Latest news with #YCHGroup
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.
The Star
3 days ago
- 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.
The Star
3 days ago
- Business
- The Star
YCH Group's smart logistic hub in Klang seen as boost to regional connectivity
From left: YCH Group Malaysia country general manager Ryan Yap, Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, YCH Group executive chairman Dr Robert Yap, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Singapore Acting High Commissioner to Malaysia Shivakumar Nair, ASEAN-BAC, Malaysia Chapter chairman Tan Sri Nazir Razak and Sime Darby Property group managing director & chief executive officer Datuk Seri Azmir Merican during the groundbreaking ceremony of YCH's RM500mil Supply Chain City Malaysia. SHAH ALAM: Singapore-based supply chain management and logistics company, YCH Group's RM500 million Supply Chain City Malaysia (SCC MY), a smart logistic complex in Bandar Bukit Raja, Klang, is expected to serve as a key enabler of regional connectivity. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the hub which would be completed within the next two-and-a-half years is the first project under Malaysia's New Industrial Master Plan 2030 (NIMP 2030) which aimed to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. He said as Malaysia cements its role as ASEAN's preferred investment destination, the logistics sector plays a critical role in driving the nation's industrial and trade growth. He was confident that SCC MY would align with the vision of NIMP 2030 and the ASEAN Smart Logistics Network (ASLN) by strengthening connectivity, enhancing trade efficiency and optimising supply chain operations. "In 2024, Malaysia achieved a significant RM378.5 billion in approved investments, a 14.9 per cent increase from the previous year. These investments, spanning 6,700 projects, will create over 207,000 new jobs for Malaysians. "Such figures highlight not only the confidence global investors have in Malaysia but also our ability to navigate economic uncertainties with strength and agility," he said during SCC MY's groundbreaking ceremony here today. Tengku Zafrul said the project which will integrate LEARN ecosystem, in collaboration with Singapore's Supply Chain and Logistics Academy (SCALA), will ensure the local logistics talent is equipped with the necessary skills and expertise to thrive in an evolving industry. He noted that this project also offers the potential for the adoption of smart logistics solutions, further enhancing efficiency and transparency in supply chains, aligns with national agenda to embrace the digital economy and leverage technology for economic advancement. "This initiative reflects our national commitment to building a high-skilled workforce that can support Malaysia's transformation into a regional logistics powerhouse. "Beyond its technological advancements, the project is also expected to offer both skilled and semi-skilled job opportunities, further strengthening Malaysia's SMART Warehouse and logistics ecosystem," he said. - Bernama
The Sun
3 days ago
- Business
- The Sun
Supply chain challenges demand resilience and agility from businesses
KLANG: Businesses are encouraged to integrate resilience, agility and adaptability into their strategies to navigate global supply chain disruptions, as geopolitical tensions have become increasingly common in today's globalised economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the current landscape demands regional cooperation in maintaining supply chain continuity. He reaffirmed Malaysia's commitment as a key player in ASEAN to foster stronger regional partnerships to address these challenges. 'Just a couple of days ago, we concluded the ASEAN-GCC-China Summit, a historic gathering that showcased the strength and coordination of ASEAN in navigating global challenges. 'The 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 Singapore-based YCH Group's smart logistics complex, Supply Chain City Malaysia, here today. The minister added that Malaysia is working with its ASEAN partners to implement the ASEAN Comprehensive Recovery Framework (ACRF), which aims to enable robust and sustainable economic recovery across the region. Tengku Zafrul said that one of Malaysia's priorities is to enhance the ASEAN Single Window (ASW), a digital platform designed to streamline trade processes among member states by reducing bureaucracy and improving trade efficiency. 'The ASW will play a pivotal role in strengthening regional supply chains and boosting intra-ASEAN trade, which currently accounts for nearly 25 per cent of total ASEAN trade,' he said. Tengku Zafrul highlighted that Malaysia is also pushing for the ASEAN Digital Economy Framework Agreement (DEFA), which aims to harmonise digital trade regulations and accelerate cross-border e-commerce adoption across the region. He said ASEAN's growing importance in global trade, noting its combined GDP of over US$3.6 trillion and population of more than 680 million people. 'As the world's fifth-largest economy, ASEAN plays a critical role in the global supply chain, accounting for nearly seven per cent of global trade,' Tengku Zafrul said.
The Sun
3 days ago
- Business
- The Sun
Supply chain challenges demand resilience, agility from businesses
KLANG: Businesses are encouraged to integrate resilience, agility and adaptability into their strategies to navigate global supply chain disruptions, as geopolitical tensions have become increasingly common in today's globalised economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the current landscape demands regional cooperation in maintaining supply chain continuity. He reaffirmed Malaysia's commitment as a key player in ASEAN to foster stronger regional partnerships to address these challenges. 'Just a couple of days ago, we concluded the ASEAN-GCC-China Summit, a historic gathering that showcased the strength and coordination of ASEAN in navigating global challenges. 'The 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 Singapore-based YCH Group's smart logistics complex, Supply Chain City Malaysia, here today. The minister added that Malaysia is working with its ASEAN partners to implement the ASEAN Comprehensive Recovery Framework (ACRF), which aims to enable robust and sustainable economic recovery across the region. Tengku Zafrul said that one of Malaysia's priorities is to enhance the ASEAN Single Window (ASW), a digital platform designed to streamline trade processes among member states by reducing bureaucracy and improving trade efficiency. 'The ASW will play a pivotal role in strengthening regional supply chains and boosting intra-ASEAN trade, which currently accounts for nearly 25 per cent of total ASEAN trade,' he said. Tengku Zafrul highlighted that Malaysia is also pushing for the ASEAN Digital Economy Framework Agreement (DEFA), which aims to harmonise digital trade regulations and accelerate cross-border e-commerce adoption across the region. He said ASEAN's growing importance in global trade, noting its combined GDP of over US$3.6 trillion and population of more than 680 million people. 'As the world's fifth-largest economy, ASEAN plays a critical role in the global supply chain, accounting for nearly seven per cent of global trade,' Tengku Zafrul said.
