KUALA LUMPUR, 27 August 2014 – UEM Sunrise Berhad (“UEM Sunrise”) held a Community Engagement Programme at the Shelter Home for Children, Shelter Home 1, in Petaling Jaya today where 20 children, six girls and 14 boys aged between three and 13 years old, were given educational aid worth RM 32,000.00 for the purpose of defraying the cost of their tuition fees to further enhance their studies.
UEM Sunrise’s Head of Corporate Communication, Puan Nik Surina Suria presented the mock-cheque to the Shelter Home’s General Manager, Mr. Cheok Hoong Poh during a brief presentation held at the home.
Prior to the educational aid presentation, a story-telling session was held for the children by UEM Sunrise staff. The children were enthralled and overjoyed when the staff mingled and spent time with them. Later, the children tucked themselves into mouth-watering snacks sponsored by the Company.
This programme is one of the platforms for UEM Sunrise to engage with the local communities and at the same time expand on the Corporate Social Responsibilities (“CSR”) outreach in the Central Region.
In the Southern Region, UEM Sunrise has adopted 17 schools within Nusajaya in Iskandar Malaysia under the PINTAR programme, where various educational-related initiatives are implemented guided by four PINTAR Core Modules namely; Team Building, Educational Support, Capability & Capacity Building and Reducing Vulnerability and Social Issues. These programmes aim at enhancing better educational outcomes for underserved students in the area.
CSR at UEM Sunrise is categorised into two main pillars – Education Enhancement and Community Development that guides the community initiatives. The Education Enhancement approach was based on a firm belief that education is a fundamental human right and must be extended to every child regardless of sex, race, religion or economic status. UEM Sunrise brings educational benefits to ‘every citizen in every society’ with the objective to create a positive impact especially on the communities surrounding its operations.
PLUS TO IMPLEMENT 100 % ELECTRONIC TRANSACTIONS AT BATU TIGA AND SUNGAI RASAU TOLL PLAZAS FROM 1 SEPTEMBER
PETALING JAYA, 25 August - As part of an initiative to reduce traffic congestion due to cash paying users at the Batu Tiga and Sungai Rasau Toll Plazas on the Federal Highway Route 2, all toll transactions at both toll plazas will be conducted electronically via PLUSMiles cards, Touch ‘n Go cards or SmartTAGs starting from 1 September.
According to PLUS Managing Director, Dato’ Noorizah Hj Abd Hamid, “The move is also part of our efforts to promote electronic toll collection system which is easier, faster and more comfortable.”
“Generally, the Touch ‘n Go and SmartTAG lanes are able to accommodate 550 and 1,000 transactions respectively within one hour. Cash lanes, on the other hand, can only accommodate 400 transactions,” she added.
Highway users will also be able to purchase preloaded RM5 PLUSMiles Touch ‘n Go cards (card given free of charge) at a promotional rate of RM5 at the dedicated reload lanes and Customer Service Centres at both toll plazas until 30 November 2014.
As such, PLUS urges cash paying daily commuters passing through both toll plazas on Federal Highway Route 2 (Subang-Klang) to migrate to the electronic toll collection system as soon as possible.
Noorizah was quoted at a media briefing on the implementation of the 100 percent electronic toll transaction at Persada PLUS today. Also present were the Ministry of Works Deputy Secretary General (Policy and Development Sector), Datuk Zainuddin Zakaria and Malaysia Highway Authority Director General, Dato’ Ir Hj Ismail Md Salleh.
UEM SUNRISE REPORTS ITS FINANCIAL PERFORMANCE FOR THE 6 MONTHS ENDED 30 JUNE 2014
Company Focusing on Landed, Mid-Market Homes and Consolidation
KUALA LUMPUR, 25 August 2014 – UEM Sunrise Berhad (“UEM Sunrise”) today announced its financial results for the six months ended 30 June 2014 where total revenue recorded for the period stood at RM849.2 million as compared to RM1.17 billion reported for the corresponding period in 2013, the latter of which included the strategic sale of 43.6 acres of land in Puteri Harbour worth RM400.7 million.
Excluding the land sale, revenue from property development activities increased by 14% from RM689.2 million in 2013 to RM784.0 million for the period under review, largely contributed by progress billings from its projects in Nusajaya namely East Ledang, Imperia, Nusa Bayu and Nusa Idaman as well as those in the Klang Valley, specifically Summer Suites and Symphony Hills. A sizeable contribution was also generated from Quintet, UEM Sunrise’s mixed residential and commercial development located in Richmond, Vancouver, Canada.
In line with the lower revenue recorded, UEM Sunrise’s profit after tax and minority interest (“PATAMI”) for the six month period stood at RM136.0 million compared to RM318.4 million for the year before.
Total property sales for the six months up to 30 June 2014 stood at RM439.0 million while unrecognised revenue as at 30 June 2014 remains strong at RM3.0 billion.
Commenting on UEM Sunrise’s performance, its Executive Director, Dato’ Izzaddin Idris who acknowledges the challenging property market outlook said, “The impact of the cooling measures following the Budget 2014 announcement, concern on potential oversupply in Iskandar Malaysia particularly for high rise units as well as other factors have created uncertainty in the property market, resulting in a slowdown in buying momentum.”
“Sales recorded by UEM Sunrise in the first half of 2014 was significantly lower. We have thus reviewed several development plans to cater to the current market environment and revisited our planned launches and focusing our resources towards providing landed products and mid-market to affordable homes where the demand is still relatively strong.”
For the second half of 2014, UEM Sunrise plans to launch Phase 1 of its mid-market residential development, Serene Heights in Bangi as well as new mid-market offerings in Nusajaya namely Bayu Angkasa in Nusa Bayu and Nusa 18 in Nusa Idaman. Phase 1 of Estuari at Puteri Harbour which mainly consists of landed superlink homes is also targeted for launch by end 2014.
“We are confident that these landed and mid-market products will be well received by the marketplace. In addition, our Australian development in La Trobe Street, Melbourne is also at an advanced stage of approval process. Subject to timely approvals being secured, we intend to bring forward and launch the project this year to take advantage of the prevailing market conditions in Melbourne,” said Dato’ Izzaddin.
He went on to say that in view of the challenging market environment, UEM Sunrise has scaled down its 2014 sales target to RM2.0 billion from the original target of RM3.2 billion announced at the start of the year.
“2014 has proven to be a challenging year thus far for UEM Sunrise but it enables us to consolidate and seize the opportunity to strengthen our core competencies, and processes and to tighten the quality of our delivery so that we are well positioned for the next property upcycle.”
JALUR GEMILANG TAKES CENTER STAGE AT UEM GROUP
Run up to Merdeka, Jalur Gemilang and Malaysia’s State Flags Fly High at Mercu UEM
KUALA LUMPUR, 17 August – UEM Group Berhad (UEM Group), Malaysia’s engineering-based infrastructure and services group, is continuing with its annual tradition of proudly displaying Jalur Gemilang at its headquarters, Mercu UEM to commemorate Malaysia’s 57th National Day celebration and Malaysia Day 2014.
This year, the Jalur Gemilang, measuring a mammoth 44 feet (w) x 22 feet (h), is featured alongside 14 state flags of Malaysia. The dimension of each state flag is 30 feet (w) x 14 feet (h).
The colorful display of country and state flags at Mercu UEM symbolises UEM Group’s love for the nation, spirit of patriotism, pride and unity. The impressive sized flags covers six floors of Mercu UEM and will be displayed until 21 September 2014. It can be seen as far as Jalan Travers, Bangsar and Brickfields.