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Old May 8th, 2011, 06:25 PM   #2301
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what a fast progress for the sky executive suite bukit indah. so there is still some hope ar for the oakwood residence...
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Old May 9th, 2011, 01:40 PM   #2302
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Iskandar laggards may gain on development’s rising profile
Written by Melody Song Monday, 09 May 2011 11:47
http://www.theedgemalaysia.com/highl...g-profile.html

KUALA LUMPUR: Excitement in the Iskandar Development Region (IDR) is stirring again, with the announcement that it too may soon see a mass rapid transit (MRT) project and a commuter train system as well as considerable news flow of strategic tie-ups and developments there.

While higher-profile possible IDR plays have seen their share price gain substantially year-to-date (YTD), such as UEM Land Holdings Bhd (up 9% YTD), Ekovest Bhd (up 56.3%) as well as players in the commuter system Malaysia Steel Works (KL) Bhd (Masteel-up 15.7%) and KUB Malaysia Bhd (up 10.5%), others like Bina Puri Holdings Bhd (down 15% YTD) and WCT Bhd (down 6%) seem to have lagged behind.

Sources have indicated that in the coming months, more new announcements involving developments in Iskandar, including a thriving central business district, are to be revealed.

Property pundits have started taking an interest in the IDR again, following the merger between UEM Land Bhd, which is the largest landowner in Nusajaya, a key component of IDR, and Sunrise Bhd in November last year, in addition to news of warmer ties between Malaysia and Singapore.

This interest is expected to be boosted by a higher profile for the IDR through a three-day event to be hosted by the Iskandar Regional Development Authority (IRDA) later this month showcasing the region to investors and the public.

In a recent note, OSK Research said it expected the recently signed 50:50 joint venture between sovereign wealth fund Khazanah Nasional and Singapore’s Temasek for the development of 167ha of land for a wellness centre in Danga Bay, Johor, to cement warming bilateral ties as well as boost confidence among Singapore investors.

Quote:
Modelled after Shenzhen

To recap, Iskandar Malaysia was launched in 2006 as one of the country’s growth corridors. Spanning a total of 221,634ha, it is about three times the size of Singapore and is said to be modelled after the special economic zone of Shenzhen to some extent, which has benefited from its proximity to Hong Kong and Macau.

By 2025, Iskandar is estimated to have a working population of about 1.35 million, or 43% of Johor’s projected population of 3.17 million, according to the official website.

In terms of investment, the region is expected to see RM382 billion flowing into the region by 2025, with manufacturing, property development and tourism earmarked as key areas of focus.

Now the country’s largest property company by market capitalisation on Bursa Malaysia following its merger with the reputable lifestyle developer Sunrise, UEM Land is widely regarded as one of the key beneficiaries of Iskandar.

According to OSK Research, UEM Land’s Nusajaya landbank spans 8,027ha, making it one of the largest property developments in Southeast Asia, with four signature developments within — Kota Iskandar, the Southern Industrial and Logistics Clusters (SILC), Puteri Harbour Waterfront Development, Afiat Healthpark, and Nusajaya Residences.

With 1,940ha still undeveloped within the Nusajaya area, it is understood that UEM Land is looking at tie-ups with other local developers as its strategy for the future.

Since the acquisition of Sunrise, analysts and fund managers have touted UEM Land as one of their top picks this year, as the company is expected to embark on a new strategy to develop its landbank.

UEM Land, which ended at RM2.66 last Friday has risen 9% YTD and doubled over the last year. It hit a 12-month high of RM3.40 on Jan 13 this year.

Analysts expect the company to benefit from Sunrise’s strong branding and near-term earnings, as well as the expertise of Sunrise chairman Datuk Tong Kooi Ong in helping plan the development.

Tong is the chairman of The Edge Communications Sdn Bhd, which publishes The Edge and The Edge Financial Daily.

Another property stock that may be poised to benefit from Iskandar Malaysia is Ekovest, which sources had previously said could see the injection of its 150ha Danga Bay project into the company. Danga Bay Sdn Bhd and Ekovest see a common shareholder in Datuk Lim Kang Hoo.

However, the company, which also undertakes construction and is poised to benefit from the Kuala Lumpur River of Life project to rehabilitate the Klang River, is not under the coverage of any research house. Its trading volume, which was heavier at the start of the year, has since petered out somewhat.

Ekovest shares have been the best performer among the Iskandar Malaysia plays this year, gaining 56.3% YTD to RM3.11. As at Dec 31, 2010, its net assets per share stood at RM1.94.

Another counter that has significant exposure in the region is low-profile state-owned company Tebrau Teguh Bhd, one of the largest landowners in the Johor Bahru city centre. YTD, it has only gained 1.4 sen, closing at 75 sen last Friday.

According to its 2009 annual report, Kumpulan Prasarana Rakyat Johor Sdn Bhd owned 41.15% equity interest in Tebrau Teguh as at April 27, 2010.

Other property players with some exposure in Iskandar Malaysia include Dijaya Corp Bhd and Malaysia Pacific Corp Bhd (MPC).

Dijaya, which is synonymous with the development of the Tropicana Golf and Country Resort and Tropicana City Mall in Petaling Jaya, made its first foray into Johor last August.

It acquired 12.5ha of prime land in Danga Bay, in a joint venture with Iskandar Water Front Sdn Bhd, for RM308.5 million. The land, which was bought for RM190 psf, will be developed into an integrated commercial, residential and hotel project with a gross development value of RM3.8 billion over 12 years.

Low-profile MPC, which was in the spotlight recently when it made a bid for Pos Malaysia Bhd, has a total of 213ha in Iskandar Johor. Its two main projects are LakeHill Resort City and APTEC City.

While Dijaya has climbed about 9.7% YTD to end at RM1.13 last Friday, MPC has lost 3.5% YTD to 41 sen. It is worth noting that both stocks are trading below well their book value.

As at Dec 31, 2010, Dijaya and MPC’s net assets per share stood at RM1.98 and RM1.23 respectively.

As the second largest private landbank owner in Iskandar according to reports, MMC Corp Bhd is also expected to benefit.

It has 1,437ha of land there, with its Tanjung Bin land spanning 528ha and the designated free-trade zone area in Senai covering 909ha.MMC ended trading at RM2.74 last Friday, shedding 1.4% YTD.

Contractor WCT, which has lost 6% YTD to end trading at RM3, is undertaking a high-rise development in Iskandar.

It recently launched its 1 Medini residence with about RM200 million sales in the bag. The project, comprising 1,332 condominium units and a 68,800-sq ft commercial area, is expected to be completed in 2015, according to reports.

Another construction player and property developer in Iskandar, Bina Puri, has lost 15% YTD, ending trade last week at RM1.19.

Bina Puri last year signed an agreement with Iskandar Investment Bhd’s subsidiary Medini Land Sdn Bhd to develop 1.05 million sq ft within Medini for a mixed-use urban development, the first phase of which is expected to be completed by mid-2011.

Infrastructure players are not likely to miss out. At the recent Invest Malaysia 2011 forum, IRDA’s chief executive announced a plan to build a 500km MRT project.

The construction and infrastructure-related players slated to benefit from Iskandar Malaysia are Masteel and KUB, which earlier this year proposed a rail transit system in Iskandar worth an estimated RM1.23 billion.

Apart from the rail transit system, Masteel’s shares have also gained as investors started to appreciate its undemanding valuations and exposure to higher infrastructure spending under the 10th Malaysia Plan.

Another counter touted as a favourite to secure some jobs is Johor-based Kimlun Corp Bhd, which has gained 12.2% YTD to end last week’s trading at RM1.75. OSK Research and Kenanga Research like the stock due to its standing in the southern state, as well as its track record in supplying reliable pre-cast concrete products.

Sunway Holdings Bhd, which in March this year secured a RM258 million contract to build part of the Legoland Theme Park in Johor, may also be poised to benefit.

Sunway, which is to be merged with Sunway City (SunCity) Bhd has gained 5.8% YTD. It ended trade at RM2.37 last Friday.

IRDA has said that it expects 2012 to be the year where Iskandar really takes off.

With so many counters with a foothold there still under the radar, investors might do well to keep a close eye on any new developments that may be announced in the coming months.
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Old May 10th, 2011, 12:20 PM   #2303
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FDIs into Malaysia from Singapore to drop?
By June Ramlee
Published: 2011/05/10

Foreign direct investments into Iskandar Malaysia and job opportunities for Malaysians could be affected by last week's Singapore general election outcome, says Provectus


Kuala Lumpur: The outcome of the recent general election in Singapore could spell the end of many Malaysians landing good-paying jobs there and worse, put a dent on foreign direct investments (FDIs) in top notch projects here such as Iskandar Malaysia, an industry observer said.

Provectus managing principal Sreedhara Naidu said the election, which saw the People's Action Party (PAP) lose 40 per cent of the votes, meant that Malaysia's dependence on Singapore's FDIs could also see a slight fall within the next three to four years as the island republic looks more inward in terms of investments.

He suggested that the government create more skilled jobs as Singapore immigration rules may be tightened, making it difficult for Malaysians to land jobs there.

"FDIs into Iskandar Malaysia and job opportunities for Malaysians, particularly in Johor, could be affected by last week's Singapore general election outcome as the Singapore cabinet addresses key election issues that lost them 40 per cent of popular votes.

"With only 60 per cent of voters happy with PAP, the leadership will pull out all stops to quickly remedy immigration, housing, urban poverty, health services and education issues.

"They may choose to tighten skilled and semi-skilled foreign worker intake, which will affect Malaysians' skill pool with Sijil Pelajaran Malaysia to diploma education that have traditionally looked to Singapore as an attractive destination (for employment)," Naidu said.

Iskandar Investment Bhd chief executive Datuk Syed Mohamed Syed Ibrahim, when contacted by Business Times yesterday, disagreed.

He said investments into Iskandar Malaysia would not be affected by the election outcome. He, however, did not elaborate.

Iskandar Regional Development Authority chief executive Ismail Ibrahim, meanwhile, reiterated that Singapore has been the top investor for Johor and Iskandar Malaysia.

"From 2006 to February 2011, Singapore registered a total investment of RM3.49 billion in manufacturing. For the services sector, until today, investments from Singapore was RM463 million in healthcare and education," he said.

Ismail added that the total cumulative committed investments into Iskandar Malaysia was RM73.24 billion from 2006 till the second quarter of this year. Of this, 59 per cent was domestic investment while the rest was foreign.

"So far, 40 per cent of the total committed investments has been spent on projects and developments. Investments came in from countries such as Australia, Singapore, Abu Dhabi, Kuwait, United States and India," he added.

Provectus is a performance transformation specialist which has advised Iskandar Malaysia, the Economic Planning Unit, the Prime Minister's Department on the Economic Transformation Programme, Government Transformation Programme, Sabah and Sarawak Bumiputera development and other programmes.

Elaborating on his views, Naidu said the Singapore government is expected to invest in new rail-based public transport, housing for locals, and more education and health facilities.

"Interestingly, these are the very same investments that Iskandar Malaysia is targeting to attract from Singapore businesses and government funds," he added.

Hence, he said, Iskandar Malaysia should now look at other countries such as China and India for investments in the future.

"It would be a paradox for Singapore to focus on external investments for commercial reasons when local social demands are not met. That would not be palatable for the population and the six new opposition parliamentarians will lose no time in pointing these out."

Naidu said Iskandar Malaysia aims to attract investments worth RM73.3 billion in the next five years, much of it from the Middle East, India, Singapore and China.

"But in reality, most it would come from Singapore businesses and government agencies.

"Relationship with Singapore, which has improved since Prime Minister Datuk Seri Najib Razak came to power, was supposed to facilitate faster and bigger investments from Singapore.

"But the (recent) general election changes everything and Iskandar Malaysia has to re-strategise.

"Even our Ministry of Human Resources will have to conduct an assessment on the potential impact as many young Malaysians may soon find it harder to land good-paying jobs in Singapore," he added.


Read more: FDIs into Malaysia from Singapore to drop? http://www.btimes.com.my/Current_New...#ixzz1LwJO19pz
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Old May 11th, 2011, 01:21 AM   #2304
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Maju Assets to unveil RM4b Iskandar project
By Sharen Kaur Published: 2011/05/11
http://www.btimes.com.my/Current_New...cle/index_html



KUALA LUMPUR: Maju Assets Sdn Bhd, the property arm of Maju Holdings Sdn Bhd aims to launch a RM4 billion high-end project, primarily for the expatriate community in Iskandar Malaysia, Johor.

It is also planning a beach fronting expatriate village in Terengganu for RM200 million, its managing director Adam Radlan Adam Muhammad said.

For the 480-hectare project in Iskandar, it is in the planning stage and will be launched in two to three years, Radlan said.

Radlan said the the catalyst development will be a 18-hole golf course over 120ha.

He said what would make the development appealing are the specially-designed Spanish villas.

Radlan added that the pricing for the villas will start from US$300,000 (RM897,000).

"We are getting Emiliano Armani, a Spanish master planner to design the villas. He will oversee the master plan," Radlan said in an interview with Business Times recently.

The project, which has yet to be named and located in Ulu Tiram, will include semi-detached homes, link houses and a marina equestrian centre.

"The timing is right for this project. The government is pumping in money in Iskandar Malaysia and it has attracted foreign parties. Our immediate market will be Singaporeans," he said.

Three times the size of Singapore, Iskandar Malaysia spans 2,217 sq km and is a mixed use development planned for completion in 2025. The government is targeting investments of US$110 billion (RM329 billion).

For the project in Terenganu, Radlan said the company is targeting players in the oil and gas sector.

The gated community will have villas and serviced apartments, for long-term lease to foreigners.

Radlan said with the award of contracts by Petroliam Nasional Bhd, he expects more expats to live in Terengganu.

"We are talking to Esso, Talisman and Murphy Oil to lease the units when the project is ready," he said.

According to Radlan, this will be the first of its kind project in Malaysia.

The properties will feature modern living with a touch of traditional Malay architecture, preserving the heritage.


RELATED LINK: http://www.majuassets.com.my/
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Old May 11th, 2011, 01:34 AM   #2305
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EU firms invited to invest in Iskandar Malaysia
May 11, 2011
http://www.bernama.com/bernama/v5/ne....php?id=585195

Singapore-based European companies should explore opportunities to invest in Iskandar Malaysia, the main southern development corridor in Johor, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

"So far, Iskandar Malaysia has attracted investments worth RM73 billion until March this year," he said at the Europe Day luncheon organised by the European Chamber of Commerce Singapore (EuroCham) here Monday.

Also present, were Malaysian Ambassador to Singapore Datuk Md Hussin Nayan, EuroCham President Michael Collins and, Ambassador and Head of Delegation of the European Union to Singapore March Ungeheur.

Mustapa said Iskandar Malaysia had highly attractive special economic zones and would, among others, be the site for a regional oil storage hub and education city.

He said investors in the economic zone were accorded special tax incentives.

"Various other dispensations are also offered to facilitate the recruitment and retention of talent.

"Should you want to consider locating investments in some other parts of the country, there are other economic corridors located in different regions which serve as hubs for specific activities," he said, adding that they all offered a broad range of incentives to investing companies.

Mustapa also briefed the EU business community here on Malaysia's Economic Transformation Programme, where a number of industries have been identified as key drivers of growth.

They included oil and gas, financial services, palm oil, the wholesale and retail trade, tourism, business services, health services, agriculture and education.

Mustapa said until April 2011, 72 Entry Point Projects under the ETP have been announced by Prime Minister Datuk Seri Najib Tun Razak.

"For companies from Europe, investment pledges amounted to RM19 billion or about 20 per cent of total investments," he said, adding that a majority of the investments related to oil and gas, wholesale and retail and wafer fabrication industries," he said.

"Our overall plan is to attract investments in high technology and knowledge-driven industries in areas such as alternative energy sources, biotechnology, advanced materials, petrochemicals, pharmaceuticals and resourced-based industries.

"In services, we welcome investments in logistics, tourism, healthcare and environmental management," he added. - Bernama

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RM16m scheme to develop skilled workforce for Legoland
By Chuah Bee Kim Published: 2011/05/11
http://www.btimes.com.my/Current_New.../moyu/Article/



JOHOR BARU: IDR Resorts Sdn Bhd, a subsidiary of the Iskandar Investment Group, has teamed up with the Federation of JPK Accredited Centres Malaysia (FeMAC) to launch a RM16 million skills development training programme for Legoland Malaysia.

The parties signed a memorandum of cooperation (MOC) here yesterday. Legoland Malaysia is expected to have a skilled staff strength of 1,000 people.

The MOC was signed between IDR Resorts chief executive officer (CEO) Muhammad Zainal Ashikin and FeMAC president Datuk Dr Muhamad Nasir Hamzah.

It is specifically aimed at developing a long-term comprehensive human capital development plan for Iskandar Malaysia.

"Our nation is shifting towards a service-based economy, with the service sector contribution expected to grow from 58 per cent to 65 per cent by 2020," Muhammad Zainal said.

He added that top performing trainees will be offered a specially-tailored programme before joining Legoland Malaysia, which is targeting to recruit 50 pre-operation professionals this year.

The new recruits will be tasked with responsibilities in marketing and sales, human resources and finance operations.

The employment opportunities to be introduced next year will range from maintenance workers to theme park ride supervisors and park rangers.

Iskandar Malaysia is seeking to create 1.4 million employment opportunities by 2025.

IDR Resorts is the project holding company of Legoland Malaysia, working closely with Merlin Entertainments' Legoland development team in developing the first Legoland theme park in Asia.

Legoland Malaysia's grand opening is slated for the fourth quarter of 2012.

Meanwhile, Deputy Human Resources Minister Datuk Maznah Mazlan said a total of 200,000 jobs had been created to date since the inception of Iskandar Malaysia in 2006. The number is expected to reach 1.4 million in 2025, when Iskandar Malaysia is fully developed.

Iskandar Malaysia has achieved committed investments amounting to RM73.24 billion with 40.1 per cent already spent.

"The total investment includes RM14.45 billion in the tourism industry and utilities sector," Maznah said.
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Old May 11th, 2011, 02:07 PM   #2306
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Senai Hi-Tech Park on track to be Malaysia’s next science & technology hub
by Jon Southurst - 11 May 2011

http://www.newasianist.com/senai-hi-...echnology-hub/

Drive north from Singapore across the Johor Causeway, into Malaysia’s second largest city Johor Bahru, and keep going. You’re now in Senai-Skudai, the heart of Iskandar Malaysia. Iskandar is the special economic region marked for rapid development as an Asian commercial hub and, like Guangdong did for Hong Kong and China, it wants to leverage its prime location and local skills base to fire the Malaysian economy over the coming decades. One development hoping to play a significant part in that progress is Senai Hi-Tech Park (SHTP).

Senai Hi-Tech Park, according to its developers, is “an integrated Science and Technology Park offering an ideal location, superb infrastructure with a service rich-environment”, matching Malaysia’s technological skills with innovative companies and research institutions from around the world. Part of the Senai Airport City development, SHTP will eventually form part of a vital technology and logistics hub connected almost instantly to major markets around the world.



At the moment it’s full more of promise and potential than activity, with Stage One of a three-stage project still under construction. But there’s an undeniable hum in the air and the Park has already signed on some major international investors: EQ Solar will build a US$500 million facility to manufacture monocrystalline and polycrystalline solar modules. MOX-Linde Gases will build an industrial gas manufacturing and separation plant, and South Korea’s STX Energy has launched a feasibility study into a solar cell facility.

Progress

“This is a brand new development in its infancy,” says SHTP’s CEO Dato’ Ahmad Shukri, who has done this all before as CEO of Malaysia’s previous high tech venture, the Kulim Hi-Tech Park at Kedah Darul Aman, just east of Penang.

“Everything is progressing well and according to plan so far.”

As ‘Flagship Region E’ under Iskandar Malaysia’s grand vision, Senai-Skudai is Iskandar Malaysia’s main inland development and lacks some of the glamor and eye candy of waterfront development proposals in areas like Johor Bahru City or Danga Bay. This is a region whose glamor will appear in the surge of activity surrounding the new aerotropolis at Senai and technology products set to emerge from SHTP for global distribution.

Most enquiries so far, says the developer, have come from the renewable energy/solar photovoltaic (PV) sector, as well as more ‘traditional’ technology and research sectors like electrical and electronics, as well as logistics. The world’s major industrial players USA, Japan, Germany and South Korea have all shown interest.


This is exactly the kind of attention SHTP wants to attract, and its facilities are designed specifically to appeal to the high-tech sector’s needs. Semiconductor manufacturers, alternative energy, medical and scientific instruments, optoelectronics, plus makers of process control and automation equipment would ideally complete the Park’s mix. There’s also the prospect of even newer technologies emerging via contract R&D services based there.

Location and Infrastructure

SHTP’s location was chosen to be an optimal logistics centre for its key industries. It sits on the southern fringe of Senai International Airport, is 55 minutes’ drive from Singapore Changi Airport, and is three hours’ drive from Kuala Lumpur. Malaysia’s busiest container port (and world’s no. 17) Tanjung Pelepas is 45 minutes away, with others like Pasir Gudang and Tanjung Langsat within the region. It’s within easy reach of the Johor Causeway and 2nd Link (bridge) to Singapore, the Senai-Desaru Highway and the KTM Railway. Once in the air, cargo is within a 6-8 hour flight radius from Tokyo, Bangalore, Dubai, Hong Kong, Seoul, Shanghai, and Taipei.

Uninterrupted ‘premium power supply’ is promised by Tenaga Nasional Bhd, and solid communications capacity comes via 24 core fiber optic lines, promising 10,000 to 50,000 broadband lines. Clean water comes from the Kota Tinggi Semangar Treatment Plant. Companies looking for a skilled local workforce can recruit from the nearby Malaysia University of Technology (UTM) and Tun Hussein Onn University.

Incentives

As part of the Senai Free Zone, goods imported into SHTP intended for regional distribution will be exempted from Customs and excise duties, as well as sales and service taxes, via the airport or other Free Zone areas including Singapore. Imports and exports will be expedited with a Customs 1-Stop Center and Green Lane status for movements of cargo to Singapore. International procurement centers and regional distribution centers will have full tax exemption on statutory income for 10 years.

Senai Hi-Tech Park is promoting the Industrial land with a leasehold period of 60 years and option to renew for another 39 years. Grants and incentives are controled by the Malaysian Investment Development Authority (MIDA) which offers numerous tax concessions to firms engaged in R&D, manufacturing and other approved activities.

The Park’s Industrial Zone Phase 1, targeted for completion by Q2 2012, will accommodate the R&D Center, Administrative and corporate offices, ready-built factory space for SMEs, and industrial lots.

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Old May 13th, 2011, 01:43 PM   #2307
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Iskandar still on radar of Mideast investors
Published: 2011/05/13
http://www.btimes.com.my/Current_New...cle/index_html

Iskandar Malaysia is still on the radar of investors from the Gulf Cooperation Council (GCC) member countries despite the ongoing political turmoil affecting the region, says Iskandar Region Development Authority Chief Executive Ismail Ibrahim.

He said the instability in the Middle-East presented an opportunity for investors in the oil-rich region to spread their investments abroad including Iskandar Malaysia.

"Thus, the GCC - United Arab Emirates, Oman, Qatar and Kuwait are still our targeted countries. There is still strong interest from the GCC countries to be present in Iskandar Malaysia, although, this interest is yet to translate into additional investments," he told Bernama in Johor Baru recently.

Ismail also said, to date, Middle Eastern investors were planning initial committed development in Medini, located within the Nusajaya development zone, one of the five flagship zones in Iskandar Malaysia.

On investments in Iskandar Malaysia since it's launch in 2006 until March this year, he said the economic corridor had recorded a cumulative committed investment of RM73.24 billion.

Of the total, local investments accounted for 59 per cent or RM43.29 billion while foreign investments made up the remaining 41 per cent or RM29.95 billion.

"The is a slow shift from being dependent on foreign investments, the majority of investments are coming from local sources," said Ismail, adding that the investment figures were a reflection of the confidence domestic investors had in Iskandar Malaysia.

He said the new trend also dispelled the perception that domestic investors were not buying into Iskandar Malaysia or that there was any discrimination or favouritism towards foreign investors.

Ismail also said investments worth RM28.25 billion were approved for manufacturing projects followed by RM24.26 billion in properties, RM6.28 billion (government), RM2.90 billion (utilities), RM1.47 billion (tourism) and RM10.08 billion (others).

"Approximately 40.1 per cent or RM29.35 billion of these investments were already spent and progress on the developments were on schedule," he added. -- Bernama
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Old May 14th, 2011, 03:50 AM   #2308
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Saturday May 14, 2011
Feasibility study on Rapid ready by year-end
By JEEVA ARULAMPALAM
jeeva@thestar.com.my


KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will make its investment decision by the last quarter of next year for its proposed integrated downstream oil and gas project that has been earmarked with a capital expenditure of US$20bil (RM60bil).

It announced yesterday that it was undertaking a feasibility study for the development of a refinery and petrochemical integrated development (Rapid) in Pengerang, Johor. The announcement confirmed a breaking story by StarBiz on Wednesday.

Petronas president and chief executive officer Datuk Shamsul Azhar Abbas told a media briefing after the unveiling of the project that the feasibility study would be completed by the end of this year.

Key facilities under Rapid would include a crude oil refinery, a naphtha cracker and a petrochemical and polymer complex, with Petronas also considering the possibility of developing a new liquefied natural gas (LNG) receiving and re-gasification terminal. The project was mooted on anticipation of strong future growth in the demand for differentiated and specialty chemicals, which will enhance Malaysia's petrochemical industry.

“We will make a decision before the end of this year about developing the LNG in Johor. The LNG import terminal in Malacca will be ready by end-June next year, and we are going to introduce open access (which means that Petronas will no longer have a monopoly). So any parties that wants to bring in LNG or gas, can do so,” he said.

The aim of the LNG in Johor would be to cater to the energy needs of the Rapid complex and help diversify the sources of gas supply to meet existing and future demands in Peninsular Malaysia. The new LNG re-gasification terminal will involve receiving facilities for LNG carriers and a new pipeline to tie-in to the existing Peninsular Gas Utilisation system.

While the US$20bil will account for the development of three core facilities, it will not include other ancillary facilities or the LNG and re-gasification terminal, said Shamsul.

He added that the US$20bil would not be borne solely by Petronas, but it would be based on its equity partnerships for these facilities. Although no partners have been announced just yet, the project aims to attract investments from international companies as Petronas seeks investment and know-how partnerships for this project.

Sources indicated that the other supporting industries could end up drawing in over RM100bil worth of investments into Pengerang.

In order for Rapid, which will be commissioned by end-2016, to be successful, accessing the right technology is critical.

“The type of partner selection will be critical. At this point of time, we are in the process of finalising the product stream for the chemical complex. We hope to finalise that by September; then we can identify the right partner. The partners are going to be high-end partners, which are specialised,” said Shamsul.

Petronas is moving beyond selling oil and gas in its raw forms to venturing into churning end products for export in Asia.

“We are no longer going into basic commodities, which is a sunset industry,” said Shamsul.

The national oil major said naphtha-based feedstock provided the opportunity to capture demand growth and that diversifying the feedstock sources would ensure robustness and business sustainability.

An analyst told StarBizWeek that local oil and gas service providers would benefit from engineering, procurement and construction contracts that would be dished out from the Rapid project.

“Petronas Chemicals Group Bhd will also benefit from this project tremendously, as it seeks to move up in the value chain and look for better yielding product,” he added.

#Actually..Pengerang is outside Iskandar Malaysia...
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Old May 14th, 2011, 06:17 AM   #2309
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Transforming Johor Bahru
Posted Date: May 12, 2011
By: iProperty.com

Following the announcement made mid last year by Prime Minister Datuk Seri Najib Tun Razak, the Malaysian government, under the 10th Malaysia Plan, has allocated RM1.8 bil towards the transformation of Johor Bahru City Centre. With that, it is anticipated that the Johor government will unveil its transformation strategy to redevelop Johor Bahru in the coming quarter of 2011.


Since the inception of Iskandar Malaysia (IM), mangrove swamps that once stretched along the Straits of Johor have now been transformed into commercial and residential development projects with hopes that its infrastructure, in particular, will be operational by 2012. Dubbed by some as the next Shenzhen, Iskandar Malaysia is thrusting Johor Bahru (affectionately known as JB) into its new role as the hub of Iskandar.

Relocation Apprehension

Despite construction of a six-lane coastal highway linking Johor Bahru’s Central Business District to Nusajaya, thus reducing the commuting time to merely ten minutes, apprehension towards the relocation of government agencies to Kota Iskandar, Johor’s new administrative capital in Nusajaya remains.

However, as in the case when the Federal administrative centre moved to Putrajaya, life in KL centre still proceeded as usual and is in fact thriving even more as the MRT, Warisan Merdeka and other big projects start taking root there.

Redevelopment Plans

While Iskandar Regional Development Authority (IRDA) Chief Executive Officer Ismail Ibrahim agrees that the transformation of Johor Bahru’s city center is necessary for Iskandar Malaysia (IM), he points out that the transformation relies a lot on the private sector’s initiatives while the Government’s role is to facilitate funds for infrastructure projects.

Simon Heng, Chairman of the Johor branch of the Real Estate and Housing Developers’ Association (Rehda), echoes Ismail’s sentiments stating that input from the public as well as the private sector is needed to ensure the success of transforming Johor Bahru.

So whatever plans Johor Bahru has of future developments partially lies in the hands of its people and private investors. As for drawing in the investors, the state government is working hard towards promoting IM as a rising business hub in South East Asia.

Intra-City Commuter Service Network

To complement its projected expansion, the government has begun implementing infrastructural projects to ease accessibility. With 8 major roadways underway to facilitate the development of IM, it is the recently approved Intra-city commuter train service network, a project spanning over 100 kilometers and connecting the major suburbs in IM, that Johor Chief Minister, Datuk Haji Abdul Ghani Othman believes will benefit property developers the most.

Confident that property developers will benefit most from the accessibility increase, he said, “The commuter service is indeed a timely investment which will coincide with Iskandar Malaysia’s tipping point of 2012. All major commercial developments are to benefit from the proposed commuter services and we expect to unlock the property values along the routes of the rail service.” The rail service is expected to serve over 30 mil commuters annually once operational.

Making JB Vibrant

As Malaysia’s second most popular tourist destination with an estimated 19 mil visitors in 2010, Datuk Chang Khim Wah, SP Setia Bhd Executive Vice-President, is confident that with the right attractions, Johor Bahru has the potential to pull crowds back to the city centre.

“A vibrant city should be a blend of the old and new, and a city should be a lively place not only during the day but also at night,” says Chang.

Ku Hwa Seng, KSL Holdings Bhd Executive Director, echoes this sentiment and suggests rezoning old housing estates near the city centre. As well, by copying the house-to-shop conversion concept in Bangsar, Kuala Lumpur, JB houses could be converted into food and beverage outlets catered to a niche market in order to draw in the crowds.

Shifting Residences

With residential properties in IM earmarked towards a higher-end market, residential properties in Bukit Indah, Setia Tropika, Setia Indah and Setia Eco Gardens have become in-demand with first-time house buyers through the “My First Home Scheme,” a government initiative to aid first-time house buyers.

“Many first-time house buyers and upgraders bought their properties in the second half of 2010, as they anticipated that prices of properties were going to increase further this year,'' Simon Heng, Chairman of Rehda points out.

United Malayan Land Bhd (UMLand) recently announced plans to tap into the niche property development sector to cater for affluent clientele. Its Chief executive officer Pee Tong Lim said, “We will be launching our niche project in Johor Bahru along Jalan Wong Ah Fook this year.”

The project consisting of a hotel tower and a serviced apartment block is located in Johor Bahru’s Central Business District on one of the city’s busiest roads.

Simon Heng explains that in recent months, the number of Singaporeans renting houses in Johor Bahru has risen due to the high cost of living in Singapore. With more people commuting daily from Johor Bahru to Singapore for work, Heng says: “These properties will attract Malaysian professionals working in Singapore and expatriates based in the republic due to the close proximity.”

http://www.iproperty.com.my/news/359...g-Johor-Bahru-
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Old May 15th, 2011, 08:39 AM   #2310
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Originally Posted by jb2020 View Post
Transforming Johor Bahru
Posted Date: May 12, 2011
By: iProperty.com

Following the announcement made mid last year by Prime Minister Datuk Seri Najib Tun Razak, the Malaysian government, under the 10th Malaysia Plan, has allocated RM1.8 bil towards the transformation of Johor Bahru City Centre. With that, it is anticipated that the Johor government will unveil its transformation strategy to redevelop Johor Bahru in the coming quarter of 2011.


Since the inception of Iskandar Malaysia (IM), mangrove swamps that once stretched along the Straits of Johor have now been transformed into commercial and residential development projects with hopes that its infrastructure, in particular, will be operational by 2012. Dubbed by some as the next Shenzhen, Iskandar Malaysia is thrusting Johor Bahru (affectionately known as JB) into its new role as the hub of Iskandar.

Relocation Apprehension

Despite construction of a six-lane coastal highway linking Johor Bahru’s Central Business District to Nusajaya, thus reducing the commuting time to merely ten minutes, apprehension towards the relocation of government agencies to Kota Iskandar, Johor’s new administrative capital in Nusajaya remains.

However, as in the case when the Federal administrative centre moved to Putrajaya, life in KL centre still proceeded as usual and is in fact thriving even more as the MRT, Warisan Merdeka and other big projects start taking root there.

Redevelopment Plans

While Iskandar Regional Development Authority (IRDA) Chief Executive Officer Ismail Ibrahim agrees that the transformation of Johor Bahru’s city center is necessary for Iskandar Malaysia (IM), he points out that the transformation relies a lot on the private sector’s initiatives while the Government’s role is to facilitate funds for infrastructure projects.

Simon Heng, Chairman of the Johor branch of the Real Estate and Housing Developers’ Association (Rehda), echoes Ismail’s sentiments stating that input from the public as well as the private sector is needed to ensure the success of transforming Johor Bahru.

So whatever plans Johor Bahru has of future developments partially lies in the hands of its people and private investors. As for drawing in the investors, the state government is working hard towards promoting IM as a rising business hub in South East Asia.

Intra-City Commuter Service Network

To complement its projected expansion, the government has begun implementing infrastructural projects to ease accessibility. With 8 major roadways underway to facilitate the development of IM, it is the recently approved Intra-city commuter train service network, a project spanning over 100 kilometers and connecting the major suburbs in IM, that Johor Chief Minister, Datuk Haji Abdul Ghani Othman believes will benefit property developers the most.

Confident that property developers will benefit most from the accessibility increase, he said, “The commuter service is indeed a timely investment which will coincide with Iskandar Malaysia’s tipping point of 2012. All major commercial developments are to benefit from the proposed commuter services and we expect to unlock the property values along the routes of the rail service.” The rail service is expected to serve over 30 mil commuters annually once operational.

Making JB Vibrant

As Malaysia’s second most popular tourist destination with an estimated 19 mil visitors in 2010, Datuk Chang Khim Wah, SP Setia Bhd Executive Vice-President, is confident that with the right attractions, Johor Bahru has the potential to pull crowds back to the city centre.

“A vibrant city should be a blend of the old and new, and a city should be a lively place not only during the day but also at night,” says Chang.

Ku Hwa Seng, KSL Holdings Bhd Executive Director, echoes this sentiment and suggests rezoning old housing estates near the city centre. As well, by copying the house-to-shop conversion concept in Bangsar, Kuala Lumpur, JB houses could be converted into food and beverage outlets catered to a niche market in order to draw in the crowds.

Shifting Residences

With residential properties in IM earmarked towards a higher-end market, residential properties in Bukit Indah, Setia Tropika, Setia Indah and Setia Eco Gardens have become in-demand with first-time house buyers through the “My First Home Scheme,” a government initiative to aid first-time house buyers.

“Many first-time house buyers and upgraders bought their properties in the second half of 2010, as they anticipated that prices of properties were going to increase further this year,'' Simon Heng, Chairman of Rehda points out.

United Malayan Land Bhd (UMLand) recently announced plans to tap into the niche property development sector to cater for affluent clientele. Its Chief executive officer Pee Tong Lim said, “We will be launching our niche project in Johor Bahru along Jalan Wong Ah Fook this year.”

The project consisting of a hotel tower and a serviced apartment block is located in Johor Bahru’s Central Business District on one of the city’s busiest roads.

Simon Heng explains that in recent months, the number of Singaporeans renting houses in Johor Bahru has risen due to the high cost of living in Singapore. With more people commuting daily from Johor Bahru to Singapore for work, Heng says: “These properties will attract Malaysian professionals working in Singapore and expatriates based in the republic due to the close proximity.”

http://www.iproperty.com.my/news/359...g-Johor-Bahru-
It looks like someone is agreeing with what many forumers want for Johor Bahru......

Any comments about this, Daeng jal?
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Old May 15th, 2011, 05:09 PM   #2311
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Quote:
Originally Posted by Vince

It looks like someone is agreeing with what many forumers want for Johor Bahru......

Any comments about this, Daeng jal?
He also said to get input from citizen..how to do so if a forumer..hide behind the net n bitching than adressing his opinion +ve ly..
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Old May 15th, 2011, 09:50 PM   #2312
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lagenda bola sepak dunia dari belanda Johan Cruijff nyatakan bahawa akan buka sekolah institusi pengajian Johan Cruijff di Iskandar Malaysia!

sumber rasmi : http://www.cruijffinstitute.org/node/788

Johan Cruijff dulu pernah jadi perancang utama untuk program pembangunan Bola Sepak FC Barcelona bernama La Masia.. sekarang Johan Cruijff jadi jurulatih utama Catalunya yang ibu negerinya adalah Barcelona!
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Old May 16th, 2011, 07:51 AM   #2313
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EU firms invited to invest in Iskandar Malaysia
May 11, 2011
http://www.bernama.com/bernama/v5/ne....php?id=585195

Singapore-based European companies should explore opportunities to invest in Iskandar Malaysia, the main southern development corridor in Johor, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

"So far, Iskandar Malaysia has attracted investments worth RM73 billion until March this year," he said at the Europe Day luncheon organised by the European Chamber of Commerce Singapore (EuroCham) here Monday.

Also present, were Malaysian Ambassador to Singapore Datuk Md Hussin Nayan, EuroCham President Michael Collins and, Ambassador and Head of Delegation of the European Union to Singapore March Ungeheur.

Mustapa said Iskandar Malaysia had highly attractive special economic zones and would, among others, be the site for a regional oil storage hub and education city.

He said investors in the economic zone were accorded special tax incentives.

"Various other dispensations are also offered to facilitate the recruitment and retention of talent.

"Should you want to consider locating investments in some other parts of the country, there are other economic corridors located in different regions which serve as hubs for specific activities," he said, adding that they all offered a broad range of incentives to investing companies.

Mustapa also briefed the EU business community here on Malaysia's Economic Transformation Programme, where a number of industries have been identified as key drivers of growth.

They included oil and gas, financial services, palm oil, the wholesale and retail trade, tourism, business services, health services, agriculture and education.

Mustapa said until April 2011, 72 Entry Point Projects under the ETP have been announced by Prime Minister Datuk Seri Najib Tun Razak.

"For companies from Europe, investment pledges amounted to RM19 billion or about 20 per cent of total investments," he said, adding that a majority of the investments related to oil and gas, wholesale and retail and wafer fabrication industries," he said.

"Our overall plan is to attract investments in high technology and knowledge-driven industries in areas such as alternative energy sources, biotechnology, advanced materials, petrochemicals, pharmaceuticals and resourced-based industries.

"In services, we welcome investments in logistics, tourism, healthcare and environmental management," he added. - Bernama
European investors show strong interest
By ZAZALI MUSA Monday May 16, 2011
http://thestar.com.my/metro/story.as...sec=southneast


European presence: Mustapa (left) and Malaysian High Commissioner to
Singapore Datuk Md Hussin Nayan (second from left) meeting members
of the Asean-UN Business Council at the luncheon.

SINGAPORE: European investors are showing strong interest to invest in Iskandar Malaysia as the country’s first economic growth corridor offers good opportunities to them.

Iskandar Regional Development Authority (IRDA) CEO Ismail Ibrahim said he was glad to know that majority of the Europeans have quite a substantial knowledge on Iskandar Malaysia.

“However, they hope that more road shows will be organised regularly by the stakeholders to promote Iskandar Malaysia to investors from European Union,’’ he said.

Ismail said this after a meeting with the Asean-EU Business Council members and attending a European Day Celebration luncheon organised by the European Chamber of Commerce (EuroCham) in hotel here.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed was the guest-of-honour at the luncheon to mark the 60th anniversary of EU.

The event was attended by ambassadors from 27 EU countries in Singapore as well as 200 business leaders from Europe and Asean countries.

Ismail said many of the European businessmen wanted to know what were the economic sectors in Iskandar Malaysia that they could invest in or take part.

He said the EU as a grouping was strong economically and Irda wanted to attract more European investors to Iskandar Malaysia as they were looking to expand their operations outside the European continent.

“We have to ride on this trend as Malaysia also faces competition from other countries in the region to attract foreign investors,’’ said Ismail.

He said the IRDA had planned a site tour for locally-based European businessmen to Iskandar Malaysia in order for them have a first-hand look on the progress made to date since its inception on Nov 4, 2006.

Among the European countries that have invested in Iskandar Malaysia, he added, include Britain, France, Spain and the Netherlands.

Iskandar Malaysia is located in the southernmost part of Johor spanning 2,217 sq km and has attracted RM73bil investments until the first-quarter of 2011, since 2006.
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Old May 16th, 2011, 02:18 PM   #2314
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IRDA: Investors' confidence not affected by probe
By Roziana Hamsawi Published: 2011/05/14
http://www.btimes.com.my/Current_New...scant/Article/

KUALA LUMPUR: Iskandar Malaysia's regulator is confident that the recent probe into Iskandar Investment Bhd (IIB) will not affect investors' confidence in the multi-billion ringgit project.

Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim said the alleged mismanagement of IIB is an "isolated case which will not jeopardise" the interest of prospective investors.

"It is really not for us to comment because we are the regulator bonded by federal government regulation while IIB is the property developer of the development," he said to reporters here yesterday.

"But I am confident that the investigation will not affect the rolling out of the development (of Iskandar)," Ismail said.

Iskandar Malaysia, which is the country's first economic growth corridor, has attracted sizeable number of investors from Malaysia and abroad.

"In my recent trip to Houston, Texas, for an oil and gas conference, I was approached by quite a number of players who wanted to come and participate in Iskandar Malaysia," he said.

Irda is aiming to attract RM73 billion new investments for its second phase development from this year to December 2015.

A bulk of the investment or RM28 billion is expected to be spent in manufacturing, RM24 billion in property, RM2.9 billion in utilities, RM1.5 billion in tourism and the remaining from government and other smaller-scale projects.

For the first phase (2006-2010), it achieved committed investments of RM69.38 billion, surpassing its forecast of RM47 billion. "Of the RM69.38 billion, about 38 per cent to 39 per cent has been realised," said Ismail.

To-date, about 58 per cent of the investments are from local investors and 42 per cent from foreign parties.

Earlier, Ismail briefed reporters on Irda's three-day conference themed "The Wealth of Iskandar Malaysia", which will include a half-day site tour around Iskandar Malaysia from May 24-26.

Ismail said 2011/2012 has been anticipated as the tipping point for Iskandar Malaysia.

"We will see the completion of key development of infrastructure and major iconic projects such as the coastal highway, Johor premium outlets, Legoland and Newcastle University Medicine Malaysia."

"We want to showcase Iskandar Malaysia to the world," he said adding that the conference will see a memorandum of understanding to be signed between asset building consulting firm, Global Asia Investment (Macau) Ltd and United Malayan Land Bhd.

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Old May 16th, 2011, 11:01 PM   #2315
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Somewhere at the beginning of this thread, I predicted that the misuse of rakyats' money would be something that is bound to happen. One would think that with public's eyes and ears on Iskandar's development and management, the authority would ensure that it is cleanly managed. However, true to popular expectations (except from people who choose to stay blind), a scandal broke out and now the new chief is saying that investors should not lose confidence on Iskandar? How funny. If I were an investor, seeing how Johor Corp and Iskandar Malaysia are run, I would surely be withholding my confidence until an independent investigation (not internally or by UMNO/MACC, but by a 3rd body such as an international auditing firm) has verified the verdict. However, if I were a greedy corporation who doesn't give a hoot about the citizens of this country, then I wouldn't care at all about this scandal.

However, I am still glad that someone has notified authorities about this scandal and it has come out in public. This shows that authorities (unlike before) are starting to realize the importance of transparency and good management.
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Old May 17th, 2011, 10:42 AM   #2316
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Iskandar needs more domestic investors
Tuesday May 17, 2011
http://thestar.com.my/metro/story.as...sec=southneast

JOHOR BARU: Iskandar Malaysia is in need of a strong domestic investor base to sustain its growth momentum.

Iskandar Region Development Authority (IRDA) chief executive officer Ismail Ibrahim the presence of foreign investors is also crucial in bringing the latest innovations and creativity which in turn will bring in new knowledge.

“Last year, 52% of investments in Iskandar Malaysia were from local investors, while the remaining 48% were foreign investments,” added Ismail at a tour of the development region.

Ismail said the presence of foreign investors would also create a climate of confidence which in turn would put Malaysia, especially Johor, on the investors’ radar.

Among the foreign brands in Iskandar Malaysia are renowned international film production company, Pinewood Shepperton plc, Chelsea premium outlets and Legoland theme park.

The Legoland theme park at Nusajaya in Iskandar Malaysia is likely to complete in the fourth quarter of next year with an expected one million visitors during the first year of operations.

The IRDA is the regulatory authority mandated to plan, promote and facilitate the development of Iskandar Malaysia into a strong and sustainable metropolis of international standing, where living, working, business and leisure, converge seamlessly.

Ismail said Iskandar Malaysia aimed to attract investments worth RM73bil from 2011 to 2015 as most companies, either local or overseas, are planning to relocate their business.

He said Iskandar Malaysia is expecting investors from China, South Korea, Japan, India, the Middle East, Europe and North America.

Iskandar Malaysia had attracted cumulative investments totalling RM72.48bil up to the first quarter of this year since 2006.

Ismail added that Iskandar Malaysia must prepare to reap the benefits from the increasing trade trend within Asean countries due to the Free Trade Agreements.

Iskandar Malaysia’s gross domestic product (GDP) is expected to reach US$93bil by 2025 from US$20bil in 2005, and the population to increase to three million people from 1.4 million.

Among the projects to be completed this year are the Johor Premium Outlet by year-end with a forecast of four million visitors in its first year of operations, Newcastle Medical University and also new housing projects launches. – Bernama.
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Old May 19th, 2011, 08:07 AM   #2317
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Originally Posted by daeng_jal View Post
He also said to get input from citizen..how to do so if a forumer..hide behind the net n bitching than adressing his opinion +ve ly..
How do you know he does not get input from citizens from Skyscrapercity? And how do you know others would not be positively influenced from reading what others have to say here?

Anyway, since I started your so-called "bitching" online in 2006, things have changed in Malaysia: Penang and Selangor are under Pakatan rule, there has been no more ISA arrests, and now the government i even trying to develop JB city centre! Why then would I, with other forumers supporting positive change, stop speaking up? Just because u say so? Who are you anyway, and what have you done for this country? Even Perkasa's Ibrahim with his violent threats can't scare good people.....we would all fight him, yes, every inch of the way.

Ur bitterness about my comments sounds like broken record, and aren't you also one who "hides behind the net n bitching?"

Last edited by Vince; May 19th, 2011 at 08:26 AM.
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Old May 19th, 2011, 10:49 AM   #2318
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Numed Construction Completed

I think the construction for the Newcastle Medical University in Nusajaya is completed. You can view the buildings here

http://www.ncl.ac.uk/numed/about/cam...lery/index.htm
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Old May 19th, 2011, 04:21 PM   #2319
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Marriott/Renaissance Hotel, Permas Jaya.(saw the project board, but im in hurry, so not took the picture of the project board)



On my way to Senibong Cove, drive through the new road (permas jaya - pasir gudang road/highway). But only the section from permas jaya to taman kota puteri/megah ria is open now.

Permas Jaya new flyover (in front of Jusco Permas Jaya)







Senibong Cove


Last edited by jb2020; May 19th, 2011 at 04:37 PM.
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Old May 21st, 2011, 11:21 AM   #2320
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I think the construction for the Newcastle Medical University in Nusajaya is completed. You can view the buildings here

http://www.ncl.ac.uk/numed/about/cam...lery/index.htm
I love the building which has that british-looking facade...ahah...quite nice actually
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