Main Market-bound Paradigm REIT aims to raise RM560mil from IPO
PETALING JAYA: Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO).
In a statement today, Paradigm REIT said that upon listing, which is scheduled for June 10, 2025, it is expected to achieve an estimated market capitalisation of RM1.6 billion based on the illustrative issue price of RM1.00 per offer unit and a total listing of 1.6 billion units.
"Paradigm REIT's IPO is poised to be the largest Malaysian REIT IPO in the past 13 years and one of the largest IPOs in Malaysia for 2025.
"This shows the ability and depth of the Malaysian equity capital market to support large capital raises despite market volatility arising from the ongoing trade war,' it said. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Focus Malaysia
34 minutes ago
- Focus Malaysia
Enterprises lead the charge in AI-driven transformation
COMMERCIAL and industrial adoption of AI in Malaysia is at a nascent stage, but is steadily gaining traction. Enterprises are increasingly leveraging AI to drive data-informed decisions and automation to enhance efficiency and transform service delivery models. 'This typically involves the deployment of autonomous and semi-autonomous systems, such as drones, robots, intelligent machinery, software and cloud-based solutions, powered by AI,' said Kenanga Research (Kenanga). AI-powered systems depend on continuous data exchange and real-time feedback loops between users and machines, supported by sensors, edge devices, and cloud infrastructure. These deployments require ultra-low latency and high network reliability across both mobile and fixed networks. Hence, this is where 5G plays a critical role. Its advanced capabilities (low latency, high-throughput, network slicing, massive device connectivity) addresses the limitations of legacy 4G technology and complements fixed networks in enabling delivery of AI systems. At this juncture, the enterprise segment is best positioned to unlock AI and 5G's full potential, far more than the consumer market. As such, monetisation opportunities for 5G services emanate from enterprises, where the value proposition is clear and immediate. Recognising this, Malaysian telcos are now positioning themselves as enablers of integrated AI solutions, moving beyond their traditional role as pure connectivity providers. This shift is made possible through strategic partnerships with technology vendors, including robotics companies (Garuda, HelloWorld, Infinium, Weston), as well as equipment providers (HEXA IoT, Medilink Global, iFleet). 'While these partners handle the deployment of AI devices and software, CDB will focus on delivering the underlying connectivity infrastructure, including 5G sites, private 5G networks, and fiber -based solutions,' said Kenanga. However, enterprise awareness and understanding of commercial and industrial AI use cases remain limited, limiting widespread adoption. This is precisely where CDB's RM55 mil AiX Center plays a pivotal role. As a live showcase facility, the AiX Centre demonstrates practical, real-world applications of AI and 5G across key verticals. This enables businesses to fully appreciate these technologies and accelerate their adoption. Notable AI use cases that are featured at AiX are applicable to the following key sectors: Drones and robots manage inventory AI-powered inventory management systems deploy autonomous drones and robots to perform fully automated stock-taking. Equipped with high-resolution cameras and computer vision technology, these machines scan and identify inventory with precision, eliminating human error. Under low-lighting conditions, the drones effortlessly navigate high shelves spanning multiple floors, while robots transport heavy loads. According to DHL Malaysia, their AI system reduced electricity consumption and improved operational efficiency by more than 20-fold, with up to 100% accuracy. Smart poles: Blending surveillance, connectivity, and urban advertising Smart poles are AI-powered infrastructure equipped with sensors, high-definition cameras, digital displays, and energy-efficient LED lighting. They serve multiple functions, including real-time surveillance, traffic monitoring, weather tracking, population count, and behavioral analysis, enabled by AI-driven software. These poles also double as public WiFi access points and digital advertising platforms, enhancing urban connectivity while generating advertising revenue. CDB is currently in advanced discussions with Majlis Bandaraya Kuching Selatan (MBKS) for the deployment of smart poles within its jurisdiction. To recap, five smart poles were launched by Dewan Bandaraya Kuching Utara (DBKU) in December 2024 as part of Kuching's broader smart city initiative. AI robot arms replace doctors in performing ultrasound scans Adaptive medical robots can autonomously conduct ultrasound scans to examine internal organs. Equipped with AI-driven precision scanning, force-controlled movement, and real-time contour tracking, these robotic arms dynamically adjust to a patient's body contours, ensuring optimal probe-to-skin contact pressure. This consistent force application enhances scan accuracy and reliability to produce high-quality medical images. AI-trained robodogs tackle hazardous tasks at O&G facilities The undisputed star of our AiX site visit was the endearing and clever robodog by Weston Robot, which captivated participants as it attentively responded to voice commands. Beyond its charm, these robodogs hold practical value for deployment at oil and gas platforms, refineries, and petrochemical plants, where they can help streamline maintenance operations. Built to withstand hazardous environments with restricted human access or safety risks, robodogs are a compelling solution to enhance operational safety, efficiency, and remote inspection capabilities. While AI adoption in Malaysia's commercial and industrial sectors is still in its early stages, the integration of 5G infrastructure and strategic industry partnerships is accelerating its growth. The AiX Center serves as a critical catalyst, bridging the knowledge gap by demonstrating practical, high-impact AI use cases across various sectors. From autonomous inventory drones to smart medical robotics and AI-powered infrastructure, these innovations highlight the transformative potential of AI when combined with reliable, high-speed connectivity. As enterprise awareness deepens and deployment scales, Malaysia is poised to unlock significant value from AI and 5G technologies—paving the way for smarter, safer, and more efficient industries. —June 11, 2025 Main image: Reinersct
Daily Express
an hour ago
- Daily Express
Unemployment rate hits 10-year low at 3% in April
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 By: FMT Reporters Text Size: Chief statistician Uzir Mahidin said the labour force is expected to remain optimistic and expand in the coming months, bolstered by strong economic policies and stable domestic demand. (Bernama pic) PETALING JAYA: Malaysia's unemployment rate dropped from 3.1% in March to 3% in April, the lowest in 10 years, according to a report released by the statistics department today. Chief statistician Uzir Mahidin said the number of unemployed people decreased by 0.7% to 525,900 in April 2025, compared with 529,600 in March. Advertisement 'A promising national economic position has contributed to stable progress in Malaysia's labour force, with an increase in the number of employed people and higher labour force participation rates, while unemployment continues to decrease,' Bernama reported him as saying. Uzir said labour force numbers continued their upward trend in April, increasing by 0.2% to 17.34 million people compared with 17.31 million in March. 'Consequently, the labour force participation rate rose by 0.1 percentage points to 70.8% compared with 70.7% in March,' he said. In terms of the economic sector, Uzir said the services sector remains a key driver of employment growth, particularly in wholesale and retail trade, accommodation, food and beverage services, as well as transport and storage activities. He said positive trends were also recorded across the manufacturing, construction, agriculture and mining and quarrying sectors. Uzir said the unemployment rate for youths aged 15 to 24 years remained unchanged at 10.3% in April 2025, with 298.3 thousand unemployed youths. He said the number of people outside the labour force rose to 7.17 million in April compared with 7.16 million the previous month, mainly due to housework and family responsibilities, which accounted for 43.7%, followed by schooling and training reasons at 41.1%. He said the country's labour force was expected to remain optimistic and expand in the coming months, bolstered by strong economic policies and stable domestic demand. 'Despite global geopolitical tensions, Malaysia's labour force is expected to remain resilient due to stable unemployment, the growing services sector, and technology, as well as an increasing investment in digitalisation and automation,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * 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
The Sun
2 hours ago
- The Sun
Mainstream media remains vital for tourism promotion, say industry leaders
KUANTAN: Mainstream media continues to play a pivotal role in promoting Malaysia's tourism sector by effectively reaching diverse audience demographics, according to Malaysian Association of Tour and Travel Agents (MATTA) president Nigel Wong. He noted that while digital platforms and social media have become dominant tools in tourism marketing, the role of traditional media including television, radio and print should not be underestimated, particularly in engaging older demographics and the business sector. 'Social media and mainstream media cater to different audiences, making them complementary when promoting various aspects of tourism to distinct demographic groups,' he told Bernama. Wong emphasised mainstream media's role as a foundational pillar for long-term tourism success, particularly in highlighting initiatives, programmes and products. Echoing Wong's views, Malaysian Association of Hotels Pahang Chapter chairman Charles B Peter said mainstream media remained relevant due to its engaging content, credible information and adherence to journalistic standards. 'We know that social media is very active nowadays, but mainstream media retains the unique advantage of providing accurate, accountable information. 'I believe that before airing any programme, mainstream media undergo proper editing, and the quality of its presentation remains more engaging compared to social media,' he said. Charles pointed out that the media's tourism role extends beyond destination promotion, serving as a platform to address industry concerns including infrastructure development, safety improvements and accessibility to national landmarks. Meanwhile, he called for enhanced collaboration between media agencies, local authorities (PBT) and tourism associations to showcase hidden-gem destinations while preserving their cultural heritage. 'I propose coordinated media familiarisation trips with tourism associations to identify and develop potential attractions,' he said, suggesting that this approach would better highlight regional history and local culture. Recognising the media's role and contributions to the nation's development, National Journalists' Day (HAWANA) is celebrated annually on May 29, and this year, the main event for the celebration will take place on June 14 at the Kuala Lumpur World Trade Centre (WTC KL) and will be opened by Prime Minister Datuk Seri Anwar Ibrahim. Themed 'Journalism in the New Era: Embracing AI, Safeguarding Ethics', more than 1,000 media practitioners, locals and from abroad, are expected to attend the event organised by the Communications Ministry with the Malaysian National News Agency (Bernama) as the implementing agency.
