FIVE CHINA-BASED COMPANIES EXPRESS INTEREST TO INVEST IN GERBANG NUSAJAYA RENEWABLE ENERGY INDUSTRIAL PARK
KUALA LUMPUR, 10 October 2024 – In a boost to Malaysia's renewable energy sector, five leading China-based companies have expressed interest in becoming off-takers and setting up local manufacturing facilities within the UEM Sunrise Berhad (UEM Sunrise) Renewable Energy (RE) Industrial Park strategically located in Gerbang Nusajaya, Iskandar Puteri, Johor. The companies will occupy the 40-acre (16.2 hectares) land within the RE Industrial Park as previously announced between UEM Group Berhad (UEM Group)’s township and property arm, UEM Sunrise, together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and China Machinery Engineering Corporation (CMEC).
The companies include industry giants such as China Machinery Engineering Wuxi Co. Ltd. (CMEC WUXI), the manufacturing arm of CMEC and Wuxi Longmax Technology Co., Ltd. (Longmax), a global leader in solar photovoltaic (PV) combiner box and eBOS solutions. Both companies are already in the process of setting up local manufacturing operations in Malaysia, as well as establishing solar module and combiner box production facilities within the RE Industrial Park.
Complementing CMEC WUXI and Longmax, other leading international RE manufacturers such as Gotion for Battery Energy Storage Systems, Hopewind for Solar Inverters, and Huasun for Heterojunction (HJT) modules are also in discussions to invest in the industrial park and participate as renewable energy offtakers.
This development was unveiled at the Agreement Exchange Ceremony held today between UEM Sunrise, ITRAMAS and CMEC, which follows the original signing of the Memorandum of Understanding (MoU) in May 2024 in Beijing by the three companies.
The agreement exchange was witnessed by YB Tuan Mohd Rafizi bin Ramli, Minister of Economy and YB Tuan Nik Nazmi bin Nik Ahmad, Minister of Natural Resources and Environmental Sustainability, during the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024.
The RE Industrial Park is part of the one (1) gigawatt (GW) hybrid solar power plant project, a flagship catalytic project under Malaysia’s National Energy Transition Roadmap (NETR) to be undertaken by UEM Group through its wholly-owned subsidiary and green industries arm, UEM Lestra Berhad (UEM Lestra). This project is expected to play a pivotal role in Malaysia’s renewable energy infrastructure, fostering local and regional market growth and positioning Malaysia as a renewable energy hub in ASEAN.
Harman Faiz Habib Muhamad, CEO of UEM Lestra, said:
“The RE Industrial Park in Gerbang Nusajaya is a pivotal component of our landmark 1GW solar hybrid power plant project under NETR. The interest from foreign companies and their forthcoming involvement in the project will strategically position Malaysia to drive substantial economic growth through foreign direct investment. Furthermore, it will accelerate our domestic direct investment objectives and reinforce our comprehensive value creation strategy, all of which are agendas we share with our parent company, UEM Group. By leveraging the collective strengths of our partners, we are establishing a robust foundation for a transformative shift towards a more sustainable future for Malaysia.”
Sufian Abdullah, CEO of UEM Sunrise, stated:
“Today's document exchange not only strengthens our shared vision for Malaysia’s renewable energy future but also highlights UEM Sunrise’s dedication to supporting our partners. In collaboration with ITRAMAS, CMEC, and our esteemed partners from China, we are committed to fostering an environment that promotes seamless growth, innovation, and excellence in local manufacturing. As we establish Gerbang Nusajaya as a renewable energy hub, UEM Sunrise looks forward to providing the infrastructure, resources, and bring the collaborative spirit required to bring form to this vision in a responsible and sustainable manner.”
Lee Choo Boo, Group Managing Director of ITRAMAS Corporation, remarked:
“The RE Industrial Park is a testament to Malaysia's commitment to renewable energy, and we are proud to collaborate with CMEC and our other strategic partners to bring world-class renewable energy technologies to Malaysia. This is not only about driving local manufacturing and supply chain development but about supporting Malaysia's broader energy transition under the NETR framework. The participation of top international players in this initiative demonstrates the confidence in Malaysia as a growing hub for clean energy solutions.”
Kathy Xu, General Manager of CMEC WUXI, stated:
“Driving innovation and powering the future with world-class expertise: Our collaboration brings together cutting-edge technology and deep industry expertise to create sustainable solutions for the evolving energy landscape. By combining our shared vision for innovation and excellence, we are setting new benchmarks in efficiency, reliability, and green energy development. This partnership not only strengthens our competitive edge but also accelerates the transition toward a more sustainable and connected world.”
Henry Yang, CEO of Longmax, remarked:
“Our partnership represents a strategic milestone in bringing advanced DC connection technology to Malaysia. As the global leader in combiner box solutions, we are excited to localize our manufacturing capabilities and contribute to Malaysia’s growing renewable energy sector. By leveraging our deep expertise and proven track record, we aim to enhance the efficiency and reliability of solar installations in the region, while supporting Malaysia's energy transition goals under the NETR framework. We look forward to advancing the country’s solar supply chain and driving sustainable growth both locally and internationally.”
PERDANA MENTERI RASMI R&R LESTARI PERTAMA DI LEBUH RAYA MALAYSIA
Seremban, 8 September 2024:- Perdana Menteri, Dato’ Seri Anwar Ibrahim hari ini menyempurnakan majlis pembukaan semula dan perasmian Kawasan Rehat & Rawat (R&R) Seremban (Arah Selatan) di Lebuhraya Utara-Selatan, sekaligus menjadikannya R&R Lestari yang pertama di lebuh raya di negara ini.
Terletak di KM274.6 di antara Persimpangan Bertingkat Bandar Baru Nilai dan Bandar Ainsdale, projek pembangunan semula R&R Seremban (Arah Selatan) adalah komitmen PLUS Malaysia Berhad (PLUS) dalam menyokong inisiatif kelestarian negara, selaras dengan Ekonomi Madani, Rancangan Malaysia Ke-12, Pelan Hala Tuju Peralihan Tenaga (NETR) dan Pelan Pembangunan Mobiliti Rendah Karbon (LCMB) menjelang tahun 2030.
Menteri Kerja Raya, YB Dato Sri Alexander Nanta Linggi ketika ditemui berkata, “Kewujudan Lebuhraya PLUS telah merancakkan transformasi ekonomi dengan pembukaan lebih 200 pembangunan bandar baharu dan 20 kawasan perindustrian di sepanjang jajarannya yang memainkan peranan penting dalam memacu pertumbuhan ekonomi negara, menyediakan peluang perniagaan bernilai tinggi kepada ribuan syarikat tempatan, seterusnya mewujudkan peluang pekerjaan kepada rakyat”.
“Selain itu, operasi Lebuhraya PLUSj uga telah mencipta lebih daripada 15,000 peluang pekerjaan yang merangkumi warga PLUS, rakan-rakan niaga di kawasan rehat, kakitangan penyelenggaraan, dan kontraktor serta memberikan manfaat kepada ribuan usahawan tempatan yang terlibat dalam rantaian pembekalan,” tambah beliau lagi.
R&R PLUS bukan sahaja menawarkan pelbagai kemudahan demi keselesaan pengguna lebuh raya, tetapi juga berperanan sebagai pemangkin dalam merubah serta meningkatkan taraf hidup dan sosioekonomi dengan melahirkan lebih 500 usahawan kecil dan sederhana yang disokong ribuan pembekal di kalangan peniaga komuniti setempat.
Pengerusi PLUS Malaysia Berhad, Dato’ Mohamad Nasir Ab. Latif menegaskan komitmen berterusan PLUS untuk menyokong usahawan Bumiputera menerusi kerjasama strategik bersama Lembaga Pembangunan Industri Binaan (CIDB). Menerusi program-program latihan berstruktur yang akan dibangunkan, vendor Bumiputera kecil berpeluang untuk memanfaatkan platform ini untuk mendapatkan pengetahuan industri serta pengalaman bekerja bersama-sama syarikat-syarikat besar di Malaysia.
Selari dengan peredaran masa, R&R PLUS telah berevolusi daripada hanya menyediakan kemudahan asas kepada pengguna lebuh raya seperti tempat letak kenderaan, tandas, surau dan gerai makanan, kepada sebuah pusat kegiatan ekonomi penduduk setempat. Dengan bernaung di bawah satu bumbung, peniaga tempatan dari pelbagai latar belakang berpeluang untuk menceburi dan mengambil bahagian dalam pelbagai jenis perniagaan di R&R PLUS.
PLUS secara berterusan melaksanakan kerja-kerja menaik taraf kawasan rehat bagi memastikan pengguna mendapat perkhidmatan dan kemudahan yang terbaik dan lebih selesa.
Pengerusi Lembaga Lebuhraya Malaysia, YB Datuk Seri Utama Ir. Hasni Mohammad ketika berucap pada majlis yang sama turut mengucapkan tahniah kepada PLUS, Kementerian Kerja Raya dan Lembaga Lebuhraya Malaysia di atas kerjasama yang erat bagi menjayakan projek Pembangunan R&R Seremban (Arah Selatan) ini.
“Saya juga berharap dengan pembukaan R&R Seremban (Arah Selatan) ini akan menjadi satu dorongan kepada Syarikat Konsesi lain untuk menambah baik mutu perkhidmatan serta kemudahan yang disediakan di lebuh raya bagi terus menyediakan persekitaran R&R yang kondusif dan selesa untuk dinikmati semua pengguna lebuh raya,” tambah beliau.
R&R Seremban (Arah Selatan) telah dibangunkan semula oleh PLUS bagi memenuhi keperluan pengguna yang semakin meningkat, dengan mengambil kira pembangunan infrastruktur yang lestari. Reka bentuk R&R yang berwajah baharu ini juga telah memperolehi pensijilan Green Building Index (GBI) Gold Rating dan juga telah dibina semula dengan menggunakan bahan-bahan binaan lestari.
“R&R Seremban (Arah Selatan) adalah R&R pertama yang dilengkapi dengan teknologi hijau seperti panel solar, stesen pengecasan kenderaan elektrik (EV), sistem penuaian air hujan, mesin pengomposan sisa, tong kitar semula fabrik dan 3R, serta bekas pembungkusan biodegradasi. Malah, stesen hab pengecasan EV yang pertama di Malaysia (EV Charging Hub) akan dibina di R&R ini tidak lama lagi, hasil kerjasama PLUS dan ChargeEV. Fasa pertama yang dijangka siap pada tahun hadapan akan menyediakan 16 poin pengecasan pantas, lengkap dengan kemudahan F&B yang luas dan selesa,” tambah Dato’ Mohamad Nasir.
Selain menawarkan medan selera yang hampir 8 kali ganda lebih besar yang boleh menampung lebih 500 pengunjung, PLUS juga telah menambah keluasan surau supaya boleh menampung 150 jemaah lelaki dan 150 jemaah wanita. Malah, rekabentuk surau yang unik dan lestari ini menyediakan suasana yang selesa, nyaman dan tenang serta dilengkapi dengan pelbagai kemudahan bagi Orang Kelainan Upaya (OKU) seperti ruang solat khusus bagi mereka yang berkerusi roda.
Sejak R&R Seremban (Arah Selatan) ini dibuka semula kepada pengguna secara berperingkat, purata jumlah pengunjung yang berhenti singgah di R&R Seremban ini telah meningkat daripada 25,000 orang setiap minggu kepada 50,000 orang pada ketika ini.
Majlis Perasmian R&R Seremban (Arah Selatan) hari ini turut dihadiri oleh Menteri Besar Negeri Sembilan YAB Dato’ Seri Utama Aminuddin Harun, Menteri Kerja Raya YB Dato Sri Alexander Nanta Linggi, Ketua Setiausaha Negara Tan Sri Dato’ Sri Shamsul Azri Abu Bakar Timbalan Menteri Kerja Raya YB Datuk Seri Ahmad Maslan, Setiausaha Kerajaan Negeri Sembilan YB Dato’ Mohd Zafir Ibrahim, serta pegawai-pegawai kanan daripada agensi-agensi Kerajaan.
UEM SUNRISE’S “FORM TO FUTURE” FORUM EXPLORES MEGATRENDS AND DRIVERS TO REDEFINE MALAYSIA’S REAL ESTATE
KUALA LUMPUR, 4 September 2024 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company"), in collaboration with CLSA Malaysia, Khazanah Nasional Berhad and Advancing Malaysia, hosted its inaugural Real Estate Forum at M Resort & Hotel, Kuala Lumpur. Attended by over 700 industry leaders and experts, this forum set the stage for a forward-thinking exploration of real estate’s future, focusing on capital availability, sustainable development, equitable living and the megatrends reshaping the sector.
Under the theme “Form to FUTURE: Bringing Vision into Reality”, the forum emphasised UEM Sunrise’s vision of creating sustainable communities that prioritise equity and long-term growth. Beyond development, UEM Sunrise is deeply committed to creating a positive impact on surrounding communities, the environment, and the economy, ensuring the future generations inherit a thriving, sustainable landscape that supports both people and progress.
UEM Sunrise Chief Executive Officer, Sufian Abdullah expressed the importance of this vision, stating “Our industry stands at a pivotal crossroads, shaped by transformative forces that demand our attention. As public sentiment increasingly focuses on sustainable urban development and social equity, the influx of data center investments and the push for renewable energy are redefining our landscape. At UEM Sunrise, we recognise our responsibility as one of the largest landbank owners in Iskandar Malaysia to lead this transformation guided by innovation, resilience, and inclusivity, giving form to a future where innovation meets sustainable development.”
The forum offered a dynamic platform for in-depth and candid discussions on current market landscape’s trends and growth drivers, sectoral challenges, emerging opportunities and transformative megatrends that are redefining economies, reshaping businesses, and influencing the future of societies. Amongst notable discussions was the exploration of the Johor-Singapore Special Economic Zone (JS-SEZ), where speakers analysed how this strategic collaboration could unlock new opportunities, drive economic growth, and foster cross-border partnerships benefiting both regions. The forum also highlighted innovative solutions to rejuvenate and advance the sector, with a particular focus on the Iskandar Puteri region.
In the afternoon sessions, the spotlight turned to unlocking the potential of robust Johor-Singapore Special Economic Zone (JS-SEZ) Framework and increasing foreign investment as powerful catalysts for real estate expansion. Industry leaders also delved into how UEM Sunrise and other developers can leverage on these strategic partnerships to fuel collaboration and encourage transformative sectoral growth. Turning these insights into action requires a concerted effort from policymakers, regulators, and industry players to implement the necessary changes that will drive real estate transformation.
The "Form to FUTURE" forum reinforced UEM Sunrise's bold commitment to reshaping the real estate landscape through sustainability and equitable community living. By laying the groundwork for continued innovation and forward-thinking collaboration, this forum positions Malaysia as a global leader in the future of real estate, driving progress that transcends borders and generations.
FADILLAH YUSOF SEMPURNAKAN MAJLIS PELANCARAN STESEN JANA KUASA TURBIN GAS KITARAN TERBUKA 90MW NUR POWER SDN BHD DI TAMAN TEKNOLOGI TINGGI KULIM
MAJLIS TERSEBUT TURUT MENYAKSIKAN PERTUKARAN DOKUMEN PERJANJIAN ANTARA NUR POWER DAN UEM LESTRA
KULIM, KEDAH, 30 Ogos 2024 - YAB Dato’ Sri Haji Fadillah Haji Yusof, Timbalan Perdana Menteri dan Menteri Peralihan Tenaga dan Transformasi Air (PETRA), hari ini telah menyempurnakan upacara Majlis Pelancaran Stesen Jana Kuasa Turbin Gas Kitaran Terbuka 90MW, NUR Power Sdn Bhd di Taman Teknologi Tinggi Kulim (KHTP), di Kedah.
“Pelaburan berskala besar dan berteknologi tinggi seperti Infineon Technologies AG misalnya, hanya dapat direalisasikan dengan adanya bekalan tenaga yang konsisten, stabil dan boleh dipercayai untuk menyokong operasi mereka. Oleh itu, infrastruktur tenaga yang dibekalkan oleh NUR Power telah membolehkan operasi berjalan tanpa gangguan dan memastikan pengeluaran yang lebih cekap” katanya demikian di dalam ucapan pelancaran pada hari ini.
Hadir sama di dalam majlis ini adalah, Menteri Besar Kedah, YAB Dato' Seri Haji Muhammad Sanusi Md Nor dan YB. Dr. Haim Hilman Bin Abdullah, Ahli Majlis Mesyuarat Kerajaan Negeri Kedah (Pegerusi Jawatankuasa Industri & Pelaburan, Pengajian Tinggi dan Sains, Teknologi & Inovasi).
NUR Power yang merupakan sebuah syarikat Utiliti Tenaga Bebas (IPU) pertama negara yang telah diberikan hak menyediakan perkhidmatan di bidang penjanaan, grid dan pembahagian tenaga elektrik eksklusif di KHTP. Terletak di hab lanskap teknologi Asia, KHTP pula berperanan sebagai taman berteknologi tinggi bersepadu yang terkemuka di Malaysia, yang memupuk inovasi dalam pembuatan berintensifkan modal, teknologi termaju dan perintis kepada usaha penyelidikan dan pembangunan.
Melalui turbin gas kitaran terbuka ini, NUR akan menjana kuasa sehingga 90MW, tambahan kepada keupayaan penjanaan sedia ada oleh NUR iaitu sebanyak 220MW. KHTP merekodkan permintaan elektrik yang semakin meningkat sejak tahun 2022, terutamanya oleh permintaan semikonduktor dan solar yang tinggi di seluruh dunia yang menyebabkan beberapa pelanggan sedia ada meningkatkan pengeluaran. Di samping itu, terdapat juga pelanggan sedia ada yang menaik taraf kemudahan sambungan bekalan mereka (daripada sambungan 33kV kepada sambungan 132kV) bagi membolehkan pengambilan tenaga yang lebih tinggi pada tahun-tahun akan datang untuk memenuhi keperluan pengeluaran.
Menyedari hakikat akan pertambahan permintaan tenaga di KHTP, NUR mengambil langkah proaktif melalui pelaburan bersasar dan berteknologi tinggi. NUR turut menjangkakan permintaan elektrik akan mencapai 612MW menjelang akhir tahun 2033 dengan pertumbuhan pesat KHTP, khususnya KHTP Fasa 4 dan tidak lama lagi Fasa 4A (kawasan pembangunan semasa). Sehingga kini, NUR telah melaksanakan pelaburan untuk pelbagai prasarana bagi memenuhi permintaan ini termasuk melalui jana kuasa turbin gas kitaran gabungan 130 MW yang dijangka siap pada tahun 2025, dan ladang utiliti solar Fasa 1 dan Fasa 2 yang akan menjana kuasa berjumlah 100MW yang dijangka masing-masing siap pada tahun 2025 dan 2027.
YAB Dato’ Sri Haji Fadillah turut menzahirkan mengucapkan syabas kepada Pengurusan NUR Power yang telah menjayakan inisiatif ini dalam waktu yang singkat untuk menampung keperluan tenaga selaras dengan pembangunan yang pesat di KHTP. Komitmen dan kepakaran NUR Power seharusnya menjadi contoh bagi syarikat utiliti tenaga lain di dalam menjayakan kepercayaan dan mandat yang telah diberikan oleh Kerajaan. Pada majlis yang sama, YAB Dato’ Sri Haji Fadillah turut menyaksikan upacara pertukaran dokumen perjanjian antara NUR dan UEM Lestra Berhad (UEM Lestra), sebuah anak syarikat milik penuh dan sayap industri hijau UEM Group Berhad (UEM Group), di mana UEM Lestra mengambilalih sehingga 51% kepentingan dalam NUR.
Harman Faiz Habib Muhamad, Ketua Pegawai Eksekutif UEM Lestra berkata penglibatan strategik UEM Lestra selaku syarikat berkaitan Kerajaan menerusi pegangan majoriti ini dibuat bersandarkan kepada potensi penciptaan nilai ketara dan keupayaan operasi NUR yang boleh dikembangkan di masa hadapan.
“Pemilikan kepentingan majoriti dalam NUR ini merupakan sebahagian daripada komitmen RM1.5 bilion yang diperuntukkan UEM Lestra untuk dilaburkan dalam tempoh 24 bulan ke hadapan ke arah dekarbonisasi taman industri di Malaysia. Komitmen ini merupakan salah satu usaha UEM Group bagi merancakkan pelaburan tempatan yang akan menjana peluang pekerjaan di samping menarik lebih banyak pelaburan asing ke negara kita.”
“UEM Lestra berhasrat untuk terus menambahbaik keupayaan dan mengembangkan lagi operasi syarikat tempatan seperti NUR serta bersama mereka dalam merintis jalan ke arah usaha yang lebih menyeluruh menyeluruh bagi memacu dekarbonisasi taman industri bermula di KHTP sebelum dikembangkan ke taman industri lain di Malaysia,” tambah Harman Faiz.
Pengarah Urusan N.U.R Power Sdn Bhd, Ikwan Hafiz bin Jamaludin, menegaskan kesungguhan yang tidak berbelah bahagi NUR dalam menyediakan kuasa elektrik yang berkualiti tinggi, voltan yang stabil, dan boleh dipercayai. Model penjanaan teragih NUR telah terbukti berjaya menarik pelaburan melebihi RM176.7 bilion di KHTP. NUR komited untuk terus mengembangkan kapasiti penjanaan untuk memenuhi permintaan elektrik di KHTP. Ini bagi memastikan kualiti kuasa dikekalkan mengikut piawaian MS 61000-4-34 seperti yang diminta oleh pelanggan terutamanya di dalam industri berteknologi tinggi.
UEM EDGENTA DELIVERS RESILIENT PERFORMANCE IN 1H 2024, ACHIEVES STRATEGIC MILESTONES
KUALA LUMPUR, 29 August – UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).
UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.
A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.
UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.
In Asset Management Services, the company is focused on maintaining its market leadership by advancing Smart and Green Facilities Management, emphasizing cutting-edge technology for efficient and sustainable asset management. Additionally, our strategic acquisition of the Kaizen Group in the UAE, completed in 1H FY2024, further strengthens our market position and drives financial growth through a cohesive integration with our existing operations in the Middle East, which is certain to unlock new business opportunities in the region.
With a robust order book extending beyond 2030, the Infrastructure Services Division enjoys strong earnings visibility. Concurrently, it is broadening its capabilities beyond road maintenance to include areas such as solar photovoltaic system maintenance and expanding its presence in Indonesia’s infrastructure services market. Additionally, the Recycled Asphalt Pavement (RAP) premix plant in Perak is now fully completed and operational, positioning the business within the pavement products value chain.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, “We are committed to optimizing our resources and refining our operational model to enhance efficiency across all levels. Our strong and steadily replenishing order book not only provides clear visibility into long-term earnings and financial stability but also underscores our resilience in navigating market fluctuations.”
“As we advance with our Edgenta of The Future 2025 (EoTF2025) strategies, we are confident that our resilience and focus on both business preservation and growth will empower us to overcome challenges and deliver outstanding performance throughout the year. Our ability to adapt and persevere positions us strongly to meet future demands and achieve sustained success,” he added.
Looking ahead, UEM Edgenta remains committed to exploring new possibilities and advancing industry standards. By steadily integrating innovation and prioritizing sustainable growth, the company continues to create value for its stakeholders while striving to deliver practical and forward-thinking solutions.
UEM SUNRISE Q2024 NET PROFIT ROSE BY 129% TO RM19 MILLION, WITH SALES TARGET ON TRACK
- Achieved RM269.8 million of sales, a 16% rise Quarter-on-Quarter (QoQ) on track to meet the FY2024 target
- Gross Profit Margin improved to 35% for second quarter 2024 (2Q 2024) underpinned by project cost efficiency initiatives
- Healthy cash and bank balances of RM1.2 billion reflecting stronger liquidity position to better support operational needs and cover upcoming debt maturities
- Improved financial position with net gearing of 0.43 times, a 4-point reduction QoQ attributed to recent asset monetisation
- Solid unbilled sales of RM2.7 billion with visibility until 2027
KUALA LUMPUR, August 22, 2024 - UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the second quarter of 2024 (“2Q 2024”) ended 30 June 2024. The Company achieved revenue of RM205.2 million and a Sales achievement of RM269.8 million during this period. Profits for the second quarter surged by 129% to RM18.8 million, up from RM8.2 million in the previous quarter. These improvements indicate progressive revenue trend, a vigorous commitment in inventory clearance and reducing debt, reflecting the company's adaptability and strategic foresight in a fluctuating economic landscape.
Revenue for the second quarter was primarily driven by the property development segment, which accounts for 78% of the total revenue. Progress of key projects such as Residensi Allevia and the MINH in Mont’Kiara, and KAIA Heights in Seri Kembangan for the Central region, along with Senadi Hills and Aspira Gardens in Iskandar Puteri in Southern recorded higher revenue recognition in the quarter under review. Flagship projects totalling over RM2 billion launched in 2023 are still in the early stages of development, which will significantly bolster the Company’s unbilled sales and provide strong revenue visibility moving forward.
For the first half of 2024 (“1H 2024”), the Company’s revenue stood at RM430.2 million, a decline of 29% from the same period last year. The decrease is primarily due to lower recognition from projects such as Residensi Astrea in Mont’Kiara and Serene Heights in Semenyih as they have progressed into their advanced stages in the same period last year. Sales achieved amounted to RM502.4 million, reaching half of the fiscal year 2024's Sales Target of RM1.0 billion. This performance was driven by the positive response to our CLUB-series product; The MINH in Mont’Kiara, and RISE-series products; The Connaught One in Cheras, and Senadi Hills in Iskandar Puteri.
The Company has successfully doubled its Profit After Tax and Non-Controlling Interest (“PATANCI”) in 2Q 2024 to RM18.8 million. The sequential growth was mainly attributed to cost management, as well as focus on its core activities coupled with opportunistic sales. The conclusion of the final phase of share disposal in its associate company, Aura Muhibah Sdn Bhd, brought in proceeds of RM386.2 million during the quarter, which contributed to the period's earnings.
PATANCI for 1H 2024 moderated by 33% to RM27.0 million compared to the same period last year. The decline aligns with the lower topline performance, and partially mitigated by reduced net finance costs and higher share of results from joint ventures and associates.
Healthy Cash and Bank Balances and Sustained Unbilled Sales
The Company boasts a robust short-term liquidity position, with RM1.2 billion in cash and bank balances, an indicator of its solid financial management. Its net gearing ratio reduced to 0.43x, with a 4-point improvement QoQ, underlining healthy financial headroom for investment and growth. Additionally, with an unbilled sales of RM2.7 billion, the Company is assured with a steady revenue stream and cashflow visibility for the foreseeable future.
Chief Executive Officer Sufian Abdullah commented, "Our first-half financial results highlights our commitment to delivering sustained revenue and profitability momentum, even in a challenging and dynamic market. We are confident in our ability to continue delivering value to our stakeholders while reinforcing our position as a market leader in the sector."
Operational Progress and Outlook
The Company is committed in delivering a disciplined launch schedule, recently introducing the Senadi Hills Rumah Mampu Biaya Johor-C Development and Aspira LakeHomes Phases 4 and 6, with a Gross Development Value ("GDV”) of RM20 million and RM108 million, respectively. Both developments were launched in July 2024, with unit prices ranging from RM150,000 to an average of RM800,000, reflecting the Company's dedication to providing housing options that are both affordable and within reach for the masses. These new projects are anticipated to have a favourable impact on the company's sales trends and contribute to its potential for expansion.
The collaborative effort established with LOGOS to create a state-of-the-art data centre campus spanning 30-hectare in Gerbang Nusajaya, Johor is progressing well with both entities working towards finalising a definitive agreement by the close of 2024. This long-term partnership highlights the Company's efforts in capitalising on its vast landbank in Iskandar Malaysia, and actively seeking synergies and opportunities to develop the Industrial segment.
UEM Sunrise is also making strides in its international expansion, with the Development Application for a residential development in Subiaco East, Perth, Western Australia submitted on 27 May 2024. This development will feature approximately 340 apartment units, with a GDV of AUD450 million (RM1.3 billion).
Looking ahead, the Company remains focused on its 2024 priorities in core activities and property investment, continually exploring growth opportunities. With robust financial position and solid flexibility, UEM Sunrise is well-positioned to ensure operational stability, while enhancing our capacity to invest in future growth opportunities.
PLUS ZAHIR KOMITMEN TERHADAP PEMELIHARAAN ALAM SEKITAR
Petaling Jaya, 16 Ogos 2024:- PLUS Malaysia Berhad (PLUS) menzahirkan komitmen terhadap agenda kelestarian dan pemeliharaan alam sekitar apabila sehingga kini PLUS turut menjaga lebih kurang 270,000 pokok termasuk 250,000 kaki persegi tumbuhan renek di sepanjang lebuh raya kendaliannya.
Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar, menyatakan bahawa misi PLUS adalah menghubungkan komuniti untuk mencorakkan masa hadapan yang selamat dan lestari, dengan komitmen untuk menyokong aspirasi dan rancangan kelestarian negara melalui operasi lebuh raya yang peka terhadap penjagaan alam sekitar, bertanggungjawab terhadap keperluan sosial serta menegakkan nilai tadbir urus yang baik.
Beliau berkata, “Usaha pemeliharaan alam sekitar PLUS bertujuan memberi pendekatan aktif bagi mengurangkan pelepasan gas rumah hijau dan jejak alam sekitar. Inisiatif kami memanfaatkan teknologi hijau, kecekapan tenaga dan tenaga boleh diperbaharui yang merangkumi pengubahsuaian lebih 37,000 lampu LED sepanjang lebuh raya dan pemasangan sistem PV solar di pejabat dan fasiliti kami. Usaha-usaha ini telah berjaya mengurangkan pelepasan gas rumah hijau sebanyak 27 peratus berbanding garis dasar 2017.”
“Lebuhraya PLUS juga menghubungkan pelbagai destinasi ekopelancongan yang menarik dalam negara. Oleh itu, saya menggalakkan orang ramai mengambil peluang ini untuk melancong di dalam negara kita yang kaya dengan khazanah alam semula jadi,” tambah beliau.
Baru-baru ini, PLUS turut menganjurkan program Pemuliharaan Hutan dan Kesedaran Alam Sekitar yang menampilkan pelbagai agensi yang berkaitan. Program tersebut menampilkan hasil penyelidikan mengenai perhutanan tropika oleh Institut Penyelidikan Perhutanan Malaysia (FRIM), inisiatif pemuliharaan hidupan liar oleh Jabatan Perlindungan Hidupan Liar dan Taman Negara (PERHILITAN), pameran pertanian bandar oleh perusahaan sosial Eats, Shoots & Roots, kesedaran mengenai sifat penyembuhan tumbuh-tumbuhan oleh Little Eden Succulents yang diterajui oleh usahawan wanita, dan pemeliharaan seni dan kraf tangan berasaskan alam semula jadi oleh Global Environment Centre (GEC) dan Pertubuhan Sahabat Gambut Asli Temuan (SGAT).
Pengisian utama program ini ialah sesi interaksi dan perkongsian antara Bahagian Biodiversiti Hutan FRIM dan warga kerja PLUS dalam meningkatkan kesedaran mengenai pemuliharaan hidupan liar, kepentingan dan cabaran dalam melindungi biodiversiti Malaysia, serta mengenal pasti peluang untuk berkolaborasi.
PLUS sentiasa komited terhadap pengurusan alam sekitar yang baik dan menyokong pembangunan kelestarian negara.
UEM LESTRA SETS ASIDE RM1.5 BILLION FOR INDUSTRIAL DECARBONISATION
KUALA LUMPUR, 14 August 2024 – UEM Lestra Berhad (UEM Lestra), a wholly-owned subsidiary and the green industry arm of UEM Group Berhad (UEM Group), has set aside RM1.5 billion which it aims to deploy in the next 24 months, investing in decarbonising Malaysia’s industrial parks.
This was revealed by Datuk Amran Hafiz Affifudin, Managing Director of UEM Group and Chairman of UEM Lestra who said that the move is part of UEM Group’s agenda to spur domestic direct investment (DDI), which will lead to job creation and attract foreign direct investment (FDI) to Malaysia.
“Operating in a sustainable industrial park is one of the top priorities for foreign investors, especially manufacturers. We need to ramp up our efforts to explore setting up new sustainable industrial parks and at the same time decarbonise existing ones by upgrading current infrastructure via innovative technologies and methodologies that can be integrated into existing operations.
“This could potentially involve the integration of renewable energy sources, such as solar and the implementation of other advanced energy management systems and technology to optimise consumption patterns.
"Investors are hungry for zero-emission operations. As Malaysia continues to attract significant FDI, initiatives such as the decarbonisation of industrial parks are expected to boost local economy, drive sustainable growth and position Malaysia as a key global player,” added Datuk Amran.
UEM Lestra aims to be at the forefront of these efforts, driving the transition towards a sustainable economy and leading the response to climate change, in line with Malaysia’s aspiration of achieving net zero carbon emission by 2050.
Plans for a new Renewable Energy (RE) industrial park are already in the works. In July 2023, UEM Lestra, in collaboration with local and international partners, announced that it is pioneering the development of one (1) gigawatt (GW) hybrid solar photovoltaic power plant integrated with a RE industrial park in Malaysia – a project that is part of a flagship initiative of the National Energy Transition Roadmap (NETR).
According to Harman Faiz Habib Muhamad, Chief Executive Officer of UEM Lestra, the Company is looking at expanding its green assets and operations through strategic partnerships as well as via a direct and active ownership. It plans to nurture domestic green champions such as Cenergi SEA Berhad, which it acquired last year.
“Over the long term, we plan to establish a competitive green platform in key energy sectors and emerging growth areas, such as renewables and storage infrastructure, integrated energy solutions, green and electric mobility, as well as waste management and recycling. These initiatives will be funded through our overall RM7 billion sustainable and responsible investment (SRI) sukuk programme.”
"We are committed to reducing environmental impacts through strategic clean energy efforts. Our focus on sustainability extends beyond reducing emissions to fostering a new way of thinking that prioritises circular economy models and resource efficiency for the benefit of both the economy and the environment,” added Harman.
DATUK HISHAM HAMDAN IS UEM GROUP’S NEW CHAIRMAN, DATUK AMRAN HAFIZ AFFIFUDIN AS ITS MANAGING DIRECTOR
KUALA LUMPUR, 1 August 2024 – UEM Group Berhad (UEM Group), a wholly-owned subsidiary of Khazanah Nasional Berhad (Khazanah), has named Datuk Hisham Hamdan as the Company’s Chairman and Datuk Amran Hafiz Affifudin as its new Managing Director (MD), effective immediately (1 August 2024).
The change in leadership at UEM Group follows the departure of Dato’ Mohd Izani Ghani who stepped down as MD on 31 July 2024 after five years of service, since 2019.
Datuk Hisham, who joined Khazanah in April 2011, is currently its Chief Investment Officer and is responsible for managing and growing Khazanah’s multi-mandate and multi-asset portfolio. Since 2018, he has served as Head of Public Markets in Khazanah, which has a mandate to invest in more than 10 countries worldwide across Developed Markets and Emerging Markets underpinned by systematic and quantamental investment strategies. Prior to Public Markets, he was responsible for the Auto, Agrifood and Iskandar Malaysia in Khazanah’s portfolio and served as Executive Director of Research. Additionally, he has served as Chairman of UDA Holdings Berhad as well as a board member of Iskandar Investment Berhad.
With over 30 years of experience across a variety of corporate structures (portfolio, conglomerate, and business unit), Datuk Hisham also serves as the Chairman of UEM Sunrise Berhad and the Board of Trustees of Khazanah Research Institute (KRI). Before joining Khazanah in 2011, he was Head of Strategy at Sime Darby and subsequently served as EVP of Sime Darby’s businesses in the healthcare and utility sectors as well as in China. Datuk Hisham spent the first 12 years of his career as an equity analyst and investment banker. He holds dual degrees in Chemical Engineering and Industrial Management from Purdue University, United States and has also completed the Harvard Business School’s Advanced Management Programme.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said, “Datuk Hisham’s appointment as Chairman signals the importance of UEM Group to Khazanah in executing our strategy of Advancing Malaysia. As CIO of Khazanah and Chairman of UEM Group, he will play a key role in ensuring seamless coordination between the two organisations. With his vast experience and proven leadership, Datuk Hisham will lead the Board and guide the Management of UEM Group in achieving its strategic and financial goals.”
Prior to this appointment, Datuk Amran was UEM Group’s Chairman and served as Khazanah’s Executive Director, Head of Malaysian investments. He has over 27 years of experience and was responsible for Khazanah’s investments in various sectors including Energy, Iskandar, Leisure & Tourism, Infrastructure, Power, Agrifood, Indonesia and Sustainable Development.
Datuk Amran’s career began in 1997 with PETRONAS in corporate finance and treasury functions. He then transitioned to the private equity industry before joining Khazanah in 2011. He holds a B.Sc. in Commerce, majoring in Accounting & Finance from the Mclntire School of Commerce at the University of Virginia, Charlottesville, USA.
“As Managing Director of the flagship infrastructure arm of Khazanah, Datuk Amran will lead Khazanah’s domestic investment agenda in the infrastructure space. He will spearhead UEM Group’s growth and expansion in areas such as renewable energy, in line with Khazanah’s emphasis on accelerating the decarbonisation of cities and industrial parks and continue to prioritise value creation initiatives amongst UEM Group’s subsidiaries,” said Amirul Feisal.
Dato’ Amirul Feisal also expressed his gratitude to Dato’ Mohd Izani, “He has been exemplary in his service to UEM Group and I would like to place on record my appreciation for his contribution to the Company.”
UEM EDGENTA AND ISKANDAR INVESTMENT BERHAD FORMALISE COLLABORATION ON THE ADVANCEMENT OF SUSTAINABLE DEVELOPMENT IN MEDINI
KUALA LUMPUR, 4 July 2024 – UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company, has formalised a Memorandum of Business Exploration (MOBE) with Iskandar Investment Berhad (IIB) to advance sustainability, energy efficiency, and carbon emission reduction to meet IIB’s Net Zero goals in Medini, Johor.
The MOBE documents were exchanged between the organizations, represented by Syahrunizam Samsudin, Managing Director and CEO of UEM Edgenta, and Dato' Idzham Mohd Hashim, President and CEO of IIB, in the presence of senior representatives from both entities. This collaboration is expected to positively impact future developments in the Iskandar region by integrating UEM Edgenta’s advanced energy efficiency solutions for the development of a sustainable built environment, hyper-connected city technologies, and infrastructure over the next two years.
Under the MOBE, UEM Edgenta will provide IIB with the necessary support to explore opportunities for achieving Net Zero Buildings through energy efficiency, on-site renewable energy, energy audits, and retrofitting buildings to meet green standards. The partnership also focuses on Zero Capex programmes for energy efficiency and integrated monitoring systems for energy performance and carbon emissions.
In addition, UEM Edgenta will support the implementation of sustainable and hyper-connected city development through this collaboration. This initiative involves environmentally conscious urban planning using smart technologies, establishing Renewable Energy Zones, and deploying Battery Energy Storage Systems. Additionally, a Net Zero City Technology Roadmap will be developed, featuring digital twins for urban modeling, predictive maintenance, and smart facility management systems. All efforts will align with sustainability best practices.
The collaboration will also extend to infrastructure development, where UEM Edgenta will provide engineering and project management expertise aiming to provide property owners and township developers with long-term value that meets their net zero aspirations and ambitions. Simultaneously, this partnership aims to support IIB's efforts to enhance sustainability best practices in the real estate sector, aligning with IIB's Net Zero Vision.
Dato' Idzham Mohd Hashim, President and Chief Executive Officer of IIB, shared, “The partnership with UEM Edgenta aligns perfectly with our vision to establish the region’s first net zero CBD, centering on digitalisation, innovation, and Global Business Services. By focusing on achieving net zero buildings, integrating intelligent urban technologies, and advancing renewable energy adoption, we are committed to exploring transformative sustainable solutions. Together with UEM Edgenta’s expertise, we aim to set new standards in energy efficiency and green building practices, targeting 90% Green Certified Buildings by 2040. We are confident that this collaboration will pave the way for a resilient and sustainable future in Medini, Johor.”
Syahrunizam Samsudin, Managing Director and CEO of UEM Edgenta, emphasised the crucial role of sustainability in today's corporate strategies. “As sustainability and ESG principles become increasingly central to corporate agendas, UEM Edgenta serves as a transformative force. Over three decades in Malaysia, our sustainability initiatives have not only delivered significant cost savings but also enhanced performance and increased asset value for our clients. Our results speak for themselves: clients have realised up to a 52% reduction in electrical energy use, saving over RM100 million cumulatively, and our efforts have led to carbon emission reductions exceeding 31,200 tCO2. In light of this shift towards sustainability, we urge more Malaysian companies to adopt green practices, paving the way for a resilient and environmentally sustainable future.”
“Hence, the collaboration between UEM Edgenta and IIB is expected to positively impact future developments by integrating advanced energy transition solutions, enhancing sustainability practices, and ensuring that all new and existing projects align with IIB’s Net Zero goals. We also believe that this partnership will benefit both organizations by fostering a collaborative environment, sharing knowledge and expertise, and opening opportunities for future ventures and sustainable projects,” added Syahrunizam.
The MOBE will be implemented by UEM Edgenta through OPUS Consultants, Edgenta Property & Facilities Solutions (PFS), and Edgenta NXT. These subsidiaries will collaboratively deliver advanced energy transition solutions and hyper-connected city technologies. OPUS will lead the engineering and consultancy services, ensuring robust infrastructure development and optimisation; PFS will focus on implementing energy efficiency programmes and retrofitting buildings to meet green standards, while Edgenta NXT will deploy digital and technological solutions to support Net Zero Hyper-connected city objectives. Together, they will drive the initiatives outlined in the MOBE, fostering sustainable growth and contributing to the realisation of a net zero CBD in Medini.
The signing of the MOBE between UEM Edgenta and IIB marks a significant milestone in their journey towards sustainable development and energy transition, leveraging UEM Edgenta’s expertise to create impactful solutions for a greener, more resilient future.
For further information on UEM Edgenta and its sustainability journey, visit https://www.uemedgenta.com/.
PLUS JALIN KERJASAMA STRATEGIK BERSAMA PETRONAS DAGANGAN BERHAD UNTUK MEMBANGUNKAN STESEN SUPER HIBRID PERTAMA DI LEBUH RAYA MALAYSIA
PETALING JAYA, 2 Julai 2024: PLUS Malaysia Berhad (PLUS) telah menandatangani Memorandum Persefahaman dengan PETRONAS Dagangan Berhad untuk menjalinkan kerjasama membangunkan stesen hibrid komersial yang pertama di lebuh raya Malaysia. Kerjasama keduadua pendahulu industri lebuh raya dan sektor peruncitan tenaga bakal menyaksikan pembukaan Stesen Super Hibrid atau ‘Hybrid Super Station’ yang pertama. Ia akan menjadi penanda aras perkhidmatan lebuh raya di negara ini dan memberikan lebih keselesaan dan pilihan kepada pengguna.
Ketua Setiausaha Kementerian Kerja Raya Malaysia, Datuk Seri Haji Hasnol Zam Zam Haji Ahmad yang hadir bagi menyaksikan majlis menandatangani memorandum yang diadakan baru-baru ini menyatakan sokongan Kerajaan terhadap kolaborasi strategik ini. “Kerjasama strategik PLUS dan PETRONAS Dagangan ini merupakan salah satu projek berimpak tinggi yang memberi manfaat kepada kesejahteraan rakyat, khususnya pengguna lebuh raya. Dengan wujudnya Stesen Super Hibrid, rakyat yang menggunakan lebuh raya bakal menikmati perjalanan yang lebih selesa dengan pelbagai pilihan sepanjang perjalanan mereka. Kerjasama di antara PLUS dan PETRONAS Dagangan adalah selari dengan konsep MADANI yang boleh membantu menggalakkan ekonomi negara dan mewujudkan peluang-peluang pekerjaan kepada rakyat.”
Turut hadir menyaksikan majlis ini ialah Timbalan Ketua Setiausaha Kementerian Kerja Raya Malaysia, Dato’ Zahrul Hakim Abdullah, Pengerusi PLUS, Dato’ Mohamed Nasir Ab Latif, Naib Presiden Eksekutif dan Ketua Pegawai Eksekutif Hiliran PETRONAS, Datuk Sazali Hamzah, Pengarah Pemantauan Operasi, Lembaga Lebuhraya Malaysia, Ir. Mohd Shahrir Amin Ahmad, pegawai-pegawai kanan Kementerian Kerja Raya Malaysia, Lembaga Lebuhraya Malaysia, PLUS dan PETRONAS Dagangan.
Stesen Super Hibrid yang bakal diwujudkan di lebuh raya ini menyediakan perkhidmatan mobiliti menyeluruh seperti stesen petrol dan diesel berskala besar termasuklah stesen pengecasan pantas (DCFC) untuk pengguna kenderaan elektrik (EV). Selain itu, ia turut menyediakan kemudahankemudahan awam yang lebih selesa, perkhidmatan runcit serta ruang makanan seperti gerai makan, kafe, restoran dan sebagainya.
Pembangunan stesen hibrid ini juga memberi penekanan terhadap kelestarian menerusi reka bentuk bangunan yang efisien tenaga hingga ke penyertaan ruang hijau dan sumber tenaga yang boleh diperbaharui. Sebagai salah satu mercu mercu tanda terbaharu di lebuh raya, stesen hibrid ini bakal menjadi destinasi tersendiri dan menawarkan pengalaman perjalanan yang lebih baik.
Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar berkata, “Sebagai pengendali lebuh raya utama di Malaysia dan rakan strategik negara, PLUS komited untuk menghubungkan komuniti bagi mencorakkan masa hadapan yang selamat dan lestari. PLUS dengan sokongan Kementerian Kerja Raya (KKR), Lembaga Lebuhraya Malaysia (LLM) dan pemain industri utama memainkan peranan dalam mengintegrasikan prinsip inovatif dalam operasi kami untuk membangunkan ekosistem lebuh raya pintar dan lestari.”
“Pembangunan Stesen Super Hibrid ini akan memacu pelaksanaan Pelan Pembangunan Mobiliti Rendah Karbon negara. Selain itu, penyediaan stesen hibrid ini juga dapat memperluaskan kemudahan perkhidmatan mobiliti kami bagi menambahbaik pengalaman pengguna lebuh raya, di samping memberi peluang kepada mereka untuk menikmati amalan kelestarian sepanjang perjalanan mereka.”
Dengan menggabungkan kepakaran dan sumber kedua-dua pihak, ia boleh membantu untuk meningkatkan tahap perkhidmatan dan kemudahan kepada pengguna lebuh raya dengan lebih efisien. Pembangunan stesen hibrid ini juga menandakan satu pencapaian penting bagi menyediakan infrastruktur yang lebih lestari dan berfokus kepada pengalaman perjalanan pengguna yang lebih baik sepanjang Lebuhraya PLUS.
Mengulas tentang kerjasama ini, Pengarah Urusan dan Ketua Pegawai Eksekutif PETRONAS Dagangan, Azrul Osman Rani berkata, “Di PETRONAS Dagangan, kami sentiasa meneroka peluang untuk menambah baik pengalaman pelanggan selari dengan komitmen syarikat untuk menjadikan kehidupan lebih mudah dan bermanfaat. Setiap touch point Stesen Super Hibrid ini akan direka bentuk dengan mengambil kira trend serta keperluan pelanggan. Kami yakin kolaborasi antara PETRONAS Dagangan dan PLUS akan meningkatkan keselesaan, kemudahan dan inovasi berfokuskan pelanggan, yang akan mengubah pengalaman pelanggan di lebuh raya.”
Lembah Klang telah dikenalpasti sebagai lokasi perintis untuk pembangunan fasiliti hibrid ini. Dengan keluasan lebih daripada 30,000 kaki persegi, ia mensasarkan pembangunan untuk menyediakan fasiliti yang lengkap dan selesa kepada pengguna lebuh raya. Kejayaan projek ini berpotensi membuka ruang untuk pengembangan perkhidmatan lebih meluas di seluruh negara.
Secara keseluruhan, fasiliti stesen hibrid baru ini bakal memberi nafas baharu kepada konsep stesen minyak, mengintegrasikan perkhidmatan bahan api yang menyeluruh termasuk EV, kemudahan awam yang selesa, pilihan runcit serta makanan dan minuman yang lebih meluas, serta pendekatan amalan lestari yang lebih hijau.
UEM EDGENTA BERHAD FEATURED IN INAUGURAL FORTUNE SOUTHEAST ASIA 500
KUALA LUMPUR, 20 June – UEM Edgenta Berhad (UEM Edgenta) is proud to announce its inclusion in the inaugural Fortune Southeast Asia 500 list, highlighting the company's significant growth and contribution in the region. Recognized among the region's largest companies by revenue, this achievement reflects our strong growth performance and regional presence. This list ranks the largest companies from seven Southeast Asian nations by revenue for the fiscal year 2023, acknowledging the region being one of the most dynamic and fast-growing one in the global economy.
The minimum revenue threshold for inclusion was US$460.8 million. The ranking include companies from six other Southeast Asian nations alongside Malaysia: Indonesia, Thailand, Singapore, Vietnam, the Philippines, and Cambodia. Indonesia leads with 110 companies, followed by Thailand with 107, Malaysia with 89 and Singapore with 84. Vietnam is home to 70 companies, while the Philippines and Cambodia have 38 and two companies on the list, respectively.
In the Diversified Outsourcing Services industry category, only five companies in the region made it to the list, of which UEM Edgenta is one of them. Among the 89 Malaysian companies, UEM Edgenta came in at 65th by revenue, 72nd and 74th based on assets and profitability respectively. With its inclusion in the Fortune Southeast Asia 500 list, UEM Edgenta now joins an elite group of firms recognized under the Fortune 500 franchise, which includes the original Fortune 500, the Fortune Global 500, the Fortune Europe 500, and the Fortune China 500.
“We’re incredibly proud to be part of the Fortune Southeast Asia 500 inaugural list. This recognition is a significant affirmation of our position as the leading regional asset management and infrastructure solutions player. The successful execution of our regional growth strategy is anchored on our globally recognised service quality and delivery, complemented by the disciplined investment approach through multi-partnership strategy. This achievement underscores our commitment to delivering long-term value for our shareholders and reinforces our position as a leader in the industry,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
PLUS HIGHWAY WIDENING PROJECT FROM SEDENAK TO SENAI (UTARA) TO COMMENCE 28 JUNE 2024
Petaling Jaya, 20 June 2024: PLUS Malaysia Berhad (PLUS) today announced that the construction project for an additional lane from Sedenak to Kulai (Package A) will be implemented over 36 months will commence from 28 June 2024.
The project is part of Phase 1 of the Sedenak to Senai (Utara) highway expansion project that was previously announced. The contract for the work has been awarded to a local contractor, WCT Berhad after undergoing an open tender process. The project, which will expand the highway from two lanes to three lanes, is expected to help highway users traveling along this stretch to enjoy smoother journeys in the future.
The construction of the additional lanes spanning 14 kilometers between Sedenak to Kulai, is expected to benefit almost 90,000 daily users. The initial works will not affect flow of traffic on the highway as the two pre-existing lanes on both bounds will remain open for highway users. PLUS will also issue public announcements from time to time on the latest progress of the project through its social media channels.
Overall, the construction of these additional lanes is fully funded by the Government of Malaysia in line with Malaysia MADANI core values for national economic prosperity. This project is expected to be a catalyst for socio-economic development in surrounding areas such as Sedenak, Kulai, Senai, Iskandar Malaysia, and Pagoh.
TH PLANTATIONS FORMS PARTNERSHIP WITH CENERGI FOR FIRST BIOGAS POWER PLANT IN KLUANG, JOHOR
Kuala Lumpur, 13 June 2024 - TH Plantations Berhad (THP), the plantation arm of Lembaga Tabung Haji, has announced a strategic partnership with Cenergi SEA Berhad (Cenergi), a subsidiary of UEM Lestra Berhad, to develop, construct, and operate a 1.2-megawatt (1.2MW) biogas power plant in Kluang, Johor Darul Ta’zim. The project will be executed through a joint venture between THP Applications & Services Sdn Bhd and Cenergi RE Sdn Bhd.
Scheduled to commence operations in 2026, the biogas power plant is set to generate enough electricity to power up to 1,500 homes annually. In term of environmental impact, this biogas power plant could help avoid approximately 20,000 tons of carbon emissions annually, which is equivalent to 4,760 cars driven in a year.
THP CEO, Encik Mohamed Zainurin bin Mohamed Zain, highlighted the significance of the project during the signing ceremony at Lembaga Tabung Haji Headquarters, Menara Tabung Haji. He stated, "At THP, we are always looking for ways to enhance Tabung Haji's investment value while prioritizing environmental sustainability."
The signing ceremony was attended by representatives from both organizations, including THP board member Dr. Shahril Simon, and Cenergi board members.
Cenergi's Group CEO, Encik Hairol Azizi Tajudin, expressed his enthusiasm for the collaboration, stating, "We're honoured to join THP on its sustainability journey. This partnership reflects our commitment towards innovative solutions that benefit the environment and economy. We're excited to support THP in integrating green technology into its operations."
Mohamed Zainurin further explained that the project aligns with THP's Al-Falah 22/22 strategies, aimed at optimizing the treatment of palm oil mill effluent and reducing greenhouse gas emissions. The introduction of green technology initiatives will enhance the existing factory treatment system without causing environmental harm.
He added, "Renewable Energy (RE) is poised to play an increasingly significant role in Malaysia's electricity generation, given the abundance of biomass and biogas resources. THP is committed to exploring opportunities to become a reliable supplier of bio-stock for the RE industry.
UEM SUNRISE SUPPORTS THE DEMAND FOR DATA CENTRE THROUGH DISPOSAL OF LAND IN EAST LEDANG, ISKANDAR PUTERI JOHOR
KUALA LUMPUR, 11 June 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today, through its wholly-owned subsidiaries, UEM Land Berhad (UEML) and Nusajaya Rise Sdn. Bhd. (“NRSB”), have entered a conditional Sale and Purchase Agreement (“SPA”) with a leading global data centre industry player for the disposal of two parcels of freehold land in Iskandar Puteri, Johor, for a cash consideration of approximately RM144.9 million. This initiative underscores the Company’s commitment in supporting the burgeoning demand for data centres, whilst tactically positioning itself at the core of digital infrastructure growth through strategic land monetisation.
Located in East Ledang, Iskandar Puteri, the freehold lands in the Mukim of Pulai, Johor Bahru measuring approximately 11.7 hectares (28.9 acres) in total, will be developed for the construction of a data centre and is expected to feature cutting-edge technologies. Recognising the State’s potential as Malaysia’s primary data centre market, the proposed development aligns with the Johor Sustainable Development Plan 2030, aimed at bolstering the nation’s digital economy in adoption of a robust digital infrastructure.
UEM Sunrise Chief Executive Officer Sufian Abdullah said, “Building on a prior Memorandum of Understanding (“MoU”) signed in May with LOGOS Infrastructure Holdco Pte Ltd. to develop a data center campus in Gerbang Nusajaya, this strategic land divestment reaffirms our dedication to supporting Johor's data centre ecosystem, ultimately addressing the global demand for data solutions”.
“Our southern landbanks being strategically positioned next to Singapore, shall benefit from the growing investments in Iskandar Puteri Johor, as well as spillover effects for demand on our residential and commercial spaces. As we re-evaluate our remaining landbank potential, this divestment and monetisation strategy sets the groundwork for substantial technological, economic and community advancements in Johor,” he added.
UEM LESTRA, BLUELEAF ENERGY AND ITRAMAS SIGN AGREEMENT TO DEVELOP 500 MW HYBRID SOLAR POWER PLANT
KUALA LUMPUR, 5 June 2024 – UEM Group Berhad (UEM Group) through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra), earlier today signed an agreement to develop a 500-megawatt (500 MW) hybrid solar power plant with Blueleaf Energy, a leading green renewable energy platform, and ITRAMAS Corporation Sdn Bhd (ITRAMAS).
This will be the second such project to be developed by UEM Lestra and its partners as part of the one-gigawatt (1 GW) hybrid solar power plant flagship venture under the National Energy Transition Roadmap (NETR) announced by the Malaysian Government back in July 2023.
UEM Lestra, through their partnership with Blueleaf Energy, a Macquarie Asset Management portfolio company, and ITRAMAS, has made significant strides in the development of the one-gigawatt (1GW) hybrid solar power plant including site identification, strategic offtake and commercialization partnership discussions, and technical project specifications. The parties will work together with the government on the details of the third-party access (TPA) framework that will be required for the project to move to the execution phase.
Following the signing of the MoU in July of 2023, the following agreements were signed today which will see the companies working together to develop the 500 MW hybrid solar power plant. The first, a shareholders’ agreement signed by UEM Lestra and Blueleaf Energy, establishes a joint venture company named Lestra Blueleaf JV Sdn Bhd (Lestra Blueleaf JV), with 51% ownership by UEM Lestra and the remaining 49% by Blueleaf Energy.
The second is a technical partner agreement signed between the Lestra Blueleaf JV and ITRAMAS which will see the latter provide technical services in developing a complete EPCC (Engineering, Procurement, Construction and Commissioning) package.
Present and signing on behalf of UEM Lestra were its Acting Chief Executive Officer, Harman Faiz Habib Muhamad and Nor Hafifi Jalal, General Manager of Business Development. Blueleaf Energy was represented by its Chief Executive Officer, Raghuram Natarajan and Head of Strategy & Planning, Scott Griffiths. Meanwhile ITRAMAS was represented by its Managing Director, Lee Choo Boo and Chairman, Datuk Khairuddin Ibrahim.
On hand to witness the signing were Dato’ Mohd Izani Ghani, Managing Director of UEM Group and Chairman of UEM Lestra, Nik Hadi Nik Mahmood, Malaysia Country Head of Macquarie Group, and Tunku Hammam Tunku Sulong, Executive Director of ITRAMAS.
Dato’ Mohd Izani said, “In less than a year of us signing the MoU, we have agreed on all of the terms and signed all of the necessary agreements. This shows the commitment and dedication of all parties involved in realising the ambitious 1 GW hybrid solar power plant venture.”
“The collaboration between both domestic and foreign entities in this project allows us to leverage on the strategic complementarities and generate the momentum in driving forward Malaysia’s energy transition agenda. All hands are now on deck to attain the necessary endorsements from the relevant authorities and at the same time continue to secure potential off-takers, which to date have been very encouraging,” added Dato’ Mohd Izani.
Raghuram Natarajan, CEO of Blueleaf Energy, commented, “Blueleaf Energy is excited to be achieving this important milestone with our esteemed partners on this flagship project under NETR. Together with other NETR initiatives, this project is poised to enhance green economic activity, create local supply chain ecosystems, and propel Malaysia to become a leader in ASEAN’s decarbonization efforts and energy transition. We look forward to positively contributing towards Malaysia achieving its renewable energy targets and accelerating its net-zero journey.
ITRAMAS’ Lee Choo Boo echoed the sentiment, "Today's agreement marks a pivotal advancement in our collaboration to implement the 1GW hybrid solar power plant under Malaysia's NETR. At ITRAMAS, we are dedicated to contributing our expertise in solar technology and EPCC services to ensure the successful implementation of this project. This venture not only demonstrates our capability in renewable energy infrastructure but also strengthens Malaysia's position as a leader in sustainable energy. We are proud to partner with UEM Lestra and Blueleaf Energy, working together to harness the potential of solar technology for a greener future."
UEM SUNRISE PENS MOU WITH LOGOS TO ESTABLISH WORLD CLASS DATA CENTRE CAMPUS IN GERBANG NUSAJAYA, JOHOR
KUALA LUMPUR, 31 MAY 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has inked a Memorandum of Understanding (“MoU”) with LOGOS Infrastructure Holdco Pte Ltd (“LOGOS”) to exclusively explore the opportunity in developing a best-in-class and innovative data centre campus in Gerbang Nusajaya, Johor.
A closed signing ceremony held in Singapore today witnessed by key representatives from Malaysian Investment and Development Authority (“MIDA”), signifies the beginning of a promising partnership that is set to elevate digital and high-technology industries in the state, leveraging Iskandar Malaysia's exceptional geographic advantage.
The signing of the MoU follows a meeting between UEM Sunrise, LOGOS and YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (“MITI”) in Melbourne, Australia in March 2024. The proposal to establish the data centre campus received full support from both MITI and MIDA, as it supports the objectives of Government’s Madani Economic Framework, particularly the New Industrial Master Plan 2030 (NIMP) which focuses on creating a skilled workforce and advancing the digital economy sector.
The proposed data centre campus development will be strategically located on a 30-hectare site in Gerbang Nusajaya, Johor, and is planned to offer a development potential of up to 360 MW of capacity. UEM Sunrise is committed to working with LOGOS in exploring collaboration in areas including end-to-end construction management, technical work, and assisting in Government-related process such as licensing applications and securing state approvals.
UEM Sunrise Chief Executive Officer Sufian Abdullah said, "We are capitalising on our vast landbank in Iskandar Malaysia, and actively seek synergies and opportunities to develop our Industrial segment. We are committed in establishing the proposed data center campus together with LOGOS, and confident of its role as a catalyst to Johor’s economic growth."
LOGOS Head of Data Centres Paul Dwyer said, “Johor Bahru's strategic location near Singapore, coupled with Malaysia's robust digital infrastructure plans and strong government support, makes it a prime hub for the burgeoning data centre sector in Southeast Asia. This growth is exciting, and we look forward to working in partnership alongside UEM Sunrise and being a key player in this dynamic market.”
From left (back row): Witnessed by David Aboud the Head of Malaysia of LOGOS, Chin Yarng the Head of Singapore of LOGOS, Vinothan Tulis Nathzan the Director of Malaysian Investment Development Authority (MIDA) Singapore, and Sufian Abdullah the Chief Executive Officer of UEM Sunrise. From left (front row): Signing the MoU agreement are Paul Dwyer the Head of Data Centres of LOGOS, and Mohamad Jalani Mohamad Said the Head of Industrial of UEM Sunrise.
From left (back row): Matthias Wollscheid the Head of Capital Transactions, SEA of LOGOS, Bart Coenraads the Group Head of Fund Management of LOGOS, David Aboud the Head of Malaysia of LOGOS, Guanyi Ho the Porfolio Manager, Data Centres of LOGOS, Syahid Mohd Zain the Head of International Business & Finance of UEM Sunrise, Vinothan Tulis Nathzan the Director of Malaysian Investment Development Authority (MIDA) Singapore, Sufian Abdullah the Chief Executive Officer of UEM Sunrise, and Irwin Mohd Eusoff the Chief Strategy & Transformation Officer of UEM Sunrise. From left (front row): Paul Dwyer the Head of Data Centres of LOGOS, Chin Yarng the Head of Singapore of LOGOS, Sarah Tan the Development Programme Manager, Data Centres of LOGOS, Mohamad Jalani Mohamad Said the Head of Industrial of UEM Sunrise, and Rihana Ab Wahab the Strategic Initiatives Lead, CEO’s Office of UEM Sunrise.
UEM EDGENTA DELIVERS Q1 2024 FINANCIAL PERFORMANCE WITH REVENUE GROWTH YOY AND SIGNIFICANT CONTRACTS SECURED TO-DATE
KUALA LUMPUR, 29 May – UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announces its unaudited financial results for the first quarter of 2024 ending 31 March 2024 (“Q1 FY2024”).
UEM Edgenta achieved a revenue growth of 7.2% in Q1 FY2024, with total revenue reaching RM677.6 million. This marks an increase of RM45.8 million from RM631.8 million in the corresponding quarter of the previous year (“Q1 FY2023”). Revenue growth mainly contributed by commencement of new and renewed projects in Healthcare Malaysia, Singapore and Taiwan, as well as revenue contribution by the newly acquired subsidiaries located in Kingdom of Saudi Arabia and United Arab Emirates.
The company recorded an improvement in profit after tax (“PAT”), growing by RM8.6 million to RM10.2 million in Q1 FY2024 compared to Q4 FY2023, attributed to better financial performance and quality service delivery, complemented by diligent cost and resource optimisation measures. Year on year PAT however was 5.4% lower compared to Q1FY2023.
UEM Edgenta continued to demonstrate its market leadership by securing new contracts totalling RM1.7 billion within the first four months of the year. This healthy orderbook replenishment is a testament to the company's robust pipeline and its ability to renew and win new contracts, paving way for further growth. As of 31 March 2024, the Company has an outstanding order book of RM9.5 billion, out of which 69% contributed by Infrastructure Services division, followed by 24% from Healthcare Solutions.
In Singapore, the company successfully secured 5-year contracts for the provision of hospital support services to various hospitals worth RM934.57 million to RM963.49 million. This underscores UEM Edgenta’s excellent track record, high-quality service delivery, and competitiveness in the healthcare support service market in Singapore, to both public and private hospitals. The operations in the United Arab Emirates and the Kingdom of Saudi Arabia further expanding their footprint in the region with additional contracts from existing and newly acquired clients, while Infrastructure Services successfully secured few road maintenance contracts in Indonesia.
On the domestic front, UEM Edgenta is bolstering its presence in the private healthcare sector by extending services to new clients and renewing contracts with existing ones. The company's strategic investments in sustainability and technology are gaining momentum, with OPUS Energy securing a 10-year Energy Performance Contracting (“EPC”) contract from Boustead DCP Sdn Bhd. Additionally, the Infrastructure division's orderbook has been strengthened by the additional state road maintenance contracts in Selangor and Sarawak, reinforcing UEM Edgenta's pivotal role in maintaining critical transportation infrastructure assets in Malaysia.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, "Our Q1 FY2024 financial performance remains resilient amidst the persistent challenges arising from the competitive business landscape and inflationary pressures. While cost discipline remains the strategic priority, the quality of profits is upheld through the new high-quality contract wins across all our markets, as evidenced by the improvement in profit compared to the previous quarter. This positions us well for continued success throughout the year."
"Our focus remains on driving sustainable growth through enhancing operational efficiency, optimizing resources and costs, and delivering value to our stakeholders. With a healthy balance sheet featuring a low gross gearing ratio of 0.33 times and a robust cash and bank position of RM540.6 million, we aim to further improve our growth momentum. We are committed to leveraging our expertise and innovative solutions to capitalize on emerging opportunities in the market," he added.
UEM SUNRISE SALES ROSE 38% YOY TO RM232.6 MIL ON HIGHER LAUNCH TAKE-UP RATES
KUALA LUMPUR, 28 May 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today disclosed its financial results for the first quarter of 2024 ending 31 March 2024 (1Q 2024) with a Sales Achievement of RM232.6 million. The improvement of 38% Year-on-Year (YoY), or RM64 million positively reflects solid demand for properties reasonably priced between RM500,000 to RM1 million per unit in both Central and Southern regions.
Flagship projects in the Central region such as The MINH in Mont’Kiara, The Connaught One in Taman Connaught, Residensi ZIG in Kiara Bay and KAIA Heights in Seri Kembangan, and Senadi Hills for the Southern region, collectively contributed to the Company’s total sales, signalling healthy underlying property demand on the back of attractive promotional activities.
In the quarter under review, solid commercial momentum prevailed across the Property Investment assets as occupancy rates rose, which yielded higher rental and hotel incomes.
The Company’s revenue of RM225.0 million, was largely driven by property development, substantially contributed by the progress of projects including Residensi Allevia in Mont’Kiara and KAIA Heights in Seri Kembangan within the Central region, as well as the developments at Senadi Hills and Aspira Gardens in Iskandar Puteri, an indication of its solid operational execution.
The revenue contribution was further supported by monetisation of non-strategic land of RM48 million in line with its ongoing asset monetisation strategy.
The Company’s gross profit softened to RM70.3 million, equivalent to a gross profit margin of 31% while operating profit amounted to RM32.0 million. This is partly due to higher selling and marketing expenses on promotional campaigns for ongoing projects, as well as the recognition of higher project cost savings from completed projects in the corresponding period of last year.
In line with the above, the Company reported a lower profit after tax and non-controlling interests of RM8.2 million for the current quarter. Despite these challenges, the Company maintained its financial resilience with gross and net gearing ratios of 0.62 times and 0.47 times, respectively. Notably, inventories reduced by 33% YoY to RM118 million from RM176 million in the first quarter of 2023, indicating effective inventory strategies.
Cash balances remained robust at RM1.0 billion as of 31 March 2024 underlining the Company’s commitment in maintaining a solid balance sheet. Unbilled sales stood at RM2.6 billion, which is expected to be substantially recognised over the next 18 to 36 months, indicating a steady revenue pipeline to position the Company for future growth and sustainability.
Sufian Abdullah, Chief Executive Officer commented on the results: "Despite the soft start to the year, UEM Sunrise continues to demonstrate its resilience and adaptability while capitalising on growth opportunities. Our strategic focus on customer-centric and sustainable developments has been a key driver of our performance”.
“We are pleased to broaden our development efforts with new partnerships on the development of a 40-acre Renewable Energy (RE) Industrial Park to further enhance the value of our properties in the Southern region”, he added.
Positive outlook, new strategic partnerships
The Company continues to advance on its strategic priorities in line with the three-phase strategic turnaround plan and the newly introduced Transformation Plan, U2030, aimed at becoming “a balanced real estate player”. This entails a focused approach on ensuring disciplined product launch pipeline throughout 2024, with a target launch GDV of RM0.8 billion. These launches will feature products priced between RM500,000 to RM1 million per unit, reflecting its commitment to offering reasonable and attainable properties to its customers.
Additionally, the Company will prioritise enhancing the sales trajectory of Symphony Hills and Serene Heights through the introduction of new phases, supported by a clear inventory reduction plan to deliver on its Sales target of RM1.0 billion for the current financial year.
Sufian added “We are excited about our future projects in Iskandar Malaysia, Johor, as we expand into the industrial programme, as well as introducing a variety of residential and commercial offerings. Leveraging on the strategic location of Gerbang Nusajaya as a gateway between Iskandar Puteri and Singapore, we are confident on bringing more growth catalysts and partnerships to bolster long-term growth.”
UEM Sunrise remains optimistic as the Company expects continued revenue growth, driven by its strong project pipeline and strategic partnerships. With a strategic focus on innovation, sustainability, and market expansion, the Company is well-positioned to capitalise on emerging opportunities and deliver long-term value to shareholders.
UEM SUNRISE PROPOSES LANDMARK DEVELOPMENT AT THE OVAL SUBIACO EAST IN PERTH, WESTERN AUSTRALIA
KUALA LUMPUR, 27 May 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) submitted the Development Application (DA) of its first residential development in Subiaco East in Perth, Western Australia for Lots 1 and 2 at The Oval, Subiaco East, to deliver two landmark apartment buildings.
The Company is seeking approval for two mixed-use residential buildings on the 4,930sqm site, which will sit just beyond the boundary line of the iconic Subiaco Oval, alongside Haydn Bunton Drive. The proposed development is the first within the overall Subiaco East Masterplan by DevelopmentWA, the Western Australia State Government’s central development agency.
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of AUD450 million (RM1,346.7 million) including up to 12% of the apartments providing affordable housing in the Western suburbs. The proposal aims to offer a distinct opportunity for future residents to enjoy the unique Subiaco lifestyle.
The scheme will see two well-designed residential buildings on Lot 1 with a tiered height of 25 and 35 stories plus a ground floor, creating a strong visual aesthetic for the landmark development. This will be complemented by a 10-storey building plus a ground floor on Lot 2.
The proposed design for the mixed-use residential precinct will promote communal interaction through well-curated spaces, 400sqm of retail space on the ground floor of Lot 1, which permeates into gardens and landscaping that augment the public facilities at The Oval site.
Chief Executive Officer Sufian Abdullah said, “The Company has had a significant presence in Australia for many years and we’re delighted to be delivering this landmark project in our first venture into Western Australia bringing a combined local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East.”
“This proposed development will create a high-quality residential precinct at an important time in the Western Australia housing market – delivering new housing supply at scale, with more than 340 new homes for a wide range of residents. Our unique offering will appeal to home-owners – individuals and families – at different stages in their life, with greater flexibility and opportunity for intergenerational living, work-life integration and connection to a diverse community.”
The Company is committed to delivering a design excellence outcome for Lots 1 and 2 including targeting a 5-star Green Star Buildings v1.0 certification with the Green Building Council of Australia. The 5-star Green Star Buildings certification represents Australian excellence in better, healthier and more responsible buildings, providing significant community and environmental benefits exceeding the Subiaco Oval and Railway Design Guidelines requirements for sustainability and building on the 6-star Green Star Communities v1.1 certification achieved by Development WA for the Subiaco East Redevelopment.
Construction of the proposed development is expected to commence in 2026.
An artist impression of the two landmark apartment buildings at The Oval, Subiaco East.
An artist impression of the podium view at The Oval, Subiaco East.
UEM SUNRISE ASSURES NO IMPACT AMID DIESEL SUBSIDY RATIONALISATIONS
KUALA LUMPUR, 23 May 2024 – In light of the recent announcement by the YAB Prime Minister concerning the diesel subsidy rationalisation, UEM Sunrise Berhad ("UEM Sunrise" or the "Company") understands the concerns from our stakeholders regarding whether these changes would affect our operations and services.
We wish to clarify that as a property developer, our operations, including those of our contractors, have only been utilising diesel fuel at a commercial rate. Hence, the removal of the diesel fuel subsidy would not impact our performance and service delivery. We would like to assure our stakeholders that we remain dedicated to providing high-quality products and services to our customers.
Additionally, we continue to support government efforts to improve and strengthen the overall economy. These initiatives are vital for sustainable economic growth, and we pledge our commitment to contributing positively to these goals.
INISIATIF PROJEK LOJI JANAKUASA BIOGAS (EFLUEN SAWIT) GRID BERSAMBUNG TERBESAR DI MALAYSIA OLEH KKDW DAN FELCRA BERHAD MELENGKAP KEHIDUPAN 70,000 MASY
JERANTUT, 18 May 2024 – FELCRA Berhad (FELCRA) merancakkan landskap pembangunan luar bandar melalui pembinaan Projek Loji Janakuasa Biogas (Efluen Sawit) Grid Bersambung Terbesar di Malaysia dengan kapasiti 5.5-megawatt (MW) yang mula beroperasi sepenuhnya pada 11 April 2024 di Kilang Sawit FELCRA Jayaputra, Jerantut, Pahang.
Dengan kapasiti 5.5 MW, loji janakuasa biogas ini mampu membekalkan tenaga elektrik kepada hampir 14,000 rumah atau kira-kira 70,000 orang penduduk luar bandar yang bakal menikmati bekalan elektrik yang stabil dan mencukupi. Inisiatif ini bertepatan dengan Aspirasi Desa Madani yang diperkenalkan oleh Kementerian Kemajuan Desa dan Wilayah (KKDW) dalam memastikan masyarakat luar bandar tidak ketinggalan dalam arus pembangunan negara.
Loji janakuasa biogas (efluen sawit) grid bersambung terbesar di Malaysia ini, yang telah mendapat pengiktrafan oleh Malaysia Book of Record, merupakan kejayaan hasil kerjasama strategik antara FELCRA Berhad, Felcra Jayaputra Sdn Bhd dan Cenergi SEA Berhad (Cenergi) anak syarikat UEM Group Berhad.
FELCRA optimis bahawa loji janakuasa yang diuruskan oleh Cenergi FJP ini merupakan pemangkin kepada proses perbandaran di luar bandar melalui impak positif terhadap limpahan ekonomi, kelestarian alam sekitar serta peluang pekerjaan berkemahiran tinggi kepada masyarakat setempat.
Timbalan Perdana Menteri, YAB Datuk Seri Dr. Ahmad Zahid Hamidi berkata penerokaan sumber tenaga boleh diperbaharui (Renewable Energy) melalui projek biogas dari sisa efluen kelapa sawit (Palm Oil Mill Effluent (POME)) ini merupakan inisiatif strategik bagi memastikan negara terus memperolehi sumber tenaga elektrik secara berterusan di samping menjamin kelestarian alam sekitar.
Menurut Zahid, untuk mencapai aspirasi Malaysia sebagai sebuah negara maju dalam tempoh 5 ke 8 tahun yang akan datang, keperluan bekalan tenaga elektrik yang stabil dan konsisten memainkan peranan yang penting dalam proses pembangunan, pertumbuhan, perindustrian dan perbandaran.
Selain itu, beliau turut menggalakkan agensi kerajaan untuk memperkasakan kerjasama strategik dengan syarikat swasta yang berpotensi bagi mengukuhkan kemampuan syarikat serta mengembangkan akses kepada kepakaran dan pemindahan teknologi yang dapat memberikan manfaat kepada semua pihak.
Zahid berkata demikian ketika hadir semasa perasmian Logi Janakuasa Biogas 5.5 MW Cenergi FJP di Jerantut, Pahang. Beliau turut diiringi oleh Menteri Besar Pahang, YAB Dato’ Sri Haji Wan Rosdy Bin Wan Ismail, barisan Exco Negeri Pahang, Pengerusi FELCRA Berhad YBhg. Datuk Ahmad Jazlan Bin Yaakop, Pengerusi FELCRA Jayaputra, YBhg. Dato’ Mohd Nizar Zakaria dan Pengerusi Cenergi SEA Berhad YH Dato’ Mohd Izani Ghani. Lawatan ini diadakan untuk melihat inisiatif yang diperkenalkan di kilang sawit Felcra Jayaputra selain potensi untuk dikembangkan di kilang-kilang pemprosesan buah sawit milik FELCRA yang lain untuk diketengahkan dengan teknologi seumpama ini.
KKDW menerusi FELCRA akan terus giat memperkenalkan inisiatif khusus untuk masyarakat desa selain komited memperkasakan keupayaan fasiliti sedia ada untuk dinaik taraf bagi memenuhi keperluan masyarakat luar bandar.
CONSORTIUM LED BY KHAZANAH AND EPF ANNOUCES CONDITIONAL OFFER FOR MAHB
KUALA LUMPUR, 15 MAY 2024 – Gateway Development Alliance and its shareholders (together the “Consortium”), have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia Airports Holdings Berhad ("MAHB") not already owned by the Consortium, at an Offer price of RM11.00 per share (the “Offer”). As at 14 May 2024, being the last practicable date prior to this announcement, the Consortium and its parent companies in aggregate own 41.1% of MAHB’s issued share capital.
The Consortium is led by two Malaysian Government Linked Investment Companies – Khazanah Nasional Berhad (“Khazanah”) via its wholly owned subsidiary UEM Group Berhad (“UEMG”), and the Employees Provident Fund (“EPF”). The Consortium’s shareholders also comprise a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and funds managed by Global Infrastructure Partners (“GIP”), one of the world’s premier infrastructure investors and an experienced airport owner and manager.
Upon full completion of the Offer, Khazanah will be increasing its ownership in MAHB from 33.2% to 40% and EPF from 7.9% to 30%. Collectively, Malaysian investors would own 70% of MAHB. ADIA and GIP will hold the remaining 30%. The Government of Malaysia will retain special share rights in MAHB and the Chairman and CEO will continue to be Malaysian citizens.
The Consortium aims to position MAHB for long-term sustainable growth. Focusing on the maintenance and upgrade of airport infrastructure, enhancing passenger service levels and improving airline connectivity will support passenger and freight growth. This in turn will provide lasting economic benefits, not only for MAHB and its stakeholders, but also for the industrial and tourism sectors in Malaysia and Türkiye.
The Consortium believes that these objectives will be best achieved by MAHB as a private entity, taking a long-term approach to decision-making and capital investment and benefitting from international technical expertise. The Consortium recognises MAHB’s potential and is committed to:
- Supporting MAHB to deliver high priority capital projects, including the Aerotrain and the Baggage Handling System at KLIA;
- Enhancing the passenger experience by alleviating congestion, improving passenger flows and terminal ambience, and expanding the retail and food and beverage offering at MAHB’s airports;
- Working closely to support existing airlines and strengthening management resources to attract new airline customers to MAHB, particularly in the long-haul segment;
- Maintaining the highest level of safety for passengers and employees;
- Accelerating capital investment to repair and maintain the existing infrastructure and equipment;
- Upgrading and harmonising operational service standards across MAHB’s state airports;
- Planning long-term investment to grow airport capacity throughout MAHB’s network of airports in Malaysia and Türkiye;
- Partnering with state bodies and local businesses, to develop ancillary businesses around the airports.
The Consortium is confident that these initiatives will support MAHB’s efforts to become a world-class airport operator and looks forward to working with MAHB’s management and its employees to implement them.
The Consortium confirms that there are no plans for layoffs as a result of the Offer and that existing employment rights will be fully safeguarded. There will also be no changes to the passenger service charge rates published by MAVCOM on 12 March 2024.
The Consortium is committed to MAHB’s airport operations and improving service levels at Istanbul Sabiha Gökçen in Türkiye.
The making of a formal offer for MAHB is subject to certain pre-conditions and, when made, will be subject to the Consortium owning at least 90% of MAHB’s issued share capital.
If such conditions are met, it is expected that MAHB’s shares would de-list from Bursa Malaysia upon completion of the Offer, which is estimated to occur in the fourth quarter of this year.
The Offer price of RM11.00 implies an equity value of RM18.4 billion, which translates to a price-to-earnings ratio of 37.7x MAHB’s audited consolidated earnings per share for the financial year ended 31 December 2023. The Offer price represents a 15.2% premium to the prevailing three-month VWAP of RM9.55 per share and also implies a 49.5% year to date (“YTD") increase based on the closing price of RM7.36 per share on 29 December 2023, in comparison to the 10.4% YTD performance of the benchmark index FTSE Bursa Malaysia KLCI up to the date prior to announcement of the Offer.
If, on or after the date of this announcement and prior to completion of the Offer, any dividend, distribution or other return of value is declared, made or paid by MAHB, the Offer price shall be reduced accordingly. In such circumstances, MAHB shareholders would be entitled to retain any such dividend, distribution or other return of value declared, made or paid.
Commenting on the announcement, Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said: “Malaysia is strategically well-located in the fast-growing Southeast Asian aviation market and has the potential to strengthen its long-haul and regional network. We are optimistic that the combined efforts of MAHB’s dedicated employees and the collective expertise of the Consortium would catalyse MAHB as a leading international airport operator, and stimulate economic growth through its airport network, in line with Khazanah’s goal of Advancing Malaysia.”
Ahmad Zulqarnain Onn, Chief Executive Officer of EPF, added: “EPF views this Offer as an investment opportunity that aligns with our investment objectives and commitment to bolster domestic investments. As an integral component of the national infrastructure, MAHB plays a vital role as a gateway for trade, tourism, and business activities, contributing significantly to economic development and prosperity. We look forward to the success of this strategic partnership by delivering best-in-class airport experience for the flying public, partner airlines and MAHB employees. We expect this investment to bring positive benefits to EPF’s members and the public, thereby contributing significantly to Malaysia’s sustainable growth agenda.”
Khadem Alremeithi, Executive Director of the Infrastructure Department of ADIA, said: “MAHB’s airport network serves some of the world’s fastest growing aviation markets, which are benefiting from regional economic growth, increased air travel affordability and shifts in consumer spending. This positive backdrop underpins our participation in the Consortium, which combines strong local partners with extensive international expertise."
Bayo Ogunlesi, Chairman and Chief Executive Officer of GIP, said: “We are delighted to partner with Khazanah, EPF and ADIA, with whom we have strong and productive strategic relationships, as part of this offer for MAHB. Given GIP’s substantial expertise in owning and operating airports, together with our partners, we can focus on improving customer service, elevating operational excellence, growing passenger volumes and enhancing employee engagement. We look forward to working with our partners to build a bright future for Malaysia, MAHB and all stakeholders.”
UEM GROUP VIA UEM SUNRISE, ITRAMAS AND CMEC, SIGNS MOU TO DEVELOP A RENEWABLE ENERGY INDUSTRIAL PARK IN JOHOR
BEIJING, 15 May 2024 – UEM Group Berhad (UEM Group), through its township and property arm, UEM Sunrise Berhad (UEM Sunrise), together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and China Machinery Engineering Corporation (CMEC) inked an agreement, to mark the beginning of a strategic partnership aimed at developing a Renewable Energy (RE) Industrial Park, measuring 40 acres in Gerbang Nusajaya, Iskandar Puteri, Johor.
The RE Industrial Park is part of the one (1) gigawatt (GW) hybrid solar power plant project and is one of the flagship catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR). It was first announced by the Government back in July 2023, which saw Memorandums of Understanding (MoUs) signed between UEM Group, ITRAMAS, and subsidiary of CMEC, China Machinery Engineering Wuxi Co. Ltd. (CMECWUXI), along with Blueleaf Energy and HEXA Renewables, announcing their collaboration to participate through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity).
Signing the MoU for UEM Sunrise was its Chief Executive Officer, Sufian Abdullah; representing ITRAMAS was its Managing Director, Lee Choo Boo; and for CMEC, its General Manager Assistant, Li Mingqiang. Present to witness the signing was Harman Faiz Habib Muhamad, Acting Chief Executive Officer of UEM Lestra Berhad (UEM Lestra); Royd Lee, Project Development Director from ITRAMAS; and Fang Yangshui, President of CMEC.
The announcement of the RE Industrial Park today signifies the second significant development in relation to NETR initiatives by UEM Group and ITRAMAS. In January this year, UEM Lestra, a wholly-owned subsidiary and green investment arm of UEM Group, along with ITRAMAS and HEXA Renewables Malaysia Sdn. Bhd. entered into a shareholders’ agreement to develop the first 500-megawatt (500MW) hybrid solar power plant in Segamat, Johor.
The RE Industrial Park in Gerbang Nusajaya is strategically designed to attract manufacturers and suppliers from China, across the RE and Electric Vehicle (EV) value chains, as well as other high-tech companies to establish operations and Research and Development (R&D) centres within the park; spurring the growth of Malaysia’s energy transition and EV ecosystems. Additionally, the RE Industrial Park will feature a RE Hub, housing a cutting-edge solar module factory and advanced research facilities, among other amenities.
Dato’ Mohd Izani Ghani, Managing Director of UEM Group said, “This signing is another milestone as we inch closer to realise our venture under NETR. As we forge ahead with the RE Industrial Park, the strategic importance of attracting manufacturers, suppliers and industry players from across the RE and EV value chains from China cannot be overstated. Securing partnership interest from China not only enhances the viability and impact of this national strategic project but also underscores the importance of cross-border collaboration in driving sustainable development.”
Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, “The prime location of Gerbang Nusajaya in proximity with Singapore, complemented by access to major air & seaports significantly enhances our industrial appeal to the international investors. This RE Industrial Park will not only act as a crucial driver in the Iskandar Puteri’s economic growth and transformation but enabling the ecosystem surrounding RE and EV value chains in supporting the nation’s energy transformation agenda. Building on the legacy of our other landmark projects such as Nusajaya Tech Park (NTP) and Southern Industrial & Logistic Cluster (SiLC) in Johor, we are confident of developing a sustainable RE industrial park on a 40-acre (16.2 hectares) lot with 730,000sf (square feet) GFA (Gross Floor Area) of factories.”
Lee Choo Boo, Managing Director of ITRAMAS said, "Today marks a significant milestone for ITRAMAS as we deepen our collaboration with UEM Sunrise and CMEC to develop the Renewable Energy Industrial Park in Gerbang Nusajaya. This partnership not only reinforces our commitment to advancing Malaysia's energy sector but also highlights our collective efforts towards sustainable development. We are particularly excited about the RE Hub within the park, which will feature state-of-the-art facilities, including a cutting-edge solar module factory and advanced research centers. These facilities will not only enhance our production capabilities but also propel us to the forefront of innovation in renewable energy. Together, we look forward to setting new standards in the industry and contributing to Johor's growth as a dynamic hub for renewable energy."
PLUS TO IMPLEMENT PAVEMENT REHABILITATION WORKS AT HUTAN KAMPUNG TOLL PLAZA (TOWARDS SOUTHBOUND) FOR MORE COMFORT
Petaling Jaya, 11 May 2024:- As a part of the continuous effort to provide a more comfortable experience for highway users, PLUS Malaysia Berhad (PLUS) will carry out pavement rehabilitation works at Hutan Kampung Toll Plaza on the North-South Expressway. As such, the entry lane of heavy vehicle on the left lane at Hutan Kampung Toll Plaza (towards southbound) will be temporarily closed for 5 days from 9:00am, 13 May 2024 to 12:00pm, 17 May 2024, to facilitate the works.
In relation to this, heavy vehicle users with a width limit exceeding 3.5 meters heading towards Alor Setar are advised to utilise the alternative route via the Kepala Batas Interchange towards State Road (K5) - Hutan Kampung Road. Additionally, heavy vehicle users heading towards Sungai Petani/Penang/south can also utilise the alternative route via the Alor Setar Utara Toll Plaza throughout the duration of the works.
Highway users are also advised to comply with all traffic signages and instructions issued by PLUS from time to time when passing through the affected stretch.
All highway users are also reminded to plan their journey or to get the latest traffic conditions via PLUS App or PUTRI Chatbot as well as contact PLUSLine at 1800-88-0000 in the event of any emergencies.
UEM SUNRISE TOPS OUT FIRST PHASE OF KAIA HEIGHTS, SETTING NEW HEIGHTS IN MULTI-GENERATIONAL LIVING
KUALA LUMPUR, 9 May 2024- UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) celebrated the topping out of KAIA Heights Phase 1 in Taman Equine, Seri Kembangan with a ceremony held on 8 May 2024. Launched on 10 March 2021, this milestone marks the completion of the high-rise component's structure, a 19.24-acre development that offers stunning views of the Kuala Lumpur City skyline, Bukit Jalil, and the Ayer Hitam Forest Reserve.
Placing emphasis on three-generation living concept, KAIA Heights residents can Recapture the liveliness of outdoor adventures; Replenish after a hectic workday; Restore the body, mind, and soul with fresh air and green sights. Surrounded by lush natural greenery, KAIA Heights combines preserved nature and landscape that cater to multi-generational families looking for tranquil living.
It is a perfect blend of lifestyle needs, where residents of KAIA Heights shall experience the convenience of shopping at AEON Mall Taman Equine and Giant Seri Kembangan for daily essentials and leisure - just minutes away. Due to its strategic location, the development is greatly connected to major highways such as the Damansara-Puchong Expressway (LDP), Maju Expressway (MEX), South Klang Valley Expressway (SKVE) and the Bukit Jalil Highway, as well as proximity to the Taman Equine MRT Station, making travel and commuting a breeze.
Additionally, families at KAIA Heights benefit from close access to esteemed international schools namely Alice Smith and Rafflesia International Schools; fostering the community to an elevated lifestyle, learning and growth.
KAIA Heights offers low-density living with 10 units per floor across 2 phases, each with 2 blocks spanning approximately 30 storeys. Units start at RM567,800, ranging from 972 to 1,437 sqft, and some with additional convertible space. Amenities include sports courts, a jogging trail, a multipurpose hall, gym, pools, BBQ pavilion, and play area within its 8-acre domain.
UEM Sunrise Chief Executive Officer Sufian Abdullah said, “We are committed to promoting sustainable living environment that meets diverse lifestyle requirements through our products and developments. KAIA Heights introduces an enriched lifestyle through showcasing the Company’s brand of quality living into Seri Kembangan.”
On the Sustainability front, KAIA Heights is a proud Green-RE silver-certified development using non-toxic, ethical, sustainable materials and harnesses rainwater for irrigation; conserves up to 40% of the existing surrounding forestry, utilises compost recycled from horticulture waste, and is designed without air wells for better ventilation.
The target completion date of KAIA Heights Phase 1 is in 3Q of 2025, accommodating a total of 924 units with an average of 48 units per acre.
For more information about KAIA Heights, please visit www.uemsunrise.com.
(From left to right) – Kerjaya Prospek Sdn Bhd Senior Group Finance Manager, Mak Tuck Onn; Contract Manager, Chia Sow Teck; Chief Executive Officer, Tee Eng Tiong; UEM Sunrise Chief Executive Officer, Sufian Abdullah; Chief Financial Officer, Hafizuddin Sulaiman; Chief Operating Officer (Central), Liong Kok Kit; Chief Marketing Officer, Emily Teh posed for a photo after commemorating KAIA Heights topping out ceremony.
UEM EDGENTA HOSTS AIDILFITRI CORPORATE OPEN HOUSE
KUALA LUMPUR, 3 May – Following a day celebrating community spirit and gratitude, UEM Edgenta Berhad (UEM Edgenta)’s Hari Raya Aidilfitri open house event, themed "Indahnya Syukur Syawal" was very well received and saw over 2,000 guests in attendance comprising of its diverse clients stakeholders, including Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad.
The leading integrated asset management and infrastructure services provider’s event featured a bustling bazaar-like atmosphere, with local entrepreneurs showcasing their products. Attendees had the opportunity to explore offerings from Brotani, Soul Soil, The Mok’s, and other participating vendors while supporting small businesses and Malaysian youths. The bazaar was made possible through UEM Edgenta’s collaboration with Penglipur Lara, well known for its curation of local emerging brands through its pop-up bazaar series.
Syarunizam Samsudin, Managing Director and Chief Executive Officer, UEM Edgenta, shared, "We are indeed delighted by the overwhelming success of this year's open house celebration. The theme 'Indahnya Syukur Syawal' truly encapsulated the spirit of gratitude and togetherness that defines Aidilfitri. While we celebrate each other’s company over good food, the bazaar reflects the Company’s appreciation for the success made possible through collaborations with the wider vendor ecosystem.”
A continuation of the Company’s heartwarming generosity during Ramadan, the open house welcomed orphans from Pusat Jagaan Darul Sakinah Angkasa to join in the festivities, spreading the joy of Aidilfitri and fostering a sense of inclusivity within the community.
“Carrying over the caring and compassionate spirit from our Ramadan CSR called ‘Jalinan Kasih Edgenta’, we continue to create positive experiences for the wider community and are proud to strengthen the silaturahim during Syawal as well while aspiring to create a sustainable and impactful legacy of compassion and support,” added Syahrunizam.
Before the main open house event in the afternoon, UEM Edgenta hosted a special staff open house, where employees showcased their talents in a lively competition. The event showcased the creativity and unity within the Company.
Among the guests seen mingling during the open house were Datuk Amran Hafiz Affifudin, Executive Director, Khazanah Nasional Berhad, Dato' Mohd Izani Ghani, Managing Director, UEM Group Berhad, and Tan Sri Dr. Azmil Khalid, Chairman, UEM Edgenta just to name a few. Other notable names include Anas Tahir and Mawi from Astro Radio, and current podcast personality Khairy Jamaluddin from Keluar Sekejap podcast series.
UEM Edgenta extends its heartfelt appreciation to all who attended and contributed to the success of the event. We look forward to continuing to celebrate diversity, unity, and community spirit in future endeavours.
UEM SUNRISE OFFICIATES THE BEAT 2.0 KIARA BAY & PARTNERSHIPS WITH HARVEY NORMAN MALAYSIA AND BM GREEN ENERGY
KUALA LUMPUR, 19 April 2024 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company”) marked a significant milestone through the groundbreaking event for The Beat 2.0, Kiara Bay and a signing ceremony with two (2) esteemed partners, Harvey Norman Malaysia and BM Green Energy Sdn. Bhd. (formerly known as Boilermech Cleantech Sdn. Bhd.).
Since its inception in Kiara Bay on April 2022, The Beat became a thriving retail destination housing a sales gallery, 21 lakefront retail lots, F&B establishments, and open carpark including EV charging stations within a land size of 11.66 acre. With a full 100% take up rate, Village Grocer being the anchor tenant occupies the majority 64% of total Net Leased Area ("NLA").
Following The Beat's success to redefine retail and lifestyle offerings in the vicinity, UEM Sunrise is delighted to announce the launch of “The Beat 2.0”. To leverage on the area's expanding activity and recent property launches such as Residensi Zig, The Beat 2.0 welcomes Harvey Norman as the newest retail gem, symbolising the Company’s commitment to enrich Kiara Bay’s retail experience and its vibrant landscape.
UEM Sunrise’s Chief Executive Officer, Sufian Abdullah said “We are proud to embark on this collaboration with Harvey Norman to promote The Beat 2.0 as an innovative urban development, which seamlessly integrates living, leisure, and retail elements.”
Significantly, UEM Sunrise appointed BM Green Energy, a registered Solar Photovoltaic (PV) investor under the Sustainable Energy Development Authority of Malaysia (SEDA), to install, operate, and maintain a Rooftop Solar PV Energy System at The Beat. This initiative supports the Company’s Sustainability agenda, aimed to reduce carbon footprint and improve energy efficiency, whilst contributing to a greener environment at Kiara Bay.
“Switching to renewable energy sources exemplifies UEM Sunrise’s dedication towards sustainable energy consumption. On top of savings in utility bills, collaborating with BM Green Energy to power The Beat with solar energy will put us on the right track towards achieving carbon neutrality target by 2050”, Sufian added.
The groundbreaking event shall witness the synergies between Mega Legacy (M) Sdn Bhd, Harvey Norman, and BM Green Energy; together marking a significant step in innovation and sustainable living. The signing ceremony will be represented by Puan Zaida Khalida Shaari, Chairlady of Mega Legacy and Director of UEM Sunrise, Mr. Jonathan Toh, Chief Operating Officer of Harvey Norman, and Mr. Gan Chih Soon, Executive Director of BM Green Energy.
(From left) Hafizuddin Sulaiman, Chief Financial Officer of UEM Sunrise Berhad and Director of Mega Legacy (M) Sdn Bhd; Sufian Abdullah, Chief Executive Officer of UEM Sunrise Berhad and Director of Mega Legacy (M) Sdn Bhd; Gan Chih Soon, Executive Director of BM Green Energy Sdn Bhd; Zaida Khalida Shaari, Director of UEM Sunrise Berhad and Chairlady of Mega Legacy (M) Sdn Bhd; YBhg. Tan Sri Dato’ Yap Suan Chee, Executive Chairman of Melati Ehsan Group; Jonathan Toh, Chief Operating Officer of Harvey Norman Malaysia; and Patrick Lim, Chief Financial Officer of Melati Ehsan Group and Director of Mega Legacy (M) Sdn Bhd, posed for a group photograph during the MoU signing ceremony and Beat 2.0 groundbreaking event at the Kiara Bay Sales Gallery.
The Beat 2.0 groundbreaking and signing ceremony between Mega Legacy (M) Sdn Bhd, a joint venture company of UEM Sunrise Berhad, Harvey Norman Malaysia, and BM Green Energy Sdn Bhd.
UEM EDGENTA CONTINUES ITS RAMADAN ‘JALINAN KASIH EDGENTA’ SERIES
KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.
The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.
“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.
“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.
Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company's commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.
Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.
UEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its "Infaq Musafir Ramadan" programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).
While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.
PLUS PERTINGKAT PERSEDIAAN MENGURUSKAN PERTAMBAHAN TRAFIK SEMPENA MUSIM PERAYAAN
Petaling Jaya, 27 Mac 2024:- PLUS Malaysia Berhad (PLUS) telah menambah baik laluan SmartLane bagi menampung peningkatan jumlah trafik pada cuti perayaan Hari Raya Aidilfitri yang akan datang. Di antara penambahbaikan tersebut adalah pemasangan Lampu Hijau Berkelip (Green Flashing Light) untuk menunjukkan bahawa laluan SmartLane diaktifkan dan boleh digunakan di lokasi-lokasi yang tertentu, sepertimana yang diumumkan oleh YB Menteri Kerja Raya baru-baru ini. Selain itu, PLUS turut menambah papan tanda peringatan pembukaan SmartLane di lokasi SmartLane yang telah dikenal pasti.
“Penambahbaikan ini bertujuan untuk memudahkan pengguna lebuh raya menggunakan SmartLane yang diaktifkan untuk menguruskan kesesakan dan menambah kapasiti lorong di lokasi-lokasi kritikal sepanjang lebuh raya,” kata Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar pada taklimat kepada media bersama Lembaga Lebuhraya Malaysia (LLM), Polis Diraja Malaysia (PDRM) dan Jabatan Pengangkutan Jalan (JPJ) berkenaan persediaan PLUS menguruskan peningkatan jumlah kenderaan di Lebuhraya PLUS sempena musim perayaan Aidilfitri di Persada PLUS hari ini.
Menurutnya, PLUS akan memberi tumpuan khusus kepada pengurusan kesesakan, pengagihan trafik dan keselesaan pengguna bagi membantu orang ramai menikmati perjalanan yang lebih lancar dan selesa pada musim perayaan Aidilfitri yang akan datang. Bagi menguruskan kesesakan, PLUS akan menambah laluan SmartLane kepada 18 lokasi tumpuan trafik di lebuh raya bagi membantu melancarkan pergerakan trafik.
Ketika SmartLane diaktifkan, lorong paling kiri yang sedia ada dibuka sebagai laluan tambahan untuk mengoptimumkan penggunaan semua laluan dan meningkatkan kapasiti lorong bagi mengurangkan kesesakan trafik di laluan kritikal lebuh raya.
Berdasarkan kajian yang dijalankan oleh Institut Penyelidikan Keselamatan Jalan Raya Malaysia (MIROS) di enam lebuh raya di Malaysia sempena musim perayaan yang lalu, lebih 70 peratus pengguna jalan raya yang menggunakan laluan SmartLane bersetuju bahawa inisiatif SmartLane telah membantu dalam mengurangkan kesesakan lalu lintas.
Dalam masa yang sama, inistiatif tersebut boleh menyumbangkan kepada aliran trafik yang lebih lancar dan penjimatan masa. Namun, penambahbaikan laluan tersebut perlu ditekankan untuk meningkatkan kesedaran menerusi notifikasi kepada pengguna jalan raya.
“SmartLane hanya boleh digunakan oleh kenderaan persendirian/penumpang untuk sementara waktu sebelum diarahkan untuk masuk semula ke laluan utama bagi meneruskan perjalanan mereka. Walau bagaimanapun, pengguna lebuh raya dilarang sama sekali untuk memandu di lorong kecemasan di lokasi-lokasi lain di mana tiada laluan SmartLane diaktifkan,” jelas Datuk Nik Airina.
UEM SUNRISE INKS STRATEGIC PARTNERSHIP WITH INTERMEDIKA CO. LTD. TO PROMOTE HEALTHY LIVING
KUALA LUMPUR, 18 March 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) UEM Sunrise is pleased to announce its strategic partnership with Intermedika Co. Ltd., a Phuket-based consulting firm renowned for its expertise in the Sports, Wellness and Hospitality sectors.
This collaboration marks a significant stride in UEM Sunrise’s mission to elevate a variety of its property developments by incorporating these innovative lifestyle elements, which primarily enhances the Company’s residential and commercial business models..
This collaboration marks a significant stride in UEM Sunrise’s mission to elevate a variety of its property developments by incorporating these innovative lifestyle elements, which primarily enhances the Company’s residential and commercial business models.
UEM Sunrise aims to integrate Sports, Wellness, and Hospitality components in its masterplan to keep pace with the global trends and stimulate growth within its developments through an enhanced product proposition – creation of Urban Healthy Hubs.
Key development areas include 3 upcoming projects in Klang Valley, plus 3 potential ones in Iskandar Puteri, Johor. Within these selected sites, Intermedika will support UEM Sunrise in crafting an in-depth business strategy and conducting feasibility studies to boost the development potential, as well as add values to the community.
Sufian Abdullah, the CEO of UEM Sunrise expressed his enthusiasm for this new partnership: "By collaborating with Intermedika, we affirm our commitment to business diversification and meeting the evolving needs of our customers – to bolster a healthy living community through our integrated development”.
Sufian further stated, "We are optimistic for the success of this initiative, as we play to our strength in product design & innovation and remain competitive in the market".
Sharing the same sentiment, Edgar Toral Hernandez, Managing Partner of Intermedika remarked “This strategic partnership promises to create a paradigm shift in property development, firmly positioning UEM Sunrise as a leader in promoting a balanced, healthy lifestyle through real estate innovation”.
Intermedika's extensive background in brand and operational strategy across various regions including Asia, the Middle East, and Latin America will greatly contribute to UEM Sunrise's project development, mainly to fulfill the growing demand for urban healthy living spaces. The aspired sports and wellness-focused developments by UEM Sunrise will feature state-of-the-art fitness centers, outdoor recreational spaces, and amenities to promote active lifestyles.
“By working together, we see a unique opportunity to create vibrant communities that inspire people of all ages to live healthier and foster a sense of well-being. We ensure a cohesive suite of products that are synergistic with UEM Sunrise’s masterplans, trust that the response will certainly be positive”, Edgar added.
INTRODUCING UEM SUNRISE’S NEW ONE-STOP HOME OWNERSHIP SOLUTION, “HAPPY+ RIGHT HOME. RIGHT NOW”
KUALA LUMPUR, 14 MARCH 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) proudly introduces its “Happy+ Right Home. Right Now” campaign, a one-stop solution for a hassle-free home ownership journey. The campaign promises the right homes thoughtfully designed to suit a broad spectrum of home seekers, catering to different lifestyle needs.
Through this campaign, homebuyers can enjoy easy ownership packages with zero downpayment and subsidies all borne by UEM Sunrise, such as SPA and loan legal fees, stamp duty and Memorandum of Transfer (MoT) upon their home purchase.
“Our goal is to empower potential buyers with instant choices, helping them discover various financing solutions and help alleviate their financial burdens in owning their dream homes,” said UEM Sunrise Chief Marketing Officer, Kenny Wong.
Making the campaign more enticing is the Company’s collaboration with Allianz Partners Malaysia, offering one of the most comprehensive Home Assistance Services in the market, specially for UEM Sunrise homeowners.
“We are optimistic about this programme, being the first property developer to partner with Allianz Partners for home assistance service. In this exclusive partnership, we are delighted to offer the first 1,000 homebuyers with a free 1-year Home Assistance Service* – at each UEM Sunrise property purchased,” Kenny added.
*Homebuyer is entitled to a maximum of RM2,000 annual coverage per policy, which covers 24/7 emergency response services to manage issues i.e. air conditioning maintenance, plumbing and electrical emergencies, pest control, faulty or broken locksets and replacing lost keys.
“Allianz Partners is honoured to collaborate with UEM Sunrise in providing end-to-end solution to new homebuyers, making their journey simpler and stress-free,” Allianz Partners Malaysia, Chief Executive Officer Elias Wahidi remarked.
Participating properties under the Happy+ Right Home. Right Now campaign include Kaia Heights, The MINH, The Connaught One, Residensi ZIG and Serene Heights Intrika in Klang Valley, Senadi Hills 2B in Johor, as well as Forest Heights in Seremban.
Furthermore, customers will also have the chance to win incredible prizes worth up to RM1.0 million as part of the campaign, valid until 31 December 2024. Exciting prizes include an exclusive trip for two to Melbourne Australia, branded electrical appliances and gadgets, special rewards and monthly giveaways.
To find out more about the Happy+ Right Home. Right Now campaign, please visit us at uemsunrise.com/righthomerightnow.
UEM Sunrise Chief Marketing Officer Kenny Wong (center) with Allianz Partners Malaysia Chief Sales Officer Anu Ratha Baskaran at Kiara Bay Sales Gallery along with UEM Sunrise Group Marketing and Allianz Partners Malaysia Sales teams.
UEM SUNRISE ANNOUNCES APPOINTMENT OF DATO’ SR AZMAR BIN TALIB AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR
KUALA LUMPUR, 11 March 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) announced the appointment of Dato’ Sr Azmar bin Talib as an Independent Non-Executive Director to its Board of Directors line up, in a Bursa Malaysia filing, effective 11 March, 2024.
Dato’ Sr Azmar brings 40 years of experience in real estate, construction, banking, and project turnaround. His academic background includes Bachelor of Science (Honours) in Estate Management from Universiti Teknologi MARA (UiTM) and Financial Risk Management from Harvard Business School. Additionally, he is a member of the Royal Institution of Surveyors Malaysia.
He has held various leadership roles, including serving as the Group Chief Executive Officer of 7 companies within the Permodalan Nasional Berhad (PNB) group, throughout his 18 years with PNB. His accomplishments include leading the acquisition of public listed companies, turnaround and restructuring initiatives and the development of multiple townships, with 9 major townships mostly in the Klang Valley area.
Currently, he serves as the Group Chief Executive Officer of TRX City Sdn Bhd, overseeing the development of Tun Razak Exchange (TRX), envisioned as the International Financial Centre of Malaysia, and Bandar Malaysia. His involvement in major projects, such as the new facilities for the Air Force, Army, and Police Air Wing under Bandar Malaysia, demonstrates his strategic vision and ability to drive successful outcomes.
In addition to his professional roles, Dato’ Sr Azmar is actively involved in various industry organisations, including a member to Majlis Tindakan Ekonomi Negeri Melaka (MTENM), Tabung Haji Investment Panel and Majlis Agama Islam Melaka (MAIM). He is also a Director on the Board of Lembaga Tabung Amanah Melaka (LTAM) and Director of Straits of Melaka Waterfront Economic Zone (SM-WEZ).
He also contributes to academia as a member of the Industry Advisory Panel for Real Estate at the Faculty of Built Environment, Universiti Malaya.
Chairman of UEM Sunrise Datuk Hisham Hamdan quoted, “UEM Sunrise looks forward to the invaluable insights and leadership that Dato’ Sr Azmar will bring to the Board, further strengthening our commitment to excellence and innovation in the property development and real estate industry.”
PLUS FORECASTS PEAK DAILY TRAFFIC BETWEEN 5 AND 6 PM ON EVERY WORKING DAY THROUGHOUT RAMADHAN
Petaling Jaya, 9 March 2024:- Based on data and traffic movement patterns from last year’s Ramadan, PLUS Malaysia Berhad (PLUS) forecasts that the peak hours for the journey home will be between 5 pm and 6 pm, where the number of vehicles on highways will be at its highest level on each working day during this Ramadan.
Therefore, PLUS advises all highway users to plan their journeys and avoid traveling during peak hours for their comfort.
To further facilitate the movement of highway users returning home for iftar, PLUS will take several steps including operational preparations at toll plazas, highways, and rest areas for smoother travel during peak hours throughout Ramadan. These measures include:
- All entry and exit lanes at toll plazas will operate fully.
- Providing mobile toll payment readers and support equipment at toll plazas.
- Completing all maintenance work at toll plazas before 4:30 pm to avoid any disruptions.
- Increasing the number of frontline personnel at toll plazas.
- Assigning technical support teams at toll plazas to be on standby.
Additionally, PLUS will ensure that all public facilities at rest and service areas are fully operational to accommodate the high demand during peak hours for iftar throughout Ramadan.
At the same time, PLUS also reminds highway users to ensure that their Touch 'n Go cards or e-Wallets (for those using RFID) have sufficient balance before starting their journey to avoid any unwanted incidents and facilitate the flow of other users through toll plazas on their way home for iftar.
Highway users are also encouraged to download the PLUS App to ease the journey planning and obtain the latest traffic information on highways. Alternatively, users can follow real-time traffic reports through @PLUSTrafik on X App, PUTRI Chatbot, national radio channels, and electronic signboards (VMS) at selected locations. Highway users can also contact the PLUSLine at 1800-88-0000 for assistance in case of emergencies.
Everyone is also advised to use Waze or Google Maps applications for better travel planning.
PLUS wishes all Muslims an auspicious Ramadan. May this Ramadan be more filled with prosperity and blessed by Allah SWT.
UEM EDGENTA RECORDS RM2 BIL IN REVENUE AND DECLARES 2 SEN DIVIDENS
KUALA LUMPUR, 29 February 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported an improved revenue delivery of 14.1% for the financial year ended 31 December 2023 (“FY2023”), compared to RM2.5 billion in the previous year (“FY2022”) and for the Company to declare a single-tier interim dividend of 2 sen per ordinary share for FY2023.
Facing global inflationary pressure and rising operational costs, the company's profit was moderated, resulting in a profit after tax for FY2023 of RM30.1 million, a decrease of 34.1% compared to RM45.7 million in FY2022.
In the fourth quarter of fiscal year 2023, UEM Edgenta reported a revenue of RM806.9 million, an increase from the previous quarter's revenue of RM710.5 million. However, net profit declined by 92.9% QoQ resulting from headwinds driven by external inflationary environment, compared to a profit of RM21.0 million in the preceding quarter. Despite the above, UEM Edgenta maintains a healthy financial position, with a low gearing ratio of 0.3 times and cash and bank balances totaling RM644.2 million as of December 31, 2023, indicating financial stability and liquidity.
Taking stock of the prevailing market conditions, sentiment, and the Company's most recent quarterly performance, Syahrunizam Samsudin, Managing Director/Chief Executive Officer, UEM Edgenta shared, "In 2023, UEM Edgenta demonstrated robust revenue growth, highest in 6 years, driven by high contract renewals and realized workorders from strong year-on-year contract wins with maiden revenue contribution from KSA, supported by strengthening of SGD. Due to the cost-push inflation with persistent rising cost of raw materials and labour that directly impact our cost structure and flow-through impact from subcontractor/vendor rising costs, profit margin was moderated across businesses. The impact was partially mitigated by our multi-sector, multi-geography portfolio diversification strategy, supported by savings driven through stringent cost management, operational efficiency initiatives and optimisation of supply chain management. As we navigate through the challenges, we continue to remain steadfast in executing our long-term strategy underpinned by EOTF 2025, driven by investments in tech and new markets and optimize the way we operate.”
“Significant headway was realized in executing technology, sustainability and market pivots through Edgenta’s differentiation in execution capabilities, reputation in upholding international quality standard and good customer relationships, the Company remains committed to enhancing efficiency and driving sustainable profitability,” added Syahrunizam.
2023 in Review: Navigating Growth and Innovation
As we enter 2024, UEM Edgenta celebrates a year of significant achievements and strategic progress on various fronts. Domestically, our dedication to innovation and sustainability has established OPUS as a leader in promoting sustainability solutions within the built environment. Our successes also extend to securing long-term contracts for state and rural roads in Selangor, Johor, and Sarawak, reaffirming our commitment to infrastructure development in Malaysia. Additionally, the launch of Net Zero Targets demonstrates our commitment to environmental responsibility, with goals set to reduce operational GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050.
Internationally, mature markets like Singapore and Taiwan, our diversification strategy goes beyond healthcare support services. Leveraging our strong reputation and track record, we are intensifying efforts to explore opportunities in the manufacturing and hospitality sectors to diversify revenue sources. In the dynamic Middle East market, we recognize significant potential driven by rapid growth and untapped opportunities, particularly in emerging smart city developments; prioritising facilities management services to capitalise on these opportunities. UEM Edgenta expanded its footprint in the Middle East with recent acquisitions, further enhancing our real estate services platform and expanding our client base.
UEM Edgenta has reached 82% of its RM100 million savings target for EoTF 2025, with 43% of its new wins attributed to technology-driven strategies, highlighting its resilience and innovation in facing industry challenges. The company's shift towards global leadership in long-term asset management and its focus on markets that appreciate this expertise reflect its adaptability. Despite facing challenges, UEM Edgenta's commitment to execution excellence, international standards, and strong customer relationships has reinforced its industry position. By focusing on strategic resilience, technological advancement, and talent development, UEM Edgenta aims for sustained growth, leveraging its global presence to overcome obstacles, capitalize on opportunities, and ensure long-term value creation for stakeholders.
CENERGI AND KWANTAS FORM JV TO DEVELOP A BIOCNG PLANT IN LAHAD DATU, SABAH
Kota Kinabalu, Sabah - 27 February 2024 – Cenergi SEA Berhad (Cenergi), a subsidiary of UEM Group Berhad, and Kwantas Corporation Berhad (Kwantas), a Sabah-based integrated palm oil producer involved in the entire palm oil supply chain business with presence in Malaysia and China, have entered into a Joint Venture (JV) partnership to undertake the development, construction and operations of a Bio Compressed Natural Gas (BioCNG) plant in Lahad Datu, Sabah.
Cenergi and Kwantas will jointly undertake the development, construction, operations and maintenance of a BioCNG plant located at Kwantas’ Pintasan Palm Oil Mill in Lahad Datu, Sabah expected to be operational by 2Q2025. The plant will generate biogas through anaerobic digestion of POME (Palm Oil Mill Effluent) and through a process of purification and compression of the biogas, convert the biogas into BioCNG.
BioCNG has gas composition similar to that of Natural Gas, enabling it to be used in the same way for heating and power. The BioCNG produced by this facility will be compressed into cylinder tubes and supplied to industrial off-takers in Lahad Datu via trailers that transport the cylinder tubes.
BioCNG is considered an environmentally friendly renewable gas derived from wastes of palm oil mills, and it will enable users to reduce their carbon emissions towards their Net Zero goals. This development enables the start of an ecosystem which further supports the greening of the palm oil industry.
Cenergi Group CEO, Hairol Azizi Tajudin said: “To date, Cenergi has a portfolio of a total of 33 Biogas to Electricity plants in Peninsula Malaysia, including those under construction, which harness biogas from Palm Oil Mill Effluent and convert it to electricity for injection into the grid through Sustainable Energy Development Authority (SEDA)’s Feed-in-Tariff programme. This partnership marks Cenergi’s inaugural venture into biogas development in Sabah, and we are excited to play a part in enhancing the renewable energy options available to the industry. Our goal is to deliver sustainable BioCNG for industrial players in Sabah, meeting the rising energy demand, particularly in the East Coast region. This investment will contribute to a new path for the harnessing of wastes from the palm oil industry into environmentally friendly products.
Kwantas Group CEO, Alvin Kwan said: “Kwantas is excited to announce the partnership with Cenergi to launch a BioCNG plant at Pintasan Palm Oil Mill in Lahad Datu, Sabah as this marks Kwantas first Biogas renewable energy project in Sabah. Our ultimate goal is to reduce carbon footprint and tackle climate change issue by capturing gas emissions from the POME and converting into sustainable BioCNG to fulfil gas and energy demands in the East Coast region. With the availability of BioCNG, the wide applications of BioCNG could potentially expand to applications in the transportation and manufacturing sector.
UEM SUNRISE BERHAD SURPASSES 2023 LAUNCH AND SALES TARGET, AND BOOST DIVIDEND ISSUE
KUALA LUMPUR, 27 February 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the full year ended 31 December 2023 (“FY2023”), with reported revenue of RM1.3 billion driven mainly by its developments namely Residensi AVA in Kiara Bay, Residensi Allevia in Mont’Kiara, Serene Heights, and the Southern developments namely Aspira ParkHomes, Senadi Hills and Aspira Gardens, all in Iskandar Puteri.
The Company’s gross profit margin has improved to 35% in FY2023 (compared to 29% in the corresponding period of 2022), arising from project cost savings from Serene Heights, Solaris Parq and Residensi Astrea in Central and Aspira ParkHomes and Aspira LakeHomes in the Southern region as well as higher margins from land sales recognised in the current year. In tandem with the outstanding gross profit margin, the operating profit has improved by 11% (compared to FY2022) while profit after tax and non-controlling interests (“PATANCI”) for FY2023 was recorded at RM76 million.
As part of UEM Sunrise’s financial and debt management initiatives and on the back of recent successful capital market issuances, the Company remained financially firm given the gross and net gearing of 0.61x and 0.45x, respectively, as of 31 December 2023. The gearing ratio reduced from 0.64x and 0.48x, respectively, as of 31 December 2022. The Company’s healthy cash balance stands at RM1.1 billion as of 31 December 2023, whilst the unbilled sales of RM2.7 billion will be substantially recognised over the next 18 to 48 months.
In FY2023, the Company recorded property sales of RM2.1 billion, with 49% from Central region, mainly from The MINH in Mont’Kiara, The Connaught One in Taman Connaught, Kuala Lumpur, Residensi ZIG in Kiara Bay, and Intrika in Serene Heights. While sales from the Southern region contributed about 10%, mostly from the new phases of Senadi Hills in Iskandar Puteri, international projects contributed the remaining 41% of secured sales during the review period with the sale of the Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277 million (or RM874 million).
Key Drivers of Performance
The three-phase strategic turnaround plan: Triage, Stabilise and Sustain has been a game-changer for UEM Sunrise. Throughout 2023, the Company focused on Triage, which was aimed to strengthen its core business, ensure launch plans were intact and attaining a healthier balance sheet. The last 12 months, UEM Sunrise reinforced its operational excellence across its processes and systems, in preparation to move into the Stabilise phase in 2024. UEM Sunrise Chief Executive Officer Sufian Abdullah said, “Our performance demonstrates the effectiveness of the initiatives taken under Triage, our property launches amounted to RM3.6 billion in GDV, which resulted in sales of RM2.1 billion, is a substantial improvement compared to the previous year.” Triage is the first phase of UEM Sunrise’s three-phase strategic turnaround plan and takes place from 2022 to 2023, followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond).
“The Company’s fundamental focus under Triage is to offload non-strategic lands and non-core assets to streamline the Company’s portfolio, accelerate acquisition plans and expedite development. Through these efforts, we have achieved a robust financial performance in 2023 and we look forward to creating greater value for our shareholders in the future”, he added.
Sufian also shared, “Today, we are delighted to announce that the Board has agreed on an improved dividend payout policy and the Company is pleased to declare a dividend of 0.75 sen per share as a reward to our loyal shareholders.”
Making Strides in Development
A recorded increase in demand for the RISE product series allows UEM Sunrise to activate more of its remaining lands in Iskandar Puteri, Johor. For 2024, UEM Sunrise plans to launch a total GDV of RM0.8 billion, primarily leveraging on the proposed Johor-Singapore Special Economic Zone (JS-SEZ) in Iskandar Malaysia, amongst others.
The target launch pipeline focuses on the Southern region with projects such as Aspira Hills Phase 1 with an expected GDV of RM266 million, DiReka Square, Laman DiReka with an expected GDV of RM165 million, Estuari ParkHomes Phase 2C-1 with an expected GDV of RM123 million and Estuari Greens Phase 1B-1 with an expected GDV of RM65 million; all in Iskandar Puteri.
Within the Central region, the Company will launch new phases in Symphony Hills and Serene Heights with a combined GDV RM217 million. Through these planned launches for the current year, the Company aims for a sales target of RM1.0 billion in 2024.
Expanding Presence in Australia
On the international front, the Company’s developments in Australia have contributed a significant portion towards secured sales during this review period, with the sale of its Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277 million (or RM874 million).
The Company also successfully acquired its first residential development site in Subiaco East in Perth, Western Australia, for AUD22 million (or RM66 million) and will deliver two landmark apartment buildings as part of the state’s most significant urban redevelopment project at the iconic former Subiaco Oval.
The upcoming mixed-use residential precinct will comprise the delivery of sleek dual towers with approximately 430 apartments (subject to development approval and final plans). The project is anticipated to include up to 12% affordable housing as well, which construction is expected to commence in 2026.
A Promising Outlook
UEM Sunrise’s performance for year 2024 will be driven by its sustained efforts, supported by divestment of non-strategic land and non-core assets for which the key focus will be securing the necessary approvals for our previously announced land sales in Tapah, Perak, as well as Iskandar Puteri. The purposed divestment of our interest in Durban, South Africa is still ongoing and expected to complete by end 2024.
Moving forward, the Company shall continue to focus on its three-phase strategic turnaround plan. Following the successful completion of Triage in 2023, it has moved into the first stage of Stabilise (2024 to 2025) with digitalisation and innovation being the key enablers for enhanced efficiency in our operations.
Sustain, the final strategy that goes beyond 2026 in diversifying income streams and uphold our revenue, ultimately aspires to transform UEM Sunrise to become a balanced real estate player, remain financially sound and stay relevant for the future.
GDS SUPPORTS MALAYSIA’S GREEN ENERGY TRANSITION, ENTERS VPPA WITH CENERGI
Shah Alam, Selangor – 26 February 2024 - GDS, a leading developer and operator of high-performance data centers in Asia, has reinforced its commitment to sustainability by establishing a 21-year renewable energy Virtual Power Purchase Agreement (VPPA) with Malaysia’s solar power producer and diversified renewable energy developer, Cenergi SEA Berhad (Cenergi).
The agreement, signed on 2nd February 2024, positions GDS among the first cohort of green power offtakers in Malaysia under the Corporate Green Power Program (CGPP) which is administered by Malaysia’s Energy Commission. The CGPP allows for a total of 800MWac of solar power to be developed by solar producers and secured by corporate offtakers in Peninsula Malaysia. GDS has successfully subscribed to 22.5MWac of renewable power for its Nusajaya Tech Park Data Center Campus in Johor.
The partnership with Cenergi empowers GDS to claim Renewable Energy Credits, facilitating reductions in greenhouse gas emissions and advancing its target of achieving net-zero carbon emissions by 2030.
Cenergi, a subsidiary of UEM Group Berhad, is a premier sustainable energy solutions company specializing in reducing carbon footprint through investment in Renewable Energy and Energy Efficiency projects. Cenergi is currently one of Malaysia’s diversified renewable energy developers and the country’s largest biogas player making it a well-suited collaborator for GDS's sustainability initiatives.
The renewable energy procured through this agreement will be supplied from Cenergi's 29.99MWac large-scale solar photovoltaic farm that will be located in the state of Kedah, Malaysia and is expected to be operational by 4Q2025.
Through this collaboration, GDS anticipates a reduction in its carbon footprint by up to 38,000 tonnes of CO2 equivalent per year, which is equivalent to eliminating CO2 emissions from approximately 8,400 petrol-powered passenger vehicles driven in a year and 7,400 homes' electricity use for one year[1]. Combined with GDS's existing green DC technologies, this initiative establishes a foundation for further reducing carbon emissions and increasing the proportion of renewable energy usage.
William Huang, Chairman and CEO of GDS, said, "Collaborating with Cenergi as pioneers in Malaysia's renewable energy VPPA exemplifies our commitment to fostering sustainability within the industry. As a first mover in Johor with our Nusajaya Tech Park Data Center Campus and various ongoing projects, this endeavor signifies a stride forward in our journey towards achieving net zero emissions and contributing to greening the electricity grid. This partnership not only underscores our dedication to environmental stewardship but also reinforces our position as leaders in driving sustainable innovation within our sector."
Hairol Azizi Tajudin, Group Chief Executive Officer of Cenergi, said, “We’re delighted to partner with GDS in Malaysia's renewable energy journey. This collaboration underlines our dedication to sustainability and fits perfectly with our goal of promoting renewable energy projects. By supplying GDS with green electricity from our upcoming solar farm, we're not just helping them reach their net-zero emissions target but also contributing to Malaysia's larger plan for a greener energy mix. We believe in the positive impact of such partnerships in creating a more sustainable future for all.”
The renewable energy procured from Cenergi's solar farm will also support toward Malaysia’s goal of having 31% renewable energy in its national energy mix by 2025 as outlined in the National Energy Transition Roadmap (NETR).
[1]Based on US EPA GHG Equivalencies Calculator
STRONG TAKE-UP FOR UEM SUNRISE’S PHASE 2B OF SENADI HILLS
KUALA LUMPUR, 8 February 2024 – UEM Sunrise Berhad’s ("UEM Sunrise" or the "Company") Phase 2B of Senadi Hills experienced overwhelming demand, with all non-Bumiputera units sold out shortly after its launch on 18 December 2023, and 86% of the balance Bumiputera lots registered for.
Senadi Hills Phase 2B consists of 91 double-storey terrace homes with a typical lot size of 6.7m x 21.3m (22’ x 70’) and a 206m² (2,222ft²) built-up size. These homes are designed with 4 bedrooms and en-suite bathrooms to improve convenience and privacy for each family member. The layout includes a family area with a high ceiling, perfect for social bonding, along with a spacious car porch that can accommodate two cars.
With these enhanced features, Senadi Hills 2B’s is priced from RM783,650 for Bumiputera, and target to complete by end of 4Q 2025. The previous 3 phases of Senadi Hills recorded 100% units sold out upon phase 1A & 1B launches in the year 2020 and the recent phase 2A launch in June 2023.
“Considering customers’ preferred elements in homes and embed them into our designs, we have seen good traction of non-Bumiputera lots (under Phase 2B) within this multi-generational landed product. The positive result shows a testament to our development quality, especially the NEST Series where we prioritise the family needs”, said UEM Sunrise Chief Marketing Officer Kenny Wong.
“We are happy that for Senadi Hills Phase 2B, there is stronger demand from a good mix of buyer profiles, signalling a shift from mainly local owner-occupier profiles before”, remarked UEM Sunrise Chief Executive Officer Sufian Abdullah.
“Equipped with family-friendly facilities and green spaces for residents of all ages, Senadi Hills offers tranquillity and recreational experience exclusively for its residents. We emphasised an effective design rigour in developing products that best suit our customers’ profile and demographics, " Sufian added.
Located in Iskandar Puteri and a stone’s throw from Singapore, Senadi Hills is easily accessible from Lebuh Kota Iskandar and Jalan Ismail Sultan (Iskandar Coastal Highway). Due to its strategic location, Senadi Hills won the ‘Best Connectivity Landed Development’ award during the PropertyGuru Asia Awards Malaysia 2022. Such recognition is evident of the development’s attractive location and convenience to various amenities, i.e. shopping centres, healthcare facilities, educational institutions and leisure amenities, with Bukit Indah, Horizon Hills, and Nusa Bestari neighbourhoods situated nearby.
To address the growing demand in Johor, an attainable double-storey terrace development, Aspira Hills, is planned for launch in 2Q as part of an improved Gerbang Nusajaya masterplan.
UEM Sunrise is poised to launch more freehold landed homes in Gerbang Nusajaya and Puteri Harbour within this year.
Visit the UEM Sunrise Property Showcase in Imperia, Puteri Harbour, or the Company’s website at uemsunrise.com to learn more about Senadi Hills. The public may also send a WhatsApp message to the Company’s friendly property consultants at +6019 758 3700 for more information.
An artist's impression of Senadi Hills Phase 2B corner lot. The 62-acre Senadi Hills homes are tastefully designed to suit the different multigenerational needs and are surrounded by beautifully landscaped gardens right outside the doorstep.
An artist's impression of facade view of Senadi Hills phase 2B.
An artist's impression of a living hall with an open-plan design showcases a sense of spaciousness.
An artist's impression of a bright and breezy master bedroom.
UEM SUNRISE AND ALLIANCE BANK UNVEIL A PIONEERING PARTNERSHIP WITH THE LAUNCH OF “ALLIANCE HOME COMPLETE” FINANCING PROGRAMME, MAKING HOME OWNERSHIP M
KUALA LUMPUR, 6 February 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) is proud to announce its collaboration with Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”), championing the industry to partner in the Alliance Home Complete programme. This milestone signifies progress in making home ownership easily accessible and enhances the home-buying experience.
This financing solution aims to offer flexibility to homeowners by providing additional loan of up to 10% of the property value, or a maximum of RM150,000. An initiative designed to empower homeowners to customise their living spaces for renovations and interior design, we ensure them to be ‘worry-free’ of initial cash outlay.
"The primary objective at UEM Sunrise is to create homes that cater to the diverse needs and aspirations of our customers. Our hope is for this creative collaboration with Alliance Bank, would help our customers with the extra boost to help them settle in their dream homes better,” remarked UEM Sunrise Chief Executive Officer Sufian Abdullah.
“Partnering with Alliance Bank to offer alternatives beyond the conventional financing solutions is part of our ongoing commitment to empower home-buyers in not only reducing financial burdens, but make their homeownership journeys hassle-free and enjoyable," Sufian added.
Sharing the same sentiment, Group Chief Consumer Banking Officer of Alliance Bank, Ms Gan Pai Li said, “At Alliance Bank, we aim to provide financing packages that meet our customers’ evolving needs. With Alliance Home Complete financing, homeowners shall gain immediate access to funds in realising their dream homes.”
“This exclusive offering is coupled with Alliance Bank’s mortgage products, to ensure a more streamlined and efficient application experience for the homebuyers. Moreover, customers can now enjoy lower interest rates with us upon purchasing UEM Sunrise’s green certified properties”, said Ms Gan.
UEM Sunrise is optimistic about the Alliance Home Complete programme, envisaged to driving better take-up rates for the company’s participating projects. The projects include 2023’s key launches in Klang Valley such as The MINH, The Connaught One, and Serene Heights Intrika, while Aspira Gardens, Aspira Parkhomes and Senadi Hills 2A are based in Johor.
For more information on how this financing solution benefits homeowners, please visit https://www.uemsunrise.com/highlights/happenings/alliance-home-complete
UEM Sunrise CEO Sufian Abdullah (center) with Group Chief Consumer Banking Officer of Alliance Bank Group Consumer Banking Ms Gan Pai Li at the Alliance Home Complete Collaboration Announcement event at Kiara Bay Sales Gallery.
UEM SUNRISE’S CONCEPTUALISED BUNGALOW IN THE SKY, RESIDENSI ALLEVIA MONT’ KIARA SUCCESFULLY TOPPED OUT
KUALA LUMPUR, 24 January 2024 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has further bolstered its presence in the Klang Valley with the recent topping out of its luxury residence in Mont’Kiara, Allevia yesterday.
With its roof slab completed to the topmost floor, the residential development significantly marks UEM Sunrise’s presence in the neighbourhood as one of the pioneer developers of Mont’Kiara.
“Yesterday’s landmark achievement strengthens presence and portfolio in the Central region. UEM Sunrise’s topping out tradition is a pivotal point in the construction process, symbolising the completion of the structural phase and the development of another UEM Sunrise luxury residence with breathtaking views of the Mont’Kiara Skyline,” said UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit at the event.
Unveiled in 2020, the residence covers a generous 1.2-hectare (2.94-acre) land, consisting of 43-storey cloud-piercing towers thoughtfully designed amid its bustling surroundings. Each tower comes with four units per floor with built ups ranging between 158 m2 (1,703 ft2) to 244 m2 (2,634 ft2).
Residents of Allevia will enjoy the luxurious space layouts from the distinctive living and dining areas and dry kitchen in an open plan configuration. With only 4 units per floor, makes for a tranquil space and a great haven for solace and coupled with a stunning view of the Mont’Kiara skyline, Allevia is a mix of vibrant modernity and cozy living. Prices of the units start from RM1.5 million to RM2.5 million.
“This 43-storey low-density towers achieved gold star rating in Green-RE and was awarded the Best Green High-Rise Development is perfectly crafted for sustainable and green living. We prioritise natural light and ventilation in common spaces, water efficient fittings and residents can also be at peace with reduced noise levels reinforced by the density of the wall fixtures,” Liong added.
Notable accolades achieved by Allevia include an outstanding 97.32% score for SHASSIC (Safety and Health Assessment System in Construction) assessment conducted by Construction Industry Development Board (CIDB) Malaysia, earning the development a 5-star rating, honored at the Asia Pacific Property Awards 2020 under the International Property Awards in two categories: Residential High-Rise Development and Architecture Malaysia, The Pinnacle Award for Best High-End High-Rise Development and the Family Friendly Award for Best Family-Centric High-Rise Development at the StarProperty Real Estate Developer Awards 2021.
Allevia is situated on the last remaining parcel of vacant land in the exclusive, dedicated access of Jalan Kiara 4 in Mont’Kiara, where the residence boasts unparalleled privacy while surrounded by a vibrant international community that caters to expatriates and the affluent target market.
Strategically located in the international neighbourhood of Mont’Kiara, Allevia is within walking distance of Mont’Kiara’s Central Business District, allowing residents to do their shopping and grocery runs with ease. For daily commuters, the residence can easily connect to various highways, including the SPRINT highway.
The residential development is known as the first condominium in Mont’Kiara to provide a Touchless Button Lift System and a rooftop cycling studio located on the same level as the well-equipped gym and private lounge.
Designed for a holistic living experience, the rooftop facilities offer unobstructed, panoramic views of the city to elevate fitness, leisure, and relaxation activities. Residents may organise private dining events with families and friends in sheer luxury at the facilities perched high in the sky, with picturesque views of the KL skyline.
Allevia’s world-class amenities feature a vast 0.9-acre open facilities deck equipped with a lap pool, open lawn, wet and dry playground for children, and a BBQ area at the 7th-floor Podium for ultimate enjoyment and extravagance of living space.
Allevia has an estimated gross development value (GDV) of RM546.7 million, with 75% completion as of January 2024 and scheduled for its handover by 1Q 2025. The luxury residence is currently 90.5% taken up.
Also, in attendance at the topping out ceremony were UEM Sunrise Independent Non-Executive Director Chari T.V. Thirumala; UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit; Chief Financial Officer Hafizuddin Sulaiman and General Manager Chong Chai Wea, Crest Builder Sdn Bhd Managing Director Eric Yong Shang Ming; Chief Executive Officer Teh Hock Hua and Chief Operating Officer Ir. Dr. Lawrence Siew, RSP Architects Sdn Bhd Managing and Design Director of Ar. Hud Bakar and JPS Consulting Engineers Sdn Bhd Director Ir. Goh Yoke Loong.
For more information about Allevia, please visit uemsunrise.com
PLUS STARTS ROAD RESURFACING WORKS ON SIMPANG PULAI-GOPENG STRETCH FROM 22 JANUARY TO 7 FEBRUARY FOR HIGHWAY USERS’ COMFORT
Petaling Jaya, 20 January 2024:- Highway users travelling on the Simpang Pulai-Gopeng stretch (Southbound) on the North-South Expressway are advised to plan their journeys accordingly due to the phased lane closures scheduled to take place between KM291.4 and KM296.4 (Southbound) from 22 January (Monday) to 7 February (Wednesday) 2024.
This is to facilitate road resurfacing works that will be carried out progressively at the specified location on weekdays during the mentioned period. PLUS Malaysia Berhad (PLUS) prioritises the safety and comfort of highway users and consistently undertakes various efforts and initiatives to enhance both aspects.
Throughout this period, the use of each lane will be activated periodically as soon as the road resurfacing works are completed.
Therefore, highway users are advised to plan their journeys using the PLUS App to obtain the latest traffic information. They are also advised to adhere to all traffic signs and instructions issued by PLUS personnel when passing through the affected area. Additionally, highway users can get the latest traffic information or in the event of any emergencies, please contact its PLUSLine at 1800-88-0000.
UEM LESTRA, HEXA RENEWABLES AND ITRAMAS MAKES PROGRESS ON 1GW HYBRID SOLAR POWER PLANT
KUALA LUMPUR, 19 January 2024 – UEM Group Berhad (UEM Group) through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra) along with HEXA Renewables Malaysia Sdn Bhd (HEXA Renewables) and ITRAMAS Corporation Sdn Bhd (ITRAMAS) announced today that they have made significant strides in developing the one-gigawatt (1GW) hybrid solar power plant, a project that was first announced by the Government in July 2023.
The 1GW project is a key flagship venture under the National Energy Transition Roadmap (NETR) and on 27 July 2023, the three companies signed a Memorandum of Understanding (MoU) for UEM Group to consider participating through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity).
In less than six months after the MoU signing and to partly realise the 1GW project, the following agreements were signed today which will see the three companies working together to develop the first 500-megawatt (500MW) hybrid solar power plant, to be located in Segamat, Johor:
- Shareholders agreement between UEM Lestra and HEXA Renewables to form a joint venture company (JV) known as, Lestra Hexa JV Sdn Bhd (Lestra Hexa JV), an entity that is 51%-owned by UEM Lestra and the remaining 49% by HEXA Renewables.
- Technical partner agreement between Lestra Hexa JV and ITRAMAS, Malaysia’s largest vertically integrated solar plant developer, EPCC (Engineering, Procurement, Construction, and Commissioning) and service provider. Under this agreement, ITRAMAS will provide technical services in developing a complete EPCC package for Lestra Hexa JV.
Present and signing on behalf of UEM Lestra was its Chairman and Managing Director of UEM Group, Dato’ Mohd Izani Ghani while HEXA Renewables was represented by its CEO, Vince Choi and ITRAMAS by its Group Managing Director, Lee Choo Boo.
Present to witness the event were Datuk Amran Hafiz Affifudin, Chairman of UEM Group, Harsh Agrawal, Senior Partner, I Squared Capital, the parent company of HEXA Renewables, and Tunku Hammam Tunku Sulong, Executive Director of ITRAMAS.
Dato’ Mohd Izani said, "We’re off to a good start in realising this strategic and high-value national flagship energy transition project. In addition to formalising our partnerships with HEXA Renewables and ITRAMAS, we have also secured a suitable land in Segamat, Johor that will house the 500MW hybrid solar power plant.
“I’m pleased to also share that engagements with potential off-takers for the first 500MW solar power plant have been positive and we will be firming up the details in the coming months. In addition, we will be working with the Government on the details of the Third Party Access (TPA) framework that will enable this project to go live,” he added.
On the remaining 500MW, Dato’ Mohd Izani shared said that discussions between UEM Lestra and its other partners are ongoing and an update on will be provided in the near future.
Commenting on the progress made, Vince Choi, CEO of HEXA Renewables said, ”We are extremely excited to have reached another significant milestone towards realising this monumental project of Malaysia’s NETR. The team has been working relentlessly to come this far and will continue to leverage on our collective strengths and experience in developing and executing projects of this scale. We are confident the project, along with other NETR initiatives, will blaze the trail of making Malaysia the renewable energy hub of South-East Asia.”
This was further echoed by ITRAMAS’ Lee Choo Boo, who said, “The progress of this project, together with our partners, UEM Lestra and HEXA Renewables, is a source of great enthusiasm for the entire team at ITRAMAS. It's a milestone we have been eagerly working towards. The development and finalisation of the TPA framework, along with our engagements with potential off-takers, are pivotal in shaping our project's immediate impact, transitioning our plans into action. This collective commitment is poised to make a significant, tangible contribution to Malaysia's energy landscape."
UEM EDGENTA LEADS THE WAY IN ETHICAL BUSINESS PRACTICES
KUALA LUMPUR, 17 January 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), a leading Asset Management and Infrastructure Solutions company in the region, held its annual Integrity Day event marking the Company’s renewed pledge in fostering a culture of ethical and transparent business practices.
Riding on the theme of "Reinventing the Future Through Good Governance", UEM Edgenta is making strategic moves to revitalise its commitment towards good governance. Officiated by YDH Dato’ Sri Ayob Khan Mydin Pitchay, Deputy Inspector General of Police, the event aims to raise awareness and encourage ethical behaviour among UEM Edgenta employees. Also in attendance to witness the event were important stakeholders such as Polis DiRaja Malaysia (PDRM), Rasuah Busters, the Community Education Division (PenMas) of the Malaysian Anti-Corruption Commission (MACC), and SIRIM QAS International Sdn. Bhd. (SIRIM QAS).
Sharing his thoughts in his opening speech, Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta shared, “We believe that integrity and transparency are the cornerstones of sustainable growth. The lack of these qualities not only harms the individual but also has a detrimental impact on any company’s performance and reputation, which in the long run will impact the organisation’s long-term sustainability. Today’s event is just one of many initiatives the Company has planned in our continuous efforts of strengthening corporate governance and the culture of responsible business conduct. At UEM Edgenta, our dedication lies in fortifying a culture of integrity and ethics throughout the organisation. Embedded in the Company's core values, these principles are intrinsic, guiding our businesses and operations towards unwavering integrity and outstanding performance. As a public listed company, we are adamant that all our business undertakings and proceedings are in strict adherence to good corporate governance practices.”
Syahrunizam underscored UEM Edgenta's steadfast commitment to combatting bribery and corruption through its zero-tolerance policy, backed by initiatives such as the Anti-Bribery & Anti-Corruption (ABAC) Policy & Guide, policy addressing conflicts of interest, and easily accessible whistleblowing platforms. This commitment to ethical conduct is furthered through continuous learning and communication, ensuring transparency and accountability at every level.
As part of the process towards good governance, UEM Edgenta has successfully obtained the ABMS 37001 certification (Anti Bribery Management System) issued by SIRIM QAS. This esteemed recognition was presented by Mohd Faisal Abdul Shukor, Group Chief Marketing Officer, SIRIM Berhad to Syahrunizam at the event.
"At UEM Edgenta, achieving the ABMS certification was no small feat. It demanded unwavering dedication and a series of strategic steps. Kudos to the unwavering commitment of our Risk, Integrity & Compliance Department who have been the driving force behind our relentless pursuit of this certification. Their dedication ensures that our organisation is recognised for upholding the highest standards of governance. This is not just a certification; it's our commitment to a future free from corruption, where integrity takes the lead,” commented Syahrunizam further.
The ABMS 37001 certification was launched in Malaysia following an application to the Department of Standards Malaysia by MACC to adopt the ISO 37001 in the country. ISO 37001/ MS ISO 37001 is a voluntary internal control system for organisations to manage, handle, enforce, evaluate as well as improve anti-corruption measures effectively. It can be adapted to mitigate the corruption risks faced by any organisations, and designed to assist organisations in showing stakeholders that an adequate implementation of anti-corruption measures and initiatives are in place.
Reinforcing its dedication to combating corruption, UEM Edgenta proudly welcomes Rasuah Busters, a leading anti-corruption NGO, as its Synergy Partner. This collaboration signifies a united effort between the two organisations to intensify anti-bribery and anti-corruption initiatives, benefitting both UEM Edgenta employees and the wider public with the aim to foster a culture of integrity and accountability through targeted activities and awareness campaigns. Founded and led by Dato’ Hussamuddin Haji Yaacub, Advisor of Kumpulan Karangkraf, Rasuah Busters aims to raise awareness among Malaysians about the issue of corruption through a crowd-sourced effort. Rasuah Busters encourages the people to be the eyes, as well as ears of the authorities, and have the courage to report misconduct and corrupt practices.
The one day event saw various activities lined up, including impactful talks conducted by representatives from PDRM; Superintendent Nur Asrul Ariff equipped staff with the knowledge and skills to safeguard themselves and the company from the burgeoning threat of cybercrime while ACP Siti Kamsiah Hassan discussed workplace sexual harassment, giving employees crucial legal insights and prevention strategies.
UEM Edgenta’s Integrity Day culminated in a small yet impactful ceremony, further amplifying the message of ethical conduct. Car stickers emblazoned with the empowering message "Speak Up" were distributed and affixed to company vehicles. These stickers now serve as a perpetual reminder, symbolising the unwavering commitment to fostering a culture where voicing concerns and taking a stand against unethical behavior are not only encouraged but celebrated, ensuring that the commitment to ethical conduct resonates throughout the organisation.
Committed to playing its part in building a more sustainable future for Malaysia, UEM Edgenta’s Integrity Day was built upon the company’s strong foundation in ethical business practices which reinforced UEM Edgenta’s commitment to operating with the highest standards of integrity, ethical and transparency that served as a valuable platform for employee engagement and development.
UEM Edgenta continues to foster a culture characterised by uncompromising integrity, high accountability, and ethical conduct. This commitment ensures a more sustainable future for all stakeholders.
UEM SUNRISE UNVEILS REFRESHED PROPERTY APP, ESG INITIATIVE AND EXTENDED REWARDS PROGRAMME
KUALA LUMPUR, 11 January 2024 – Leading property developer UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) unveiled an upgrade to its award-winning mobile app, hUb Prop, at the Kiara Bay Sales Gallery today. Initially a digital concierge, the app has evolved to transform the customer journey of UEM Sunrise.
The company has consistently invested in creating value-added services for its customers. The enhanced features and exclusive offerings of the app leverage the Tresor Partnership Program.
The event signifies a major milestone for UEM Sunrise, demonstrating the company’s commitment to align with the digital revolution by modernising its systems and processes to better connect and interact seamlessly with its customers.
UEM Sunrise Chief Executive Officer Sufian Abdullah said at the event “Digitalisation has always been our top priority. We are committed to introducing cutting-edge solutions for our customers and building an app that assists property investors and homeowners in navigating their home ownership journey with ease and efficiency.”
hUb prop serves as a self-service channel for users to obtain selected services and information about UEM Sunrise. This includes exclusive rewards, product launches, latest events, sales campaigns/promotions, immersive virtual tours, monitoring progress billing and viewing project progress, scheduling key handover appointments, and defects management.
The launch event showcased the app’s improved features, including a user-centric interface that allows home buyers to monitor project progress, billing, and product defects.
In addition to its facelift, the app offers a wide range of services designed to enhance the home buying journey. Customers have exclusive access to rewards and privileges through the UEM Sunrise customer loyalty program, Trésor.
This initiative is also part of the Company's commitment to acknowledge the Trésor community, which contributed significantly to the company’s sales in 2023, accounting for 34% of total sales. This success is attributed to repeat purchase discounts and an attractive referral scheme.
The Trésor program has expanded to include more than 30 merchants and brands, offering services such as interior design packages, home furnishing, home warranty, emergency home assistance, and solar panel subscription and ownership.
"We are proud to announce that we are the first property developer to incorporate ESG initiatives in a mobile app. Our collaboration with Sireh Park's "Plant the Future" campaign is a testament to UEM Sunrise's commitment to biodiversity and environment conservation," said Sufian.
The user-friendly interface and intuitive features complement traditional marketing methods by providing 24/7 accessibility, and a game-changing ESG function, product offerings, and services.
hUb Prop app is available for download from the IOS App Store and Google PlayStore on 11 January 2024 onwards. For more information, please visit uemsunrise.com.
UEM Sunrise CEO (center) with the partners of the Tresor Partnership Programme at the unveiling event of enhanced hUb Prop mobile app at Kiara Bay Sales Gallery today.
From left - UEM Sunrise Berhad's Director, Digital & Technology Innovation, Hasniza Mohamed, Chief Executive Officer, Sufian Abdullah and Chief Marketing Officer, Kenny Wong showing the enhanced hUb Prop mobile app during the unveiling event at the Kiara Bay Sales Gallery today.
CIMA’S UPC LAUNCHES NEW BATCHING PLANT IN SENDAYAN TO SUPPORT DEVELOPMENTS IN NEGERI SEMBILAN
SENDAYAN, 9 January 2024 – Cement Industries Malaysia Berhad (CIMA)’s ready-mix division and wholly-owned subsidiary, Unipati Concrete Sdn Bhd (UPC) has launched its fifth batching plant located in Sendayan, Negeri Sembilan to support various developments and construction projects in the State.
With this fifth facility, which started operations in August 2023, UPC’s annual concrete production capacity now stands at 933,000 m3 (cubic meters). The Sendayan batching plant is essential in ensuring steady supply chains and optimising delivery of ready-mix solutions to various and prominent developments in Negeri Sembilan including those located within Malaysia Vision Valley 2.0 as well as various residential and commercial constructions in Sendayan, Nilai, and Labu.
The Sendayan batching plant was officially launched by YAB Dato’ Seri Haji Aminuddin Harun, Menteri Besar of Negeri Sembilan, at a ceremony held earlier today. The event was also attended by YB Dato’ Mohd Zafir Ibrahim, Negeri Sembilan State Secretary; Dato’ Mohd Izani Ghani, Managing Director of UEM Group Berhad and Chairman of UPC; Dato’ Zaiviji Ismail, Chairman of CIMA; Sharuddin Omar Hashim, Managing Director of CIMA; and Hassan Basri, Head of UPC.
This latest batching facility underscores CIMA’s commitment and expansion in Negeri Sembilan, where it has been operational since 1994. Over the past three decades, CIMA has invested close to RM2 billion to develop a fully integrated operation in the state - which extends from securing upstream raw materials to delivering downstream cement and ready-mix concrete, as well as providing tailored solutions for specialised projects. Its cement plant located in Bahau has over 600 direct and indirect employees.
Dato’ Zaiviji Ismail said, “The launch of this new batching plant represents not only an expansion for UPC but embodies CIMA’s resolute pledge to be at the forefront of Malaysia’s vibrant construction industry.”
“UPC, one of the key contributors to CIMA’s revenue, is committed to leading the production of innovative and greener ready-mix concrete solutions that align with our sustainable construction initiatives. We are ready to amplify our collaboration with the State Government and its agencies to advance these sustainable practices in Negeri Sembilan, thereby contributing significantly to the reduction of the country's carbon emissions”, he further asserted.
In addition to Sendayan, UPC’s four other batching plants, located in Sungai Besi, Nilai, Labu and Pulau Meranti, have achieved ISO 9001 certification and hold the Standard Compliance Certificate (PPS). Since its inception in 1993, UPC has specialised in delivering customised concrete solutions tailored to the specific requirements of diverse development projects where its high performance concentre and green concrete products are often used in iconic infrastructure projects such as the Sultan Abdul Halim Mu'adzam Shah Bridge in Pulau Pinang, the LRT networks in the Klang Valley, and the monumental Merdeka 118 Tower in Kuala Lumpur.
PLUS TO ADD 12 MORE RFID LANES AT 11 TOLL PLAZAS IN STAGES
PLUS Malaysia Berhad (PLUS) welcomes the announcement by YB Minister of Works Malaysia, YB Dato’ Sri Alexander Nanta Linggi and a media statement by the Malaysian Highway Authority on 13 January 2023 regarding the additional RFID lanes on the PLUS Highway.
PLUS is committed to add 12 more RFID lanes at 11 major toll plazas on our highways namely the Rawang Selatan, Setia Alam, Kubang Semang, Subang, Putra Mahkota, Shah Alam, Jalan Duta, Penang Bridge, Sungai Buloh, Sungai Besi, and Kajang Toll Plazas, to provide better service for the well-being, comfort, and smooth journey of highway users.
We expect all additional RFID lanes to be completed in stages by mid-April this year.
PLUS also advises that all RFID users to always use the same RFID lane or payment mode when entering and exiting the toll plaza, as well as ensuring sufficient eWallet balance before travelling on the highway, for a smoother travel experience.
OVER 100 FOOD OUTLETS OFFERING MENU RAHMAH AT PLUS R&RS
PLUS Malaysia Berhad (PLUS) targets more than 100 food outlets at its rest and service areas (R&Rs) across its 1,130KM-long highway network to offer Menu Rahmah by middle of March. The move is in support of the Minister of Works, YB Dato Sri Alexander Nanta Linggi’s call for highway concessionaires to support the Ministry of Domestic Trade and Cost of Living’s Menu Rahmah initiative for the Rakyat.
The First Phase implementation of Menu Rahmah for highway users was rolled out since 23rd February at selected R&Rs and lay-bys in the Central Region on PLUS offering lunch (between 12 noon and 2 pm) and dinner (between 7 pm and 9 pm) at selected participating food outlets.
For a start, 8 R&Rs and 6 lay-bys are now offering Menu Rahmah to highway users at Tapah R&R (Northbound & Southbound), Ulu Bernam R&R (Southbound), Rawang R&R (Northbound), Sungai Buloh Overhead Bridge Restaurant, Seremban R&R (Northbound), Dengkil R&R (Northbound & Southbound), Simpang Pulai Lay-by (Northbound & Southbound), Serdang Lay-by (Northbound & Southbound) and Nilai Lay-by (Northbound & Southbound).
The second phase, which covers R&Rs and lay-bys in the Northern Region, is expected to be rolled out before 2nd March. The third phase, which will be implemented before 9th March, will cover R&Rs and lay-bys at the Southern Region as well as Lebuhraya Pantai Timur 2 (LPT2).
Today, the Minister of Works and the Minister of Domestic Trade and Cost of Living, YB Datuk Seri Salahuddin Ayub paid a visit to the Dengkil R&R (Southbound) to take closer look at the implementation of Menu Rahmah at PLUS.
Also present were the Director-General of the Malaysian Highway Authority, Dato’ Ir. Mohd Shuhaimi Hassan, Board of Director of PLUS and Managing Director of UEM Group, Dato’ Mohd Izani Ghani and PLUS Chief Operating Officer Datuk Zakaria Ahmad Zabidi.
PLUS SASAR PERKENAL PEMBAYARAN TERBUKA DI JAMBATAN PULAU PINANG DAN BKE SEPTEMBER INI
PLUS Malaysia Berhad (PLUS) menyambut baik kenyataan Menteri Kerja Raya, YB Datuk Seri Alexander Nanta Linggi baru-baru ini berhubung pelaksanaan pembayaran tol secara terbuka menggunakan kad debit atau kad kredit di beberapa buah lebuh raya termasuk Jambatan Pulau Pinang.
Ketua Pegawai Operasi PLUS, Datuk Zakaria Ahmad Zabidi berkata, “PLUS akan bekerjasama dengan pihak Lembaga Lebuhraya Malaysia (LLM) dalam merealisasikan matlamat ini menjelang September yang akan datang. Malah, kami juga sedang giat membuat persiapan untuk mengadakan ujian pembayaran tol secara terbuka menggunakan kad debit dan kad kredit di Lorong RFID selain daripada e-wallet Touch ‘n Go di Jambatan Pulau Pinang. Manakala di Lebuhraya Butterworth-Kulim (BKE) pula, persediaan sedang dibuat untuk menguji sistem pembayaran terbuka menggunakan kad kredit atau debit di Plaza Tol Kubang Semang.”
Menurutnya, pelaksanaan pembayaran terbuka menggunakan kad debit atau kad kredit dijangka memberikan lebih pilihan kepada pengguna lebuh raya apabila ia dilaksanakan kelak.
“Pihak PLUS sentiasa bersedia meneroka dan menguji kaedah-kaedah pembayaran tol yang lebih mudah dan memberi lebih keselesaan kepada pengguna lebuh raya,” tambah beliau.
PLUS NAMAKAN DATUK NIK AIRINA SEBAGAI PENGARAH URUSAN BAHARU
PLUS Malaysia Berhad (PLUS) telah melantik Datuk Nik Airina Nik Jaffar sebagai Pengarah Urusan yang baharu berkuat kuasa pada 1 Mei 2023.
Datuk Nik Airina tidak lagi asing di dalam industri lebuh raya dan PLUS, kerana sebelum ini beliau pernah berkhidmat dengan syarikat ini selama sepuluh (10) tahun dari 2001 sebelum dilantik sebagai Ketua Pegawai Operasi pada 2006. Pada 2010, beliau telah dilantik sebagai Pengarah Urusan Opus Group Berhad dan kini merupakan Pengarah Urusan UEM Builders Berhad serta Pengarah Projek Khas & Kewangan Korporat di UEM Group Berhad. Datuk Nik Airina mempunyai pengalaman luas melebihi 30 tahun dalam industri infrastruktur pengangkutan dan kesihatan, setelah terlibat dalam pembangunan, pelaksanaan dan operasi projek infrastruktur utama di rantau ini. Beberapa projek utama yang pernah diceburinya termasuklah Lebuhraya Utara-Selatan, Lebuhraya Pan Borneo Sabah, Projek Sambungan LRT dan Lebuhraya Cikopo-Palimanan di Indonesia.
“Memandangkan pengalaman luas Nik Airina dalam menerajui pelbagai perniagaan dan kepakaran dalam operasi rangkaian lebuh raya dan pengurusan aset serta kedudukan dalam industri, kami yakin beliau akan terus mengemudi PLUS dalam mencapai matlamat dan objektifnya. Antaranya adalah untuk memastikan kelestarian perniagaan jangka panjang, pengurusan pihak berkepentingan strategik dan operasi dan tahap perkhidmatan yang cekap untuk pengguna kami,” kata Pengerusi PLUS, Dato' Mohamad Nasir Ab. Latif.
Datuk Nik Airina memegang Ijazah Sarjana dalam Kejuruteraan Awam dari University of Miami, Florida dan kini menganggotai Lembaga Pembangunan Industri Pembinaan (CIDB) Malaysia dan Universiti Teknikal Malaysia Melaka (UTeM).
PLUS WINS 2023 PR ASIA AWARD FOR THE BEST CRISIS MANAGEMENT STRATEGY
PLUS Malaysia Berhad (PLUS) won the Silver Award for the Best Crisis Management Strategy Category at the Marketing-Interactive 2023 Public Relations Awards held in Singapore on 27th April 2023.
PLUS' “RFID Rollout Blowout!” Crisis Management Strategy, executed in 2022, was selected among 6 leading international and regional finalists from the US, Indonesia, Hong Kong and Singapore.
PLUS’ Corporate Communications team initiated a crisis communications strategy to counter the negative public perception issues that arose when the RFID system was implemented across the North-South Expressway in January 2022.
As a result of the crisis management strategy, public issues related to the notion and perception of the implementation of RFID have been addressed, and now highway users are switching to the RFID system, in line with the Government's goal of implementing the Multi-Lane Fast Flow (MLFF) congestion free highway in 2025.
UEM SUNRISE SUPPORTS THE KUALA LUMPUR ARCHITECTURE FESTIVAL TO FOSTER AND STRENGTHEN THE TRANSFER OF KNOWLEDGE BETWEEN ARCHITECTS AND THE BUILT INDUSTRY
KUALA LUMPUR, 22 December 2023 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") is proud to announce its collaboration with the Kuala Lumpur Architectural Festival ("KLAF") for the KLAF Design Charrettes 2023. This initiative is designed to cultivate meaningful interactions within the built environment communities. Participants include representatives from professional architectural bodies, city council members, architecture students, academicians, and place-makers. The primary objective is to facilitate idea-sharing sessions and develop innovative solutions for the industry.
Themed "Urban Canvas: Painting Places and Connecting Cities", the KLAF Design Charrettes 2023 took place from 10 to 16 December at the Malaysian Institute of Architects ("PAM") Centre. The event featured the active participation of 66 students from a variety of universities, each guided by one facilitator, organised into ten groups. The goal is to scrutinise selected site locations with unique and unconventional challenges. Subsequently, participants were tasked to propose innovative architectural solutions centred around community building, sustainability, technology, and innovation.
Recognising that the built environment encompasses cities, buildings, community and transportation infrastructure, and open space, among other elements, UEM Sunrise is committed to collaborating with like-minded partners to nurture both seasoned professionals and aspiring university students. This commitment was exemplified through the organisation of workshops and knowledge-sharing sessions, which serve as a platform to effectively delve into innovative solutions and address contemporary challenges in urban planning and design.
“The KLAF Design Charrettes 2023 provided UEM Sunrise with an excellent platform to champion sustainable and liveable concepts for the future,” remarked UEM Sunrise Chief Executive Officer, Sufian Abdullah.
“We have a fantastic partnership with PAM, and together, we have the means to empower these talented young designers, enabling them to showcase their cutting-edge, innovative ideas that can seamlessly integrate as built environment solutions", he added.
The programme aims to achieve three key objectives:
- To reinforce the built environment community's understanding and deliberate on the latest trends, culture, sustainability, and urban development in fostering a collaborative mindset amongst a diverse group of experts.
- To encourage a culture of growth and intellectual advancement by introducing new skills in innovative design methods and technology, enhancing the community's existing expertise by adopting best practices from various regions.
- To provide a space for participants to creatively explore and test their ideas, methods, and solutions through teamwork in authentic and challenging sites.
The programme's closing ceremony was held on 16 December at UEM Sunrise's Kiara Bay Sales Gallery in Kepong.
KLAF 2023 Convener for Engage: Design Charrettes programme, Ar. Syah Kamaruddin said: "The Design Charrettes programme stands as a transformative initiative, orchestrating key cross-disciplinary collaborations, promoting unconventional and creative ideas, community engagement, and team building. Anchored in an accelerated design process, this programme unites key stakeholders such as PAM, UEM Sunrise, Board of Architects, and Kuala Lumpur City Hall."
"Architectural students and graduate architects, guided by enthusiastic mentors, participate in these sessions marked by cooperation and mutual respect. The sessions conducted not only aimed to shape the immediate design-focused solutions but also an opportunity for emerging practices and future architects to showcase their adept skills and innovative services."
A few of KLAF Design Charrettes 2023's mentors, Ar. Jai Mahadi, Ar. Michael Tan and Ar. Razi Junaidi collectively said: "The collaboration between UEM Sunrise and PAM offers engagement among stakeholders, architects, and students, allowing the designers to be creative in their proposals and show feasibility from the stakeholders' point of view. This event displayed stakeholders' commitment to pushing boundaries and considering valuable ideas for the development industry.
"We are glad to participate in the one-week intensive design charrette where architects share their knowledge and experience, giving the students a chance to learn not just technical but also designing outside the box and presenting their ideas to the public and stakeholders. We are excited to work together again next year."
Organised by PAM, KLAF is a significant event held annually on Malaysia's architectural calendar to unite and galvanise a group of influencers within the industry and discipline. Through the establishment of NEXT100, KLAF intends to engage and collaborate with communities from all over Malaysia and the region, committed to stimulating innovative discourse, prompting a re-evaluation of architectural priorities, and encouraging the exploration of new horizons.
UEM Sunrise CEO Sufian Abdullah shared a few words during the closing ceremony of KLAF Design Charrettes 2023 on 16 December.
KLAF Director Ar. Norzaini Mufti presented his speech during the closing ceremony of KLAF Design Charrettes 2023 on 16 December. Photo by GarisPixel.
Standing from left: KLAF Mentor Ar. Razi Junaidi; UEM Sunrise Manager of Design Nur Adila Hisham; Past PAM President Ar Lillian Tay; UEM Sunrise CFO Hafizuddin Sulaiman; LAM President Dato Ar. Azman Md. Hashim; UEM Sunrise CEO Sufian Abdullah; KLAF Director Ar. Norzaini Mufti; Ketua Pegawai Perancang Bandar dan Desa DBKL Shariman Abdul Wahab; UEM Sunrise Head of Lab Asdinor Hakim Anuar Apandi; UEM Sunrise Head of Corporate Communications and Branding Yuswanis Yusof; KLAF Mentor Ar. Jai Mahadi; KLAF Mentor Ar. Michael Tan; and KLAF 2023 Convener for Engage Ar. Syah Kamaruddin posed for a group photo with the winners during the KLAF Design Charrettes 2023.
PLUS AMBIL LANGKAH PROAKTIF UNTUK MENGENDALIKAN PENINGKATAN JUMLAH KENDERAAN DI LEBUH RAYA SEMPENA CUTI PERAYAAN & HUJUNG TAHUN
Petaling Jaya, 22 Disember 2023:- PLUS Malaysia Berhad (PLUS) menjangkakan peningkatan trafik sehingga 2 juta kenderaan sehari akan berada di lebuh raya kendaliannya terutamanya pada hari-hari puncak bersempena dengan musim cuti sekolah, perayaan Krismas dan Tahun Baharu.
Sehubungan itu, PLUS menasihatkan orang ramai yang menggunakan Lebuhraya PLUS di antara 22 Disember 2023 hingga 1 Januari 2024 supaya merancang perjalanan mereka dengan memilih waktu perjalanan yang sesuai untuk mereka mula memasuki lebuh raya melalui jadual digital My-TTA di dalam Aplikasi PLUS sepanjang tempoh musim perayaan ini. Pada masa yang sama, PLUS turut proaktif membuat persediaan-persediaan lain untuk menguruskan peningkatan trafik melalui pelbagai pendekatan untuk membantu pengguna lebuh raya menikmati perjalanan yang selamat, lancar dan selesa sempena musim cuti sekolah, perayaan Krismas dan Tahun Baharu pada kali ini.
Sehubungan dengan itu, PLUS akan turut mengambil langkah-langkah berikut:- 1) Menambah pasukan PLUSRonda untuk mengadakan lebih rondaan di lebuh raya. 2) Menghentikan sementara kerja-kerja penyelenggaraan jalan di antara 20 Disember 2023 hingga 1 Januari 2024 (pengecualian diberikan kepada kerja-kerja kecemasan yang memerlukan tindakan segera demi keselamatan pengguna). 3) Menugaskan kira-kira 4,600 kakitangan di plaza-plaza tol, anggota PLUSRonda, kakitangan penyelenggaraan, Pusat Pemantauan Trafik dan anggota RELA. 4) Menyediakan makluman trafik terkini menerusi My-TTA, paparan papantanda elektronik lebuh raya, Aplikasi PLUS, X @PLUSTrafik, laman media sosial, Chatbot PUTRI dan stesen-stesen radio. PLUS juga akan mengaktifkan laluan SmartLane di beberapa lokasi kritikal sepanjang lebuh raya kendaliannya bagi membantu menyuraikan trafik berikutan peningkatan trafik yang dijangka berlaku pada musim cuti sekolah, perayaan Krismas dan Tahun Baharu yang akan datang.
Tertakluk kepada keadaan trafik semasa, laluan SmartLane akan diaktifkan di laluan antara Persimpangan Senai Utara hingga Persimpangan Kulai (KM19.0 hingga KM27.0 - Arah Utara) pada 22 Disember 2023 hingga 1 Januari 2024 (antara jam 8:00 pagi hingga 6:00 petang) dan antara laluan Persimpangan Port Dickson hingga Persimpangan Seremban (KM260.0 hingga KM263.1 - Arah Utara) pada 23 Disember hingga 25 Disember 2023 dan pada 29 Disember 2023 hingga 1 Januari 2024 (antara jam 9:00 pagi hingga 10:00 malam).
Sementara itu, PLUS juga bersiap sedia untuk mengaktifkan laluan SmartLane, di laluan Gua Tempurung - Gopeng (KM306.7 hingga KM297.0 - Arah Utara), Slim River - Sungkai (KM366.8 hingga KM354.0 - Arah Utara) dan dari Kawasan Rehat dan Rawat (R&R) Rawang - Persimpangan Sungai Buaya (KM439.5 – KM435.5 - Arah Utara), namun pelaksanaan ini tertakluk kepada keadaan trafik semasa di lokasi-lokasi terbabit. PLUS turut menasihatkan semua pengguna lebuh raya supaya memastikan kenderaan mereka berada dalam keadaan baik, bersedia secara fizikal dan mental untuk perjalanan jauh dan lebih berhati-hati ketika memandu semasa musim hujan. Pengguna lebuh raya juga digalakkan untuk berhenti rehat di R&R atau hentian sebelah sebelum menyambung semula perjalanan. Pengguna lebuh raya juga boleh mendapatkan maklumat trafik terkini menerusi My-TTA, Aplikasi X @PLUSTrafik, Aplikasi PLUS, Chatbot PUTRI, papan tanda elektronik (VMS) di lokasi-lokasi terpilih serta mengikuti laporan trafik terkini menerusi siaran-siaran radio utama negara.
UEM EDGENTA EXPANDS FOOTPRINT IN MIDDLE EAST REAL ESTATE MARKET WITH KAIZEN GROUP ACQUISITION AND TECH PARTNERSHIPS
DUBAI, 7 December – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), Malaysia's foremost Asset Management & Infrastructure Solutions provider, is advancing its regional expansion strategy in the integrated facility management market within the Middle East. As part of this effort, the Company has recently formalised a definitive agreement with KAIZEN Group, further bolstering its presence in the region. In reaffirming its commitment to this strategic growth initiative, UEM Edgenta is also pleased to announce the exchange of three (3) separate Memorandum of Business Exploration (MOBE) with its partners; DISRUPT-X DMCC (Disrupt-X), ZAIN TECHNOLOGIES LLC (Zain Tech) and Tadoom.
Announced at the ongoing Conference of the Parties of the UNFCCC (“COP28”), the Company is delighted to declare the acquisition of a 60% stake in a distinguished tech-enabled property management services company based in the United Arab Emirates (UAE). KAIZEN Group has established an exemplary reputation for providing comprehensive services across the real estate value chain, encompassing Owners Association Management, Master Community Management, Development Project Management, Property & Leasing Management Advisory & Consultancy, as well as Handover & Snagging Services.
The combined strength of UEM Edgenta and KAIZEN Group, is poised to establish an integrated real estate services platform. This collaborative endeavor is dedicated to enhancing the delivery of integrated services and crafting bespoke lifestyle experiences, all underpinned by cutting-edge technology and sustainable solutions.
This acquisition will also facilitate the integration of Edgenta's smart buildings, leveraging its Asseto SaaS platform, and incorporating sustainability solutions like Energy Efficiency, Energy Performance Contracts, and Green Building Initiatives. This strategic move addresses the growing demand for these solutions in the Middle East.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta said, "Having KAIZEN Group as part of UEM Edgenta represents a strategic move, capitalizing on the growth opportunities within the real estate sector. This is fueled by the Dubai Master Urban Plan 2040, which aims to create a well-being model, ultimately enhancing Dubai's reputation as the premier city for quality living. This integration reinforces the presence of the UEM Edgenta in the Middle East, aligning seamlessly with our 'Edgenta of the Future 2025' vision. It expands our international footprint, which already spans Malaysia, Singapore, Taiwan, Indonesia, the UAE, and KSA, while elevating our product and technology offerings in high-growth markets. This venture is a testament to our ongoing commitment to enriching lives and advancing infrastructure on a global scale, all while realizing forward-looking technology solutions in sustainable smart city development."
"Our initiatives today are not just mere aspirations; we firmly believe they serve as a roadmap to a more sustainable, inclusive, and prosperous world. We regard data and AI, particularly in the context of Smart Cities, as the foundational elements in this transformative journey. Through their integration, we aspire to lead the way in establishing new industry standards, nurturing global collaboration, and ingraining ESG principles into the very essence of our Smart Cities operations," added Syahrunizam.
In addition to the acquisition of KAIZEN Group, UEM Edgenta is delighted to announce the formalisation of a MOBE in partnership with Disrupt-X, Zain Tech and Tadoom. This strategic collaboration marks the commencement of a collective endeavor aimed at harnessing the combined expertise of all three (3) organisations. In alliance with Zain Tech and Tadoom, UEM Edgenta is embarking on dedicated initiatives in Oman and the broader Middle East region. Disrupt-X plays a pivotal role in this partnership with Zain and Tadoom, focusing on the development of smart cities and sustainability in the built environment by harnessing Internet of Things (IoT) and smart solutions at both the asset level and on a citywide scale.
These partnerships strengthens UEM Edgenta’s unwavering commitment to delivering innovative, technology-driven solutions within the real estate sector, and at the same time shaping a sustainable and technologically advanced future for the region.
Representing their respective organisations during the document exchange were Fadi Marwan Alnwilati Almasri, Chief Executive Officer, KAIZEN Group, Hany Hanna, Chief Executive Officer, Zain Tech and Abdullah Al Badi, Chief Executive Officer, Tadoom.
UEM Edgenta’s MD/CEO, Syahrunizam Samsudin was also interviewed by Reuters at the sidelines of the COP 28 event in Dubai. Keeping to the overall theme of COP28, he discussed how innovative technologies and green infrastructure are essential tools for asset management players like UEM Edgenta to contribute to climate goals. The video is accessible from the link below:https://www.reuters.com/plus/acumen-stories/cop-28/uem-edgenta
BACK-TO-SCHOOL PROGRAMME BY UEM SUNRISE STRIVES TO REDUCE FINANCIAL BURDEN OF FAMILIES
KUALA LUMPUR, 7 December 2023 – To ease the financial burdens of underprivileged families and to raise the spirits of students as they enter the new school year, UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), in collaboration with Yayasan UEM, the philanthropic arm of UEM Group Berhad, had recently distributed school necessities to 251 primary and secondary students.
The annual Back-To-School programme commenced from 16 November to 21 November 2023 and covered five of UEM Sunrise’s PINTAR-adopted schools in Kuala Lumpur and Iskandar Puteri. A group of UEM Sunrise staff volunteered to distribute school necessities to the 251 underprivileged students chosen by their respective schools.
The essential items donated included two sets of uniforms, one school bag, a pair of shoes, socks and a sports attire voucher. In addition, female students from the participating secondary schools in both regions were also provided with reusable sanitary pads, further highlighting the Company’s efforts in conservation and dissuading single-use sanitary pads.
In the Central region, the Back-To-School programme took place at the Company’s creative retail space, Publika Shopping Gallery, where, in addition to receiving the school supplies, the students were also given an outing around the retail space, akin to a school trip. As for the Southern region, the same programme occurred at the Company’s office in Imperia Tower, Iskandar Puteri and SK Ladang Pendas, both located in Johor Bahru.
UEM Sunrise Chief Executive Officer Sufian Abdullah said: "Aligning with our CHIEF values, we always believe in the importance of giving back and forming closer ties with the communities. As such, we are honoured to work alongside Yayasan UEM in this programme, specially catered for underprivileged students to reduce some of their families' financial hardships and burdens."
"We are deeply appreciative to Yayasan UEM for supporting us to alleviate some of the students’ financial hardships, which deeply resonates with our own Corporate Social Responsibility (CSR) efforts. We hope that our contribution to these students will help spur their happiness and excitement to go to school and focus on their studies.”
The recently concluded programme marks the second time for UEM Sunrise, alongside Yayasan UEM, to have contributed school necessities to students in need. The first time was held in February this year where 292 students from 10 schools under the Company’s PINTAR-adopted schools, around Bangi and Iskandar Puteri have benefitted from the programme.
UEM Sunrise’s Back-To-School Programme corresponds with the Company’s CSR strategy, which hinges on two pillars, namely the ‘Education Enhancement’ pillar, based on a firm belief that education is a fundamental human right and must be extended to every child regardless of gender, race, religion or economic status and the ‘Community Engagement’ pillar, where it aims at engaging the local people regularly with emphasis on social inclusiveness by organising related events, providing the appropriate assistance to improve community’s participation and foster shared prosperity continuously.
The Company has run various CSR programmes about education and community engagement, among which it has also unveiled its 12th BukuHub in its joint-venture township with MCL Land Sdn Bhd, Forest Heights in Seremban, in November 2022 to cultivate the reading habit among the public.
Between 2022 and 2023, UEM Sunrise organised six initiatives alongside its PINTAR adopted schools, namely distributing #CaringIsMyHappy Kit, Kem Kecemerlangan SPM 2022 for SMK Medini, and Program Peningkatan Prestasi SPM, with two Back-to-School programmes and the Company's National and Malaysia Day Campaign, called My Malaysia Moments. A total of 1,940 students have been aided from the activities during these two years.
Students and teachers from SK Seri Anggerik posed for a group photo with UEM Sunrise Chief Financial Officer Hafizuddin Sulaiman after receiving their essential school supplies at Publika Shopping Gallery.
Students from SK Seri Anggerik lining up to obtain their school necessities, distributed by UEM Sunrise and supported by Yayasan UEM.
The essential items donated included two sets of uniforms, one school bag, a pair of shoes, socks and a sports attire voucher.
Students SJK (T) Gelang Patah, as well as UEM Sunrise volunteers, posed for a group photo after the former received their essential school supplies.
Smiles captured at the SK Ladang Pendas as the students received their sets of school supplies alongside UEM Sunrise Chief Operations Officer (Southern) Saniman Md Apandi.
UEM EDGENTA ELEVATES MIDDLE EAST PRESENCE THROUGH A STRATEGIC PARTNERSHIP
DUBAI, 3 December 2023 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), a leading provider of Asset Management and Infrastructure Solutions across the region, proudly announces its strategic partnership of a 60% stake in KAIZEN Group at the Conference of the Parties of the UNFCCC (“COP28”) in Dubai. KAIZEN Group is a tech-enabled property management services company headquartered in the UAE.
With a remarkable 16-year track record, KAIZEN Group is a pioneer in tech-driven end-to-end property management services in Dubai. The group's comprehensive offerings span across the real estate services value chain, from Handover Services, Property Management, Investment Advisory, Lease Management to Owners Association management. It currently manages a portfolio of over 130 projects for some of the notable real-estate landlords and developers in the UAE.
Notably, KAIZEN Group clinched awards in various categories including ‘Property Management Company of the Year,’ ‘Sustainable Community Award,’ and ‘Partnership Award-PropTech’ at Smart Built Environment 2023, alongside the ‘Happiest Residential Community of the Year’ at Customer Happiness Awards 2023. In 2022, the company was honoured with the ‘Best Property Management Company of the Year,’ ‘Most Customer-Centric Company of the Year,’ and ‘Best Digital Transformation of the Year’ at IRECMS. Moreover, it was recognized as the winner of ‘Property Management Company of the Year’ and ‘Partnership Award - PropTech’ at Smart Built Awards 2022. Additionally, KAIZEN Group achieved a milestone in 2022 by being among the first management companies to obtain the WELL Health-Safety Rating for its portfolio from the International WELL Building Institute (IWBI).
The immediate synergy between UEM Edgenta and KAIZEN Group’s property management and facility management capabilities is fast-tracking UEM Edgenta’s vision to curate an integrated real estate services platform. Further value will be unlocked by bringing UEM Edgenta’s smart buildings and sustainability solutions to meet the increasing sustainability focus in Dubai and the wider Middle East market.
“The principal goal of this partnership is to establish a comprehensive and integrated real estate services platform. Through the combined capabilities and brand franchise of UEM Edgenta, and KAIZEN Group, this strategic alliance is designed to adapt to the rapidly changing demand for end-to-end services and quality lifestyle experience by property owners and users, embedded with tech-driven and sustainability solutions”, commented Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
“A focal point of this partnership is to integrate smart building technologies and sustainability solutions into KAIZEN Group's operations, leveraging our Asseto, a Software as a Service (“SaaS”) asset management platform; and sustainability solutions expertise such as Energy Efficiency and Energy Performance Contracts. This augurs well with the real estate sector’s commitment to digitalisation and environmentally conscious practices”, he added.
“As a purpose driven organisation, KAIZEN has always pioneered the industry in delivering unique solutions to our clients and customers. The partnership with UEM Edgenta is a continuation of our commitment to deliver unique value to our customers by leveraging on UEM Edgenta’s leading technologies to transform our buildings to smart buildings, thus further reduce carbon footprint. Our strategic partnership is poised to redefine customer satisfaction by seamlessly integrating wellness, health, and happiness into every facet of our services. With a dedicated focus on our customers' well-being, we are committed to delivering unparalleled, holistic experiences that resonate at the core of our mission. The partnership will also enable us to expand regionally and deliver more memorable experiences to a wider market. The team at Kaizen and I look forward to unleashing the possibilities together with UEM Edgenta to propel our ability to achieve Kaizen’s 2040 vision”, commented Fadi Marwan Alnwilati Almasri, Chief Executive Officer of KAIZEN Group.
UEM Edgenta’s vision to build an integrated real estate services platform is aligned with Dubai Master Urban Plan 2040 vision to enhance Dubai's reputation as the best city for living, as a role model for overall-well-being. This partnership firmly establishes UEM Edgenta as a key player in shaping the urban landscape in line with Dubai's forward-looking development goals; while at the same time reinforces the ‘Edgenta of the Future 2025’ vision to fortify its presence and influence in high-growth markets, simultaneously enhancing its services delivery and technology propositions.
UEM Edgenta Group is excited about the myriad of new opportunities and synergies this partnership brings, solidifying its position as a key player in delivering innovative and sustainable real estate solutions in Dubai and the broader Middle East.
Present together with Managing Director/Chief Executive Officer of UEM Edgenta, at the exchange of documents ceremony was Fadi Marwan Alnwilati Almasri, the Chief Executive Officer of KAIZEN Group.
MULTIPLE SIGNINGS BY UEM GROUP SUBSIDIARIES AT COP28 IN DUBAI
DUBAI, 2 December 2023 – In line with the Government's efforts to expedite Malaysia's energy transition, green industry and sustainability, UEM Group Berhad (UEM Group)’s three subsidiaries namely UEM Lestra Berhad (UEM Lestra), PLUS Malaysia Berhad (PLUS) and UEM Edgenta Berhad (UEM Edgenta), today signed several business agreements with domestic and international companies focusing on renewables, energy efficiency and sustainability projects as well as initiatives.
The signing ceremony took place at the Malaysia Pavilion, Expo City, Dubai in the margins of the 28th United Nations Climate Change Conference (COP28) and was witnessed by YB Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change, Datuk Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad and Datuk Amran Hafiz Affifudin, Chairman of UEM Group.
"The signing of these business agreements at the sidelines of COP28 demonstrate UEM Group and our subsidiaries’ unwavering commitment to driving the development of the green industry and our wider ambition to foster a more sustainable and responsible business environment in Malaysia and globally.
“Through our partnership with other industry players, we aspire to integrate energy efficiency, environmentally responsible practices and revolutionary sustainability solutions in our operations, as well as in our product and service offerings,” said Dato’ Mohd Izani Ghani, Managing Director of UEM Group, the wholly-owned subsidiary of Khazanah Nasional Berhad.
The signings by subsidiaries of UEM Group which took place today at COP28 are:
1. UEM Lestra, the green industry arm of UEM Group, signed a joint venture agreement with NUR Power Sdn. Bhd. (NUR Power) for the development of a solar plant of up to 500 MWac for Kulim Hi-Tech Park (KHTP).
NUR Power specialises in the generation, transmission, distribution, and retail of electricity power in Malaysia and is the country’s first and only Independent Power Utility granted exclusive rights to sell electricity in KHTP.Dato’ Mohd Izani led the signing for UEM Lestra and NUR Power was represented by its Managing Director Ikhwan Hafiz Jamaludin. Also present was NUR Power’s Chairman, Datuk Wira Ir. Md. Sidek Ahmad.
2.PLUS, the expressway arm of UEM Group, signed a Memorandum of Understanding with Gentari Sdn Bhd (Gentari) to collaborate on various areas, including the exploration and development of Electric Vehicle (EV) solutions and ecosystems in Malaysia. This includes the development of EV fast charging infrastructure along PLUS-operated highways, the creation of electric forecourts with mobility retail and F&B offerings, low carbon and mobility hydrogen solutions, and renewable energy with solar energy solutions, specifically in solar and/or battery storage systems. Signing for PLUS was its Managing Director, Datuk Nik Airina Nik Jaffar, and from Gentari was its Chief Executive Officer, Sushil Purohit. The historic occasion was witnessed by PLUS Chairman, Dato’ Mohamad Nasir Ab. Latif.
“PLUS operates a highway network that spans over 1,130km, making our infrastructure the Nation’s backbone of road transportation. Hence, we play a significant role in shaping and contributing to Malaysia’s sustainable development. Working closely with the Ministry of Works (MoW) and Malaysian Highway Authority (MHA), we have developed an EV Charging Infrastructure Roadmap where we aim to install 100 Direct Current Fast Chargers (DCFC) charge points along our highways by 2025. Our partnership with various Charge Point Operators (CPOs) including Gentari represents our joint commitment towards accelerating EV adoption in Malaysia and facilitating the transition into a carbon neutral country by 2050,” said Datuk Nik Airina.
UEM Edgenta, the asset and facility management business of UEM Group, signed several agreements and staged an exchange of documents that was led by its Managing Director / Chief Executive Officer (CEO), Syahrunizam Samsudin:
3. UEM Edgenta has taken a significant step toward sustainable real estate and smart city solutions through its planned acquisition of a 60% stake in Kaizen Group, UAE's leading and award-winning tech-enabled property management services provider. With the signing of the definitive agreement, both parties will work together to create an integrated real estate services platform, enabling the delivery of integrated services and the curation of lifestyle experiences driven by technology and sustainability solutions. Present on behalf of Kaizen Group was its CEO, Fadi Marwan Alnwilati Almasri.
Syahrunizam Samsudin said, "Having Kaizen Group as part of UEM Edgenta represents a strategic move, capitalising on the growth opportunities within the real estate sector. This is fuelled by the Dubai Master Urban Plan 2040, which aims to create a well-being model, ultimately enhancing Dubai's reputation as the premier city for quality living. This integration reinforces the presence of UEM Edgenta in the Middle East, aligning seamlessly with our 'Edgenta of the Future 2025' vision. It expands our international footprint, which already spans Malaysia, Singapore, Taiwan, Indonesia, the UAE, and KSA, while elevating our product and technology offerings in high-growth markets. This venture is a testament to our ongoing commitment to enriching lives and advancing infrastructure on a global scale, all while realising forward-looking technology solutions in sustainable smart city development.
4.UEM Edgenta exchanged Memoranda of Business Exploration (MoBE) with three partners – DISRUPT-X DMCC (Disrupt-X), ZAIN TECHNOLOGIES LLC (Zain Tech) and Tadoom to initiate dedicated initiatives in Oman and the broader Middle East region. Present from Zain Tech was its CEO, Hany Hanna; Tadoom was represented by its CEO, Abdullah Al Badi, and Asim Sajwani, CEO of Disrupt-X.
“In alliance with Zain Tech and Tadoom, UEM Edgenta is embarking on dedicated initiatives in Oman and the broader Middle East region. Disrupt-X plays a pivotal role in this partnership with Zain and Tadoom, focusing on the development of smart cities and sustainability in the built environment by harnessing Internet of Things (IoT) and smart solutions at both the asset level and on a citywide scale,” said Syahrunizam Samsudin.
UEM LESTRA AND ENGGANG HOLDINGS TO COLLABORATE IN THE DEVELOPMENT OF UP TO 170MWp SOLAR PLANT IN GEBENG, PAHANG
DUBAI, 2 December 2023 – To drive renewable energy development in Pahang, UEM Lestra Berhad (UEM Lestra), the green industries arm and wholly-owned subsidiary of UEM Group Berhad (UEM Group), and Enggang Holdings Sdn Bhd (Enggang Holdings) have signed an agreement to collaborate on the development of a solar plant in Gebeng, Pahang.
The proposed solar plant, which will be situated near the Gebeng Industrial Park, spans a 450-acre area and is projected to have a potential capacity of up to 170 megawatt peak (MWp). Its strategic location near the industrial park positions it as a potential key contributor of clean energy to the industrial area and to Pahang's renewable energy agenda.
The signing took place at the Malaysia Pavilion, Expo City, Dubai on the sidelines of the 28th United Nations Climate Change Conference (COP28), witnessed by the Regent of Pahang, Tengku Mahkota Tengku Hassanal Ibrahim Alam Shah ibni Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, Datuk Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad, Datuk Amran Hafiz Affifudin, Chairman of UEM Group and Dato’ Sri Muthanna Abdullah, Chairman of Enggang Holdings.
Dato’ Mohd Izani Ghani, Managing Director of UEM Group, signed the agreement on behalf of UEM Lestra while Enggang Holdings was represented by its Chief Executive Officer, Tengku Dato’ Aiman Putra Tengku Dato’ Sri Kamal Bharin.
During his opening keynote address at the Malaysia Pavilion, His Royal Highness the Regent of Pahang who in the past stated his support for net zero goals, expressed his commitment to accelerate Pahang’s renewable energy transition, particularly in solar energy generation.
He also said that to further expand the implementation of clean and renewable energy in Pahang, Pahang is reviewing its policies for renewable energy. He added that a clear and transparent state-wide policy as well as regulatory framework is needed that is able to facilitate the installation of solar farms in a sustainable manner.
Dato' Mohd Izani said, "We firmly believe that clean energy generation such as solar will play a pivotal role in driving the energy transition agenda of the country and the state of Pahang and that there can be a balance between economic development and supporting the net zero goals. By joining forces with Enggang Holdings to develop this solar plant, we are not only making significant strides towards Pahang's renewable energy goals, but also reinforcing our unwavering commitment to sustainability and green initiatives.”
UEM EDGENTA REPORTS ROBUST 16.2% NET PROFIT GROWTH AND ACHIEVES FY2023 FULL-YEAR CONTRACT TARGET IN NINE MONTHS
KUALA LUMPUR, 28 November – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, today announced a 16.2% increase in net profit to RM28.6 million in the nine months ended 30 September 2023 on the back of a higher revenue of RM2.07 billion (RM1.81 billion 9M FY2022), reflected its resilience and ability to renew and win new contracts from its existing client base as well as new clients and growth markets.
In announcing its unaudited financial results today for the nine-month period under review, the Company reported a 14.3% growth in revenue to RM2.07 billion (RM1.81 billion 9MFY2022) through enhanced technology-enabled solutions, and high-quality service delivery, yielding strong client retention. UEM Edgenta’s current order book stands at RM9.2 billion, out of which 67% is contributed by Infrastructure Services.
As for Q3FY2023, net profit grew by 18.9% to RM5.2 million from RM4.4 million in Q3FY2022 while revenue improved by 11.6% to RM721.1 million driven by effective execution of ongoing contracts by both Singapore and Taiwan Healthcare Support, and Property and Facility Solutions (“PFS”) divisions as well as increased pavement works performed for expressways by Infrastructure Services. At the end of 30 September 2023, the Company’s balance sheet showed a net asset per share of RM1.94, cash and bank balances of RM650.3 million and a gearing ratio of 0.31 times.
In the first nine months of FY2023, UEM Edgenta secured new contracts totalling RM1.6 billion, achieving the Company’s FY2023 full-year target in 9 months. The Company is maintaining a robust pipeline of contract renewals and new wins in its established markets, namely Malaysia, Singapore, Taiwan, Indonesia, and the United Arab Emirates. Integration with the new subsidiary in the Kingdom of Saudi Arabia (“KSA”), MEEM For Facilities Management Company, is on track for the Company to pursue the growth opportunities in KSA.
Commenting on the latest results, UEM Edgenta’s Managing Director/Chief Executive Officer, Syahrunizam Samsudin said: “With technology reshaping every facet of our business, we continue to allocate resources and invest for growth in areas that enable us to differentiate ourselves by being steadfast in optimising our delivery models and elevating our operational efficiency for customers. As we move forward, we remain agile and responsive, leveraging our digital capabilities to adapt to evolving market dynamics and consistently deliver value to our stakeholders.”
The Healthcare Support Division has implemented rigorous resources optimisation initiatives through deployment of leading-edge technology and automated work order management to mitigate margin pressure arising from increased market competition and inflationary forces. It has also expanded its service offerings beyond traditional healthcare support services to cater to a diverse customer base in manufacturing and hospitality sectors, notably in Singapore and Taiwan markets.
The PFS division has also expanded by integrating Smart Building solutions into clients’ tech ecosystem through the utilisation of Asseto, Edgenta's leading cloud-based asset management system, and its partners’ technology capabilities in enabling data-driven decision-making. Its focus on data analytics and real-time monitoring has seamlessly aligned with the Company’s ESG principles while supporting its customers’ sustainability agenda. In the Middle East region, our UAE operation has also expanded its service offerings and secured entry into the Abu Dhabi market by winning its first contract with the Abu Dhabi Equestrian Club.
Underscoring the Company’s commitment to its sustainability targets, Opus Consultants has been repositioned to be the leading provider of energy and sustainability solutions to capitalise on the emerging green business opportunities stemming from the National Energy Transition Roadmap and the broader infrastructure and healthcare sectors. On the heels of the Net Zero Launch in September 2023, the RM200 million Zero Capex Fund Programme is ready to be deployed in Sarawak and Peninsular Malaysia by the in-house energy efficiency execution experts, complemented by its partners’ capabilities to provide end-to-end energy and sustainability solutions. At the same Net Zero Launch event, the Company had also set forth a goal to reduce its operational GHG emissions by 26% by 2030 in the medium term and to achieve net-zero emissions by 2050.
In response to the evolving landscape of our industry, we recognise substantial long-term value and opportunities in the area of IT digitalisation as well as the exploration of new markets. As part of our strategic vision, we have committed significant investments in these areas during the current fiscal period. These proactive measures are integral to fortifying our position for sustained growth and resilience in the face of changing market dynamics, ensuring our organisation remains at the forefront of innovation and well-positioned for continued success.
As for the performance outlook for FY2023, Managing Director/Chief Executive Officer Syahrunizam Samsudin said: “Markets remain challenging with the high-cost environment driven by escalating cost of materials and manpower. While we remain cautious for the remainder of the year, we are continuously driving operating efficiencies and optimising our cost structures to be a “fit-for-purpose” organisation to win and retain customers in the domestic and international markets. As we look ahead, to fortify the Company’s market positioning, we are actively pursuing both organic and inorganic investments to accelerate growth and to capture the emerging opportunities timely, ensuring long-term sustainability and value creation for our stakeholders.” he added.
HARI KOMUNITI MYPLUS BERI MANFAAT KEPADA LEBIH 10,000 PENDUDUK DI KOMUNITI TERPILIH SEPANJANG JAJARAN LEBUH RAYA PLUS
Simpang Renggam, 17 November 2023: Lebih daripada 10,000 orang penduduk serta komuniti setempat yang tinggal berhampiran dengan jajaran lebuh raya kendalian PLUS Malaysia Berhad (PLUS) dijangka menerima manfaat yang berterusan dan positif hasil daripada 25 program kemasyarakatan, Hari Komuniti MyPLUS yang dianjurkan secara serentak hari ini. Projek-projek kemasyakatan yang memberi fokus terhadap aspek keselamatan dan kelestarian tersebut dijayakan oleh kira-kira 1,000 warga PLUS dengan penglibatan pelajar institusi pengajian tinggi dan masyarakat setempat.
Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar berkata, “Hari Komuniti MyPLUS merupakan acara tradisi syarikat ini di mana setiap tahun, PLUS mendedikasikan 1 hari yang istimewa untuk warga kerjanya turun padang ke komuniti-komuniti sepanjang jajaran lebuh raya untuk menjalankan pelbagai projek kemasyarakatan secara serentak. Hari Komuniti MyPLUS membolehkan PLUS serta warga kerjanya menyumbang semula kepada masyarakat dan secara tidak langsung meningkatkan kualiti hidup mereka, selari dengan misi syarikat ini iaitu menghubungkan komuniti untuk mencorakkan masa hadapan.”
Menurutnya, tahun ini menyaksikan 25 projek kemasyarakatan bertemakan “‘Memperkasa Komuniti Selamat dan Lestari” dijalankan secara serentak di komuniti-komuniti terpilih di sepanjang jajaran lebuh raya PLUS, termasuklah di LPT2.
“Kepakaran yang dimiliki oleh PLUS dalam mengurus dan menyelenggara infrastruktur lebuh raya digunakan untuk melaksanakan projek penambahbaikan di kawasan yang berdekatan untuk membantu meningkatkan dan melestarikan kualiti hidup masyarakat setempat,” tambah beliau.
Datuk Nik Airina berkata demikian ketika menyertai program Hari Komuniti MyPLUS di Kampung Seri Machap, Simpang Renggam, Johor di mana PLUS dan warga kerjanya membaiki dan menaiktaraf laluan pintas di bawah lebuh raya Vehicular Box Culvert (VBC) sepanjang 150 meter di kampung terbabit. Laluan tersebut menghubungkan 7 buah kampung dan sekolah berhampiran serta memberi manfaat kepada kira-kira 2,000 penduduk sekitar. Selain itu, PLUS turut memasang lampu solar LED dan papan tanda tunjuk arah di Jalan Sekolah, Kampung Seri Machap. Pada masa yang sama, PLUS juga menambahbaik infrastruktur di Sekolah Kebangsaan Seri Machap.
Turut hadir pada program tersebut adalah YB Datuk Seri Utama Hasni Mohammad, Ahli Parlimen Simpang Renggam yang mewakili Menteri Besar Johor, YAB Datuk Onn Hafiz Dato’ Ghazi. Turut turun padang adalah Ketua Pegawai Operasi PLUS, Datuk Zakaria Ahmad Zabidi.
Projek-projek Hari Komuniti MyPLUS dijalankan serentak di 25 lokasi terpilih di seluruh negara. Selain projek di Simpang Renggam, ia turut melibatkan inisiatif membaiki infrastruktur dan menaik taraf kemudahan awam seperti masjid, sekolah, gelanggang sukan, pusat penjagaan dan rumah orang tua serta orang kurang upaya di lokasi-lokasi lain. Untuk keselamatan jalan raya, ia turut melibatkan aktiviti pemasangan papan tanda tunjuk arah, pembaikan jalan bawah lebuh raya iaitu Vehicular Box Culvert (VBC) dan pemasangan lampu solar LED. Program tahun ini turut melibatkan inisiatif kelestarian seperti pemasangan tangki air tadahan hujan, bengkel kompos baja menggunakan sisa makanan, menanam pokok, membersih kawasan laluan pendakian, membersihkan sungai, taman rekreasi, hutan simpan dan sebagainya.
Selain daripada Hari Komuniti MyPLUS, PLUS secara berterusan melaksanakan pelbagai program Tanggungjawab Sosial Korporat (CSR) yang memberi fokus terhadap jalan raya. Ia termasuklah program keselamatan jalan raya untuk komuniti serta pelajar sekolah dan seminar keselamatan untuk pemandu dan operator kenderaan berat (HEVTEC) dan inisiatifinisiatif lain yang melibatkan komuniti sepanjang jajaran lebuh raya kendaliannya.
Berbeza pada edisi sebelum ini, Hari Komuniti MyPLUS kali ini melibatkan penyertaan kirakira 500 pelajar institusi pengajian tinggi dari Kolej Yayasan UEM, Politeknik Ungku Omar, Universiti Teknologi Mara (UiTM), Universiti Kuala Lumpur (UniKL), Kolej SEGI, Universiti Tun Hussein Onn Malaysia (UTHM), Kolej Yayasan Pelajaran Johor, Universiti Islam Antarabangsa Sultan Abdul Halim Mu’adzam Shah (UniSHAMS), Universiti Sains Malaysia, Universiti Sultan Azlan Shah, Universiti Pendidikan Sultan Idris (UPSI) dan lain-lain.
UEM SUNRISE DISPOSES 46.9 HECTARES OF FREEHOLD PARCELS IN JOHOR BAHRU FOR A TOTAL CONSIDERATION OF RM146.1 MILLION
KUALA LUMPUR, 17 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) via three of its indirect wholly-owned subsidiaries, Nusajaya Rise Sdn Bhd (“NRSB”), Symphony Hills Sdn Bhd (“SHSB”) and Nusajaya Heights Sdn Bhd (“NHSB”) had today entered into eight Sale and Purchase Agreements (“SPAs”) with PGB Landmark Sdn Bhd (“PGB Landmark”), a wholly-owned subsidiary of Paragon Globe Berhad (“PGB"), for the disposal of freehold lands measuring in aggregate approximately 46.9 hectares (115.91 acres) for a total consideration of RM146.1 million.
NRSB and SHSB collectively entered into five SPAs with PGB Landmark for the disposal of 19.52 hectares (48.26 acres) of freehold lands in Mukim Tanjung Kupang, Daerah Johor Bahru, Johor (“Mukim Tanjung Kupang”).
Further, NRSB entered into two SPAs with PGB Landmark for the disposal of 26.42 hectares (65.28 acres) of freehold lands in Mukim Tanjung Kupang.
NHSB has also entered into a SPA with PGB Landmark for the disposal of 0.96 hectares (2.37 acres) of freehold land in Mukim Pulai, Daerah Johor Bahru, Johor (all eight land parcels collectively referred to as the “Lands”).
The Company highlights that the disposals of the Lands are in line with its three-phase strategic turnaround plan: Triage, Stabilise and Sustain, particularly under the first phase, Triage, to transform UEM Sunrise into a balanced real estate player with the immediate goal of strengthening financial performance via, among others, monetisation of non-strategic lands.
Commenting on the transaction, UEM Sunrise Chief Executive Officer Sufian Abdullah said: “Our immediate focus in Johor is to activate more residential development projects. This disposal will allow us to monetise some of our land banks in Johor while still leveraging on the economic activities that will be created from the proposed industrial development by PGB Landmark to boost the demand for our planned residential developments within the vicinity of the Lands.”
Paragon Globe Berhad Executive Chairman Dato’ Sri Edwin Tan Pei Seng said: “The Land acquisitions will grant PGB with opportunities to create greater economic value to Johor Bahru as well as increase our earnings potential over the medium to long term.”
RAM SUSTAINABILITY: UEM GROUP’S SUSTAINABILITY SUKUK FRAMEWORK ENABLES GREEN FINANCING FOR NATIONAL DECARBONISATION PROJECTS AND INVESTMENTS
RAM Sustainability has completed the external review (also known as a second opinion) of UEM Group Berhad’s (UEM) Sustainability Sukuk Framework (the Framework) and concluded that it meets recognised green finance standards.
UEM is a wholly owned subsidiary of Khazanah Nasional Berhad (Khazanah) with interests in expressways, township and property development, engineering and construction, asset and facility management, and green industries. Khazanah, Malaysia’s sovereign wealth fund, the champion of a large-scale integrated Renewable Energy Zone under the National Energy Transition Roadmap (NETR), has identified UEM as its green investment vehicle.
RAM Sustainability opines that the green initiatives to be financed under the Framework for renewable energy, energy efficiency, clean transportation, and pollution prevention and control has the potential to contribute towards national decarbonisation targets as defined in the NETR and the 12th Malaysia Plan.
We have assigned the highest Tier-1 Environmental Benefit (EB) rating to the respective renewable energy eligible projects for solar, hydropower and biogas, reflecting their potential contribution towards significant climate and wider environmental benefits. EB ratings for other eligible projects under the Framework range from Tier-2 to Tier-3 (see Table 1).
RAM Sustainability also concludes that the Framework is aligned with the disclosure requirements of the SRI Sukuk Framework, ASEAN Green Bond Standards, and Green Bond Standards. The Framework is aligned with all core areas, and 10 out of 20 recommendations in the pre-issuance checklist of the Green Bond Principles.
At this juncture, RAM Sustainability’s review is limited to the green bond and sukuk perspectives as the current Framework has yet to exhibit social projects or sustainability-linked components. UEM plans to update the Framework in the future with more eligible projects and sustainability-linked components.
UEM SUNRISE BERHAD ANNOUNCES STRONGER EARNINGS OUTLOOK IN ITS THIRD QUARTER 2023 FINANCIAL RESULTS
KUALA LUMPUR, 15 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the nine months ended 30 September 2023 (“YTD 3Q 2023”), with reported revenue of RM917 million driven mainly by its Central developments namely Residensi AVA in Kiara Bay, Residensi Allevia in Mont’Kiara, Serene Heights in Semenyih, and supported by its Southern developments such as Aspira ParkHomes, Senadi Hills and Aspira Gardens in Iskandar Puteri.
The Company’s gross profit margin has improved to 33% in YTD 3Q 2023 compared to 27% in the corresponding period of 2022 arising from project cost savings. In tandem with a higher gross profit margin, the operating profit has improved by 3% (compared to YTD 3Q 2022) and the Company recorded a profit after tax and non-controlling interests of RM48 million for YTD 3Q 2023.
Notably, the Company’s inventories have reduced from RM203 million at the end of the last financial year to RM136 million, as of 30 September 2023. Its gross and net gearing of 0.62x and 0.46x, respectively, remained moderate, with cash balances of RM1.1 billion as of 30 September 2023. Its unbilled sales of RM2.7 billion will be substantially recognised in the next 18 to 48 months.
As of 30 September 2023, the Company has recorded property sales of approximately RM1.8 billion, with 41% from Central, mainly from The MINH and Residensi Allevia, both located in Mont’Kiara and The Connaught One in Cheras, while sales from the Southern region, contributed around 10%, mostly from Senadi Hills, Estuari Gardens and Almas Suites, all in Iskandar Puteri. International projects contributed 49% of secured sales during the review period with the sale of the Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million (or RM873.7 million).
Robust turnaround plan
The Company continues to focus on its three-phase strategic turnaround plan: Triage, Stabilise and Sustain, and has moved into the second stage of Triage this year. Triage is the first phase of UEM Sunrise’s three-phase strategic turnaround plan and takes place from 2022 to 2023, followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond).
Observing the current market conditions, sentiment and its latest quarterly results, UEM Sunrise Chief Executive Officer Sufian Abdullah said: “The Company’s latest financial results are a reflection of our hard work and dedication in realising our turnaround plan.”
“Our plan involves offloading inventories, non-strategic lands, and non-core assets; whilst improving retail income and occupancy,” shared Sufian. “Notwithstanding the progress we have made, there’s a lot more to be done and we are confident that we will achieve our goal of moving into the next phase of our transformation journey”, he added.
Increasing demand for RISE Series
In the coming quarters, UEM Sunrise plans to reactivate more of its remaining land in Johor. “Our intention is to activate more Southern land banks for development, especially with the renewed interest in Johor. We have plans to launch more residential projects in Gerbang Nusajaya and new phases within the Estuari, Puteri Harbour, to name a few. A new 100-acre mixed development called Puteri Harbour Avenue will also see its first launch in 2024.”
During the review period, the Company has witnessed mostly encouraging results and has been capitalising on new opportunities in the Central region and internationally.
Sufian said: “The MINH and The Connaught One have contributed significantly to our FY2023 launches. Both developments are also the first of their kind in our Happy+ product series; The MINH is under the CLUB Edition while The Connaught One is under the RISE Series.”
“In 3Q 2023, we launched Residensi ZIG, which is our third Happy+ product this year with a biophilic design concept as well as being the second phase of our flagship township in Kepong called Kiara Bay, under a JV with Melati Ehsan Group. The three-tower development features 1,126 residential units with sizes ranging between 42 m2 to 140 m2 (450 ft2 to 1,508 ft2). With an estimated GDV of RM646 million, this is our second RISE series product this year after The Connaught One.”
Expansion plans in Perth, Australia
On the international front, the Company’s developments in Australia have contributed a significant portion towards secured sales during this review period, with the sale of its Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million (or RM873.7 million).
The Company also acquired its first residential development site in Subiaco East in Perth, Western Australia, for AUD22.2 million (or RM66.4 million) and will deliver two landmark apartment buildings as part of the state’s most significant urban redevelopment project at the iconic former Subiaco Oval.
The upcoming mixed-use residential precinct will comprise the delivery of sleek dual towers with approximately 430 apartments, subject to development approval, with further details to be firmed up. The project will include up to 12% affordable housing as well. Construction is expected to commence in 2026.
Moving forward, with the upcoming developments and land activations in FY2024, UEM Sunrise is certain to remain financially sound and will be on a firmer footing in anticipating moderate market outlook.
JLAND GROUP AND CENERGI SEA FORM JV PARTNERSHIP FOR RM140 MILLION DEPLOYMENT OF ROOFTOP SOLAR AND ENERGY EFFICIENCY SOLUTIONS
Johor Bahru, 13 November 2023 – JLand Group (JLG), Johor Corporation’s real estate and infrastructure arm, and Cenergi SEA Berhad (Cenergi), a subsidiary of UEM Group Berhad have entered a joint venture partnership to undertake a RM 140 million investment for deployment of rooftop solar and energy efficiency solutions to commercial and industrial (C&I) consumers across JLG’s industrial parks in Johor, spanning a total of 11,069 acres.
In this strategic partnership, JLG and Cenergi will jointly undertake investments, installations, operations, and maintenance of rooftop solar and energy efficiency solutions with first phase investments expected to contribute approximately 13,000 MWh green electricity generation and 8,000 tons carbon emission reduction per year by the C&I consumers.
“Given sharpened industry expectations, we recognise that alliances are crucial for delivering new value and long-term returns through JLG’s real estate and infrastructure ecosystem. Our partnership with Cenergi further advances our mobilisation of resources and solutions within the Energy-as-a-Service (EaaS) portfolio for our industrial parks,” said Datuk Sr Akmal Ahmad, Director, Real Estate & Infrastructure, Johor Corporation and Deputy Chairman, JLG.
“In providing greater accessibility to on-site sustainable energy solutions via zero Capex model, JLG seeks to support its tenants towards the industrial sector’s aspirations for sustainable growth, while meeting the needful requirements as responsible businesses. We remain committed to ensuring best-in-industry practices for our tenants to optimise their operational competencies at our industrial parks – namely Senai Industrial Park, Tebrau Industrial Park, Pasir Gudang Industrial Park and Tanjung Langsat Industrial Park,” added Datuk Sr Akmal.
Cenergi Group CEO, Hairol Azizi Tajudin said “The rooftop solar solutions will help factory owners and businesses at the industrial parks to save up to 30% of electricity cost, while energy efficiency solutions would potentially give another 10% to 20% savings. Businesses will be able to significantly reduce their carbon footprint and achieve optimum level of Building Energy Index (BEI), complying with new requirements of the Energy Efficiency and Conservation Act (EECA) 2023. This is a step in the right direction as Malaysia is transitioning to net zero emissions as early as 2050.”
The rooftop solar systems will be developed under Net Energy Metering (NEM) and Self-Consumption (SELCO) schemes, which are among the initiatives by the Government to achieve the target of 31% Renewable Energy (RE) in the national energy mix by 2025. Industrial clusters, especially those involved in heavy industries are known to account for a significant portion of global carbon dioxide emissions, thereby resulting in growing efforts for industrial players to implement emission reductions.
Accessibility and affordability are set to increase exponentially, as predicted by McKinsey’s 2030 solar capacity projections which value 30 times higher than 2006 projections. McKinsey further estimates that by 2026, global RE capacity will increase more than 80% from 2020 levels, of which two-thirds will be contributed by solar and wind energy with an increase of 150% (3,404 GW).
YUEM & YSB’S STEM & ENGLISH PROGRAMME SUCCESSFULLY IGNITES INTERESTS AMONGST KEDAH’S 300 RURAL STUDENTS
PENDANG, KEDAH, 8th November 2023 – A partnership between Yayasan UEM (YUEM) and Yayasan Sultanah Bahiyah (YSB) in organising a six-month STEM (Science, Technology, Engineering and Mathematics) and English programme has successfully ignited interest in these two subjects amongst rural students in Kedah.
With the cooperation of Jabatan Pendidikan Negeri (JPN) Kedah, the programme commenced in June 2023 and saw the participation of 300 students, of which more than 80% are from underprivileged backgrounds. They are Form 1 to 3 students from 10 secondary schools located in Kota Setar, Pendang, Kuala Muda Yan, Baling and Sik districts within Kedah.
Instead of the traditional classroom and textbook approach, which the students are exposed to on a daily basis, the programme stimulated their interest in STEM and English through fun and engaging activities such as presentations, role playing, games, creating websites, building robots, coding and programming using the 100 Arduino sets donated by YUEM. The participating students were also introduced to likeminded students nationwide via the website, www.STEM.org, as well as encouraged and guided to participate in national STEM competition.
The programme recorded 100% attendance and 95% of teachers reported that the STEM programme improved students’ understanding of STEM subjects, enhanced their interest in STEM and motivated them to complete projects and assignments. Furthermore, 90% of teachers noted that the programme enabled students to explain the various components of STEM.
A showcase marking the end of the STEM and English programme was held today in Pendang and it was graced by the Chairperson of YSB, Yang Teramat Mulia Dato’ Seri DiRaja Tan Sri Tunku Puteri Intan Safinaz binti Almarhum Sultan Abdul Halim Mu’adzam Shah, Tunku Temenggong Kedah; Tuan Mohd Zhafri Bin Dato' Hj Mohd Zohdi, Assistant District Officer; Chairman of YUEM, Dato’ Noorazman Abd Aziz; Dato’ Mohd Izani Ghani, Managing Director UEM Group Berhad and Member of YUEM Board of Trustees; and Tuan Sabri bin Osman, Deputy Director of JPN Kedah.
The showcase saw the presence of all 300 students some of whom participated in the final STEM and English competition as well presentations.
In her speech, YTM Tunku Temenggong Kedah, Chairperson of YSB mentioned that YSB hopes to inspire the students involved and prepare them for a career in Industry 4.0 and beyond.
“Education is a core focus area of YUEM and providing access to good education, especially for rural, underprivileged students is an initiative that YUEM strongly believes in. We recognised the need for a different approach, one that is more engaging and hands-on, and we are pleased with the outcome of this year’s STEM and English programme. Not only has it promoted the understanding and adoption of STEM amongst Kedah’s 300 rural students, but they are also more confident in speaking English.” said Dato’ Mohd Izani Ghani.
UEM SUNRISE CELEBRATES RESIDENSI AVA’S TOPPING OUT, MARKING ITS PRESENCE IN THE KEPONG SKYLINE
KUALA LUMPUR, 3 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), through its joint venture partnership with Melati Ehsan Group, called Mega Legacy (M) Sdn Bhd (“MLSB”), has announced that the first phase of its flagship township, Kiara Bay, Residensi AVA in the mature and long-established neighbourhood of Kepong has reached to the top earlier today, signified by completing its roof slab on the topmost floor.
“Residensi AVA is our first step in building the master township of Kiara Bay in Kepong, with visions to transform it into a ‘15-minute City’ by 2045. Its topping out ceremony held today is also a significant milestone to develop Kiara Bay into a sustainable township and a lively urban living destination that is inclusive in our multi-generational communities as well as further marking our presence in the Klang Valley”, said UEM Sunrise Chief Executive Officer Sufian Abdullah, who is also one of MLSB’s directors.
In addition to Sufian, key attendants that led the Residensi AVA’s topping out ceremony included MLSB Chairlady Zaida Khalida Binti Shaari; MLSB Director Tan Sri Dato’ Yap Suan Chee; SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit; and ORANGEBEAM Construction Director, Dato Indera Tun Putera Matin Ahmad Shah.
Since the unveiling of Residensi AVA in 2019, MLSB has faced and overcome numerous challenges, including the Covid-19 pandemic. Nevertheless, the topping-out ceremony is a positive testament to the 1.78-hectare (4.41-are) development’s continuous resilience and commitment to its handover in Q3 of 2024, further instilling confidence among its future residents and the communities surrounding it.
Residensi AVA sets the tone for elevated urban eco-living with an emphasis on liveability, where its design draws inspiration from the concept of symmetry and balance, similar to the wings of a butterfly. The development consists of two towers, both 41 storeys high, totalling 870 units. Its units consist of various built-up sizes from 75 m2 (813 ft2) to 119 m2 (1,285 ft2), all to cater to different generational needs and lifestyles. Its amenities offer a much-needed balance between living and leisure, such as a 50m Olympic-length lap pool, a wading pool, badminton courts, a half basketball court, a yoga deck, a sky deck, and more, encouraging its residents to embrace an active lifestyle after the daily grind. Prices start from RM567,800 onwards.
With an estimated gross development value (GDV) of RM664 million, Residensi AVA’s construction progress is 75%.
Residents of Residensi AVA can enjoy close proximity to the well-known Kepong Metropolitan Park for their leisurely activities as well as various retail offerings at Kiara Bay’s retail space, called The Beat, which is directly connected to the park. The multi-generational development also boasts easy access to the Middle Ring Road 2 (MRR2) and Jalan Kepong, both easily connect commuters to other highways such as the Duta-Ulu Kelang Expressway (DUKE), Selayang-Kepong Highway and the Damansara-Puchong Expressway (LDP). Since Residensi AVA is only a 2km drive to the nearest MRT station - Jinjang MRT station, residents can also travel to various parts of the Klang Valley along the MRT Putrajaya Line.
Due to Residensi AVA’s encouraging take-up of 99%, the Company has since unveiled Kiara Bay’s second phase, Residensi ZIG, in September 2023, further solidifying the master township’s position as the next preferred property hotspot in the Klang Valley.
Spanning 29.4 hectares (72.74 acres), Kiara Bay consists of three districts with a 1km green connector that links them all, such as The Waters, consisting of a mix of residences with a lakefront retail space; The Walk, a community-centric marketplace with residences; and The Village, an inclusive multi-generational wellness and living, surrounded by green spaces. Both Residensi AVA and Residensi ZIG are located in The Walk district.
For more information about Residensi AVA and Kiara Bay, visit www.uemsunrise.com or visit the Company’s sales gallery in Kiara Bay, Kepong.
(From left to right) SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise COO (Central) and MLSB EXCO member Liong Kok Kit; MLSB Director Tan Sri Dato’ Yap Suan Chee; MLSB Chairlady Zaida Khalida Binti Shaari; UEM Sunrise CEO and MLSB Director Sufian Abdullah; MLSB EXCO member Datuk Ir. Leong; and ORANGEBEAM Construction Director Dato Indera Tun Putera Matin Ahmad Shah posed for a group photo during Residensi AVA’s topping-out ceremony.
(From left to right) SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise CMO and MLSB EXCO member Kenny Wong; UEM Sunrise COO (Central) and MLSB EXCO member Liong Kok Kit; MLSB EXCO member Datuk Ir. Leong; MLSB Director Tan Sri Dato’ Yap Suan Chee; MLSB Chairlady Zaida Khalida Binti Shaari; UEM Sunrise CEO and MLSB Director Sufian Abdullah; UEM Sunrise CFO and MLSB Director Hafizuddin Sulaiman; and ORANGEBEAM Construction Director, Dato Indera Tun Putera Matin Ahmad Shah posed for a group photo before heading up to Residensi AVA’s highest floor.
An artist’s impression of Residensi AVA. The multigenerational development sets the tone for elevated urban eco-living with an emphasis on liveability, where its design draws inspiration from the concept of symmetry and balance, similar to the wings of a butterfly.
(UEM SUNRISE) RAISING THE BAR WITH GREEN INITIATIVES
Nature enthusiasts will appreciate the park’s well-preserved flora and fauna
Renowned developer UEM Sunrise Berhad (UEM Sunrise) is taking it to the next level by further integrating its key initiatives in sustainability. The developer plans to make a mark in the industry through its embedded sustainable core values and its key sustainable pillars; Liveability, Affordability, Sustainability and Resilience, throughout all its developments, environment and community.
UEM Sunrise Chief Executive Officer Sufian Abdullah opines: “Our unyielding dedication to environmental, preservation, societal enhancement, and sustainability lies at the core of our mission.
Our vision transcends the construction of buildings; it revolves around creating thriving communities integrated with their natural surroundings. We believe that sustainable living is the only path forward.”
SIREH Park: A strong, green collaboration
UEM Sunrise’s commitment to the development of SIREH Park goes beyond mere monetary investment, it reflects its steadfast dedication and proactive climate risk management.
Hence, the developer has partnered with SIREH Park to enhance the park’s initiatives, promoting SIREH Park as a model of ecological sustainability.
According to UEM Sunrise, in a bid to strengthen the partnership: “Both parties will leverage on various strategic tools such as marketing campaigns, digital strategies and so on.”
Spanning 138 hectares (343 acres) of land, SIREH Park offers a diverse range of attractions and amenities that cater to all ages and interests, with well-maintained walking paths and multi-elevation jogging trails, providing an ideal space for outdoor exercise and leisurely strolls, lush green spaces for picnics and outdoor games.
Nature enthusiasts will appreciate the park’s well-preserved flora and fauna, comprising flowers and lush trees along with a wide array of bird species, making the park a paradise for birdwatching enthusiasts.
The park is envisioned as a thriving ecosystem that underscores the developer’s unwavering commitment to its sustainable growth.
UEM Sunrise has established a valuable partnership with the SIREH Park Trust called The Nusajaya Natural Heritage Trust (TNNHT), which was formed in July 2015.
The developer maintains: “Our collaboration with SIREH Park not only supports its immediate development, but also aligns with our long-term vision of fostering sustainability and resilience in the face of climate change.”
UEMS has committed a total of RM35 million to support the development and initial operations of SIREH Park , encompassing areas such as operational expenditures (OPEX) and capital expenditures (CAPEX) in efforts to bolster the park’s infrastructure and are actively considering the impact of climate change risks and opportunities.
“Furthermore, we are diligently working to align all future capital expenditures with UEM Sunrise’s long-term greenhouse gas (GHG) reduction target(s) or with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius,” says UEM Sunrise’s Sufian.
Tree planting, bearing fruit
Meanwhile, the park has set a remarkable target of planting 25,000 tree saplings, a monumental effort in carbon sequestration. This initiative alone will sequester around 300,000 kg of carbon dioxide annually, significantly mitigating climate change.
In 2022, the collaborative efforts bore fruit, with the planting of 1,738 trees within SIREH Park and to date, 7,767 forest trees have been planted throughout the park. Remarkably, most of these trees were native species listed under the International Union for Conservation of Nature’s (IUCN) Red List.
Species such as “Mertajam” (Lepisanthes rubiginosum), “Timah-Timah” (Ilex cymosa), “Penang sloe” (Kopsia arborea), “Bertih Paya” (Parartocarpus sp.), “Kembang Semangkuk” (Scaphium linearicarpum) and “Merawan Kanching” have found a home in SIREH Park, furthering UEM Sunrise’s biodiversity and conservation efforts.
In November 2022, UEM Sunrise organised a ‘Grow a Tree’ programme in collaboration with SIREH Park, bringing together 120 members of the developer’s loyalty customers, the Trésorians, and residents from UEM Sunrise’s development projects in the Southern region, including East Ledang, Teega, Bayu Angkasa, Nusa Idaman, and The Maris Desaru. This heartwarming initiative exemplifies UEM Sunrise’s commitment to community involvement and environmental stewardship.
SIREH Park’s dedication to environmental education extends beyond its tree planting activities. The park actively collaborates with the community through various educational initiatives, such as eco-learning, volunteering, school outreach programmes, hands-on workshops and many more.
As a result of these activities, SIREH Park has served as a catalyst by forging partnerships with government agencies, non-governmental organisations (NGOs), and corporations, including in close partnerships with the Johor Bahru District Education Department (PPD) and the Johor State Fisheries Office on a freshwater fish breeding pilot project.
On top of collaborations with external parties,SIREH Park has also made its own organic composting from green waste collected during the park’s routine maintenance as part of the park’s 3Rs (reuse, reduce and recycle) activities.
SIREH Park has participated in iNaturalist as a project space by collaborating with Think City for the City Nature Challenge. iNaturalist is a non-profit social network of naturalists, citizen scientists, and biologists built on the concept of mapping and sharing observations of biodiversity across the world.
In addition to SIREH Park’s collaboration with UEM Sunrise, the park also encourages individuals with a green heart to actively contribute to its growth. For as low as RM200 per tree, members of the public can participate in SIREH Park’s tree-planting programmes, where donors can monitor the growth and well-being of their trees through a dedicated
Future forward
Commenting on the upcoming projects, Sufian says, “We are committed to not only being a driving force but a necessity in catalysing transformative change where eco-friendly practices are no longer just preferences but an indispensable imperative.”
In addition to SOLS Energy, UEM Sunrise is the first property developer to sign two Memoranda of Understanding or MoUs with PETRONAS’s wholly owned subsidiaries, PETRONAS Global Technical Solutions Sdn Bhd (PGTSSB) and Gentari Sdn Bhd (GENTARI), respectively. Officially penned in September 2022, the two MoUs will explore different opportunities for collaboration in adopting renewable, green energy and mobility, as well as forming intelligent, sustainable cities for the future.
Sufian says, “In the immediate term, our collaboration with GENTARI will explore introducing low-carbon solutions, specifically installing EV charging points at key developments and an electric forecourt at UEM Sunrise facilities, as well as solar farms at UEM Sunrise lands.”
Apart from that, the company is pushing forward its initiatives via its investments, partnerships involving SIREH Park in Iskandar Puteri and its developments such as KAIA Heights in Seri Kembangan, Selangor.
An artist’s attractions impression of KAIA Heights in Equine Park, Seri Kembangan
Additionally, UEM Sunrise projects and operations, including our head offices, have established the Environmental Aspect Impact Registers (EAIR) to systematically address any potential climate change risks, among other environmental considerations.”
Looking ahead, UEM Sunrise plans to work alongside partners from various industries to mitigate the effects of climate change and work towards carbon neutrality by 2050. “Among these key partnerships include partnering with SOLS Energy, where we seek to promote sustainable living by harnessing the sun’s natural power to energise our township homes.
As a result of this partnership, our loyal customers, called Trésorians community, enjoy exclusive offers on solar panel subscriptions, leading to instant savings on electricity bills,” reveals Sufian.
The development will feature lush surroundings and amenities
He adds, “At UEM Sunrise, we proactively engage with climate change risks and opportunities as an essential component of our Board’s agenda. We diligently assess and mitigate potential issues, demonstrating our commitment to navigating this vital landscape with a forward-thinking approach.”
UEM SUNRISE PARTNERS WITH FIVE MAJOR BANKS TO EASE HOME-BUYING FINANCIAL WOES
KUALA LUMPUR, 26 October 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has partnered with household banking institutions, including Maybank, CIMB Bank, Affin Bank, AmBank and Alliance Bank through its second Happy Hunt Property Showcase, to introduce a range of financing options for its developments, including this year’s launches such as The MINH, The Connaught One, Residensi ZIG, and Serene Heights Intrika to name a few to alleviate further the homebuyers’ financial burdens in owning their dream home.
Unveiled during the second Happy Hunt Property Showcase held in Publika Shopping Gallery last week, new and veteran homebuyers alike can take advantage of a range of mortgage deals to achieve their dream of homeownership until 31 December 2023. These benefits include low-interest rates starting at 3.85%, flexible repayment options for greater long-term savings, high loan margins of up to 90% + 5%, fast-lane approval, green loan options, Full Flexi loans with no repayment caps, instant ATM cash withdrawals, among others.
“Our goal is to empower potential buyers with instant clarity, helping them discover various financing solutions based on their needs,” said UEM Sunrise Chief Marketing Officer Kenny Wong.
Furthermore, customers also have the chance to win enticing prizes worth up to RM 350,000 as part of our Happy Hunt Campaign, which wraps up on 31 December 2023. This campaign infuses an element of fun and provides numerous incentives as customers embark on their journey to find their dream home.
Since the start of the campaign in June, Happy Hunt has accumulated a total number of 5,155 leads with an estimated RM145 million worth of sales and still counting.
The public can still catch these mouthwatering deals and participating projects at MAPEX 2023 at Mid Valley Megamall from 27 to 29 October 2023, where they can find out more about acquiring their dream home and walk away with attractive deals.
UEM Sunrise’s nationwide campaign, in line with its tagline, Find your Happy, provides opportunities for the public to earn and win attractive goodies during their property-hunting journey, as well as reiterates the Company’s commitment to creating spaces that inspire joy and happiness, one space at a time to help homebuyers “Find your Happy”.
Kenny also added: “Happy Hunt remains aligned with our ‘Find your Happy’ brand as we seek to complement it with our customers’ homebuying experience, sprinkled with incentives throughout the journey, providing a comprehensive, all-in-one experience that makes the journey of purchasing a new home more effortless for customers.”
To find out more about the Happy Hunt campaign, visit uemsunrise.com
Announced during UEM Sunrise’s second Happy Hunt Property Showcase last week at Publika Shopping Gallery, the Company partners with Maybank, CIMB Bank, Affin Bank, AmBank and Alliance Bank to provide various financing options to alleviate further the homebuyers’ financial burdens in owning their dream home, until 31 December 2023.
PLUS DAN GENTARI MELANCARKAN STESEN PENGECAS PANTAS EV MODULAR MUDAH ALIH DILENGKAPI SISTEM SIMPANAN KUASA BATERI DI MALAYSIA, DI HENTIAN SEBELAH BEHR
Behrang, Perak, Malaysia – 17 Oktober 2023 – PLUS Malaysia Berhad (PLUS) dan penyedia penyelesaian tenaga bersih Gentari Sdn Bhd (Gentari), melalui anak syarikat milik penuh, Gentari Green Mobility Sdn Bhd (Gentari Green Mobility) telah berkolaborasi untuk menyediakan Stesen Pengecas Pantas Kenderaan Elektrik Modular Mudah Alih yang dilengkapi dengan Sistem Simpanan Kuasa Bateri (BESS), di Hentian Sebelah Behrang (Arah Utara).
Majlis pelancaran pada hari ini telah disempurnakan oleh Menteri Kerja Raya Malaysia, YB Dato Sri Alexander Nanta Linggi. Turut hadir adalah Ketua Setiausaha Kementerian Kerja Raya, Datuk Seri Hasnol Zam Zam Ahmad, Pengerusi PLUS, Dato’ Mohamad Nasir Ab Latif, Pengarah Urusan UEM Group Berhad dan Ahli Lembaga PLUS, Dato’ Mohd Izani Ghani, Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar, Timbalan Ketua Pegawai Eksekutif, Gentari dan Ketua Pegawai Eksekutif, Gentari Green Mobility, Shah Yang Razalli dan Pengarah Urusan EV Connection, Ir Lee Yuen How.
Dato Sri Alexander Nanta Linggi berkata, “Kolaborasi di antara PLUS dan Gentari merupakan satu kerjasama utama yang boleh memanfaatkan kekuatan tersendiri daripada setiap organisasi untuk menyokong sistem pengangkutan yang mesra alam sekitar, mencipta persekitaran yang lebih kondusif untuk penggunaan kenderaan mesra alam. Di Kementerian, kami komited untuk mencapai matlamat kelestarian Malaysia dan saya percaya kolaborasi ini akan memainkan peranan penting dalam memberi inspirasi kepada rakyat Malaysia untuk menyokong penyelesaian pengangkutan rendah karbon, selari dengan objektif yang terkandung dalam Pelan Malaysia Ke-12 (RMK-12), Pelan Hala Tuju Teknologi Hijau Malaysia (GTMP) dan Pelan Pembangunan Mobiliti Rendah Karbon (LCMB).”
Menurut Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar, “Sebagai pengendali lebuh raya terbesar di Malaysia dan rakan strategik negara, PLUS komited untuk menyokong dan menyumbang kepada agenda kelestarian negara. Kami berganding bahu bersama-sama Kementerian Kerja Raya, Lembaga Lebuhraya Malaysia serta pemain industri utama untuk menyokong pelan hala tuju pembangunan infrastruktur stesen pengecas EV, di mana kami mensasarkan untuk menyediakan 100 stesen pengecas EV DCFC di seluruh rangkaian Lebuhraya PLUS menjelang tahun 2025 untuk membentuk ekosistem yang kondusif bagi rakyat untuk beralih kepada penggunaan EV. Kerjasama PLUS dengan Gentari adalah salah satu pelan strategik kami untuk meningkatkan penyediaan kemudahan pengecasan EV, mempercepatkan pelaksanaan pelan serta rancangan dalam menyokong Malaysia bergerak ke arah negara berkarbon neutral menjelang tahun 2050.”
Pengecas bersepadu untuk kegunaan awam yang dilengkapi oleh Sistem Simpanan Kuasa Bateri (BESS) serta penggunaan tenaga solar ini, merupakan yang pertama di negara ini, dan ianya akan dilancarkan secara berperingkat pada tahun 2023 dan 2024, bermula dengan projek rintis di empat Hentian Sebelah di sepanjang Lebuhraya PLUS. Setiap lokasi akan mempunyai kuasa pengecasan DC sehingga 200 kW, dan empat poin pengecasan akan disediakan. Empat lokasi yang dicadangkan ialah Hentian Sebelah Behrang (Arah Utara dan Arah Selatan) di Perak dan Hentian Sebelah Senawang (Arah Utara dan Arah Selatan) di Negeri Sembilan. Tiga lagi lokasi akan dirancang di Hentian Sebelah Ajil (Arah Utara dan Arah Selatan) dan Kawasan Rehat & Rawat Perasing, yang terletak di Lebuhraya Pantai Timur 2 (LPT2), Terengganu.
Di samping itu, beberapa poin pengecas Alternating Current (AC) di stesen minyak PETRONAS sedia ada yang terletak di kawasan rehat dan rawat (R&R) dan hentian sebelah, akan dinaik taraf kepada poin pengecas DC Pantas (DCFC). Gentari juga akan membangunkan poin pengecas DCFC di stesen minyak PETRONAS sepanjang Lebuhraya PLUS dan lokasi berdekatan, yang dijangka siap sepenuhnya menjelang tahun 2024.
Inisiatif ini juga merupakan sebahagian daripada perancangan strategik lebuh raya untuk memberikan keyakinan jarak kepada pengguna-pengguna EV yang melakukan perjalanan rentas negeri.
Timbalan Ketua Pegawai Eksekutif, Gentari dan Ketua Pegawai Eksekutif, Gentari Green Mobility, Shah Yang Razalli berkata, “Kerjasama kami bersama PLUS dan Lembaga Lebuhraya Malaysia merupakan satu langkah penting yang progresif di dalam usaha kami untuk menggalakkan pembangunan ekosistem EV di Malaysia, sambil memberi keutamaan kepada keperluan pelanggan kami. PLUS, sebagai pengendali lebuh raya terbesar di Malaysia, memainkan peranan penting dalam meningkatkan infrastruktur dan kemudahan yang menjadi keperluan pemandu-pemandu di Malaysia. Secara langsung, ini akan meningkatkan keyakinan jarak dan hasrat orang ramai untuk beralih kepada EV. Gentari bersama rakan kongsi kami, EV Connection Sdn. Bhd. (EVC) amat teruja dengan kolaborasi ini untuk memperkenalkan Stesen Pengecas Pantas Kenderaan Elektrik Modular Mudah Alih. Inisiatif perintis ini menggabungkan penggunaan inovatif sistem BESS dan tenaga solar, dan kami berharap untuk terus mengorak langkah ke arah masa hadapan yang lebih lestari.”
Sejak diperkenalkan pada Jun 2022 sehingga kini, Gentari telah menyediakan lebih daripada 180 poin pengecasan di Malaysia dan lebih daripada 160 poin pengecasan di India, melalui rakan stategik syarikat. Dengan misi menjadi rakan penyelesaian tenaga bersih yang terbaik di Asia Pasifik menjelang tahun 2030, Gentari berhasrat untuk menguasai lebih daripada 10% pasaran poin pengecasan kenderaan EV di pasaran-pasaran utama di Asia Pasifik.
UEM SUNRISE INSTILLS SUSTAINABILITY AND PATRIOTISM THROUGH COMMUNITY INITIATIVES DURING NATIONAL AND MALAYSIA DAY CAMPAIGN
KUALA LUMPUR, 16 October 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has concluded its National and Malaysia Days campaign called “My Malaysia Moments” to demonstrate genuine support, respect and love for the country while working alongside communities through sustainability-themed initiatives such as a recycling contest with some of its PINTAR adopted schools and art contest with the public.
From 17 August to 18 September, UEM Sunrise’s community-focused campaign seeks to capture Malaysians’ everyday moments, covering nostalgic moments through to the modern day under the theme of patriotism and loving one’s country.
UEM Sunrise also collaborated with selected adopted schools in Central and Southern under its PINTAR Adopted Schools programme, where students collected and brought materials meant for recycling from their homes to build a replica of national monuments or historical buildings with prizes to be won for the best and most creative piece.
The Company has also organised an art contest for the public and its loyal customers called Trésorians with the theme “Express Your Malaysia's Heart and Heritage through Art” to foster closer-knit ties with the community through fun activities. The contest period started from 29 August to 18 September, covering both National and Malaysia Days.
In keeping with the campaign’s theme and the topic of sustainability, the Company hosted a special Art Workshop at Kiara Bay Sales Gallery. Participants were provided with a demonstration on how to tap into their creative side through art using alternative and organic materials.
“Inspired by this year’s National Day and Malaysia Day theme ‘Malaysia MADANI: Tekad Perpaduan, Penuhi Harapan’, our initiatives emphasised working together with our communities in harmony. They also echo UEM Sunrise's ESG commitments by promoting initiatives to reduce single-use waste in our daily lives, touching upon the ‘Environmental’ and ‘Social’ aspects of ESG.” said UEM Sunrise Chief Executive Officer, Sufian Abdullah.
He added: “The enthusiasm and unity displayed by the students and the participants throughout the two initiatives continue to inspire us to be better and more responsible citizens. We are optimistic that these have not only instilled the spirit of patriotism but an appreciation for reusable items while bringing joy to the communities.”
Both initiatives with the respective communities serve as testaments that single-use materials can be recycled and reused again for other purposes, reflecting part of the Company’s ESG agenda to transition to a low-carbon future by 2030.
The CSR-focused contest covers all three of the Company’s CSR objectives: Education Enhancement, where the Company firmly believes that education is a fundamental human right and must be extended to every child regardless of gender, race, religion or economic status, Community Engagement, where the Company works alongside communities regularly with emphasis on social inclusiveness through organising related events and providing the appropriate assistance to continuously improve community’s participation and foster shared prosperity. Lastly, the contest also touches on the Environmental Conservation pillar, which focuses on environmental awareness and proactive initiatives to protect the natural environment.
UEM Sunrise’s National and Malaysia Day campaign video captures the everyday moments of all Malaysians and celebrates the people’s national identity and can be viewed here.
From 17 August to 18 September, UEM Sunrise’s community-focused campaign seeks to capture Malaysians’ everyday moments, covering nostalgic moments through to the modern day under the theme of patriotism and loving one’s country.
Participants from the Art Workshop at Kiara Bay Sales Gallery demonstrated their works of art by tapping into their creative side using alternative and organic materials.
Students from UEM Sunrise’s selected PINTAR adopted schools collected and brought materials meant for recycling from their homes to build a replica of national monuments or historical buildings with prizes to be won for the best and most creative piece.
The contest held with UEM Sunrise’s selected PINTAR adopted schools serves as a testament that single-use materials can be recycled and reused again for other purposes, reflecting part of the Company’s ESG agenda to transition to a low-carbon future by 2030
CENERGI AIMS TO BRIDGE MALAYSIA’S GREEN SKILLS GAP, SIGNS MOC WITH MOHR TO TRAIN TVET STUDENTS
PUTRAJAYA, 5 October 2023 – To address Malaysia’s green skills shortage, Cenergi SEA Berhad (Cenergi or the Company), a sustainable energy solutions provider and subsidiary of UEM Group Berhad, has inked a Memorandum of Cooperation (MoC) with the Ministry of Human Resources (MOHR) which will see the Company providing green-related technical skills to Technical and Vocational Education and Training (TVET) students.
Signing the MoC on behalf of MOHR was its Minister, YB Tuan V. Sivakumar while Cenergi was represented by its Group Chief Executive Officer (GCEO), Hairol Azizi Tajudin. Present to witness the document exchange was Deputy Prime Minister, YAB Dato’ Seri Dr. Ahmad Zahid Hamidi
Under the MoC, Cenergi, specialising in reducing carbon footprint through investments in renewable energy specifically biogas, biomass, solar and small hydro as well as energy efficiency projects, will provide and develop latest curriculum and teaching modules aligned with green industry requirements in collaboration with instructors of Institut Latihan Kemahiran Asas (ILKA). In addition, Cenergi will offer hands-on internship opportunities to ILKA students, enabling them to gain practical experience and support their professional growth.
“As we continue to focus on the energy transition agenda, there is an immense potential for growth and opportunities within the green industry and thus, we must prepare our workforce accordingly. Cenergi is committed to the advancement and integration of TVET into the industry, both within the classroom and out in the field. By equipping the next generation with the necessary skills and expertise, we can meet the ever-evolving demands of the green industry, collectively drive the energy transition and support the growth of Malaysia’s green economy,” said Hairol Azizi Tajudin, Cenergi’s GCEO.
VENDOR DAY 2023 UEM EDGENTA: APPRECIATING COLLABORATION AND CELEBRATING VENDOR EXCELLENCE
KUALA LUMPUR, 5 October – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region's leading Asset Management & Infrastructure Solutions company, recently organised its Vendor Day 2023, held to appreciate and further strengthen existing relationships with vendors who have successfully contributed to the growth and excellence of the Company. Also present gracing the event was YB Datuk Ewon Benedick, Minister of Entrepreneur and Cooperatives Development (MECD).
Vendor Day 2023 is not only a platform to appreciate vendors. In fact, the event organised by UEM Edgenta, driven by the cooperation and support from the Franchise and Vendor Development Division under MECD, is a continuation of the momentum and efforts in creating an integrated and conducive vendor ecosystem. Indirectly, this event also ensures that the vendor community does not miss out on benefiting from empowerment events through various initiatives organised by MECD.
In her speech, Hillary Chua, Chief Financial Officer, UEM Edgenta shared, "Among the initiatives that have been implemented to improve the performance of vendors include UEM Edgenta's Supplier Financing Programme (SFP), which was launched on 30 August 2022, through our collaboration with HSBC Amanah Malaysia Berhad. The first in Asia, this programme offers financing facilities to vendors that are based on Islam/Sharia. The aim of this programme is to strengthen the bumiputra vendor development programme in Malaysia and support Micro, Small and Medium Enterprise (MSME) suppliers in obtaining very low interest rates and easy financing without collateral. This programme also provides MSME with the necessary cash flow and working capital to finance their day-to-day operations, thus enabling them to grow into larger companies.”
"The next initiative is the Strategic Vendor Management (“SVM”) framework. Through this initiative, the Company was able to develop a strategic vendor management framework and create a methodology to evaluate vendor performance, benefiting both organisations at the same time. To support the government's aspirations in the development of bumiputra vendors in line with the Shared Prosperity Vision 2030, the Company has also introduced the Vendor Development Programme (“VDP”). This three-year development programme aims to provide opportunities for sustainable business growth and foster resilience in the face of a challenging business environment. This programme will also enhance vendors' ability to explore business opportunities outside of Edgenta and create a competitive development platform to build an excellent vendor reputation," added Hillary.
Syarunizam Samsudin, Managing Director and Chief Executive Officer, UEM Edgenta, shared “We are always committed to strengthen our vendor network in our effort to realise ‘Edgenta of the Future 2025’, where excellence and technological advances are viewed as the main drivers of our business offerings. The future of the Company is driven and realised through the collaboration with more than 1,700 registered vendors.”
“We are cognizant of the needs of UEM Edgenta registered vendors. This is clear through the development and funding programmes organized and which aim to further strengthen the vendors in today's dynamic business environment. We are confident that our initiatives that include the Supply Chain Financing Programme ("SFP"), the Vendor Management Framework, and the bumiputra Vendor Development Program ("VDP") can directly support and impact the development and growth of vendors' businesses, " added Syahrunizam.
YB Datuk Ewon Benedick, Minister of Entrepreneur and Cooperative Development, emphasised in his opening speech, the important role played by private strategic partnerships such as UEM Edgenta in realising the VDP, a programme supervised by MECD.
He added, "To date, more than 16 UEM Edgenta entrepreneurs have received various benefits from the VDP programme such as the Vendor Capacity and Capability Development Program, the Vendor Innovation and Commercialisation Grant and the International Market Access Programme.”
The ceremony also witnessed YB Datuk Ewon Benedick presenting the Vendor Development Programme Award to seven (7) entrepreneurs and the Outstanding Performance Special Award, received by six (6) entrepreneurs. Five (5) entrepreneurs received the Health, Safety, Security & Environment (HSSE) Special Award presented by Hillary Chua.
In addition to witnessing recognition through the presentation of awards in various categories, vendors registered under UEM Edgenta were also presented with a variety of interesting programmes throughout the event. Among them were briefing sessions on "Strategic Vendor Management Framework" by UEM Edgenta representatives and also informative sharing sessions related to vendors such as the Supply Chain Financing Programme, including topics that touch on Environmental, Social & Governance ("ESG") initiatives as well as Risk, Integrity & Compliance. In addition, several sessions riding on the concept of Business Matching Sessions were also held together with vendors and featured UEM Edgenta's core business units such as Infrastructure Services, Healthcare Solutions, Property & Facility Solutions together with OPUS Consultants (M) Bhd (a wholly owned subsidiary of UEM Edgenta).
Vendor Day 2023 is evident of the close cooperation between UEM Edgenta and the Government to implement economic and infrastructure reforms in line with the Government's wishes in the MADANI Malaysia concept and help Malaysia emerge as an economic leader in the Southeast Asian region.
Also present at the event was YBhg. Dato' Sri Suriani binti Dato' Ahmad, Secretary General of MECD and YBhg. Datuk Haji Zamri Salleh, Deputy Secretary General (Entrepreneurial Development) of MECD.
UEM SUNRISE THROUGH MLMSB PENS MOU WITH UNIVERSITI MALAYA TO IMPROVE WATER QUALITY OF THE KEPONG METROPOLITAN LAKE-GARDEN
KUALA LUMPUR, 26 September 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), through its joint-venture subsidiary Mega Legacy (M) Sdn Bhd (“MLMSB”) with Melati Ehsan Group, has inked a Memorandum of Understanding (“MoU”) with Universiti Malaya’s (“UM”) Faculty of Science to assess the water quality and heavy metal contents of the lake in the Kepong Metropolitan Park, located next to the Company’s 72.74 acres (29.4 hectares) township of Kiara Bay in Kepong.
Chairperson of MLMSB, Zaida Khalida Shaari and the Dean of the Faculty of Science, Universiti Malaya, Professor Dr. Zulqarnain Mohamed, signed the MoU in the presence of Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change (NRECC), Dato’ Mohd Izani Ghani, Managing Director of UEM Group Berhad (UEM Group) and Sufian Abdullah, Chief Executive Officer of UEM Sunrise and Director of MLMSB.
MLMSB initiated the signing of the MoU with the intention of evaluating the water quality of Kepong Metropolitan Park Lake. This evaluation is necessary to activate Kiara Bay's waterfront development within the integrated township, ensuring a safe and pleasant environment for the community's enjoyment and activation of various water activities.
The MoU outlines two phases of the initiative, which is being financed via a grant provided by UEM Group, parent company of UEM Sunrise. In phase one, UM will test the water quality for the presence of heavy metals and sediments, as well as the lake’s microbiological contents. This will determine the necessary steps to be taken in the second phase, based on the findings and recommendations gathered, to restore the quality of the lake’s water.
These findings will also determine Kiara Bay’s design development and future placemaking programmes. It is worth noting that the treatment of the lake will also be a stepping stone in preserving aquatic life and biodiversity, as maintaining the lake is crucial for the ecosystem.
The Environment Quality Act 1974, under the purview of the Department of Environment, stipulates that control measures and continual monitoring programmes must be implemented to ensure the quality of water and the circulation of the lake system is enhanced to protect the environment.
“It is heartening to see UEM Sunrise proactively working to ensure the environmental sustainability of its developments. The MoU demonstrates that much can be done in protecting as well as improving Malaysia’s environment through the common effort of all sectors of the nation, including the government, private sector and academia.
The preservation, for the public, of the Kepong Metropolitan Park and its Lake is absolutely essential. Moving forward, we hope to see more such collaborations towards making Malaysia’s urban spaces more liveable and towards greater sustainability in the nation as a whole,” said NRECC Minister Nik Nazmi.
“We at UEM Group, firmly believe that preserving the health of the lake serves a dual purpose – it safeguards our biodiversity and simultaneously paves the way for the sustainable development of Kiara Bay by UEM Sunrise. It underlines our commitment to Environment, Social and Governance (ESG) elements, reinforcing our ongoing efforts to build a better future for both our community and the wider environment,” said UEM Group Managing Director, Dato’ Mohd Izani Ghani.
“As a conscientious developer, we have long recognised the need to balance contributions to the environment, society and economy in all our developments and townships that fulfil communities’ social, physical and spiritual needs. The Kepong Metropolitan Park serves as a communal recreational facility for the public to come together and engage in leisure activities,” said MLMSB Director Sufian Abdullah, who is also Chief Executive Officer of UEM Sunrise.
Sufian added: “For this reason, we want to ensure that it is well-preserved and sustainable by being the first property developer to collaborate with Universiti Malaya on the water assessment exercise.”
UM will compare the analysis results of the lake’s water against the National Lake Water Quality Criteria and Standards (“NLWQS”) by the National Hydraulic Research Institute of Malaysia (“NAHRIM”) and the Ministry of Natural Resources and Environment (“NRE”) (2015) and National Water Quality Standard (“NWQS”).
MLMSB’s collaboration with UM also serves as a testament to UEM Sunrise’s Sustainability Blueprint 1.0, anchored by four core pillars: Liveability, Affordability, Sustainability and Resilience. This framework integrates sustainability considerations into every design and development decision the Company makes.
Kepong Metropolitan Park is a 234.74-acre (95 hectares) park with a 140.85-acre (57 hectares) lake famously known for its recreational activities. The lake is significant not only to Kiara Bay, as it is UEM Sunrise’s flagship township in Klang Valley through MLMSB, but also to the broader Kepong community, as one of numerous leisure activities hubs.
Front row, from left to right - Dean of the Faculty of Science, Universiti Malaya, Professor Dr. Zulqarnain Mohamed and Chairperson of MLMSB, Zaida Khalida Shaari, signed the MoU between inked an MoU with Universiti Malaya’s Faculty of Science to assess the water quality of the lake in the Kepong Metropolitan Park.
Back row, from left to right - Chief Executive Officer of UEM Sunrise and Director of MLMSB, Sufian Abdullah; Minister of Natural Resources, Environment and Climate Change, Nik Nazmi Nik Ahmad and Managing Director of UEM Group Berhad Dato’ Mohd Izani Ghani witnessed the signing of the MoU
From left to right - Sufian Abdullah, Professor Dr. Zulqarnain Mohamed, YB Nik Nazmi Nik Ahmad, Zaida Khalida Shaari, and Dato’ Mohd Izani Ghani posed for a group photo after signing the MoU.
Universiti Malaya showing a demonstration of how they will conduct the water assessment of the lake.
From left to right – UEM Sunrise Non-Independent Non-Executive Chairman, Datuk Hisham Hamdan; Dean of the Faculty of Science, Universiti Malaya, Professor Dr. Zulqarnain Mohamed; Managing Director of UEM Group Berhad Dato’ Mohd Izani Ghani; Minister of Natural Resources, Environment and Climate Change, Nik Nazmi Nik Ahmad; Chairperson of MLMSB, Zaida Khalida Shaari; Chief Executive Officer of UEM Sunrise and Director of MLMSB, Sufian Abdullah; Universiti Malaya Senior Lecturer, Ts. Dr. Wan Abd Al-Qadr Imad Bin Wan Mohtar; UEM Sunrise Independent Non-Executive Director, Poh Ying Loo; UEM Sunrise Non-Independent Non-Executive Director, Reagan Chan Chung Cheng posed for a group photo in front of the Kepong Metropolitan Park.
UEM EDGENTA RECOGNISED BY MALAYSIA BOOK OF RECORDS FOR RAPID CONSTRUCTION OF FIELD HYBRID INTENSIVE CARE UNIT DURING COVID-19 PANDEMIC
KUALA LUMPUR, 21 September – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region's leading Asset Management & Infrastructure Solutions company, continues to garner recognition for its exceptional contributions in the healthcare solutions sector. In yet another demonstration of excellence, the Company's subsidiary, Edgenta Healthtronics Sdn Bhd (“EHSB”), recently bagged the award for "FASTEST CONSTRUCTION OF FHyICU BUILDING DURING COVID-19 PANDEMIC" by the Malaysia Book of Records (“MBOR”). The first of its kind in Malaysia, the state-of-the-art 150-bedded Field Hybrid Intensive Care Unit (“FHyICU”) built across selected government hospitals in Malaysia stands as a testament to UEM Edgenta's unwavering commitment to innovation and exceptional project execution in the face of challenging circumstances.
The inception of FHyICU was mooted by the then Minister of Health and his Secretary-General as a response to the escalating COVID-19 infections in 2020. Driven by a determination to effectively address this crisis, the Ministry of Health (“MOH”) sought to embark on a strategic partnership with a competent private enterprise capable in elevating healthcare infrastructure and fortifying the nation's health capacity.
“As a homegrown enterprise, UEM Edgenta takes immense pride in its commitment to supporting the Government's COVID-19 recovery endeavors. Leveraging our specialized expertise, we successfully brought to life the Ministry of Health's innovative FHyICU concept – a mobile ICU unit equipped with its own self-sustaining power, oxygen, and water supply. This achievement underscores our company's capability to transcend challenges and provide crucial solutions precisely when they are needed the most,” said Syahrunizam Samsudin, Managing Director and Chief Executive Officer of UEM Edgenta.
"The successful completion of the 150-bed FHyICU facility stands as a testament to our unwavering commitment to meeting the nation's healthcare needs, especially during the critical phases of the COVID-19 pandemic. This recognition will further spur us to continue delivering top-tier services and solutions that contribute to the well-being of our community and the advancement of the country's healthcare infrastructure," he added.
Present at the event, Shaiful Subhan, Managing Director of Edgenta Mediserve Sdn Bhd and Head of Healthcare Solutions, UEM Edgenta, further shared, "The recognition by the Malaysia Book of Records is a moment of immense pride for UEM Edgenta and its dedicated team. We are honoured to join the ranks of record-holders in the country. The Company looks forward to continuing its mission of delivering innovative solutions and contributing to the advancement of Malaysia's healthcare landscape. This achievement is a testament to our unwavering commitment to excellence and innovation, even in the most challenging circumstances."
The construction of the FHyICU, a groundbreaking initiative aimed at enhancing critical care capabilities, was undertaken simultaneously at multiple locations across Malaysia during the challenging period of the COVID-19 pandemic. Totaling 14 different sites, this achievement underscores UEM Edgenta's commitment to healthcare excellence and its dedication to supporting the nation's healthcare infrastructure, particularly in times of crisis.
The FHyICU stands as a testament to the collaborative efforts of UEM Edgenta and its esteemed partners, who worked tirelessly to complete the project within a demanding timeframe. This accomplishment not only reinforces the Company's reputation as an industry leader but also highlights its unwavering commitment to serving the community and prioritising the well-being of the nation. Appointed by MOH, the UEM Edgenta, through EHSB, served as the main contractor for this ambitious project where it seamlessly collaborated with various partners, each playing a pivotal role in the successful completion of the FHyICU, namely Synar Setara Resources Sdn. Bhd., S&A Bintang Sdn. Bhd., and Perunding Al-Shura M&E Sdn. Bhd.
Held at the Company’s headquarters in Kuala Lumpur, the certification was presented by Edwin Yeoh Tiong Chin, Senior Record Consultant, MBOR, to Shaiful Subhan. Also present to witness the historic moment were Tuan Hj. Yahaya Saad, Director, Engineering Services Division together with representatives from MOH and Ir Mazlan Yusoff, Acting Chief Operating Officer, Healthcare Solutions, UEM Edgenta.
UEM Edgenta continues to embark on its remarkable journey of innovation, propelling growth while delivering technology and sustainability-enabled impact to all stakeholders. For more information log on to www.uemedgenta.com
PLUS ATTAINS ASEAN ENERGY AWARD FOR ENERGY EFFICIENT BUILDING
Petaling Jaya, 18 September 2023:- PLUS Malaysia Berhad (PLUS), Malaysia’s leading highway concessionaire, is proud to announce its remarkable achievement in winning the prestigious Energy Efficient Building Award in the Zero Energy Building category at the ASEAN Energy Efficiency and Conservation Best Practices Awards 2023.
The award serves as a recognition of PLUS' commendable efforts in implementing energysaving strategies at its Dengkil R&R (Northbound). The facility operates round the clock, which naturally results in substantial electricity consumption and maintenance expenses. In response to this sustainability challenge, PLUS undertook a series of innovative initiatives aimed at incorporating eco-friendly elements into the building design.
One of the notable measures taken was the integration of a Solar Photovoltaic (PV) System, which seamlessly complements the R&R’s passive design. These concerted efforts have effectively transformed the rest area into an energy efficient facility, demonstrating PLUS' commitment to reducing its environmental footprint while simultaneously providing continuous service to its patrons.
Furthermore, the attainment of zero energy building requirements hinged on three pivotal elements: passive design, active design, and renewable energy systems. It was the successful integration of these components that served as the cornerstone, ultimately leading to PLUS' well-deserved recognition and award win. The winning factors for Dengkil R&R (Northbound) include Building Energy Intensity (BEI) reduction of 99.5%, cost-effectiveness, integration of green elements in passive and active designs as well as availability of renewable energy system.
The ASEAN Energy Efficiency and Conservation Best Practices Awards 2023 not only acknowledges PLUS’ exceptional efforts but also highlights its significant contribution by executing various green initiatives that are sustainable and energy efficient to the ASEAN community overall. The recognition underscores PLUS’ pivotal role in shaping the region's future through innovative and eco-conscious practices.
Among the winners of the Zero Energy Building category were prominent organizations from across the ASEAN region, namely Sinar Mas Land (Indonesia), Spritzer ASRS Warehouse (Malaysia), Samwoh Corporation PTE, LTD (Singapore) and Provincial Electricity Authority (PEA) (Thailand).
The award was presented to PLUS’ Chief Operating Officer, Datuk Zakaria Ahmad Zabidi, at a Gala Dinner and Award Ceremony at the Bali Nusa Dua Convention Centre in Bali, Indonesia in conjunction with the ASEAN Energy Business Forum, recently.
He further added, “This is PLUS’ third award at the ASEAN Energy Awards which cements its reputation as an innovative organisation in energy efficiency and conservation in the region. In the past, PLUS had also received the 1st Runner-up award in the Energy Efficiency category for Energy Management of Large Buildings in 2020 and for Retrofitted Building in 2021 at the ASEAN Energy Awards.”
UEM SUNRISE UNVEILS SECOND PHASE OF KIARA BAY, MULTI-GENERATIONAL DEVELOPMENT CALLED RESIDENSI ZIG, ON MALAYSIA DAY
KUALA LUMPUR, 12 September 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) will unveil that the second phase of Kiara Bay, a multi-generational themed residence designed to co-exist with its natural surroundings, called Residensi ZIG, which will launch on 16 September.
Located in UEM Sunrise’s flagship township of Kiara Bay, Kepong, the 1.38-hectare (3.4-acre) leasehold residence has a total of 1,126 units within three zones, zone A and C up to level 56 while zone B up to level 50. As for its layouts, the residence has five main built-up sizes to cater to different generational needs, from studio up to four-bedroom units, starting from a compact 42 m2 (450 ft2) to a spacious 111 m2 (1,198 ft2), consisting of a four-bed, three-bath layout equipped with a private garden and terrace. The units have a starting price of RM340,888 (RM575 per ft2).
Each floor comes with a total of 26 units with two sets of elevators, comprising a range of semi-D and bungalow units. The larger units are located in the premium zone and require a special keycard for entry, providing extra security and peace of mind for residents.
Certain walls are removable, demonstrating adaptive and flexible living to suit the residents’ diverse lifestyles, where selected units allow residents to design enclosable kitchens. In addition, some units also come with urban yards and balconies, allowing residents to fully utilise part of the balcony for laundry in an enclosable and neat way, as well as have breathtaking views of the Kepong neighbourhood and as the opportunity to catch a glimpse of Genting Highlands from afar.
UEM Sunrise Chief Marketing Officer Kenny Wong said, during the media launch: “We are excited to unveil the second phase of Kiara Bay, Residensi ZIG, a biophilic residence conceptualised to bring us back to our roots and demonstrate that nature can co-exist with our homes.
Wong shared: “As Residensi ZIG is our biophilic-themed residence, it focuses on creating an environment where the building occupants can reconnect and immerse themselves with nature to improve their physical and mental well-being.”
The development’s green areas are not just provided on the ground and podium level but also at the mid-level (levels 35 and 37) and up to the roof for the occupants to enjoy. Emulating the rainforest, the different layers from the ground to the top (emergent layer) provide shelter and livelihood for different living organisms.
Moreover, Residensi ZIG’s biophilic design revolves not only around adapting flora around the development. Natural sunlight and natural ventilation are part of nature as well. The tower is orientated to avoid direct sunlight while still providing indirect natural lighting into the units. A 'no air well' design approach enables and significantly improves natural ventilation for the common corridor and the units as well.
Residensi ZIG’s essential amenities are aplenty and tailored for the whole family and the community, including a 50m lap pool with a beach-inspired entry, an intergenerational playground, an indoor games area, and a central park with a designated picnic corner.
For those with an active lifestyle, the development comes with badminton courts, a trendy indoor gym, a wellness corner with yoga decks, exercise stations, a hammock corner, a Tranquil Garden with a meditative deck, a tea corner, a herbs garden for those who prefer to wind down after the daily grind.
Situated in the township of Kiara Bay, which is also within the mature neighbourhood of Kepong, Residensi ZIG is easily accessible via highways such as the Kuala Lumpur Middle Ring Road 2 (MRR2), Duta-Ulu Kelang Expressway (DUKE), Selayang-Kepong highway and Damansara-Puchong Expressway (LDP).
Residensi ZIG falls under the RISE Series of UEM Sunrise’s Happy+ product series. Homes within this series are designed as flexible and agile spaces able to shape and shift to suit your lifestyle with more value built in. These attainable homes embody practical living with an environment of simplicity, recreation and convenience.
With an estimated gross development value (GDV) of RM 646.2 million, Residensi ZIG is scheduled to be completed sometime in Q4 2027.
Announced in 2019, Kiara Bay is UEM Sunrise’s flagship township in the mature and historic neighbourhood of Kepong. Spanning 29.4 hectares (72.74 acres), the current township plan has 15 developable plots, roads, green pathways, and open spaces. Considering the pandemic and market sentiments, UEM Sunrise, together with its joint-venture (JV) partner, Melati Ehsan Group, has plans to echo the “liveability” concept of Kiara Bay with a focus on connectivity, community, and sustainability.
The replanning of Kiara Bay will consist of 13 plots of developable land, among others and is currently under review by the authorities. UEM Sunrise will provide updates in the near future.
To find out more about Residensi ZIG, visit uemsunrise.com/ResidensiZIG or visit the Company’s sales gallery in Kiara Bay, Kepong.
Artist’s impression of Residensi ZIG façade.
Artist’s impression of Residensi ZIG’s overall facade view.
Artist’s impression of Residensi ZIG guard house.
Artist’s impression of Residensi ZIG type D.
Artist’s impression of Residensi ZIG beach-inspired pool.
(From left to right): Chief Development Officer Mardiana Rahayu Tukiran, UEM Sunrise Chief Marketing Officer Kenny Wong, and Chief Operations Officer (Central) Liong Kok Kit posed for a group photo next to the Residensi ZIG scale model at the Kiara Bay sales gallery in Kepong.
UEM EDGENTA FORGES A SUSTAINABLE FUTURE: UNVEILING THE PATHWAY TO NET ZERO
KUALA LUMPUR, 12 September – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, today launched its groupwide Net Zero Targets and announced its commitment to achieve net zero greenhouse gas (GHG) emissions by 2050. Graced by YB Nik Nazmi Nik Ahmad, the Minister of Natural Resources, Environment, and Climate Change (NRECC), the launch is a long-term testament to combating climate change and advancing a greener future for Malaysia and beyond.
UEM Edgenta has set forth a goal to reduce its operational GHG emissions by 26% by 2030 in the medium term. In the long term, UEM Edgenta aims to achieve net-zero emissions by 2050. These commitments align with the International Energy Agency's (IEA) Net Zero Emissions by 2050 Global Pathway (published in 2022). The targets are set against the company's 2022 groupwide global baseline GHG carbon footprint of 17,577 tonnes of carbon dioxide equivalent (tCO2e). UEM Edgenta’s decarbonisation strategy is based on a multifaceted approach, reliant on energy efficiency solutions, the generation of renewable energy sources, and the electrification of its fleet of vehicles.
In an era of heightened climate urgency, UEM Edgenta firmly supports Malaysia's commitment to sustainability in the economy, society, and the environment toward achieving net zero by 2050. We proudly align ourselves with the 12th Malaysia Plan (12MP) for 2021-2025, which prioritises sustainability in the economy, society, and the environment. Guided by the Finance Ministry's Economic 2023 Outlook Report, we embrace the National Policy on Climate Change and related policies, working towards a sustainable future. Our commitment includes exploring eco-friendly materials, adopting renewable energy models, and integrating sustainable asset management practices. We're dedicated to contributing to Malaysia's goal of achieving 20%- 23% energy efficiency savings by 2050 as outline in recently unveiled in the National Energy Transition Roadmap (NETR). Malaysia's target to reduce carbon intensity by 45% against 2005 levels by 2030 is commendable, and UEM Edgenta is proud to play a role as a responsible corporate citizen in advancing Malaysia's sustainable development goals.
In line with the 'Edgenta of the Future 2025' vision, UEM Edgenta is launching OPUS Consultants' Sustainable Solutions, a holistic approach to enhance asset performance and value through sustainability, technology, and data analytics. This solution supports our sustainability goals, backed by government support, and offers clients the benefits of expertise, a greener future, and cost savings.
Building on the success of the previous RM100 million allocations under the 'Sustainable Zero-Capex Programme' for Sarawak, UEM Edgenta is pleased to announce the extension of a similar initiative amounting to RM100 million in Peninsular Malaysia, in collaborating with NRECC focusing on sustainable asset life cycle management and built environment. This expansion encompasses various sectors, including healthcare, industrial, commercial, and residential. The transformative initiative is designed to empower building and asset owners to expedite their sustainability agendas with minimal to no upfront costs through a one-stop solutions provider. Serving as the one-stop solutions provider, OPUS offers a comprehensive range of end-to-end sustainability solutions. With OPUS at the helm, the commitment is to facilitate and advance sustainable practices across various industries in Malaysia. These end-to-end solutions encompass initial consultancy and baseline assessment of greenhouse gas emissions, as well as the conversion of buildings into environmentally certified structures either for new development or existing buildings. Additionally, these services include comprehensive operations and maintenance, and a real-time monitoring through centralised command and contact centre. Cutting-edge technologies, such as IoT (Internet of Things) and digital twin, are integrated into our solutions through our sister company, EdgentaNxt, and strategic partners.
In his keynote speech, YB Nik Nazmi Nik Ahmad eloquently remarked, "The Net Zero Target initiative stands as a momentous stride toward a more environmentally conscious future. UEM Edgenta's unwavering commitment is not only commendable but serves as an inspiring example for the broader business community. I hold firm in my belief that this initiative will play a pivotal role in expediting Malaysia's transition to a low-carbon economy. It brings us immense pleasure to learn of UEM Edgenta's resolute dedication to achieving Net Zero Scope 1 and 2 emissions by 2050, a commitment that extends beyond our borders to encompass their global operations. UEM Edgenta's remarkable endeavours in enhancing energy efficiency, exemplified by initiatives like the Green Building Certification (GBI) program for their clients, will undoubtedly cast a positive green hue over our national built environment."
"Through UEM Edgenta's Energy Efficiency solutions, clients were able to achieve more than a 50% reduction in energy consumption and more than a 10% reduction in water use. The Ministry also welcomes the fact that three (3) of UEM Edgenta's hospitals in the northern part of the country achieved prestigious LEED certification. Sultanah Maliha Hospital was the first hospital in the world to receive Gold LEED status in 2020. Recently, Slim River Hospital and Kepala Batas Hospital were accredited with Platinum LEED standards in 2022 and 2023, respectively. These achievements also helped the Ministry of Health (MOH) record savings of RM90.0 million in energy consumption between 2017 and 2022 at the 32 government hospitals in the Northern Region of Malaysia, translating into a carbon reduction of 165 million kg of CO2," he added.
The unveiling of UEM Edgenta’s Net Zero Targets initiative marks an important step in the company’s journey towards a more sustainable future. Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, shared, “Our Property and Facilities Solutions (PFS) division partners with Edgenta NXT for data-driven facilities management, benefiting clients such as the Prime Minister’s Office and the Petronas Twin Towers. We are expanding to offer Emission Baselining and Carbon Roadmap services, aligning with our net-zero by 2050 goal. OPUS Consultants, a subsidiary of UEM Edgenta, will commercialize Sustainability Services, offering the Sustainable Zero-Capex Program and committing a total of RM200 million to support clients in achieving their net-zero ambitions. We are well-prepared to support the NETR with our expertise, collaborating with Khazanah and UEM Group to become a global sustainability services provider. We envision a National Adaptation Plan that bolsters our nation's resilience against climate change.”
The event featured the signing of three Memorandum of Business Exploration (MOBE) with partners Earth Finance Inc., Honeywell International Sdn. Bhd, and Yinson Green Technologies, aiming to strengthen strategic partnerships for sustainable solutions and green financing. These MOBEs will align UEM Edgenta with international standards and provide decarbonization solutions. Notable attendees included Garrett Kephart, President of Earth Finance; Sharad Yadav, Vice President & General Manager, Rest of APAC, together with Lim Yeong Chuan, Regional/Country General Manager from Honeywell International and Srinivas Tati, Senior Vice President of Yinson.
UEM GROUP SUPPORTS MALAYSIA’S RENEWABLE ENERGY AGENDA, NETR’S STRATEGIES AND INITIATIVES
KUALA LUMPUR, 29 August 2023 – UEM Group Berhad (UEM Group), the wholly-owned subsidiary of Khazanah Nasional Berhad (Khazanah), is fully supportive of Malaysia’s Renewable Energy (RE) agenda and welcome strategies and initiatives outlined in the National Energy Transition Roadmap (NETR), launched by YAB Prime Minister Dato’ Seri Anwar Ibrahim today.
“In the NETR, the Government has detailed coherent strategies and initiatives to lead our country’s energy transition, raise our economic ceiling, enhance the livelihoods of the Rakyat and assert Malaysia’s place as a regional frontrunner in the renewable energy industry," said Dato' Mohd Izani Ghani, Managing Director of UEM Group.
“NETR astutely identifies Malaysia’s current positioning whilst addressing the hurdles ahead. The commitment shown by the Government to undertake this economic paradigm shift is commendable and we’re confident with the continuous policy support, it would pave the way for Malaysia to become a high-value and green sustainable economy as well as accomplish the country’s aspiration towards net-zero emissions by 2050.
“UEM Group is fully on board and we stand ready to attract more high quality investments, both local and foreign, which we believe will move the needle and generate the momentum prerequisite for progress in this area,” added Dato’ Mohd Izani.
UEM Group recently announced plans to develop a one (1) gigawatt (GW) Hybrid Solar Photovoltaic (PV) Power Plant integrated with RE Industrial Park in Malaysia. The project, one of the 10 flagship catalyst projects announced earlier under the Phase 1 of NETR, will see the participation of a local entity as well as three foreign investors.
It also announced a RM7 billion Sustainable and Responsible Investment (SRI) sukuk programme under a Special Purpose Vehicle (SPV), UEM Olive Capital Berhad, from which the proceeds will be used to finance investments to be undertaken by its green investment arm, UEM Lestra Berhad. UEM Group also had on 16 August 2023, announced the acquisition of Cenergi SEA Berhad, a company that specialises in reducing carbon footprint through investment in renewable energy specifically biogas, biomass and solar as well as energy efficiency projects.
UEM EDGENTA REPORTS SOLID PERFORMANCE IN 1H FY2023, DEMONSTRATING RESILIENCE AND GROWTH
KUALA LUMPUR, 28 August – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, has announced a 15.6% increase in net profit to RM23.4 million in the six (6) months ended 30 June 2023 following a higher revenue of RM1.35 billion (RM1.17 billion 1H FY2022).
In announcing its unaudited financial results for 1H FY2023 today, the Company said as of Q2 FY2023, net profit grew by 15.7% to RM12.5 million from RM10.8 million in Q2FY2022 while revenue improved by 14.6% to RM719.3 million from RM627.7 million.
The double-digit increase in revenue for 1H FY2023 resulted from higher volume of pavement works performed for major expressways and commencement of new contracts secured for Asset Management division. Revenue growth in Healthcare Support Services division mainly driven by strong contract renewal rate of ~90% as well as diversification into the adjacencies such as hospitality sector in Singapore and Taiwan. As of 30 June 2023, UEM Edgenta’s financial position remained healthy by maintaining a low gearing ratio at 0.3 times with cash and bank balances of RM607.0 million.
New contracts secured in 1H 2023 totalled RM922 million, achieving 70% of FY2022's total new contracts secured. Notably, a substantial 62% of these new wins originated from the Company’s tech-enabled solutions business, underscoring its increasing significance in our portfolio.
Of the new contracts, 70% are from its healthcare segment, a testament of the Company’s pre-eminence in this field; and that 75% of the new contract wins were contributed from international businesses, a testament of its strong credibility and proven track record as a leading international integrated facilities management service provider. As of 30 June 2023, the Company’s orderbook remained healthy, totalling RM9.6 billion.
During the first half of 2023, the macroeconomic environment continued to face multiple headwinds, including renewed concerns on slowing global economic growth triggered by the escalating geopolitical tensions, prolonged supply chain disruptions and inflationary cost pressures. Against this backdrop, the Company remains steadfast towards its focus in maintaining agility in navigating the business during this uncertain period.
Commenting on the latest results, UEM Edgenta’s Managing Director/Chief Executive Officer Syahrunizam Samsudin said, “Driven by our Edgenta of the Future 2025 (EoTF2025) ambition, we continue to demonstrate strong progress in delivering our technology and sustainability-based solutions that cater to the needs of our stakeholders and that enables the business to differentiate and expand in high-growth markets. These efforts have translated into a good set of results in terms of new contract wins and a solid financial performance in the first half of 2023.”
“The results in the first half are reflective of our journey towards becoming a leading global integrated facilities management company catalysed by our proprietary technology and sustainability-embedded capabilities. As we enhance our product and service propositions to gain market share, both locally and internationally, we will continue to collaborate with leading companies globally to bring to market solutions that provides superior outcomes in managing our stakeholders’ assets. As we expand our businesses globally, we will continue to optimise our delivery models and enhance our operational efficiencies through cost synergies, digitisation and innovation as we institutionalise ESG (“Environmental, Social and Governance”) principles in our work culture and execution of services,” he further added.
UEM SUNRISE BERHAD EXCEEDED ITS LAUNCH AND SALES TARGETS FOR 2023; ANNOUNCES FIRST HALF FINANCIAL RESULTS
KUALA LUMPUR, 18 August 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the first half ended 30 June 2023 (1H 2023). The Company recorded a revenue of RM605 million driven by higher construction progress from local developments, mainly Residensi AVA in Kiara Bay, Residensi Allevia in Mont’Kiara, Serene Heights in Semenyih, Residensi Astrea in Mont’Kiara and KAIA Heights in Equine Park, Seri Kembangan. This is in addition to the revenue secured from land sales, which contributed 14% towards the total revenue and revenue from property investments, facilities management, and others.
Its gross profit margin improved to 37% in 1H 2023 in comparison to 27% in the first half of 2022 (1H 2022), mainly due to the recognition of project cost savings in the first quarter of 2023. Its operating expenses have dipped by 11% compared to 1H 2022, while its operating profit improved by 17%. In tandem with the higher gross profit, after including the positive performance of its joint ventures and associates, the Company recorded a profit after tax and non-controlling interests of RM40 million for 1H 2023.
Its inventories were further reduced by 28% to RM146 million as of 30 June 2023 (RM203 million as of 31 December 2022), while its cash balances remained strong at RM1.5 billion, a 50% increase from its position of RM1.0 billion as of 31 December 2022. Its net gearing remained moderate at 0.46x as of 30 June 2023.
Property sales in the first half were RM1.5 billion; 32% from Central, mainly from The MINH in Mont’Kiara, The Connaught One in Cheras, and Residensi Allevia, while 9% was from Southern, mostly from Senadi Hills, Estuari Gardens and Aspira Square, all in Iskandar Puteri. International projects contributed a significant portion towards secured sales this period, with the sale of the Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million (or RM873.7 million). As of 30 June 2023, UEM Sunrise has unbilled sales of RM2.7 billion.
Zooming into the financial results, UEM Sunrise Chief Executive Officer Sufian Abdullah said: “We are on track as far as our pipeline of new launches worth RM2.5 billion to the market. Our sales as of 30 June 2023, have amounted to RM1.5 billion, with 32% derived from Central comprising The MINH in Mont’Kiara, The Connaught One in Cheras, and Residensi Allevia, while 9% was from Southern, mainly Senadi Hills, Estuari Gardens and Aspira Square, all in Iskandar Puteri.”
He added: “Our international projects have contributed a significant portion towards secured sales this review period, with the sale of our Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million. We remain confident that we will be able to maintain a positive earnings position for the quarter under review whilst strengthening the fundamentals and our stakeholders’ confidence in the Company.”
Concurrently, the Company is progressing into the second stage of Triage this year after achieving the majority of the initiatives rolled out last year. Triage is the first part of our three-phase strategic turnaround plan and takes place from 2022 to 2023. This will be followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond).
As for the key new launches in 2023, Sufian said: “The launches of our latest development in Mont’Kiara, The MINH in May and our first transit-oriented development in June to the public were met with very warm receptions. With a GDV of RM979 million and RM743 million, respectively, The MINH and The Connaught One contribute to our 2023 goal of achieving RM 2.5 billion in GDV launches. Both developments are also the first of their kind in our Happy+ product series, with The MINH under the CLUB Edition while The Connaught One under the RISE Series.”
“We are also targeting to launch our latest development in Kiara Bay in Kepong, allowing those who missed out on Residensi AVA to own a residence near the majestic Kepong Metropolitan Park. Named Residensi ZIG, this upcoming development is slated as our third Happy+ product this year and has a biophilic design concept. The three-tower development will feature 1,126 residential units with sizes ranging between 42m2 to 140m2 (450 to 1,508 ft2). With an estimated GDV of RM646 million, this will be our second RISE series product this year after The Connaught One.”
“In the Southern region, we announced early this month that Phase 2A of our freehold neighbourhood of Senadi Hills has registered strong demand among the public, with its 44 non-Bumiputera units all fully sold shortly after its launch on 18 June, and its Bumiputera lots all fully registered, further reiterating the public’s continuing confidence in the Company.”
Meanwhile, the Company will continue to launch new phases of its existing developments, mainly double-storey landed homes in Serene Heights, Semenyih as well as further phases in Senadi Hills and Gerbang Nusajaya, both in Iskandar Puteri.
On 16 June 2023, the Company launched a successful, nationwide integrated marketing initiative called the Happy Hunt campaign, which encapsulates a range of participating, new and ongoing developments situated in the central region such as The MINH, Allevia, KAIA Heights, Serene Square, and The Connaught One, and in the Southern region such as Senadi Hills Phase 2A, Aspira Gardens Phase 2 and Aspira Square.
The goal of the campaign is to provide more opportunities for the public to earn and win attractive rewards upon purchasing their preferred properties. Prospective homebuyers are offered cash rewards and prizes worth up to RM350,000, on top of other incentives and other cash rewards, prizes in the form of home appliances up to RM150,000 when they purchase a UEM Sunrise property until 31 December 2023.
Positive movements, strengthening presence in Australia
Apart from its steady sales and string of launches in the first half of 2023, the Company has also shown positive, notable movements, with the introduction of new faces in its boardroom and management and active expansion plans in Australia, amid overall signs of improvement in the macroeconomic climate.
In a bid to make a further mark in Australia, in June, the Company partnered up with global leader in the investment, development and management of rental housing, Greystar Real Estate Partners, LLC, to develop the first ‘Build-to-Rent’ (BTR) project in the inner-Melbourne suburb of Collingwood with a value transaction of approximately AUD$277.3 million. This is the first BTR project carried out by a Malaysian developer in a bid to strengthen the group’s presence there.
The proposed development is expected to include approximately 400 apartment units across two buildings, with a mix of studios and one-, two- and three-bedroom apartments suitable for multi-generational living.
Further expanding its foothold in Australia, the Company acquired its first residential development site in Subiaco East in Perth, Western Australia on 15 August 2023, for AUD$22.185 million and will deliver two landmark apartment buildings.
The Company has purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA as part of the state’s most significant urban redevelopment project at the iconic former Subiaco Oval. Subiaco is a verdant suburb known for its eclectic architecture, quaint, leafy residential streets, premier shopping, and multicultural dining scene.
The upcoming mixed-use residential precinct will comprise the delivery of sleek dual towers with approximately 430 apartments across Lots 1 and 2, subject to development approval, with further details to be firmed up. The project will include up to 12% affordable housing as well. Construction is expected to commence in 2026. The acquisition in Perth signifies the Company’s plans to expand its presence in Australia.
Meanwhile, the Company continues to pursue its sustainability agenda as guided by the UEM Sunrise Sustainability Blueprint 1.0 and will be producing its own Sustainable Development Design Guidelines to act as a reference for stakeholders to comply with when integrating sustainability elements into its design procedures. It remains committed to the sustainability agenda and will engage and collaborate with relevant stakeholders to raise awareness and adopt sustainability practices.
In earlier Bursa fillings, the Company has announced new appointments of Datuk Hisham Hamdan as Chairman and Reagan Chan as Director, effective 1 July 2023. Subsequently, the Company has also named Hafizuddin Sulaiman as the new CFO, effective 1 August 2023.
The Company aims to remain financially sound given its gross and net gearing of 0.68x and 0.46x, respectively, and cash balances of RM1.5 billion as of 30 June 2023. Unbilled sales of RM2.7 billion as of 30 June 2023 will be substantially recognised over the next 18 to 48 months.
An artist’s impression of The Connaught One
An artist’s impression of one of The MINH’s many luxurious amenities.
CENERGI, A NEW SUBSIDIARY OF UEM GROUP
KUALA LUMPUR, 16 August 2023 – Sustainable energy solutions company, Cenergi SEA Berhad (Cenergi) is now a subsidiary of UEM Group Berhad (UEM Group) with the latter having secured majority shares in Cenergi from Khazanah Nasional Berhad (Khazanah).
Incorporated in 2008, Cenergi specialises in reducing carbon footprint through investment in renewable energy specifically biogas, biomass and solar as well as energy efficiency projects. Cenergi is Malaysia's largest grid-connected Palm Oil Mill Effluent (POME) biogas player. It has a portfolio of 23 biogas power plants in Malaysia and Indonesia, with a total generation capacity of 39.6 megawatt (MW). It also has 20 solar projects across Malaysia, consisting of both solar farms and rooftop solar, with a cumulative capacity of over 37.6 megawatt peak (MWp).
At present, Cenergi has in the pipeline biogas, rooftop solar and solar farm projects that are under construction and development in Malaysia. In addition, its subsidiary, Cenergi EE Holdings Sdn. Bhd. was recently allotted with a 29.99MWac quota under Energy Commission’s Corporate Green Power Programme (CGPP).
“Cenergi has a commendable track record with projects and presence across the country. We see immense potential in this company and are committed to nurture as well as provide the necessary expertise, operational and financial support that will enhance Cenergi’s operational capabilities, secure more projects and usher in a new era of growth. Cenergi is a key asset of UEM Group and our goal is to ultimately position Cenergi as a green domestic champion to contribute significantly to Malaysia’s sustainable future,” said Dato’ Mohd Izani Ghani, Managing Director of UEM Group.
From August 2012 to May 2023, Cenergi via its various operating assets and investments have avoided over 2.4 million tons of carbon emissions, which translate into removing approximately 547,762 passenger vehicles from the road or powering 310,234 homes for a year.
“Renewable energy is one of the key sectors and immediate priority of UEM Lestra Berhad (UEM Lestra), the green industries arm and wholly-owned subsidiary of UEM Group. This is due to the sector’s strong market attractiveness and high importance to Malaysia’s decarbonisation agenda. Cenergi’s extensive experience and capabilities in this sector makes them a valuable addition to UEM Group and UEM Lestra specifically.
“At the same time, Cenergi’s inclusion in UEM Group of Companies will further promote strategic complementarity amongst our subsidiaries across different core businesses. By leveraging on the expertise and strengths of each of our subsidiary, we will be able to create synergistic business opportunities for UEM Group as whole,” added Dato’ Mohd Izani.
UEM SUNRISE ACQUIRES LAND IN SUBIACO EAST IN PERTH, AUSTRALIA, PLANS TO DELIVER TWO LANDMARK APARTMENT BUILDINGS
KUALA LUMPUR, 15 August 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has acquired its first residential development site in Subiaco East in Perth, Western Australia for AUD$22.185 million and will deliver two landmark apartment buildings.
The Company has purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA as part of the state’s most significant urban redevelopment projects at the iconic former Subiaco Oval. Subiaco is a verdant suburb known for its eclectic architecture, quaint, leafy residential streets, premier shopping, and multicultural dining scene.
The upcoming mixed-use residential precinct will comprise the delivery of sleek dual towers with approximately 430 apartments across Lot 1 and Lot 2, subject to development approval with further details to be firmed up. The project will include up to 12% affordable housing as well. Construction is expected to commence in 2026. The acquisition in Perth signifies the Company’s plans to expand its presence in Australia.
UEM Sunrise Chief Executive Officer Sufian Abdullah said: “We are delighted to work with DevelopmentWA on this landmark project as our first venture in Western Australia’s residential market.” He added: “Following the success of our projects in Melbourne, we are pleased to be able to bring our local and global expertise to deliver a high-quality residential precinct that will complement Subiaco Oval’s rich heritage and landscape.”
Sufian revealed: “We have been actively looking at investing in Perth for some time – with strong fundamentals underpinning the economy, a lower housing entry point compared to other capital cities, and some of the best prospects for capital gains in Australia – this development represents a fantastic opportunity to deliver new housing supply at scale and generate greater investment for the city. We look forward to working with DevelopmentWA, local stakeholders and the community on next steps for this exciting project.”
The 4,930m2 site is located just 2km from Perth's thriving CBD on Subiaco Road and Haydn Bunton Drive. Within walking distance of the Subiaco entertainment precinct and West Leederville neighbourhood, it is surrounded by approximately seven hectares of public open space. The Subiaco Train Station and West Leederville Train Station are only a short eight-minute walk away, offering easy connectivity to the CBD, airport and surrounding suburbs.
DevelopmentWA Acting Chief Executive Officer, Dean Mudford, said this is a major milestone for one of WA’s most significant redevelopment projects, which will deliver much-needed new housing supply and support the revitalisation of the Subiaco town centre and West Leederville activity centre.
“Having delivered over 1,650 apartments in Melbourne, UEM Sunrise has demonstrated its commitment to delivering diverse, quality homes in Australia. The design concepts presented for Lots 1 and 2 at The Oval incorporate elements that celebrate the rich history of Subiaco and will complement the public realm around the iconic Subiaco Oval.
“We are delighted that UEM Sunrise has successfully secured this opportunity and look forward to working with them on bringing this project to life,” he said.
The proposed development marks UEM Sunrise’s fourth milestone in their expansion in the Australian market after the completion of their projects - Aurora Melbourne Central, the tallest integrated mega tower in the central business district of the city, blending stunning residential apartments and lavish residents-only amenities with a destination serviced apartment, strata office suites and unique retail offerings; and Conservatory, a mixed development with verdant city living, both located in Melbourne, Australia.
In June 2023, the Company partnered with Greystar Real Estate Partners to develop the first "build-to-rent" (BTR) project in the inner-Melbourne suburb of Collingwood, and by a Malaysian developer in Australia. The transaction value was approximately AUD$277.3 million. The proposed development will include approximately 400 apartment units across two buildings and will feature extensive amenities and services for residents.
(From left to right) Acting Chief Executive Officer of DevelopmentWA Dean Mudford, Minister for Planning; Lands; Housing; Homelessness of Western Australia Hon. John Carey, and Chief Executive Officer of UEM Sunrise Sufian Abdullah posed for a group photo after signing for UEM Sunrise to acquire Lots 1 and 2, Subiaco East in Perth, Western Australia.
(From left to right) Chief Executive Officer of UEM Sunrise Sufian Abdullah and Acting Chief Executive Officer of DevelopmentWA Dean Mudford.
(From left to right) Director of International Business, Australia of UEM Sunrise Ong Chee Wei; Chief Executive Officer of UEM Sunrise Sufian Abdullah; Acting Chief Executive Officer of DevelopmentWA Dean Mudford; and Deputy Chairperson of DevelopmentWA Board Rebecca Field.
An artist's impression of The Oval Vie
A second artist’s impression of The Oval View
UEM SUNRISE’S PHASE 2A OF AWARD-WINNING SENADI HILLS REGISTERS STRONG TAKEUP RATES
ISKANDAR PUTERI, 3 August 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) announced that Phase 2A of the award-winning freehold neighbourhood of Senadi Hills has registered strong demand among the public, with its 44 non-Bumiputera units all fully sold shortly after its launch on 18 June, and its Bumiputera lots all fully registered, further reiterating the public’s continuing confidence in the Company.
Senadi Hills Phase 2A consists of 75 double-storey terrace homes with a typical lot size of 6m x 21m (22’ x 70’) and a built-up size of 204m² (2,197ft²). These sizes come with four bedrooms and four bathrooms for added convenience and privacy for each family member, a foyer upstairs that can become a social area for families to bond and a spacious car porch for two cars. Senadi Hills’ doorways are also wide enough to be wheelchair-friendly and come with a ramp, demonstrating that the units are inclusive to suit the different multi-generational needs.
With these features in mind, Senadi Hills 2A’s price starts from RM843,000 onwards and is targeted to complete at the end of Q2 2025.
In addition to being an exclusively guarded mixed development community, Senadi Hills offers beautifully crafted garden homes suitable for multi-generational families, complete with a 53-unit neighbourhood commercial square called Senadi Square. Combined with 398 freehold link residential units in the neighbourhood, the overall township is 25.2 hectares (62.18 acres).
“Phases 1A and 1B of Senadi Hills had overwhelming demand, having been 100% sold out soon after its initial launch in June and November 2020, respectively. Listening intently to our customers on what they want to see in a home and delivering on these, we are excited to announce that the non-Bumiputera lots within this multi-generational landed product are 100% sold out, with the Bumiputera lots fully registered. We have also seen that Senadi Hills Phase 2A has a good mix of purchasers, most of whom are locals from the nearby catchment areas and are 87% owner-occupiers versus 13% who bought the residence as investments.
These figures are a testament to our developments, especially within our NEST Series, placing family first. Our recently launched residence is poised to contribute to our overarching goal of achieving our sales target of RM1.5 billion for the year,” said UEM Sunrise Chief Marketing Officer Kenny Wong.
Senadi Hills is dotted with family-friendly facilities, including wheelchair-friendly and fresh green spaces for residents of all ages, a 2.5km jogging track, a children’s playground, an outdoor gym, a mini tai chi area and a plaza. Such facilities are designed to provide tranquillity and recreation for residents and their families to unwind after the daily grind.
Located in the international city of Iskandar Puteri and just a stone’s throw from the island city of Singapore, Senadi Hills is easily accessible from the Lebuh Kota Iskandar and Jalan Ismail Sultan (Iskandar Coastal Highway). The residence is also within proximity to other mature townships, including Bukit Indah, Horizon Hills and Nusa Bestari.
The freehold residential development also boasts easy access to expressways and is close to an array of shopping centres, healthcare facilities, educational institutions and leisure amenities, with most merely within a 10km radius, offering convenient access for its residents.
Because of its location, Senadi Hills also secured the ‘Best Connectivity Landed Development’ title during the PropertyGuru Asia Awards Malaysia 2022, a testament to the multi-generational residence’s attractive location to various amenities and neighbourhoods.
Senadi Hills’ Phase 1A and 1B have been entirely sold since their launches back in 2020 and have commenced their Vacant Possessions in October 2022 and January 2023, respectively.
Visit the UEM Sunrise Property Showcase in Imperia, Puteri Harbour or the Company’s website at uemsunrise.com to learn more about Senadi Hills. The public may also send a WhatsApp message to the Company’s friendly property consultants at +6019 758 3700 for more information.
UEM EDGENTA ADVANCING TO A TECHNOLOGY-ENABLED, SUSTAINABILITY-FOCUSED GLOBAL SMART & SUSTAINABLE CITY ORCHESTRATOR
KUALA LUMPUR, 31 July – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region's leading Asset Management & Infrastructure Solutions company, recently concluded its annual month-long celebration – "Innovation Month" under the theme "Driving Technology, Advancing Sustainability". This event highlights UEM Edgenta's remarkable transition into a technology-enabled, sustainability-focused smart and sustainable city solutions provider.
Throughout the Innovation Month, UEM Edgenta hosted a series of engaging sessions and interactive product demonstrations that captivated participants, empowering them to contribute actively to the transformation journey. As a catalyst for positive change, the programme emphasises on driving technology, advancing sustainability, creating job opportunities, and staying ahead of the curve through upskilling initiatives.
The month-long programme culminated in a remarkable Innovation Showcase Day. The event saw participation from industry experts, technology enthusiasts and passionate young students from Universiti Malaya (UM), Universiti Teknologi Malaysia (UTM), University Kuala Lumpur (UniKL), International Islamic University Malaysia (IIUM) and Monash University, who immersed themselves in the Company’s proprietary technology and sustainability solutions; including Road Asset Management System, UETrack™ digital solutions and Asseto, a Software as a Service (“SaaS”) asset management platform incorporating IOT and ESG analytics. An audience of investors had the opportunity to witness the fruition of the earnest efforts put forth in executing the ambitious "Edgenta of the Future" ("EoTF 2025") growth strategy; aimed at achieving dual objectives of enhancing resilience and accelerating growth through the integration of technology and sustainability solutions in its service delivery to clients across six (6) geographical locations.
Technology enablement has been the driving force towards realising EoTF 2025 vision. Leading the innovation charge is Edgenta NXT, the in-house digital platform, that is building a tech ecosystem that transition the Company from managing individual assets to driving value, efficiency and connectivity across entire townships and cities as a smart city enabler.
Syahrunizam Samsudin, the Managing Director and Chief Executive Officer of UEM Edgenta, expressed his excitement and pride in the success of the event. "Our ongoing pursuit of innovation is a testament to UEM Edgenta's commitment to fostering a culture of excellence and progress. The exchange of groundbreaking ideas has further energised us to drive continuous improvement and make a positive impact on our employees, the community, and the environment".
“We believe that our innovation in delivering smart and sustainability solutions, including Green Building certifications, zero upfront capex Energy Performance Contracts and ESG data analytics platform are aligned with the National Energy Transition Roadmap vision in promoting energy efficiency and renewable energy for a low-carbon ecosystem. As part of UEM Group, we are supporting its foray into developing the country’s green industries and contributing to its green investment platform by relentlessly enriching our sustainability-driven suite of solutions,” he highlighted.
UEM Edgenta continues to embark on this remarkable journey of innovation, propelling growth while delivering technology and sustainability-enabled impact to all stakeholders.
UEM SUNRISE NAMES HAFIZUDDIN SULAIMAN AS NEW CFO
KUALA LUMPUR, 28 July 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has announced the appointment of Hafizuddin Sulaiman as the new Chief Financial Officer (CFO) in a Bursa Malaysia filing, effective 1 August 2023.
With Hafizuddin to succeed his new role, acting Principal of Finance Officer Azmy Mahbot will resume his role as Head, Controller of the group on the same date onwards.
Prior to his appointment, Hafizuddin, 48, was Group Head of Strategy for QSR Brands (M) Holdings Bhd. He has held several senior management roles including stints as Chief Treasury Officer at Berjaya Corp Bhd, and as Head of Treasury at Permodalan Nasional Bhd.
Specialising in business planning, venture capital, equities, capital markets and mergers & acquisitions (M&A) for more than 22 years, Hafizuddin was notably Director of Finance at Khazanah Nasional Bhd from May 2005 to October 2019.
A bachelor’s degree holder in accounting from Universiti Teknologi MARA, Hafizuddin is also a chartered accountant of the Malaysian Institute of Accountants, having practiced at Ernst and Young for over five years.
UEM GROUP AND ITRAMAS TO DEVELOP 1 GW HYBRID SOLAR PHOTOVOLTAIC POWER PLANT INTEGRATED WITH A RENEWABLE ENERGY INDUSTRIAL PARK IN MALAYSIA
KUALA LUMPUR, 27 July 2023 – UEM Group Berhad (UEM Group), the wholly-owned subsidiary of Khazanah Nasional Berhad (Khazanah), has inked Memorandums of Understanding (MoUs) with local and foreign investors to develop a one (1) gigawatt (GW) Hybrid Solar Photovoltaic (PV) Power Plant integrated with a Renewable Energy (RE) Industrial Park in Malaysia (the Project).
The Project is in line with the strategic and high-value national flagship energy transition projects under the National Energy Transition Roadmap (NETR), which was launched by the Minister of Economy today for which Khazanah has been named as the champion for Renewable Energy Zone (REZ) in Malaysia.
The Project will be developed by UEM Group in collaboration with local investor, ITRAMAS Corporation Sdn. Bhd. (ITRAMAS), currently the largest vertically integrated solar plant developer, EPCC (Engineering, Procurement, Construction, and Commissioning) and service provider in Malaysia. The collaboration will see both parties leveraging complementary expertise, resources and networks, to achieve synergies that will ensure greater success for the Project.
The Project has also attracted renowned foreign strategic investors which include the likes of Blueleaf Energy and ITRAMAS’s existing partners, China Machinery Engineering Wuxi Co. Ltd. (CMECWUXI) and HEXA Renewables. The Project investors are in discussion with UEM Group to consider participating through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity). ITRAMAS alongside CMECWUXI also intend to be the anchor tenants and initial green electricity offtakers within the RE Industrial Park.
The RE Industrial Park aims to attract foreign manufacturers and suppliers across the RE and Electric Vehicle (EV) value chains as well as other high-tech companies to set up operations and Research and Development facilities in the park, which in turn could drive the growth of the overall energy transition and EV ecosystems in Malaysia.
A brief introduction of the three foreign investors:
(1) Blueleaf Energy – a standalone portfolio company of Macquarie Asset Management’s Green Investment Group, is a leading green infrastructure-focused platform that develops, finances, owns and operates renewable energy, storage assets and decarbonisation solutions to accelerate the energy transition towards net zero. Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone.
(2) CMECWUXI – a state-owned enterprise and subsidiary of China Machinery Engineering Co. Ltd., with presence in more than 100 countries, and businesses covering solar photovoltaic power generation as well as other renewable energy sources, large-scale machinery manufacturing, precision equipment, environmental protection, building materials, lighting, medical supplies, supply chain services and other industries; and
(3) HEXA Renewables (HEXA) – a leading developer of solar and wind projects with offices and teams on the ground in Singapore, Malaysia, Taiwan, South Korea, Japan, Philippines, and India. It is a wholly-owned subsidiary of I Squared Capital, a global infrastructure fund with approximately USD37 billion of assets under management. HEXA plans to partner with Development Finance Corporation (DFC), the U.S. government's development finance institution, to finance this Project in Malaysia, an Indo-Pacific Economic Framework for Prosperity (IPEF) founding member.
Signing the MOU for UEM Group was its Managing Director, Dato’ Mohd Izani Ghani. The other signatories are – Lee Choo Boo, Managing Director of ITRAMAS; Raghuram Natarajan, CEO of Blueleaf Energy; Kathy Hsu, Chairman of the Board and General Manager of CMECWUXI; and Vince Choi, CEO of HEXA Renewables.
Present to witness the signing was YB Mohd Rafizi Ramli, Minister of Economy; YB Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change; Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah; Tunku Hammam Tunku Sulong, Executive Director of ITRAMAS; Nik Hadi Nik Mahmood, Country Head of Macquarie Group, Malaysia; Rong Wei, Deputy General Manager of CMECWUXI; and Harsh Agrawal, Senior Partner of I Squared Capital.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said, “Khazanah fully supports the NETR, a catalyst for the achievement of Malaysia’s aspiration in becoming a regional leader in the fields of energy transition and renewable energy. This Project is a step in the right direction and demonstrates UEM Group’s commitment to sustainable green initiatives moving forward.”
Dato’ Mohd Izani, Managing Director of UEM Group said, “This Project is in line with the strategic and high-value national flagship energy transition projects under NETR, launched by the Minister of Economy. We’re pleased to have on our side our local investor, ITRAMAS as well as established and globally renowned companies to develop and invest in our first 1 GW hybrid solar photovoltaic power plant integrated with RE industrial park. ITRAMAS, Blueleaf Energy, CMECWUXI, and HEXA Renewables are investors that are not only committed to invest and develop Malaysia’s renewable energy assets but have also pledged to upskill local contractors in the RE industry, provide job creation and undertake knowledge transfer, all of which fits into UEM Group’s aim of creating high quality employment opportunities for Malaysians.”
“ITRAMAS is fully committed, together with Khazanah and UEM Group, to ensure the resounding success of this flagship energy transition project under the RE Zone and the National Energy Transition Roadmap. We are delighted with the strong support and commitment of our long-term partners in the international market, I Squared Capital and CMECWUXI, to invest in this project and in Malaysia. Together with Khazanah, UEM Group, HEXA Renewables, Blueleaf Energy and CMECWUXI, we will provide a strategic catalyst to propel our nation to be a regional leader in energy transition and renewable energy value chain.” said Mr Lee Choo Boo, Managing Director of ITRAMAS."
Blueleaf Energy is pleased to be part of the MoU today with our esteemed partners and contribute our technology, financing and commercialization expertise to realize the investment, development, construction and operation of reliable, long-term and commercially viable renewable hybrid energy solutions for the national significance RE industrial zone initiative in the country under the NETR framework. Investing in Malaysia's renewable energy projects is strongly supported by government’s sustainability vision and a growing demand for green energy solutions. The realization of this project with strong public and private sector support will be an important step towards achieving Malaysia’s climate commitment of 40 percent RE in the power mix by 2035, thereby creating a positive social and environmental impact and securing long-term benefits for the country.”
“The world is multilateral, but it is the responsibility and mission of every entrepreneur in the world to promote the development of economy between countries and benefit the happiness index of the people of the two countries. The world advocates a low-carbon lifestyle and realizes zero-emission manufacturing as soon as possible. As a member of "CMEC New Energy", we, CMECWUXI, take it as our corporate mission and responsibility, and work hard with UEM Group/ITRAMAS for the development of new energy in Malaysia, China, and even the world!” Kathy Hsu, Chairman of the Board and General Manager of CMECWUXI.“
I Squared Capital and our wholly owned renewable energy platform, HEXA Renewables Malaysia, are proud to participate in this landmark project,” said Harsh Agrawal, Senior Partner at I Squared Capital. “Having invested in nearly 5.8 gigawatts of renewable assets around the world, we are excited to bring our expertise in green power generation to help catalyze the energy transition in Malaysia, an IPEF founding member.”
UEM EDGENTA PARTNERS WITH ZOO NEGARA TO PRESERVE WILDLIFE BY SPONSORING 100-YEAR-OLD GIANT TORTOISES AND A 5-YEAR-OLD GIRAFFE
KUALA LUMPUR, 11 July – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company, continues its unwavering commitment to a sustainable future for all through its Corporate Responsibility (“CSR”) initiatives at Zoo Negara (“Zoo”). Under their visionary programme “Saving Animals, Serving Community”, UEM Edgenta has taken a significant step towards animal welfare by sponsoring a pair of more than 100-year-old Aldabra Giant Tortoises, affectionately named Do and Re, as well as renewing the adoption of a 5-year-old giraffe, Mas Kira. This extension of support reflects the Company's dedication to conservation efforts and the preservation of wildlife.
Aldabra Giant Tortoises, which originated in the Seychelles, have a lifespan of 80 to 200 years, making them truly remarkable creatures. Giraffes, the majestic giants of the animal kingdom, are native to Africa. The sponsorship from UEM Edgenta will safeguard the well-being of these Aldabra Giant Tortoises and giraffe for the next 12 months, including their welfare, provision of food supply, and veterinary care. This initiative aligns seamlessly with the Company's Environmental, Social, and Governance (“ESG”) efforts. Furthermore, supporting animal welfare is increasingly recognized as a key contribution to the United Nations Sustainable Development Goals (“SDGs”).
"We are delighted to collaborate with Zoo Negara on these initiatives. Through our collective efforts, we strive to promote environmental conservation, education, and community development. UEM Edgenta remains committed to making a positive impact and inspiring future generations " expressed Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, while discussing the “Saving Animals, Serving Community” programme.
"At UEM Edgenta, we firmly believe that prioritizing ESG levers, targets, and commitments in our efforts towards sustainability is not just essential for preserving wildlife, but also for maintaining the harmony of our ecosystem and securing a prosperous future for generations to come. We are constantly exploring innovative initiatives to nurture and protect our valuable wildlife, showcasing our unwavering dedication to nature conservation. I wholeheartedly applaud the exceptional efforts of the teams at Zoo Negara in ensuring the well-being of these remarkable creatures. We sincerely hope that more organizations and individuals will join us in supporting Zoo Negara’s admirable mission of providing utmost care for these precious animals," he added.
UEM Edgenta received the animal adoption certificate from Rosly@Rahmat Ahmat Lana, the Deputy President of the Malaysian Zoological Society, further affirming UEM Edgenta's commitment to wildlife conservation and protection.
To enhance the zoo's surroundings and provide a pleasant environment for visitors and inhabitants alike, UEM Edgenta mobilized a team of volunteers comprising 60 participants from UiTM Shah Alam students and Edgenta employees. These dedicated individuals contributed to gardening and landscaping works, transforming the Zoo's landscapes into vibrant and captivating spaces. Additionally, UEM Edgenta is sponsoring a visit to Zoo Negara for 20 deserving primary school children from SK Jenderam, Dengkil. This educational opportunity aims to expose these young minds to the wonders of the animal kingdom and engage them in outdoor learning activities. The children will enjoy a comprehensive tour of the zoo, culminating in a thrilling Multi-Animal Show featuring the mesmerizing talents of sea lions and macaws.
UEM Edgenta's remarkable efforts in supporting environmental conservation and animal welfare are a testament to their unwavering dedication to creating a harmonious and sustainable future for both humanity and animals. The Company encourages others to follow in their footsteps, nurturing a collective consciousness towards the preservation of our planet's ecosystems and its diverse inhabitants.
UEM SUNRISE'S THE MINH MONT'KIARA AND THE CONNAUGHT ONE RECOGNISED IN ASIA PACIFIC, BAGGING FIVE AWARDS DURING THE ASIA PACIFIC PROPERTY AWARDS (APPA)
KUALA LUMPUR, July 6 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company) has taken home multiple accolades for the Company’s latest offerings, The MINH Mont'Kiara and The Connaught One, at the esteemed Asia Pacific Property Awards 2023-2024 (APPA) held in Bangkok last month, putting them in the global spotlight.
Up against various property developers around the Asia Pacific region, UEM Sunrise's The MINH Mont'Kiara has won two five-star awards for the Best Landscape Architecture and Best Residential High Rise Architecture, as well as being the winner for the Residential High-Rise Development under the Malaysian category.
Meanwhile, The Connaught One in Cheras, UEM Sunrise's first transit-oriented development (TOD), has bagged two five-star awards under the Malaysian category for the Best Apartment/Condominium Development and Best Commercial High Rise Architecture.
It was also nominated for the Best Commercial High Rise Architecture in the Asia Pacific category, earning the residence an award presentation in London.
UEM Sunrise Chief Development Officer Mardiana Rahayu Tukiran, who was present at the APPA Gala Dinner and Awards Presentations in Bangkok last month, said: "We are incredibly proud that both our latest developments, The MINH Mont’Kiara and The Connaught One, brought home more prestigious awards as well as, this time, being recognised in the Asia Pacific for their designs and offerings.”
“The respective teams worked hard to ensure that we design homes that are not only value-driven and future-proof but also accompanied by exceptional design concepts and practicalities to cater to our homebuyers' varying lifestyles. Us bringing home these honours is a testament to that.”
She added that APPA’s panel of judges consists of professionals of diverse backgrounds and expertise from all over the world, as well as their selection process and criteria that emphasise the developments’ unique and innovative designs, location, surrounding points of interest and target market, to name a few further strengthen the Company’s standing of being one of the renowned property developers in Malaysia.
The Asia Pacific Property Awards 2023-2024 was organised by the International Property Awards, one of the leading award programmes that cover many aspects of the property industry, including identifying the highest levels of achievement in real estate, development, architecture, interior design, sustainability, marketing and many more in both the residential and commercial sectors across several regions, including Africa, Asia Pacific, Canada, the Caribbean, Central and South America, Europe, United Kingdom, and the United States of America.
The MINH Mont'Kiara, short for “Mont’Kiara Inspired-Nature Homes”, was launched officially recently on May 26. Inspired by the Indochine design expression, the 496-unit luxury residence comprises 42 storeys with only six units per floor, each adopting a spacious open-plan layout to cater to each resident's current and future lifestyle needs. The development is also located in the serene and quiet neighbourhood along Jalan Kiara 7 in Mont’Kiara and on an elevated freehold site adjacent to Bukit Kiara Hill. The residence is on track for completion in 2027.
The Connaught One, UEM Sunrise’s first transit-oriented development, is located in Cheras and close to the Taman Connaught MRT Station, with access to public transportation while offering various built-up homes for all market segments. Consisting of two towers, each 53 storeys high, it has 1,334 units from 9 to 16 units per floor, with various flexible and adaptable layouts to fit the residents’ current lifestyle. The residence is also targeted to complete in 2027.
UEM Sunrise has recently attended the Starproperty Developers Awards 2023 in May, where The MINH Mont'Kiara took home four awards, including The Family-friendly Award, The Outstanding Award, The Pinnacle Award and The Skyline Award.
(From left to right) The International Property Awards President Stuart Shield; UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit; Chief Development Officer Mardiana Rahayu Tukiran; Chief Marketing Officer Kenny Wong and APPA Speaker Priyanka Tanwar posed for a group photo during the APPA Gala Dinner and Awards Presentations.
UEM GROUP UNVEILS FORAY INTO GREEN INDUSTRIES, PLANS TO ESTABLISH RM7 BILLION SUSTAINABLE SUKUK PROGRAMME
UALA LUMPUR, 3 July 2023 – UEM Group Berhad (UEM Group, the Company), a wholly-owned subsidiary and the green investment platform of Khazanah Nasional Berhad (Khazanah), will be taking a proactive approach to further develop green industry in the country with an aim of creating green domestic champions, driving Malaysia’s decarbonisation agenda, and create high quality employment opportunities for Malaysians.
Led by its newly formed and wholly-owned subsidiary, UEM Lestra Berhad (UEM Lestra), UEM Group’s plans for the next five years (2023 to 2027) is to strengthen and organically grow the green assets and operations of its other subsidiaries, nurture local and capable green players and form strategic partnerships including joint ventures to undertake projects in these four (4) sectors:
- Renewables and storage infrastructure such as solar farms, mini hydro plants and biogas;
- Integrated energy solutions – green building services, end-to-end energy services such as distributed energy generation technologies and energy efficiency related services;
- Green or electric mobility including electric vehicle charging infrastructure maintenance and services; and
- Waste management and recycling including waste treatment and disposal.
“We are long known as Malaysia’s nation building partner and we will now play the same role but with greater focus on tackling climate change by supporting and developing the country’s green industries from renewable energy (RE), waste management to green infrastructure and transportation,” said Dato’ Mohd Izani Ghani, Managing Director of UEM Group.
UEM Group plans to strengthen the domestic economic ecosystem and build a competitive green business with a direct and active ownership approach, and ultimately achieve commercial returns. It has identified several capable local and international green energy players with commendable track record and presence across the country that are seeking the involvement of a strategic investor to expand their operations.
In addition, the Company is currently in talks with several foreign investors who are keen to invest in the development of RE in Malaysia, details of which will be announced before the end of this year (2023).
“We intend to lead the country’s decarbonisation agenda and this includes supporting the Government’s efforts to transition towards sustainable energy solutions and to be a carbon-neutral nation, achieving a 70% RE capacity in the country’s electricity supply by 2050.
“We will also be working towards enhancing the domestic green capabilities over the long term and increasing the country’s competitiveness by upskilling and developing local workforce talent. Our aim is twofold – to create more jobs and offer high-quality employment opportunities,” said Dato’ Mohd Izani.
He added that to finance the Company’s foray into green industries, UEM Group will be tapping into the Islamic bond market and is currently putting in place a RM7 billion Sustainable and Responsible Investment (SRI) sukuk programme from which the proceeds will be used to finance investments to be undertaken by UEM Lestra.
Established in 1966 and responsible for many of Malaysia’s key infrastructure projects, UEM Group’s other core businesses for which it owns majority stakes includes Expressways (PLUS Malaysia Berhad), Township & Property Development (UEM Sunrise Berhad), Engineering & Construction (UEM Builders Berhad and Cement Industries of Malaysia Berhad or CIMA) as well as Asset & Facility Management (UEM Edgenta Berhad).
UEM SUNRISE UNVEILS THE CONNAUGHT ONE AT GRAND WEEKEND LAUNCH, RECEIVES FAVOURABLE RESPONSE
KUALA LUMPUR, June 30 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has unveiled their latest development, The Connaught One in Cheras during its grand official launch on Saturday, June 24.
The official launch, which took place at Forest Valley Hall in Bandar Mahkota Cheras, witnessed an overwhelming response of more than 800 attendees, among whom were from the Company’s customer loyalty programme, Trésor particularly from Residensi AVA and Klang Valley as well as the Cheras community and general public.
UEM Sunrise Chief Marketing Officer Kenny Wong said during the event: “The Connaught One is our first transit-oriented development (TOD), and the first residence in our RISE Series under our recently launched Happy+ product series. It reflects our efforts to categorise our future residential products into segments based on our homebuyers’ lifestyle and life stage needs.”
He also shared: “The overwhelming response during The Connaught One’s grand launch serves as yet another testament of the public’s confidence in UEM Sunrise’s value-driven and future-proof products, and we truly appreciate continued their support and trust in us.”
The event, hosted by the delightful Nadia Heng, featured a lucky draw, a photobooth mimicking an MRT train cabin along with street food to pay tribute to its location near a prominent night market and close proximity to the Taman Connaught MRT Station.
To date, The Connaught One has recorded an impressive take-up rate of 85% for Tower A. Sprawled on a 1.4-hectare tract in Cheras, the freehold development has a gross development value (GDV) of RM747 million.
Targeted for first-time homebuyers, professionals as well as multi-generational families, The Connaught One will offer two 53-storey towers, Tower A and B that will comprise 1,334 service apartment units and 15 retail lots.
Located just right next to the Taman Connaught MRT station and the Cheras Sentral Mall, the development will feature five different layouts of residential units with built ups ranging from 42 m² (452 ft²) to 118 m² (1,270 ft²), and retail lots will have sizes ranging from 70m² (763 ft²) to 133 m² (1,440 ft²).
Prices of the residential units start from RM290,000* onwards and the development is due to be completed in 4Q2027.
The Connaught One will come with a wide range of facilities including a jogging track, bicycle lane, multi-generational playground, jacuzzi, lap and wading pools as well as reading areas among others. The common area will also be partially powered by solar panels and common electric vehicle (EV) chargers.
Nearby amenities will include the Pantai Hospital Cheras, USCI University and one of Kuala Lumpur’s longest night markets known as the Taman Connaught night market. The development is also connected to highways such as Cheras-Kajang Expressway (CKE), the Sungai Besi-Ulu Kelang Expressway (SUKE), and Middle Ring Road 2 (MRR2) as well as Jalan Cheras.
UEM Sunrise’s first transit-oriented development (TOD), The Connaught One’s grand launch, which took place at Forest Valley Hall in Bandar Mahkota Cheras on June 24, witnessed an overwhelming response of more than 800 attendees.
UEM Sunrise Chief Marketing Officer Kenny Wong gave his opening remarks to the attendees. He said The Connaught One is their first TOD and the first residence in their RISE Series under their Happy+ product series as part of the Company’s efforts to categorise future residential products into segments based on their homebuyers’ lifestyle and life stage needs.
The Connaught One grand launch featured various street food to pay tribute to its location near a prominent night market, among other activities.
A scale model of The Connaught One. Being close to the Taman Connaught MRT Station, UEM Sunrise’s TOD grants residents the convenience and flexibility of accessing public transportation while offering various built-up homes for all market segments.
The public viewing the scale model of The Connaught One. Targeted at first-time homebuyers, professionals, and multi-generational families, The Connaught One will offer two 53-storey towers, Tower A and B, comprising 1,334 service apartment units and 15 retail lots.
PLUS UNVEILS ITS NET ZERO COMMITMENT
In conjunction with World Environment Day, PLUS Malaysia Berhad (PLUS), Malaysia's leading highway operator, takes a significant step towards advancing sustainability, through committing to a 2050 Net Zero Goal, aligned with national aspirations. This includes an interim-term target to reduce its greenhouse gas (GHG) emissions within its operations by 35% by 2030 against a 2017 baseline.
This follows PLUS’ recent achievement of reducing 25% of its energy consumption through the implementation of energy efficient measures, such as retrofitting of LED lights and harnessing renewable energy through the deployment of solar panels at our offices and highway R&Rs. This has led PLUS to receive multiple national and regional energy recognitions and awards. Building on the momentum of this significant achievement, PLUS aims to strengthen its support towards the Nation’s 2050 Net Zero Goal through optimizing the harnessing of renewable energy, adopting low carbon mobility practices, tapping on nature-based solutions and driving a circular economy mindset.
PLUS Managing Director, Datuk Nik Airina Nik Jaffar highlighted, “As Malaysia’s largest highway operator, we believe in pioneering sustainability to advance the highway industry. Committing to a net zero goal will drive us towards innovation and collaboration which will contribute towards nation-building.”
She further emphasized, “To realize our mission statement in connecting communities to shape a safe and sustainable future, we are committed to operate in an environmentally conscious and socially responsible manner while upholding good governance.”
PLUS will launch its Sustainability Report this month, providing comprehensive disclosure of the company's continuous progress commitment towards shaping sustainable futures.
INDUSTRY LEADERS COME TOGETHER TO SHAPE FUTURE OF DIGITAL TRANSFORMATION AT ‘CRACKING IOT CONFERENCE CHAPTER 2
KUALA LUMPUR, 13 June – Edgenta NXT, a subsidiary of UEM Edgenta Berhad (“UEM Edgenta”), a leading Asset Management and Infrastructure Solutions company in the region, has partnered with Disrupt-X, a major global digital technology player based in Dubai, to present the highly anticipated ‘Cracking IoT Conference Chapter 2’.
Edgenta NXT and Disrupt-X aims to bring together various global industry leaders to discuss and deliberate on the key benefits of Internet of Things (“IoT”), 5G and Digitalization towards shaping a digitally empowered nation at the one-day event which was held at Kuala Lumpur Convention Centre. With IoT serving as a catalyst for change, the conference offered many profound insights, fostering a rich eco-system of knowledge sharing and best practices.
“We brought together global industry leaders, some of the brightest minds in the IoT realm, to allow attendees comprising early adopters, start-ups, developers and IoT strategists to explore the boundless potential of a connected world as they exchanged valuable insights and shared best practices on the game-changing role of IoT, 5G, and digital transformation. All in all, we succeeded in preparing business leaders to be ready to propel their industries into a more sustainable and connected future,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
The ’Cracking IoT Conference Chapter 2’ emphasised the impact of new technologies across diverse sectors, from healthcare and manufacturing to transportation and smart cities. UEM Edgenta have shifted from service providers to value-adding partners and have demonstrated clear efficiency to asset owners by delivering sustainable and smart facilities management solutions through their tech-arm, Edgenta NXT.
“The future of Asset Management and Facility Management (“FM”) in the next coming years will be the defining years for next-generation solutions in the FM market that will be fully tech-enabled. Edgenta NXT is excited to be at the forefront of this transformation. This paradigm shift in turn, draws investments, drives job creation, and enhance the quality of life for communities,” said Marien Kamal, Chief Executive Officer of Edgenta NXT.
“We recognize the urgent need to harness the potential of these cutting-edge technologies to drive efficiency, sustainability, and growth in various sectors. The collaboration aimed to empower organizations to embrace digitalization fully, revolutionizing their operations and strategies to thrive in the era of Industry 4.0 while mitigating environmental impact,” said Asim Sajwani, Founder/Chief Executive Officer of Disrupt-X.
The conference was officially launched by Dzuleira Abu Bakar, Group Chief Executive Officer of MRANTI, accompanied by Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, and Muhammad Hassan, Chief Solutions Officer of Disrupt-X. Over 300 attendees, consisting of C-Suite executives, industry experts and students were among the participants, where they had the opportunity to learn from global leaders in the IoT sphere. Throughout the day-long programme, attendees participated in discussions, witnessed technology and innovation discussions in various areas including Artificial Intelligence (“AI”), 5G, Robotics, Sustainability, as well as Data Analytics and IoT.
UEM SUNRISE PARTNERS WITH GREYSTAR FOR A BTR PROJECT, STRENGTHENS PRESENCE IN MELBOURNE
KUALA LUMPUR, 21 June 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), has partnered up with global leader in the investment, development and management of rental housing, Greystar Real Estate Partners, LLC (“Greystar”) to develop the first ‘Build-to-Rent’ (BTR) project in the inner-Melbourne suburb of Collingwood.
This is the first BTR project by a Malaysian developer in Australia, in a bid to strengthen the group’s presence there.
The agreement will see Greystar as the investor and eventual owner-operator of the proposed BTR development through a fund-through structure, with UEM Sunrise as the developer and delivery partner. The upcoming project's value of the transaction is approximately AUD277 million.
UEM Sunrise Chief Executive Officer Sufian Abdullah said: “Moving into Melbourne’s burgeoning Build-to-Rent market marks a new chapter for UEM Sunrise, as we continue our active expansion in the Australian market. We have seen significant demand for Build-to-Rent projects as people seek out more housing options, as well as the sense of a long-term community. Melbourne has just become Australia’s most populated city, which has made it the right place for UEM Sunrise to invest in the asset class.
He added: “We look forward to working with Greystar and the City of Yarra to bring this exciting development to life.”
Situated at 21-53 Hoddle Street (and subject to planning approval), the proposed development is expected to include approximately 400 apartment units across two buildings, with a mix of studios and one-, two- and three-bedroom apartments suitable for multi-generational living.
The proposed development will also feature extensive common facilities and services for residents including swimming pool, gym, movie room, wellness and entertainment spaces, bike parking, electric vehicle charging stations, concierge, and co-working spaces.
The planned scheme will rejuvenate Collingwood’s east end with a proposal for a vibrant public town square at the heart of the site featuring food and beverage options, shops, essential services and greenery. New pedestrian throughfare links will also improve connectivity and permeability between Hoddle, Langridge and Islingston Streets.
BTR homes are developed and built to target the rental market. Designed specifically for long-term renters, BTR developments create a sense of community living and provides diverse housing options for occupiers. Given this flexibility, these homes allow its residents to stay within a neighbourhood that fits their preferences, needs, and lifestyle without being tied down by the burden of owning a home.
In line with UEM Sunrise and Greystar’s commitment to sustainability and creating healthy, high-quality communities with the neighbourhoods they serve, extensive new green space and landscaped areas will be delivered across the 5,390 m2 (58,017 ft2) site.
The proposed development is UEM Sunrise’s third milestone in their expansion in the Australian market, after the completion of their flagship projects - Aurora Melbourne Central, the tallest integrated mega tower in the central business district of the city, blending stunning residential apartments and lavish residents-only amenities with a destination serviced apartment, strata office suites and unique retail offerings; and Conservatory, a mixed development that balances city vibrancy and garden tranquility, both located in Melbourne, Australia.
Planning documents are expected to be submitted in July 2023, and subject to planning and approval, construction is anticipated to commence in mid-late 2024 and take approximately three years. UEM Sunrise completed the purchase of the site at 21-53 Hoddle Street in Collingwood from Jowett Properties in March 2021.
UEM Sunrise Chief Executive Officer Sufian Abdullah
(From left to right) Greystar Australia Managing Director Chris Key and UEM Sunrise Chief Executive Officer Sufian Abdullah.
(From left to right) Senior Director, Development from Greystar Sean Ryan; Greystar Australia Managing Director Chris Key; UEM Sunrise Chief Executive Officer Sufian Abdullah; and Director, Business International (Australia) Ong Chee Wei posed for a group photo after the signing ceremony.
Artist's Impression of UEM Sunrise's BTR project in Collingwood.
UEM SUNRISE APPOINTS NEW CHAIRMAN DATUK HISHAM HAMDAN AND DIRECTOR REAGAN CHAN
KUALA LUMPUR, 20 June 2023 – UEM Sunrise Berhad (UEM Sunrise) has announced new appointments of Datuk Hisham Hamdan as Chairman and Mr Reagan Chan as Director in a Bursa Malaysia filing, effective July 1, 2023.
Datuk Hisham Hamdan, 55, is currently an Executive Director of Investments at Khazanah Nasional Berhad (Khazanah) since April 2011. As the Head of Public Markets in Khazanah, he is entrusted with a mandate to invest in more than 10 countries worldwide. Hisham previously covered the Auto, Agrifood and Iskandar Malaysia portfolios and served as Executive Director of Research. He is a founding member of the Board of Trustees of Khazanah Research Institute. Previously from Sime Darby Berhad, Hisham has served in several senior capacities in strategy and business development, healthcare, energy and utilities, and China.
Formerly Chairman of the Board of UDA Holdings Berhad and BBCC Development Sdn Bhd, the developer of Bukit Bintang City Centre, Hisham has also previously served on the Board of Iskandar Investment Berhad, Sunway Iskandar Sdn Bhd and Southern Marina Development Sdn Bhd.
He obtained a dual bachelor’s degree in chemical engineering and industrial management from Purdue University, United States, and has attended the Harvard Business School’s Advanced Management Programme.
Reagan Chan, 41, graduated in actuarial science from The London School of Economics, United Kingdom, is currently Senior Vice President of Investments of Khazanah. He joined Khazanah in 2012 and currently oversees its Real Assets and Property portfolio, having previously covered inter alia Iskandar Malaysia, and Technology portfolios in the group.
Both positions were formerly held by Datuk Noorazman Abd Aziz and Effizal Faiz Zulkifly, respectively.
A key figure in UEM Sunrise, Noorazman joined the Board in October 2018 and served as Chairman since August 2020, and is widely known for his contributions in the group, having concurrently served as Chairman of the Board of Trustees of Yayasan UEM, the philanthropic arm of UEM Group Berhad.
Noorazman has been instrumental in spearheading the group’s three-phase strategic turnaround plan comprising Triage, Stabilise and Sustain, among other significant targets and sustainable initiatives. He led UEM Sunrise during the economic uncertainty wrought by the Covid-19 crisis, in which he aided the group in returning to the black for financial year ended 2022. To date, UEM Sunrise’s gross profit margin rose to 44% in 1Q2023 compared to 24% in the 1Q2022, with profit after tax and non-controlling interests of RM15.4 million for 1Q2023.
Effizal Faiz Zulkifly, who joined in February 2020, has served as a member of the Board of Development Committee of UEM Sunrise. He played a pivotal role in the value creation of numerous key developments such as macro-townships, high-rise residential and integrated developments in the group during his tenure.
The Board, and the management place on record their appreciation to Datuk Noorazman and Effizal for their contribution to the group.
Datuk Hisham Hamdan
Reagan Chan
UEM SUNRISE ON TRACK TO LAUNCH ITS FIRST TRANSIT-ORIENTED DEVELOPMENT CALLED THE CONNAUGHT ONE
KUALA LUMPUR, 20 June 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company), will unveil The Connaught One, its first transit-oriented development (TOD) in Taman Connaught, Kuala Lumpur, on Saturday, 24 June. Being in close proximity to the Taman Connaught MRT Station, the Company’s upcoming TOD grants residents the convenience and flexibility of accessing public transportation while offering various built-up homes for all market segments.
Starting at RM290,000*, UEM Sunrise’s first freehold TOD covers 1.4 hectares (3.4 acres) and consists of two towers, each 53 storeys high with a total of 1,334 units from 9 to 16 units per floor, offering five types of layouts with starting built-up sizes from 42 m² (452 ft²) to its biggest 118 m² (1,270 ft²). These layouts are flexible and adaptable by design, giving residents the freedom to design a layout that fits their current lifestyle. Type A comes with one car park bay, Type B with one or two car park bays (in tandem), while types C, D and E come with two car park bays.
The Connaught One addresses various needs of the market as a result of the pandemic, such as a co-working lounge for those working from home, a dedicated parcel and delivery area near the guardhouse and various outdoor and recreational facilities, including a jogging track and bicycle lane, intergenerational playground, jacuzzi, lap and wading pools, and a reading area, all to foster a healthier and active lifestyle within the development. The common area is also partially powered by solar panels, and common EV chargers are provided.
“We conceptualised The Connaught One as a unique product that combines its accessibility and integration with the public transportation system, catering to the demands of young urban professionals and families working either in the city or the area, as well as complementing the needs of the post-pandemic lifestyle, all at an affordably priced residence. The Connaught One’s overall design reiterates our product DNA to flexibly cater to our homebuyers’ current and future lifestyles.
As such, we are excited to launch our first TOD this coming weekend,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
The residential development is right for first-time homebuyers and professionals working near the city centre and attractive for small to medium families who still wish to live in Cheras, especially near the Taman Connaught MRT Station.
For those commuting by car, The Connaught One is directly connected to the Cheras-Kajang Expressway, Jalan Cheras and is a short drive to the Middle Ring Road 2 (MRR2), all of which will serve to disperse traffic to various parts of the city.
Its residents will benefit from various amenities within a 5km radius, including world-class healthcare providers such as the Pantai Hospital Cheras; and UCSI University, a leading higher education institution with a 12,000-strong student body.
With the readily available public transportation infrastructure and services as well as the vast array of facilities and amenities, Cheras is fast becoming one the most searched areas to rent amongst house hunters and investors, with the Taman Connaught MRT station just six stops away from the Tun Razak Exchange, which will house several financial services companies, and integrated retail hubs.
The residence is on track for completion in the last quarter of 2027.
With a Gross Development Value (GDV) of RM747 million, The Connaught One is also the first residence in the RISE Series under the Happy+ product series, UEM Sunrise’s efforts to categorise its future residential products into segments based on its customers’ lifestyle needs. Residences under The RISE Series are flexible and agile spaces that can shape and shift to suit homebuyers’ lifestyles with limitless value propositions. These attainable homes embody practical living with an environment of simplicity, recreation, and convenience.
For more information about the Company’s first TOD, The Connaught One, visit uemsunrise.com or visit The Connaught sales gallery at 191-01-01, 1st Floor, Wisma CKE, Jalan Lanchang, 56100 Cheras, Kuala Lumpur.
UEM Sunrise Chief Marketing Officer Kenny Wong sharing some opening remarks during the Company’s The Connaught One Media Launch held on the morning of June 20.
From left to right – UEM Sunrise Chief Operations Officer, Central Liong Kok Kit; Chief Development Officer Mardiana Rahayu Tukiran; and Chief Marketing Officer Kenny Wong posed for a group photo next to the scale model of The Connaught One, the Company’s first transit-oriented development in Taman Connaught, Kuala Lumpur.
Members of the press given a tour around The Connaught One show unit after the media launch earlier this morning.
UEM SUNRISE ACQUIRES KEY FREEHOLD LAND IN KELANA JAYA
KUALA LUMPUR, 6 June 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company), under its wholly-owned subsidiary Sunrise Innovations Sdn Bhd, has entered into a Sale and Purchase Agreement with Kwasa Properties Sdn Bhd, a wholly-owned subsidiary of Employees Provident Fund Board (EPF), to acquire approximately 3.7 hectares of freehold land adjacent to the Damansara-Puchong Expressway (LDP), in the prime location of Kelana Jaya at a purchase consideration of RM155 million.
The Company plans to develop a mixed-use development featuring residential and retail components, to be categorised in the NEST Series under UEM Sunrise’s Happy+ product series, a product branding initiative launched in February 2023 offering homebuyers the most ideal homes that cater to their varying lifestyles and life-stage needs. The NEST Series focuses on multigenerational-oriented homes designed with the customers’ extended families in mind.
“We have exciting plans in the works for this upcoming development which will emphasise multi-generational living opportunities. The scheme will be designed to be future-proof, catering for the evolution of the family, offering nurturing and secure environments, complemented by well-designed functional gardens and parks with recreational facilities,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
He then added, “Strategically located in the mature neighbourhood of SS6 Kelana Jaya, the residents of this new development will have easy access to urban amenities and great connectivity to vibrant commercial centres, including SS6’s retail hubs and Paradigm Mall, located just opposite it.”
The recently acquired land is also situated opposite the Taman Bandaran Kelana Jaya, Petaling Jaya’s largest and one of the most well-known parks in the area. Residents are able to take advantage of the park’s amenities and enjoy the available jogging tracks circling the lakes. Several units of this future residence may also have unobstructed views of the lake-filled park itself.
The development is estimated at a total Gross Development Value (GDV) of RM1.1 billion and is targeted to launch in 2025.
“This latest acquisition is a testament to our ongoing efforts to rebalance our landbanking portfolio and increase our presence in the Central region. We are confident that we can create more value in developing the land for the price we paid for. UEM Sunrise is always looking out for new development opportunities, especially in key conurbation and matured prime locations that deliver value to our customers and shareholders, as means to reinforce our future pipeline for long-term sustainability and growth,” Sufian said.
The disposition of EPF’s prime land to UEM Sunrise is thus aligned with the Company’s strategy to maintain sustainable development as a renowned property developer, proven by its notable track record.
With this latest purchase, UEM Sunrise's total landbank in the Greater Kuala Lumpur area stands at approximately 175 hectares amounting to an estimated total GDV of RM29.5 billion, providing the Company with resilient and sustained growth in the long term.
Artist Impression of KJ Development
UEM Sunrise CEO Sufian Abdullah
UEM EDGENTA STARTS Q1 FY2023 WITH STRONG EARNINGS AND NEW CONTRACT WINS
KUALA LUMPUR, 30 May – UEM Edgenta Berhad ("UEM Edgenta" or the "Company"), the leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the period ending 31 March 2023 ("Q1 FY2023").
During the first quarter, UEM Edgenta commenced the business year strongly, achieving a revenue growth of 17.2% to RM631.8 million compared to RM539.2 million in the corresponding quarter of the previous year (Q1 FY2022). The company also recorded a 15.9% growth in profit after tax and non-controlling interest ("PATANCI"), amounting to RM10.9 million in Q1 FY2023, up from RM9.4 million in Q1 FY2022.
UEM Edgenta experienced healthy orderbook replenishment during the quarter with new contracts secured totaling RM651 million, representing 50% of total contract wins achieved in FY2022.
International markets accounted for approximately 50% of the Company's new contracts, demonstrating the continued success of UEM Edgenta's strategy in expanding its presence in the global markets. In addition, its Healthcare Support division played a crucial role in securing new commercial and Integrated Facilities Management ("IFM") contracts, contributing 55% to the overall new contract wins and in part driven by strong contract renewals in its Singapore and Taiwan markets. This is a testament to the Company's commitment to delivering high-quality services, as well as the confidence and trust that clients have in the Company.
In terms of orderbook replenishment, both local and international markets contributed equally to new project wins, with contracts secured in Singapore and Taiwan exhibiting an impressive 96% renewal success rate, particularly in healthcare support services. This serves as a testament to the Company's commitment to delivering high-quality services and instilling confidence in international clients.
On the domestic front, UEM Edgenta continues to strengthen its presence in the private healthcare sector by extending services to new clients in addition to contract renewals by existing clients. Furthermore, the Company’s investments in sustainability and technology continue to garner traction through Energy Performance Contracting and the IFM contracts secured nationwide by utilizing its tech-driven solution, via Edgenta NXT. The Infrastructure division’s orderbook is enhanced through the renewal of state road maintenance contracts and the award of additional roadworks, entrenching its role in maintaining the critical transport infrastructure assets in Peninsular Malaysia.
Commenting on the results, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, "Our dedicated teamwork has propelled us to a strong start in 2023. With a healthy balance sheet featuring a low gross gearing ratio of 0.32 times and a robust net cash position, including bank balances of RM114.9 million, we aim to maintain this growth momentum as we explore new business opportunities."
"We believe that we are on the right path, remaining agile and innovative to secure a sustainable global UEM Edgenta franchise. As we expand our technology solutions and business footprint, we are actively collaborating with new partners in the highly sought-after smart city solutions and sustainability services, as well as expanding into promising markets in the Middle East," he added.
"Bridging the gap between present and future service delivery, the Asset and Facilities Management industry is undergoing rapid transformation, moving away from the traditional 'maintain-repair-restore' model. Instead, it now emphasizes the preservation of assets and continuous operational optimization of buildings, townships, and cities. This paradigm shift paves the way for innovative technology-based solutions, which we are delivering through Edgenta NXT," he explained.
Edgenta NXT is commercializing its interoperable digital asset management platform, Asseto, that integrates various technologies such as automation, sensors, robots, and data aggregation, allowing for data-driven decision-making that optimize energy utilization, waste management, and user experience, enhancing efficiency and returns to all stakeholders.
EDGENTA NXT AND DISRUPT-X PRESENTS: ‘CRACKING IOT CONFERENCE CHAPTER 2’
KUALA LUMPUR, 22 May – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, through its subsidiary, Edgenta NXT will host ‘Cracking IoT Conference Chapter 2’, a key conference which aims to shed more light on innovations and discoveries from the Internet of Things (“IoT”) at the KL Convention Centre on 13 June 2023.
Together with its partner, Disrupt-X, a major global digital technology player, and TEKTELIC Communication, a premier supplier of End-to-End IoT solutions and Edgenta NXT will bring together leading experts in the field of IoT from across the globe to discuss its vast potential by exchanging best practices and knowledge on some of the world’s greatest technological advancements. IoT, which is a network of interconnected devices that can collect, transmit, and process data without much human intervention, has been regarded as a game changer for the future of mankind.
Disrupt-X, a leading global tech company noted for its solutions for smart cities, industrial applications, transport, and healthcare, is teaming up with Edgenta NXT to unearth further potential of IoT in the field of efficient utilisation of IoT devices to make the world a better place. It also aims to attain its aspirations by optimising the use of resources such as energy and water, inspiring endeavours that will certainly lead to cost savings and reducing the environmental impact on our planet.
Edgenta NXT’s efforts with Disrupt-X comes after the successful inaugural conference in Dubai last year as it is in line with UEM Edgenta’s goal to constantly find new ways to strengthen business offerings guided by technological advancement to enable society to prepare for the future.
“UEM Edgenta has always taken the view that IoT can provide tremendous benefits through efficient resource allocation. As such, we feel that IoT devices such as smart appliances and industrial robots can help reduce human efforts by automating tasks and processes that would otherwise require human labour,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
“We intend to bring together some of the brightest minds in IoT for ‘Cracking IoT Conference Chapter 2’ because our primary goal is to help attendees discover the potential of the connected world and exchange best practices and knowledge. We believe that this conference will be a great opportunity for early adopters, start-ups, developers, and IoT strategists to learn from each other and make valuable connections,” he added.
“We see tremendous potential for IoT devices in the future that can improve the efficiency and quality of products and services, lowering operational costs and increasing the profitability of businesses and organisations. As such, we see increased usage in healthcare, asset management, building maintenance, education, agriculture and security besides their better customer experience because of their interactive and engaging nature,” he added.
Guided by its ‘Edgenta of the Future 2025’ vision, the company believes in the increasing role of IoT devices for decision analytics because they can generate and analyse large amounts of data and provide valuable insights and actionable information for decision-making across various business sectors.
The first 'Cracking IoT Conference Chapter 1’ was held last year in Dubai in the United Arab Emirates (“UAE”). Billed as the largest IoT event in the Middle East and North Africa, the conference was jointly organised with Intel Corporation and gathered 300 C-Suite executives in the UAE where they had the opportunity to learn from more than 40 global leaders in the IoT sphere.
To request an invite, please visit https://crackingiot.com/chapter-2/.
About Disrupt-X: As a leading global IoT solutions innovator, Disrupt-X provides smart solutions for various industries as it has been committed to supporting the growth of technology and digitalisation through the continuous development of smart solutions since its establishment in 2018. The company’s innovative plug-and-play smart solutions for various industries have helped businesses save money by reducing waste and increasing efficiency. Disrupt-X’s hallmark is providing seamless integration to existing systems in use. One of its innovations has been through its Disrupt-X IoT Cloud Platform where it manages the entry and exit of vehicles by detecting the number plates of vehicles without the need of any RFID or parking tickets.
UEM SUNRISE BERHAD ANNOUNCES ITS FIRST QUARTERLY FINANCIAL RESULTS FOR THE YEAR; ON TRACK TO HIT LAUNCH TARGET OF RM 2.5 BILLION GDV
KUALA LUMPUR, 18 May 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company) today announced its financial results for the first quarter ended 31 March 2023 (1Q 2023). The Company recorded a revenue of RM241 million driven by higher construction progress from local developments, mainly Residensi AVA in Kiara Bay, Serene Heights in Semenyih, Residensi Allevia and Residensi Astrea both in Mont’Kiara and KAIA Heights in Equine Park, Seri Kembangan. This is in addition to the revenue secured from the Company’s property investments, facilities management, and others.
Its gross profit margin improved to 44% in 1Q 2023 in comparison to 24% in the first quarter of 2022 (1Q 2022) due to the recognition of project cost savings, while its operating expenses and operating profit improved by 7% and 12%, respectively compared to 1Q 2022. In tandem with the higher gross profit, after considering the performance of its joint ventures and associates, the Company recorded a profit after tax and non-controlling interests of RM15.4 million for 1Q 2023.
Its inventories further reduced by 53% to RM176 million as of 31 March 2023 (RM372 million as of 31 March 2022) while its cash balances remained strong at RM1.1 billion, a 35% increase from its position of RM813 million as of 31 March 2022. Its net gearing remained moderate at 47% as of 31 March 2023.
Property sales in the quarter were RM168 million; 61% from Central mainly from Residensi Allevia, Symphony Hills in Cyberjaya and Serene Heights while the remaining 39% was from Southern mostly from Estuari Gardens, Senadi Hills and Aspira Square, all in Iskandar Puteri. As of 31 March 2023, UEM Sunrise has unbilled sales of RM1.7 billion.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "Our gross margin this quarter is strong pursuant to higher margins for selected completed developments in both Central and Southern regions, in addition to the contribution of the settlement of remaining units in Aurora Melbourne Central. Combined with a slight decline in our operational expenses among others, we maintain a positive earnings position for the quarter under review”.
He continued, "We are entering into the second stage of Triage this year after achieving the majority of the initiatives rolled out last year. Triage is the first part of our three-phase strategic turnaround plan and takes place from 2022 to 2023. This will be followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond). Leveraging on this momentum, we will continue to strengthen fundamentals and deliver launches as planned to further increase stakeholders’ confidence in the Company. Among our endeavours this year is to reinforce our pipelines and launch new projects worth RM2.5 billion to the market. We are also targeting sales of RM1.5 billion as a follow through to the planned launches”.
Touching on the key new launches in 2023, “The preview of our latest development in Mont’Kiara; The MINH, to the media on 9 May was met with very warm reception. The two-tower luxury residence features 496 units varying from 149m2 to 279m2 (1,607 to 3,010 square feet) in terms of size and has a total GDV of RM979 million. It is the first development to be launched under the CLUB Edition of the Happy+ product series. Branded as a prestigious resort-inspired lifestyle home motivated by the Indochine design expression – it showcases a combination of French Colonial design infused with Vietnamese traditions. We target to officially launch The MINH on 27 May. Happy+ is a residential product series which segments its products into five categories; namely KASIH series, RISE series, NEST series, CLUB Edition and LUXE Collection, catering to homebuyers with varying lifestyles and life-stage needs, delivering a more streamlined customer experience and implement innovative product features into its future products moving forward”.
“We are also excited to introduce our first transit-oriented development, The Connaught One, featuring 1,334 residential units sized between 42m2 to 118m2 (452 to 1,270 square feet) and 15 retail units in Taman Connaught, Cheras; a two-tower residential development, which will be directly connected to the Taman Connaught MRT Station. Residents will also have direct connectivity to the Cheras-Kajang Highway and Jalan Cheras; near the Middle Ring Road 2. With an estimated total GDV of RM743 million, this will be a RISE Series product under the Happy+ product series; attainable homes that embody practical living and flexible designs with agile spaces to shape and shift buyers’ lifestyle. We target to launch The Connaught One before the end of June this year”.
“In the third quarter of this year, we target to introduce our latest development in Kiara Bay, giving the opportunity for those who missed out on Residensi AVA to own a residence near the majestic Kepong Metropolitan Park. Slated as our third Happy+ product this year and codenamed as KMP7 for now, this new development in Kiara Bay has a biophilic design concept that connects residents more closely to nature. The three-tower development features 1,126 residential units with sizes ranging between 42m2 to 140m2 (450 to 1,508 square feet). With an estimated GDV of RM646 million, this will be our second RISE series this year after The Connaught One”.
“Other than these key projects, we will continue to launch new phases of our existing developments, mainly double storey landed homes, in Serene Heights, Semenyih as well as Senadi Hills and Gerbang Nusajaya both in Iskandar Puteri”.
The Company continues to pursue its sustainability agenda as guided by the UEM Sunrise Sustainability Blueprint 1.0 and will be producing its own Sustainable Development Design Guidelines to act as a reference for stakeholders to comply with when integrating sustainability elements into its design procedures. It remains committed to the sustainability agenda and will engage and collaborate with relevant stakeholders to raise awareness and adopt sustainability practices.
THE MINH MONT'KIARA, THE LATEST ICONIC DEVELOPMENT BY UEM SUNRISE
KUALA LUMPUR, 9 May 2023 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") announced that it would officially open the latest development in Mont’Kiara; THE MINH to the general public on 27 May. The Indochine-inspired design has received a warm reception, having had 70% of its first tower, Tower B taken up through an introductory preview with the Company’s business associates and Trésorians, UEM Sunrise’s premium loyalty members.
An acronym for Mont'Kiara Indochine-inspired Nature Homes which also means ‘bright’ in Vietnamese, THE MINH takes inspiration from the Indochine design expression - A style borne from the harmonious combination of French Colonial design and the sensitivities and traditions of vernacular design in Vietnam.
Located in the serene and quiet neighbourhood along Jalan Kiara 7 and on an elevated site adjacent to Bukit Kiara Hill, the luxury residence comprises 496 units total with two towers, each 42 storeys high with only six units per floor. THE MINH features four types of room layouts, A, B, C and D, and ranges from 149m2 (1,607 sq ft) to 279m2 (3,010 sq ft). Types A and B follow a bungalow design concept. Types C and D are semi-detached designs with private lift lobbies, versatile lanai areas and junior suites. Since these two units are located side by side, they can easily combine into a mega-bungalow unit with an impressive 534m2 (5,743 sq ft), with its own internal private lift, perfect for those who value a more private residence.
The bedroom and junior suite designs have taken into consideration being self-sufficient, catering to flexible and multi-generational living within the same home. This is part of the Company’s response to the new normal to provide spaces which can function independently too.
Furthermore, each unit comes with one EV charger-ready powerpoint, allowing residents to charge their electric vehicles in the comfort and safety of their homes.
As THE MINH towers over the breathtaking Mont'Kiara skyline, residents can enjoy commanding views of its surroundings, including the city skyline, Bukit Kiara Hill or Kuala Lumpur.
Each unit adopts a spacious open-plan layout to cater to each resident's current and future lifestyle needs, including a combinable breakfast and kitchen space. With a layout designed around openness, this greatly encourages more interaction among family members on a day-to-day basis and guests during social events. In addition, this allows natural ventilation and sunlight to beam into each home, which helps reduce the reliance on air conditioning and artificial lighting during the day.
THE MINH offers luxurious yet family-friendly amenities which come with two levels, including the first Spa Hut in Mont'Kiara, offering hot jacuzzis, saunas, halotherapy/salt chambers, and meditation huts, an all-inclusive wellness centre intended to rejuvenate the mind, body, and soul, giving residents the ultimate luxurious living experience.
In addition, THE MINH has an 80m lap pool, a children's pool, an open, green-filled space for residents to host various outdoor activities and user-friendly indoor and outdoor gymnasiums.
THE MINH boasts a cascading waterfall with a cantilevered dining terrace at the end of the 80m lap pool, providing extravagant views highlighting THE MINH's other amenities.
THE MINH’s multi-level car park is designed with a speed ramp that gives residents direct access to their respective car park levels without passing through other car parks.
THE MINH is also the Company’s first freehold residence to launch under the CLUB Edition, offering residents high-end features and resort-inspired living. This edition is one of five UEM Sunrise's Happy+ product series categories. It caters to homebuyers with varying lifestyles and life-stage needs, delivers a more streamlined customer experience, and implements innovative product features into its future products.
At the recent THE MINH Media Preview held at the Company's Showcase in Mont'Kiara, UEM Sunrise Chief Marketing Officer Kenny Wong, in his speech, expressed how incredibly excited the team at UEM Sunrise was to announce the launch of the Company's next foray into the luxury market.
"We have specially designed a home that fosters more interaction between family members and guests in the common areas. Taking cues from shifts in how we create spaces to adapt to the new normal, we have also designed bedrooms to be more spacious, while adding a touch of luxury that compliments THE MINH’s Indochine theme.
Seeing the positive response to THE MINH’s Tower B, we’re happy to announce that we’ll be opening up our second tower, Tower A, very soon. So, stay tuned for this.” added Kenny.
Commenting on the success of THE MINH’s introductory preview, UEM Sunrise Chief Executive Officer Sufian Abdullah said that the launch of THE MINH is among the Company's numerous lineups of product announcements for 2023.
“Our focus remains consistent to ensure we offer diverse products that cater to various market segments as well as our homebuyers’ needs. Our expertise as a master developer allows us insights into niche markets that are sustainable and value-driven,” says Sufian.
For more information about the Company’s first residence under the CLUB Edition THE MINH, visit uemsunrise.com or the UEM Sunrise Showcase in Mont'Kiara.
Chief Marketing Officer Kenny Wong gave his opening remarks and some facts regarding The MINH to members of the media. The luxury residence is set to open to the public on 27 May.
Chief Development Officer Mardiana Rahayu Tukiran presented a product briefing to members of the media regarding The MINH’s design concept as well as its family-friendly layout and amenities.
From left to right - Chief Development Officer Mardiana Rahayu Tukiran; Chief Marketing Officer Kenny Wong; and Chief Operations Officer, Central Liong Kok Kit addressing questions from members of the media during The MINH’s Media Preview Q&A session
UEM Sunrise senior management team posed for a group photo in front of The MINH scale model. From left to right – Chief Strategy & Transformation Officer Irwin Mohd Eusoff; Chief Operations Officer, Central Liong Kok Kit; Chief Executive Officer Sufian Abdullah; Chief Development Officer Mardiana Rahayu Tukiran; and Chief Marketing Officer Kenny Wong.
With The MINH’s spacious open-plan layout caters to each resident's lifestyle needs including a combinable breakfast and kitchen space, this greatly encourages more interaction among family members on a day-to-day basis and guests during social events.
The MINH’s spacious open-plan layout allows natural ventilation and sunlight to beam into each home, which helps reduce the reliance on air conditioning and artificial lighting during the day.
UEM EDGENTA’S STRONG REVENUE GROWTH BOOST NET PROFIT TO RM45.7MILLION IN FY2022: DECLARES 4 SEN DIVIDEND
KUALA LUMPUR, 28 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported a higher net profit of RM45.7 million for the financial year ended 31 December 2022 (“FY2022”), compared to RM43.4 million in the previous year (“FY2021”) and for the Company to stay on course to declare a higher single-tier interim dividend of 4 sen per ordinary share for FY2022, providing 4.2% dividend yield to shareholders (against 27 Feb 2023 last traded share price) (FY2021:3 sen).
On the back of its strong contract wins and international growth strategy, the Company’s revenue increased by 10.1% to RM2.5 billion from RM2.3 billion previously. Normalised net profit in FY2022 expanded to RM62.9 million as compared to RM57.3 million in FY2021.
For the quarter under review (“Q4 FY2022”), the Company recorded a net profit of RM21.0 million on the back of RM710.5 million in revenue compared to a net profit of RM4.4 million and a revenue of RM646.2 million in the previous preceding quarter (“Q3 FY2022”).
Commenting on the results, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said the Company’s top line or revenue growth in the year under review was at all-time high, surpassing even pre-Covid levels, while the strong bottom line reinforces the Company’s business and financial resilience, despite the external headwinds faced, such as wages concerns, global inflation and supply chain disruptions.
“This reflects strong growth momentum from the execution of our Edgenta of the Future 2025 (“EoTF 2025”) strategy as we strengthened our international presence through technology & sustainability- driven capabilities as we transition to become an international tech-enabled Integrated Facilities Management Service provider.
“Backed by our quality service delivery and robust in-house tech capability, we recorded strong orderbook wins of RM1.36 billion for 2022, an increase of 30% from the previous year. With 62% of new wins coming from international markets and more than 60% were new healthcare contracts, we continue to harness our strong market position in the existing operating markets while capturing market share in the high growth markets,” he said.
The Healthcare Support Services (“HSS”) division continued to secure new contracts in Malaysia, Taiwan and Singapore, this is a testament to our credibility in supporting the healthcare sectors in these countries while expanding into integrated healthcare solutions offerings such as Replacement Through Maintenance services and diversifying its clientele in adjacent sectors, such as semiconductors and hospitality.
“UEM Edgenta’s international business expansion will be further accelerated this year, in the areas of Integrated Facilities Management and deployment of our SaaS platform solution. Our portfolio and financial profile will be further enhanced through reinvestments into new growth markets, products and technology in growth areas in the Gulf Cooperation Council (GCC) countries, particularly in the Kingdom of Saudi Arabia (KSA)” said Syahrunizam.
On 2023 outlook, the Company continues to expand into international markets where demand for quality tech-enabled services are growing while maintaining and servicing its long-term portfolios in Malaysia. Growth strategy is being executed through multi-pronged approach, leveraging on inorganic growth opportunities and collaborative partnerships with the Company’s strategic partners, supported by the Company’s strong financial position.
“While we manage macro-economic headwinds, our Company continues to build upon the strong fundamentals it possesses and strengthen its readiness towards building a global Edgenta franchise. Backed by our EoTF25 strategy to fuel growth from our tech-based transformation, expanding our business footprint internationally is the way forward as UEM Edgenta is moving up the value chain in existing and new markets in the areas of smart facilities management and integrated healthcare solutions,” he added.
The immediate focus for 2023 will be leveraging on UEM Edgenta’s technological advancements in key areas such as consultancy, procurement & construction planning, operations & maintenance, as well as optimisation, rehabilitation and upgrades, putting the Company in a prime position to benefit from the fast-growing economic regions.
“We expect our plans to be fulfilled as we are pleased with the level of progress that UEM Edgenta has achieved since our concerted strategic efforts move two years ago to export our expertise to key growth areas and by teaming up with the right partners in KSA,” said Syahrunizam.
UEM EDGENTA’S MD/CEO CONFERRED WITH THE ‘GLOBAL BUSINESS ICON LEADERSHIP AWARD’
KUALA LUMPUR, 24 February – UEM Edgenta Berhad’s (“UEM Edgenta” or the “Company”) Managing Director and Chief Executive Officer, Syahrunizam Samsudin, has been conferred with the ‘Global Business Icon Leadership Award’, at the recent Global Business Forum 2023, organised by the Malaysian Global Business Council & KSI Strategic Institute for Asia Pacific, supported by Economic Club of Kuala Lumpur.
The award recognises business and industry leaders in driving excellence and steering the company’s track record on business innovation, sustainability practices, as well as shaping the future of Malaysia and transforming the nation through their commitments; exemplifying distinctive and transformational leadership.
“This notable award reflects the ingenuity, agility, and passion of all Edgenta Stars in living up to our ambition, to become the leading international technology-enabled solutions Company, as we bring our portfolio of Sustainability Programmes, Digital and Tech Solutions to the international market, and living up to our agenda of creating value and sustainable growth for our clients’ businesses. I am sincerely humbled to lead a team that is highly dedicated and ambitious in raising the bar of our industry,” said Syahrunizam.
Under Syahrunizam’s leadership, he has steered the Company to embark on the Company’s ‘Edgenta of the Future 2025’ vision and has led the organization to support the nation’s battle against the COVID-19 pandemic and in unison upholding the acceleration of nation's recovery efforts. He has successfully implemented the Company’s Environmental, Social and Governance (“ESG”) roadmap to ensure that the Company’s sustainability ambitions and targets are adopted and implemented by its stakeholders to drive change in safeguarding the climate and environment. UEM Edgenta made positive strides in 2022, leveraging on his business repositioning strategy focusing to expand internationally, to targeted high growth markets.
UEM SUNRISE UNVEILS PRODUCT SERIES, HAPPY+ TO CATER TO HOMEBUYERS’ LIFESTYLE NEEDS
KUALA LUMPUR, 22 February 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), has unveiled Happy+, a residential product series which segments its products into five categories; catering to homebuyers with varying lifestyles and life-stage needs, delivering a more streamlined customer experience and implement innovative product features into its future products moving forward.
“Our hope is that Happy+ will form an identifiable DNA of our products and allow our customers to find the right products that meet their individual needs. This initiative came from extensive research and years of understanding our customers’ behaviour,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
From its KASIH Series to the luxurious LUXE Collection, the Company aspires to cater to the various lifestyle needs and life-stage demands of its customers and future homebuyers, guiding them and making it more straightforward for them to identify a specific one based on their preferences for their dream home.
KASIH Series
UEM Sunrise’s starter homes programme focuses on encouraging community-centric lifestyles in line with the Government’s initiative to help Malaysians realise their dreams of home ownership.
RISE Series
Designed as flexible and agile spaces able to shape and shift to suit the homebuyers’ lifestyle with limitless value propositions. These attainable homes embody practical living with an environment that exudes simplicity, recreation, and convenience.
NEST Series
These multi-generational oriented homes put family first. Designed for the ultimate comfort of everyone in the family, the NEST Series offers nurturing and secure environments, complimented by well-designed functional gardens and parks with recreational facilities.
CLUB Edition
These passionately curated residences are part of a beautifully designed hospitality inspired environment offering high-end features emphasising prestigious resort living.
LUXE Collection
UEM Sunrise’s most luxurious series showcases its ambitions and vision as space creators, designers, and property developer. These unique and exquisite products emphasise crafted sophisticated and privileged living – created especially for an appreciation of the finer things in life.
“Happy+ was conceived from our core design DNA to anticipate our customer’s needs, complementing their different lifestyles and life-stages. Concurrently, we are constantly finding ways to enhance customer-centricity, help future homebuyers on their journey to own their dream homes and explore innovative designs in such ways that even our customers did not know they needed them. Happy+ marks our commitment towards these goals,” said UEM Sunrise Chief Marketing Officer Kenny Wong.
New UEM Sunrise developments will carry its Happy+ DNA starting this year, starting with THE MINH, as it will be the first residence under the CLUB Edition, with more to come in the coming year.
For more information about UEM Sunrise’s Happy+, visit uemsunrise.com/happyplus.
UEM EDGENTA EXPANDS ITS SUSTAINABLE HEALTHCARE SOLUTIONS TO THE GLOBAL MARKET
KUALA LUMPUR, 3 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, through Edgenta Healthcare Support, has entered into three Memorandum of Business Exploration (“MOBE”) partnerships with WAS, First Ambulance Services and Optima Technic, to strengthen its position in the international healthcare business.
UEM Edgenta's Healthcare Support division is a market leader in non-clinical healthcare support services in Southeast Asia, providing services to over 300 hospitals in Malaysia, Singapore, Taiwan, and India.
WAS is a German based company and one of the world’s leading manufacturers for special vehicle and ambulance with over 20 years of experience. Taking advantage of the technological advances and innovative concepts for ambulances and patient transport vehicles, WAS provides emergency services with a safer, more efficient, and enhanced user-friendly emergency vehicles with a goal to strengthen emergency services offered, making it more sustainable for the future.
First Ambulance Services (“FAS”) is a Malaysian private ambulance outfit, providing integrated, high quality, pre-hospital emergency and medical care, patient transport, and medical retrieval services to the Malaysian community, offering fully integrated turnkey solutions for hospital-based ambulance services. With operations in the main medical hubs in the country, FAS is dedicated to provide better support to the community through smart ambulances.
“UEM Edgenta, in its business exploration with WAS and First Ambulance, will provide solutions to uplift healthcare services in the country, and other regions simultaneously. We hope to elevate the country’s healthcare system to be at par with global standards. Our combined expertise in healthcare services, digital healthcare, and asset management technology, will enable us to enhance our healthcare system and improve patient journey, in support of Malaysia’s Ministry of Health’s (“MoH”) vision, as well as in other regions, mainly Middle East, Asia, and other countries globally. As part of our commitment in delivering Environmental, Social and Governance (“ESG”) initiatives, we are also exploring EV Ambulance, in line with the launch of Vision 2030 by his royal highness Prince Mohammed bin Salman, Crown Prince with the Kingdom of Saudi Arabia’s (“KSA”) commitment towards reducing carbon emissions for the nation. This is a step forward in UEM Edgenta’s continuous aspiration to provide integrated and high-quality emergency medical services, towards a better patient-centric care ecosystem”, said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
Optima Electro Hydraulic Ltd. Co. (“Optima Technic”) is a Turkey based company that provides various economical mobile solutions through its services in furnishing mobile hospital solutions, mobile military solutions, designing and manufacturing of mobile engineering solutions, as well as, mobile commercial solutions tailored to each customers’ requirements.
“Through our partnership with Optima Technic, UEM Edgenta will be able to provide better access to safer and fast-built facilities, and this is in line with our capability in healthcare infrastructure upgrade, especially in rural and remote areas where the communities lack basic access to essential health”, added Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
The MOBE partnership agreements were sealed during the Arab Health 2023 exhibition at the Dubai World Trade Centre. Present during the signing ceremony was Syahrunizam Samsudin, Rais Imran, Chief Strategy Officer of UEM Edgenta, Hillary Chua, Chief Financial Officer of UEM Edgenta, Shaiful Subhan, Managing Director of Edgenta Mediserve, Derrick Wong, General Manager of Operon Middle East, together with Andreas Plöger, Managing Director/Chief Strategy Officer of WAS, Steven Penafort, Managing Director of First Ambulance Services, Ismail Tamer, Chief Executive Officer of Optima Technic, as well as the senior management team from UEM Edgenta, WAS, First Ambulance Services and Optima Technic.
On hand to observe the agreement was by Yang Berbahagia Tuan Fadly Amri, Consul General of Malaysia to the United Arab Emirates, Asrul Ab Rahim, Khazanah representative, Abdul Mukti, Director of MIDA, Dubai and Megat Iskandar, Trade Commissioner of MATRADE.
KOLABORASI TNB DAN PLUS SEDIA 18 KEMUDAHAN PENGECAS KENDERAAN ELEKTRIK TNB ELECTRON DI 9 R&R SEPANJANG LEBUH RAYA
Pemilik kenderaan elektrik yang menggunakan rangkaian Lebuhraya PLUS Malaysia Berhad (PLUS) akan menikmati perjalanan yang lebih selesa apabila 18 kemudahan pengecas TNB Electron disediakan kepada mereka menjelang hujung tahun ini, hasil kolaborasi Tenaga Nasional Berhad (TNB) dan PLUS dengan sokongan Lembaga Lebuhraya Malaysia (LLM).
Pada ketika ini, kemudahan pengecas TNB Electron disediakan di 3 buah R&R iaitu Ayer Keroh (Arah Utara), Tapah (Arah Utara) di Lebuhraya Utara-Selatan dan Paka (Arah Utara) di Lebuhraya Pantai Timur 2 (LPT2).
Enam lagi TNB Electron sedang dibangunkan di R&R Machap (Arah Selatan), Rawang (Arah Utara), Gunung Semanggol (Arah Selatan), Gurun (Arah Utara dan Selatan) dan Paka (Arah Selatan) yang dijangka siap pada tahun ini.
Kolaborasi TNB dan PLUS ini adalah sejajar dengan aspirasi Malaysia menuju negara neutral karbon.
Menurut Presiden dan Ketua Pegawai Eksekutif TNB, Dato’ Indera Ir. Baharin Din, “Penggunaan tenaga elektrik di 9 TNB Electron itu yang dianggarkan sebanyak 99,000 kWh elektrik sepanjang tahun 2023 akan dapat menghindari pelepasan 7.2 tan metrik karbon dioksida dalam tempoh yang sama. Ini adalah bersamaan dengan pemerangkapan gas rumah hijau oleh 8.5 ekar hutan setahun.”
“Pembangunan industri EV adalah sebahagian daripada komitmen TNB untuk memberi tumpuan terhadap usaha penyelesaian tenaga lestari di peringkat nasional dan antarabangsa. Agenda Peralihan Tenaga TNB menyasarkan tenaga sifar bersih pada tahun 2050 melalui pengurangan 35% intensiti pelepasan karbon menjelang 2035,” katanya.
TNB, katanya, telah menjadikan pembangunan ekosistem EV sebagai antara empat inisiatif mempercepatkan pacuan Peralihan Tenaganya dalam usaha meningkatkan komitmen terhadap Alam Sekitar, Sosial dan Tadbir Urus (ESG) serta memastikan pertumbuhan perniagaan yang mampan.
Menurut Ahli Lembaga Pengarah PLUS dan Pengarah Urusan Kumpulan UEM, Dato’ Mohd Izani Ghani, “PLUS sebagai pengendali infrakstruktur lebuh raya yang utama negara berganding bahu bersama TNB dan menggunakan kepakaran teknologi sumber tenaga mereka untuk ditawarkan dan dinikmati oleh pengguna lebuh raya kami.”
“Sehingga Januari tahun ini, sebanyak 20 kemudahan pengecas pantas telahpun beroperasi di sepanjang Lebuhraya PLUS. PLUS juga bersedia untuk menambah lebih banyak kemudahan ini di R&R yang lain,” tambah beliau.
Menurut Dato’ Mohd Izani lagi, “Kami juga yakin bahawa Pengecas TNB Electron ini akan dapat memberikan lebih pilihan kepada pemilik kenderaan elektrik di Lebuhraya PLUS dengan kos yang lebih efektif.
Justeru, beberapa inisiatif turut dilaksanakan melalui kerjasama kedua-dua belah pihak dengan tumpuan memperluaskan lagi penyelesaian kWh, kenderaan elektrik, Tenaga Boleh Baharu serta inisiatif tenaga hijau termasuk pemasangan bumbung solar dan sistem pemantauan tenaga sebagai pelengkap inisiatif Kelestarian Alam Sekitar PLUS.
PLUS dan TNB akan meneruskan perbincangan berkaitan mobiliti rendah karbon dan meningkatkan kecekapan tenaga dengan mengoptimumkan kos elektrik di samping menyokong sumber tenaga hijau.
Majlis pelancaran operasi kemudahan pengecas kenderaan elektrik TNB Electron pertama di Kawasan Rehat dan Rawat (R&R) Ayer Keroh (Arah Utara) di Lebuhraya PLUS telah disempurnakan oleh YB Dato Sri Alexander Nanta Linggi, Menteri Kerja Raya Malaysia, hari ini.
Hadir sama ialah Ketua Setiausaha Kementerian Kerja Raya, Dato’ Wira Wan Ahmad Uzir Wan Sulaiman; Timbalan Ketua Setiausaha (Dasar dan Pembangunan) Kementerian Kerja Raya, Dato’ Zahrul Hakim Abdullah, Ketua Pengarah Lembaga Lebuhraya Malaysia, Dato’ Ir. Mohd Shuhaimi Hassan; Presiden/Ketua Pegawai Eksekutif TNB, Dato’ Indera Ir. Baharin Din, Ahli Lembaga Pengarah PLUS dan Pengarah Urusan Kumpulan UEM, Dato’ Mohd Izani Ghani, Ketua Pegawai Operasi PLUS Datuk Zakaria Ahmad Zabidi serta Ketua Pegawai Strategi dan Usaha Niaga (Chief Strategy & Ventures Officer) TNB, Datuk Ir. Megat Jalaluddin Megat Hassan.
Bagi penggunaan TNB Electron, sila muat turun Aplikasi GO TO-U dan untuk maklumat lanjut, layari https://www.tnbx.com.my/ev-charging-platform.
Tenaga Nasional Berhad (TNB) telah memulakan operasi kemudahan pengecas yang dinamakan TNB Electron di sepanjang lebuh raya PLUS, dengan tujuan untuk membantu mengatasi kebimbangan pengguna EV apabila melalui Lebuhraya Utara-Selatan (NSE) & Lebuhraya Pantai Timur.
TNB Electron R&R Tapah (Arah Utara)(2x90kw) mula beroperasi pada 15 Februari 2023, manakala dua lagi pengecas projek perintis iaitu R&R Ayer Keroh (Arah Utara) & R&R Paka (Arah Utara) (2x90kw) mula beroperasi 20 Januari 2023.
Tenaga Nasional Berhad (TNB) telah memulakan operasi kemudahan pengecas yang dinamakan TNB Electron di sepanjang lebuh raya PLUS bermula 20 Januari 2023, dengan tujuan untuk mengatasi kebimbangan pengguna EV apabila melalui Lebuhraya Utara-Selatan (NSE) & Lebuhraya Pantai Timur.
Tiga pengecas projek perintis pertama terletak di R&R Ayer Keroh (Arah Utara) (2x90kw), R&R Paka (arah Utara) (2x90kw) dan R&R Tapah (arah Utara) (2x90kW).
UEM SUNRISE RETURNS TO PROFITABILITY SUPPORTED BY STRONGER PROPERTY DEVELOPMENT AND LAND SALES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022
KUALA LUMPUR, 23 February 2023 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") today announced its financial results for the financial year ended 31 December 2022 (“FY2022”). The Company recorded a revenue of RM1.5 billion compared to RM1.2 billion in 2021 driven by higher construction progress from local developments and land sales. Main revenue contributors are Residensi Solaris Parq in Dutamas, Serene Heights in Semenyih, Residensi AVA in Kiara Bay, Residensi Astrea in Mont’Kiara, Senadi Hills in Iskandar Puteri and Residensi Allevia in Mont’Kiara. This is in addition to the revenue recognised following the completion of the sale of industrial plots in phase 3 of the Southern Industrial and Logistics Clusters or SiLC and the divestment of a few non-strategic lands.
The Company recorded a significant improvement in its earnings position in tandem with the higher revenue, in addition to improvements in other income, scaled down operating expenses and better share of results from joint ventures and associates, mainly Horizon Hills and Nusajaya Tech Park in Iskandar Puteri and Forest Heights in Seremban. For FY2022, it returned to profitability, recording a profit after tax and non-controlling interests of RM80.5 million compared to a loss of RM213.0 million in the preceding financial year.
UEM Sunrise reduced its inventories by 49% to RM203.0 million as at 31 December 2022 from RM396.9 million on 31 December 2021. Its cash balances remain strong at RM1.02 billion while its net gearing remain moderate at 48%, both as at 31 December 2022. A total of 1,051 properties were completed in 2022; 711 units in Central with the balance of 340 units in Southern.
UEM Sunrise is declaring a single-tier tax exempt dividend of 0.5 sen per ordinary share for the financial year ended 31 December 2022 in line with the Company’s dividend policy.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "Our results for FY2022 is a testimony of the effectiveness of the initiatives taken under Triage, the first phase of our three-pronged strategic turnaround plan. Among the objectives under Triage was to ‘suture the bleed’ and better position ourselves for a long-term sustainable growth. We have successfully monetised our inventories, heightened our property development activities and improved our cashflow. We have also completed the bulk of the phase 3 SiLC sale and divested some non-strategic lands. Internally, we have been adopting a few structural changes in our processes, systems and design framework to achieve better cost efficiency. These have all contributed to the Group returning to profitability for FY2022”.
“As a result of our better performance and return to profitability, we are pleased to share that we will be giving out dividend of RM25.3 million, which is equivalent to 31% of our profit, in line with our dividend policy as a reward to our loyal shareholders”.
“We realise that a steady pipeline and a healthy product mix are critical contributors to the Group’s revenue. Following the positive momentum of 2022, we plan to launch products worth RM2.5 billion this year. In Central, we plan to launch THE MINH in Mont’Kiara, a ‘CLUB Edition by UEM Sunrise’ high-rise residential development and THE CONNAUGHT ONE under the ‘RISE series by UEM Sunrise’; a high-rise residential and retail development right next to Taman Connaught MRT Station. We will also launch a new high-rise residential development in Kiara Bay and more landed homes in Serene Heights. In Southern, new phases of landed homes will be launched in Senadi Hills, Aspira LakeHomes and a new development codenamed Res 7 in Gerbang Nusajaya. Internationally, plans for the AUD250 million development in Collingwood, Melbourne are being finalised, anticipated for launch this year as well. On the back of these planned launches, we have set a sales target of RM1.5 billion this year”.
“We will continue to focus on our strategic turnaround plan; “Triage, Stabilise and Sustain” having accomplished several initiatives under the first phase of Triage. We aim to strengthen our core business, ensuring that our launch plans are intact, and target to have a healthier balance sheet. We are wary of the potential headwinds within the industry and will mitigate this by instilling operational excellence in our processes and systems. These efforts will prepare the Group for the Stabilise phase targeted to commence this year, focusing on growth in other market segments, including industrial real estate and potentially further international expansion”.
He further added, “We remain steadfast in embracing sustainability aligned with the UEM Sunrise Sustainability Blueprint 1.0 and will be identifying the relevant ESG metrics as key performance indicator targets for the Group. We will also continue to hold a series of engagements to raise stakeholders’ awareness on sustainability and ESG”.
UEM EDGENTA SUCCESSFULLY COMPLETED ACQUISITION OF A 60% STAKE IN MEEM FACILITY MANAGEMENT COMPANY MARKING FULL OPERATIONALIZATION OF EDGENTA ARABIA LIMITED
Strategic partnership with Mohammed I. Al-Subeaei & Sons Investment Company (“MASIC”), bestows a prime establishment of an operating base in the Kingdom of Saudi Arabia to spur the Company’s Role Towards the Realization of Saudi Arabia’s Vision 2030.
KUALA LUMPUR, 22 March – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, announced today that its wholly-owned subsidiary, Edgenta Arabia Limited (“EAL”) has completed the transaction with Mohammed I. Alsubeaei & Sons Investment Company (“MASIC”) for the investment in a 60% equity stake and provision of growth capital in MEEM for Facilities Management Company (“MEEM”) upon fulfillment of the local regulatory approvals and conditions precedent of the definitive agreements.
The strategic 60% acquisition in MEEM will allow UEM Edgenta to solidify its footprint in the Kingdom of Saudi Arabia (“KSA”) with MEEM being one of the first of the many collaboration and partnership opportunities between UEM Edgenta and MASIC. Both entities will focus on Smart Integrated Facilities Management as well as Healthcare Projects where UEM Edgenta’s already strong credentials in these areas can be immediately deployed in the KSA market.
Established in 2017, MEEM is a homegrown facilities management (“FM”) company founded by MASIC, a leading Saudi investment company in KSA with investments spanning across financial services, real estate, public and private equity. MASIC was recently listed as one of the “2023 Top 100 Arab Family Businesses” by Forbes Middle East. MEEM’s FM capabilities include the provision of hard and soft FM services, specialized and support services to commercial, industrial, education and residential properties in KSA, with a workforce of more than 150 employees.
MEEM provides a readily operational facility management platform and existing contracts in hand to accelerate UEM Edgenta’s operationalization in the KSA market. Anchored by Saudi Arabia’s Vision 2030, the KSA’s facility management market is expected to grow by a CAGR of 6.2% to USD35 billion by 2028, accounting for c.50% of spend in Gulf Cooperation Council (“GCC”) region. Mega projects such as NEOM, Red Sea, AMAALA and Qiddiya will be the catalysts for UEM Edgenta and MASIC to co-develop world class integrated FM services in KSA before expanding further into the broader GCC region.
“Various game-changing initiatives in KSA have set the investment market there abuzz over the country’s major development plans in infrastructure, technology and healthcare – areas that UEM Edgenta has already a strong market presence in Asia. MEEM provides the launchpad for us to expand and grow in the Kingdom, coupled with UEM Edgenta’s leading edge position in technology-enabled and sustainability-driven facility management solutions, we are confident this lays the foundation of success for Edgenta to be unlocking opportunities for market wins,” commented Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
MASIC’s Chief Executive Officer, Hani Halawani, stated: “Together with UEM Edgenta, we look forward to elevating MEEM to be the leading integrated and smart facilities management company by bringing in new technology and best global practices into the region.”
By harnessing this subsidiary’s strong market position, the Company is on track to achieve its ambitions of Edgenta of the Future 2025 vision to expand UEM Edgenta’s international footprint and enhance product and technology proposition in high growth markets.
PLUS ANTICIPATES 2 MILLION VEHICLES A DAY DURING PEAK DAYS OF AIDILFITRI TRAVELS
- Committed to Take Proactive Measures to Provide Safer and More Convenient Highway Travel
PLUS Malaysia Berhad (PLUS) is ready to provide safer and more convenient travel and help the public for their much-anticipated ‘Balik Kampung’ journey for this year’s Aidilfitri festive celebration.
2 Million Vehicles Per Day
“PLUS anticipates that approximately 2 million vehicles will travel on our highway network daily on peak days on 19th April to 21st April, 24th April to 25th April, 29th April to 1st May and 4th May to 7th May 2023 in conjunction with the Aildilfitri holiday period. The figure translates to a 20% increase in traffic as compared to normal days,” said PLUS’ Chief Operating Officer, Datuk Zakaria Ahmad Zabidi.
“Therefore, we advise highway customers to plan for their ‘Balik Kampung’ travel earlier to avoid getting caught up in traffic surge during peak days,” explained Datuk Zakaria.
“As such, to cope with the traffic increase, PLUS is preparing and taking various strategies to help travellers enjoy safer and more convenient travel on our highways. The strategies include safety, traffic and congestion management, traffic distribution, traffic management at toll plazas, facilities management at rest areas, as well as traffic information dissemination throughout the holiday period,” he added.
Collaboration with The Police and RTD To Heighten Safety
To ensure the safety of highway users, PLUS continues to collaborate with the Royal Malaysian Police (PDRM) and the Road Transport Department (RTD) for traffic law enforcement as well as carry out continuous road safety advocacy on the highways throughout the festive period.
Emergency Teams on Standby at 11 Locations
In addition, PLUS also provides an Emergency Response Team (ERT) comprising of PDRM, RTD, Civil Defence Force (APM), St John Ambulance and Red Crescent Society (PBSM) at 11 strategic locations on the highway with more than 500 personnel.
269 Patrolling Teams on PLUS and LPT2
“On the other hand, to improve the level of safety on the PLUS highway network including Lebuhraya Pantai Timur 2 (LPT2) during the festive season, a total of 269 highway patrol teams including PLUSRonda and LPT2Ronda are assigned with patrolling 24 hours a day and to assist highway users in distress and emergencies. This is an increase of 9.3% over normal days,” he said.
PLUS To Issue Out TTA
PLUS will also issue out its Travel Time Advisory (TTA) for the North-South Expressway as a strategy to distribute traffic and help the public to plan their ‘Balik Kampung’ and return to the Klang Valley travels during the holidays.
6,000 Personnel on Highway Ecosystem
In addition, PLUS also provides more than 6,000 personnel from the highway ecosystem at toll plazas, rest areas, lay-bys and highway mainline including highway patrol personnel, customer service assistants and toll plaza supervisors, Traffic Monitoring Centre (TMC) personnel, RELA personnel, Emergency Response Team (ERT) and maintenance personnel to assist highway users.
No Lane Closure From 18th April to 1st May
“To ensure the journey on the highway is smoother and more comfortable, PLUS will also temporarily halt the upgrading and maintenance works on the highway from 18th April to 1st May. During the period, no lane closures will be implemented. However, in the event of emergency and critical repair work cases, lane closures should be carried out for the safety of highway users during the festive season,” said Datuk Zakaria.
Traffic Updates and Communication
Highway users can get the latest traffic updates during the festive season on PLUS-operated highway through multiple communication channels such as Twitter @PLUStrafik or twitter @LPT2trafik, the PLUS App, PUTRI Chatbot, radio stations and Variable Message Signs (VMS).
UEM EDGENTA SHARES THE BLESSING OF RAMADAN WITH THE COMMUNITIES ACROSS THE COUNTRY THROUGH ITS ‘JALINAN KASIH’ CSR PROGRAM
KUALA LUMPUR, 10 April – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”) has again exemplified its commitment towards the community during the holy month of Ramadan through its “Jalinan Kasih Edgenta Ramadan” programme.
Altogether, the month-long community outreach touched the lives of more than 2,000 individuals across various states nationwide. The programme started with donations of essential food, grocery vouchers and cash contributions to over 475 asnaf families at various locations where the Company operates. The outreach began from Masjid Ar Rahah in Bangsar South and progressed subsequently to PPR Pantai Ria in Bangsar and to selected mosques in Perak, Penang, Kedah, Terengganu and Perlis respectively.
The programme continued with a raya shopping treat to AEON in IOI City Mall, Putrajaya with orphans from Rumah Bakti Nur Ain in Bangi, in preparation for Hari Raya Aidilfitri. The children beamed with joy when they were taken for a raya shopping treat, where they were able to browse through a wide selection of clothes and select their own set of clothing, as well as other necessities. Their meaningful day concluded with an “iftar” session at the Le Meridien Hotel in Putrajaya.
“As we celebrate this joyous and festive occasion, it is equally important to remember those unfortunate and ensure that they are not left behind, especially in ensuring the wellbeing of children. We must strive and alleviate the hardships of those in need by extending a helping hand. We can create a positive impact on their lives and inspire them to give back to the community in the future. Through acts of kindness and generosity, we can make a meaningful difference in the world and spread love and compassion to those around us. Let us use this festive occasion as an opportunity to reflect on our blessings and share them with those who are less fortunate, making their lives brighter and filled with hope,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
This year’s Jalinan Kasih Edgenta Ramadan programme ended on a high note with the distribution of the delicious “bubur lambuk” to more than 800 motorists at the Sungai Buloh R&R area along the North-South Expressway.
UEM SUNRISE SURPASSES THE RM1.2 BILLION SALES TARGET FOR THE YEAR 2021
KUALA LUMPUR, 28 January 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) exceeded its RM1.2 billion sales target for the year 2021, selling 1,595 units and hitting RM1.46 billion in sales despite the pandemic and less new launches.
Developments in the Klang Valley including Residensi Ava in Kiara Bay and Residensi Allevia were the main contributors, with sales value of RM438.4 million and RM215.7 million respectively constituting 45% of UEM Sunrise’s total sales. The Central region developments make up 71% of the total sales while the remaining is contributed by the Southern region products. For Southern region, Senadi Hills (Phase 1) came out tops with RM109.8 million worth of properties sold for the year.
For the year 2021, UEM Sunrise maintained a conservative outlook amidst the ongoing Covid-19 pandemic and the Movement Control Order, launching only 40% of the total product Gross Development Value (“GDV”) of the RM1.2 billion target set at the beginning of the year.
“We have improved significantly on our sales compared to 2020 when we achieved RM1.13 billion. Despite our targeted and laser-focused launches, subdued consumer sentiment and tightened lending protocols for the last year, we did very well in surpassing our sales targets proving that customers believe in the quality and value of our products, and that this Company is on the path of recovery,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
Owing its successes to the Chinese New Year ‘Must Cari Ong’ campaign and the Happy Chase Virtual Live Show, the Government’s Home Ownership Campaign 2.0 which ended December 31 last year also saw a bump in sales. Sales in the month of December saw an approximate surge of 2.5 times in comparison to its total sales in November 2021.
For this year, UEM Sunrise is announcing an increased sales target of RM1.5 billion with plans to launch projects worth RM3.3 billion in GDV, totalling 3,526 units. This includes activating the 1.3-acre site in Collingwood, Melbourne, acquired back in 2020 to launch a mixed-development project with an estimated GDV of AUD250 million.
In an aggressive launch pipeline centered on the second half of 2022, the Company will continue to launch new phases of existing sought-out projects namely Serene Heights Bangi as well as Senadi Hills and the Aspira-themed products in Iskandar Puteri, with plans to also unveil new projects to the market. This includes a new mixed-use transit-oriented development on the 6.86-acre land adjacent to the Taman Connaught MRT station in Cheras and a new mixed integrated high-rise development in Mont’Kiara, code-named MK 31. Further details of these new developments will be shared in due course.
“UEM Sunrise will continue to listen to market demands and respond with a range of relevant and quality products at the right locations, built with sustainable practices and designs, all packaged with value that is worth its price tag,” said Sufian.
He added that the Company has improved its performance in the second half of the year as the economy reopened following the National Recovery Plan after mitigating the Covid-19 pandemic with a successful vaccination programme. UEM Sunrise is also currently making up for the lost time in ensuring that construction is back on schedule after the closure of sites during the Movement Control Order.
“In the absence of the Home Ownership Campaign which we have anticipated, we will be banking on robust marketing campaigns, starting with the ‘Happy Duo Duo’ Chinese New Year campaign just launched two weeks ago which offers rewards and goodies to housebuyers.
"We are also ensuring that our products are priced accurately to meet the market demands while exploring ESG-driven and non-superfluous designs. 2022 will be the year that we rebuild our sales funnel after almost two years of living with the pandemic,” he said.
UEM Sunrise recently unveiled a three-pronged strategy – Triage (prioritising issues that need immediate attention and expediting launches), Stabilise (a transformation of how the Company organises its people, process and portfolio) and Sustain (diversifying the income stream for sustained revenue).
At the same time, the Company will also be making aggressive strides in putting the digital and sustainability agenda at its forefront. The Company has started putting in the building blocks of revamping the product innovation and design rigour to imprint a strong product DNA that can meet and exceed the design needs and the spatial flexibility issues as demanded by the market.
Following the increase in cost of building materials, specifically steel, concrete and cement, UEM Sunrise will be revamping its procurement strategy for better cost management, and to further its usage of tools such as Building Information Modelling to allow greater planning and visualization of the entire project during pre-construction.
The Company will continue to monitor the market to acquire strategically located landbanks particularly in the Central region for quick turnaround and new project pipelines. Efforts to divest non-strategic lands are also ongoing, in line with its landbanking portfolio rebalancing strategy.
UEM Sunrise’s unbilled sales stand at RM2.34 billion as of December 31, 2021.
PLUS REINSTATES SMARTTAG LANES MINISTRY OF WORKS, MALAYSIAN HIGHWAY AUTHORITY & PLUS ALIGN TO RESOLVE HIGHWAY CUSTOMERS' GRIEVANCES
First and foremost, PLUS Malaysia Berhad (PLUS) wishes to apologise to all its highway customers for the inconvenience caused as a result of the congestion during the initial implementation of the 2nd Public Pilot RFID along the NSE from Juru to Skudai on 15 January 2022. The RFID project is in line with the Intelligent Transportation System (ITS) blueprint by the Ministry of Works towards a congestion free Multi-Lane Free Flow (MLFF) highway eco-system.
In a recent meeting with the Senior Minister of Works, Dato Sri Hj Fadillah Haji Yusof and the Director General of the Malaysia Highway Authority, Dato Ir Mohd Shuhaimi Hassan together with the top management of PLUS, YB Dato Sri Hj Fadillah raised his concern on the public’s grouses in relations to the initial RFID implementation and the removal of the SmartTag lanes at certain toll plazas.
PLUS has proactively identified areas of improvement with the steer and guidance from the YB Dato’ Sri Fadilah and has assured the Government that the highway technological enhancement will lead to a better and improved customer experience.
The proactive steps are fully aligned with the Prime Minister’s YAB Dato Sri Ismail Sabri Yaakob’s, announcement that the RFID solution is an option for the rakyat in terms of their toll payment choices.
The RFID option has co-existed with the SmartTAG and Touch ‘n Go payment options in most open toll highway networks since 2018 serving over 1.5 million existing RFID customers and on 15th January 2022, PLUS introduced it along its highway as an additional payment option to others who wish to travel inter-state.
As PLUS acknowledges the inconvenience caused to its highway customers during the initial RFID implementation along its Juru to Skudai stretch, it is fully committed to improving its overall highway customer experience through the following areas of improvements:
- Reinstating SmartTAG Lanes
PLUS has identified key toll plazas to reinstate SmartTAG lanes to address grievances by SmartTAG users and manage traffic at the toll plazas. PLUS is committed to reinstate 16 toll plazas with 19 Touch ‘n Go lanes into SmartTAG lanes by 25th January 2022 is being selected in antipication of the Chinese New Year travel exodus. Subsequently post CNY, on 19th February, an additional of 18 more toll plazas will convert its 24 lanes to SmartTAG lanes. - Enhancing System Performance
PLUS have committed teams to work around the clock on the ground to optimize system performance and sharpen detection at all toll plazas. Quicker “double arm” lane barriers will also be deployed at plazas with high traffic to ensure traffic will be able to be managed and cleared quickly. Additionally, to assist our highway customers, visual RFID detection zones will be painted on the lanes to ensure customers are able to position their vehicle to ensure optimum detection. - Deployment of On-the-Ground Personnel
PLUS have assigned customer service assistants (CSAs) at all 158 RFID lanes across 74 toll plazas to assist customers who are stuck at the lanes using portable detection devices. - Strategic fitment centers for RFID tag fitment and replacement
There are 24 FCs established on PLUS highway and 35 at locations outside PLUS highways. The full list of FC can be obtained here and updated from time to time https://rfidregister.touchngo.com.my/fitment-centres. Customers experiencing detection issues at PLUS highways will receive a Touch N Go coupon from our CSA and can proceed to the nearest fitment center for assessment and Touch N Go will replace the tag for FREE if found faulty. PLUS will continue to work with Touch N Go to increase the number of RFID fitment centers (FC) to ensure proper tag fitting by a professional fitment agent is available to customers
For information on PLUS Malaysia Berhad please visit PLUS' official website, www.plus.com.my and PLUS Malaysia's social media platform including @PLUSTrafik Twitter, Facebook and PLUS App. For detailed information on the location of the Touch 'n Go RFID tag installation, highway customers can visit the Touch 'n Go portal at http://www.touchngo.com.my .
UEM SUNRISE STARTS 2022 WITH A BANG WITH THE OFFICIAL OPENING OF THE KAIA HEIGHTS SHOWCASE
KUALA LUMPUR, 19 January 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, has officially opened the KAIA Heights Showcase, featuring the exclusive hilltop high-rise residence in Equine Park, Seri Kembangan which comes with multiple acreage of preserved nature, multi-generational landscaping, and other exciting facilities.
Situated on an elevated plateau surrounded by Persiaran Equine Perdana and Jalan Equine, each unit in the 19.24-acre development boasts unobstructed breathtaking views of either the Kuala Lumpur City skyline, Bukit Jalil, or the Ayer Hitam Forest Reserve.
The makers of KAIA Heights include a portfolio of award-winning architects, interior, and landscape designers, placing emphasis on the development’s three-generation living concept, where residents can Recapture the liveliness of outdoor adventures; Replenish after a hectic workday; and Restore the body, mind and soul of our golden generation with ample fresh air and green sights.
Surrounded by lush natural greenery, KAIA Heights provides six acres of preserved nature and eight acres of landscape and facilities that cater to multi-generational families looking for tranquil living. It is nature living at its best despite situated just minutes away from the various amenities Seri Kembangan has to offer.
Residents of KAIA Heights will be able to do their shopping AEON Mall Taman Equine and Giant Seri Kembangan. Alice Smith and Rafflesia International Schools are also within quick reach.
KAIA Heights is near to main highways including the Damansara-Puchong Expressway (LDP), Maju Expressway (MEX), South Klang Valley Expressway (SKVE) and the Bukit Jalil Highway and just around 1.6km drive to the upcoming Taman Equine MRT station.
Limited to 10 units per floor, the low-density KAIA Heights is built in two developmental phases where each phase consists of two towers, housing approximately 30 storeys each. With a starting price of RM567,800, the built-up areas of each unit range between 972 sqft to 1,437 sqft in the first phase, with some units equipped with an extra space which can be converted to a home office, mini gym or kids play area.
KAIA Heights also comes replete with facilities including a futsal court, a basketball court, a 1.2km jogging trail, a multi-purpose hall/badminton court, a gym, three different pools, a BBQ pavilion multi-generational play area, within the eight acres of area. KAIA Heights seeks to promote an active lifestyle for its residents whilst surrounded by nature.
With KAIA Height’s exclusive and strategic location along with its attractive amenities as well as its attainable price tag, the upcoming residential development is an easy-entry home for first-time homeowners including families of all generations – small and large, the young and the elderly.
UEM Sunrise Chief Executive Officer Sufian Abdullah said that KAIA Heights, is designed to inspire joyful living experiences with the desire to provide spaces for residents to find greater quality of life for themselves and their families at the heart of it all.
"This family-oriented development is built with an abundance of green spaces, blended recreational facilities, providing avenues for active lifestyle while offering easy access to numerous healthcare facilities, educational and retail hubs. The low-density environment adds to the value, liveability, and attractiveness of KAIA Heights, thus making KAIA Heights suitable for first time home buyers, upgraders, as well as couples with young families,” added Sufian.
“UEM Sunrise fully understands the need for an inclusive community, which is why the recreational facilities and facilities are multi-generational in nature, making it attractive to senior residents and extending the ability to provide secure and comfortable homes beyond the nuclear family,” he added.
KAIA Heights is currently Green-RE silver-certified. It uses non-toxic, ethical, and sustainable materials and harnesses rainwater for irrigation. The development also conserves almost 40% of the existing forestry surrounding the site, utilises compost recycled from horticulture waste, and is designed without air wells for better ventilation. UEM Sunrise is also working with Universiti Putra Malaysia on planting various species of trees native to the Ayer Hitam Forest Reserve around the development.
The estimated completion date of the first phase is targeted for the first quarter of 2025. The entire development will accommodate 924 units with an average of 48 units per acre. Despite the exclusive hilltop development, construction will be undertaken with adherence to the strictest safety standards, retaining the elevated land levels and clearance of at least 14m in building setback.
KAIA Heights is also a part of UEM Sunrise’s ‘Happy Duo Duo’ Chinese New Year Campaign launched last week. Deriving from the expression “Twice the Joy, Double the Happy” which also aligns with the Company’s ‘Find Your Happy’ tagline, the campaign seeks to revitalise the joy of spending time with loved ones, family and friends and appreciate them for who they are during the festive season. Lucky draw prizes and special discounts are up for grabs for those who sign their SPAs with featured developments.
The public can call 1800 88 8008 to book an appointment to view the show unit at the KAIA Heights showcase in Equine Park, Seri Kembangan. The public can find their way to the showcase by searching for ‘KAIA Heights’ on Waze or Google. Visit uemsunrise.com for more information about the exciting development.
UEM Sunrise Chief Executive Officer, Sufian Abdullah presented KAIA Heights and its attractive offerings to the members of the media during the KAIA Heights Media Briefing at its showcase in Seri Kembangan on Wednesday morning.
UEM Sunrise sales and marketing team accompanied by Chief Operations Officer (Central) Liong Kok Kit (back row, third from the right) gave the members of the media a tour of one of KAIA Heights’ show units. With a starting price of RM567,800, the built-up areas of each unit range between 972 sqft to 1,437 sqft in the first phase, with some units equipped with an extra space which can be converted to a home office, mini gym or kids play area.
(From left to right) UEM Sunrise Chief Operations Officer (Central), Liong Kok Kit; Chief Executive Officer, Sufian Abdullah; and Chief Marketing Officer, Kenny Wong fielding questions from members of the media during the Q&A session after a tour of KAIA Height’s show units.
UEM Sunrise sales and marketing team gave the members of the media a tour of KAIA Height’s overall scale model. The 19.24-acre development sits on an elevated plateau surrounded by Persiaran Equine Perdana and Jalan Equine, with each unit boasting unobstructed breathtaking views of either the Kuala Lumpur City skyline, Bukit Jalil, or the Ayer Hitam Forest Reserve.
(From left to right) UEM Sunrise Chief Operations Officer (Central), Liong Kok Kit; Chief Executive Officer, Sufian Abdullah; and Chief Marketing Officer, Kenny Wong fielding questions from members of the media during the Q&A session after a tour of KAIA Height’s show units.
(From left to right) UEM Sunrise Chief Financial Officer Siew Chee Seng; Chief Marketing Officer, Kenny Wong; Chief Executive Officer Sufian Abdullah; Chief Operations Officer (Central), Liong Kok Kit; and Chief Development Officer Mardiana Rahayu Tukiran posed for a group photo in front of the overall KAIA Heights scale model during the KAIA Heights Media Briefing on Wednesday morning.
(From left to right, front row) UEM Sunrise Chief Development Officer Mardiana Rahayu Tukiran; Chief Financial Officer Siew Chee Seng; Chief Marketing Officer, Kenny Wong; (back row) Chief Executive Officer Sufian Abdullah; and Chief Operations Officer (Central), Liong Kok Kit posed for a group photo at one of the show units during the KAIA Heights Media Briefing on Wednesday morning.
ENCOURAGING RFIA MIGRATION RECORDED AT PLUS HIGHWAY - PLUS WELCOMES CUSTOMERS' FEEDBACK FOR SERVICE IMPROVEMENT
PLUS Malaysia Berhad (PLUS) recorded an encouraging migration rate of 10% RFID transactions after its implementation on 15 January 2022 across the entire North-South Expressway over the weekend. PLUS wishes to thank our customers who have migrated to RFID as their toll payment of choice.
PLUS appreciates the feedback and public’s views on the congestion issue that arose at the toll plazas and are making improvements based on these feedbacks. It has doubled up the teams to assist customers at the toll plazas, as well as improving the visibility of directional signages to increase familiarity of RFID lanes. Highway customers are advised to ensure proper use of the lanes according to the guidance on the signage provided.
Highway customers who experience detection issues at the RFID lane need not worry as toll personnel will be on hand with a handheld device to scan the RFID tag. Should the tag still remain undetectable, a coupon for a full detection diagnostic at the nearest Touch ‘n Go fitment center will be provided. If the RFID tag still have detection issues after the test, Touch ‘n Go will replace the RFID tag for free.
Highway customers are welcome to provide feedback via the 1800-88-0000 PLUSLine and PLUS chatbot, P.U.T.R.I via the PLUS App, 24/7.
PLUS is hopeful with the increased RFID migration, which is in line with today's contactless payment digital lifestyle and use of e-Wallets, will bring about a smoother and more enjoyable travel experience.
For detailed information on the location of the Touch 'n Go RFID tag installation, highway customers can visit the Touch 'n Go portal at http://www.touchngo.com.my or download the RFID e-book at PLUS official website, www.plus.com.my and social media platforms including Twitter PLUSTrafik, PLUS Malaysia Facebook as well as PLUS App.
UEM SUNRISE KICKS OFF THIS YEAR'S CHINESE NEW YEAR CAMPAIGN WITH 'HAPPY DUO DUO' FILLED WITH JOY AND UNITY
KUALA LUMPUR, 13 January 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, has launched its annual Chinese New Year Campaign themed ‘Happy Duo Duo’ this year to celebrate the spirit of togetherness and joyfulness in the Year of the Tiger.
The Company’s ‘Happy Duo Duo’ Chinese New Year Campaign is inspired from the expression “Twice the Joy, Double the Happy” which aligns with the Company’s tagline ‘Find Your Happy’. The word “Duo Duo” meaning “more and more” is also a play of words symbolizing “22” ushering in the year 2022. The campaign seeks to revitalise the joy of getting together and spending time with loved ones, family, and friends safely as part of the new normal during this festive season.
“Customary to every Chinese New Year, we will celebrate happiness, the joy of coming together and being with our loved ones again, especially after almost two years of being in lockdown. This campaign celebrates and pays homage to the little Chinese New Year traditions that we hold so dearly,” said UEM Sunrise Chief Executive Officer, Sufian Abdullah.
Throughout the Chinese New Year campaign period, UEM Sunrise will be organising a series of digital activities, promotions and festive-themed videos that aim to highlight the spirit of togetherness. There are also plenty of goodies to be won for both homebuyers as well as the public.
Homebuyers who sign their SPAs by 22 March will automatically get to join the ‘Happy Duo Duo Book, Sign & Win’ contest to stand a chance to grab attractive prizes worth up to RM622,222 including kitchen appliances and electronic goodies. More benefits include free legal fees during the SPA signing and loan application and stamp duty exemptions for selected participating developments to further ease the homebuying experience. Specific goodies from featured developments also await lucky customers.
Featured developments include KAIA Heights, Serene Heights; Radia Bukit Jelutong; Allevia Mont’Kiara; Solaris Parq; and Residensi AVA, Kiara Bay in the Central region. Meanwhile, those in the Southern region include Senadi Hills; The Maris; Bayu Angkasa; Serassa Greens; Estuari Gardens; Teega Suites; Almãs Suites; Aspira ParkHomes; Aspira LakeHomes; Aspira Gardens; and Aspira Square. The Company’s developments in the Forest Heights township in Seremban are also up for grabs including Broadhill Residence, Begonia Forest Heights, Arden Hill, and Aster.
As part of the campaign’s efforts in encouraging sustainability and the tiger conservation efforts during the Year of the Tiger, UEM Sunrise will donate RM100 - capped at RM22,200 to support the Malayan Tiger conservation efforts for every completed participation at the ‘Send Happy Tiger Home Safely’ contest in the UEM Sunrise website. Simply answer eight ‘treasure hunt’-type questions and stand a chance to win a FUJIFILM Instax Mini 9.
“On top of celebrating happiness during this Chinese New Year, it is apt that we continue to forge ahead with our sustainability efforts, this time raising the awareness of tiger conservation initiatives in the country.
"It is widely known that the Malayan tigers left in the wild have been classified as an endangered species. Being a national symbol for our country, it is essential that we understand and make efforts to preserve them and their habitat, which is the C.H.I.E.F. way, an acronym of our core values, Caring, Honest, Involved, Enthusiastic, Fun-loving,” added Sufian.
Social media users could also join the fun in the ‘Happy Tiger Filter’ contest on Instagram where users record a selfie video or take photos with the campaign-themed filter as a Reel and share to win Grab vouchers.
The campaign duration starts 12 January and ends 22 March 2022.
Meanwhile, UEM Sunrise’s flagship creative retail space in Mont’Kiara, Publika Shopping Gallery, will host a Chinese New Year bazaar with more than 50 stalls selling festive goodies such as cookies, hampers, premium mandarin oranges gift boxes, apparels, and home decoration. The bazaar will run from 10 until 30 January 2022. There will be workshops such as Rainbow Calligraphy and Caricature during the weekends and the God of Prosperity walkabout on 23 and 29 January, as well as an 8-feet tall sculpture of the Happy Tiger mascot for insta-worthy shots.
Stay up to date with the latest news and find out more about UEM Sunrise’s ‘Happy Duo Duo’ Chinese New Year Campaign by visiting its Facebook (@UEMSunrise) and Instagram (@uem_sunrise) pages or visit uemsunrise.com/happyduoduo.
UEM Sunrise has officially launched its Chinese New Year Campaign called ‘Happy Duo Duo’. Inspired from the expression “Twice the Joy, Double the Happy” which aligns with the Company’s tagline ‘Find Your Happy’, the campaign seeks to revitalise the joy of getting together and spending time with family and friends safely as part of the new normal during this festive season. The word ‘Duo Duo’ meaning ‘more and more’ is also a play of words symbolizing ‘22’ ushering in the year 2022.
From 12 January to 22 March 2022, homebuyers who sign their SPAs during UEM Sunrise’s ‘Happy Duo Duo’ Chinese New Year Campaign will automatically get to join the ‘Happy Duo Duo Book, Sign & Win’ contest to stand a chance to grab attractive prizes worth up to RM622,222 including kitchen appliances and electronic goodies.
From 14 February to 22 March 2022, UEM Sunrise will donate RM100 - capped at RM22,200 to the Malayan Tiger Conservation Programme by MYCAT - for every completed participation in the ‘Send Happy Tiger Home Safely’ contest in the UEM Sunrise website as part of the campaign’s endeavours in encouraging sustainability and the tiger conservation efforts during the Year of the Tiger. Users can simply answer eight ‘treasure hunt’-type questions and stand a chance to win a FUJIFILM Instax Mini 9.
Social media users can also join the fun in the ‘Happy Tiger Filter’ contest on Instagram where users record a selfie video or take photos with the campaign-themed filter as a Reel and share to win Grab vouchers.
An artist’s impression of KAIA Heights in Taman Equine, Seri Kembangan. Located on an elevated plateau in Equine Park, each unit in the 19.24-acre development boasts unobstructed breathtaking views of either the Kuala Lumpur City skyline, Bukit Jalil, or the Ayer Hitam Forest Reserve. KAIA Heights is one of the participating developments in UEM Sunrise’s “Happy Duo Duo” Chinese New Year Campaign.
An artist’s impression of Aspira ParkHomes in Iskandar Puteri, Johor. The concept behind the freehold, gated and guarded development is self-sustainability where residents are encouraged to take up and enjoy urban farming and gardening as a community. Aspira ParkHomes is among the developments featured in UEM Sunrise’s “Happy Duo Duo” Chinese New Year Campaign.
(UEM EDGENTA) MORE LOCATIONS OPENING IN KLANG VALLEY FOR DIGITAL TRACKER REMOVAL
Kuala Lumpur, 9 January – QuickMed refers to the incident this morning where high volume of users were queueing at one of the Removal Centres to have their digital tracker removed upon the completion of their home quarantine period.
We would like to extend our sincere apologies to those involved and would like to inform that the matter was immediately resolved within 30 minutes of escalation.
With that, we would like to announce the opening of more Removal Centres (via our partner U.n.i Klinik) for digital tracker removal in the Klang Valley to provide faster and more convenient removal service.
These new locations will be fully operational beginning Tuesday, 11 January 2022 and will be open seven days a week from 9.00 a.m. to 5.00 p.m.
The new Centres in the Klang Valley are as follows:
U.n.i Klinik Bangi
B-G-03, Jalan Gerbang Wawasan 1, Bangi Gateway, Seksyen 15, 43650 Bandar Baru Bangi, Selangor
U.n.i Klinik Shah Alam
36, Jalan Zirkon E7/E, Seksyen 7, 40000
Shah Alam, Selangor
U.n.i Klinik Danau Kota
G-6, Pangsapuri Suite Danau Kota, No 1, Jalan 6a/6, Off Jalan Taman Ibu Kota, Taman Danau Kota, 53300 Kuala Lumpur
U.n.i Klinik Seri Pristana
E-1, 38, Jalan SP 11/3, Seri Pristana, 47000 Sungai Buloh, Selangor
U.n.i Klinik Kota Damansara
7-Ground Floor, Jalan Cecawi 6/19A,
Seksyen 6 Kota Damansara, 47810 Petaling Jaya, Selangor
U.n.i Klinik TTDI
10, Ground Floor, Jalan Tun Mohd Fuad 1, Taman Tun Dr Ismail, 60000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
U.n.i Klinik Semenyih
2, Ground Floor, Jalan Mutiara Rinching, 1, Taman Mutiara, Kampung Rinching Ulu, 43500 Semenyih, Selangor
U.n.i Klinik Cheras
80, Jalan Dwitasik, Dataran Dwitasik, 56000 Cheras, Wilayah Persekutuan Kuala Lumpur
U.n.i Klinik Telok Panglima Garang
No 1G, Jalan Indah 50, Kampung Medan, 42500 Telok Panglima Garang, Selangor
Please be informed that the waiting area for these clinics could be limited and our main office at UEM Edgenta Learning Centre located at 5, Jalan 51/217, Seksyen 51, 46050 Petaling Jaya, Selangor, remains operational at the same time.
For the complete list of all Removal Centre locations, please refer to the table below:
Lembah Klang
UEM Edgenta Learning Centre (UELC)
5, Jalan 51/217, Seksyen 51, 46050 Petaling Jaya, Selangor
U.n.i Klinik Bangi
B-G-03, Jalan Gerbang Wawasan 1, Bangi Gateway, Seksyen 15, 43650 Bandar Baru Bangi, Selangor
U.n.i Klinik Shah Alam
36, Jalan Zirkon E7/E, Seksyen 7, 40000
Shah Alam, Selangor
U.n.i Klinik Danau Kota
G-6, Pangsapuri Suite Danau Kota, No 1, Jalan 6a/6, Off Jalan Taman Ibu Kota, Taman Danau Kota, 53300 Kuala Lumpur
U.n.i Klinik Seri Pristana
E-1, 38, Jalan SP 11/3, Seri Pristana, 47000 Sungai Buloh, Selangor
U.n.i Klinik TTDI
10, Ground Floor, Jalan Tun Mohd Fuad 1, Taman Tun Dr Ismail, 60000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
U.n.i Klinik Semenyih
2, Ground Floor, Jalan Mutiara Rinching, 1, Taman Mutiara, Kampung Rinching Ulu, 43500 Semenyih, Selangor
U.n.i Klinik Cheras
80, Jalan Dwitasik, Dataran Dwitasik, 56000 Cheras, Wilayah Persekutuan Kuala Lumpur
U.n.i Klinik Telok Panglima Garang
No 1G, Jalan Indah 50, Kampung Medan, 42500 Telok Panglima Garang, Selangor
U.n.i Klinik Seri Pristana
E-1, 38, Jalan SP 11/3, Seri Pristana, 47000 Sungai Buloh, Selangor
U.n.i Klinik Kota Damansara
7-Ground Floor, Jalan Cecawi 6/19A,
Seksyen 6 Kota Damansara, 47810 Petaling Jaya, Selangor
Perlis
Edgenta Mediserve Sdn Bhd
Hospital Tuanku Fauziah
3, Jalan Tun Abdul Razak, Pusat Bandar Kangar, 01000 Kangar, Perlis
Negeri Sembilan
Klinik Dr. Kassim
No. 21G Jalan Telawi 1, Taman Sri Telawi, Paroi 70400 Seremban
Klinik Salam Nilai
No 8-G, Jalan Cempaka 4/1 Desa Cempaka 2, Putra Nilai, 71800 Nilai, Negeri Sembilan
Johor
Klinik Keluarga i-Sihat
No. 12, Jalan Serangkai 18, Taman Bukit Dahlia 81700 Pasir Gudang, Johor
Klinik Keluarga i-Sihat
No. 4 & 6, Ground Floor, Jalan Perjiranan 4/1, Bandar Dato Onn, 81100 Johor Bahru, Johor
Klinik Salam Muar
No 14, Jalan Indah, Jalan Sungai Abong, Taman Pertama Indah, 84000 Muar, Johor
Perak
Edgenta Mediserve Sdn Bhd
Hospital Raja Permaisuri Bainun, Ipoh, Off Jalan Ipoh, 30450, Perak, Malaysia
Edgenta Mediserve Sdn Bhd
Hospital Gerik, 33300 Gerik, Perak
Edgenta Mediserve Sdn Bhd
Hospital Taiping, Jalan Taming Sari, 34000 Taiping, Perak
Edgenta Mediserve Sdn Bhd
Hospital Seri Manjung, 32200 Seri Manjung, Perak
Edgenta Mediserve Sdn Bhd
Hospital Slim River, 35800 Slim River, Perak
Pulau Pinang
Edgenta Mediserve Sdn Bhd
Hospital Pulau Pinang, Jalan Residensi, 10990 George Town, Pulau Pinang
Edgenta HTeC (Juru)
No 33, Lorong Beringin 2, Taman Industri Beringin, Simpang Ampat, Penang
Kedah
Edgenta Mediserve Sdn. Bhd
Kompleks, No. 222, Jalan Shahab 4, Shahab Perdana, 05150 Alor Setar, Kedah
Edgenta Mediserve Sdn Bhd
Hospital Langkawi, Jalan Padang Matsirat, Bukit tekuh, 07000 Langkawi, Kedah
Kelantan
Klinik Primer Cherang
No 1702/1703/1704, Jalan Hospital, 15200 Kota Bharu, Kelantan
Melaka
Poliklinik As Syifa'No 6, tingkat bawah, Jalan Kerambit 1, bandar baru, 76300 Sungai Udang, Melaka
Pahang
Klinik As Salam
No B42-B44 GF, Jalan IM 7/5, Bandar Indera Mahkota, 25200 Kuantan, Pahang
Klinik Sulaiman
26 & 28, Jalan Pak Sako 4, Taman Kenangan, 28000 Temerloh, Pahang
Terengganu
Klinik Safwa Bukit Payong
LOT 4948 (NO A-20), KEDAI, Jalan Taman Tasek, 21400 Bukit Payong, Terengganu
Uniklinik Kemaman
LOT 21864, Susur Chukai Utama 1, Taman Cukai Utama, 24000 Chukai, Terengganu
Those who have completed their quarantine period may proceed to the nearest Centre to have their digital tracker removed. No appointment booking is needed.
For further assistance, users may contact us through our channels below:
Hotline
03 3000 8856
WhatsApp
019 654 7181
019 654 7806
019 654 7907
019 654 8565
019 654 9361
E-Mail
support@quickmed.care
For more information and complete list of digital tracker removal locations, please visit www.uemedgenta.com/hqms.
(UEM SUNRISE) RADIA BUKIT JELUTONG TO BECOME THE NEXT BUSTLING STUDENT HUB WITH THE ENTRY OF NETHERLANDS MARITIME UNIVERSITY COLLEGE INTO ITS GROUNDS
SHAH ALAM, 4 January 2022 – A joint-venture company, of which UEM Sunrise Berhad (“UEM Sunrise”) and Sime Darby Property Berhad (“Sime Darby Property”) - two of Malaysia’s leading property developers, are part of - has penned a Memorandum of Understanding (“MoU”) with Netherlands Maritime University College (“NMUC”) to set up campus in Radia Bukit Jelutong.
With an expected enrolment of more than a thousand students, this will catalyse the new and modern township into becoming a bustling student hub, and a lively retail and commercial location.
Radia Bukit Jelutong was developed by Sime Darby Property Sunrise Development Sdn Bhd (“SDPSD” or the “Company”), the 50:50 JV company formed by UEM Sunrise and Sime Darby Property. The MoU was signed by UEM Sunrise Chief Marketing Officer Kenny Wong and Sime Darby Property Chief Operating Officer – Integrated Development Datuk Ir. Mohd Idris Abdullah representing SDPSD while NMUC was represented by its Executive Chairman Dato' Captain Razali Bin Yaacob.
Based on the MoU, NMUC will be taking up a total of 24 commercial units at Radia Bukit Jelutong with a Gross Development Value of RM 27.6 million under a special Rent-To-Own (“RTO”) scheme. With a built-up area of 34,358 sqft, the space acquired by NMUC spans from the seventh floor to the ninth floor of the block.
“With NMUC onboard, we’re anticipating a large number of students trickling into Radia grounds to enliven the space. NMUC is expected to be a huge crowd-puller; this will be a good way to increase footfall as the new semester approaches, and a great way to boost business operations within the premises,” says Wong.
"NMUC is a great addition to Radia in drawing in crowd and elevate the businesses here – incidentally making Radia a desirable location to kickstart business opportunities. We’re excited that NMUC is coming onboard with us and the vast opportunities it brings. We welcome and implore other business operators to grab this golden opportunity in giving value and take advantage of this growing community,” he added.
NMUC aims to enrol approximately over a thousand students during their opening semester, which aligns with the Company’s target to make Radia Bukit Jelutong a bustling centre not only for students, but for the surrounding communities in Shah Alam and Subang Jaya. Located within walking distance from two FIFA-standard football fields, Radia Bukit Jelutong also decks an array of cafés, F&B operators, a grocer, and other businesses.
Datuk Ir. Mohd Idris said, “We are pleased to welcome NMUC into their new home at Radia Bukit Jelutong and look forward to welcoming a much younger crowd to contribute to the social and economic developments in the area. The partnership will inject a breath of fresh air to the already matured township that can benefit a wide range of residents and business owners in Bukit Jelutong, one of Sime Darby Property’s best-planned townships in Selangor located conveniently along the Guthrie Corridor Expressway.”
The RM1.6 billion integrated development is one of the Company’s successful JV projects and has a gross area of 2.7 million sq ft, including serviced apartments with four acres of facilities and amenities. Radia Bukit Jelutong, which is designed by French architecture firm J+H Boiffils, comprises 640 units of serviced apartments, 400,000 sq ft of office space, and retail space totalling 880,000 sq ft.
Radia Residences, an intelligently designed serviced apartments, is the epitome of urban lifestyle. Built with sustainable features including energy-efficient lighting, water-efficient fittings, and rainwater harvesting systems, Radia Residences is pinned at a prime location with seamless accessibility and connectivity to multiple amenities including schools, hospitals, banks, mosques, and shopping centres, making it a premier spot to settle down.
(From left to right) The MOU was signed by Sime Darby Property Chief Operating Officer – Integrated Development Datuk Ir. Mohd Idris Abdullah and UEM Sunrise Chief Marketing Officer Kenny Wong; who represented SDPSD and NMUC Executive Chairman Dato' Captain Razali Bin Yaacob.
(From left to right) Sime Darby Property Chief Operating Officer – Integrated Development Datuk Ir. Mohd Idris Abdullah; UEM Sunrise Chief Marketing Officer Kenny Wong and NMUC Executive Chairman Dato' Captain Razali Bin Yaacob posed for a group photo. The MOU is expected to catalyse Radia Bukit Jelutong into becoming a bustling student hub, and a lively retail and commercial location.
(UEM EDGENTA) MEDIA STATEMENT: QUICKMED
Kuala Lumpur, 4 January – QuickMed wishes to inform that we are aware of the incident where an individual experiencing his RFID e-Bracelet (“e-Bracelet”) coming off within its 24 hours of installation.
We regret that this incident has occurred and we have immediately rectified the matter by sending over two technicians to the individual’s quarantine address and address the issue. We are happy to announce that the affected e-Bracelet is now operating as intended.
To date, Malaysian and non-Malaysian international travellers arriving in Malaysia from high-risk countries who have been approved to undergo home quarantine are mandated to wear the e-Bracelet throughout the duration of the seven-day period. They will be monitored through the Home Quarantine Management System (“HQMS”), to assist the national recovery efforts in containing further spreads of the new COVID-19 variant.
HQMS is integrated with GPS technology for real-time monitoring of patients who are required to undergo home quarantine under the Monitoring and Evaluation Order as stipulated by the Ministry of Health Malaysia (“MoH”). It consists of Radio-Frequency Identification (“RFID”) e-Bracelet and Covert Tracking Unit which will trigger alerts and notify authorities of any violations.
Our technology is 100% locally manufactured and has been deployed to over 31 countries including UAE, USA, Kuwait, Singapore, Brazil and Saudi Arabia. Since the HQMS system being deployed on 8 December 2021, only 25 incidences requiring further assistance (< 0.08%), of which swift rectification has been done by our technical team.
We would like to assure the public that our operational team will be readily available should such instances reoccur again.
As stated in the HQMS FAQs available here, users equipped with the e-Bracelet should contact 03 3000 8856 or email support@quickmed.care if they encounter any issues.
QuickMed, a digital healthcare solution of Edgenta NXT Sdn Bhd, is a subsidiary of UEM Edgenta Berhad under the Healthcare Solutions division that has been appointed to deploy the HQMS to travellers returning from high-risk countries and positive cases as assessed by COVID-19 Assessment Centres (“CAC”).
For more information, visit www.quickmed.care.
UEM EDGENTA BOOSTS NET PROFIT TO RM43.8 MILLION IN FY2021, DECLARES 3.00 SEN DIVIDEND
Summary of FY2021 Financial Results
- Revenue of RM2.3 billion
- Net profit of RM43.8 million
- Resumes dividend payout of a single-tier interim dividend at 3.00 sen per share
- Healthy net cash at RM167.8 million
- Contract wins in FY2021 stood at RM1.0 billion (approximately ~70% in healthcare support and ~55% from its international businesses)
Full Release: Kuala Lumpur, 24 February – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, boosted its reported net profit to RM43.8 million for the financial year ended 31 December 2021 (“FY2021”), compared to RM14.4 million in the previous year (“FY2020”), thus enabling the company to resume a single-tier interim dividend of 3.00 sen per ordinary share in FY2021.
For the year under review, the Company recorded a revenue growth of 13.0% to RM2.3 billion from RM2.0 billion previously. Normalised net profit in FY2021 expanded to RM57.7 million as compared to RM45.2 million in FY2020.
For the quarter under review (“Q4 FY2021”), the Company recorded a net profit of RM20.7 million on the back of RM699.2 million in revenue, compared to a net profit of RM8.7 million and a revenue of RM571.9 million in the previous preceding quarter (“Q3 FY2021”).
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said “Our Edgenta of the Future 2025 (“EoTF 2025”) strategy has served us well in 2021 by recalibrating priorities that will continue to help build a sustainable future for the Company. Our relentless focus in expanding our global footprint, disciplined approach in driving cost efficiencies and diversifying into new revenue streams have enabled us to finish the year strong and enter 2022 with future-proof foundation across our operations.”
"We are pleased to be able to resume our dividend payout this year, a testament of our promise to uphold our Company's dividend policy. In line with the dividend pay-out ratio policy of between 50% and 80% of the profit-after-tax and non-controlling interests (“PATANCI”), the Board has declared an interim dividend for the year in appreciation of the continuous support and trust from our shareholders. We will continue our commitment to provide sustainable returns,” he added.
During the year, UEM Edgenta secured new contract wins across multiple geographies, businesses and new sectors, totalling RM1.0 billion, amidst a challenging operating environment, with approximately ~70% in healthcare support and ~55% from its international businesses. Among the new wins were integrated facilities management services contract for Emirates Golf Club and Jumeirah Golf Estates in Dubai; soft services contracts for Taiwan Semiconductor Manufacturing Company in Taiwan, as well as for several hospitals across Singapore and Taiwan.
In spearheading the innovation and technology space, the Company has deployed a number of tech-enabled solutions and services during the year to support its clients, in particular the Ministry of Health Malaysia (“MoH”). These include the introduction of QuickMed and the RFID digital tracker as part of the Home Quarantine Management System (“HQMS”), to assist national recovery efforts in containing further spreads of the new COVID-19 variant.
"We believe our digital products and solutions have contributed to the safe and efficient management of the pandemic, leading to the lifting of various restrictions that have allowed our businesses to progress towards normalcy during the year. We will continue to find ways to innovate and support the Government in its fight against the pandemic, contributing to the further opening of the economy and international borders,” Syahrunizam said.
Additionally, the Company also rolled out its first digital ecosystem, Edgenta NXT, developed IoT-enabled solutions for asset owners such as SmartConnect and productising currently available technology solutions including the Road Asset Management System (“RAMS”) for highway maintenance operations.
On 2022 outlook, the Company remains cautiously optimistic with an anticipated gradual recovery towards a less restrictive COVID-19 operating environment.
"Staying resilient and agile have been central to our success. The Company will continue its efforts in cost optimisation and focus on operational excellence as well as delivering the projects in hand. We remain committed in executing our EoTF 2025 growth strategy with a strong focus on new products and solutions, expansion into new geographies and forging regional partnerships, and at the same time drive sustainability in our operating practices and business offerings,” he said.
Since the onset of the pandemic, UEM Edgenta has been leveraging on its expertise and capabilities in the healthcare support industry as part of its integrated healthcare solutions. The Company’s main performance contributor, its Healthcare Support Services (“HSS”) division registered a 19.4% increase in revenue from RM359.5 million in the previous quarter to RM429.2 million in Q4 FY2021 and a profit-before-tax of RM28.8 million compared to RM28.1 million in the preceding quarter. The division also recorded positive revenue growth of 16.2% from RM1.2 billion in FY2020 to RM1.4 billion in FY2021.
Syahrunizam also said that the Company’s strategy in expanding into the pandemic management solutions and digital healthcare delivery are gaining traction and contributing to the growth in revenue. In FY2022, the HSS division will continue to deliver on its existing contracts, while diversifying its solutions beyond traditional healthcare offerings to support the nation’s efforts in curbing the COVID-19 virus while ensuring peak efficiencies in all hospitals under the Company’s care.
As UEM Edgenta closed the year strong in FY2021 on the back of a market recovery, the Company will continue to focus on driving long-term resilience and sustainability anchored on a healthy orderbook and its EoTF 2025 vision. The Company is actively laying solid foundations across all businesses and remains steadfast in pursuing its growth plans through geographical expansion, new products & services, cost optimisation and tech-enabled solutions.
UEM SUNRISE BERHAD ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
KUALA LUMPUR, 23 February 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the financial year ended 31 December 2021 (“FY2021”). UEM Sunrise recorded a higher revenue of RM1.2 billion compared to RM1.1 billion for the financial year ended 2020 (“FY2020”) driven by higher construction progress and billings mainly from Residensi Solaris Parq in Dutamas, Aspira ParkHomes in Gerbang Nusajaya, Iskandar Puteri, Serene Heights Bangi and Kiara Kasih in Mont’Kiara in addition to inventory sales of Estuari Gardens in Puteri Harbour, Iskandar Puteri. The completion of the sale of several industrial plots in phase 3 of the Southern Industrial & Logistics Clusters to Pentagon Land Sdn Bhd in December 2020 also contributed towards FY2021 total revenue.
Property sales improved substantially to RM1.5 billion in 2021 compared to RM1.1 billion in 2020, reflecting a positive contribution to unbilled sales and creation of future revenue. 73% of the total property sales was from the collective performance of the Company’s top five properties driven by Residensi AVA in Kiara Bay which saw a significant surge of 347% compared to its sales performance in 2020, followed by Residensi Allevia in Mont’Kiara, Serene Heights Bangi, KAIA Heights in Equine Park, Seri Kembangan and Estuari Gardens. 71% of the total sales for 2021 was contributed by projects in the Central region, with the remaining 29% from Southern.
The Company recorded a loss after tax and non-controlling interests of RM214 million for FY2021 after making impairment provisions for its inventories as well as its assets and properties amounting to RM88 million. These provisions in particular have affected the Company’s margins in the fourth quarter of 2021. Excluding these impairment provisions, UEM Sunrise saw an improvement in operating expenses of 10% compared to FY2020 and an operating profit of RM4.6 million. Favourable contributions from its joint ventures & associates which saw an improvement in FY2021 of RM13 million compared to a loss of RM65 million in FY2020, were also insufficient to cushion operating loss. Note that these impairments have no effect on the Company’s cashflow position.
The current environment of prolonged COVID-19 pandemic and various lockdowns impacted the Company’s operations especially in the second half of the year after the positive movement in the market in the second half of 2020. This was triggered by the imposition of the full movement control order on 1 June 2021 which later transitioned into various phases of the National Recovery Plan or NRP. The environment also affected the market value of several assets and properties requiring these assets and properties to be written down to current market value, significantly affecting UEM Sunrise’s overall profitability. RM550 million worth of properties were launched in 2021 comprising new phases in Serene Heights Bangi and KAIA Heights Tower A and B, both developments in Central. Its unbilled sales as of 31 December 2021 is RM2.4 billion.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, “The circumstances revolving around the pandemic for the past two years have impacted our operations and the way we conduct business. UEM Sunrise was making progress in terms of recovery and was narrowing its losses in the first half of 2021 compared to the same period in 2020. However, the full lockdown imposed on 1 June 2021 compelled the Company to stop construction activities, cease operations of retail complexes and shut down sales galleries. Our product launches were delayed which resulted in only RM550 million worth of GDV launched in 2021”.
He continued, “Our biggest priority for now is to reinforce our product pipeline in making it resilient with a degree of product diversification catering to the current market environment. Plans to organise and systemise our affairs during this ‘Triage’ period are expected to progress until 2023; tackling issues relating to launches, cost efficiencies, prioritisation of projects with high capital outlays and value creations, among others. Hence, we target to launch a total GDV of RM3.3 billion in 2022”.
Touching on its property sales performance, “We are pleased to have exceeded our target of RM1.2 billion and are prepared to target a higher number in 2022 of RM1.5 billion, in line with what we achieved last year. Although we foresee challenges ahead and this includes the absence of the Home Ownership Campaign, the rise in prices of construction materials and the likelihood of an interest rate hike, we feel that property sales in general remains strong premised on our current sales bookings and the type of products we intend to launch this year. Improvements in buying sentiment are expected this year strengthening property sales as buyers continue to be on a lookout for properties leveraging on current property prices and low interest rate; while it still lasts. This is anticipated to improve our current RM2.4 billion unbilled sales, which should augur well for our profit and loss in the coming years”.
"We are also upbeat with Residensi AVA’s sales performance which is 91% sold to-date and look forward to launch the next phase in Kiara Bay. KAIA Heights’ sales are also progressing well alleviated further with the official opening of its sales gallery on 19 January this year. Furthermore, our latest sales campaign; Chinese New Year Duo Duo, which runs from 16 January to 22 March helps maintain interest as we have repackaged our sales incentives for selected products to cater to specific market segments. We will also be launching a product branding series that will cluster our products according to the customer profile, ensuring that there is something for everyone”.
On the Company’s plans in the immediate term, “Our landbanking portfolio rebalancing strategy remains intact. We have identified a few non-strategic lands for divestment this year and continue to source for new landbanks with quick turnaround to create new pipelines. Sustainability also remains a priority. We plan to entrench the ideology throughout the organisation in accordance with a sustainability blueprint aligning it with current global movements and sustainability plans detailed out under the 12th Malaysia Plan. Our gearing as of 31 December 2021 is still at a manageable level of 0.50x. We will try to improve on it over time”.
He further added, “The ‘Triage period’, a crucial part of our three-prong strategy, alongside Stabilise (reorganisation and transformation of our people, process and portfolio) and Sustain (income diversification for sustained revenue) is important for the Company’s performance recovery. The Company has started making great strides on its digital transformation journey with full adoption of Virtual Reality / Augmented Reality and the use of big data analytics to understand go-to-market and customer needs better. Rectification and improvements in key areas are critical for the next stage of the Company’s transformation into a balanced real estate player. Upon overcoming the current challenges, we will be in a better position to create elements to Stabilise and Sustain the Company’s performance”.
PLUS ENCOURAGES HIGHWAY CUSTOMERS TO ENTER HIGHWAY BEFORE 9AM FROM 4TH TO 6TH FEBRUARY ONWARDS
PLUS Malaysia Berhad (PLUS) "Pulang Ke Bandar" or return to Klang Valley Travel Time Advisory (TTA) advises all customers from north and south to enter the highway before 9:00 am for travels between 4th to 6th February 2022.
An increasing traffic trend was recorded on the second day of CNY (February 2nd) when the North-South Expressway saw a surge in traffic from all states. A similar traffic pattern is expected to be repeated this Saturday 5th February and Sunday 6th February as those taking extended off days and school holiday begin their journey back to the Klang Valley.
We urge the public to plan their safe journey home by following the TTA," said PLUS Chief Operating Officer, Datuk Zakaria Ahmad Zabidi.
PLUS has made preparations to ensure highway customers enjoy a comfortable return journey to the city. Among these are the deployment of additional PLUSRonda teams to assist those who may encounter problems with their vehicles. Through the collaboration with the Traffic Police (PDRM) and Road Transport Department (JPJ) for enforcement along the highway, arranging RELA teams to facilitate traffic management at toll plazas and rest areas as well as providing traffic information updates through various PLUS communication channels, these initiatives are aimed to provide assistance in case of eventualities.
"Make sure that your Touch 'n Go card or Touch 'n Go e-Wallet (for RFID transactions) balance is sufficient to enjoy an interrupted journey at the toll plazas and always adhere to the Covid-19 prevention SOPs at the R&Rs as well as lay-bys. Do use travel apps such as Waze or Google Map to pre-emptively plan your route to avoid traffic congestion along the highway," added Datuk Zakaria.
Access to the latest highway news, traffic situation across the multiple PLUS Malaysia social media platforms such as Twitter, Instagram, Facebook, LinkedIn, YouTube and website www.plus.com.my as well as via the PLUS App, which will help in one’s journey planning.
YANG DI-PERTUAN BESAR NEGERI SEMBILAN BERKENAN MELANCARKAN SAMBUTAN JUBLI EMAS CIMA DAN SISTEM PEMULIHAN HABA SISA BERNILAI RM120 JUTA
BAHAU, 31 Mac 2022 – Sambutan ulangtahun ke-50 Cement Industries of Malaysia Berhad (CIMA) dan upacara pecah tanah sistem Pemulihan Haba Sisa yang bernilai RM120 juta milik syarikat tersebut telah disempurnakan pada hari ini oleh DYMM Yang di-Pertuan Besar Negeri Sembilan, Tuanku Muhriz ibni Almarhum Tuanku Munawir.
Turut hadir di majlis tersebut adalah YAB Dato’ Seri Haji Aminuddin Harun, Menteri Besar Negeri Sembilan; YB Dato’ Dr. Razali Ab Malik, Setiausaha Kerajaan Negeri Sembilan; Zaiviji Ismail, Pengerusi CIMA; Sharuddin Omar Hashim, Pengarah Urusan CIMA dan Dato’ Mohd Izani Ghani, Pengarah Urusan UEM Group Berhad (UEM Group).
CIMA, pengeluar simen kedua terbesar di Malaysia dan satu-satunya syarikat berkaitan Kerajaan atau GLC yang beroperasi dalam sektor pembinaan huluan negara, telah ditubuhkan pada 31 Mac 1972 di mana kilang pertama syarikat telah dibangunkan di Bukit Ketri, Perlis pada 1973 sebelum kemudiannya melebarkan sayap ke Bahau, Negeri Sembilan pada 1996.
Zaiviji Ismail berkata tatkala CIMA genap berusia 50 tahun pada tahun ini, Syarikat tersebut berhasrat untuk terus memainkan peranan proaktif dan menerajui industri dalam usaha kelestarian alam sekitar serta memperkukuhkan penerapan amalan Alam Sekitar, Sosial dan Tadbir Urus atau ESG dalam segenap aspek operasi Syarikat.
"Pelaburan kami yang berjumlah kira-kira RM120 juta bagi membangunkan sistem pemulihan haba sisa di kilang Bahau ini merupakan manifestasi komitmen CIMA untuk terus beroperasi secara lebih mampan. Teknologi hijau ini, yang dijangka siap menjelang tahun 2024 akan menjimatkan kira-kira 30% penggunaan eletrik dan mengurangkan pelepasan karbon dioksida sebanyak 24% (bersamaan 60,580 tan) setiap tahun di kilang tersebut,” jelas beliau.
Beliau turut menambah bahawa sejak 2014, CIMA telah menggunakan sistem pembakaran bahan api alternatif di kilang Bahau yang dibangunkan menggunakan teknologi dari Jepun bagi mengurangkan jejak karbon. CIMA merupakan pengeluar simen pertama di Malaysia yang memanfaatkan teknologi tersebut.
CIMA, anak syarikat penuh milik UEM Group, telah bekerjasama dengan pelbagai pihak untuk mencorak lanskap infrastruktur negara. Produk simen dan konkrit serta kepakaran teknikal CIMA telah dimanfaatkan bagi menjayakan pembangunan projek infrastruktur terkemuka dalam negara, termasuklah Jambatan Sultan Abdul Halim Mu’adzam Shah di Pulau Pinang, sistem pengangkutan LRT dan MRT di Lembah Klang dan yang terkini, Menara Merdeka 118 di Kuala Lumpur.
Pengarah Urusan CIMA, Sharuddin Omar Hashim menjelaskan bahawa CIMA komited untuk terus menyediakan produk inovatif, berkualiti tinggi dan dipercayai bagi membantu merealisasikan visi infrastruktur Malaysia.
"Kami akan terus menambahbaik dan mengembangkan lagi operasi syarikat. Pelbagai usaha transformasi dan inovasi telah dimulakan termasuklah inisiatif Transformasi Digital dan Kilang Pintar yang bertujuan untuk memastikan CIMA kalis masa hadapan dalam mendepani keadaan pasaran yang berubah dengan pantas. Berbekalkan strategi jangka masa panjang, komitmen berterusan terhadap kecemerlangan operasi, tumpuan ke atas ESG dan menerusi hubungan baik dengan pelbagai pemegang taruh, CIMA akan terus mengorak langkah dan memainkan peranan penting dalam memacu usaha pembinaan negara bangsa di Malaysia,” ujar Sharuddin.
CIMA pada hari ini memiliki 936 orang kakitangan dan kapasiti pengeluaran tahunan sebanyak 7.2 juta tan metrik di mana 4.6 juta tan metrik setahun dikeluarkan di Bahau, Negeri Sembilan. Produk keluaran CIMA dipasarkan di seluruh negara dan sepuluh peratus (10%) daripada pengeluaran mereka, terutamanya produk hijau dieksport ke Singapura.
(PLUS) WHAT YOU NEED TO KNOW ABOUT THE MALAYSIA-SINGAPORE BOARDER TOLL FARE WAIVER
Toll fare waived at land border crossing toll plazas between Malaysia & Singapore at Bangunan Sultan Iskandar and Tanjung Kupang Toll Plazas only - Highway customers are required to touch their Touch ‘n Go card at the reader at the toll lane for travel record, no toll payment will be deducted.
Speaking about the border reopening and the border toll fee waiver, Datuk Azman Ismail, Managing Director of PLUS Malaysia Berhad (PLUS) lauded the Government’s move and said “We look forward to welcoming fellow Malaysians home and friends from Singapore with open arms. PLUS is committed in doing everything we can to help make their journeys to and around Malaysia as safe, seamless and enjoyable as possible.”
As announced by the Government recently, come April 1st 2022, highway travellers can enjoy a weeklong toll fee waiver at border toll plazas at Bangunan Sultan Iskandar (at the Johor Bahru Causeway) and at Tanjung Kupang (on Linkedua highway). The toll-waiver for these two border points will last for one week from April 1st to April 7th, 2022 for all in-bound and out-bound travels.
PLUS anticipates that there will be a surge in traffic at several locations along the highway stretches due to the reopening of the border and the start of Ramadan. As such, PLUS has made the necessary preparations to help customers enjoy safer, smoother and more convenient travel on the highway, at the toll plazas and the rest areas. When stopping at the rest areas, please adhere to the Covid-19 prevention SOPs.
TO ASSIST TRAVELLERS DURING THEIR JOURNEY, PLUS SHARES SEVERAL TOPTIPS FOR TRAVELLERS AT THE BANGUNAN SULTAN ISKANDAR (JOHOR BAHRU CAUSEWAY) AND TANJUNG KUPANG TOLL PLAZA (LINKEDUA HIGHWAY):
- The toll waiver is only applicable at Bangunan Sultan Iskandar (Johor Bahru Causeway) and Tanjung Kupang (Linkedua Highway) toll plazas in Johor.
- The toll waiver period will last for one week, from April 1st to April 7th, 2022.
- Kindly ensure that you have checked your toll gateway payment devices such as the Touch ‘n Go Card or SmartTAG.
- Slow down when approaching the toll gate because while the toll fees at ‘Bangunan Sultan Iskandar’ and ‘Tanjung Kupang’ are waived, customers are still required to touch their Touch ‘n Go card at the readers provided at both toll plazas to allow PLUS to record traffic data as required by the authorities.
- Please adhere to all border control SOPs
- If you plan to travel further beyond both toll plazas, please ensure that you have enough balance for your travel through other tolled highways in Malaysia by topping-up your card.
- As there will be more vehicles on the highways, PLUS has increased the number of Customer Service Assistants at both border toll plazas to assist our customers.
UEM SUNRISE ACHIEVES 75% TAKE UP RATE LAUNCH OF FINAL PHASE OF ASPIRA GARDENS
ISKANDAR PUTERI, 29 March 2022 – In yet another expansion of its portfolio of sustainability-driven products, UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, unveils its final phase of Aspira Gardens to a take-up rate of 75% even before launch over the weekend.
The overwhelming response to Phase 2 despite the Covid-19 pandemic is a further testament to the popularity of the Company’s Aspira-themed offerings in Iskandar Puteri, Johor, of which the first phases of Aspira Gardens have been fully taken up since its December 2019 launch.
Nestled in the upcoming greenfield township of Gerbang Nusajaya and with only 118 units of stratified double-storey cluster homes and semi-detached homes, Aspira Gardens is the first low-density residential enclave in Johor that is designed to be solar panel-ready and utilises solar-powered street lights.
It is a premium freehold development built with the concept of a multi-generation home, designed for smart and secure living. The RM107 million Phase 2 of Aspira Gardens is expected to be completed in Q1 2025.
With a selling price which starts at RM763,000 and a built-up area of 2,608 sqft onwards, consisting of 4+1 bedrooms and five bathrooms, Aspira Gardens is thoughtfully designed to accommodate comfortable living spaces large enough for multi-generational families. The bedroom on the ground floor comes with elderly-friendly features such as wider doors to bedrooms and en-suite bathrooms. Its ground floors are also equipped with ramps for those on wheelchairs.
"Riding on our momentum of building relatable and relevant products for today’s homeowners in Johor and their varying needs, we are proud to see the continued positive response from our customers for our latest product despite the Covid-19 pandemic and soft market. Their fervent support bodes well as the Company's first launch of the year,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
He added: “With news of our borders opening up again to international visitors, we are optimistic that can also contribute to the property market’s expected recovery this year.”
Aspira Gardens is no different from the rest of the Aspira products in its aspirations of greener developments. Apart from being solar panel-ready, it is finished with low Volatile Organic Compound (VOC) paints, equipped with water-efficient fittings, rainwater harvesting system for certain unit types and a common recycling centre to encourage eco-friendly practices among its residents.
Aspira Gardens is a gated community equipped with a 24-hour CCTV at the entry point along with 24/7 security patrol, allowing residents to interact and participate in neighbourhood activities with peace of mind. Its eco-friendly community space is designed to create and encourage a healthier lifestyle featuring communal facilities such as a treehouse-style playground, a jogging trail, open greenery spaces and various recreational equipment dotted around the residential precinct.
Due to its stone’s throw location to the borders of Singapore, the freehold residential development could not be any more perfect for those who commute to the city-state daily via the Second Link Expressway, especially after the new Gerbang Nusajaya Road Interchange opens for use soon.
Residents of Aspira Gardens can enjoy convenient access to its commercial hub, Aspira Square in addition to major hotspots, including LEGOLAND Malaysia Resort, Mall of Medini and Gleneagles Medini Hospital for medical needs. Puteri Harbour, which is further down the streets of Iskandar Puteri, offers a variety of dining and retail hubs with breathtaking views along the Straits of Johor.
The 12.87-acre residential development is also just a 5km drive to EduCity Iskandar, the educational hub of Iskandar Puteri. World-class institutions like Newcastle University Medicine Malaysia, Raffles University, and the University of Reading Malaysia are a few that have established their campuses within EduCity Iskandar.
Aspira Gardens is the latest piece of the puzzle to complete UEM Sunrise’s masterplanning of the Gerbang Nusajaya 4,551-acre township, which was first unveiled to the public with Aspira LakeHomes back in 2016.
For more information about Aspira Gardens and its offerings, visit uemsunrise.com or the Gerbang Nusajaya sales gallery located within Mall of Medini.
An artist’s impression of Aspira Gardens Type B. It is the first low-density residential enclave in Johor that is designed to be solar panel-ready and utilises solar-powered street lights.
An artist’s impression of Aspira Gardens Type C. It is thoughtfully designed to accommodate comfortable living spaces large enough for multi-generational families including elderly-friendly features in the bedroom on the ground floor
An artist’s impression of a treehouse-style playground, one of Aspira Gardens’ eco-friendly communal facilities for its residents.
An artist’s impression of a bird’s eye view of Aspira Gardens Phase 2. The residential development is a gated community equipped with a 24-hour CCTV at the entry point along with 24/7 security patrol, allowing residents to interact and participate in neighbourhood activities with peace of mind.
Members of the public taking a peek at the scale models of Aspira Gardens at the Gerbang Nusajaya sales gallery during the official launch of Aspira Gardens Phase 2 over the weekend.
UEM SUNRISE ENERGIZES THE KL COMMUNITY AT HAPPY SPACE LOT 149
KUALA LUMPUR, 24 March 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, livened up the streets of the Kuala Lumpur city centre at the Company’s Happy Space Lot 149 during the KL Car-Free Morning in conjunction with International Day of Happiness last Sunday.
Located next to W Hotel at the junction of Jalan Ampang and Jalan P. Ramlee and adjacent to Kuala Lumpur City Centre, Lot 149 was activated into a literal ‘Happy Space’. It became a hive of activity for goodie giveaways, including refreshments and merchandise to those passing by. In addition to adding a splash of colour by contrasting Malaysia’s natural beauty to the concrete jungle of Kuala Lumpur, the mural panels along Happy Space Lot 149 also seek to raise awareness on environmental conservation through street art.
Happy Space Lot 149 is one of UEM Sunrise’s vibrant venues under its Happy Space initiative, which aims to be an agile and flexible space for the community to interact and engage with. The Company’s event last Sunday was also to support the KL Car-Free Morning, Kuala Lumpur City Hall’s (DBKL) green initiative in promoting a healthier lifestyle among its city-goers and reducing carbon emissions as well as aligning with the United Nations Sustainable Development Goals.
Much like the Company’s recently unveiled art initiative titled “K’Artulistiwa”, Happy Space also seeks to form a closer bond with the communities surrounding its developments, aligning with its philosophy of creating joyful spaces. Plans are underway to expand Happy Space to the Company’s various vibrant venues in its Central and Southern developments.
"Since the Covid-19 pandemic has affected our country for the past two years, we wanted to do something exciting for this year’s International Day of Happiness, so we worked closely with DBKL to organise an activity space at our Happy Space Lot 149 to be closer with the city-goers in addition to showing our support for KL Car-Free Morning,” said UEM Sunrise Chief Executive Officer, Sufian Abdullah.
"Seeing the number of people who came for the KL Car-Free Morning was very reassuring. Regardless of whether they ran, walked, or cycled, the event was lively and full of energy. UEM Sunrise is proud to be a part of this wonderful initiative in getting people together to explore the KL downtown on foot or on bicycles, where they would ordinarily only watch buildings go by from the comfort of their cars or public transportation,” he added.
Happy Space pays homage to UEM Sunrise’s tagline, ‘Find Your Happy’, which was unveiled back in 2020 to encourage everyone to create happy moments wherever they are – be it in the comfort of their homes or outside, ‘Find Your Happy’ is a multi-stop journey which emphasizes the choice of finding that spark of happiness in every moment in our lives.
Since its inception, UEM Sunrise has organised numerous initiatives under its ‘Find Your Happy’ tagline for the community including donating medical supplies to frontline workers, essential food and care packages to those in need during its Covid-19 Livelihood Assistance Programme, transforming community spaces into BukuHub, distributed PCs at its PINTAR Adopted Schools in Johor, and many more.
International Day of Happiness was proclaimed by the United Nations General Assembly back in 2012 to acknowledge the importance of happiness and well-being as universal goals in society. This also recognizes the need for a more inclusive and fair approach to economic growth that encourages sustainable development, poverty eradication, happiness, and the overall well-being of all peoples.
UEM Sunrise Chief Operations Officer (Central), Liong Kok Kit (Second from right) on standby to cycle with Mayor of Kuala Lumpur, Datuk Seri Haji Mahadi Bin Che Ngah (Center) before the flag off at Dataran DBKL during the KL Car-Free Morning last Sunday.
(From left to right) UEM Sunrise Chief People Officer, Peggy Lee; DBKL Socio-economic Development Executive Director, Datuk Anwar Bin Mohd Zain; Chief Operations Officer (Central), Liong Kok Kit; Mayor of Kuala Lumpur, Datuk Seri Haji Mahadi Bin Che Ngah; Chief Executive Officer, Sufian Abdullah; and Chief Marketing Officer, Kenny Wong posed for a group photo after Datuk Seri Haji Mahadi visited UEM Sunrise’s Happy Space Lot 149.
Fitness enthusiasts and from all ages flooded the streets of Kuala Lumpur during the KL Car-Free Morning, DBKL’s green initiative in promoting a healthier lifestyle among its city dwellers and reducing carbon emissions.
UEM Sunrise volunteers represent the Company’s CHIEF core values, acronym for Caring, Honest, Involved, Enthusiasm And Fun-Loving. Here, a UEM Sunrise volunteer handed out balloons to participants passing by during the KL Car-Free Morning last Sunday.
Refreshments and merchandise were handed out to participants in front of UEM Sunrise’s Happy Space Lot 149 during the KL Car-Free Morning last Sunday.
UEM SUNRISE SPOTLIGHTS LOCAL ARTISTS IN SUPPORT OF ENVIRONMENTAL AND ANIMAL CONSERVATION
KUALA LUMPUR, 14 March 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers has unveiled its latest community engagement initiative titled “K’Artulistiwa” at the KAIA Heights sales gallery last Saturday.
The art initiative aims to work and strengthen ties with the community by having the Company’s sales galleries showcase works by local artists as well as becoming a space for various community-led art activities such as murals, art workshops and solo and group exhibitions by artists. These activities are open to the public as an effort to spark interest and spread awareness on environmental and animal conservation as well as preservation of cultural heritage.
"K’Artulistiwa” is a play of the word ‘khatulistiwa’ which is Malay for ‘equator’ and symbolises Malaysia’s geographical location, ‘K’ represents the Company’s flagship township of Mont’Kiara, ‘art’ being a tool to bring communities together and ‘tulis’ is Malay for ‘write’ which represents self-expression. Lastly, "Istiwa" means "to rise" in Arabic, which is aligned with UEM Sunrise's philosophy.
Driven by the Company’s Environmental, Social and Governance (ESG) goals, the art initiative also intends to highlight elements of the Company’s ESG framework, particularly the ‘Environmental’ and ‘Social’ aspects by putting forth the urgent need to protect biodiversity as well as highlighting the importance of supporting community needs.
"UEM Sunrise sees art as a vehicle for communication and social change. Art is after all a pillar of any civilized society. It is important that we lead by example by practicing environmentally and socially sensitive development strategies. Our local artists are now our advocates,” said UEM Sunrise Chief Executive Officer, Sufian Abdullah.
He added that plans are underway to roll out the art initiative to the Company’s other sales galleries in the near future.
"With our sales galleries becoming more than just spaces for sale transactions and to showcase our developments, they can double up as a creative platform and space. It is our hope that we can work together with our local artists on a deeper level to develop a self-sustainable community which not only champions wildlife conservation, but also champions art as a form of expression and a means to support the local economy,” Sufian said.
In kickstarting the very first “K’Artulistiwa”, UEM Sunrise has teamed up with environmental and wildlife conservationist artist, Suzi Chua, whose combined passions in art and environmental conservation have inspired her to champion the cause through various art forms. The initiative was launched at the Company’s appreciation event with its loyal customers called Trésorians.
Suzi said, “The rainforest is home to many types of animals - large and small. Due to deforestation, natural habitats are shrinking fast, with many wild animals losing their homes. As an environmental and wildlife conservationist artist, I now see it as my mission to be the voice for them, addressing this alarming issue in our society. Hopefully, their voices can be heard through my paintings - raising awareness and protecting them from becoming extinct. Through my collaboration with UEM Sunrise, I am able to bring art into interior design and ‘breathe life’ into the KAIA Heights sales gallery.”
Her artworks are currently on display around the KAIA Heights sales gallery located at Taman Equine, Seri Kembangan and the public is free to view and purchase them. Part of the proceeds from the sales will directly go into supporting conservation efforts for the Malayan tiger and Bornean sun bear and their habitats. Both animals are local to the Malaysian wildlife ecosystem and are currently facing extinction.
Event : “K’Artulistiwa”
Date : 12 March onwards
Time : 10am to 5pm daily
Venue : KAIA Heights Sales Gallery, Taman Equine, Seri Kembangan
FREE ADMISSION
(From left to right) UEM Sunrise Chief Marketing Officer, Kenny Wong; Chief Development Officer, Mardiana Rahayu Tukiran; Suzi Chua; and Chief Operations Officer (Central), Liong Kok Kit posed for a group photo. Suzi’s artworks are currently on display around the KAIA Heights sales gallery at Taman Equine, Seri Kembangan.
UEM Sunrise Chief Development Officer, Mardiana Rahayu Tukiran shared a few words during the unveiling of K’Artulistiwa with environmental and wildlife conservationist artist Suzi Chua.
‘Debby the Sun Bear’ by Suzi Chua - one of her many paintings currently displayed at the KAIA Heights sales gallery. It is on sale and part of the proceeds from the sales will directly go into supporting conservation efforts for the Malayan tiger and Bornean sun bear.
The Malayan tiger, one of Suzi Chua’s many paintings currently on display at the KAIA Heights sales gallery. It is on sale and part of the proceeds from the sales will directly go into supporting conservation efforts for the Malayan tiger and Bornean sun bear.
SARAWAK ECONOMIC DEVELOPMENT CORPORATION JOIN VENTURES WITH OPUS INTERNATIONAL TO PROMOTE ECONOMIC DEVELOPMENT IN SARAWAK
Kuala Lumpur, 11 March – PPES Consults Sdn Bhd (“PCSB”), a wholly-owned subsidiary of Sarawak Economic Development Corporation (“SEDC”), has entered into a joint venture via a shareholders agreement with Opus International (M) Berhad (“OIMB”), a wholly-owned subsidiary of UEM Edgenta Berhad (“UEM Edgenta”), through Opus Consultants (Sarawak) Sdn Bhd (“OCS”).
The 51% (PCSB) - 49% (OIMB) joint venture, will propel further collaboration and sharing of resources between the two parties to ensure smooth delivery of mega infrastructure projects in Sarawak. This collaboration will also support the development of local expertise with OCS providing project management and engineering design consultancy services for Sarawak’s key construction and engineering projects.
This was officiated in a signing ceremony with YBhg. Tuan Haji Abdul Hadi Datuk Haji Abdul Kadir, General Manager of SEDC and Ir. Dr. Tony Chan, Managing Director of OIMB representing SEDC and OIMB respectively, witnessed by Ir. Dr. Ting Sie Chun, Director-in-Charge of PCSB, and Rais Imran, Chief Strategy Officer of UEM Edgenta.
YBhg. Tuan Haji Abdul Hadi said, “We look forward to this joint collaboration with Opus and UEM Edgenta as we strive to accelerate development in Sarawak. With Opus’ expertise in project management and engineering design, we are confident that our objective to promote economic growth and enhance the livelihood of the people of Sarawak will be achieved.”
Ir. Dr. Tony Chan said, “We are proud to be partnering with PCSB as we continue providing best-in-class and quality services to our clients and stakeholders. We hope through this synergistic collaboration, we could further assist in the development of Sarawak to achieve its developed economy status by 2030 and we look forward to more beneficial relationships between UEM Edgenta and the Sarawak State Government.”
Through this strategic partnership, the two parties will conduct joint collaborations over the next five years focusing on innovation exchanges to develop and build technical engineering capabilities across the commercial, industrial and socio-economic sectors of Sarawak.
PLUS COLLABORATES WITH ASTRO RADIO, CELCOM & MOTAC FOR BETTER HIGHWAY CUSTOMER ENGAGEMENT
PLUS Malaysia Berhad (PLUS) welcomes three like-minded partners in a 4-way collaboration to ensure consistent, real-time information reaches its 2 million highway customers traversing to the north and south between 29 April till 9 May to celebrate Aidilfitri. The three collaborators comprise of Malaysia’s largest radio network, Astro Radio with over 16 million listeners, Celcom Axiata Berhad (Celcom) servicing over 14 million users and the Ministry of Tourism, Arts and Culture (MoTAC) which leads the Nation’s call towards a robust domestic tourism eco-system.
Malaysia will be experiencing an unprecedented Aidilfitri celebration, which PLUS anticipates that more than 2 million vehicles will be plying its North-South Expressway in the spirit of “Balik Kampung”. PLUS is also cognizant of the fact that after 2 years of the Movement Control Order (MCO), highway travelers will require updated information which will help them make informed decisions to plan their journey. This is where the role of the collaborators come in, to support the messages disseminated by PLUS by amplifying them over the airwaves and social media channels.
"The need to communicate continuously and widely is crucial to mentally prepare travelers and to manage expectations. They must expect a longer journey, where the travel time may double. Thus, in managing the traffic surge this festive season, we were approached by three like-minded partners with one single intention to collaborate, and that is to provide the latest traffic information and travel advisories to all PLUS highway customers via each partner’s extensive channels,” explains PLUS Managing Director, Datuk Azman Ismail.
“Astro Radio is one of the strategic mediums as every vehicle will tune in to their favorite radio station. Listeners can catch the latest traffic updates periodically on-air via ERA, SINAR, ZAYAN, Hitz FM, Mix FM and Lite FM, or through the SYOK app, as well as from social media pages of all 11 popular Astro Radio stations. Whether the vehicle is moving or stationary, you can be certain the message is heard by the passengers and driver, therefore it’s an ideal medium for PLUS messages to reach its audience,” affirms Datuk Azman. “In fact, the radio’s captive audience provides an opportunity to reinforce and remind the safety driving advisories as well as traffic mitigation tips.”
Celcom and PLUS have teamed up to unlock seamless mobility experiences and co-create sustainable value for Malaysian consumers via an MoU signed in November 2021 to develop total fleet management solutions, as well as the integration of both loyalty platforms and to explore 5G applications in supporting highway operations. However, for Raya the two organisations are working hand-in-glove in their continued relationship to bring peace of mind and comfort to their joint customers on the road heading back for “Balik Kampung”, with a targeted communication campaign to reach the mobile customers along PLUS Highway with the latest updated traffic information.
Additionally, Celcom has deployed mobile transmitter stations along the Tapah and Juru Toll Plazas and their respective R&Rs, to boost wider coverage for Celcom-PLUS customers in anticipation of the influx of people in these two major locations.
With over 2 million highway customers travelling the span of the west coast of Peninsula Malaysia, the timely partnership from the Ministry of Tourism, Arts and Culture (MoTAC) will certainly drive the domestic tourism industry as borders are open between Singapore and Malaysia and excited Keluarga Malaysia seeing the opportunity to revisit their places of interest of culinary delights as well as that desired escape after the hiatus of staying home is now lifted.
YB Dato' Sri Hajah Nancy Shukri, the Minister of Tourism, Arts and Culture herself will be sharing a video to advise Keluarga Malaysia to be safe and to plan their journey and her Ministry together with Celcom and Astro Radio will amplify PLUS messages across their social media universe with the single aim of making sure the information reaches all highway customers in a timely manner, helping them to reach their destination safely and happily.
“PLUS would like to thank Astro Radio, Celcom and MoTAC for supporting us in our efforts to take good care of highway customers throughout this festive season, we appreciate their sincerity and help in the true spirit of Kita Jaga Kita,” added Datuk Azman.
Apart from this collaboration, the latest PLUS traffic information is also channeled through electronic signages along the highway, via PLUSTrafik on Twitter, and the PLUS Application which enables customers to view the latest traffic situation on the highway through CCTV displays.
PLUS WELCOMES PRIME MINISTER'S TOLL WAIVER ANNOUNCEMENT FOR KELUARGA MALAYSIA IN CONJUNCTION WITH AIDILFITRI
PLUS Malaysia Berhad (PLUS) welcomes the move to give toll waiver to Keluarga Malaysia plying the PLUS highway network on April 30, May 1, May 7 and May 8 in conjunction with the Aidilfitri celebration as announced on 25th April by YAB Prime Minister of Malaysia, Dato 'Sri Ismail Sabri Yaakob.
PLUS anticipates that most highway customers will seize the opportunity to enjoy the toll waiver and plan their Balik Kampung and Balik Kota travels based on the designated toll waiver dates. “Therefore, we advise the public to plan their journey carefully and to anticipate that their journey back to their hometowns may take longer especially during the 4 special days announced by the Prime Minister,” said PLUS Managing Director, Datuk Azman Ismail.
To manage the surge in traffic, PLUS is committed to take the appropriate measures to help highway customers throughout their highway journey.
“PLUS, will take the necessary steps to manage the traffic onslaught and we have put in place various measures on the highway mainline, toll plazas and the rest areas,” explained Datuk Azman Ismail.
At the same time, PLUS takes this opportunity to explain how the free toll is implemented on its highway network:-
- At Closed Toll System highways (or inter-city highways), the Toll Waiver is given when the customer exits the highway through the toll plazas during the stipulated period.
- For traffic data recording purposes, Touch ‘n Go card users are still required to tap their Touch ‘n Go card at the reader at the toll lane. However, no toll fare will be charged or deducted from the Touch ‘n Go card.
- For RFID customers, they are to enter and exit the highway via the dedicated RFID lanes for traffic data recording purposes. Similar to the Touch ‘n Go and SmartTAG customers, no toll fare will be charged or deducted from their eWallet.
- For Touch ‘n Go card users, they are advised to check the validity of their Touch ‘n Go card with Touch ‘n Go Sdn Bhd via http://tngportal.touchngo.com.my/tngPortal/login prior to commencement of their journey. Dormant or expired cards if used at the toll plaza will be declined by the system and the user may not be able to pass through the toll plaza, which will result in traffic congestion. Kindly obtain replacement card from Touch ‘n Go and its authorised retailers.
"PLUS also advises those who are planning to travel during peak days, especially during the 4 designated days to follow the Travel Time Advisory (TTA) schedule that was recently issued. We encourage them to carefully plan their journey to reduce congestion and provide more comfort for their families when travelling home. This includes identifying pit stops for food or drinks, to rejuvenate and refresh yourself,” he explained.
Highway customers are also encouraged to download the PLUS App to view real-time CCTV footages along the highway and use Waze or GoogleMap to help plan their journey better for this festive season. Regular highway traffic updates will also be provided through the PLUSTrafik Twitter.
PLUS ADVISES HIGHWAY CUSTOMERS TO FOLLOW TTA TO REDUCE CONGESTION OR EXPECT EXTENDED TRAVEL TIME
PLUS Malaysia Berhad (PLUS) is issuing a 2022 Balik Kampung and Pulang Ke Bandar Travel Time Advisory (TTA) schedule in conjunction with the Hari Raya Aidilfitri festive season which caters for highway travel from April 29 till May 9, 2022.
The purpose of the TTA is to distribute traffic and circumvent convergence of traffic entering the highway at the same time on major highway stretches, toll plazas and rest areas, thus reducing congestion. The TTA is designed based on previous festive seasons and long weekends travelling patterns to guide and help highway customers to experience the best possible journey in this unprecedented festive travel period, where over 2 million vehicles are expected to traverse along the North-South Expressway (NSE).
“As this is the first time after 2 years of the Movement Control Order (MCO), that we Malaysians are allowed to travel back to our loved ones to celebrate Raya Aidilfitri, we anticipate about 2 million vehicles, which is a 25 percent increase compared to the current daily 1.6 million vehicles plying on our highway. Therefore, please expect congestion and possibly prolonged duration of your travel time. So, we strongly urge and advise highway customers to adhere the TTA schedule during Balik Kampung and Pulang ke Bandar Journey,” PLUS Chief Operating Officer, Datuk Zakaria Ahmad Zabidi stresses.
In addition to TTA schedule, highway customers are advised to use our PLUS App, Waze, or Google Map for better journey plan during the period.
BALIK KAMPUNG BERAYA - Journey from Klang Valley (from 29 April to 2 May 2022)
For Klang Valley highway customers heading towards further destinations such as Perlis, Kedah, Penang, Perak (North) and Johor, are advised to enter the highway before 10:00 am. Meanwhile, for those heading towards closer locations or to other states are advised to enter the highway after 1:00 pm.
"The TTA is designed to prevent traffic heading towards further destinations from ‘converging’ with those heading to nearer ones, adhering to it may make a positive difference in one’s journey experience, Insyallah,” Datuk Zakaria added.
PULANG KE BANDAR - Journey back to Klang Valley (from 5 May to 9 May 2022)
For the return journey to Klang Valley from Perlis, Kedah, Penang, Perak (North), Johor and other states, highway customers are advised to enter the highway before 9:00 am.
"Based on our studies, the return journey to Klang Valley, highway customers can expect a longer travel time on the highway if they choose not to adhere to the TTA schedule,” Datuk Zakaria further explained.
“Based on festive seasons traffic travelling patterns simulation, for highway customers from the North to Klang Valley, they may experience an extended travel time of up to 10 hours, or twice as long as the average travel time if they enter the highway after 9:00 am. Meanwhile, the travel time from the South to the Klang Valley could reach up to 7 hours or twice as long compared to usual average travel time if they enter the highway after 9:00 am,” he cautioned.
Regular Traffic updates are provided through the PLUSTrafik Twitter service, PLUS Apps, the toll free PLUSLine at 1800-88-0000, PUTRI Chatbot, on electronic message signs (VMS) along the highway mainline as well as traffic announcements via major radio stations.
PLUS also advises highway customers to obey traffic rules, drive prudently, ensure that the vehicles are in a good condition and safely reach their destination to celebrate Aidilfitri with their loved ones.
PLUS DEPLOYS 1,500 CUSTOMER SERVICE TEAM TO ENHANCE TRAFFIC EFFICIENCY AT TOLL PLAZAS FOR AIDILFITRI HOLIDAYS
PLUS Malaysia Berhad (PLUS) aims to minimise congestion at all its 1,100 lanes across 94 Toll Plazas nationwide in anticipation of the 2 million highway customers who will making their “Raya Balik Kampung” sojourn between April 29 till May 9 after a two-year travel hiatus.
"Over 1,500 PLUS Customer Service Assistants (CSA) will be at hand to welcome everyone back to PLUS highway. They will be stationed at the toll plazas lanes to ensure a smooth and seamless drive through experience and assist in the eventuality of toll transaction complications. Over and above that, team members from PLUS Headquarters will also be deployed at all major toll plazas nationwide as additional ground support, as we expect this to be an unprecedented Raya exodus,” assures Datuk Zakaria Ahmad Zabidi, PLUS Chief Operating Officer.
"I would also wish to remind our highway customers to please expect longer travel times to their destinations as we foresee possible congestion resulting from the high volume of vehicles on the road. However, you can plan ahead with the journey planner in the PLUS App and also follow our soon to be issued Travel Time Advisory (TTA) as well as to use Waze and Google Map for a predictive travel route,” reminded Datuk Zakaria.
“Highway Customers have the convenience of choosing 3 toll payment modes in the form of Touch ‘n Go cards, SmartTAG and the latest RFID for the ease of cashless transactions at the lanes. However, it is important to use the same payment mode upon entry and exit of the highway. For example, if RFID is used upon entry at Jalan Duta Toll, the customer must then exit the highway also using RFID, similarly with Touch ‘n Go and SmartTAG. Using the same mode of payment will greatly reduce the possibility of congestion at the toll lanes. Another key tip is to make sure one’s Touch ‘n Go e-Wallet or card has sufficient balance for travel,” Datuk Zakaria strongly suggests.
Today, there are over 11,000 available Touch ‘n Go reload centres provided across the country including at selected R&Rs, ATM machines, petrol stations, and convenience stores, and this includes 67 Self Service Kiosks (SSK) at selected toll plazas. There are also 22 Touch ‘n Go counters at selected petrol stations along PLUS highways to allow card top ups without additional charges. For further information regarding Touch ‘n Go top up facilities, highway customers can contact the Touch ‘n Go Careline at careline@touchngo.com.my or visit www.touchngo.com.my.
RFID is currently only available on west coast highways in Peninsula Malaysia. However, it is yet to be made available on the East Coast highways.
PLUS CHANNELLED ZAKAT AMOUNTING RM2.3 MILLION TO ITS FENCELINE COMMUNITIES THIS RAMADAN
PLUS Malaysia Berhad (PLUS) channelled a zakat distribution of RM2.3 million to Asnaf living along its 1,130 kilometre highway stretch including Lebuhraya Pantai Timur 2 (LPT2) in conjunction with this year’s Ramadan. The Zakat distribution was channelled to 1,997 Asnaf, 17 Maahad Tahfiz Centres as well as PLUS staff who were affected by the floods at the end of last year.
Recently, PLUS Managing Director Datuk Azman Ismail presented a zakat of RM50,000 to 5 selected Maahad Tahfiz Centres in conjunction with the breaking-of-fast ceremony held at the PLUS Northern Region Office in Bertam, Penang. Madrasah Tahfizul Quran Penanti, Maahad Tahfiz Al-Quran Wal-Qiraat, Pusat Tahfiz Bukit Gantang, Maahad Tahfiz An-Nahdhoh and Maahad Darul Furqan each received a zakat distribution of RM10,000 which is aimed at sustaining the operations of the centres affected by the long pandemic.
“It is our hope that this distribution will be blessed in this glorious month and to some extent provide support in ensuring the continuity of operations of these Maahad Tahfiz,” explained PLUS Managing Director Datuk Azman Ismail.
According to Datuk Azman, the Zakat distribution is in line with PLUS’ goal to improve the well-being and prosperity of the fence line communities along the PLUS & LPT2 Highways. It is also timely to ease the burden of the fence line communities during the endemic transition period and to welcome Aidilfitri. All recipients of the zakat distribution are communities who live within a 30km radius of the highway.
(UEM SUNRISE) FIRST-OF-ITS-KIND IN AUSTRALIAN EATERTAINMENT TO OPEN AT AURORA MELBOURNE CENTRAL
MELBOURNE, AUSTRALIA, 7 April 2022: Leading Malaysian property developer UEM Sunrise Berhad (“UEM Sunrise” or “the Company”) has secured an anchor tenant, a first-of-its-kind Eatertainment offering, Paddle Battle by the team at Home of Hospitality, at its Aurora Melbourne Central retail precinct.
Set to be the next major player in CBD entertainment, Paddle Battle will open in the lower ground floor of Melbourne CBD’s tallest building as a table tennis social club complemented by a luxury dining experience.
The 15-year lease for 1,680 square metres of premium retail space in the heart of the CBD was secured by leading specialised retail agency Retail Realm in conjunction with Azeta Real Estate.
It’s the first time the table tennis Eatertainment phenomenon has arrived on Australian shores, after success across Europe and the USA. With a sophisticated food, beverage, and entertainment offering, the experience is designed to suit social occasions as well as corporate events.
The Aurora Melbourne Central retail precinct is part of the AU$800 million flagship mixed-use development - an 86-storey tower comprising 959 residential apartments, 252 serviced apartments operated by Scape Living@Aurora, 3,460 square metres of office space and 3,500 square metres of premium retail space.
UEM Sunrise Director, Australia, Ong Chee Wei said they are proud the development would host a pioneering Eatertainment venue, which is expected to be a major drawcard to the precinct for other major retail brands.
"Aurora Melbourne Central offers residents, workers and visitors unparalleled convenience and connection to neighbouring amenity such as Melbourne Central Train Station, Melbourne Central Shopping Centre, Emporium and Bourke St Mall – this places Aurora Melbourne Central as a primely located retail hub, ready to enhance the vibrancy of the CBD,” Ms Ong said.
"UEM Sunrise has been searching for a unique offering to the Melbourne hospitality market, and we’re proud to host a new Eatertainment offering in Paddle Battle, which will become an exciting destination in the CBD for Melburnians and tourists alike.
“We are witnessing the city quickly reinvigorating after the end of COVID-19 restrictions, so it’s no surprise our retail precinct is also attracting significant interests. We expect this to only increase now Paddle Battle is on board.”
Home of Hospitality Managing Director, Eleanor Barratt said, “We have been waiting to bring this project to life in Melbourne for many years now, the idea came about long before the pandemic hit. We spent countless hours researching and developing the concept and even travelled to America and England to check out the concepts over there. Finding the perfect space has been worth the wait, and we are really excited for Paddle Battle to be opening soon!”
Home of Hospitality’s Operations Manager, George Pezaros added, “When you combine entertainment and great food, the emergence of EATertainment world is created. Paddle Battle is at the forefront, leading the way for individuals, group bookings and corporates to merge business with pleasure.”
The Aurora Melbourne Central retail precinct is set to open in July 2022.
TOLL WAIVER AT BOARDER TOLL PLAZAS IN JOHOR ENDS TOMORROW, PLUS REMINDS HIGHWAY CUSTOMERS TO ENSURE SUFFICIENT BALANCE IN THEIR TOUCH 'N GO CARD FOR A
PLUS Malaysia Berhad (PLUS) wishes to remind highway customers going across the Johor Bahru Causeway that the toll waiver at border toll plazas at Bangunan Sultan Iskandar (Johor Bahru Causeway) and Tanjung Kupang (Linkedua) which began on 1st April will end on 7th April. Normal operations via toll collection will resume from 8th April (Friday).
PLUS highway customers are advised to always ensure that their Touch ‘n Go e-wallet and card are active with sufficient balance to enjoy smoother and uninterrupted journey once toll collection resumes. Highway customers with VEP RFID tags are also able to use the RFID lane at Bangunan Sultan Iskandar and Tanjung Kupang. For further information on VEP RFID tags, please visit www.vep.jpj.gov.my.
For Singaporean drivers planning to top-up their Touch ‘n Go card in Johor, there are 8 Touch ‘n Go card reload points around Linkedua highway. Similarly, there are also multiple Touch ‘n Go card reload points around the vicinity of the Johor Bahru Causeway. Generally, petrol stations and 24-hour convenience stores also offer Touch ‘n Go card reload services. Top-ups are also available at Self Service Kiosks provided at selected toll plazas and rest areas.
The PLUS Mobile App is available to assist travel planning and provides immediate connection to the PLUSLine 1800 88 0000 for any emergencies. Rest assured there are more than 120 PLUSRonda personnel across the Johor highway stretch. They provide safety and emergency assistance to PLUS highway customers on-site when they need them the most. PLUSRonda are on call 24 hours-a-day, 7-days-a-week and 365-days-a-year, ready to respond to aid highway customers every step of the way towards a smooth and safe journey to their destination.
During your travels, please do contact us via the 24-hour toll-free PLUSLine at 1800 88 0000 or the PLUS website, www.plus.com.my for any assistance and chat with our first-ever highway chatbot, PUTRI or any of our SocMed channels. PLUS values the continuous engagement with our customers and is firmly committed to addressing any issues while maintaining our quality and standards of service.
Highway customers have our assurance that all our 29 R&Rs and 50 Lay-bys are fully sanitised and cleansed to ensure the highest level of hygiene and safety is adhered to. In total, there are plenty of F&B outlets and convenience stores throughout the 1,130 PLUS-operated highways in Malaysia.
It is our wish to welcome you back safely and comfortably as you drive home to reconnect with your loved ones.
UEM EDGENTA CONTINUES FORAY IN MIDDLE EAST, INKS MEMORANDUM OF BUSINESS EXPLORATION TO SUPPORT SUSTAINABLE SMART CITIES
Dubai, 1 April – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), through its wholly owned subsidiary, Operon Middle East (“Operon”), has entered into a Memorandum of Business Exploration (“MoBE”) with Byte Blanket FZE (“Byte Blanket”) and Disrupt-X DMCC (“Disrupt-X”) to identify potential technological collaborations in supporting sustainable smart cities and introduce digital solutions in the international markets.
This collaboration is part of UEM Edgenta’s continued foray into the integrated facility management market in the Middle East as the Company focuses on its regional expansion strategy, and at the same time developing tech-enabled integrated solutions, aligned with its ‘Edgenta of the Future 2025’ (“EoTF 2025”) vision.
The MoBE will pave the way for future collaborations in exploring and identifying potential opportunities with a view to expand UEM Edgenta’s digital offerings through expertise in built environment, integrated capabilities and consultancy services to clients in large scale community, commercial services and smart cities.
Disrupt-X is the provider of an end-to-end scalable Internet of Things (“IoT”) platform solution, while Byte Blanket owns the Enter Bubble Technologies (“EBT”), a disruptive digital framework with the potential to revolutionise smart cities and industries through spontaneous micro social networking across the globe.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta said, “Through our regional partnerships, we will explore opportunities on bringing our collective visions to life. We are confident that our combined expertise will be the solutions of choice for the Middle East and other international markets. The future of cities will be shaped by connectivity, mobility, resilience and sustainability. Revolutionising smart city development requires future-proof technology solutions that enables sustainable urbanisation and supports the wellbeing of a community in a low-carbon ecosystem.”
UEM Edgenta is also looking to introduce the concept of ‘Hyper-Aware Buildings’ together with Byte Blanket and Disrupt-X as part of the smart cities’ technology, with IoT being the eyes and ears of hyper-aware facilities. With the combination of IoT and contextual data, buildings are made more adaptive to its environment as well as its occupants’ needs, which allows situational awareness for better efficiency, productivity, reliability, safety, and security.
Present during the signing ceremony earlier this week was Syahrunizam Samsudin, Asim Sajwani, President of Disrupt-X, Yaseen Al Jaizani, CEO of Disrupt-X, Vijay Antony Alen, Owner, KV Holdings Inc. and Founder, Chairman, Group CEO and Chief Product Officer at Smile Turtle Group, and Murugesan Prakasam, Executive Director & Global Head of Operations of Byte Blanket with YB Dato’ Sri Reezal Merican Naina Merican, Malaysia’s Minister of Housing and Local Government in presence.
The document exchange today was witnessed by YAB Dato’ Sri Ismail Sabri Yaakob, Prime Minister of Malaysia alongside YB Dato’ Seri Mohamed Azmin Ali, Malaysia’s Senior Minister of International Trade & Industry, YB Dato’ Sri Dr. Adham Baba, Malaysia’s Minister of Science, Technology and Innovation, YB Dato’ Seri Mahdzir Khalid, Malaysia’s Minister of Rural Development and YB Datuk Arthur Joseph Kurup, Deputy Minister of Works of Malaysia.
UEM EDGENTA POSITIONS FOR LONG-TERM SUSTAINABLE GROWTH, POSTS RM9.4 MILLION NET PROFIT FOR Q1 FY2022
Kuala Lumpur, 26 May – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, announced its unaudited financial results for the period ended 31 March 2022 (“Q1 FY2022”) today.
For the quarter under review, UEM Edgenta registered a revenue growth of 11.5% to RM539.2 million, compared to RM483.6 million in the previous corresponding quarter (“Q1 FY2021"). The Company also posted a normalised net profit growth of 28.4% to RM10.4 million, compared to RM8.1 million in Q1 FY2021.
The Company’s robust orderbook stands at RM10.8 billion, providing long-term prospects until 2038. UEM Edgenta continued to gain contracts during the quarter and has secured over RM500 million worth of new contracts, achieving ~40% of FY2022 target orderbook replenishment amounting up to RM1.3 billion. International markets contributed ~60% of these new contracts, a testament to the Company’s international market expansion strategy. UEM Edgenta’s Healthcare Support division, particularly commercial contracts, continued to anchor ~66% of these new wins.
"It has been a positive quarter for us with continued growth of our topline and bottom line, and healthy orderbook replenishment, supported by market recovery and our diversification strategy. However, we remain cautiously optimistic on the outlook as the positive prospects driven by the relaxation of international travel restrictions and the nation transitioning towards the endemic phase, are countered by various headwinds, namely global inflationary pressures, supply chain disruption, and market volatility. As an organization, we will continue to innovate and remain agile in responding to these challenges,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
Launched a year ago, Edgenta of the Future 2025 (“EoTF 2025”)’s vision is aimed to create a technology enabled solutions company with a focus on healthcare by 2025, through three strategic pillars, namely expand footprint and deepen solutions base, enhance product and technology proposition, and extract value from core businesses. EoTF 2025 has anchored the Company’s multi-pronged diversification strategy across multiple geographies, products and services, and will continue to guide the Company in proactively positioning itself to deliver long-term sustainable growth to its stakeholders.
"As we see the increasing importance of Environment, Social and Governance (“ESG”) agenda globally, it is becoming clear on how we, as a Company, have the foundational capabilities, products and services to empower sustainability in our business strategy and operations, which in return would enable our clients to achieve their ESG targets,” added Syahrunizam.
As for segmental results, under its Asset Management segment – the Healthcare Support division, which presently serves over 300 hospitals in Malaysia, Singapore, Taiwan and India, registered a 13.6% increase in revenue to RM351.6 million, compared to RM309.5 million in Q1 FY2021. Building from our strong orderbook in Singapore and Taiwan, the division recorded a higher net profit of RM21.2 million in Q1 FY2022, compared to RM15.9 million in the same period last year mainly resulting from healthcare support contracts secured in Malaysia, Taiwan, and Singapore. Meanwhile, its Property & Facility Solutions division had a slower start this year and recorded a revenue of RM29.0 million, compared to RM42.6 million in the corresponding quarter in FY2021.
UEM Edgenta’s Infrastructure Services division registered a 21.7% increase in revenue to RM133.1 million in Q1 FY2022 compared to RM109.3 million in the previous year, while its Asset Consultancy division, represented by Opus Consultants, recorded a 30.3% increase in revenue to RM25.5 million compared to RM19.6 million in Q1 FY2021. This is mainly due to higher maintenance work and consultancy works performed for expressways, by Infrastructure Services and Asset Consultancy, respectively due to the ease of movement control order imposed by the Government in the current quarter as compared to the corresponding quarter last year.
Backed by a healthy balance sheet with a low gross gearing ratio of 0.33 times and a strong net cash position and bank balances of RM121.4 million, the Company continues to enhance its delivery models in improving operational efficiency and structural cost optimisation in achieving long term competitive advantage and drive long term sustainability, in manoeuvring a continuing challenging business landscape.
UEM SUNRISE RETURNS TO PROFITABILITY DRIVEN BY STRONG REVENUE CONTRIBUTION
KUALA LUMPUR, 25 May 2022 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") today announced its financial results for the first quarter ended 31 March 2022. The Company recorded a revenue of RM417 million compared to the first quarter of 2021's revenue of RM253 million, driven by higher progress billings and construction progress from local developments, mainly Residensi Solaris Parq in Dutamas, Aspira ParkHomes in Gerbang Nusajaya, Serene Heights Bangi, Senadi Hills in central Iskandar Puteri, Residensi Astrea in Mont'Kiara as well as the higher sales of Estuari Gardens in Puteri Harbour, in addition to the revenue recognition of the sale of 19 industrial plots in the Southern Industrial and Logistics Clusters, executed in December 2020.
In tandem with the higher gross profits, together with improvements in its share of results from associates and joint ventures, mainly from Nusajaya Tech Park and Horizon Hills in Iskandar Puteri, as well as the higher foreign exchange gain, UEM Sunrise recorded a significant improvement in its earnings position and revealed a profit after tax and non-controlling interest of RM19 million for this first quarter of 2022; a stark contrast to its performance in the same quarter last year, which reflected a loss of RM4.3 million.
Property development activities recorded sales of RM110 million in the current quarter; with 64% contributed by projects in the Central region mainly Serene Heights Bangi, KAIA Heights in Equine Park, Seri Kembangan and Residensi Allevia in Mont'Kiara, with the remaining 36% from Southern mainly from Estuari Gardens, Aspira LakeHomes in Gerbang Nusajaya and Senadi Hills. It launched the second and final phase of Aspira Gardens in Gerbang Nusajaya featuring 80 units of double-storey clusters and semi-detached valued at RM74 million in March. Its unbilled sales as at 31 March 2022 is RM2.2 billion.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "We are thrilled to return to the black, and pleased to disclose an improved revenue of RM417 million, which was up by 65% compared to the first quarter of last year, and a profit of RM19 million for the first quarter of this year following two years of less than stellar results”.
He continued, "We target to maintain this profitability position throughout 2022 and continue to carry out the initiatives identified during its Triage period; which is the first of a 3-step transformation program to return UEM Sunrise to realise its core potential in creating value through property development. The period includes streamlining core capabilities, building pipeline of products that deliver value, driving existing launch programs, improving balance sheet quality and returning to profitability. Triage is the initial part of UEM Sunrise's three-pronged strategy to transform the Company into a balanced real estate player. Stabilise which will take place between 2023 to 2025 (reorganisation and transformation of our people, process and portfolio) and Sustain which is 2026 and beyond (income diversification for sustained revenue), should become effective when we have laid a stronger foundation during Triage".
Touching on sales, "In the absence of the Home Ownership Campaign, we have devised sales campaigns of our own starting with the Chinese New Year 'Happy Duo Duo' campaign from 16 January to 22 March 2022, followed by the 'Ini Baru Raya' campaign which takes place from 22 April to 22 June 2022. The campaigns have been effective thus far raking in bookings of approximately RM250 million as at mid-May. Apart from the sales that we have secured from our continuous digital efforts, we see more sales secured from non-digital sources as the economy gradually reopens and the nation shifts to an endemic phase; contributing 58% to our total sales as at 18 May, which is a good sign as buyers are returning to our sales galleries and actively exploring opportunities to buy our properties. In relation to the recent hike in the OPR, we are not expecting a significant impact on sales as the rate is still low in comparison to pre-pandemic level. Furthermore, the majority of the products available in the market have been competitively priced, while most buyers are owner occupiers. Taking advantage of the current environment, we are reinforcing the launches of our new product pipelines and will continue to provide attainable products for our buyers and market at large".
The Company will continue its landbank portfolio rebalancing and embed the sustainability agenda within the organisation to future-proof new launches and future products. It is positive on the nation's transition into endemicity; however, in view of the global political uncertainties which may impede economic activities, and the rising raw materials cost, it retains a cautiously optimistic stance. Despite the challenges, the Company maintains its sales and GDV targets of RM1.5 billion and RM3.3 billion, respectively for 2022.
UEM SUNRISE INKS MOU WITH LOCAL COMPANIES UNDER VENDOR PARTNERSHIP PROGRAM
KUALA LUMPUR, 7 June 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, has signed a Memorandum of Understanding (MoU) together with nine local companies to strengthen, promote and develop a mutually beneficial relationship and cooperation under the Company’s Vendors Partnership Programme.
The partnership programme is expected to explore long-term synergies and promotes cooperation between UEM Sunrise and the participating companies in the areas of marketing and branding where both parties will leverage their respective marketing platforms to cross-market and increase brand awareness; innovation, to provide opportunities for UEM Sunrise and the participating companies to explore products and services to enhance design development to align with the Company’s aspirations including its ESG goals; and cost savings – forming closer cooperation that would identify business opportunities leading to cost-saving benefits.
The nine participating companies include Guocera Sdn Bhd, one of Malaysia’s largest manufacturers and exporter of floor tiles; Bofi (Malaysia) Sdn Bhd, a company that combines carpentry craftsmanship with luxury kitchen, bath cabinets, and wardrobe; Innocera Marketing Sdn Bhd which produces and supplies Sericite-branded sanitary wares and fittings; Electrolux Malaysia Sdn Bhd, a global appliance company known for supplying consumer electrical appliances; Cement Industries of Malaysia Bhd (CIMA), one of Malaysia’s largest construction material manufacturers which provides innovative and sustainable cement and concrete solutions; Panasonic Malaysia Sdn Bhd, a global company for electrical and electronic consumer and business solutions; Signature Cabinet Sdn Bhd, Malaysia’s largest kitchen cabinet and wardrobe manufacturer; Aurum Precast Sdn Bhd, a company which specialises in concrete precast products for civil and building projects; and Gamuda IBS Sdn Bhd, an end-to-end digital IBS solutions provider, pioneering digital IBS adoption in Malaysia with the country’s first digital IBS facility.
"Our partnership programme allows us to collaborate closely with our partners in the long run, and we look forward to achieving these synergies as part of managing the risk of price fluctuations and supply and demand uncertainties. We hope by building such relationship; we would be able to manage our cost structure better and deliver the right values to our customers”, said UEM Sunrise Chief Executive Officer Sufian Abdullah.
He added that given the volatility of the market, UEM Sunrise will continue to monitor and fine-tune its pricing strategy based on several key cost elements aside from the prices of building materials. He is also optimistic that the Company’s long-term partnership programme with its vendors will help to provide solutions in addressing these rising costs in the market.
For more information about UEM Sunrise’s Vendors Partnership Programme, please contact hazry.hazer@uemsunrise.com or vijayan.balan@uemsunrise.com.
UEM Sunrise Chief Executive Officer Sufian Abdullah shared a few words during the Company’s Vendors Partnership Programme at the Kiara Bay sales gallery in Kepong on 7 June 2022. He said that collaborations like these can be a part of the Company’s response in ensuring that their products remain attainable and are competitively priced for customers.
(From left to right) Bofi (Malaysia) Managing Director, Kelvin Tan; Gamuda IBS Executive Director, Lim Hui Yan; Innocera Director, Lee Yeu Jer; Cement Industries Malaysia (CIMA) Managing Director, Sharuddin Omar Hashim; UEM Sunrise Chief Executive Officer, Sufian Abdullah; Electrolux Malaysia General Manager, Vincent Lee; Guocera Managing Director, Sally Cheng; Signature Kitchen Sales Senior Manager, Pei Li Chew; and Managing Director of QAFL, Business Promotion office, Panasonic Corporation, Ichiro Suganuma posed for a group photo towards the end of UEM Sunrise’s Vendors Partnership Programme launch.
UEM SUNRISE PARTNERS WITH AFFIN BANK'S HOME STEP FAST/I TO FOSTER HOME OWNERSHIP AND PROVIDE MORE SAVINGS FOR HOME BUYERS
KUALA LUMPUR, 2 June 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, have partnered with Affin Bank in the ‘Home Step Fast/i’ campaign to offer financing solutions to home buyers with one of the lowest monthly repayments for the first five years and an attractive loan margin.
Specially tailored for fresh graduates, young homebuyers and property investors, the programme allows purchasers to pay low monthly repayments for the first five years upon completion of the project. Through the campaign, purchasers can also convert the loan into a savings scheme for those who need access to emergency funds, suitable for investors and new homebuyers who want to reap the benefits of a higher rental yield while preserving their cash flow.
The campaign also offers no lock-in period and no early settlement fee for buyers, also perfect for those seeking to settle their loans as quickly as they can. RM300 million has been allocated to the programme to help UEM Sunrise’s customers realise their dream of home ownership.
"We understand that it can be daunting, especially for first-time housebuyers. Not only do they have to be faced with choosing the right development that can cater to their needs, there is also a plethora of options for end-financing,” said Chief Executive Officer Sufian Abdullah.
This campaign covers many of UEM Sunrise’s exciting and high-quality projects including the multi-generational freehold gated and guarded communities in the Southern region such as Aspira ParkHomes, Aspira Gardens, Aspira LakeHomes and Estuari Gardens, as well as the guarded neighbourhood of Senadi Hills in the burgeoning and new township of Iskandar Puteri.
In the Klang Valley, participating projects include KAIA Heights, UEM Sunrise’s latest hilltop high-rise residence in Equine Park, Seri Kembangan, which boasts unobstructed breathtaking views of Kuala Lumpur City Centre, Bukit Jalil or the Ayer Hitam Forest Reserve and Residensi AVA in UEM Sunrise’s flagship development of Kiara Bay, Kepong. The high-rise is located just a stone’s throw away from the Kepong Metropolitan Park and within walking distance to the soon-to-be-opened The Beat, a vibrant waterfront retail offering consisting of a new drive-thru Starbucks, a grocer and 21 F&B outlets.
Other developments include Residensi Solaris Parq and Residensi Astrea in Mont’Kiara and Verdi Eco-dominiums, in Cyberjaya.
"With our Affin Bank tie-up for this campaign, we hope that our attainably-priced products are made even more accessible, especially for young housebuyers looking to set up their first homes built by a reputable property developer with a strong track record such as UEM Sunrise,” said Sufian.
Visit www.uemsunrise.com/AffinHomeStepFasti for more information about the campaign as well as its latest updates.
(From left to right) UEM Sunrise Chief Marketing Officer, Kenny Wong; UEM Sunrise Chief Executive Officer Sufian Abdullah; Managing Director of Affin Bank Mortgage Business, Jessie Wong Yen Yee; Director of Mortgage Sales, Edward Cheah Soon Huat; and Director of Strategic Alliance Mortgage Business, Kelvin Chin posed for a group photo.
(From left to right, back row) UEM Sunrise Chief Executive Officer, Sufian Abdullah; Director of Strategic Alliance Mortgage Business, Kelvin Chin; (front row) Director of Mortgage Sales, Edward Cheah Soon Huat; Managing Director of Affin Bank Mortgage Business, Jessie Wong Yen Yee; and UEM Sunrise Chief Marketing Officer, Kenny Wong posed for a group photo.
OPUS CONSULTANTS BAGS INSTITUTION OF ENGINEERS MALAYSIA AWARD FOR ITS CONTRIBUTION TO THE ENGINEERING INDUSTRY IN MALAYSIA
Kuala Lumpur, 23 July – OPUS Consultants (M) Sdn Bhd (“OPUS Consultants”), Malaysia’s leading engineering and asset management consultancy firm, a wholly-owned subsidiary of UEM Edgenta Berhad (“UEM Edgenta” or the “Company”) was recently conferred The Institution of Engineers, Malaysia (“IEM”) Award 2022, for their contribution to the Engineering Industry in Malaysia within the Asset Management-Industries category. Through stringent ratings and judging on capabilities and its contribution to nation-building over three decades and its ability to deliver mega projects worth over billions namely, major highways and roads, airports, urban transit, built environment and Malaysia’s key infrastructure projects. This new accolade places OPUS Consultants a notch above market players in the Asset Management realm.
“I believe that this award is a testament to OPUS Consultants’ dedication in delivering and managing mega infrastructure projects over the years and its commitment to stay at the forefront of asset management infrastructure in contributing to the nation building agenda in Malaysia,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
“It is an honour to receive this esteemed conferment and together with my team at OPUS Consultants, we will continue to contribute to the advancement of Engineering in Malaysia as well as Internationally. Staying true to our tagline “Delivering with Distinction”, we have been veritable to our words by successfully delivering national infrastructures, both road and rail projects for the nation,” said Ir. Dr. Tony Chan, Managing Director of OPUS Consultants.
OPUS Consultants is reputed to have delivered projects which contributed to the infrastructure landscape change in Malaysia with its legacy imprinted on the North-South Expressway, PUTRA LRT2, Kelana Jaya and Ampang Line LRT Extension, KTMB Electrified Double Tracks which stretches from Rawang-Ipoh and Ipoh-Padang Besar, the Malaysia-Singapore Second Crossing, the Cyberjaya Development and the list goes on.The market leader in engineering and asset management consultancy currently manages the lifecycle of more than 4,000 km (four thousand kilometres) of toll expressways, road construction and upgrading projects in Sabah and Sarawak. Their methodical approach and full suite of services are designed to enhance clients’ assets by facilitating clients in making better and more informed decisions by providing innovative yet practical solutions for large-scale infrastructure and transportation projects which positions them at the forefront of the Asset Consultancy industry.
UEM EDGENTA DEPLOYS VOLUNTEERS TO ZOO NEGARA
KUALA LUMPUR, 7 JULY – UEM Edgenta Berhad (“UEM Edgenta” or “Company”) continues its commitment and support towards building a sustainable future for all through its Environment, Social & Governance (“ESG”) initiatives.
The Company, through its Corporate Responsibility programme, has recently deployed volunteers to Zoo Negara Malaysia (“Zoo Negara”) to participate in the ‘Glow the Zoo Negara’ initiative which is aimed to improve the landscape within Zoo Negara.
Over 60 volunteers from UEM Edgenta's various business units carried out a variety of activities throughout Zoo Negara, including painting the bridge area and road curb, cleaning animal enclosure areas, benches, drains, fences and light modification work. The purpose is to make Zoo Negara a conducive landmark for visitors.
“We believe that this is an important programme for us to participate in, and I am happy that this programme has received overwhelming support from Edgenta Stars across Malaysia as we strive to contribute to the communities where we operate in. I am delighted to see our volunteers enjoy the programme. We hope that our efforts would help create a sustainable ecosystem for future generation, and at the same time instill the spirit of volunteerism amongst Edgenta Stars,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
As an important landmark in Malaysia, Zoo Negara provides an absolute experience to visitors with over 3,749 specimens from 254 species of mammals, birds, reptiles, amphibians, invertebrates and fishes housed within its walls, including the UEM Edgenta’s adopted giraffes, Mas Kira and Mas Boy.
Previously, UEM Edgenta contributed ten units of visitor benches as well as renewed its sponsorship of Zoo Negara’s ‘Adopt an Animal’ programme with the giraffes.
PLUS PROACTIVELY PREPARES HIGHWAY FOR A SAFE AND COMFORTABLE AIDILADHA JOURNEY
PLUS Malaysia Berhad (PLUS) is taking proactive measures to provide a safe and comfortable journey for highway users along the PLUS-operated highways this Aidiladha.
"We anticipate about 1.9 million vehicles to use the highway every day throughout the Aidiladha festive period in comparison to the current 1.8 million vehicles plying our highway daily, especially on peak days of 8 July (Friday) and 11 July (Monday),” stated PLUS Chief Operating Officer, Datuk Zakaria Ahmad Zabidi.
"With this in mind, PLUS has made thorough preparations and is ready to manage the traffic surge through a set of initiatives, so we can provide safe and comfortable travels to our highway users,” he reassured.
PLUS will increase the number of PLUSRonda patrol teams who provide aid to distressed highway users. During the Aidiladha festive period, the number of PLUSRonda patrol teams will be increased to 265 teams for a higher patrolling frequency primarily at critical stretches along the highway.
“At critical stretches, PLUS will activate the Contra Flow and open-up emergency lanes as additional lanes with the assistance of the Royal Malaysian Police (PDRM). Highway users are advised to abide by the instructions given through the signages placed at the contra flow and the opening of the emergency lane designated locations.
PLUS will also temporarility suspend all roadworks and lane closures on the highway from 8 July to 12 July to facilitate smoother traffic flow,” he added.
PLUS will continue to collaborate with enforcement and emergency agencies such as PDRM, the Road Transport Department (JPJ), the Fire and Rescue Department (BOMBA), RELA and ambulances. While the Police and JPJ teams conduct patrols and law enforcement on the highways, emergency response teams such as BOMBA and ambulances will be on standby at strategic toll plazas, ready to be deployed to incident locations when required.
Should highway users require assistance on the highway, call the toll-free PLUSLine at 1800-88-0000, or click the SOS button in the PLUS App. Regular Traffic updates are provided through the @PLUSTrafik Twitter service, the PLUS Application, PUTRI Chatbot, on electronic message boards (VMS) along the highway mainline, and also regular announcements via major radio stations.
Public facilities such as suraus and toilets at rest and service areas (R&R) will be available to users 24 hours a day. Alternatively, suraus and public toilets are also available at the toll plazas.
Highway users are reminded to ensure that they have sufficient balance in their Touch ‘n Go cards or e-Wallets (for RFID users) to make payments at toll plazas using Touch ‘n Go cards, SmartTAG devices, or RFID Tags. Touch ‘n Go top-up kiosks are also available at selected toll plazas or petrol stations along the highways.
Customer Service Assistants (CSA) will also be available at toll plazas and at the toll lanes to provide assistance to users facing any difficulties with their toll transactions. Kindly ensure to enter and exit the highway using the same payment mode to avoid difficulties at the toll plazas.
With a built-in journey planner, live CCTV feeds of critical locations along the highway, and a toll fare calculator, the PLUS App is highly recommended to help highway users better plan out their journeys, and it can be downloaded for free on the Google Play Store or Apple App Store. Other applications like Waze and Google Maps are also helpful in journey-planning.
Highway users are strongly advised to ensure that their vehicles are fit and safe for long-distance travel and have sufficient fuel. Drive safely by adhering to speed limits on the highway, maintaining a safe distance from the vehicle in front, and avoid driving when tired and allow time for breaks at R&Rs.
UEM SUNRISE FOSTERS THE SPRIT OF INCLUSIVENESS THIS NATIONAL MONTH
KUALA LUMPUR, 30 August 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, kickstarted the National Day and Malaysia Day celebrations with a campaign themed “Inspiring Malaysia” as a tribute to the extraordinary Malaysians who continue to inspire every day.
UEM Sunrise seeks to inspire the country through “Inspiring Malaysia” which tells the story of the people being a source of inspiration to become inclusive communities.
Our campaign theme also aligns with the essence of Merdeka, which is all about transformation – the momentous turning point for the country and all Malaysians in our unabating journey of nation-building.
Similarly, UEM Sunrise has also embarked on the path of transformation, bringing our three-pronged strategy of ‘Triage-Sustain-Stabilise’ into fruition. In our current Triage stage, we focus on expediting launches while prioritising and suturing issues that need immediate attention.
“As a leading property developer built and grown by Malaysians, we are surrounded by amazing people with various cultural backgrounds who inspire us to do better for our customers and communities every day - to create and transform spaces and places that instil inclusivity. Holding on to the idea that design should never discriminate, we are dedicated to creating spaces that nurture interaction, collaboration and understanding amongst one another,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
UEM Sunrise plays a crucial role in shaping and growing with the communities, especially close to its developments. For August, the Company launched its national campaign by joining hands with students from its adopted schools within its developments, including SK Medini in Johor and SK Kiaramas in Kuala Lumpur, alongside UEM Sunrise’s CHIEF Happiness Officers through a musical rendition of the timeless “Saya Anak Malaysia” tune.
In addition to strengthening the Company’s engagement with its adopted schools through the musical mashup, the collaboration also seeks to promote a sense of patriotism this National Day and Malaysia Day, imparting the notion of the Malaysian identity and inspiring a sense of inclusivity within the people.
"Part of our efforts to do something special for our communities is getting together with our adopted schools and celebrating the sense of inclusiveness with them. Instilling the value of patriotism encompasses everything, including showing respect for one another, fostering a positive attitude and appreciating a unique culture. As students here will become active citizens and future leaders of tomorrow, we want them to embrace the spirit of unity and togetherness during this month.
Through our CHIEF values, "Caring, Honest, Involved, Enthusiastic, Fun-loving and our tagline, “Find your Happy”, where we seek to inspire joy and happiness in everyone, our message of inclusiveness is an important element of our Malaysian fabric and narrative, and I have high hopes of conveying this to the students and the masses,” he added.
UEM Sunrise’s creative retail space, Publika Shopping Gallery, is hosting a live art initiative to promote the national identity and foster an inclusive community. The initiative features a local artist, Aimman Hafizal, with the participation of the Company’s CHIEF Happiness Officers. Additionally, the retail gallery is gathering local entrepreneurs selling locally made crafts, food, apparel, and many more in its “Merdeka! Bazaar”, a Malaysian-themed bazaar from 24 August to 4 September 2022. Shoppers can also redeem a special gift by spending RM300 and above in Publika Shopping Gallery while stocks last.
In celebrating 65 years of nationhood, UEM Sunrise has also prepared several special deals during this celebratory month, including fantastic rebates, rewards, and ready-to-move-in benefits. Featured developments include Allevia Mont’Kiara, KAIA Heights Equine, and Residensi AVA in the Central region; Estuari Gardens, Teega Residences, and Impiana in the Southern region; and Begonia, Broadhill and Arden Hill in Forest Heights, Seremban.
Find out more about UEM Sunrise’s “Inspiring Malaysia” National Day and Malaysia Day campaign at www.uemsunrise.com/highlights/happenings/inspiring-malaysia.
UEM Sunrise's "Inspiring Malaysia" campaign seeks to amplify a sense of appreciation and inclusiveness this National Day and Malaysia Day.
The students of SK Medini raising their flags up high in honour of the country’s 65th National Day.
The happy smiles of the children of tomorrow joining the “Inspiring Malaysia” campaign.
SK Medini boys donning the traditional Malay attire during the launch of UEM Sunrise's "Inspiring Malaysia" campaign.
UEM EDGENTA PARTNERS WITH HSBC AMANAH ON A SYARIAH COMPLIANT SUPPLIER FINANCING PROGRAMME TO SUPPORT SME AND MSME VENDORS
KUALA LUMPUR, 30 August – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company has collaborated with HSBC Amanah Malaysia Berhad (“HSBC Amanah”) to develop a Syariah Compliant Supplier Financing Programme (“SFP”) that benefits UEM Edgenta’s suppliers and vendors. This is a landmark transaction as HSBC Amanah is launching the bank’s first Islamic supply chain facility in Asia.
The Edgenta Supplier Financing Programme aims to complement the Malaysian Government’s Bumiputera Vendor Development Programme to nurture SME suppliers to grow to larger companies and obtain hassle-free access to affordable financing without collateral. The SMEs and MSMEs can leverage on UEM Edgenta’s strong balance sheet and the Company's long-term relationship with HSBC Amanah to obtain their working capital financing and enjoy early financing settlements. The Edgenta Supplier Financing Programme launch event took place on the 30th of August at UEM Edgenta’s Learning Centre and was graced by YB Tan Sri Noh Haji Omar, Minister of Entrepreneur Development and Cooperative.
“Our suppliers and vendors are a fundamental source of our day-to-day operations, this Supplier Financing Programme is a seamless method to accelerate vendors payment and ensure that they have the cash flow that they may need to carry out their contract obligation and deliver the goods and services on time,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta in his keynote address during the launch event.
“As we continue to support the Government’s nation building initiatives and to better the lives of communities we operate in, we are grateful to be able to provide relief and support to assist SME an MSME vendors in maintaining a healthy cash flow and to ensure that they continue to contribute to the national economy, post pandemic. This financing method will help to provide the necessary cash flow and working capital for our partner vendors,” added Syahrunizam.
"The significant partnership between HSBC and UEM Edgenta will be crucial to empowering UEM Edgenta’s supply chain partners and providing them with the requisite cash flow needed to facilitate their growth. HSBC’s involvement on this initiative also reinforces our commitment in supporting the Malaysian government in their efforts to ensure that SMEs have access to financing for their operations”, said YB Dato’ Omar Siddiq, CEO, HSBC Malaysia.
Since this programme’s introduction back in May 2022, over 380 SME and MSME vendors have been offered to onboard this programme. Phase 2 will be implemented in October and we plan to reach out to a further 422 SME and MSME vendors. The new Syariah Compliant Supplier Financing Programme which UEM Edgenta has partnered with HSBC Amanah on, is a further development of UEM Edgenta’s supply chain financing initiative.
UEM EDGENTA POSTS FIRST HALF REVENUE OF RM1.2 BILLION
KUALA LUMPUR, 26 August – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, announced its unaudited financial results for the period ended 30 June 2022 (“1H FY2022”) today.
The Company reported a net profit of RM20.2 million in 1H FY2022 on the back of RM1.2 billion revenue, as compared to RM14.4 million and revenue of RM1.0 billion respectively for the same period in FY2021, with an increase in year-on-year (“Y-o-Y”) revenue of 14.2%. The normalised net profit grew by 65.5% YoY, from RM16.7 million in 1H FY2021 to RM27.6 in 1H FY2022.
Comparing the second quarter of FY2022 (“Q2 FY2022”) with the immediate preceding quarter (“Q1 FY2022”), revenue grew to RM627.7 million, an increase of 16.4% from RM539.2 million in Q1 FY2022. Net profit for the quarter increased by 15.8% from RM9.4 million to RM10.8 million.
Growth in revenue for both year-on-year and quarter-on-quarter (“Q-o-Q”) was primarily driven by recovery of the economy post-pandemic, resulting to higher maintenance work performed for expressways and new contracts secured in the Healthcare division. The incremental financial performance is a testament of the Company’s pragmatic business fundamentals through its diversified portfolio and technology-enabled sustainable solutions across the Group. As of 30 June 2022, UEM Edgenta’s balance sheet remains healthy with low gearing ratio at 0.3 times.
The Company’s orderbook stands at RM10.5 billion and we continued to win new contracts in first half of FY2022. International markets and technology-enabled contracts continue to lead the new contract wins, both contributed ~70% of these new contracts, affirming the Company’s international market expansion and becoming a technology-enabled solutions company strategies.
While the Group’s long-term growth trajectory remains intact, amidst a more robust economic recovery, the management is cautiously optimistic, on the outlook for this year considering the uncertainties brought about by global economic slowdown, supply chain disruption, inflationary pressures and increase in minimum wage in Malaysia
“The Company shall remain vigilant and prudent in managing operating costs, while we continue to expand our footprint in high growth markets, namely the Middle East, where we are expecting to secure and leverage on new partnerships in the near future, bringing our portfolio of Sustainability Programs, Digital and Tech Solutions to the market,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
“Underpinned by the Edgenta of the Future 2025 (“EoTF 2025”) vision of becoming a technologyenabled solutions company with a focus on healthcare by 2025, the on-going assimilation and the commitment of Environment, Social and Governance (“ESG”) principles across the Group’s business solutions, operations and resources deployment, shall place us in a better position for growth opportunities in this challenging economic and market condition, while we continuously strive to support the government in our nation building agenda”, added Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
UEM Edgenta has continued to provide uncompromised healthcare support services to all public and private hospitals under its care in the region. The Company strive to drive resilient growth through Tech-enabled solutions and Sustainability programs across its operations while continue with digital transformation through Edgenta NXT and to provide the wider market with end-to-end cloud infrastructure services across Malaysia, Singapore, Indonesia, Taiwan, India, United Arab Emirates and The Kingdom of Saudi Arabia.
(UEM SUNRISE) ROBUST REVENUE GROWTH GAVE RISE TO A PROFITABLE PERFORMANCE IN THE FIRST HALF OF 2022
KUALA LUMPUR, 24 August 2022 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") today announced its financial results for the six months ended 30 June 2022. The Company continued to be profitable as it recorded a revenue of RM781.5 million compared to RM501.8 million in the first half of 2021 driven by higher progress billings and construction progress from local developments, mainly Residensi Solaris Parq in Dutamas, Serene Heights in Semenyih, Aspira ParkHomes in Gerbang Nusajaya, Senadi Hills in central Iskandar Puteri, Residensi Astrea in Mont'Kiara and higher sales of Estuari Gardens in Puteri Harbour. Revenue was also supported by the sale of 19 industrial plots in the Southern Industrial and Logistics Clusters and the divestments of few non-strategic lands; mainly the 431 acres of land in Mersing, Johor recognised in the reporting quarter. The transaction was executed in July last year.
In tandem with the higher revenue, and improvements in other income and favourable share of results from associates and joint ventures, largely from Nusajaya Tech Park and Horizon Hills in Iskandar Puteri, UEM Sunrise recorded a significant improvement in its earnings position. It disclosed a profit after tax and non-controlling interests of RM39.7 million for the first half of 2022. This is a positive recovery in contrast to its performance in the same period last year, which was a loss of RM11.7 million.
UEM Sunrise introduced its three-pronged turnaround strategic plan in the fourth quarter of 2021 and has since embarked on several initiatives under its first stage; Triage, where amongst its plans was to stabilise the Company, restore investors’ confidence and return to profitability. These initiatives are expected to be deployed towards the end of 2023, to prepare UEM Sunrise to enter into the Stabilise stage.
The launches of its product pipeline are on track. The Company has made plans to launch the second phase of KAIA Heights in Equine Park, new phases in Serene Heights and a proposal to introduce MK 31 in Mont’Kiara in the second half of this year. All these projects are in the Central region. In Southern, the Company plans to launch Aspira Gardens in Gerbang Nusajaya and Senadi Hills, whilst discussions are ongoing to unveil a new development in Collingwood, Melbourne.
Property sales in the first half of 2022 was RM439 million. 57% was contributed by projects in the Central region led by KAIA Heights, followed by Residensi Allevia in Mont'Kiara and Serene Heights, and 39% was from Southern mainly Estuari Gardens, Aspira LakeHomes in Gerbang Nusajaya and Teega in Puteri Harbour. The remaining 4% was from Conservatory in Melbourne; unsettled units which were re-sold to replacement buyers. To-date, only one unit remains for sale. The Company’s unbilled sales as at 30 June 2022 is RM2.3 billion.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "Our financial performance has been improving as evidenced from our profit in this financial period. This momentum is expected to continue throughout the remaining year. We are pleased that the initiatives carried out under the Triage segment of our strategy have been showing positive outcomes. Our emphasis was on improving cost structures, and resorting to bulk purchase of materials, bundling of service contracts and entering into vendor partnership programmes as means to achieve cost efficiencies. We are also leveraging on these initiatives to mitigate the increase in prices of materials”.
"Our priority in the meantime is to strengthen our product pipeline and focus on property development activities. Plans to launch the targeted projects remain intact. We expect to launch them in the second half of 2022. Our planned development in Taman Connaught, Cheras will be deferred to next year with plans for launch in early 2023”.
He continued, “To further reinforce our future pipeline, we acquired a 6.4-acre freehold land in Jalan Sultan Yahya Petra in early August. The land has a planning approval for a mixed commercial development comprising shopping complexes, offices, serviced apartments and hotels. We consider the acquisition as value for money as the land comes with an approved development order and is not subject to any affordable home requirement. The land is also very strategic in terms of location as it is situated at the intersection of Jalan Sultan Yahya Petra and Jalan Padang Tembak, and easily accessible to the Duta-Ulu Kelang Expressway or DUKE. We target to launch this new development in early 2024”.
On the Company’s strategy on the divestment of non-strategic lands and non-core businesses, “We have recognised some proceeds from the divestment of our nonstrategic land in Mersing in this second quarter. We also divested about 107.8 acres of lands in Gerbang Nusajaya as part of an in-kind settlement of the 6.4-acre land acquired in Jalan Sultan Yahya Petra. Our latest divestment activity is the sale of our entire equity interest in our company in South Africa which held a 31-acre land in Durban together with the Durban municipal council for Rand 143 million, or RM38 million. This divestment is important for the group as it marks our historic exit from South Africa. With this, we are able to focus and plan the reallocation of our resources in areas and businesses where we have competence, presence and visibility”.
In terms of sales, “We have embarked on initiatives that focus on customer-centricity, with the Product Branding Series set to be unveiled soon – UEM Sunrise’s product segmentation to design and create spaces for customers in each of their life stage. The Triage stage is linked to the Product Branding Series in an effort to get back on track towards sustainable growth and develop products that offer value to our customers, which are relevant and applicable to various stages of their life cycle. We reward our buyers with unique value propositions, embedding sustainability features within each development and offering reasonable pricing. This strategy is a vital component of our long-term plan to transform UEM Sunrise into a competitive and balanced real estate player. Our latest sales and marketing programme is the ‘Inspiring Malaysia’ campaign where we offer selected properties with rebates, rewards and ready to move-in benefits. The offer is from 8 August to 18 September. We also partnered up with Affin Bank in the ‘Home Step Fast/i’ campaign specially tailored for fresh graduates, young homebuyers and investors, allowing them to pay low monthly repayments for the first five years upon project completion without a lock-in period and no early settlement fee. Meanwhile, our collaboration with Maybank continues with the successful HouzKEY campaign”.
The Company will continue with its three-prong strategy; Triage, Stabilise and Sustain, focusing on the planned initiatives under Triage. It supports the nation's transition into endemicity and will continue to execute deals and implement programmes for the benefit of its stakeholders. However, given the escalation of geopolitical conflicts and worsening supply chain disruptions, the likelihood of the sector being affected by these headwinds is inevitable, giving rise to a challenging outlook ahead. In the interim, it maintains its sales and GDV targets of RM1.5 billion and RM3.3 billion, respectively for 2022.
PLUS DAN VOLVO TRUCKS MALAYSIA BERKERJASAMA DALAM MEMACU KESELAMATAN DAN MEWUJUDKAN PENYELESAIAN LESTARI UNTUK KENDERAAN BERAT
PLUS Malaysia Berhad (PLUS) and Volvo Trucks Malaysia (Volvo) are collaborating in driving safety and co-creating sustainable solutions for the heavy vehicles industry in Malaysia. The Managing Directors of both PLUS and Volvo Trucks Malaysia formalized the alliance through a signing ceremony at Persada PLUS recently.
This unique and inaugural collaboration includes exchanging industry-leading expertise and technology insights as well as resources towards achieving a safer system for heavy vehicle users.
The collaboration will also set a path for PLUS to plan and facilitate the future development of electric vehicle charging stations for commercial vehicles on PLUS managed highways. According to PLUS Managing Director, Datuk Azman Ismail, “PLUS is currently facilitating the development of charging infrastructures needed to support passenger electric vehicles on our highways. This will also enable us to include our preparation for electric trucks and commercial vehicles in the future.”
Volvo Trucks Malaysia will soon be introducing their first Electromobility range in Malaysia in line with their global effort in supporting the lower emissions agenda.
PLUS is committed to continue to champion safety along the highway through the 3E approach that includes aspects of Engineering, Enforcement, and Education to further improve the level of safety on our highways. PLUS and Volvo will also work together in developing a heavy vehicle safety programme, with the aim of equipping drivers with better safety knowledge and handling of heavy vehicles. This safety programme will be extended to PLUSTrack members to further enhance their safety on PLUS highways.
"PLUSTrack is a programme developed by PLUS for commercial and heavy vehicle customers on our highways. The programme aims to help uplift the experience of our commercial vehicle customers whilst adding value via loyalty rewards, privileges and educational sharing by our partners,” added Datuk Azman.
According to Volvo Trucks Malaysia Managing Director Anthony O’ Connell, “The transport industry is evolving at unprecedented pace. Technological innovations have moved us towards greater efficiency and higher safety standards and Volvo Trucks stands at the forefront of driving these possibilities. The potential offered by automation, electromobility and connectivity, through the digitization of the transport system, is immense.”
"Simply by being the leader that has access to data to fleets in real world scenarios and deployments, we will emerge as the foremost leader to drive adoption and scaled benefits of both fleet and business impact as a whole,” he added.
"Sustainability has become a hugely powerful force that is a constant debate in the mobility space. We have made our position clear to all, that Volvo Trucks is determined to drive our industry towards a sustainable future,” he said.
"We continue to be a leading global transport solution provider, and we will work together with PLUS as the biggest highway operator in Malaysia to drive the change. The heights of where both leaders can scale as the core of the ecosystem for the future of mobility for Malaysia are significant and we are excited of what we will drive towards tomorrow,” Anthony O’ Connell further explained.
With the first milestone of introducing the Iron Women Programme, a Volvo Group Global Initiative, this strategic partnership will enable Volvo to uplift the socio-economic status of professional truck drivers in Malaysia and push for gender inclusivity, ultimately addressing the shortage of skilled and certified drivers in the industry. PLUS will also share the programme with its PLUSTrack members as part of Volvo’s outreach to heavy vehicle customers.
"It is always exciting to be at the forefront of change. We truly hope that this partnership with VOLVO Trucks Malaysia will be a positive move forward towards improving the safety of highway customers and to spur the drive of electromobility in the commercial vehicle industry,” Datuk Azman concluded.
UEM SUNRISE ACQUIRES PRIME FREEHOLD LAND IN JALAN SULTAN YAHYA PETRA, 2KM AWAY FROM KLCC
KUALA LUMPUR, 5 August 2022 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company"), one of Malaysia's leading property developers, has acquired 6.39 acres of prime freehold land in downtown Kuala Lumpur, at the intersection of Jalan Sultan Yahya Petra (formerly known as Jalan Semarak) and Jalan Padang Tembak for a total consideration of RM384.0 million.
UEM Sunrise signed a Sale and Purchase Agreement with Nipponkey Sdn Bhd ("Nipponkey"), the landowner, with preliminary plans of developing residential products catering to young homeowners and working professionals looking for proximity to the Kuala Lumpur City Centre (KLCC).
The development has an estimated total Gross Development Value of RM1.5 billion and is slated for a 2024 launch.
"The land sits at a very strategic location of just being at the doorstep to the KL City Centre via a short drive along Jalan Sultan Yahya Petra and Jalan Tun Razak. We have observed a high and sustained demand for small to mid-sized products close to KLCC and priced below the RM1.0 million price point.
"We are confident that this development would be a welcomed addition to city dwellers looking for the convenience coupled with the lifestyle that comes with living in the heart of KL," said UEM Sunrise Chief Executive Officer Sufian Abdullah.
The development boasts an unobstructed view of the KL City skyline, including the Titiwangsa Lake Garden. It has excellent connectivity to the other parts of the city via major highways including the Duta Ulu-Kelang Expressway (DUKE), Ampang-Kuala Lumpur Elevated Highway (AKLEH), Maju Expressway (MEX) and the Kuala Lumpur Middle Ring Road 1 (MRR1).
With the eventual opening of the Raja Uda MRT station scheduled for January 2023, which is located 1.5km from the site, residents will enjoy the benefits of being near the city's public transportation rail network.
Residents of the development will also be delighted by the excellent accessibility to the abundance of nearby amenities and conveniences, including shopping malls such as Suria KLCC, Pavilion Kuala Lumpur, The LINC KL and healthcare providers including Kuala Lumpur Hospital, National Heart Institute and Gleneagles Hospital Kuala Lumpur.
With the many embassies and multi-national companies in the nearby areas, residents can also be assured of international and private schools within the 5km radius such as Sayfol International School and the International School of Kuala Lumpur.
The acquisition will be satisfied partly via cash amounting to RM235.8 million with the remaining total consideration anticipated to be settled in-kind via the Company's lands in Gerbang Nusajaya in Iskandar Puteri, Johor measuring 107.82 acres.
The arrangement allows UEM Sunrise to rebalance its landbank portfolio, divesting the lands in Gerbang Nusajaya in exchange for lands located in the Central region that can provide a quick turnaround. The development of this 6.39-acre prime land is anticipated to reinforce and stabilise the Company's future product pipeline in line with its "Triage, Stabilise, Sustain" strategy in transforming the Company into a balanced real estate player.
"We are satisfied with the fair value of the land in Jalan Sultan Yahya Petra, considering the size and its strategic location in addition to a readily available set of plans to kickstart the development. The transfer of the lands in Gerbang Nusajaya to Nipponkey as in-kind payment for the 6.39-acre land, allows us to unlock further value of our lands in Iskandar Puteri. UEM Sunrise remains on a lookout for lands that can provide value to our customers and shareholders while fortifying our launch funnel in the short to medium term," said Sufian.
With the latest addition, UEM Sunrise's total landbank in the Greater Kuala Lumpur area stands at approximately 655.8 acres amounting to an estimated total of RM30.7 billion in Gross Development Value, providing the Company with resilient and sustained growth in the long term.
Located at the intersection of Jalan Sultan Yahya Petra and Jalan Padang Tembak, UEM Sunrise has preliminary plans to develop residential products to suit young homeowners and working professionals looking for close proximity to the KL City Centre.
UEM EDGENTA STRENGTHENS PRESENCE IN THE KINGDOM OF SAUDI ARABIA (KSA) VIA PARTNERSHIP WITH MOHAMMED I. ALSUBEAEI & SONS INVESTMENT COMPANY (MASIC)
KUALA LUMPUR, 30 September – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, announced today that its wholly-owned subsidiary, Edgenta Arabia Limited (“EAL”) has entered into a Share Purchase Agreement (“SPA”) with MASIC for the investment of a 60% equity stake and provision of growth capital in MEEM for Facilities Management Company (“MEEM”).
Established in 2017, MEEM is a homegrown facilities management (“FM”) company founded by MASIC, a leading Saudi investment company in KSA with investments spanning across financial services, real estate, and public and private equity. MEEM’s FM capabilities include the provision of hard and soft FM services, specialized and support services to commercial, industrial, education and residential properties in Kingdom of Saudi Arabia (“KSA”), with a workforce of more than 150 employees.
“The investment of a 60% stake in MEEM came at an opportune time as the Company solidifies its footprint in KSA as the new growth market. MEEM is the first of the many collaboration and partnership opportunities between UEM Edgenta and MASIC, with a focus on Integrated Facilities Management (“IFM”) and Healthcare projects where UEM Edgenta’s strong credentials can be deployed across the local KSA market,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
MASIC’s CEO, Hani Halawani, stated: “MASIC is pleased to partner with UEM Edgenta Berhad in the promising Saudi facility management industry. We look forward to expanding MEEM’s capabilities in KSA by leveraging on UEM Edgenta’s technology solutions in digital platforms and energy management programs, and are confident that this partnership will take MEEM to a new level in its development journey”. Anchored by Saudi Arabia’s Vision 2030, the KSA’s facility management market is expected to grow by a CAGR of 6.2% to USD35 billion by 2028, accounting for c.50% of spend in Gulf Cooperation Council (“GCC”) region. Mega projects such as Neom, Red Sea, AMAALA and Qiddiya will be the catalysts for UEM Edgenta and MASIC to co-develop world class IFM services in KSA before expanding further into the broader GCC region.
"Together with MASIC as UEM Edgenta’s strong and supportive local strategic partner, we aspire to transform MEEM to be a leading IFM company. Imbuing UEM Edgenta’s inhouse sustainability and tech solutions, MEEM will be the early adopter of the Smart Facilities Management solutions in KSA,” added Syahrunizam Samsudin.
It is the Company’s goal in creating an integrated and sustainable global UEM Edgenta franchise in line with the Edgenta of the Future 2025 vision (“EoTF 2025”). The partnership with MASIC and the investment of a controlling stake in MEEM cements the Company’s strategy in expanding its Integrated and Smart Facilities Management expertise in the international markets, complemented by Edgenta NXT’s proprietary technology solutions such as the Software-as-a-Service Asset Management platform, asseto.
The proposed investment into MEEM is expected to complete by 1Q 2023 upon fulfillment of the local regulatory approvals and conditions precedent of the agreement.
UEM SUNRISE PENS MOU WITH PETRONAS SUBSIDIARIES TOWARDS A SHARED SUSTAINABILITY AGENDA
KUALA LUMPUR, 22 September 2022 – UEM Sunrise Berhad (“UEM Sunrise”) or the “Company”), one of Malaysia’s leading property developers, has inked two Memoranda of Understanding (“MoU”) with Petroliam Nasional Berhad (“PETRONAS”)’s wholly-owned subsidiaries, PETRONAS Global Technical Solutions Sdn Bhd (“PGTSSB”) and Gentari Sdn Bhd (“GENTARI”) respectively to explore opportunities for collaboration in the adoption of renewable, green energy and mobility as well as forming intelligent, sustainable cities for the future.
UEM Sunrise and PETRONAS are moving towards a mutual goal of achieving net zero carbon emissions by 2050; by leveraging each other’s technologies, expertise and resources to accelerate the adoption of renewable energy, green mobility, and smart sustainable cities in short, medium and long-term. In addition, the partnership aligns with one of the United Nations Sustainable Development Goals 2030 (UNSDG), particularly goal number 17, “Partnership for the Goals”.
The collaboration will also include incorporating existing and new sustainable solutions within UEM Sunrise developments, with the Company being the first property developer to partner with the two PETRONAS subsidiaries.
"We are excited to work alongside like-minded entities such as PGTSSB and GENTARI towards a shared goal of achieving Carbon Neutrality by 2050. With our strategic partnership, I’m confident that we are heading in the right direction toward our goals. This will be a start to a mutually beneficial partnership that can bring long-term sustainable value for the communities we serve,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
In the immediate term, the collaboration with GENTARI will explore the introduction of low-carbon solutions, specifically EV charging points and an electric forecourt at UEM Sunrise facilities, as well as solar farms at UEM Sunrise lands.
Whereas in the long term, the MoU with PGTSSB will explore low carbon and nature-based solutions such as:
- Smart Green Energy Solutions and Renewable Energy – Implementing practical, clean energy solutions that will tackle climate change issues in stages.
- Circular Economy – Implementing a full cycle resource management by increasing recycling capacity and embodying the zero-waste concept.
- Sustainable technical and technology solution – Implementing new hi-tech development solutions that are resilient, environmentally, and user-friendly will create positive social change in the community.
Overall, the collective effort is expected to benefit the respective businesses’ sustainability goals and propel Malaysia into becoming a net zero country by 2050.
Representing GENTARI, PETRONAS’ Head of Clean Energy Solutions Transition, Shahrizal Yang Razalli said, "The transition towards cleaner energy provides significant opportunities in Malaysia. Collaborating with a partner similarly passionate about this transition such as UEM Sunrise, will help GENTARI to advance our integrated efforts in driving the switch towards sustainable mobility and adoption of renewable energy. With this collaboration, GENTARI continues to live up to our purpose of solving the world's most pressing sustainable energy needs, providing solutions that can change how we live today for a better future."
PGTSSB Chief Executive Officer Annaliz Abu Bakar added, PGTSSB is excited to enter into this strategic collaboration as we expand our expertise beyond the energy industry. We are confident that the synergy will continue to grow through both companies’ touch points, to benefit more stakeholders as Malaysia moves towards being a carbon-neutral country by 2050.”
The collaboration is an integral part of UEM Sunrise’s continuous sustainability ambition based on its Sustainability Blueprint 1.0, which focuses on key aspects of Environmental, Social and Governance (ESG) by outlining a step-by-step approach towards a low carbon future by 2030, Ambition Zero by 2040 and Carbon Neutrality by 2050.
(From left to right) PETRONAS Global Technical Solutions Sdn Bhd Chief Executive Officer Annaliz Abu Bakar, UEM Sunrise Chief Executive Officer Sufian Abdullah and PETRONAS’ Head of Clean Energy Solutions Transition, Shahrizal Yang Razalli posed for a group photo after signing their respective MoUs.
OPUS CONSULTANTS PROPOSES TO RELOCATE ITS HEADQUARTERS IN SARAWAK
KUALA LUMPUR, 20 September – OPUS Consultants (M) Berhad (“OPUS Consultants”), a leading Asset Management and Infrastructure Solutions company in the region and a wholly owned subsidiary of UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), has recently proposed to expand its service center and to establish OPUS Consultants’ headquarters in Sarawak.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta with Tan Sri Dr. Azmil Khalid, Chairman of UEM Edgenta, Mr. Shariman Yusuf, Managing Director of Edgenta Propel Berhad and Ir. Vincent Tang, Managing Director of OPUS Sarawak, paid a visit to the Premier of Sarawak, Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari to share details on UEM Edgenta and OPUS Consultants’ business plans in Sarawak.
"We proposed to the Premier of Sarawak to allow us to work with the Sarawak Government and to provide his consent for us to have our new headquarters at OPUS Consultants Sarawak," said Syahrunizam.
"The Premier of Sarawak is very pleased for us to proceed with the proposal, we will work with Sarawak Economic Development Corporation ("SEDC") and PPES Consult Sdn Bhd ("PCSB") to develop the state of Sarawak towards becoming a high-income state by 2030, in line with the vision of the Premier of Sarawak. On the collaboration with SEDC, OPUS Consultants will establish a centre for facility and supply chain management in the Sarawak state," added Syahrunizam.
With more than 30 years of experience in delivering mega projects, OPUS Consultants, the market leader in engineering and asset management consultancy currently manages the lifecycle of more than 4,000 km (four thousand kilometers) of toll expressways, road construction and upgrading projects in Sabah and Sarawak providing innovative yet practical solutions for large-scale infrastructure and transportation projects.
ZURICH MALAYSIA GO THE EXTRA MILE TO OFFER PLUS HIGHWAY CUSTOMERS ADDED PEACE-OF-MIND
Zurich Malaysia (Zurich) and PLUS Malaysia Berhad (PLUS) have plans to expand protection for road mobility when they announced a collaboration that will complement the highway concessionaire’s service to all PLUS highway customers. The move is part of an innovation by Zurich to enhance and provide peace-of-mind for customers on the go via curated takaful plans. The first product to be introduced under this collaboration between Zurich and PLUS is the Z-ProMiles Takaful.
"The Z-ProMiles Takaful is offered to PLUSMiles members (PLUS rewards program) that provides Inconvenience Benefits, Hotel Accommodation and Car Replacement Allowance should the customer require additional coverage while travelling on PLUS highway. This is on top of accidental death, accidental permanent disablement and accidental hospital income benefits,” said Zurich General Takaful Chief Executive Officer, Shamsul Azman.
According to Shamsul, Z-ProMiles Takaful is easily accessible and provides on-the-go protection that allow PLUS highway customers who are also PLUSMiles members to choose the coverage plan that best suit their travel plan needs and budget.
Shamsul added, “Every life is precious. Many lives are at stake on the road every day, and the best thing one can do is to protect ourselves and loved ones in addition to being careful when travelling, especially on highways. As fellow road users, we understand the frustration when unpredictability affects us on the road. Motor vehicle coverage is a fallback plan for our mode of transportation, but many are not protected against unexpected events such as a breakdown on the highways.”
“Zurich is committed to alleviating some of the challenges road users face when commuting as part of our care for customers. Through our collaboration with PLUS, we are able to introduce this takaful product through a simple digital application. This helps to provide customers peace-of-mind when they travel on PLUS highway network,” added Shamsul.
According to Managing Director of PLUS, Datuk Azman Ismail, “Highway customers’ safety and comfort is our primary concern. We continuously strive to provide value-added services and facilities to enable an enjoyable and comfortable journey on our highways. Over the years, we are guided by our 3E road safety principles of Engineering, Enforcement and Education. At the same time, we always look for potential partners and collaborators to help us elevate our proposition to our highway customers.”
"PLUS is driving road safety through its highway patrolling team, PLUSRonda, Traffic Monitoring Centre, periodical road safety audits, continuous engagement and collaborations with the Police and Road Transport Department (RTD),” he added.
"We are pleased that Zurich Malaysia shares our aim of providing more convenience to our highway customers. This collaboration complements our efforts to make our highways safer and will benefit many Malaysians,” Datuk Azman said.
To apply for the Z-ProMiles Takaful coverage, PLUS highway customers can register as a PLUSMiles member via the PLUS App or visit the portal at https://pluscare.plus.com.my and participate in the Z-ProMiles Takaful plan.
“The Z-ProMiles Takaful coverage covers certain traffic incidences on PLUS-operated highways namely the North-South Expressway (NSE), New Klang Valley Expressway (NKVE), Seremban-Port Dickson Highway (SPDH), North-South Expressway Central Link (ELITE) Highway, the Malaysia-Singapore Second Crossing (LINKEDUA), Butterworth-Kulim Expressway (BKE), and the Penang Bridge,” Shamsul elaborated.
"This is our first collaboration with PLUS. We look forward to offering other new products and collaborations with other partners in the future,” he concluded.
(UEM EDGENTA) DRIVING TECHNOLOGY EXPANSION ACROSS BOARDERS
KUALA LUMPUR, 20 October – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, through its subsidiary, Edgenta NXT Sdn Bhd (“Edgenta NXT”), has entered into a tripartite Memorandum of Business Exploration (“MOBE”) agreement with Sumitomo Corporation Asia & Oceania Pte Ltd, Kuala Lumpur Branch (“Sumitomo”) and SoftBank Corp. (“Softbank”), with the purpose of a global business and technology strategic partnership to create smart and sustainable city solutions of the future.
Sumitomo Corporation is a leading Fortune 500 global trading and investments company with presence in 66 countries globally and operates in metal products, infrastructure, transportation & construction systems, media and digital, living and real-estate, financial services, logistics, energy, mineral resources, chemical and electronics industries. SoftBank provides telecommunications services and combines them with advanced technologies to develop and operate new businesses in Japan and globally.
The MOBE handshake was sealed at an engagement event which took place on the 18th of October at UEM Edgenta’s head office, attended by the senior management team from Edgenta, Sumitomo, and SoftBank.
UEM Edgenta is a leading Asst Management & Infrastructure Solutions company with presence in 6 core markets – Singapore, Taiwan, Indonesia, Malaysia, India, the UAE and more recently Kingdom of Saudi Arabia and aims to be an enabler for Smart Cities and Sustainable Solutions, aligned with the Company’s ambition of becoming a technology-enabled solutions company by 2025.
The multi-faceted partnership will help accelerate business goals and allows customers to experience the best of each company: Asset Management & Infrastructure Development, Industrial Machinery & Equipment, Commercial Asset Leasing & Financing, Technology and Digital Solutions, and a strong global presence.
In a world driven by cloud, data, and technology, the leading asset & facility management of the future will require new tenets to ensure they are agile, autonomous, and highly competitive. Edgenta, Sumitomo, and SoftBank will meet this challenge together by offering end-to-end smart and sustainable cities solutions that encompass the cloud, Internet of Things and AI in optimising energy consumption, predicting asset failures, and automating work order assignment based on machine learning and real-time data. Customers will be able to accelerate their business and digital transformation by drawing on the parties’ complementary capabilities, from consulting, technology deployment, and operations management to overseeing their assets and facilities.
“Revenue streams in Southeast Asia has been commendable notwithstanding the recent pandemic, but it can now be considered as a matured market in most parts. It is now time for us to venture into international markets where we see plenty of exciting development and growth opportunities," said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
The Company’s orderbook stands at RM10.5 billion and UEM Edgenta continues to win new contracts in first half of FY2022. International markets and technology-enabled contracts continue to lead the new contract wins, both contributed to more than 70% of these new contracts, affirming the Company’s international market expansion and becoming a technology-enabled solutions company strategies.
The Company strive to drive resilient growth through Tech-enabled solutions and be an enabler of Smart and Sustainable Cities Solutions across its operations while continuing with digital transformation through Edgenta NXT and providing the wider market with end-to-end services and technology solutions across Malaysia, Singapore, Indonesia, Taiwan, India, United Arab Emirates and The Kingdom of Saudi Arabia.
UEM EDGENTA ACCELERATES DELIVERY OF SMART CITY SOLUTIONS IN INTERNATIONAL MARKETS
DUBAI, 17 October – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, has entered into a Memorandum of Business Exploration (“MOBE”) agreement with ITMAX System Berhad (“ITMax”) with the purpose of a global business and technology strategic partnership to deliver Smart City Solutions in the United Arab Emirates (“UAE”), The Kingdom of Saudi Arabia (“KSA”); and offer Smart Facilities Monitoring & Management programs in Malaysia.
ITMAX is a provider of Public & Private Space Network Systems Infrastructure that focuses on smart traffic management and artificial intelligence solutions that promote smarter and safer living in cities, townships, and municipalities.
The MOBE signing ceremony happened on the 11th of October in Dubai. In attendance was Yang Berbahagia Tuan Fadly Amri, Consul General of Malaysia to the United Arab Emirates, William Tan, Managing Director/Chief Executive Officer of ITMAX System Berhad, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, the senior management team from UEM Edgenta and ITMAX, business partners, as well as clients.
The future of Facilities Management is one that is driven by technology, connectivity, and customer experience. In many parts of the world today, Facilities Management is becoming a commodity. The next few years will be the defining moment for the industry. The next-generation solutions are taking shape in the market, technology-enabled services with the deployment of IoT, Big Data, and advanced connectivity are driving digital transformations for both service operators and clients, turning buildings intelligent, and reducing total lifecycle costs of assets.
The partnership will focus on extending Edgenta’s solution offerings into smart security and surveillance, especially in public/community spaces. The solution empowers authorities from townships and municipalities to react proactively to critical and emergency events. These technologies help achieve a safer environment and drive a better user experience.
“Edgenta is committed towards building a portfolio of solutions for smart cities – an anchor strategy towards being a tech-enabled Facilities Management company. Edgenta NXT together with our execution arm around the world, is building a smart platform that is agile, autonomous, high-interoperable on a cloud infrastructure that allow us to scale and integrate with partners in a very agile manner globally. To this end, we are excited to be able to feature one of the many solutions that we are bringing to the UAE together with our strategic partner, ITMAX,” said Rais Imran, Chief Strategy Officer of UEM Edgenta.
With business footprint in 6 core markets – Singapore, Taiwan, Indonesia, Malaysia, India, the United Arab Emirates and more recently, the Kingdom of Saudi Arabia. Among its identified growth markets, KSA and the UAE are of particular interest. UEM Edgenta’s second largest Integrated and Smart Facilities Management market after Malaysia, Dubai, has encouraging growth prospects with one of the fastest-growing economies in the world where plenty of world’s first infrastructure are developed or being developed. UEM Edgenta aims to capitalize on that growth and expand our solution offerings, both from a service and technology perspective and will continue to work with partners to accelerate the growth of our ecosystem to extend these end-to-end capabilities to our clients.
The Company’s orderbook stands at RM10.5 billion and UEM Edgenta continues to win new contracts in first half of FY2022. International markets and technology-enabled contracts continue to lead the new contract wins, both contributed to more than 70% of these new contracts, affirming the Company’s international market expansion and becoming a technology-enabled solutions company strategies.
The Company Strive to drive resilient growth through tech-enabled solutions and sustainability programs across its operations while continue with digital transformation through Edgenta NXT to offer end-to-end services and technology solutions across Malaysia, Singapore, Indonesia, Taiwan, India, United Arab Emirates and The Kingdom of Saudi Arabia.
OVER RM900 MILLION WORTH OF HIGHWAY CONTRACTS AWARDED ANNUALLY TO LOCAL VENDORS FOR THE PAST FIVE YEARS BY PLUS
- PLUS recognised by the Government as top 26 Anchor Companies in delivering Bumiputera Economic Transformation Agenda, in the 2030 National Shared Prosperity Vision
PLUS Malaysia Berhad (PLUS) has awarded over RM900 million annually in past 5 years to over 600 qualified vendors, comprising of Small and Medium Enterprises (SMEs) companies, covering contract awards and purchases. It strongly affirms PLUS’ commitment to develop local vendors.
"Prior to the Covid-19 pandemic, contracts worth over RM1 billion were awarded annually to qualified vendors in sustaining our highway operations,” explained PLUS Managing Director, Datuk Azman Ismail.
PLUS has been selected as one of the 26 anchor companies by the Ministry of Entrepreneur and Cooperatives Development (KUSKOP) under Ministry’s Vendor Development Programme in line the Government’s Bumiputera Economic Transformation Agenda stated in the 2030 Shared Prosperity Vision.
“Under the Vendor Development Programme, PLUS actively nurtures and provides strategic platforms for registered vendors to expand their businesses and develop their capabilities and expertise,” he added.
Currently, a total of 1,200 local vendors ranging from contractors, consultants as well as suppliers offering a wide range of products and services covering maintenance, upgrading works, operations, highway technologies, ICT and corporate services are successfully registered with PLUS.
"PLUS’ robust procurement activities enables local sub-contractors and suppliers to participate in the highway industry and ecosystem. This offers wider business opportunities for small and medium enterprises with the aim of sustainable development for growth,” explained Datuk Azman.
He was quoted at the first-ever PLUS Procurement Day, an event officiated by the Secretary General, Ministry of Entrepreneur and Cooperatives Development, Dato' Suriani Dato' Ahmad representing the Minister of Entrepreneur and Cooperatives Development, Yang Berhormat Tan Sri Noh Haji Omar at Persada PLUS today. Also present at the event were PLUS Management Team and employees and over 100 vendor representatives.
"The PLUS Procurement Day is aimed at acknowledging the contributions and support of local vendors and contractors in ensuring smooth and efficient highway operations and services. The event will be held from time to time to enable and ensure our vendors and contractors to receive the latest company directives including the highway technologies and customers’ expectations and requirements,” said Datuk Azman.
Apart from elevating procurement operations and ensuring smoother digitization processes, PLUS’ Procurement team also focuses on strengthening its rapport with its stakeholders, most notably the vendors. The PLUS Procurement team will be introducing Green Initiatives in the procurement processes in 2023 where continuous advocacy programmes will be held for registered vendors.
The PLUS Procurement Day event also saw the Secretary General Ministry of Entrepreneur and Cooperatives Development presents Vendor Performance Certificates acknowledging outstanding PLUS vendors.
UEM EDGENTA POSTS A DOUBLE DIGIT REVENUE GROWTH FOR 9M FY2022
KUALA LUMPUR, 29 November – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company announced its unaudited financial results for the period of nine months ended 30 September 2022 (“9M FY2022”) today.
The Company reported a net profit of RM24.6 million in 9M FY2022 on the back of RM1.8 billion revenue, which is 13.7% higher than the same period last year. Profit before tax (“PBT”) stood at RM55.3 million in 9M FY2022, 22.1% higher than RM45.3 million recorded in the same period last year.
After a strong first half of FY2022, growth momentum for the third quarter was moderated by the intensifying inflationary pressure and supply chain disruptions. Comparing the third quarter of FY2022 (“Q3 FY2022”) with the immediate preceding quarter (“Q2 FY2022”), revenue grew by 3.0% or RM18.5 million to RM646.2 million in Q3 FY2022, while net profit fell by 59.3% from RM10.8 million to RM4.4 million, primarily due to a one-off provision of impairment loss on inventories and the cost escalation in its business operations.
Growth in revenue year-on-year (“Y-o-Y”) was mainly driven by higher revenue generated from the Healthcare Support Services division through the expansion into integrated healthcare solutions offerings in Malaysia as well as extending services to the adjacency sectors in Singapore and Taiwan, namely, the hospitality and semiconductor sectors. Growth was also demonstrated in the Infrastructure Solutions business, driven by higher volume of maintenance works performed following the lifting of the movement control order by the Government and improvement in traffic volume in the major expressways. As of 30 September 2022, UEM Edgenta’s balance sheet remains healthy by maintaining a low gearing ratio at 0.3 times.
The Company’s orderbook remains strong at RM10.1 billion. For the first nine months of FY2022, the Company secured new contract wins of approximately RM972 million, with 70% of the new wins being contributed from its international businesses in line with the Group’s international expansion strategy.
The reopening of international borders on 1st April 2022 and the full resumption of economic activities have paved the way towards positive growth momentum. The improved sentiment was, however, met with macroeconomic and inflationary headwinds which contributed to cost escalation across all sectors globally. Against this challenging business environment, the Company continues to deploy short to medium term measures to navigate through the volatile market conditions while maintaining the quality of its service delivery.
“We are committed to delivering long term sustainable value to our stakeholders while taking responsive and proactive measures to enhance our operating agility and resilience. Despite the macroeconomic headwinds and operational challenges, the Company will continue to strengthen its readiness through structural cost optimization and operational efficiency strategies towards building a global, technology-enabled integrated facilities management company,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
UEM Edgenta is making good progress with its strategic portfolio repositioning strategy. The recent divestment of Faber Sindoori Management Services Private Limited allows the Company to reinvest into new growth markets/products and technology while the investment in MEEM for Facilities Management Company provides an immediate market access to the Kingdom of Saudi Arabia, accelerating the Company’s international expansion in the Integrated Facilities Management business.
RESIDENSI ASTREA MONT' KIARA TOPPING OUR FURTHER STRENGTHENS UEM SUNRISE'S PRESENCE IN MONT' KIARA
KUALA LUMPUR, 29 November 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has achieved another milestone by commemorating a successful topping out of Residensi Astrea Mont’Kiara (“Residensi Astrea”) today, further cementing its foothold in the international neighbourhood of Mont’Kiara.
Amid numerous challenges including lockdowns caused by the Covid-19 pandemic, labour shortages and the rising cost of building materials, the topping out of Residensi Astrea serves as a testament to all parties involved in the project to ensure timely and seamless delivery across multiple stages, having reached its structural peak with the completion of its roof slab on the topmost floor.
"Residensi Astrea’s topping demonstrates our continued efforts to bring value to the Mont’Kiara neighbourhood as one of its pioneer developers despite the challenges we faced and overcame. We aspire to create more sustainable living spaces with innovative products for homeowners who seek to stay in the international and diverse community of Mont’Kiara. Residensi Astrea’s progress is going according to schedule, and we are looking forward to its completion in Q4 2023 as planned,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
First launched in October 2018, the development is a freehold luxury residence comprising a single 37-storey tower with 240 units across 2.4 acres of freehold land, offering six different layouts to choose from. With built-ups ranging from 126.7 sq m to 172.7 sq m, the variety caters to a diverse range of homebuyers to suit their varying life stages - from newlywed couples and young families to empty nesters.
UEM Sunrise Chief Executive Officer, Sufian Abdullah led the symbolic ceremony, alongside Chief Operations Officer (Central), Liong Kok Kit and Residensi Astrea’s Project Team Leader, Phoon Sit Meng. The Project Architect, Ar Reno Lee from UIG Architects; Main Contractor of the development Pembinaan Mitrajaya Sdn Bhd’s Executive Director Bibhuti Nath Jha; and Project Director, Chan Yeen Kong were also in attendance.
Residensi Astrea provides an ambience of spaciousness and luxury in every corner. Its design maximises natural light and ventilation into the rooms which will reduce dependency on artificial lighting and air conditioning. Residents will also be feted with views of either the Mont’Kiara skyline or the green forest landscape of Bukit Kiara.
Dubbed as one of the most affluent townships in Kuala Lumpur with excellent amenities, Mont’Kiara remains firmly at the top of buyers’ wish lists. 98% of Residensi Astrea units have now been taken up and is targeted for completion in Q4 2023 with an approximate Gross Development Value (GDV) of RM323 million.
In addition to a multi-tier security system for the safety and comfort of its residents, Residensi Astrea also features more than 20 lifestyle-inspired facilities for them to enjoy such as lush, landscaped greenery on the ground floor, gastro pavilion, starlit infinity pool, splash playground for children, sky lounge and sky gym.
Residensi Astrea has excellent proximity to various international schools and retail hubs and services in the area. Moreover, residents will have easy access to major highways such as the SPRINT Highway and Penchala Link, quickly connecting them to numerous regions of Klang Valley.
For more information about Residensi Astrea, please visit www.uemsunrise.com.
UEM Sunrise staff tuning in to the project summary about Residensi Astrea.
(From left to right) – Executive Director of Pembinaan Mitrajaya Sdn Bhd, Bibhuti Nath Jha; UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit; Chief Executive Officer, Sufian Abdullah; Project Atchitect from UIG Architects, Ar Reno Lee; and Residensi Astrea’s Project Team Leader Phoon Sit Meng posed for a photo after commemorating Residensi Astrea’s topping out ceremony.
Both UEM Sunrise and Mitraland teams posed for a group photo after the topping out ceremony.
UEM SUNRISE KICKS OFF 'HAPPY GOALS BY UEM SUNRISE' CAMPAIGN WITH FREE NFTS AND PROPERTY SHOWCASE TO END THE YEAR
KUALA LUMPUR, 24 November 2022 – In conjunction with the most anticipated football tournament of the year, UEM Sunrise Berhad ("UEM Sunrise" or the "Company”) announced its final campaign for the year - 'Happy Goals by UEM Sunrise'.
From 8 November to 31 December, homebuyers can bring home limited edition Non-Fungible Tokens (NFTs) for free by registering their interest at UEM Sunrise's website. These NFTs come preloaded with valuable goodies and rewards worth up to RM100,000, which homebuyers can fully redeem when they purchase one of the participating developments.
In conjunction with the campaign, the Company are also inviting the public to the "Happy Goals Property Showcase" at Publika Shopping Gallery from 21 to 27 November, where they can participate in a variety of games and lucky draws to stand a chance to win exciting rewards and claim special promotions.
Introducing free limited edition NFTs with preloaded goodies is a pioneering effort that underlines the Company’s continuous journey to become a property developer that embraces technology, utilising the digital space and assets to streamline offerings and transactions with homebuyers online and offline.
"We strive become a company that is easily accessible to everyone by consistently looking for better ways to connect with our customers in the real world and virtual spaces to help them find their dream homes. Being the first Malaysian property developer to pioneer this tech and embark on Web 3.0, our football themed NFT campaign is the first among many steps towards achieving this goal. We have similar exciting plans in the pipeline, so stay tuned," said UEM Sunrise Chief Executive Officer Sufian Abdullah.
NFTs are digital assets on a blockchain with special codes and metadata distinct from one another and usually branded as real-world tangible assets like artwork or real estate.
Happy Tiger retakes centre stage as UEM Sunrise's mascot for 2022. This time, it is dressed in cute football jerseys featuring iconic football moments as NFT designs. Each signed-up homebuyer will acquire different poses and designs of Happy Tiger.
As its mascot of the year, Happy Tiger became synonymous with UEM Sunrise since its introduction earlier this year, first featured in the 'Happy Duo Duo' Chinese New Year Campaign, followed by the 'Ini Baru Raya' Hari Raya Campaign as well as the Company's role in donating to the Malayan tiger conservation efforts.
The participating developments include KAIA Heights; Allevia Mont'Kiara; and Forest Heights' Begonia, Broadhill Phase 1 and 2, Forest Avenue, and Arden Hill Phases 1 and 2. Each development will have promotional goodies for homebuyers to redeem with their NFTs.
For more information about Happy Goals by UEM Sunrise Campaign, visit uemsunrise.com/HappyGoals or be part of the Company's digital communities on Discord or Telegram and be the first to get the latest updates on special promotions and upcoming new launches.
UEM Sunrise’s final campaign for the year, a football-inspired campaign featuring the use of 'Non-Fungible Tokens' (NFTs), called 'Happy Goals by UEM Sunrise'
Happy Tiger retakes centre stage as UEM Sunrise's mascot for 2022, featuring in cute football jerseys in iconic football moments as NFT designs.
These Happy Goals NFTs come preloaded with valuable goodies and rewards worth up to RM100,000, which homebuyers can fully redeem when they purchase one of the participating developments.
Users can stand a chance to earn Grab vouchers worth up to RM5,000 when they engage with UEM Sunrise’s social media channels.
From 21 to 27 November, UEM Sunrise is hosting its "Happy Goals Property Showcase" at Publika Shopping Gallery where the public can join in a variety of games, win exciting lucky draw prizes and claim special promotions.
(UEM SUNRISE) STRONG REVENUE AND OPERATIONS SUPPORTED PERFORMANCE FOR THE FIRST NINA MONTHS OF 2022
KUALA LUMPUR, 23 November 2022 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") today announced its financial results for the nine months ended 30 September 2022. The Company recorded a revenue of RM1,137.2 million compared to RM714.9 million in the nine months of 2021. Driven by higher progress billings and construction progress from local developments, mainly Residensi Solaris Parq in Dutamas, Serene Heights in Semenyih, Senadi Hills in Iskandar Puteri, Aspira ParkHomes in Gerbang Nusajaya, and Residensi AVA in Kiara Bay, the Company continued to be profitable through higher sales support of Estuari Gardens in Puteri Harbour, industrial plots in the Southern Industrial and Logistics Clusters or SiLC, and the divestments of a few non-strategic lands.
It recorded a significant improvement in its earnings position in tandem with higher revenue, and improvements in other income, operating expenses and share of results from joint ventures and associates. For the nine months ended 30 September 2022, it recorded a profit after tax and non-controlling interests of RM60.1 million showing a positive recovery in contrast to its performance in the same period last year.
UEM Sunrise was able to reduce 43% of its inventories from RM396.9 million as of 31 December 2021 to RM227.1 million as of 30 September 2022, whilst its cash balances remain strong at RM950.3 million for the same period. For the remaining quarter of the year, the Company will settle the remaining units of Aurora Melbourne Central and Conservatory in Melbourne, and finalise the plans for its next project in Collingwood, Melbourne. At the local front, Residensi Solaris Parq, which is nearing full take up, and Kiara Kasih in Mont’Kiara, which is fully sold to-date, will be completed before the end of the year.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "We are pleased with our financial turnaround and are on course to remain profitable for this financial year. Our priority for 2023 is to strengthen our product pipeline and focus on property development activities. We will begin our year with launches in the Central region namely THE MINH at Mont’Kiara and our return in the Cheras market, THE CONNAUGHT ONE”.
The Company will continue with its three-pronged strategic turnaround plan, focusing on initiatives under Triage which includes asset monetisation plans, and reinforcement of future pipeline. It will also continue to evaluate and acquire other potential landbank, and create new pipelines in order to sustain the Company’s non-financial and financial performance in the long term.
UEM EDGENTA PROVIDES AID AND ASSISTANCE TOWARDS FLOOD PREPAREDNESS EFFORTS
KUALA LUMPUR, 23 December – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company recently contributed monetary support to the Fire and Rescue Station in Putrajaya and Pantai Dalam, to aid flood preparedness efforts in view of the year-end monsoon season.
The contribution is in line with UEM Edgenta’s Environmental, Social and Governance (“ESG”) commitment to positively impact society through philanthropic activities and engagements which benefit local communities where the company has business operations. The RM 40,000 contribution this time around, benefitted approximately 7,000 beneficiaries. The Company had contributed essential items such as raincoats, life jackets and basic provisions of food and necessities to flood victims and frontliners.
Present at the handover of the Company’s contributions were Andrew Raj, Head of Operational Excellence & Health, Safety, Security and Environment of UEM Edgenta, Dato’ Ts. Nor Hisham, Director of Fire and Rescue Operations, Putrajaya and Tuan Wan Mohd Shahril, Head of Fire and Rescue Station, Pantai Dalam.
"Our firefighters have helped the nation at times of crisis and disasters. We are glad to be of assistance and we hope that our contribution will help ease the burden of our firefighters in performing their duties and efforts in preparedness for the upcoming monsoon and flood season. I urge all Malaysians to be on constant alert of the weather conditions and be prepared,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.
Previously, UEM Edgenta had extended medical support to the Veteran of Fire and Rescue Association Malaysia (“PVBPM”) by providing two of its retired members with two units of prosthetic legs, as well as educational assistance to three children of veterans for a period of two years in their respective tertiary educational institutions. The company had also contributed monetary relief to support the efforts of the Selangor State government, to assist victims of the floods through Tabung Ikhtiar Selangor Bangkit and “Care Packs” to the Fire and Rescue Station, Pantai Dalam during Malaysia’s National Day this year.
UNITED NATIONS GLOBAL COMPACT ACCORDS PLUS MALAYSIA WITH TWO SUSTAINABILITY AWARDS
PLUS Malaysia Berhad (PLUS) received two United Nations (UN) Global Compact award, namely for the SDG Ambition Benchmark Award for ZERO-BRIBERY INCIDENCES and the Pioneer Sustainable Development Action Recognition Award for upholding EXEMPLARY HUMAN RIGHTS STANDARDS as the first highway company to conduct a robust human rights assessment aligned to the UN’s Global Standards.
"PLUS recognizes that by embracing, adopting and implementing sustainability initiatives align to the United Nations Sustainable Development Goals (UNSDGs) is an important and necessary step for us to remain competitive. The higher purpose of PLUS mission is ’To connect our communities to shape a safe and sustainable future’ encapsulates our belief and commitment towards embedding the core principles of sustainability in every aspect of our operations, across our value chain, because it is today the foundation that will ensure the longevity and success of any organization,” affirmed Datuk Azman Ismail, Managing Director of PLUS.
Satpal Singh, Chief Governance and Risk Officer of PLUS, added, “UNGCMYB has been a collaborative partner to PLUS, providing access to valuable resources to support PLUS in its sustainability journey. The award and recognition received affirms our resolve to continuously uphold the 10 Principles of UNGC in everything we accomplish.”
PLUS has been a member of UNGCMYB since September 2021. The Sustainability Performance Awards program was initiated by UNGCMYB to recognize exemplary efforts taken by Malaysian corporations to uphold sustainability principles to support nation-building and inspire others.
UEM SUNRISE PARTNERS WITH CAPITALAND DEVELOPMENT OF SINGAPORE TO DEVELOP NEW INDUSTRIAL PHASES IN NUSAJAYA TECH PARK
KUALA LUMPUR, 15 December 2022 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) marks the year's end by announcing that its indirect wholly-owned subsidiary, Nusajaya Rise Sdn Bhd entered into sale and purchase agreements with Nusajaya Tech Park Sdn Bhd (“NTPSB”), a joint venture company owned by UEM Land Berhad, a wholly-owned subsidiary of the Company and Ascendas Land (Malaysia) Sdn Bhd, an indirect subsidiary of CapitaLand Development of Singapore, for the sale of lands measuring approximately 94.9 hectares or 234.5 acres in Gerbang Nusajaya, Iskandar Puteri, Johor for a total consideration of RM289.2 million.
The transaction is an expansion of the existing Nusajaya Tech Park, a world-class integrated industrial park with eco-friendly infrastructure, designs and facilities with its well-maintained landscape and facilities, currently home to many multinational corporations, including small and medium-sized enterprises. NTPSB is the developer of Nusajaya Tech Park. With the acquisition of these extended lands, NTPSB will own and develop an industrial park measuring a total size of 150.1 hectares or 371.0 acres, offering an estimated total GDV of RM1.5 billion, to be developed over an anticipated development timeframe of eight to ten years.
“Our collaboration with CapitaLand is not new. We have partnered up with CapitaLand since 2012 when we embarked on creating a catalytic development in Iskandar Puteri, befitting our role as master developer for the township. CapitaLand had the expertise and track record which complemented our requirements. The Nusajaya Tech Park that is in operation today is a testimony to the successful collaboration. Its existence has contributed a significant impact to Gerbang Nusajaya and Iskandar Puteri as a whole. We are positive that the expansion of new industrial phases in Nusajaya Tech Park will further stimulate economic activity, attract investors, and allow more companies to relocate to Iskandar Puteri. It will also further strengthen our commitment to attract foreign direct investments into Johor, in line with the State Government’s aspirations to feature Johor as the desired destination hub for investments and development. This, in turn will create further employment opportunities in the Southern region,” said UEM Sunrise, Chief Executive Officer, Sufian Abdullah.
He continued, “The park’s close proximity to the soon-to-be-completed Gerbang Nusajaya Interchange, which will connect to the Second Link Expressway, will allow commuters and industrial players to enter Singapore via the Ayer Rajah Expressway. The benefits of this connectivity extend even beyond the region. Among industry players who have presence in Nusajaya Tech Park is Telekom Malaysia Berhad through its TM One Iskandar Puteri Data Centre, GKN Aerospace Malaysia and Stern-Wywiol Gruppe through its manufacturing unit, SternMaid Asia Pacific”.
This transaction and collaboration are in alignment with the Company’s three-pronged turnaround strategic plan; Triage, Stabilise and Sustain. The proceeds to be received from the transaction and the potential creation of future development profits via NTPSB are among the initiatives and measures put in place by the Company to navigate current market conditions, strengthen product portfolio and streamline core businesses, among others.
PLUS GUNA DATA STRATEGIK UNTUK TINGKAT TAHAP KESELAMATAN DI LEBUH RAYA
PLUS Malaysia Berhad (PLUS) akan menggunakan data serta statistik yang lebih strategik bagi mengurangkan jumlah kematian dan kemalangan di sepanjang Lebuhraya Utara-Selatan pada tahun 2023.
Ketua Pegawai Operasi PLUS, Datuk Zakaria Ahmad Zabidi berkata, “Data serta statistik tersebut akan turut dikongsikan bersama Rakan Keselamatan PLUS iaitu Jabatan Pengangkutan Jalan (JPJ) serta Polis DiRaja Malaysia (PDRM) terutamanya dalam mengurangkan kemalangan yang membabitkan kenderaan-kenderaan berat dan motosikal.”
Menerusi data-data tersebut, termasuklah kolaborasi serta penguatkuasaan oleh JPJ dan PDRM, PLUS mensasarkan untuk mengurangkan kadar kematian akibat kemalangan yang melibatkan semua jenis kenderaan di lebuh raya kendaliannya sebanyak 7% pada tahun 2023.
Ia adalah selaras dengan Pelan Keselamatan Jalan Raya Malaysia untuk mengurangkan kematian akibat kemalangan jalan raya sebanyak 50% menjelang 2030.
"Bagi mencapai matlamat ini, PLUS dengan kerjasama JPJ dan PDRM menyasarkan untuk mengurangkan kadar kemalangan yang melibatkan kenderaan berat, motosikal, kemalangan di Lorong Kecemasan dan kemalangan yang disebabkan oleh objek atau halangan di lebuh raya pada tahun hadapan,” tambah Datuk Zakaria.
"Oleh yang demikian, kami akan memberi fokus terhadap isu keselamatan yang membabitkan penunggang motosikal yang menjadi penyumbang terbesar kepada statistik tersebut.”
Statistik di lebuh raya kendalian PLUS menunjukkan terdapat pengurangan jumlah kemalangan pada tahun 2022 berbanding tahun 2019. Walau bagaimanapun, kemalangan melibatkan kenderaan berat meningkat sebanyak 2%. Kemalangan di lorong kecemasan membabitkan kenderaan yang rosak juga meningkat sebanyak 5% berbanding tahun 2019.
Datuk Zakaria berkata demikian pada Mesyuarat Penyelarasan dan Penetapan Petunjuk Prestasi Utama (PPU) JPJ dan PLUS di Akademi JPJ di Melaka baru-baru ini. Mesyuarat tersebut turut dipengerusikan bersama Pengarah Kanan Penguatkuasa JPJ, Datuk Lokman Jamaan dan dihadiri oleh pegawai-pegawai kanan JPJ serta Bahagian Operasi PLUS.
UEM EDGENTA AWARDED THE "FACILITY MANAGEMENT COMPANY OF THE YEAR 2022" TITLE BY FROST & SULLIVAN
KUALA LUMPUR, 14 December – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company has been conferred as the 2022 Frost & Sullivan Malaysia Facility Management Company of the Year Award for their contribution to the facility management sector. This 7th consecutive accolade places UEM Edgenta as a market leader and frontrunner in the facility management sector through its capabilities in integrated facilities management services, technology and digitization advancements, and sustainable solutions.
The award was presented to Rais Imran, UEM Edgenta’s Chief Strategy Officer, who accepted the award on behalf of UEM Edgenta at the recent 2022 Frost & Sullivan Best Practices Awards ceremony. UEM Edgenta maintained its market leadership through its global footprint, disciplined approach in driving cost efficiencies and diversifying into new revenue streams while maintaining a strong foothold in its core sectors. The Company is a pioneer in introducing sustainability and tech solutions to the regional and gulf facility management (“FM”) market.
"The future of FM is one that is driven by technology, sustainability, and customer experience. Across the world, asset owners and operators are increasingly transforming buildings and cities into one that is smart and sustainable. To this end, Edgenta is committed towards building a portfolio of solutions to cater to smart and sustainable buildings/cities – an anchor strategy towards being a tech-enabled FM company. As we seek to provide the best solutions and services fueled by technology and innovation, receiving this award demonstrates UEM Edgenta's capabilities as the region's leading Asset Management & Infrastructure Solutions provider. We are honored and grateful for the trust from our clients and Frost & Sullivan to have been conferred with this award,” said Rais.
"Frost & Sullivan research indicates that UEM Edgenta’s leading market positioning and well-strategized value propositions have led to consistent new customer acquisitions while ensuring that the company stays at the forefront in its digitalization and business sustainability plans. The Company have managed to stay at the vanguard of domestic market progression by strategizing through diversify risks and by exploring new growth markets, strengthening its leadership position in the country while creating stiff barriers to entry for new competitors,” said Janice Wung, Frost & Sullivan's Program Manager, Buildings Research.
The Company strive to drive resilient growth through Tech-enabled solutions and Sustainability programs across its operations while continue with digital transformation to provide the wider market with end-to-end cloud infrastructure services across Malaysia, Singapore, Indonesia, Taiwan, India, United Arab Emirates and The Kingdom of Saudi Arabia.
The recipients of the 2022 Frost & Sullivan Best Practices Awards were identified based on their demonstration of excellence in growth strategy and implementation in its field. The award recognizes outstanding achievements and superior performances of companies in leadership, visionary innovation, market-leading performance, and customer value enhancement.
PLUS REDUCES LOST-TIME INJURY (LTI) BY 97 PERCENT
Celebrates 5th Safety Day, reaffirming its commitment to health & safety across its highways
PLUS Malaysia Berhad (PLUS) celebrates its 5th Safety Day at Persada PLUS recently, reaffirming its continued commitment to health and safety across its highway.
“Every human life is valuable and therefore, safety is non-negotiable. At PLUS, our DNA is to strengthen our ecosystem by making it safer and comfortable for everyone who uses our highway facilities and particularly our employees whom we borrow from their families. It is our duty and responsibility that each and every one of them return home safely to their families and loved ones,” stressed Datuk Azman Ismail, PLUS Managing Director.
PLUS Safety Day which began in 2017 has seen the evolution of its employees' safety mindsets. The value of health and safety, particularly mental health is paramount in today’s endemic landscape. It is crucial to ensure that everyone is well preserved as they conduct their daily routines.
"I’m pleased and proud to state that we have reduced the Lost-Time-Injury (LTI) cases among our Warga PLUS from 35 LTI cases in 2017 to just 1 case this year, a huge reduction of 97 percent. I’m personally elated because my heart is comforted to know that all our health and safety initiatives which we have driven for the past 5 years have bore fruit and that the preservation of our employees and their livelihood is attained,” said Datuk Azman.
PLUS commitments goes beyond road safety. It also looks at avenues in taking care of its highway customers’ health. Datuk Zakaria Ahmad Zabidi, PLUS Chief Operating Officer, acknowledges that “While minor crashes and customers’ health problems may be beyond us, but those emergencies warrant medical attention and it is with this mind that during such situations, highway customers can only seek medical help outside our highways.
“Therefore, with this understanding, we are embarking on a public pilot to establish a PLUS community clinic at one of our strategic rest areas along our highways,” explained Datuk Zakaria.
The PLUS community clinic will see our collaboration with qualified medical practitioners who are registered with the Ministry of Health. It is expected to commence its operation within the first quarter of 2023. This public pilot, once proven successful, will be the first of many more PLUS community clinics to be strategically opened at key rest areas along our mainline in the future,” added Datuk Zakaria.
PLUS 5th Safety Day was officiated by the Secretary General of the Ministry of Works, Dato' Wira Wan Ahmad Uzir Hj Wan Sulaiman. Also present were Malaysian Highway Authority Director General, Dato’ Ir. Mohd Shuhaimi bin Hassan, UEM Group Managing Director and PLUS Board Member, Dato’ Mohd Izani Ghani, Dato’ Zailani Haji Hashim, the Director General of the Road Transport Department (JPJ), ACP Mohd Radi Abd Rahman, Deputy Director of Traffic Investigation and Enforcement Department, Polis Diraja Malaysia (PDRM) and Ir. Ts. Azhar Hamza from the Malaysian Institute of Road Safety Research (MIROS).
PLUS RECOGNISED AS INNOVATION DRIVEN FRONTIER COMPANY BY MPC
PLUS Malaysia Berhad (PLUS) has been recognised as a Frontier Company by the Malaysia Productivity Corporation (MPC) for its Productivity Excellence Recognition of enterprise-focused application of good management practices, including the competency of development, training and guidance for employees to empower the company’s productivity.
Through this program, PLUS expects to guide 1,200 homegrown companies to perform advancement processes in reducing operating costs while increasing productivity levels plus reinforcing competitiveness for future business sustainability.
Dato’ Abdul Latif Haji Abu Seman, the Director General of Malaysia Productivity Corporation (MPC), highlighted the importance of growth and productivity at the basic level for the development of industry sectors and recognition of national productivity excellence. PLUS is an example of large multinational conglomerate that shares and transfers best practices, information and expertise, technology and skills.
This initiative was developed to change the perception and mindset of local companies so that they can understand the significance of increasing productivity and improve the process to transform the work culture through guidance from the pioneer company. This ensures increased productivity and reduces the performance gap between the pioneer and local companies.
Managing Director of PLUS, Datuk Azman Ismail is committed to supporting the country’s aspiration in increasing the organisation’s productivity reflective in PLUS’ recognition. “I believe with a strategic teamwork established between MPC and PLUS can develop capable employees, speed up product transformation and alleviate the company towards a modern highway operation.”
"The improvement projects were not done merely for the recognition. Its objective is to encourage innovation and ongoing development by staff members, who are continuously encouraged to be creative and innovative. One of PLUS’ initiatives is to find solutions that help the organisation to address the pain points and inject innovations that build towards highway service excellence, particularly in the digitalisation and high technology era,” affirmed Datuk Azman.
The implementation of improvement projects has saved PLUS as much as RM159 million and earned an additional RM1.1 million from 2020 until 2022. There has also been a 70 per cent increase in work process efficiency recorded throughout the period.
In a Productivity Champion Recognition Ceremony held at Persada PLUS recently, 216 PLUS employees received Productivity Champion recognition certificates for their 236 productivity improvement projects. This acknowledgement is granted to PLUS employees who have improved numerous processes, reduced operational costs and improved the company’s productivity, outcomes and delivery efficiency as well as brand reputation.
One of the improvement projects conducted by PLUS was the utilisation of the latest technology by upgrading its information dissemination system. This includes swifter and increased feedback accuracy to highway customers through P.U.T.R.I (PLUS Unique Texting Realtime Interface), the first highway industry A.I. chatbot.
Additionally, PLUS implemented the Unmanned Aerial System (UAS) to monitor traffic and maintenance. The Stress Absorbing Membrane Interlayer (SAMI) is a ground-breaking innovation technique used by PLUS for pavement rehabilitation as it requires much lesser material than the conventional approaches.
Above that, PLUS applies digitalisation processes, which covers over 90 per cent of the work processes in the organisation.