19/09/2025

BIZ & FINANCE FRIDAY | SEPT 19, 2025

15

Domestic tourism expands in Q2, reaches 73.8m visitors

Glomac lines up RM600m worth of

Technology Sdn Bhd (Pro-Net), a subsidiary of Proton, announced that the Proton e.MAS 7 has once again secured its position as Malaysia’s No. 1 electric vehicle (EV) for August. Deliveries have reached a cumulative total of 5,811 units between Jan 1 and Aug 31, comprising 5,455 local sales and 356 units exported to four international markets. With a market share of 24%, nearly one in every four EVs sold is a Proton e.MAS 7. “We are sincerely grateful to all Proton e.MAS 7 owners for their trust and support,” said Pro Net CEO Zhang Qiang. “The Proton e.MAS 7 was built as a car for Malaysians, and we are always listening to customer feedback to make it better. This was reflected in the recent launch of new Proton e.MAS 7 variants in early July, which introduced over-the-air updates along with new exterior products for sale in FY26 PETALING JAYA: Glomac Bhd, a property developer with a strong track record across Greater Kuala Lumpur, Selangor, and Johor, yesterday announced its financial results for the first quarter ended July 31, 2025 (Q1’26). Despite lower revenue, Glomac delivered an improved gross profit margin of 34.3%, up from 30.9% in the corresponding quarter of the previous financial year. This margin improvement was under pinned by higher contributions from higher margin products, including the shop offices at Saujana Perdana and KEYS semi-detached homes at Lakeside Residences. Looking ahead, Glomac is bringing to market about RM600 million worth of products for sale in the current financial year. This includes both ongoing and new phases of landed residential projects, where the group continues to enjoy resilient demand. Key launches include new phases of the Serai terrace houses at Sungai Buloh Country Resort. Following the sell-out of Serai 1, comprising 112 double-storey terrace homes with a gross development value (GDV) of RM72 million, Serai 2 was launched in May to solid response, while Serai 3 is slated for launch in Q3’26. Other launches planned for the year include the terrace houses at Saujana Jaya in Kulai and semi-detached houses at Saujana Rawang. Glomac commands a strong portfolio of strategically located landbank carrying an estimated GDV of over RM6.6 billion.

Sarawak RM3.2 billion. Food and beverages was the second largest contributor, amounting to RM17.3 billion. Selangor led in this category with RM2.2 billion, followed by Kuala Lumpur RM2.1 billion and Perak RM1.5 billion. In 2024, the main purpose of domestic overnight trips across all states was to visit relatives and friends, except for Malacca, where holiday/leisure/relaxation emerged as the primary reason for travel. The national average length of stay (Alos) increased to 2.49 nights, up from 2.45 nights in 2023. Several states recorded an Alos above the national average, including Johor (2.57 nights), Kedah (2.77 nights), Kelantan (2.98 nights), Penang (2.53 nights), Terengganu (2.50 nights), Sabah (3.01 nights), Sarawak (3.09 nights) and Labuan (2.84 nights). Variations in travel patterns and length of stay across states point to opportunities for targeted tourism development. Overall, the data suggests a stable and evolving domestic tourism market that plays a meaningful role in supporting local economies and enhancing economic diversification, the department said.

said, “In terms of domestic tourism performance by state in 2024, Selangor recorded the highest number of domestic visitors at 34.5 million, followed by the Federal Territory of Kuala Lumpur (27 million) and Perak (21.8 million). Perak also registered the highest number of tourist arrivals, rising by 36.1% to 10.2 million visitors compared to 7.5 million in the previous year.” In line with the positive growth in domestic visitor arrivals, all states recorded an increase in tourism receipts. Selangor registered the highest domestic tourism receipts in 2024 at RM14.2 billion, marking a 28.1% increase from RM11.1 billion in 2023. This was followed by the Federal Territory of Kuala Lumpur, which ranked second with RM14.1 billion, compared to RM11 billion in the previous year. Pahang and Sabah also recorded strong growth, with tourism receipts rising to RM8.7 billion (2023: RM6.7 billion) and RM8.6 billion (2023: RM6.7 billion), respectively. Shopping remained the main contributor to tourism receipts, with a total of RM39.9 billion. Kuala Lumpur led with RM6.8 billion, followed by Selangor RM6.1 billion and

colours and interior choices,” he added. August 2025 marks another milestone with the official opening of Proton’s first dedicated EV plant in Tanjung Malim. Since the initial launch, the Proton e.MAS 7 has been introduced as a CBU (completely built-up) unit from China to meet strong early demand. With the new facility now operational, the e.MAS 7 will transition into CKD (completely knocked down) local assembly soon, making it the first locally assembled EV from Proton. The new plant, located within the Automotive High Technology Valley, has an initial annual capacity of 20,000 vehicles, with the ability to scale up to 45,000 as demand grows. Local assembly will strengthen Pro-Net’s role in developing Malaysia’s EV ecosystem by improving accessibility, creating new skilled jobs, and enabling greater participation of local vendors in the supply chain. PETALING JAYA: Malaysia recorded 73.8 million domestic visitors in the second quarter of 2025, an increase of 7.8% compared to the same period last year, the Department of Statistics Malaysia said. On a quarter-on-quarter basis, domestic visitor numbers rose by 5.8% from the first quarter of 2025. The number of domestic tourists in the second quarter 2025 increased 4.2% compared to the first quarter 2024, recording 27.4 million tourists. Correspondingly, domestic tourism expenditure amounted to RM29.2 billion in the second quarter of 2025, reflecting a modest year-on-year growth of 3.8%. However, it registered a slight quarter-on quarter decline of 0.6%. In a statement yesterday, Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin o Expenditure amounts to RM29.2 b in second quarter, a 3.8% year-on-year increase

January-August deliveries of Proton e.MAS 7 total 5,811 units PETALING JAYA: Proton New Energy

With a market share of 24%, nearly one in every four EVs sold is a Proton e.MAS 7.

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