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TMR

Ambest jumps 32% on ACE debut

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AMBEST Group Bhd made its ACE Market debut today, opening at 29 sen a share after pricing its IPO at 25 sen, raising RM27.5 million and giving the group a market valuation of RM168 million.

The Penang-based engineering support provider, serving the semiconductor industry, plans to use RM12 million of the proceeds to repay borrowings linked to its Facility 42A acquisition, RM3.9 million for new machinery, RM6.8 million for working capital, and RM4.8 million for listing expenses.

Its MD Tan Beng Beng described the listing as a natural progression for the group, which has expanded into other industrial segments since 2011.

The company’s public issue tranche was oversubscribed 46.07 times, and its shares are Shariah-compliant. — TMR

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News

Over 138,000 undocumented migrants repatriated as Immigration collects RM77m in fines

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MORE than 138,000 undocumented migrants have been sent back to their home countries, with RM77 million collected in fines and compounds since May 2025 under the Migrant Repatriation Programme (PRM 2.0).

Deputy Director-General (DG) of Immigration (Operations) Datuk Lokman Effendi Ramli said the figure forms part of the 155,000 undocumented migrants who have participated in the programme so far, which runs from May 2025 until April this year, Utusan Malaysia reported.

“Bangladeshi nationals recorded the highest participation in the PRM 2.0, followed by Indonesians,” he said at a press conference after an operation at a shopping mall in Cheras.

He said the programme allows undocumented migrants to return home legally and in an orderly manner, urging them to come forward before it ends.

“After the programme closes, anyone who overstays or does not have valid visas and permits will be subject to legal action,” he stated.

Lokman Effendi said participation is expected to rise towards the final phase of the programme, based on past experience.

“Usually, when the deadline is approaching, the number of participants will increase,” he said.

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Markets News

WCT Holdings plans RM5b sukuk programme

3 days ago

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WCT Holdings Bhd has proposed a RM5 billion sukuk wakalah programme to issue senior and perpetual shariah-compliant Islamic notes.

The proceeds will fund corporate needs, refinancing, and general investments within the group.

The programme has received preliminary ratings of A+IS and A-IS from MARC, with flexibility to include Sustainability-linked sukuk.

The first issuance is expected within 90 business days. — TMR

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News World

Global Sumud Flotilla says will send largest humanitarian mission to Gaza on March 29

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(Photo by Ognjen Markovic / Anadolu via AFP/File)

MOSCOW — The Global Sumud Flotilla activist group announced its intention to send its largest humanitarian mission to Gaza on March 29 by sea and land, Sputnik/RIA Novosti reported.

In December 2025, the group announced it was preparing to significantly expand its aid mission to the Gaza Strip in the spring of 2026 and send over a hundred vessels there.

“Today, the Global Sumud Flotilla announced the largest coordinated humanitarian intervention for Palestine in history. On March 29, 2026, a unified maritime flotilla and overland humanitarian convoy will depart simultaneously, mobilising thousands from over 100 countries in a coordinated, nonviolent response to genocide, siege, mass starvation, and the destruction of civilian life in Gaza,” the organisation said in a statement on Thursday.

The naval flotilla will reportedly depart from Barcelona, Italy, Tunisia, and other Mediterranean countries, while the land convoy will travel toward Gaza from North Africa.

The mission includes more than 1,000 medical personnel, as well as educators, engineers, reconstruction teams, war crimes and ecocide investigators, and legal observers documenting violations of international law, the statement added. — BERNAMA-SPUTNIK/RIA NOVOSTI

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News

KPKM: DVS approves pork imports from Thailand, Brazil for CNY

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PUTRAJAYA — The Department of Veterinary Services (DVS) has approved the import of pork from Thailand and Brazil to meet domestic demand during the Chinese New Year celebration this year.

The Ministry of Agriculture and Food Security (KPKM) said the government remains attentive to ensuring adequate pork supplies to support local needs during the festive season.

“Therefore, local importers are advised to refer to the DVS official website at https://www.dvs.gov.my/ for the list of approved abattoirs, three in Brazil and four in Thailand, for import purposes,” the ministry said in a statement today.

KPKM stated that all imported pork is subject to strict food safety controls and veterinary health standard operating procedures to ensure a safe food supply chain and reduce the risk of disease transmission.

The ministry added that these measures reflect its continued commitment to strengthening national food security and safeguarding consumer interests. — BERNAMA

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News

Takiyuddin: Pas to nominate top leader as PN chairman

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PAS has put forward a top party leader who is also a Member of Parliament as its nominee for the position of Perikatan Nasional (PN) chairman, with the name expected to be presented at the coalition’s Supreme Council meeting after Feb 19.

According to Utusan Malaysia, PAS secretary-general Datuk Seri Takiyuddin Hassan (picture) said the party has already identified a candidate but declined to disclose the individual’s identity, noting only that the nominee is a top party leader and a sitting MP.

“The candidate for the position is already in place. When PAS leads PN, we will put forward the name.

However, for now, the matter cannot be announced yet,” he said when met by reporters after delivering a special message behind closed doors to the people of the Bunut Payong State Legislative Assembly (DUN) here yesterday.

Takiyuddin, who is the Kota Bharu MP, stressed that the PN Supreme Council is the coalition’s highest body and that all major decisions, including the appointment of the chairman, must be decided through its meetings in line with provisions outlined in PN’s constitution.

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News

16 ministries conclude debate on motion of thanks for royal address

4 days ago

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KUALA LUMPUR — The third week of the Dewan Rakyat sitting saw 16 ministries winding up debate on the motion of thanks for the royal address, which began on Wednesday after two weeks of debate by MPs.

The winding-up session began with the Finance Ministry, followed by seven others, including Communications, Transport and Housing and Local Government, and continued on Thursday with eight more, including Defence and Education.

The Dewan Rakyat session also focused on a special briefing by Prime Minister Datuk Seri Anwar Ibrahim on Wednesday, clarifying the Malaysia-Indonesia border issue in Sabah and Kalimantan.

Anwar explained that the determination of the Malaysia-Indonesia land border is not based on compensation, reciprocity or profit-and-loss considerations, stressing that the border determination is fully grounded in international conventions, laws and agreements, specifically two conventions and one key agreement governing the entire Sabah and Sarawak boundary.

He said the instruments involved are the 1891 Boundary Convention between the British and Dutch governments covering Sabah and Sarawak; the 1915 Boundary Agreement between the British and Dutch governments specific to Sabah; and the 1928 Boundary Convention signed in The Hague on March 26, 1928, covering a small sector in Sarawak.

The Prime Minister firmly rejected claims that Malaysia handed over 5,207 hectares of land to Indonesia as compensation for three villages in Nunukan near the Sabah-Kalimantan border, calling them false and misleading.

“Resurveying and re-marking the Malaysia-Indonesia border in the Outstanding Boundary Problem (OBP) areas at Sungai Sinapad and Sungai Sesai has secured Malaysia an additional 780 hectares.

“That additional land means Kampung Kabulangalor, Kampung Lepaga, and Kampung Tetagas are now within Malaysian territory,” he said.

This week, the Dewan Rakyat did not sit on Monday and Tuesday due to the Thaipusam and Federal Territory Day holidays.

Over the two-day sitting, MPs raised issues that ministers addressed, including Orang Asli concerns amid digitalisation, the takeover of Bintulu Port, the benefits of the Sumbangan Asas Rahmah (SARA) programme, and a proposed online business licence.

Deputy Finance Minister Datuk Seri Amir Hamzah said SARA aid is credited to recipients’ identity cards and can be spent at registered partner stores on 14 categories of essential goods.

“Spending through SARA in the domestic market reached RM4.8 billion in 2025, with 99 per cent of recipients using the facility,” he said.

Meanwhile, Deputy Home Minister Datuk Seri Dr Shamsul Anuar Nasarah said the government assures that all policies, including digitalisation of services in the security sector, will not affect the interests or future of communities, including the Orang Asli.

The Ministry of Domestic Trade and Cost of Living (KPDN) plans to introduce a more comprehensive dispute-resolution framework through an integrated online dispute-resolution (ODR) platform.

The Dewan Rakyat sitting runs for 20 days, concluding on March 3. — BERNAMA

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Business News

Bank Islam appoints Raja Teh Maimunah as GCEO

4 days ago

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KUALA LUMPUR — Bank Islam Malaysia Bhd (Bank Islam) has appointed Raja Datin Paduka Teh Maimunah Raja Abdul Aziz as its group chief executive officer (GCEO), effective April 1, 2026, succeeding Datuk Mohd Muazzam Mohamed, who retired early in December 2025.

In a statement, the bank said the appointment follows a rigorous search process, during which the board evaluated a wide pool of highly qualified candidates in line with corporate governance and regulatory requirements.

Bank Islam chairman Tan Sri Ismail Haji Bakar said Raja Teh Maimunah’s leadership in Islamic finance and digital innovation aligns with the bank’s strategic goals.

“The board is confident that under her leadership, the group will strengthen its market position, drive innovation, and deliver sustainable value to stakeholders while upholding the highest standards of integrity and Shariah compliance,” he said.

He added: “Raja Teh Maimunah will lead the group’s next phase of digital adoption and transformation, bridging digital expertise with Bank Islam’s long-standing pioneering role in Islamic finance.”

Raja Teh Maimunah holds a Bachelor of Laws (Hons) and an Honorary Doctor of Law from the University of East London. She is a Fellow of the Chartered Banker Institute and a Chartered Professional in Islamic Finance (CPIF).

Before joining Bank Islam, she was CEO of Malaysia’s first Islamic digital bank, AEON Bank (M) Bhd, where she oversaw the development of its cloud-native infrastructure, setting a benchmark for Shariah-compliant digital innovation.

Her 30-year career includes senior roles at leading financial institutions, including managing director of Wholesale Banking at AmBank Group, CEO of Hong Leong Islamic Bank, and Global Head of Islamic Markets at Bursa Malaysia, where she launched Bursa Suq Al-Sila’, the world’s first fully Shariah-compliant commodity trading platform. — BERNAMA

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PR Newswire

OTM 2026, Asia’s Leading Travel Show, Opens in Mumbai as India Becomes Global Tourism Powerhouse

4 days ago

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OTM, organised by Fairfest Media Limited, returns to Mumbai, bringing together global destinations, tourism ministers, hotels, airlines and the tourism ecosystem from 60+ countries

MUMBAI, India, Feb. 6, 2026 /PRNewswire/ — OTM 2026, Asia’s leading travel trade show, officially opened today at the Jio World Convention Centre, Mumbai, bringing together the global travel and tourism ecosystem at a time when India has firmly emerged as one of the world’s most strategically important outbound travel markets. Recognised by NielsenIQ as the Leading Travel Trade Show in India and Asia for two consecutive years, OTM 2026 is hosting over 2,200 exhibitors from more than 60 countries, with 45+ National Tourism Organisations participating and over 50,000 travel trade visitors and 1,000+ top travel industry professionals participating over the three days.

With the increase in the number of exhibitors and visitors, OTM has become the most internationally diverse and largest event of its type ever organized in the region.

Event Highlights

Exhibitor Showcase:
Over 2,200 exhibitors from 60+ countries, representing national and state tourism boards, airlines, hotels and resorts, destination management companies, cruise operators, attractions, and travel technology providers.
Global Participation:
Strong representation from Europe, Africa, Asia, the Middle East, the Americas and Oceania, including long-standing outbound markets and a growing number of emerging and experiential destinations engaging with India as a priority growth market.
High-Quality Buyer Access:
More than 50,000 trade visitors, including 1,000+ hosted and VIP buyers, enabling focused B2B engagement across leisure, corporate travel, MICE, weddings and niche travel segments.
Structured Business Engagement:
Over 50,000 pre-scheduled B2B meetings expected across the three days, reinforcing OTM’s positioning as a platform built for measurable business outcomes.
Leadership & Knowledge Exchange:
The OTM Forum brings together policymakers and senior industry leaders from across the global travel ecosystem, including executives from MakeMyTrip, Cleartrip, Thomas Cook India, SOTC Travel, Paytm, TBO.com, Google India, Deloitte, Reliance Industries, Aditya Birla Group, Godrej Industries, VFS Global, IHCL, and leading national tourism boards and airlines. Through a series of high-level panels and closed-door discussions, the Forum examines outbound travel growth, destination competitiveness, corporate travel evolution, distribution, marketing, technology, and the changing expectations of the Indian traveller.
‘Unlocking EU–India Opportunities for Tourism and Hospitality’ organised in collaboration with European institutional partners. The session brings together senior industry leaders including Rajeev Kale, President & Country Head, Thomas Cook India Ltd.; Anahita Avari, Head of Sales, South Asia, VFS Global; Aparna Chaturvedi, Country Head, Europamundo; and Delna Jasoomoney, Vice President – Travel Industry Sales, IHCL, and is moderated by Vijayata N. Raheja, COO, K Raheja Group.

India moves to the centre of global destination strategy

The inauguration of OTM 2026 marks a defining moment in the global travel industry’s engagement with India. Once viewed primarily as an emerging market, India has now become a central growth market, driven by rising disposable incomes, expanding international connectivity, and a growing appetite for long-haul, experiential, and high-value travel. This shift is visibly reflected at OTM 2026, where destinations are engaging with India through high-value, long-term trade promotions.

Inaugural programme sets the tone for OTM 2026

Day 1 of OTM 2026 commenced with the official inauguration of the exhibition, followed by a VIP walk-around and exhibitor interactions, leading into the flagship Inaugural Programme titled ‘India Takes Its Place on the Global Travel Stage.’ The show was inaugurated by Datuk Manoharan Periasamy, Chairman, Tourism Malaysia, Richard Duval, Minister of Tourism of Mauritius; H.E. Dato Sri Abdul Karim Rahman Hamzah, Minister for Tourism, Creative Industry and Performing Arts, Sarawak; and Hon. Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Sri Lanka, and was moderated by Tanya Khanijow.

The afternoon programme included the CEOs’ Lunch, followed by the panel ‘India at 100 Million: The Global Race to Capture the Next Big Traveller Wave,’ bringing together destination leaders Christian Schoch (Switzerland Tourism), Dinesh Burrenchobay (Mauritius Tourism Promotion Authority), Gary Hendricks-Dominguez (Cayman Islands Department of Tourism), Islom Ibragimov (Tourism Committee of Uzbekistan), Nuwal Fadhilah Binti Ku Azmi (Tourism Malaysia) and Sheetal Munshaw (Atout France). The day concluded with a market-focused discussion on demand and disruption in India’s online travel market, featuring CXOs from Cleartrip, MakeMyTrip and Paytm Travel, moderated by Virendra Jain (VIDEC).

Global destinations deepen engagement with India

OTM 2026 features strong official participation from destinations across Europe, Africa, Asia, the Middle East, the Americas and Oceania. With nearly 50 global tourism boards officially participating at OTM, this edition reflects the deepest engagement the global tourism ecosystem has had in the subcontinent. Alongside long-standing outbound markets, several destinations that were once considered niche or aspirational for Indian travellers are now engaging with India as their next major growth market, with many participating exclusively at OTM 2026.

Malaysia Airlines anchors aviation connectivity at OTM 2026

Reflecting on the critical role of aviation in unlocking outbound growth, OTM 2026 also features Malaysia Airlines as the Partner Airline, with a prominent presence at the exhibition. The airline is showcasing its network connectivity, premium offerings and India-focused travel solutions, reinforcing the importance of strong air links in supporting India’s expanding global travel footprint and facilitating access to destinations across Southeast Asia and beyond. Several other leading airlines including Air India are participating in a major way.

From exhibition floor to industry dialogue

Beyond destination and airline participation, OTM 2026 continues to strengthen its positioning as a focused B2B market-access platform designed to deliver measurable business outcomes. The exhibition brings together leading hotels and resorts, destination management companies, cruise operators, travel technology providers and specialised travel segments, enabling structured engagement through pre-scheduled meetings, on-ground interactions and curated networking.

Structured engagement remains central to the platform, with 50,000+ pre-scheduled B2B meetings expected over the three days, enabling targeted, outcome-driven conversations between exhibitors and buyers.

As part of its broader international vision, Fairfest Media has recently expanded its global portfolio with the acquisition of WTE Miami, extending its market-access platform beyond Asia and strengthening the bridge between India, Asia and the Americas.

What lies ahead over the next two days

Across Days 2 and 3, the agenda moves into sharper, segment-led conversations spanning leisure demand, corporate travel, weddings, marketing and distribution. Day 2 examines changing Indian traveller motivations through ‘Vibe Traveling – Aesthetics, Experiences and the New Indian Narrative,’ and deep-dives into business mobility with ‘Building India’s Corporate Travel Ecosystem: A $20B Journey,’ alongside a buyer-led session on what India’s top corporate travel buyers expect from the industry today. The programme also expands into destination weddings through WeddingSutra Engage, and explores experience-led travel and commercial growth through sessions such as ‘Live Tourism’ and ‘The Future of Travel Marketing: AI, Personalisation and Loyalty Shifts.‘ Day 3 turns the focus to distribution power and trade evolution through ‘The New Power of the Intermediary’ and ‘Inside India’s Travel Trade: What’s Changed, What’s Working, What’s Next,’ before concluding with the Valedictory and Awards Function.

Commenting at the inauguration, Sanjiv Agarwal, Chairman & CEO, Fairfest Media Ltd., said, “OTM was created to reflect the reality of global travel today, where India is no longer an emerging opportunity but one of the most sought-after and strategic travel markets globally. The participation we see at OTM 2026, from established destinations to emerging and exotic ones, clearly demonstrates how the world is repositioning itself around the Indian traveller. OTM continues to serve as the leading travel show in Asia – one where this engagement takes shape in a focused, world-class setting.“

Over the three days, the Forum continues with a series of closed-door and open sessions examining outbound travel growth, destination strategy, aviation connectivity, corporate travel, emerging markets and the future of travel distribution.

The detailed agenda is available at https://meetingdiary.otm.co.in/agenda?date=2026-02-06

Event Details
OTM 2026
Dates: 5, 6 & 7 February 2026
Venue: Jio World Convention Centre, Mumbai
Organiser: Fairfest Media

About OTM and Fairfest Media:

OTM is Asia’s leading travel trade platform, connecting global travel suppliers with India and Asia’s fastest-growing travel markets through large-scale exhibitions, curated buyer programmes and structured B2B engagement.

OTM is organised by Fairfest Media. Founded in 1989, Fairfest Media is a global trade show organiser and media company, providing platforms for doing business in the world’s fastest-growing markets. Fairfest recently acquired WTE Miami, the fastest-growing travel show in the United States, which will be held at the Miami Beach Convention Centre on the 27th and 28th of October, 2026.

For more information, please visit: https://otm.co.in/.

Media Contact: Tanya, tanya@fairfest.in

Photo: https://arah.my/wp-content/uploads/2026/02/Inauguration_Ceremony_at_OTM_2026.jpg

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PR Newswire

BlueNord: Preliminary Production for January 2026

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OSLO, Norway, Feb. 6, 2026 /PRNewswire/ — BlueNord ASA, (“BlueNord” or the “Company”) has today announced its preliminary production figures for January 2026. In January 2026, the preliminary production was 43.1 mboepd net to the Company.

The Tyra hub delivered an average production of 22.4 mboepd net to BlueNord. On 25 January, a gas production rate of 227 mmscfpd was achieved, representing the highest daily gas export since the restart of the Tyra hub. Production during January was impacted by two temporary issues, both of which were resolved within 24 hours. Work to further improve reliability and optimise production performance continues, with targeted actions being implemented following detailed technical reviews undertaken by the operator in the fourth quarter of 2025. These actions are expected to support continued improvement in operational stability through 2026 and provide increased confidence in Tyra’s ability to sustain higher production rates over time.

The base assets Dan, Gorm, and Halfdan delivered 20.7 mboepd net to the Company. Production from Dan and Halfdan was strong, with preliminary operational efficiency above 90%. On Gorm, issues with the lift gas compressor affected early month performance. After resolving the issues, Gorm production recovered, demonstrating production potential above expectations.

BlueNord will announce its fourth quarter 2025 results on 24 February 2026.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

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

https://news.cision.com/bluenord-asa/r/bluenord–preliminary-production-for-january-2026,c4303648

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