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Malay Mail
5 days ago
- Business
- Malay Mail
Stop chasing malls and luxury projects, MP tells GLCs, GLICs — invest in tech, green industry and affordable housing
KUALA LUMPUR, Aug 8 — The government has been urged to realign the roles of government-linked companies (GLCs) and government-linked investment companies (GLICs) to better reflect the country's development priorities. Lee Chean Chung (PH–Petaling Jaya) said many GLCs at federal and state levels appeared to be focusing more on investments in luxury property projects, commercial developments and highway ownership. 'The question is why entities such as Khazanah and Permodalan Nasional Berhad continue to prioritise such investments, when the country urgently needs capital injection in high-growth, high-value (HGHV) sectors such as semiconductors, electronics, chemical processing, artificial intelligence (AI), pharmaceuticals, machinery, automation and green technology. 'Our country has yet to attract large-scale investments in these sectors, even though they are critical to building a competitive and sustainable economy,' he said during the debate on the 13th Malaysia Plan (MP13) in the Dewan Rakyat yesterday. He added that these companies should be mandated to help accelerate development in export-oriented HGHV sectors, and play an active role in developing social housing in urban areas and building industrial parks to attract tech investments. Lee said streamlining the functions of GLCs would help avoid duplication and optimise the use of public resources. Meanwhile, Datuk Mas Ermieyati Samsudin (PN–Masjid Tanah) called on the government to promptly set a new date for the 2025 National Craft Day celebration, which was previously postponed. She noted that the event, introduced in 2003, had generated hundreds of millions of ringgit in revenue for craft entrepreneurs, particularly those in rural areas. 'Based on Tourism Malaysia's 2024 Departing Visitor Survey, nearly 40 million tourists or 37.4 percent of overall visitors engaged in shopping, including purchasing souvenirs and handicrafts,' she said. Mas Ermieyati also asked the government to consider reviving the Kuala Lumpur International Craft event to sustain the promotion of local handicrafts. On a separate matter, Howard Lee Chuan How (PH-Ipoh Timur) proposed that the government focus on the ageing nation ecosystem, highlighting its potential as a new economic driver, supported by the National Ageing Blueprint 2025–2045, which outlines a comprehensive long-term strategy. He said the elderly care economy could generate significant economic value, particularly through well-developed home care and community-based care services. Also raised was the issue of Pamela Ling's disappearance, with RSN Rayer (PH-Jelutong) urging the police to give the case serious attention, as she has been missing since April. He said the lack of updates on the case was troubling, especially as the incident occurred in Putrajaya, the seat of Malaysia's federal administration. 'Pamela Ling disappeared in broad daylight, and to date, there has been no news. This raises concerns about public safety. The people want answers on what happened to her,' he emphasised. Pamela Ling, 42, was last seen on April 9 while en route to the Malaysian Anti-Corruption Commission office via an e-hailing vehicle to provide a statement in an ongoing investigation. A police report was lodged at 3.02pm on the same day. The sitting resumes on Monday. — Bernama
![[Watch] 2,845 Steps To The Top: Inside Malaysia's Record-Breaking Tower Challenge](/_next/image?url=https%3A%2F%2Fwww.therakyatpost.com%2Fwp-content%2Fuploads%2F2025%2F07%2FUntitled31-3.jpg&w=3840&q=100)
![[Watch] 2,845 Steps To The Top: Inside Malaysia's Record-Breaking Tower Challenge](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Ftherakyatpost.com.png&w=48&q=75){kind=small}
Rakyat Post
30-07-2025
- Sport
- Rakyat Post
[Watch] 2,845 Steps To The Top: Inside Malaysia's Record-Breaking Tower Challenge
Subscribe to our FREE Get ready for the ultimate stair-climbing challenge! For the first time ever, the public will get access to the breathtaking view from the very top of Merdeka 118 – but there's a catch: you'll have to climb 2,845 steps to get there. What makes this special? 'You'll experience the best view in Kuala Lumpur, where few people in the world have ever been,' said Jeffrey Ross, General Manager of Fresh Events Asia, the organiser behind The Sky Race. Ready to make history: The Sky Race organising team, together with representatives from Permodalan Nasional Berhad (PNB) and Malaysia Towerrunning Association (MTA) pose with official event t-shirts beneath Merdeka 118, where 5,000 international climbers will soon tackle 2,845 steps for exclusive access to the world's tallest building's summit on 30 August. (Pix: Fernando Fong) The Sky Race marks the first time the world's tallest building will open its summit to tower runners. The numbers that matter: 5,000 participants from over 30 countries expected 2,845 steps to climb (but you get to take the lift down!) 60-90 minutes climbing time for most people 4,100 participants already registered RM159 for individual entry, RM499 for team of three How It Works Participants start every 10 seconds in a No need to worry about cutoff times – whether you're a speed demon or prefer a leisurely climb, there's space for everyone. You can join solo or form a team of three. Here's the relief – 'you don't have to climb back down, that's the good news,' the organiser confirms. Many participants have already emailed asking 'can we take the lift to go up?' – sorry, that's not how it works! But the lift ride down is included. Training Ground for Champions Ravinder Singh, president of MTA, calls it 'the biggest tower run in the world in 2025.' He predicts top international athletes will flock here. Anyone who wants to do well in the world championships will come here, so the top runners will be here for the Sky Race. With Malaysia given the first right to host the Towerrunning World Championships next year, this will be the perfect opportunity for top runners to try out Merdeka 118. For those looking to prepare for this epic challenge, MTA runs regular training sessions every Saturday from 5:30-7:00 PM at the 25-storey Menara MBPJ in Petaling Jaya. These sessions offer the perfect opportunity to build your stair climbing fitness in a supportive community environment, including Malaysia's own tower running star, Soh Wai Ching. The training promotes multiple benefits: Best cardio workout for reducing body fat and burning calories Lower risk of heart disease and stroke Build muscles in legs, core, and glutes Super-charge your fitness in just 20 minutes Local Hero's Home Advantage Soh, currently ranked 2nd in the world for vertical mile stair climbing (tower running), sees the Sky Race as his golden opportunity to reclaim the top spot. The event will play a pivotal role in the Food poisoning severely affected his performance and prevented him from setting a personal best or competing for the win. Now back on home turf and fresh off a Guiness World Record, Soh is confident about his chances against current world number one Home ground will give me advantage over my opponents. I've already checked out the stairs at Merdeka 118, hence added advantage. I rate my chances at 90 percent. His winning strategy is psychological warfare: 'Once I can see my opponent in sight during the run, I will likely win.' With redemption on his mind and familiar territory under his feet, this could be the perfect stage for Malaysia's tower running champion to prove he belongs back at the top of the world rankings. Home advantage: Malaysia's world-ranked tower runner Soh Wai Ching displays The Sky Race shirt, confident about his 90% chance of reclaiming the world No. 1 ranking on familiar territory at Merdeka 118. (Pix: Fernando Fong) What's In It For You This isn't just another weekend workout – you're getting exclusive access to Level 118 viewpoint, literally where few people in the world have ever been! Imagine the bragging rights of conquering the world's tallest building while being part of the biggest tower run in 2025. The best part? There's no pressure with no cutoff time, so you can climb at your own pace. And once you've conquered those 2,845 steps, you get to take the lift down – your legs will definitely thank you for that! The Sky Race takes place on Saturday, 30 August. Ready to join 5,000 climbers from 30+ countries? Your legs might hate you for 90 minutes, but the view and bragging rights will last forever. Almost there: Floor 116 marks the final stretch for Sky Race participants climbing toward the exclusive Level 118 viewpoint – a destination few people in the world have ever reached. (Pix: Fernando Fong) The reward: This breathtaking panoramic view of Kuala Lumpur from the top of Merdeka 118 awaits those who complete The Sky Race – a vista that few people in the world have ever experienced. (Pix: Fernando Fong) Training ground: The towering architecture that challenges Malaysia's elite stair climbers, preparing them for the ultimate test at The Sky Race on 30 August. (Pix: Fernando Fong) Touching the sky: Merdeka 118 pierces through the clouds, symbolizing the sky-high challenge awaiting participants who will climb 2,845 steps for exclusive access to Level 118's unparalleled views. (Pix: Fernando Fong) Bird's eye view: The iconic Merdeka Stadium lies far below as seen from the upper floors of Merdeka 118. This stunning aerial vista of Kuala Lumpur's historic stadium and surrounding cityscape represents the rewarding view that competitors will experience after their grueling vertical marathon up Malaysia's architectural crown jewel.' (Pix: Fernando Fong) Rising above the rest: Merdeka 118 dominates the Kuala Lumpur skyline as the world's second tallest building in the world, soon to welcome 5,000 tower runners for the biggest stair-climbing challenge of 2025. (Pix: Fernando Fong) READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Yahoo
22-05-2025
- Business
- Yahoo
Malayan Banking Berhad (KLSE:MAYBANK) is largely controlled by institutional shareholders who own 72% of the company
Institutions' substantial holdings in Malayan Banking Berhad implies that they have significant influence over the company's share price A total of 2 investors have a majority stake in the company with 56% ownership Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Malayan Banking Berhad (KLSE:MAYBANK), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 72% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's take a closer look to see what the different types of shareholders can tell us about Malayan Banking Berhad. See our latest analysis for Malayan Banking Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Malayan Banking Berhad already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Malayan Banking Berhad's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Malayan Banking Berhad. Our data shows that Permodalan Nasional Berhad is the largest shareholder with 43% of shares outstanding. In comparison, the second and third largest shareholders hold about 13% and 5.1% of the stock. After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of Malayan Banking Berhad. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own RM248m of stock. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. With a 26% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Malayan Banking Berhad. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. It's always worth thinking about the different groups who own shares in a company. But to understand Malayan Banking Berhad better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Malayan Banking Berhad , and understanding them should be part of your investment process. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
New Straits Times
02-05-2025
- Entertainment
- New Straits Times
Malaysians proud of Merdeka 118 featured in Marvel's Thunderbolts
KUALA LUMPUR: Malaysians have reacted positively after Merdeka 118, the second tallest tower in the world, located in Kuala Lumpur was featured in Marvel Studios' latest superhero film Thunderbolts in its premiere showing in Malaysian cinemas yesterday. It is the first time that the 678.9-metre-tall skyscraper, owned by Permodalan Nasional Berhad (PNB) through its subsidiary PNB Merdeka Ventures Sdn Bhd, was selected a location for a Hollywood film, a fact that many Malaysians were so proud of that they left comments like - Malaysia shining bright, Malaysia goes global, and the signature cry - Malaysia Boleh! - on various social media platforms. Marvel Studios had set the ball rolling when it previously shared behind-the-scenes footage of Thunderbolts star Florence Pugh jumping from the top of Merdeka 118, which unsurprisingly captured the attention of fans, especially those from Malaysia. And the feel-good feeling has just gotten stronger since yesterday's premiere, judging by the comments left by Malaysians on various social media platforms, including one by ApiZ on TikTok, who posted, "Feel proud that Malaysia's name is part of an international movie." Perhaps what most Malaysians felt could be best summed up by fellow Malaysian Saiful Nizam's simple direct comment - I'm proud to be Malaysian. Local film reviewer Shahril Izzat Rosli, who goes by the moniker Shahril Pencinta Muvee, echoed such sentiments when he spoke to Bernama, and expressed his pride in seeing the country's landmark featured in an international movie, something he said showcased Malaysia at the world stage. "Obviously, I was very excited and proud when I saw our national landmark make its appearance in a Hollywood movie, what more a Marvel film that has its own following throughout the world. "It wasn't just once, but Malaysia and Kuala Lumpur were mentioned repeatedly throughout the film, so that's certainly something to be proud of," he said. He pointed out that Marvel film fans who have not heard of Malaysia would indirectly know of it, what with an anti-hero character being created in a lab in the country, according to the film. — BERNAMA
The Sun
02-05-2025
- Entertainment
- The Sun
Malaysians proud of Merdeka 118 featured in Marvel's Thunderbolts
KUALA LUMPUR: Malaysians have reacted positively after Merdeka 118, the second tallest tower in the world, located in Kuala Lumpur was featured in Marvel Studios' latest superhero film Thunderbolts in its premiere showing in Malaysian cinemas yesterday. It is the first time that the 678.9-metre-tall skyscraper, owned by Permodalan Nasional Berhad (PNB) through its subsidiary PNB Merdeka Ventures Sdn Bhd, was selected a location for a Hollywood film, a fact that many Malaysians were so proud of that they left comments like - Malaysia shining bright, Malaysia goes global, and the signature cry - Malaysia Boleh! - on various social media platforms. Marvel Studios had set the ball rolling when it previously shared behind-the-scenes footage of Thunderbolts star Florence Pugh jumping from the top of Merdeka 118, which unsurprisingly captured the attention of fans, especially those from Malaysia. And the feel-good feeling has just gotten stronger since yesterday's premiere, judging by the comments left by Malaysians on various social media platforms, including one by ApiZ on Tiktok, who posted, 'Feel proud that Malaysia's name is part of an international movie.' Perhaps what most Malaysians felt could be best summed up by fellow Malaysian Saiful Nizam's simple direct comment - I'm proud to be Malaysian. Local film reviewer Shahril Izzat Rosli, who goes by the moniker Shahril Pencinta Muvee, echoed such sentiments when he spoke to Bernama, and expressed his pride in seeing the country's landmark featured in an international movie, something he said showcased Malaysia at the world stage. 'Obviously, I was very excited and proud when I saw our national landmark make its appearance in a Hollywood movie, what more a Marvel film that has its own following throughout the world. 'It wasn't just once, but Malaysia and Kuala Lumpur were mentioned repeatedly throughout the film, so that's certainly something to be proud of,' he said. He pointed out that Marvel film fans who have not heard of Malaysia would indirectly know of it, what with an anti-hero character being created in a lab in the country, according to the film.
