daily menu » rate the banner | guess the city | one on oneforums map | privacy policy (aug.2, 2013) | DMCA policy | flipboard magazine

Go Back   SkyscraperCity > Asian Forums > Forum Pencakar Langit Malaysia > Urban

Urban discussions on urbanisation, urban society, economy, infrastructure, urban events and entertainment

Reply
 
Thread Tools
Old December 23rd, 2011, 04:08 PM   #621
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Khazanah buys into Turkish hospital chain
Published: 2011/12/23
http://www.btimes.com.my/Current_New...#ixzz1hN2Xz7zX

Khazanah Nasional Bhd has made its first direct investment in a Turkish company, Acibadem Saglik Yatirimlari Holding AS (ASYH).

Khazanah's healthcare unit, Integrated Healthcare Holding (IHH), acquired a 60 per cent stake in ASYH, the 92 per cent shareholder of Acibadem Saglik Hizmetleri ve Ticaret AS.

In a statement today, IHH said Acibadem's ultimate shareholders were founder/chairman Mehmet Ali Aydınlar and funds managed by Abraaj Investment Management Ltd.

Acibadem is Turkey's leading private healthcare services provider.

It said furthermore, Bagan Lalang Ventures Sdn Bhd, a wholly-owned special purpose vehicle of Khazanah, would co-invest with IHH to acquire a 15 per cent direct stake in ASYH.

Acibadem's founder, Mehmet Ali and family would own the remaining 25 per cent of ASYH, it said.

IHH said the acquisition valued Acibadem at approximately US$1.68 billion for its entire class A and class B shares.

"The acquisition, which will be paid partly in cash and partly in the form of newly-issued IHH shares, will see Aydinlar family and Abraaj Capital emerge as shareholders of IHH," it said. -- BERNAMA
TCT THS
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote

Sponsored Links
 
Old December 23rd, 2011, 04:18 PM   #622
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Muhibbah wins RM1b Aussie job
Published: 2011/12/23
http://www.btimes.com.my/Current_New...cle/index_html

Muhibbah Engineering (M) Bhd says its 50:50 joint venture with Monadelphous Group Ltd has won a RM1.05 billion contract in Australia.

Monadelphous Muhibbah Marine JV will build approach jetty and ship berth associated with the Wiggins Island Coal Export Terminal Pty Ltd (WICET)'s project at Gladstone in Queensland.

"The MMM joint venture brings together Muhibbah's global expertise in the delivery of marine and port construction works and Monadelphous's expertise in the civil construction of large-scale projects for Australian resources customers.

"This also marks another new era for Muhibbah Group' sexpansion of marine-related business into advanced countries such as Australia," it said in a filing to Bursa Malaysia yesterday.

The job includes building offshore plant and infrastructure such as a 1.8km approach jetty and transfer tower platform, wharf, berthing and mooring dolphins, ship access platforms and jetty conveyor.

The work, which is part of stage one of the WICET project, is scheduled to start immediately and be completed by early 2014.

WICET is privately owned and funded by a group of Queensland coal exporters to build an export facility for thermal and metallurgical coal.

The new terminal will be at Golding Point, to the west of the existing RG Tanna terminal in Gladstone. It will be built in stages to match forecast coal export demand and operated by Gladstone Ports Corp.

Stage one has a contracted annual coal export capacity of 27 million tonnes. Once fully developed, the terminal will have an annual capacity of more than 80 million tonnes.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old December 29th, 2011, 04:02 PM   #623
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

UPDATE: THE WORLD TITAN
As of December 2011

Quote:
1 UNITED ARAB EMIRATES - DUBAI | Burj Khalifa | 828m | 162 fl
2 SAUDI ARABIA - MECCA | Abraj Al-Bait Endowment | 601m | 95 fl
3 TAIWAN - TAIPEI | Taipei 101 | 508m | 101 fl
4 CHINA - SHANGHAI | Shanghai World Financial Center | 492m | 101 fl
5 CHINA - HONG KONG | International Commerce Center | 484m | 108 fl
6 MALAYSIA - KUALA LUMPUR | Petronas Towers | 452m | 88 fl
7 CHINA - NANJING | Greenland Plaza | 450m | 89 fl
8 CHINA - SHENZHEN | Kingkey 100 | 442m | 100 fl
9 UNITED STATES OF AMERICA - CHICAGO | Willis Tower | 442 m
10 CHINA - GUANGZHOU | Guangzhou International Finance Center | 437.5 m
Source: www.skyscrapercity.com/
image hosted on flickr

Burj Khalifa by LafullPicture, on Flickr
image hosted on flickr

http://www.flickr.com/photos/70793525@N07/6455717571/
image hosted on flickr

http://www.flickr.com/photos/lololuan/3865124545/
image hosted on flickr

Shanghai Pudong Lujiazui Financial District by WL Chieh, on Flickr
image hosted on flickr

http://www.flickr.com/photos/deutschebank/5456047319/
image hosted on flickr

KLCC & the city that never sleeps by fr4g*st3r, on Flickr
image hosted on flickr

j56 - Nánjīng Skyline by Sotosoroto, on Flickr

image hosted on flickr

Chicago Skyline 1 by Atelier Teee, on Flickr
image hosted on flickr


Quote:
1 UNITED ARAB EMIRATES - DUBAI | Burj Khalifa | 828m | 162 fl
2 CHINA - SHENZHEN | Ping'an International Finance Centre | 648m | 115 fl | U/C
3 CHINA - SHANGHAI | Shanghai Tower | 632m | 128 fl | U/C

4 SAUDI ARABIA - MECCA | Abraj Al-Bait Endowment | 601m | 95 fl
5 CHINA - TIANJIN | Goldin Finance 117 | 597m | 117 fl | U/C
6 SOUTH KOREA - SEOUL | Lotte World Tower | 555m| 123 fl | U/C
7 UNITED STATES OF AMERICA - NEW YORK | One World Trade Center | 541m | 108 fl | U/C
8 CHINA - GUANGZHOU | The Chow Tai Fook Guangzhou | 530m | 111 fl | U/C
9 RUSSIA - MOSCOW | FederationTower | 510m | 93 fl | U/C
SOUTH KOREA - BUSAN | Lotte Town Super Tower | 510m | 107 fl | U/C

10 TAIWAN - TAIPEI | Taipei 101 | 508m | 101 fl

Source: www.skyscrapercity.com/


CHINA - SHENZHEN | Ping'an International Finance Centre | 648m | 115 fl | 307m | 1007ft | 66 fl | U/C

Quote:
Originally Posted by kanye View Post
by 冬雨

CHINA - SHANGHAI | Shanghai Tower | 632m | 128 fl | U/C
Quote:
Originally Posted by Nordschleife View Post
By me

CHINA - TIANJIN | Goldin Finance 117 | 597m | 117 fl | U/C
Quote:
Originally Posted by kanye View Post
16.12. by 我为楼狂

SOUTH KOREA - SEOUL | Lotte World Tower | 555m| 123 fl | U/C

Quote:
Originally Posted by korea2002 View Post
Today's Progress-Basement 1 floor(Main Core) rising up

UNITED STATES OF AMERICA - NEW YORK | One World Trade Center | 541m | 108 fl | U/C
Quote:
Originally Posted by thecitywalker View Post
A bunch from yesterday, December 26, 2011. These are from Jersey City.
image hosted on flickr

World Trade Center Construction and Lower Manhattan - From Jersey City by BostonCityWalk, on Flickr
CHINA - GUANGZHOU | The Chow Tai Fook Guangzhou | 530m | 111 fl | U/C

Quote:
Originally Posted by kanye View Post
13.12. by aa6633318

RUSSIA - MOSCOW | FederationTower | 510m | 93 fl | U/C

Quote:
Originally Posted by Evrasia 99911 View Post
24.9.11

SOUTH KOREA - BUSAN | Lotte Town Super Tower | 510m | 107 fl | U/C

Quote:
Originally Posted by BIFC View Post
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

Last edited by nazrey; December 29th, 2011 at 04:45 PM.
nazrey no está en línea   Reply With Quote
Old January 4th, 2012, 07:10 PM   #624
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Trade with Netherlands seen jumping to RM24.5b
Kamarul YunusPublished: 2012/01/05
http://www.btimes.com.my/Current_New...33726/Article/

TRADE between Malaysia and the Netherlands is expected to increase to e6 billion (RM24.54 billion) this year, despite concerns of global economic uncertainties and the euro debt crisis.

The Netherlands deputy ambassador to Malaysia Jan A. Soer said trade balance remains in Malaysia’s favour, with exports to the country expected to reach about e5 billion (RM20.45 billion) during the period.

“Malaysia is blessed with commodities like palm oil, petroleum and rubber, which are some of the main export items from Malaysia to the Netherlands.

“For instance, between 60 per cent and 70 per cent of Malaysia’s palm oil that was exported to Europe went through our port in Rotterdam. This was also included in the export figures from Malaysia,” he said at a briefing on the potential of Netherlands’ maritime industry here yesterday.

While noting that he has yet to obtain the official Malaysia-Netherlands trade figure for 2011, Soer indicated that Malaysia’s exports to the Netherlands in 2010 was valued at about e4.5 billion (RM18.41 billion), compared to almost e1 billion (RM4.09 billion) worth of Netherlands’ exports to Malaysia during the same period.

Official report from the Malaysia External Trade Development Corp (Matrade) indicated that total trade between the countries jumped from RM21.9 billion in 2009 to RM23.6 billion in 2010.

Malaysia’s exports to the country in 2010 was worth RM20.2 billion, as compared to RM3.4 billion worth of imports from the Netherlands to Malaysia during the period.

Malaysia’s main exports to the Netherlands include manufactured goods such as electronics and electrical products; chemicals and chemical products; agricultural goods like palm oil, saw log, sawn timber and crude rubber; and mining goods such as refined pertoleum products, tin and crude fertilised minerals.

Main imports from the Netherlands include chemical and chemical products; electronics and electrial products; machinery, appliances and parts; processed food, live animals and meat; vegetables, tools, tubers, crude fertiliser and minerals; and refined petroleum and other mining products.

According to Matrade, the Netherlands is the world’s seventh or EU’s second largest investor in Malaysia in 2010, with their investors investing some RM934.6 million for 13 projects during the year, against RM479.7 million for 21 projects in 2009.

At the briefing, the media was also given an update on the establishment of the Netherlands Maritime Institute of Technology (NMIT) and the proposed setting up of Johan Cruff Institute (JCI) Malaysia in Iskandar Malaysia, Johor.

Aimed at producing a pool of professionals in the local maritime industry, the NMIT, which started operations in May last year, offers diploma courses in maritime transport management, port management, shipping management, and maritime health, safety, security and environment management.

As for the JCI Malaysia, a definitive agreement is expected to be signed in September this year to establish JCI’s pioneering institute of sports management in Asia.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 5th, 2012, 06:59 AM   #625
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Genting unit plans US$4b New York job
Published: 2011/01/05
http://www.btimes.com.my/Current_New...cle/index_html

Genting Malaysia Bhd plans to invest at least US$4 billion to develop a convention and exhibition centre with hotel rooms and expand its casino in New York City, according to a statement to the Kuala Lumpur stock exchange. - Bloomberg
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 9th, 2012, 05:09 PM   #626
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

IMF losing confidence in Greece’s ability to reform
Monday January 9, 2012
http://biz.thestar.com.my/news/story...5&sec=business

BERLIN: The International Monetary Fund (IMF) is losing confidence in Greece’s ability to clean up its public finances and work off its mountain of debt, German magazine Der Spiegel reported.

Citing an internal IMF memo, the news weekly said the body considered Greece’s current re-adjustment programme insufficient and that new measures would have to be taken if the country was to avoid default and meet targets agreed with creditors.

The magazine said the IMF saw three options: either Athens enacted further austerity measures, private creditors wrote off more of their investments in the country’s sovereign debt, or states in the eurozone increase bailout aid.

Earlier on Saturday, an adviser to Germany’s finance minister Wolfgang Schaeuble told a Greek newspaper that a 50% writedown on Greek debt holdings, part of Greece’s debt swap deal, was not enough to put the country on a viable path.

Banks and investment funds have been negotiating with Athens for weeks on the scheme, which aims to cut Greece’s debt-to-GDP ratio from 160% to a more manageable 120% by 2020 – a key part of the country’s second, 130 billion euro bailout.

Der Spiegel, in its edition that hits news stands on Sunday, said this 120% target was now in question.

It said the IMF had strong criticism for Athens’ sluggish structural adjustment, especially regarding tax collection and state asset sales. — Reuters
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 9th, 2012, 05:22 PM   #627
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Prime Minister in South Africa on working visit
Monday January 9, 2012
http://thestar.com.my/news/story.asp...603&sec=nation

PRETORIA: Prime Minister Datuk Seri Najib Tun Razak is here for a working visit at the invitation of South African President Jacob Zuma, who also heads the African National Congress (ANC).

Najib, who was accompanied by Datin Seri Rosmah Mansor, arrived at Waterkloff Airforce Base here early yesterday morning and was greeted by Malaysian High Commissioner Kennedy Jawan.

Najib and wife were taken to the Michelangelo Hotel in Johannes*burg, where they were welcomed by other High Commission officials.

Najib, who is visiting South Africa for the first time, was among 46 national leaders who gathered in Mangaung at Bloemfontein, yesterday for the 100th anniversary celebration of the ruling ANC.

According to Jawan, Najib’s presence at the ANC’s anniversary celebration reflected Malaysia’s support for the party which had struggled to free South Africa from apartheid in 1994.

He said Najib was also expected to have a meeting with Zuma and accept courtesy calls from Kenya’s vice-president Stephen Kalonzo Musyoko and Chief Minister of the Free State Territory, South Africa, Sekgobelo Elias Magashule.

Later in a tweet, Najib congratulated badminton ace Datuk Lee Chong Wei on his win over China’s player Lin Dan at the Korean Open Superseries Event.

“Well done.

“Congratulations from my wife n I,” he said, adding that he just got the news.

Deputy Prime Minister Tan Sri Muhyiddin Yassin also conveyed his congratulatory message to Lee, saying that Malaysians should be proud of his win. — Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 11th, 2012, 09:44 AM   #628
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Taking Malaysia-Japan ties to newer heights
By Rupa Damodaran Published: 2012/01/11
http://www.btimes.com.my/Current_New...p10ab/Article/

2012 promises to bring Malaysia-Japan ties to newer heights, as both trading partners celebrate 30 years of the Look East Policy.

Japanese ambassador Shigeru Nakamura said 14,000 Malaysian students and trainees have visited his country over three decades under the auspices of the Look East Policy that was launched by former Prime Minister Tun Dr Mahathir Mohamad.

Many of them today hold important roles in various fields ranging from political, business, public service to academic.

"I hope to take this opportunity not only to look back over the 30 years but also to make this memorial year a new start to further boost Malaysia-Japan relationship to celebrate this commemorative year.

Celebrations include cultural programmes, youth exchange programmes, political and economic seminars.

Japan has lots of reasons to celebrate. After all it ranks as the top investor in Malaysia in 2011 and holds the top third spot in terms of trading partners with Malaysia.

Leaders of both countries following Prime Minister Najib Tun Razak's visit to Japan last year have also announced an enhanced partnership for a new frontier, strengthening the mutual bond.

"Although Japanese companies were greatly affected by the Great East Japan Earthquake and Tsunami and the eurozone sovereign debt crisis, Japan has continued to be a prime business partner of Malaysia regardless of these unprecedented crises."

Since the natural calamities that hit Japanese shores in March last year, Japanese companies accelerated their overseas operations and diversified production due in part to the strong yen.

"In light of these circumstances, Malaysia can be a likely candidate for Japanese companies to expand in Asean because Malaysia provides well-established infrastructure and has a geopolitical advantage for business."

Nakamura said that while Japanese companies have a presence in manufacturing, services, finance, food, it can be expanded to other sectors.

"Acceleration of liberalisation in the services and other sectors by the Malaysian Government would further boost investment. "

In 2011 two Japanese megabanks, Sumitomo-Mitsui Banking Corp (SMBC) and Mizuho Corporate Bank, began their banking operations in Malaysia.

Nakamura hopes the government will step up efforts to liberalise Customs duties and restriction on foreign investment, free trade agreement negotiations.

He also hopes for further improvement in the security situation, a solution to address the labour demand and infrastructure needs.

His outlook on bilateral ties?

"I believe there are good indications for the bilateral trade and investment environment.

"Although economic growth in Asia would moderate, Asia is forecasted to play the role of the engine of global economic growth and therefore I positively expect the development of bilateral economic relationship combined with deepening interdependence in the region."

A deep recession in both the eurozone and US would have a graver effect over Asia including Malaysia in 2012, while the strong yen is likely to hurt Japanese exports.

Japan's economy is forecast to bounce back from the outcome of the recent natural disasters since supply chains have already been rebuilt.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 15th, 2012, 08:07 AM   #629
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Poland promises vast business potential, says Matrade
Posted on January 12, 2012, Thursday
http://www.theborneopost.com/2012/01...#ixzz1jVZhyael

KUALA LUMPUR: Poland promises vast business potential and opportunities for Malaysian companies to tap in, says the Malaysia External Trade Development Corporation (Matrade).

Poland is deemed the largest new European Union (EU) member states.
Matrade’s chief executive officer (CEO) Dr Wong Lai Sum said Malaysian consumer goods manufacturers should take heed of Poland as the second most attractive retail market after Germany in Europe, the Middle East and Africa.

She said this in the CEO column of ‘Trademark’, Matrade’s bi-monthly publication for Malaysian exporters in the November and December edition.
Poland’s total imports from Malaysia touched 244.20 million euros in 2010, up from 190.20 million Euros in 2009.

Malaysia-Poland total trade amounted to 400.76 million euros in 2010, compared with 327.17 million euros in 2009.

Poland’s major exports to Malaysia had been vehicles, tools, machinery and electrical machinery products while Malaysia’s major exports to Poland included machinery, electrical machinery, rubber, palm oil, iron and steel products.

In a two-page spread in the Trademark, Matrade’s trade office in the Polish capital, Warsaw, said as the Polish market was competitive, launching a new product requires strong advertising and marketing campaigns.

“Polish representatives from foreign companies usually expect their foreign partners to participate in the costs of such promotional activities.

“One recommended way is to explore the market by means of participating in a major trade fair related to a particular economic sector,” the trade agency office said.

It said Malaysian companies could check with Matrade Warsaw on which trade fair would most suit their businesses and seek assistance in arranging for meetings with local companies.

“Malaysian contractors interested in bidding for major projects, especially those related to infrastructure development, need to be aware that all tenders in Poland are subject to the Polish public procurement rules.

“These rules are very complex and the bidders need to satisfy many formal requirements such as submission of certain certificates along with tender bids,” Matrade Warsaw added. — Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 15th, 2012, 08:31 AM   #630
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Matrade eyes Qatar’s World Cup for job opportunities
Posted on January 14, 2012, Saturday
http://www.theborneopost.com/2012/01...#ixzz1jVfkP3Q5

KUALA LUMPUR: Malaysia External Trade Development Corp (Matrade) has organised a five-day specialised marketing mission on construction and building materials to Doha, Qatar from December 18 to 22, 2011 to tap opportunities from Qatar being the host of World Cup 2022.

The delegation comprised 15 firms involved in infrastructure and property development, architectural design, mechanical and electrical works, engineering consultancy, steel structure fabrication and erection, and the supply of light-emitting diode lightings, precast concrete products as well as three financial institutions.

“The various meetings and consultations with project owners and local authorities were held during the mission to explore market opportunities,” it said in a statement yesterday.

In these meetings, Matrade said the Malaysian firms had also the opportunity to present and highlight to the project owners their capabilities and expertise in undertaking the design and construction of infrastructure and facilities for Qatar to host the World Cup 2022.

“The hosting of the World Cup 2022 by Qatar will create huge opportunities for the construction and building materials industries in terms of massive infrastructure and construction projects that will include stadiums, sports facilities, hotels, transportation system like building roads, highways, bridges, ports, railways, airports and other important developments,” it said.

In view of this, Matrade said, it would continue to undertake more promotional efforts into this market.

Matrade is the external trade promotion arm of Ministry of International Trade and Industry, among others, to promote, assist and develop Malaysia’s external trade with particular emphasis on the export of manufactured and semi-manufactured products and services. — Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 15th, 2012, 09:12 PM   #631
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

EU-Malaysia FTA will be inked by year-end, says Piket
Published: 2012/01/16
http://www.btimes.com.my/Current_New...#ixzz1jYlMkyEe

KUALA LUMPUR: The European Union (EU) is optimistic that its free trade agreement (FTA) with Malaysia will be inked by year-end, as per the timeline set by Prime Minister Datuk Seri Najib Razak, during his visit to Brussels, Belgium, in 2010.

Ambassador and Head of the Delegation of the EU to Malaysia, Vincent Piket, said the two governments must work together in all areas pertaining to the agreement, and across all economic sectors to realise the timeline.

He added that the FTA, upon enforcement, would increase Malaysia's gross domestic product by eight per cent in 2020.

"The conclusion of the FTA will be a landmark step in the fostering of bilateral trade between the two partners and deepen economic integration.

"By year-end, both governments will be setting up a joint-cooperation framework to bring the relationship to a much higher level," he told reporters after delivering a talk on, "Whither Malaysia-EU Relations: A Perspective", organised by the National Press Club here, on Friday .

Piket said an FTA could create extra growth as closing borders, reduces growth, while opening it, promotes growth.

On trade this year, he said it was on a growth trend as has been the case for the past several years, and did not expect anything to change this.

"Trade is on an uptrend. For the first nine months of 2011, it recorded a growth of between six and eight per cent, compared with the corresponding period of 2010.

"However, I cannot reveal any figures as the official data has yet to be furnished," he added.

In 2010, total trade between the EU and Malaysia stood at ?31.9 billion (RM127 billion). Exports from the EU to Malaysia were at ?11.2 billion, while Malaysia's exports to the EU stood at ?20.7 billion.

When asked about the EU's stand on the restriction imposed on Malaysian palm oil in respect of the issue of sustainability, Piket said it is likely to be resolved soon.

"This is a huge topic. The dispute is between the scientists from our member countries and the Malaysian Palm Oil Board and the Malaysian Palm Oil Council.

"However, both sides have now taken initiatives to resolve the issue. Both parties have always been in contact and have taken a clear stand that sustainability is very vital to creating biofuels," he added.

Piket disclosed that over 95 per cent of Malaysian palm oil exports to the EU did not face any restriction, other than an import duty of three per cent. Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 17th, 2012, 03:54 PM   #632
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

MNC launches ad-funded broadband in Sweden
Published: 2012/01/17
http://www.btimes.com.my/Current_New...cle/index_html

MNC Wireless Bhd, via its associate company IntJoors Sverige AB, has launched "Joors", the world's first free high-speed mobile internet service, in Sweden.

In a statement today, the Malaysia-based mobile and iternet media specialist said it designed and developed the enabling and technical platforms for this
new and exciting service, while the mobile broadband network is provided by TeliaSonera Mobile Networks AB in Sweden on a wholesale basis.

"We are extremely excited to be the world's first to offer an ad-supported mobile broadband service in one of the most advanced telecommunications markets," said its chief executive officer Chung Jaan Hao.

He added Joors is unique in that it creates a highly effective platform for digital ad targeting and interaction, while providing consumers with a very valuable commodity, mobile internet access.

Joors offers a one-of-a-kind service in the market that does away with monthly fees or lengthy contract subscription periods.

Users only need to pay a one-time start-up fee for registration to get free internet access, for normal usage, for every 30 days, at speeds of up to 10Mbps. -- Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 19th, 2012, 09:11 AM   #633
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

US$90 billion trade between China, Malaysia last year
by Chen Ai Shih, reporters@theborneopost.com. Posted on January 18, 2012, Wednesday
http://www.theborneopost.com/2012/01...sia-last-year/

THANK YOU: Yong (right) receives Chinese traditional artwork pottery from Li.

KUCHING: Deputy Works Minister Datuk Yong Khoon Seng said the trade between China and Malaysia was estimated at US$90 billion last year.

“Currently, China remains the largest trading partner to Malaysia, and Malaysia is also the largest trading partner to China within Asean.”

He said as all knows, the economy of Europe and America is in crisis and China is believed to have the potential to become the world’s largest economy in the future.

“Therefore, I call upon our local business sectors to grab the opportunities ahead. Be united and expand their market and financial strengths so as to tap the huge market,” Yong said at the Lunar New Year reception of the Consulate-General of the People’s Republic of China here on Monday.

He said the diplomatic relationship between the two countries established since 1974 had endured and flourished. Malaysia’s trade with China had been growing steadily and healthily.

“Malaysia and China had maintained harmony and stability in the region and further the dynamic economic development which benefits their communities and the world at large,” said Yong who is Stampin MP.

Also present were Minister of Finance and Minister of Environment and Public Health Dato Sri Wong Soon Koh and Consul-General of the People’s Republic of China in Kuching, Li Shugang.

Li said last year was significant to Chinese people who celebrated the 100th anniversary of Xinhai Revolution, and the 90th anniversary of the founding of the Communist Party of China.

He said: “We have been through many hardship and achievements in the democratic progress, and we are looking forward to a prosperous future on the premise of remembering the historical mission that revitalises China.”

In the past year, facing complex international situation and arduous tasks in continuing domestic reforms, Chinese people of all ethnic groups had united in their undertakings.

“A stable and relatively fast economic growth has been maintained by GDP growth rate of about 9.3 per cent. We have accomplished the start of the 12th Five-Year Plan for Economic and Social Development,” he said.

Li added that many important cooperate agreements had been signed in many fields, which promoted cooperation into much higher levels and broader fields.

“In 2011, the bilateral trade volume between China and Malaysia reached US$90.035 billion, with a growth rate of 21.3 per cent,” he said.

He was deeply convinced that with joint efforts of the two governments and people, the friendly relationship between China and Malaysia would be consolidated.

“The coming year is the Chinese dragon year based on Chinese culture. It means a great deal for global Chinese. The Chinese dragon brings power, luck and success,” said Li.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 26th, 2012, 02:23 AM   #634
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Malaysia's ties with S. Africa start on good footing
By Rupa Damodaran Published: 2012/01/26

SOUTH Africa, which is Malaysia's largest trading partner in Africa, makes a "flying" start to boost bilateral ties in 2012.

Thanks to Prime Minister Datuk Najib Razak's visit in the beginning of the year, albeit brief, the vistas for trade and investment opportunities are expected to broaden.

But the rates can be improved over the next decade based on the 15 per cent two-way annual growth rate for the past decade, said South African High Commissioner Thami Mseleku.

"As Malaysia's largest trading partner on the African continent, South Africa continues to offer the best investment destination for Malaysian business," he said.

READ MORE: http://www.btimes.com.my/Current_New...p25ab/Article/
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 26th, 2012, 02:27 AM   #635
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Quote:
Originally Posted by nazrey View Post
Khazanah buys into Turkish hospital chain
Published: 2011/12/23
http://www.btimes.com.my/Current_New...#ixzz1hN2Xz7zX

Khazanah Nasional Bhd has made its first direct investment in a Turkish company, Acibadem Saglik Yatirimlari Holding AS (ASYH).

Khazanah's healthcare unit, Integrated Healthcare Holding (IHH), acquired a 60 per cent stake in ASYH, the 92 per cent shareholder of Acibadem Saglik Hizmetleri ve Ticaret AS.

In a statement today, IHH said Acibadem's ultimate shareholders were founder/chairman Mehmet Ali Aydınlar and funds managed by Abraaj Investment Management Ltd.

Acibadem is Turkey's leading private healthcare services provider.

It said furthermore, Bagan Lalang Ventures Sdn Bhd, a wholly-owned special purpose vehicle of Khazanah, would co-invest with IHH to acquire a 15 per cent direct stake in ASYH.

Acibadem's founder, Mehmet Ali and family would own the remaining 25 per cent of ASYH, it said.

IHH said the acquisition valued Acibadem at approximately US$1.68 billion for its entire class A and class B shares.

"The acquisition, which will be paid partly in cash and partly in the form of newly-issued IHH shares, will see Aydinlar family and Abraaj Capital emerge as shareholders of IHH," it said. -- BERNAMA
TCT THS
Khazanah eyes US$3b Int Healthcare listing
Published: 2012/01/26
http://www.btimes.com.my/Current_New...cle/index_html

Quote:
It is understood that Khazanah had set the second half of the year as the deadline for IHH’s initial public offering.
KHAZANAH Nasional Bhd, the government’s investment arm, is
looking at raising more than US$3 billion (RM9.24 billion) from the planned listing of its healthcare subsidiary, Integrated Healthcare Holdings Sdn Bhd (IHH).

Business Times also understands that Khazanah had set the second half of the year as the deadline for IHH’s initial public offering (IPO).

The group has appointed several parties to advise and handle the IPO.

At a press conference here yesterday, Khazanah managing director Tan Sri Azman Mokhtar declined to reveal details of the IPO.

However, he said it is Khazanah’s goal to see IHH listed in 2012.

In April last year, Azman reportedly said that IHH would be listed within three years in Singapore or Kuala Lumpur, or possibly via a dual listing on Bursa Malaysia and the Singapore Stock Exchange.

At more than US$3 billion, IHH’s IPO will be Malaysia’s biggest since Petronas Chemicals Bhd’s listing in November 2010 which raised US$4.1 billion (RM12.6 billion).

Meanwhile, Azman said Khazanah will consult its new Turkish partners to help in the IHH listing. They are Acibadem Group founder Mehmet Ali Aydinlar and private equity fund Abraaj Capital. They own 4.2 per cent and 7.1per cent stakes, respectively, in IHH, after selling their shares in Acibadem Saglik Yatirimlari Holding A.S. (ASYH) to Khazanah and IHH.

The listed IHH will have assets of Singapore’s Parkway Holdings Ltd, Pantai Hospitals and the International Medical University in Malaysia.

The IPO will also include ASYH. The listing of IHH will be in line with the Malaysian government’s interest in pushing state entities to divest commercial holdings to attract foreign investors and boost stock market liquidity.

“The company will put out the relevant documents in due course,” Azman said.

Analysts who spoke to Business Times said the timing is right for IHH’s listing since Khazanah has added a new chapter to its healthcare portfolio by buying into ASYH.

Khazanah owns a 75 per cent direct and indirect stake in ASYH, a Turkish hospital chain that operates 14 hospitals and nine outpatient centres in Turkey.

It paid RM3.7 billion for the deal by way of cash and shares.

Azman said Khazanah is aiming for IHH to be the world’s largest healthcare service provider.

Currently, it is among the world’s largest healthcare groups.

IHH also owns a stake in India’s Apollo Hospitals Enterprise Ltd.

On whether Khazanah was eyeing a stake in India’s Sterling Hospital group, Azman declined to comment.

Khazanah has spent US$3.7 billion (RM11.4 billion) on acquisitions of healthcare service providers since 2005, according to Bloomberg data.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 26th, 2012, 09:20 AM   #636
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Malaysia’s own Cardiff City in Wembley final
Posted on 25 January 2012 - 08:50pm
http://www.thesundaily.my/news/276432



CARDIFF (Jan 25, 2012): Cardiff City Football Club battled through to the League Cup final yesterday, overcoming a first leg deficit to defeat Championship rivals Crystal Palace on penalties.

Palace, who had captain Patrick McCarthy sent off late in the game, had withstood wave after wave of Cardiff pressure to take the match to a penalty shoot-out after the tie finished 1-1 on aggregate.

But the Eagles' nerves failed them in the shoot-out, with Jermaine Easter, Sean Scannell and Jonathan Parr all missing from the spot as Cardiff booked a place in the final against either Liverpool or Manchester City.

Cardiff clinched victory when Parr's penalty flew high and wide to spark wild celebrations amongst the Bluebirds fans, which included owner Tan Sri Vincent Tan and chairman Datuk Chan Tien Ghee.

Malaysian businessman Tan bought Cardiff City FC in 2010 and this season proudly put the words "Malaysia" on the jerseys as a way of promoting Malaysia to the world.

Although funding for the jersey sponsorship has come from the Berjaya Group chairman's own pocket, Malaysia as a whole will benefit from the estimated 800 million television viewers that will watch the final live on Feb 26.

The semifinal had gone to spot-kicks after Anthony Gardner – the goal hero for Palace in the first leg – scored an own goal after only seven minutes to give Cardiff the initiative in a frenetic opening spell.

Gardner could only watch in horror after he got on the end of a Craig Conway cross to head past stranded keeper Julian Speroni into his own net.

Cardiff dominated for much of the match, carving out a string of opportunities to take the lead but unable to find the killer touch in front of goal as Palace clung on.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 27th, 2012, 02:19 PM   #637
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Malaysia-India trade to hit US$15b in 2012
Published: 2012/01/26
http://www.btimes.com.my/Current_New...cle/index_html

KUALA LUMPUR: Malaysia-India bilateral trade has bright prospects to hit US$15 billion this year, Indian High Commissioner to Malaysia Vijay K. Gokhale said today.

He said movement of goods and services between the two countries registered a record US$12 billion last year. (US$1=RM3.05).

Total trade between Kuala Lumpur and New Delhi in 2010 was US$7.1 billion.

With the full implementation of the India-Malaysia Comprehensive Economic Cooperation Agreement (CECA), it would be relatively easy to attain the US$15 billion target in total trade this year, he said.

Gokhale, however, said the global economic climate must remain stable and continue growing to realise the two-way trade goal, initially slated to be achieved in 2015 under the CECA.

"Malaysia's and India's economy are poised for growth. Despite the economic slowdown last year, India was regarded as one of the top five fastest-growing export destinations for Malaysia.

"Exports from Malaysia recorded about US$7.5 billion, a 33 per cent jump from 2010," he told BERNAMA on the sidelines of the flag-raising ceremony at the Indian High Commission here to mark India's 63rd Republic Day celebrations.

Gokhale said although movement of goods and services was still in Malaysia's favour, India's exports also grew last year.

This year Malaysia can expect more investments from India as many major corporations have declared interest, through the high commission, to establish business bases in Malaysia.

"The enabling framework through the free trade agreement gives a lot of provisions and new facilities to facilitate fresh investments.

"Last year, there were new investments, which came in from Biocon Ltd, India's top-listed biotechnology company, and Manipal University, which will set up its branch in Negeri Sembilan.

"Not only Indian companies, Malaysian companies too will continue to acquire business opportunities in India," he said.

Gokhale said this year would be full with follow-up agendas of the initiatives mooted through the official visits by India's Foreign Minister S.M.Krishna to Malaysia and Deputy Prime Minister Tan Sri Muhyiddin Yassin to India.

He also said tourists flying in from India to Malaysia are also expected to increase this year from some 700,000 visitors last year.

"Certainly, Malaysian tourists to India will also grow," he added. - Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 31st, 2012, 03:16 PM   #638
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Malaysia, Australia to sign trade pact in May
31 January 2012 | last updated at 09:57pm
http://www.nst.com.my/latest/malaysi...#ixzz1l2sGslI6



Minister of International Trade and Industry, Malaysia, Datuk Seri Mustapa
Mohamed (left) exchanging documents with Minister for Tarde Australia
Craig Emerson. -- Pix by Nurul Shafina Jemenon.


KUALA LUMPUR: The Malaysia-Australia Free Trade Agreement (MAFTA) will be signed this May after the conclusion of the talks on the agreement, slated in March, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.

He said the much-delayed agreement, which was mooted in 2005, would be concluded this year as per aspirations of Prime Minister Datuk Seri Najib Tun Razak and his Australian counterpart, Julia Gillard, when the latter paid an official visit to Canberra.

"The challenges and issues that were the stumbling blocks in the agreement's realisation are being resolved one by one," he told reporters after the 16th Malaysia-Australia Joint Trade Committee Meeting here today.

Australian Trade Minister, Craig Emerson, co-chaired the meeting.

Mustapa said in any negotiations, there would be gaps.

"The tasks of the negotiators are to bridge the gaps and I am pleased to inform that this session here has been successful in closing the gap between the two countries.

"A number of issues were on the table, including investor dispute settlement, wine, cars, export taxes and finance.

"The commitments from both sides are to bridge the gap and we think we have done it," he said.

Meanwhile, Emerson said the trade relationship with Malaysia was vital for Australia, as it was in line with Canberra's economic initiatives, which emphasised on being close to Asian countries.

"Malaysia is one of the potential countries which we see in the region.

"This one-day session has been positive in taking a step closer to the conclusion of the MAFTA talks, as the session is merely to solve problems.

"It is a good opportunity to understand each other's perspectives and share thoughts for better understanding prior to the proposed agreement," he said.

The MAFTA talks, which were earlier slated to be concluded in 2007, were delayed due to certain sensitive issues.

Over the last few years, Malaysia concluded bilateral free trade agreements (FTAs) with Japan, Pakistan, Chile, New Zealand and India and signed regional FTAs with China, Japan, South Korea, India and Australia/New Zealand.

Currently, 61 per cent of Malaysia's total trade was with FTA partners. -- BERNAMA
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old February 8th, 2012, 06:14 AM   #639
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

Felda increases presence in North America
By KAMARUL YUNUSPublished: 2012/02/08
http://www.btimes.com.my/Current_New...#ixzz1llRrdBEI



OVERSEAS VENTURE: Unit partners New York-based Bunge for crushing and refining activities in Canada

FELDA Global Venture Holdings Sdn Bhd (FGVH) has made another milestone in spreading its oilseed crushing and refining business in North America by forming a strategic partnership with
Bunge Ltd, a leading global agribusiness and food company.

On December 12, New Yorkbased Bunge, through its North American unit, announced that it has formed a joint venture with the Canadian arm of FGVH, Twin Rivers Technologies-Enterprises
de Transformation Graines Oleagineuses du Qubec (TRT-ETGO), to combine commercial activities related to crushing and refining operations of their plants in Canada.

The joint venture, Bunge ETGO L.P, will handle the buying of oilseeds and selling of products for their crushers at Bunge’s Hamilton, Ontario plant and TRT-ETGO’s plant in Becancour, Quebec.

Bunge country manager in Canada, Rick Watson,said the joint venture creates an organisation that can more effectively serve the growing demand for canola and soy bean meal and oil in
the domestic and export markets.

“Managing the commercial aspects of both facilities as a single company provides a number of efficiencies, reducing the overall cost of running both facilities,” he said in a statement made available to Business Times.

According to the statement, the combined crush capacity of Bunge ETGO is two million tonnes per year and both plants are able to crush either canola seed or soyabeans.

While Bunge and TRT-ETGO will continue to own and operate
their respective facilities, the joint venture will be responsible for all commercial aspects of the business including oil seed procurement, product sales and risk management.

TRT-ETGO acting chief executive officer Wira Adam said the company is excited about the prospect of working with Bunge.

“Bunge will honour all open contracts and the new commercial team is looking forward to providing new marketing opportunities for customers.

"While the new commercial team includes employees from both companies, TRT-ETGO will be closing its trading office in Montreal and relocating a few employees to Becancour or the joint venture's office in Oakville, Ontario," he said.

However, financial terms of the transaction were not disclosed.

A news wire reported last Tuesday that Felda, the state-run plantation operator, is discussing a strategic alliance with five global trading houses, including Bunge, Archer Daniels Midlands Co and Cargill Ltd.

Quoting sources, the report said the strategic tie-up, likely to be in February, is expected to shore up investor interest ahead of Felda's US$2 billion (RM6 billion) listing of agribusiness arm Felda Global by mid-2012, turning it into a trading powerhouse dealing in palm oil and rubber.

Felda, which accounts for 8 per cent of global palm oil output, is keen to tap that growing interest as it seeks to widen market access and monetise its assets.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old February 12th, 2012, 01:35 AM   #640
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 78,930
Likes (Received): 2086

US investment flows to M’sia expected to rise
Posted on February 10, 2012, Friday
http://www.theborneopost.com/2012/02...ected-to-rise/



INCREASING INVESTMENTS: Photo shows traders at the New York Stock
Exchange. Increased investments last year are also reflected in the number
of investment applications received by the Mida headquarters until November 2011. — Reuters photo


NEW YORK: Foreign investment from the United States is expected to increase in Malaysia as the US economic recovery further strengthens, says the Malaysia Investment Development Authority (Mida).

Analysing the trends emerging from investments by the US corporate sector in 2011, Mida New York director Arham Abdul Rahman said increased investments last year were also reflected in the number of investment applications received by the Mida headquarters until November 2011.

“The level of investment between January and November 2011 surpassed the corresponding period of 2010,” Rahman said, adding that Malaysia’s attractiveness as an investment destination had been further enhanced by the result-oriented Economic Transformation Programme.

“Malaysia received good ratings by a number of institutions, including the TE Kearney Foreign Direct Investment Index, which upgraded Malaysia from 21st to 10th ranking in terms of attractiveness as an investment destination.

“The Kearney FDI index study took into account the Malaysian government’s Economic Transformation Programme,” said Arham.

Malaysia’s rating was further bolstered by the World Bank 2011 report which raised Malaysia’s ranking to 18th from 23rd in 2010.

“The Malaysian government has created an investor-friendly environment in the country and this has, apparently, impressed those compiling the rating,” he said.

Arham recalled a Price Waterhouse Cooper survey which revealed that aside from China, other countries that would see a new wave of investments were Malaysia, Indonesia and Thailand.

The US continues to be one of the top five investors in Malaysia with the other four being South Korea, Japan, Singapore and Germany.

Malaysia attracted total investments of US$14.3 billion from January to November last year against US$9.4 billion registered in 2010.

Investments from the US flowed, mainly, in the electronics and electrical products, basic metal products, transport equipment, chemicals and chemical products, fabricated metal products, food manufacturing and petroleum products (including petrochemicals).



Arham Abdul Rahman

On investment trends from the US, Arham said his personal impression was that even though the US economy had not fully recovered from the recent recession, the high unemployment that continued to plague the economy was worrisome.

“However, US companies are still expanding which augurs well for investment flow,” he said.

Arham also referred to the recent address by President Barack Obama who placed great emphasis on domestic job creation and discouraged export of jobs overseas.

Despite the initiatives by the US administration to create local jobs, he said this move would not affect US investment flows into Malaysia.

“Asia is the new growth region and US companies will continue to go there. We are also monitoring if there will be any impact of the President’s address on investment flow to Malaysia.

“Although 2011 was, generally, a good year, we are not complacent and will try to maintain that level and continue our promotion in a more aggressive manner,” he said.

Meanwhile, Mida was also working on attracting foreign direct investment in aerospace and medical devices services as they offered promising growth areas.

“We are also encouraging US companies to establish regional offices and procurement centres in Malaysia.

“We are making a pitch for Subang in Kuala Lumpur and Senai in Johor as a suitable hub for aerospace-related activities.

Melaka and Penang also have the potential to attract aerospace companies. Aerospace, a forte of the US industry, is a promising source of investment,” added the director. — Bernama
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 11:31 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu