Paramount Runs for Climate Action and Environmental Protection

Two teams of runners from Paramount Corporation Berhad (Paramount) did a 5-km race around Bukit Kewangan in downtown Kuala Lumpur, on 8 October 2023, alongside some 1,000 others from 100 organisations at the 7th Edition of the Bursa Bull Charge.

The Paramount teams were led by Group CEO Jeffrey Chew and Paramount Property COO Wang Chong Hwa, who both ran the 1.5km CEO Run. Meanwhile, Paramount’s 5-km runners comprised three women (Amanda Lee, Lim Ah Khim and Sukma Soleha) and five men (Ivan Chan, Sean Looi, Adrian Choo, Ikhwan Nordin and Prasanth Vijayan).

To make the Sunday morning outing merrier, 50 Paramount employees from across the organisation, including the Paramount Property CEO Chee Siew Pin, showed up as supporters in jerseys bearing The Ashwood logo to cheer their colleagues and other runners at the start/ finishing line. Some were waving the Paramount Property flags. The Ashwood is an upcoming development by Paramount Property located at the U-Thant area, at Jalan Ampang, Kuala Lumpur, also known as the Embassy Row, targeted to be launched in November 2023.

Chew said, “We had great fun, and as Bursa Malaysia CEO Datuk Muhamad Umar Swift said, by participating in Bursa Bull Charge, we are once again showing that businesses can be a force for good.”

“I would like to congratulate Bursa Malaysia for successfully raising RM1.5 million for eight beneficiaries involved in climate action and environmental protection.

“This year’s focus on climate action is timely, and in line with Paramount’s sustainability aspirations and CSR focus, that are anchored on wellness, education, and the environment. As stewards, we owe it to our future generations to ensure that the planet will be a better place than it is today,” he said.

The eight beneficiaries of the Bursa Bull Charge 2023 were Global Peace Foundation, Impact Malaysia, Marine Research Foundation, Persatuan Kepimpinan, Pemerkasaan & Pembangunan Wanita Sabah, Pertubuhan Perkhidmatan Sosial dan Pembangunan Komuniti Daerah Gombak, Selangor, Reef Check Malaysia, Science of Life Studies 24/7 (SOLS) and WWF-Malaysia.

This year’s event was graced by Minister of Natural Resources, Environment and Climate Change Tuan Nik Nazmi Nik Ahmad.

Since its establishment in 2014, the Bursa Bull Charge had attracted participation from more than 11,300 runners and raised funds of over RM13.3 million for 172 beneficiaries, supporting communities such as the Orang Asli, women (including single mothers), children, and persons with disabilities.

Transformation Ahead

KUALA LUMPUR (Jan 22): Established more than five decades ago, Paramount Corp Bhd is known for its core businesses of property development and education, particularly Kolej Damansara Utama. It has since disposed of a majority stake in its tertiary education business in 2019, and bowed out of the pre-tertiary education business last year.

In recent years, Paramount Corp has also ventured into the workspace solutions business (with Co-labs Coworking and Scalable Malaysia) and the hospitality business with Mercure Kuala Lumpur Glenmarie at Utropolis Glenmarie in Shah Alam, Selangor.

The group is now looking at opportunities in the digital realm, especially, to take the company to the next level. Deputy group CEO and executive director Benjamin Teo says that as the company needs to look at parabolic growth, the best way is to look into other businesses such as digital ones. 

In the same issue, we look into LBS Bina’s plans for 2023, and speak to KGV International Property Consultants on how the housing market in Johor Baru performed in 3Q2022. We also feature the just-launched CBRE|WTW’s Market Outlook 2023 report.