Latest news with #ParadigmMall
New Straits Times
3 days ago
- Automotive
- New Straits Times
VEP centres see surge in Singapore motorists ahead of July 1 deadline
JOHOR BARU: Vehicle Entry Permit (VEP) vendors here are experiencing a surge in demand as Singaporean motorists rush to secure their RFID tags ahead of full enforcement on July 1. A check at a VEP service point in Danga Bay revealed that queues began forming yesterday evening, following Transport Minister Anthony Loke's announcement that Singapore-registered motorists face a RM300 fine from July 1 if they fail to register and activate their VEP before entering Malaysia. Singaporean motorist Samsullah Peer Mohamed said he was shocked to learn about the enforcement. "Since I happened to be in Johor Baru, I rushed here to check the status of my RFID VEP activation," he said, adding that unresolved application issues were causing added stress. Another Singaporean vehicle owner said he had emailed the Road Transport Department (RTD) multiple times regarding his RFID tag application but had yet to receive a reply. He decided to visit the centre directly to seek clarification. There are currently three active VEP centres for Singapore-registered vehicles, the main registration and inquiry hub at TCSens Centre in Danga Bay, as well as outlets at Paradigm Mall and Iskandar Puteri Mall near the Second Link. At these centres, foreign vehicle owners can install, collect, and activate their RFID tags. Previously, two RTD-run VEP centres in Taman Daya and at the RTD Academy in Larkin were closed in October last year due to poor response from Singaporean motorists. Following the latest enforcement announcement, VEP centres are expected to experience heavier traffic in the coming weeks, with Singapore's school holidays coinciding with the final stretch before the July 1 deadline. Under the new ruling, private vehicles from Singapore entering Malaysia without a valid VEP tag will be issued a RM300 compound, payable before exiting the country. The Transport Ministry had previously allowed a nine-month grace period starting from Oct 1 last year. Meanwhile, Johor RTD director Azmil Zainal Adnan said that no Singaporean vehicles would be turned away at the border to avoid congestion. However, offenders will be flagged and required to settle their fines before leaving the country.
Yahoo
25-05-2025
- Entertainment
- Yahoo
SG Kiztopia's space-themed bouncy castle wonderland lands in JB this June — early bird deals here!
Running out of ideas to keep the kids entertained on weekends or during the school holidays? Why not take a short trip across the Causeway to Johor Bahru for something truly out of this world? Kiztopia, Singapore's award-winning edutainment brand, is making its much-anticipated debut in town from 1 June to 6 Jul 2025 — and it's bringing a universe of fun along for the ride. Jumptopia: Space Warriors will transform the Paradigm Mall Convention Centre (PMCC) into an intergalactic inflatable wonderland. Spanning over 16K square feet, this cosmic adventure zone is designed to inspire young minds while offering families an unforgettable way to spend the time together. Admission is exclusively available on Klook, with tickets priced at RM40 for a 2-hour pass and RM60 for unlimited playtime. Families can save up to 34% with value bundles, while early birds can enjoy 15% off all ticket packages until 31 May. Most importantly, children under 3 can enter for free with an accompanying adult. This space-themed playground isn't just for little ones. Teens and even adults are welcome to bouncing, sliding, and laughing throughout the day. 7 massive inflatable castles (some reaching up to 6 metres tall) await, filled with towering slides, asteroid-laden obstacle courses, and imaginative challenges. In between galactic escapades, there are chill zones for families to take a break and recharge. Look forward to a vibrant lineup of attractions including Bell's Rocket, Honey's Cosmic Obstacle Run, Raby's Starbase Command, Drago's Meteor Strike, Honey's Zero-Gravity Training Base, Bell's Astro Blast, Tiger's Nebula Fortress, and Alien Bumper Battle Arena. So if you're looking to mix things up with a fun-filled family day trip, keep this stellar event on your radar. Head over to Kiztopia's website to grab your tickets early at a cheaper price. It's a cosmic experience bursting with colour, excitement, and memories that are sure to last light-years. 10 best video game stores in Singapore that are ahead of the game The post SG Kiztopia's space-themed bouncy castle wonderland lands in JB this June — early bird deals here! appeared first on
New Straits Times
16-05-2025
- Business
- New Straits Times
Main Market-bound Paradigm REIT aims to raise RM560mil from IPO next month
PETALING JAYA: Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO). Paradigm REIT said in a statement today that upon listing, 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 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. It noted that the IPO provides opportunities for investors and unitholders to invest in a real estate investment that offers stable income distribution and potential capital appreciation on investment in the units, and allows Paradigm REIT to gain access to capital markets to raise funds for future real estate acquisitions. Meanwhile, Paradigm REIT Management Sdn Bhd director of investment, finance and accounts Chong Kian Fah said he is confident that the REIT could achieve its estimated market capitalisation amid market turbulence, classifying the REIT as a defensive stock. He said Paradigm REIT's IPO differs from the usual IPO and is more akin to a fixed income-type investment, coupled with the REIT's performance. "Currently, there are a few benchmarks that you can use to gauge whether the assets are competitive. First is the occupancy – whereby the occupancy of a mall, on average, is close to 99 per cent. "The second is our net property income (NPI) margin. So, for last year, our NPI margin was close to 64 per cent. And we are aiming to achieve 26 per cent this year," he told a press conference after the prospectus launch ceremony here today. Currently, Paradigm owns Bukit Tinggi Shopping Centre, Paradigm Mall Petaling Jaya, and Paradigm Mall Johor Bahru – three assets valued at RM2.4 billion. Based on the retail price of RM1 per unit, the projected annualised distribution yield for 2025 exceeds seven per cent. The IPO comprises a total offering of up to 560 million offer units, of which 254.7 million units are allocated for the retail offering and at least 305.3 million units are offered to institutional investors. "The retail offering comprises approximately 32 million offer units for application by the Malaysian public, of which 16 million units are reserved for bumiputera investors, 27.8 million units for eligible persons, and up to 194.86 million units for entitled shareholders of WCT Holdings Bhd on the basis of one unit for every eight existing shares held as at 5 pm on the entitlement date. WCT Holdings retains 65 per cent ownership in Paradigm REIT indirectly through its main shareholder. "Meanwhile, the institutional offering consists of 200 million offer units reserved for bumiputera investors approved by the Ministry of Investment, Trade and Industry, and the remaining 105.3 million offer units for other institutional and selected investors," it said. Paradigm REIT Management chief executive officer Chua Kah Noi said four assets – namely Hyatt Place Johor Bahru Paradigm Mall, Le Meridien Petaling Jaya, Premier Hotel Klang, as well as Gateway@Kuala Lumpur International Airport (KLIA) Terminal 2 – will be injected into Paradigm REIT. "I think we are looking as early as 2026 to inject the hotels – the three hotels – and then maybe 2027 or 2028 for Gateway@KLIA2," she said.
