Inovatif

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  • NCT Alliance Berhad to acquire 51% stake in Setara Juara Sdn Bhd for landmark property development project in Sabah

    NCT Alliance Berhad to acquire 51% stake in Setara Juara Sdn Bhd for landmark property development project in Sabah

    Puchong, September 20 2024 – NCT Alliance Berhad (‘NCT”) has inked a
    Memorandum of Understanding (MoU) with the existing shareholders of Setara
    Juara Sdn Bhd (“SJSB”) to acquire a 51% equity interest in SJSB. The proposed
    acquisition aligns with the Company’s strategic plan to expand its property
    development business particularly in Sabah.

    Setara Juara Sdn Bhd, a private limited company incorporated in Malaysia, holds the
    development rights for approximately 249.67 acres of land strategically located in
    Dumpil Bay, in the Putatan district of Sabah. Situated along the Kota Kinabalu –
    Putatan – Lok Kawi Pan Borneo Highway, the project site is located approximately
    15 minutes (13 kilometers) from Kota Kinabalu City Centre, 10 minutes
    (6kilometers) from Kota Kinabalu International Airport and 5 minutes (1 kilometer) from
    Putatan Town Centre.

    The land is earmarked for a mixed-development project, with an estimated gross
    development value (GDV) of approximately RM3 billion. The project is expected to
    attract a diverse range of residents and businesses, contributing to the economic
    growth.

    In addition, the project will stand to benefit from the recent launch of Sabah-Malaysia
    My Second Home Programme (“Sabah-MM2H”). The Sabah-MM2H will bolster
    foreigners’ demand for high-rise properties and spur the property market in Sabah.

    Herman Lee Show Kien and Melvin Lee Ying, the current shareholders and directors
    of Setara Juara Sdn Bhd, will continue to play an integral role as key partners in this
    development. Herman and Melvin are both civil and structural engineers by
    profession. Herman has been practicing as a Civil and Structural Consultant in his
    own firm for 46 years since 1978.

    Dato Sri Yap Ngan Choy, NCT Alliance’s Executive Chairman and Group Managing
    Director, stated, "This MoU is a key component of our Group’s long-term growth
    strategy for Sabah, Malaysia’s second-largest state with a population of 3.6 million.
    Sabah boasts the country’s second-busiest airport, making it an appealing
    destination for tourists drawn to its natural beauty and a significant hub for
    investment. This agreement marks an important step for the NCT Group as we
    expand our presence in Sabah, this time by collaborating closely with our new
    partners who possess proven expertise in property development in the Sabah State.”

    Mr Herman Lee, SJSB’s Director and major shareholder, stated, “There are
    insufficient landed residential property developments, especially single-storey terrace
    housing projects in Kota Kinabalu due to the high land costs. Presently, most
    developers prefer to develop high-rise condominiums. Our project is unique in the
    sense that we aim to cater to the local market needs. Terrace houses are in good
    demand in Kota Kinabalu and welcome by the local banks for end-financing to the
    purchasers.”

    The signing of this MoU represents an important step forward for NCT in its mission
    to create and expand innovative and sustainable living spaces in key locations
    across Malaysia. The project in Dumpil Bay is poised to meet the growing demands
    of Sabah property market, offering diverse options for residents and businesses
    while enhancing the overall quality of life in the region.

    This strategic collaboration highlights NCT’s dedication to growth and its focus on
    delivering high-value developments that benefit communities and stakeholders.

    About NCT Alliance Berhad
    Listed on the Main Market of Bursa Malaysia, NCT Alliance Berhad is involved in the development of
    residential properties, tourism centric investment properties, and industrial properties. The Company
    was first incorporated in 2004 as an Information Technology service provider, before venturing into the
    property development sector in mid-2013. NCT Alliance’s focus shifted solely to property development
    with the takeover by YBG Yap Consolidated Sdn Bhd in 2019. Executive Chairman and Group
    Managing Director, Dato’ Sri Yap Ngan Choy, brings with him over 40 years of experience in the
    property industry. With his leadership, the Company is poised to make bigger and bolder moves in the
    property industry.

    For more information, please visit our website at www.nctalliance.com.

  • Alibaba Cloud Unveils New AI Models and Revamped Infrastructure for AI Computing

    Alibaba Cloud Unveils New AI Models and Revamped Infrastructure for AI Computing

    Kuala Lumpur, Malaysia, September 19, 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced it has released over 100 of its newly-launched large language models, Qwen 2.5, to the global open-source community. This significant contribution was revealed at the Apsara Conference, its annual flagship event.

    In addition, Alibaba Cloud has unveiled a revamped full-stack infrastructure designed to meet the growing demands for robust AI computing. This new infrastructure includes innovative cloud products and services that enhance computing, networking, and data center architecture, all aimed at supporting the thriving development and wide-range applications of AI models.

    “Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure. We aim to establish an AI infrastructure of the future to serve our global customers and unlock their business potential,” said Eddie Wu, Chairman and Chief Executive Officer of Alibaba Cloud Intelligence.

    100 Open-sourced Models Unveiled

    The newly released open-source Qwen 2.5 models, ranging from 0.5 to 72 billion parameters in size, feature enhanced knowledge and stronger capabilities in math and coding and are able to support over 29 languages, catering to a wide array of AI applications both at the edge or in the cloud across various sectors from automobile, gaming to science research.

    The Qwen model series, Alibaba Cloud’s portfolio of proprietary large language models, has achieved remarkable traction since its debut in April 2023. To date, the Qwen models have surpassed 40 million downloads across platforms such as Hugging Face and ModelScope, an open-source community initiative by Alibaba. Furthermore, these models have inspired the creation of over 50,000 models on Hugging Face.

    The Qwen 2.5 release will see over 100 models being made open-source. This extensive range includes base models, instruct models, and quantized models of various precision levels and methods, spanning different modalities such as language, audio, and vision, along with specialized code and mathematical models.

    “Today marks a significant milestone as we launch our most expansive open-source initiative to date,” said Jingren Zhou, Chief Technology Officer of Alibaba Cloud Intelligence. “This initiative is set to empower developers and corporations of all sizes, enhancing their ability to leverage AI technologies and further stimulating the growth of the open-source community. We remain committed to investing in advanced AI infrastructure to foster the widespread adoption of generative AI technologies across different industries.”

    Alibaba Cloud also announced an upgrade to its proprietary flagship model Qwen-Max. The enhanced Qwen-Max model demonstrates performance on par with other state-of-the-art models in areas such as language comprehension and reasoning, math, and coding.

    Qwen2.5-Max demonstrates strong performance in various areas such as math and coding compared with other state-of-the-art models.

    Expanding the Frontier in Multimodal

    In addition to its extensive suite of large language models, Alibaba Cloud also unveiled a new text-to-video model as part of its image generator, Tongyi Wanxiang large model family. The new model is capable of generating high-quality videos in a wide variety of visual styles from realistic scenes to 3D animation. The model can generate videos based on Chinese and English text instruction and transform static images into dynamic videos. The model features advanced diffusion transformer (DiT) architecture to enhance video reconstruction quality.

    The cloud leader is also deploying a significant update to its vision language model with the introduction of Qwen2-VL, capable of comprehending videos lasting over 20 minutes and support video-based question-answering. Equipped with sophisticated reasoning and decision-making capabilities, Qwen2-VL is designed for integration into mobile phones, automobiles and robots, facilitating the automation of specific operations.

    For computer programming, Alibaba Cloud has also launched an AI Developer, a Qwen-powered AI assistant designed to support programmers automate tasks such as requirement analysis, code programming and identifying and fixing software bugs. This enables developers to concentrate more on essential duties and further their skills.

    A Full-Stack AI Infrastructure Upgrade

    The cloud pioneer has also announced a slew of innovative updates to its full-stack AI infrastructure covering green datacenter architecture, data management, model training and inferencing:

    Next-Gen Data Center Architecture for Surging AI Development: To meet the increasing and diverse demand for high-performance computing power driven by the global AI boom, Alibaba Cloud has revealed its next-generation data center architecture, CUBE DC 5.0. The new CUBE architecture increases energy and operational efficiency with a set of advanced and proprietary technologies such as wind-liquid hybrid cooling system, all-direct current power distribution architecture and smart management system and reduces deployment times by up to 50% compared to traditional data center builds through prefabricated modular designs.

    Open Lake Solution to Maximize Data Utility: As organizations face challenges in managing vast amounts of data amidst the growing demand for generative AI, Alibaba Cloud introduces Alibaba Cloud Open Lake which can seamlessly integrate big data engines into a unified solution, maximizing data utility especially for generative AI applications. By integrating workflows, performance optimization, and robust governance in a single platform, it achieves efficient resource usage through compute-storage separation, clear data governance, and significant cost and time savings.

    AI Scheduler with Integrated Model Training and Inference: Alibaba Cloud has launched PAI AI Scheduler with integrated model training and inference, a proprietary cloud-native scheduling engine designed to enhance computing resource management. Through utilizing intelligent integration of diverse computing resources, flexible resource scheduling, real-time tasks adjustments, and automatic fault recovery, it can achieve over 90% of effective compute utilization rate.

    DMS for Unified Management of Metadata: To help organizations efficiently manage their data and unleash values, Alibaba Cloud introduced DMS: OneMeta+OneOps, a platform that enables a unified management of over 40 types of data sources in database, data warehouse, and data lake across multiple cloud environments. The platform will boost data utilization rate by 10 times, significantly enhancing the efficiency of transforming data into valuable intelligence.

    More Powerful Elastic Compute Service: Alibaba Cloud also introduced the 9th Generation Enterprise Elastic Compute Service (ECS) instance during the conference. The latest generation of ECS instances has notable performance enhancements, including a 30% increase in search recommendation speed and a 17% improvement in the effectiveness of reading and writing Queries Per Second (QPS) when applying to database products compared to the previous generation.

    These updates are designed to provide more comprehensive support for customers and partners to maximize the benefits of the latest technology has to offer for building even more efficient, sustainable and inclusive AI applications.

     

    About Alibaba Cloud

    Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.

  • BURSA CARBON EXCHANGE (BCX) NOW OFFERS CONTINUOUS TRADING FOR RENEWABLE ENERGY CERTIFICATES (RECS)

    BURSA CARBON EXCHANGE (BCX) NOW OFFERS CONTINUOUS TRADING FOR RENEWABLE ENERGY CERTIFICATES (RECS)

    Kuala Lumpur, 17 September 2024 – Bursa Carbon Exchange (“BCX”), a wholly-owned
    subsidiary of Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), is pleased to
    announce the successful go-live of its renewable energy certificates (RECs) continuous
    trading on 9 September 2024. This extends its previous RECs auction capability and
    includes the facilitation of off-market transactions on its platform.

    This development marks a significant milestone as BCX expands its trading offering from
    voluntary carbon credits to now include voluntary unbundled RECs. It reinforces BCX as a
    one-stop, Shariah-compliant, multi-environmental product exchange, democratising
    access and creating new opportunities for the market through additional asset classes,
    investment, and trading choices.

    Additionally, BCX’s offering of Malaysian RECs has grown from only hydropower REC
    previously, and will also include RECs generated from solar photovoltaic, bioenergy and
    small-hydropower sources. This diversification in the RECs-product range will allow local
    corporates to select RECs based on their specific preferences based on their Scope 2
    emissions reduction needs. All RECs are issued under the I-REC Standard, a globally
    recognised standard body, and adhere to the International Attribute Tracking Standard,
    managed by the I-TRACK Foundation (formerly known as the I-REC Standard). The BCX
    trading platform is accredited by the I-TRACK Foundation, with BCX being the first
    Malaysian trading platform operator, and one of only eight globally, to receive this
    accreditation.

    The platform will enable participants to conveniently trade both carbon credits and RECs.
    “We are pleased to offer this opportunity for companies to take proactive steps in their
    sustainability journey,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa
    Malaysia. “The BCX platform provides a seamless and efficient way for businesses to
    procure environmental assets such as RECs and carbon credits, supporting their
    commitment to reducing carbon footprints and promoting renewable energy and
    decarbonisation projects.”

    “The availability of RECs continuous trading facilitates the increased adoption of
    renewable energy in Malaysia, contributing towards objectives in Malaysia’s National
    Energy Transition Roadmap (NETR),” added Datuk Muhamad Umar. “Enabling the trading
    of RECs encourages more renewable energy projects by making them more financially
    viable and attractive to investors, which supports accelerating the nation’s transition
    towards a low-carbon economy.”

    The healthy interest and price signals shown by the domestic corporate sector during the
    inaugural auction of RECs1, and commencement of continuous RECs trading, has
    demonstrated local market demand for a transparent pricing mechanism and enhanced
    accessibility to unbundled RECs.

    The Exchange encourages corporates to onboard onto the BCX platform without delay.
    Early onboarding provides benefits such as competitive trading fees, and positions
    corporates to be well-prepared for their emissions reduction plans and year-end
    sustainability reporting.

    For more information on how to onboard and to start trading, contact BCX at
    https://bcx.bursamalaysia.com/web/contactus

    About Bursa Malaysia
    Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005.
    It has grown to be one of the largest bourses in ASEAN. Today, Bursa Malaysia operates
    and regulates a multi-asset exchange, offering a comprehensive range of investment,
    capital raising, and exchange-related facilities. Bursa Malaysia is committed to its mission
    of Creating Opportunities, Growing Value for the Malaysian capital market, economy, and
    society. Learn more at bursamalaysia.com.

    About Bursa Carbon Exchange
    Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia, is a global spot exchange
    that enables corporates to take practical climate mitigation action through the trading of
    carbon credits and RECs from projects with measurable climate action outcomes that
    adhere to the international standards. The carbon exchange was incorporated in 2022 and
    is operated by Bursa Malaysia Carbon Market Sdn. Bhd.
    Visit https://bcx.bursamalaysia.com for more information.

  • INVEST MALAYSIA HONG KONG SHOWCASES MALAYSIA’S ‘INDUSTRIAL DIPLOMACY’ TO DRIVE NATION’S SUSTAINABLE GROWTH

    INVEST MALAYSIA HONG KONG SHOWCASES MALAYSIA’S ‘INDUSTRIAL DIPLOMACY’ TO DRIVE NATION’S SUSTAINABLE GROWTH

    Kuala Lumpur, 12 September 2024 – Bursa Malaysia Berhad (“Bursa Malaysia” or the
    “Exchange”) today hosted the Invest Malaysia 2024 (“IM2024”) in Hong Kong, as part of the
    Exchange’s Invest Malaysia series for this year.

    YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Malaysia’s Minister of
    International Trade & Industry (“MITI”), officiated the event and delivered the keynote
    address which focused on Malaysia’s industrial reform policies centred around the New
    Industrial Master plan 2030 (“NIMP 2030”) and National Energy Transition Roadmap
    (“NETR”). Tengku Zafrul also made a specific reference to Malaysia’s National
    Semiconductor Strategy (“NSS”) to sharpen the sector’s competitive edge, and the Green
    Investment Strategy (“GIS”), to attract sustainability-themed investments, in propelling the
    nation’s resilient growth.

    IM2024 in Hong Kong represents the third major financial city in Bursa Malaysia’s
    engagement session with equities investors across the region. The FBM KLCI has
    appreciated 12.7 per cent as at YTD 11 September 2024 and looks set to grow further on
    the back of Malaysia’s strong macroeconomic indicators such as commendable GDP
    growth, encouraging uptick in investments and exports, as well as a currency that is at its
    strongest in 18 months.

    In his address, YB Senator Tengku Zafrul elaborated that through the NSS, Malaysia is
    building on its strengths in the back-end process and Outsourced Assembly and Testing
    (“OSAT”) component of the global industry value chain, to advance towards higher-value
    activities such as integrated circuit design, advanced packaging and equipment
    manufacturing.

    Tengku Zafrul said, “MITI understand that investors – whether in industries or in our stock
    market – are looking for two key criteria: clarity of policies, and strength of implementation
    of those policies. Our efforts on both fronts appear to have paid off, judging from the 18
    per cent increase in approved investments for 1H2024, and the 12.7 per cent rise in our
    equities market in the past year. Coupled with our strong economic fundamentals,
    Malaysia is fast becoming be the preferred regional destination for high quality
    investments under the MADANI economy framework.”

    Invest Malaysia 2024 in Hong Kong focused on the investment opportunities available
    under the NSS and GIS, both of which are aimed at enhancing Malaysia’s long-term
    industrial resilience and sustainability, while positioning the country as a regional leader in
    green manufacturing and technology. This would, in turn, make Malaysia a more
    competitive trading nation. Investors’ confidence has also been earned through MITI’s
    efforts in enhancing the ease of doing business, as well as strong public-private
    collaboration to address key issues such as skilled industrial talent pipeline.

    Following the keynote address, Tengku Zafrul engaged in a fireside chat moderated by
    Datuk Muhamad Umar Swift, Chief Executive Officer (CEO) of Bursa Malaysia. During the
    session, the Minister shared how the NSS serves in the 3-phase roadmap1for Malaysia’s
    semiconductor industry to move up the value chain in the next decade, towards meeting
    headline targets such as attracting RM500 billion worth of investments; establishing 10
    Malaysian companies in design and advanced packaging; developing Malaysia as a global
    R&D hub for semiconductors; and training and upskilling 60,000 high-skilled Malaysian
    engineers.

    The Minister also elaborated on MITI’s role in supporting the implementation of the GIS
    towards the realisation of Malaysia’s Net Zero target by 2050, as outlined by the NIMP
    2030 and the NETR.

    Tengku Zafrul added, “Invest Malaysia continues to be one of the best platforms to
    effectively communicate our policies and implementation updates to make Malaysia the
    preferred investment destination for high quality investors.”

    Datuk Muhamad Umar Swift, CEO, Bursa Malaysia, said, “It is an honour to have the Minister
    of MITI, alongside key Malaysian public listed companies participate in Invest Malaysia
    2024 in Hong Kong. Their collective presence exemplifies the synergistic approach
    between the government and Corporate Malaysia, working together to achieve the
    growth plans and aspirations under the MADANI economy framework.”

    He added, “Invest Malaysia continues to be the leading capital market conversation
    platform for the global investment community to fully appreciate Malaysia’s growing
    position as an attractive and sustainable investment destination. Our next Invest Malaysia
    will be organised in Iskandar Puteri, Johor on 26 September 2024 to highlight the Johor-
    Singapore Special Economic Zone propositions.”

    Invest Malaysia 2024 Hong Kong attracted over 350 investors including fixed income,
    equity and private equity investors with combined Asset Under Management (“AUM”) of
    over USD3 trillion (approximately RM13 trillion).

    About Bursa Malaysia
    Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005.
    It has grown to be one of the largest bourses in ASEAN. Today, Bursa Malaysia operates
    and regulates a multi-asset exchange, offering a comprehensive range of investment,
    capital raising, and exchange-related facilities. Bursa Malaysia is committed to its mission
    of Creating Opportunities, Growing Value for the Malaysian capital market, economy, and
    society. Learn more at BursaMalaysia.com.

  • Zurich Malaysia Earns Recognition for Digital Innovation and Customer-Centric Initiatives

    Zurich Malaysia Earns Recognition for Digital Innovation and Customer-Centric Initiatives

    KUALA LUMPUR, 11 September 2024 –Zurich Malaysia has been recognised with six prestigious
    awards at the Insurance Asia News Awards and the Asia Insurance Awards, showcasing the
    company’s commitment to digital innovation and customer-centric initiatives. These accolades
    highlight Zurich Malaysia’s leadership in the insurance and takaful sectors.

    Celebrating excellence at the Insurance Asia News Awards
    Zurich Malaysia was named Best Life Insurer, a testament to its dedication to providing exceptional
    life insurance and family takaful solutions. The company’s focus on sustainability, community
    engagement, and innovative product offerings has set it apart.

    Under the leadership of Junior Cho, Country CEO/Head of Zurich Malaysia, the company has
    prioritised customer needs and digital transformation. Junior expressed his gratitude for the
    Outstanding CEO Award, stating, “These awards are not just an acknowledgement of our past
    efforts but a motivation for us to continue pushing boundaries. This award is for the 1,500 Zurich
    employees across Malaysia who dedicate their efforts and hard work to putting our customers first.
    We remain dedicated to providing innovative solutions that meet the diverse needs of Malaysians,
    ensuring they are protected and empowered in all aspects of their lives.”

    Zurich Malaysia’s dedication to customer service was further recognised with the Outstanding
    Claims Management award. The company’s emphasis on swift, fair, and seamless claims processing
    has enhanced customer experience and fostered strong customer relationships.

    Showcasing customer-centricity at the Asia Insurance Awards
    Zurich Malaysia’s commitment to digital innovation has been a key driver of its success. The
    introduction of the Straight-Through Processing (STP) system has transformed how customers
    manage their investment-linked plans, enabling real-time adjustments and greater transparency. This
    initiative earned the Customer Service Initiative of the Year award, exemplifying Zurich Malaysia’s
    approach to making protection more accessible and user-friendly.

    Additionally, the company’s effort in improving the travel insurance claims process was acknowledged
    with the Travel Insurance Initiative of the Year award. By leveraging technology to reduce claims
    turnaround time, Zurich Malaysia ensures a seamless and efficient experience for customers.

    Zurich Malaysia’s “Care For What Matters” brand campaign, which bagged the Marketing Initiative
    of the Year, underscores the company’s dedication to supporting Malaysians during challenging
    times. The campaign not only resonated with the community’s desire for a brighter and more secure
    future but also reflected Zurich Malaysia’s deep understanding of the pressures faced by individuals
    and families, such as rising living costs and emotional stress.

    Junior Cho, Country CEO/Head of Zurich Malaysia said “Moving forward, we will continue building
    on these achievements by focusing on digital innovation, customer experience, and community
    engagement, ensuring that these priorities remain at the forefront of the insurance and takaful
    landscape in Malaysia. Our mission is to support Malaysians through thick and thin, helping them care
    for what matters most.”

    About Zurich Malaysia
    Zurich Malaysia is a collective reference term for the Zurich Insurance Group (Zurich) business
    subsidiaries operating in Malaysia: Zurich General Insurance Malaysia Berhad, Zurich Life Insurance
    Malaysia Berhad, Zurich General Takaful Malaysia Berhad and Zurich Takaful Malaysia Berhad.
    Zurich Malaysia offers a broad range of comprehensive insurance and takaful solutions; helping
    individuals as well as business owners understand and protect themselves, their businesses and their
    assets from risk. Zurich Malaysia has an integrated branch network in major cities nationwide as well
    as dedicated agency and distribution channels nationwide to serve the needs of its customers. For
    further information on Zurich Malaysia, visit www.zurich.com.my.

  • Chin Hin Group Property Announces Landmark Joint Development in Johor Bahru with Atlan Holdings Berhad

    Chin Hin Group Property Announces Landmark Joint Development in Johor Bahru with Atlan Holdings Berhad

    Chin Hin Group Property Berhad (CHGP) is pleased to announce that its wholly-owned subsidiary, Chin Hin Property (Stulang) Sdn Bhd (CHPSSB), has entered into a joint development agreement (JDA) with Atlan Holdings Berhad, through its indirect subsidiary Kelana Megah Sdn Bhd (KMSB). This strategic collaboration will lead to the development of a landmark mixed-use project in Johor Bahru, further expanding CHGP’s presence in this key growth area.

    The development will take place on a 4.29-acre (approximately 17,342 square meters) parcel of leasehold land in Johor Bahru, Johor. With an estimated gross
    development value (GDV) of RM478.42 million, the development will comprise two blocks of serviced apartments featuring 1,260 residential units, 10 retail lots, and multi-storey car parks.

    A Vision for the Future of Johor Bahru
    This development embodies a strategic partnership between CHPSSB and KMSB, aimed at crafting modern and dynamic urban spaces that address the evolving demands of Johor Bahru’s residents. By integrating innovative design with functional living, this project will set a new standard for urban development in the region.

    “This joint venture with Kelana Megah Sdn Bhd is a significant step in our mission to deliver high-quality developments in key locations. Johor Bahru stands out as an important area for our growth, and this project is a landmark achievement as we introduce premium lifestyle residential and retail spaces to the region,” said Mr. Chiau Haw Choon, Group Managing Director of CHGP.

    Strategic Partnership with Atlan Holdings Berhad
    Atlan Holdings Berhad, through its indirect subsidiary Kelana Megah Sdn Bhd, brings its extensive property development expertise to this collaboration. Under the JDA, Atlan Holdings Berhad will be entitled to 18% of the total net saleable area (NSA) of the project, reinforcing the mutually beneficial nature of this partnership.

    About Chin Hin Group Property Berhad
    Chin Hin Group Property Berhad (CHGP), a subsidiary under Chin Hin Group Berhad (CHG), operates as a pivotal entity within the building conglomerate. CHG
    offers comprehensive end-to-end solutions encompassing upstream building materials manufacturing and construction engineering to downstream property
    development and home & living solutions.

    With a rich legacy of excellence, CHGP has firmly established itself as a distinguished player in the property development industry. At CHGP we believe
    everyone deserves to experience exceptional living. We pride ourselves on providing high-quality yet affordably priced housing solutions. Our dedicated management is committed to making quality living spaces accessible to a wide range of individuals without compromising on the standards of excellence we are known for.

    Operating primarily in the vibrant locales of Klang Valley, Penang and Melaka, our portfolio boasts a series of successfully launched and completed ventures, notably including Ayanna Resorts Residence at Bukit Jalil, Avantro Residences at Bandar Kinrara, Quaver Residence at Sungai Besi, Solarvest Suites at Bangsar South, Dawn KLCC, Crown Penang, 8th & Stellar at Sri Petaling, Aera Residence at Petaling Jaya, G Residence at Kuala Lumpur, and Novum at Bangsar South. These projects are a testament to our commitment to crafting diverse and exceptional living spaces.

    About Kelana Megah Sdn Bhd
    Kelana Megah Sdn Bhd is a wholly owned subsidiary of Orchard Boulevard Sdn Bhd, which is an indirect subsidiary of Atlan Holdings Berhad. Established in 1988 as Atlan Holdings Sdn Bhd, Atlan was listed on Bursa Malaysia’s Second Board in 1996 and moved to the Main Market in 2009. Atlan focuses on investment holding and providing management, financial, and technical services, while its subsidiaries operate in property investment, hospitality, auto-components manufacturing, and duty-free merchandise trading.

  • CPI Land Launches Residential Development In The Heart Of Kuala Lumpur

    CPI Land Launches Residential Development In The Heart Of Kuala Lumpur

    Kuala Lumpur, Malaysia, 10 September 2024  – Award- winning CPI Land announced the much-awaited official launch of Tuan Heritag3, the latest development in the distinguished Tuan Series. 

    The launch event took place at the Tuan Heritag3 Sales Gallery, ushering in a fresh chapter of urban living, where heritage meets modern elegance. Strategically located in Segambut, Tuan Heritag3 pays tribute to retro glamour while incorporating timeless beauty and sophisticated design, within a Transit-Oriented Development (TOD) area, providing residents with unparalleled access to public transportation and city amenities.

    The launch itself was a grand celebration attended by a large crowd of business associates and prospective homeowners. The event unfolded with an array of activities, including a lion dance performance and a Feng Shui Talk by Dato Anthony Cheng from Meta Group. 

    CPI Land Chairman, Chung Shan Tat said, “CPI Land is committed to constantly reviewing, adapting, and innovating to meet consumer needs, especially in creating homes that resonate with personal tastes and high expectations. Tuan Heritag3 exemplifies this commitment, offering an elevated living experience that balances heritage and modernity. Tuan Heritag3 is not just a residence; it is a celebration of architectural heritage, thoughtful design, and modern convenience, setting a new benchmark in urban living.”

    “In line with the latest market trends, target audience expectations, and industry developments, Tuan Heritag3 brings a fresh and updated concept to urban living. We are excited with this development as it is not just about creating homes but about crafting experiences that resonate with our residents, both now and in the years to come.”

    Understanding the needs of contemporary living and equipped with family-centric amenities, such as dedicated parcel and food drop areas, comprehensive recreational facilities, the spaces were designed to enhance the quality of life for residents. Tuan Heritag3 also provides EV charging bays, free Wi-Fi service in co-working spaces, and a shuttle service to the nearest MRT station and shopping areas. These features cater to the dynamic lifestyle of today’s residents, providing comfort, convenience, and connectivity. With a build-up of 820sq ft to 1026sq ft, all units are semi furnished with 3 bedrooms and 2 bathrooms, with the selling price starting at RM 511 400.

    About CPI Land

    CPI Land is a leading property developer dedicated to creating exceptional residential projects that redefine urban living. With a strong commitment to quality, innovation, and customer satisfaction, CPI Land aims to enhance the way people live, work, and play through its developments. Known for their attention to detail and meticulous craftsmanship, CPI Land continues to shape the landscape of the real estate industry by delivering extraordinary projects that inspire and elevate lifestyles.

    For more information, please visit www.cpiland.com

  • Tanco Strengthens Ties with Chinese Partners to Accelerate Development of Malaysia’s First Smart AI Port in Negeri Sembilan

    Tanco Strengthens Ties with Chinese Partners to Accelerate Development of Malaysia’s First Smart AI Port in Negeri Sembilan

    KUALA LUMPUR, 10th SEPTEMBER 2024 – Tanco Holdings Berhad (“Tanco” or “the Group”), a Emerging Malaysian Mid Cap company, has recently participated in the “Malaysia-China Entrepreneurs Exchange Conference” held in Kuala Lumpur on 9th September 2024, in conjunction with the 50th anniversary of China-Malaysia diplomatic relations.

    The event was a collaborative initiative to foster deeper economic cooperation between Malaysia and China, focusing on transformative infrastructure projects such as Tanco’s highly anticipated Smart AI Container Port in Negeri Sembilan.

    The conference brought together prominent organisations, including the Shanghai Overseas Economic and Technical Promotion Association, Malaysia Overseas Economic and Technological Industrial Development Association and the Malaysia-China Business Council. It served as a platform for promoting bilateral investments, particularly on sustainable development and digital economic cooperation.

    Tanco’s Smart AI Container Port was highlighted as a key infrastructure project that will enhance Malaysia’s international trade capabilities. The port, boasting state-of-the-art technology and backed by a 480-acre landbank, will feature natural deep-water access exceeding 21 meters, allowing it to accommodate the world’s largest container ships. This positions Negeri Sembilan as a pivotal maritime hub in Southeast Asia, unlocking significant economic potential for Malaysia’s logistics and industrial sectors.

    YB Teo Kok Seong, Negeri Sembilan State Executive Councilor, underscored Negeri Sembilan’s competitive investment environment, citing its geographic advantage as pivotal for Tanco’s port development. 

    Mr. Qi Quansheng, Chairman of the Shanghai Federation of Overseas Chinese, emphasised the important role overseas Chinese businesses play in the Belt and Road Initiative (BRI). 

    Tan Sri Datuk Seri Panglima Dr. Goh Tian Chuan (Tan Sri T.C. Goh), Chairman of the Executive Committee of the Malaysia-China Business Council, commended the growing partnership between Malaysia and China over the past five decades. 

    During the event, Dato’ Sri Andrew Tan Jun Suan, Group Managing Director of Tanco Holdings Berhad, expressed the Group’s vision to create a world-class port that will drive economic growth and technological advancement in Malaysia. 

    The project’s strategic location, coupled with Negeri Sembilan’s competitive land prices, makes it an attractive investment destination for both local and international enterprises. The state has already seen over RM2 billion in foreign investments, including notable players like Nezha Automobile, Lee Kum Kee, and Kibing Glass. 

    The successful completion of the Smart AI Container Port will mark a significant milestone in Malaysia’s infrastructure development, offering advanced logistics capabilities while promoting sustainable practices. It will also serve as a catalyst for the growth of industrial zones and green technology investments in the region.

    As Malaysia and China celebrate five decades of diplomatic relations, the Smart AI Port project underscores the long-standing partnership between the two nations and paves the way for future economic collaborations. Tanco Holdings remains committed to driving innovation and economic growth through strategic partnerships, sustainable practices, and technological advancement.

  • microLEAP Applauds SC’s Call for Islamic Finance Collaboration to Shape the Future of Islamic Fintech

    microLEAP Applauds SC’s Call for Islamic Finance Collaboration to Shape the Future of Islamic Fintech

    Kuala Lumpur, Malaysia – September 10, 2024 – microLEAP, Malaysia’s prominent P2P financing platform specialising in Islamic financing, welcomes the recent call by the Securities Commission Malaysia (SC) for stakeholders to collaborate in shaping the future of Islamic fintech. As pioneers in introducing both Shariah-compliant and conventional financing on the same platform, microLEAP fully supports SC Chairman Datuk Mohammad Faiz Azmi’s emphasis on leveraging the ethical principles of Maqasid al-Shariah to engage a broader audience. 

    microLEAP’s mission is closely aligned with these values, advocating for ethical and inclusive financing while remaining committed to the growth of the Islamic fintech ecosystem. With physical offices in Sabah, Sarawak, Johor, Perak, and Penang, this strategic move underlines microLEAP’s commitment in extending the reach of Islamic financing beyond just the Klang Valley.

    In the first half of 2024, 98.7% of the company’s financing notes were Shariah-compliant, showcasing its leadership in this space. microLEAP disbursed RM 46.56 million across 78 notes during Q1 and Q2, and has already disbursed over RM 175 million since its inception. This significant growth reflects the increasing demand for Islamic financing solutions, aligning with the SC’s findings that Islamic ECF and P2P platforms now contribute 24% of total alternative funding, compared to just 8% in 2022.

    Collaboration is key to unlocking the potential of Islamic fintech. microLEAP continues its ongoing partnership and collaboration with key government bodies, such as the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), SME Corp, and the Malaysian Technology Development Corporation (MTDC), to advance Islamic finance and ensure greater financial inclusion.

    Datuk Mohammad Faiz’s call for a balanced regulatory framework is timely, and microLEAP fully supports the SC’s initiatives to foster innovation while ensuring market integrity. microLEAP embodies this balance, as demonstrated by its reduction in default rates to 0.77%. The platform continues to focus on responsible risk management while delivering strong returns for investors, achieving an average return of 15.1% in the first half of 2024.

    As Malaysia’s P2P financing ecosystem continues to grow, microLEAP remains dedicated to contributing to this upward trajectory. Its expansion into underserved areas of Malaysia further reaffirms microLEAP’s dedication to ensuring that all of Malaysia benefit from the potential of Islamic fintech.

    “At microLEAP, we believe in taking bold steps toward a more inclusive and ethical financial ecosystem. By partnering with key government agencies and establishing a physical presence in several states, we are breaking barriers and expanding access to Islamic financing,” said Tunku Danny Nasaifuddin Mudzaffar, Founder and CEO of microLEAP. “Collaboration is the cornerstone of progress, and together with our partners, we aim to shape a brighter future for Islamic fintech.”

    microLEAP stands ready to collaborate with the SC and other stakeholders to build a robust, inclusive, and ethically-driven financial ecosystem. The company remains steadfast in its belief that small steps can lead to a big impact.

  • The Haven Resort Announces its Collaboration with TUI Blue

    On 9 September 2024, The Haven Resort announced its strategic collaboration with TUI BLUE, a leading international hotel chain, to improve the marketing and management of its esteemed property. This marks a new chapter for The Haven Resort in its efforts in delivering exceptional hospitality experiences. This collaboration merges The Haven Resort’s commitment to personalised luxury and TUI BLUE’s innovative approach to modern hotel management. Guests can expect the same warm and welcoming atmosphere, now enhanced by TUI BLUE’s signature touches, including a focus on exceptional services, sustainability, and tailored guest experiences.

    The collaboration with TUI BLUE will elevate the quality and service of The Haven Resort and enhance it as a destination that meets the growing demands of today’s global travellers. The partnership with TUI BLUE brings a wealth of expertise, with an emphasis on high-quality service, outstanding dining, and a broad range of leisure activities.

    Mr. Peter Chan, CEO of The Haven, says, “I am pleased to announce the collaboration of The Haven with TUI BLUE, Germany. This has come about after 2 years of discussion. With The Haven Resort, we have thus far attracted more than 140,000 foreign tourists from over 100 countries to stay with us in Ipoh. With the branding and expertise of TUI BLUE, we can comfortably expect extensive growth in the years to come.”

    Mr. Artur Gerber, CEO of TUI BLUE, says, “It is with immense gratitude and excitement that I stand before you today at this grand opening of TUI BLUE The Haven Ipoh. Today marks a significant milestone and landmark occasion for the TUI BLUE brand as we proudly launch our first TUI BLUE hotel in Malaysia, right here in the enchanting city of Ipoh. I extend my heartfelt thanks to Mr. Chan, whose unwavering belief in our brand has been instrumental in bringing this vision to life. As we embark on this exciting journey together, I am confident that TUI BLUE The Haven Ipoh will set new standards of excellence in hospitality.”

    Mr. Jan Noether, Executive Director of The Malaysian-German Chamber of Commerce and Industry (MGCC), says, “”I had in the past passed by Ipoh three times on my way to Penang. It is my first time in Ipoh and I am in heaven! It is really fantastic. I had the pleasure to spend the first hour here with Mr. Chan. This place is really really remarkable.” Regarding TUI, he provides the following information, “TUI is the biggest tour operator in the world. They have 19 million customers a year, 400 over hotels and resorts, 17 cruise ships, 5 airlines with 130 aircrafts, 1,200 travel agencies, and employees all over the world for its operation spans over 140 countries. We are very proud to have TUI BLUE in Ipoh, their very first venture in Malaysia. And I am certain, as part of the Malaysian-German Chamber of Commerce and Industry, that there are more ventures to come. I wish you all the success in your future endeavours.”

    Dato’ Rumaizi bin Baharin @ Md Daud, The Mayor of Ipoh, says, “I am pleased to confirm that this partnership marks TUI BLUE’s inaugural entry into Malaysia and Singapore. I am confident that the collaboration between TUI BLUE and The Haven will be highly successful and will pave the way for TUI BLUE’s rapid expansion across Malaysia and Singapore, while The Haven extends its presence to Bintan, Indonesia. I would like to commend TUI BLUE for its astute choice. The Haven Ipoh is an exceptional resort, and Ipoh’s location is unmatched for such a development. Tourist arrivals to Ipoh have been increasing, and with TUI BLUE’s extensive network and connectivity, we anticipate a significant rise in tourism to Ipoh and Malaysia in the coming years.”

    He adds, “I fully endorse Mr. Peter Chan’s view that Ipoh is an ideal resort destination. I extend my congratulations to The Haven and TUI BLUE for recognising these benefits and choosing this location to promote your resort globally.”

    About TUI BLUE
    TUI BLUE offers experience-oriented lifestyle travellers a hotel product tailored to their individual needs – for adults, families or holidaymakers interested in local culture and authentic experiences. BLUE Guides provide great hospitality with a personal touch and the BLUE App offers guests lots of activities at their choice. The experiences are tailored for all ages and range from entertainment in a relaxed atmosphere to a holistic fitness and well-being programme as well as a variety of excursions. TUI BLUE hotels stand for food experiences with a local touch, including authentic regional dishes while also catering for all dietary needs or nutrition plans. The hotel brand has more than 90 hotels worldwide and expanding its portfolio with a strong focus on Asia, the Middle East and Africa. TUI BLUE is a global brand of TUI Hotels & Resorts‘ leading leisure hotel portfolio. This collaboration with The Haven Resorts is the first maiden project into Malaysia and Singapore.

    About TUI Group
    The TUI Group is one of the world’s leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI BLUE and Robinson and 16 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe’s leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.

    About The Haven
    The Haven is an award-winning and unique resort-style hotel situated on the edge of a virgin forest, with an ever-flowing lake and a 280-million-year-old limestone outcrop 15 minutes from the city center of Ipoh, Malaysia. The luxurious resort consists of 150 suites with lavish facilities, including a specially designed seahorse-shaped 5-level swimming pool, 600m jogging track, clubhouse, restaurant, spa, sports facilities and helipad. A place with everything for everyone, The Haven is a sanctuary for those looking to escape the hustle and bustle of city life with activities that cater to families, couples, outdoor enthusiasts, foodies and more.

    About The Haven Group
    The Haven development is the brainchild of Peter Chan and Amy Lau of The Haven Group of Companies. Boasting over 20 years of experience in property development and operations, they are committed to excellence and building and maintaining relationships. The concept of The Haven is an informal family resort, catering to all ages, all races and nationalities. Security, service, facilities and food are its main emphasis. With its one-of-a-kind location, specially curated offerings and future expansion plans, The Haven aims to champion Perak and Malaysian tourism and boost the local economy by attracting tourists from all over the globe.