Chin Hin Group Property (“CHGP”) has officially marked a major milestone in its residential portfolio with the successful topping out of Ayanna Resort Residences in Jalan Mas, Bukit Jalil. The structural completion of the project’s residential towers signals the transition into the final stages of construction, keeping the project firmly on track for handover in Q2 2027.
Spanning two high-rise towers across 4.9 acres of freehold land—Block A (42 storeys, 333 units) and Block B (44 storeys, 491 units)—Ayanna Resort Residences comprises 824 units designed for modern, multi-generational living.
The development has achieved a stellar 95% take-up rate prior to reaching its structural peak, reflecting strong market confidence and sustained demand for thoughtfully designed homes. In addition, this award-winning project has also earned the GreenRE Certification in recognition of its energy-efficient, environmentally sustainable design and green building practices, meeting the expectations of today’s sustainability-conscious homebuyers.
With a Gross Development Value (GDV) of RM732.1 million, the project reinforces its position as a standout premium residential offering in the market.
Reflecting on the milestone, CHGP Executive Director Chang Tze Yoong said, “Reaching the structural topping-out milestone of Ayanna Resort Residences marks a pivotal chapter for Chin Hin Group Property. The overwhelming 95% take-up rate reflects the trust homebuyers have placed in our commitment to quality, innovative layout concepts, and timely delivery.
“We designed Ayanna Resort Residences with the warmth of Malaysian community living in mind, blending resort-style leisure with sustainable design and nature-inspired landscapes. As we celebrate this topping-out milestone today, we remain firmly committed to delivering a vibrant, sustainable sanctuary that families can proudly call home for generations to come,” Chang added.
Following the completion of structural works, construction focus now shifts to architectural façade installation, exterior envelope finishing, electrical and mechanical (M&E) fittings, and interior unit fit-outs. In tandem, landscape construction across the 1.3-acre recreational park and interactive stream hub will also commence.
CHGP remains steadfast in upholding rigorous quality control and safety standards as the project moves steadily toward completion and unit handover in Q2 2027.
The Penang Convention & Exhibition Bureau (PCEB) is set to launch the inaugural Pearl Global Business Awards 2026, a prestigious, stateendorsed platform celebrating excellence, leadership and meaningful contributions across the key industries shaping Penang’s economic growth and global reputation. The Pearl Global Business Awards 2026 is an official recognition initiative by the Penang State Government, conceptualised by the Penang Convention & Exhibition Bureau (PCEB) and executed by TIN Media.
The inaugural awards will take place on 14 December 2026, with the venue to be announced soon.
The awards recognise influential leaders, organisations and changemakers whose contributions demonstrate impact, innovation, sustainability, inclusivity and leadership, while reflecting the ambition and transformation of Penang as a competitive regional and international business destination.
The 2026 edition holds particular significance as it recognises the growth and transformation of Penang’s key industries over the past decade. It seeks to honour the businesses, institutions and individuals whose vision, resilience and contributions have helped strengthen Penang’s economy, enhance its global competitiveness and shape the state’s continued progress. The Pearl Global Business Awards will serve as a biennial platform to recognise excellence across Penang’s strategic development sectors, while promoting innovation, inclusivity, sustainability and global competitiveness, and positioning Penang as a regional and international hub of leadership and business influence.
65 Award Titles Across 12 Strategic Sectors
The inaugural Pearl Global Business Awards 2026 will feature 65 award titles across 12 strategic sectors:
Investment & Trade
Halal & Ethical Industries
Sustainability & Green Innovation
Technology & Innovation
Women Empowerment & Gender Equality
Youth Leadership & Development
Digital Economy & Smart Solutions
Infrastructure & Urban Development
Social Impact & Community Harmony
Leadership & Lifetime Excellence
Hospitality, Tourism & Business Events
Media, Communications & Public Visibility
By bringing together leaders and stakeholders from business, industry, government, tourism, technology, sustainability, media and the wider community, the awards will provide a platform to celebrate achievements while strengthening connections across Penang’s diverse economic sectors. The initiative also reinforces Penang’s positioning as a state that values innovation, responsible growth, inclusive development, and global engagement. As the inaugural edition, the Pearl Global Business Awards 2026 aims to establish a legacy that can grow with Penang, recognising those who have contributed to the state’s journey while inspiring the next generation of leaders to take Penang forward.
Principal Financial Group® and CIMB Group Holdings Berhad (CIMB) via their joint venture Principal Asset Management Berhad (Principal), launches the Signature Dynamic Income Focus-i Fund (SDIFi) as the first Shariah-compliant fund in its Signature Series product suite.
The suite, which also includes the Signature Dynamic Income Fund, Signature Dynamic Income & Growth Fund (SDIFi), and Principal Strategic Global Growth Fund, has surpassed RM2 billion (as of July 2026) in total assets under management.
SDIFi is designed to provide investors with global diversification and portfolio resilience, while maintaining an income-focused approach. The Fund also incorporates a measured allocation to Shariah-compliant equities, offering the potential for long-term capital growth and diversified sources of return. Its global mandate provides the flexibility to identify opportunities across regions and issuers, rather than relying on a single market.
All investments in the SDIFi are subject to rigorous Shariah screening and exclude businesses involved in non-permissible activities, including alcohol, gambling, tobacco and other sectors that do not comply with Shariah principles.
“Investors across the region are increasingly looking for solutions that can help them navigate uncertainty while continuing to generate income and pursue long-term growth. As the first Shariah-compliant fund in our Signature Series, the Signature Dynamic Income Focus-i Fund expands the range of investment options available to our investors, combining global diversification with a flexible approach that can adapt to changing market conditions. We believe this makes it a compelling solution for those seeking to build wealth while remaining aligned with their values,” said Munirah Khairuddin, Chief Executive Officer and Head of Principal Asset Management Berhad.
The Fund brings together Principal’s global investment expertise with CIMB’s Chief Investment Office advisory and market insights, supporting a disciplined approach to portfolio construction and investment decision-making.
“CIMB is focused on offering savings, wealth, and protection solutions backed by deep insights and advisory to shape better solutions for our customers. Together with Principal, we continue to augment our comprehensive wealth ecosystem that enhances the growth, protection and legacy goals of our customers across ASEAN markets, which aligns with our purpose of advancing customers and society,” added Haniz Nazlan, Chief Executive Officer, Group Consumer Banking, CIMB.
Bursa Malaysia Berhad (Bursa Malaysia) and FTSE Russell today announced enhancements to the methodologies of the FTSE Bursa Malaysia KLCI (FBMKLCI) and the FTSE Bursa Malaysia Mid 70 (FBM70) indices, following a public consultation conducted earlier this year. Implementation will take place in phases beginning 21 December 2026, in line with FTSE Russell’s index review schedule.
The public consultation, conducted from 31 March 2026 to 24 April 2026, indicated broad support for the proposed enhancements among asset owners, asset managers, brokers and other market participants. Following a comprehensive review of feedback received and subsequent further engagements with key stakeholders, Bursa Malaysia and FTSE Russell have confirmed the following changes.
FTSE Bursa Malaysia KLCI (FBMKLCI): The FBMKLCI will be expanded from 30 to 50 constituents, increasing its representation of MAIN Market capitalisation from approximately 60% to 70%, based on simulations using June 2026 data.
FTSE Bursa Malaysia Mid 70 Index (FBM70): Following the expansion of the FBMKLCI, the FBM70 will be reduced from 70 to 50 constituents and renamed to FTSE Bursa Malaysia Mid Cap Index (“FBMMCAP”). The FTSE Bursa Malaysia Top 100 Index (“FBM100”) will remain unchanged at 100 constituents.
Dato’ Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia, said: “Malaysia’s equity market has evolved considerably over the years, with growth sectors gaining scale and prominence alongside established sectors. By increasing representation across sectors and companies, the enhanced FBMKLCI will provide a broader reflection of Malaysia’s economic landscape while preserving the relevance investors expect from our flagship benchmark. It will also increase the visibility of a wider range of Malaysian companies and ensure the index continues to evolve alongside the market it represents.”
Gerald Toledano, Group Head of Equity and Multi Assets at FTSE Russell, said: “The enhancements to the FBMKLCI represent an important step in ensuring Malaysia’s flagship benchmark remains representative, investable and aligned with the needs of domestic and international investors. The strong support received during the consultation process underscores the importance of maintaining benchmarks that keep pace with market developments. We look forward to working closely with Bursa Malaysia and market participants to support a smooth transition and implementation of these changes.”
Based on simulations using data as at end June 2026, the expanded FBMKLCI would include representation from the Technology, Energy, and Real Estate Investment Trusts (“REITs”) sectors for the first time, while moderating concentration in the Financial Services sector. Actual constituent and sector composition at implementation will depend on constituent eligibility at the relevant review dates.
The FBMKLCI enhancement will be implemented through a phased approach, a well-established practice that FTSE Russell has applied successfully in major index transitions globally. This approach supports an orderly transition, helping to reduce concentrated trading flows, minimise market impact, and facilitate portfolio rebalancing by market participants.
Accordingly, the implementation will be carried out as follows:
Phase 1 (effective 21 December 2026): The 20 new constituents will be added to the FBMKLCI at 50% of their final index weight.
Phase 2 (effective 21 June 2027): The 20 new constituents will reach 100% of their final index weight, completing the transition to the enhanced FBMKLCI.
The number of constituents in the FBM70 will be reduced from 70 to 50 on 21 December 2026 in conjunction with the index review. All constituent changes will take effect on that date.
The expansion of the FBMKLCI marks the first change to its methodology since July 2009, when the benchmark transitioned from a 100-constituent index to its current composition of 30 constituents to optimise index replication and liquidity for institutional investors. The latest enhancements ensure the benchmark continues to evolve with the market.
AFFIN Group (AFFIN/Group) enters into a cross-promotion agreement with PT Bank Central Asia Tbk (BCA) of Indonesia to provide reciprocal lifestyle and merchant privileges for AFFIN Credit Cardholders and BCA Credit Cardholders.
The agreement creates a strategic platform for both banks to deliver greater value and exclusive lifestyle privileges to their customers. Through this collaboration, customers can enjoy specially curated benefits such as exclusive discounts, complimentary gifts, upgrades, preferential pricing and priority access across a wide range of lifestyle experiences, including concerts, hotels, dining, department stores and other selected merchants.
Under the arrangement, BCA Credit Cardholders will enjoy special benefits when making payments with BCA Credit Cards at merchants designated by AFFIN, while AFFIN Credit Cardholders may receive privileges when making payments at merchants designated by BCA.
Hendra Lembong, President Director of BCA, said, “We are delighted to partner with AFFIN on this strategic cross-promotion. This collaboration reflects our vision of creating a more integrated ASEAN banking ecosystem, where seamless access to lifestyle privileges and services enhances the overall customer experience. By extending BCA’s cardholder benefits beyond Indonesia, we are not only enriching our value proposition but also opening new avenues for our customers to enjoy curated privileges across borders.”
President & Group Chief Executive Officer of Affin Bank Berhad, Datuk Wan Razly Abdullah, said, “We are excited that this marks the beginning of a strategic collaboration, creating a virtual bridge between Malaysia and Indonesia through the integration of our financial services and customer support networks. We believe this partnership will continue to evolve, enabling AFFIN (Malaysia) and BCA (Indonesia) to jointly develop and introduce enhanced, value-added products and services that better serve our customers in both markets.”
Both parties will coordinate the implementation of the cross-promotion programme, including the development and publication of promotional materials through their respective official media channels. All promotional materials and participating offers will be subject to mutual agreement, prior approval and applicable laws and regulations in each country.
Details of participating merchants, offer mechanics and customer eligibility will be announced progressively through AFFIN official channels once finalised by both parties. The exclusive campaign will officially commence on 20 August 2026.
Malaysia’s palm oil production rose by 9.4% month-on-month to 1.79 million tonnes in July 2026, an increase of 154,000 tonnes. However, production in July 2026 remained below last year’s level, marking the fifth consecutive month of year-on-year decline since March 2026.
Export performance strengthened further in July, with shipments rising by 14.5% month-on-month to 1.39 million tonnes. The improvement was mainly driven by stronger buying from India ahead of Diwali, as well as continued strong demand from the Sub-Saharan Africa region.
Meanwhile, palm oil stocks continued to increase in July, reaching 2.62 million tonnes. However, the stock build-up in Malaysia is not a major concern, as strong biodiesel demand and front-loading of exports in Indonesia have kept Indonesian palm oil stocks relatively low.
The price rally following MPOB’s release of its supply and demand data on 10 August further reinforced the view that current palm oil stock levels are not excessive, although overall supply remains comfortable for the time being.
The global vegetable oil market continued to be supported by biofuel demand and geopolitical uncertainty in August, with palm oil leading the gains. Malaysian crude palm oil prices rose by 3.9% during the month, compared with increases of 2.7% for sunflower oil and 1.1% for soybean oil in Argentina. Meanwhile, rapeseed oil prices in Europe declined marginally by 0.8%.
Malaysia’s palm oil production typically peaks in September or October before declining in the fourth quarter. Production growth in the first seven months of 2026 was largely supported by an improvement in the oil extraction rate (OER) of fresh fruit bunches (FFB).
Malaysia’s OER from January to May 2026 was significantly above the 10-year average, supported by favourable rainfall conditions 6 months earlier. However, OER fell below the 10-year average in June and July 2026 and is projected to remain below the average for the rest of the year.
As production enters its seasonal downtrend in the fourth quarter and OER eases from the high levels recorded between January and May, palm oil production is expected to decline year-on-year in Q4 2026, tightening supply towards the end of the year.
At the same time, ongoing geopolitical disruptions are reshaping global vegetable oil trade flows. Shipping through the Bab al-Mandeb Strait and the Red Sea has been disrupted, while traffic through the Strait of Hormuz has declined following the expiry of the 60-day ceasefire between the US and Iran on 17 August.
Operations at several major ports and crushing plants in the Black Sea region have also been suspended following the renewed escalation of the Russia-Ukraine conflict, adding further uncertainty to sunflower oil export availability over the next 1-2 months.
These disruptions are shifting vegetable oil demand in major importing markets such as India towards palm oil, particularly ahead of the festive season. This trend was already evident in July, when India’s palm oil imports increased by 49.8% month-on-month and soybean oil imports rose 31.0%, while sunflower oil imports increased by only 3.6% amid tighter supply availability.
Biodiesel economics have also remained broadly supportive relative to vegetable oils since the start of the West Asia conflict in February, supporting biodiesel blending demand and margins. This is particularly the case in Indonesia, where domestic CPO prices are trading well below gasoil prices.
Looking ahead, crude palm oil prices are expected to remain firm above RM4,600 per tonne in September, supported by tightening supply fundamentals and continued geopolitical disruptions to global trade flows.
Crude palm oil futures (FCPO) forward contracts for 2027 traded on Bursa Malaysia Derivatives (BMD) were also above RM5,000 per tonne as of mid-August, reflecting market concerns over the potential impact of El Nino. Indonesia’s palm oil demand for B50 biodiesel blending could also strengthen further as the three-month transition period to clear the remaining B40 biodiesel stocks ends in September.
However, downside risks remain. An easing of Black Sea logistical bottlenecks, the arrival of new-crop sunflower oil supplies in the export market and lower energy prices as geopolitical tensions improve could lead to a correction in vegetable oil prices.
In 2007, Kathlyn Toh took the bold step of leaving a promising career at a global multinational organisation to pursue trading, full-time on her own. A year later, she went on to embrace her entrepreneurial calling by launching Beyond Insights, an investment and training education academy. Joined by her supportive spouse, Terence Teoh, the formidable couple has built an academy of 30 trainers and coaches, seeing more than 7,000 students through their doors. TSI speaks to Kathlyn, Founder and Terence, Co-Founder of their journey in this competitive industry.
What are your respective roles in growing the business? Terence: On top of her position as Founder, Kathlyn is the Chief Trainer, Chief Analyst, Chief Product Officer and Chief Financial Officer. A master in the field of investing and trading, she’s naturally, the content expert for creating and designing most of the education programmes.
I, on the other hand, is the CEO and undertakes marketing, sales, student affairs, technology and human capital. This comes from my experience in working with the founders of one of Malaysia’s most successful online companies, as well as managing two startups prior to Beyond Insights.
Kathlyn and Terence, helming one of the country’s prominent investment and training education academy.
It’s been quite a journey for Beyond Insights, what do you think is the academy’s measurable impact in shaping Malaysia’s financial literacy landscape?
Kathlyn: Beyond Insights has played a meaningful role by addressing the widest gap: practical investing and trading capability. Over the past decade, we’ve trained retail investors and professionals with a structured curriculum that covers the full spectrum of investing—from long-term portfolio building to trend trading, intraday trading, options and even trading psychology. What we’ve done is shift people from “awareness” to actual competence.
We empower Malaysians to make smarter, more disciplined market decisions while managing risk effectively. By building a team of real practitioners and introducing Asia’s first Trading Psychology Bootcamp, the brand has reshaped trading behaviour and emotional management. Through initiatives like the annual Beyond Insights Symposium, we have brought megatrends, macro cycles and market analysis into mainstream conversations, fostering a more informed, resilient and opportunity-ready investing community.
In a competitive industry, there’s a thin line between empowerment and hype. Your thoughts? Kathlyn: Skepticism toward trading academies is valid—too many players have overpromised and underdelivered. The best way to counter this is through transparency, track record and professionalism. At Beyond Insights, we make no guarantees, we teach no shortcuts and we publish exactly what students can expect: a structured curriculum, real practitioners as coaches, multi-year support and a heavy focus on psychology and risk management.
We draw a very clear line: we empower through competence, not promises. In financial education, hype sells fast but harms long-term trust—and trust is the foundation of our business. So, we’ve built our commercial strategy around authenticity and integrity, not sensationalism. We tell students upfront that trading is a skill, not a shortcut; that risk is real; and that consistency comes from discipline, not magic formulas. When people see our longevity and the depth of our ecosystem, the difference becomes obvious: we’re not about hype, we’re in the skill-building and character-building business.
Our coaches are real practitioners, which means they teach the realities of losses, drawdowns, and psychological pressure—not just the upside. We structure our programmes with prerequisites and multi-year support to help people progress patiently, not speed them up prematurely. Internally, we reject any marketing that hints at guaranteed outcomes. We grow commercially by sticking to principles—not by inflating expectations.
Let’s cover something bigger, the country’s financial literacy landscape. How in touch are our policymakers? Terence: Malaysia’s policymakers understand the importance of financial education, but the ecosystem isn’t yet designed for agile, skills-based programmes that change investor behaviour. Much of the current structure is built around compliance, certification and formal financial planning—important, but not sufficient.
Kathlyn: The demand for practical, market-ready skills is rising much faster than the pace of policy evolution. The challenge isn’t a lack of intention; but the frameworks were built for a different era—one where financial education meant avoiding scams and understanding basic products. Today, Malaysians are trading U.S. equities, tech megatrends, options and leveraged instruments at scale. They need agility, not bureaucracy.
Being successful comes with a price, Beyond Insights was a target for impersonation earlier this year. Terence: The impersonation was widespread on social media, riding on Kathlyn’s credibility and our programmes. While our reputation stands firm, it has affected our ability to reach our audiences, and we’ve suffered loss of business. For immediate damage control, we distributed circulars to alert stakeholders.
Our key takeaway from this ordeal was three points: radical transparency because people can sense exaggeration instantly, so we are glad that our integrity paid off. Secondly, consistency at every touchpoint—ads, content, customer service and product delivery must tell the same story. Finally, our community has been the best support as they vastly carry our credibility. In this digital age, nothing beats real people sharing real experiences.
Thousands of investors and traders empowered by Beyond Insights.
Continuing the digital conversation, do you think that AI will one day replace human trainers? Kathlyn:AI will transform learning experiences, but it won’t replace human trainers. As a matter of fact, it will expose the replaceable. If a “trainer” is just reading slides, repeating generic content, or teaching tactics they don’t apply… yes, AI will do that better, faster and cheaper.
But the kind of training we do—personalised coaching, behavioural rewiring, decision-making under pressure, emotional management, personalised feedback, that’s fundamentally human. Markets are uncertain, emotions are messy and people need guidance from someone who has lived through wins, losses, crises and recoveries.
We see AI as an amplifier, not a substitute. It can handle the heavy lifting: content delivery, personalised drills, data analysis, simulations and real-time market explanations. That frees our trainers to do the one thing AI can’t: build conviction, challenge limiting beliefs and coach transformation.
The next phase for Beyond Insights? Terence:In the immediate horizon, we are launching our first version of mobile application in 2026 to enrich its students’ experience. As for maintaining programme quality, we have designed a long-term tech roadmap to help learners make clearer, faster and more confident investing decisions.
Final words, what would Beyond Insights be always known for? Kathlyn: A brand that holds onto our values and beliefs because we know that it is the only sustainable way to earn and retain the trust of our stakeholders. Today, our students trust us in delivering education that enables them to invest in a systematic, versatile and safe manner. This ultimately empowers them to grow their wealth with peace of mind.
Full interview available at The SmartInvestor’s Jan/Feb 2026 issue.
If the brand Ghee Hiang doesn’t ring a bell in a flash, its pure fragrant sesame oil product that reminds you of home as well as time-honoured treats that are rooted in Penang’s culinary heritage. In the spirit of its 170th anniversary, TSI uncovers a different side of Ghee Hiang with Dato’ Ch’ng Huck Theng, Executive Director of Ghee Hiang Manufacturing Co. Sdn. Bhd., on surviving changing times, keeping the business alive and anchored by age-old traditions.
Ghee Hiang’s humble beginnings at Beach Street.
Ghee Hiang is Penang’s pride and vice versa, what does that really mean?
It has always been closely tied to Penang’s identity because we’re not just a brand, we’re part of Penang’s story. For many families, our biscuits and sesame oil are tied to their personal memories of home. This special bond we have with our customers keeps us grounded and continues to shape our identity, especially in today’s fast-moving and competitive world.
On top of heritage, we are proud to be a contributor to the local economy and take additional pride in preserving traditional skills. It’s our way of putting Penang and Malaysia on the global map as our sesame oil and biscuits are often brought overseas as gifts so this is where our role in tourism come into play.
Today, our products are present in Indonesia, Singapore, Hong Kong, Thailand and Australia, each step helping to carry a piece of Malaysia to the world. Many have asked why we are still in Penang? It’s simple, because Penang remains our home—it’s where we are rooted and our stories continue to unfold.
Ghee Hiang is a union of two families, and we often hear of family businesses struggling when values clash. How has Ghee Hiang managed to turn this into a success story?
The two families share the same core belief—this brand is bigger than us. It’s about respect, integrity, and continuity. As a team, we protect the legacy and the community who has grown with Ghee Hiang. This shared sense of responsibility is one that drives us to make strategic decisions for the long run as opposed to short-term wins. Both the Ch’ngs and the Ooi’s believe that as a partnership-run entity, it’s equally important to lead by example and we expect the same commitment by the younger generation.
Ch’ng Pok Lye and family.
Are there some values to discard by the next generation?
Being outdated and confined to rigidity. The next generation of leaders must adopt the mindset of thinking differently—they should feel confident enough to experiment while protecting the brand’s soul.
This is the biggest challenge for the brand, preserving it while staying relevant and without losing our soul. Shopping habits continues to evolve, additionally, we face the constant task of maintaining customer expectations, harmony within the families and management.
We’ve been speaking about heritage and traditions, what about innovation, where does it sit in Ghee Hiang’s equation?
Tradition is staying true to our recipes and methods that made the brand and its products what it is today. We must evolve with the times, so instead of short-cuts to cater demands, we have increased our product lines by introducing new creations. Our chocolate cookies, pineapple shortcakes and matcha crisps are appealing to our younger target audience.
As health awareness too increase over the years, we play our part by highlighting the health benefits of our product. For example, we run our sesame oil through research on its antibacterial, anti-inflammatory and antioxidant properties.
Innovation doesn’t stop at products; we’re also looking at marketing innovation. One of our most recognisable brand initiatives would be our Legendary Babies that was created in the early 2000s to represent our line of products, appeal to the younger target audiences and attract tourists. If you were to go to any of our outlets, you’d see tourists taking pictures with these adorable characters which we strategically placed at the front of the stores.
Let’s drill down to what’s performing well for the business, product wise and sale platforms as well as rising costs.
Our original pastries still carry the biggest weight, making most sales. New products have been steadily growing, especially among younger consumers, but the classics remain our foundation. With younger customers who are discovering us through new products and digital platforms, we’ve seen encouraging double-digit growth in that segment, which tells us our innovation strategy is working.
Meanwhile, our brick-and-mortar still leads because visiting our store is an experience itself—the liveliness of the atmosphere, the engaging service and the variety of products all in one place. But we are glad to see that online sales have soared too, especially after the pandemic. It has opened doors for us in reaching out to overseas customers. Both channels are important and serve different needs.
A common concern for many is that rising costs are heavily weighing down on business so for us, the key is for production as well as retail is smart management. We focus on sourcing efficiently and reducing wastage, without sacrificing our product quality. Most importantly, we keep our growth steady and sustainable, making sure every decision strengthens the brand in the long run.
There are other long-standing brands that offer the same products and experience as Ghee Hiang, what is your take on competition?
Competition keeps us sharp. Anyone can make similar products, but our competitive advantage lies in heritage and authenticity. We are laser focus on what we do best and trust that this is wholeheartedly felt by customers through our products. We take product consistency very seriously; it’s what customers expect from us.
Staying ahead of the game, we have invested in scientific research and technology. This is to ensure that the narratives behind our products are backed by proper research papers. While technology plays a growing role, from production to packaging, but we balance it with craftsmanship, just like the final steps of crafting our pastries, some things simply can’t be automated.
Let’s wrap this conversation with the next 100 years.
For future leaders, we believe they need to understand both the heart and the mechanics of the business. With that, comes early exposure to day-to-day operations, from production to retail, not just the boardroom.
Doing justice to the brand, Ghee Hiang must always be remembered as a brand of trust, authenticity, and tradition. For Malaysia, we hope to serve as an ambassador of Malaysian heritage, so that when people think of Penang or Malaysia, they’ll also think of Ghee Hiang.
Accomplished marketing specialist and digital content creator, Grace Low has built her career at the intersection of strategy, innovation and brand growth. As Malaysia’s first to secure a verified blue badge for a RedNote business account, she later went to launch Malaysia’s first RedNote influencer marketing strategy. Today, her role in the hospitality industry further sharpens her expertise, as she shares on how to survive management change and defy gravity with sound turnaround strategies.
Grace’s journey into branding and marketing was shaped by her exposure to media, storytelling, and audience behaviour across multiple platforms. “I come from a commercial production background where storytelling was never just about aesthetics—it had to move audiences and deliver results,” reminiscing of her early days in television production.
As the media landscape changed, Grace was one of the early movers that understood the forthcoming digital wave. Observing China’s rapid consumption of digital storytelling and how brands can gain maximum exposure, Grace made the leap and never looked back.
Years spent in creating tourism and hospitality content for clients paid off—she found niche in the industry itself and in 2023, started serving reputable hotel establishments. She also moved beyond her capacity as a digital content creator, a growth phase that saw her portfolio moving into integrated marketing and communication strategies.
Grace strongly feels that during a change in management, even small shifts can feel destabilising, so a good leader is crucial. She narrates her way of dealing with the situation, “My first step is to align expectations and simplify systems during the thick of things—it’s focusing on clarifying roles, defining the decision-making authority and setting pragmatic goals for the team. Stability follows with transparency and realism, rather than blindly following outdated habits.”
Low, presenting digital insights at Bursa Malaysia.
For her recent case study at an international hotel chain located in Malaysia, Grace points out that whether it is a management change or a turnaround strategy needed, she resets three things immediately to ensure continuity in the hotel’s marketing:
Brand narrative
Channels to focus on
Performance benchmarks
“When you need to quickly turnaround, pull out data and digest the patterns. An example—if engagement is strong but conversion is weak, it’s often execution. If awareness is low despite investment in ads, it’s positioning. If traffic is high but sentiment is poor, then messaging and experience is misaligned. Data is your north; it tells the truth faster than opinions!”
From a digital perspective, she focused on addressing digital noise by inviting a wider range of content creators to visit, share reviews, and generate fresh conversations across social media platforms, helping to sustain visibility and public interest.
“During one leadership transition, I proactively invited major media to visit and review the hotel, especially during the hotel’s anniversary promotion, creating visibility and excitement. I also led initiatives that secured various prestigious awards, strengthening the hotel’s reputation and digital presence among competitors. By taking decisive action and maintaining marketing momentum, even amidst organisational change, I ensured that both the brand and the business continue to thrive, supporting teams across sales, operations and communications.
Missteps are common and Grace notes that overacting too quickly is a downfall, especially changing the narratives too rapidly, without a clear and strategic rationale.
On contrary to popular belief, chasing trends or surface-level credibility without understanding if it supports the brand’s long-term positioning or business immediate priorities can be detrimental.
Sparking insightful conversations on air, Low often shares her thoughts with the public.
“I also see organisations undervaluing the marketing department during critical times. Although it may be only a minor brand enhancement exercise, other departments are consulted instead of the marketing personnel who are responsible for shaping demand, guiding customers decisions and protecting brand equity. Marketing is not about revenue conversion only; we contribute meaningfully to business outcomes and long-term value”
Shifting the conversation to women’s empowerment at the workplace, Grace says that while her leadership is decisive and structured which are critical traits in high-pressure, result-driven environments, being a mother of two also taught her to balance assertiveness and empathy. “
She concluded by giving her advice to emerging women leaders—cultivate a mindset of ownership, confidence, curiosity and humility. “Put your ego away, true leadership is about serving the team, the business and stakeholders, it’s not about proving yourself. Be confident in your expertise but listen actively, learn quickly and most importantly, be willing to admit what you don’t know.”
Earlier this month, RHB Banking Group, in collaboration with Bursa Malaysia Berhad convened investors, listed company representatives, market practitioners and business leaders at the RHB-Bursa Malaysia Retail Corporate Day 2026 in Melaka, reaffirming their shared commitment to strengthening investor engagement and broadening participation in Malaysia’s capital market. The event was officiated by YAB Datuk Seri Utama Ab Rauf bin Yusoh, Chief Minister of Melaka, and attended by more than 200 participants from across the investment community.
Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group said, “Investors today have access to an unprecedented amount of information. The challenge is making sense of that information and understanding what matters most. At RHB, we see value in creating platforms where investors can engage directly with businesses and market practitioners, gain deeper insights and build greater confidence in their investment decisions. These conversations play an important role in fostering a more informed investing community and supporting the continued growth of Malaysia’s capital market.”
The Melaka edition forms part of RHB’s broader efforts to engage stakeholders across Malaysia through programmes tailored to the needs and interests of different communities and market segments, in line with the Group’s PROGRESS27 corporate strategy.
Julian Mahmud Hashim, Chief Regulatory Officer of Bursa Malaysia Berhad said, “A strong capital market is built on participation, accessibility and trust. As the marketplace connecting investors and businesses, Bursa Malaysia remains committed to widening access to investment opportunities and strengthening engagement with the investing public. This collaboration with RHB reflects our shared commitment to broadening participation and ensuring that more Malaysians can benefit from the growth potential offered by the capital market.”
The programme featured discussions on Malaysia’s economic outlook, market developments and emerging investment opportunities, alongside engagements with representatives from RHB, Bursa Malaysia and participating corporates. Additionally, participants were also introduced to RHB’s latest digital banking innovations, including RHB PAY, Malaysia’s first bank-owned unified payment gateway solution, and RHB Reflex 2.0, an enhanced corporate internet banking platform.
YAB Datuk Seri Utama Ab Rauf bin Yusoh said, “Melaka’s economic transformation continues to gain momentum, with the state’s Gross Domestic Product (GDP) increasing by 3 per cent to RM50.2 billion last year from RM48.8 billion in 2024. This growth has been supported by strong investment activity, business expansion and the implementation of strategic development initiatives across the state.
“This positive trajectory has been further strengthened by Melaka’s achievement of RM14.68 billion in investments in 2025, representing the state’s highest investment performance in more than two decades,” said Ab Rauf.
In advancing the aspirations of the Melakaku Maju Jaya 2035 agenda, Ab Rauf added, “Partnerships between the government, businesses and financial institutions will continue to play a vital role in creating opportunities, strengthening economic resilience and delivering meaningful benefits for the people of Melaka.”
Malaysia’s capital market reached a record RM4.3 trillion in 2025, reflecting its growing role in supporting capital formation, business expansion and economic growth. Retail investors accounted for almost one-third of trading activity on Bursa Malaysia, highlighting the increasing importance of investor education and informed participation.