logo
WCT reaffirms commitment to sustainable financial growth across core divisions

WCT reaffirms commitment to sustainable financial growth across core divisions

KUALA LUMPUR: WCT Holdings Bhd has reaffirmed its commitment to sustainable financial growth across its core divisions.
The company said the engineering and construction division continues to pursue new infrastructure opportunities while improving efficiency, while the property development division is supported by a healthy project pipeline, including upcoming property launches at W City Larkinton in Johor Bahru and WCity OUG, Kuala Lumpur.
"Strong domestic spending and a rebound in tourist arrivals are expected to continue driving growth across the group's retail mall operations, particularly at its airport malls as well as in the hospitality and business aviation segments," it said in a statement released after the company's annual general meeting (AGM) today.
WCT noted that the continued recovery in travel and tourism supported by national initiatives such as Visit Malaysia 2026 positions the group's hospitality and aviation businesses to strengthen their market presence and diversify revenue streams.
The successful listing of Paradigm REIT on June 10, 2025 marks a key milestone in the group's asset monetisation and capital recycling strategy.
WCT group managing director Datuk Lee Tuck Fook said, while global economic uncertainties persist, the company remains cautiously optimistic about its prospects.
"Our diversified business portfolio and strategic initiatives position us well to navigate challenges and capitalise on emerging opportunities in the year ahead," he said.
WCT concluded its 14th AGM today, with all nine resolutions tabled duly passed by its shareholders.
-- BERNAMA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tourism agency association: Protests could tarnish Malaysia's image, impact Visit Malaysia year
Tourism agency association: Protests could tarnish Malaysia's image, impact Visit Malaysia year

New Straits Times

time2 hours ago

  • New Straits Times

Tourism agency association: Protests could tarnish Malaysia's image, impact Visit Malaysia year

KUALA LUMPUR: The Malaysia Tourism Agency Association (Mata) has expressed its concern over the impact of street demonstrations, particularly in the lead-up to Visit Malaysia 2026 (VM2026), as they could threaten public security and tarnish the country's reputation as a safe tourism destination. It said that with Malaysia actively promoting VM2026 to attract millions of international visitors, such continued large-scale public demonstrations could hinder those efforts. "A tarnished national image can directly affect tourist arrivals and foreign investments. Demonstrations can affect business operations and employment opportunities, and increase the overall cost of living for the people. The people's peace and safety are priorities that cannot be compromised," it said in a statement today. Mata also warned that mobilising the people to take to the streets posed a security risk, including potential provocation, conflicts and disorders that could threaten public order. It also said that Malaysia, known as a destination for Islamic and nature-based tourism, would face huge challenges if street demonstrations continue and receive negative media exposure globally. Meanwhile, Mata president Datuk Sri Dr Mohd Khalid Harun said in the same statement that Malaysia is currently in a strong post-pandemic economic recovery phase. "Stability and peace are the foundation of progress in the tourism industry. Without safety guarantees, tourists will choose other destinations, which are more stable and safer," he said. He said that Mata recognises the people's right to voice their opinions, but stressed that every action must be carried out responsibly without compromising national harmony. "We must work together to maintain stability to ensure VM2026 is successful and the people's economy continues to grow," he said.

Political unrest threatens Malaysia's tourism & economy
Political unrest threatens Malaysia's tourism & economy

The Sun

time2 hours ago

  • The Sun

Political unrest threatens Malaysia's tourism & economy

PETALING JAYA: The Malaysia Tourism Agency Association (MATA) has expressed concern that ongoing political instability and large-scale public demonstrations could harm Malaysia's international image, investor confidence, and tourism growth. Its president Datuk Seri Mohd Khalid Harun said such unrest threatens efforts to promote Visit Malaysia Year 2026, a national initiative aimed at attracting millions of international tourists. 'Malaysia is now in a strong phase of post-pandemic economic recovery. Any actions that disrupt political stability and national security may hinder the growth of both the tourism and economic sectors,' he said in a statement. Mohd Khalid said prolonged street protests can affect business operations, job opportunities and investor confidence, ultimately increasing the cost of living for Malaysians. He stressed that public safety must remain a priority as large gatherings carry risks of provocation, conflict and chaos that could threaten public order. 'Stability and peace are the foundation of tourism growth. Without guaranteed safety, tourists will simply choose other destinations that are more stable and secure.' He added that a negative global media coverage could also severely impact the country's Islamic and nature-based tourism sectors. 'Tourism is a major contributor to Malaysia's economy, supporting millions of jobs. 'We recognise the right to voice opinions, but it must be done responsibly and not at the expense of national harmony. We must protect our stability to ensure the success of Visit Malaysia 2026 and the continued growth of the people's economy,' he added. The latest rally, held on Saturday at Dataran Merdeka, saw nearly 15,000 people in attendance.

Street protests risk Malaysia's tourism growth ahead of VM2026
Street protests risk Malaysia's tourism growth ahead of VM2026

The Sun

time3 hours ago

  • The Sun

Street protests risk Malaysia's tourism growth ahead of VM2026

KUALA LUMPUR: The Malaysia Tourism Agency Association (MATA) has raised concerns over ongoing street protests, warning they could damage the country's reputation as a safe travel destination ahead of Visit Malaysia 2026 (VM2026). With Malaysia actively promoting the tourism campaign to attract international visitors, large-scale demonstrations risk undermining economic recovery and public security. 'A tarnished national image can directly affect tourist arrivals and foreign investments,' MATA stated. The association highlighted that protests disrupt business operations, reduce job opportunities, and increase living costs, stressing that public safety must remain a priority. MATA cautioned that mass mobilisations could escalate into conflicts, further destabilising public order. Malaysia, known for Islamic and nature-based tourism, faces significant challenges if negative global media coverage persists. Datuk Sri Dr Mohd Khalid Harun, MATA president, noted Malaysia's post-pandemic recovery hinges on stability. 'Tourists seek safe destinations. Without peace, they will choose alternatives,' he said. While acknowledging the right to protest, he urged responsible actions to safeguard national harmony. 'Collective efforts are vital to ensure VM2026's success and sustained economic growth,' he added. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store