COUNTRY HAS ABOUT 24.4 MILLION URBAN DWELLERS

About 75% of Malaysia’s 32.44 million population live in urban areas, with the bumiputra remain to be the majority in both urban and rural areas. This is based on a census done in 2020 by the Department of Statistics Malaysia, which found that the country had 24.4 million urban dwellers. The average urban household is 3.9 persons compared with the rural households which is an average of 4.2 persons. There are more older folk in rural areas compared with the urban centres. The rural population has reached ageing status with people aged 65 and over account for 7.3% (2010: 6.2%) as compared with 6.6% (2010: 4.6%) for the urban population.

Malaysia’s urbanisation rate had tripled over the last five decades from 28.4% in 1970 to 75% in 2020. Over these five decades, the urban population had expanded from 3 million to 24.4 million, while the rural population stood at 8.1 million in 2020 compared with 7.5 million in 1970.

Six states had exceeded the 85% mark in urbanisation in 2020, compared with five states in 2010. Kuala Lumpur and Putrajaya recorded 100% of its population living in urban areas, followed by Selangor (95.8%), Penang (92.5%) and Melaka (90.9%). On the other hand, Kelantan (44%), Pahang (52.8%) and Perlis (53.8%) have the lowest rates of urbanisation in 2020. Labuan had the highest increase in terms of urbanisation rate, rising from 81.9% in 2010 to 88.9% in 2020.

Selangor had the largest urban population of 6.7 million (4.9 million in 2010), followed by Johor with 3.1 million (2.3 million in 2010) and Kuala Lumpur with two million (1.6 million in 2010), while Sabah has the highest rural population of 1.5 million. Elaborating on the urban population, it was found that the urban population in 2020 comprised 22.5 million Malaysians (92.4%) and 1.9 million (7.6%) non-citizens. This was an increase compared with a decade earlier when there were 18 million Malaysians and 1.5 million foreigners living in urban areas.

According to the department, the composition of urban population comprised bumiputra (14 million people or 62.6%), Chinese (6.4 million or 28.6%) and Indians (1.8 million or 8.1%). As for the rest of the urban folk, they were non-citizens (7.6%) and those categorised as “others”. For comparison, there were 10.6 million bumiputra residing in cities (58.9%) in 2010, followed by 5.6 million Chinese (31.3%), 1.7 million Indians (9.2%) and 0.1 million others (0.7%).

The percentage of rural population showed that the bumiputra were more dominant at 90.4%, followed by the Chinese (6.3%), Indians (2.4%) and others (0.9%). There were 6.3 million (76.6%) urban households and 1.9 million (23.4%) rural households in 2020, up from 5.4 million urban households and 4.6 million rural households in 2010.

(The Star, 24/12/2022)


MALAYSIA’S ECONOMY TO START MODERATING GOING INTO 2023, DOSM

The economy is expected to start moderating in the months ahead in 2023 impacted by global economic uncertainty, as stated by the Department of Statistics Malaysia. Looking at the smoothed long-term trend in October 2022, the leading index (LI) started trending below the 100-point mark. Malaysia’s LI rose 0.4% to 109.6 points in October 2022 versus 109.2 points in the same month last year, a rise of 0.4 index point. This increase was supported by the number of housing units approved and real imports of other basic precious and other non-ferrous metals.

However, on a monthly basis, the LI recorded a negative 0.3% in October 2022 against a negative 1.3% in September 2022. This trend was driven by the Bursa Malaysia Industrial Index (0.6%), real imports of semiconductors (0.3%), real money supply M1 (0.1%) and expected sales value for manufacturing (0.1%). LI is a predictive tool to anticipate economic upturns and downturns in an average of four to six months ahead.

As for the current economic position, the coincident index (CI) recorded an increase of 6.5% year-on-year to 120.5 points in October 2022 (October 2021: 113.1 points). On the other hand, the monthly change in the CI recorded a decrease of 0.6 caused by the decrease in the industrial production index (0.4%), capacity utilisation for manufacturing (0.3%) and real contributions of the Employees Provident Fund (0.1%). The CI measures current economic activities and is often analysed with leading and lagging indexes.

(The Star, 24/12/2022)


MALAYSIA’S TOTAL TRADE IN NOVEMBER 2022 UP 15.6% Y-O-Y TO RM238.2 BILLION

Malaysia’s total trade in November 2022 rose by 15.6% year on year (y-o-y) to RM238.2 billion, according to the Department of Statistics. Exports improved by 15.6% or RM17.6 billion to RM130.2 billion y-o-y in November, while imports increased by 15.6% or RM14.5 billion y-o-y to RM107.9 billion.

In November 2022, higher exports were recorded in most states such as Penang (RM10.8 billion), Sarawak (RM3.2 billion), Johor (RM1.9 billion), Kuala Lumpur (RM1.6 billion) and Selangor (RM629.2 million). Terengganu’s exports rose by RM315.6 million, followed by Melaka (RM152.0 million), Kelantan (RM119.3 million), Negeri Sembilan (RM77.4 million) and Perlis (RM30.6 million). Whilst exports had decreased in Sabah (-RM565.0 million), Pahang (-RM379.7 million), Perak (-RM180.2 million), Labuan (-RM38.8 million) and Kedah (-RM13.8 million).

Meanwhile, the increase in total imports was driven by higher imports by Penang (RM4.6 billion), Selangor (RM4.0 billion), Johor (RM3.4 billion), Melaka (RM1.6 billion), Kuala Lumpur (RM640.7 million) and Sarawak (RM447.8 million). Imports by Terengganu also increased by RM162.1 million, followed by Perak (RM148.6 million), Perlis (RM53.1 million) and Kelantan (RM33.1 million). However, imports decreased in Kedah (-RM368.5 million), Negeri Sembilan (-RM211.5 million), Pahang (-RM89.2 million), Sabah (-RM25.3 million) and Labuan (-RM16.5 million).

Among the top five major exporting states, Penang remained as the top exporter with a share of 31.8%, followed by Johor (19.0%), Selangor (17.7%), Sarawak (9.0%) and Kuala Lumpur (5.4%). As for imports, Selangor was the largest contributor with a share of 26.5%, followed by Penang (24.3%), Johor (20.7%), Kuala Lumpur (7.1%) and Kedah (5.8%).

(The Sun & The Edge, 29/12/2022)


MALAYSIA’S EXPORT FELL 0.7% IN NOVEMBER 2022

Malaysia’s export prices fell 0.7% in November 2022 while the import value index barely moved, according to the Department of Statistics. The export unit value index dipped to 148.7 points from 149.7 points in the October 2022, while import unit value index eased by a marginal 0.01 per cent to 133.2 points. The lower export unit value index was attributed to the decline in the indices of animal and vegetable oils and fats (-6.8%), inedible crude materials (-1.5%) and mineral fuels (-0.6%). On the export volume index, it also decreased by 0.4% in the same month due to the drop in the indices of mineral fuels (-23.6%) and manufactured goods (-3.1%). On the fall in Malaysia’s terms of trade, it was in line with the decrease in the indices of animal and vegetable oils and fats (-6.5%), mineral fuels (-3.2%) and inedible crude materials (-0.9%).

(NST, The Sun & Bernama, 29/12/2022)


PHASE 2 OF PUTRAJAYA MRT LINE OPERATIONAL BY MARCH 2023 

Phase 2 of the Putrajaya MRT Line will be operational by March 2023, according to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp). The 38.7km-long section of the Phase 2 alignment, which features 15 elevated stations and nine underground stations, is expected to be operational from March 2023. The line linking Kampung Batu station to Putrajaya Sentral has been completed. A total of 5,870 parking spots are available at the stations along the line. Once completed, the MRT Putrajaya Line will span 57.7km, with 36 stations from Kwasa Damansara to Putrajaya.

Upon completion of Phase 2, there will be 10 interchange stations where passengers can transfer to other rail lines. The interchanges are Kwasa Damansara (with Kajang MRT Line), Sungai Buloh (KTM), Sri Damansara Timur (KTM), Kampung Batu (KTM), Titiwangsa (Ampang and Sri Petaling LRT Lines, KL Monorail), Ampang Park (Kelana Jaya LRT Line), Tun Razak Exchange (Kajang MRT Line), Chan Sow Lin (Ampang and Sri Petaling LRT Lines), Sungai Besi (Sri Petaling LRT Line) and Putrajaya Sentral (ERL and KLIA Transit Lines).

(NST, 24/12/2022)


INDUSTRONICS AND PARTNERS SHORTLISTED FOR KEDAH AIRPORT PROJECT

Industronics Bhd has been shortlisted for the Kedah Aerotropolis development project (Kedah Airport project) together with its partners Bluemount Financial Group Ltd and China Investment Corp (CIC). The 3.3 billion euros (RM15 billion) project was slated to be an iconic infrastructure in Kedah.

(NST, 24/12/2022)


COMINTEL GETS RM228 MILLION BUILDING AWARD

Comintel Corp Bhd has secured a contract worth RM227.64 million from Mightyprop Sdn Bhd to build a 48-storey apartment block with 671 units of serviced apartments in Damansara Perdana, Sungai Buloh in Selangor. The letter of award was accepted by its wholly-owned subsidiary, Total Package Work Sdn Bhd. The development will also include a garden and water tank on the rooftop level above the five floors of the podium comprising facilities, business space (27 units), one unit 11kv substation and a carpark, as well as four levels of basement parking.

(The Star, 24/12/2022)


KITACON AIMS TO RAISE RM51.7 MILLION FROM MAIN MARKET IPO

Kumpulan Kitacon Bhd, en route for a listing on the Main Market of Bursa Malaysia on Jan 17, 2023, expects to raise RM 51.7 million from its initial public offering (IPO). The company plans to use 46.4% (RM24.0 million) of the proceeds to purchase construction equipment. Additionally, 38.7% (RM 20.0 million) of the proceeds will be used for land acquisition and the construction of a storage and refurbishment facility, 8.6% (RM 4.5 million) for estimated listing expenses, and 6.3% (RM 3.3 million) for working capital. Kitacon is a G7 building construction contractor involved in the construction of both residential and non-residential buildings, which include commercial, industrial, purpose-built and institutional buildings.

(The Star, NST & The Sun, 29/12/2022)


SUNWAY TO ACQUIRE MEDICAL CENTRE FROM SUNWAY REIT

Sunway Bhd is acquiring property from Sunway Real Estate Investment Trust (Sunway REIT) for RM430 million. Sunway Medical Centre Sdn Bhd (SMCSB) had entered into a conditional sale and purchase agreement with RHB Trustees Bhd (as trustee for Sunway REIT) for the proposed acquisition of the properties. The proposed acquisition entails the purchase of the lands and buildings known as “Tower A & B of Sunway Medical Centre”, together with the plant and machinery and all fixtures and fittings affixed or located or used in the buildings. The property is currently leased and used by SMCSB to operate a medical centre. The property is a seven-storey purpose-built hospital building with lower ground floor annexed with a multi-storey car park block and a convention centre.

(The Star, The Sun, The Edge & EdgeProp, 30/12/2022)


TAFI BAGS RM205 MILLION SOHO CONSTRUCTION PROJECT

Tafi Industries Bhd’s wholly owned subsidiary TAFI Home & Office Sdn Bhd has secured a RM205 million turnkey construction contract to build 941 units of Small Office Home Office (Soho) and related facilities in Subang Jaya, Selangor for the project’s main contractor, Metbuild Sdn Bhd. Meanwhile, the developer of the project, Pinnacle Homes SJ CBD Sdn Bhd, has appointed another wholly owned subsidiary of TAFI, TA Furniture & Projects Sdn Bhd, as the project management consultant. Both contracts shall be for a period of 34 months from the respective dates of commencement.

(The Star, NST, The Edge &  EdgeProp, 30/12/2022)


SUNSURIA FORUM TO HOST COLONY CO-WORKING SPACE

Sunsuria Bhd is collaborating with Colony Space Asia Sdn Bhd, a luxury co-working space and serviced office provider, to offer co-working and event space at Sunsuria Forum. Occupying 11,454 sq. ft. on the ninth floor, the highly anticipated luxury co-working and event space’s modern and trendy interior will be designed, built and managed by Colony with Sunsuria overseeing as a stakeholder. Sunsuria Forum is the first integrated social-living hub, which sits on a 13.5-acre development in Setia Alam, Selangor.

(The Star, EdgeProp & StarProperty, 29/12/2022)


NCT GROUP WOOS INVESTORS TO SMART INDUSTRIAL PARK

NCT Group of Companies (NCT Group) is working with Malaysia-China Chamber of Commerce (MCCC) to boost investment opportunities from local and international investors via its NCT Smart Industrial Park (NSIP) project located in Selangor. The company is working with the Hainan government to attract investors to invest in NCT’s properties and developments under NSIP. NCT is also working closely with state government investment arm, Invest Selangor, Malaysian Investment Development Authority, and the International Trade and Industry Ministry to give the project exposure by tapping into their pool of investors and network. Site clearing started earlier this month and NSIP phase 1A is fully booked. Located at the Integrated Development Region in South Selangor (IDRISS), it is being developed as a Fourth Industrial Revolution-inspired development.

(The Star, The Sun & Bernama, 29/12/2022)


GRAPHJET TO BUILD RM400 MILLION FACTORY IN PAHANG

Nasdaq-bound Graphjet Technology Sdn Bhd will build a RM400 million production facility in Phase 3 of Malaysia-China Kuantan Industrial Park in Pahang. The new 20-acre integrated plant (upstream and downstream) is expected to be completed within 18 to 20 months after the initial public offering (IPO). A signing ceremony for the project was held between Graphjet and the East Coast Economic Region Development Council (ECERDC) recently.

(NST, The Star & The Sun, 30/12/2022)


PTT SYNERGY TO BUY INDUSTRIAL LAND IN KLANG FROM SIME DARBY PROPERTY

PTT Synergy Group Bhd’s wholly owned sub-subsidiary PTT Assets Sdn Bhd has inked a sale and purchase agreement with Sime Darby Property (Bukit Raja) Sdn Bhd to acquire a 53,680 sq. ft tract with a double-storey detached factory in Kapar in Klang, Selangor, for RM12.26 million. The proposed acquisition is for the company’s business operations and to accommodate business expansion.

(The Star, The Edge & EdgeProp, 30/12/2022)


BATIK AIR TO LAUNCH FLIGHTS FROM KLIA TO SAPPORO AND OSAKA

Batik Air, formerly Malindo Air, will be launching flights from Kuala Lumpur International Airport to Sapporo and Osaka via Taipei from 3rd January and 20th January 2023 respectively. The announcement was made after the recent launch of its four-time weekly flights on the popular Kuala Lumpur-Tokyo route. In addition to the four-time weekly flights to Osaka, and three-time weekly flights to Sapporo, Batik Air is planning to increase flights to Tokyo to seven times a week. By March 2023, Batik Air will have a combined 14 weekly flights between Malaysia and Japan.

(NST, 27/12/2022)


MALAYSIA TO BENEFIT FROM CHINA’S REOPENING OF BORDERS

Malaysia will see a surge in flight demand following the reopening of China’s borders, according to the Ministry of Transport. It is believed that air traffic movement will increase between both countries in 2023. It was reported that China will reopen borders on 8 January 2023, after almost three years of closed borders.

(The Sun & Bernama, 29/12/2022)


NEW KAMPAR HOSPITAL TO BE BUILT WITHIN FIVE YEARS

A new Kampar Hospital is expected to be built within five years. The Perak health committee had identified a piece of land for the project in Kampung Changkat Baru. The plot, which was partly owned by the State with another 11 lots belonging to other individuals, with each lot costing about RM41,000.

(The Star, 28/12/2022)


SPECIAL RATES, FASTER APPROVALS FOR ‘GREEN HOME’ LOANS

To encourage ownership of “green” homes among Malaysian consumers, OCBC Bank (Malaysia) Bhd is offering special financing rates and speedier approvals through its Green Home Financing scheme. The special rates, lower than the bank’s standard home loans, and speedier approvals of within 48 hours are for those who opt to purchase a residential property that is either certified as a “green” building or is (or will be) installed with solar panels. The green buildings may be completed or under construction. A “green” building is one that has been certified to be such by the accreditation bodies such as Green Building Index (GBI), GreenRE, Leadership in Energy & Environmental Design (LEED) or BCA Green Mark. According to the Real Estate and Housing Developers’ Association Malaysia (Rehda) 2021/2022 Annual Report, there are 188 projects certified are under GreenRE.

(The Sun, 29/12/2022)


GREAT WALL MOTOR PLANS TO PLANT IN MALAYSIA

Chinese automaker Great Wall Motor (GWM) plans to work with various partners to establish 15 unified and multi-faceted terminal stores, mainly 3S stores, covering 70% of Malaysia’s capital cities by the end of 2023. The company will also begin local assembly of GWM cars in 2023. In addition, GWM’s spare parts warehouse in Shah Alam has also begun operations and their dealer, Superhub, recently opened its first sales showroom in Puchong, Selangor.

(NST, 30/12/2022)


NEW PLANS TO REFLECT CITY STATUS

The Pasir Gudang City Council (MBPG) will introduce two Special Area Plans in October 2023 as part of its Pasir Gudang Local Plan 2030 (RTPG 2030). This will be done once the city council completes its study on the Industry and Port Special Area Plan, and Villages in Outskirts of the City Special Area Plan, which is expected to begin in January 2023. Once the study is over, the findings will be handed over to the State Planning Committee (SPC) for approval in October 2023. The city council would reorganise all industrial areas in Pasir Gudang based on their needs and sectors. There is a mixture of heavy and light industries in Pasir Gudang industrial area as it was introduced in the 1970s. Through the special plan, the city council will group them based on their sectors and ensure their needs are tailor-made for them. Two international ports, namely Johor Port and Tanjung Langsat Port, would be improved and expanded to cater to the current needs of the industry.

(The Star, 27/11/2022)


HAILY SECURES RM52 MILLION CONTRACT FROM MAH SING

Construction firm Haily Group Bhd has secured a RM52.3 million contract from Meridin East Sdn Bhd, a wholly-owned subsidiary of Mah Sing Group Bhd, to build 283 units of two-storey terrace houses in Johor. Meridin East is Mah Sing’s largest integrated township in the Eastern Gateway of Iskandar Malaysia. The construction will take place in two phases, with 128 and 155 units of double-storey houses respectively. Both phases of the project are expected to be completed within 15 months from their commencement, which take place on March 31, 2023, and Sept 30, 2023, respectively.

(The Star, 30/11/2022)


VISTA EYE SPECIALIST OPENED SECOND CENTRE IN SKUDAI, JOHOR

Vista Eye Specialist has opened its second centre in Johor Baru, bringing its total number of branches nationwide to 13. The new centre, which began operations in November, is located in Sutera Utama, Skudai in Johor. The new centre takes up three shoplots in the popular Sutera Utama business district. The first branch in Johor Baru’s Mount Austin was opened in 2005 and has treated patients from Johor, Singapore and Indonesia.

(The Star, 27/11/2022)


TIONG NAM UNIT PARTNERS WITH JLAND TO DEVELOP HIGH TECH INDUSTRIAL PARK

Tiong Nam Logistics Holdings Bhd has teamed up with Johor Corp’s unit JLand Group Sdn Bhd to develop a high-tech logistics industrial park on a 300-acre land at Sedenak Technology Valley in Johor. Tiong Nam’s wholly-owned Tiong Nam Logistics Solutions Sdn Bhd (TNLS) had signed a joint venture (JV) agreement  with JLand. A JV company, JTN Logistics Park Sdn Bhd, would be used as the vehicle to undertake the acquisition of the 300-acre land, as well as development and management of the industrial park. JTN will acquire the development land from JLand for RM52.3 million or RM4.00 per square foot. The land has a leasehold period of 99 years and is currently under the ownership of JCorp, and will be procured by JLand before its sale to JTN. Construction of the logistics industrial park is expected to begin in 2025, or within three years from securing approval for the development layout plan and other relevant authority approvals.

(NST, The Star, The Edge & Edge Prop, 29/12/2022)


SUNNY GETAWAY IN PENANG

Bertam Souk & Water Park on the mainland had its “soft opening” recently. The park had received a positive response since its soft opening on 15th December 2022. It has been receiving an average of about 800 to 900 visitors daily. The highest turnout was on 22nd of December when there are about 1,300 holidaymakers. In addition, the resort will officially open at the end of January 2023.

(NST, 27/12/2022)


G HOTEL GURNEY REOPENED

G HOTEL Gurney in Penang has reopened after an extensive renovation. The 10-month makeover project has transformed all common areas and facilities while giving its 312 rooms a refreshed look. Work is still ongoing at the ground and first floors of the hotel. When completed by 1Q23, the area will become Central@Gurney, a new food, beverage and lifestyle nexus. G Hotel Gurney has recently been named in the Michelin Guide. It is one of just four hotels in Penang to be featured.

(The Star, 29/12/2022)

 

 

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