Latest news with #MGB
New Straits Times
2 days ago
- Business
- New Straits Times
MGB partners with Doka to advance IBS construction solutions
KUALA LUMPUR: MGB Berhad, the construction and property development arm of LBS Bina Group Bhd, has entered into a strategic Memorandum of Collaboration (MoC) with Doka Formwork Malaysia Sdn Bhd to jointly develop innovative engineering solutions for projects using Industrialised Building System (IBS) precast concrete elements. Doka Formwork Malaysia, a subsidiary of global formwork and scaffolding leader Doka GmbH, brings expertise in optimised formwork systems, scaffolding solutions, engineering design, and technical support for cast-in-situ concrete—complementing MGB's strengths in IBS precast concrete, particularly for large-scale residential developments. Through the collaboration, both parties aim to enhance and integrate their respective technologies, combining formwork and scaffolding systems with on-site precast concrete components such as panels to streamline construction processes and improve efficiency. They will also explore new opportunities, align technical strategies, and implement forward-thinking construction solutions that deliver tangible performance improvements and long-term value. The MoC was formalised in the presence of key representatives from both companies, including MGB group executive chairman Tan Sri Ir. (Dr.) Lim Hock San, executive director and chief executive officer (CEO) Datuk Lim Lit Chek, Doka GmbH CEO Robert Hauser, and Doka Malaysia country manager Teh Aun Kua. "By partnering with a global formwork leader like Doka, we are not only enhancing the quality and efficiency of our projects in Malaysia and Saudi Arabia but also reinforcing our commitment to innovation, sustainability, and international excellence. We believe this will lead to stronger project outcomes and long-term value for all stakeholders," Lim said in a statement. MGB noted that the partnership supports its ongoing efforts to digitise and optimise construction processes, which is in line with Malaysia's transition to a more modern and sustainable industry. The company's IBS technology has already helped reduce material wastage and improve resource control. In line with its ESG goals, MGB is also focused on upskilling its workforce—particularly in automation, design, and manufacturing—while continuing to lower its carbon footprint through sustainable practices.
Cision Canada
5 days ago
- Business
- Cision Canada
Mackenzie Investments Announces July 2025 Distributions for its Exchange Traded Funds Français
TORONTO, July 25, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the July 2025 monthly cash distributions for its Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange ("TSX") and Cboe Canada. Unitholders of record on August 1, 2025, will receive cash distributions payable on August 11, 2025. Details of the per-unit distribution amounts are as follows: Mackenzie ETF Ticker Symbol Distribution per Unit ($) CUSIP ISIN Payment Frequency Exchange Mackenzie Core Plus Global Fixed Income ETF MGB $ 0.04913 55452P101 CA55452P1018 Monthly TSX Mackenzie Unconstrained Bond ETF MUB $ 0.06346 55454N104 CA55454N1042 Monthly TSX Mackenzie Floating Rate Income ETF MFT $ 0.10628 55453X103 CA55453X1033 Monthly TSX Mackenzie Core Plus Canadian Fixed Income ETF MKB $ 0.04052 55452R107 CA55452R1073 Monthly TSX Mackenzie Canadian Short Term Fixed Income ETF MCSB $ 0.05171 55452Q109 CA55452Q1090 Monthly TSX Mackenzie Canadian Aggregate Bond Index ETF QBB $ 0.25197 55452S105 CA55452S1056 Monthly TSX Mackenzie Canadian Short-Term Bond Index ETF QSB $ 0.26238 55453K101 CA55453K1012 Monthly TSX Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) QUIG $ 0.28804 55455H106 CA55455H1064 Monthly TSX Mackenzie US High Yield Bond Index ETF (CAD-Hedged) QHY $ 0.44626 55455K109 CA55455K1093 Monthly TSX Mackenzie Emerging Markets Local Currency Bond Index ETF QEBL $ 0.34219 55455J102 CA55455J1021 Monthly TSX Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged) QEBH $ 0.32281 55454J103 CA55455J1030 Monthly TSX Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged) QDXB $ 0.22515 55454P109 CA55454P1099 Monthly TSX Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged) QUB $ 0.22700 554557108 CA5545571088 Monthly TSX Mackenzie Global Fixed Income Allocation ETF MGAB $ 0.06407 554552208 CA5545522081 Monthly TSX Mackenzie Canadian Ultra Short Bond Index ETF QASH $ 0.12063 554564104 CA5545641048 Monthly TSX Mackenzie US Government Long Bond Index ETF QTLT $ 0.26139 55454Q107 CA55454Q1072 Monthly TSX Mackenzie Canadian Government Long Bond Index ETF QLB $ 0.29025 55455N103 CA55455N1033 Monthly TSX Mackenzie Global High Yield Fixed Income ETF MHYB $ 0.06984 55454M106 CA55454M1068 Monthly Cboe Canada Mackenzie Canadian All Corporate Bond Index ETF QCB $ 0.34444 55454A102 CA55454A1021 Monthly Cboe Canada Mackenzie US TIPS Index ETF (CAD-Hedged) QTIP $ 0.27890 55456B108 CA55456B1085 Monthly Cboe Canada Mackenzie Global Sustainable Bond ETF MGSB $ 0.03596 554565101 CA5545651013 Monthly Cboe Canada Wealthsimple North American Green Bond Index ETF (CAD-Hedged) WSGB $ 0.05046 94702B109 CA94702B1094 Monthly Cboe Canada Mackenzie Target 2027 North American IG Corporate Bond ETF MTBA $ 0.02534 554554105 CA5545541057 Monthly TSX Mackenzie Target 2029 North American IG Corporate Bond ETF MTBB $ 0.02907 554540104 CA5545401047 Monthly TSX Mackenzie AAA CLO ETF MAAA $ 0.06782 554538108 CA5545381082 Monthly TSX Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie Investments Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $224 billion in assets under management as of June 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $283 billion in total assets under management and advisement as of June 30, 2025. For more information, visit
The Star
5 days ago
- Business
- The Star
MGB and Doka to explore innovative additions to MGB's IBS precast system
Executive director and chief executive officer Datuk Lim Lit Chek, MGB's group executive chairman Tan Sri Ir Dr Lim Hock San, Doka GmbH chief executive officer Robert Hauser,MGB Bhd deputy chief executive officer Victor Wong , pose for a photo during the signing of the Memorandum of Collaboration between MGB Berhad and Doka Formwork Malaysia Sdn Bhd. LEADING construction and property development solutions provider MGB Bhd – a subsidiary of LBS Bina Group Bhd, has entered into a strategic Memorandum of Collaboration (MOC) with Doka Formwork Malaysia Sdn Bhd – part of Doka GmbH, a global leader in formwork, scaffolding, and engineering solutions. Guests from Malaysia were received by Doka GmbH chief executive officer Robert Hauser, on arrival at Doka's headquarters in Austria. Under this strategic collaboration, both parties will be looking to develop new or innovative engineering solutions for projects that utilised IBS precast concrete elements under MGB's purview. Doka's leadership in providing optimised formwork systems, scaffolding solutions, engineering design, and technical support for cast in-situ concrete elements will be crucial to complementing MGB's IBS precast concrete technology that is used for efficient and quality in mass construction of residential units. By leveraging on the strengths of each party, Doka and MGB will look towards coming up with enhancements through innovation on the existing IBS precast concrete technology, by supplementing and combining relevant formwork and scaffolding solutions with on-site precast concrete elements such as panels, with an aim to integrate such solutions seamlessly. Both parties will also endeavour to explore opportunities, align technical strategies, and implement innovative construction solutions that deliver measurable value and performance. Additionally, this collaboration is one more step in MGB's aspiration and continuous effort to digitise and optimise its operations and construction process, as Malaysia advances toward a more efficient, sustainable, and modern construction industry. Through IBS precast concrete technology, MGB has successfully controlled its material usage and reduced wastage. In line with its on-going ESG goals, MGB consistently improves its ways to upscale the skills of its workers towards automation and skilled roles, especially in design and manufacturing, while reducing its carbon footprint by incorporating sustainable practices into its processes. The signing of the MOC was attended by key leaders from both parties. For MGB, the session was led by MGB's group executive chairman Tan Sri Ir Dr Lim Hock San, executive director and chief executive officer Datuk Lim Lit Chek. Doka was represented by Robert Hauser and Doka Malaysia's country manager Teh Aun Kua. Commenting on the potential that the strategic collaboration can deliver, Lim, said: 'By partnering with a global formwork leader like Doka, we are not only enhancing the quality and efficiency of our projects in Malaysia and Saudi Arabia, but also reinforcing our commitment to innovation, sustainability, and international excellence. 'We believe this will lead to stronger project outcomes and long-term value for all stakeholders.'
NDTV
5 days ago
- Automotive
- NDTV
MG Cyberster Launched In India At Rs 75 Lakh: Specs, Top Speed, Features, Design
JSW MG Motor India announces the launch of the Cyberster, claimed as the world's fastest MG, an electric sports car. Available for Rs 74.99 lakh (ex-showroom) for fresh bookings. Meanwhile, if you have made a pre-launch reservation, then it will set you back to Rs 72.49 lakh (ex-showroom). The Cyberster fuses modern performance with the timeless appeal of classic open-top motoring. The brand claims that the MG Cyberster is rooted in the spirit of the legendary MGB, and the Cyberster reinterprets the roadster silhouette for the electric age. MG Cyberster: Specs The Cyberster gets a 77 kWh ultra-thin battery pack, mated with a dual-motor all-wheel-drive powertrain that delivers 510 PS and 725 Nm of torque. With Launch Control Mode engaged, it can shoot from 0 to 100 kmph in just 3.2 seconds. Also, the battery pack is claimed to be the slimmest in the industry at just 110 mm, and it offers an MIDC-certified range of 580 km on a single charge. MG Cyberster: Top Speed The MG Cyberster electric sports car boasts a top speed of 200 kmph. Also, the vehicle has set a record of 0-100 kmph acceleration at the Sambhar Salt Lake in Rajasthan. As per the brand's announcement, the record has been recognised by the Asia Book of Records and the India Book of Records. MG Cyberster: Exterior The brand says that the Cyberster's silhouette is sculptural yet purposeful. It has electric scissor doors and a soft-top roof, signature headlamps, Kammback rear, and active aero elements. The front fascia is defined by distinctive LED lighting, sharp DRLs, and a sculpted bonnet, while the rear tapers elegantly into a full-width LED light bar with integrated indicators. The 20-inch staggered lightweight alloy wheels, paired with Pirelli P-Zero tyres, are engineered for superior grip and performance. MG Cyberster: Interior On the inside, the MG Cyberster has a driver-centric cockpit with a triple-display interface featuring a central 10.25-inch touchscreen and two 7-inch digital panels for seamless access to real-time vehicle data, entertainment, and settings. Dual-zone automatic climate control with PM2.5 filtration, along with steering-mounted paddle shifters for regenerative braking and drive modes, enhances the intelligent performance. MG Cyberster Interior Apart from these, the interior is highlighted by sustainable Dinamica suede and premium vegan leather upholstery and a BOSE audio system with noise compensation. MG Cyberster: Features The MG Cyberster ensures a safe drive with a high-strength H-shaped full cradle structure and a Static Stability Factor (SSF) of 1.83, ensuring rollover resistance. It gets Level 2 Advanced Driver Assistance Systems (ADAS), a real-time Driver Monitoring System, and a suite of features, including dual front and combination side airbags, electronic stability control, and electronic differential lock, and more.
The Star
06-07-2025
- Business
- The Star
Selangor Chief Minister leads key handover ceremony at MGB's Rumah Idaman Melur
PERMODALAN Negeri Selangor Bhd (PNSB), a wholly-owned company of the Selangor State Government under the supervision of Menteri Besar Selangor (Incorporated) (MBI), through its subsidiary PNSB Construction Sdn Bhd, in collaboration with MGB Bhd (MGB or the group), a leading construction and property development solutions provider and a subsidiary of LBS Bina Group Bhd (LBS), organised the key handover ceremony today for Rumah Idaman Melur at Cybersouth, Selangor on July 3. Idaman Melur is the second of the six Rumah Idaman MBI projects by MGB Bhd, an initiative by the Selangor State Government to provide affordable housing to citizens across the state. The development is strategically situated with excellent connectivity that offers easy access to major highways, including the ELITE and the MEX. Spanning 12.07ac (4.9ha), the project comprises two 23-storey apartment blocks with an estimated gross development value of RM406mil. It features a total of 1,448 units, each semi-furnished with air conditioners, refrigerators, wardrobes, kitchen cabinets, televisions, TV cabinets and water heaters. The development is complemented by essential amenities and is surrounded by natural greenery, creating a peaceful and tranquil living environment. The six Rumah Idaman MBI projects, comprising a total of 7,210 affordable housing units, utilises MGB's in-house industrialised building system (IBS) precast concrete technology. These projects are being developed by the Consortium of PNSB Construction Sdn Bhd, a subsidiary of PNSB and MGB. All Rumah Idaman MBI developments consist of high-rise residential units priced at RM250,000 onwards, offering 3 bedrooms and 2 bathrooms with a minimum built-up area of 1,000sq ft per unit. The ceremony was officiated by Selangor Chief Minister Datuk Seri Amirudin Shari and witnessed by Deputy Minister of Housing and Local Government Datuk Hajah Aiman Athirah Sabu, Selangor state executive council member in Housing and Culture Datuk Borhan Aman Shah, Deputy State Secretary for Development Datuk Johary Anuar, LPHS executive director Datuk TPr Dr Juhari Ahmad, MBI group chief executive officer (CEO) Datuk Saipolyazan Mat Yusop, PNSB CEO Raja Ahmad Shahrir Iskandar Raja Salim, Sanof LBS Bina Group Bhd executive chairman Tan Sri Dr Lim Hock, Sepang district officer of Sepang Khairi Azali Ibrahim and the Sepang Municipal Council Deputy Chairman Muhamad Shah Osmin. Lim expressed his enthusiasm, stating: 'We are proud to support the Selangor State Government through the Rumah Idaman MBI initiative—a caring and forward-thinking effort to provide up to 30,000 affordable homes for the people of Selangor. "This smart collaboration between the public and private sectors reflects a shared commitment to delivering quality, well-equipped, and accessible homes. 'The Rumah Idaman projects developed by MGB are built using our advanced IBS precast concrete technology, which is also used internationally, including in our project in Jeddah, Saudi Arabia, for the ROSHN Al-Arous Phase 1 development. 'We are also pleased to report that demand for these homes has been overwhelming, reaffirming this segment as a key focus for MGB. 'Notably, Idaman Melur has achieved an outstanding QLASSIC score of 79%, the standard set by the Construction Industry and Development Board (CIDB), hence setting a new benchmark for construction excellence and underscoring our commitment to quality. 'Today is especially meaningful for us as we hand over the keys to proud new homeowners of Idaman Melur ahead of schedule—continuing the momentum from our early delivery of Idaman BSP in 2024. This milestone is a testament to our pursuit of excellence and to supporting Selangor's vision of building over 200,000 affordable homes by 2028." Raja Ahmad Shahrir commented: 'We are immensely proud to collaborate with MGB on this affordable housing project. This partnership not only aligns with our commitment to enhancing housing accessibility but also exemplifies our dedication to delivering quality and value to the community. Together, we are making a significant impact on providing affordable, high-quality homes for all.' Datuk Seri Amirudin underscored the Selangor State Government's steadfast commitment to enhancing the well-being of its citizens through the provision of high-quality, comfortable housing equipped with essential amenities. He further expressed confidence in the success of the Rumah Idaman BSP and other Rumah Idaman MBI projects, highlighting that their strategic locations and affordable prices, combined with the inclusion of essential appliances, will significantly elevate the overall quality of life for Selangor residents. About Permodalan Negeri Selangor Bhd (PNSB) - Permodalan Negeri Selangor Bhd, or as it is more widely known, PNSB is a Selangor State Government subsidiary, under the supervision of Menteri Besar Selangor (Incorporated) or MBI. As a subsidiary organisation of the Selangor state government, PNSB focuses on real estate development as its core business, developing residential and commercial property as well as housing estate and townships that are sustainable and affordable in Selangor and the Klang Valley. Through its subsidiary, PNSB offers insurance services via PNSB Insurance Brokers Sdn. Bhd. (PIBSB), project management consultancy services via PNSB Management Consultancy Sdn. Bhd. (PMC), mining activity through PNSB Trading Sdn. Bhd. (PTSB), and aeronautical exploration services via PNSB Aero Frontier Sdn. Bhd. Meanwhile, in the property sector, it leads property development efforts for affordable housing under the 'Project Rumah Idaman' scheme via its subsidiary PNSB Construction Sdn. Bhd. (PCSB). With its mission to diversify its business, PNSB has established PNSB Investment Venture Sdn Bhd (PIV) to spearhead its foray into the Venture Capital space. PNSB also plays a vital role in carrying out corporate social responsibility obligations as it is a government subsidiary with conscience taking an active role in corporate social responsibility (CSR) on behalf of the Selangor state government and as well as for PNSB itself. About MGB Bhd Established in 2007, MGB Bhd ('MGB') has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia. Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System (IBS) precast concrete products. MGB has accumulated a strong track record, with more than 15 years in design and build to general construction for residential, commercial and industrial buildings as well as infrastructure works. MGB has successfully completed more than 29,000 units of properties, particularly in the affordable homes segment. In addition, MGB has also completed more than 12,000 homes using their IBS technology. For more information, please visit For media inquiries, please contact: Public Relations Department Permodalan Negeri Selangor Bhd (PNSB) Email: pr@ Corporate Communications LBS Bina Group Bhd Email: media@
