115-512: YTL Corporation is a Malaysian conglomerate. YTL Corporation Berhad (YTL Corp) was founded by the late Tan Sri Dato' Seri (Dr) Yeoh Tiong Lay in 1955. It started as a small construction company as Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd. (SPYTL or YTL Construction), which is the first turnkey contractor in Malaysia. YTL Corp is an integrated infrastructure developer domiciled in Malaysia. YTL Corp has extensive operations in Malaysia, Singapore and
230-535: A dormant claim to the eastern part of Sabah. Singapore's land reclamation has caused tensions, and minor maritime and land border disputes exist with Indonesia. The Malaysian Armed Forces have three branches: the Malaysian Army , Royal Malaysian Navy and the Royal Malaysian Air Force . There is no conscription, and the required age for voluntary military service is 18. The military uses 1.5% of
345-760: A newly industrialised market economy , which is relatively open and state-oriented. The country is a founding member of the Organisation of Islamic Cooperation (OIC), the East Asia Summit (EAS), and the Association of Southeast Asian Nations (ASEAN), and a member of the Non-Aligned Movement (NAM), the Commonwealth , and the Asia-Pacific Economic Cooperation (APEC). The name Malaysia
460-551: A 51% stake in Lafarge Malaysia to elevate operational efficiencies in logistics, distribution and procurement, as well as to achieve cost synergies through economies of scale. YTL Cement has been involved in the construction of the Petronas Twin Towers, KL Tower, KL Smart Tunnel, Penang 2nd bridge, and Resort World Singapore. On 21 September 2021, Malayan Cement Berhad (MCB), a member of YTL Cement, successfully completed
575-606: A 56.96% stake in YTL Hospitality REIT, which was listed on Bursa Malaysia (the Kuala Lumpur Stock Exchange) in 2005. As of June 2024, the market capitalisation of YTL Hospitality REIT is about RM 2.13 billion. In 1985, YTL Hotels opened Pangkor Laut Resort. Additionally, Vistana Kuala Lumpur, a moderately-priced hotel that began operations in 1996, has become a player in Malaysia’s hospitality industry. In 1997,
690-582: A constituent of the FBM KLCI index. Furthermore, YTL Power has been listed in Fortune Southeast Asia 500 for the year 2024, ranking 78th. The ranking of the 500 Largest Companies in Southeast Asia is based on the revenue for the fiscal year 2023. In December 2023, YTL Power collaborated with U.S. technology giant, NVIDIA Corporation (NVIDIA) to build artificial intelligence (AI) infrastructure and bring
805-642: A consultant to rail projects around the world. Malaysia – in Asia (dark gray & white) – in ASEAN (dark gray) Malaysia is a country in Southeast Asia . A federal constitutional monarchy , it consists of 13 states and three federal territories , separated by the South China Sea into two regions: Peninsular Malaysia and Borneo 's East Malaysia . Peninsular Malaysia shares
920-526: A fresh take on lakeside living, Danau Puchong. Additionally, YTL Land launched its Dedaun Rimba project, located within the 2,259-acre Kwasa Damansara township development. In February 2024, all link houses were fully sold, and its townhouses were 80% taken up during a sale preview. Currently, among YTL Land’s largest projects is Sentul, an innovative 294-acre residential and commercial development known as Malaysia’s first private gated park in Kuala Lumpur. Over
1035-426: A high priority to the security and stability of Southeast Asia, and seeks to further develop relations with other countries in the region. Historically the government has tried to portray Malaysia as a progressive Islamic nation while strengthening relations with other Islamic states. A strong tenet of Malaysia's policy is national sovereignty and the right of a country to control its domestic affairs. Malaysia signed
1150-648: A hotel in Niseko Village, Japan with a land mass of 1,520 acres and gross development value of USD 8 billion (RM38 billion). As of May 2024, YTL Hospitality REIT has outlined plans for a new hotel development in Hokkaido, Japan, with an estimated total investment of RM 199 million. The planned development involves a five-storey hotel with a two-storey basement under the Moxy brand, a segment of Marriott’s millennial-focused brand. List of properties owned by YTL Hotels: In 1999, when
1265-491: A land and maritime border with Thailand and maritime borders with Singapore , Vietnam , and Indonesia . East Malaysia shares land borders with Brunei and Indonesia, as well as a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the legislative branch of the federal government . Putrajaya is the administrative centre, which represents
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#17328561168431380-504: A land bank of more than 2,000 acres of strategic development land in Malaysia. The estimated sales value is RM 12 billion. YTL Land’s Sentul Masterplan was unveiled in 2002, including Sentul West and Sentul East. In 2010, Lake Edge in Puchong was another of YTL Land’s developments that transformed a disused mining area into a residential development with terraced houses, semi-detached homes and bungalows. Furthermore, in 2011, YTL Land completed
1495-631: A land named 'Malayadvipa' which was identified by certain scholars as the modern Malay Peninsula . Other notable accounts are by the 2nd-century Ptolemy's Geographia that used the name Malayu Kulon for the west coast of Golden Chersonese , and the 7th-century Yijing 's account of Malayu . At some point, the Melayu Kingdom took its name from the Sungai Melayu . Melayu then became associated with Srivijaya , and remained associated with various parts of Sumatra, especially Palembang, where
1610-490: A large influence in the country's economy, although Malaysia's economic structure has been moving away from it. Malaysia remains one of the world's largest producers of palm oil. Tourism is the third-largest contributor to Malaysia's GDP, after the manufacturing and commodities sectors. In 2019, the sector contributed about 15.9 per cent to the total GDP. According to the World Tourism Organization , Malaysia
1725-529: A largely similar landscape in that both Peninsular and East Malaysia feature coastal plains rising to hills and mountains. Peninsular Malaysia, containing 40 per cent of Malaysia's land area, extends 740 km (460 mi) from north to south, and its maximum width is 322 km (200 mi). It is divided between its east and west coasts by the Titiwangsa Mountains , rising to a peak elevation of 2,183 metres (7,162 ft) at Mount Korbu , part of
1840-687: A secondary listing on the Prime Market Foreign Stocks Segment of the Tokyo Stock Exchange and was the first non-Japanese Asian company to list on the Tokyo exchange. YTL Corp’s listed entities in Malaysia are YTL Power International Berhad, Malayan Cement Berhad, YTL Hospitality REIT and Ranhill Utilities Berhad. YTL Corp also has a stake in Starhill Global Real Estate Investment Trust, which is listed on
1955-401: A series of mountain ranges running down the centre of the peninsula. These mountains are heavily forested, and mainly composed of granite and other igneous rocks. Much of it has been eroded, creating a karst landscape. The range is the origin of some of Peninsular Malaysia's river systems. The coastal plains surrounding the peninsula reach a maximum width of 50 kilometres (31 mi), and
2070-824: A special court to hear cases brought by or against royalty. Race is a significant force in politics. Affirmative actions such as the New Economic Policy and the National Development Policy which superseded it, were implemented to advance the standing of the bumiputera , consisting of Malays and the indigenous tribes who are considered the original inhabitants of Malaysia, over non- bumiputera such as Malaysian Chinese and Malaysian Indians . These policies provide preferential treatment to bumiputera in employment, education, scholarships, business, and access to cheaper housing and assisted savings. However, it has generated greater interethnic resentment. There
2185-537: A total combined capacity of 1,212 MW. In September 2017, the Paka power plant was awarded a supplementary PPA for a further period of 3 years and 10 months . Additionally, YTL Construction was awarded the task of designing, constructing and maintaining a fully intermodal airport facility in Sibu, Sarawak. The design of the airport is intended to accommodate a total operational capacity of 1.5 million passengers per year, as well as meet
2300-507: Is multiethnic and multicultural , which has a significant effect on its politics. About half the population is ethnically Malay , with minorities of Chinese , Indians , and indigenous peoples . The official language is Malaysian Malay , a standard form of the Malay language . English remains an active second language. While recognising Islam as the official religion , the constitution grants freedom of religion to non-Muslims. The government
2415-597: Is 334,671 km (129,217 sq mi) and 1.5 times larger than its land area. It is mainly in the South China Sea . Some of its waters are in the Coral Triangle , a biodiversity hotspot. The waters around Sipadan island are the most biodiverse in the world. Bordering East Malaysia, the Sulu Sea is a biodiversity hotspot, with around 600 coral species and 1200 fish species. The unique biodiversity of Malaysian Caves always attracts lovers of ecotourism from all over
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#17328561168432530-627: Is a combination of the word Malays and the Latin-Greek suffix -ia / -ία which can be translated as 'land of the Malays'. Similar-sounding variants have also appeared in accounts older than the 11th century, as toponyms for areas in Sumatra or referring to a larger region around the Strait of Malacca. The Sanskrit text Vayu Purana , thought to have been in existence since the first millennium CE, mentioned
2645-561: Is also detrimentally affected by uncontrolled tourism. The Malaysian government aims to balance economic growth with environmental protection, but has been accused of favouring big business over the environment. Some state governments are now trying to counter the environmental impact and pollution created by deforestation; and the federal government is trying to cut logging by 10 per cent each year. A total of 28 national parks have been established, 23 in East Malaysia and five in
2760-651: Is chosen from members of both houses of Parliament. The Prime Minister is both the head of cabinet and the head of government . As a result of the 2018 general election Malaysia was governed by the Pakatan Harapan (PH) political alliance , although Prime Minister Mahathir Mohamad resigned amid a political crisis in 2020. In March 2020, the Perikatan Nasional (PN) coalition formed under Prime Minister Muhyiddin Yassin , before Muhyiddin lost majority support and
2875-715: Is currently offline for planned refurbishments. In addition to its cement plants, MCB operates a network of facilities comprising four grinding stations, three cement terminal facilities, two cement depots, more than 70 ready-mixed concrete batching plants, two drymix plants, and two aggregate quarries spanning Peninsular Malaysia. As of July 2024, YTL Cement is planning to acquire an 81.34% stake in Singapore-listed NSK Ltd for SGD 227.61 mil (RM 792.36 mil) in cash, to expand its industrialised building systems (IBS) business. Since March 1961, MCB has been listed on Bursa Malaysia (the Kuala Lumpur Stock Exchange). As of June 2024,
2990-451: Is elected to a five-year term by and from among the nine hereditary rulers of the Malay states . The other four states, which have titular Governors , do not participate in the selection. By informal agreement the position is rotated among the nine, and has been held by Ibrahim Iskandar of Johor since 31 January 2024. The King's role has been largely ceremonial since changes to the constitution in 1994 , picking ministers and members of
3105-501: Is found inside reserves and national parks. Habitat destruction has proved a threat for marine life. Illegal fishing is another major threat, with fishing methods such as dynamite fishing and poisoning depleting marine ecosystems. Leatherback turtle numbers have dropped 98 per cent since the 1950s. Hunting has also been an issue for some animals, with overconsumption and the use of animal parts for profit endangering many animals, from marine life to tigers. Marine life
3220-635: Is linked to Singapore by a narrow causeway and a bridge . The country also has maritime boundaries with Vietnam and the Philippines. The land borders are defined in large part by geological features such as the Perlis River , the Golok River and the Pagalayan Canal, whilst some of the maritime boundaries are the subject of ongoing contention. Brunei forms what is almost an enclave in Malaysia, with
3335-469: Is modelled on the Westminster parliamentary system , and the legal system is based on common law . The head of state is an elected monarch , chosen from among the nine state sultans every five years. The head of government is the prime minister . The country's economy has traditionally been driven by its natural resources but is expanding into commerce, tourism, and medical tourism . The country has
3450-489: Is ongoing debate over whether the laws and society of Malaysia should reflect Islamism or secularism . Islamic criminal laws passed by the Pan-Malaysian Islamic Party with the support of UMNO state assemblymen in the state legislative assembly of Kelantan have been blocked by the federal government on the basis that criminal laws are the responsibility of the federal government. After UMNO lost power at
3565-404: Is the first turnkey contractor in Malaysia and has successfully completed over RM 20 billion worth of contracts on schedule and on budget. YTL Construction received the highest construction rating award, with a CIDB score of 5-star as a CIDB Grade G7 contractor. In 1993, YTL Construction built and completed both gas-fired combined cycle power plants at Paka, Terengganu and Pasir Gudang, Johor with
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3680-608: Is the southernmost point of continental Eurasia . The country has its origins in the Malay kingdoms , which, from the 18th century on, became subject to the British Empire , along with the British Straits Settlements protectorate. During World War Two , British Malaya , along with other nearby British and American colonies, was occupied by the Empire of Japan . Following three years of occupation, Peninsular Malaysia
3795-510: The 1Malaysia Development Berhad scandal . Malaysia is a federation of 13 states and three federal territories. These are divided between two regions, with 11 states and two federal territories on Peninsular Malaysia and the other two states and one federal territory in East Malaysia . Each state is divided into districts , which are then divided into mukim . In Sabah and Sarawak districts are grouped into divisions. Governance of
3910-475: The 2018 Malaysian general election , Malaysia's ranking increased by 9 places in the 2019 Democracy Index to 43rd compared to the previous year and is classified as a 'flawed democracy'. Malaysia's ranking in the 2020 Press Freedom Index increased by 22 places to 101st compared to the previous year, making it one of two countries in Southeast Asia without a 'Difficult situation' or 'Very Serious situation' with regards to press freedom. However, it fell 18 places
4025-429: The 31st-largest by PPP . In 2017, the large service sector contributed to 53.6% of total GDP , the industrial sector 37.6%, and the small agricultural sector roughly 8.8%. Malaysia has a low official unemployment rate of 3.9%. Its foreign exchange reserves are the world's 24th-largest . It has a labour force of about 15 million, which is the world's 34th-largest . Malaysia's large automotive industry ranks as
4140-646: The Basidiomycota are only partly surveyed: bracket fungi , and mushrooms and toadstools have been studied, but Malaysian rust and smut fungi remain very poorly known. Without doubt, many more fungal species in Malaysia are yet to be recorded, and it is likely that many of those, when found, will be new to science. About two thirds of Malaysia was covered in forest as of 2007, with some forests believed to be 130 million years old. The forests are dominated by dipterocarps . Lowland forest covers areas below 760 m (2,490 ft), and formerly East Malaysia
4255-582: The Federated Malay States , had British residents appointed to advise the Malay rulers, to whom the rulers were bound to defer by treaty. The remaining five states on the peninsula, known as the Unfederated Malay States , while not directly under British rule, also accepted British advisers around the turn of the 20th century. Development on the peninsula and Borneo were generally separate until
4370-692: The Federation of Malaya , which restored the autonomy of the rulers of the Malay states under British protection. During this time, the mostly ethnically Chinese rebels under the leadership of the Malayan Communist Party launched guerrilla operations designed to force the British out of Malaya. The Malayan Emergency (1948–1960) involved a long anti-insurgency campaign by Commonwealth troops in Malaya. On 31 August 1957, Malaya became an independent member of
4485-520: The Gunung Mulu National Park which is also a World Heritage Site. The largest river in Malaysia is the Rajang . Around these two halves of Malaysia are numerous islands , the largest of which is Banggi . The local climate is equatorial and characterised by the annual southwest (April to October) and northeast (October to February) monsoons . The temperature is moderated by the presence of
4600-629: The Journal of the Indian Archipelago and Eastern Asia , proposed naming the islands of Southeast Asia as "Melayunesia" or "Indunesia", favouring the former. The name Malaysia gained some use to label what is now the Malay Archipelago. In modern terminology, Malay remains the name of an ethnoreligious group of Austronesian people predominantly inhabiting the Malay Peninsula and portions of
4715-619: The North–South Expressway , the Multimedia Super Corridor , and the new federal administrative capital of Putrajaya . In the late 1990s, the Asian financial crisis impacted the country, nearly causing their currency, stock, and property markets to crash; however, they later recovered. The 1MDB scandal was a major global corruption scandal that implicated then-Prime Minister Najib Razak in 2015. The scandal contributed to
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4830-526: The Sarawak Communist Insurgency and Second Malayan Emergency together with several other issues such as the cross-border attacks into Sabah by Moro pirates from the southern islands of the Philippines, Singapore being expelled from the Federation in 1965, and racial strife. This strife culminated in the 13 May race riots in 1969. After the riots, the controversial New Economic Policy
4945-598: The White Rajahs over an independent kingdom until 1946, when it became a crown colony . In the Second World War , the Japanese Army invaded and occupied Malaya , North Borneo, Sarawak , and Singapore for over three years. During this time, ethnic tensions were raised and nationalism grew. Popular support for independence increased after Malaya was reconquered by Allied forces. Post-war British plans to unite
5060-410: The 11 Peninsular states, known as the Malay states , retain their royal families. The King is elected by and from the nine rulers to serve a five-year term. This King appoints governors serving a four-year term for the states without monarchies, after consultations with the chief minister of that state. Each state has its own written constitution. Sabah and Sarawak have considerably more autonomy than
5175-579: The 13 state assemblies, and the remaining 44 are appointed by the King upon the Prime Minister's recommendation. The parliament follows a multi-party system and the government is elected through a first-past-the-post system. Parliamentary elections are held at least once every five years. Before 2018, only registered voters aged 21 and above could vote for the members of the House of Representatives and, in most of
5290-452: The 15th century. Between the 7th and 13th centuries, much of the southern Malay Peninsula was part of the maritime Srivijayan empire. By the 13th and the 14th century, the Majapahit empire had successfully wrested control over most of the peninsula and the Malay Archipelago from Srivijaya. In the early 15th century, Parameswara , a runaway king of the former Kingdom of Singapura linked to
5405-527: The 19th century. Under British rule the immigration of Chinese and Indians to serve as labourers was encouraged. The area that is now Sabah came under British control as North Borneo when both the Sultan of Brunei and the Sultan of Sulu transferred their respective territorial rights of ownership, between 1877 and 1878. In 1842, Sarawak was ceded by the Sultan of Brunei to James Brooke , whose successors ruled as
5520-472: The Commonwealth of Nations. Subsequently, a comprehensive plan was devised to unite Malaya with the crown colonies of North Borneo (known as Sabah upon joining), Sarawak , and Singapore . The envisioned federation was originally intended to take place on 31 August 1963, to coincide with the commemoration of Malayan independence. However, due to the necessity of conducting a survey on the level of support for
5635-577: The East. The forests of East Malaysia are estimated to be the habitat of around 2,000 tree species, and are one of the most biodiverse areas in the world, with 240 different species of trees every hectare. These forests host many members of the Rafflesia genus, the largest flowers in the world, with a maximum diameter of 1 m (3 ft 3 in). Logging , along with cultivation practices, has devastated tree cover, causing severe environmental degradation in
5750-620: The Mainboard of the SGX-ST, the Singapore stock exchange. As of November 2023, YTL Corp and YTL Power are included as a constituent of the FTSE Bursa Malaysia KLCI (FBM KLCI) index. Furthermore, YTL Corp and YTL Power has been listed in Fortune Southeast Asia 500 for the year 2024 as 47th and 78th respectively. The ranking of the 500 Largest Companies in Southeast Asia is based on the revenue for
5865-477: The Malaccan Sultan. The initial Portuguese use of Malayos reflected this, referring only to the ruling people of Malacca. The prominence of traders from Malacca led Melayu to be associated with Muslim traders, and from there became associated with the wider cultural and linguistic group. Malacca and later Johor claimed they were the centre of Malay culture, a position supported by the British which led to
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#17328561168435980-442: The Malay Peninsula in the first millennium CE. Nonetheless, the name Malaysia was adopted in 1963 when the existing states of the Federation of Malaya, plus Singapore, North Borneo and Sarawak formed a new federation. One theory posits the name was chosen so that si represented the inclusion of Singapore, North Borneo, and Sarawak to Malaya in 1963. Politicians in the Philippines contemplated renaming their state Malaysia before
6095-585: The Muslim areas of the southern Philippines and southern Thailand would spill over into Malaysia. Because of this, Malaysia began to increase its border security. Homosexuality is illegal in Malaysia , and authorities have imposed punishments such as caning and imprisonment. Human trafficking and sex trafficking in Malaysia are significant problems. There have also been cases of vigilante executions and beatings against LGBT individuals in Malaysia. The illegality of homosexuality in Malaysia has also been
6210-519: The Rio Convention on Biological Diversity on 12 June 1993, and became a party to the convention on 24 June 1994. It has subsequently produced a National Biodiversity Strategy and Action Plan , which was received by the convention on 16 April 1998. The country is megadiverse with a high number of species and high levels of endemism . It is estimated to contain 20 per cent of the world's animal species. High levels of endemism are found on
6325-466: The Southeast Asian market sharing common family and cultural ties. International trade, facilitated by the shipping route in adjacent Strait of Malacca , and manufacturing are the key sectors. Malaysia is an exporter of natural and agricultural resources, and petroleum is a major export. Malaysia has once been the largest producer of tin , rubber and palm oil in the world. Manufacturing has
6440-481: The Sultan of Kedah leased Penang Island to the British East India Company . The British obtained the town of Singapore in 1819, and in 1824 took control of Malacca following the Anglo-Dutch Treaty . By 1826, the British directly controlled Penang, Malacca, Singapore, and the island of Labuan , which they established as the crown colony of the Straits Settlements . By the 20th century, the states of Pahang , Selangor , Perak , and Negeri Sembilan , known together as
6555-651: The U.N. treaty on the Prohibition of Nuclear Weapons . The Spratly Islands are disputed by many states in the area, and a large portion of the South China Sea is claimed by China . Unlike its neighbours of Vietnam and the Philippines , Malaysia historically avoided conflicts with China. However, after the encroachment of Chinese ships in Malaysian territorial waters, and breach of airspace by their military aircraft, Malaysia has become active in condemning China. Brunei and Malaysia in 2009 announced an end to claims of each other's land, and committed to resolve issues related to their maritime borders. The Philippines has
6670-575: The United Kingdom (UK), as well as businesses, investments and projects under development in other countries such as Australia, France, Indonesia, the Hashemite Kingdom of Jordan, the Netherlands, Thailand and Vietnam. The core business of the YTL Corporation and its subsidiaries (YTL Corp Group) consists of power generation, water & sewerage, cement manufacturing, construction, property development, hotels & resorts, telecommunication, digital banking, data center, artificial intelligence (AI), cloud computing, renewable energy and education. Utilities are
6785-415: The United Kingdom. Joint exercises and war games have also been held with Brunei, China, India, Indonesia, Japan, and the United States. Malaysia, Philippines, Thailand, and Vietnam have agreed to host joint security force exercises to secure their maritime border and tackle issues such as illegal immigration, piracy , and smuggling . Previously there were fears that extremist militant activities in
6900-415: The acquisition of YTL Cement Berhad’s entire cement and ready-mixed businesses in Malaysia. YTL Cement’s shareholding in MCB increased from 76.98% to approximately 78.58% upon completion of the proposed transaction. MCB is now Malaysia’s leading building materials group, operating four integrated cement plants located in Langkawi, Kanthan, Padang Rengas, and Bukit Sagu. The Rawang plant, with a 72-year history,
7015-411: The adjacent islands of Southeast Asia , including the east coast of Sumatra, the coast of Borneo , and smaller islands that lie between these areas. The state that gained independence from the United Kingdom in 1957 took the name the Federation of Malaya , chosen in preference to other potential names such as Malaysia and Langkasuka , after the historic kingdom located at the upper section of
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#17328561168437130-435: The administration of Malaya under a single crown colony called the Malayan Union met with strong opposition from the Malays , who opposed the weakening of the Malay rulers and the granting of citizenship to the ethnic Chinese . The Malayan Union, established in 1946, and consisting of all the British possessions in the Malay Peninsula with the exception of Singapore , was quickly dissolved and replaced on 1 February 1948 by
7245-502: The assembly. In each of the states with a hereditary ruler, the Chief Minister is normally required to be a Malay , appointed by the ruler upon the recommendation of the Prime Minister. Except for state elections in Sarawak, by convention state elections are held concurrently with the federal election. Lower-level administration is carried out by local authorities, which include city councils, district councils, and municipal councils, although autonomous statutory bodies can be created by
7360-585: The changing demands of passengers and airlines. Furthermore, YTL Construction has a longstanding interest in hospitals and healthcare buildings, leading to the pioneering design and construction of 12 nucleus concept hospitals. These hospitals were a turnkey project, whereby YTL Construction took full responsibility of the commissioning, maintenance and execution of the fully equipped healthcare facilities in Batu Pahat, Sabak Bernam, Port Dickson, Kulim, Sungai Siput, Seberang Jaya, Kuala Pilah, Segamat, Kulai, Miri, Labuan and Sipitang. In 2002, YTL Construction completed
7475-653: The construction of Sandy Island & Kasara. In 2012, Sandy Island development won Best Residential (Low Rise) Award at the 2nd FIABCI Singapore Property Awards. In 2018, YTL Land launched its freehold condominium, 3 Orchard By-the-Park, the first luxury high-rise project in Singapore. In October 2019, YTL Land’s 3 Orchard By-the-Park won six awards at the EdgeProp Singapore Excellence Awards 2019: Design Excellence Award (Developer & Architect), People’s Choice Award, Top Boutique Development Award, Top Development Award and Top Luxury Development Award. In August 2023, YTL Land announced its new high-rise development in Puchong with
7590-409: The construction of the Express Rail Link (ERL) train stations, as well as the engineering works for Malaysia’s first high-speed rail service connecting KLIA to the KL city centre. The ERL is the fastest and cheapest high-speed rail in Southeast Asia. In 2014, YTL Construction undertook the extension of the ERL service connecting KLIA with KLIA2, and subsequently won the Global AirRail Awards (GARA) for
7705-533: The country participates in many international organisations such as the United Nations (U.N.), APEC, the D-8 Organization for Economic Cooperation , and NAM. It has chaired ASEAN, OIC, and NAM in the past. A former British colony, it is also a member of the Commonwealth . Kuala Lumpur was the site of the first EAS in 2005. Malaysia's foreign policy is officially based on the principle of neutrality and maintaining peaceful relations with all countries, regardless of their political system. The government attaches
7820-493: The country's GDP, and employs 1.23% of Malaysia's manpower. Malaysian peacekeeping forces have contributed to many U.N. peacekeeping missions, such as in Congo , Iran–Iraq , Namibia , Cambodia , Bosnia and Herzegovina , Somalia , Kosovo , East Timor and Lebanon . The Five Power Defence Arrangements is a regional security initiative which has been in place for almost 40 years. It involves joint military exercises held among Malaysia, Singapore, Australia, New Zealand, and
7935-506: The country. Over 80 per cent of Sarawak's rainforest has been logged. Floods in East Malaysia have been worsened by the loss of trees, and over 60 per cent of the peninsula's forest have been cleared. With current rates of deforestation , mainly for the palm oil industry, the forests are predicted to be extinct by 2020. Deforestation is a major problem for animals, fungi and plants, having caused species such as Begonia eiromischa to go extinct. Most remaining forest
8050-513: The discretion of the court. In July 2023, The 1975 lead singer Matty Healy slammed the country's anti-LGBTQ laws by kissing bandmate Ross MacDonald on stage at a music festival in Kuala Lumpur causing the Ministry of Communications and Digital to cancel the 3 day event. Malaysia is the 66th largest country by total land area , with a total area of 330,803 km (127,724 sq mi). It has land borders with Thailand in West Malaysia, and Indonesia and Brunei in East Malaysia. It
8165-574: The diverse forests of Borneo's mountains, as species are isolated from each other by lowland forest. There are about 210 mammal species in the country. Over 620 species of birds have been recorded in Peninsular Malaysia, with many endemic to the mountains there. A high number of endemic bird species are also found in Malaysian Borneo. 250 reptile species have been recorded in the country, with about 150 species of snakes and 80 species of lizards. There are about 150 species of frogs, and thousands of insect species. The Exclusive economic zone of Malaysia
8280-603: The expedition of French navigator Jules Dumont d'Urville to Oceania in 1826, he later proposed the terms of Malaysia , Micronesia and Melanesia to the Société de Géographie in 1831, distinguishing these Pacific cultures and island groups from the existing term Polynesia . Dumont d'Urville described Malaysia as "an area commonly known as the East Indies". In 1850, the English ethnologist George Samuel Windsor Earl , writing in
8395-450: The fastest supercomputers in the world. As of June 2023, the financial highlights of YTL Power are as follows: YTL Power’s key subsidiaries are as follows: YTL Cement Berhad (YTL Cement) is Malaysia’s pioneer and largest building materials group, which is 98.04% owned by YTL Corp. With a network of cement plants, terminals, ready-mixed concrete batching facilities, drymix operations, and aggregate quarries. In 2019, YTL Cement acquired
8510-443: The fastest supercomputers to Malaysia by the middle of 2024, in a USD 4.3 billion (RM 20.6 billion) investment deal. In March 2024, YTL Power announced the formation of YTL AI Cloud, a specialised provider of massive-scale GPU-based accelerated computing. The supercomputer will be interconnected by NVIDIA Quantum InfiniBand networking platform. The YTL AI Supercomputer will surpass more than 300 exaflops of AI compute, making it one of
8625-486: The federal and state governments to deal with certain tasks. The federal constitution puts local authorities outside of the federal territories under the exclusive jurisdictions of the state government, although in practice the federal government has intervened in the affairs of state local governments. There are 154 local authorities, consisting of 14 city councils, 38 municipal councils and 97 district councils. The 13 states are based on historical Malay kingdoms, and 9 of
8740-706: The federation in Sabah and Sarawak by the United Nations , as requested by opponents of the federation such as Indonesia 's Sukarno and the Sarawak United Peoples' Party , the date of the federation was postponed until 16 September 1963. The federation brought heightened tensions including a conflict with Indonesia as well as continual conflicts against the Communists in Borneo and the Malay Peninsula, which escalated to
8855-526: The first change in the ruling political party since independence in the 2018 general election . In the 2020s, the country was gripped by a political crisis that coincided with health and economic crises caused by the COVID-19 pandemic . This was then followed by an earlier general election in November 2022, which resulted in the first hung parliament in the nation's history. On 24 November 2022, Anwar Ibrahim
8970-434: The fiscal year 2023. As of June 2023, the financial highlights of YTL Corp Group are as follows: YTL Corp’s major subsidiaries are YTL Power International Berhad, Malayan Cement Berhad, YTL Construction Sdn Bhd, YTL Land & Development Berhad, YTL Hotels & Properties Sdn Bhd, Starhill Global REIT, Express Rail Link Sdn Bhd, YTL e-Solutions Berhad and YTL-SV Carbon Sdn Bhd. YTL Power International Berhad (YTL Power),
9085-522: The five-star Ritz Carlton Hotel began operations. Subsequently, YTL Hotels opened Tanjong Jara Resort, Vistana Kuantan and Vistana Penang in 1999. In 2020, the opening of AC Hotel Kuala Lumpur Titiwangsa, AC Hotel Kuantan City Centre and AC Hotel Penang Bukit Jambul (rebranded from its previous name, Vistana), marked the Spanish brand’s entry into the Asia-Pacific region. YTL Hospitality REIT plans to develop
9200-568: The following year due to the policies of the PN government. Malaysia is marked at 48th and 62nd place according to the 2021 Corruption Perceptions Index , indicating above average levels of corruption . Freedom House noted Malaysia as "partly free" in its 2018 survey. A lawsuit filed by the Department of Justice alleged that at least $ 3.5 billion involving former prime minister Najib Razak had been stolen from Malaysia's 1MDB state-owned fund, known as
9315-659: The forefront of Anwar Ibrahim 's sodomy trials , which Anwar has called politically motivated, a characterization supported by the Working Group on Arbitrary Detention , along with Amnesty International and the Human Rights Watch . The death penalty is in use for serious crimes such as murder , terrorism , drug trafficking , and kidnapping , but in June 2022, Malaysian law minister Wan Junaidi pledged to abolish capital punishment and replace it with other punishments at
9430-513: The founder of the Malacca Sultanate is thought to have come from. It is only thought to have developed into an ethnonym as Malacca became a regional power in the 15th century. Islamisation established an ethnoreligious identity in Malacca, with the term Melayu beginning to appear as interchangeable with Melakans . It may have specifically referred to local Malays speakers thought loyal to
9545-417: The largest revenue contributor (71%), followed by cement manufacturing (16%), construction (4%), hotel operations (4%) and others. With a market capitalisation of RM 43.36 billion, YTL Corp is amongst the largest companies listed on Bursa Malaysia Securities Berhad (Kuala Lumpur Stock Exchange, KLSE). As of June 2024, the total combined group market capitalisation is RM 103.65 billion. Since 1996, YTL Corp has
9660-518: The location of the 4,095 m (13,435 ft) high Mount Kinabalu , the tallest mountain in Malaysia. Mount Kinabalu is located in the Kinabalu National Park , which is protected as one of the four UNESCO World Heritage Sites in Malaysia . The highest mountain ranges form the border between Malaysia and Indonesia. Sarawak contains the Mulu Caves, the largest cave system in the world, in
9775-504: The market capitalisation of MCB is about RM 7.14 billion. As at 30 June 2023, the financial highlights of MCB are as follows: YTL Construction Sdn Bhd (YTL Construction), previously known as Syarikat Pembenaan Yeoh Tiong Lay (SPYTL) is the construction arm of YTL Corp. It is principally involved in the construction of large-scale infrastructures including power plants, airport, hospitals, railway lines and telecommunications, as well as commercial and residential properties. YTL Construction
9890-480: The modern country took the name. Evidence of modern human habitation in Malaysia dates back 40,000 years. In the Malay Peninsula, the first inhabitants are thought to be Negritos . Areas of Malaysia participated in the Maritime Jade Road between 2000 BC to 1000 AD. Traders and settlers from India and China arrived as early as the first century AD, establishing trading ports and coastal towns in
10005-596: The neighbourhood was a high-crime-red-light district, YTL Corp acquired Lot 10, Starhill Shopping Centres and the JW Marriott Hotel from Taiping Co to prevent further deterioration. Starhill Global Real Estate Investment Trust (Starhill Global REIT) is a Singapore-based real estate investment trust investing in real estate used for retail and office purposes, both in Singapore and overseas. YTL Corp has an effective interest of 37.18% in Starhill Global REIT, which
10120-536: The next seven years, Sentul is expected to generate an estimated RM 8 billion in sales. On 28 November 2023, YTL Land announced that the Phase 1 of OliveGrove, Ipoh , Perak is fully sold out while Phase 2 of the same project, comprising of 119 units of residential homes, is open for sale. OliveGrove is the first-ever gated and guarded residential project in Bercham that also consists of a 24-hour security unit. The developer of
10235-461: The old Srivijayan court, founded the Malacca Sultanate . The spread of Islam increased following Parameswara's conversion to that religion. Malacca was an important commercial centre during this time, attracting trade from around the region. In 1511, Malacca was conquered by Portugal , after which it was taken by the Dutch in 1641. In 1786, the British Empire established a presence in Malaya, when
10350-660: The only political coalition not in the coalition government became the Opposition. Malaysia's legal system is based on common law . Although the judiciary is theoretically independent, its independence has been called into question and the appointment of judges lacks accountability and transparency. The highest court in the judicial system is the Federal Court , followed by the Court of Appeal and two high courts , one for Peninsular Malaysia and one for East Malaysia. Malaysia also has
10465-550: The other states, most notably having separate immigration policies and controls, and a unique residency status. Federal intervention in state affairs, lack of development, and disputes over oil royalties have occasionally led to statements about secession from leaders in several states such as Penang , Johor , Kelantan , Sabah and Sarawak, although these have not been followed up and no serious independence movements exist. A list of thirteen states and each state capital (in parentheses): A founding member of ASEAN and OIC,
10580-401: The peninsula's coastline is nearly 1,931 km (1,200 mi) long, although harbours are only available on the western side. East Malaysia, on the island of Borneo , has a coastline of 2,607 km (1,620 mi). It is divided between coastal regions, hills and valleys, and a mountainous interior. The Crocker Range extends northwards from Sarawak, dividing the state of Sabah. It is
10695-462: The peninsula. Tourism has been limited in biodiverse areas such as Sipadan island. Wildlife trafficking is a large issue, and the Malaysian government has held talks with the governments of Brunei and Indonesia to standardise anti-trafficking laws. Malaysia is a relatively open state-oriented and newly industrialised market economy . It has the world's 36th-largest economy by nominal GDP and
10810-791: The prime areas of Roppongi, Shibuya-ku, Minato-ku and Meguro-ku in Tokyo, and a premier retail property in Chengdu, China. In 2010, Starhill Global REIT acquired Starhill Gallery and parcels in Lot 10 in Kuala Lumpur, Malaysia, and the David Jones Building in Perth, Australia, increasing the trust’s portfolio size to approximately SGD 2.1 billion / RM 7.4 billion. YTL Corp owns a 45% stake in Express Rail Link Sdn Bhd (ERLSB) and its wholly-owned subsidiary, ERL Maintenance Support (E-MAS). E-MAS serves as
10925-474: The project is PYP Sendirian Berhad, a wholly-owned subsidiary of YTL Land. Completed and on-going projects by YTL Land are as follows: Before 2012: From 2013 – 2018: From 2019 – 2024: On-going projects: YTL Corp’s hotel management and development activities are undertaken primarily through YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) and its wholly-owned subsidiary, YTL Hotels & Properties Sdn Bhd (YTL Hotels). YTL Corp holds
11040-524: The revenue for the financial year ended 30 June 2023. YTL Power has been listed on Bursa Malaysia (the Kuala Lumpur Stock Exchange) since 23 May 1997. As of June 2024, the market capitalisation of YTL Power is about RM 45.05 billion, ranking #8 by market capitalisation in KLSE. In addition, YTL Power is included in the FTSE4Good Bursa Malaysia (F4GBM) Index. As of November 2023, YTL Power is included as
11155-451: The seat of both the executive branch (the Cabinet , federal ministries, and federal agencies ) and the judicial branch of the federal government. With a population of over 34 million, the country is the world's 43rd-most populous country . Malaysia is tropical and is one of 17 megadiverse countries ; it is home to numerous endemic species . Tanjung Piai in the Malaysian state of Johor
11270-410: The second and third centuries. Their presence resulted in strong Indian and Chinese influences on the local cultures, and the people of the Malay Peninsula adopted the religions of Hinduism and Buddhism . Sanskrit inscriptions appear as early as the fourth or fifth century. The Kingdom of Langkasuka arose around the second century in the northern area of the Malay Peninsula, lasting until about
11385-463: The state of Sarawak dividing it into two parts. Malaysia is the only country with territory on both the Asian mainland and the Malay archipelago. The Strait of Malacca , lying between Sumatra and Peninsular Malaysia, is one of the most important thoroughfares in global commerce, carrying 40 per cent of the world's trade. The two parts of Malaysia, separated from each other by the South China Sea , share
11500-466: The states is divided between the federal and the state governments, with different powers reserved for each, and the Federal government has direct administration of the federal territories. Each state has a unicameral State Legislative Assembly whose members are elected from single-member constituencies. State governments are led by Chief Ministers , who are state assembly members from the majority party in
11615-464: The states, for the state legislative chamber. Voting is not mandatory. In July 2019, a bill to lower the voting age to 18 years old was officially passed. Executive power is vested in the Cabinet , led by the Prime Minister . The prime minister must be a member of the House of Representatives, who in the opinion of His Majesty the King, commands the support of a majority of members. The Cabinet
11730-567: The surrounding oceans. Humidity is usually high, and the average annual rainfall is 250 cm (98 in). The climates of the Peninsula and the East differ, as the climate on the peninsula is directly affected by wind from the mainland, as opposed to the more maritime weather of the East. Local climates can be divided into three regions, highland, lowland, and coastal. Climate change will cause sea level rise and increased rainfall, increasing flood risks and leading to droughts. Malaysia signed
11845-408: The term Malay becoming more usually linked to the Malay peninsula rather than Sumatra. Before the onset of European colonisation, the Malay Peninsula was known natively as Tanah Melayu ('Malay Land'). Under a racial classification created by a German scholar Johann Friedrich Blumenbach , the natives of maritime Southeast Asia were grouped into a single category, the Malay race . Following
11960-494: The third time through Express Rail Link Sdn Bhd (ERLSB). In 2024, the federal government and ERLSB signed a new supplementary concession agreement. The 30-year concession agreement will run from 2029 to 2059 and will allow the operator of the KLIA Ekspres and KLIA Transit city-to-airport services to implement a ‘market-driven’ fare structure. Furthermore, YTL Construction, together with its joint venture partner, SIPP Rail Sdn. Bhd.
12075-497: The upper house. Legislative power is divided between federal and state legislatures. The bicameral federal parliament consists of the lower house , the House of Representatives and the upper house , the Senate . The 222-member House of Representatives is elected for a maximum term of five years from single-member constituencies. All 70 senators sit for three-year terms; 26 are elected by
12190-590: The utilities arm of YTL Corp, is an international multi-utility owner and operator active across key segments of the utilities industry. The company has operations, investments and projects under development in Malaysia, Singapore, the United Kingdom, Indonesia, the Hashemite Kingdom of Jordan, and the Netherlands. The utilities segment continues to be YTL Corp Group’s largest operating segment, contributing 71% of
12305-438: The world's 22nd-largest by production . Malaysia is the world's 23rd-largest exporter and 25th-largest importer . However, economic inequalities exist between different ethnic groups. The Chinese make up about one-quarter of the population, but account for 70 per cent of the country's market capitalisation. Chinese businesses in Malaysia are part of the larger bamboo network , a network of overseas Chinese businesses in
12420-564: The world. Nearly 4,000 species of fungi, including lichen-forming species have been recorded from Malaysia. Of the two fungal groups with the largest number of species in Malaysia, the Ascomycota and their asexual states have been surveyed in some habitats (decaying wood, marine and freshwater ecosystems, as parasites of some plants, and as agents of biodegradation), but have not been or have been only poorly surveyed in other habitats (as endobionts, in soils, on dung, as human and animal pathogens);
12535-541: Was appointed as the local subcontractors to carry out the design, construction, supply, installation, completion, testing, commissioning and maintenance for the 197km electrified double track project from Gemas to Johor Bahru. The new link will reduce the travelling time between Gemas and Johor Bahru to just 90 minutes. YTL Corp’s residential property development activities, such as building houses, apartments and condominiums, are implemented through its subsidiary, YTL Land and Development Berhad (YTL Land). YTL Land currently has
12650-502: Was briefly unified as the Malayan Union in 1946 until 1948 when it was restructured as the Federation of Malaya . The country achieved independence on 31 August 1957. On 16 September 1963 , independent Malaya united with the then British crown colonies of North Borneo , Sarawak , and Singapore to become Malaysia. In August 1965, Singapore was expelled from the federation and became a separate, independent country . The country
12765-525: Was covered in such rainforest , which is supported by its hot wet climate. There are around 14,500 species of flowering plants and trees. Besides rainforests, there are over 1,425 km (550 sq mi) of mangroves in Malaysia, and a large amount of peat forest. At higher altitudes, oaks, chestnuts, and rhododendrons replace dipterocarps. There are an estimated 8,500 species of vascular plants in Peninsular Malaysia, with another 15,000 in
12880-470: Was launched by Prime Minister Tun Abdul Razak , trying to increase the share of the economy held by the bumiputera . Under Prime Minister Mahathir Mohamad there was a period of rapid economic growth and urbanization beginning in the 1980s. The economy shifted from being agriculturally based to one based on manufacturing and industry. Numerous mega-projects were completed, such as the Petronas Towers ,
12995-461: Was listed on the Mainboard of the SGX-ST, the Singapore stock exchange in 2005. As of June 2024, the market capitalisation of Starhill Global REIT is about RM 3.83 billion. The Singapore-based real estate investment trust had an initial property portfolio comprising stakes in two landmark properties along Singapore’s famed Orchard Road shopping belt, namely Ngee Ann City and Wisma Atria. In 2008, Starhill Global REIT acquired seven properties located in
13110-665: Was replaced by deputy Prime Minister Ismail Sabri Yaakob , a veteran politician from the United Malays National Organisation (UMNO), in August 2021. As a result of the 2022 Malaysian general election , a hung parliament was elected. Anwar Ibrahim of the PH coalition was appointed as the new Prime Minister to lead the coalition government of PH, Barisan Nasional , Gabungan Parti Sarawak , Gabungan Rakyat Sabah and several other political parties and independents. Meanwhile, PN,
13225-475: Was sworn in as the 10th Prime Minister of Malaysia , leading a grand coalition government. Malaysia is a federal constitutional elective monarchy ; the only federal country in Southeast Asia. The system of government is closely modelled on the Westminster parliamentary system, a legacy of British rule . The head of state is the King, whose official title is the Yang ;di-Pertuan Agong . The King
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