UDA expands Bumiputera business access with KKS UDA Vista initiative
Each unit spans approximately 1,200 square feet, featuring a modern and practical layout suitable for various business activities. UDA President and Chief Executive Officer Johari Shukri Jamil highlighted the strategic location of the project in Bandar UDA Utama. 'Applications can now be submitted via the Johor eRumah system,' he said during the launch at the Johor Property Expo 2025 (JPEX 2025) in Angsana Johor Bahru Mall.
The initiative includes a low down payment scheme, with UDA covering legal fees for Sale and Purchase Agreements (SPA) and Loan Agreements. Johari Shukri emphasized that KKS UDA Vista aims to facilitate Bumiputera entrepreneurship and support micro, small, and medium enterprises (MSMEs). 'This effort strengthens the local economy and stimulates Johor's property sector growth,' he added.
As an agency under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), UDA remains committed to expanding Bumiputera property ownership. Beyond KKS UDA Vista, the company is offering various properties, including terrace houses, shop-offices, and serviced apartments, starting from RM288,054 for the 2025–2026 period.
UDA Land (South) Sdn Bhd Chief Operating Officer Muhammad Ismail Dasuki announced a special three-day sales package during JPEX 2025. 'We encourage Johoreans to visit our booth and explore these opportunities,' he said. Interested buyers can also visit the UDA Land (South) Sales Gallery in Bandar Baru UDA or check www.udaproperty.com.my for details. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BusinessToday
2 hours ago
- BusinessToday
Median Wage Rises To RM3000 In March As Labour Market Strengthens
Malaysia's formal sector labour market continued its recovery in early 2025, with the median monthly wage reaching RM3,000 in March, a 5.5% increase from RM2,844 in the same month last year. The growth in wages was supported by steady employment gains and government wage policies, including the upward revision of the minimum wage. According to the Department of Statistics Malaysia (DOSM), formal sector employment expanded by 3.6% year-on-year in March, with earlier gains of 3.1% in January and 3.4% in February, reflecting consistent momentum across the first quarter of 2025. Of the 6.8 million formal employees, the report showed males accounted for 55.1% (3.7 million), earning a median wage of RM3,000, while females made up 44.9% (3.04 million) with a slightly lower median wage of RM2,982. Wage growth was stronger among women, rising by 6.5%, compared to 3.4% for men, indicating gradual progress in closing the gender wage gap. Wages rose across all age groups, with the most notable increase among employees under 20, whose median wage surged by 13.3% to RM1,700. However, employment numbers declined slightly in the 20–24 age bracket, bucking the positive trend seen in other age groups. DOSM noted that the Mining & Quarrying sector continued to offer the highest remuneration, with a median wage of RM8,800, despite employing just 0.6% of the workforce. This marked a 4.8% year-on-year rise. At the other end of the spectrum, the Agriculture sector recorded the lowest median wage at RM2,200, covering 1.9% of formal employees. Geographically, Wilayah Persekutuan Kuala Lumpur topped the wage scale with a median of RM4,445, followed by Selangor at RM3,300. In contrast, Sabah (RM2,000), Kelantan (RM1,800), and Perlis (RM1,800) had the lowest median monthly wages in the country. While wage levels rose, income distribution remains a point of concern. As of March 2025: 27.4% of formal employees earned below RM2,000, down from 31.2% in March 2024, suggesting modest progress in reducing low-income prevalence. The 10th percentile earned RM1,700 or less, but this marked a 13.3% increase compared to RM1,500 a year ago. The 90th percentile of high-income earners made RM11,000 or more, up 4.8% year-on-year. The upward trend in wages and employment signals a healthier labour market environment, underpinned by robust economic growth and proactive policy measures. Related
The Star
5 hours ago
- The Star
Two Bumiputera companies targeted for Bursa Malaysia listing by year-end
KUALA LUMPUR: The government aims to have at least two Bumiputera companies listed on Bursa Malaysia by the end of this year. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the Bumiputera Rapid Acceleration and Value Enhancement (BRAVE) programme launched today will be a game-changer in building and boosting the Bumiputera entrepreneurial ecosystem towards achieving that target. He said BRAVE would offer alternative financing of up to RM1 million for high-performing Bumiputera companies at a competitive profit rate of just 3.5 per cent, in addition to introducing comprehensive capacity building initiatives to help companies advance to a higher level. "A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year," he said in a speech at the launch of the BRAVE programme at the Parliament building here today. His speech was delivered by the Minister of Entrepreneur and Cooperatives Development, Datuk Ewon Benedick. Ahmad Zahid, who is also the Minister of Rural and Regional Development, noted that as of 2022, out of a total of 945 companies listed on Bursa Malaysia, only 62, or just seven per cent, were majority-owned by Bumiputeras. "More concerning is that over the past four years, only one Bumiputera company has been listed compared with 96 non-Bumiputera companies. This reflects an urgent reality; we cannot remain complacent with the 'status quo' but must step out of our comfort zones and create change. "To achieve this target, strategic training in areas such as investor relations, corporate communications, post-Initial Public Offering (IPO) growth strategies, prospectus preparation, and due diligence must be carried out meticulously, alongside strengthened collaboration with industry partners,' he said. Meanwhile, touching on micro, small, and medium enterprises (MSMEs), Ahmad Zahid said the sector currently accounts for 97.4 per cent of all businesses in Malaysia. In 2023, this sector contributed over RM631.1 billion to the country's gross domestic product (GDP) and RM152.2 billion to exports, and most importantly, provided more than seven million job opportunities. "However, despite this strength, our MSMEs are still plagued by three key challenges - limited access to capital, low competitiveness, and constraints in scaling up,' he said. He expressed hope that the BRAVE programme would also serve as a high-impact accelerator or catalyst for the sector. - Bernama
The Sun
5 hours ago
- The Sun
Two Bumiputera firms targeted for Bursa Malaysia listing by year-end
KUALA LUMPUR: The government is targeting at least two Bumiputera companies to be listed on Bursa Malaysia by the end of this year. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi revealed this during the launch of the Bumiputera Rapid Acceleration and Value Enhancement (BRAVE) programme today. The initiative aims to strengthen the Bumiputera entrepreneurial ecosystem by offering alternative financing of up to RM1 million at a competitive profit rate of 3.5 per cent. Additionally, selected companies will receive comprehensive capacity-building support to prepare them for public listing. 'A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year,' Ahmad Zahid said in his speech, delivered by Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick. As of 2022, only 62 out of 945 companies listed on Bursa Malaysia were majority Bumiputera-owned, representing just seven per cent. Over the past four years, only one Bumiputera company was listed compared to 96 non-Bumiputera firms. 'More concerning is that over the past four years, only one Bumiputera company has been listed compared with 96 non-Bumiputera companies. This reflects an urgent reality; we cannot remain complacent with the 'status quo' but must step out of our comfort zones and create change,' he said. To achieve the listing target, Ahmad Zahid emphasised the need for strategic training in investor relations, corporate communications, and IPO preparation, alongside stronger industry collaboration. On micro, small, and medium enterprises (MSMEs), he noted that the sector contributes 97.4 per cent of all businesses in Malaysia, generating RM631.1 billion in GDP and RM152.2 billion in exports in 2023. However, challenges such as limited capital access and low competitiveness persist. He hopes the BRAVE programme will serve as a catalyst for MSME growth, addressing these barriers while fostering economic inclusivity. - Bernama
