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Resources, halal standards and JS-SEZ attracting investors
Resources, halal standards and JS-SEZ attracting investors

The Star

time5 days ago

  • Business
  • The Star

Resources, halal standards and JS-SEZ attracting investors

JOHOR BARU: Malaysia's abundant natural resources, halal certification standards and the Johor-Singapore Special Economic Zone (JS-SEZ) have made the state an attractive destination for investors in food-related industries. Johor investment, trade, consumer affairs and human resour­ces committee chairman Lee Ting Han said food processing companies from Singapore and South Korea are actively exploring expansion under the JS-SEZ initiative. 'They are looking at Johor as an alternative or as a food production hub because of our natural resources and also because of Malaysia's halal certification standards,' he said in an interview. Lee said the recent launch of a RM40mil joint venture between digital agri-food company Farmbyte – a subsidiary of state-owned Johor Corporation – and Singapore agri-tech firm Archisen reflects strong investor confidence in Johor as a food production hub. 'The collaboration makes the project, located in Iskandar Puteri, one of the largest vertical farming plants in the country. 'The joint venture company is actively exploring other bigger sites for the near future. The first batch of produce from the farm in Iskandar Puteri will enter the market in September,' he said. Lee said the farm, which uses climate control technologies, would initially focus on high-value vegetables before expanding to other greens to reduce production costs and product prices. He said that Farmbyte and Archisen would offtake the vegetables produced by the joint venture for Malaysian and Singaporean markets, respectively. While there are no strict policies compelling foreign food companies investing in Johor to supply products to the local market to strengthen food security, Lee said that companies receiving government incentives would be subject to certain conditions to supply to the local market. Food security is one of the 11 key economic sectors outlined in the JS-SEZ initiative. The other sectors include logistics, manufacturing, financial services, business services, digital economy, tourism, education, health, energy and the green economy. According to the Malaysian Investment Development Autho­rity, the JS-SEZ covers 3,588sq km, comprising nine flagship zones – Johor Baru, Iskandar Puteri, Tanjung Pelepas, Tanjung Langsat-Kong Kong, Senai-Skudai, Kulai-Sedenak, Desaru-Penawar, Forest City and Pengerang.

Malaysia's largest indoor vertical farm launched in Johor
Malaysia's largest indoor vertical farm launched in Johor

The Star

time07-07-2025

  • Business
  • The Star

Malaysia's largest indoor vertical farm launched in Johor

ISKANDAR PUTERI: Digital agri-food company Farmbyte, part of the state-owned Johor Corporation, and a Singaporean agritech firm have launched the biggest indoor vertical farm in Malaysia. Johor Mentri Besar Datuk Onn Hafiz Ghazi said the RM40mil joint venture is a collaboration under the Johor-Singapore Special Economic Zone (JS-SEZ). 'The project, formalised in April 2023, is a showcase of the strong and strategic partnership between Malaysia and Singapore in the area of food resilience. 'The collaboration between FarmByte and Singapore's Archisen marks a pioneering initiative under the JS-SEZ, and it will set an ecosystem to strengthen food security in both countries,' he said after launching the indoor farm here on Monday (July 7). He added that the 4,830 sqm (52,000 sq ft) indoor farm was also a clear demonstration that agriculture today was no longer constrained by land, climate or seasonality alone. 'Through controlled-environment agriculture, smart systems and cutting-edge vertical farming technologies, we are proving that Johor's food production can be sustainable, resilient and scalable,' he said. With an estimated annual output of 306,000 kg of fresh produce, the farm is a strategic asset supporting Malaysia's National Food Security Policy Action Plan and Singapore's '30 by 30' food resilience goal.

JCorp sees strong revenue and profit growth in FY24
JCorp sees strong revenue and profit growth in FY24

The Star

time02-07-2025

  • Business
  • The Star

JCorp sees strong revenue and profit growth in FY24

Johor Corporation president and chief executive Datuk Syed Mohamed Syed Ibrahim KUALA LUMPUR: Johor Corporation (JCorp) reported a 12% rise in revenue to RM6.96bil for the financial year ended Dec 31, 2024 (FY24), up from RM6.2bil in FY23. In a statement, JCorp said its profit before tax rose 19% to RM718mil, driven by strong performances in the agribusiness and wellness and healthcare divisions, strategic asset disposals, and tighter cost controls. The group said the stronger results reflect ongoing momentum from the JCorp 3.0 Reinvention Plan, which is transforming the organisation into an impact-led, value-driven investment holding company. It noted that FY24 saw improved contributions across key sectors, supported by targeted capital allocation, portfolio optimisation, and enhancements to the operating model. In FY24, several of JCorp's investee companies reached key milestones. Johor Plantations Group Bhd (JPG) was listed on Bursa Malaysia, enabling reinvestment and unlocking long-term value. KPJ Healthcare Bhd (KPJ) launched Malaysia's first Academic Health System, refreshed its brand, and announced a collaboration with Mayo Clinic to expand its global reach. 'FY24 marked a step-change in how JCorp delivers value as an investment institution. We realigned our portfolio, strengthened capital discipline, and created room for our investee companies to lead with clarity — from listing JPG to KPJ's rebranding and healthcare innovation,' president and chief executive Datuk Syed Mohamed Syed Ibrahim said. 'As we continue to play our role as responsible stewards, our focus remains on building institutions that drive long-term impact. Every decision, every partnership and every investment must contribute to economic resilience and create value that lasts — for Johor and for Malaysia.' In FY24, KPJ recorded a revenue of RM3.92bil in FY24, marking a 15% year-on-year (YoY) growth. KPJ recorded revenue of RM3.92bil in FY24, a 15% increase year-on-year, driven by strong patient trust in its 'Care for Life' approach. Its net profit rose to RM407.2mil, supported by improved margins, better operational efficiency, and prudent financial management. JCorp's agribusiness vertical, led by Kulim (Malaysia) Bhd through its core investee JPG, recorded revenue of RM1.61bil in FY24. This represents an 18% increase compared to the previous year, driven by strong operational performance and favourable market conditions. Net profit from continuing operations stood at RM242.7mil, supported by improved commodity pricing and sustained cost efficiency. It also recognised a one-off loss of RM129mil from the divestment of its discontinued operation segment, resulting in total net profit of RM113.5mil for FY24. Meanwhile, JLand Group posted RM1.30bil in revenue for 2024, up 9% from 2023, driven by strong contributions from property development and integrated community solutions. It recorded RM205.81mil in profit before tax and RM157.8mil in net profit, reflecting solid operations and effective cost management. QSR Brands (M) Holdings Bhd, operator of KFC and Pizza Hut in Malaysia and the region, recorded total revenue of RM3.53bil, with RM3.23bil coming from continuing operations. At the holding level, JCorp recorded RM759mil in revenue and RM634mil in net profit. This included RM425.82mil in dividend income — primarily from Kulim (RM356.42mil) and KPJ (RM64.95mil) and RM223.47mil in proceeds from industrial land sales. As of Dec 31, 2024, JCorp's total assets under management (AUM) stood at RM24.50bil.

Trading ideas: KPJ, Yinson, Apollo, BLand, MMHE, Theta, Chin Hin, UWC, Jaycorp
Trading ideas: KPJ, Yinson, Apollo, BLand, MMHE, Theta, Chin Hin, UWC, Jaycorp

The Star

time18-06-2025

  • Business
  • The Star

Trading ideas: KPJ, Yinson, Apollo, BLand, MMHE, Theta, Chin Hin, UWC, Jaycorp

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. KPJ Healthcare Bhd has awarded a total of RM32mn worth of hospital renovation works to a company linked to its major shareholder Johor Corporation. Yinson Holdings Bhd said it has closed the first tranche of US$300mn (RM1.3bn) from US$1bn committed by a consortium of international investors. Apollo Food Holdings Bhd aims to continue the rationalisation of its manufacturing facilities and the execution of its capacity expansion plans in the FY2026. Berjaya Land Bhd has entered into a memorandum of understanding with Impianan Utara Sdn Bhd to explore rare earth mining and the planting of Napier hybrid grass and Blackthorn durian in Perlis. Malaysia Marine and Heavy Engineering Holdings Bhd has secured a final legal victory in its long-standing dispute with Kebabangan Petroleum Operating Company Sdn Bhd, after the Federal Court dismissed KPOC's application for leave to appeal against an earlier Court of Appeal decision. Theta Edge Bhd has accepted a letter of award from the National Cancer Society Malaysia for the provision of mobile X-ray equipment worth RM4.4mn. Chin Hin Group Bhd has terminated its proposed acquisition of substantial stakes in two data centre specialist firms, Critical System Specialist Sdn Bhd and CSS Engineering and Construction Sdn Bhd. UWC Bhd remains optimistic about its business prospects and the industries it operates in, citing signs of recovery after reporting a near-doubling of net profit to RM8mn for the 3QFY25. Jaycorp Bhd has posted its first quarterly loss of RM2.2mn in more than three years in the 3QFY25, weighed down by sluggish furniture demand in both domestic and export markets as well as unfavourable foreign exchange rates.

Johor's healthcare strength a foundation of future regional innovation hub -- JCorp
Johor's healthcare strength a foundation of future regional innovation hub -- JCorp

The Sun

time01-06-2025

  • Business
  • The Sun

Johor's healthcare strength a foundation of future regional innovation hub -- JCorp

JOHOR BAHRU: Johor Corporation (JCorp) sees Johor's healthcare strength as the foundation of a future regional innovation hub, serving ASEAN's rising demand for clinical excellence and skilled medical talent. President and chief executive Datuk Syed Mohamed Syed Ibrahim said Johor has the assets and institutional depth to strengthen its position in healthcare, and JCorp's role is to mobilise these strengths in a way that drives quality and reach. He said KPJ HealthCare Bhd, the healthcare arm of JCorp, is developing Malaysia's first Academic Health System, integrating clinical care, education and research. 'This is anchored by three pillars, namely via KPJ hospitals, KPJ Healthcare University (KPJU) and KPJ Research and Innovation Centre. 'It is designed to deliver a gold standard in healthcare by incorporating global best practices in medical treatment, training and innovation,' he told Bernama in an interview recently. He said KPJU, in particular, is a key platform for developing medical, nursing and allied health professionals who are regionally competent and globally aligned. 'Furthermore, our collaboration with the Mayo Clinic Care Network and the development of centres of excellence in oncology, cardiology, orthopaedics, and robotic surgery will augment JCorp's strategy in positioning not only Johor but also Malaysia as an international healthcare hub,' he said. Meanwhile, Syed Mohamed said JCorp could also collaborate with investment fund such as Kumpulan Wang Persaraan (Diperbadankan), Khazanah Nasional Bhd or Singapore's Temasek Holdings Ltd to co-fund strategic infrastructure projects. 'We are actively developing investment pathways that align with the priorities of long-term institutional capital. 'Strategic infrastructure succeeds when it is built on shared governance, long-term risk clarity and measurable outcomes,' he said. He said JCorp is shaping co-investment platforms that enable capital to scale across catalytic zones such as Ibrahim Technopolis (IBTEC) and logistics corridors linked to the Johor-Singapore Special Economic Zone (JS-SEZ). 'These platforms are structured to deliver clear returns, environmental, social and governance (ESG)-aligned performance and economic spillover for Johor. 'Our engagement with institutional partners is guided by outcome alignment. We prioritise partners who bring capital stewardship, sectoral insight and the ability to co-design infrastructure that meets regional demand across energy, digital and logistics,' he added.

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