Global South. MCW brings together climate-focused organizations, movements, and innovators to spotlight scalable, locally rooted climate solutions, positioning Mumbai as a leading voice for climate action in the Global South.

About Civic Studios

Civic Studios is a women-led production house with a 70% female team with offices in Mumbai & London.

This year, Civic Studios has been experimenting boldly and intentionally with how climate stories are told, who they reach, and where they live. Instead of only focusing on climate crisis narratives, its work centers stories of resilience, adaptation, and just transition, meeting people where they already are: classrooms, social media, radio, and mainstream films and TV shows.

Photo: https://arah.my/wp-content/uploads/2026/02/MCW.jpg

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/mumbai-climate-week-spotlights-extreme-heat-with-naseeruddin-shah-and-civic-studios-short-film-its-only-47c-302680005.html

The post Mumbai Climate Week spotlights extreme heat with Naseeruddin Shah and Civic Studios short film ‘It’s Only 47°C’ appeared first on The Malaysian Reserve.

2 weeks ago 0 comments

Newer Posts

Older Posts