<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 3): Petra Energy Bhd (KL:<a href="/askedge/klse/5133" class="ce-stock" target="_blank">PENERGY</a>) has announced the appointment of Tan Sri Ahmad Nizam Salleh as its new independent and non-executive chairman, effective immediately.</p></div>

<div class=newsTextDataWrapInner><p>Ahmad Nizam, 69, succeeds Tan Sri Datuk Seri Panglima Sulong Mat Jeraie, who stepped down as chairman in August 2024 due to personal commitments, according to the group’s filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Prior to this appointment, Ahmad Nizam served as the chairman of Pelaburan Hartanah Bhd from 2021 to 2024.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>With a distinguished career spanning more than four decades, he has held several key leadership roles at Petroliam Nasional Bhd (Petronas), including vice-president of corporate services, chairman of Petronas and managing director and CEO of Malaysia LNG Group of Companies.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Petra Energy, which primarily provides brownfield services for the upstream oil and gas sector, closed four sen or 3.01% lower at RM1.29 on Monday, giving the group a market capitalisation of RM426.9 million.</p></div>


Petra Energy Bhd (KL:PENERGY) has announced the appointment of Tan Sri Ahmad Nizam Salleh as its new independent and non-executive chairman, effective immediately.

Petra Energy appoints Ahmad Nizam Salleh as new chairman

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

Institutionalising excellence

The Edge Billion Ringgit Club (BRC) Awards 2026 brought together Corporate Malaysia’s leaders and top-performing companies on Sept 23 for an evening of celebration and recognition.

An evening of corporate excellence

Speech by Tan Sri Tong Kooi Ong, Chairman of The Edge Media Group

Let the winners emerge through competition and merit

Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.

Building resilience in an age of disruption

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

Built for growth

Petroliam Nasional Bhd (PETRONAS), the only Malaysian company listed on the Fortune Global 500, took centre stage at the height of the fuel supply crisis in early 2026, when it was tasked with helping to coordinate and secure the country’s fuel supplies, going beyond its normal business activities amid disruptions in West Asia.

More than  Malaysia’s oil-and-gas steward

Growth and responsibility need not pull in opposite directions. Corporate Malaysia’s leading companies are showing that the two can go hand in hand by focusing on environmental, sustainability and governance issues most material to their businesses and stakeholders, and measuring the outcomes to continuously realign their efforts.

Doing what matters, touching lives

As private hospital operators grapple with rising medical costs, KPJ Healthcare Bhd (KL:KPJ) continues to chart a steady growth path.

Growth momentum faces new leadership test

Despite a complex reinsurance landscape marked by rising catastrophe risks, a softening pricing cycle and market volatility, MNRB Holdings Bhd (KL:MNRB) has managed to strengthen its earnings over the last three years, demonstrating remarkable resilience in the face of these challenges.

Record earnings despite headwinds

Solarvest Holdings Bhd (KL:SLVEST) made an emphatic debut at The Edge Billion Ringgit Club (BRC) Awards, sweeping all three trophies in the energy sector, as its rapid growth rides on Malaysia’s ambitious renewable energy (RE) goals.

Solar boom yields hat-trick wins

<p>MARC Ratings has revised the MARCWatch status on Zetrix AI Bhd (KL:ZETRIX) to “negative” from “developing”, citing heightened concerns over transparency, governance and “continued unavailability of material information required for an informed assessment of its credit profile”.</p>


MARC Ratings revises Zetrix AI watch status to 'negative' on governance, disclosure concerns

<p>Malaysia’s semiconductor industry has asked Putrajaya to up reinvestment and research incentives, ease access to skilled foreign talent as well as reduce friction of doing business in Budget 2027 to enable the next phase of growth, as competition for investment intensifies globally.</p>


Chip industry seeks bigger R&D, automation incentives in Budget 2027

<p>Red Bull's Max Verstappen won a chaotic rain-hit Bahrain Grand Prix in Malaysia on Sunday for his first victory of the season after the race start was delayed by more than 90 minutes due to treacherous conditions at the Sepang International Circuit.</p>


Verstappen wins chaotic rain-delayed Bahrain Grand Prix 

<p>Transport Minister Anthony Loke Siew Fook is scheduled to speak on the suspension of My E.G. Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX) as the Road Transport Department's (JPJ) collection agents 11am Monday (Oct 5) morning.</p>


Loke to address MyEG and Zetrix AI suspension as JPJ agents Monday

<p>Opec+ has agreed in principle to keep oil production targets steady for November, three sources close to the matter said ahead of the group's meeting on Sunday.</p>


Opec+ agrees in principle to keep November oil output targets steady — Reuters

<p>Diversified conglomerate YTL Corp Bhd (KL:YTL) has pursued an aggressive expansion strategy in recent years across power, water, data centres and cement — moves that have put the group firmly back on investors’ radar, with the results to show for it.</p>


A sterling earnings growth performance

<p>Spritzer Bhd’s (KL:SPRITZER) debut at The Edge Billion Ringgit Club (BRC) has been a rewarding one. The bottled water producer clinched its first award for Highest returns to shareholders over three years in the consumer products &amp; services sector after its adjusted share price more than tripled during the award assessment period.</p>


Making a splash with a maiden win 

<p>While Hume Cement Industries Bhd’s (KL:HUMEIND) entry into Malaysia’s cement industry in 2012 may have appeared well timed to capitalise on the country’s construction boom, the subsequent downturn proved far more challenging than expected.</p>


Emerging from the industry shake-up with record profits

<p>Despite an increasingly challenging banking landscape, CIMB Group Holdings Bhd (KL:CIMB) has continued to set new earnings benchmarks, hitting a record net profit in 2024 before surpassing it with a fresh record in 2025.</p>


A record earnings run

<p><em>The Edge</em> Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.</p>


<p>When investors think about the artificial intelligence (AI) and data centre (DC) boom, technology and property companies are often the first to come to mind. But the surge in demand for computing infrastructure is also creating opportunities further down the supply chain, including for power cable manufacturers like Southern Cable Group Bhd (KL:SCGBHD).</p>


Riding wave of AI infrastructure boom

<p>Riding a commodity boom is one thing, but creating lasting value throughout the cycle is another. United Plantations Bhd (UP) (KL:UTDPLT) — one of Malaysia’s larger plantation groups — has consistently delivered this while outperforming its peers.</p>


Creating value throughout the cycle

<p>Uchi Technologies Bhd (KL:UCHITEC) has extended its winning streak at The Edge Billion Ringgit Club (BRC) Awards to seven consecutive years, after clinching again the award for Highest return on equity (ROE) over three years in the industrial products and services sector.</p>


Resilient returns in niche market

<p>Eastern &amp; Oriental Bhd (KL:E&amp;O) is on course to hit fresh record earnings this financial year ending March 31, 2027 (FY2027). The premier lifestyle property developer started the year on a strong note, driven by higher revenue recognition and sustained sales momentum despite rising raw material costs.</p>


Looking beyond homes as healthcare adds to growth run

<p>Maxis Bhd (KL:MAXIS) takes home The Edge Billion Ringgit Club (BRC) corporate award for highest return on equity (ROE) over three years this year — ending a five-year drought from the winners’ list.</p>


Ending a five-year drought with maiden sectoral win

<p>KSL Holdings Bhd (KL:KSL), one of Johor’s most established property developers, has quietly become one of the more compelling growth stories on Bursa Malaysia — driven by both favourable regional tailwinds and a second generation of family leadership stepping confidently into senior management.</p>


Second generation takes the lead

<p>The past three years have been challenging for breweries as inflation, higher living costs and cautious consumer sentiment have weighed on discretionary spending, and elevated costs and stiff competition have added to industry pressures.</p>


A resilient business despite higher excise duty

<p>Nestlé (Malaysia) Bhd (KL:NESTLE) may have weathered a sharp downturn in consumer demand and elevated commodity costs over the past three years, but its ability to generate returns for its investors remains difficult to match.</p>


Earnings recovery gathers pace

<p>Frontken Corp Bhd (KL:FRONTKN) is no stranger to The Edge Billion Ringgit Club (BRC) Awards, having built a strong financial track record among Bursa Malaysia’s technology companies.</p>


Disciplined growth keeps returns shining

<p>KLCCP Stapled Group (KL:KLCC) — Malaysia’s largest real estate investment trust (REIT) and custodian of the PETRONAS Twin Towers, Menara ExxonMobil, Menara 3 PETRONAS, Suria KLCC and Mandarin Oriental Kuala Lumpur — has just wrapped up another year of record financial performance.</p>
