THE NORTHERN CORRIDOR ECONOMIC REGION - The powerhouse of Malaysia's North!

Lastresorter · April 4th, 2007, 08:43 PM

Rabobank sees potential in Northern Corridor
By Hamisah Hamid
hamisahhamid@nstp.com

April 2 2007

RABOBANK International, the world's leading financier in the food and agribusiness sector, wants to be actively involved in the development of Malaysia's Northern Corridor Economic Region.

Rabobank food and agribusiness head of strategic advisory and research for South-East Asia Thomas Lee Bauer said the bank is studying how it can participate in the project.

"There is a huge role that Rabobank can play. The bank fits perfectly into it," he told Business Times in an interview.

Proposed under the Ninth Malaysia Plan (9MP: 2006-2010), the Northern Corridor covers the agricultural areas of Penang, Seberang Prai, North Perak, Kedah and Perlis.

Government-owned Synergy Drive Sdn Bhd has been tasked to accelerate development in the Northern Corridor, which is envisaged to be a hub for food and agricultural products.

He said the strength of the Netherlands-based Rabobank lies in its agribusiness experts worldwide.

The century-old Rabobank has "AAA" credit ratings from Standard & Poor's and "AAA" from Moody's, making it the only privately-owned bank in the world to achieve the status.

Rabobank launched Rabobank Nederland Labuan in Labuan in March 2005, while its marketing office in Kuala Lumpur was opened in December 2005.

In Malaysia, the Dutch farmers' cooperative bank offers basic interest swap, corporate lending, term loans, structured trade finance, foreign exchange, risk management, merger and acquisition, as well as food and agribusiness advisory services.

On whether Rabobank plans to establish a local retail banking , Bauer said: "Rabobank is currently not doing that, but we never know. Never say never."

He said Rabobank is bullish about Malaysia's economy and its agribusiness, which is supported by the right investment climate and the Government's emphasis on agribusiness.

For niche halal sector, for example, Bauer said Rabobank can help players to brand their products so that Malaysian halal products fetch premium prices.

"We can increase the profit margin for halal food producers. There is market for higher-end halal products. The key is to open up the right market," he said, adding that other potential areas include beef and dairy sector.

In the palm oil sector, Bauer said Rabobank would concentrate on value-added products.

"Biodiesel is a big growth area. There is a lot more to be done on external marketing in this area," he said, adding that companies from Europe are looking at feedstock from Malaysia for their biofuel projects.

Lastresorter · April 4th, 2007, 08:54 PM

The government, in its efforts to reduce the imbalance in the economic growth in the country, has identified three corridors for development.

The Northern Corridor, comprising the Kedah, Perlis, Seberang Perai and Northern Perak will be the focus for commercial agriculture and the development of the agro-based and high technology industries. The development in the Northern Corridor will be led by Sime Darby Bhd, a government-linked company, which is expected to invest in several new projects, including developing a growth cluster in commercial agriculture, high technology industry and tourism.

In addition, to enhance the State of Perlis as a viable investment location, the Government has designated that investments in Perlis be eligible for the higher incentives as provided for projects located in the Eastern Corridor of Penisular Malaysia, Sabah and Sarawak.

For the Eastern Corridor, which covers Kelantan, Trengganu, Pahang and Mersing in Johor, priority will be given to implement more projects that will generate greater economic activities. Petronas is expected to lead the development of downstream activities in the petrochemicals, handicrafts and tourism industries.

For Sabah and Sarawak, infrastructure for the states will be upgraded and palm oil-based clusters will be developed among others.

The Southern Johor Economic Region (SJER) earmarked to be developed into a world-class metropolis, will be spearheaded by Khazanah Nasional. A sum of RM2.3 billion has been allocated, mainly for infrastructure development. An RM200 million Strategic Investment Fund will be set up to invest jointly with the private sector, in new industry clusters including education and healthcare.

~ Adapted from the PM's Budget speech

adzmierz_azizan · November 13th, 2007, 05:56 AM

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skyscraperboy · November 13th, 2007, 01:55 PM

Wow, thanks adzmierz_azizan 4 the information.

brain_failure · November 13th, 2007, 03:59 PM

Quote:

Originally Posted by adzmierz_azizan

to see anew projects in kulim & SP can visit this website
kulim
www.mulpha.com.my desa aman
www.newbob.com.my
www.belleview.com.my Kulim technocity
www.kulimsquare.com.my kulim square
www.airmas.com.my
www.khtp.com.my kulim perdana

SP
www.eupe.com.my sri aora
www.kejora.com.my Bandar aman jaya
www.blm.com.my Bandar laguna merbok
www.plenitude.com.my Bandar Perdana
www.spkb.net ambangan Heights
www.darulamanrealty.com.my Darulaman perdana
www.pjdprop.com.my Bandar Puteri Jaya & Puteri hill park
www.emico.com.my Bandar mutiara
www.asiatic.com.my Permaipura
www.hunzagroup.com.my bkt Bayu

errrrr, wat bout AS?

April 4th, 2007, 08:43 PM	#1
Lastresorter Mi I.Ali - Loca Stoopa Join Date: Nov 2004 Location: Malaysia untuk Orang Malaysia Posts: 1,559 Likes (Received): 0	THE NORTHERN CORRIDOR ECONOMIC REGION - The powerhouse of Malaysia's North! Rabobank sees potential in Northern Corridor By Hamisah Hamid hamisahhamid@nstp.com April 2 2007 RABOBANK International, the world's leading financier in the food and agribusiness sector, wants to be actively involved in the development of Malaysia's Northern Corridor Economic Region. Rabobank food and agribusiness head of strategic advisory and research for South-East Asia Thomas Lee Bauer said the bank is studying how it can participate in the project. "There is a huge role that Rabobank can play. The bank fits perfectly into it," he told Business Times in an interview. Proposed under the Ninth Malaysia Plan (9MP: 2006-2010), the Northern Corridor covers the agricultural areas of Penang, Seberang Prai, North Perak, Kedah and Perlis. Government-owned Synergy Drive Sdn Bhd has been tasked to accelerate development in the Northern Corridor, which is envisaged to be a hub for food and agricultural products. He said the strength of the Netherlands-based Rabobank lies in its agribusiness experts worldwide. The century-old Rabobank has "AAA" credit ratings from Standard & Poor's and "AAA" from Moody's, making it the only privately-owned bank in the world to achieve the status. Rabobank launched Rabobank Nederland Labuan in Labuan in March 2005, while its marketing office in Kuala Lumpur was opened in December 2005. In Malaysia, the Dutch farmers' cooperative bank offers basic interest swap, corporate lending, term loans, structured trade finance, foreign exchange, risk management, merger and acquisition, as well as food and agribusiness advisory services. On whether Rabobank plans to establish a local retail banking , Bauer said: "Rabobank is currently not doing that, but we never know. Never say never." He said Rabobank is bullish about Malaysia's economy and its agribusiness, which is supported by the right investment climate and the Government's emphasis on agribusiness. For niche halal sector, for example, Bauer said Rabobank can help players to brand their products so that Malaysian halal products fetch premium prices. "We can increase the profit margin for halal food producers. There is market for higher-end halal products. The key is to open up the right market," he said, adding that other potential areas include beef and dairy sector. In the palm oil sector, Bauer said Rabobank would concentrate on value-added products. "Biodiesel is a big growth area. There is a lot more to be done on external marketing in this area," he said, adding that companies from Europe are looking at feedstock from Malaysia for their biofuel projects. __________________ Towards A Home Where Dreams Soar. Towards A Nation of Justice and Equality. - Regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity & progress for our nation. I feel so honoured that someone put me into his "most-hated people list." He probably felt that he fit into my description in the signature. NO to Nuclear Plant in Malaysia! If you so want it, build it in Putrajaya and I'll relocate to Penang.

April 4th, 2007, 08:54 PM	#2
Lastresorter Mi I.Ali - Loca Stoopa Join Date: Nov 2004 Location: Malaysia untuk Orang Malaysia Posts: 1,559 Likes (Received): 0	The government, in its efforts to reduce the imbalance in the economic growth in the country, has identified three corridors for development. The Northern Corridor, comprising the Kedah, Perlis, Seberang Perai and Northern Perak will be the focus for commercial agriculture and the development of the agro-based and high technology industries. The development in the Northern Corridor will be led by Sime Darby Bhd, a government-linked company, which is expected to invest in several new projects, including developing a growth cluster in commercial agriculture, high technology industry and tourism. In addition, to enhance the State of Perlis as a viable investment location, the Government has designated that investments in Perlis be eligible for the higher incentives as provided for projects located in the Eastern Corridor of Penisular Malaysia, Sabah and Sarawak. For the Eastern Corridor, which covers Kelantan, Trengganu, Pahang and Mersing in Johor, priority will be given to implement more projects that will generate greater economic activities. Petronas is expected to lead the development of downstream activities in the petrochemicals, handicrafts and tourism industries. For Sabah and Sarawak, infrastructure for the states will be upgraded and palm oil-based clusters will be developed among others. The Southern Johor Economic Region (SJER) earmarked to be developed into a world-class metropolis, will be spearheaded by Khazanah Nasional. A sum of RM2.3 billion has been allocated, mainly for infrastructure development. An RM200 million Strategic Investment Fund will be set up to invest jointly with the private sector, in new industry clusters including education and healthcare. ~ Adapted from the PM's Budget speech __________________ Towards A Home Where Dreams Soar. Towards A Nation of Justice and Equality. - Regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity & progress for our nation. I feel so honoured that someone put me into his "most-hated people list." He probably felt that he fit into my description in the signature. NO to Nuclear Plant in Malaysia! If you so want it, build it in Putrajaya and I'll relocate to Penang.

November 13th, 2007, 05:56 AM	#3
adzmierz_azizan adzmierz_azizan Join Date: Oct 2007 Location: kulim Posts: 21 Likes (Received): 0	kedah new projects to see anew projects in kulim & SP can visit this website kulim www.mulpha.com.my desa aman www.newbob.com.my www.belleview.com.my Kulim technocity www.kulimsquare.com.my kulim square www.airmas.com.my www.khtp.com.my kulim perdana SP www.eupe.com.my sri aora www.kejora.com.my Bandar aman jaya www.blm.com.my Bandar laguna merbok www.plenitude.com.my Bandar Perdana www.spkb.net ambangan Heights www.darulamanrealty.com.my Darulaman perdana www.pjdprop.com.my Bandar Puteri Jaya & Puteri hill park www.emico.com.my Bandar mutiara www.asiatic.com.my Permaipura www.hunzagroup.com.my bkt Bayu

November 13th, 2007, 01:55 PM	#4
skyscraperboy Registered User Join Date: Nov 2006 Location: Beijing, China Posts: 1,007 Likes (Received): 0	Wow, thanks adzmierz_azizan 4 the information. __________________ ۞Born to be Khalifah۞

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