KUALA LUMPUR (Sept 20): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Tenaga Nasional Bhd (KL:TENAGA) has inked an agreement with Singapore’s Keppel Electric Pte Ltd to supply up to 100MW of electricity to the island-state. The Malaysian utility company also signed a cross-border power trade interconnection agreement with SP Power Assets Ltd (SPPA) to ensure stable electricity transmission between Malaysia and Singapore. These agreements “support Asean’s broader energy transition, prioritising interconnectivity and grid efficiency as the region faces growing energy demand”, it said. — TNB signs agreement to supply another 100MW electricity to Singapore

The upcoming increase in US tariffs on China-made gloves provides an opportunity for Malaysian players to increase production, said Top Glove Corp Bhd (KL:TOPGLOV) managing director Lim Cheong Guan. Malaysian players are “able to increase our production” to meet US demand should the tariffs result in a supply vacuum from China, Lim told reporters at a media event on the progress of the glovemaker’s water management system improvements. Some 20% of the group's total sales are to the US. US regulators this month announced that tariffs against China-made medical gloves will be raised to 50% next year, from 7.5% currently. In 2026, it will be increased to 100%. — US tariff hike on Chinese gloves an 'opportunity' for Malaysian glove makers, says Top Glove

Health products manufacturer Sunzen Biotech Bhd (KL:SUNZEN) is eyeing double-digit revenue growth for its financial year ending June 30, 2025 (FY2025), driven by strong demand for its bird's nest products and loan financing services. Its executive chairman Ching Chee Pun said there is a surge in demand for bird's nest products in China, a market that contributes 53% of the group's revenue. There is also a growing number of clients seeking money lending services from the group, he said. “Actually, we are optimistic on this [our businesses moving forward]. I would say [our revenue] would be at least at double-digit growth,” he said.  The group plans to sell its factory in Kota Kemuning to inject additional capital into the loan financing business and reduce reliance on bank loans. — Sunzen Biotech eyes double-digit growth on rising demand for bird's nest products, loan financing

Construction outfit and property development and hospitality management group NCT Alliance Bhd (KL:NCT) is planning to acquire a 51% equity interest in Setara Juara Sdn Bhd, which holds development rights to about 249.67 acres of land in Putatan, Sabah. The land has been earmarked for a mixed-development project, with an estimated gross development value of approximately RM3 billion. The proposed acquisition, the price of which has yet to be decided on, will be a key component of NCT’s growth strategy in Sabah as the group seeks to expand its property development business there.  It has inked a memorandum of understanding with Setara Juara's existing shareholders to negotiate and finalise the terms of the planned acquisition. — NCT Alliance plans to take up 51% interest in 101ha Sabah plot