Oxford Innotech's IPO oversubscribed
The integrated engineering solutions provider said its IPO is expected to raise RM41.6mil in proceeds, involving a public issue of 143.5 million new ordinary shares at an issue price of RM0.29 per share, representing 20.2% of the enlarged share capital.
In addition, 50 million existing shares, or 7% of the enlarged share capital, were offered via private placement to selected investors and bumiputra investors approved by the Investment, Trade and Industry Ministry.
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New Straits Times
43 minutes ago
- New Straits Times
Zafrul: Halal certification a 'red line' in US trade talks
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Free Malaysia Today
15 hours ago
- Free Malaysia Today
Sustainable data centre framework set for October launch
Investment, trade and industry minister Tengku Zafrul Aziz said the agreement was reached during the third meeting of the Data Centre Task Force for 2025 today. (X pic) PETALING JAYA : A framework for sustainable data centres is expected to be introduced in October, according to investment, trade and industry minister Tengku Zafrul Aziz. Tengku Zafrul said the framework, which will come under the purview of the digital ministry, will include strategic coordination with all relevant agencies and state governments regarding the implementation of data centre development projects. He said the agreement was reached during the third meeting of the Data Centre Task Force for 2025, which he co-chaired today with digital minister Gobind Singh Deo. 'The Malaysian Investment Development Authority (Mida) will serve as the focal point for all applications for new data centre projects and expansions. 'This will ensure all initiatives and projects proceed smoothly, avoid duplication of functions, and support the development of a more sustainable and strategic national data centre ecosystem,' he said in a post on X tonight. Tengku Zafrul said the meeting was crucial to ensure the development of Malaysia's data centre industry becomes more sustainable, competitive and investor-friendly. The task force is a multi-agency strategic platform led by his ministry and the digital ministry to coordinate the planning and implementation of data centre projects holistically.
New Straits Times
19 hours ago
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Govt eyes streamlined agencies to bolster plastic waste import controls
KUALA LUMPUR: The government is mulling an overhaul of the country's plastic waste import system, including streamlining the roles of four key agencies to enhance coordination, accountability and enforcement. This will involve the Department of Environment (DoE), Solid Waste Management and Public Cleansing Corp (SWCorp), Investment, Trade and Industry Ministry, and Customs Department. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, who helms the Natural Resources and Environmental Sustainability Ministry, said the proposed initiative aimed to strengthen enforcement mechanisms in addressing the transboundary movement of plastic waste. "We take the issue of unauthorised and uncontrolled transboundary movement of plastic waste very seriously. "It is often seen as a form of waste colonisation," he told the Dewan Rakyat today. Johari said overlapping jurisdictions among the agencies had hindered enforcement efforts. "We have four different bodies with different mandates. "If we want effective enforcement, all four must sit at the same table; that is my suggestion to Natural Resources and Environmental Sustainability Ministry," he said, responding to questions from Datuk Seri Tuan Ibrahim Tuan Man (Perikatan Nasional–Kubang Kerian) on the government's position regarding plastic waste imports enforcement. Johari said enforcement should go beyond port inspections and include strict monitoring of recycling facilities. "If we track activities at the processing plants, we can determine whether the waste is being handled by licensed operators or otherwise," he said. Johari said only 10-20 per cent of imported plastic waste is properly processed, while the remaining 80 per cent ends up in landfills. To address this, he said the Investment, Trade and Industry Ministry would require all plastic recycling companies to register with the ministry and renew their licences annually. He said beginning July 1, new standard operating procedures (SOPs) have been enforced under the Customs (Prohibition of Imports) Order (Amendment) 2002. All plastic waste imports must be approved by the Investment, Trade and Industry Ministry and obtain a Certificate of Approval issued by Sirim. "With the Investment, Trade and Industry Ministry's involvement, we want all companies to register with the ministry. "We will scrutinise their financial reports, sales data, export destinations and waste handling practices," he said. Johari said that Malaysia, as a signatory to the Basel Convention, is bound by its provisions on the transboundary movement of hazardous waste, including the 2021 amendment which mandates Prior Informed Consent before any cross-border shipment of plastic waste.
