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My referral code: ksjs2
https://www.setel.com/ref/ksjs2
Buy RON95 @ RM1.99/L with Setel. Sign up with my referral code and we’ll both earn RM3 after you spend RM30 on fuel or at Kedai Mesra.
My referral code: ksjs2
https://www.setel.com/ref/ksjs2
My referral code: ksjs2
https://www.setel.com/ref/ksjs2
Malaysia’s wealthiest grow fortunes by 30% in 2025.
📈 What happened?
* The combined wealth of Malaysia’s top 50 richest jumped from about US$90 billion to US$116 billion.
* That’s roughly a 30% increase in just one year.
🚀 Why did their fortunes grow so much?
Key drivers behind this big jump:
* Strong economic growth (~5.2% in 2025)
* Stronger ringgit boosting asset values
* Hot IPO market (around 60 listings) creating new wealth
* Rising stock market & commodity prices (especially aluminium, tech, retail)
🏆 Top richest Malaysians (2026 list)
* Robert Kuok – still No.1, ~US$13.6B
* Koon Poh Keong & siblings – ~US$9.7B
* Lee Yeow Chor & Lee Yeow Seng – ~US$8.5B
💥 Biggest gainers
Some billionaires saw even faster growth:
* Koon Poh Keong family: +80% wealth (aluminium boom)
* Jeffrey Cheah: +76% (healthcare IPO)
* Lee Thiam Wah: nearly doubled wealth (retail expansion)
🧠 Big picture insight
This surge shows a widening gap:
* Corporate owners benefited heavily from markets, IPOs, and global demand
* Growth sectors included manufacturing, retail chains, healthcare, and semiconductors
📈 What happened?
* The combined wealth of Malaysia’s top 50 richest jumped from about US$90 billion to US$116 billion.
* That’s roughly a 30% increase in just one year.
🚀 Why did their fortunes grow so much?
Key drivers behind this big jump:
* Strong economic growth (~5.2% in 2025)
* Stronger ringgit boosting asset values
* Hot IPO market (around 60 listings) creating new wealth
* Rising stock market & commodity prices (especially aluminium, tech, retail)
🏆 Top richest Malaysians (2026 list)
* Robert Kuok – still No.1, ~US$13.6B
* Koon Poh Keong & siblings – ~US$9.7B
* Lee Yeow Chor & Lee Yeow Seng – ~US$8.5B
💥 Biggest gainers
Some billionaires saw even faster growth:
* Koon Poh Keong family: +80% wealth (aluminium boom)
* Jeffrey Cheah: +76% (healthcare IPO)
* Lee Thiam Wah: nearly doubled wealth (retail expansion)
🧠 Big picture insight
This surge shows a widening gap:
* Corporate owners benefited heavily from markets, IPOs, and global demand
* Growth sectors included manufacturing, retail chains, healthcare, and semiconductors
Penang LRT bidding war.
🚆 What’s the “bidding war” about?
The biggest fight right now is over the LRT systems package (~RM3 billion) — this includes:
* Trains (rolling stock)
* Signalling systems
* Tracks & electrical systems
It’s one of the last major contracts for the Penang LRT project, which overall is worth about RM13–16 billion
⸻
⚔️ Why it’s called a “bidding war”
1. Many big players competing
At least 7 consortia joined, including:
* Gamuda
* MMC Corporation
* YTL Group
* WCT + Lion Pacific JV
* Others with Chinese, Japanese, Korean partners
👉 This is one of the only major rail jobs in Malaysia right now, so everyone wants it
⸻
2. Intense lobbying (political + corporate)
* Companies are reportedly lobbying Ministry of Transport & Ministry of Finance
* Decision has been delayed multiple times
* Final approval stuck despite recommendations already submitted
👉 That’s why people call it a “war” — not just pricing, but influence.
⸻
3. Reverse e-bidding introduced (price war phase)
Recently, the government moved to:
👉 Reverse e-bidding (auction-style)
* Contractors keep lowering prices to win
* But lowest price doesn’t automatically win
👉 This is where the real price war happens
⸻
⏳ Why it keeps getting delayed
* Tender rules changed many times (over 15 revisions)
* Train specs changed (4-car → 3-car sets)
* Local content requirements adjusted
* Government pushing for lower cost + local participation
👉 Result:
Decision deadline pushed to mid-2026
⸻
🧠 Big picture: why this matters
🔑 Benchmark for future projects
* This tender may set the standard for:
* MRT3
* future LRT lines
* Government wants maximum cost efficiency
⸻
🏗️ Impact on Penang
* LRT (29.5 km, 21 stations) targeted completion: 2031
* Will connect:
* Bayan Lepas (industrial hub)
* George Town
* Mainland (Penang Sentral)
👉 Huge impact on:
* Property prices
* Commuting patterns
* Investment hotspots
Open malacca securities/ mplus cds account: https://bit.ly/openmplusaccountloh
Share Traders Telegram Channel: https://t.me/sharestraders
🚆 What’s the “bidding war” about?
The biggest fight right now is over the LRT systems package (~RM3 billion) — this includes:
* Trains (rolling stock)
* Signalling systems
* Tracks & electrical systems
It’s one of the last major contracts for the Penang LRT project, which overall is worth about RM13–16 billion
⸻
⚔️ Why it’s called a “bidding war”
1. Many big players competing
At least 7 consortia joined, including:
* Gamuda
* MMC Corporation
* YTL Group
* WCT + Lion Pacific JV
* Others with Chinese, Japanese, Korean partners
👉 This is one of the only major rail jobs in Malaysia right now, so everyone wants it
⸻
2. Intense lobbying (political + corporate)
* Companies are reportedly lobbying Ministry of Transport & Ministry of Finance
* Decision has been delayed multiple times
* Final approval stuck despite recommendations already submitted
👉 That’s why people call it a “war” — not just pricing, but influence.
⸻
3. Reverse e-bidding introduced (price war phase)
Recently, the government moved to:
👉 Reverse e-bidding (auction-style)
* Contractors keep lowering prices to win
* But lowest price doesn’t automatically win
👉 This is where the real price war happens
⸻
⏳ Why it keeps getting delayed
* Tender rules changed many times (over 15 revisions)
* Train specs changed (4-car → 3-car sets)
* Local content requirements adjusted
* Government pushing for lower cost + local participation
👉 Result:
Decision deadline pushed to mid-2026
⸻
🧠 Big picture: why this matters
🔑 Benchmark for future projects
* This tender may set the standard for:
* MRT3
* future LRT lines
* Government wants maximum cost efficiency
⸻
🏗️ Impact on Penang
* LRT (29.5 km, 21 stations) targeted completion: 2031
* Will connect:
* Bayan Lepas (industrial hub)
* George Town
* Mainland (Penang Sentral)
👉 Huge impact on:
* Property prices
* Commuting patterns
* Investment hotspots
Open malacca securities/ mplus cds account: https://bit.ly/openmplusaccountloh
Share Traders Telegram Channel: https://t.me/sharestraders