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Focus Malaysia
23-07-2025
- Business
- Focus Malaysia
A quick glance at what PMX's 'extraordinary appreciation for Malaysians' package' entails
LOOKING beyond financial assistance for the poor and hardcore poor, below are what Malaysians at large can look forward to from the 'extraordinary appreciation' package unveiled by Prime Minister earlier today (July 23): RON95 drops 5 sen from RM2.05 to RM2.00: One can save RM2 every time for filling up 40 litres. Pending the fuel rationalisation plan to be announced by the end-September 2025, around 18 million Malaysian car drivers and motorcyclists can look forward to RON95 price of RM1.99/ litre. In 2023 and 2024, the money the government has spent on RON95 subsidy alone was estimated to have cost nearly RM20 bil annually. Although world oil prices have declined this year, the price of RON 95 petrol without subsidy still hovers around RM2.50/litre which is far higher than the subsidised price people were paying. RM100 credit via MyKad for every citizen aged 18 and above: This is higher than the RM30 e-wallet during the time of Pakatan Harapan (PH) 1.0 administration under the then finance minister Lim Guan Eng. Even business tycoon such as Tan Sri Vincent Tan Chee Yioun or Tan Sri Francis Yeoh are entitled to the RM100 disbursement between Aug 31 and Dec 31 to purchase essential goods at over 4,100 outlets nationwide, including major supermarkets such as Mydin, Lotus's, Econsave and 99 Speedmart as well as retail stores in all districts. This RM100 e-wallet assistance will cost the government RM2.2 bil which is less than half of the RM5 bil that was just borrowed yesterday. This brings the government's net borrowings for 8M 2025 to RM81.28 bil which has already surpassed the RM80 bil borrowing limit set in Budget 2025. As of today, the government's total new debt has reached RM81.2 bil with an increase of RM256.21 bil in just 32 months of the Madani administration (since November 2022). Additional public holiday on Sept 15 in conjunction with Malaysia Day on September 1 to boost national unity. No toll increases for 10 highways: The government will bear over RM500 mil a year to ensure this happens.– July 23, 2025
The Sun
17-06-2025
- Business
- The Sun
Berjaya Land, Impianan Utara team up for rare earth, hybrid grass and durian ventures in Perlis
KUALA LUMPUR: Berjaya Land Bhd has signed a memorandum of understanding (MoU) with Impianan Utara Sdn Bhd to jointly explore and develop two economic initiatives in Perlis – the mining of rare earth elements and other minerals, and the planting of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated Perlis (MBI Perlis), the state's investment vehicle. Berjaya Corporation Bhd founder and adviser Tan Sri Vincent Tan Chee Yioun said the projects are expected to spur job creation and downstream opportunities for Perlis. 'We can start by creating around 100 jobs. Over time, with the addition of facilities like small-scale factories for processing and end-product development, we could employ a few hundred more,' he said in a press conference after the MoU signing ceremony held at Berjaya Times Square Hotel today, which was attended by Perlis Menteri Besar Mohd Shukri Ramli. The MoU was signed by Tan, Berjaya Land Bhd Group CEO Syed Ali Shahul Hameed, Impianan Utara executive director Datuk Syed Tajul Arif Syed Baharoon Al Jumlud and COO Lukman Mahmood. Under the collaboration, Berjaya Land and Impianan Utara will undertake exploration and development activities for rare earth elements and other strategic minerals within Perlis. Impianan Utara has secured the necessary state-level approval through its partnership with MBI Perlis. The initiative aligns with Malaysia's ambition to become a globally competitive and environmentally responsible player in the rare earth industry. Perlis is expected to benefit from this development on mining revenue, job creation, and the stimulation of local commercial ecosystems. The project is set to generate sustainable revenues for the state and elevate Perlis into a new era of economic prosperity. In a complementary initiative, Berjaya Land will also collaborate with Impianan Utara on a plantation project involving Napier hybrid grass and premium Blackthorn durian. This joint venture, also in collaboration with MBI Perlis, is designed to strengthen the state's agro-economy by boosting food security, enabling downstream agro-processing, and opening up opportunities for export. Revenue from the plantation projects will be shared with the state through MBI Perlis' arrangement with Impianan Utara, alongside annual lease payments that will contribute to state coffers. Syed Ali shared that this partnership reflects their continued belief in the vast potential of regional development in Malaysia. He said Berjaya Land sees value not just in the projects themselves, but in the positive ripple effects they can bring from creating jobs and attracting investments, to uplifting surrounding communities and promoting knowledge exchange. 'We approach this collaboration with humility and purpose and to contribute meaningfully to the local economy while upholding principles of environmental and operational governance,' he said in a separate statement. Syed Tajul Arif commented that the company's roots in Perlis give a deep understanding of the land's potential. 'We believe we can develop projects that are commercially viable, environmentally responsible, and beneficial to the people. This partnership stands as a symbol of public-private synergy driven by innovation, guided by local insight, and focused on delivering lasting value to the state and its people,' he said. Looking beyond these initial ventures, Berjaya Land and Impianan Utara will explore further collaborative opportunities, including border city development and tourism-related initiatives, leveraging Perlis' strategic location, improving infrastructure, and growing investment appeal.
