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Old September 11th, 2007, 04:35 AM   #121
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Tech Savvy Cops For IDR
September 10, 2007 17:15 PM


JOHOR BAHARU, Sept 10 (Bernama) -- The search for the best possible security system for the Iskandar Development Region (IDR) has taken the authorities to France, China, Singapore and the United Kingdom.

And the Police are convinced that the answer lies in modern technology and computer savvy cops.

Royal Malaysia Police director of logistics Datuk Zainal Mohd Tahir said that while there is no one perfect system which Malaysia could copy in it's bid to provide the best security system for the IDR, there are certain elements that need to be incorporated.

"Our officers have gone to France and the United Kingdom and also to China and Singapore to look into the security systems employed by these countries. We can never copy wholesale the system and the methods they use because no two countries are alike.

"But we are convinced that using modern technology and the right people are key to providing the best security system for the region," said Zainal after the official opening of the RM2.4 million Taman Ungku Tun Aminah police station here Monday.

The IDR which spreads over an area of 2,240 square km lies on the southern tip of Johor and is touted as the new growth corridor where multi- billion ringgit investments are expected.

"The surveillance of the entire region can than be monitored from a central control room and according to recommendations, police patrol cars for the IDR will be equipped with computers and cameras, which are all linked to the control centre.

"Therefore we need trained police personnel, officers who know how to operate the new technological tools in their effort to combat crime," said Zainal.

"Possibly by the end of next year we can see the new system being implemented for the IDR," he added.

-- BERNAMA
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Old September 11th, 2007, 02:25 PM   #122
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Malaysia Developers Attract Fans
By Attempting Johor's Makeover


JOHOR BAHRU, Malaysia -- Investors take heed: Property prices in Johor Bahru, the sprawling urban area on the southern tip of the Malayan peninsula, are as much as 30 times lower than those across the narrow sliver of water, in neighboring Singapore.

That's a bargain that won't last much longer, many analysts say.

With the Malaysian government set to transform Johor Bahru into a major metropolis by feeding off Singapore's prosperity -- a plan similar China's Shenzhen with Hong Kong -- property prices could soon be soaring.

The plan represents an opportunity for investors in Malaysian stocks that are most exposed to the Iskandar Development Region, or IDR, as the project is known.

With the government's prestige on the line, "Malaysia has no choice but make the IDR project succeed," says Dr. C.K. Lee, chief executive of Alpha Asset Management in Kuala Lumpur. "The price of land there is very cheap. So, from a property-play viewpoint, you just sit and wait, and the government will pump in the money."

Malaysian officials estimate that tens of billions of dollars will be invested in the IDR project as the population of the area -- three times the size of Singapore -- doubles to some three million people by 2025.

In the first sign of large-scale international interest in the plan, Abu Dhabi's state investment company Mubadala Development Co., the Kuwait Finance House, and a unit of Saraya Holdings, which is an investment company headed by the son of the late Lebanese Prime Minister Rafik Hariri, this month announced they will invest an initial $1.2 billion in IDR projects, building new infrastructure and a financial-services hub.

UEM World, a listed Malaysian state-controlled land and development company, is already building Johor's new administrative capital, the city of Nusajaya; it is also one of the biggest land owners in the area. Dr. Lee says his fund holds UEM World shares, and is considering buying stock in Gamuda, a construction company that is building an extensive road network in Johor. According to Dr. Lee, UEM World offers investors a double play of value increases from land appreciation and money it makes in actual construction.

Citigroup also views UEM World as the "key beneficiary of the uptrend in land prices" in the IDR, with a "buy/high risk" rating and a target price of five ringgit ($1.43), up from its current price of 3.96 ringgit. Kuala Lumpur-based Citigroup analyst Penny Yaw calculated in a recent note that every ringgit-per-square foot rise in Johor property prices would lift UEM World's revalued net asset value by 5%, or 23 sen a share.

Credit Suisse is even more bullish on the Malaysian company, initiating coverage in August with an "outperform" rating and a 12-month target price of six ringgit. "UEM is foremost an exposure to Johor property...and provides the property inflation angle," said analyst Hon Sze Leong in an August note to investors.

The analyst estimated that the value of UEM World's landbank, which includes high-end residential developments that are already being snapped up by Singaporean investors, will rise more than 50% to 31 ringgit per square foot from the current 18 to 20 ringgit. UEM World's share price has more than doubled this year.

Credit Suisse cautioned, however, that the land in the area where UEM World concentrates, Nusajaya, should be at a discount to Danga Bay, the adjoining part of Johor Bahru that has been designated as a financial and commercial center, with higher property valuations. The company with the biggest exposure to that development is Ekovest, a small-cap stock listed on the Kuala Lumpur exchange. Ekovest shares are have nearly doubled in value for the year.

Another property play on Johor, analysts say, may be SP Setia, one of Malaysia's biggest developers. In July, Credit Suisse raised SPS's rating to "buy," with a 12-month target price of 11 ringgit per share. "With a strong brand name and Johor projects accounting for 30% of its land bank, is well-positioned" to benefit from the area's growth, Credit Suisse equity strategist Soek Ching Kum wrote in a note to investors. SPS closed at 8.1 ringgit yesterday and is up 59% so far this year.

Still, not everyone is convinced that the IDR project will deliver on its promise. The doubters point to Malaysia's ambitious plan to create a global information-technology hub, Cyberjaya, near Kuala Lumpur in the 1990s. After an initial buzz, that development project has proceeded slowly.

"The trouble with Malaysian projects is that they look very good on paper, but when it comes to execution and implementation, it looks quite different," says Tan Teng Boo, chief executive of the Kuala Lumpur-based Capital Dynamics Asset Management. He says his fund doesn't own UEM World, which is 53% state-owned, because of difficulties in properly analyzing government-controlled companies, and doesn't hold SPS because of its current high valuation.

Moreover, talk of development in Johor, skeptics like Mr. Tan point out, isn't exactly new: Plans to integrate the area with Singapore date back to 1989, and have consistently fallen victim of perennial tensions between the Singapore and Malaysian governments.

But these tensions, embodied in deep personal antipathy between former Prime Ministers Mohamed Mahathir of Malaysia and Lee Kuan Yew of Singapore, have largely eased nowadays, as the two countries enjoy one of the warmest spells in their relationship since separating in 1965. Malaysia's Prime Minister Abdullah Badawi and Singapore's Lee Hsien Loong met early this year to discuss the IDR project, and agreed to work together on implementing it.

"You have a new leadership now, not just in Malaysia, but in Singapore, too," says Mark Matthews, chief Asia strategist at Merrill Lynch in Hong Kong who predicted that "Johor will be a success" in a report earlier this year. While Malaysia needs access to Singapore's capital, he noted, the island-state is also running out of space.

Manufacturing still accounts for 27% of Singapore's gross domestic product, compared with just 3% in Hong Kong, even as the island-state is transforming itself into private-banking and entertainment hub. "If Singapore really wants to be the Zurich and Monaco of Asia, then there is no space for manufacturing there," Mr. Matthews says. The most convenient solution, he adds: transforming Johor into Singapore's "back office" and manufacturing outlet.
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Old September 11th, 2007, 02:28 PM   #123
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What its mean by, transforming Johor into Singapore's "back office" and manufacturing outlet????
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Old September 11th, 2007, 02:33 PM   #124
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What its mean by, transforming Johor into Singapore's "back office" and manufacturing outlet????
i think like Shenzhen for Hong Kong...
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Old September 12th, 2007, 06:48 AM   #125
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Rohde & Schwarz opens HQ in Malaysia
By Zuraimi Abdullah
September 12 2007
BusinessTimes


Quote:
In addition, the German technology specialist could open a new production facility in either Penang or the Iskandar Development Region in Johor
GERMAN technology specialist Rohde & Schwarz GmbH has made Malaysia its operational headquarters for the region and could subsequently open a new production facility in the country, company officials said.

Penang and the Iskandar Development Region in Johor have been identified as the possible location for the proposed production plant.

Rohde & Schwarz Malaysia Sdn Bhd's office at Glenmarie, Shah Alam will oversee the operations of sales, services, engineering and support of the parent company's products and services after establishing its presence in the country for more than 20 years.

Rohde & Schwarz is one of the world leaders in the fields of professional radio communications, test and measurement, broadcast transmitter, radio monitoring and encryption technology.

Established over 70 years ago, the Munich-based company has a presence in 70 countries and achieved a revenue of 1.3 billion (RM6.37 billion) in the year ended June 30 2006.

"Malaysia has been a home ground for us for more than 20 years," Rohde & Schwarz president and chief operating officer Christian Leicher said at the opening of the Malaysian office by International Trade and Industry Minister Datuk Seri Rafidah Aziz yesterday.

"The new office marks another new chapter for us. We are here to share and transfer the knowledge and technology knowhow to Malaysian companies, institutions and universities," he added.

Rohde & Schwarz Malaysia managing director Joseph Soo said the proposed factory will initially produce broadcast transmitters for television operators in particular.

"We are the biggest supplier of broadcast transmitters in the country," he said.

Rohde & Schwarz Malaysia's revenue more than doubled last year to 30 million (RM147 million). Its biggest customers include Telekom Malaysia Bhd and the Malaysian Armed Forces.

The company's number of exployees is expected to increase to 50 by year-end, from 40 presently.

"Every five years, we have to double our growth. Every year, Rohde & Schwarz Malaysia has been targeted to grow by at least 15 per cent," Soo said.

Rohde & Schwarz Malaysia has spent RM10 million on its Glenmarie facility including RM5 million for a fully-automated calibration system.
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Old September 12th, 2007, 07:05 AM   #126
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Putting IDR in front
Wednesday September 12, 2007

Malaysia needs to be more aggressive to attract investors to the Iskandar Development Region if it does not want to lose them to neighbouring countries

COMMENT BY NELSON BENJAMIN
TheStar




Mammoth project: File photo of (from left) Abdullah, Johor Sultan Iskandar
Ibni Almarhum Sultan Ismail, Johor Tunku Besar Zabedah Tunku Iskandar and
Johor Baru Datuk Bandar Datuk Mohd Naim Nasir looking over the Nusajaya
model at the launch of the Iskandar Development Region at Danga Bay,
Johor Baru, on Nov 4.


RECENTLY, Vietnam’s Prime Minister Nguyen Tan Dung led a delegation of Cabinet ministers, senior officials and businessmen on a two-day visit to Singapore.

The premier was in the island republic to initiate the setting up of a Joint Ministerial Committee (JMC) to oversee and provide high-level political support on their joint-venture projects.

Singapore is now Vietnam’s second-largest foreign investor after South Korea with bilateral trade for the first six months of this year touching S$6.33bil (RM14.5bil). Besides Vietnam, Singapore has had similar partnerships with China since 1993 and Indonesia from 1990 through the Riau Development Framework encompassing the islands of Batam, Bintan and Karimun.

Earlier this year, Malaysia and Singapore set up their own JMC covering four areas of cooperation within the mammoth Iskandar Development Region (IDR), namely environment, tourism, immigration clearance and transport links.

The IDR was launched in November last year with much pomp with the Iskandar Region Development Authority (IRDA), South Johor Investment Corporation (SJIC), Nusajaya and Danga Bay as the pioneers of the project.

Despite many trade visits organised by many parties, including the Malaysian High Commission in Singapore, to lure Singaporean investors, the announcements have not been “attention-grabbing.”

This changed a little just before the country celebrated its 50th anniversary of Independence when investors from West Asia inked a deal to invest US$1.2bil (RM4.1bil) in the IDR.

While Real Estate and Housing Developers Association of Johor chairman Steven Shun and Small and Medium Enterprises Association of South Johor president Teh Kee Sim welcomed the announcement, Shun agrees that more such projects are needed to keep the momentum going.

Now that a mega project has been announced, IRDA – the one stop agency to cut bureaucratic red tape for the project – must be at the forefront by giving out speedy approvals.

Both the IRDA and SJIC websites should emulate that of Singapore’s Economic Development Board , which even contains photographs of its investment consultants so that investors will know the persons they will be dealing with in more than a dozen offices around the world.

Investment forms must also be readily available online to enable investors to download and prepare the necessary documentation to be eligible for the many incentives offered in the IDR.

These agencies should also employ qualified consultants who can act as frontliners able to handle the shrewdest of investors, in any language, during presentations and discussions.

Malaysia cannot just rely on funds from West Asia, but should also find ways to entice investments from across the causeway. Although Singapore has emerged as one of Asia's most aggressive investors in the last 10 years, it was only the fifth-largest investor in Malaysia last year.

Many of the projects implemented in the IDR by Middle-East investors will also serve our 4.6 million Singaporean neighbours.

One way of keeping our neighbours updated with the latest developments in the IDR is for Government officials including politicians to personally attend trade seminars across the causeway.

This years’ Business Opportunities in Malaysia seminar in Singapore on Aug 28 noted a record 992 Singaporean businessmen among the 1,224 participants.

The Chief Ministers of Penang and Malacca were actively selling their states, asking Singaporeans to buy a multi-million ringgit golf course or even drive up for durians.

The investment group from Penang even booked a special room and invited potential investors to drop by and have one-to-one discussions.

The businessmen raised many issues during the seminar including the crime situation in Johor, slow police investigation of cases, movement of lorries and mobility into the IDR, legal delays in commercial disputes, pollution and environment controls, the Port Klang Free Zone, and the Free Trade Agreement talks between Malaysia and the United States.

The presence of Johor Mentri Besar Datuk Abdul Ghani Othman at the event would have assured investors that the Johor government is fully behind the project as Ghani is co-chairman of the IDR with Prime Minister Abdullah Ahmad Badawi.

However, the Mentri Besar was unable to make it as he had to accompany the Johor Sultan to the launch of Pusat Islam Iskandar Johor and had to welcome AirAsia's inaugural flight from Macau to Senai.

The Mentri Besar is now in China with a group of about 80 businessmen, politicians and government servants to entice Chinese businessmen to invest in the IDR.

Although each of the four pioneer players (Danga Bay, Nusajaya, SJIC and IRDA) have their own way of doing business in the IDR, there should be cooperation to jointly promote and market the IDR as a package and not just confine themselves to their particular sector.

This mammoth project is expected to put Johor on the world map. A comprehensive marketing plan should be in place as would-be investors have plenty of alternatives to invest their money in.
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Old September 12th, 2007, 07:07 AM   #127
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Quote:
Originally Posted by nazrey View Post




Mammoth project: File photo of (from left) Abdullah, Johor Sultan Iskandar
Ibni Almarhum Sultan Ismail, Johor Tunku Besar Zabedah Tunku Iskandar and
Johor Baru Datuk Bandar Datuk Mohd Naim Nasir looking over the Nusajaya
model at the launch of the Iskandar Development Region at Danga Bay,
Johor Baru, on Nov 4.
Tak de JB forumer ke? Datang taken pix!!!
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Old September 12th, 2007, 07:31 AM   #128
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Johor forumers are tired with the high crime rates they have to face daily, so no time to take photos.
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Old September 13th, 2007, 06:12 AM   #129
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How is the JB Monorail? No News at all! Sighing~
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Old September 14th, 2007, 03:07 PM   #130
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How is the JB Monorail? No News at all! Sighing~
......................................................what do you think???
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Old September 21st, 2007, 05:07 AM   #131
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Grab IDR opportunities, traders told
Friday September 21, 2007
TheStar


MUAR: Chinese businessmen in Johor have been urged to grab business opportunities in the Iskandar Development Region (IDR) in South Johor.

State International Trade and Industry Committee chairman Tan Kok Hong said the region, now being developed, offered vast business opportunities.

He said Chinese associations and chambers of commerce should relay related information to small-time businessmen in the state.

“The new growth region has begun to attract foreign investors to south Johor and locals, regardless of race, should enjoy the new growth.

“The state government wants every race to participate in the region’s development plans and benefit from the new economic growth,” he told reporters after opening a trade exhibition here yesterday.

Tan said traders in remote areas of the state could also be involved in the IDR which had attracted investments totalling RM4.1bil from West Asian countries.

He urged local businessmen to use the opportunities to market their products to Arab countries and have the confidence to further develop their business ventures.
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Old September 25th, 2007, 11:27 AM   #132
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DUbai World Coming!!

RM16b maritime venture


September 25 2007



INFRASTRUCTURE group MMC Corp Bhd has teamed up with Dubai World to jointly develop a RM16 billion maritime centre in south Johor.
The two companies signed a memorandum of understanding (MOU) yesterday to explore areas of common interest with a view to jointly develop areas in south Johor, including MMC's landbank of 913 hectares at Tanjung Bin which has been earmarked for industrial development.


In a statement issued yesterday, MMC said the cooperation will focus on developing a maritime centre master plan that will comprise oil terminal activities, drydocks, a shipyard, conventional cargo handling facilities, logistic parks and property development.


It said the proposed development has drawn considerable interest from foreign investors with potential investments totalling RM16 billion.


Of this total, RM9 billion will be used to set up a petroleum and maritime industrial zone and the remaining RM7 billion for its ports and logistics, drydocks, shipyard and associated property development.


The development of these projects is envisaged to begin during the later part of this year and these projects are expected to become operational in the second half of 2010.


"This master plan will further develop the hinterland in south Johor and is expected to benefit MMC's subsidiaries, Pelabuhan Tanjung Pelepas Sdn Bhd and Johor Port Bhd, as investments increase in south Johor," MMC group chief executive Feizal Ali said in the statement.


"Our partnership with Dubai World brings together a tremendous amount of expertise and experience to the development and underscores the interest of international investors in this project," he added.


"We see a bright future for this exciting multi-faceted development.


"An integrated maritime centre will improve efficiency and allow those involved in the many businesses associated with the maritime industry to make the most of the opportunities within the region as well as in Malaysia's vibrant and rapidly growing economy," Dubai World chairman Sultan Ahmed Bin Sulayem said.


"This MOU is part of our efforts to diversify the investment portfolio of Dubai World in keeping with its development goals.


"It is another milestone in our expansion strategy in the rapidly growing Asia Pacific region," said Dubai World director Jamal Majid Thaniah.


Dubai World is a Dubai government decree entity that has been the growth engine for the United Arab Emirates.


The company has over 50,000 employees in more than 100 locations.
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Old September 29th, 2007, 03:26 PM   #133
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- edit
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Old October 1st, 2007, 05:11 AM   #134
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Malaysia's Khazanah, Disney in talks on theme park - report
Sunday, September 30, 2007; Posted: 05:59 AM

KUALA LUMPUR, Sep 30, 2007 (Thomson Financial via COMTEX) Walt Disney Co is holding talks with Malaysia's investment arm Khazanah Nasional about developing a theme park in southern Johor state facing Singapore, a business paper reported Sunday.

The Edge, a business weekly, said Walt Disney officials met officials from Khazanah last week on developing a park in the Iskandar Development Region.

"They (Walt Disney) met Khazanah managing director Azman Mokhtar and had discussions with other top Khazanah executives," it said.

But it said Khazanah was also in negotiations with other theme park players including Warner Brothers.

The Edge said Khazanah would make a decision on its choice of partner by year's end.

The report comes amid ongoing construction work on the Universal Studios theme park in Singapore.

Muslim-majority Malaysia has embarked on an ambitious development plan to spread growth and jobs in Johor state, and has been keen to attract investment from the Middle East.

Prime Minister Abdullah Ahmad Badawi hopes to attract 50 billion ringgit to the Iskandar Development Region over five years.
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Old October 1st, 2007, 07:39 AM   #135
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Does Warner Bros mean a potential Six Flags theme park?

Wow. Go for this one man!!!
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Old October 1st, 2007, 09:49 AM   #136
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Can't we have both, Disney and six flags?
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Old October 1st, 2007, 10:55 AM   #137
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Can't we have both, Disney and six flags?
Possible. But not at the same location. Nusajaya masterplan only call for one major themepark, and another small secondary park. Either one of these parks can't really be the secondary park.
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Old October 1st, 2007, 11:22 AM   #138
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Out of curiosity I check on wikipedia what is Six Flags haha. Sorry if i'm ignorant, never thought they're the biggest theme parks operator in the world.

However, Time Warner has sold Six Flags in 1997, in other words, Warner Bros and Six Flags are not related anymore. I hope Six Flags, Warner Bros, Walt Disney, Disney Tokyo, Cedar Fair are the parties in talks with Khazanah.
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Old October 1st, 2007, 11:36 AM   #139
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Hope the talks materialize into something real this time. I thought they already had discussions to build some theme park when all the rumors started about disney followed by denials. Hope they will announce something concrete in December.

It will be cool if we have multiple world class theme parks all over Malaysia.
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Old October 1st, 2007, 12:06 PM   #140
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Hope the talks materialize into something real this time. I thought they already had discussions to build some theme park when all the rumors started about disney followed by denials. Hope they will announce something concrete in December.

It will be cool if we have multiple world class theme parks all over Malaysia.
This will be a good news for Malaysia if world class theme parks come to Malaysia. I feel that Malaysia is falling behind Singapore now even before the two IRs there are opened in 2 years' time.
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