EXPORTS HIT RECORD RM95.7 BILLION IN DECEMBER 2020
Malaysia recorded the highest exports of RM95.7 billion in December 2020, supported by both re-exports and domestic exports. The Department of Statistics Malaysia denoted that exports in December 2020 were 10.8% higher from a year ago. Re-exports stood at RM17.6 billion, which contributed 18.4% to total exports, surging by 22.9%, while domestic export was valued at RM78.1bil, growing by 8.3% year on year. Expansion in exports was mainly supported by higher exports to Singapore (+RM2.2 billion), China (+RM1.9 billion), the United States (+RM1.7 billion), India (+RM1.62 billion), Hong Kong (+RM1.6 billion) and the European Union (+RM988.1 million). Main products which contributed to the increase in exports were electrical and electronic products (+RM5.6 billion), rubber products (+RM3 billion) and palm oil and palm oil-based agriculture products (+RM2.6 billion).
(The Star, 30/01/2021)
ENHANCING MALAYSIA’S INVESTMENTS
The Malaysian Investment Development Authority (MIDA) has identified 240 high-profile foreign investment projects in the manufacturing and services sectors with a combined potential investment value of RM81.9 billion. These projects are being negotiated and targeted by Malaysia in 2021 while it also expects inflow of Foreign Direct Investments (FDI) into Malaysia to be sustained at pre-Covid-19 levels. Presently, MIDA has also received and evaluated RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented between the year 2021 and 2022. Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5%) or RM65.3 billion, followed by the services sector (39% or RM42.8 billion), and the primary sector (1.5% or RM1.7billion). The investment authority also shared that Malaysia had attracted a fair share of multinational corporations in the high-end and high technology industries including Schmidt and Nephew, Dexcom, LAM Research, LEM and MusicTribe.
(The Star, 30/01/2021)
MALAYSIA CAN ACHIEVE GDP GROWTH TARGET
According to Malaysian Finance Minister, Malaysia is still on track to achieve its Gross Domestic Product growth target of between 6.5% and 7.5% for 2021, despite a further extension of the Movement Control Order (MCO 2.0), as the various stimulus packages and impending vaccine rollout will help steer the country towards recovery.
NCER SURPASSES INVESTMENT TARGET
The Northern Corridor Economic Region (NCER) has attracted RM15.6 billion in investments in 2020 and surpassed its initial target of RM7 billion for the year despite the Covid-19 pandemic. The economic region continued to implement high-impact projects and critical human capital programmes to support businesses and supply chain ecosystems as embedded in the NCER Strategic Development Plan 2021-2025. The achievements were a testament to the efforts taken to uplift the livelihood of the people.
(The Star, 05/02/2021)
GDP GROWTH WILL DEPEND ON SPEED IN CONTAINING VIRUS SPREAD
The Socio-Economic Research Centre (SERC) forecasts Malaysia’s Gross Domestic Product (GDP) to grow between 4% and 6% in 2021, with the efficacy of the vaccine rollout and containment of the Covid-19 infection poised to play a critical role in economic recovery. Malaysia’s GDP growth will also be underpinned by an improved domestic economic outlook, clear policy narrative and easing investor concerns about the domestic political situation.
(The Edge & The Star, 05/02/2021)
FIVE PROJECTS WORTH RM9.63 MILLION SET FOR LABUAN IN 2021
Five development projects costing RM9.63 million will be carried out in duty-free Labuan in 2021. The allocation under the 12th Malaysia Plan from the Federal Territories Ministry included the continuation of four projects, namely Labuan Smart City Phase 1, upgrading works on Labuan Square public recreational area and infrastructure, Labuan Corporation staff headquarters and Patau-Patau 1 Community Hall with a total cost of RM7.63 million. A new project in 2021 is the cell sanitary landfill and upgrading works on the leachate treatment plant worth RM2 million. The Smart City Phase 1 project costing RM2 million was for a siren and smart pole system in 13 areas (covering 27 villages), including one downtown. Nine proposed development projects had been submitted to the Federal Territories Ministry for funding, namely construction of facilities for small and medium enterprises, upgrading works on the Labuan Ferry Terminal building, Anjung Budaya and Layang-Layangan Beach Festival sites, and phase one of the pedestrian walkway. Other proposed projects include phase two of the Kina Benuwa mangrove recreational forest and tourism infrastructure, pathway to Pulau Ular Layang-Layangan, pedestrian roofed walkway in town, Labuan Airport landscape beautification and upgrading works as well as phase two of the Smart City project.
(The Star, 05/02/2021)
SIME DARBY PROPERTY OFFERS CNY DEALS AND RM8,888 PROSPERITY PACKAGE
Sime Darby Property is offering an RM8,888 prosperity package on top of other deals in its Our Prosperous (Home, Harmony, Happiness) campaign. The campaign, which runs from 30th January 2021 to 28th February 2021, will offer purchasers selected properties of up to 18 months of “Your Instalment on Us” deals. Potential homebuyers will concurrently enjoy maximum savings from the government’s Home Ownership Campaign (HOC) that is ongoing until 31st May 2021. The group has redesigned the sales experience to make home buying hassle-free during this period, whereby all the sales galleries are temporarily closed. Since 2020, digital platforms have enabled potential buyers to browse, tour and buy Sime Darby Property homes from the safety and comfort of their homes. The online campaigns provide potential homebuyers with all necessary product information available through online sales kits, contactless virtual tours as well as online booking and payment. The campaign features freehold properties strategically located in the Greater Klang Valley such as KL East, Melawati, City of Elmina, Bandar Bukit Raja, Subang Jaya, Serenia City and more.
(The Edge, 01/02/2021)
CHIN HIN PROPERTY TO BUY FREEHOLD LAND IN KL FOR RM85 MILLION
Chin Hin Group Property Bhd is eyeing to acquire a piece of land in Kuala Lumpur for RM85 million. The group signed an offer letter with Frazel Luxe Sdn Bhd (formerly Frasers Luxe Sdn Bhd) to acquire the 8.22 acres freehold land situated on Jalan Kuchai. Chin Hin denoted that the purchase of the land will be conditional upon obtaining relevant approvals, including approval from the State authority, its board of directors and shareholders and the Economic Planning Unit.
(The Edge & The Star, 04/02/2021)
GLOMAC TO LAUNCH DAHLIA SARI ON 10 FEBRUARY 2021
Glomac Bhd plans to launch two-storey terraced homes Dahlia Sari at Saujana Perdana on 10th February 2021. Forming part of its Bandar Saujana Perdana Township in Sungai Buloh, Dalia Sari will comprise 120 units of 22’ x 75’ two-storey link homes, with Gross Development Value of RM80.2 million. Sprawled across a 15-acre tract, Dahlia Sari homes will have built-ups from 1,815 to 2,175 sq. ft., with layouts of four bedrooms and three bathrooms. Due to be completed in 2023, prices will start from RM528,000.
(The Edge, 04/02/2021)
TCS SECURES RM108.9 MILLION NEW JOBS
TCS Group Holdings has secured two construction jobs worth a combined RM108.9 million. TCS Group’s wholly owned subsidiary, TCS Construction Sdn Bhd (TCSCSB), has secured a RM92.72 million contract from Tropicana Temokin Sdn Bhd for building construction and related external works for one block of a 41-storey condominium, comprising 271 units in Petaling Jaya, Selangor, known as the Tropicana Miyu.
MORE HOUSES TO BE BUILT IN 2021 FOR B40 AND M40
More than RM1 billion has been allocated to build houses for people from the B40 and M40 segments this year through the People’s Housing Project (PPR), Rumah Mesra Rakyat (RMR) and Malaysia Civil Servants Housing Programme (PPAM), according to the Housing and Local Government Minister. A total of RM500 million has been allocated to build 14,000 PPR units, RM315 million for 3,000 RMR units and RM310 million to build PPAM units in 2021. PR1MA is targeting to construct 15,577 housing units in 2021, while Syarikat Perumahan Negara Bhd (SPNB) will complete 12 existing residential projects, comprising 4,380 units, along with plans to implement 11 more projects covering 7,407 housing units.
SUNWAY ACQUIRES FREEHOLD LAND IN CHERAS TO DEVELOP RESIDENTIAL PROJECT
Sunway Bhd’s (Sunway) wholly-owned subsidiary Sunway Kinrara Sdn Bhd has signed a Sale and Purchase Agreement (SPA) to acquire a 3.34-acre parcel of prime freehold land from CTM Development Sdn Bhd in Taman Mutiara, Kuala Lumpur, at a purchase consideration of RM42 million. Sunway plans to develop exclusive homes to fit the new norm and lifestyle. The residential development on the land will comprise townhouses and condominiums. It is expected to be ready for launch by 1H22, with a tentative completion date in 2026. The group plans to develop an exclusive residential development comprising merely 255 units of townhouses and condominiums, with prices expected to start from approximately RM650 per sq. ft.
(The Edge, NST, Starproperty.com.my, 01/02/2021)
LEUZE SETTING UP MELAKA FACILITY
Germany’s Electrical and Electronics (E&E) manufacturer, Leuze Electronic Gmbh & Co KG, is setting up a production facility in Melaka which is scheduled for completion in March 2022. The total usable floor space will be less than 75,347 sq. ft, of which 21,528 sq. ft. will be allocated towards production.
BRIDGE DATA CENTRES TO BUILD 16MW DATA CENTRE IN MALAYSIA
Bridge Data Centres is building a third data centre in Malaysia, which will deliver 16 megawatts (MW) of IT capacity. The data centre facility is located at Bukit Jalil, a suburb in Kuala Lumpur, and is scheduled to go live in 2Q22. The new data centre will combine with two existing nearby facilities and form a hyperscale data centre cluster, to provide clients with a highly scalable and reliable solution in a cost-effective manner. Bridge’s two existing data centres in Cyberjaya supports a total IT capacity of 20 MW.
AIMS GROUP OPTIMISTIC ABOUT DATA CENTRE INDUSTRY GROWTH IN 2021
Carrier-neutral data centre services provider AIMS Group (AIMS) is optimistic about the growth of the data centre industry in 2021, due to multiple opportunities fuelled by surging demands for data and cloud services to support digital transformation and business sustainability in Malaysia. AIMS denoted that one of the factors for the demand of data centre arises from the potential for continued remote work amidst the “new normal”. AIMS added it will continue to bolster and expand its regional and local data centre presence with its interlinked data centres across Southeast Asia.
(NST & The Edge, 04/02/2021)
MOTAC: 2021 OCCUPANCY PROJECTION AT 27.8%
The Ministry of Tourism, Arts and Culture (MOTAC) denoted that the projected Average Occupancy Rate (AOR) for 2021 is 27.8%, a slight increase from 2020’s 25.4%. The 2020 projection is 25.4%, while for 2021 year it stands at 27.8% without accounting for the implementation of MCO 2.0. To monitor the performance of the hotels’ AOR during the Covid-19 pandemic, MOTAC has collaborated with industry players’ associations, especially the Malaysian Hotel Association (MHA). MOTAC has also set up the Tourism Recovery Action Committee (TRAC), as well as held several sessions to engage industry players to get feedback and identify the best methods to help address the challenges. MOTAC, through Tourism Malaysia, will continue to work with all parties including the hotel industry, to invigorate the country’s domestic tourism. The Domestic Tourism Recovery Plan for 2021 aims to further assist the survivability of the country’s domestic tourism industry including accommodation entities, transportation, travel packages (including for frontliners and civil servants), shopping discounts and eco-tourism.
PERAK TO LAUNCH NEW TOURIST DESTINATIONS AFTER MCO IS LIFTED
Perak will launch two new tourism products after the Movement Control Order (MCO) is lifted, according to the State Tourism Committee chairman. These include The Maze@TT5 in Tanjung Tualang and Datuk Lat’s house and gallery in Batu Gajah. The State will also continue to promote its #TravelPerakLah voucher to boost tourism. The voucher, launched in June 2020, offers discounts at selected hotels and tourism products.
(The Star, 01/02/2021)
WFH NOT INFLUENCING PROPERTY BUYS
The trend of buying properties on the outskirts of towns and cities is not new and the current uptick in sales may be influenced by factors other than the Work From Home (WFH) concept, according to property experts. President of the Association of Valuers and Property Consultants in Private Practice denoted that the trend was prevalent even before the Covid-19 pandemic. People assume that buying properties on the outskirt of towns may save them some money because land prices are cheaper, but what they fail to understand is that transportation costs will increase after the pandemic and when companies require people to work from offices.
(The Sun, 03/02/2021)
EXCITING TIMES FOR ISKANDAR
Despite a challenging business climate due to the Covid-19 pandemic, Iskandar Malaysia is poised to attract approximately RM17 billion in foreign and local investments into the growth corridor in 2021. The Iskandar Regional Development Authority is optimistic and hopeful of attracting between RM15 billion and RM17 billion, especially with the vaccination for Covid-19 expected to take place in 2021.
(The Star, 02/02/2021)
MERSING COUNCIL PUBLISHES NEWSLETTER ON SUSTAINABLE TOURISM INITIATIVE
The Mersing District Council (MDM) has published its first issue of Mersing Kita, a newsletter for the Sustainable Travel Mersing (STM) initiative. The newsletter would keep Mersing residents informed on projects under the STM initiative. The five-year STM initiative is aimed at helping stakeholders to engage with Mersing folk to create a transformative sustainable tourism industry in the district. Through STM, the community can appreciate Mersing’s incredible environment, join activities such as recycling programmes and neighbourhood organic gardens, as well as develop community-led tourism products. MDM would work with the community to improve the coastal town and its surroundings. The aim is to build a brand of tourism that not only attracts tourists but also supports local communities and the environment. MDM plans to incorporate sustainability into Mersing’s tourism development based on the 17 United Nations’ Sustainable Development Goals in the formulation of the Mersing 2030 district local plan.
(The Star, 01/02/2021)