YCH Group's RM500mil logistics hub at SD Property's Bukit Raja township breaks ground
KUALA LUMPUR: Singapore-based YCH Group held a groundbreaking of its largest supply chain facility in Malaysia in Bandar Bukit Raja, Selangor today.
Located at Sime Darby Property Bhd's Bukit Raja township, the RM500 million project reflects YCH's long-term commitment to Malaysia's regional supply chain development and a significant step in realising the country's vision as a leading logistics and trade hub in Asean.
As part of YCH Group's SGConnect initiative, the project is poised to serve as a key enabler of regional connectivity, supporting smoother trade flows and future-ready logistics infrastructure.
Investment, Trade and Industry Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz hopes YCH's investment would be more inclusive by enabling SME exporters to also access the global market.
"When trade flows seamlessly, investors see greater opportunities, fuelling further growth and innovation.
"This is what will support our New Industrial Master Plan's goals to increase our competitiveness and position Malaysia a key manufacturing and services hub for Asean and beyond," he said.
Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said YCH, as the first recipient of MIDA's Smart Logistics Complex incentive, sets a powerful precedent for the nation's integrated smart logistics future.
"This achievement reflects our commitment to attracting high-impact investments and strengthening Malaysia's supply chain ecosystem through innovation and automation.
"The incentive aligns perfectly with thei Kuala Lumpur Declaration: Asean, supporting our vision of a digitally advanced, economically resilient Asean region," he added.
YCH executive chairman Dr Robert Yap said the project is a major step forward in setting new standards of logistics excellence, supporting Malaysia's growth as a world-class supply chain leader.
"Our investment in Fusionaris and advanced technologies reflect our commitment to regional connectivity, efficient operations and sustainable practices.
"We are also dedicated to training local talent, empowering them with essential skills to support Malaysia's journey as a preferred destination for global businesses," he said.
The Supply Chain and Logistics Academy (Scala), an industry-level development academy, will be hosted at the hub.
It offers training programmes to equip local talent with the skills needed to thrive in tomorrow's logistics landscape, ultimately enabling Malaysia's workforce to remain competitive on the global stage.
This milestone highlights the successful collaboration between YCH and SD Property in bringing a world-class supply chain hub to life within one of Selangor's most strategically connected and mature townships.
Bandar Bukit Raja is a 2,158-hectare integrated township known for its sustainable design and thriving industrial ecosystem.
With close to 60 per cent of its landbank allocated for industrial use, its is home to Malaysia's first GreenRE Platinum-rated managed industrial park, a preferred destination for multinational corporations seeking ready infrastructure, connectivity and ESG-aligned developments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
21 minutes ago
- The Star
Google to spend $500 million revamping compliance in shareholder settlement
FILE PHOTO: Miniature figures of people are seen in front of the new Google logo in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet, including Chief Executive Sundar Pichai and Google co-founders Sergey Brin and Larry Page, was filed late Friday. It requires approval by U.S. District Judge Rita Lin in San Francisco. The changes include creating a standalone board committee to oversee risk and compliance, previously the responsibility of the Alphabet board's audit and compliance committee. Alphabet would also create a senior vice president-level committee to address regulatory and compliance issues, reporting to Pichai, and a compliance committee consisting of Google product team managers and internal compliance experts. Shareholders led by two Michigan pension funds accused Google executives and directors of breaching their fiduciary duties by exposing the company to antitrust liability related to its search, Ad Tech, Android and app distribution businesses. "These reforms, rarely achieved in shareholder derivative actions, constitute a comprehensive overhaul of Alphabet's compliance function," resulting in "deeply rooted culture change," the shareholders' lawyers said. The changes must remain in place at least four years. Shareholders would not be paid. Google denied wrongdoing in agreeing to settle. The Mountain View, California-based company did not immediately respond to requests for comment on Monday. The accord was disclosed the same day U.S. District Judge Amit Mehta in Washington, who last August found Google violated federal antitrust law to maintain dominance in search, completed a hearing to consider how to address the monopoly. Mehta plans to rule by August. The U.S. Department of Justice has proposed requiring Google to sell its Chrome browser and share search data with rivals. A derivative lawsuit is where shareholders sue officials on behalf of a company. The shareholders' lawyers plan to seek up to $80 million for legal fees and expenses, on top of the $500 million. They did not immediately respond to requests for comment. The case is In re: Alphabet Inc Shareholder Derivative Litigation, U.S. District Court, Northern District of California, No. 21-09388. (Reporting by Jonathan Stempel in New York, Editing by Franklin Paul)
The Star
2 hours ago
- The Star
TPG Angelo Gordon among new bidders in auction for Citgo assets
New York: Investment fund TPG Angelo Gordon is among the new bidders for Citgo Petroleum Corp's parent company as part of a court-supervised auction designed to compensate creditors of Venezuela whose assets were seized, according to people familiar with the matter. New York-based TPG Angelo Gordon has launched a so-called 'topping bid' for the shares of Citgo's US-based parent PVD Holding, according to the people, who asked not to be identified because they weren't authorised to speak publicly about the bid. TPG Angelo Gordon declined to comment last Friday. TPG agreed to acquire Angelo Gordon in May 2023 in a cash-and-stock deal valued at US$2.7bil. The bid is aimed at bettering a US$3.7bil offer by Red Tree Investments LLC for control of the refiner, which is Venezuela's largest foreign asset. Seeking more offers Red Tree's offer came after US Judge Leonard Stark in Wilmington, Delaware, shot down an earlier US$5.3bil lead bid by an affiliate of Elliott Investment Management because of flaws with the proposal. Robert Pincus – a lawyer tapped by Stark to oversee the auction – said in court filings he supported pushing back the deadline for topping offers like TPG Angelo Gordon's by 21 days in hopes it will lead to a 'more robust bidding process'. Stark granted the extension last Friday. Stark and Pincus are aiming to generate more money from the nearly year-long auction in hopes of satisfying more creditors' claims against Venezuela over the seizures initiated by late strongman Hugo Chavez. Collectively the creditors are owed more than US$20bil by the Venezuelan government and its state-owned oil company, Petroleos de Venezuela SA, or PDVSA, which controls Citgo. Those creditors include Crystallex International Corp, Exxon Mobil Corp, ConocoPhillips Co and Siemens AG. Lost assets The companies lost gold and oil assets in the seizures and obtained international arbitration awards against the country. Investment manager Oaktree Capital Management LP is providing financing for multiple bidders, according to a person familiar with the matter who is not authorised to speak publicly. Oaktree's involvement hasn't been previously reported. The firm has more than US$200bil in assets under management and has experience in distressed debt and special situations. 'The court wants the best offer, even if that bidder is late to the game,' said Jason Keene, a strategist at Barclays who follows the auction process. Bidders are interested in the refineries Citgo runs in the United States as well as its pipelines, terminals and fuel-distribution channels. The battle goes back to the fallout from Chávez's decision to nationalise different industries as part of his socialist agenda. Chávez died in 2013 and was succeeded by Nicolás Maduro. In 2019, the US government gave the reins of the refinery to the opposition-led National Assembly, then presided by Juan Guaido, whom the United States and other governments formerly recognised as the country's legitimate leader as opposed to Maduro. A Florida congresswoman has asked US Secretary of State Marco Rubio to halt the Citgo auction to preserve the political opposition's control of the asset. Maria Elvira Salazar, a Republican who represents part of Miami, asked Rubio to stop any sale. 'Citgo needs to remain in hands of the opposition in order to be able to reconstruct Venezuela after the regime falls,' she wrote in a May 29 letter to Rubio. — Bloomberg
The Sun
3 hours ago
- The Sun
YCH Group makes RM500m logistics investment
KLANG: Singapore's YCH Group has broken ground on its RM500 million Supply Chain City Malaysia (SCC MY) in Bandar Bukit Raja, Selangor – its largest investment in Malaysia to date. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the RM500 million logistics investment by Singapore's YCH Group is a move to strengthen the country's role as a key manufacturing and services hub in Asean. 'As the lifeblood of global commerce, good logistics is key to ensuring the smooth and cost-efficient movement of goods and services. As such, we are pleased to welcome YCH Group's RM500-million investment in this sector in Malaysia,' he said in a statement. Tengku Zafrul urged the group to be more inclusive by enabling SME exporters to also access the global market. 'When trade flows seamlessly, investors see greater opportunities, fuelling further growth and innovation. This is what will support our New Industrial Master Plan's goals to increase our competitiveness and position Malaysia a key manufacturing and services hub for Asean and beyond,' he added. According to the group, this project represents their long-term commitment to Malaysia's regional supply chain development and a significant step in realising the country's vision as a leading logistics and trade hub in Asean. SCC MY is poised to serve as a key enabler of regional connectivity, supporting smoother trade flows and future-ready logistics infrastructure, it added. Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said as the first recipient of Mida's Smart Logistics Complex incentive, YCH Group sets a powerful precedent for Malaysia's integrated smart logistics future. 'This achievement reflects our commitment to attracting high-impact investments and strengthening Malaysia's supply chain ecosystem through innovation and automation. 'The SLC incentive aligns perfectly with the Deklarasi Kuala Lumpur: Asean 2045, supporting our vision of a digitally advanced, economically resilient Asean region.' YCH Group executive chairman Dr Robert Yap said Supply Chain City Malaysia is a major step forward in setting new standards of logistics excellence, supporting Malaysia's growth as a world-class supply chain leader. 'Our investment in FUSIONARIS and advanced technologies reflect our commitment to regional connectivity, efficient operations, and sustainable practices. We are also dedicated to training local talent, empowering them with essential skills to support Malaysia's journey as a preferred destination for global businesses.' The Supply Chain and Logistics Academy, an industry-level development academy, will be hosted at SCC MY. It offers training programmes to equip local talent with the skills needed to thrive in tomorrow's logistics landscape, ultimately enabling Malaysia's workforce to remain competitive on the global stage. Sime Darby Property Group managing director & CEO Datuk Seri Azmir Merican said welcoming a global logistics leader like YCH Group to Bandar Bukit Raja reflects the confidence placed in Malaysia's industrial developments as well as the ability to deliver integrated, future-ready townships. 'As Malaysia continues to carry out its role as chair of Asean in 2025, this project is a timely example of cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth, while also strengthening trade linkages, supporting innovation, and contributing meaningfully to broader regional priorities.' Bandar Bukit Raja, a 5,333-acre integrated township developed by Sime Darby Property Bhd, is known for its sustainable design and thriving industrial ecosystem. With close to 60% of its landbank allocated for industrial use, BBR is home to Malaysia's first GreenRE Platinum-rated managed industrial park.
