NEW PERMANENT FOREST RESERVE GAZETTED IN MUKIM PETALING

An area of 59-acres in Mukim Petaling, Kuala Lumpur has been gazetted as a new Permanent Forest Reserve (PFR) under the National Forestry Act 1984 (Act 313) effective 8th October 2021. The PFR, to be known as the Sungai Besi (Additional) Forest Reserve, was to replace the 18-acre Bukit Sungei Puteh Forest Reserve in Mukim Cheras, Kuala Lumpur which was degazetted for the development of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) on the  same  date.  The  PFR  was  gazetted  as  a  protected  forest  and  classified   as   a research, amenity and education forest under subsection 10(1) of Act 313 and was also declared as a closed forest under Section 45 of the same act. The process of degazetting and replacing the PFR simultaneously was in line with the intention and proposed amendments to Act 313 which the government is working on.

(The Edge, The Star & NST, 09/10/2021)


EMPLOYMENT NUMBERS GOING UP WITH ECONOMY ON THE REBOUND

The reopening of several more economic sectors has seen the unemployment rate for August 2021 declining by 4.6% to 748,800, from 778,200 people in July 2021. According to the Department of Statistics Malaysia, the number of employed people has risen by 0.5% month on month to a record 15.38 million people in August 2021 from 15.29 million persons in July 2021, with the employment-to-population ratio up by 0.2 percentage points to 65.2%. The numbers in the labour force continued to increase by 0.3% to 16.13 million persons in August 2021 from

16.07 million persons in July 2021, while the labour force participation rate during the month improved by 0.1 percentage points to 68.4%, from 68.3% in July 2021.

(The Star, 09/10/2021)


MALAYSIA’S AUGUST IPI SLIPS 0.7%, BUT MANUFACTURING INDEX REBOUNDS

Malaysia’s Industrial Production Index (IPI) shrank marginally by 0.7% year on year in August 2021, compared to the same period in 2020, mainly influenced by the decline in the mining index (-4.2%) and the electricity  index  (-4.8%), according to the Department of Statistics Malaysia (DOSM). However, the manufacturing index recorded an expansion of 0.6% year on year after recording a downturn of 6.5% in July 2021. On a month on month basis, the IPI increased 3.2% in August 2021, driven by the sectors of manufacturing (up 5.3%) and electricity (up 2.8%), which was attributed to the opening of more economic sectors, in line with the transition phase of the National Recovery Plan.

Regarding the manufacturing sector’s year on year performance, the main sub-sectors that contributed to the growth of the sector were petroleum, chemical, rubber and plastic products (15.2%), as well as electrical and electronics products (8.6%), in line with the encouraging growth in exports. The export-oriented industries grew 7.6% year on year, while domestic- oriented industries shrank by 13.8% year on year. For the first eight months of 2021, the IPI grew 8.2% as compared to the same period in 2020, with the increase driven by a rise in all components, namely the manufacturing index (up 10.4%), the mining index (up 3%) and the electricity index (up 1.7%).

(The Edge, The Star, The Sun & NST, 13/10/2021)


NEW MERU RAYA-KLEBANG ROAD TO EASE TRAFFIC JAM

A new road connecting Meru Raya and Klebang will be built to reduce traffic congestion in both towns. The RM6.4 million project would connect Lebuh Chepor  Utama 2  in Meru Raya and Lebuh Klebang Putra in Klebang. The project would  consist  of  four  connecting  roads  and  a bridge across Sungai Klebang. The project will begin at the end of the 2021 and is expected to be completed within 18 months.

(The Star, 09/10/2021)


ADVANCECON SECURES ANOTHER ECRL SUBCONTRACT JOB FOR RM16.97 MILLION

Advancecon Holdings Bhd has been appointed as the subcontractor for the proposed construction and completion of ground treatment work of Section 4 of the East Coast Rail Link (ECRL) project for RM16.97 million. Advancecon’s wholly owned Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction (ECRL) Sdn Bhd for the appointment. The contract period shall span from 15th October 2021 until 25th March 2022.

(The Edge, The Star & NST, 15/10/2021)


MYRA IMPIAN TO LAUNCH IN 4Q21

Property developer Myra plans to launch Myra Impian in 4Q21, which is a 20.22-acre mixed development township located at Nilai, Seremban. Myra Impian comprises five phases that encapsulate two serviced residences which cater to young individuals and other commercial facilities.

(The Sun, 15/10/2021)


LBS BINA UNVEILS PRESTIGE RESIDENCE IN SERI KEMBANGAN

LBS Bina Group Bhd has launched a serviced apartment project called Prestige Residence in Seri Kembangan, Selangor on 10th October 2021. The development sits on 8-acres of land, comprising a total of 1,450 units with an estimated gross development value of RM301 million. The units will have three types of layouts with built-up ranging from 600 sq. ft. to 850 sq. ft. and prices starting from RM270,000. The development is equipped with a total of 40 facilities and a resident-exclusive two-storey clubhouse which has a wide range of activities to choose from that cultivates healthy family bonding sessions and promotes togetherness within the community.

(The Star, NST & The Edge, 12/10/2021)


BREZZA ONE RESIDENCY CONTINUES TO BE HOT SELLER

Brezza One Residency by Setia Awan at Bukit Ampang Permai has seen encouraging sales rates for its four blocks. Block A and B launched in 4Q19 are fully sold while Block C and D which were launched in 1Q21 have a sales rate of 60% and 80%, respectively. The 4.56-acre condominium with a gross development value of RM527 million is slated to be completed in 2Q24 and will have four building blocks housing 660 home units ranging from 1,073 to 1,953 sq. ft. with selling price from RM654,800.

(The Sun, 15/10/2021)


METROPOLITAN LAKE DEVELOPMENT BEGINS WORK ON KEPONGGI SQUARE

Metropolitan Lake Development (MLD) has kickstarted its maiden project, Keponggi Square, which is part of the Metropolitan Waterfront Masterplan. Keponggi Square, which has a Gross Development Value (GDV) of RM220 million, is slated for completion in 1Q23. Located next to the Kepong Metropolitan Lake, the 6.8-acre commercial shoplot development is poised to be the next retail hub within the neighbourhood. Embellished by its food and beverage, entertainment, activity market and place-making open piazza concept, Keponggi Square will house 73 retail outlets, in which 70% has been sold. The development of Keponggi Square marks the first phase within the broader 14.6-acre master plan with a GDV of RM750 million, which comprises an ecosystem of retail and residential components. The next phases of this master plan will include condominium and affordable housing projects within the parcel.

(Starproperty.com.my, 13/10/2021)


MALAYSIA’S AUGUST WHOLESALE, RETAIL TRADE DOWN 10.2%

Malaysia’s wholesale and retail trade recorded a double-digit decline in sales value for the third consecutive month in August 2021 with a contraction of 10.2% year on year to RM100 million, according to the Department of Statistics Malaysia (DOSM) The motor vehicles sub-sector was impacted the most with sales plunging 57.6% (RM7.9 billion) to RM5.8 billion, while retail trade declined 7.5% (RM3.4 billion) to RM42.3 billion. This was followed by wholesale trade which edged down 0.1% to RM51.9 billion. On a month on month basis, the sector’s sales value grew 7.9% in August 2021, driven by the resumption of 11 economic and distribution operations in States under Phase 1 and Phase 2 of the National Recovery Plan. Looking at the performance across sub-sectors, the motor vehicle sub-sector was dragged down by sales of motor vehicles, which slumped 60.9% (RM4.8 billion) year on year to RM3.1 billion. This was followed by sales of motor vehicle parts and accessories, which shrank 47.2% to RM1.7 billion. For a month on month comparison, sales of wholesale trade spiked 118.1%, spearheaded by sales of motor vehicles which were registered at 135.5% as showrooms and sales centres were allowed to operate in key states. The 7.5% contraction in retail trade was attributed to a 14.8% decline in retail sales in specialised stores to RM8.1 billion,  while  retail  sales  in  non-specialised stores tumbled 8.1% to RM15.4 billion. The index of retail sales over the Internet recorded a 13.8% growth year on year compared with a 9.4% growth in July 2021.

(The Edge, The Star, The Sun & NST, 13/10/2021)


EURO HOLDINGS PLANS SPECIAL PLACEMENT, BONUS WARRANTS WHILE MD INJECTS RM117M WORTH OF ASSETS INTO GROUP

Euro Holdings Bhd has proposed to buy two properties sitting on leasehold lands in Melaka for RM117 million from companies controlled by its major shareholder and group managing director via the issuance of new shares. Euro Holdings would be purchasing the properties as part of its plan to expand its operations and workshops to the southern region of Peninsular Malaysia. The assets are located in Taman Teknologi Cheng, whereby one of the assets include a 181,611 sq. ft. commercial building which is being renovated. Valued at RM56 million, the group plans to use this as its showroom and corporate office. The second property, measuring 193,670 sq. ft. with a warehouse built on it, has been valued at RM61 million and the group plans to use this as its new manufacturing facility.

(The Edge, 09/10/2021)


MEGROUP TO SET UP USED CAR DEALERSHIP AND NEW MANUFACTURING FACILITY IN KEDAH

MeGroup will be setting up a used car dealership to be operational from 1st January 2022, for the purpose of selling various automobile  brands.  The  group will also be  setting  up  a new manufacturing facility in Kulim Hi-tech Park in Kedah, where it will see the expansion of MeGroup’s component manufacturing line. Construction of the facility is expected to be completed and operational by 1Q23. The hub will cater to MeGroup’s customers located in the northern part of Malaysia whereby the group will work towards reducing any latent delivery delays from the main manufacturing plant in Selangor.

(The Star, 12/10/2021)


RESINTECH BUYS LAND IN SELANGOR FOR RM23.53 MILLION

Resintech Bhd is buying a 9.8-acre piece of freehold land in Telok Panglima Garang, Selangor, for RM23.53 million to cater to the future expansion of its production and warehouse operations. The plastics building materials manufacturer denoted that its wholly owned subsidiary Johan Panglima (M) Sdn Bhd, had signed an agreement with Eiscon Construction Sdn Bhd to acquire the property, which had been 11.3-acres before a portion of it was surrendered to the relevant authority as a reserve area for a monsoon drain. The land is located within the same industrial area where the group’s head office is located.

(The Edge, 14/10/2021)


LADA, MALAYSIA AIRLINES IN TIE-UP TO PROMOTE LANGKAWI TOURISM

Langkawi Development Authority (LADA) and Malaysia Airlines Bhd (MAB) will seal a cooperation agreement to promote tourism in Pulau Langkawi. Through the agreement, MAB will be the official flight partner for the island as both parties work together to drive tourism via attractive ticket fares for both domestic and foreign tourists.

(The Edge, 09/10/2021)


LANGKAWI TRAVEL BUBBLE SAID TO HAVE GENERATED RM24.9 MILLION AS OF 6TH OCTOBER 2021

The travel bubble in Langkawi has brought a ray of hope to the island’s tourism industry after the pilot project generated an income of RM24.9 million as of 6th October 2021. A total of 60,504 tourists visited Langkawi as  of  6th October 2021, with an average of 16 flights a day to  the island, 2 ferry trips daily from Kuala Kedah and Kuala Perlis, as well as 2 RORO (roll-on, roll-off) ferry services from Kuala Perlis. Looking further ahead, Langkawi is scheduled to open up to international tourists around November or December 2021 depending on the government’s decision.

(The Edge, 10/10/2021)


BERA HOSPITAL IN PAHANG TO BEGIN OPERATIONS IN EARLY 2022

The Bera Hospital in Pahang will be ready in December 2021 and will start operations in early 2022. Works on the 40-bed hospital in Bera town is currently 98% completed ever since construction commenced on 2nd October 2010, but the original contractor was terminated in 2012 after it was only able to complete 57% of  the work  before another contractor was appointed in 2016. However, the rescue contractor was also terminated last year after encountering problems when the work was at 93% completion, which brought to the appointment of a third contractor on 5th January 2021.

(The Star, 09/10/2021)


IGB VENTURES INTO SENIOR LIVING AND CARE SERVICES SECTOR

IGB Bhd’s wholly owned subsidiary Tan & Tan Developments Bhd has signed an agreement with Meaningfull Life Sdn Bhd to set up a Joint Venture (JV) company, ReU Living Sdn Bhd, focusing on operating convalescent/post-hospitalisation facilities and senior living facilities. IGB’s joint-venture partner Meaningfull Life is an eldercare company and one of the grant recipients of the Khazanah Impact Innovation Challenge. ReU Living’s goal is to manage and operate lifestyle communities to enrich seniors’ lives and provide convalescent/post- hospitalisation facilities for rehabilitation. ReU Living will be providing round-the-clock care, daily meals catered to residents’ nutrition needs, full housekeeping services, daily curated activities to speed up residents’ recovery and other additional services.

(The Edge, The Sun & The Star, 15/10/2021)


KUALA LUMPUR-ISKANDAR PUTERI HSR: STUDY DONE AND WILL BE SUBMITTED TO CABINET

A study on the proposed Kuala Lumpur-Iskandar Puteri High Speed Rail (HSR) project has been done and is set to be submitted to the Cabinet of Malaysia, as denoted by the Malaysian Economic Affairs Minister.

(The Edge, 15/10/2021)


KERJAYA PROSPEK SECURES RM258 MILLION CONSTRUCTION JOB

Kerjaya Prospek Group Bhd’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a RM258 million contract from Teguh Harian Build-Tech Sdn Bhd for the construction of main building works for a proposed residential development project in Johor Baru, Johor. The project covers the construction of main building works for three blocks of apartment with common area and Mechanical & Electrical (M&E) facilities, and a 12-storey podium carpark comprising carpark and M&E facilities. Construction works for the project are expected to commence on 1st November 2021 and will take 36 months to complete.

(The Edge, The Star, The Sun & NST, 15/10/2021)


GREATECH EXPANDS OPERATIONS IN PENANG WITH NEW RM51 MILLION FACTORY

Factory automation solutions provider Greatech Technology Bhd’s new RM51 million factory in Batu Kawan reflects the group’s clear commitment to its roots in Penang and supports job growth in the northern region of Malaysia. The expansion is aimed at securing a promising economic future for the group’s business, employees, stakeholders and the surrounding community. The 265,000 sq. ft. factory, to be built on approximately 7-acres of land in Batu Kawan, will accommodate up to 500 employees. It is strategically located near Greatech’s two new manufacturing facilities in Batu Kawan as well as the group’s corporate headquarters in Bayan Lepas, Penang. Construction of the factory is expected to be completed by April 2022 and ready for occupancy in May 2022.

(The Edge, 14/10/2021)


SABAH’S PAN BORNEO HIGHWAY PROJECT IS RUNNING SMOOTHLY

About 60% of the 12 work packages for Sabah’s Pan Borneo Highway (PBH) project have commenced as of September 2021. A letter of acceptance for three new work packages from Sandakan Mile 32 to Sungai Baoto had also been issued and works are expected to begin this year. The Sabah PBH project consists of three phases whereby Phase One was given priority for implementation, thereby totalling 706km and divided into 35 work packages.

(NST,  12/10/2021)


SABAH TO RUN ELECTRIC BUS PILOT PROJECT BY END OF 2021

The Sabah Government will run a pilot electric bus project by the end of 2021 in Kota Kinabalu city to provide its people with improved mass public transportation service. The electric-powered bus or e-Bus could be a viable alternative for clean public transport service in ensuring that the State’s public transportation is on the right track towards an environmentally friendly future. The e-Bus is the result of collaboration between Qhazanah Sabah Bhd (QSB) and Gemilang Coachwork Sdn Bhd, one of Asia’s leading e–Bus and aluminium bus body manufacturers. Apart from providing a green ride, the e-Bus with a capacity of up to 66 passengers will provide easier access for the elderly and disabled on wheelchairs as it is equipped with a boarding ramp.

(The Edge, 13/10/2021)


WCT SECURES DEVELOPMENT RIGHTS OVER SABAH LAND TO UNDERTAKE MIXED DEVELOPMENT

WCT Holdings Bhd’s unit has secured the sole development rights over 411-acres of land in total at Lok Kawi in Sabah’s Putatan district. WCT stated that its indirect 80%-owned subsidiary, WCT Perkasa Sdn Bhd, has entered into a deal with Yayasan Sabah for the option to acquire development rights over the land which comprises several parcels. A mixed development project will be undertaken on the land in phases.

(The Edge & The Star, 14/10/2021)


TAIWAN’S LARGEST REAL ESTATE COMPANY PLANS TO INVEST OVER RM1 BILLION IN MENGALUM ISLAND

The Sabah State government welcomes the plan by Taiwan’s largest real estate company, the Sinyi Realty group, to build an ultra-luxury five-star ecotourism resort in Mengalum Island, which is estimated to cost over RM1 billion.

(The Edge, 14/10/2021)


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