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Pelaburan Hartanah buys industrial assets worth RM247mil in Kedah and Johor
Pelaburan Hartanah buys industrial assets worth RM247mil in Kedah and Johor

New Straits Times

time23-07-2025

  • Business
  • New Straits Times

Pelaburan Hartanah buys industrial assets worth RM247mil in Kedah and Johor

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputera, has acquired two prime industrial properties located in Kedah and Johor, for a total investment of about RM247 million. PHB said its first asset, located in Kulim Hi-Tech Park and purchased from Kulim Technology Park Corporation, spans 0.809 hectares and comprises three industrial buildings — a four-storey main building, a single-storey warehouse, and a production area — all of which are currently fully leased to Schott Glass, a global specialist in glass and materials technology. The second property, acquired from Rancak Beta Sdn Bhd, is situated in Port of Tanjung Pelepas, a key logistics hub in southern Malaysia, spanning 3.804 hectares and featuring a single-storey warehouse fully tenanted by Maersk, a leading global player in logistics. In a statement today, group managing director and chief executive officer Mohamad Damshal Awang Damit said both assets are high-performing industrial facilities located in strategic economic zones outside the Klang Valley, offering long-term lease stability and quality tenants. "As demand for quality industrial and logistics spaces continues to rise, PHB remains focused on expanding into high-value industrial corridors to optimise long-term performance and sustain attractive returns for unitholders of Amanah Hartanah Bumiputera. "These strategic acquisitions align with PHB's goal of enhancing yield while optimising sectoral allocation within its portfolio, thereby ensuring more sustainable and robust revenue generation," he said. PHB added that the acquisitions form part of the company's strategic roadmap to expand its footprint in the industrial asset class and diversify its real estate portfolio in line with its growth targets. Following the acquisitions, PHB's industrial assets now account for approximately 10 per cent of its total investment property portfolio.

PHB strengthens industrial portfolio with RM247mil acquisitions in Kedah and Johor
PHB strengthens industrial portfolio with RM247mil acquisitions in Kedah and Johor

The Star

time23-07-2025

  • Business
  • The Star

PHB strengthens industrial portfolio with RM247mil acquisitions in Kedah and Johor

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputera, has acquired two prime industrial properties located in Kedah and Johor, for a total investment of about RM247 million. PHB said its first asset, located in Kulim Hi-Tech Park and purchased from Kulim Technology Park Corporation, spans 0.809 hectares and comprises three industrial buildings - a four-storey main building, a single-storey warehouse, and a production area - all of which are currently fully leased to Schott Glass, a global specialist in glass and materials technology. The second property, acquired from Rancak Beta Sdn Bhd, is situated in Port of Tanjung Pelepas, a key logistics hub in southern Malaysia, spanning 3.804 hectares and featuring a single-storey warehouse fully tenanted by Maersk, a leading global player in logistics. In a statement today, group managing director and chief executive officer Mohamad Damshal Awang Damit said both assets are high-performing industrial facilities located in strategic economic zones outside the Klang Valley, offering long-term lease stability and quality tenants. "As demand for quality industrial and logistics spaces continues to rise, PHB remains focused on expanding into high-value industrial corridors to optimise long-term performance and sustain attractive returns for unitholders of Amanah Hartanah Bumiputera. "These strategic acquisitions align with PHB's goal of enhancing yield while optimising sectoral allocation within its portfolio, thereby ensuring more sustainable and robust revenue generation,' he said. PHB added that the acquisitions form part of the company's strategic roadmap to expand its footprint in the industrial asset class and diversify its real estate portfolio in line with its growth targets. Following the acquisitions, PHB's industrial assets now account for approximately 10 per cent of its total investment property portfolio. - Bernama

Grassroots governance in Sabah – an illusion?
Grassroots governance in Sabah – an illusion?

Daily Express

time21-07-2025

  • Politics
  • Daily Express

Grassroots governance in Sabah – an illusion?

Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 By: Anita Limjoon, Paul Canigea P, Fiona V Loijon Text Size: The State Government provided RM277 million to JKKKs in the year 2024, but this money decreased to RM247 million in 2025, and JKDM frameworks are generally lacking clearly defined budgetary allowances or operational policies. SABAH rural society is under-developed to such degree that it does not serve real needs and wishes of the people. Though administration units at the village level like the Jawatankuasa Kemajuan dan Keselamatan Kampung (JKKK) have been initiated to act as a medium between the citizenry and the State agencies, the voices of the local citizens are often pushed to the margins throughout the formulation processes both at the state and national levels. Advertisement Originally, these committees were intended to translate local concerns into the policy process, but they often work under very harsh conditions, including limited funding, training, independence, and ultimately reducing their capabilities and compromising community trust in their efficiency. Overlapping of mandate between the traditional JKKK and the new federal-level institutions, especially the Jawatankuasa Desa Madani (JKDM), also complicates the issues facing village development. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

PPZ-MAIWP donates RM247,760 in wakalah funds to Putrajaya Hospital
PPZ-MAIWP donates RM247,760 in wakalah funds to Putrajaya Hospital

The Sun

time17-07-2025

  • Health
  • The Sun

PPZ-MAIWP donates RM247,760 in wakalah funds to Putrajaya Hospital

PUTRAJAYA: The Federal Territories Islamic Religious Council-Zakat Collection Centre (PPZ-MAIWP) has contributed RM247,760 in wakalah funds to Putrajaya Hospital for the purchase of essential medical equipment. The donation, sourced from zakat contributors, will support over 30 types of medical tools, enhancing patient care services. The funds were pooled from multiple contributors, including the Intellectual Property Corporation of Malaysia (MyIPO) with RM134,560, the National Water Services Commission (SPAN) with RM50,000, and the remaining RM63,200 from employer and individual wakalah allocations. Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar officiated the symbolic handover, highlighting the donation as a reflection of empathy and social responsibility. 'This contribution benefits not only individuals but institutions serving the public. It proves zakat can enhance our social system's capacity,' he said. Wakalah, a policy under MAIWP, allows zakat contributors to directly channel funds to eligible recipients (asnaf). The funds have already been used to procure critical hospital equipment, including diathermy machines, defibrillators, and ECG machines. Dr Nor'Aishah Abu Bakar, Federal Territories Director of Health, expressed gratitude for the initiative, stating, 'The donated equipment will greatly benefit hospital staff and improve patient comfort.' Also present were Putrajaya Hospital director Dr Suraya Amir Husin, MAIWP acting CEO Datuk Mohd Nizam Yahya, and PPZ-MAIWP CEO Datuk Abdul Hakim Amir Osman. - Bernama

PPZ-MAIWP Channels Wakalah Funds Of RM247,760 To Putrajaya Hospital
PPZ-MAIWP Channels Wakalah Funds Of RM247,760 To Putrajaya Hospital

Barnama

time17-07-2025

  • Health
  • Barnama

PPZ-MAIWP Channels Wakalah Funds Of RM247,760 To Putrajaya Hospital

PUTRAJAYA, July 17 (Bernama) -- The Federal Territories Islamic Religious Council-Zakat Collection Centre (PPZ-MAIWP) today contributed RM247,760 in wakalah funds to Putrajaya Hospital for the purchase of over 30 types of medical equipment. The donation was made possible through the wakalah funds of several zakat contributors - the Intellectual Property Corporation of Malaysia (MyIPO), which contributed RM134,560; the National Water Services Commission (SPAN), which contributed RM50,000; and the remaining RM63,200 from employer and individual wakalah allocations. Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar, who officiated the symbolic handover ceremony, described the donation as more than just financial aid, but also a testament to the spirit of empathy and a strong sense of social responsibility, particularly towards the country's healthcare system. 'We all recognise that the healthcare sector today faces numerous challenges, from rising patient numbers to increasingly complex treatment demands. 'This contribution benefits not only individuals but institutions that serve the public, such as hospitals. It proves that zakat is not limited to personal distribution but can also enhance the overall capacity of our social system,' he said. Wakalah is a policy under which MAIWP returns a portion of zakat or tithe payments to contributors, typically organisations or corporations, allowing them to channel the funds directly to eligible recipients (asnaf). The funds have already been used to procure essential hospital equipment, including diathermy machines, defibrillators, electrocardiogram (ECG) machines, and various other medical tools to support patient care and funeral management services. Earlier in the day, Dr Mohd Na'im handed over a mock cheque to Dr Nor'Aishah Abu Bakar, Federal Territories Director of Health, and toured the Putrajaya Hospital's Paediatric Endocrinology Ward. Also present at the event were Putrajaya Hospital director Dr Suraya Amir Husin, acting chief executive officer of MAIWP Datuk Mohd Nizam Yahya, and chief executive officer of PPZ-MAIWP Datuk Abdul Hakim Amir Osman.

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