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Nessum Technology Expands Into HVAC, Smart Grid Applications

KUALA LUMPUR, Aug 26 (Bernama) -- Nessum Alliance has expanded Nessum technology in commercial heating, ventilation, and air conditioning (HVAC) and smart grid applications through deployments by Alliance members Daikin Industries Ltd and Power Plus Communications AG (PPC).

IPPFA Raises Malaysia’s 2026 GDP Growth Forecast To 5.4 Pct

KUALA LUMPUR, Aug 26 (Bernama) -- Financial advisory firm IPPFA Sdn Bhd has raised Malaysia's gross domestic product (GDP) growth forecast for 2026 to 5.4 per cent from 4.6 per cent previously.

Coventry’s LILY Programme Reaches US$1 Bln In Life Insurance-Backed Financing

KUALA LUMPUR, Aug 26 (Bernama) -- Coventry has announced the successful completion of its fourth asset-backed securitisation since April 2025 under its LILY programme, bringing total life insurance-backed financing across the platform to US$1 billion. (US$1=RM4.03)

Vocalbeats.AI Applications Reach Top-Grossing Charts Globally

KUALA LUMPUR, Aug 26 (Bernama) -- Vocalbeats.AI announced that its flagship applications, Owll and Owll Translator, have built international momentum with leading positions on their respective Apple App Store top-grossing charts across North America, Europe and Asia-Pacific.

Bank Islam Net Profit Up 9.8 Pct To RM139.12 Mln In 2Q

KUALA LUMPUR, Aug 26 (Bernama) -- Bank Islam Malaysia Bhd's net profit for the second quarter ended June 30, 2026 (2Q 2026) rose by 9.8 per cent to RM139.12 million from RM126.68 million a year ago, driven by higher net income and lower total overheads. 

UOB Malaysia Completes Malaysia's First Brokered MYOR-based Interbank Transaction With RHB, Maybank 

KUALA LUMPUR, Aug 26 (Bernama) -- UOB Malaysia, RHB Banking Group (RHB) and Malayan Banking Bhd (Maybank) have successfully executed the first Malaysia Overnight Rate (MYOR)-based three-month interbank money market transaction, incorporating a two-day lookback calculation convention. 

Digital Realty Secures Provisional 50 MW For Singapore Data Centre

KUALA LUMPUR, Aug 26 (Bernama) -- Digital Realty has been selected under Singapore’s second Data Center Call for Application (DC-CFA2), with a provisional allocation of 50 megawatts (MW) to develop a new data centre at Jurong Town Corporation’s low-carbon data centre park on Jurong Island.

X Square Robot Sorts 10,000 Parcels In Five-Hour WRC Challenge

KUALA LUMPUR, Aug 26 (Bernama) -- X Square Robot, a Shenzhen-based embodied artificial intelligence (AI) company, announced its WALL-B robotic system sorted 10,000 parcels in five hours, 14 minutes and one second during a logistics challenge at the 2026 World Robot Conference (WRC) in Beijing.

Sunway Theme Parks Working Closely With Authorities, Expresses Regret On Incident

KUALA LUMPUR, Aug 25 (Bernama) -- Sunway Theme Parks says that it is currently working closely and fully cooperating with all relevant authorities as they conduct a thorough investigation into the incident involving an attraction at Sunway Lagoon on Saturday, which affected 10 guests.

Asia-Pacific Region To Grow 4.2 Pct; AI Boom To Cushion Headwinds

KUALA LUMPUR, Aug 25 (Bernama) -- Moody’s Analytics expects growth across the Asia-Pacific region to moderate to 4.2 per cent this year from 4.3 per cent in 2025, before slowing further to 3.6 per cent next year, as higher prices and tighter policy weigh on demand.

Malaysia Carves Premium Niche In Asia's Digital-Infra Race - Economist

By Nor Baizura Basri

KUALA LUMPUR, Aug 25 (Bernama) -- Malaysia is carving out a premium niche in Asia's digital-infrastructure race, combining scalable power, connectivity, execution speed, industrial depth and hyperscale capital, says an economist.

Sidec’s Selangor Triple Accelerator Programme Showcases 90 Startups

KUALA LUMPUR, Aug 24 (Bernama) -- The Selangor Triple Accelerator Programme 2026 Showcase, held from Aug 18 to 20, provided 90 startups with a platform for live pitching, product showcases and industry engagement, enabling them to build, refine and strengthen their businesses.