Latest news with #MCKIP
The Star
5 days ago
- Business
- The Star
IJM Corp confident of delivering satisfactory operational performance
IJM Corp group chief executive officer and managing director Datuk Lee Chun Fai. PETALING JAYA: IJM Corp Bhd is confident it can deliver satisfactory operational performance for the financial year ending March 31, 2026 (FY26). In a statement, group chief executive officer and managing director Datuk Lee Chun Fai said the group's RM7.6bil outstanding order book will be complemented by a further RM3.5bil from its 50% acquisition of JRL Group post the financial year-end, strengthening its construction capabilities and expanding our presence in the UK. 'Looking ahead, IJM is well-positioned to benefit from national growth priorities such as infrastructure investment, the development of special economic zones in Johor and the rising demand for digital infrastructure.' For the fourth quarter ended March 31, 2025 (4Q25), IJM Corp's net profit dipped to RM128.95mil from RM305.52mil in the previous corresponding period, while revenue rose to RM1.79bil from RM1.76bil a year earlier. For FY25, IJM Corp's net profit dropped to RM403.38mil from RM600.28mil in the previous corresponding period, while revenue grew to RM6.25bil from RM5.92bil previously. IJM Corp said the construction division remained the key revenue contributor, supported by a higher level of construction activity, while the industry division continued to benefit from a strong order book and the ongoing rollout of data centres and infrastructure projects. 'The group's improving outlook is further supported by resilient property sales in FY25, sustained unbilled sales, and steadfast efforts to grow its business, backed by strategic locations of its developments and the strength of its established brand. The property division recorded RM1.5bil in sales for FY25, supported by unbilled sales of approximately RM1.5bil. Lee said the group is also positioning its overseas property portfolio as a key engine for growth. 'The redevelopment of 25 Finsbury Circus presents a rare opportunity to transform a historic landmark into a modern, high-performance workspace. 'The building is undergoing a sustainability-led refurbishment that will increase its total footprint by 26%. Securing a 20-year lease with an international law firm enhances our recurring income profile and affirms the long-term potential of our UK property strategy.' Additionally, IJM Corp said that Kuantan Port recorded lower cargo throughput in FY25, achieving 24.3 million tonnes. 'However, long-term growth prospects for the port remain strong, underpinned by new foreign direct investments at the Malaysia-China Kuantan Industrial Park (MCKIP). 'The Government's continued infrastructure investment in the region, particularly via the East Coast Rail Link, reinforces Kuantan Port's role as a strategic logistics and trade hub for the East Coast. As the port operator and infrastructure enabler, IJM Corp said it is well-positioned to benefit from the growing industrial activity and cargo throughput driven by MCKIP. Commenting on the group's FY25 performance, Lee said: "Despite external headwinds, our results underscore the group's operational resilience and progress on key strategic fronts.' 'We remain focused on execution, strengthening fundamentals, and driving long-term growth across all business divisions.'
Barnama
22-04-2025
- Business
- Barnama
Cooperation With China Continue To Drive Malaysia's Tech Ambitions: Experts
Prime Minister Datuk Seri Anwar Ibrahim (right) shakes hands with Chinese President Xi Jinping during the memorandum of understanding (MoU) signing ceremony in conjunction with the Chinese President's State Visit to Malaysia at Seri Perdana Complex. --fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, April 22 (Bernama-Xinhua) -- Malaysia's close relationship and cooperation with China have greatly benefited the country's aspirations, not only in adopting new technologies but also in driving its industrialisation forward. "Malaysia has greatly benefited from its free and open trade policy, which stresses the importance of neutrality and avoiding bloc confrontation. Meanwhile, China has chosen friendly cooperation and engagement, building goodwill and expanding the international consumer base," Julia Roknifard, a senior lecturer at Taylor's University, told Xinhua. She explained that Malaysia is unlikely to change its policy even with greater pressure, as seen in the US Framework for Artificial Intelligence Diffusion, placing the country on Tier 2 of its chips export policy, which imposes significant restrictions with tight country-specific limits on chip imports. bootstrap slideshow "Malaysia's policymakers have shown nimbleness in navigating this highly charged environment," she said, emphasising that trade restrictions will only push it towards greater integration with China, considering the Malaysian government has made significant efforts to position the country as a regional data centre and high-tech manufacturing hub. China is investing heavily in Malaysia's high-tech sector, particularly in areas like manufacturing, infrastructure, renewable energy, and digital technology, with the country being seen as a strategic location for diversifying supply chains. Given its central location within ASEAN and its position along vital trade routes through the Malacca Strait, Malaysia is seen as a strategic hub for diversifying supply chains. Experts also suggest that Malaysia has consistently presented itself as a business-friendly environment, bolstered by political stability. The country has also demonstrated strong enthusiasm for Chinese investments and business collaborations. "By combining their strengths and focusing on mutual growth, Malaysia and China can advance their high-tech industries despite any political changes and challenges," said political observer Eugene Pek Chuen Khee. The long-term success of these initiatives is evident in the Malaysia-China Kuantan Industrial Park (MCKIP), a joint venture between the two countries established in 2013. The MCKIP serves as a model for the "Two Countries, Twin Parks" programme, focusing on high-end and high-tech industries, including digital and green technologies.
