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MALAYSIAN VENTURES TO THE WORLD 2020
China | Petroliam Nasional Bhd (Petronas)
Qatar | Malaysia Airlines Berhad
Taiwan | Gamuda Bhd
Pakistan | MMC Corp Bhd / FGV Holdings Bhd
Brazil | MISC Bhd
Nepal | MaxMoney Sdn Bhd
Kazakhstan | Reach Energy Bhd
UK | MTD Group
India | Eversendai Corp Bhd
Qatar | Eversendai Corp Bhd
Brazil | MISC Bhd
India | Mudajaya Group Bhd
Oman | Serba Dinamik Holdings Bhd
China | Unisem (M) Bhd
Australia | MUI Properties Bhd
South Korea | Bank Negara Malaysia (BNM)
China | Kelington Group Bhd
Chile | Malaysia Airlines Berhad
Japan | Petroliam Nasional Bhd (Petronas)
UAE | Maybank Islamic Berhad
USA | Genting Bhd
India | IHH Healthcare Bhd
IHH Healthcare's partner interested in buying out this JV
Chong Jin Hun February 25, 2020 13:26 pm +08
KUALA LUMPUR (Feb 25): IHH Healthcare Bhd's joint venture (JV) partner Apollo Hospitals Enterprise Ltd is interested in buying out IHH's stake in the Apollo Gleneagles hospital in Kolkata, India, to gain full control of the asset, Business Standard reported quoting Apollo Hospitals managing director Suneeta Reddy.

It was reported that the Apollo Gleneagles hospital is a 50:50 JV between Apollo Hospitals and Parkway Group, which is a part of IHH.

“We do have an interest in buying out that JV. We think Kolkata has potential and Apollo’s brand name in that market is very strong,” Reddy was quoted as saying on Monday (Feb 24) during Apollo Hospital’s earnings call for the quarter ended December 2019.
https://www.theedgemarkets.com/article/ihh-healthcares-partner-interested-buying-out-jv
 

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Samsung begins work on $220m Vietnamese R&D centre



Work began without an inaugural ceremony, originally scheduled for Saturday, owing to fears over the coronavirus.

Vietnam recently acted to prevent tourism from areas such as South Korea that have been hit by the outbreak.

Located in the city’s upmarket Tay Ho (West Lake) district, the R&D centre will have 16 storeys above ground and three underground floors, with a total floor area of 80,000 sq m.

When complete towards the end of 2022 it will have 800 staff working on Samsung products, as well as emerging technologies such as artificial intelligence, 5G networks, the internet of things and big data. As well as the laboratories, it will offer staff a gym, a clubhouse and a sky garden.

Choi Joo Ho, Samsung’s general director for Vietnam, said in a statement that the centre would be a strategic milestone in the firm’s 12-year investment history in Vietnam. He added: “This is also where we realise our commitment to contribute to the development of Vietnam’s science and technology through training and nurturing talented human resources in the field of high technology.”

The Korean company has invested about $17bn in Vietnam, making it the largest single source of foreign funding, and making Vietnam its largest manufacturing hub.
http://www.globalconstructionreview.com/news/samsung-begins-work-220m-vietnamese-rd-centre/
 

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MALAYSIAN VENTURES TO THE WORLD 2020
China | Petroliam Nasional Bhd (Petronas)
Qatar | Malaysia Airlines Berhad
Taiwan | Gamuda Bhd
Pakistan | MMC Corp Bhd / FGV Holdings Bhd
Brazil | MISC Bhd
Nepal | MaxMoney Sdn Bhd
Kazakhstan | Reach Energy Bhd
UK | MTD Group
India | Eversendai Corp Bhd
Qatar | Eversendai Corp Bhd
Brazil | MISC Bhd
India | Mudajaya Group Bhd
Oman | Serba Dinamik Holdings Bhd
China | Unisem (M) Bhd
Australia | MUI Properties Bhd
South Korea | Bank Negara Malaysia (BNM)
China | Kelington Group Bhd
Chile | Malaysia Airlines Berhad
Japan | Petroliam Nasional Bhd (Petronas)
UAE | Maybank Islamic Berhad
USA | Genting Bhd
India | IHH Healthcare Bhd
UK | Tenaga Nasional Berhad (TNB)
TNB acquires remaining 20pct interest in UK RE subsidiaries
By NST Business March 4, 2020 @ 1:10pm

KUALA LUMPUR: Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary, Tenaga Wind Ventures UK Ltd, acquired the balance 20 per cent interest in two UK renewable energy (RE) companies on March 2 for £18.6 million pound in cash.

TNB said the acquisition of GVO Wind Ltd and Bluemerang Capital Ltd is as initially agreed in the share purchase agreements signed with the sellers, Georg von Opel and Tanzanite BV and Catalin Breaban, on February 28, 2018.

With this acquisition, TNB now owns 100 per cent asset and control over the two companies and their respective assets via Tenaga Wind.

TNB said these companies are the largest feed-in tariff (FiT) wind portfolio in the UK comprising 53 operational onshore medium wind turbines with a total combined capacity of 26.1 megawatt (MW).

TNB chief executive offcier and president Datuk Seri Amir Hamzah said the latest acquisition will form the base of TNB’s international RE business and will provide impetus for TNB’s growth strategy in the European RE market going forward.

“The acquisition is in line with our strategy to grow the RE business leveraging on existing assets, capabilities and experience.

“This strategy involves TNB expanding its roles within the RE landscape and value chain, which includes developing, owning, operating and managing a portfolio of RE assets,” he said in a statement today.

He disclosed that the initial acquisition (80 percent stake) has contributed positively to TNB’s financials and strategic objectives.

TNB has actively managed the wind farm assets since its acquisition in 2018.

The assets have performed positively, contributing RM76 million (£14.4 million pound) earnings before interest, tax, depreciation and amortisation (EBITDA) in 2019.

The assets have shown tremendous growth from 62 per cent EBITDA margin at acquisition to 74 per cent EBITDA margin in 2019, it said.
https://www.nst.com.my/business/2020/03/571611/tnb-acquires-remaining-20pct-interest-uk-re-subsidiaries



Tenaga Wind Ventures UK Ltd comprising 53 operational onshore single wind turbines, with a total combined capacity of 26.1MW spread across the UK.
http://www.tnb.com.my/tenagawind/
 

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Allocation plan for Using the New 184 EDMU [Diesel electric Multiple Units of Bi Mode type]



1. 40 carriages [10 sets] Replacing the existing Intercity Airconditioned DMU services for the competition against low cost airline -
ONLY 8 sets are for actual usages with 2 sets for standby sets including

1.1 SP 7/8 [Bangkok - Chiang Mai] -
1.2 SP 21/22 [Bangkok - Ubon Ratchathani] -
1.3 SP 39/40 and SP 43/44 [Bangkok - Surat Thani] -
1.3 SP 41/42 [Bangkok - Yala] - competition against low cost airline up to Hatyai

However, proper schedules to allow longer and better resting period to ensure healthy engines are in need.

2. 88 carriages [22 sets] for the new mid range Intercity Airconditioned DMU services - 40 trains a day
ONLY 19 sets are for actual usages with 3 sets for standby sets
2.1 BKK - Phitsanuloke - 10 trains a day [5 pairs] - competition against low cost airline
2.2 BKK - Nakhon Ratchasima - 10 trains a day [5 pairs]
2.3 Nakhon Ratchasima - Ban Ploo Ta Luang - 4 trains a day [2 pairs] - competition against low cost airline and to please the rising demands from Isan folks
2.4 BKK - Hua Hin - 2 trains a day [1 pair] -
2.5 BKK - Chumporn - 4 trains a day [2 pairs] - competition against low cost airline
2.6 BKK - Surat Thani -4 trains a day [2 pairs] - competition against low cost airline


3. 56 carriages [14 sets] for the new long distance Intercity Airconditioned DMU services - ONLY 12 sets are for actual usages with 2 sets for standby sets even though it is more likely the revival of defunct services - 12 trains a day

3.1 Bangkok - Chiang Mai - 2 trains a day [1 pair] - revived SP 11/12 - competition against low cost airline
3.2 Bangkok - Nong Khai - 2 trains a day [1 pair] - revived Special Express which has been defunct since 1992 - possibly superseding Express 75/78 and Express 77/76 - competition against low cost airline up to Udonthani
3.3 Bangkok - Ubon Ratchathani - 2 trains a day [1 pair] - superseding Rapid 135/136 (?) - competition against low cost airline
3.4 Bangkok - Nakhon Srithammarat - 2 trains a day [1 pair] - superseding Express 85/86 (?) - competition against low cost airline
3.5 Bangkok - Hatyai - 2 trains a day [1 pair] - superseding Rapid 169/170 (?) - competition against low cost airline
3.6 Bangkok - Kantang - 2 trains a day [1 pair] - superseding Rapid 167/168 (?) - competition against low cost airline up to Trang

Note: I have some serious concern about the way to set up the schedules for those trains so they will get some proper rest and maintenance to ensure proper performance without being overworking that cause frequent engine breakdown.
https://www.facebook.com/Thailand.Infra/posts/878086735963140
 

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Malaysian Asean ventures 2020:
Part 1: Thailand | Malaysian-owned AAPICO Hitech PCL
Part 2: Thailand | Radiant Globaltech Bhd
Part 3: Brunei | Proton
Part 4: Indonesia | MY E.G. Services Bhd
Part 5: Indonesia | Cuscapi Bhd
Part 6: Indonesia, Thailand | Carsome Sdn Bhd
Part 7: Vietnam | Rohas Tecnic Bhd
Part 8: Thailand | CIMB Thai
Part 9: Myanmar | Berjaya Land Bhd
Part 10: Singapore | Willowglen MSC Bhd
Part 11: Thailand | Paramount Corporation Bhd
Part 12: Indonesia | Serba Dinamik Holdings Bhd
Part 13: Thailand | Fraser & Neave Holdings Bhd (F&N)
Part 14: Laos | Kumpulan Powernet Bhd
Part 15: Indonesia | Axiata Group
Part 16: Thailand | The Export-Import Bank of Malaysia Bhd (EXIM Bank)
Part 17: Philippines | Ministry of Entrepreneur Development and Cooperatives (MEDAC)
Part 18: Indonesia | Maybank Indonesia
Part 19: Indonesia | CIMB Niaga
Part 20: Philippines | MY E.G. Services Bhd
Part 21: Thailand | Radiant Globaltech Bhd
Part 22: Indonesia | KPJ Healthcare Bhd
Part 23: Cambodia | InNature Bhd
Part 24: Vietnam | InNature Bhd
The Body Shop retailer InNature makes firm Main Market debut
Justin Lim/The Edge Financial Daily February 21, 2020 10:32 am +08



KUALA LUMPUR: The retailer and distributor of The Body Shop products, InNature Bhd, made a firm debut on the Main Market of Bursa Malaysia yesterday, as it opened at 72 sen a share, eight sen or 12.5% higher than its initial public offering (IPO) price of 64 sen.

At present, the bulk of InNature’s sales is driven by its retail business, The Body Shop. InNature has 124 The Body Shop stores — 89 in Malaysia, 34 in Vietnam, and a new one in Cambodia.

The company is looking to further expand the retail business and Fong highlighted that the potential for InNature’s business in Vietnam — where it plans to open six new stores per year over the next three years — is huge. The company expects this market to contribute more to the group in the future.

InNature’s net profit for the financial year ended Dec 31, 2019 (FY19) came in at RM30.15 million, compared with RM45.63 million for FY18, though revenue grew 4% to RM191.68 million from RM184.48 million.
https://www.theedgemarkets.com/article/body-shop-retailer-innature-makes-firm-main-market-debut
 

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Congrats to Philippines and Vietnam for having their currencies stay very stable, the strongest in ASEAN and among the strongest t in East Asia, despite the appreciation of the USD in recent weeks.
Almost all other world currencies has deprecated.
 

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Malaysian Asean ventures 2020:
Part 1: Thailand | Malaysian-owned AAPICO Hitech PCL
Part 2: Thailand | Radiant Globaltech Bhd
Part 3: Brunei | Proton
Part 4: Indonesia | MY E.G. Services Bhd
Part 5: Indonesia | Cuscapi Bhd
Part 6: Indonesia, Thailand | Carsome Sdn Bhd
Part 7: Vietnam | Rohas Tecnic Bhd
Part 8: Thailand | CIMB Thai
Part 9: Myanmar | Berjaya Land Bhd
Part 10: Singapore | Willowglen MSC Bhd
Part 11: Thailand | Paramount Corporation Bhd
Part 12: Indonesia | Serba Dinamik Holdings Bhd
Part 13: Thailand | Fraser & Neave Holdings Bhd (F&N)
Part 14: Laos | Kumpulan Powernet Bhd
Part 15: Indonesia | Axiata Group
Part 16: Thailand | The Export-Import Bank of Malaysia Bhd (EXIM Bank)
Part 17: Philippines | Ministry of Entrepreneur Development and Cooperatives (MEDAC)
Part 18: Indonesia | Maybank Indonesia
Part 19: Indonesia | CIMB Niaga
Part 20: Philippines | MY E.G. Services Bhd
Part 21: Thailand | Radiant Globaltech Bhd
Part 22: Indonesia | KPJ Healthcare Bhd
Part 23: Cambodia, Vietnam | InNature Bhd
Part 24: Cambodia, Vietnam | Public Bank Bhd
Superior performance seen as potential rerating catalyst for Public Bank
CGS-CIMB Research The Edge Financial Daily February 21, 2020 11:23 am +08
Following Bank Negara Malaysia’s move to cut overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Jan 22, Public Bank Bhd reduced its base rate by 25bps to 3.27% effective Jan 28. On the same day, it also cut its fixed deposit (FD) rates by 25bps for all tenors.

Public Bank’s 25bps cuts in base rate and FD rates were in line with our expectations. As such, we stick to our view that the OPR cut on Jan 20 will lower its financial year ending Dec 31, 2020 forecast (FY20F) net profit by 1.1% (on a full-year basis), as highlighted in our banking report dated Jan 22. We expect the bank to take similar action at the next OPR cut in the first half of 2020, which is anticipated by our economist. Based on this, the negative impact from two OPR cuts on Public Bank’s FY20F net profit will be manageable at only about 2%.

Based on our analysis, the negative impact of every 25bps OPR cut on Public Bank’s net profit (of 1.1%) is the lowest among local banks. This is because: i) its floating rate loan ratio of 77% projected for FY20F is the third lowest in the sector; ii) it has a relatively lower ratio of 26.1% for low-cost deposits (which means that it has a higher proportion of FDs which are fully repriced) versus the sector’s average of 28.9%; and iii) about 7% of its loans are from its overseas operations and, hence, will not be affected by the OPR cuts. The bank has banking operations in Hong Kong, Vietnam and Cambodia.
https://www.theedgemarkets.com/article/superior-performance-seen-potential-rerating-catalyst-public-bank

 

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Cis Indische (2011-2018)
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Indonesia's domestically driven economy could be blessing in disguise amid outbreak: ADB
March 5, 20
Indonesia may not be affected severely by the global health emergency, thanks to its minimal exposure to the global trade and its wide room to maneuver in monetary policy, the Asian Development Bank (ADB) has said.

Newly appointed ADB president Masatsugu Asakawa, speaking during a restricted media briefing in Jakarta on Wednesday, expressed his belief that Indonesia was less likely to experience a strong impact from the global outbreak compared to other countries in the region, such as Japan or Thailand. “Indonesia isn't deeply integrated in the global supply chain, so it is still considerably fortunate compared to other countries,” Asakawa said. He added that the Indonesian economy, which was primarily driven by domestic activity, was an advantage during the global health emergency.

Indonesia is heavily dependent on domestic demand, with household consumption growing 4.97 percent year-on-year (yoy) in the fourth quarter of 2019 to account for more than 50 percent of gross domestic product (GDP). Asakawa did not deny, however, that the outbreak would have a negative impact on the Indonesian economy, because it had already dampened the global tourism industry.

Many countries, including Indonesia, have issued travel bans and restricted flights to destinations with localized outbreaks in a bid to stem the transmission of COVID-19 – the disease caused by the SARS-CoV-2 virus. Although he did not provide a projection of how the outbreak might affect Indonesia, Asakawa said he believed that the country still had ample room to maneuver in macroeconomic policy and fiscal expansion to buffer the economy.
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Perry echoed Asakawa’s sentiments, saying that Indonesia’s economic growth would likely drop to just 4.9 percent in the first quarter of the year. Although this would be the lowest growth in three years, it would still fall within the 1 percentage point range of the 4.97 percent growth recorded in the fourth quarter of 2019.

“That’s not a doomsday scenario, [and is] based on the V-shaped scenario we are projecting. Recovery is likely to occur over the next six months after bottoming out in February and March,” the central bank governor said while briefing chief editors on Wednesday at BI headquarters in Jakarta.
...
 

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97,979 Posts
Malaysian Asean ventures 2020:
Part 1: Thailand | Malaysian-owned AAPICO Hitech PCL
Part 2: Thailand | Radiant Globaltech Bhd
Part 3: Brunei | Proton
Part 4: Indonesia | MY E.G. Services Bhd
Part 5: Indonesia | Cuscapi Bhd
Part 6: Indonesia, Thailand | Carsome Sdn Bhd
Part 7: Vietnam | Rohas Tecnic Bhd
Part 8: Thailand | CIMB Thai
Part 9: Myanmar | Berjaya Land Bhd
Part 10: Singapore | Willowglen MSC Bhd
Part 11: Thailand | Paramount Corporation Bhd
Part 12: Indonesia | Serba Dinamik Holdings Bhd
Part 13: Thailand | Fraser & Neave Holdings Bhd (F&N)
Part 14: Laos | Kumpulan Powernet Bhd
Part 15: Indonesia | Axiata Group
Part 16: Thailand | The Export-Import Bank of Malaysia Bhd (EXIM Bank)
Part 17: Philippines | Ministry of Entrepreneur Development and Cooperatives (MEDAC)
Part 18: Indonesia | Maybank Indonesia
Part 19: Indonesia | CIMB Niaga
Part 20: Philippines | MY E.G. Services Bhd
Part 21: Thailand | Radiant Globaltech Bhd
Part 22: Indonesia | KPJ Healthcare Bhd
Part 23: Cambodia, Vietnam | InNature Bhd
Part 24: Cambodia, Vietnam | Public Bank Bhd
Part 25: Cambodia, Myanmar | Pestech International Bhd
Pestech 2Q20 bottom line halves despite better operating profit
Adam Aziz February 21, 2020 20:32 pm +08
KUALA LUMPUR (Feb 21): Pestech International Bhd’s net profit in the second quarter ended Dec 31, 2019 (2QFY20) fell 43.78% to RM8.13 million from RM14.47 million the year before, as its increase in operating profit was muted by higher finance costs and taxes paid in the quarter.

Quarterly earnings per share fell to 1.06 sen, from 1.89 sen in 2QFY19.

Operating profit in the quarter rose 20.12% to RM21.07 million, as revenue climbed 6.84% to RM190.86 million from RM178.64 million, in line with the planned progress of ongoing transmission, distribution and rail electrification projects.

For the six months ended Dec 31, 2019 (6MFY20), Pestech’s net profit rose 12.43% to RM27.45 million from RM24.42 million previously, as the higher operating profit more than offset higher net finance costs and tax expenses in the period under review.

Operating profit rose 54.9% to RM46.79 million, on the back of a 24.94% jump in half-year revenue to RM378. 22 million, from RM302.72 million before.

On prospects, Pestech said its order book balance stood at RM1.6 billion as at end-2019, which will be realised progressively over the contract periods.

“We are also exploring various sustainable power generation and distribution projects in Malaysia, Myanmar and Cambodia through the introduction of revolutionary technology that is clean, green and commercially viable for off-grid electrification projects,” it added.
https://www.theedgemarkets.com/article/pestech-2q20-bottom-line-halves-despite-better-operating-profit
 

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Travellers from Hokkaido, Lombardy, Emilia-Romagna, Veneto, Tehran, Oom and Gilan are not allowed to enter or transit in Malaysia

https://www.thestar.com.my/news/nation/2020/03/05/seven-provinces-in-italy-japan-and-iran-added-to-malaysia039s-covid-19-travel-ban-list

Seven provinces in Italy, Japan, and Iran added to Malaysia's Covid-19 travel ban list
NATION
Thursday, 05 Mar 2020

6:38 PM MYT
By JOSEPH KAOS Jr

PUTRAJAYA: Malaysia has placed travel restrictions on seven new provinces in Italy, Japan and Iran in light of the Covid-19 outbreak.

Health director-general Datuk Dr Noor Hisham Abdullah (pic) said the areas are Lombardy, Veneto and Emilia-Romagna in Italy; Hokkaido in Japan as well as Tehran, Qom and Gilan in Iran.

"The Government has decided to temporarily restrict visitors – regardless of nationality – from entering Malaysia if they have been to these cities or provinces within 14 days of their arrival in our country.

"Malaysians are also advised to postpone travel to the areas for the time being," said Dr Noor Hisham at a press conference here on Thursday (March 5).

He was speaking after a high-level meeting on Covid-19 here which was chaired by Government Chief Secretary Datuk Seri Mohd Zuki Ali.

Prior to this, Malaysia had issued travel restrictions to visitors from Daegu city and Cheongdo district in Korea, as well as Hubei, Zhejiang and Changdu provinces in China.

Dr Noor Hisham said Malaysians in the affected areas are advised to take precautionary measures, increase their personal health care and to constantly adhere to instructions from local authorities.

Meanwhile, Dr Noor Hisham also announced five new Covid-19 cases in Malaysia, bringing the tally to 55 confirmed cases.
 

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COVID-19 virus
South Korea - 6,088 cases, 41 deaths, 88 cured
Italy - 3,144 cases, 107 deaths, 276 cured
Iran - 2,922 cases, 92 deaths, 552 cured
Japan - 1,040 cases, 12 deaths, 229 cured

https://www.theedgemarkets.com/latest-news-covid19-virus

There're many tons of Iranian in KL!!!
 

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If South Korea follows what its northern brother did by immediately closed all its borders from incoming tourists, they wouldn't be the second Wuhan now... Kim of NK has some of the best spies, they knew things are going to be this bad so much earlier
 
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