Latest news with #UtamaZafrulTengkuAbdulAziz
Barnama
3 days ago
- Business
- Barnama
YCH Group Breaks Ground On RM500-million Supply Chain City® Malaysia In Sime Darby Property's Bandar Bukit Raja, Strengthening Asean Connectivity And Malaysian Logistics Ecosystem
SELANGOR, Malaysia, May 30 (Bernama) -- YCH Group today marked a significant milestone with the groundbreaking of Supply Chain City® Malaysia ('SCC MY'), a RM500 million project located within Bandar Bukit Raja ('BBR'), Selangor, an integrated, award-winning township developed by Sime Darby Property Berhad ('Sime Darby Property'). The groundbreaking ceremony was attended by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) Malaysia, Mr Shivakumar Nair, Singapore Acting High Commissioner to Malaysia, Tan Sri Nazir Razak, Chairman of the ASEAN-BAC, Malaysia Chapter, Dr Robert Yap, Executive Chairman of YCH Group, Mr Ryan Yap, Country General Manager, YCH Group Malaysia, Dato' Seri Azmir Merican, Group Managing Director & Chief Executive Officer of Sime Darby Property, as well as key customers and partners of YCH Group.
New Straits Times
3 days ago
- Business
- New Straits Times
YCH Group's RM500mil logistics hub at SD Property's Bukit Raja township breaks ground
KUALA LUMPUR: Singapore-based YCH Group held a groundbreaking of its largest supply chain facility in Malaysia in Bandar Bukit Raja, Selangor today. Located at Sime Darby Property Bhd's Bukit Raja township, the RM500 million project reflects YCH's long-term commitment to Malaysia's regional supply chain development and a significant step in realising the country's vision as a leading logistics and trade hub in Asean. As part of YCH Group's SGConnect initiative, the project is poised to serve as a key enabler of regional connectivity, supporting smoother trade flows and future-ready logistics infrastructure. Investment, Trade and Industry Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz hopes YCH's investment would be more inclusive by enabling SME exporters to also access the global market. "When trade flows seamlessly, investors see greater opportunities, fuelling further growth and innovation. "This is what will support our New Industrial Master Plan's goals to increase our competitiveness and position Malaysia a key manufacturing and services hub for Asean and beyond," he said. Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said YCH, as the first recipient of MIDA's Smart Logistics Complex incentive, sets a powerful precedent for the nation's integrated smart logistics future. "This achievement reflects our commitment to attracting high-impact investments and strengthening Malaysia's supply chain ecosystem through innovation and automation. "The incentive aligns perfectly with thei Kuala Lumpur Declaration: Asean, supporting our vision of a digitally advanced, economically resilient Asean region," he added. YCH executive chairman Dr Robert Yap said the project is a major step forward in setting new standards of logistics excellence, supporting Malaysia's growth as a world-class supply chain leader. "Our investment in Fusionaris and advanced technologies reflect our commitment to regional connectivity, efficient operations and sustainable practices. "We are also dedicated to training local talent, empowering them with essential skills to support Malaysia's journey as a preferred destination for global businesses," he said. The Supply Chain and Logistics Academy (Scala), an industry-level development academy, will be hosted at the hub. It offers training programmes to equip local talent with the skills needed to thrive in tomorrow's logistics landscape, ultimately enabling Malaysia's workforce to remain competitive on the global stage. This milestone highlights the successful collaboration between YCH and SD Property in bringing a world-class supply chain hub to life within one of Selangor's most strategically connected and mature townships. Bandar Bukit Raja is a 2,158-hectare integrated township known for its sustainable design and thriving industrial ecosystem. With close to 60 per cent of its landbank allocated for industrial use, its is home to Malaysia's first GreenRE Platinum-rated managed industrial park, a preferred destination for multinational corporations seeking ready infrastructure, connectivity and ESG-aligned developments.
New Straits Times
25-05-2025
- Business
- New Straits Times
Focus on Myanmar, Timor-Leste and community building at Asean talks
KUALA LUMPUR: The Asean Foreign Ministers' Meeting (AMM) today will centre on advancing Asean community-building efforts in the lead-up to the 46th Asean Summit, which is set to commence tomorrow. Ministers will also discuss the follow-up to the Asean Leaders' review of the Five-Point Consensus on Myanmar yesterday and hold consultations on Timor-Leste's full membership in Asean. Foreign Minister Datuk Seri Mohamad Hasan is expected to chair the Asean Foreign Ministers' Meeting, where regional leaders are likely to deliberate on pressing geopolitical developments. The meeting will focus on advancing Asean Community-building efforts, with a briefing from the Asean Secretariat on developments under the Treaty of Amity and Cooperation in Southeast Asia (TAC). Later in the evening, the Asean-Gulf Cooperation Council (GCC) Ministerial Meeting will be held, focusing on enhancing economic and security cooperation between Southeast Asian nations and Gulf states. Other meetings taking place today include: -The 25th Asean Economic Community Council (AECC) Meeting, where a press conference will be held afterwards with Investment, Trade and Industry Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. -The 29th Asean Political-Security Community (APSC) Council Meeting would also be held to address collective security challenges and reaffirm Asean's commitment to a peaceful, rules-based regional order. This also includes the 36th Asean Coordinating Council (ACC) Meeting. The meetings serve as a precursor to the main summit, during which Asean leaders are expected to adopt key documents and declarations aimed at reinforcing regional unity, economic resilience and strategic partnerships. This year's Asean Summit is expected to be particularly significant, featuring the second Asean-GCC Summit and the inaugural Asean-GCC-China Summit which is a reflection of Asean's growing engagement with key international partners. The GCC comprises six member states, namely Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman. Thousands of people are expected to attend the summit, and strong security measures have been implemented around the KLCC area to ensure a safe environment for delegates and participants. The event would also feature a special gala dinner hosted by Prime Minister Datuk Seri Anwar Ibrahim, and a royal lunch at Istana Negara.
