Latest news with #YCH
The Sun
a day ago
- Business
- The Sun
YCH Fusionaris RM500 mil investment boosts Malaysia's logistics hub
KUALA LUMPUR: Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) highlighted the significance of YCH Fusionaris Sdn Bhd's RM500 million investment in Bandar Bukit Raja, Klang. He stated that this strategic move confirms the realisation of Malaysia's investment potential. The investment originated from opportunities identified during a trade mission to Singapore. 'This investment will not only elevate Malaysia's position as a regional supply chain hub, but it will also create 100 new job opportunities for local citizens,' Zafrul said in a post on X. He emphasised YCH's collaboration with local logistics partners to enhance the domestic business ecosystem. 'This is clear proof that every initiative under the MADANI Government is a starting step that leads to high-impact investments - for the advancement of our economy and technology!' he added. Zafrul underscored the transformation of potential into tangible economic progress. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
Zafrul: YCH Fusionaris RM500mil Klang investment validates potential
KUALA LUMPUR: Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the strategic investment by YCH Fusionaris Sdn Bhd has proven that the investment potential has now been realised. According to him, the RM500 million investment by the leading logistics company in Bandar Bukit Raja, Klang, Selangor, stemmed from opportunities identified during a trade mission to Singapore. This investment will not only elevate Malaysia's position as a regional supply chain hub, but it will also create 100 new job opportunities for local citizens," he said in a post on the platform X. He added that YCH is also actively building partnerships with local logistics partners, thereby strengthening the country's local business ecosystem. "This is clear proof that every initiative under the Madani Government is a starting step that leads to high-impact investments - for the advancement of our economy and technology! From potential, we turn it into reality!" he stated.
The Star
30-05-2025
- Business
- The Star
Malaysia aims to be top logistics hub
Putting plans in action: Tengku Zafrul (second from left) at the groundbreaking ceremony of the SCC MY project in Bukit Raja, Klang. — KK SHAM/The Star KLANG: Malaysia is now one step closer to its dream of becoming Asean's premier logistics and trade hub with the groundbreaking of the Supply Chain City Malaysia (SCC MY) project, says Tengku Datuk Seri Zafrul Abdul Aziz. To be built by Singapore-based supply chain and logistics conglomerate YCH Group in partnership with Sime Darby Property, the RM500mil valued project will see the construction of a modern smart logistics facility in Bandar Bukit Raja. The Investment, Trade & Industry Minister (Miti) said SCC MY will include state-of-the-art automation and AI-driven logistics systems, almost never seen before in the country. 'Combined with planned sustainability solutions, this project is set to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. 'This facility will elevate Malaysia's logistics industry to a new level of global competitiveness,' he said in his speech at the project's groundbreaking ceremony here yesterday. Tengku Zafrul also revealed that the project will help train local talent for these automated systems with the integration of Singapore's LEARN ecosystem through collaboration with Singapore's Supply Chain and Logistics Academy (Scala). 'This will ensure our local hired talents are equipped with higher-end skills while future-proofing our supply chain ecosystem,' he said. Tengku Zafrul also said SCC MY is the first project under the New Industrial Master Plan 2030 (NIMP 2030) and is a testament to increasing regional cooperation in Asean. 'This project embodies the spirit of innovation, collaboration and resilience that defines our nation and the region while also being a testament to our commitment to fostering sustainable growth and regional integration. 'The government, through Miti and other relevant agencies, stands ready to support this endeavour and ensure its success,' he added. YCH Group executive chairman Robert Yap said SCC MY would set new standards of logistics excellence in the country. 'We are dedicated to training local talent, empowering them with essential skills to support Malaysia's journey to become a preferred destination for global businesses,' he said. Yap also revealed that the project will integrate sustainable solutions to its operations like renewable energy through the use of solar panels across its entire rooftop of the facility. He added that YCH will also look to invest in local start-ups and help integrate them into SCC MY's planned logistics ecosystem. Sime Darby Property group managing director and chief executive officer Datuk Seri Azmir Merican said the project will strengthen and bring much needed innovation to local supply chain infrastructure. 'YCH brings a strong regional portfolio that will strengthen Bandar Bukit Raja as a strategic point in the regional supply chain network. 'This project is a timely example of much-needed cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth. 'Through our collaboration, we hope to strengthen trade linkages, support innovation and contribute meaningfully to broader regional priorities,' he said.
New Straits Times
29-05-2025
- Business
- New Straits Times
Malaysia ready to lead partnerships to address supply chain disruptions: Tengku Zafrul
KLANG: Malaysia is ready to foster and lead regional partnerships to tackle the challenges posed by supply chain disruptions stemming from geopolitical tensions, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz. Malaysia recently concluded the Asean-GCC-China Summit, which highlighted Asean's unity and ability to address global challenges effectively, Tengku Zafrul said. "This summit sent a clear message to the world: Asean is open for business, and we are ready to lead in building a more resilient and interconnected global economy," he said at the groundbreaking ceremony of YCH Group's Supply Chain City Malaysia (SCC MY) today. He added that Asean, guided by Malaysia's leadership, is ready to tackle critical issues including supply chain disruptions, digital transformation and climate change. "We are working closely with our Asean partners to implement the Asean Comprehensive Recovery Framework (ACRF), which aims to ensure a robust and sustainable recovery from the economic impacts of recent global crises. "One of our key priorities is to enhance the Asean Single Window (ASW), a digital platform that streamlines trade processes across member states," he added. Tengku Zafrul said by reducing bureaucracy and enhancing trade efficiency, the ASW will be instrumental in reinforcing regional supply chains and increasing intra-Asean trade, which presently makes up nearly 25 per cent of total Asean trade. He added that Malaysia is leading the development of the Asean Digital Economy Framework Agreement (DEFA), aimed at harmonising digital trade regulations and encouraging cross-border e-commerce. "This initiative will not only enhance digital connectivity but also create new opportunities for businesses and consumers across the region," Tengku Zafrul said. Singapore-based YCH held a groundbreaking ceremony today for its largest supply chain facility in Bandar Bukit Raja, Selangor. Situated within Sime Darby Property Bhd's Bukit Raja township, the RM500 million project demonstrates YCH's strong long-term commitment to advancing Malaysia's role in regional supply chain development.
The Star
29-05-2025
- Business
- The Star
Malaysia moves closer to becoming Asean's logistics hub, says Tengku Zafrul
KLANG: The groundbreaking of the Supply Chain City Malaysia (SCC MY) project brings Malaysia a step closer to becoming Asean's premier logistics and trade hub, says Tengku Datuk Seri Zafrul Aziz. Built by Singapore-based YCH Group in partnership with Sime Darby Property, the RM500mil project will feature a modern smart logistics facility in Bandar Bukit Raja. The Investment, Trade & Industry Minister said SCC MY will include state-of-the-art automation and AI-driven logistics systems, rarely seen in the country. "Combined with planned sustainability solutions, this project will accelerate industrial transformation through advanced supply chain solutions and logistics innovation." "This facility will elevate Malaysia's logistics industry to a new level of global competitiveness," he said at the project's groundbreaking ceremony on Thursday (May 29). He added that the project will train local talent for these automated systems by integrating Singapore's Learn ecosystem in collaboration with Singapore's Supply Chain and Logistics Academy (Scala). "This will ensure our local hired talents are equipped with higher-end skills while future-proofing our supply chain ecosystem," he said. Tengku Zafrul also said SCC MY is the first project under the New Industrial Master Plan 2030 and demonstrates increasing regional cooperation in Asean. "This project embodies the spirit of innovation, collaboration, and resilience that defines our nation and the region." "It is a testament to our commitment to fostering sustainable growth and regional integration." "The Government, through MITI and other relevant agencies, stands ready to support this endeavour and ensure its success," he added. YCH Group executive chairman Robert Yap said SCC MY would set new standards of logistics excellence in the country. "We are dedicated to training local talent, empowering them with essential skills to support Malaysia's journey to become a preferred destination for global businesses," he said. Yap revealed that the project would integrate sustainable solutions into its operations, like renewable energy, using solar panels across the entire rooftop of the facility. He added that YCH would also invest in local startups and help integrate them into SCC MY's planned logistic ecosystem. Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican said the project will strengthen and bring much-needed innovation to local supply chain infrastructure. "YCH brings a strong regional portfolio that will strengthen Bandar Bukit Raja as a strategic point in the regional supply chain network." "This project is a timely example of much-needed cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth." "Through our collaboration, we hope to strengthen trade linkages, support innovation, and contribute meaningfully to broader regional priorities," he said.
