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Business Upturn
6 days ago
- Business
- Business Upturn
JinGangShan Association Unveils SGD $43 Billion Sanctuaries in Indonesia and Malaysia, Forging a New Paradigm in Heritage and Asset Protection
By GlobeNewswire Published on August 9, 2025, 01:35 IST Singapore, Singapore, Aug. 08, 2025 (GLOBE NEWSWIRE) — The JinGangShan Asia-Pacific General Association today announced the official launch of two landmark initiatives valued at a combined SGD $43 billion, with strategic developments on Bintan Island, Indonesia, and Penang Island, Malaysia. These flagship projects—the ultra-secure Bintan Citadel and the bi-national Life Memorial Services Park—mark a significant milestone in the Association's mission to create the world's foremost sanctuary for safeguarding human cultural heritage and wealth for generations to come. JinGangShan Asia-Pacific General Association JinGangShan Asia-Pacific General Association (Note 1) 1. Executive Summary JinGangShan Asia-Pacific General Association has dedicated its efforts to creating a globally prominent underground shelter system on Bintan Island, Indonesia. Our landmark 800-hectare camel-shaped plot is a meticulously planned development, distinguished by its seamless integration of a Free Trade Zone (FTZ)—unaffected by global unrest—a robust tunnel security system, and an international convention and exhibition center. With a project portfolio estimated at a total membership value of SGD $43 billion, our grand vision is realized through two core pillars: The Life Memorial Services Park (Note 2) (SGD $3 Billion): A world-class spiritual and cultural sanctuary dedicated to the perpetual inheritance of life and cultural heritage. Its core, the Grand Sarira Museum, will cover approximately 2,700 acres of hinterland is set to challenge the world record as the largest of its kind. The Bintan Citadel (SGD $40 Billion): An ultra-secure, comprehensive complex featuring a state-of-the-art underground fortress for personal and asset protection, an offshore financial Free Trade Zone (Note 3), and prestigious surface-level 'Second Home' living facilities. We are not merely developing real estate, but rather guarding human cultural heritage and wealth by forging an eternal subterranean sanctuary. 2. Project Location Our headquarters and development project are strategically located on Bintan Island, Indonesia, in close proximity to Singapore. (Note 4) Address: Galang Batang, Bintan Regency, Riau Islands Province, Indonesia Galang Batang, Bintan Regency, Riau Islands Province, Indonesia Coordinates: 0°55′13.3′′ N, 104°37′42.2′′ E 3. Vision To create the world's foremost sanctuary for humanity, heritage, and assets—a new paradigm of security and protection from unrest, that is self-sustaining and can endure for generations. 4. Mission We adhere to four fundamental commitments to achieve our vision: Integrate timeless spiritual wisdom with cutting-edge technology and world-class infrastructure. timeless spiritual wisdom with cutting-edge technology and world-class infrastructure. Deliver uncompromising security standards, safeguarding personal safety and assets through our series of high-tech underground facilities. uncompromising security standards, safeguarding personal safety and assets through our series of high-tech underground facilities. Construct a vibrant international hub for business, culture, and distinguished living, empowered by the prestigious Indonesian 'Second Home' visa program and Indonesia's mini 38 provinces exhibition center (Note 5) to attract external investment and financing. Adhere to the highest principles of sustainable development, setting a standard for peace amidst global unrest through various collaborations with global enterprises and royal families. 5. Core Values Heritage: We are faithful guardians of personal and spiritual legacies, ensuring their preservation and reverence. We are faithful guardians of personal and spiritual legacies, ensuring their preservation and reverence. Security: We provide sustainable security. Our commitment to member safety, asset protection, and complete confidentiality is an unshakable cornerstone. We provide sustainable security. Our commitment to member safety, asset protection, and complete confidentiality is an unshakable cornerstone. Excellence: We demonstrate unparalleled excellence through world-class partnerships and innovations in high-tech fields. We demonstrate unparalleled excellence through world-class partnerships and innovations in high-tech fields. Harmony: We seek a harmonious balance between the buildings and natural environment, allowing all who are destined to find it a spiritual haven of physical and mental tranquility. We seek a harmonious balance between the buildings and natural environment, allowing all who are destined to find it a spiritual haven of physical and mental tranquility. Integrity & Responsibility: We operate with unwavering integrity, adhering to global ESG principles and the highest standards of responsible development. 6. Core Projects & Developments Our vision is manifested through two unique and complementary landmark developments: A. The Life Memorial Services Park – A Legacy for Eternity Project Value: SGD$3 Billion This memorial park is the spiritual soul of our development, offering a serene environment for remembrance, cultivation, and cultural immersion. The Grand Sarira Museum: Accessed via a stupa-lined corridor, this magnificent Sarira museum's hinterland occupies 2,700 acres, challenging the record as the world's largest. It's a grand, bell-shaped structure that houses Sariras from various Arhats. Accessed via a stupa-lined corridor, this magnificent Sarira museum's hinterland occupies 2,700 acres, challenging the record as the world's largest. It's a grand, bell-shaped structure that houses Sariras from various Arhats. Life Memorial Services Park: An elegant and solemn final resting place, designed with the tranquil landscapes of Chinese gardens. B. The Bintan Citadel – A Fortress for the Future Project Membership Value: Approx. SGD$40 Billion This is the ideal sanctuary for members of the international community seeking ultimate protection and an alternative lifestyle in a turbulent world. Underground Fortress and Private Vaults: An underground shelter designed to the highest specifications. It is fortified with materials such as reinforced concrete, thick steel plates, and high-density lead to withstand external threats. Inside the fortress, members have access to private offices, meeting rooms, and highly secure vaults, all protected by multi-layered biometric and AI-driven surveillance systems. An underground shelter designed to the highest specifications. It is fortified with materials such as reinforced concrete, thick steel plates, and high-density lead to withstand external threats. Inside the fortress, members have access to private offices, meeting rooms, and highly secure vaults, all protected by multi-layered biometric and AI-driven surveillance systems. A Second Home Above Ground: A multi-functional living and ecological space above ground that complements the underground security facilities. Its features include: Prestigious Residences: SOHO-style serviced apartments (approx. 300 sq. meters). SOHO-style serviced apartments (approx. 300 sq. meters). Indonesian 'Second Home' Visa: A core benefit for members and one of their immediate family members, providing a key pathway to long-term residency. A core benefit for members and one of their immediate family members, providing a key pathway to long-term residency. Bintan Convention and Exhibition Center: A miniature Indonesian exhibition center to showcase resources and products from across the nation to the world. A miniature Indonesian exhibition center to showcase resources and products from across the nation to the world. Integrated Lifestyle Amenities: A complete ecosystem including a shopping mall, cinema, parks, and recreational facilities. 7. Foundational Strengths Superior Geographical Location: Our project is situated in a region with proven geological stability, historically free from the threat of major natural disasters. Global Strategic Access: Located at the crossroads of international maritime shipping routes in the trade route of the Straits of Malacca, it possesses outstanding geopolitical and logistical advantages. Top-Tier Partners: Our NCP project is executed in collaboration with global leaders, including AECOM and the environmental innovation enterprise Napital, ensuring world-class excellence and a foundation of ESG integrity. (Note 6) Notes: 1. JinGangShan Asia-Pacific General Association: – Organization Chart – Main License – Indonesia License – Singapore License – Malaysia License – Myanmar License 2. Life Memorial Services Park License 3. Zoning Map for Our Free Trade Zone 4. Bintan Island Headquarters License 5. APGA's IBA and Indonesia Investment Coordinating Board (BKPM) Signed MOU for 38 Provinces Exhibition Center 6. Our NCP Project Agreement with AECOM & Napital For more information on our associated licenses/permits and organization chart: click here . Press inquiries JinGangShan Asia-Pacific General Association Yu Wen Sherry Pai [email protected] (886) 919503811 0°55′ Galang Batang, Bintan Regency, Riau Islands Province, Indonesia Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
The Sun
23-06-2025
- Business
- The Sun
Rhenus Expands Investment in Southeast Asia with the Addition of New Air Freight Gateway in Singapore
SINGAPORE - Media OutReach Newswire - 23 June 2025 - Leading global logistics service provider the Rhenus Group announced its latest investment in the Southeast Asian market with the opening of a new airport gateway in Singapore, one of the region's most significant trade hubs. The new facility, located at Changi Airport, offers a full range of cargo-handling services to support multi-modal shipments globally, including strong trans-pacific linkages from Asia onward to US & LATAM markets and cross-border connection with the Intra-Asia markets with immediate proximity to seaport as well. With close to 500 sqm of warehousing space currently and plans to grow based on demand, the facility offers full door-to-door service with a fleet, in-house customs, a consolidation service for import and export handling, for guaranteed capacity and schedule reliability. Some of the key highlights of the new facility are: --> Guaranteed capacity with allotments and schedule reliability --> Accessibility for 45 feet container unloading on ground floor --> Free Trade Zone warehouse storage facility --> Additional services including palletizing, re-label/packing and sorting 'Our new Singapore gateway reinforces our long-term vision to grow our presence in Southeast Asia, by offering a smarter, scalable platform that integrates seamlessly into our global air freight network. Coupled with our Intra-Asia experience, this move will enable us to respond faster to evolving customer needs, while unlocking greater value through service flexibility, enhanced transit options and synergies with other regional hubs,' said Serdar Onur, Head of Air Freight, Southeast Asia and Oceania, Rhenus Air & Ocean. 'The inclusion of the new gateway in Singapore signifies Rhenus' commitment to our customers in Singapore, as well as Southeast Asia. The Singapore gateway will complement our existing network in Malaysia, to bring the best of our comprehensive logistics solutions to support varied industries' evolving needs and navigate trade shifts with speed and resilience,' said Dominique De Smet, Managing Director of Rhenus Singapore and Malaysia, Air & Ocean. Rhenus had also further extended its investment in Malaysia, its existing gateway in Kuala Lumpur focuses on serving West bound shipments from Europe to Oceania. A new 180 feet barge service and a private jetty at Lukut, Negeri Sembilan were also recently added, to enhance cargo shipping reliability and speed between Peninsular and East Malaysia. The jetty, a customs-approved facility, will offer seamless loading and unloading of cargo, and ensure faster clearance and smoother operations. New facility details are as follows: Rhenus Logistics Pte Ltd – Changi Office #01-04 Cargo Agent Building D 9 Airlines Road Singapore 819827
The Sun
03-06-2025
- Business
- The Sun
Negeri Sembilan attracts biotechnology investors from China
PETALING JAYA: Negeri Sembilan remains a preferred destination for foreign investors in the biotechnology sector, with several companies from China expressing interest in investing in the state. Menteri Besar Datuk Seri Aminuddin Harun said that several Chinese biotechnology entrepreneurs and investors showed interest in investing in the state during a recent visit by the state government to China. He highlighted that several biotechnology investors and entrepreneurs have expressed a desire to relocate their operations to Negeri Sembilan and have requested that the state government allocate a dedicated area for this purpose. 'Discussions are ongoing between the state government and the interested companies and investors. We have identified a suitable site in Bandar Ensterk for developing this biotechnology segment. 'In collaboration with the Pilgrims Fund Board or Lembaga Tabung Haji, Negeri Sembilan will provide an area of approximately 161.88 hectares (ha) to host the project,' he told reporters after delivering his speech at the MIDF Lunch Talk, Negeri Sembilan: The Next Smart Frontier. Aminuddin added that once an agreement is reached with the investors, construction work will commence as soon as possible and is expected to take place this year. Meanwhile, he said that the state government's plan to develop an artificial intelligence (AI) powered smart container port as a Free Trade Zone (FTZ) at Pasir Panjang, Port Dickson, will proceed once the land acquisition process is completed. In his speech, Aminuddin also mentioned that Negeri Sembilan is home to more than 500 foreign and local manufacturing companies, mostly concentrated in the Seremban district, specifically in Nilai, Senawang, Sendayan, and Enstek. He noted that among the multinational companies established in the state are Samsung SDI Energy Malaysia Sdn Bhd, Coca‑Cola Bottlers (Malaysia) Sdn Bhd, Dutch Lady Milk Industries Bhd, Ajinomoto (Malaysia) Bhd, and others. 'Besides contributing to the state's gross domestic product, the presence of these companies creates more quality job opportunities, strengthens the value chain, and generally boosts the state's economy. 'Furthermore, the presence of these multinational companies enhances the state's image, increasing the confidence of prospective investors from both within and outside the country,' he said. In this regard, the menteri besar stated that in 2024, Negeri Sembilan recorded approved investments amounting to RM7.25 billion, which is expected to create more than 4,600 job opportunities in the state. Aminuddin added that over the past five years (2019–2024), the top five countries contributing to foreign investment in Negeri Sembilan were South Korea with RM7.49 billion, followed by Sweden with RM5.06 billion, the Netherlands with RM2.38 billion, Singapore with RM2.38 billion, and Japan with RM1.66 billion.
South China Morning Post
30-05-2025
- Business
- South China Morning Post
Sri Lanka workers in limbo after UK garment factory abruptly shuts
On a Monday morning that began like any other, Nandani*, a machine operator at the Next Manufacturing factory in Sri Lanka's Katunayake Free Trade Zone, was unexpectedly asked to go home early. Later that day, the news came – not in a meeting or an official letter, but via WhatsApp. Advertisement The factory was shutting down. Permanently. 'I am 49 years old. My livelihood suddenly ended. I don't know what to do,' said Nandani, who had worked for 19 years at the Next factory. Like Nandani, more than 1,400 of roughly 2,800 workers were blindsided by the abrupt closure of Next Manufacturing, a subsidiary of the British retail giant Next. The company blamed 'increasingly high operating costs' in a media release dated May 19. Next Manufacturing's parent company had reported more than £1 billion (US$1.35 billion) in pre-tax profits in the last financial year. Advertisement Labour rights advocates say Next Manufacturing's closure has violated Sri Lankan law and risks undermining the country's fragile economic recovery, as global firms rethink their footprint in post-crisis economies.
The Sun
28-05-2025
- Business
- The Sun
Sarawak plans free trade zone using Jebel Ali model
KUCHING: Sarawak has strong potential to become a regional trade hub through a more intensive implementation of the Free Trade Zone (FTZ) model, said Deputy Premier Datuk Amar Douglas Uggah Embas. Uggah who is also Minister for Infrastructure and Port Development said Sarawak can draw lessons from the success of Jebel Ali in the United Arab Emirates, where the integration of a modern port with a FTZ attracted over 11,000 companies worldwide and now contributes to 36 per cent of Dubai's GDP. He said that in a bid to emulate this success, the Sarawak government is now rolling out the Sarawak Ports Master Plan, a visionary initiative that seeks to transform the state's ports into engines of economic growth, making Sarawak the gateway to Borneo, the wider region and the global market. 'The plan aims to establish a modern, efficient and integrated port system that is internationally competitive and fully aligned with the state's Post COVID-19 Development Strategy (PCDS) 2030. 'The transformation will be driven by four key pillars: Streamlining governance; Modernising and developing port and FTZ infrastructure; Driving economic diversification; and Enhancing regional and global connectivity,' he said during the winding-up session for his ministry at the Sarawak State Legislative Assembly (DUN) sitting here today. Uggah said the Sarawak Ports Master Plan marks a historic first transformative initiative that positions Sarawak as a key player in global trade and logistics. 'More than just a development blueprint, it is a game changer for Sarawak's economic trajectory, laying the foundation for sustainable growth that goes beyond reliance on natural resources. 'By strengthening our port infrastructure and connectivity, we are creating new opportunities for businesses, empowering local industries, and opening Sarawak to the world,' he added.
