FEATURED NEWS
- August 28, 2025Business
Challenger to launch innovative ASX notes backed by public and private credit
Challenger Investment Management (Challenger IM), part of Challenger Limited, has today announced plans to launch an innovative first-of-its kind listed unsecured investment structure, Challenger IM LiFTS 1 Notes ( Challenger IM LiFTS ) to be quoted on the ASX. Challenger IM LiFTS will provide Australian investors with a fixed term investment paying monthly interest payments (deferrable in certain circumstances), which will be paid from proceeds from a managed and diversified portfolio of credit exposures. The launch marks a significant step in Challenger’s strategy to broaden access to income-generating investments and expand its presence in the listed debt market. It also signals the start of a new issuance program, designed to meet growing demand for private credit exposure in a more accessible format. Victor Rodriguez, Chief Executive, Funds Management, said the launch was aligned with Challenger’s long-term growth plans and commitment to investment excellence. “This is a strategic milestone for Challenger, and we’re thrilled to launch this innovative, first-of-its-kind note structure to the Australian market. It builds on our 20 years of experience investing in public and private credit and reflects our commitment to growing our listed retail presence with institutional grade income-focused solutions,” Mr Rodriguez said. “With the growing demand for private credit, Challenger IM LiFTS aims to provide access to this asset class via an ASX-listed fixed term debt security. We have secured cornerstone commitments of $100 million in under 24 hours from its opening demonstrating strong market appetite for this product,” he said. Challenger IM LiFTS offers a fixed term of seven years (with a target repayment date on the sixth anniversary of issue), monthly interest payments (deferrable in certain circumstances) and daily liquidity via the ASX. The interest rate payable is 1M BBSW + 2.75% per annum and includes a first loss buffer, designed to provide additional credit enhancement to noteholders. The underlying portfolio is expected to comprise of more than 100 credit exposures across private and public markets, with limits on individual positions and industry concentrations to support diversification. Challenger IM is one of Australia’s most experienced credit managers with more than $16 billion1 in fixed income assets under management, and a strong track record of delivering risk-adjusted returns through multiple market cycles. Challenger IM LiFTS is being brought to market by a syndicate including lead arrangers National Australia Bank, CommSec, E&P Financial and Morgans, with joint lead managers Ord Minnett, Wilsons, Canaccord and Taylor Collison. ENDS For more information contact: Felicity Goodwin Head of Public Affairs, Challenger P: 0461 579 782 E: [email protected] About Challenger Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for a better retirement. Challenger operates a fiduciary Funds Management division and an APRA-regulated Life division. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities. Disclaimer: Challenger IM Capital Limited (ACN 687 738 263) ( Issuer) is the issuer of the unsecured, deferrable, redeemable, floating rate notes known as the Challenger IM LiFTS 1 Notes ( Notes ) which are intended to be quoted on the ASX. The Notes are redeemable by, and the interest is deferrable by, the Issuer. Unless otherwise specified, any information contained in this material is current as at the date of publication and has been prepared by the Issuer. The offer of Notes will be made by a Prospectus which is available, along with a target market determination (TMD), at www.fidante.com/challenger-im-lifts. It is important for you to consider the prospectus and whether you are in the target market in the TMD in deciding whether to invest. You will need to complete the application form accompanying the prospectus. No cooling off rights apply to an investment in the Notes. The Issuer has appointed Fidante Partners Services Limited (ACN 119 605 373) ( FPSL ) as authorised intermediary to make offers to arrange for the issue of Notes under the Prospectus, pursuant to section 911A(2)(b) of the Corporations Act 2001 (Cth). FPSL is the holder of Australian Financial Services Licence ( AFSL ) number 320505. Challenger Investment Partners Limited (also referred to as " Challenger Investment Management " or " CIM ") (ACN 092 382 842, AFSL 234 678) provides investment management and other services to the Issuer. The Issuer is not licensed to provide financial product advice in relation to the Notes. The information provided is intended to be general in nature only. This material has been prepared without taking into account any person's objectives, financial situation or needs. Any person receiving the information in this material should consider the appropriateness of the information, in light of their own objectives, financial situation or needs before acting. Past performance is not a reliable indicator of future performance. Investments in the Notes are subject to investment risk, including possible delays in payment and loss of interest or principal invested. The Notes and their performance are not guaranteed by any member of the Challenger Group or any other person. The Notes are not bank deposits. The material has not been independently verified. No reliance may be placed for any purpose on the material or its accuracy, fairness, correctness or completeness. To the fullest extent permitted by law, the Issuer, CIM, FSPL or any other member of the Challenger Group and their respective associates and employees shall have no liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this material or otherwise in connection with the information.
- August 28, 2025Business
Domino’s FY25: Stable performance, strategic reset underway
Network Sales: $4.15 billion, -$36.8 million (-0.9%) including strategic store closures Same Store Sales: -0.2% (vs +1.5% in the prior corresponding period) Franchisee EBITDA: $94.7k (rolling 12 months) in line with prior year EBIT : $198.1 million (-4.6% vs prior corresponding period) Dividend : 21.5 cents per share (unfranked); DRP retained with underwriting removed for FY25 Domino’s Pizza Enterprises Limited (ASX: DMP) today released its FY25 Full Year results, and confirmed its strategic priorities to improve profitability, simplify operations, and drive long-term value creation across the business. Solid performances in Australia and BENELUX, with encouraging signs of improvement in Germany and Southeast Asia, offset by continued challenges in France and Japan. Progress has been made in identifying and delivering cost savings, with initiatives now underway to reinvest in marketing and franchisee support while further simplifying the business. The Company remains focused on lifting unit economics through same store sales growth and disciplined store support. Executive Chair Jack Cowin said the business is concentrating on the fundamentals – quality food, strong service, compelling value – while making the structural changes necessary to compete and grow in a changing environment. “We’re taking action to make Domino’s a leaner, more efficient business. That means reducing costs – and using those savings to support our franchise partners and invest in marketing that drives sales. We will share the rewards when we get it right – with customers, with partners, and with shareholders.” “Customer expectations haven’t changed – they still want great food delivered fast, at a fair price. That’s where we’re focused. Product. Service. Image. Value,” Mr Cowin said. Operational Reset: Supporting Growth through Efficiency and Capital Discipline The Company is progressing a Group-wide cost efficiency program. While the final quantum of savings will be confirmed at a later date, benefits are expected to be reinvested to: Enhance franchise partner economics through lower input costs and operational support; Increase working media investment to drive top-line momentum; Improve digital and data capabilities to lift conversion and repeat orders. Domino’s also confirmed an updated capital management approach Prioritising deleveraging and optimising growth , to ensure retained earnings are directed toward paying down debt and reinvestment during this phase of operational reset. The Board believes a lower payout is prudent in the current context and aligned with long-term shareholder value creation. Maintaining the Dividend Reinvestment Plan (DRP),but removing the underwriting feature . This preserves an avenue for investors who wish to compound their investment at a time when the Company’s share price does not fully reflect its long-term potential. Targeting net debt to EBITDA of below 2.0x before any reconsideration of payout increases or underwriting. This reflects the Company’s commitment to rebuilding balance sheet strength and maintaining strategic flexibility. FY25 Market Overview Australia and New Zealand (ANZ): The ANZ business continued to deliver strong results achieving record profitability while simultaneously delivering the highest franchisee EBITDA in three years. After a first-half focus on capturing more occasions, the business has returned its attention to core pizza and the value-led sharing occasion. A structured menu reduction program is now underway, aimed at improving product quality scores, as measured by customers, and simplifying store operations – both to improve franchisee profitability. New Zealand is responding to the challenges of a softer macroeconomic environment affecting QSR demand. Asia: An improved performance in Taiwan and Malaysia/Singapore/Cambodia, was offset by a decline in Japan earnings, with lower same store sales as management continues to focus on improving the customer value proposition. The Japan store closures announced in the 2nd half, have been completed and will assist in stabilising the profitability of both the franchised and corporate store network. Domino’s Japan is working to reduce a reliance on discount-focused marketing, instead building everyday value for customers in a low-frequency market, coupled with increased working media during traditionally high-volume special occasions such as Christmas. “In Asia, we’ve taken tough but necessary decisions to close underperforming stores and refocus on frequency and value. The work is underway to rebuild momentum.” Europe: Performance in Europe was mixed, with strong results in the Benelux and encouraging progress in Germany, partly offset by ongoing challenges in France. BENELUX delivered positive same store sales growth, supported by the rollout of the Honour the Craving brand platform, new product innovation, and a shift to digital-led media. In Germany, national value campaigns are helping lift customer acquisition and brand awareness in a soft consumer environment. In France, new leadership is now in place with a clear mandate to simplify and rebuild. Plans are underway to reduce menu complexity, focus on value messaging and expand premium offerings, to build a more sustainable growth model. Looking Ahead Domino’s intends to reinvest the benefits of ongoing savings initiatives into additional working media and lower costs to drive improved unit economics and franchise returns. While new store openings have remained subdued in recent periods – reflecting franchisee profitability levels below long-term plans – the Company expects this trend to improve at unit economics improve – a key focus of management. New store openings will only be pursued where new stores are expected to be sustainably profitable and deliver a meaningful return on investment to franchise partners. “We have work to do. But we know what matters. A better experience for our customers, a stronger return for our franchisees and value creation for our shareholders,” Mr Cowin said. “That is the future we’re building.” Authorised for release by the Domino's Pizza Enterprises Ltd. Board of Directors Further information: Nathan Scholz, Chief Communications and Investor Relations Officer: +61-419-243-517 / [email protected]
- August 28, 2025Business
Blackwater community groups called to apply for funding
Community groups in Blackwater and the surrounding areas with projects or ideas that make a positive difference to the local community are being encouraged to apply for funding in the next round of Yarrabee Coal’s Community Support Program. The 2026 Community Support Program is funded by Yancoal Australia and provides financial assistance to local groups working in the areas of health, community, environment, arts, culture, education and training. Yarrabee Coal Operations Manager Mike Priestly encouraged local community groups to lodge their application form to apply for funding. “Our Community Support Program gives us the opportunity to assist locally focused programs and initiatives capable of making a real contribution to the continued growth and sustainability of the Blackwater area. “A previously successful organisation is the Blackwater Bandits Football Club. With funding support from us, they were able to purchase 18 new portable football goals to be used in training and weekly matches. The new goals allow the players to train more effectively and compete at a higher level in matches. “In the past, Yarrabee has also donated funds to Blackwater PCYC, which helped them enhance their youth programs and offer more sports and recreational activities to improve youth development in the area. “These are just two examples of some of the amazing projects that have been supported by our program, which will be enjoyed by many people in our community for years to come. “If you have a project or idea that has the potential to benefit others in Blackwater, we encourage you to apply now,” said Mike. The program is open for applications from 18 August to 26 September 2025. For more information or for an application, please visit contact [email protected] Yancoal is proud to be investing into local and regional Australia, helping build stronger communities across the country. For over 20 years since 2004, Yancoal has grown to be one of Australia’s largest coal exporters: owning or operating eight producing mines across the country, employing almost 5,500 Australians, contributing to the national economy, and investing in regional communities. END Media contact: Tracy Woodley Email: [email protected];
- August 27, 2025Business
IGB Berhad Enters into Joint Venture to Acquire and Develop Land in Southkey, Johor Bahru
Highlights: The joint venture will acquire and develop two strategic parcels of land adjacent to The Mall, Mid Valley Southkey, creating synergy with the existing development. IGB Berhad to leverage on expertise and successful partnership with Southkey City Sdn Bhd to maximise value of investment for joint venture. IGB Berhad (IGB) today announced that its wholly owned subsidiary, IGB Corporation Berhad (IGBCB) entered into a Shareholders Agreement with Southkey City Sdn Bhd (SCSB) to establish Enrich Horizon Sdn Bhd (EHSB) to acquire and develop two parcels of leasehold land in Southkey, Johor Bahru. IGBCB will have a 70% shareholding in EHSB. The aggregate purchase consideration for both parcels of land is RM214.97 million, with IGBCB’s funding sourced from internally generated funds and/or borrowings. The land parcels to be acquired by EHSB measure approximately 860,000 square feet, or 19.7 acres and are strategically located adjacent to a mixed-use development currently undertaken by subsidiaries of IGB, which comprises The Mall, Mid Valley Southkey and commercial and hospitality assets. The joint venture and land acquisition paves the pathway to another integrated mixed-use development that is intended to include retail, hospitality and commercial components, tailored to support the growing Johor economy driven by the recently launched Johor-Singapore Special Economic Zone (JS-SEZ) programme and the new Johor Bahru-Singapore Rapid Transit System Link scheduled for completion in 2026. Together with the existing and future assets in Southkey, the Group envisages the enlarged development to be eventually comparable in size to the renowned Mid Valley City in Kuala Lumpur. The land acquisition is conditional upon the approval of the Malaysian Ministry of Economy and is envisaged to be granted within 6 months from the signing of the Sale and Purchase Agreement. Barring unforeseen circumstances, the acquisition is expected to be completed in the first half of 2026. Building on the successful partnership between IGBCB and SCSB for The Mall, Mid Valley Southkey, the joint venture and development of the two parcels of land by EHSB are expected to yield medium to long-term benefits to its stakeholders. Site location - END - For media inquiries, please contact: [email protected] [email protected]
- August 27, 2025Business
Orica and Oyu Tolgoi partnership drives mining innovation and efficiency in Mongolia
Since 2019, Orica has partnered with Oyu Tolgoi to deliver a continuous improvement program that has significantly enhanced productivity, efficiency, and cost-effectiveness across the site. Following the completion of a seven-year underground expansion in 2023, Oyu Tolgoi is now on track to become one of the top copper producers globally. Orica’s deployment of advanced technologies—including the i-kon™ III electronic detonators, Advanced Vibration Modelling (AVM), and Fortis™ Eclipse™ bulk explosives—has helped address key operational challenges such as blast-induced vibration and wall damage. These innovations have enabled precise blast control, improved fragmentation, and reduced equipment downtime. Chris Batten, Technical Solutions Manager at Orica, said: "The i-kon III system and AVM have allowed us to better manage vibration and control blast outcomes, reducing damage and improving ore quality. This has delivered real value to Oyu Tolgoi’s surface operations." The partnership has also seen the successful implementation of Orica’s FRAGTrack™ system for real-time fragmentation analysis, enabling data-driven decision-making and continuous optimisation. By combining production, trim, and presplit blasts, Orica has helped reduce delays and increase shovel uptime, leading to higher-grade ore processing and reduced costs. Since 2019, Orica has partnered with Oyu Tolgoi to deliver a continuous improvement program. Luis Grijalva, Territory Manager at Orica, added: "Our structured collaboration with Oyu Tolgoi has delivered measurable improvements. The recently renewed agreement reflects the strength of our relationship and our shared commitment to innovation and excellence." Orica’s Mongolian Technical Services Engineers have played a key role in introducing global innovations to the local mining industry. Technologies such as WebGen™, Cyclo™, 4D™, and FRAGTrack™ Gantry are poised to unlock further opportunities for optimisation at Oyu Tolgoi. This long-term partnership exemplifies Orica’s ability to deliver tailored, high-impact solutions that meet the evolving needs of complex mining operations. Orica’s deployment of advanced technologies—including the i-kon™ III electronic detonators, Advanced Vibration Modelling (AVM), and Fortis™ Eclipse™ bulk explosives—has helped address key operational challenges such as blast-induced vibration and wall damage. The team at Oyu Tolgoi successfully introduced i-kon™ III electronic blasting system on site - the first site in Mongolian mining history to use electronic detonators in surface operations.
- August 27, 2025Business
Grill’d launches first-ever retail range in partnership with Coles bringing iconic burgers to Aussie homes
For the first time ever, Grill’d, Australia’s favourite beef burger brand1, is set to launch a retail range of their delicious, healthy burger patties exclusively at Coles - bringing the Grill'd experience into the homes of millions of customers from Wednesday 6 August. Available in-store and online at Coles stores nationally, the Grill’d range starts at just $8 for a 2-pack and includes three mouthwatering options with the same commitment to flavour, quality and health that you’d expect in-restaurant. With Coles research finding that over one in two Australians say they have an interest in recreating their restaurant or takeaway dinner in their own kitchen, and a 'familiar taste' is the top driver of meal choice2 - the new range is designed to help more home cooks easily create their own delicious Grill’d burgers, no chef skills required. The popular healthy burger restaurant has been flipping burgers for 21 years and has grown to 174 burger restaurants across the country. In 2025, Grill’d is set to accelerate growth with several new restaurant locations scheduled to open across the country. Grill’d Founder and Managing Director, Simon Crowe said he was excited to expand the restaurant to the supermarket, giving more Australians the opportunity to enjoy Grill’d burgers. “For over two decades, Aussies have loved coming into Grill’d restaurants for healthy burgers that taste good and do good. This next chapter in our story is very exciting as we take our products into peoples’ homes,” he said. “Having our burgers available nationally at Coles, allows us to take the next big step in our mission: to make our healthy, delicious burgers accessible to all Australians.” Just like in-restaurant, every pack of Grill’d burgers sold at Coles comes with a ‘Local Matters’ token inviting customers to support community initiatives. Through this partnership, Grill’d will be giving $10,000 this month to Coles’ community partners selected by customers, making every burger purchase a chance to give back. Coles Chief Commercial Officer, Anna Croft said Coles is committed to providing value to customers and introducing innovative ways to help inspire them in the kitchen. “We’re excited to join forces with Grill’d to launch an exclusive, premium burger range customers can only find at Coles,” she said. “Our customers are telling us they’re cooking more at home and looking for ways to create delicious and easy restaurant quality meals in their own kitchens - and that’s exactly what we hope to achieve by offering the new Grill’d burger range.” “This launch is the latest example of how we’re listening and responding to our customers, giving more Australians access to premium and convenient meal options at a price that offers real value.” The Grill’d range of 100% Australian grass-fed premium beef, hormone-free, antibiotic-free and gluten-free burgers includes: Grill’d Signature Beef Burgers (2-pack): Premium Aussie beef, $8.00 / $4 per serve Grill’d Premium Wagyu Burgers with Caramelised Onion (2-pack): Juicy wagyu with a hint of sweetness, $10.00 / $5 per serve Grill’d Signature Beef Burgers (4-pack): A value-friendly pack for the whole family, $12.50 / $3.15 per serve (available in selected stores) The Grill’d retail range will be available in the meat department at Coles stores nationally and online from Wednesday, August 6, 2025. To celebrate the launch, each product will be offered at an introductory price of $1 off the regular price for the first four weeks. To shop the range visit: coles.com.au For media enquiries, please contact Coles Media Line (03) 9829 5250 or [email protected] or [email protected] 1 Voted Australia's favourite beef burger brand, based on Fonto Moments in QSR data surveying participants between April 2024 to March 2025, comparing a rating of "very satisfied" upon purchasing beef burgers from Grill’d, McDonald’s, Hungry Jack’s, and/or Betty’s Burgers. See grilld.com.au for more details. 2 Coles Circle Food/Dinner Diaries Survey, Oct 2019 - Dec 2024, n = 42,710
- August 26, 2025Business
Seatrium and Karpowership Forge New Partnership with Letter of Intent for Powership Integration and FSRU Conversions
Seatrium Limited (“Seatrium” or “the Group”) is pleased to announce the signing of a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet. The milestone agreement, signed in Singapore, further deepens the strategic partnership between Seatrium and Karpowership and reinforces both companies’ shared commitment to advancing sustainable, mobile and scalable maritime energy solutions. The collaboration reflects Seatrium’s growing role in the global floating power infrastructure space, supporting energy access in underserved regions and enabling flexible deployment of power assets that can be harnessed in a myriad of ways — from powering remote communities and industrial operations to supporting data centres, and transitional energy hubs. Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore, where integration works will begin in the first quarter of 2027. Seatrium’s scope of work includes mechanical and electrical, equipment integration, mechanical completion, and pre-commissioning. The agreement also includes the conversion, life extension and repairs of three LNG carriers into Floating Storage and Regasification Units (FSRUs). This involves the installation of regasification modules, spread-mooring systems, and the integration of critical supporting systems such as cargo handling, offloading, utility, electrical, and automation systems. Mr. Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “This LOI marks a pivotal step in our journey to build a global franchise in floating power infrastructure. Our successful collaboration with Karpowership goes beyond FSRU conversions - it’s about enabling energy access through innovative maritime platforms. With four FSRUs delivered, a fifth due later this month, and two more underway, we are proud to be a long-term trusted partner in delivering greener energy and sustainable solutions; through a variety of innovative solutions in new generation powerships, FLNGs, floating battery, floating data centres and water de-salination vessels. These projects demonstrate our engineering excellence and our commitment to supporting the energy transition.” Mr. Gokhan Kocak, Chief Technical Operations Officer, Karpowership, said: “We are proud to deepen our long-term partnership with Seatrium as we continue to grow our Powership and FSRU fleet to meet evolving global energy needs. Seatrium’s consistent performance, engineering excellence, and technical strength make it a trusted partner in our ongoing mission to provide reliable and sustainable energy solutions worldwide. As part of this effort, we are developing our 3rd Generation Powerships with a modular system that can be adapted based on project needs. The new design will allow for the integration of advanced technologies such as CCUS (Carbon Capture, Utilisation and Storage) systems or turbines when required. By combining our expertise in design, engineering, and construction with cutting-edge innovation, we aim to reduce our environmental impact while delivering flexible and reliable energy solutions. We look forward to many more years of close collaboration and shared success. This LOI underscores Seatrium’s strategic ambition to play a leading role in the future of distributed and sustainable energy. -End- From left to right – Mr. Chris Ong, Chief Executive Officer, Seatrium, Mr. Gokhan Kocak, Chief Technical Operations Officer, Karpowership, Mr. Alvin Gan, Executive Vice President, Repairs & Upgrades, Seatrium and Mr. Orhan Remzi Karadeniz, Chief Executive Officer, Karpowership. Photo Credit: Seatrium About Karpowership Karpowership is a global energy company specializing in fast-track and integrated power solutions. With a fleet of 50 Powerships and a total installed capacity of 10,000 MW; the company delivers turnkey energy solutions wherever and whenever they’re needed. As the only owner, operator, and builder of the world's only Powership fleet, Karpowership offers a plug-and-play solution that can be directly connected to the grid and start generating electricity in less than 30 days. In addition to its signature Powerships, Karpowership offers floating LNG solutions, with a fleet of 11 LNG assets, including the ones in the pipeline, that is composed of FSRUs and LNG carriers. Its LNG-to-Power model supports a cleaner and flexible energy future. With over 25 years of experience, Karpowership remains committed to delivering sustainable, reliable power; empowering nations and communities beyond the grid. About Seatrium Limited Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types. The Group’s key business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation. As a premier global player offering offshore renewables, new energies and cleaner offshore & marine solutions, Seatrium is committed to delivering high standards of safety, quality and performance to its customers which include major energy companies, vessel owners and operators, shipping companies, and cruise and ferry operators. Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States. Discover more at www.seatrium.com. For more information, please contact: Mr Winston Cheng Head, Investor Relations and Corporate Communications Tel No: +65 68637367 Email: [email protected] Ms Clarissa Ho Senior Manager, Investor Relations and Corporate Communications Tel No: +65 68030276 Email: [email protected]
- August 26, 2025Business
15 Prime Freehold Ground Floor F&B and Gym Strata Units at East Village For Sale at $71.8 million
CBRE, as the exclusive marketing agent, is offering a rare opportunity to acquire a portfolio of 15 freehold prime ground floor strata units at East Village. The portfolio comprises 11 Food & Beverage (F&B) approved units, 1 clinic, and 3 adjoining units presently occupied by a gym. The sale will be conducted through an Expression of Interest, which closes on Thursday, 18 September 2025, at 12pm. Completed in 2014, East Village is a 5-storey freehold mixed-use development, featuring 90 residential units above a vibrant ground floor retail podium. The retail component is well-occupied by a diverse mix of popular food establishments, local start-ups, and retail shops offering a wide array of trades and services. Notable anchor tenants include Anytime Fitness, Katong Mei Wei Chicken Rice, and Hong Kong Street Family Restaurant. Strategically located within Simpang Bedok, East Village benefits from a well-established and affluent catchment area renowned for its dynamic culinary scene and bustling late-night atmosphere. The development commands triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk, and is supported by convenient parking options for visitors with an open-air public carpark located right outside the premises, as well as a basement carpark. Nearby amenities include educational institutions such as Anglican High School and ITE College, as well as strong and ready catchment from surrounding private and landed residences. The portfolio of 15 commercial strata units spans a total strata area of approximately 17,482 square feet with individual unit sizes ranging from 431 square feet for the smallest F&B unit to 6,985 square feet for the gym. 12 of the units have main road frontage with outdoor refreshment areas and direct access from the outdoor carpark. All units are currently leased, providing immediate rental income and potential for capital appreciation and rental upside. At the guide price of S$71.8 million, it translates to approximately S$4,110 per square foot based on strata area. Units can be sold as a portfolio or individually. Foreigners and corporates are eligible to purchase and there will not be any Additional Buyer’s Stamp Duty and Seller’s Stamp Duty imposed. Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE says, “We have been witnessing strong demand for commercial properties with the reduction of borrowing cost since the start of the year. Given the palatable quantum and scarcity of freehold commercial units in well-located areas, CBRE anticipates strong interest from high-net-worth individuals due to the immediate rental income and potential for rental upside. Most of the units enjoy prime positioning along the external-facing frontage of the development, directly facing the public carpark and comes with dedicated entrances. This layout offers the units with operational flexibility, allowing these businesses to extend their hours and cater to their respective patrons independently of the mall’s standard operating hours.” East Village is well-connected via public and private transportation, with Tanah Merah MRT station nearby and seamless access to major expressways including Pan Island Expressway (PIE) and East Coast Parkway (ECP). The development is a 22-minute drive from the Central Business District (CBD). About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com .
- August 25, 2025Business
CapitaLand Ascendas REIT to divest five properties in Singapore for S$329.0 million
CapitaLand Ascendas REIT continues to optimise its portfolio returns with the divestments of five industrial and logistics properties in Singapore for S$329.0 million. The divestments are at approximately 6% premium over the properties’ total market valuation and a 20% premium to the total original purchase price. The divestments of the five properties, namely 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road, 19 & 21 Pandan Avenue and 30 Tampines Industrial Avenue 3 as pictured, are expected to complete within 4Q 2025. CapitaLand Ascendas REIT Management Limited, as the manager (the “ Manager ”) of CapitaLand Ascendas REIT (“ CLAR ”), is pleased to announce the proposed divestments of five industrial and logistics properties (“ Proposed Divestments ”) in Singapore (collectively, the “ Properties ”) to unrelated third parties for a total sale consideration of S$329.0 million (“ Sale Consideration ”). The Properties are 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road and 19 & 21 Pandan Avenue, as well as 30 Tampines Industrial Avenue 3. The Sale Consideration represents a premium of approximately 6% over the total market valuation of the Properties of S$311.3 million and a 20% premium to their total original purchase price of S$274.2 million. The Proposed Divestments are in line with the Manager’s proactive capital recycling strategy to improve the quality of CLAR’s portfolio and optimise returns for unitholders of CLAR. The estimated net proceeds after divestment costs are expected to be S$313.1 million. The net proceeds may be utilised for various purposes, including financing committed investments, paying down debt, extending loans to subsidiaries, funding general corporate and working capital needs, and/or making distributions to Unitholders. For the purpose of calculating the pro forma impact on CLAR’s aggregate leverage, if the net proceeds were used to repay CLAR’s borrowings as at 31 December 2024, its aggregate leverage would have reduced from 37.7% to approximately 36.6%. The Proposed Divestments are expected to be completed within the fourth quarter of 2025. Following the completion of the Proposed Divestments, CLAR will own 226 properties comprising 93 properties in Singapore, 34 properties in Australia, 49 properties in the United States (US) and 50 properties in the United Kingdom/Europe. In accordance with the trust deed dated 9 October 2002 constituting CLAR (as amended, varied, and/or supplemented from time to time), the Manager is entitled to a divestment fee of 0.5% of the Sale Consideration of the Properties, which will be paid in cash. The Proposed Divestments follow the sale of Parkside, a business space property in Portland, the US, for S$26.5 million, which was completed in June 2025. The sale price of Parkside reflected a premium of approximately 45% to the market valuation of S$18.25 million 1 as at 31 December 2024. To date, CLAR has announced a total aggregate value of S$355.5 million of divestments in 2025. Assuming the Proposed Divestments and the sale of Parkside had been completed on 1 January 2024, the pro forma impact on CLAR’s net property income and DPU for the financial year ended 31 December 2024 would be a decrease of approximately S$21.6 million and 0.399 Singapore cents, respectively. They are not expected to have any material impact on CLAR’s net asset value and distribution per Unit (“ DPU ”) for the financial year ending 31 December 2025. Divestment of a Portfolio of Four Properties HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CLAR (the “ Trustee ”), has entered into put and call option agreements with an unrelated third party for the proposed divestment of 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road and 19 & 21 Pandan Avenue in Singapore. The total sale consideration of S$306.0 million, which was negotiated on a willing-buyer and willing-seller basis, represents a premium of approximately 6% over the total market valuation of S$289.3 million and a 21% premium to their total original purchase price of S$252.2 million. The portfolio comprises one industrial and three logistics properties with a total gross floor area (“ GFA ”) of 186,346 square metres (“ sq m ”). The weighted average remaining land lease tenure of the Properties is approximately 27 years while the weighted average lease expiry 2 (“ WALE ”) is about 1.6 years as of 30 June 2025. Summary of Properties Divestment of 30 Tampines Industrial Avenue 3 The Trustee has entered into a sale and purchase agreement with an unrelated third party for the proposed divestment of 30 Tampines Industrial Avenue 3 in Singapore. The sale consideration of S$23.0 million, which was negotiated on a willing-buyer and willing-seller basis, represents a premium of approximately 5% over both the market valuation of S$22.0 million as at 30 June 2025 7 and the original purchase price of S$22.0 million. 30 Tampines Industrial Avenue 3 is an industrial property comprising a two-storey high-specifications building with a total GFA of 9,593 sq m. The property has a remaining land lease tenure of approximately 38 years. The property is currently unoccupied. Footnotes: 1. The valuation for Parkside was commissioned by the Manager and the Trustee, and was carried out by National Property Valuation Advisors, Inc. using the income approach and sales comparison approach. 2. By monthly gross rental income. 3. The valuation for the Property was commissioned by the Manager and the Trustee, and was carried out by Edmund Tie & Company (SEA) Pte Ltd using the capitalisation, discounted cash flow and direct comparison methods. 4. The valuation for the Property was commissioned by the Manager and the Trustee, and was carried out by Cushman & Wakefield VHS Pte Ltd using the capitalisation, discounted cash flow and direct comparison methods. 5. The valuation for the Property was commissioned by the Manager and the Trustee, and was carried out by Edmund Tie & Company (SEA) Pte Ltd using the capitalisation, discounted cash flow and direct comparison methods. 6. The valuation for the Property was commissioned by the Manager and the Trustee, and was carried out by Cushman & Wakefield VHS Pte Ltd using the capitalisation, discounted cash flow and direct comparison methods. 7. The valuation for the Property was commissioned by the Manager and the Trustee, and was carried out by Edmund Tie & Company (SEA) Pte Ltd using the capitalisation, discounted cash flow and direct comparison methods.
- August 25, 2025Business
WeRide Secures Strategic Equity Investment from Grab, Partners to Deploy Robotaxis and Autonomous Shuttles in Southeast Asia
WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, announced today that Grab (NASDAQ: GRAB), Southeast Asia’s leading superapp, has committed to a strategic equity investment in WeRide. The investment is part of a strategic partnership between both companies to accelerate the deployment and commercialisation of Level 4 Robotaxis and shuttles in Southeast Asia, and reflects a shared vision to seamlessly integrate WeRide’s autonomous vehicles (AVs) into Grab’s network to enhance service and safety levels. Grab's investment is expected to be completed by the first half of 2026, subject to customary closing conditions and WeRide’s preferred timing. It supports WeRide’s growth strategy to expand its commercial AV fleet in Southeast Asia and advance AI-driven mobility. This partnership will establish a framework for deploying autonomous solutions across Grab’s network to enhance operational efficiency and scalability. As part of this strategic collaboration, WeRide will integrate its autonomous driving technology into Grab’s fleet management, vehicle matching and routing ecosystem. In addition, WeRide and Grab will train, upskill and transition interested Grab driver-partners and local communities to high-value career pathways within the AV industry. “WeRide’s vision for Southeast Asia is to deploy thousands of Robotaxis across the region, through a progressive rollout aligned with local regulations and societal readiness. Grab, our newest partner and investor, is a household name in Southeast Asia with unmatched regional expertise and scale in ride-hailing and digital services. Together, we will combine WeRide's advanced AV technology and operational know-how with Grab's strengths to accelerate safe, efficient Robotaxi services, enter new markets, and reinforce our first-mover leadership in shaping the future of mobility,” said Dr. Tony Han, Founder and Chief Executive Officer of WeRide. “We want everyone in Southeast Asia to have access to reliable transportation whenever they need it. However, manpower constraints remain a challenge. We believe AVs can complement our driver network and be deployed in cities with significant driver shortages. We look forward to working with WeRide to extensively test their vehicles across diverse Southeast Asian environments. This will allow us to gain valuable insights into their real-world performance, adapt the technology to further enhance safety and reliability, and meet the region’s unique needs,” said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab. A scalable approach to the deployment and management of AVs. WeRide will collaborate with Grab on the technical and operational requirements for seamless, end-to-end integration into Grab’s fleet management system, in the following areas: Optimising dispatch and routing: Leveraging seamless integration of WeRide and Grab’s platforms to efficiently deploy and route AVs, enhancing passenger experience. Maximising vehicle uptime: Developing robust maintenance, repair, and charging protocols to ensure operational efficiency. Measuring safety performance: Leveraging WeRide’s regional operational experience to train AVs to navigate Southeast Asia’s traffic conditions, and assess their ability to reduce accidents caused by human errors. Remote monitoring and teleoperations: Establishing processes to ensure safety and provide remote support during emergency scenarios. Customer support: Implementing systems for rapid issue resolution to deliver seamless service. Training and upskilling: Tapping on WeRide trainers’ extensive AV remote supervision experience and GrabAcademy’s track record in upskilling driver-partners to prepare and transition driver-partners and local communities for future roles. This expanded partnership builds on a Memorandum of Understanding signed in March 2025, where WeRide and Grab committed to exploring the technical feasibility, commercial viability, and job creation potential of AVs in the region. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 10 countries. We are also the first and only technology company whose products have received autonomous driving permits in six markets: China, Singapore, France, Saudi Arabia, the UAE, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named in Fortune Magazine’s 2024 “The Future 50” list. Media Contact [email protected] About Grab Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 800 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint. Media Contact [email protected] Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about WeRide and Grab’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide and Grab’s filings with the U.S. Securities and Exchange Commission. All information provided in this Report is as of the date of this Report. WeRide and Grab do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
- August 22, 2025Business
IWK AND JSW COLLABORATE TO PROVIDE RECLAIMED WATER TO MEET GROWING DATA CENTRE NEEDS
In response to Malaysia’s accelerating digital infrastructure growth, the national sewerage company, Indah Water Konsortium (IWK) Sdn. Bhd. and Johor Special Water (JSW) Sdn. Bhd. have entered into a strategic collaboration to develop reclaimed water solutions that support the growing water demand of the data centre industry in Johor. Today, IWK and JSW signed three (3) agreements involving three (3) sewerage treatment plants, to supply alternative water to two (2) data centres in Johor. Treated effluent will be supplied through an integrated distribution system to water reclamation plants (WRP) at Bridge Data Centres Malaysia IV Sdn. Bhd. (BDC) and Computility Technology (Malaysia) Sdn. Bhd., while JSW will supply an alternative water source directly to Dayone Data Centre Malaysia II Sdn. Bhd. (Dayone). Under this agreement, IWK will supply 12 million litres per day (MLD) of treated effluent, sourced from its sewage treatment plants, to the WRP built by BDC and Computility. “Our collaboration with JSW marks a significant step forward in sustainable water management. By supplying reclaimed water sourced from treated effluent, IWK are providing a reliable, non-potable solution that meets the high water demands of industries like data centres. This initiative supports Malaysia’s sustainability goals and reduces pressure on clean water resources,” said IWK Chief Executive Officer, Narendran Maniam. This partnership will supply approximately 4 MLD of treated effluent from IWK’s JB-Pelangi Sewage Treatment Plant (JBR005) to BDC’s WRP in Ulu Tiram. JSW will oversee the delivery of treated effluent and coordinate with local authorities for all approvals. The treated effluent is to be reclaimed into high-grade water quality for use in BDC’s cooling operations. “With Johor experiencing a surge in water demand, driven by interest from over 50 data centres in the past two years, JSW has been working closely with IWK to deliver viable and sustainable water solutions. Treated effluent, both in quality and quantity, has proven to be safe and effective use in data centre operations,” emphasised JSW Chief Executive Officer, Abdul Rashid bin Haji Ismail. IWK produces over 7,371 million litres per day (MLD) of treated effluent from sewage treatment plants across the country, with 1,067 MLD generated in Johor alone. With growing market demand for sustainable water solutions in Johor, the potential for scaling reclaimed water infrastructure is significant. “We have already received multiple enquiries for reclaimed water supply from other data centre and industrial zones, including Nusajaya Tech Park, Sedenak Tech Park, Nusa Cemerlang Industrial Park, Pasir Gudang and Kempas. This clearly demonstrates Johor’s strong positioning as an emerging digital hub” added Abdul Rashid. With data centres ranked among the most water-intensive facilities, primarily due to cooling needs, reclaimed water offers a scalable, climate-conscious alternative to conventional sources. Established in October 2021, the partnership between IWK and JSW, a wholly owned subsidiary of Permodalan Darul Ta’zim Sdn. Bhd.—the investment arm of the Johor State Government, aims to repurpose treated effluent from sewage treatment plants (STPs) into reclaimed water for non-potable industrial uses. The IWK-JSW collaboration exemplifies how cross-agency partnerships can unlock new value from existing infrastructure while advancing sustainable development. This initiative plays a key role in Johor’s transformation into a smart, sustainable digital hub. By repurposing treated effluent as a valuable resource, it promotes responsible water management, enhances climate resilience, supports sustainable industrialisation, and aligns with Malaysia’s sustainability goals. For more information, please contact: IWK Wan Esuriyanti Wan Ahmad Head, Corporate Communications Department 012-2718095 Melissa Norris Senior Manager, Corporate Communications Department 016-2738308 ABOUT IWK JSW Fairuz Mohd Saad Executive, Johor Special Water 010-4082884 PDT Muhammad Ammar Akmal Senan, Vice President of Corporate Affairs PDT 013-209 8586 Norindah Khairi, Head of Corporate Affairs PDT 017-788 0959 - End- Indah Water Konsortium Sdn. Bhd. (IWK), is a sewerage services company owned by Minister of Finance Incorporated, Malaysia. IWK is responsible for providing sewerage services, operating and maintaining 9,133 existing sewage treatment plants and network pump stations, as well as more than 22,000 km networks of sewerage pipelines serving 32 million Connected Population Equivalent (cPE). Our core expertise spans Operations and Maintenance, Refurbishment, Planning & Policy Strategy, Engineering and Process Review, Project Planning and Management, Environmental Impact Assessment (EIA) and Hazard and Operability Studies (HAZOP), as well as Research & Development, and Training Services including module development. For more information, visit www.iwk.com.my ABOUT JSW Johor Special Water (JSW) is a subsidiary of Permodalan Darul Ta'zim that provides non-potable industrial water services in Johor. JSW has been mandated by the Johor State Government since 2011 to provide alternative industrial water solutions in Johor. ABOUT PDT Permodalan Darul Ta’zim Sdn. Bhd. (PDT) is a wholly-owned company of the Johor State Government, established in 1994 as a governmental investment instrument for asset management and state’s equity holdings in privatization projects. PDT's core business sectors encompass Water, Wastewater, Energy and Environment; Oil and Gas; Infrastructure and Property; as well as Strategic Business and Investment. PDT also has been entrusted by the Johor State Government to spearhead green development initiatives in Johor.
- August 22, 2025Business
Malaysia’s Trade Recovers, the Highest Monthly Value Thus Far
Malaysia’s trade performance returned to positive growth in July 2025, recording the highest monthly trade value ever, signalling the nation’s export resilience and global trade competitiveness. Trade rebounded by 3.8% year-on-year (y-o-y) to RM265.92 billion. Exports grew by 6.8% to RM140.45 billion, the highest monthly value since September 2022, reflecting sustained international demand for Malaysian goods. Imports edged up by 0.6% to RM125.47 billion, while trade surplus continued for the 63rd consecutive month, valued at RM14.98 billion for July 2025. Exports of electrical and electronic (E&E) products improved significantly, by nearly RM12 billion to RM63.31 billion, an increase of 22.5% year-on-year, compared to July 2024. It remained the key driver of Malaysia’s export growth, alongside optical and scientific equipment as well as processed foods. All these product categories recorded the highest export value thus far. Other contributors to export growth included machinery, equipment and parts as well as palm oil-based manufactured products. By destination, exports to all key trading partners namely ASEAN, China, the United States (US), Taiwan and the European Union (EU) registered positive growth, with exports to Taiwan reaching its highest value to date. Exports to Free Trade Agreement (FTA) partners also expanded, with notable increases in shipments to Mexico and the Republic of Korea (ROK), driven primarily by higher exports of E&E products. For the period of January to July 2025, trade, exports and imports achieved their highest cumulative value. Trade rose 4.7% to RM1.731 trillion year-on-year, with exports expanding 4.3% to RM900.47 billion and imports up by 5.1% to RM830.16 billion, resulting in a trade surplus of RM70.32 billion. Malaysia’s encouraging trade performance in the first seven months of 2025 comes amid a cautiously improving global trade outlook. The World Trade Organization (WTO) has revised its growth forecast for global merchandise trade volume in 2025 to 0.9%, up from its earlier projection of a 0.2% contraction. This modest recovery is largely driven by a surge in the US imports earlier in the year. In addition, the US Government’s decision to cut reciprocal tariffs on Malaysian exports from 25% to 19% reflects MITI’s methodical and disciplined trade diplomacy efforts. This tariff rate, which is roughly in line with the rest of our peers in ASEAN, will continue to support our competitiveness. Despite global trade and US tariff headwinds, Malaysia’s steady trade performance has contributed to the expansion of the nation’s Gross Domestic Product (GDP) by 4.4% in the second quarter of 2025. MITI and MATRADE will continue to be vigilant in navigating the shifting global trade dynamics and rising geopolitical tensions. Export Performance of Major Sectors Exports of Manufactured Goods Rebounded In July 2025, exports of manufactured goods which contributed 87% to total exports rebounded by 9% y-o-y to RM122.14 billion, due to strong exports of E&E products, machinery, equipment and parts, palm oil-based manufactured products, optical and scientific products as well as processed food. Exports of E&E products, optical and scientific products as well as processed food registered the highest value ever. Exports of agriculture goods (6.5% share) in July 2025 decreased by 8.6% y-o-y to RM9.19 billion following lower exports of palm oil and palm oil-based agriculture products due to lower export volumes. Exports of mining goods (5.7% share) in July 2025 declined by 4.3% y-o-y to RM8.06 billion. The contraction was mainly due to lower export prices of liquefied natural gas (LNG). Nonetheless, exports of metalliferous and metal scrap recorded an increase. Major exports in July 2025: E&E products, valued at RM63.31 billion which accounted for 45.1% of total exports, increased by 22.5% compared to July 2024; Petroleum products, RM8.12 billion, 5.8% of total exports, ↓27.2%; • Machinery, equipment and parts, RM6.84 billion, 4.9% of total exports, ↑15.9%; Palm oil and palm oil-based agriculture products, RM6.72 billion, 4.8% of total exports, ↓12.1%; and Manufactures of metal, RM5.7 billion, 4.1% of total exports, ↑1%. On a month on month (m-o-m) basis, exports of manufactured, agriculture goods and mining goods expanded by 15.2%, 2.6% and 44.5%, respectively. During the first seven months of 2025, exports of manufactured goods rose 5.8% to RM778.7 billion compared to the corresponding period in 2024 led by strong exports of E&E products, machinery, equipment and parts as well as palm oil-based manufactured products. Exports of agricultural goods grew by 7.8% to RM62.38 billion supported by increased exports of palm oil and palm oil-based agricultural products. Conversely, exports of mining goods dropped 18.3% to RM52.11 billion waned by lower exports of LNG and crude petroleum. Trade Performance with Major Markets In July 2025, Malaysia’s trade with major trading partners namely ASEAN, China, the US, Taiwan and the EU accounted for 70.9% share of total trade. ASEAN – Trade and Exports Improved In July 2025, trade with ASEAN which took up 27.2% of Malaysia’s total trade edged up by 1.7% y-o-y to RM72.29 billion. Exports improved by 8.4% to RM43.47 billion, contributed by higher demand for E&E products. Imports from ASEAN slipped by 6.8% to RM28.83 billion. Breakdown of exports to ASEAN countries: Singapore RM25.75 billion, increased by 22.2%, y-o-y; Thailand RM5.80 billion, ↑4.4%; Viet Nam RM4.70 billion, ↓4.7%; Indonesia RM4.01 billion, ↓11.3%; Philippines RM2.23 billion, ↓21.8%; Cambodia RM501.7 million, ↑77.4%; Brunei RM257.4 million, ↓64.5; Myanmar RM200.1 million, ↑26.0%; and Lao PDR RM7.1 million, ↑17.6%. Major markets in ASEAN that recorded export growth were Singapore, which expanded by RM4.68 billion y-o-y and Thailand, which rose RM245.4 million following solid exports of E&E products. Similarly, exports to Cambodia rose RM218.8 million, led by higher exports of petroleum products. Exports to Singapore and Cambodia recorded the highest value thus far. Compared to June 2025, trade, exports and imports grew by 24.3%, 31.4% and 15%, respectively. For the period of January to July 2025, trade with ASEAN contracted by 1.2% to RM445.85 billion compared to the same period in 2024. Exports edged up by 0.8% to RM262.1 billion attributed to robust exports of E&E products as well as machinery, equipment and parts. Imports from ASEAN were contracted by 3.8% to RM183.75 billion. China – Exports Picked Up Trade with China in July 2025 increased by 6.5% y-o-y to RM44.43 billion, accounting for 16.7% of Malaysia’s total trade. Exports rebounded by 6.8% to RM15.8 billion after registering two successive months of decline, buoyed by higher exports of E&E products as well as petroleum products. Imports from China expanded by 6.3% to RM28.63 billion. Compared to June 2025, trade, exports and imports rose 4.1%, 6.5% and 2.8%, respectively. During the first seven months of 2025, trade with China expanded by 6.3% to RM293.26 billion compared to the same period in 2024. Exports were lower by 2.7% to RM102.6 billion as a result of lower exports of LNG, manufactures of metal as well as chemicals and chemical products. Amid the contraction, growing exports were seen for E&E products, machinery, equipment and parts as well as palm oil-based manufactured products. Imports from China climbed 11.9% to RM190.66 billion. The US – Trade, Exports and Import Retained Growth In July 2025, trade with the US which absorbed 11% of Malaysia’s total trade declined by 7.6% y-o-y to RM29.34 billion. Exports grew by 3.8% to RM18.47 billion contributed by higher exports of E&E products, manufactures of metal and rubber products. Imports from the US decreased by 22.2% to RM10.88 billion. On a m-o-m basis, trade and exports increased by 7.4% and 13.5%, respectively while imports contracted by 1.5%. For the period of January to July 2025, trade with the US rose 25.2% y-o-y to RM215.96 billion. Exports expanded by 23.9% to RM130.06 billion, underpinned by solid exports of E&E products, processed food as well as machinery, equipment and parts. Imports from the US increased by 27.1% to RM85.91 billion. Taiwan – Exports Posted New Record High In July 2025, trade with Taiwan which made up 8.7% of Malaysia’s total trade recorded strong double-digit expansion of 49.9% y-o-y to RM23.06 billion. Exports surged by 46.6% to RM7.82 billion, due to higher shipments of E&E products, optical and scientific equipment as well as machinery, equipment and parts. Similarly, imports from Taiwan jumped 51.6% to RM15.24 billion. On a m-o-m basis, trade, exports and imports increased by 36.9%, 12%, and 54.5%, respectively. Trade with Taiwan recorded a 35% growth in January to July 2025 period, amounting to RM132.68 billion compared to the same period last year. Exports soared 30.1% to RM47.11 billion, propelled by strong exports of E&E products, optical and scientific equipment as well as machinery, equipment and parts. Imports from Taiwan rose 37.8% to RM85.57 billion. The EU – the Sixth Successive Month of Export Expansion In July 2025, trade with the EU which comprised 7.3% of Malaysia’s total trade edged down by 2.1% y-o-y to RM19.38 billion. Exports grew by 5.7% to RM10.87 billion, the sixth successive month of expansion, fuelled by robust demand for E&E products, palm oil-based manufactured products and petroleum products. Imports from the EU fell 10.6% to RM8.52 billion. Within the EU, the top 10 markets which accounted for 91.1% of Malaysia’s total exports to the region were: Netherlands RM3.62 billion, increased by 37.4%, y-o-y; Germany RM2.91 billion, ↑0.1%; Italy RM758.5 million, ↓28.8%; Belgium RM643.0 million, ↓1.9%; France RM449.9 million, ↓19.4%; Spain RM370.1 million, ↑6.8%; Ireland RM367.9 million, ↑463.6%; Czech Republic RM285.7 million, ↑62.5%; Poland RM250.9 million, ↓29.3%; and Hungary RM242.9 million, ↓57.7%. Exports to the Netherlands increased by RM983.6 million and exports to Germany climbed RM4.2 million, boosted by increased exports of E&E products. Meanwhile, exports to Spain grew by RM23.6 million supported by higher exports of palm oil and palm oil-based agriculture products. Compared to June 2025, trade, exports and imports rose 14.2%, 18.7% and 9%, respectively. For the period of January to July 2025, trade with the EU were down by 0.3% to RM125.52 billion compared to the same period last year. Exports increased by 5.2% to RM69.84 billion on the back of higher exports of E&E products, palm oil-based manufactured products as well as transport equipment. Imports from the EU slipped by 6.4% to RM55.68 billion. Trade with FTA Partners In July 2025, trade with FTA partners which consisted of 64.7% of Malaysia’s total trade were up by 3.4% y-o-y to RM172.14 billion. Exports to FTA partners increased by 5.4% to RM93.83 billion and imports expanded by 1.1% to RM78.31 billion. Increases in exports were recorded to Mexico, which climbed 48.6% to RM3.16 billion and the ROK, which expanded by 5.5% to RM5.12 billion, propelled by higher shipments of E&E products. Additionally, exports to Turkiye increased by 7.2% to RM1.96 billion owing to higher exports of manufactures of metal, exports to New Zealand increased by 19.3% to RM497.6 million following robust exports of petroleum products and exports to the United Kingdom rose 2.1% to RM769 million on rising exports of palm oil and palm oil based agriculture products. Meanwhile, exports to Pakistan were up by 4.3% to RM385.5 million contributed by strong exports of chemicals and chemical products and exports to Japan edged up by 0.2% to RM6.87 billion, due to higher exports of crude petroleum. Compared to June 2025, trade, exports and imports climbed 12.4%, 16.3% and 8.1%, respectively. Trade with FTA partners during the first seven months of 2025 edged up by 0.6% to RM1.104 trillion compared to the corresponding period in 2024. Exports decreased marginally by 0.4% to RM592.48 billion and imports expanded by 1.8% to RM511.89 billion. Import Performance Total imports in July 2025 edged up by 0.6% y-o-y to RM125.47 billion. The three main categories of imports by end use, which accounted for 68.1% of total imports were: Intermediate goods, valued at RM56.82 billion or 45.3% of total imports, declined by 17.8%, due to lower imports of parts and accessories of non transport capital goods; Capital goods, valued at RM18.19 billion or 14.5% of total imports, increased by 20.6%, as a result of higher imports of non-transport capital goods; and Consumption goods, valued at RM10.43 billion or 8.3% of total imports, contracted by 5%, due to lower imports of non-durables. Compared to June 2025, total imports rose 10.9% with imports of capital goods and consumption goods increased by 26.2% and 10.9%, respectively while imports of intermediate goods slipped by 5.8%. During the period of January to July 2025, total imports grew by 5.1% to RM830.16 billion compared to the same period last year. Imports of intermediate goods shrank 2.9% to RM418.84 billion, capital goods surged by 36.4% to RM125.59 billion and consumption goods edged up by 0.3% to RM68.49 billion.
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