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Old May 19th, 2016, 11:15 AM   #41
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Quote:
KPJ Hospital Bandar Dato' Onn, Johor

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Originally Posted by FayedLee View Post
KPJ Bandar Dato Onn

KPJ Healthcare's RM500m expansion plan
BY ZAZALI MUSA Thursday, 19 May 2016 | MYT 3:21 PM
http://www.thestar.com.my/business/b...xpansion-plan/

JOHOR BARU: KPJ Healthcare Bhd is allocating about RM500mil as capital expenditure over the next two years to expand its operations.

KPJ president and managing director Datuk Amiruddin Abdul Satar said the capex would be used to build three new hospitals and upgrading of existing hospitals in the country.

The hospitals are in Bandar Datuk Onn in Johor Baru and Kuching and they are expected to be completed by end-2017 and in Perlis, which should be ready by earl 2017.

"Malaysia is our main focus as the country still offers good growth prospects in the private healthcare services as the country is progressing and the economy is growing well," he said after the AGM on Thursday.

He said except for Kuala Lumpur and Johor Baru which have good private healthcare facilities and specialist hospitals, other state capitals still lacked private hospitals.

Amiruddin said KPJ would focus on expanding its operations by building hospitals in other states in the country to meet with the growing demand for private healthcare.
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Old May 20th, 2016, 07:35 AM   #42
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Senari Synergy signs MoU with NextBT for first Green Crude refinery in Asia
May 19, 2016, Thursday Jonathan Wong
http://www.theborneopost.com/2016/05...#ixzz49AgawkC0



Senari Synergy group managing director Jefri Ahmad Tambi (front, left) is seen exchanging documents
with NextBT CEO Michael Petras (front, right), witnessed by Awang Tengah (centre), Misnu Taha (back
row, second left), Dr Hazland Abang Hipni (left) and other VIPs. — Photo by Kong Jun Liung


KUCHING: A Memorandum of Understanding (MoU) was signed between Senari Synergy Sdn Bhd (Senari Synergy) and NextBT Group LLC (NextBT) for the proposed development of a Green Crude refining plant in Senari.

The event, witnessed by Datuk Amar Awang Tengah Ali Hassan, second minister of resource planning and environment who is also the minister of industrial and entrepreneur development investment.

Datu Misnu Taha, deputy state secretary and the chairman of Senari Synergy noted that the proposed pyrolysis plant will have a production capacity of 132,000 metric tonnes of feedstock annually while the Green Crude upgrader can process 92,000 metric tonnes of pyrolysis oil per year.

Total investment for both plants are estimated to be at RM380 million. The plants are expected cover an area of circa 30 acres at Senari Synergy Industrial Complex at Jalan Bako.

“The proposed technology for this plant will be first of its kind in Asia. This will certainly put Sarawak in the world map as being one of the key proponents to implement an efficient waste management of the biomass.

“Adding to that, the investment is projected to generate an annual revenue of RM159 million,” said Misnu.

The company with MoUs signed this year has attracted a potential investment of approximately RM680 million as foreign direct investment.

Tengah enthused that this venture will generate both growth and employment opportunities for the state.

“The investment is expected to generate roughly 600 jobs during the construction period and 100 jobs when fully operational. The investment will also provide the spin off effect to the Senari Synergy existing oil and gas jetty where it will benefit through increase throughput volume and tariff.

“In addition, the eco system in the production of Green Crude from securing the supplies until the export of the final product will be able to create and nurture pool of local technological, logistical and trading personnel with expertise in the production and global distribution of a renewable fuel,” Tengah enthused.

The technology offers the chance to have better environmental impact that is aimed at the use of non-food feedstock while the investment is in line with global trends towards reducing the dependency on fossil fuels.

This signifies the increasing importance in the use of advanced biofuels to replace the existing fossil based fuel energy by many countries.
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Old May 20th, 2016, 08:09 AM   #43
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TM partners Hurricane Electric for high-speed IP broadband services
May 11, 2016, Wednesday
http://www.theborneopost.com/2016/05...band-services/

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has signed a strategic partnership agreement with California-based Hurricane Electric (HE) to deliver high-speed internet broadband services to the emerging markets of Asia.

“Under the agreement, TM will leverage on its ownership in multiple Asia-Pacific submarine cable systems which link the major regional hubs to new and growing markets in Asia, while HE will empower TM with significantly enhanced global Internet Protocol (IP) reach,” said TM and HE in a joint statement today.

It said the partnership wouls also support TM’s High Speed Broadband Project Phase 2 (HSBB2) and Suburban Broadband Project (SUBB), as well as the broadband initiatives of TM’s subsidiary Packet One Network (Malaysia) Sdn Bhd (P1).

TM Global & Wholesale (G&W) Executive Vice-President Rozaimy Rahman said the strategic agreement harnesses the strengths of both companies, positioning them to lead the Asia-Pacific market in emerging technologies.

Meanwhile, HE Chief Executive Officer Mike Leber said the agreement has propelled both firms to move forward in their shared objective to create and deliver next-generation IP-based services to users throughout Asia. — Bernama
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Old May 24th, 2016, 07:37 AM   #44
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Edra to build RM400 mln solar plant in Kedah
BY BERNAMA - 22 MAY 2016 @ 5:05 PM
http://www.nst.com.my/news/2016/05/1...ar-plant-kedah



KUALA LUMPUR: The biggest investment seen in Kedah in years is set to become a reality with a RM400 million solar power plant by Edra Power Holdings Sdn Bhd.

The plant in Kuala Ketil will turn the once agricultural land into an industrial site and support the long-established industrial park in Kulim, said Edra President and Executive Director Datuk Mark Ling.

“The importance of having the Kedah solar plant is that it could footprint the first 50MWAC solar panel farm that will be the largest in Malaysia,” he told Bernama. Edra, recently acquired by China’s China General Nuclear Power Corp for RM9.83 billion – the largest single foreign investment in Malaysia – was excited to share the group’s vast experience in Malaysia in such a large renewable energy scheme, he said.

“The solar power plant is also to meet the government mix-fuel policy, that there must be a mix of coal and gas and maybe hydro in line with efforts to cut down the carbon emission footprint,” he added. Ling described solar energy as the most feasible renewable energy programme in the country, which does not have the luxury of wind.

The Malaysian government via the Energy Commission has put in place all the guidelines and processes for the bidding for renewable energy mix coming on stream, renewable energy on the continuous yearly, half-yearly basis based on different segments of the country to deliver and where land is a crucial factor. Ling said Kedah with abundant flat land in the right places proved to be the ideal location for solar plants compared with states like Kelantan and Terengganu which are more hilly.

“The stability of land is extremely important hence Kedah and Perlis are the first pick,” he said. He gave full marks to the Kedah state government for its very encouraging support to Edra’s programme especially in the efficiency in the conversion of the 200-acre land for the project. The existence of the plant is also expected to give a big boost to the state’s own industrialisation pace as well as the Energy Commission’s green energy statement and Malaysia’s going green programme. Ling said the plant would also enhance local development in the area for the community such as providing jobs and other spill-over effects.

“It will also eventually turn a lot of agricultural land in the state into industrial land. Apart from the investment land development, there’s also clearly people migrating to live in Kedah because there will be businesses created from job opportunities,” he said. -- BERNAMA
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Old June 3rd, 2016, 12:19 PM   #45
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WZ Satu bags RM65.37mil Rapid contracts
Thursday, 2 June 2016 | MYT 8:11 PM
http://www.thestar.com.my/business/b...pid-contracts/

KUALA LUMPUR: Construction and mining firm WZ Satu Bhd has clinched two contracts worth RM65.37mil in relation to the piping erection for Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project.

It said in a filing with Bursa Malaysia on Thursday that its unit Misi Setia Oil & Gas Sdn Bhd (MSOG) on Monday received a RM46.75mil job from the Petrofac E&C Sdn Bhd to carry out field installation of pipes, fittings, pre-fabricated pipe spools, valves and in-line instrument valves for Rapid project’s package 4.

This 16-month contract followed a pipe spool pre-fabrication subcontract received on April 12 under the same package worth RM18.62mil and spanning 10 months.

“These contracts have put MSOG in a good stead to secure more contracts of such a nature in the future,” the company said.

WZ Satu on Wednesday announced that it had signed a heads of agreement with Silk Holdings Bhdto buy tolled highway concessionaire Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd for RM368mil.

WZ Satu shares shed 7 sen to close at RM1.10 on Thursday, with 1.646 million shares traded.
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Old June 3rd, 2016, 12:35 PM   #46
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Barakah bidding for RM1.7b of jobs
BY NADYA NGUI Wednesday, 1 June 2016 | MYT 2:21 PM
http://www.thestar.com.my/business/b...1pt7b-of-jobs/



KUALA LUMPUR: Barakah Offshore Petroleum Bhd is bidding for RM1.7bil worth of jobs in the local and international markets.

Group president and chief executive officer Nik Hamdan Daud said on Wednesday the company had also secured RM1.6bil of orders despite the overall slowdown in the oil and gas industry.

Last year, the group only managed to secure RM170mil of work orders.

The company said that most of its new jobs, such as the Petronas Carigali's pipeline inspective gauges trap maintenance for Malaysia, as well as the repair and maintenance of Sabah-Sarawak Gas Pipeline will keep the group busy until 2018.

Moving forward Nik Hamdan said the group is confident that its lean business model and cost cutting measures will make Barakah resilient and put the group in a good position to tap on a sustained recovery in the oil and gas industry.

"We are on track to be able to survive this," he said.
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Old June 8th, 2016, 07:16 AM   #47
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Muhibbah buys land to set up RM2bil maritime hub
Tuesday, 7 June 2016
http://www.thestar.com.my/business/b...-maritime-hub/



“This will enlarge the group’s maritime and fabrication capacity to cater for future business growth
in the defence, commercial and fabrication sectors,” Muhibbah said in a filing with Bursa Malaysia.


PETALING JAYA: Muhibbah Engineering (M) Bhd is buying a 202.3ha piece of land in Gebeng, Kuantan from Perbadanan Setiausaha Kerajaan Pahang.

The company said it intended to develop a RM2bil maritime hub at the location, focusing on industrial activities such as ship building, repair works and fabrication of offshore structures.

“This will enlarge the group’s maritime and fabrication capacity to cater for future business growth in the defence, commercial and fabrication sectors,” Muhibbah said in a filing with Bursa Malaysia.

Muhibbah had paid a deposit of RM2.84mil and the balance of the total land premium of RM 23.61mil would be paid in cash progressively. Upon payment made by Muhibbah, the state government will transfer the land title to Muhibbah, the group said. The other components of the hub will include a technical training institute, maritime industry centre and mixed development projects.

Pahang Mentri Besar Datuk Seri Adnan Yaakob said Muhibbah had initially applied for a 404.69ha plot but the state executive council could only approve half of that at this time. Muhibbah has operations in several countries in Asia, the Middle East, Europe, Oceania and North America.

Its businesses include infrastructure and building work, to marine and port construction, airport and airline support facilities and crane production.
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Old June 17th, 2016, 08:56 AM   #48
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AE Multi to invest RM140m in tie-up with JMT Kelantan for hydro-power plants
Thursday, 16 June 2016 | MYT 7:24 PM
http://www.thestar.com.my/business/b...-power-plants/



Signing on behalf of JMT is managing director Navamaaran Puspanadan (left) while AEM was represented by managing director Yang Chao Tung.
It was witnessed by AEM executive chairman Yang Wu Hsiung.



KUALA LUMPUR: Printed circuit boards manufacturer AE Multi Holdings Bhd is venturing into renewable energy industry with a proposed investment of RM140mil in a tie-up with JMT Kelantan Baru Sdn Bhd.

AEM will team up with JMT which designs, constructs and operates mini hydro-power plants.

AEM signed a heads of agreement with JMT on Thursday. Pursuant to the agreement, both parties will negotiate the terms and conditions of the proposal. The plan is to finalise and ink a definitive agreement within 45 days.

JMT shall grant AEM the right to operate and maintain two 10 megawatt (MW) integrated flood mitigated mini-hydro power project in Joh Labok and Temangan in Machang, Kelantan.

AEM shall be entitled to 80% of the total profit from the sale of power to Tenaga Nasional Bhd under the renewable power purchase agreements (REPPAs) signed between JMT and the power company.

This is conditional upon AEM investing RM140mil and AEM will undertake a corporate exercise to raise funds for the investment.

As for JMT, it will design, build and commission the renewable energy installation projects.

JMT is the holder of two feed-in approvals issued by the Sustainable Energy Development Authority Malaysia for two renewable energy installations which it will build.

Signing on behalf of JMT was managing director Navamaaran Puspanadan while AEM was represented by managing Director Yang Chao Tung. It was witnessed by AEM executive chairman Yang Wu Hsiung.
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Old June 18th, 2016, 06:46 AM   #49
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MAHB’s traffic growth for domestic airports in line
June 14, 2016, Tuesday
http://www.theborneopost.com/2016/06...ports-in-line/

KUCHING: Malaysia Airports Holdings Bhd’s (Malaysia Airports) year to date (YTD) traffic growth for Malaysian airports was generally in line with analysts’ targets and forecasts.

In a filing on Bursa Malaysia, Malaysia Airports’ passenger traffic snapshot for May 2016 indicated that YTD passenger traffic for airports in Malaysia grew 3.1 per cent year on year (y-o-y) to 35.4 million.

According to the research arm of Kenanga Investment Bank Bhd (Kenanga Research), Malaysia Airport’s 3.1 per cent y-o-y-YTD total Passenger growth for all airports in Malaysia was inline with its three per cent target.

Kenanga Research noted that the 3.1 per cent growth was above management’s 2016 target of 2.5 per cent.

Cumulative year-to-date traffic growth of 3.1 per cent for Malaysian airports was also in line with the research arm of MIDF Amanah Investment Bank Bhd’s (MIDF Research) forecast of three per cent.

Meanwhile, Istanbul Sabiha Gocken International Airport’s (ISG Airport) 15.5 per cent growth y-o-y-YTD was within expectation as the research arm targeted double-digit growth as guided by management.

Kenanga Research further noted that in May, KLIA Main enjoyed a growth of six per cent y-o-y (International: up 0.8 per cent; Domestic: up 22.6 per cent).

“We note that this is the first month in 2016 in which they recorded a positive y-o-y growth,” the research arm said. “This positive domestic growth was due to Malindo and Lion Air shifting their operations to KLIA Main from KLIA2 since March 15, 2016 coupled with significant improvements in load factor for both carriers.”

As for KLIA2, Kenanga Research noted that it registered weaker total passenger growth, which was only up 2.3 per cent y-o-y whilst it recorded growth range of 7.6 per cent-25.5 per cent in the previous four months.

The research arm believed this was due to the shift of operations of Malindo and Lion Air in March 2016 as mentioned above.

“However, its international passenger traffic growth remains strong at 6.8 per cent but dragged down by the domestic side which registered growth of -5.5 per cent y-o-y,” the research arm said.

Kenanga Research highlighted that ISG Airport recorded total passenger growth of 10.4 per cent y-o-y for May.

“ISG Airport continues to record double-digit growth of 15 per cent domestically, while its international traffic was only up by 1.8 per cent.

“We note that the international growth in May was up from the previous negative growth of 0.8 per cent experienced in April due to unfavourable security sentiment in addition to the new visa regime, which has affected inbound tourism,” the research arm said.

Nonetheless, Kenanga Research was not overly concerned over its international traffic growth, as ISG’s core focus is still on the domestic market.

Cumulative five month growth for ISG Airport narrowed to 15 per cent y-o-y, in line with MIDF Research’s forecast of 15 per cent but below management’s target of 20 per cent.

“Including ISG Airport, Malaysia Airports’ total passenger traffic recorded an increase of four per cent y-o-y growth in the month of May 2016,” the research arm said.

All in, MIDF Research maintained its ‘neutral’ call on Malaysia Airports.

The research arm was cautious on Malaysia Airports due to the group’s high costs associated with financing, operating and maintaining both klia2 and ISG Airport.

In contrast, MIDF Research believed that Malaysia Aiports could see rerating should it benefit from better than expected capacity growth from MAS-Emirates tie-up which kicks off in March 2016, deeper and more proactive cost-cutting measures to reduce costs and merger and acquisition activity and further details on KLIA Aeropolis project.
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Old June 18th, 2016, 07:03 AM   #50
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Malaysia's LTE subscription to increase to 61pct by 2021
BY LIDIANA ROSLI - 14 JUNE 2016 @ 7:53 PM
http://www.nst.com.my/news/2016/06/1...ase-61pct-2021

SUBANG JAYA: Ericsson (Malaysia) Sdn Bhd expects LTE subscription in Malaysia to increase from the current 21 per cent to 61 per cent by 2021. This, according to Ericsson Malaysia and Sri Lanka's president Todd Ashton, is in line with the group's findings in the latest edition of the Ericsson Mobility Report.

"LTE subscription will continue to grow in the Southeast Asia (SEA) and Oceania region and is expected to reach 100 million LTE subscriptions in this year alone," he told reporters at a media briefing held today.

"Malaysia, Australia, Singapore, Indonesia, the Philippines and Thailand are among the countries in the region that are rolling out LTE and continuing to improve coverage. In fact, Malaysia is expected to hit 61 per cent LTE subscription by 2021, from the current 21 per cent."

Ashton noted as well that by 2019; LTE will be the dominant mobile access technology in Malaysia as well as globally.

The report also expects Malaysia to double its smartphone subscription penetration rate from 25 million currently to more than 40 million by 2021. There are currently five billion unique mobile subscribers globally.

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Old June 18th, 2016, 07:06 AM   #51
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Bioeconomy Corp to build RM500mil Langkawi Cosmetic Island
BY CHERYL YVONNE ACHU - 13 JUNE 2016 @ 11:47 PM
http://www.nst.com.my/news/2016/06/1...osmetic-island

KUALA LUMPUR: Malaysian Bioeconomy Development Corp (Bioeconomy Corp) and France-based industry association Cosmetic Valley are joining forces to develop a RM500 million customised cluster model, Langkawi Cosmetic Island in Langkawi, Kedah by end of this year.

Spanning over a 300ha site in Ulu Melaka, the cluster development comprises three phases. Bioeconomy Corp chief executive officer Datuk Dr Mohd Nazlee Kamal said the entire development is expected to be completed in the next five years.

"The first phase of this development will kick off sometime in December," he told a press conference after signing and exchanging a collaboration proposal agreement here today. The event was officiated by Minister of Science, Technology and Innovation Datuk Seri Madius Tangau. Nazlee added that the customised cluster is expected to house facilities that can cater for a variety of purposes, including manufacturing, packaging, formulation, product development as well as production of high-value materials in plantations.

The synergy between both parties is expected to transform Malaysia into the Asean gateway for herbal, cosmetics and perfumery. The proposed collaboration agreement seeks to establish an international network for business development and collaboration among Malaysian and French companies as well as to facilitate collaborative research development and innovation activities in both countries.

The development of this collaboration can encourage more companies and researchers to leverage on the proposed infrastructure for the expansion of the bio-based business, besides generating more innovative products that can contribute to the global market. "With the support from Cosmetic Valley, we can achieve the goal of developing a dynamic herbal, cosmetics and perfumery industry," Nazlee said.

Previously known as Malaysian Biotechnology Corp Sdn Bhd, Bioeconomy Corp is also collaborating with Kedah state government and several private sectors to implement this customised cluster, which will cover the entire value chain of herbal, cosmetics and perfumery industry.

"This has the potential to catalyse new economic expansion and increase revenue streams for Kedah, further boosting bioeconomy growth in the state," Nazlee added. Earlier, Tangau said the cluster development project will be part of rhe larger bioeconomy agenda in further pushing forward the local cosmetics and perfumery industries to the global scene.

"Malaysia will be the first in Asean to build the herbal, cosmetics and perfumery cluster in collaboration with France," he said.

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Old June 19th, 2016, 06:36 AM   #52
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All eyes on Westports
BY SHARIDAN M. ALI Saturday, 18 June 2016
http://www.thestar.com.my/business/b...-on-westports/



Big capacity: Last year Westports handled 9.1 million TEUs of containers, 30 of which were from CMA CGM.

Investors keen to know impact of largest shipping alliance on its operations

HOW Westports Holdings Bhd will be impacted by the formation of the largest shipping alliance is a question that many of its investors must be keen to know.

This is because French liner CMA CGM, one of the four members of the alliance, could potentially shift some of its shipping traffic from Westports to Singapore following its takeover of Singapore shipper Neptune Orient Lines (NOL) to expand its presence on trans-Pacific routes.

There are also news reports saying that CMA CGM is moving its Asia’s headquarter to Singapore from Hong Kong.

Additionally, the alliance could also change its four-member shipping lines’ “usual” port rotation to be more efficient and cost effective.

The answer to that remains unclear though, as explained by Westports chief executive officer Ruben Emir Gnanalingam.

“While reports have suggested that a million 20-ft equivalent units (TEUs) or about one-third of CMA-CGM volume will move to Singapore, what is important is the movement of the alliance.

“Unfortunately it is too early to have visibility on the full impact of that at the moment. We anticipate this year’s growth to be just under last year’s growth and we are confident it will be achieved.

“We expect to have more visibility towards the end of this year for next year and beyond,” he tells StarBizWeek.

On the other hand, Ruben explains that the Ocean Alliance is a very large, or perhaps will be the largest, shipping alliance.

“There is no way the majority of the cargo can go through Westports as we just would not have the capacity in the near future,” he says.

Last year, the port operator handled 9.1 million TEUs of containers, 30% of which were those from CMA CGM. The modest TEUs target for this year was largely based on volatile global economic environment.

Westports is currently the regional hub for the Ocean Three Alliance, which comprises CMA CGM, China Shipping Container Lines and United Arab Shipping Co.

Cosco Container Lines and Orient Overseas Container Line currently use PSA Singapore while Evergreen uses the Port of Tanjung Pelepas.
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Old June 20th, 2016, 06:28 AM   #53
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Gamuda a strong contender for high-profile development projects — Analysts
June 20, 2016, Monday
http://www.theborneopost.com/2016/06...ects-analysts/

KUCHING: Gamuda Bhd (Gamuda) is viewed as a prime beneficiary of new infra projects such as the Pan Borneo Highway, LRT 3, Gemas-Johor Bahru Double Tracking and KL-Singapore HSR, analysts observed.

In a report, the research arm of BIMB Securities Sdn Bhd (BIMB Securities Research) noted that Gamuda’s ability in securing major infra projects is brought to bare as it has secured the country’s single largest infrastructure contract ever.

“Gamuda, via its MMC-Gamuda joint venture (JV) has again demonstrated its forte as a tunnelling specialist by securing the underground works package from MRT Corp for the MRT Line 2 project (SSP Line) worth RM15.5 billion.

“This is the biggest infrastructure contract ever secured by a local construction company. The scope of works comprises the design, construction and completion of tunnels, 10 underground stations, and other associated works,” it said.

Beyond the MRT project, the research house believed that Gamuda’s bidding activities and contracts in the pipeline remain intact.

It also expect a more active 2016 ahead with imminent projects namely the Pan Borneo Highway, LRT 3, Gemas-Johor Bahru Double Tracking, and KL-Singapore High Speed Railway.

“Gamuda definitely will be in the forefront for the new infra projects to further replenish its construction orderbook. Among these projects are the LRT 3 and Pan Borneo Highway which are expected to be awarded in the not too distant future.

“Gamuda is also eyeing sub-contract works for the Gemas-Johor Double Track. Gamuda has now adopted a strategy of not relying on a single major project such as the MRT project.

“This strategy is to ensure that it has a balanced orderbook which will not be exhausted before a new project comes in, hence ensuring a sustainable earnings growth for this division,” it said.

BIMB Securities Research also noted that Gamuda is known for its expertise, led by an experienced management team.

“Over the years, Gamuda has expanded its business horizon from construction into infrastructure and property development.

“The management team has a deep understanding of the construction business and consequently companies’ strategies have been well executed and led to a successful track record of growth and financial strength,” it said.

“Over the years, Gamuda has been involved in various infrastructure projects both domestic and international such as the Ipoh–Padang Besar Electrified Double Track, KVMRT SBK and SSP Line, Damansara–Puchong highway, Shah Alam Expressway, Dukhan highway in Qatar, Kaohsiung Metropolitan MRT in Taiwan – just to name a few.

“In addition, the Gamuda-MMC JV has also been recognised as a specialist in local tunnelling projects, having completed the SMART and MRT projects,” it explained.

On the flip side, for Gamuda’s property segment, BIMB Securities Research said the property division continues to lose momentum due to the sluggish domestic property market.

“However, its overseas projects in Vietnam have helped to cushion the decline in domestic property sales.

“Property sales as of the first half of the financial year 2016 (1HFY16) fell by 28 per cent year-on-year (y-o-y) to RM385 million (60 per cent from overseas project).

“We expect management to reveal new property sales target for FY16 in the upcoming 3QFY16 results by end June.

“However, the property division has unbilled sales of RM1 billion, spread over two years. At the moment, Gamuda is focusing on planning and securing approvals for new township projects (Kundang Estates, Bandar Serai) both in Selangor, which will be launched later this year to boost its sales,” it added.

The research house expect Gamuda’s earnings to consolidate in FY16 but it also expected a healthy recovery in FY17.

“We expect FY16 earnings to decline by 4.3 per cent to RM652.7 million due to the decrease in construction recognition as MRT I works comes to a tail end, and lower property billings following the slower jobs progress and lower sales volume,” it said, noting that last year, the toll hikes have also affected traffic volume but it has shown signs of recovery.

Overall, it expect strong earnings growth ahead for Gamuda. It opined, “We are positive with its earnings outlook from FY17 onwards once the MRT2 project shifts into higher gear.

“Our new earnings forecast will see a two-year compounded annual growth rate (CAGR) of 14.5 per cent from FY16 to FY18 compared to minus 4.3 per cent from FY14 to FY16.

“With construction orderbook and unbilled property sales now at RM8.3 billion and RM1 billion respectively, we estimate the group to register net earnings of RM652.7 million, RM717.4 million and RM855.7 million for FY16, FY17 and FY18 respectively.”

BIMB Securities Research pegged a ‘buy’ call on the stock.

Quote:
Workers on the KVMRT TBM. From an assignment for Herrenknecht Gmbh/ MMC Gamuda

_8A00808 copy by Ming Thein, on Flickr
_8046831 copy by Ming Thein, on Flickr
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Old June 20th, 2016, 07:09 AM   #54
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Taiwanese firm sees Malaysia as pioneer in solar panel industry
BY BERNAMA - 20 JUNE 2016 @ 11:43 AM
http://www.nst.com.my/news/2016/06/1...panel-industry

NEW YORK: A Taiwanese solar panel company recognises Malaysia’s pioneering work in the solar panel sector and has expressed an interest to enter into cooperation with a reliable Malaysian partner. Motech Industries Inc, which is located in Tainan City, started in 1981 as a testing and measurement instruments designer and manufacturer but evolved into a full-service global solar company.

The company has its own research and development operations as well as manufacturing facilities for solar products and services, ranging from photovoltaic (PV), silicon wafers, PV cells and PV modules to PV power systems. The company, which had an annual revenue of US$756 million in 2015 and claims to be the largest merchant PV cells manufacturer in the world with a 3.3 Gigawatt (GW) production capacity, has maintained commercial ties with Malaysian producers of solar panels even though Malaysians do not make solar cells needed for the solar panel end product.

“Malaysia is a strong and emerging site for international companies dealing in solar panels, produces some of the components in solar panels, and also has a small production facility for solar cells.

“Malaysia imports solar cells from Taiwan and China which are the largest producers of solar cells. Demand for solar panels is much higher. Aluminium frames and glass are also needed, some of which can be sourced in Malaysia itself.

“In Malaysia, solar panels are mostly assembled though the country is also gradually moving towards manufacturing the full product. “But Malaysia, thanks to its early involvement in the solar panel business, has become an important partner in the solar supply and value chain,” Peng Heng Chang, Motech’s chairman and CEO, said in an interview with Bernama on Friday in New York. Chang said his company’s major markets are the United States, China, Japan, Europe, India and Southeast Asia. “Southeast Asian markets, particularly Indonesia and Malaysia, are promising for us. The regional demand is increasing. We have no collaboration yet with a Malaysian partner, but we are open to looking into any form of cooperation with a local (Malaysian) company.

“We already have a collaboration with an Indonesian partner, and would also consider collaboration with a Malaysian partner. There are two other big Taiwanese companies that have formed joint ventures in Malaysia with Malaysian partners.

“Yes, we would also be interested in collaborating with a Malaysian company, but we are keen to find a good and reliable partner,” Chang said. Chang said global supply of solar panels amounts to 90GW with demand at about 70GW. “However, many of the solar panel plants are old and need to be upgraded and modernised, and will have to be replaced, thus generating further demand,” Chang said. He said Western suppliers have their strengths in supplying equipment needed for the manufacture of these products while Southeast Asia, including Malaysia, has a better qualified and cost-effective labour force.

“I see demand in Malaysia and Indonesia for solar cells is growing. Solar panels have become attractive, particularly for the smaller islands in Malaysia and Indonesia. “Solar panels are suitable for the islands because of their detached location from each other,” he noted. The solar panel industry in Malaysia, Chang said, is characterised by the pioneering prowess displayed by Malaysian companies which work closely with the country’s research institutions.

“In particular, the innovation and technological level in Malaysia is high, even though Malaysia’s focus so far has been on assembly. However, this is changing and Malaysia is making its own solar cells for the panels. “The synergies emerging from cooperation between Taiwanese and Malaysian companies can be very beneficial to both sides, given Malaysia’s strong base in electronics and semi-conductors, and Taiwan’s abundant availability of qualified industry experts.

“This combination can build up a strong base for partnership in the solar panel business,” Chang said. Chang is part of a visiting Taiwan business and trade delegation led by Kuo-Hsin Liang, the chairman of Taiwan External Trade Development Council, the island republic’s trade promotion agency.

The delegation, which is also visiting Washington, DC to participate in the Investment Summit being organised by the US Commerce Department, includes heavyweight corporate players such as AAEON Technology, Aerospace Industrial Development Corp, Fair Friend Group, Formosa Plastics Group, Formostar Garment Co, KENDA Rubber Industrial Co, Kinpo Electronics Inc and TEX-RAY Industrial Co. The delegation also includes high-ranking officials representing the Bureau of Foreign Trade in Taiwan’s Ministry of Economic Affairs. -- Bernama
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Old June 21st, 2016, 08:53 AM   #55
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Destini’s unit secures first rail manufacturing contract
Monday, 20 June 2016 | MYT 8:16 PM
http://www.thestar.com.my/business/b...ring-contract/

KUALA LUMPUR: Destini Bhd’s (Destini) wholly-owned subsidiary, System Enhancement Resources & Technologies Sdn Bhd, has secured its first rail manufacturing contract valued at RM62mil from the Transport Ministry.

In a statement, the integrated engineering solutions provider said the contract was for the design, manufacture, supply, delivery, testing and commissioning of a new motor trolley and a new road rail vehicle for Keretapi Tanah Melayu Bhd.

The contract is expected to last two years and will be completed in July 2018 and with the contract win, Destini’s total orderbook now stands at about RM730mil, it added.

Destini managing director Datuk Rozabil Abdul Rahman said leveraging on the group’s expertise in the aviation and marine sector, the group had set its sights on the rail sector.

“We are pleased that our efforts have come to fruition as this contract award signifies our maiden foray into the rail sector.

“With the opportunity given to demonstrate our capabilities, we look forward to expanding our scope of work into other new areas within the rail sector,” he said.

The group would be submitting tenders for more rail maintenance repair and overhaul (MRO) as well as manufacturing projects and it hoped to clinch more contracts within this year, he added.

Once the group established a strong base locally, he said, it would naturally be looking into expanding rail-related opportunities overseas.

“By adding on new capabilities to the group, we aim to position ourselves as a leading provider of MRO and manufacturing services for the aviation, marine and rail sectors.

“We are targeting to have a well-balanced portfolio of jobs spread out across these sectors in the coming years,” he added. - Bernama
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Old June 21st, 2016, 08:55 AM   #56
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Malaysians are overall ‘digital frontrunners’ - Telenor survey
Monday, 20 June 2016 | MYT 6:03 PM
http://www.thestar.com.my/business/b...elenor-survey/

KUALA LUMPUR: Malaysians are the overall ‘digital frontrunners’ compared to other nations’ Internet users, leading Internet communication within Telenor’s global footprint.

Digi, releasing findings of a study by parent company Telenor’s research arm Telenor Research, said in a statement that digital frontrunners referred to digitally advanced young people who used Internet on their mobile phones.

The survey, covering 16-35 year old digital frontrunners in Malaysia, Thailand, Pakistan, Serbia, Hungary, Sweden and Norway, found that a resounding 62% of respondents in Malaysia consider mobile apps the “most important” communication service available to them on a mobile phone.

“This is in stark contrast to all other surveyed markets which consider mobile voice services to be the most important. Only 19% of Malaysian agreed voice calls to be the most essential,” Digi said.

Supporting this finding is Malaysians’ high daily use of Internet communications at about 85%, and low daily use of telecommunications services at roughly 65% — the highest and lowest indicators respectively across all surveyed markets.

Digi said messaging apps were noted as the preferred Internet communication service for being in touch with others, with 80% using this on a daily basis.

The rising popularity of messaging apps in Malaysia is equally reflected in most of the surveyed countries, although there are variances. More than half of the respondents in all surveyed countries said they use messaging apps several times a day. Only two nations noted less than 50% usage, including Sweden at 44% and Pakistan at a notable 29%.

For one-to-one communications on mobiles via the Internet, Malaysians can’t get enough of WhatsApp; only a small 3% of those surveyed saying they use it less than once a month.

However, the situation varies in other countries, with Thais opting for LINE, Pakistanis equally choosing WhatsApp, Serbians employing Viber and Swedes preferring email. Overall, Facebook remains uniformly strong across all the surveyed countries in addition to their cited top preferences.

After messaging apps, Malaysian digital frontrunners use daily to several times per day traditional mobile voice (56%) and SMS services (49%) on their phones, trailed by newer Internet voice communications (34%) and video calls (28%).

However, the ‘daily’ use of SMS communications services for Malaysians has dramatically declined from 88% in 2012 to 73% in 2014 and finally 49% in 2015, among those surveyed for this study.

“Reflecting the same pattern is the daily social media posting in Malaysia, which went from 48% in 2012, peaked at 58% in 2014 and then dropped in 2015 to 42%. Malaysians’ use of Internet voice and video calls followed similar peaks in 2014, indicating the country’s frontrunners’ use may be linked to early adoption when new technologies are first launched,” Digi said.

The Telenor Group study was carried out in the fourth quarter of 2015 on a sample of 5,600 people. The way these users apply Internet on their mobiles, gives indications as to how the wider demographic in the respective countries will adopt mobile Internet in the years ahead, Digi said.

“It is crucial to have surveys like this one looking at ‘digital frontrunners’ who can help forecast future industry trends,” said Telenor Research head of research Bjørn Taale. “Not only is this information beneficial in planning our digital services, it is also interesting to see the resemblance between nations as diverse as Thailand, Hungary, Pakistan or Norway. Just when we think that two nations may be following the same evolution, local nuances show that we are as unique as we are similar.”

Overall, Asia leads in adoption of new mobile Internet services. This is underscored by Malaysian respondents who cited some of the highest percentage of weekly usage across the surveyed markets in map services (50%) and playing games (68%).

“Given our presence across diverse regions in Asia and Europe, we need to listen to our customers and evolve alongside them. If we find that that millennial Malaysians cherish their messaging applications or online shopping is a passion for young Thais, then it’s our job as the leading regional digital service provider to track that and meet their needs,” said Taale.
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Old June 22nd, 2016, 06:27 AM   #57
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Analysts positive on TNB’s expansion plan
June 21, 2016, Tuesday
http://www.theborneopost.com/2016/06...xpansion-plan/

KUCHING: Tenanga Nasional Bhd’s (TNB) plan expand the dry bulk terminal in Lumut has been viewed positively by analysts as the move could ensure a sustainable coal supply for the power company.

In a report, the research arm of AmInvestment Bank Bhd (AmInvestment Bank) said it is positive on the expansion plan as it would ensure sustainable coal supply to cater to TNB’s generation needs.

It maintained a ‘buy’ call on TNB as it believed electricity demand would remain strong in the second half (2H) given the dry spell in April to May and the peak demand achieved in recent months.

According to a news report, TNB said it might invest RM700 million to triple the terminal’s coal handling capacity to 30 million metric tonne (MT) annually from circa 10 million MT currently.

It added that prospective contractors can be part of a consortium or a joint venture (JV).

“The investment is part of TNB’s long-term plan expansion plan that includes upgrading its coal handling facilities. Currently, TNB imports coal through three discharge points – Lumut Port, Jimah power plant, and Tanjung Bin power plant.

“We are not surprised with the news as it follows our recent visit to the dry bulk terminal, when management noted of plans to expand the port. Plans include lengthening the jetty, building a blending facility as well as converting existing land at the site into a coal stockyard for the nation,” it said.

Currently the terminal – which could handle Capesize vessel with 170,000 DWT – mainly supplies coal to the Janamanjung power complex (3,110MW) nearby.

“The complex (four plants currently operating) supplies 25 per cent of Peninsular Malaysia’s total electricity requirement,” it said.

“Management said that the expansion would allow it store one million MT of coal on the stockyard, which may serve as feedstock for other power plants nationwide. There are also plans for the port to serve as a redistribution centre to sell coal to other countries.

“Hence, it is also considering the investment of a blending facility to blend coal of different calorific values – a move that may be critical due to the shortage of quality coal globally.

“This is currently in the conceptual stage and may cost RM90 million. Currently, there are no blending facilities in Malaysia.

“All in, management is targeting to get approval for its expansion proposal by year-end. The expansion is expected to be completed by 2019 to 2020,” the research report said.
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Old June 22nd, 2016, 06:29 AM   #58
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‘Mitrajaya looking for more infrastructure jobs’
June 21, 2016, Tuesday
http://www.theborneopost.com/2016/06...tructure-jobs/

KUCHING: Mitrajaya Holdings Bhd (Mitrajaya), which is tendering for jobs worth RM3.6 billion, is reportedly looking for more infrastructure jobs, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) says.

According to MIDF Research, out of the RM3.6 billion, RM2.2 billion is made up of infrastructure projects and the remaining RM1.4 billion are mainly building jobs from developers.

“Topping that, it is preparing for tenders worth RM1 billion. For the infrastructure works, it will be focusing on Damansara-Shah Alam Expressway (DASH), Pan Borneo Highway and Petronas’ Refinery and Petrochemical Integrated Development (RAPID) in Pengerang, Johor.

“We understand that the APPL Engineering-Emax Synergy-Mitrajaya consortium had put in bids for all eight packages for Pan Borneo Highway,” the research arm said.

MIDF Research noted that outstanding orderbook at RM1.69 billion that will last the company until 2019.

It further noted that the major jobs are: MACC Buildings at Precinct 7, Putrajaya (RM286 million), MK22 Condos at Mont Kiara (RM317 million) and PJ Midtown complex building and external works at Seksyen 13, Petaling Jaya (RM293 million).

On Mitrajaya’s property arm, MIDF Research highlighted that it is backed by unbilled sales of RM169.8 million, mainly from Wangsa 9 Residency.

“Income recognition from this project should be higher in the next few quarters as construction works for the first phase is already 35 to 40 per cent completed.

“This year, it plans to launch two blocks of 408 apartments worth RM73 million and 24 units of double-storey shop offices at Sungai Rengit, Pengerang valued at RM24 million,” the research arm said.

On a side note, MIDF Research pointed out that Mitrajaya’s current project in South Africa is coming to a tail-end with 10 per cent of the remaining land area to be sold.

The research arm noted that it could be able to recognise up to RM26 million for the remaining 73 acres and could develop 140 units of houses over the next three years there.

“To replenish its landbank in South Africa, Mitrajaya has bought a parcel of 215 acres for RM10.4 million,” the research arm said.

“The new piece of land is expected to have a gross development value of RM415.6 million that could be developed over four years.”

All in, MIDF Research maintained its fair value for Mitrajaya which was derived from 11-fold financial year 2016 (FY16) earnings per share (EPS) forecast of 14.15sen.

The research arm said that the valuation of 11-fold was in line with the average price earnigns ratio (PER) among small-mid cap construction players.

“Its FY16F earnings will be supported by outstanding orderbook of RM1.7 billion as well as unbilled property sales of RM169.8 million,” the research arm added.



Read more: http://www.theborneopost.com/2016/06...#ixzz4CHNVMDMM
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Old June 22nd, 2016, 06:33 AM   #59
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Infrastructure tenders to dominate in second half of 2016
June 22, 2016, Wednesday
http://www.theborneopost.com/2016/06...-half-of-2016/

KUCHING: Analysts believe infrastructure awards will dominate in the 2H driven by packages for KVMRT2, LRT3, Pan Borneo Highway, SUKE and DASH.

To date, the research arm of AmInvestment Bank Bhd (AmInvestment Bank) estimated MRT Corp to have been awarded circa RM22 billion worth of major KVMRT2 packages out of the total RM32 billion value.

Major packages awarded include the underground works, four viaduct packages, and three system packages. Four main packages for Pan Borneo were also awarded. Awards for the RM9 billion LRT3 project will begin in 2H.

Construction awards in 1Q16 fell 66 per cent on year to RM11.9 billion especially in March which recorded the lowest in terms of number of projects and value.

“Nevertheless, we foresee a strong rebound as major awards were dished out in the later part of 1H. 2H will be stronger on imminent rollout of major awards,” it opined.

“We believe awards for the RM9 billion LRT3 will come in earnest in 2H following the completion of the pre-qualification stage with 96 out of 124 applicants making the cut. A total of 24 companies/consortia have been pre-qualified for three system works packages, 22 companies for large infrastructure jobs, 22 bumi companies for restricted tenders, and eight companies for the tunnelling portion.”

Companies qualified for the open category of the LRT infrastructure jobs include Gamuda, WCT, IJM, Ikhmas Jaya, Kimlun, Sunway Construction, Bina Puri, and Mudajaya.

Notable companies in the bumi category include Naim, Zecon, MTD Group and TSR Capital.

According to local media reports, there are reportedly only three infrastructure packages up for grabs in the open category and six in the bumi category. Meanwhile, familiar names eyeing tunnelling works include Gamuda, IJM, Sunway Construction, WCT and Muhibbah Engineering.

Last week, Prasarana handed the qualification letter to 24 companies/consortia for three system packages. Foreign firms make up most of the list, with companies such as Mitsubishi-Sumitomo consortium, Alstom, Posco and Beijing Sheenline.

Particularly, the first consortium has prequalified for all three system packages.

Local companies involved in the bid include Ikhmas Jaya, Pestech, Ekovest and Apex Communications. The remaining system package is for the supply of rolling stocks.

According to Prasarana, the first set of awards will come within two to three months. The entire tender process will end with the final award of the last scheduled tender by year-end. Prasarana has confirmed the alignment and location of all 26 stations, and begun land acquisitions.

Recall that MRCB and George Kent were appointed the project delivery partner for LRT3, which will earn a management fee of 6 per cent of the total project cost.

The line will span 37km from Bandar Utama to Johan Setia, Klang with 2km of the alignment underground.

The line is slated for completion in 2020.

Besides that, the research house also expects more KVMRT2 tenders and awards in the 2H.

Based on the tender schedule, four system work packages are currently under evaluation while the tender for viaduct package V204 is expected to close in August. Upcoming tenders include the remaining six viaduct packages and four elevated station packages.

“Based on an average price of RM320 million per km, the viaduct packages could be worth RM1.2 billion-RM1.4 billion,” said AmInvestment Bank.

“Apart from the familiar big boys, companies we like as beneficiaries of KVMRT2 jobs include Kimlun, Econpile and Ikhmas Jaya for piling works.”

Awards for the remaining eight main Pan Borneo packages may be announced as soon as mid-July, according to project delivery partner (PDP) Lebuhraya Borneo Utara Sdn Bhd (LBU).

Tenders were closed on May 30 and a total of 13 pre-qualified companies/consortia are bidding for the remaining eight packages worth an average of RM1.5 billion each.

Recall that four packages for Pan Borneo have been awarded since April last year with works for these packages have reached the five per cent mark.

“For the main work packages, we like the chances of KKB-WCT, CMS-Bina Puri, Naim-Gamuda, and Ikhmas-Titanium JVs. The local Sarawakian parties have a 70 per cent stake in the JVs.

“Other Peninsular-based companies in the running include Sunway Construction, IJM Corp and MRCB. We also like KKB and Sarawak Cable as beneficiaries of the utilities packages with CMS as a main supplier of raw materials,” enthused the research house.

“We continue to like specialist contractors such as Kimlun, Econpile and Ikhmas Jaya to secure specialised contracts in the 2H. Kimlun had clinched the SBG supply for KVMRT2 worth RM200 million in March; it is a favourite to secure the TLS contract potentially worth circa RM50 million.”

As a leading piling specialist, Econpile may secure piling works for KVMRT2 in addition to those for property-related contracts. As a more diversified contractor with specialty in piling and bridge construction, Ikhmas is currently bidding for jobs for Pan Borneo, SUKE, DASH, and LRT3.

Particularly, AmInvestment Bank believe Ikhmas stands a good chance to secure Pan Borneo packages with high bridge content. Sarawak Cable is also a niche player that will benefit from power transmission line projects in Sarawak and Peninsular Malaysia.

“All in, we believe new awards and tenders will continue to drive the construction sector in the 2H.”
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Old June 24th, 2016, 08:44 AM   #60
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Benalec gets DOE green light for Johor job
Friday, 24 June 2016
http://www.thestar.com.my/business/b...for-johor-job/



Reclamation works for Phase 1 of the Tanjung Piai project began in December last year.

PETALING JAYA: Benalec Holdings Bhd has received the green light from the Department of Environment (DOE) for all three phases of its Tanjung Piai Integrated Petroleum and Petrochemical Hub and Maritime Industrial Park (TPMIP) project in Johor.

The civil engineering firm said yesterday that it had received the approval to commence reclamation works for Phase 2 and 3 of the project.

This follows the earlier approval for Phase 1 of the project in January 2015.

In a filing with Bursa Malaysia yesterday, the company said the Detailed Environmental Impact Assessement submitted by its 70%-owned subsidiary, Spektrum Kukuh Sdn Bhd (SKSB), and Johor State Secretary Inc had received approval from the DOE for the two phases of the project last Friday.

The approval, it said, was for the balance reclamation area of 2,407 acres (of the total reclamation area of 3,487 acres).

According to reports, among the directors of SKSB are the Johor crown prince Tunku Ismail Idris Sultan Ibrahim and Daing A Malek Daing A Rahaman, who are said to be partners to Benalec in the Tanjung Piai project.

The company said the approval encompasses the reclamation construction for all three phases of TPMIP, oil storage terminals and related marine facilities, which will be capable of accommodating vessels up to 350,000 deadweight tonnage.

“The approval also includes infrastructure components on TPMIP such as jetties, a land bridge connecting TPMIP to the mainland of Tanjung Piai, and drainage channel dredging activities in the waters of Tanjung Piai, Johor,” it added. Reclamation works for Phase 1 commenced in December last year after the relevant approvals were secured, and there has been formation of land covering more than 100 acres at the project to date, it said in the statement. Its reclamation and development works for the Pengerang Maritime Industrial Park at Teluk Ramunia, Johor, had also secured the development order and earthwork plan approvals.

By P. [email protected]
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