Latest news with #RM430
Hype Malaysia
15-07-2025
- Business
- Hype Malaysia
Check Into Luxurious 'Conscious Living' With PARKROYAL COLLECTION KL's URBAN PLUS Package
Designed for modern travellers who appreciate purposeful experiences and conveniences, PARKROYAL COLLECTION Kuala Lumpur unveils its URBAN PLUS package, available exclusively for Urban Deluxe Queen rooms. This new offering aligns with the brand's ethos of conscious living and uplifting experiences which are brought to life through biophilic design, eco-wellness spaces and sustainable practices. A striking vertical garden façade in the heart of bustling Bukit Bintang district, PARKROYAL COLLECTION Kuala Lumpur features 527 rooms and suites, an urban farm, and interiors infused with over 13,000 square feet of foliage designed to offer a sense of respite. The hotel champions sustainable practices across its operations, from energy-efficient systems and filtered drinking water taps to locally sourced ingredients and zero single-use plastics. The Urban Plus Package is thoughtfully curated to reflect this philosophy, offering a stay experience that balances well-being, comfort and practicality. From tranquil social hub spaces for daily business catch-ups to nature-infused drinks and wellness-focused amenities, every detail is tailored for the conscious urban traveller. The Urban Plus package includes the following privileges, with Best Available Rates starting from RM430: Daily breakfast for one person Access to the Social Hub floor, ideal for casual work or networking with complimentary WiFi connectivity 30% off one drink at Botanist Lounge & Bar, a lush and inviting space in the heart of the hotel or at Skye Chill Bar, a breezy pool bar located on the hotel's wellness floor Four complimentary beverages replenished daily from the minibar Daily laundry service for up to three garments (excluding dry cleaning) Private meeting room rental at a special rate Pan Pacific DISCOVERY members enjoy an additional 10% off. Guests who are not yet members are encouraged to sign up to enjoy exclusive perks and privileges, including earning DISCOVERY Dollars (D$) that can be redeemed for future stays. Visit for more information.
The Sun
04-07-2025
- Business
- The Sun
MTD kicks off two projects in Malacca
AYER KEROH: MTD Properties Sdn Bhd is set to develop two property projects here, comprising residential and industrial units, with phased construction expected to begin this year. MTD group CEO Reime Rizal Abd Aziz stated that the projects – to be developed in Taman Tasik Utama, Ayer Keroh – are the MTD Nexus 28 Industrial Park, slated for launch in August, and MTD Elysia Heights in October. 'The development of MTD Nexus 28 Industrial Park will be a modern industrial estate equipped with smart systems and solar PV panel installations to support sustainability. The project will involve 87 industrial units or factory lots, primarily targeting the small and medium enterprise sector. 'Meanwhile, MTD Elysia Heights is a residential development comprising 197 units designed with a contemporary concept – offering stylish living, comfort, and long-term value to buyers who prioritise quality of life in a strategic location. The development will complement the overall township plan for Taman Tasik Utama,' he told Bernama. Reime Rizal said the two property projects will span approximately 8.89ha, with each expected to be completed within two years of commencement. In terms of pricing, the industrial units at MTD Nexus 28 Industrial Park will start from RM650,000 per unit, while the residential units at MTD Elysia Heights will be priced from RM430,000 each.
Barnama
14-06-2025
- Business
- Barnama
MTD Properties Embarks On Two Residential And Industrial Projects In Melaka
REGION - SOUTHERN > NEWS MELAKA, June 14 (Bernama) -- MTD Properties Sdn Bhd is set to develop two property projects in Melaka, comprising residential and industrial units, with phased construction expected to begin this year. MTD group chief executive officer Reime Rizal Abd Aziz stated that the projects -- to be developed in Taman Tasik Utama, Ayer Keroh -- are the MTD Nexus 28 Industrial Park, slated for launch in August, and MTD Elysia Heights in October. 'The development of MTD Nexus 28 Industrial Park will be a modern industrial estate equipped with smart systems and solar PV panel installations to support sustainability. The project will involve 87 industrial units or factory lots, primarily targeting the small and medium enterprise (SME) sector. bootstrap slideshow 'Meanwhile, MTD Elysia Heights is a residential development comprising 197 units designed with a contemporary concept, offering stylish living, comfort, and long-term value to buyers who prioritise quality of life in a strategic location. The development will complement the overall township plan for Taman Tasik Utama,' he told Bernama here today. Reime Rizal made the remarks following the groundbreaking ceremony of MTD Nexus 28 Industrial Park, the pre-launch of MTD Elysia Heights, and the official opening of the Metacorp Properties Sales Office, officiated by State Deputy Senior Executive Councillor for Housing, Local Government, Drainage, Climate Change, and Disaster Management, Datuk Zulkiflee Mohd Zin. Also present at the event were MTD group chief operating officer Dr Nik Fauzan Nik Faizul and Hang Tuah Jaya Municipal Council president, Datin Sapiah Haron. Reime Rizal said the two property projects will span approximately 8.89 hectares, with each expected to be completed within two years of commencement. In terms of pricing, the industrial units at MTD Nexus 28 Industrial Park will start from RM650,000 per unit, while the residential units at MTD Elysia Heights will be priced from RM430,000 each. Meanwhile, Nik Fauzan noted that the current property industry not only faces challenges such as construction costs and consumer purchasing power, but also evolving public expectations regarding sustainability and affordable, quality housing.
New Straits Times
12-06-2025
- Business
- New Straits Times
FGV may see earnings fall over 50pct annually from expanded SST
KUALA LUMPUR: FGV Holdings Bhd is set to take the biggest hit from the upcoming expansion of the Sales and Service Tax (SST), with RHB Investment Bank Bhd estimating the group's annual earnings could plunge by more than 50 per cent. The firm said the impact on FGV is significant, as about 70 per cent of its processed fresh fruit bunches (FFB) are sourced externally. This could result in a tax burden of over RM430 million annually once the five per cent SST takes effect on July 1. In a research note, RHB Investment said the expanded tax, covering both upstream and downstream palm products such as FFB, palm kernel oil, palm fatty acid distillate and other by-products, would squeeze margins across the industry. RHB Investment regional head of plantations research Hoe Lee Leng said the SST expansion comes on top of an already heavy fiscal load for the palm oil sector, which also faces windfall levies, East Malaysia sales tax and export duties. "The net impact will likely remain negative despite some offset from taxes levied on downstream sales," she said, adding that the firm has downgraded its sector view to "Under Review" from "Overweight". The new SST will be imposed across a wide range of palm-based products and by-products, dealing a fresh blow to companies already navigating a challenging operating environment. RHB Investment said companies such as Ta Ann Holdings Bhd, Johor Plantations Group Bhd and Sarawak Oil Palms Bhd could also see profits decline by between four and 11 per cent due to the tax on external FFB purchases. By comparison, SD Guthrie Bhd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd are expected to experience milder effects, with projected earnings impact ranging from just 0.3 to one per cent. Despite the near-term drag, the firm is keeping its earnings forecasts unchanged for now, pending further clarification from companies on how the tax will affect their bottom line. RHB Investment's top stock picks in the sector are Johor Plantations Group Bhd, Sarawak Oil Palms Bhd, SD Guthrie, Bumitama Agri Ltd and PP London Sumatra Indonesia Tbk, citing attractive valuations and relative resilience. On crude palm oil, the firm said prices may struggle to meet its full-year forecast of RM4,300 per tonne, even with the year-to-date average hovering around RM4,400. A recovery is expected toward the end of the year as production eases seasonally. Still, the sector outlook remains weighed down by a range of uncertainties from trade tensions and biodiesel mandate shifts to unpredictable weather and policy risks in Indonesia. Environmental scrutiny continues to loom over the industry as well. Labour, previously a thorny issue, is no longer a major concern, with most companies now reporting full staffing or only minor gaps. "Until we have better visibility, we are placing our sector rating under review," RHB Investment said, noting that while valuations are undemanding, fiscal pressure and regulatory headwinds are expected to keep sentiment cautious in the near term.
Borneo Post
28-05-2025
- Business
- Borneo Post
Premier: Sarawak's energy policies to unlock up to RM430 bln investments, create 44,000 jobs
Abang Johari says the initiatives form part of Sarawak's broader strategy to become a regional renewable energy powerhouse. – Photo by Roystein Emmor KUCHING (May 28): The Sarawak government's new energy policies are expected to unlock investment opportunities worth between RM350 billion and RM430 billion, while creating approximately 44,000 new high-value jobs in the energy sector for Sarawakians. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the initiatives form part of Sarawak's broader strategy to become a regional renewable energy powerhouse. 'These jobs will be generated by new industries, which can boost opportunities for local small and medium-sized enterprises (SMEs), attract domestic and foreign direct investments, and strengthen our regional and global competitiveness,' he said in his winding-up speech at the Sarawak Legislative Assembly (DUN) sitting here today. He added that the policies would also support Sarawak's long-term goals of economic prosperity, environmental sustainability, and energy security. Among the key policies to be introduced are the Sarawak Hydrogen Economy Roadmap, the Sarawak Sustainability Blueprint, the Sarawak Energy Transition Policy (SET-P), and the Sarawak Energy Efficiency Roadmap. Abang Johari said energy security is a cornerstone of Sarawak's ambition for rapid and inclusive economic development, especially as demand rises with the state's growing population and industrial base. He noted that Sarawak has set a target for renewable energy to account for 60 to 70 per cent of its energy mix by 2035, in line with the Post Covid-19 Development Strategy (PCDS) 2030 and the forthcoming SET-P. 'Sarawak is developing four strategic energy hubs – the Renewable Energy Hub, Natural Gas Hub, Hydrogen Hub, and Carbon Capture, Utilisation and Storage (CCUS) Hub – each playing a complementary role in ensuring long-term energy security,' he said. To support the state's ambition of achieving 10 gigawatts (GW) of installed capacity by 2030 and 15GW by 2035, Abang Johari said the state will continue to develop renewable energy projects through the Independent Power Producer (IPP) model. He also announced a major restructuring of Sarawak Energy Berhad (SEB), which will see the separation of power generation and distribution. Under this model, the private sector will participate in power generation, while SEB will remain the single buyer for electricity distribution. 'SEB must be empowered to evolve in support of Sarawak's energy ambitions. This restructuring is key to ensuring SEB is fully able to drive Sarawak's vision of becoming both a Battery of Asean and a renewable energy powerhouse,' he said. He highlighted that large-scale solar, bioenergy, and waste-to-energy projects are already drawing strong private sector interest, but infrastructural challenges such as feedstock aggregation and grid modernisation must be addressed. In a further move to bolster Sarawak's position in the global energy market, Abang Johari said Sarawak is advancing hydrogen-ready technologies, including a Combined Cycle Gas Turbine (CCGT) facility, to improve energy efficiency and enhance interconnections with neighbouring regions like Sabah and Brunei. On the international front, the Premier said the World Economic Forum (WEF) has recognised Sarawak's leadership in the green transition and invited him to present Sarawak's energy agenda at the WEF Annual Meeting of the New Champions in Tianjin, China on June 26. He also revealed that Bintulu has been nominated as Malaysia's first candidate for the WEF's Transitioning Industrial Cluster (TIC) initiative. 'Transitioning industrial clusters are geographic areas where co-located businesses and industries collaborate to transition from traditional practices to cleaner, low-carbon operations aligned with net-zero goals,' he said. 'We are not just preparing for recognition in Davos early next year, we are laying the foundation for Sarawak to stand among global leaders in shaping the low-carbon industrial future,' he added. abang johari DUN lead new energy
