- September 11, 2025Business
Ready for low-carbon PET fibers: Indorama Ventures’ certified supply chain enables bio-based textiles at scale
Indorama Ventures Public Company Limited, a global sustainable chemical company, is accelerating the textile industry’s transition to lower-carbon materials with its scalable, high-performance bio-based PET fibers and yarns under the deja™ Bio portfolio. At the upcoming Dornbirn Global Fiber Congress on September 10-12, Claire Mattelet, Global Sustainability Program Head for Indorama Ventures’ Fibers Business, will share the company’s experience in developing a fully certified, low-carbon supply chain at scale. Her presentation will explore several challenges, such as securing reliable sources of renewable feedstocks to produce bio-based PTA and MEG inhouse or sourcing bio-based chemicals such as bio-based MEG from trusted partners converting feedstock into PET chips, yarns, and fibers and navigating complex certification requirements As a result, Indorama Ventures is now able to offer customers and brand owners an integrated, fully certified supply chain through mass balance at scale. Using a mass-balance approach means that renewable feedstocks, such as used cooking oil, are blended with fossil-based raw materials in existing production systems. The renewable content is then allocated to final products using certified methods like ISCC+, ensuring traceability throughout the value chain and compliance with chain-of-custody requirements. By leveraging existing infrastructure, coupled with R&D capabilities and proven technologies, Indorama Ventures enables rapid market deployment of bio-based PET fibers and yarns that are chemically identical to their fossil counterparts. This ensures customer processes remain the same, performance metrics such as durability, dyeability, and strength are equal to virgin solutions, and brand owners and converters can speed up qualification lead times and immediately reduce scope 3 emissions to seamlessly upgrade their existing product lines. Indorama Ventures invites brand owners, manufacturers, and industry partners to explore the deja™ Bio portfolio and join the movement toward a lower-carbon textile industry. The technology is proven, the supply chain is built. For more information on deja Bio product offerings, which not only include bio-PET but also PLA-based solutions, contact enquiry.fibers[at]indorama.net.
- September 10, 2025Business
Delta Electronics (Thailand) and MEA Collaborate on Energy Infrastructure to Support Expansion in Bangpoo
Delta Electronics (Thailand) PCL ., welcomed executives from the Metropolitan Electricity Authority (MEA) and representatives from Bangpoo Industrial Estate Authority of Thailand (IEAT) to Delta Bangpu Area 3 for strategic discussions on electricity supply planning and infrastructure development. The meeting focused on ensuring reliable power to support Delta’s major new expansion in Bangpoo, which will significantly increase the company’s electricity demand over the next few years. By engaging directly with MEA, Delta is reinforcing its commitment to secure energy resilience, operational excellence, and sustainable growth in Thailand’s industrial sector. The event was attended by seventeen representatives from MEA, two delegates from Bangpoo IEAT, and fifteen Delta staff members. Key executives included Mr. Victor Cheng, Chief Executive Officer of Delta Electronics (Thailand) PCL; Mr. Jackie Chang, Chief Operating Officer and President of Delta Electronics (Thailand) PCL and Mr. Rachain Unwet, Assistant to the Governor of MEA. Delta presented its forecast for power requirements at the new expansion site, which are projected to rise to 81.7 megawatts by 2027. This marks a significant increase compared with the original four megawatts required for Delta Bangpu Area 3 and Delta Research & development 1. The anticipated growth at the new expansion site in Bangpu, representing nearly twenty times higher demand within the next two to three years, emphasizes the need for secure and well-planned energy infrastructure. MEA outlined both immediate and long-term measures to address Delta’s requirements. In the short term, existing infrastructure and transmission lines will be optimized through load bypass solutions to support demand within this year. For the longer term, MEA will implement transmission system upgrades, including a dedicated line to Delta’s new site, within one to three years. These measures are designed to provide reliability and capacity for Delta’s operations as the company expands its production capabilities. The meeting also included an exchange of technical expertise. Delta introduced its energy storage and microgrid solutions, which are under consideration by MEA as part of ongoing studies into energy storage system integration for future infrastructure enhancements. This knowledge sharing reflects the alignment of both organizations in advancing sustainable and resilient energy systems. As a result of the discussions, MEA is planning to begin load switching to support Delta Bangpu Area 6 to Bangpu Area 7 operations by the third quarter of 2025. Delta’s Delta Bangpu Area 2 team will also continue working with MEA on preparations for high-power products that are scheduled to be transferred to the expanded site. This collaboration represents an important milestone in strengthening Delta’s energy resilience and ensuring that its expansion in Bangpoo is supported by a reliable, forward-looking power infrastructure. By working with MEA, Delta is reinforcing its operational excellence, securing business continuity, and advancing long-term sustainability goals.
- September 10, 2025Business
PCSI 2025: Shaping the Future of Coding, Benchmarking, and Data Quality
Every year, the PCSI Conference brings together leaders in healthcare data, case mix, and coding to share ideas and set the agenda for the future. This year in Québec, the spotlight is firmly on how health systems can use better data to deliver safer, more efficient, and more sustainable care. For Beamtree, PCSI 2025 is a chance to showcase the impact of international partnerships that are already transforming healthcare, and to open new conversations about what comes next. In Australia, the UK, and Canada, our autonomous coding pilots are showing how automation can be safely introduced to support coding teams. These projects are proving that accuracy, auditability, and local adaptability can coexist, enabling hospitals to reduce workload pressures without compromising quality. In New Zealand and Australia, our predictive forecasting is giving hospitals a new lens on benchmarking. By moving beyond retrospective performance analysis, health leaders can now anticipate risks, set proactive goals, and test new improvement strategies before they are rolled out. In Canada, a large-scale coding audit and data quality initiative led by PHSA and Interior Health, in partnership with Beamtree, reviewed over 1,400 hospital records. This work directly informed coder education and national data quality standards – and has directly shaped the development of PICQ Canada and indicators to align with local needs and priorities. In Saudi Arabia, Beamtree’s partnership with CNHI and Lean is demonstrating the value of scaling quality-assured coding data to the national level. By co-designing dashboards that leverage clinically coded data to report on quality, safety, and population health indicators, the initiative is helping to support data-driven decision-making across the country’s healthcare reform programme. These projects are united by a common principle: better data leads to better decisions, and better decisions lead to better care. At PCSI 2025, Beamtree will share lessons learned from these international initiatives and engage with colleagues from across the world to continue building momentum. 📍 If you’re attending PCSI 2025, join our sessions or connect with our team to learn how these innovations are shaping the future of healthcare data. Join us at the sessions below to continue the conversation: Wednesday 10 September 13:30 – 15:00 | Room 205AB Advancements in international benchmarking, predictive forecasts and data quality Speaking: Alison Allen Thursday 11 September 10:30 – 12:30 | Room 206B Advancements in coding, classification systems, and data quality in Canada Speaking: Alison Allen, Jodi McMullin, Edge Health (Partner – Jennifer) 10:30 – 12:30 | Room 205C Developing an autonomous coding solution: Canada, UK and Australia – results across three ICD versions Speaking: Cheryl McCullagh 16:00 – 17:30 | Room 205C A partnership approach for developing national safety, quality, and population health insights from coded data Speaking: Stephen Badham, Maimunah Aisuhaibany We welcome the chance to connect with colleagues from around the world in Québec. If you’d like to learn more about Beamtree’s work in coding, benchmarking, and data quality, our team will be available throughout the conference.
- September 9, 2025Business
Cobalt Blue advances Broken Hill Tech Centre
CEO Dr Andrew Tong spoke with Proactive about the ongoing progress at the Broken Hill Technology Centre (BHTC) and the milestones being achieved as we move toward a final investment decision on the Kwinana Cobalt Refinery by the end of 2025. Originally established to validate the full flowsheet of the Broken Hill Cobalt Project, the BHTC has, over the past two years, been instrumental in piloting technology programs for the Kwinana Refinery – details of which were outlined in our recent Market Update. BHTC has also given us the flexibility to explore new opportunities. Over the past several months, we have successfully trialled black mass from recycled batteries, producing high-purity cobalt sulphate and metal. Through our partnership with EcoBatt – one of the largest players in the battery recycling industry – as well as by testing material from other domestic and international sources, we are demonstrating the potential to diversify and expand our cobalt production pathways. Link to video here.
- September 9, 2025Business
Atturra Completes Acquisition of Blue Connections
On 1st September 2025, Atturra announced that its subsidiary, Cirrus Network Holdings Pty Ltd, had completed the acquisition of Blue Connections. Blue Connections has been providing IT solutions and managed services since 1997. Its impressive Melbourne facilities include an experience centre, training centre, configuration zone and warehouse. It has a highly skilled team specialising in services, delivering end-to-end solutions including traditional on premises infrastructure, virtualisation, consolidation, and disaster recovery and a full managed services offering. CEO of Atturra, Stephen Kowal, said: “The acquisition of Blue Connections will significantly enhance Atturra’s credentials as a leading provider in managed services. It will strengthen Atturra’s service capabilities, while expanding its client base and portfolio of offerings. Notably, Blue Connections’ client roster has minimal overlap with Atturra’s, providing an opportunity to broaden Atturra’s revenue streams and market reach. This acquisition aligns with Atturra’s strategic focus on its commitment to scaling its managed services capabilities. It will also establish a key operational hub for the business in Victoria, supporting continued national expansion. We welcome Gordon Brownell and the Blue Connections team to Atturra and look forward to working closely with them to integrate the business into Atturra” CEO of Blue Connections, Gordon Brownell said: “Leading Blue Connections has been the greatest privilege of my career, and I’m incredibly proud of our team and the partnerships we’ve built. Joining Atturra marks an exciting new chapter for the business, our customers and for me personally. Being part of a group with such depth of expertise, scale, and shared values means we can accelerate growth, create even greater value for our customers and partners, and open new opportunities for our people. Personally, I’m energised to continue this journey within the Atturra group and contribute to shaping the future together.”
- September 8, 2025Business
Circularity Is Not Someone Else’s Job
In today’s world, the importance of circularity in packaging cannot be overstated. Picture a future where every piece of packaging is designed to be reused, recycled, or repurposed, creating a system that reduces waste and makes the most of our resources. How can this become reality? Circularity is everyone’s responsibility, and the time to act is now. To play our part, at Pact Packaging NZ our goal is to reach 50% recycled content and 100% recyclable packaging across our portfolio by 2030. With 13 facilities and over 800 employees, we serve every major supermarket segment—from food and dairy to health, personal care, and industrial sectors. To put it simply – we produce packaging that you see every day in the supermarket and for brands that you know and love. Because of our reach and scale, we believe that it is our responsibility to increase the amount of recycled content that is being used in packaging here in Aotearoa, but, we can’t do this alone. What is needed create circular packaging in New Zealand? A cultural shift is necessary to integrate circularity and recycling as standard to our daily life, with all stakeholders having a role within the packaging ecosystem. Packaging manufacturers like us, brand owners, consumers, and regulators all play a role in increasing the use of recycled content in packaging and ensuring effective collection following consumption of products. Governments Must Lead the Way New Zealand has made great strides through voluntary product stewardship schemes like Agrecovery, Paintwise and Paint Take-Back, and the Caps and Lids Recycling Scheme. These programs have shown how industry-led initiatives can recover materials and close the loop. Voluntary efforts have filled a gap, but this is just one step in a viable circular economy. The Government’s early efforts to phase out hard-to-recycle products were impactful. The combination of the infrastructure improvements and these phase-outs allowed the volume and quality of recycled products to shift in the right direction. But it cannot stop there. We encourage the Government to continue on the path to regulation and mandates. A circular economy needs mandatory product stewardship that takes an all-of-packaging approach —not just priority products. We need recycled content mandates that drive demand and investment in local recycling infrastructure and fully utilise existing infrastructure. We need to continue the phased ban on hard-to-recycle plastics that continue to undermine progress and pollute our environment. The recent failure of the UN Plastics Treaty to deliver binding global commitments highlights it is not simple – but it is urgent. In the absence of international consensus, individual governments must act decisively. Governments do not need to wait for a global consensus to put into place clear, enforceable regulations which will contribute to an effective circular economy. There is a fear that without Government Intervention progress will remain fragmented and slow. We should not see regulation as a barrier—it is a catalyst for progress. It levels the playing field, eliminates free riders both domestically and overseas, and ensures that every stakeholder is accountable. Governments must lead with bold policy, strong enforcement, and a commitment to circularity that matches the scale of the challenge. Creating Consumer Behavior Change Even with strong regulation, success depends on public participation—and right now, New Zealand’s recycling system faces high levels of confusion and distrust which leads to a lack of concerted effort from every consumer to recycle. Our recycling systems must be simple and easy to understand to ensure that as consumers there is minimal amount of effort needed to decide to recycle. To address this issue, a government led, and industry supported targeted consumer education and system design that makes recycling simple and rewarding must hold hands with government regulation. This methodology has been successfully proven to deliver results in other countries – why would that not be impactful here? Clear labelling and point-of-sale messaging from brand owners help people understand what to recycle and how. Educating today’s buyers and all consumers about recycling systems helps them quickly identify what can be recycled. Unified kerbside recycling and accessible drop-off points reduce friction. These approaches not only boost collection rates and reduce litter but also build lasting habits that support a circular future. What You Can Do Today to Drive Change Manufacturers and brand owners have a critical role to play in accelerating the shift to a circular economy. Practical steps can be taken immediately to reduce packaging waste and increase the use of recycled materials: Choose Packaging Solutions with Locally Recycled Content Prioritizing packaging that includes locally sourced recycled materials not only reduces environmental impact but also strengthens domestic recycling markets. It takes a whole of life cycle approach. If you aren’t buying recycled – are you really committing to recycling? Educate Consumers Clear labelling and point-of-sale messaging help consumers make informed choices. Education is key to building trust and encouraging responsible disposal behavior – this education should consider the consumer lens – Consumers will take 2-3 seconds to decide what to do with your packaging – messaging needs to be straightforward. Participate in Voluntary Product Stewardship Schemes Programs like Plasback, Agrecovery, and the Caps and Lids Recycling Scheme demonstrate how manufacturers can close the loop by recovering used materials and turning them into new products. Advocate for Regulation Support for mandated Extended Producer Responsibility (EPR) schemes and local recycled content requirements help create a level playing field and ensure full industry participation. Regulation is essential to eliminate free riders and drive systemic change. Support Better Policing and Inclusivity Regulations must be enforced consistently, and stewardship schemes should cover all of packaging, not just priority products. Inclusivity and accountability are key to ecosystem-wide transformation. Circularity can’t wait…. Let’s work together as industry to move Aotearoa into more sustainable packaging, today. Hon. Penny Simmonds, Minister for the Environment, and Joe Osborne, Wash plant Manager, at Pact Packaging Wellington, New Zealand’s only food-grade recycling plant.
- September 8, 2025Sports
Magpies’ victory a ratings win for Seven
More than 2.74 million people tuned in to watch the Collingwood Magpies’ victory over the Adelaide Crows in the first Qualifying Final of the AFL season on Seven, 7mate and 7plus Sport last night. Last night’s game was the biggest AFL audience this season, with an average national total TV audience of 1.09 million, up 32% on the first Qualifying Final of 2024. On 7plus Sport, more than 128,000 tuned in, which was the biggest 7plus audience this season. Seven Network Director of Sport, Chris Jones, said: “The audience of more than 2.74 million Australians for last night’s Qualifying Final shows just how massive the appetite is for Finals footy on Seven and 7plus Sport. “We’re seeing more Australians than ever turning to 7plus, with streaming numbers hitting new heights. “As we get deeper into an incredible Finals Series and on the eve of what promises to be one of the greatest cricket summers in recent memory, we can’t wait to see those audiences grow even further. “Seven and 7plus continues to be the home of the nation’s biggest sporting moments, bringing fans closer to the action than ever before, live, free and accessible for all Australians,” he said. Seven’s Head of AFL and Sport Innovation, Gary O’Keeffe, said: “Last night’s contest lived up to every expectation – the Pies proved they deserve their spot in September against an in-form Adelaide outfit, while fans for both sides turned out in force and created an incredible atmosphere. “Darcy Moore led from the front with one of his standout performances of the year – it was the type of game that reminds us why AFL Finals are the most electrifying sporting theatre in the country and we can’t wait to see it all again tonight from the hallowed turf of the MCG when Geelong face the Brisbane Lions. “As we get closer to that final Saturday in September, you can catch every AFL Finals moment, live and free right here on Seven and 7plus Sport.” Seven’s coverage of the 2025 AFL Premiership Season has reached more than 15 million Australians on Seven and 7plus Sport so far this year, which is up on the same time last season. The AFL Qualifying Finals continue tonight, with the Geelong Cats taking on the Brisbane Lions, live and free from the MCG on Seven, 7mate and 7plus Sport from 7.00pm AEST. For more information, please contact: Emma Francis Head of Communications – Sport M: 0415 721 413 E: [email protected] Kaycie Bradford Communications Director, Corporate M: 0400 002 664 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. Seven West Media owns some of Australia’s most renowned media businesses and platforms, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; 7plus; 7NEWS.com.au; The West Australian; The Sunday Times; PerthNow; The Nightly; and Streamer. The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, Dancing With The Stars Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards. The Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars. Source: VOZ 5.0 National Total TV Average Audience, Total Reach, Overnight. Total People. 04/09/2025.
- September 8, 2025Business
OFFSHORE PATROL CUTTER OPTIONS VALUED AT US$314 MILLION EXERCISED BY UNITED STATES COAST GUARD
Austal Limited (ASX: ASB) is pleased to announce that the United States Coast Guard has exercised options worth US$314 million (A$480 million) with Austal USA for the Offshore Patrol Cutter (OPC) program. The contract options approve Austal to order long lead time materials (LLTM) for another three OPCs, Austal USA’s 4th, 5th, and 6th cutters. Funds have also been provided for logistic supply items for two OPCs. The original OPC contract was awarded to Austal USA in June 2022 for detail design and construction of up to 11 OPCs, with a potential value of US$3.3 billion. To date, two of 11 OPCs in the contract have been awarded to Austal USA, as well as LLTM for a third (see ASX announcement 6 August 2025). “These early awards reflect the strong partnership that has quickly developed between the Coast Guard and Austal USA teams, and provide an important sign of intent for OPCs 3-6,” said Austal CEO Paddy Gregg. Work on Austal USA’s first OPC, Pickering (WMSMS 919), is well underway with the keel laying planned for December. Construction began on Icarus (WMSMS 920) in early August. The 110 metre OPCs will support US national security strategy by maintaining the nation’s economic, social, environmental and military security mission areas. The OPC will typically conduct its primary missions beyond 12 nautical miles from shore and will be employed anywhere US national interests require the Coast Guard’s unique blend of authorities and capabilities. OPC will provide the majority of the Coast Guard’s offshore presence conducting a variety of missions including law enforcement, drug and migrant interdiction, and search and rescue. With a range of 10,200 nautical miles at 14 knots and a 60-day endurance period, each OPC will be capable of deploying independently or as part of task groups, serving as a mobile command and control platform for surge operations such as hurricane response, mass migration incidents and other events. The cutters will also support Arctic objectives by helping regulate and protect emerging commerce and energy exploration in Alaska. This ASX announcement has been approved and authorised for release by Paddy Gregg, Austal Limited’s Chief Executive Officer. - ENDS - Media Contact: Cameron Morse, FTI Consulting +61 433 886 871 [email protected] Further Information Contact:Austal Phone:61 8 9410 1111 Fax:61 8 9410 2564 Email: [email protected]
- September 3, 2025Apps & Software
Grid My Business Launches Major Upgrade with Enhanced Accuracy, AI Automation, and Full GBP Integration
Grid My Business, a local rank tracker tool , releases its most extensive upgrade yet, introducing more than 15 new features designed to make local SEO easier, faster, and smarter. The release highlights a fully reimagined interface, AI-powered automation, and new Google Business Profile tools, with additional upgrades spanning rankings, reviews, citations, and team workflows. The updated Grid My Business platform represents a ground-up rebuild focused on speed, accuracy, and automation. The new system addresses common pain points in local SEO management while introducing capabilities that weren't available in the previous version. Key upgrades include: Faster and more accurate rankings that go beyond basic position tracking Flexible location pins with full control to delete, move, and add pins anywhere Streamlined Google Business Profile management for complete GBP control within the platform Time-saving AI agents that automate tedious tasks, including advanced review management capabilities Citation Manager with NAP distribution ensuring consistent business information across all directories Lightning-fast interface that completes tasks in seconds rather than minutes Seamless collaboration tools for agencies managing multiple client accounts And more. "Local search is becoming more competitive every day, and businesses need tools that can keep pace,” said Mark Gan, Community Manager at Grid My Business. “This upgrade puts the most advanced local SEO capabilities directly in the hands of every user." The team has already planned a detailed roadmap for upcoming updates, including further improvements to agency workflows, enhanced collaboration features, and expanded automation capabilities. As local search continues to grow in importance, Grid My Business aspires to become the leading solution for local SEO professionals and agencies worldwide. To learn more about the new features and experience the upgraded platform, visit https://gridmybusiness.com .
- August 31, 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 31, 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]
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