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Malay Mail
10-08-2025
- General
- Malay Mail
National Day fever heats up across Malaysia with Jalur Gemilang decorating every corner
KUALA LUMPUR, Aug 10 — August is a month that oozes with the spirit of patriotism, where citizens are encouraged to decorate their homes, offices, and vehicles with the Jalur Gemilang (the Malaysian flag) as a sign of love for the country. With 21 days left until the National Day 2025 celebration, people across the country have already started flying the Jalur Gemilang, the national symbol. A Bernama survey in Kampung Baru, located in the heart of the capital, and at Perumahan Awam Sri Perak, Sentul, found that residents have installed the Jalur Gemilang at their homes to join in the National Month celebration. Moving on to Dataran Merdeka, the atmosphere of the National Day celebration is already palpable, as the area is filled with Jalur Gemilang decorations and various patriotic-themed displays. IN MELAKA, the Jalur Gemilang has started to fly along main roads like Jalan Hang Tuah, Jalan Tun Sri Lanang, Jalan Bendahara, and Jalan Laksamana, thanks to initiatives from the local authorities. Several hotels, private hospitals, and tourist locations have also joined the effort to liven up the National Month celebration, while fewer flags were seen at most residential areas and business premises. The patriotic atmosphere is also increasingly being felt in Kuantan, PAHANG, where the Jalur Gemilang and the Pahang flag are proudly flying along main roads, at business premises, and on government administration buildings in anticipation of the National Month celebration. The Kuantan City Council has also launched the Jalur Gemilang and Pahang State Flag-Hoisting Program from July 25 to September 16 to encourage participation of residents. A retired government official, Sallehuddin Yaakob Rahman, 62, said he intends to install the Jalur Gemilang at his home, but his current flag is worn out. He plans to replace it before National Day on August 31. 'God willing, I will change it to a new one before Merdeka Day, so that we can all help to liven up the atmosphere,' he said. Retired soldier Mohd Mustafa, 64, proudly decorates his scooter with the Jalur Gemilang. — Bernama pic IN KEDAH, the patriotic 'war' of the Jalur Gemilang can also be felt as premises and residential homes in the areas around Kota Setar, Pendang, and Yan districts have begun installing flags. Tan Chin Eng, 62, from Yan, said he usually installs the flag every time the National Month arrives. 'I will try to install it before the celebration day. I've noticed that some premises and houses in this area have started putting up flags since August 1, but there are still many that haven't,' he said. Civil servant Nur Syahirah Azlan, 34, from Kota Setar said she had already installed three Jalur Gemilang flags in front of her house as a symbol of patriotism. 'Every year, my husband and I install the flags, and they stay flying until Malaysia Day. But what I see is that many people still don't fly flags. Maybe because it's not compulsory, they don't care much, but they should at least fly one flag as a sign of love for the country,' she said. Themed 'Malaysia Madani: A Compassionate Nation,' the National Day 2025 celebration on August 31 will be held at Dataran Putrajaya, while the Malaysia Day celebration will take place on September 16 in Penang. — Bernama
Malay Mail
18-05-2025
- Business
- Malay Mail
Kampung Baru 2.0 unveiled: Private equity firm to lead RM500b transformation of 121-hectare heartland
KUALA LUMPUR, May 18 — Private equity firm IDSK Equity Sdn Bhd today announced it has signed a Heads of Agreement (HOA) with Mas Kampong Bharu Holdings Berhad (Mas), paving the way for a RM500 billion redevelopment plan covering the historic Malay enclave of Kampung Baru and neighbouring Kampung Sungai Baru. The agreement grants IDSK exclusive rights to acquire and develop 13 million square feet of land in Kampung Baru, valued at RM2,500 per square foot, bringing the total land value to RM32.67 billion. The amount will be added to IDSK's Assets Under Management (AUM), which now exceeds RM32 billion. 'This is not just about building towers. It's about reclaiming the pride and legacy of Malay heritage land, while offering real economic inclusion to landowners and future generations,' said IDSK executive chairman Datuk Seri Azizul Tandek said in a press conference at Menara HLX here. As part of the deal, Kampung Baru landowners are being offered compensation of RM2,500 per square foot — the highest to date — which IDSK says reflects both the land's market value and its cultural significance. Landowners will also have the option to retain their names on the land titles while participating in the project's long-term income stream. The project, branded 'Kampung Baru 2.0: Islamic Heritage City', aims to balance modern development with cultural preservation. Mas, named after the Malay Agricultural Settlement established in 1899, will lead engagement with landowners, while IDSK will handle financial structuring and oversee project execution. Among the key highlights is the proposed construction of 'Twin Tower RM', a new twin-tower development envisioned as a national landmark to rival the Petronas Twin Towers. The 'RM' acronym stands for Ringgit Malaysia, Rakyat Malaysia, and Raja Melayu, symbolising economic strength, public inclusion, and royal heritage. 'This project is not just real estate investment. It is an investment into the country's future,' Azizul added. The Kampung Baru 2.0 masterplan will cover more than 300 acres of gazetted land under Act 733. The plan includes a structured resettlement programme, affordable housing, commercial zones, cultural institutions and infrastructure aligned with environmental, social and governance (ESG) principles. The first phase is expected to begin in 2027, with major construction works projected to start by 2030. IDSK has also extended invitations to local institutions including the Employees Provident Fund (EPF), Permodalan Nasional Berhad (PNB), and Khazanah Nasional Berhad, as well as international investors such as Emaar Properties of the United Arab Emirates and Gulf-based sovereign wealth funds to participate in the Kampung Baru 2.0 development. Azizul said a Memorandum of Understanding (MoU) for a US$50 billion investment has already been signed with the Dubai Royal Office. Azizul explained that IDSK Equity, as a private equity management corporation (PEMC), is directly controlled by strategic investors, unlike public listed companies (PLCs) and other developers owned by public shareholders. 'Being a PEMC, IDSK is not bound by stock exchange requirements such as annual general meetings and public reporting. 'This structure allows investment decisions to be executed swiftly without interference from external shareholders,' he said. Azizul also said that IDSK has informed the Securities Commission about the project. Mas honorary secretary, Shamsuri Suradi, said the development in Kampung Baru is 'well overdue'. 'We will begin by engaging with the landowners to build consensus, to understand how many wish to retain their name on their land or continue living there, and how many prefer to sell it outright. 'We see that Kampung Baru consists of third and fourth generation landowners. If we speak to them, most no longer want to hear about the government wanting to buy their land, they are tired of hearing about it and how to sell, so they are just waiting,' he said.
