Inovatif

Category: events

  • Duopharma Biotech maintains robust revenue and profit growth momentum

    Duopharma Biotech maintains robust revenue and profit growth momentum

    Duopharma Biotech Berhad (Duopharma Biotech) reported a revenue of RM931.69 million for the year ended 31 December 2025, up 14.5% compared to revenue of RM813.70 million in financial year 2024. In line with increased revenue, profit for the year also saw robust growth, with profit before tax (PBT) for FY2025 growing 43.6% year-on-year to RM114.91 million, while profit after tax (PAT) for FY2025 went up by 39.6% year-on-year to RM87.46 million.

    The sustained double-digit growth was primarily driven by resilient demand from both the public and private sectors across all business segments, complemented by a one- off surge in insulin supply in the first half of the year following supply normalisation. PBT growth was mainly attributable to the higher revenue base, coupled with continued favourable Active Pharmaceutical Ingredient (API) costs, positive foreign exchange movements and improved operational efficiency, which collectively enhanced profitability.

    Meanwhile, revenue in Quarter 4 of FY2025 stood at RM224.69 million, marginally higher compared to RM222.49 million in the preceding quarter, spurred by stronger demand from the private market, including a seasonally-influenced sales spike for an antiviral flu product, offsetting lower fourth quarter sales to the public sector.

    Wan Amir-Jeffery Bin Wan Abdul Majid, Group Chief Executive Officer of Duopharma Biotech Berhad, commented, “The robust growth in revenue and profit in FY2025 augurs well for Duopharma Biotech’s future potential. The Government’s healthcare policy initiatives and agenda, including 2.7% more healthcare funding year-on-year via Budget 2026 and a focus on improving pharmaceutical research and manufacturing for a stronger supply chain, laid out in the 13th Malaysia Plan, offer the potential for us to participate in achieving national healthcare goals, strengthening our position as a leading Malaysian pharmaceutical player.”

    New and Ongoing Contracts
    On 16 February 2026, Duopharma Biotech announced that the Government of Malaysia had accepted the tender offer from Duopharma (M) Sendirian Berhad (a wholly-owned subsidiary of Duopharma Biotech) to supply insulin injections to the Ministry of Health’s facilities. The new contract, running until 5 February 2028, has a total estimated value of approximately RM52.54 million. Also on 16 February 2026, Duopharma Biotech announced that Duopharma Marketing Sdn Bhd (a wholly-owned subsidiary of Duopharma Biotech) and Biocon Sdn Bhd to supply Recombinant Human Insulin formulations under the Ministry of Health’s procurement by way of direct negotiation. The new contract will run until 15 May 2026, with a total estimated value of approximately RM65.08 million. The two new contracts are expected to contribute positively to the Company’s future earnings, barring any unforeseen circumstances. This will also contribute to better diabetes management in Malaysia by supplying high quality and cost- effective biosimilar insulin and insulin injections.

    As previously announced in 2024 and 2025, Duopharma Biotech is currently contracted to supply 100 products at a combined estimated contract value of approximately RM684.15 million to Ministry of Health facilities, until 31 December 2026.

    Wan Amir-Jeffery added, “In FY2025, the Group’s regional operations also recorded encouraging progress through improved market penetration and growing demand in key ASEAN markets. Looking ahead, the new leadership at Duopharma Biotech will remain proactively focused on enhancing operational efficiencies, optimising cost management strategies, and executing strategic initiatives. Barring any unforeseen circumstances, the Group aims to deliver a satisfactory performance for the financial year ending 31 December 2026.”

    In addition to Wan Amir-Jeffery taking on the leadership mantle at Duopharma Biotech, Rohayu Rosnani Binti Mohd Adanan has also been appointed the Company’s new Chief Financial Officer.

    For FY2025, Duopharma Biotech’s Board of Directors declared a second interim dividend of 3.05 sen per share (2024: 2.0 sen) equivalent to RM 29.34 million (2024: RM 19.24 million). This brings the total dividend for FY2025 to 4.55 sen per share (2024: 3.0 sen), amounting to approximately RM43.77 million, an increase of 51.7% from FY2024. The entitlement date and the payment date of the second interim dividend will be on 13 March 2026 and 30 March 2026 respectively. The Board of Directors has resolved that the Dividend Reinvestment Plan shall not apply to the aforesaid interim dividend.

  • Tealive expands FMCG Footprint through Jaya Grocer

    Tealive expands FMCG Footprint through Jaya Grocer

    Tealive has launched its 3-in-1 premix beverage range at Jaya Grocer, the leading mass-premium supermarket chain, to bring its café-style drinks into Malaysian homes through everyday retail channels.

    Loob Holding Founder and CEO Bryan Loo said the move came amid sustained growth in Malaysia’s at-home beverage segment, with more food and beverage operators expanding into packaged formats to diversify revenue streams and reduce reliance on outlet traffic.

    “Our partnership with Jaya Grocer has been an important part of Tealive’s journey, dating back to the Covid period when we first introduced our DIY Bubble Tea Kit to bring the Tealive experience into Malaysian homes. Today’s launch of our Tealive 3-in-1 premix range marks another meaningful milestone as we extend that experience into everyday routines,” he said.

    “This collaboration allows consumers to enjoy their favourite Tealive beverages anytime, anywhere, while reinforcing our commitment to making café-quality drinks more accessible. As we continue to evolve into a complete beverage lifestyle brand, this retail expansion reflects our vision of becoming a seamless part of Malaysians’ daily lives, whether in-store or at home, plus offers an opportunity to leverage existing brand equity in new consumption occasions.”

    The collaboration positions Jaya Grocer as Tealive’s strategic retail partner for this expansion, providing a curated supermarket platform and access to a broader consumer base seeking convenient, café-quality beverage options for at-home consumption.

    Under the rollout, consumers can choose from milk tea, coffee and chocolate series. The milk tea range includes Signature Milk Tea, Gula Melaka Teh Tarik, and Milk Tea Matcha; the coffee series comprises Signature Coffee, Coffee Hazelnut, and Caramel Macchiato; and the chocolate range features Signature Chocolate, Chocolate Hazelnut, and Salted Dark Chocolate.

    A key flavour signature across the range is Tealive’s brown sugar profile, incorporated into selected variants to replicate the brand’s popular caramelised brown sugar taste in premix form.

    Jaya Grocer is the first supermarket chain to offer Tealive’s mixed-flavour 3+1 Fun Packs, designed for families and office settings seeking variety and value.

  • Over 54% of Malaysian employers are set for team expansion

    Over 54% of Malaysian employers are set for team expansion

    Ambition Malaysia has released its annual Market Insights & Salary Guide, providing an in-depth view of hiring trends, workforce priorities, and talent expectations. The report covers key industries across Malaysia, including technology, finance, human resources, engineering, supply chain, sales and marketing, banking and financial services, and global business services.

    This year’s report combines Ambition’s on-the-ground market observations with findings from our recent Quick Pulse Survey, which gathered close to 500 responses from employers and professionals across Malaysia, offering timely insight into how organisations closed out 2025 and how they are positioning themselves for the year ahead.

    Commenting on the findings, Matthew Cooper, Managing Director of Ambition Malaysia, shared that 2025 marked a shift toward more deliberate and purposeful workforce planning, “Organisations continued to invest in capabilities that strengthen long-term competitiveness, particularly in digital transformation, automation, compliance, sustainability, and supply chain resilience. At the same time, tighter budgets and slower approval cycles meant hiring became more selective, with a clear focus on roles that support business continuity and operational efficiency.”

    Across sectors, employers placed greater emphasis on internal mobility, succession planning, and upskilling, while professionals became more discerning in their expectations, prioritising stability, meaningful career growth, and hybrid flexibility when evaluating new opportunities.

    Key Findings from the Quick Pulse Survey

    • Hiring remains active, although decisions take longer – Hiring activity remains steady, with 54% of employers planning to hire over the next six months, although approval processes have lengthened due to increased scrutiny on business-critical roles.
    • Talent decisions are value-led, not just pay-led – While salary remains the single most important factor (27%), professionals are increasingly prioritising career growth (20%), company culture (17%), and flexibility (17%) alongside compensation when considering new opportunities.
    • Change is happening gradually, not disruptively – Change across the workforce continues to be measured, with 52% of employers using contract hiring selectively and over 60% of organisations still in the early or exploratory stages of AI adoption, largely focused on productivity and skills development.

    Looking ahead, The Malaysian job market is expected to maintain steady hiring momentum in 2026, supported by continued investment in digitalisation, shared services expansion, compliance-driven roles, and sustainability initiatives. For employers, success in attracting and retaining talent will increasingly depend on how well organisations balance cost with flexibility, culture, and long-term career development.

    For professionals, the outlook points to a more selective job market, where adaptable, cross-functional skillsets, digital fluency, and regional exposure will play a growing role in career mobility and competitiveness.

    Ambition’s 2026 Market Insights & Salary Guide provides sector-specific analysis and practical guidance for employers planning workforce strategies and professionals navigating their next career move.

  • MBSB Bank launches SBMB 5.0

    MBSB Bank today announced the launch of the fifth edition of its flagship savings campaign, Simpan Berganda Menang Bergaya (SBMB 5.0). The initiative continues the Bank’s focus on encouraging financial discipline and rewarding consistent saving habits among Malaysians.

    Following the strong participation recorded in the previous year, SBMB 5.0 will run throughout 2026. The campaign is designed to be inclusive, allowing customers to build their savings while becoming eligible for a rewards pool valued at RM2 million.

    Participation is open to both new and existing customers with a minimum earmarked deposit of RM2,000. By placing fresh funds or incremental deposits into designated accounts, customers qualify for rewards across multiple categories:

    • National Grand Prizes: Three premium SUV models: the Jetour T2, GWM Tank 300, and GWM Tank 500.
    • Regional Grand Prizes: Suzuki Jimny 5-door (complete with roof rack).
    • Voyager Rewards: Eleven Maldives travel packages for two.
    • Early Bird Rewards: Swiss-made luxury timepieces valued at up to RM35,000 each.

    Rafe Haneef, Group Chief Executive Officer of MBSB Bank, said, “We really want to change the conversation around saving in Malaysia. Often, people feel that growing wealth is only for a certain group, but with SBMB 5.0, we’ve intentionally kept the entry point at just RM2,000 to make it accessible for everyone. Our goal is to see more Malaysians building that financial safety net while having a bit of excitement doing it. Whether you’re just starting out or have been with us for years, this is about making disciplined saving something that feels achievable and genuinely exciting for people from all walks of life.”

  • Sarawak school team named Malaysia’s champion in VIA Safe Mobility

    Sarawak school team named Malaysia’s champion in VIA Safe Mobility

    TotalEnergies, together with Arus Academy, continue to strengthen student learning and leadership through the VIA Safe Mobility, a global educational initiative aimed at improving mobility conditions for young people. Now in its fourth year in Malaysia, the 2025 edition saw Team Safety Squad from SJKC Chung Hua Tudan, Miri, Sarawak, emerge as the Malaysian Champion for their strong school-wide engagement and impactful advocacy work. As national winners, the school secured a
    EUR 5,000 grant from TotalEnergies to implement and advocate their road-safety initiatives.

    Their participation also marked a proud moment for Malaysia at the VIA Safe Mobility Regional International Finals, where they competed in a group with champions from India, Iraq, and Romania — part of a broader field of 24 VIA-participating countries across the region.

    “Safety is a fundamental value at TotalEnergies, especially when it comes to the communities where we operate,” said Patricia Law, Sales Director of TotalEnergies Marketing Malaysia. “The VIA Safe Mobility programme reflects our commitment to equipping young people with practical knowledge and responsible habits that support safer journeys every day. We hope to continue empowering students to build safer school environments and be advocates for positive change.”

    “At Arus Academy, we believe that students learn best when they are given the opportunity to solve real problems that matter to them,” said David Chak, Co-Founder of Arus Academy. “The VIA Safe Mobility programme has shown how powerful this approach can be. Each year, we see students taking ownership of their projects, building critical thinking skills, and working collaboratively to advocate for safer mobility in their communities. Team Safety Squad’s effort is a strong example of how authentic learning can create meaningful impact.”

    Situated beside the high-speed Jalan Kuala Baram Bypass—officially recognised as one of Miri’s top five accident-prone roads—SJKC Chung Hua Tudan serves a large primary-school community. Its close proximity to fast-moving traffic makes road safety an urgent, daily concern for students and teachers alike.

    Against this backdrop, Team Safety Squad anchored their VIA project on the mobility challenges surrounding the school. Guided by teachers, the 10-member team conducted an on-site observational audit of the drop-off area and pedestrian zones, documenting vehicle flow and foot traffic during peak hours. Their recommendations included establishing a crosswalk directly in front of the school. They also identified critical behavioural risks, such as low helmet-safety awareness among Year 1 to Year 3 pupils and the use of old or damaged helmets among younger riders.

    To translate their findings into concrete action, the students submitted an official written request to the Miri City Council, calling for the installation of a designated zebra crossing outside the school.

    Team Safety Squad then rolled out a wide-reaching safety campaign under the theme “See + Go = Safe. Helmet On, Worries Gone,” combining school-based education with community engagement. This included the “VIA Safe Mobility Camp” reaching more than 1,200 pupils, drawing competitions, an interactive road-safety assembly attended by more than 60 teachers, a community Road Safety Carnival, a Walk for Safe Mobility at Taman Bulatan Miri involving parents and staff, and peer-to-peer engagement sessions at SMK Pujut Miri, which reached an additional 1,000 high school students.

    A key development has followed, with the city council initiating technical assessments for a designated crosswalk in front of SJKC Chung Hua Tudan. Engineers have already completed initial site measurements in response to the students’ request.

  • RHB launches comprehensive sustainable and transition finance framework

    RHB launches comprehensive sustainable and transition finance framework

    RHB Banking Group (RHB or the Group) has launched its Sustainable & Transition Finance Framework (STFF), a comprehensive framework in Malaysia structured to support customers at every stage of their sustainability transformation. Developed in alignment with global best practices, including the International Capital Market Association (ICMA) principles and the ASEAN Taxonomy for Sustainable Finance, the STFF has been fully validated by an independent Second-Party Opinion (SPO), Sustainalytics. This external validation underscores the robustness of the eligibility criteria and RHB’s dedication to financing a transparent transition for its clients and the broader economy.

    Dato’ Mohd Rashid Mohamad, RHB Banking Group Managing Director / Group Chief Executive Officer said, “RHB’s Sustainable & Transition Finance Framework serves as a strategic roadmap to accelerate the shift towards low carbon economy. By providing clear criteria for sustainable financing and investment, we are bridging the gap for hard-to-abate sectors ensuring they have the necessary resources to transition. This framework will not only help us to mitigate long term climate risks but also empowers our clients to innovate, ensuring that the transition to a sustainable future is both inclusive and economically viable.”

    Malaysia has outlined its aspirations through the National Energy Transition Roadmap (NETR) and the 13th Malaysia Plan (13MP), which provides up to RM1.2 to 1.3 trillion investment opportunities for businesses to decarbonise as we transition towards a low carbon economy and net zero. For many companies, particularly those in high emission, hard-to-abate and resource intensive sectors, the transition pathway can be complex due to fragmented financing options. The STFF helps address this by offering a clear, consistent and accessible framework for corporates, GLCs and SMEs to mobilise capital for eligible sustainable and transition activities.

    “Sustainability is a long term commitment, and many businesses are navigating transition while managing real operational demands. Through the STFF, we want to make the sustainability pathway more achievable for our customers. Our role is not only to provide sustainable and transition financing, but also to be a purposeful partner in supporting them towards Net Zero,” added Dato’ Mohd Rashid.

    The launch event also featured a panel discussion themed “Decarbonisation: Are We Doing Enough to Achieve Net Zero?” with representatives from RHB, Solarvest, and Malaysia Forest Fund (MFF). The event concluded with the signing of a Memorandum of Understanding (MoU) between RHB and MFF to further advance nature-based and transition solutions.

    RHB remains committed to delivering on its sustainability agenda under PROGRESS27, including its goal of mobilising RM90 billion in Sustainable Financial Services (SFS) by 2027. As at December 2025, the Group’s cumulative SFS exceeded RM59 billion, and represents close to 66% of its 2027 target.
    “When our customers’ progress, our communities progress. And when our communities progress, our nation progresses. The most sustainable decision is not waiting for certainty. It is choosing to begin,” concluded Dato’ Mohd Rashid.

  • CGS International facilitates market engagement with China’s DeHeng Law Offices and Bursa Malaysia

    CGS International facilitates market engagement with China’s DeHeng Law Offices and Bursa Malaysia

    CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) today hosted a market engagement session with DeHeng Law Offices (“DeHeng”), a leading Beijing-based cross-border law firm, and Bursa Malaysia, aimed at bridging high-growth Chinese enterprises in the new economy looking for regional growth as well as opportunities to attract greater ASEAN investor participation in their businesses.

    The session focused on early-stage dialogue on Malaysia’s capital market framework, issuer readiness and expectations, as well as greater clarity on listing processes, with the aim of supporting well-governed, future-ready companies as they consider Malaysia’s capital market as part of their regional growth plans.

    Alan Inn Wei Loon, Country Head of CGS MY said, “As a leading gateway between China and ASEAN, CGS International is uniquely positioned to bridge capital and opportunity. Through our shareholders China Galaxy Securities and one of the world’s largest sovereign wealth funds, the China Investment Corporation (CIC), we have the platform and deep institutional networks across ASEAN and in China to enable companies and businesses to tap into unparalleled market insights and capital. Malaysia’s deep pockets of liquidity, asset diversity, highly developed capital market infrastructure and robust investor protection are key attraction factors. We look forward to collaborating with DeHeng Law Offices to intensify efforts to attract more companies from the new economy especially to raise their profile and capital amongst Malaysian investors – both institutional and retail, and to facilitating more cross border growth and opportunities for high-quality companies with China and Malaysia, ASEAN and vice versa.”

    Xu Jianjun, Deputy Director of DeHeng Law Offices, said, “Our multifaceted role is more than just bridging the complex regulatory and operating environment for our China issuers. Ensuring they are market-ready today goes beyond the rigour of complying with domestic financial, operational and governance standards to meeting sustainability requirements and expectation of value. By providing specialised legal advisory, we aim to facilitate mutually beneficial listings for both the issuers and Malaysia’s investment community.”

    In his welcome remarks, Julian Mahmud Hashim, Chief Regulatory Officer of Bursa Malaysia, said, “Malaysia is well positioned for companies seeking a stable base in Southeast Asia. For Chinese-funded enterprises, Malaysia can be a platform not only to build operations, but also to access regional opportunities. Bursa Malaysia offers different listing routes for foreign companies looking to tap into our equity capital market. We welcome dialogue with intermediaries and potential issuers, and will continue to support early-stage discussions and provide clarity on processes and expectations, so that promising companies can move from intention to execution with confidence.”

    The co-operation between CGS MY and DeHeng is designed to bridge “future-ready” companies from high-potential sectors, including technology, advanced manufacturing, renewable energy, and consumer goods with the robust capital raising ecosystem in Malaysia. By combining CGS MY’s regional connectivity and DeHeng’s cross-border legal capabilities, the co-operation aims to strengthen market understanding, improve preparedness, and support informed decision-making for companies evaluating Malaysia as a capital market destination.

  • Amazfit introduces Active Max

    Amazfit introduces Active Max

    Amazfit, a leading global smart wearable brand by Zepp Health (NYSE: ZEPP), launches Amazfit Active Max, the newest member of the Amazfit Active family. Built for everyday athletes and anyone looking to elevate their wellness routine, Amazfit Active Max blends a 1.5″ ultra-bright AMOLED display, up to 25 days of battery life, easy podcast listening and advanced training tools to support consistent training and clearer visibility across any activity.

    Amazfit Active Max features enhancements across three dimensions: a bigger display, bigger storage, and bigger battery life. Pairing lightweight durability with 5 ATM water resistance and 170+ sport modes, Amazfit Active Max offers versatility for strength sessions, running, and outdoor activities.

    Other key features include:

    • BioCharge™ Energy Monitoring for Better Readiness: Active Max introduces Amazfit’s signature BioCharge™ energy score, which dynamically adjusts throughout the day based on workouts, activity level, and stress, helping users know when to push and when to rest.
    • Bigger Display. Max Clarity: A 1.5″ ultra-bright AMOLED display delivers exceptional clarity in any setting—whether in the gym, outdoors, or on the move. With up to 3,000 nits of peak brightness, the screen ensures real-time stats are always easy to read.
    • Bigger Storage, Smarter Maps: 4GB of onboard storage delivers up to 100 hours of podcast playbacks during workouts, plus free downloadable maps for outdoor adventures, including more than 2,000 ski resorts with contour details.
    • Bigger Battery, Longer Endurance: Up to 25 days of power in a lightweight design—reliable for all-day activity and sleep tracking, as well as long-distance training, including marathons.
    • 170+ Sport Modes with Intelligent Strength Training: With 170+ workout modes and AI-powered Zepp Coach™ guidance, Active Max adapts to users’ preferred training styles. Strength Training Mode automatically detects reps, sets, and rest periods across 25 exercises to streamline data capture and support form tracking.
    • 24/7 Health Monitoring: Powered by the latest BioTracker™ PPG biometric sensor, Active Max continuously monitors heart rate, blood oxygen, stress, and sleep quality, offering alerts for abnormally high or low readings.
    • Stay Connected with Helpful Smart Features: Users can make Bluetooth® calls, send speech-to-text replies (Android), and control the watch using Zepp Flow™ voice commands. Active Max pairs with the Zepp App for deeper health insights and long-term trend tracking.

    Amazfit Malaysia will also introduce the Amazfit MY Community Club, set to debut in 2026. This initiative marks a new chapter in the brand’s commitment to the Malaysian fitness community, offering specialised programmes in running, strength training, and other sports. The community was established to bridge the gap between technology and real-world training, transforming data on the wrist into shared experiences, practical progress, and a supportive network that encourages accountability and consistency.

  • Aon appoints Neelay Patel as CEO of Malaysia

    Aon appoints Neelay Patel as CEO of Malaysia

    Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointment of Neelay Patel as CEO of Malaysia, effective March 2026, subject to regulatory process. Patel brings over 20 years of risk management and insurance experience, including more than a decade driving Aon’s commercial strategy and growth initiatives across Asia.

    In this role, Patel will lead Aon’s business in Malaysia across Commercial Risk Solutions, Health Solutions, Talent Solutions and Wealth Solutions. He will partner with regional solution line leaders to align priorities, strengthen execution and deliver integrated solutions that help clients protect and grow their business. He will report to Andrew Minnitt, head of Southeast Asia and will relocate from Singapore to Kuala Lumpur in the coming months.

    “Neelay’s strategic mindset, strong client focus and values‑led leadership position him exceptionally well to lead our Malaysia team,” said Minnitt. “His deep understanding of client needs and ability to mobilise teams around delivering integrated solutions will be invaluable as we help organisations navigate a rapidly evolving risk environment and achieve better outcomes.”

    Since joining Aon in 2014, Patel has been central in advancing the firm’s growth agenda — most recently as head of growth, Asia, where he has helped teams bring the full breadth of Aon’s capabilities to clients and advanced sales transformation across the region. He has also been deeply engaged in developing Aon’s talent across markets, contributing to an inclusive, high‑performing culture.

    Prior to joining Aon, he worked with Lockton in Australia and London, supporting large multinational clients across industries. His career, which spans senior roles in Singapore, Australia, London and Malaysia, gives him a strong understanding of the region’s diverse client needs and the opportunities ahead.

    “I’m honoured to return to Malaysia to lead Aon’s business at a time when clients are navigating increasingly connected and complex risk and people challenges,” said Patel. “I look forward to working with our talented colleagues to bring the best of Aon’s Risk Capital and Human Capital capabilities to clients — helping them make better decisions, build resilience and achieve sustainable growth.”

  • TQ WULING officially launched in Malaysia

    TQ WULING officially launched in Malaysia

    TQ WULING has launched the TQ WULING Bingo EV (electric vehicle) in Malaysia, with its locally assembled compact electric hatchback in two variants namely the Bingo PRO priced at RM67,800 and the Bingo MAX at RM72,800.

    The TQ WULING Bingo is the first model introduced under the TQ WULING brand, which stems from a strategic collaboration between Tan Chong Motor Holdings Berhad (TCMH) and SAIC-GM-Wuling (SGMW). This partnership brings together Tan Chong’s decades of local market and manufacturing experience and distribution strength, and SGMW’s proven leadership in global electric vehicle technology.

    “This launch represents a significant milestone for Tan Chong Group as we proudly introduce a highly affordable electric vehicle option for all Malaysians. As the first EV to be locally assembled at the Tan Chong Plant – built on nearly 50 years of automotive manufacturing and assembly heritage – the Bingo EV reflects our commitment towards advancing the nation’s electric mobility landscape. We are honoured to play a humble role in driving Malaysia’s automotive ecosystem forward,” said Daniel Ho, Group CEO of Tan Chong Motor Holdings.

    “By combining global EV technology with local manufacturing expertise, the Bingo EV brings world-class electric mobility to Malaysia at an attainable price point,” Ho added.

    Lisa Li, Chief Operating Officer of the Overseas Business Department of the Overseas Division of SAIC-GM-Wuling expressed confidence in the brand’s expansion in Malaysia. “With our expertise in EVs, combined with Tan Chong Group’s strong market presence and manufacturing strength, we are excited to support Malaysia’s green mobility transition and bring sustainable driving solutions to local consumers. The ASEAN region is a key market for SGMW’s overall strategic plan, with key focus on Indonesia, Malaysia and Thailand,” said Li.

    For more information about TQ WULING and the TQ WULING Bingo EV, visit www.tqwuling.my or follow the TQ WULING social media channels on Facebook, Instagram and TikTok.