YCH Group makes RM500m logistics investment
KLANG: Singapore's YCH Group has broken ground on its RM500 million Supply Chain City Malaysia (SCC MY) in Bandar Bukit Raja, Selangor – its largest investment in Malaysia to date.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the RM500 million logistics investment by Singapore's YCH Group is a move to strengthen the country's role as a key manufacturing and services hub in Asean.
'As the lifeblood of global commerce, good logistics is key to ensuring the smooth and cost-efficient movement of goods and services. As such, we are pleased to welcome YCH Group's RM500-million investment in this sector in Malaysia,' he said in a statement.
Tengku Zafrul urged the group to be more inclusive by enabling SME exporters to also access the global market.
'When trade flows seamlessly, investors see greater opportunities, fuelling further growth and innovation. This is what will support our New Industrial Master Plan's goals to increase our competitiveness and position Malaysia a key manufacturing and services hub for Asean and beyond,' he added.
According to the group, this project represents their long-term commitment to Malaysia's regional supply chain development and a significant step in realising the country's vision as a leading logistics and trade hub in Asean.
SCC MY is poised to serve as a key enabler of regional connectivity, supporting smoother trade flows and future-ready logistics infrastructure, it added.
Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said as the first recipient of Mida's Smart Logistics Complex incentive, YCH Group sets a powerful precedent for Malaysia's integrated smart logistics future.
'This achievement reflects our commitment to attracting high-impact investments and strengthening Malaysia's supply chain ecosystem through innovation and automation.
'The SLC incentive aligns perfectly with the Deklarasi Kuala Lumpur: Asean 2045, supporting our vision of a digitally advanced, economically resilient Asean region.'
YCH Group executive chairman Dr Robert Yap said Supply Chain City Malaysia is a major step forward in setting new standards of logistics excellence, supporting Malaysia's growth as a world-class supply chain leader.
'Our investment in FUSIONARIS and advanced technologies reflect our commitment to regional connectivity, efficient operations, and sustainable practices. We are also dedicated to training local talent, empowering them with essential skills to support Malaysia's journey as a preferred destination for global businesses.'
The Supply Chain and Logistics Academy, an industry-level development academy, will be hosted at SCC MY. It offers training programmes to equip local talent with the skills needed to thrive in tomorrow's logistics landscape, ultimately enabling Malaysia's workforce to remain competitive on the global stage.
Sime Darby Property Group managing director & CEO Datuk Seri Azmir Merican said welcoming a global logistics leader like YCH Group to Bandar Bukit Raja reflects the confidence placed in Malaysia's industrial developments as well as the ability to deliver integrated, future-ready townships.
'As Malaysia continues to carry out its role as chair of Asean in 2025, this project is a timely example of cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth, while also strengthening trade linkages, supporting innovation, and contributing meaningfully to broader regional priorities.'
Bandar Bukit Raja, a 5,333-acre integrated township developed by Sime Darby Property Bhd, is known for its sustainable design and thriving industrial ecosystem.
With close to 60% of its landbank allocated for industrial use, BBR is home to Malaysia's first GreenRE Platinum-rated managed industrial park.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
8 hours ago
- Malay Mail
OCBC commits RM3b more by end-2025 after RM11b investment in JS-SEZ
JOHOR BAHRU, June 22 — OCBC Group has committed more than RM11 billion into businesses in Johor since early 2024, as part of its commitment to support the development of the Johor-Singapore Special Economic Zone (JS-SEZ). The bank in a statement today said it plans to extend an additional RM3 billion in financing by the end of 2025 to support investments in key sectors such as real estate, oil and gas, manufacturing, and data centres within the JS-SEZ. OCBC chief executive officer (CEO) Helen Wong said the group has a long history in Johor dating more than a century, with OCBC Malaysia's first branch established in Johor in 1917. Today, the group operates eight branches in the state, out of 38 branches across Malaysia, she added. While reiterating the group's long-term support to JS-SEZ, Wong emphasised that OCBC's One Group approach, which brings together the collective strengths of OCBC Bank, Great Eastern Holdings (insurance subsidiary), Bank of Singapore (private banking arm), and leasing and wealth management capabilities, uniquely positions the group to support business growth and cross-border collaboration. The commitment announcement was made during a courtesy visit by Wong along with senior executives of OCBC Group to Johor Menteri Besar Datuk Onn Hafiz Ghazi at his official residence in Saujana here. Welcoming the move, Onn Hafiz described OCBC's commitment as a vote of confidence in Johor's investment climate. 'The Group's commitment of over RM11 billion, with another RM3 billion targeted by year-end, reflects strong private sector support for our economic vision. We look forward to deepening this collaboration,' he said. Meanwhile, OCBC Bank (Malaysia) Bhd CEO Tan Chor Sen said the group had already taken proactive steps to promote the JS-SEZ to global investors, even before the formal agreement was signed in January 2025. This includes engagements with key stakeholders such as Iskandar Regional Development Authority, Malaysian Investment Development Authority, and Invest Johor. He added that OCBC's extensive global network, particularly in Greater China, positions it well to facilitate inbound investment and business expansion into Malaysia. Great Eastern Life Assurance (Malaysia) Bhd CEO Datuk Koh Yaw Hui said as part of the OCBC Group, Great Eastern is well-positioned to support the initiative through a comprehensive range of life, general and takaful insurance offerings aligned with the economic development of the region. The JS-SEZ is a flagship bilateral initiative aimed at enhancing cross-border trade, investment, and infrastructure development, with a focus on high-impact and innovation-driven sectors. — Bernama
BusinessToday
8 hours ago
- BusinessToday
‘3rd Times The Charm' MITI Minister Drops Hints From Washington
Malaysia and the US have made further strides in resolving ongoing tariff issues during a third high-level meeting held on June 19 between Malaysian trade officials and US Trade Representative Jamieson Greer. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the latest meeting follows earlier discussions in Washington and at the APEC Ministerial Meeting in Jeju, South Korea, centred specifically on tariff-related matters impacting bilateral trade. In a statement shared on X, Tengku Zafrul said the Malaysian delegation emphasised that the dialogue reinforced the importance of finding a 'fair and mutually beneficial' solution. 'Negotiations will continue in a prudent and professional manner for the common good,' Tengku Zafrul added. The talks mark a continued effort to de-escalate trade frictions and enhance economic cooperation, particularly as Malaysia seeks to safeguard its export competitiveness while navigating the global trade landscape. Further discussions are expected as both sides work toward a resolution that supports long-term trade stability. Related
Malaysian Reserve
12 hours ago
- Malaysian Reserve
Tengku Zafrul: Intel, Vishay set to expand semiconductor presence in Malaysia
THE Ministry of Investment, Trade and Industry (MITI) has held discussions with leading tech giant, Intel, regarding the latter's plans on reinvestment and expansion of its operations in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz said Intel has invested RM50 billion to-date, and provided employment opportunities to 12,300 local workers. 'Intel's presence in Malaysia since 1972 has grown in tandem with the country's rise as a global semiconductor hub. 'This meeting reflects Intel's continued confidence in Malaysia as its key investment destination outside the United States,' he said in a post on the social media platform X today. He added that the Malaysian government, through MITI and the Malaysian Investment Development Authority (MIDA), remains fully committed to supporting Intel's expansion in the country. 'Under the New Industrial Master Plan 2030 (NIMP2030), and the National Semiconductor Strategy (NSS), we will continue to strengthen a sustainable and competitive industrial ecosystem,' Tengku Zafrul said. Meanwhile, in a separate post, the MITI minister said a United States-based manufacturer of discrete semiconductors and passive electronic components, Vishay Intertechnology, has expressed its intention to expand its operations in Malaysia. 'They already have a presence in Melaka, and the rise in the number of high-tech semiconductor facilities is in line with the objectives of NIMP2030 and NSS,' he added. Tengku Zafrul had led a working visit to Washington, United States, on June 18-20. — BERNAMA
