Latest news with #RM350mil
The Star
19-07-2025
- Business
- The Star
Governance to the forefront
CORPORATE governance among listed companies took a giant backward leap in the past week on multiple fronts, as three listed companies were involved in regulatory lapses, causing reputational damage not only to the companies but also potentially to the individual directors concerned. First was the case of Sime Darby Bhd , where the former chief executive officer and four other executives were ordered to pay RM350mil jointly and severally to the company as restitution for wrongful payments made to consultants in Sime's Qatar Petroleum Project. Cancel anytime. Ad-free. Full access to Web and App. RM 13.90/month RM 9.73 /month Billed as RM 9.73 for the 1st month, RM 13.90 thereafter. RM 12.39/month RM 8.63 /month Billed as RM 103.60 for the 1st year, RM 148 thereafter.
The Star
04-07-2025
- Business
- The Star
Arkema to invest RM350mil in Terengganu, Johor and Negri Sembilan, says PM
PARIS: Arkema, a French manufacturer of specialty materials, has pledged to invest RM350mil across three projects in Terengganu, Johor, and Negri Sembilan from 2025 to 2028, Prime Minister Datuk Seri Anwar Ibrahim says. Among Arkema's investments, a project will involve the expansion of thiochemicals capacity (light and heavy mercaptans) in its plant in Kerteh, Terengganu. For Arkema's plant in Pasir Gudang, Johor, Anwar said it will involve creating new lines for bio-based rheology additives and expansion of solution acrylic resins. Anwar also said Arkema's investment in Seremban, Negri Sembilan, will transform its plant there into an Asia Pacific sealing and bonding hub, with a regional research and development and training centre under Bostik. 'The expansion will create approximately 70 high-skilled jobs, supporting local innovation, regional exports and downstream value chain development,' said Anwar after a meeting with Arkema's leadership. Anwar said Arkema's projects reinforce Malaysia's position in the global advanced materials supply chain, adding that it aligns with the New Industrial Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR). 'The company's diversification into bio-based products, green chemistry, and specialty additives supports Malaysia's ambitions in low-carbon manufacturing and sustainable industrialisation,' he said. Anwar also said Malaysia welcomes Arkema's continued confidence in Malaysia as a regional manufacturing and innovation hub. 'We are committed to facilitating Arkema's ongoing expansion and growth here - Malaysia remains a committed partner for Arkema's long-term growth in Asia,' added Anwar. Arkema operates in over 55 countries with 157 production plants and 21,150 employees worldwide. In Malaysia, Arkema's presence spans three key locations - Kerteh (Terengganu), Pasir Gudang (Johor), and Seremban (Negeri Sembilan) - focusing on thiochemicals, coating resins, and adhesives respectively. Anwar will conclude his trip to Paris on Friday July 4 and head to Rio de Janeiro, Brazil, to attend the 17th BRICS Summit from July 6 to 7 at the invitation of Brazilian President Luiz Inacio Lula da Silva.
The Star
13-06-2025
- Business
- The Star
A beacon of corporate prestige
Iconic tower in KL combines futuristic design with transit-oriented concept EVERY major city around the world has its own iconic landmarks and districts. And in Kuala Lumpur, one address rises above all others. Combining futuristic design with a transit-oriented concept, TSLAW Tower represents the pinnacle of modern architectural innovation and urban sophistication. Strategically nestled at the crossroads of the famous Bukit Bintang shopping haven and world-class Tun Razak Exchange (TRX) financial hub, this record-setting and state-of-the-art 48-storey commercial structure brings a whole new paradigm to corporate spaces. When completed in 2021, it was not only a remarkable addition to the Malaysian capital's urban skyline but also a symbol of the city's unlimited potential. Every feature within the RM350mil development was thoughtfully-designed to maximise business performance and create an inspiring and enriching environment for workers. The tower is also Green Building Index (GBI) compliant, reflecting the modern emphasis on sustainability and environmental responsibility. These outstanding factors saw it bestowed with the Malaysia Property AwardTM (Office Category) 2024 by FIABCI-Malaysia last year. Global recognition has now ensued at the FIABCI World Prix d'Excellence Awards 2025 – with TSLAW Tower winning World Gold in the Office Category. The iconic building by TSLAW Land now stands as a powerful statement for ambitious businesses seeking a prestigious corporate address in the thriving heart of the city. The tower's entrance signage and grand drop-off area. Visionary design Skyscrapers may be a dime a dozen in Kuala Lumpur but few are as visually-striking as TSLAW Tower. TSLAW Land turned to advanced technologies and cutting-edge aesthetics to conceptualise a structure that is majestic yet in harmony with the urban sprawl. The tower's sleek, monolithic form is sheathed in grey-tinted, crystalline glass. This creates dynamic and ever-changing interplays with the sky and surrounding environment, all day and night. Within the stunning facade are 33 levels of versatile, grade A office spaces which overlook the nearby Royal Selangor Golf Club and the Kuala Lumpur City Centre skyline. These are adaptable and allow for a variety of uses in line with contemporary business needs and sit above eight storeys of parking facilities, four private club floors and one retail floor on the ground level. A tree-lined, stone-paved porte-cochere and a glass cube entry portal ensure a strong street presence and contextual connectivity, while seamlessly linking the tower to surrounding amenities. There is also a landscaped urban plaza fronting Jalan Utara and TRX. This has F&B outlets and open areas for various activities. TSLAW Tower is also recognised by the Malaysia Book of Records as the first and only building in the country with a 360° LED facade display. TSLAW Group executive director Law Wai Cheong said this unique feature transformed the tower into a nocturnal beacon, turning static architecture into an ever-changing digital canvas. Blending form with function, the dynamic display envelops the entire exterior facade including the glass cube portal, porte-cochere and landscape. 'Through colour-changing effects and a vibrant programmable display, all kinds of captivating visual narratives can be created for special events, occasions and seasons. 'This can be seen during celebrations such as National Day and Christmas every year. And more recently, during the visit of Chinese president Xi Jinping. 'It not only uplifts the building's unique architecture but also establishes a compelling dialogue with the urban environment, setting new standards in architectural illumination,' Law shared. TSLAW Tower's interior design mirrors its external sophistication. Luxurious features embody corporate prestige, solidifying its identity as a premier business address. Employees' well-being are taken care of through carefully- curated amenities designed to foster social interaction, enrich the overall work experience and create an environment that supports collaboration, creativity and community. Among current amenities are a spa for rejuvenation and wellness, a gym for better health, a beauty clinic for self-care needs and several cafes for meals, meetings and relaxation. There are also dedicated private clubs that host networking, social and leisure activities – all of which create a sense of belonging. The retail level also houses several fine dining restaurants, attracting a well-heeled clientele and contributing to a refined yet lively ambience every evening. The glass cube entrance and landscape illuminated at night. Championing sustainability TSLAW Tower achieved a GBI score of 55%, surpassing the required threshold of 50% and demonstrating the developer's commitment to sustainability. Key features include the use of energy-efficient LEDs for its 360° facade display. This also incorporates automated data processing for real-time analytics to enhance energy efficiency. The dynamic visuals that adorn the exterior not only create a visually appealing attraction every night but also contribute towards an eco-friendly cityscape. Meanwhile, the choice of a reflective facade goes beyond aesthetic appeal. It is actually to improve energy efficiency. The use of low-emissivity glass maximises views and allows natural light in while minimising heat gain. This reduces energy demand due to less need for artificial lighting or cooling. And where these are needed, energy-efficient fixtures are employed alongside intelligent building management control systems to optimise performance. Rainwater harvesting is also used for irrigation of greenery. 'By blending contextual sensitivity with our holistic approach to environmental stewardship and seamless connectivity, we have created a visually striking, strategically located and environmentally conscious landmark that set new standards for corporate architecture in Kuala Lumpur,' Law continued. Seamless convenience With modern urban vehicular commutes being increasingly characterised by gridlock, access to public transportation becomes paramount. As a Transit-Oriented Development (TOD), TSLAW Tower is in close proximity to public transport amenities. This not only reduces reliance on private vehicles, but also affords easy access to anywhere in the Greater Klang Valley. The tower is less than 100 meters' walking distance (with covered walkways) to the TRX MRT Station, a cross-platform interchange. There is also convenient pedestrian integration with neighbouring developments – with pathways that lead directly to TRX and further on towards Bukit Bintang. The tower has dual access via Jalan Delima and Jalan Kemuning, and is located adjacent to major roads such as Jalan Tun Razak, Jalan Bukit Bintang, SMART Tunnel and MEX Highway. With TRX set to become Kuala Lumpur's most important central business district (CBD), TSLAW Tower's location is unrivalled. The tower is the first phase of a greater mixed development that would eventually include multiple residential and office towers, a hotel and a unique upscale retail experience. These would all be interconnected via a series of sky bridges, allowing for easy foot access. Upon completion, the visionary masterplan will epitomise modern urban living – where luxury, lifestyle and convenience are all within easy reach. 'TSLAW Tower stands as a testament to meticulous urban planning and innovative design in Kuala Lumpur's dynamic landscape. 'From overcoming complex challenges in town planning, integrating with crucial infrastructure like MRT lines, to enhancing urban aesthetics through thoughtful landscaping and enriching amenities, every aspect of the tower reflects our commitment to sustainability, functionality, and safety. 'Coupled with a prime location that offers unrivalled prestige, it is a new benchmark for business addresses,' Law added. TSLAW Land is the boutique property arm of the renowned TSLAW Group which is also involved in the steel, mining and investment industries. Driven by a mission to elevate good locations into exceptional destinations, the Kuala Lumpur-based developer takes great pride in incorporating what people want and desire into its projects. Its impressive portfolio includes other landmark TOD projects such as Skyline KL, Skyline Kuchai and Skyline Embassy.
The Star
27-05-2025
- Business
- The Star
RM350mil designated for 563 federal road maintenance projects
BANGI: A RM350mil allocation was set aside for 563 federal road maintenance projects in the peninsula this year, Deputy Works Minister Datuk Seri Ahmad Maslan said. Of this amount, he said RM275mil was for periodic pavement maintenance work and RM75mil for non-pavement maintenance work. 'The maintenance work is being offered to contractors from grade G1 to G4 through balloting,' he told reporters after the ballot draw under the programme to expedite road maintenance by grade G1 to G4 contractors for the Central and East zones. He said the balloting process for the programme for the South Zone would be held in a few days while the balloting process for the North Zone would be on June 5-6. This was to ensure equal opportunities to all contractors involved, he added. 'The balloting is done fairly and contractors can view the results online. Contractors chosen last year are not eligible this year,' he said, Bernama reported. Ahmad said all the contractors involved in the balloting had also been vetted by the authorities to ensure that projects implemented later would run smoothly and be completed as scheduled. 'These contractors have been shortlisted as we consider them capable of doing the job. 'So, I feel there is no issue about contractors not being able to do the job ... even if there is, it may be isolated,' he added.
Daily Express
12-05-2025
- Business
- Daily Express
RM14 billion projects implemented in Sabah so far
Published on: Monday, May 12, 2025 Published on: Mon, May 12, 2025 Text Size: Anwar also announced that the government has approved an additional allocation of RM10mil to maintain small shops and stalls across the state under the Projek Siap Tamu Sabah. - Bernama pic TAWAU: The Madani government has successfully implemented 144 development projects in Sabah to date, involving a total allocation of RM14bil, says Datuk Seri Anwar Ibrahim. The Prime Minister said the projects include the upgrading of Tawau Hospital and Lahad Datu Prison, the construction of the Sepanggar Bay container port and the proposed heart medical centre in Kota Kinabalu. He added that the government has allocated over RM350mil for the Madani Solar programme, with Tawau selected as the pilot project site. The initiative involves the installation of 40 solar-powered streetlights in collaboration with Universiti Malaysia Perlis (UniMAP) and the local community. 'We are doing what's best for the people... addressing issues such as electricity and energy costs, education for children, toilets, science labs, police and armed forces needs including housing, and roads to be repaired. In just over two years, this is what the Madani government has achieved. Some say it's still not enough, and I agree because some of the issues are inherited and cannot be resolved in just a year or two,' he said. Anwar said this in his speech when officiating the closing ceremony of the Sabah Madani Rakyat Programme (PMR) 2025 at the Tawau Municipal Council square here Sunday (May 11). Anwar also announced that the government has approved an additional allocation of RM10mil to maintain small shops and stalls across the state under the Projek Siap Tamu Sabah. 'In conjunction with today's Mother's Day celebration, this is a gift for the many mothers who run businesses at these Tamu Desa markets to provide greater comfort, allowing them to trade sheltered from the sun and rain. 'I don't want to be a prime minister who forgets the people's hardships. That's why we continue to do our best to develop Sabah, from enhancing connectivity to AI, digital initiatives, and our efforts to eradicate poverty,' he said. Commenting on the three-day Sabah PMR 2025, which concluded Sunday, Anwar said it served as an excellent platform for the local community to gain exposure to various government initiatives, programmes and projects. '...for the people to learn about what the government is doing, such as in the agriculture, digital and defence sectors. Let this be a platform for monitoring government efforts and for the youth to share their views and ideas in building a great and progressive Malaysia,' he said. Themed Ending Poverty Through Entrepreneurship, the Sabah PMR 2025 is part of a nationwide government initiative spearheaded by the Performance Acceleration and Coordination Unit (PACU) in collaboration with the Entrepreneur Development and Cooperatives Ministry as the lead ministry, and the Sabah Government as host, to bring essential government services directly to the people. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
