Selangor eyes another chip design park as Puchong site fully occupied
“We hope [to open the second park] by next year, maybe in the middle of the year.
“We hope [to open the second park] by next year, maybe in the middle of the year.
"This resilience is partly due to increased disposable income from EPF Account Three withdrawals, which has helped mitigate some living cost pressures,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
Malaysia’s economy may expand 4%-5% this year, according to government forecast, following a weaker-than-expected 3.
The solar farms for KIGIP will be owned and operated by SDP, as renewable energy has been identified as a key strategic pillar and revenue source for the group.
Bank Negara Malaysia resisted pressures to raise the overnight policy rate last November, and “we expect the same this week”, HSBC said.
The proposed IC Design Park, poised to begin operations by July 2024, has already secured the commitment of four partner companies, including ARM Ltd, Phison Malaysia, SkyeChip Sdn Bhd and Shenzhen Semiconductor Industry Association.
AmanahRaya REIT has previously announced a decision to fully divest from the hospitality sector as part of ongoing initiatives to optimise its portfolio by acquiring high-yielding assets and divesting non-core assets.
Whether correctly or incorrectly, Malaysia’s current “supportive monetary policy” may be construed as “accommodative or dovish,” especially in relation to higher interest rates in several other economies.
On Wednesday, the steel structure fabrication company announced that it has secured four new contracts in Saudi Arabia, the United Arab Emirates and India.
“This partnership aims to create a robust infrastructure that supports its long-term vision for the region’s growth and development while incorporating sustainable elements within an ESG framework.