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TMR

Bintulu Port Holdings gets in-principle approval for subsidiary to operate Bintulu Port

2 months ago

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BINTULU Port Holdings Bhd said that the Sarawak state government has today granted in-principle approval for its wholly-owned subsidiary, Bintulu Port Sdn Bhd (BPSB), to be appointed as the operator of Bintulu Port under Section 12(2) of the Port Authorities Ordinance 1961.

The approval marks a key step following the earlier transition of Bintulu Port from a federal to a state port.

The group had previously referenced a cheque handover ceremony held on June 21, 2026, as part of the status change process.

Following the latest approval, the Ministry of Infrastructure and Port Development Sarawak (MIPD), the Bintulu Port Authority (Sarawak) (BPA(S)), and BPSB will proceed to execute an agreement in principle in the form of a heads of Agreement.

This will pave the way for the finalisation of a Port Operation Concession Agreement (POCA).

Pending the execution of the POCA, BPSB will continue to “control, manage, operate and carry on the business of port undertakings at Bintulu Port” in accordance with applicable laws and terms to be agreed among the parties, the company said.

The development effectively formalises the operating framework for BPSB as the designated port operator, subject to the final concession agreement. — TMR

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2 months ago 0 comments

Favelle Favco expects no material impact from US$25m US crane lawsuit

2 months ago

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FAVELLE Favco Bhd said it does not expect any material financial or operational impact from a US$25 million (RM101.78 million) lawsuit filed in New York over a crane incident involving its US subsidiary.

The group was responding to a notification from Bursa Malaysia Securities Bhd today, which requested additional information following its earlier announcement on the matter.

Favelle Favco said the summons seeks damages of USD25,000,000, together with statutory interest, costs and disbursements.

The lawsuit, first announced on June 29, involves Favelle Favco Cranes Inc (FFC USA), which was named in proceedings filed on June 24 in the Supreme Court of the State of New York by Justin Santiago over a July 2023 crane incident in Manhattan.

The incident involved an FFC USA-manufactured diesel-powered crane that reportedly caught fire and partially collapsed during construction operations.

News reports said nearby buildings were damaged, though there were no life-threatening injuries.

Favelle Favco clarified that FFC USA’s role was limited to the supply of the crane, and that neither the group nor its subsidiary owned, operated or maintained the equipment at the time.

It also noted that an independent investigation did not attribute the incident to the manufacturer.

On potential exposure, the company said: “At this very preliminary stage, the company is unable to reliably estimate the potential liability, if any, arising from the Summons.”

It added that it has notified its insurer, which is appointing legal counsel in the United States to defend the proceedings.

Despite the claim, the group reiterated: “The company does not expect the summons to have any material financial or operational impact on the group, as the company believes that it has strong grounds to defend the claims.” — TMR

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2 months ago 0 comments

Economy News

RM64m disbursed, 4,025 private employers join progressive wage policy

2 months ago

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KUALA LUMPUR — The government has disbursed RM64,076,884.75 in cash incentives to 4,025 private sector employers participating in the Progressive Wage Policy (PWP) as of June 5.

The Ministry of Human Resources (KESUMA) said the empowerment initiative under the MADANI Economy framework has benefited 51,363 local workers as part of efforts to strengthen and progressively raise the wage scale of skilled employees.

The wholesale and retail trade sector, including the repair of motor vehicles and motorcycles, recorded the highest participation at 26.7 per cent, followed by manufacturing (15.7 per cent), professional, scientific and technical activities (11.1 per cent), education (7.4 per cent), and accommodation and food service activities (6.9 per cent).

“In terms of employer size, small companies accounted for 50.2 per cent of employers making claims. Large and medium-sized companies each recorded 18.4 per cent, followed by micro enterprises at 13.1 per cent,” the ministry said in a written reply to Manndzri Nasib (BN-Tenggara) in the Dewan Rakyat.

He had asked for the latest status of private sector compliance with the implementation of the PWP and the extent to which the cash incentives have been effective in encouraging wage progression for skilled local workers.

According to KESUMA, the incentive scheme has had a positive impact on raising the incomes of skilled workers, particularly professionals as well as technicians and associate professionals, who account for 45.9 per cent of the total workers involved.

Among professionals, the median basic salary increased by RM350, from RM2,900 to RM3,250, representing a 12.1 per cent increase, while the average basic salary rose by RM364.36, from RM2,930.74 to RM3,295.10.

For technicians and associate professionals, the median basic salary increased by RM250, from RM2,350 to RM2,600, or 10.6 per cent, while the average basic salary rose by RM294.38, from RM2,557.35 to RM2,851.72. — BERNAMA

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2 months ago 0 comments

Markets News

Bursa Malaysia reverses earlier gains to end lower

2 months ago

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KUALA LUMPUR — Bursa Malaysia’s benchmark index fell 0.43 per cent to close at its intraday low, reversing earlier gains as a wave of late-session selling erased the day’s advances.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the index traded in positive territory for much of the day before profit-taking intensified in the final minutes, reflecting investors’ cautious stance amid a lack of fresh market catalysts.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.23 points to 1,656.83 from Tuesday’s close of 1,664.06.

The benchmark index opened 1.29 points higher at 1,665.35 and climbed to an intraday high of 1,670.99 in the mid-morning session, before losing momentum in the final 10 minutes, dragging the index to its session low at the close.

Market breadth was positive, with gainers outnumbering decliners 526 to 448, while 559 counters were unchanged, 1,088 untraded, and 14 suspended.

Turnover decreased to 2.51 billion units valued at RM2.26 billion from 2.91 billion units valued at RM2.77 billion yesterday.

Mohd Sedek said that despite the weaker close, yesterday’s RM199 million net buying by local institutional investors is expected to continue providing an important buffer against persistent foreign selling pressure.

However, he told Bernama that near-term market sentiment is likely to remain fragile until stronger domestic catalysts emerge or there is greater clarity on the global interest rate outlook.

Among the heavyweights, Maybank was 12 sen lower at RM10.66, Public Bank dropped five sen to RM4.75, Tenaga Nasional lost eight sen to RM14.20, and IHH fell 10 sen to RM8.30, while CIMB increased one sen to RM7.42.

Of the active counters, Tanco and VS Industry were flat at 17.5 sen and 20 sen, respectively, while Dagang NeXchange improved 3.5 sen to 45 sen, Silver Ridge and GIIB bagged 4.5 sen each to 17.5 sen and 51 sen, respectively.

On the gainers’ list, Critical Holdings soared 32 sen to RM1.41, YTL Power jumped 29 sen to RM4.47, Pentamaster rose 16 sen to RM4.94, Ayer Holdings climbed 20 sen to RM7.20, and UMS Integration surged 28 sen to RM8.49.

Among the top losers, Nestle slipped RM1.70 to RM91.76, Malaysian Pacific Industries sank 66 sen to RM49.00, Kuala Lumpur Kepong fell by 18 sen to RM20.98, Gas Malaysia slid 10 sen to RM5.20, and PPB erased 13 sen to RM9.16.

On the broader market, the FBM Emas Index was 35.99 points lower at 12,349.12, the FBM Top 100 Index lost 39.62 points to 12,175.42, and the FBM Emas Shariah Index shrank 43.13 points to 12,240.72.

The FBM Mid 70 Index eased 1.09 points to 17,916.37 while the FBM ACE Index garnered 45.31 points to 4,868.74.

Sector-wise, the Financial Services Index tumbled 124.89 points to 19,485.77, the Energy Index increased 4.91 points to 756.55, the Plantation Index shed 11.72 points to 8,843.04, while the Industrial Products and Services Index edged down 0.24 of a point to 180.39.

The Main Market volume trimmed to 1.37 billion units valued at RM2.00 billion compared with 1.52 billion units valued at RM2.48 billion on Tuesday.

Warrants turnover dwindled to 643.76 million units worth RM70.74 million versus 883.88 million units worth RM111.20 million yesterday.

The ACE Market volume declined to 496.33 million units valued at RM185.67 million from 502.82 million units valued at RM176.25 million previously.

Consumer products and services counters accounted for 151.37 million shares traded on the Main Market, industrial products and services (331.21 million), construction (67.01 million), technology (274.67 million), financial services (48.29 million), property (218.33 million), plantation (16.07 million), real estate investment trusts (12.16 million), closed-end fund (5,000), energy (64.04 million), healthcare (52.38 million), telecommunications and media (30.38 million), transportation and logistics (27.60 million), utilities (80.47 million), and business trusts (80,500). — BERNAMA

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2 months ago 0 comments

News

JKDM dismantles int’l drug syndicate, netting contraband worth RM300.7m

2 months ago

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(pic credit: Royal Malaysian Customs Department )

NILAI — The Royal Malaysian Customs Department (JKDM) dismantled an international drug distribution syndicate through five separate cases involving the seizure of various types of drugs weighing 4.83 tonnes, estimated to be worth RM300.7 million, from April to June this year.

Its director-general, Datuk Amran Ahmad, said that this largest seizure involved 3,396.6 kilogrammes (kg) of heroin worth RM169.83 million, which was found in a container at West Port, Port Klang on June 15.

The investigation found that the drugs were hidden in 18,870 boxes of beverages containing a liquid suspected to be heroin. The cargo is believed to have been brought in from a West Asian country in transit before being sent to Australia as the final destination.

“This syndicate uses a modus operandi by making false declarations as food, soap, detergent, hair gel, and sponges to deceive the authorities,” he said at a press conference at the JKDM headquarters here today.

Amran said that the JKDM also seized 161.39 kg of cannabis buds worth RM12.91 million, from 11 cargo cabins containing 269 transparent plastic packages filled with the drugs, during an inspection at a logistics company in the cargo area of Kuala Lumpur International Airport (KLIA), Sepang on May 18.

Amran said that following that, two locals in their 20s and 30s, who are shipping agents, were detained to assist in the investigation.

He said three more seizure cases involved various types of drugs and psychotropic substances totalling 6.11 kg, worth RM978,778, methylenedioxy methamphetamine or MDMA (220.3 kg) amounting to RM33.05 million, and cannabis buds (1,049.5 kg), worth RM83.96 million at various locations including KLIA and Port Klang.

All cases are being investigated under Section 39B of the Dangerous Drugs Act 1952.

Amran added that the biggest success so far proves JKDM’s continuous commitment to combating drug smuggling activities that make Malaysia a transit route. — BERNAMA

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2 months ago 0 comments

PR Newswire

Compact Wheel Loaders Market to Reach USD 7.47 Billion by 2036 as Urban Construction, Agricultural Mechanization, and Smart Fleet Technologies Drive Global Demand

2 months ago

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NEWARK, Del., July 1, 2026 /PRNewswire/ — The global compact wheel loaders market is witnessing steady expansion as contractors, agricultural operators, municipalities, and rental companies increasingly invest in versatile compact equipment capable of performing multiple material-handling tasks. According to the latest market analysis by Future Market Insights, the market is projected to grow from USD 4.52 billion in 2026 to USD 7.47 billion by 2036, registering a CAGR of 5.2% during the forecast period.

The market is being driven by rising urban infrastructure development, growing agricultural mechanization, increasing demand for multi-purpose compact machinery, and continuous advancements in telematics, electrification, and operator-assistance technologies. Compact wheel loaders have become indispensable across construction sites, farms, municipal maintenance operations, and industrial facilities where maneuverability, productivity, and attachment flexibility are essential.

As fleet operators increasingly seek equipment capable of performing multiple tasks with lower operating costs, compact wheel loaders continue to emerge as a preferred solution for improving equipment utilization and operational efficiency.

Market Overview and Strategic Growth Outlook

Rapid urbanization, expanding infrastructure investments, and increasing demand for versatile compact construction equipment continue to strengthen global market growth. Contractors are increasingly deploying compact wheel loaders for material transport, site preparation, pallet handling, road maintenance, snow removal, and landscaping applications.

Manufacturers are focusing on advanced machine platforms featuring telematics integration, predictive maintenance, battery-electric propulsion, enhanced operator comfort, and broader attachment compatibility. These innovations improve machine uptime, reduce operating costs, and support sustainable fleet management across various industries.

Get detailed market forecasts, competitive benchmarking, and pricing trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6058

Key Market Projections and Strategic Insights

Global Market Value (2026): USD 4.52 Billion
Forecast Market Value (2036): USD 7.47 Billion
Forecast CAGR (2026–2036): 5.2%
Leading Product Segment: Skid Steer Loaders
Product Segment Share: Over 40%
Leading Application Segment: Construction
Application Share: 50.0%
Fastest Growing Market: India
India CAGR: 5.5%
China CAGR: 5.4%
United States CAGR: 5.3%
Key Growth Regions: Asia Pacific, North America, Europe

Analyst Perspective

“Compact wheel loaders are moving into a more strategic equipment role. Buyers no longer evaluate them only as small loaders. They are being purchased as multi-application fleet assets that support construction, agriculture, utility work, and rental operations through a single machine platform,” says Nikhil Kaitwade, Principal Consultant at Future Market Insights.

He further adds that manufacturers capable of balancing operator simplicity, attachment versatility, electrification, uptime support, and productivity enhancements will remain best positioned to capitalize on long-term market opportunities.

Competitive Landscape and Market Share Analysis

The competitive landscape remains highly competitive, with leading manufacturers investing in product innovation, electrification, smart fleet technologies, and expanded dealer support networks.

Key companies operating in the market include:

Caterpillar Inc.
Deere & Company
CNH Industrial N.V.
Kubota Corporation
Wacker Neuson SE
Bobcat Company
JCB
Volvo Construction Equipment
Komatsu Ltd.
Liebherr Group
Takeuchi Manufacturing
ASV Holdings Inc.

Manufacturers are actively investing in:

Battery-electric compact loader technologies
Advanced telematics and predictive maintenance systems
Multi-attachment compatibility
Operator-assistance and safety technologies
Rental fleet optimization
Improved hydraulic performance and machine efficiency

Manufacturers capable of combining machine versatility, strong dealer networks, advanced technology integration, and application-specific solutions are expected to strengthen their competitive positions throughout the forecast period.

Production Analysis and Manufacturing Landscape

Production remains concentrated across regions with established construction equipment manufacturing capabilities and strong industrial infrastructure.

Asia Pacific continues to strengthen its manufacturing leadership due to:

Expanding construction equipment production
Growing infrastructure investments
Cost-efficient manufacturing capabilities
Rising agricultural mechanization
Increasing domestic equipment demand

North American manufacturers continue emphasizing technology-enabled premium equipment designed for rental fleets and infrastructure projects, while European producers focus on electrification, emission compliance, operator safety, and sustainable equipment innovation.

Unlock 360° insights for strategic decision making and investment planning-
https://www.futuremarketinsights.com/customization-available/rep-gb-6058

Consumption Economy Analysis

Market demand remains closely linked to infrastructure development, construction activity, agricultural modernization, and equipment rental expansion.

Major end-use sectors include:

Residential construction
Commercial construction
Road and infrastructure projects
Agriculture and forestry
Municipal maintenance
Landscaping and groundcare
Utilities
Industrial material handling

Construction remains the largest application segment, accounting for approximately 50.0% of total market demand due to increasing investments in urban infrastructure and space-constrained construction projects.

Country Opportunity Assessment

India

India is projected to emerge as the fastest-growing market with a 5.5% CAGR, supported by government-led infrastructure development, Smart City initiatives, expanding construction activities, and increasing mechanization across agriculture.

China

China is expected to register a 5.4% CAGR, driven by continuous urbanization, infrastructure expansion, strong domestic equipment manufacturing, and growing demand for compact machinery.

United States

The U.S. market continues benefiting from mature rental fleets, large-scale infrastructure modernization programs, and growing adoption of telematics-enabled compact equipment.

Germany

Germany remains an important market due to increasing demand for emission-compliant compact machinery, electric equipment adoption, and advanced operator-focused technologies.

Japan

Japan maintains steady market growth through demand for compact, reliable, and highly maneuverable equipment suited for dense urban environments and infrastructure maintenance.

Technology and Innovation Outlook

Technological innovation continues reshaping the market through:

Battery-electric compact wheel loaders
Intelligent telematics platforms
Predictive maintenance systems
Operator-assistance technologies
Advanced hydraulic control systems
Enhanced attachment ecosystems
Remote fleet monitoring solutions

Future product development will increasingly focus on electrification, connected equipment, automation, improved energy efficiency, and lower lifecycle operating costs.

Market Drivers Accelerating Industry Expansion

Primary growth drivers include:

Rising urban construction activities
Expanding agricultural mechanization
Growing rental equipment industry
Increasing demand for multi-purpose compact machinery
Adoption of telematics and smart fleet management
Electrification of construction equipment
Increasing municipal infrastructure investments
Greater attachment versatility improving fleet utilization

Challenges Impacting Market Adoption

Despite favorable growth prospects, the market continues to face several challenges:

High initial equipment investment
Skilled operator shortages
Sensitivity to construction industry cycles
Pricing pressures in emerging markets
Battery cost considerations for electric models

Nevertheless, continuous innovation, expanding infrastructure investments, and increasing demand for versatile compact equipment are expected to sustain long-term market growth through 2036.

Explore the Latest Automotive Industry Analysis Now:
https://www.futuremarketinsights.com/industry-analysis/automotive

FMI Custom Research: Strategic Intelligence for Confident Decision-Making

In today’s rapidly evolving business environment, leadership teams need more than market data—they need clear, actionable intelligence tailored to their strategic objectives. FMI’s Custom Research solutions are designed around the specific business questions organizations need answered, enabling executives to evaluate growth opportunities, validate investments, assess competitive dynamics, and reduce uncertainty before making critical decisions. By combining deep industry expertise, primary research, and proprietary market intelligence, FMI delivers insights that help organizations move from assumptions to evidence-based strategies with greater speed and confidence.

Key Executive Benefits

Decision-Ready Insights: Research tailored to your specific business challenges, growth plans, and investment priorities.
Reduced Strategic Risk: Validate market opportunities, customer demand, and competitive positioning before committing resources.
Market Entry Confidence: Assess opportunity size, regulatory barriers, channel dynamics, and competitive landscapes with precision.
Competitive Advantage: Gain proprietary intelligence unavailable through syndicated reports or internal datasets.
Faster Growth Decisions: Accelerate expansion, product development, portfolio optimization, and investment planning.
Primary Market Validation: Access real-world customer, buyer, and stakeholder insights that support high-confidence decision-making.
Global Industry Expertise: Powered by 100+ analysts, 20,000+ published reports, and 1.6 million+ hours of research experience.
Proven Track Record: Over 7,000 market-entry engagements completed across six regions and 14 industry sectors with strong client retention.

Business Impact

FMI helps organizations transform market complexity into strategic clarity, enabling leadership teams to identify growth opportunities faster, optimize resource allocation, strengthen competitive positioning, and make high-stakes business decisions with confidence.

To explore how FMI Custom Research can support your strategic priorities, please connect with our team at – [email protected]

Conclusion

The global folding boxboard market is undergoing a structural transformation driven by sustainability regulations, premium branding requirements, and rapid advances in material science. With revenues projected to rise from USD 74.90 billion in 2026 to USD 140.40 billion by 2036, the sector is benefiting from the replacement of plastics with recyclable, high-performance fiber solutions.

As barrier technologies, bio-based coatings, and integrated supply chains become increasingly important, the industry is moving toward a higher-value future where packaging materials must deliver functionality, aesthetics, and circularity simultaneously. Companies capable of balancing these requirements are expected to define the next generation of growth in the global folding boxboard market.

Related Reports:

Lightweight Compact Wheel Loader Market: https://www.futuremarketinsights.com/reports/lightweight-compact-wheel-loader-market
Compact Loader Market: https://www.futuremarketinsights.com/reports/compact-loaders-market
Compact Pick-up Trucks Market: https://www.futuremarketinsights.com/reports/compact-pick-up-trucks-market
Compact Utility Vehicles Market: https://www.futuremarketinsights.com/reports/compact-utility-vehicles-market
Canada Compact Wheel Loader Industry Analysis: https://www.futuremarketinsights.com/reports/compact-wheel-loader-industry-analysis-in-canada

About Future Market Insights (FMI) 

Future Market Insights (FMI) delivers actionable, decision-focused market intelligence that goes beyond traditional research reports. The company provides: 

In-depth pricing and cost benchmarking analysis 
Demand forecasting based on real industry inputs 
Procurement and buyer behavior insights 
Supply chain and trade flow intelligence 
Technology adoption trends across industries

FMI follows a robust bottom-up research methodology, combining insights from industry experts, procurement leaders, and technical professionals to ensure accurate and practical market intelligence. 

For Press & Corporate Inquiries
Rahul Singh
AVP – Marketing and Growth Strategy
Future Market Insights, Inc.
+91 8600020075
For Sales - [email protected]
For Media - [email protected]
For web - https://www.futuremarketinsights.com/ 
For Web - https://www.factmr.com/

Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg

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2 months ago 0 comments

News

Rosmah’s RM1.25b graft appeal adjourned to Sept 1

2 months ago

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PUTRAJAYA — Datin Seri Rosmah Mansor’s appeal to set aside her conviction and sentence in the RM1.25 billion Sarawak solar hybrid project corruption case, which was scheduled to be heard today at the Court of Appeal, has been postponed to Sept 1.

A three-judge panel led by Datuk Azhahari Kamal Ramli fixed 16 days in September to hear the appeal.

Earlier, the panel granted Rosmah’s counsel, Datuk Jagjit Singh, an adjournment of today’s hearing while awaiting the outcome of her July 29 review bid to recuse the judge in the solar case.

However, Justice Azhahari, who sat on the bench with Justices Datuk Dr Choo Kah Sing and K. Muniandy, described the matter as an ageing case dating back to 2022, and stressed that the court would not entertain any further compromises to the newly scheduled hearing dates.

“We are not compromising on these dates. The hearing has been fixed for Sept 1 to 4, Sept 8 to 11 and Sept 21 to 30, 2026. The appeal must commence on Sept 1, and we will not allow any adjournment during the scheduled hearing dates.

“Coupled with the fact that co-counsel Datuk Akberdin Abdul Kader is currently facing some trying moments in his life, we allow the application for an adjournment,” he said.

The court also noted that the President of the Court of Appeal had, in a letter dated Oct 10, 2024, allowed Rosmah’s application to adjourn the main appeal.

“We take the view that the letter should be interpreted to include that the main appeal should be allowed to be adjourned after the applicant has exhausted all avenues available to her, including the application for review, pending the hearing and disposal of the application for review,” he said.

Earlier, Jagjit moved for an adjournment on the basis that the defence had filed a review application against the Federal Court’s refusal to recuse Justice Datuk Mohamed Zaini Mazlan (now a Court of Appeal judge) from presiding over Rosmah’s trial, which resulted in her conviction in the solar hybrid project corruption case.

He further informed the court that on Oct 9, 2024, the defence had submitted a letter to the President of the Court of Appeal, seeking to postpone the corruption appeal hearing until the recusal application is finally determined.

“On Oct 10, 2024, the President of the Court of Appeal replied to our letter and allowed the corruption appeal to be adjourned until the appeal relating to the recusal application had been fully concluded. At present, the review of the recusal application is scheduled to be heard on July 29,” he said.

The lawyer also informed the panel that Akberdin’s son, Adli Hakim, had been killed in a road accident two months ago.

“Akberdin is like a younger brother to me. He is still deeply grieved and mourning the loss of his son. He prepared all the documents for this appeal, but is unable to be here because of the tragedy. I need him (Akberdin). We hope the prosecution can understand,” he said, his voice breaking with emotion.

Deputy public prosecutor K. Mangai informed the court that the prosecution had been directed to oppose the adjournment, as the appeal had been languishing before the court since 2023.

However, she added that the prosecution would leave it to the court’s discretion, given Akberdin’s personal circumstances.

On Sept 1, 2022, Justice Mohamed Zaini found Rosmah guilty of corruption in connection with the RM1.25 billion solar hybrid project, sentencing her to 10 years’ imprisonment and imposing a fine of RM970 million.

The court further ordered an additional 10 years’ imprisonment if the fine remained unpaid, but allowed a stay of both the sentence and fine pending her appeal to the Court of Appeal.

Rosmah, the wife of former prime minister Datuk Seri Najib Razak, was charged with one count of soliciting RM187.5 million and two counts of accepting RM6.5 million in bribes from Saidi Abang Samsudin, the former managing director of Jepak Holdings Sdn Bhd.

The bribes were allegedly delivered through her former aide, Rizal Mansor, as an inducement for Rosmah to use her influence to secure the solar hybrid project for the company. — BERNAMA

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2 months ago 0 comments

PR Newswire

Yunshan CorePark: From “Lingnan Everyday Life” to “International Daily”

2 months ago

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KINGBUY Commercial Builds a 465,000 sq m Headquarters Project to Create “the Lingnan Living Room Closest to the World”

GUANGZHOU, China, July 1, 2026 /PRNewswire/ — KINGBUY Commercial announced that its Guangzhou’s Baiyun New Town headquarters project has been officially named Yunshan CorePark. Positioned as “the Lingnan living room closest to the world,” the project represents a total investment of over RMB 3 billion, with a gross floor area of 465,000 sq m and plans to host more than 600 brands. It is Guangzhou’s largest “LIFE MALL” to date. Leveraging key transportation hubs including Guangzhou Baiyun International Airport and Guangzhou Baiyun Railway Station, the project is designed to serve international exchanges and high-end business consumption, filling the gap for premium commercial facilities in Baiyun New Town and supporting Guangzhou’s goal of becoming an international consumption center city.

"Aerial

The project integrates diverse functions to create a one-stop international living destination. With culture, relaxation, human touch, and community at its core, it embeds a global lifestyle into the Lingnan.

Design-wise, under the concept of “Yunshan Green Scenery,” it draws on Lingnan garden techniques and adopts a hybrid “block + mall” model with multi-level entrances, an open-plan layout, and interconnected rooftops, gardens, and ecological courtyards, enabling seamless transitions between shopping, sports, socializing, and nature. Ecologically, a green axis links a jogging park, a light outdoor base (rock climbing, camping, cycling), and a pet park, with regular events such as pet festivals. Culturally, the project collaborates with intangible cultural heritage inheritors and local artists to host the “Lingnan Culture Festival” and “Lingnan Cultural Heritage Bazaar,” while also introducing international art festivals and youth gatherings to build a platform for cross-cultural exchange. In terms of business, it features an international membership supermarket, a five-star hotel, Grade-A office towers, and street-level retail, operating 24 hours a day. For consumption, over 600 brands offer dining options ranging from global cuisines to local specialties.

The project champions “community co-creation,” recruiting curator-style retail and community-focused brands, encouraging store managers to deeply operate their outlets, and regularly hosting brand crossover events, sustainable living discussions, as well as promoting eco-friendly materials, low-carbon operations, and organizing swap meets and environmental workshops.

Baiyun District’s “14th Five-Year Plan” includes Baiyun New Town in the “One Park, Two Cities, Three Hubs, Four Zones” major platform framework, aiming to build “a new highland of industry-city integration and a city living room.” In this area, Baiyun Airport ranks among the nation’s busiest in annual passenger throughput, Guangzhou Baiyun Railway Station is already operational, and the vicinity is home to consulates, international schools, and high-end residential communities, yet a lifestyle destination matching international traffic volume has been lacking. Yunshan CorePark answers this gap, blending Cantonese cultural heritage with a global perspective, and upon completion will elevate the region’s commercial standing.

About KINGBUY Commercial

Headquartered in Guangzhou’s Baiyun District and founded in 2004, KINGBUY Commercial specializes in the development and operation of mixed-use commercial complexes in urban cores. It has successfully operated 9 projects in Guangzhou and Foshan. Yunshan CorePark represents its highest-tier product line, aiming to redefine the regional lifestyle.

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SOURCE KINGBUY Commercial Company

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2 months ago 0 comments

PR Newswire

Keith “Temple” Trotter Releases “The Next 100 Pounds” With Morgan James Publishing This August

2 months ago

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The Next 100 Pounds: Eat Right, and Why It’s Not Your Fault That You Don’t Challenges Today’s Existing Food Myths – Available August 4, 2026

Pre-Order Today

"Book

MINNEAPOLIS, July 1, 2026 /PRNewswire/ — Morgan James Publishing releases The Next 100 Pounds: Eat Right, and Why It’s Not Your Fault That You Don’t by Keith “Temple” Trotter on August 4, 2026. The follow-up to his multiple-time Amazon bestseller 100 Small Steps: The First 100 Pounds — Think Right, the new book moves into deeper territory: the science of food psychology, the systemic forces that make healthy eating feel impossible, and the practical framework Trotter used to change his relationship with food permanently.

195 Pounds lost. 2 Books, One a Best-Seller, and all After the Age of 40!

The Next 100 Pounds is available for pre-order now at Amazon, Barnes & Noble, and Books-A-Million.

“Most people don’t fail at eating right because they lack willpower. They fail because the system they were born into was designed long before their first meal at the table.” — Keith “Temple” Trotter

Research confirms the cycle is real: according to a landmark meta-analysis published in JAMA Psychiatry, obese people have a 55% increased risk of developing depression over time — and depressed people have a 58% increased risk of developing obesity. The CDC puts it plainly: 43% of adults with depression are already obese. Trotter draws on peer-reviewed research, his own transformation, and a decade of coaching clients to deliver a framework that is actionable, sustainable, and built for real people with real lives. The book arrives during National Wellness Month, a national awareness campaign dedicated to prioritizing self-care, managing stress, and establishing healthy daily routines to improve physical, mental, and emotional health.

Trotter’s work has been featured on:

CNN
HuffPost
KVLY NBC
The Doug Wagner Show
FOX 4 Dallas

Temple is available for in-studio or remote appearances and is experienced on live television.

“Keith Trotter is exactly the kind of author Morgan James was built to publish. He has lived the message and earned the platform. The Next 100 Pounds educates, encourages, and inspires – precisely the kind of transformational message we look for in every title we bring to market.” – David L. Hancock, Founder, Morgan James Publishing

In keeping with Morgan James Publishing’s ‘Builds’ initiative, a portion of the proceeds from every copy of The Next 100 Pounds supports Habitat for Humanity initiatives.

The Next 100 Pounds is available for pre-order now at Amazon, Barnes & Noble, and Books-A-Million.

About Keith “Temple” Trotter

Keith “Temple” Trotter is a multiple-time Amazon best-selling author, wellness advocate, and speaker based in Minnesota. Published by Morgan James Publishing, his 100 Small Steps series has been featured on CNN, HuffPost, the Kidd Kraddick Morning Show, KVLY NBC North Dakota Today, and FOX 4 Dallas (Market 5). Learn more at temglocon.com.

About Morgan James Publishing

Morgan James Publishing is a leading hybrid publisher and one of the fastest-growing publishers in the nation, as ranked by Publishers Weekly. Founded by David L. Hancock, Morgan James has published more than 3,000 titles and distributes through Publishers Group West (PGW), with availability at Amazon, Barnes & Noble, Books-A-Million, Target, Walmart, and independent bookstores nationwide.

"Best-Selling

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SOURCE Temple Global Consulting Group, Inc.

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PR Newswire

Polypropylene Market Set for Steady Expansion as Circular Economy Initiatives and Packaging Demand Reshape Global Resin Industry | FMI

2 months ago

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NEWARK, Del., July 1, 2026 /PRNewswire/ — According to the latest market analysis by Future Market Insights, the global polypropylene market is entering a new phase of value creation, supported by sustained packaging demand, automotive lightweighting initiatives, and the accelerating transition toward circular plastics. According to Future Market Insights (FMI), the market is projected to expand from USD 103.8 billion in 2026 to USD 161.1 billion by 2036, registering a compound annual growth rate (CAGR) of 4.5% during the forecast period.

Demand continues to be led by flexible and rigid packaging applications, where polypropylene’s low density, excellent processability, and cost efficiency enable high-volume production across film extrusion and injection molding operations. At the same time, automotive manufacturers are increasing the use of polypropylene compounds to reduce vehicle weight while maintaining durability and thermal performance. Regulatory pressure surrounding recycled content is also reshaping procurement strategies as converters increasingly qualify post-consumer recycled (PCR) and mass-balanced polypropylene grades capable of running on existing production lines.

Market Overview

The polypropylene market encompasses homo polymer, random copolymer, impact copolymer, and thermoplastic polyolefin (TPO) grades used across packaging, automotive, construction, healthcare, textiles, electrical equipment, and consumer goods. The sector excludes polyethylene, PVC, PET resins, and finished consumer products where polypropylene resin value cannot be independently measured.

Packaging remains the industry’s largest demand center as manufacturers prioritize lightweight materials that combine moisture resistance, efficient processing, and competitive production costs. Polypropylene continues to benefit from high throughput on film extrusion and injection molding lines, enabling converters to improve manufacturing economics while meeting evolving sustainability requirements.

Get detailed market forecasts, competitive benchmarking, and pricing trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-449

Key Growth Drivers

Flexible and rigid packaging continue to drive resin consumption through high-volume film and container production.
Automotive manufacturers are replacing heavier engineering materials with polypropylene compounds to improve vehicle efficiency.
Growing regulatory requirements for recycled content are accelerating adoption of PCR and mass-balanced polypropylene.
Injection molding applications for caps, closures, thin-wall containers, and housewares continue expanding due to faster production cycles.
Mechanical and chemical recycling technologies are creating additional value streams for circular polypropylene production.

Technology & Innovation Trends

Innovation within the polypropylene industry is increasingly centered on circularity, advanced recycling, and high-performance compound development. Producers are investing in technologies that allow recycled materials to deliver processing characteristics comparable to virgin resin while maintaining product quality.

Recent developments illustrate this transition. INEOS introduced rPP1025C containing 70% recycled material with an estimated 35% lower carbon footprint, targeting caps, cosmetic packaging, and molded components. Likewise, LyondellBasell confirmed that Samsonite’s ESSENS luggage incorporates at least 70% recycled polypropylene, demonstrating the growing acceptance of recycled materials in durable consumer products requiring impact resistance and surface quality.

Mechanical recycling currently remains the dominant recovery pathway because of its established infrastructure. However, chemical recycling is gaining momentum for food-contact and premium applications where higher purity feedstocks are essential.

Market Challenges & Restraints

Despite favorable long-term fundamentals, the polypropylene market continues to face structural challenges. Propylene feedstock price volatility directly affects resin margins and contract negotiations, particularly for commodity packaging grades.

Qualification requirements for recycled polypropylene also increase development costs. Converters must validate odor, color consistency, melt flow characteristics, and mechanical performance before approving PCR materials for commercial production.

European producers face additional pressure from comparatively high energy costs, encouraging greater specialization in premium compounds and certified circular grades while lower-cost Asian producers continue expanding export capacity. These regional cost differences are expected to intensify pricing competition over the coming decade.

Segment Analysis

Product segmentation remains heavily concentrated around Homo Polymer Polypropylene, which is expected to account for 58.4% of total product demand in 2026. Its stiffness, cost efficiency, and suitability for raffia products and rigid packaging continue to support large-scale adoption.

The Packaging Industry is projected to represent 34.7% of end-use demand, reflecting polypropylene’s widespread use in flexible films, rigid containers, food packaging, medical packaging, and consumer goods.

By processing technology, Injection Molding is forecast to capture 45.0% market share in 2026, supported by growing demand for caps, closures, thin-wall tubs, and household products requiring consistent cycle times and dimensional stability.

Distribution continues to favor Direct Sales, expected to account for 60.0% of market volume, as large converters increasingly rely on long-term supply agreements and technical support directly from resin producers.

From a circular economy perspective, Mechanical Recycling is projected to maintain 64.0% share of recycling processes owing to its commercial maturity, although chemical recycling is expected to expand in premium and food-grade applications.

Regional Analysis

Asia continues to lead global polypropylene expansion, with China projected to record the highest national growth at 5.8% CAGR through 2036, supported by extensive polymer conversion capacity, automotive compounding, and packaging manufacturing.

The United States follows with 5.1% CAGR, benefiting from abundant propylene feedstock, integrated petrochemical infrastructure along the Gulf Coast, and continued investment in upstream capacity. Brazil and India are expected to grow at 4.7% and 4.6% CAGR, respectively, driven by packaging demand and expanding converter capacity.

More mature markets including Germany (4.2%), the United Kingdom (3.8%), and Japan (3.7%) are expected to emphasize specialty compounds, certified recycled grades, and premium packaging applications rather than volume expansion.

Competitive Landscape

Competition remains moderately concentrated among globally integrated polyolefin producers with strong feedstock access, broad product portfolios, and expanding circular polymer capabilities.

Market leadership increasingly depends on three strategic capabilities: secure propylene supply, diversified polypropylene grades, and certified circular material offerings. Entry barriers remain high due to capital-intensive production assets, lengthy customer qualification cycles, recycling certification requirements, and global logistics capabilities.

Access the Complete Report in PDF Format: https://www.futuremarketinsights.com/reports/brochure/rep-gb-449

Leading Companies Analysis

LyondellBasell Industries and SABIC continue to maintain strong market positions through integrated production assets, extensive polypropylene portfolios, and advanced compound technologies.

Braskem and Borealis are strengthening their competitive positions through bio-circular and recycled polypropylene offerings that address growing sustainability requirements across packaging and automotive markets.

ExxonMobil Chemical, TotalEnergies, INEOS, Reliance Industries, Formosa Plastics Corporation, and Sinopec continue expanding production capabilities through upstream integration, regional manufacturing investments, and advanced recycling initiatives, enabling them to compete across both virgin and circular polypropylene value chains.

Investment & Strategic Developments

Industry investment activity demonstrates an accelerating shift toward circular plastics and production expansion. Shell Chemicals and Braskem partnered on ISCC PLUS-certified circular polypropylene in 2024, while Braskem America introduced Bio-Circular PP under the WENEW platform later that year.

LyondellBasell expanded automotive-focused polypropylene compounding capacity in Dalian during 2024 and subsequently approved a Channelview propylene expansion expected to add approximately 400,000 metric tons of annual capacity.

Meanwhile, ExxonMobil announced investments exceeding USD 200 million to expand advanced recycling facilities in Baytown and Beaumont, targeting approximately 1 billion pounds of annual recycling capacity by 2027.

Future Outlook

The polypropylene industry is expected to experience balanced growth over the next decade as packaging demand, automotive lightweighting, and sustainability regulations collectively reshape global resin consumption. Circular polypropylene is likely to evolve from a niche offering into a mainstream commercial requirement as recycled-content mandates expand across major economies.

Companies combining secure feedstock access with advanced recycling technologies, technical application support, and globally consistent product quality are expected to strengthen market share. Continued investments in mechanical recycling, chemical recycling, and high-performance compounds will further diversify revenue opportunities while supporting long-term industry resilience.

Explore In-Depth Chemicals & Materials Market Insights: https://www.futuremarketinsights.com/industry-analysis/chemicals-and-materials

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Key Executive Benefits

Decision-Ready Insights: Research tailored to your specific business challenges, growth plans, and investment priorities.
Reduced Strategic Risk: Validate market opportunities, customer demand, and competitive positioning before committing resources.
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Competitive Advantage: Gain proprietary intelligence unavailable through syndicated reports or internal datasets.
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Business Impact

Related Reports:

Polypropylene Random Copolymers Market: https://www.futuremarketinsights.com/reports/polypropylene-random-copolymers-market

Expanded Polypropylene (EPP) Foam Market: https://www.futuremarketinsights.com/reports/expanded-polypropylene-epp-foam-market

Transparent PCR Polypropylene Market: https://www.futuremarketinsights.com/reports/transparent-pcr-polypropylene-market

Biaxially Oriented Polypropylene Market: https://www.futuremarketinsights.com/reports/biaxially-oriented-polypropylene-market

3D-Printed Implant Polypropylenes Market: https://www.futuremarketinsights.com/reports/3d-printed-implant-polypropylenes-market

About Future Market Insights (FMI)

Future Market Insights (FMI) delivers actionable, decision-focused market intelligence that goes beyond traditional research reports. The company provides:

In-depth pricing and cost benchmarking analysis
Demand forecasting based on real industry inputs
Procurement and buyer behavior insights
Supply chain and trade flow intelligence
Technology adoption trends across industries

FMI follows a robust bottom-up research methodology, combining insights from industry experts, procurement leaders, and technical professionals to ensure accurate and practical market intelligence.

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Future Market Insights, Inc.
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