Latest news with #MidValleySouthkey
The Star
2 days ago
- The Star
Two weeks' jail for man caught smuggling over 1,800 vapes and pods into Singapore
SINGAPORE: A Singaporean man tried to cross Woodlands Checkpoint from Johor Baru in September 2024 with over 1,800 electronic vaporisers and pods hidden in his car boot and bonnet. But the authorities discovered the loot and foiled his plan. Officers from the Health Sciences Authority (HSA) then raided his flat and found more vapes and pods from a previous smuggling attempt, which had gone undetected. On July 16, James Wong Jun Jie, 36, was sentenced to two weeks' jail after he admitted to one charge under the Tobacco (Control of Advertisements and Sale) Act. Three similar charges were taken into consideration for his sentencing. The court heard that Wong met a man named Raj in 2024 at Mid Valley Southkey, a shopping mall in Johor Baru. Raj asked Wong if he was interested in smuggling vapes and pods from Johor to Singapore, adding that he could earn RM600 (S$181) for a one-way trip. Wong gave it a try on Sept 10, 2024, and brought the illicit items into Singapore without being detected. Two days later, on Sept 12, Wong made his second attempt. He drove to Johor Baru at about 8am, parked his car at Mydin Mall and left to have breakfast. He deliberately left his car unlocked so Raj's workers could load the illegal goods in the boot and bonnet. At about 11am, Wong drove back to Singapore and was asked to stop his vehicle at Woodlands Checkpoint. Immigration and Checkpoints Authority officers discovered 1,086 pods and 732 vapes hidden in his car, and handed the items to HSA for investigations. That night, HSA officers searched Wong's home at a Housing Board block in Sin Ming Road. They found another 1,320 pods and 679 vapes. These were stocks from his first smuggling trip. Wong said he was waiting for Raj to inform him when to deliver them. They had agreed that Wong would drive to an open carpark in Woodlands, leave his vehicle unlocked and return two hours later after the goods had been unloaded. District Judge Wong Li Tein said in response to Wong's mitigation letter, which was not read out in court, that community-based sentences were not appropriate for him. Such sentences, which include a community work order or short detention order, do not result in a criminal record. Judge Wong said: 'The problem of vaping in Singapore is a serious one. So community-based sentences are not suitable.' Wong's case comes on the back of increased enforcement efforts to tackle a looming vape crisis in Singapore. HSA and the Ministry of Health (MOH) said in a joint statement in May that close to 18,000 people were caught between January 2024 and March 2025 for possessing and using e-vaporisers. During that time, HSA seized $41 million worth of vapes – nearly fivefold the reported value seized from 2019 to end-2023, according to numbers compiled by The Straits Times. HSA said in the May statement that it prosecuted 27 offenders for failing to pay their composition fines. It took another 60 people to court for selling e-vaporisers, including two people linked to an e-vaporiser syndicate case that involved more than $5 million worth of the devices. Ivan Sin was fined $16,000 and given 10 months' jail, while Toh Wee Leong was fined $14,000 and given the same jail term. These were the harshest sentences given for smuggling e-vaporisers so far. ST launched its anti-vaping campaign, Vaping: The Invisible Crisis, on July 13 to raise awareness about the issue in Singapore. On July 12, MOH and the Ministry of Home Affairs said in a joint statement that they were looking at tightening the laws around vaping after the increased detection of electronic vaporisers containing substances such as etomidate and other controlled drugs. Both ministries described vaping as a serious issue, noting that etomidate, which is classified as a poison and regulated under the Poisons Act, may cause adverse effects like seizures and psychosis. Used in hospitals to induce sedation during medical procedures, etomidate is meant to be injected into the veins under clinical supervision and never intended to be inhaled. When vaped, it enters the lungs directly and may trigger spasms, breathing difficulties, seizures and even psychosis. - The Straits Times/ANN
The Star
24-06-2025
- Business
- The Star
IGB REIT proposes RM2.65bil acquisition of The Mall, Mid Valley Southkey in Johor
KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT) has proposed to acquire The Mall, Mid Valley Southkey (MVS Mall) in Johor Bahru for RM2.65 billion. In a filing with Bursa Malaysia today, IGB REIT said the acquisition will be undertaken by MTrustee Bhd, acting as trustee for and on behalf of IGB REIT, from Southkey Megamall Sdn Bhd (SMSB). The proposed acquisition includes the mall, its operational assets, tenancy agreements, essential contracts and related components, it said. "MVS Mall comprises five levels of retail mall with a mezzanine floor, together with eight levels of split-level elevated car parks and two levels of basement car parks,' it said. IGB REIT said the purchase consideration will be settled via a combination of RM1 billion in cash and RM1.65 billion through the issuance of new IGB REIT units. The acquisition is not expected to have any material effect on IGB REIT's earnings, earnings per unit and distributable income per unit for the financial year ending Dec 31, 2025, as the deal is only expected to be implemented and completed in the fourth quarter of 2025, it said. In a separate statement, IGB REIT said MVS Mall would be a new addition to its portfolio, with expectations of stable recurring income and potential for future growth. "This is underpinned by its prime location within the integrated Mid Valley Southkey development in Johor Bahru, a key economic zone. "MVS Mall also features a robust tenant mix, which includes anchor tenants such as Sogo, Village Grocer, Golden Screen Cinemas, Aurum Theatre and MVEC Exhibition Hall,' it added. - Bernama
New Straits Times
24-06-2025
- Business
- New Straits Times
IGB REIT proposes RM2.65bil acquisiton of MVS Mall in Johor
KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT) has proposed to acquire The Mall, Mid Valley Southkey (MVS Mall) in Johor Bahru for RM2.65 billion. In a filing with Bursa Malaysia today, IGB REIT said the acquisition will be undertaken by MTrustee Bhd, acting as trustee for and on behalf of IGB REIT, from Southkey Megamall Sdn Bhd (SMSB). The proposed acquisition includes the mall, its operational assets, tenancy agreements, essential contracts and related components, it said. "MVS Mall comprises five levels of retail mall with a mezzanine floor, together with eight levels of split-level elevated car parks and two levels of basement car parks," it said. IGB REIT said the purchase consideration will be settled via a combination of RM1 billion in cash and RM1.65 billion through the issuance of new IGB REIT units. The acquisition is not expected to have any material effect on IGB REIT's earnings, earnings per unit and distributable income per unit for the financial year ending Dec 31, 2025, as the deal is only expected to be implemented and completed in the fourth quarter of 2025, it said. In a separate statement, IGB REIT said MVS Mall would be a new addition to its portfolio, with expectations of stable recurring income and potential for future growth. "This is underpinned by its prime location within the integrated Mid Valley Southkey development in Johor Bahru, a key economic zone. "MVS Mall also features a robust tenant mix, which includes anchor tenants such as Sogo, Village Grocer, Golden Screen Cinemas, Aurum Theatre and MVEC Exhibition Hall," it added. -- BERNAMA
Barnama
24-06-2025
- Business
- Barnama
IGB REIT Proposes RM2.65 Bln Acquisition Of MVS Mall In Johor
BUSINESS KUALA LUMPUR, June 24 (Bernama) -- IGB Real Estate Investment Trust (IGB REIT) has proposed to acquire The Mall, Mid Valley Southkey (MVS Mall) in Johor Bahru for RM2.65 billion. In a filing with Bursa Malaysia today, IGB REIT said the acquisition will be undertaken by MTrustee Bhd, acting as trustee for and on behalf of IGB REIT, from Southkey Megamall Sdn Bhd (SMSB). The proposed acquisition includes the mall, its operational assets, tenancy agreements, essential contracts and related components, it said. 'MVS Mall comprises five levels of retail mall with a mezzanine floor, together with eight levels of split-level elevated car parks and two levels of basement car parks,' it said. IGB REIT said the purchase consideration will be settled via a combination of RM1 billion in cash and RM1.65 billion through the issuance of new IGB REIT units. The acquisition is not expected to have any material effect on IGB REIT's earnings, earnings per unit and distributable income per unit for the financial year ending Dec 31, 2025, as the deal is only expected to be implemented and completed in the fourth quarter of 2025, it said. In a separate statement, IGB REIT said MVS Mall would be a new addition to its portfolio, with expectations of stable recurring income and potential for future growth. 'This is underpinned by its prime location within the integrated Mid Valley Southkey development in Johor Bahru, a key economic zone. 'MVS Mall also features a robust tenant mix, which includes anchor tenants such as Sogo, Village Grocer, Golden Screen Cinemas, Aurum Theatre and MVEC Exhibition Hall,' it added.
