Latest news with #RM406
New Straits Times
03-07-2025
- Business
- New Straits Times
LBS Bina's unit MGB hands over completed Rumah Idaman Melur to proud owners
KUALA LUMPUR: Rumah Idaman Melur, the second project under the Rumah Idaman MBI initiative, has reached a significant milestone with the official handover of completed units to proud new homeowners. The ceremony was officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari, marking a pivotal step in the state's mission to provide accessible and high-quality housing for its people. Located in the Cybersouth township, Idaman Melur is a collaboration between Permodalan Negeri Selangor Bhd (PNSB), through its subsidiary PNSB Construction Sdn Bhd, and MGB Bhd, a leading construction and property development solutions provider under LBS Bina Group Bhd. Spanning 4.885 hectares, the RM406 million development comprises two 23-storey residential blocks offering 1,448 semi-furnished units. Each home, priced from RM250,000, includes three bedrooms and two bathrooms with a minimum built-up area of 1,000 square feet. The units come equipped with essential furnishings and appliances, including air conditioners, kitchen cabinets, wardrobes, refrigerators or televisions and water heaters, offering exceptional value in the affordable housing market. Strategically linked to major highways such as Elite and MEX, Idaman Melur offers both convenience and comfort, nestled within a peaceful, green environment. Datuk Seri Amirudin shared that the project forms part of the broader Rumah Idaman MBI initiative, which comprises six developments totalling 7,210 affordable units across Selangor. Upcoming phases include Bukit Jelutong, which is set to offer 1,400 units, and Sabak Bernam, with 1,260 units scheduled for completion in 2026. All homes under the initiative are constructed using MGB's in-house Industrialised Building System (IBS) precast concrete technology, ensuring efficient build times and high-quality standards. Amirudin said: "Our commitment remains strong in ensuring the well-being of the people of Selangor through the provision of high-quality, comfortable homes equipped with essential amenities." "We are confident in the success of Rumah Idaman BSP and other Rumah Idaman MBI projects, as their strategic locations, affordable pricing, and inclusion of necessary appliances will greatly enhance the quality of life for our residents." Meanwhile, LBS Bina executive chairman Tan Sri Ir. Dr. Lim Hock San praised the strength of the public-private collaboration behind the initiative. "The Rumah Idaman projects reflect a shared commitment to social responsibility and construction excellence. "We are proud that Idaman Melur achieved a QLASSIC score of 79 per cent by CIDB and was delivered ahead of schedule, just like Idaman BSP in 2024. Demand has been overwhelming, reaffirming this segment as a core focus for MGB. "The same IBS technology used here is being applied internationally, including in our ROSHN Al-Arous Phase 1 project in Jeddah, Saudi Arabia," Lim added. PNSB chief executive officer Raja Ahmad Shahrir Iskandar Raja Salim said the collaboration showcases how the state and private sector can work together to create impactful, people-centric developments. "We are proud to play our part in realising the state's vision for inclusive, quality housing," he added.
New Straits Times
26-06-2025
- Business
- New Straits Times
KPJ eyes medical travellers from Indonesia
KUALA LUMPUR: KPJ Healthcare Bhd is focusing on boosting its medical tourism segment, with a strong focus on attracting patients from Indonesia. Its president and managing director Chin Keat Chyuan said the group is aiming to tap into the large pool of Indonesians who travel abroad for healthcare. He said currently, an estimated 20 per cent of Indonesia's 270 million population, or about 54 million people, are seeking medical treatment in countries such as Singapore, Malaysia, Thailand and Vietnam. "According to data from the Malaysia Healthcare Travel Council, more than 40 per cent of those Indonesian patients are coming to Malaysia, which is contributing significantly to our health tourism industry. "This is an immediate business opportunity, especially as the group expands its workforce and increases the number of beds in its hospitals," he said in a press conference after the group's 32nd annual general meeting today. Chin also noted that KPJ is optimising its existing medical equipment and technology, including MRI machines, CT scanners, and other advanced diagnostic tools, to support the expected growth in patient volume. The group is executing long-term strategies to expand its specialist talent pool, enhance research capabilities and embed digital solutions across the organisation. "These are critical to delivering better outcomes and positioning KPJ as a leading, integrated healthcare provider in the region," he added. Meanwhile, KPJ expects about 70 per cent of its business this year to come from age-related and non-communicable diseases (NCDs) due to Malaysia's ageing population, with around 15 per cent of the population now aged 60 and above. The group plans to focus on treating NCDs such as heart disease, lung disease, neurological problems, strokes, cancer, and orthopaedic issues using advanced medical and surgical treatments. In financial year 2024, KPJ invested RM406 million in capital expenditure, a 66 per cent increase compared to the previous year. The investments supported infrastructure upgrades, digital expansion and the launch of its 30th hospital, KPJ Kuala Selangor Specialist Hospital. Furthermore, KPJ also continued to improve its digital ecosystem last year, including the use of smart technologies, artificial intelligence-assisted diagnostics and updates to the KPJ Cares mobile app. The group also carried out initiatives related to environmental and community health through its Klinik Waqaf An-Nur network, along with measures aligned to its Net Zero 2050 target. Meanwhile, KPJ Healthcare Bhd chairman Tan Sri Dr Ismail Bakar described 2024 as a significant year for the group as it continued to push forward with its transformation efforts. He said that apart from the group's financial performance, KPJ also made progress in implementing the KPJ Health System, a framework that integrates care, education and research. "This strategy reinforces our commitment to improving health outcomes and delivering long-term value," he noted. Looking ahead, KPJ is looking to expand its presence in the region and improve access to healthcare services in Malaysia. The group plans to continue developing its Centres of Excellence and improving integration across its clinical, research and education areas, while also working to optimise hospital operations under the KPJ Health System.
