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The Malaysian Investment Development Authority (MIDA) and global logistics leader DHL have renewed their longstanding partnership through a memorandum of understanding (MoU) signed yesterday, reaffirming their joint commitment to strengthening Malaysia’s logistics and supply chain ecosystem. The agreement brings together all four DHL business divisions operating in Malaysia – DHL Express, DHL Supply Chain, DHL Global Forwarding, and DHL eCommerce – in closer collaboration with MIDA. The renewed alliance is designed to further enhance Malaysia’s appeal as a preferred destination for foreign direct investment (FDI), leveraging its strategic location and established logistics infrastructure. Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, described the partnership as a strategic milestone in Malaysia’s continued evolution into a smart logistics hub for the Asia-Pacific region. “Malaysia’s logistics sector has undergone a remarkable transformation, emerging as a powerhouse of innovation and technological advancement,” he said. “We are witnessing significant developments in digital technology and smart automation, ranging from AI-powered route optimisation and real-time tracking to advanced warehouse robotics and autonomous delivery systems.” Julian Neo, Managing Director of DHL Express Malaysia and Brunei, highlighted Malaysia’s growing relevance amid shifting global supply chain strategies. “As multi-shoring and multi-sourcing gain strategic importance, Malaysia is well positioned to capitalise on these trends due to its regional connectivity and conducive business environment,” he said. “With our extensive network and experience in cross-border trade, DHL Express is proud to support MIDA in attracting global investors through seamless market entry and end-to-end logistics solutions.” DHL reaffirmed its commitment to enhancing Malaysia’s visibility among multinational corporations looking to diversify manufacturing and sourcing operations. It emphasised that its comprehensive logistics and supply chain capabilities, combined with its strong presence in Malaysia, provide foreign investors with a critical advantage in building resilient, efficient supply networks. -Bernama

SME Corporation Malaysia (SME Corp) has announced a strategic collaboration with the Selangor Human Resource Development Centre (SHRD), aimed at embedding innovation as a fundamental growth strategy for small and medium enterprises (SMEs) across Malaysia. According to a statement released by SME Corp, the initiative commenced with the first in a series of three innovation seminars under the theme “Future-Ready SMEs: The Power of Innovation.” The seminar engaged over 70 SMEs from diverse sectors, equipping participants with the tools and insights necessary to implement innovation-led strategies designed to improve productivity, enhance competitiveness and strengthen readiness for global market expansion. This initiative forms part of SME Corp’s broader strategic direction under the 13th Malaysia Plan (13MP), which seeks to support the transformation of domestic SMEs from small-scale operations into medium-sized enterprises with stronger international market presence. Chief Executive Officer of SME Corp, Rizal Nainy, emphasised the importance of timing in delivering innovation-focused programmes, stating that such initiatives are essential to building resilience and long-term competitiveness among Malaysian SMEs. “By fostering innovation among SMEs, we aim to amplify their contribution to national productivity and enable sustainable growth amid an increasingly competitive global landscape,” he said. SME Corp confirmed that the subsequent two seminar sessions are scheduled to take place in Kuala Lumpur in July and August. These sessions will be held on an invitation-only basis for selected SMEs. Additional details are available via the agency’s official website at www.smecorp.gov.my. -Bernama

Kim Loong Resources Bhd reported a 6% year-on-year increase in revenue to RM411.7 million for the first quarter ended 30 April 2025 (1QFY26), supported by stronger fresh fruit bunch (FFB) production and improved selling prices. However, net profit for the quarter declined 15.3% to RM41.9 million, impacted by a reduced processing margin from milling operations. The company noted that despite this decline, the higher selling price of FFB and improved production volumes helped underpin revenue growth. On a quarter-on-quarter basis, the group’s net profit nearly doubled from RM22.8 million recorded in the fourth quarter ended 31 January 2025, even as revenue fell from RM443.3 million. The improvement in earnings was attributed to higher FFB output during the quarter. Looking ahead, Kim Loong Resources is targeting a 5% to 10% increase in FFB production for the financial year ending 31 January 2026. The company expects this growth to be driven by the favourable age profile of its young, productive palms and the continued progress of its replanting programme. -The Star

The Malaysia Pavilion at Expo 2025 Osaka has welcomed more than 1.5 million visitors within the first three months of the event, surpassing initial expectations and reinforcing the nation’s strategic global positioning. According to a statement by the Ministry of Investment, Trade and Industry (MITI), the strong public response was further complemented by the achievement of over 69 per cent of Malaysia’s total trade and investment target of RM13 billion. “This success boosts Malaysia’s momentum in achieving the two main objectives of participating in the World Expo, namely driving strategic economic outcomes and expanding the country’s engagement with the global community,” MITI said. Director of the Malaysia Pavilion, Ellyza Mastura Ahmad Hanipiah, expressed appreciation for the overwhelming response and interest from both the public and global stakeholders. “We hope to continue to create meaningful experiences so that every visitor brings home the smiles and fond memories of Malaysia,” she said. -Bernama

Malaysia’s key banking associations have moved to reassure consumers that essential everyday banking services will remain exempt from the expanded service tax on financial services, set to come into force on 1 July. In a joint statement, the Association of Banks in Malaysia (ABM), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), and the Malaysian Investment Banking Association (MIBA) confirmed that the revised scope of the tax will be limited to selected corporate, treasury and investment banking services. They emphasised that routine financial services used by individual consumers—including those involving fees or commissions linked to current and savings accounts, e-wallets and credit cards—will not fall within the scope of the expanded tax. Additionally, core services such as cash deposits and withdrawals, payments, local fund transfers, debit card issuance and related annual fees, as well as over-the-counter transactions including bill payments and statement printing, will remain exempt. “These are considered essential banking services and remain out of scope for service tax purposes,” the associations said, reaffirming their commitment to minimising disruption to the public. Interest charges, profit-based fees, penalties and credit card annual fees are also excluded from the revised tax framework, in a move designed to ensure that routine financial interactions for individuals are not impacted. “All banks under ABM, AIBIM and MIBA are committed to transparency. Where the service tax applies, the charges will be clearly indicated and communicated to customers,” the associations added. Customers with questions about how the changes may affect them are encouraged to contact their respective banks directly. The banking industry reiterated its intent to work closely with relevant authorities to ensure a smooth and responsible transition. -FMT

Popular Korean convenience store chain emart24 today marked the opening of its 100th store in Malaysia at a launch event in their new outlet in Kota Damansara.  Vuitton Pang, CEO of emart24 Holdings Sdn Bhd, described the brand’s journey in Malaysia as both humbling and inspiring. “The 100th store is a milestone we’re truly thankful for, and has been made more meaningful by the trust and encouragement of the communities we serve.”  “We remain committed to growing hand-in-hand with Malaysians and building meaningful connections for many more years to come. We hope to open another 50 outlets over the next year to bring affordable halal Korean street food experience to even more neighbourhoods,” he said.  “What began with a single store in Bangsar South has grown into a familiar presence across the country,” Pang continued. “We’re always listening to our customers and will continue to optimise our network to better serve our customers by being closer to wherever they are.”  “The Retail scene is evolving, and Malaysians today seek more meaningful connections in their daily experiences. We are excited to be part of this shift by offering a blend of quality, culture and community.”  emart24 was the first and fastest Korean convenience chain to break into Malaysia’s East Coast, tapping into local demand for halal-certified Korean flavours. “The response in States like Terengganu and Kelantan has been incredibly encouraging, and we are grateful for the warm welcome and continuous support,” Pang added.  Backed by South Korea’s retail giant Shinsegae Group, emart24 is the fastest-growing convenience store brand in its home country, with over 6,500 outlets. Malaysia is its first overseas market, and the brand’s success here has been closely tied to the rise of Korean culture and local demand for accessible, high-quality convenience offerings.  Kang In Sok, COO of emart24 Korea, said: “We congratulate emart24 Malaysia on the opening of its 100th store in Malaysia. I would like to express my heartfelt appreciation to everyone who has contributed to emart24’s remarkable growth in the Malaysian market. I look forward to seeing emart24 continue to lead the convenience store industry in Malaysia with even greater success in the future.”  The brand’s signature halal-certified Korean street food, including its bestselling cupbap and cheesy tteokbokki, continues to appeal to a wide range of consumers. The e-kafé product line, officially certified halal in February 2025, has been a key step in reinforcing emart24’s commitment to inclusivity and cultural respect.  “Securing halal certification was a proud milestone for us, showing our sincere intention to serve all Malaysians,” said Pang. “Our food is Korean at heart, but thoughtfully created for local tastes without compromising authenticity.”  “We have invested in a new and enlarged central kitchen which will deliver more variety of exciting halal ready-to-eat products to our customers,” he adds.  The 100th store celebration, themed “100 Stores. Endless Moments,” was held at the new flagship outlet in Kota Damansara. The store design, features a mural by local visual artist Nas Suha, capturing the spirit of cross-cultural connection between Korea and Malaysia, reflecting the brand’s core identity. The new store also features digital innovation powered by SOLUM ESL, including real-time pricing solutions and digital signage that enhance operational efficiency and elevate the customer experience with a sleek, modern touch.  Adding to the festivity was the official introduction of emart24’s new mascot, Dilly, who made a playful appearance at the event. The event also marked the launch of a new menu through a collaboration with Pinkfong’s Baby Shark, the globally beloved character celebrating its 10-year anniversary this year. Designed to engage families with children, the collaboration aims to strengthen brand affinity across all age groups.  “Baby Shark is one of the most cherished family entertainment IPs of The Pinkfong Company, and this partnership allows us to create joyful, memorable brand experiences for our younger customers,” said Tan Chuan Hoe, Chief Commercial Officer of emart24 Holdings Sdn Bhd.  In conjunction with the momentous celebration, emart24 introduced limited edition apricot-hued ice cream cones called “party cone”, an edible wafer cup and brand-new Matcha Strawberry soft serve. A nationwide “Spend & Win” campaign will kick off nationwide from 1st to 31st July 2025, where over 100 lucky customers stand a chance to win amazing prizes such as Samsung S25 phones and Samsung Galaxy Watches alongside Flight and Hotel vouchers to South Korea and other destinations, courtesy of Traveloka.  This event was proudly supported by Korea Agro-Trade (aT) Center. “The rise of Korean food culture in Malaysia has opened the door for deeper agro-trade and consumer trust. Through emart24’s expanding footprint, more Malaysians are discovering the quality and creativity of Korean food products, many of which are proudly promoted by the Korea Agro-Trade Centre. We are proud to support emart24’s efforts in making premium Korean offerings more accessible, especially through its halal-certified innovations,” said Chang Chung Ho, Director of Korea aT Center Kuala Lumpur.  “Malaysians are emotionally connected to the food and lifestyle they see in K-dramas, and emart24 brings a part of that into their neighbourhoods,” said Pang. “It’s that sense of familiarity and joy that keeps customers coming back.”  With a store presence now spanning the entire Peninsular Malaysia, emart24 is preparing for its next phase of growth, focused on building density, rewarding loyalty, and becoming even more integrated into local communities. Looking ahead, emart24 will continue to serve more customers in their own neighbourhoods.

Trinity Group Sdn Bhd, a boutique property developer, has announced a 100% take-up rate for Phase 1 of its latest residential project, Trinity Sensoria, achieving over RM 172 million in sales within just six months of its soft launch, with majority of buyers comprised young families and professionals seeking a secure, wellness-focused lifestyle near the city. Building on this strong momentum, Trinity Group will soon launch Phase 2 of the development, with units starting from just RM592,000. Strategically located in Beverly Heights, Ampang North, Phase 2 of Trinity Sensoria sits on 6.1 acres of freehold land and offers well-designed condominiums ranging from 1,008 to 1,286 sq ft. The project has a gross development value (GDV) of RM580 million and is targeted for completion by Q3 2028. Trinity Sensoria distinguishes itself as Malaysia’s first condominium to feature the pioneering 5X Protection System, a comprehensive approach to lifestyle safety and well-being. The five pillars include: Contactless Technology Wellness-Oriented Design Physical Wellness Amenities Social Wellness Amenities Mental Wellness Amenities Further reinforcing its commitment to quality and long-term value, Trinity Sensoria also introduces the Trinity Gold Assurance Program, providing buyers with extended warranties and peace of mind. Among the key highlights of the development is the Sensoria Garden Spa, a 11,000 sq ft. wellness sanctuary inspired by Austria’s iconic Aqua Dome. Thoughtfully designed to promote restorative living, the spa garden includes a Himalayan Salt Sauna, Outdoor Jacuzzi Pavilion, and Hydrotherapy Pods, providing residents with a serene, nature-inspired escape. Spanning an expansive 67,133 sq ft, the outdoor facility deck at Trinity Sensoria is carefully curated as a lifestyle sanctuary, offering residents an abundance of wellness, leisure, and family-centric amenities. Located just 10 km from the Kuala Lumpur city centre, Trinity Sensoria offers exceptional connectivity via major highways including MRR2, SUKE, DUKE, AKLEH, SPE, and the New Klang Valley Expressway (EKVE). The development is also conveniently close to lifestyle amenities such as Melawati Mall, Wangsa Walk, KL East Mall, and KLCC. “As a developer committed to redefining urban living, we’re proud that homebuyers have embraced Trinity Sensoria’s unique blend of innovation, security, and family-focused design,” said Dato’ Neoh Soo Keat, Managing Director of Trinity Group. “This milestone shows that today’s buyers are looking for more than space, they want peace of mind, enduring value, and a true sanctuary to call home.” To improve accessibility, Trinity Group has also invested RM6 million in infrastructure upgrades, including the construction of a new access road to the development. With Phase 2 on the horizon, the Group anticipates continued strong interest, building on its legacy of delivering high-quality, timely, and thoughtfully designed homes.