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Old April 20th, 2011, 02:49 PM   #281
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USM to unveil Internet-based power meters for Asean market
By DAVID TAN Wednesday April 20, 2011

GEORGE TOWN: Universiti Sain Malaysia (Penang) is expected to release virtual power meters for the Asean market by the end of the year or in early 2012.

USM NAv6 centre director Prof R. Sureswaran (pic) said USM was licensing the rights to customise and market the virtual power meter to Thailand-based SWN Intertrade Co Ltd (SWN) for the Thai and regional markets.

The Internet protocol version six (IPV6)- based virtual power meter, which has unlimited capacity to store IP addresses, allows the domestic users and the power authorities to monitor their power meters online.

”This means there is no need to despatch meter-readers anymore. We are discussing with the power authorities in Malaysia to adopt the virtual power metre system.

“The prototype is being tested now. We have spent three to four years on research and developing the virtual power meter, which comprises software and hardware.

“The last one year was spent getting ready the prototype and registering for it to be protected under a worldwide patent,” he said.

He was speaking after USM vice-chancellor Prof Tan Sri Dzulkifli Abdul Razak signed a MoU with SWN director Jose Kuruvilla, which includes licensing the rights to SWN to manufacture and market the virtual power meters and providing SWN consultation on IPV6.

Sureswaran said USM would generate revenue from licensing the rights to SWN.

Founded in 1985, SWN is involved in the trading of commodities, distribution of security instruments, and manufacturing of high-technology appliances.

Meanwhile, USM's centre for chemical biology deputy director Prof Nazalan Najimudin said the centre was also working with WaferGen Biosystems, a California-based company, to develop a new breed of rubber plants that have higher rubber yield and enzymes that could be used in liquid and powder detergents.

“We used a smart chip system developed by WaferGen to understand and improve on the functions of genes in a living organism.

“The project could take between two and six months,” he said.

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Old April 28th, 2011, 12:05 PM   #282
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Hong Leong Bank extends its footprint in Vietnam
Posted on April 28, 2011, Thursday

EXTENDING FOOTPRINT: (From left) Yap, Pham, Chia, Malaysia’s Ambassador
to Vietnam, Lim Kim Eng and Vo perform the ribbon-cutting as part of the
ceremony to mark Hong Leong Bank’s launch of its Hanoi branch.

KUCHING: Hong Leong Bank Bhd (Hong Leong Bank) further extended its footprint in Vietnam with the launch of its Hanoi branch recently – its second branch in the country after Ho Chi Minh City in 2009.

The launch also unveiled the bank’s first priority banking service in Vietnam, a privileged service designed exclusively for its more affluent customers.

Present at the event were Hong Leong Bank’s group managing director Yvonne Chia; Hong Leong Bank Vietnam Ltd’s general director and branch manager of Hong Leong Bank Hanoi, Alex Yap; Hong Leong Bank Hanoi’s deputy branch manager Vo Van Cuong; and deputy director of Hanoi branch of State Bank of Vietnam, Pham Van Vu.

“This launch today is testimony to Hong Leong Bank’s continuous commitment to further reach out to the communities in Vietnam. With our Hanoi branch conveniently located in Hai Ba Trung street, offering a suite of relevant banking products and services, in addition to our priority banking service, we will be able to appeal and serve more customers and at the same time, deepen and strengthen our presence in Vietnam,” said Chia.

Hong Leong Bank was the first Southeast Asian bank that was granted a licence to incorporate and operate a 100 per cent wholly-owned commercial bank in Vietnam.

“Priority banking is a big part of consumer banking and this key segment is growing rapidly. With our deep local knowledge and global expertise, we will provide priority banking customers a new level of banking experience to support their priorities, help them realise their goals and in doing so, enhance their lifestyles.

“Customers will be pampered with exclusive privileges in four key areas of life: healthcare, education, lifestyle and investment,” she continued.

Priority banking customers would each have their own personal relationship manager, who would attend to all their financial needs. From everyday banking needs to investment advice, these relationship managers would create financial solutions that meet customers’ financial goals, life stages and risk appetites.

Priority banking customers would also have access to priority banking lounges in both Ho Chi Minh and Hanoi. These exclusive lounges should be the perfect locations to perform financial transactions, discuss financial needs and conduct business meetings.

The privileges offered by priority banking could transcend borders as they would also apply at the priority centres in Malaysia, Singapore and Hong Kong. Whether travelling overseas, settling in or investing in these three countries, customers would be provided with comprehensive solutions to meet their financial needs, onshore and offshore.

Priority banking would cater for individuals with opening balance of 1.2 billion Vietnamese dong and above. Customers with 20 billion dong in deposits would be rewarded with additional benefits.
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Old April 28th, 2011, 12:07 PM   #283
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BIMP-EAGA offers huge market for investors O&G, palm oil
Posted on April 28, 2011, Thursday

SHOWCASING STRENGTH: Tan (third left) together with Ramos (fourth left)
visit the exhibition area after officiating the BIMP-EAGA Programme at Sabah
Trade Centre in Kota Kinabalu. — Bernama photo

KOTA KINABALU: The Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) offers a huge market for investors, particularly in the oil, gas and palm oil industries, said State Industrial Development Minister Datuk Raymond Tan Shu Kiah.

He said with the re-energisation of the BIMP EAGA’s activities of late including the successful holding of its expo attended by former Philippines President Fidel V Ramos here recently, the stage has been set for a conducive business environment for investors.

“If we look at the east of Sabah and Kalimantan, Indonesia spreading over all the nearby islands, this is the place or the biggest area where palm oil is planted and the highest production of crude palm oil (CPO) in the world…so that is already a potential,” he told reporters after opening the ‘Oil, Gas and Palm Oil Suppy Chain’ forum, here yesterday.

Tan said the other part of BIMP EAGA really active in oil and gas industry was Brunei, located north of the island of Borneo.

“I have made a trip to Brunei and I have told Brunei how we could work together in oil and gas.

In the west coast of Sabah, because we are so close to Brunei we are looking into developing oil and gas.

“In Brunei, oil and gas is the main industry…and when they extend their activities into port Muara, it is in the Brunei bay, and next to it is Labuan and inside is Sipitang (Sabah).

“Sabah and part of Sarawak, Labuan and Brunei are in that area and so by itself that is already a natural hub of oil and gas…there is a huge potential to tap into,” he said.

Earlier, in his speech, Tan said Sabah had a history of selling its natural resources, “but now we want to attract investors to Sabah to develop our resources.

“We can protect our green environment and still drive our industries especially in oil palm and oil and gas with new innovations and technologies.

“If we achieve this end, our products will be marketed at a premium in a world that is conscious of protecting its green environment,” he added.

On oil palm, Tan said Sabah was planted with 1.5 million hectares of oil palm producing some 6.5 million tonnes of CPO, about one million tonnes of palm kernel oil and some 30 million tonnes of valuable biomass.

As for its oil reserves, Sabah had 2.3 billion barrels with estimated depletion period of 43 years and 12.1 trillion cubic feet of gas with estimated depletion period of 30 years, he said.
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Old April 29th, 2011, 09:23 PM   #284
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Maybank now has 10 branches in Cambodia
Published: 2011/04/30

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has expanded further in Cambodia with the opening of its 10th branch in Kampung Cham, a trading district with two million population.

Maybank deputy president and head of global wholesale banking Abdul Farid Alias said the new branch is part of the bank's regional business growth plan, which aims to expand its network in Cambodia to 11 branches by the end of this year.

"Our automated teller machine (ATM) facilities are not only linked within Cambodia, but also our regional network covering Malaysia, Singapore, the Philippines, Brunei and Indonesia.

"Maybank ATM cardholders have the convenience of withdrawing cash at any of these locations without any charges," Farid said in a statement yesterday.

Maybank's 10th branch in Cambodia was officially opened by Kampong Cham deputy governor Lun Lim Thai yesterday.

Also present were Malaysian ambassador to Cambodia Datuk Pengiran Mohd Hussein, Cambodian National Bank's Kampong Cham branch director Chim Chankosal, Maybank overseas operations head Abdul Malek Mohd Khair, Maybank Cambodia country head Jubely Pa and other community leaders.

Kampong Cham's economy is driven by a strong agro-based industry, mainly rubber factories and rice millers. Other key industries include manufacturing and processing of wood and timber products.

Maybank, Malaysia's largest banking group, has a global footprint that covers over 1,750 offices in 14 countries.
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Old May 2nd, 2011, 10:00 PM   #285
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'Asean exchange a great concept'
By Presenna Nambiar Published: 2011/05/03

KUALA LUMPUR: The Asean exchange is a great concept, however, the road is fraught with challenges, says index provider MSCI Barra executive director.

"The ultimate test is, are you able to create a seamless integrated efficient platform for investors to invest? Issues like trade settlement is very, very important. How do you settle trade between one country and the other country? Obviously there are currency convertibility issues," MSCI Barra's Chia Chin-Ping told Business Times, when met after Invest Malaysia 2011.

CIMB chief executive officer Datuk Seri Nazir Razak, has been an active proponent of the Asean exchange, recently reiterating his clarion call for the formation of a single stock exchange for Asean.

Expected mergers of the world's largest exchanges such as the London Stock Exchange, Deutsche Borse and NYSE Euronext, are threatening to make Asean's national stock exchanges irrelevant.

"Its a positive initiative to make the group (Asean) more attractive in the sense, if you look at them individually it may not represent a very important component of an investor's portfolio, but if you piece them (Asean) together obviously it becomes a force (to be reckoned with)," Chia said.

For example; currently the few Asean countries that are on the MSCI Emerging Market Index, namely Malaysia, Indonesia, Thailand, Philippines have a weight of, 2.9 per cent, 2.3 per cent, 1.7 per cent and 0.5 per cent respectively.

Collectively as an Asean entity, it would have a weight of 7.4 per cent, a weighting currently enjoyed by the likes of India and Russia on the MSCI EM Index.

The MSCI EM Index has 23 countries in its stable. Three of the big four economies, namely China, Brazil and Russia are in it.

Indices such as the MSCI EM, are seen as benchmarks of the "investable-ness" of a country for institutional investors.

The more conducive for investment, the bigger the weighting in the index.
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Old May 5th, 2011, 02:07 AM   #286
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7th BIMP-EAGA Summit In Jakarta Sunday
May 04, 2011 15:35 PM

KOTA KINABALU, May 4 (Bernama) -- The 7th Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Summit will be held on Sunday as part of the 18th ASEAN Summit related meetings from May 4 to 8 in Jakarta.

The Mindanao Development Authority (MinDA) said in a statement today that Philippines President Benigno Aquino III and key Philippine-EAGA officials would leave for Jakarta tomorrow to push for the Philippine-EAGA initiative in the 7th BIMP-EAGA Summit.

Aquino would be meeting his EAGA counterparts, Prime Minister Datuk Seri Najib Tun Razak of Malaysia, Sultan Haji Hassanal Bolkiah of Brunei and President Susilo Bambang Yudyohono of Indonesia.

This year's EAGA Summit will highlight issues about improving interconnectivity within the sub-region in line with the Master Plan on ASEAN Connectivity.

"In the meeting, the Philippines will push for further connectivity in the sub-region through the establishment of roll on-roll off (RORO) transportation system," MinDA said.

The development of RORO terminal system has been identified as a key strategy to expand more trade and reduce the cost of inter-island transportation across the subregion.

Currently, there are already six potential RORO routes identified for BIMP-EAGA, particularly connecting Mindanao and its neighboring areas in the subregion.

These are the Zamboanga-Sandakan (Sabah), Zamboanga-Kota Kinabalu (Sabah), Zamboanga-Muara (Brunei), Glan, Sarangani-Tahuna or Bitung (Indonesia), Brooke's Point (Palawan)-Kudat (Sabah), and Gensan-Muara (Brunei) routes.

The EAGA leaders are also expected to provide key directives on fast-tracking the implementation of priority infrastructure projects in the subregion particularly in the areas of transport, energy, trade facilitation and information communication technology (ICT).

The meeting is also expected to come up with key directives on ensuring food security, promoting eco-tourism, developing strategies for conservation and sustainable management of EAGA's natural resource and biodiversity.

Strengthening the BIMP-EAGA Business Council will also be discussed in recognition of the private sector's critical role in accelerating the growth of the subregion.

Created in 1994, BIMP-EAGA is Asia's largest sub-regional cooperation with an estimated 50 million people spread out across 1.5 million square kilometres of land in four countries.


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Old May 9th, 2011, 10:02 AM   #287
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Najib kemuka idea 1ASEAN
Daripada Veena Rusli di Jakarta

NAJIB bersama dari kiri Sultan Brunei, Sultan Hassanal Bolkiah; Presiden
Indonesia, Susilo Bambang Yudhoyono dan Presiden Filipina, Benigno Aquino
pada sesi bergambar sebelum sidang BIMP-EAGA sempena Sidang Kemuncak
ASEAN di Jakarta, semalam.

Gagasan lahir kesedaran, perkukuh jati diri penduduk serantau
HASRAT melihat masyarakat Asia Tenggara lebih menyerlah di persada antarabangsa mendorong Datuk Seri Najib Razak menyuntik idea mewujudkan 1ASEAN sebagai gagasan untuk mengukuhkan jati diri penduduknya.

Berucap pada Forum Kepemimpinan ASEAN kelapan bertemakan `Mengubah Wajah ASEAN – Laluan Ke Hadapan’ di Nikko Hotel di sini, malam tadi, Perdana Menteri berkata, 1ASEAN boleh melahirkan semangat kesedaran ASEAN yang lebih tinggi di kalangan penduduknya, seperti gagasan 1Malaysia.

“Bayangkan apabila kita memperkenalkan diri kepada seseorang dari United Kingdom atau Perancis dengan mengatakan kita dari ASEAN seperti mana mereka akan merujuk diri masing-masing sebagai warga Eropah.

"Saya bangga berasal dari Asia Tenggara dan saya mahu masyarakat rantau ini berkongsi kebanggaan itu. Saya mahu seluruh dunia tahu siapa kita," katanya.

Forum anjuran Institut Strategi dan Kepemimpinan Asia (ASLI) yang dipengerusikan Aburizal Bakrie itu turut dihadiri Naib Presiden Indonesia, Boediono; Setiausaha Agung ASEAN, Dr Surin Pitsuwan dan Pengerusi Jawatankuasa Penganjur, Datuk Michael Yeoh.

Najib berkata, ASEAN juga perlu terus memacu pertumbuhan ekonominya supaya lebih banyak peluang pelaburan memasuki rantau ini.
Bagaimanapun, katanya, itu hanya akan menjadi kenyataan jika diiringi amalan tadbir urus baik, ketelusan dan pertanggungjawaban sebagai panduan ke arah transformasi.

“Silapnya ialah umum kerap menganggap transformasi sebagai melakukan perubahan drastik hingga menyebabkan nilai murni, perwatakan asal tersasar dari landasan.

"Itu bukan caranya kerana transformasi sebenar ialah mengambil sesuatu yang baik dan menjadikannya lebih sempurna menerusi kepemimpinan, kebijaksanaan dan wawasan pemimpin terkemuka," katanya.

Mengambil contoh pengurus pasukan bola sepak kegemarannya, Sir Alex Ferguson, memimpin Manchester United sejak lebih 24 tahun lalu, Perdana Menteri berkata, deretan kejayaan kelab tersohor itu bukan dicapai dengan berpeluk tubuh tetapi menerusi perubahan yang dilakukan seiring peredaran masa.

Pendekatan itu, kata Najib, meletakkan Ferguson sebagai antara pengurus terbaik kalau pun bukan yang terbaik di dunia dan berharap hakikat itu menyebelahi Manchester United dalam perlawanan genting menentang Chelsea, lewat malam tadi.

Kita juga mesti bersama dalam menangani cabaran seperti kesan krisis ekonomi global dan keganasan yang menjejaskan keamanan sejagat, selain cabaran melahirkan tenaga kerja mahir, meningkatkan taraf hidup dan pendapatan serta menjadi negara maju.

Bantah cara tangkap nelayan kita

JAKARTA: Malaysia semalam secara rasmi menyampaikan rasa tidak puas hatinya terhadap cara penangkapan enam nelayan Malaysia ditangani pihak berkuasa Indonesia.

Ia disampaikan sendiri Perdana Menteri, Datuk Seri Najib Razak kepada Presiden Indonesia, Susilo Bambang Yudhoyono dalam pertemuan empat mata mereka di hari terakhir Sidang Kemuncak ASEAN ke-18.

“Saya sudah sampaikan apa yang sepatutnya kepada beliau. Beliau memahaminya tetapi situasi ini agak kompleks.

“Ada pihak lain yang mengambil tindakan di luar pengetahuan Presiden. Beliau (Susilo) memaklumkan belum mendapat maklumat penuh mengenainya dan menjanjikan keputusan sebaik-baiknya dalam hal ini,” katanya.

Mengulas keputusan pilihan raya umum Singapura, kelmarin, Najib berkata kemenangan Parti Tindakan Rakyat (PAP) membolehkan Malaysia dan negara jiran itu meneruskan kesinambungan terhadap segala perkara serta rundingan dipersetujui sebelum ini.
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Old May 10th, 2011, 03:44 AM   #288
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Hong Kong woos tourists from Southeast Asia
By Zaidi Isham Ismail Published: 2011/05/10

KUALA LUMPUR: Hong Kong, which received 578,877 Malaysian tourists last year (an increase of 31.1 per cent from 2009), expects a double-digit growth in arrivals this year due to better global economic conditions, more attractive holiday packages and upcoming attractions.

The executive director of the Hong Kong Tourism Board, Anthony Lau, said as at the first quarter of 2011, total visitor arrivals from all around the world to Hong Kong had already reached 9.7 million representing a year-on-year growth of 12.6 per cent.

The special administrative zone of China welcomed a total of 36 million tourists (an increase of 21.8 per cent) from all around the world last year.

"Similarly, I expect Malaysian tourists arrivals to exceed 578,877 because as at first quarter this year, we have already received 136,081 tourists which represents a 16.7 per cent increase year-on-year," Lau told reporters yesterday.

He said there will be many upcoming holiday activities taking place gradually over the next few years such as Hong Kong balloon ride, observation desk at its Sky 100 skyscraper, ocean parks, Hong Kong Disneyland expansion, geopark and others.

On average, it costs HK$5,000 (RM1,919) for a three-day holiday in Hong Kong depending on hotel type, transporation mode and length of stay.

Some 70 per cent of Malaysian tourists to Hong Kong consists of holidaymakers with a per capita spending of HK$4,708 (RM1,806) while another 17 per cent is business travellers with a per capita spending of HK$6,805 (RM2,611.76).

Meanwhile, the Hong Kong Tourism Board launched its first ever multi-city travel in Hong Kong and its surrounding cities to Malaysia and other markets in Southeast Asia.

The board has teamed up with four other cities - Guangzhou Tourism Administration Municipality, Macau Government Tourist Office, Zhongshan Municipal Tourism Bureau and Jiangmen Tourism Bureau.

This is because out of the 578,877 arrivals in Hong Kong last year, about half of the Malaysian tourists visited the neighbouring cities, which include some of the destinations above which are known for their cuisine, top movie sites, historical spots and world heritage location.

Lau said the cities will be better linked over the next few years due to the upcoming express rail links and bridges which can cut road and ferry travel time such as the new rail link to Guangzhou, from two hours to 40 minutes.

He added that on average, a three-day package to the cities can cost HK$10,000 (3,838) depending on accomodation type, holiday packages and duration of stay.
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Old May 10th, 2011, 04:20 AM   #289
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Asean can shape global developments, says Najib
Posted on May 8, 2011, Sunday

JAKARTA: Datuk Seri Najib Tun Abdul Razak said Asean should be able to shape global developments if the organisation can live up to the theme “Asean will show the way”.

The Prime Minister said Malaysia believed that the slogan clearly must be translated into all of Asean’s endeavours so that it would be truly an exemplary organisation.

“By showing the way and leveraging on its strengths as a coherent community, Asean should be able to shape global developments,” he said at the plenary session of the 18th Asean Summit, here yesterday.

The plenary session, chaired by Indonesian President Susilo Bambang Yudhoyono, was attended by all Asean leaders except for Singapore Prime Minister who was represented by Senior Minister Prof S Jayakumar.

Najib said Malaysia also felt that the approaches and measures taken in advancing the integration agenda should be people-oriented in various fields.

Stressing the point that education was a critical element in a more people-centred Asean, he said youths should be encouraged to pursue their studies in higher learning institutions located in Asean Member States as it would help to develop a sense of kinship and long-lasting friendship amongst them.

“Malaysia proposed that the Asean Education Ministers be tasked to look into the idea of transferring credits between higher institutions in the region so that Asean students will be able to spend at least one year in another Asean country,” he said.

Najib also urged Asean to give a big push to encourage low-cost carriers and national airlines to operate more flights between the its member states because low-cost carriers had an enormous potential in connecting a large segment of the Asean peoples who previously could not afford to do so.

On Asean’s bid to host the FIFA World Cup in 2030, Malaysia, said the Prime Minister believed that sports could play a uniting role among the peoples of Asean and it would go a long way in fostering a spirit of Asean Community, despite the challenges faced in realising the goal.

Najib also stressed the need for Asean member states to look at how they could support each other in energy security, especially through joint bilateral and multilateral projects to generate electricity and power by leveraging on their advantages in which some member states were rich in resources and some in capital. – Bernama
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Old May 13th, 2011, 02:40 AM   #290
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BIMP-EAGA leaders to fast track key projects infrastructure projects in the region
Posted on May 12, 2011, Thursday

KOTA KINABALU: Leaders of Brunei Darussalam-Indonesia-Malaysia-the Philippines East Asean Growth Area (BIMP-EAGA) have agreed to fast track key infrastructure projects that will increase connectivity and support food production hubs in the sub-region.

A statement issued by the Mindanao Development Authority (MinDA) yesterday said BIMP-EAGA leaders, in a joint statement issued at the end of the 7th BIMP-EAGA Summit, were encouraged by the progress of the 12 priority infrastructure projects (PIPs) being implemented in EAGA and urged their respective ministers and senior officials to fast track implementation of these PIPs.

The 7th EAGA Leaders’ Summit was held on the sidelines of the 18th Asean Summit which concluded last Sunday in Jakarta.

In his opening remarks as the meeting chairman, the Philippines President, Benigno Aquino, said there had been steady gains in Asean economic integration as manifested by the accomplishments of the BIMP-EAGA.

“For the past 17 years, BIMP-EAGA has served as a vital mechanism in the process of actualising our collective vision as brother nations,” said Aquino.

“We are confident of its continued significance in such crucial initiatives as those in the transport connectivity and trade facilitation,” he said.

In the meeting, EAGA leaders reaffirmed the importance of the sub-region in promoting economic integration across Asean and renewed commitment to intensify coordination in the implementation of EAGA flagship projects.

They specifically directed their officials to “identify and prioritise additional infrastructure investment projects, supportive of developing food production hubs and enhancing travel within the sub-region.” “We also reaffirmed our support for sustained efforts in infrastructure development in the areas of transport, energy, trade facilitation and information and communications technology (ICT),“ the statement said.

Among the EAGA priority infrastructure projects for 2010-2011 were Brunei’s Kuala Lurah Border Crossing Facility and Pandaruan Bridge and Indonesia’s Tanjung Selor-Border Road, Pontianak-Entikong Transport Link and Enhancing Manado-Bitung Link projects.

Also included were the ‘Trans Borneo Power Grid: Sarawak to West Kalimantan’ project of both Malaysia and Indonesia and the Lahad Datu Palm Oil Industrial Cluster (POIC) project in Malaysia.

Key EAGA infra projects in the Philippines are the Expansion of Mindanao Ports Programme I and 2 and Rehabilitation of the Davao-General Santos Road.

The Leaders also supported formulation of the Implementation Blueprint for 2012-2016, a guide to a more focused implementation of programmes and projects in BIMP-EAGA.

We called on all stakeholders at the local and national levels particularly the private sector to participate actively in identifying and prioritising doable projects that will generate immediate and direct impact on increasing trade, tourism and investments in the sub-region,” the leaders said.

In a report, the 18th Asean Summit had recently recognised the Philippines’ initiative to improve further connectivity across Asean through selective open skies policy and establishment of the roll-on roll-off (RoRo) network.

The liberalisation of the Philippines’ aviation industry and setting up of RORO facilities in the identified potential RORO links of EAGA supported the goal of the Asean Connectivity Plan which aimed for increased traffic and seamless movement of trade and tourism in the region.

Established in 1994, BIMP-EAGA is a four-country grouping collectively pursuing sub-regional economic growth.

With an estimated 50 million people spread out across 1.5 million square kilometres of land in the four countries, the BIMP-EAGA is Asia’s largest sub-regional cooperation. — Bernama
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Old May 23rd, 2011, 03:45 PM   #291
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M’sian police requested to serve in Timor Leste again
by Elton Gomes. Posted on May 17, 2011, Tuesday

KOTA KINABALU: The Royal Malaysian Police (PDRM) continue to get recognition internationally when the government of Timor Leste applied for the resumption of PDRM services in the country after their contract ends in 2012.

Internal Security and Public Order director Datuk Salleh Mat Rasid said the government of Timor Leste also wanted the PDRM to train their new elite police force.

“This shows that the excellent services by our men are highly regarded by the government of Timor Leste and also gained recognition from the United Nations (UN),” he said at a press conference after welcoming members of the Sabah Brigade General Operations Force from Timor Leste at the Kota Kinabalu International Airport here on Saturday.

Also present were Sabah Brigade Commander of the General Operations Force (GOF), Senior Assistant Commissioner Ahmad Marzuki Mohd Said and GOF 16th Battalion deputy commanding officer DSP Ratan Kumar Sing A/L Jainu.

A total of 38 Sabah GOF officers and personnel from the second phase, comprising 136 members who carried out the UN Integrated Mission in Timor Leste (UNMIT) from November 10, returned safely to their family and loved ones.

According to Salleh, PDRM deployed 11 troops to Timor Leste for UNMIT.

Meanwhile Ratan, who led the team, said no casualties or injuries occurred to any of his men during their six months in Timor Leste.

“We did not face any problem or complaints from any party, but received a letter of appreciation for our services,” he said.
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Old May 25th, 2011, 05:29 AM   #292
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Leader close to winning deal in Laos
By Sharen Kaur and Francis Fernandez Published: 2011/05/25

Talks between Malaysia's largest wire and cable producer and the Laotian authorities are said to be in the final leg and could be concluded as early as next month
Kuala Lumpur: Leader Universal Holdings Bhd, the country's largest wire and cable producer, is close to securing a US$30 million (RM91.5 million) contract to help build a power plant in Laos, people familiar with the matter said yesterday.

Business Times understands that talks between Leader and the Laotian authorities are in the final leg and could be concluded as early as next month.

Leader Universal's executive deputy chairman Datuk Seri H'ng Bok San was not available to comment on the matter.

However, people familiar with the operations of the company, said Leader is in the midst of wrapping up a power purchase agreement (PPA) with the authorities in Laos.

"They are still negotiating the terms of the PPA," said the source. At least two independent sources confirmed that Leader is indeed interested in the power project in Laos.

The contract is to help build a 30 megawatt (MW) power plant. If Leader indeed manages to secure the contract, this will be the company's third power plant aboard.

Leader's involvement in the power business started in 1994 when it signed a PPA for the first independent power producer (IPP) plant in Cambodia to build-operate-transfer a 35MW diesel engine power plant in Phnom Penh.

It then secured a second IPP project in Cambodia upon signing a PPA in September 2009 to build-operate-own a 100MW coal-fired power plant in Sihanoukville.

Meanwhile, the source also said that Leader is eyeing more power plant projects in Indochina namely in Cambodia, Laos and Vietnam.

He said other Malaysian companies are also eyeing power projects in Indochina, especially in Laos, as the government is putting in place several hydro-power plants this year to accelerate its economic growth.

According to news reports, the government is promoting investment in the construction of small- and medium- sized hydropower plants to supply domestic consumption.

The Laotian government aims to expand its national electricity grid to all districts by 2015 to some 90 per cent of Lao households by 2020.

Currently, only about 70 per cent of Lao families have access to electricity.
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Old May 26th, 2011, 03:18 AM   #293
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Philippines deal to boost RGB revenue
By Marina Emmanuel Published: 2011/05/26

GEORGE TOWN: Electronic gaming machines and casino equipment supplier RGB International Bhd is looking to the Phi-lippines to help broaden its revenue base this year.

Citing investor-friendly policies by the Philippines government and efforts to promote tourism development via casino tourism, the Penang-based company plans to plough in US$25 million (RM76.5 million) between now and 2013 to supply 1,000 new machines for an integrated city development project in Manila Bay.

The Pagcor Entertainment City or Manila Bay Tourism City development by the Phi-lippine Amusement and Gaming Corp (Pagcor - the governing gaming authority of the Philippines) is a 60-hectare project aimed at becoming the entertainment ca-pital of Asia.

RGB group executive director and chief operating officer Steven Lim Tow Boon said the company is targeting a monthly income of between RM800,000 and RM900,000 per month this year in the Philippines from concession agreements on gaming machines.

"From the projected RM100 million, we are hoping to rake in from the outright sales of gaming machines in the region this year, we expect this sector of our business in the Philippines to contribute 50 per cent," he told reporters after the company's annual shareholders meeting here.

In 2010, outright sales of gaming machines in Asia accounted for RM70 million and the Philippines contributed RM35 million.

RGB International, formerly known as Dreamgate Corp Bhd, has a presence in Malaysia and also operates in Cambodia, Laos, Vietnam, Singapore, the Philippines, South Korea, Macau and Japan.

In February this year, RGB - via subsidiary RGB Ltd - received approval from Pagcor for its offer of 1,700 units of various types of gaming machines, to be placed at Pagcor casinos and slot machine areas under concession.

The whole project reportedly would mobilise about US$10 million (RM30.6 million) worth of machines into operations, targeted to be completed by the end of this year.

Upon completion of this project, the number of machines under concession for RGB in the Philippines is expeced to be doubled to 3,600 units.

For its 2010 financial year ended December 31, RGB reported a 7 per cent decline in revenue to RM159 million from RM170 million in 2009.

RGB International Bhd. (Formerly known as Dreamgate Corporation Bhd.) ("RGB") is an investment holding company listed on the main market of Bursa Malaysia Securities Berhad (“Bursa Securities”). RGB alongside with its subsidiaries and associate companies ("the Group") primarily engaged in:
· Sales & marketing and manufacturing of electronic gaming machines & equipments
· Machines concession program and technical support management
· Equity investment and management of boutique casinos, hotels and clubs with gaming licenses

RGB has over 20 years of experience and expertise with operations spanning the Kingdom of Cambodia, Lao PDR, Vietnam, Singapore, Macau SAR, the Philippines and Japan.
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Old May 27th, 2011, 03:41 AM   #294
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Aeon targets RM45b Asean sales by 2020
By Vasantha GanesanPublished: 2011/05/27

Aeon aspires to be among the top three retail players in the region within the next nine years.
Kuala Lumpur: Japan's Aeon Co Ltd, which is in the process of setting up its Asean headquarters here, hopes to see the region contribute RM45 billion in sales to the group by 2020.

Nagahisa Oyama, vice-president and chief executive officer of Asean business of Aeon Co Ltd, said Aeon aspires to be among the top three retail players in the region within the next nine years.

Oyama's designation puts him in charge of the markets in Malaysia, Indonesia, Cambodia, Vietnam, Myanmar, Laos and India.

"With the exception of the Indian market, we hope Aeon Asean will be (among) the top three retailers with total revenue of RM45 billion," he said.

This will be 15 times more than its current Asean revenue of RM3 billion, contributed by its operations in Malaysia.

Oyama said the first stores in Asean outside Malaysia will open in 2013 in Vietnam and Indonesia, followed by Cambodia in 2014. "We are still studying these markets," he added.

According to Oyama, the retailing landscape is changing.

If previously retail leaders were from the France, Germany, the UK and the US, Oyama expects a change in the next 10 years, with the possibility of a leading retailer emerging from Asia.

"I hope Aeon also becomes a top 10 retailer in the world," he said, adding that the group now ranks 20th globally.

With the establishment of the Asean headquarters in Malaysia, Oyama hopes to see less control from Japan, which will translate into more innovation.

While Aeon Malaysia is expected to play a key role in the openings of other Asean stores, it is unclear if it will take a stake in them.

Oyama had, however, in a previous interview said that the Malaysian entity might take a stake in the Japanese pa-rent's expansion plans in the region.
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Old May 27th, 2011, 03:42 AM   #295
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Ann Joo eyes steel firms in Southeast Asia
By June RamleePublished: 2011/05/27

KUALA LUMPUR: Ann Joo Resources Bhd is looking to buy steel companies in Southeast Asia, which has similar synergies towards its businesses.

Its group managing direc-tor Datuk Lim Hong Thye said the company is scouting for suitable candidates to partner with and have been looking extensively in countries such as Vietnam and Indonesia to date.

"We have not set aside budgets for these mergers and acquisitions but we are actively looking for plants and this would be our plan in the next 10 years," he told reporters after the company's annual general meeting held in Petaling Jaya, yesterday.

He said the company is looking at raw mills that produces 100,000 to 300,000 tonnes annually to acquire, which Lim said is an ideal size to start with.

"We are not going on a big (M&A) basis because we want to bring in joint-venture partners to reduce the risks or plants that provide similar synergies towards our businesses," he said.

He said the rational for the M&A is because they are already running on full capacity since last year, producing some 800,000 billets annually.

Lim said the company had invested close to RM200 million for its capital expendi-ture of which most of it went to the blast furnace project which took three years to complete.

He added that the second phase of that project would be launched soon.

"The second phase won't take that long as we have done the piling work for that in the first phase itself," he added.

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Old May 27th, 2011, 09:00 AM   #296
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As May 2011

1 MALAYSIA - KUALA LUMPUR | Petronas Towers | 451.9 m | 88 fl
2 VIETNAM - HANOI | Landmark 72 Tower | 336m | 1102ft | 70 fl | T/O
3 MALAYSIA - KUALA LUMPUR | Telekom HQ | 310m | 55 fl
4 THAILAND - BANGKOK | Baiyoke Tower II | 304m | 85 fl
5 PHLIPPINES - MANILA | Gramercy Residences | 302m | 68 fl | T/O
6 MALAYSIA - KUALA LUMPUR | Ilham Baru | 298m | 62 fl | U/C

7 SINGAPORE - Republic Plaza | 280.1m | 66 fl
SINGAPORE - United Overseas Bank Plaza | 280.1m | 66 fl
SINGAPORE - Overseas Union Bank Centre | 280.1m | 63 fl
8 VIETNAM - SAIGON | Bitexco Financial Tower | 269m | 68 fl | COMPLETED
9 VIETNAM - HANOI | Lotte Center | 267m | 65 fl | U/C
MALAYSIA – KUALA LUMPUR | Petronas Carigali HQ | 267m | 59 fl | T/O

10 THAILAND - BANGKOK | The River Tower A | 265.6m | U/C
11 INDONESIA - JAKARTA | Wisma BNI 46 | 262m | 48 fl
12 PHILIPPINES - MANILA | PBCom Tower | 259m | 52 fl
13 INDONESIA - JAKARTA | Ciputra World Jakarta | 256.6m | 45 fl | U/C
14 SINGAPORE - Capital Tower | 254m | 52 fl
15 PHILIPPINES - MANILA | The Knightsbridge Residences | 250m | 68 fl | U/C
PHILIPPINES - MANILA | Discovery Primea | 250m | 68 fl | U/C
SINGAPORE - Altez | 250m | 60 fl | U/C

16 THAILAND - BANGKOK | Meritus Suites State Tower | 247m | 63 fl
17 SINGAPORE - The Sail | 245m | 70 fl
SINGAPORE - One Raffles Quay North Tower | 245m | 50 fl
SINGAPORE - Marina Bay Financial Centre | 245m | U/C
SINGAPORE - Ocean Financial Centre | 245m | 43 fl | COMPLETED
18 MALAYSIA - KUALA LUMPUR | Menara Maybank | 243.5m | 50 fl
19 SINGAPORE - Marina Bay Financial Centre | 239m
20 MALAYSIA - KUALA LUMPUR | Vista Tower | 238.1m | 62 fl


- Google

UNKNOWN HEIGHT: Ongoing projects
SINGAPORE - Marina Bay Suites (65 floors)
MANILA - Banco De Oro HQ (65 floors)
JAKARTA - St.Moritz (65 floors)
HANOI - Splendora Complex (60 floors)
KUALA LUMPUR - Banyan Tree Signatures KL (55 floors)

VIETNAM - HANOI | PetroVietnam tower | 400m+ | 79 fl | Pro
VIETNAM - SAIGON | Saigon Centre | 66 fl | 88 fl |386m | Pro
THAILAND - PATTAYA | Ocean One | 367m | 1204ft | 91 fl | App
VIETNAM - HANOI | Vietinbank Tower | 363m | 1191ft | 68 fl | 250m | 820ft | 48 fl | Prep
MALAYSIA - KUALA LUMPUR | Four Seasons Place | 320m | 65 fl | Pro ‎
THAILAND - BANGKOK | MAHA NAKHON-The Ritz Carlton Residences+Edition Hotel | 313m | 75 fl | 8 fl | Pro
PHLIPPINES - MANILA | The Stratford Residences | 312m | 1023 ft | 76 fl | Prep
MALAYSIA - KUALA LUMPUR | Menara Tradewinds 1 | 300m | 60 fl | Pro
INDONESIA - JAKARTA | Rasuna Tower | 290m | Pro
PHILIPPINES - MANILA | Grand Hyatt Hotel | 250m | 66 fl | App

Note: The list will change by the upcoming project

Last edited by nazrey; May 29th, 2011 at 08:42 AM.
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Old May 27th, 2011, 10:21 AM   #297
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Petronas Towers
image hosted on flickr

VIETNAM - HANOI | Landmark 72 Tower | 336m | 1102ft | 70 fl | T/O
Originally Posted by kt View Post
image hosted on flickr
Menara Telekom

Baiyoke Tower II

PHLIPPINES - MANILA | Gramercy Residences | 302m | 68 fl | T/O
Originally Posted by Doberzinecki View Post

Last edited by nazrey; May 29th, 2011 at 08:39 AM.
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Old June 3rd, 2011, 05:09 PM   #298
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Rancang beli tanah di ASEAN
Oleh AZMAN IBRAHIM 3 Jun 2011 / 1 Rejab 1432

Muhyiddin Yassin (tengah) bersama para tetamu khas memegang buku
prospektus pada Majlis Pelancaran Prospektus MSM Malaysia Holdings Bhd.
di Kuala Lumpur, semalam.

KUALA LUMPUR 2 Jun – Syarikat pengeluar gula proses terbesar di Malaysia, MSM Holdings Bhd. (MSM) merancang untuk membeli tanah perladangan tebu di negara-negara ASEAN untuk mengurangkan kebergantungan import gula mentah.

MSM yang merupakan syarikat milik Felda Global Venture Holdings Sdn. Bhd. (Felda Global) kini mengimport 95 peratus gula mentah dari Brazil, Australia dan Thailand.

Presiden dan Ketua Pegawai Eksekutif Kumpulan Felda Global Group, Datuk Sabri Ahmad berkata, selain ASEAN, MSM juga merancang untuk membeli tanah-tanah perladangan di Brazil dan negara-negara di benua Afrika.

Katanya, tindakan itu juga bagi memastikan keselamatan makanan di negara ini terjamin selain merupakan pelaburan semula syarikat.

‘’Kami dalam proses kajian mengenai pembelian tanah ladang itu termasuk di Sulawesi, Indonesia bagi memastikan pengurangan kebergantungan gula mentah dari negara-negara lain,’’ jelasnya.

Beliau berkata demikian kepada pemberita pada majlis pelancaran prospektus MSM Holding Bhd. di sini hari ini.

Majlis itu disempurnakan oleh Timbalan Perdana Menteri, Tan Sri Muhyiddin Yassin.

Hadir sama Timbalan Menteri di Jabatan Perdana Menteri, Datuk Ahmad Maslan dan Menteri Besar Perlis, Datuk Seri Mohd. Isa Sabu.

Turut hadir Timbalan Ketua Pegawai Eksekutif Perbankan Pelaburan dan Korporat CIMB Group Bhd., Datuk Charon Wardini Mokhzani dan Ketua Pegawai Eksekutif MSM, Chua Say Sin.

MSM akan disenaraikan di pasaran utama Bursa Malaysia pada 28 Jun depan dan akan menutup tawaran runcitnya pada 13 Jun ini.

Melalui tawaran awam permulaan (IPO) itu, MSM akan menerbitkan 234.6 juta saham biasa pada harga RM0.50 sesaham

Harga institusi adalah RM3.38 sesaham manakala harga runcit adalah 97 peratus daripada harga institusi.

CIMB Investment Bank Bhd. (CIMB Investment) dilantik sebagai penasihat utama dan koordinator global tunggal MSM untuk penyenaraian tersebut.

Dalam pada itu, Say Sin menambah, melalui penyenaraian MSM di pasaran utama Bursa Malaysia, syarikat merancang untuk meningkatkan kapasiti pengeluaran gula daripada 1.1 juta tan metrik setahun kepada 1.5 juta tan metrik setahun menjelang 2016.

Katanya, MSM juga menyasarkan untuk meningkatkan eksport gula diproses ke luar negara kepada 150,000 tan metrik setahun.

Pada tahun lalu jelasnya, MSM mengeksport sebanyak 80,000 tan metrik bersamaan 11.5 peratus daripada pengeluaran syarikat.

Sementara itu, Charon Wardini menambah, peruntukan saham telah ditentukan iaitu 54 peratus untuk Felda Group Bhd. diikuti Koperasi Permodalan Felda (20 peratus), kakitangan (dua peratus), pelabur runcit (dua peratus) dan pelabur lain (22 peratus).
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Old June 4th, 2011, 09:18 AM   #299
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Originally Posted by nazrey View Post
Najib: M'sia to play greater role in global peace and stability
Updated: Friday June 3, 2011 MYT 9:23:50 PM

Najib delivering his speech Friday

SINGAPORE: Malaysia will continue to match words with action in playing a greater role to help ensure global peace and stability, said Prime Minister Datuk Seri Najib Tun Razak.

"Malaysia has and will continue to play its role as a responsible global citizen. And, we have shown and will continue to show that our commitment is not merely rhetorical but is backed up by action," he said in his keynote address at the opening of the 10th International Institute for Strategic Studies (IISS) Shangri-La Dialogue here on Friday.

In working to secure world peace, Najib said, Malaysian peacekeepers had served under the umbrella of both the United Nations and Nato, and that from Somalia to the Balkans, Malaysian security personnel had made the ultimate sacrifice in the service of global stability.

"But ours is not simply a peacekeeping role. Malaysia contributes in many, sometimes rather unexpected, ways - for example in Afghanistan, where we are playing our part in the country's rehabilitation by sending much-needed female Muslim doctors," he said.

In the fight against global terrorism, Najib pointed out that Malaysia had also been an active player, pro-active in ensuring Malaysia became neither a hotbed nor a transit point for terrorist operations.

"This is either actively or through the sharing of intelligence with regional security apparatus. We have helped with the apprehension or elimination of terrorists like Mas Selamat, Dr Azhari and Nordin Mat Top," he said.

Citing the southern Philippines as an example, Najib said Malaysia had put in place an international monitoring team and acted as an intermediary by hosting peace talks between the Philippine government and the Moro Islamic Liberation Front.

"And in southern Thailand, we have signalled our willingness to help with the socio-economic development of the four provinces with substantial Muslim population," he said.

Bilaterally, Najib said, Malaysia was working with the United States to combat crimes like drug trafficking, terrorism and fraud, and with Australia, to tackle the issue of asylum seekers and to foster stability in the region.

Najib calls for setting up of regional rapid response team
Posted on June 4, 2011, Saturday

SINGAPORE: Malaysian Prime Minister Datuk Seri Najib Tun Razak yesterday called for the establishment of a rapid response team as a regional humanitarian body with the ability to respond to disaster when it strikes.

He said a significant degree of regional and global cooperation already existed, and building upon this would draw the major powers closer towards each other.

“Indeed, regional processes such as the Asean Regional Forum and the Asean Defence Ministers Meeting Plus 8 are already actively exploring cooperation in disaster relief and humanitarian assistance.

“And, I would like to call yesterday for the establishment of a regional humanitarian body, a new Rapid Response Team, with the ability to respond to disaster when it strikes,” he said in his keynote address at the 10th International Institute for Strategic Studies (IISS) Shangri-La Dialogue, here.

Najib said these activities were especially relevant because they fostered direct interaction between the defence and security agencies of different countries. — Bernama

Last edited by nazrey; June 7th, 2011 at 04:25 PM.
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Old June 7th, 2011, 04:24 PM   #300
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Oil&gas stocks up on Goldman upgrade
Published: 2011/06/07

KNM Group Bhd and Ramumia Holdings Bhd led Malaysian oil and gas services stocks higher in Kuala Lumpur trading after Goldman Sachs upgraded the Southeast Asian nation to “overweight” on expectations it will benefit from higher crude prices.

KNM climbed 3.1 per cent to RM1.98 at 11:54 a.m. local time, set for its highest close since April 1.

Ramunia gained 2.2 per cent to 47 sen, while Dialog Group Bhd rose 1.1 per cent to RM2.79. -- Bloomberg
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