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Old June 8th, 2012, 09:39 AM   #2441
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CIMB: Malaysia can be financing hub
Published: 2012/06/06
http://www.skyscrapercity.com/newrep...treply&t=67701

KUALA LUMPUR: The world's oil and gas companies could consider Malaysia as a source of financing in their future multi-billion dollar projects due to its strong and steady financial services sector.

CIMB Investment Bank chief executive officer Datuk Charon Wardini Mokhzani said Malaysia can be the oil majors' financing hub due to its strong economy, strong loan growth and world's number one issuer of sukuk.

"Although the balance sheet of the oil companies is bigger than the Malaysian banks, nevertheless I ask all of you to look at Malaysia as one of your finance hubs."

Malaysia is a strong middle-income country with a gross domestic product of US$278 billion (RM887 billion) and accounts for 70 per cent of the world's sukuk market," Charon told delegates on the sidelines of the 25th World Gas Conference.

He said the oil and gas companies could secure funding in projects in the region such as the growing usage of gas by Malaysia and Indonesia over that of coal as the latter is more difficult and expensive to extract and transport.
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Old June 10th, 2012, 03:20 PM   #2442
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US Defence Secretary calls for close military cooperation with Malaysia
Posted on June 9, 2012, Saturday
http://www.theborneopost.com/2012/06...with-malaysia/

WASHINGTON: As the finer details of the just-concluded tour of a number of Asian countries by US.

Defence Secretary Leon Panetta are emerging, an interesting fact that has come to light is the ‘unusually strong interest’ Panetta showed in regard to forging closer military cooperation between the US and Malaysia.

Panetta, who held a series of bilateral and trilateral meetings with Asian allies at the so-called Shangri-la Dialogue in Singapore, rounded up all his meetings with a one-on-one meeting with Malaysian Defence Minister Datuk Seri Dr Ahmad Zahid Hamidi.

The Pentagon press secretary George Little confirmed in a statement that the two leaders agreed to strengthen the bilateral military-to-military relationship.

“During the meeting, both leaders stated that with a renewed focus on Asia as part of the US defence strategy, they look forward to strengthening the U.S.-Malaysia military–to-military relationship, including expansion of multilateral exercises,” Little said.

Panetta, according to Little, specifically thanked Ahmad Zahid for making Malaysian armed forces medical personnel available for deployment in Afghanistan.

Military experts expect the US administration to follow up with Malaysia on greater defence cooperation after Panetta’s initial talks with Ahmad Zahid.

Panetta, who also later visited Vietnam and India, used his Singapore visit to gather ‘first-hand information’ in his bilateral meetings with his counter parts from Japan, South Korea, the Philippines, Australia, Malaysia and host country Singapore, also reinforced the US presence in Asia.

The US administration, as defence experts here say, will strengthen its engagement in the Southeast Asian region which, many countries fear, can come under China’s domination, even though Washington has officially stated that this move was not aimed against any country in particular. — Bernama
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Old June 11th, 2012, 08:55 AM   #2443
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NEWS UPDATE:
Quote:
Travelex plans up to 200 sites in Malaysia by mid-2013
By TEE LIN SAY Saturday June 9, 2012
http://biz.thestar.com.my/news/story...&if_height=202



Najib officiating at the launch of Travelex Malaysia Sdn Bhd. With him are
(from left) director of Travelex Malaysia Datuk Seri Abd Rahim Abdul, AP
Arumugam and Dorfman. — Bernama


KUALA LUMPUR: Britain-based Travelex Group, the largest foreign exchange player in the world, plans to set up 150 to 200 sites in Malaysia by the middle of next year, and to double growth every year in its first five years of operations in the country.

The Travelex Group has joined forces with reclusive tycoon Tan Sri AP Arumugam via his vehicle, Sri Inderajaya Holdings Sdn Bhd, for a 70:30 partnership, having pumped in RM20mil to establish Travelex Malaysia Sdn Bhd. Arumugam is the chairman of Travelex Malaysia.

Travelex Malaysia plans to quickly set up base in the Klang Valley, firstly targeting the airports before moving in to the banks, malls and mini distribution centres in Penang and Johor Baru. Eventually it will also expand to Sabah and Sarawak.

By the fourth quarter of this year, it will start setting up foreign exchange automated teller machines (ATMs).

...
Quote:
Spanish firms to invest RM4.8bil in M'sia
By LEONG HUNG YEE Monday June 11, 2012
http://biz.thestar.com.my/news/story...&if_height=202

PETALING JAYA: Spanish companies have committed to invest some US$1.5bil (RM4.8bil) in Malaysia over the next few years, said Spanish Embassy commercial councillor Luis Lopez.

“These are planned investments to be developed in the next five to six years. Currently, there are already a handful of Spanish tecnology companies in Malaysia,” he told StarBiz.

Lopez said despite the banking crisis that was happening in Spain, its industrial-based companies were still “very strong”.

“Previously, they have been looking at the United States and Europe but now, they are coming to Asian countries and Malaysia is one of them,” he said, adding that Malaysia offered a competitive and affordable environment.

...
Quote:
Rotterdam of the East
By Jagdev Singh Sidhu Saturday June 9, 2012
http://biz.thestar.com.my/news/story...&if_height=202

The landscape of Pengerang is going to change forever.

The southern tip of Peninsula Malaysia now is like a picture postcard of rural Malaysia. The undulating road bookend by plantation land on either side of the road is dotted with the occasional cyclist on a weekend excursion.

Kampung Sungai Rengit, a small town, is filled with seafood restaurants, symbolising the fishing community that have relied on the waters surrounding the area for their livelihood for generations.

...



An artist’s impression of Dialog’s oil storage terminal in Pengerang.

Why Pengerang

Ngau says that when he first started work in the 1970s, the ships that lugged crude oil in its belly were between 150,000 tonnes and 200,000 tonnes in size. Today, the big crude ships are either 300,000 tonnes or 400,000 tonnes.

Singapore, which is the third largest refining centre in the world, has a port depth of 18m. It's deeper than any other port in Malaysia but the large ships have to park about 8km to 10km offshore to pump their crude into the storage terminals in Jurong.

Ngau says Dialog found that just 2km offshore Kg Sungai Rengit in Pengerang exists a channel with a depth of 24m, sufficient to handle the largest of crude carriers the world has today.

The shorter distance will also lower the cost of transporting crude from offshore.

Furthermore, Pengerang is just off the main shipping line where crude ships ply their routes on a daily basis.

“We were excited and the first thing we did was talk to Johor Corp,” recalls Ngau.



Sand being pumped into an area in Pengerang that is being reclaimed by Dialog.

...
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Old June 11th, 2012, 09:18 AM   #2444
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8 years later besides greater KL
I excited to know which state in Malaysia will upgrade themselves to par up with KL .
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Old June 11th, 2012, 11:03 AM   #2445
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Quote:
KUALA LUMPUR



JOHOR
image hosted on flickr


PENANG
image hosted on flickr


KUCHING



IPOH



SEREMBAN



KUANTAN



KOTA KINABALU



SANDAKAN
image hosted on flickr


ALOR STAR
image hosted on flickr


KUALA TERENGGANU



KOTA BARU
image hosted on flickr


State Legislative Assembly - Perlis
image hosted on flickr

DUN Perlis & Bukit Lagi , Perlis by affacino, on Flickr
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Old June 11th, 2012, 05:27 PM   #2446
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Where's Melaka?
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Multi Cultural + Harmony + Excitement = Malaysia!!!
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Old June 11th, 2012, 05:55 PM   #2447
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Melaka
Quote:
Originally Posted by teckkang View Post
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Old June 12th, 2012, 07:30 PM   #2448
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A third way to deliver prosperity
By Michael J. Hershman 11 June 2012 | Last updated at 07:46AM
http://www.nst.com.my/opinion/column...perity-1.93206



Prime Minister Datuk Seri Najib Razak and Minister in the Prime Minister’s
Department Datuk Seri Idris Jala at the launch of the Economic
Transformation Programme Annual Report in November last year.


MODERATE PATH: The government's policy of public-private partnerships is showing results, writes Michael J. Hershman

THE debate in Malaysia between those who want more government and those in the private sector who believe prosperity and job creation can best occur with less government is not unusual. It is occurring all over the world -- in the US, in the EU and the recent French presidential elections, and throughout nations in Asia and the Pacific Rim.

But it is apparent that the ultimate solution is neither total reliance on government nor the private sector, but rather, a third-way path -- a public-private partnership to bring prosperity and economic progress to the average citizen.

That is the model that, in the last several years, Prime Minister Datuk Seri Najib Razak has followed to implement his Economic Transformation Programme (ETP) and Government Transformation Programme.

When he began the ETP a year ago, he established specific goals to be achieved by the year 2020 -- to transform Malaysia into a higher development nation with a per-capita income of at least US$15,000 and to attract and channel US$444 billion in most private investments to break Malaysia out of the "middle income" trap and economic stagnation that it had experienced in recent years.

Consistent with the "third way" mixture of government and private market leadership, he turned to one of his ministers, Datuk Seri Idris Jala, a former successful chief executive of Malaysia Airlines, to lead the ETP.

Najib and Idris have committed to reduce the country's chronic budget deficits over five-to-seven years, streamline government to make it more conducive to private sector investment and job creation. And they already have made considerable progress.

For example, the ETP has moved to cut by half 761 varieties of licenses that under the current system are required for most business start-ups to acquire. And under Najib and Idris's leadership, the government has reduced the state's large role in the economy by divesting stakes in 33 companies.

...
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Old June 13th, 2012, 08:00 AM   #2449
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S.Korea offers to assist M'sia in achieving developed nation status
Posted on 13 June 2012 - 11:50am
http://www.thesundaily.my/news/406266

SEOUL (June 13, 2012): South Korea is prepared to offer technology-sharing in efforts to assist Malaysia to achieve the status of a developed nation with high income.

Deputy Prime Minister Tan Sri Muhyiddin Yassin (pix) said this was among the matters discussed during his meeting with South Korea's Prime Minister Kim Hwang-sik yesterday which further strengthened existing bilateral ties established 50 years ago.

"It appears that this is the best relations in the history of both countries with this top level visit and I have also invited him to visit Malaysia at an appropriate time," he said.

Muhyiddin said this to reporters after concluding his two-day working visit to South Korea.

During the visit, he held meetings with 18 captains of industry in the republic.

The Deputy Prime Minister said that among the technology-sharing options offered was in the field of nuclear technology.

"The South Korean Prime Minister suggested that we adopt South Korean technology to generate energy assisted by the experience and skills available here for so long.

"They have used energy sources through nuclear power and the latest report by the International Atomic Energy Agency (IAEA) confirmed that the nuclear plants developed here are still safe," he said.

However, he had informed the South Koreans that Malaysia had yet to make a final decision on the use of nuclear energy to generate power in the country.

He said this was because the decision would require a more in-depth study by the government besides the need to provide adequate education so that people have a better understanding of what was meant by generating power using nuclear energy.

Muhyiddin said an in-depth study was also needed to see whether the existing sources of energy namely hydro, solar and wind still have the potential to be expanded.

During the meeting, efforts to widen cooperation in the field of education between both countries were also discussed following a memorandum signed earlier.

He said the government had stated its aspiration to become the regional education hub and was prepared to receive more students from the republic to further their studies in Malaysia particularly in the English language.

Currently, there are more than 300 Malaysian students in South Korea while more than 3,000 students from the republic are studying in Malaysia.

"In addition, we have also sought the cooperation of South Korea to support Malaysia's proposal to become a non-permanent member of the United Nations Security Council as well as the Children's Rights Committee," he added. – Bernama
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Old June 13th, 2012, 08:21 AM   #2450
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Inspiring Malaysians to win Nobel prize
13 June 2012 | Last updated at 08:49AM
http://www.nst.com.my/nation/general...-prize-1.93818



Professor Dr Ferid Murad (left) and Professor Datuk Dr Sahol Hamid Abu Bakar
after the Nobel laureate delivered a lecture at UiTM, Shah Alam, yesterday.


SHAH ALAM: Universiti Teknologi Mara (UiTM) created history by being the first university in the country to host a Nobel laureate, Professor Dr Ferid Murad, to present key lectures to its students.

UiTM vice-chancellor Professor Datuk Dr Sahol Hamid Abu Bakar said it had taken a step forward by inviting the 75-year-old Nobel prize winner in Physiology or Medicine to inculcate Nobel award-winning minds in researchers and students.

"It is important for local scientists and students to learn Dr Ferid's wisdom and fruits of his scientific understanding as it may inspire them to be the first Malaysian to win a Nobel prize.

"This is in keeping pace with the Ministry of Higher Education's Strategic Action Plan 2011-2015, which is to develop scientific thoughts among students to create a Nobel laureate.

"Hopefully, this initiative will open windows for collaboration with Dr Murad and his organisation (George Washington University, Unites States)," he said after attending Dr Murad's lecture titled "Journey of A Laureate", at UiTM, here, yesterday.

The 90-minute lecture, which was open to all academics, researchers and students from local higher learning institutions, saw Dr Murad sharing his mastery in biochemistry and pharmacology research, his interests in medicine and also his achievements that led to a Nobel Prize in 1998.

Dr Murad jointly won the Nobel prize with Robert F. Furghott and Louis J. Ignarro for their discovery of nitric oxide as a signalling molecule in the cardiovascular system.

Dr Murad, who is Professor at the Department of Biochemistry and Molecular Biology at George Washington University in the United States, said he is having a great time doing research now.

"It's a real thrill to discover something new. The ability to solve a problem and find an answer is what motivates most scientists."

He said he was working on three researches, which include embryonic stem cells, application of cancer cells and discovering a drug to treat the E. coli strain, which causes diarrhoea and cholera.

He said for a country's medical research to make more breakthroughs, universities, bio-tech companies and pharmaceutical companies must work hand in hand to produce the desired results.
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Old June 13th, 2012, 12:48 PM   #2451
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really UiTM is the first one?
i think my university invited a nobel laureate to present a key lecture too back in 2009
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Old June 15th, 2012, 12:52 PM   #2452
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NEWS UPDATE:
Quote:
Samsung to invest RM2.2bil in new plant in M'sia
Friday June 15, 2012
http://biz.thestar.com.my/news/story...&if_height=202

SEREMBAN: Samsung SDI Energy Sdn Bhd, a unit of the Samsung Group Malaysia, will invest RM2.2bi l, over five years, to manufacture lithium ion cells and battery packs at its existing cathode ray tubes plant here, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said the plant had already commenced operations in May and the Samsung Group has, todate, invested RM1.5b il in Malaysia.

...
Quote:
Sime to invest RM1.4bil to expand China port
By SHARIDAN M. ALI Friday June 15, 2012
http://biz.thestar.com.my/archives/2.../p1-simep5.JPG



All together now: Sime Darby chairman Tun Musa Hitam (second from left)
officiating the Sime Darby port exhibition in Weifang. With him are (from left)
Weifang mayor Liu Shuguang, Weifang party secretary Xu Liquan and Sime
Darby president and group CEO Datuk Mohd Bakke Salleh. – Bernama


WEIFANG : Sime Darby Bhd plans to invest RM1.4bil in the next three years to expand its port operations in Weifang, China.

The investment is for the group to embark on a five-year development plan for the port to increase the terminal annual handling capacity to 50 million tonnes of cargo by 2017 from the current 18 million tonnes.

At the end of five years, the total number of berths at the port is expected to be nearly double of what are available today.

On top of the earmarked RM1.4bil, a further RM350mil investment is being considered depending on economic factors.

Sime Darby chairman Tun Musa Hitam said the expansion highlighted the growing importance of China to the group.

...
Quote:
M’sia’s global takaful almost doubles
Malaysia’s market grew 24% last year at an average contribution of RM448.6 million per operator

Thursday, June 14, 2012 - 17:11
by Bernama Location: KUALA LUMPUR
http://www.mmail.com.my/story/m’sia’...almost-doubles

MALAYSIA’S contribution to the global Takaful industry is expected to increase to US$2.4 billion (RM7.6 billion) this year from US$1.4 billion (RM4.5 billion) last year.

Ernst and Young Partner (Assurance) Brandon Bruce Sta Maria said the estimation was based on expectations that the industry’s growth trend would be sustained for the next two years.

“Malaysia’s market grew 24% to touch a US$1.4 billion contribution last year at an average of US$141 million (RM448.6 million) per operator,” he said at the World Takaful Conference: Asia Leaders’ Summit 2012 here yesterday.

For the South East Asian region, Sta Maria expected the contribution to the industry to increase to US$3.4 billion (RM10.8 billion) from the US$2.2 billion (RM7 billion) achieved last year.

“With the current growth trend, and the addition of new frontier markets such as Indonesia and Bangladesh, it is expected that the global Takaful contributions will reach US$12 billion (RM38.2 billion) by this year,” he said.

He also said by contrast, the Gulf Cooperation Council (GCC) Takaful market, predominantly comprises the general takaful business with family Takaful accounting for as little as five per cent in certain markets.

He said strong competition, evolving regulations and a shortage of Takaful expertises, are identified as key risks in both the GCC and South East Asia.

...
Quote:
Malaysia is now Asia's top IPO destination
Published: 2012/06/15
http://www.btimes.com.my/Current_New...TUKAR/Article/



Minister of International Trade and Industry, Datuk Mustapa Mohamed
(centre) and Chief Financial Officer of Samsung SDI Battery Division Korea,
Park Jong Ho (right) listened to the explanation from Senior Manager of
Government Relation and Corporate Communication, Mohd Khir Ramli (left)
on the latest Samsung Rechargable Battery Product at Samsung SDIEM.
Pix by Iqmal Haqim Rosman


SEREMBAN: Malaysia continues to attract investors with the approval of 1,411 projects valued at RM35.1 billion in the first quarter of the year.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the services sector was tops with RM17.6 billion.

For domestic investment, this sector remains the largest with RM12.1 billion (53.1 per cent) of the total approved during this period.

“It is believed that this sector will play a bigger role in the country’s economic growth this decade.”

...
Quote:
Najib opens Huawei Malaysia Global Training Centre
14 June 2012 | Last updated at 02:47PM
http://www.nst.com.my/top-news/najib...centre-1.94416



CYBERJAYA: Datuk Seri Najib Tun Razak today opened the Huawei Malaysia Global Training Centre (MGTC) -- the first global ICT training centre of its kind outside China.

"The fact that Huawei chose Malaysia to build this centre is great honour, but I would like to think that it is a reflection of the increasingly important role we (Malaysia) play in the global marketplace," the prime minister said.

The opening of Huawei MGTC here also signified a further strenghtening of bilateral and investment ties between China and Malaysia, he said.

The Huawei MGTC is designed to provide the latest telecommunication and ICT technology training to Huawei's global customers all the way from Asia-Pasific to the Middle East, Africa, and Latin America.

It aims at positioning Malaysia as the venue for global professional training in next generation ICT technologies, and is expected to contribute RM1.2 billion in Gross National Income (GNI) by 2020.

...
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Old June 16th, 2012, 02:19 AM   #2453
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NEWS UPDATE:
Quote:
Malaysian brands can make 'world's best' list
By Vasantha Ganesan Published: 2012/06/16
http://www.btimes.com.my/Current_New...cmmvb/Article/



MALAYSIAN brands have the potential to be among Interbrand's Best Global Brands as more brands from Asia make it to the list.

Interbrand, one of the world's leading brand consultant, compiles valuable brands which are country specific as well as on a global level.

"Over the next five years, there could be more companies in the top 100 list coming from this part of the world," said Interbrand Singapore director of client services Jonathan Bernstein.

Asian brands on the list now are mostly from Japan and South Korea. They include Toyota, Honda, Nissan and Hyundai, and most recently, HTC from Taiwan.

...
Quote:
Petronas retail arm to expand S-E Asia reach
Published: 2012/06/16
http://www.btimes.com.my/Current_New...PETMI/Article/

PETRONAS Dagangan Bhd, the retail arm of Malaysia's state oil firm Petronas, aims to expand into Indonesia and Myanmar as it widens its presence in Southeast Asia, its managing director told Reuters in an interview.

The largest liquefied petroleum gas (LPG) provider in Malaysia announced this month it will buy six downstream companies belonging to Petronas in the Philippines, Vietnam, Thailand and Malaysia in a deal worth RM197.3 million.

"We need to build new engines for growth," CEO and managing director Amir Hamzah Azizan said, adding that the Malaysian market could become saturated over the next four years.

The company is interested in potential acquisition targets in Myanmar and Indonesia because of their large populations and strong economic growth potential, Amir said, without giving a timeframe for the expansion.

He said the company aimed to increase its overseas revenue contribution to 8 per cent from 2 per cent over the next four years. It had RM766.4 million in cash as of March 31, 63 per cent higher than a year earlier.

...
Quote:
'KL to retain position as LCC hub in region'
BY BILQIS BAHARI Published: 2012/06/15
http://www.btimes.com.my/Current_New...cle/index_html

MINIMAL IMPACT: AirAsia’s decision to relocate Asean base to Jakarta will not affect status, says analyst

AIRASIA Bhd's decision to relocate its Asean base to Jakarta will not impact Malaysia's position as the leading low-cost carrier (LCC) hub in the region, an analyst based here said yesterday.

A Maybank Investment Bank analyst, who declined to be named, told Business Times that Malaysia's LCC hub would remain here and that the Malaysian operation could continue to grow with the completion of KLIA2 next year.

He said Kuala Lumpur would remain as the hub in the region and that AirAsia Bhd's move to set up its regional office in Jakarta would not change anything in Malaysia.

"There's never a question about the LCC hub moving to Jakarta. That is never the intention," he said.

The analyst said there would be no difference in terms of AirAsia's operations, be it located in Kuala Lumpur or Jakarta, adding that the AirAsia brand would be the same anywhere in the world.

AirAsia chief executive officer Tan Sri Tony Fernandes announced on Wednesday that the the move was to bolster the group's operations in Asean and neighbouring regions.

He also said AirAsia would announce key personnel to run the regional structure as well as the new AirAsia Malaysia chief executive officer on Monday.

On the planned new management structure, the analyst said it would not affect the company's operations, adding that it was not something that AirAsia would do at the spur of the moment.

Meanwhile, the new office in Jakarta, the AirAsia Asean, will help AirAsia engage closely with the Asean secretariat, which is also based in the Indonesian capital.

The analyst said AirAsia's move complemented its regional growth ambition.

"By aligning all this with the Asean secretariat office, it makes it more credible for them in the long-term."

AirAsia shares shed three sen to close at RM3.65 on Bursa Malaysia yesterday.
Quote:
M’sia to be hub for creative and digital content soon
Thursday June 14, 2012
http://thestar.com.my/news/story.asp...&if_height=202

KUALA LUMPUR: Malaysia is set to become an international hub for creative and digital content by next year.

Information, Communications and Culture Minister Datuk Seri Dr Rais Yatim said the Cabinet had recently agreed to the Kuala Lumpur communications and creative content industry market's proposal to develop the industry, which generates RM11bil of the ICT industry's annual RM40bil revenue.

“The move will increase productivity and promote new local products and inventions to give the Malaysian ICT industry an identity to be proud of,” he said at the launch of My1Content, the country's first integrated digital content platform, here yesterday.

Through the market, Kuala Lumpur is expected to be the base for the worldwide distribution of digital and creative content.

Dr Rais said local digital content was profitable as those from RTM and Malaysia National Film Development Corporation (Finas) had sold for RM300mil last year.

He expects Malaysia to become the base for international sharing of digital and creative content within a year of setting up the market.

My1Content is a virtual marketplace for content and application providers with potential buyers and brokers.

It is developed by Telekom Malaysia Berhad (TM) with the ministry and its agencies.

TM group CEO Datuk Seri Zamzamzairani Mohd Isa said it offered software, applications, computer games, videos and music.

“So far, we have 48 multi-functional applications, 50 films and animated works and five recordings from indie bands,” he said, adding that the platform had back-end system support to minimise upfront investment for new companies.
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Old June 20th, 2012, 06:31 PM   #2454
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NEWS UPDATE:
Quote:
M'sia recognised as important ICT practitioner, says Rais
Updated: Tuesday June 19, 2012 MYT 11:02:31 PM
http://thestar.com.my/news/story.asp...&if_height=202

SINGAPORE: Malaysia is recognised in the region as an important ICT practitioner or player, said Information, Communications and Culture Minister Datuk Seri Dr Rais Yatim.

"From the communications and broadcasting exhibition held in Singapore today and on other days, we could see that Malaysia's role is recognised by the region as an important practitioner and player in the ICT world.

"We noted that when Singapore's Minister for Information, Communications and the Arts, Dr Yaacob Ibrahim, saw Malaysia's development windows, he discovered that our country to be at par with several developing countries in terms of achievements that focus on improving people's lives," he told reporters at CommunicAsia 2012 held here.

...
Quote:
Dr Subra: Malaysia has signed ILO convention on safety at work place
Updated: Tuesday June 19, 2012 MYT 6:16:09 PM
http://thestar.com.my/news/story.asp...&if_height=202

KUALA LUMPUR: Malaysia ratified the International Labour Organisation (ILO) Convention on Occupational Safety and Health on June 8, joining the ranks of developed nations to place importance on occupational safety and health measures at the work place.

With the ratification, Malaysia also agreed to be under ILO's scrutiny on matters related to safety and health measures at work places and adhere to its high standards, said Human Resources Minister Datuk Seri Dr S Subramaniam.

He said Malaysia already had a well-established safety policy to ensure safety measures were implemented and adhere to it at all work places and it was only consistent that it ratified the convention.

...
Quote:
Hub for special education
Tuesday June 19, 2012
http://thestar.com.my/news/story.asp...&if_height=202

KUALA LUMPUR: Malaysia has inked a deal with the South-East Asian Ministers of Education Organisation (Seameo) to set up a regional centre for special education.

Called Seameo SEN, the centre will focus on strengthening, consolidating and enhancing the field of special education in the region.

Both Education Minister Tan Sri Muhyiddin Yassin and his Brunei counterpart Abu Bakar Apong, who is also currently the Seameo president, witnessed the signing of a memorandum of understanding here yesterday.

Under the memorandum signed by Education Ministry secretary-general Datuk Dr Rosli Mohamed and Seameo secretariat director Dr Witaya Jeradechakul, the centre will be given the green light to start its operations.

The Seameo SEN will be supervised by its own governing body comprising representatives from each member country, and they will review the centre’s operation and budget as well as set policies and programmes.

“The proposed centre will be operating temporarily at an existing teacher training institute in Malacca, which has a special education department.

“This existing institute has excellent facilities and modern facilities with a readily equipped office set-up, lecture halls, tutorial rooms, recreational room, accommodation, administration office and cafeteria conducive for human capital development,” said in a statement issued by the Education Ministry yesterday.

The setting up of the centre will be funded by the Malaysian Govern-ment.
Quote:
Gevo plans biofuel facility in Malaysia
Published: 2012/06/20
http://www.btimes.com.my/Current_New...cle/index_html

Gevo Inc, a US producer of biofuels, is planning a manufacturing facility in Malaysia.

The facility will begin producing cellulosic isobutanol by early 2016, Englewood, Colorado-based Gevo said in a statement today. -- Bloomberg
Quote:
Political stability needed to secure country's assets, says Najib
20 June 2012 | Last updated at 05:17PM
http://www.nst.com.my/latest/politic...-najib-1.96376



Prime Minister Datuk Seri Najib Razak greets members of the Associated
Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) before
Najib delivered his keynote address at the ACCCIM 66th annual general meeting.


KUALA LUMPUR: The country's assets and wealth would remain secure if the people are willing to work together in ensuring continued political stability and certainty, said Datuk Seri Najib Tun Razak.

The Prime Minister said that the absence of such stability may pose a threat to Malaysia's wealth.

"We've worked very hard to accumulate much assets and wealth in this country but they can decline or even evaporate if we don't work together to ensure political certainty and stability in this nation," he said.

Najib said this in his keynote address at the 66th annual general meeting of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) here, today.

Attending his first engagement since arriving home from Saudi Arabia at about 1am today, the prime minister stressed that political stability was important as it could influence business and market confidence.

Najib and his wife, Datin Seri Rosmah Mansor, were in Saudi Arabia to pay their last respects to Crown Prince Nayef bin Abdul Aziz Al Saud, 77, who died at a Geneva hospital on Saturday.

The couple also performed the 'umrah' (minor haj) during the visit.

The prime minister told the ACCCIM event that any form of instability or uncertainty would lead to greater business risks.

He cited financial predicament within the Eurozone, economic slowdown in the United States as well as political uncertainty in other regions as reasons for Malaysia to be more resilient economically.

Such developments made it necessary for the country to engender business and market confidence, he said.

Najib also called for cooperation from the private sector in ensuring that the country's resilience was further strenghtened to face challenges in a stormy global economy.

He said their participation was also pivotal in enabling the country to further embark not only on its transformation journey but also ensuring that real changes were implemented.

Najib reiterated the government's pledge to providing better business opportunities as well as a better life for all Malaysians.

"We haven't promised what we can't deliver," said Najib. -- BERNAMA
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Old June 21st, 2012, 02:21 PM   #2455
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Bloomberg News

Asian Millionaires Outnumber Those in North America, Report Says

By Giles Broom and Doug Alexander on June 19, 2012

Asia-Pacific millionaires outnumbered those in North America for the first time last year as the world’s wealthy saw a decline in their fortunes, according to a report by Capgemini SA (CAP) and RBC Wealth Management.

The number of individuals in Asia-Pacific with at least $1 million in investable assets jumped 1.6 percent to 3.37 million, helped by an increase in rich people in China, Japan, Thailand, Malaysia and Indonesia, according to the World Wealth Report released today. So-called high-net-worth individuals in North America dropped 1.1 percent to 3.35 million.

“While throughout the world the euro-zone crisis has affected markets in general and investors’ level of uncertainty, within the Asia-Pacific region we have seen strength in their domestic economies underlying their performance from an economic standpoint,” Gay Mitchell, deputy chairman for RBC Wealth Management, said in an interview in Toronto. “As such it’s yielded an increase in population for high net-worth individuals.”

The population of millionaires worldwide was little changed at 11 million, according to the report. Their wealth dropped 1.7 percent to $42 trillion of assets last year, the first decline since 2008, as the euro region’s sovereign debt crisis and lack of economic growth in the U.S. roiled investors.

Emerging Economies

Emerging economies continued to grow in 2011, while the U.S. and Europe struggled under the burden of sovereign debt that sparked uncertainty across financial markets. China’s real gross domestic product surged 9.2 percent last year, even after slowing compared with 2010, Capgemini and RBC said. That beat growth of 1.7 percent in the U.S. and western Europe.

North America remained the richest region with $11.4 trillion in high net-worth assets, compared with $10.7 trillion in Asia-Pacific, the report said. Wealth in Europe fell 1.1 percent to $10.1 trillion after rising 7.2 percent in 2010. Latin America had the biggest drop among the regions, falling 2.9 percent to $7.1 trillion in assets for its rich. The Middle East was the only region to post growth in assets among the wealthy, increasing funds 0.7 percent to $1.7 trillion.

“Market volatility and the uncertainty from the economic environment certainly has investors concerned and we’ve seen a continued shift to preserving capital and investing in more conservative asset allocations, certainly in North America and in Europe,” Bill Sullivan, a Rosemont, Illinois-based director at Capgemini, said in a telephone interview. “Asia-Pacific individuals may have a slightly more aggressive attitude toward investing right now.”

Super Rich

The super-rich category with $30 million or more saw their assets shrink 4.9 percent, following 12 percent growth in the prior year, contributing to the total decline.

Global wealth will grow at 4 percent to 5 percent during the next five years, driven by wealth creation in emerging markets, especially Asia, excluding Japan, Boston Consulting Group said in a separate report this month. Wealth surged at a compound annual rate of almost 11 percent from 2002 to 2007 before the financial crisis, and the indebtedness of developed- market economies slowed growth, according to the Boston-based firm.

Global equity market capitalization ended last year at $43.1 trillion, down 19 percent from 2010, the report said. The MSCI AC World Index (MXWD), which tracks global stocks in developed and emerging markets, lost 9.4 percent in 2011 and the MSCI AC Asia Pacific Index (MXAP) fell 17 percent, according to data compiled by Bloomberg.


http://www.businessweek.com/news/201...ca-report-says
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Old June 21st, 2012, 02:59 PM   #2456
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Old June 24th, 2012, 12:33 PM   #2457
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Govt is realistic, says Najib
By LEE YEN MUN and WANI MUTHIAH Friday June 22, 2012
http://thestar.com.my/news/story.asp...&if_height=202

PUTRAJAYA: The Government is committed to building a sustainable national welfare system in order to achieve a realistic growth of the country's economy, Prime Minister Datuk Seri Najib Tun Razak said.

Najib, who assumed the role of Women, Family, and Community Development Minister on April 9, said his administration was not concerned with populist platforms that might jeopardise the nation's income level.

He said the Barisan Nasional-led economic reform initiatives, such as its entry point projects and the Economic Transformation Pro-gramme, builds a sustainable welfare model, whereby part of the country's revenue is distributed to the social sector.

“We adopt a realistic and sustainable attitude in this because we want our programmes to be continual and they are able to be increased over time,” he said at the ministry's monthly staff gathering yesterday.

Najib, who delivered his inaugural address here as minister since taking over the post from Datuk Seri Shahrizat Abdul Jalil, thanked his predecessor and urged the staff to carry on the work started by her.

At a separate function in KUALA LUMPUR, Najib said concerted efforts must be made to tap the entrepreneurial skills and creative talent in the younger set to realise Malaysia's aims to become a high-income advanced nation.

He said companies like Apple, Microsoft, Dell and Facebook were founded by the younger generation who had sharp entrepreneurial acumen and creative talents.

“All of them started with shortcomings initially, but they have succeeded now. They started at the garage, but now they own companies worth millions of dollars”.
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Old June 28th, 2012, 06:55 AM   #2458
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Plantation farmers in Malaysia got their big cash outs today...


(full article)
Malaysia's Felda surges 20% in debut of world's No.2 IPO
By Yantoultra Ngui and Niluksi Koswanage | Credit: Reuters/Samsul Said/Files
Bloomberg ASIA | Reuters | Financial Times | Thu Jun 28, 2012 7:31am IST


Quote:
KUALA LUMPUR (Reuters) - Shares in Malaysian palm oil firm Felda Global (FGVH.KL) surged 20 percent in their trading debut on Thursday, as investors cheered on the world's second largest IPO after Facebook's rocky initial public offering.



The strong debut beat market expectations of a first day pop of 10 percent and brushed aside, for now, a widely flagged 36 percent drop in Felda Global's first quarter profit to 223.2 million ringgit that had initially unnerved some investors.

Felda raised $3.1 billion in Asia's biggest initial public offering this year - a sharp contrast to Facebook's botched debut and running against the prevailing global gloom in IPO markets.

Within the first 30 minutes of its debut, Felda Global shares were trading as high as 5.46 ringgit, a 0.91 ringgit, or 20 percent, premium to the IPO reference price of 4.55. (However) the local bourse fell 0.1 percent.

"The successful listing of Felda today signifies the endurance of our local stock exchange and proves the IPO market in Malaysia is powerful," said Ahmad Maslan, a government minister in charge of Felda Global's parent -- the Federal Land Development Authority.

A key attraction of Felda is that it gives investors a proxy to the rapidly expanding palm oil sector and represents a bright spot in an Asian IPO pipeline battered by the euro zone debt crisis and concerns over China's slowing growth.

On the downside, the burden of replanting ageing oil palms on the estates it manages - a key reason for its lower profits - may leave Felda Global with less to invest in its expansion plans from Southeast Asia to Africa.

"A lot of people were waiting for it for a long long time," said Linda Koh, a Kuala Lumpur-based analyst with research house InsiderAsia, speaking before the stock began trading.

"The free float for the public portion is quite small. And more importantly, it will get a lot of support from the local institutions. It's a very important company for the government."

The institutional component of the offer was oversubscribed by more than 30 times. Despite strong demand, the IPO was priced slightly below the top of a 4.00-4.65 ringgit range to "leave some money on the table", as one source involved in the deal said.

Felda debuts into a Malaysian stock market that has risen nearly 5 percent this year, outperforming rise of less than 1.5 percent in the MSCI Asia ex-Japan index but lagging some Southeast Asian peers such as Thailand and the Philippines.

Felda's listing plans were initially met with resistance from the farmers who partly owned the firm and feared the loss of control of an asset they had invested in for generations.

The government, a key shareholder in the firm via state-linked funds, sweetened the deal with windfall payment to the farmers, generated from the a fifth of the IPO proceeds, in what is likely to be an election year.


Chairman of Malaysia's Felda Global Ventures Holdings Bhd (FGV) Mohd Isa Abdul Samad speaks during a news conference after the listing of the company's initial public offering (IPO) in Kuala Lumpur June 28, 2012. Shares in Malaysian palm oil firm Felda Global surged 20 percent in their trading debut on Thursday, as investors cheered on the world's second largest IPO.REUTERS/Bazuki Muhammad


EMBARRASSMENT?

To keep the farmers happy, government-linked funds and the domestic pension fund, which accounted for part of the institutional tranche, made a rush for the stock during the book-building process.

"This Felda IPO is an embarrassment," said an official with a Malaysian bank-backed fund management firm. "About 23 percent of the book was allocated to 'friends and family', all at the expense of legitimate investors with potential synergies."

The official was making reference to global commodities trader Louis Dreyfus, which ended up with a 0.5 percent slice of the IPO as a strategic investor after it was promised a 2.5 percent as part of a refining and marketing alliance with Felda Global.

"It is not an issue for Louis Dreyfus, the alliance was more important than the cornerstone," said an official at Felda Global. "The Felda Global connection gives Louis Dreyfus a foot in Malaysia, it is an alternative and complements the alliance Louis Dreyfus has with Kencana Agri in Indonesia."

Felda Global's appeal has attracted other cornerstone investors - including Qatar Holding LCC, a unit of the Gulf nation's sovereign wealth fund, and Hong Kong's Value Partners (0806.HK) - who are locked into the shares for six months.

CIMB Investment Bank (CIMB.KL), Maybank Investment Bank (MBBM.KL) and Morgan Stanley (MS.N) acted as joint global coordinators for Felda Global's flotation, with JPMorgan (JPM.N) and Deutsche Bank (DBKGn.DE) working as joint bookrunners.

AGEING OIL PALMS

Felda Global plans to use the bulk of its proceeds to snap up more plantations in Southeast Asia and Africa and boost its refining and market business in its bid to become a peer to Archer-Daniel Midlands (ADM.N), Bunge (BG.N) and Cargill by 2020.

But it could stumble with replanting its ageing oil palm trees that account for 53 percent of the 320,000 hectares of oil palm estates it has taken up in a lease from its parent - among the highest in the industry.

Replanting means loss of income for the three years it takes for trees to mature. But if Felda Global Group delays replanting, it's revenue will eventually trickle lower.

In addition, Felda Global's estates, with an annual average productivity of 19.9 tonnes per hectare, rank the third lowest among the major Malaysian plantations firms, after Tradewinds Plantation Bhd (TWSP.KL) and Boustead Holdings Bhd (BOUS.KL).

"If they aren't able to increase their yield for the past 10 years, how are they able to do it in the next three years," said a palm oil analyst with independent research house in Kuala Lumpur.

(Additional reporting by Elzio Barreto in HONG KONG; Editing by Denny Thomas and Alex Richardson)

Article >>> http://in.reuters.com/article/2012/0...85R00520120628
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Old June 28th, 2012, 08:03 AM   #2459
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siapa kata Felda bankrupt dulu
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Old June 29th, 2012, 03:31 PM   #2460
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FELDA gave out a lot of assistance to Planters....
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