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Discussion Starter #1
Bintulu is a coastal town in the northern region of the Malaysian state of Sarawak, Borneo. It has the world's single largest natural gas processing plant which is owned by Malaysia Liquified Natural Gas (MLNG), a subsidiary of the government-owned oil corporation Petronas. The main economic activities of Bintulu are centered on the oil and gas industry and the Bintulu Port which is Malaysia's second largest port.

Until March 2003, Bintulu had an airport which was located right in the middle of the town. The town is also known for its shrimp paste or belacan. Most families make their own shrimp paste during the shrimp season. There are five secondary schools in Bintulu - SMK Bintulu, SMK Bandar, SMK Kidurong and a Chinese independent school.

Bintulu town is a centre of Bintulu Division, situated in the northwestern part of the State of Sarawak. From a quiet fishing village in 1970s, today, Bintulu town has transformed itself into a bustling industrial centre hosting multi-billion ringgit investments. The population of Bintulu town increased dramatically from 25,000 in 1970’s to 102,761 in 2000.


 

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Discussion Starter #3 (Edited)
City Point



Public Library



Esplanade



Clock Tower



Bintulu Development Authority





Bank



Hospital



Market





Massage Centre



Wharf



Hotel

 

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Penang Skyscrapers Hunter
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Sarawak has lots of surprises!!

i heard the Bintulu port is doing very well :eek:kay:
 

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Discussion Starter #15 (Edited)
TYW said:
Sarawak has lots of surprises!!

i heard the Bintulu port is doing very well :eek:kay:

Conference on making Bintulu Port international
January 24 2006


A TWO-DAY international conference on Bintulu Port will be held in Bintulu, Sarawak, to showcase developments at the port and explore its prospects as a regional load centre.

To be officiated by Chief Minister Tan Sri Abdul Taib Mahmud, the two-day conference from March 27-28 aims to "open" Bintulu Port to the international shipping and port communities.

Conference organiser, PortsWorld, said in a statement that the initiative is consistent with the proposed strategy to foster the growth and development of Bintulu Port as a Regional Load Centre for the BIMP-EAGA region.

BIMP-EAGA is the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area.

"Bintulu Port has the potential to expand and play a more prominent role in the regional ports system," Deputy Minister of Transport, Datuk Douglas Uggah Embas said in the statement.

PortsWorld managing director G Durairaj said conference speakers include representatives from the Federal Ministry of Transport, Sarawak State Ministry for Infrastructure Development and Communication, Bintulu Port Sdn Bhd, Malaysian Industrial Development Authority, Malaysian Shipowners' Association, Inai Kiara Sdn Bhd, BIMP-EAGA Business Council, and Penang Port Sdn Bhd.

"We expect about 70 per cent of the participants from Malaysia, including about 50 per cent of that to come from Sabah and Sarawak. Foreign delegates are expected from Singapore, Indonesia, the Philippines, Vietnam and Thailand," he said.

A highlight of the conference will be a panel discussion on port alliances in fostering regional load at Bintulu Port.

Facilities at Bintulu Port, which commenced operations in 1983, include a dedicated container terminal, three LNG jetties, a petroleum and LPG jetty each, as well as dedicated bulk cargo wharves and a palm oil terminal.

The port handled 36.4 million tones of cargo last year, including 148,000 TEUs (twenty-foot equivalent units), and is positioning itself as regional load centre for the containerised trade in the region.
 

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Discussion Starter #16
New Evergreen service in Bintulu
07-02-2006

KUCHING: Evergreen Marine Corp has launched a new China-Indonesia-Manila service out of Bintulu International Container Terminal (BICT) last December, deploying even bigger vessels in the range of 1,812 TEUs (twenty-foot equivalent units) capacity.

'The weekly service calls direct at Manila and a few Chinese ports from Bintulu,” Bintulu Port container terminal operations senior manager Abdul Nasser Abdul Wahab told Bernama yesterday.

On market talk that the Taiwanese shipping line was scaling down their operators or could even pull out of Bintulu due to load factor, he said: “Naturally, talk about Evergreen scaling down their operations in Bintulu is not accurate”.

BICT is also served by one of South-East Asia's leading regional feeder lines Kuching-based HUBLine, which also operates weekly direct services from Chinese and Taiwanese ports to Muara, Brunei and Bintulu, but deploying smaller vessel capacity.

Shipping sources said HUBLine was likely to make a second call at BICT with a new Singapore-Bintulu service.

BICT, on the northern Sarawak coast, offers alternative direct services to and from North Asia, including Hong Kong, Taiwan and China.

Apart from HUBLine, Evergreen also makes regular scheduled calls at Bintulu, with boxes fed to local ports Kuching and Kota Kinabalu, as well as to West Kalimantan at Pontianak.

It also sends boxes to other points by smaller lines. BICT is east Malaysia's single largest container port but handled a modest 150,000 TEUs last year, only a marginal increase from the previous year.

Abdul Nasser expected growth to improve this year, with optimism based on growing containerisation of timber products such as medium-density fibreboard from the timber-rich Bintulu region. – Bernama
 

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Mi I.Ali - Loca Stoopa
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Hey I realise most Sarawakian towns/cities have animals as mascots? :D
 

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Discussion Starter #18
Bintulu Port to host conference on alliances

February 13 2006


SCOPE for alliances among ports in the national port system will be among the issues that will be featured in a two- day international conference on Bintulu Port. The conference will be open by Sarawak Chief Minister Tan Sri Abdul Taib Mahmud in Bintulu, Sarawak, on March 27.

Bintulu Port which aims to position itself as a regional hub, serving BIMP-EAGA (the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area) will explore the potential for intra-port cooperation in a panel discussion that will be participated by Northport, Penang Port, Sabah Port Authority and chaired by Pelabuhan Tanjung Pelepas.

Bintulu Port Sdn Bhd is the conference host for the Bintulu Port: Making of a Regional Load Centre Conference & Exhibition 2006. It has lined up a distinguished faculty of speakers, including from the Malaysian Industrial Development Authority (MIDA), Ministry for Infrastructure Development & Communications, Sarawak, Customs Department (Sarawak), BIMP-EAGA Business Council, Bintulu Development Authority, Malaysian Shipowners Association, Bureau Veritas and Malaysian dredging giant, INAI Kiara Sdn Bhd. - PortsWorld
 

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Discussion Starter #19
Bintulu Port can boast of 7% dividend payout
20-05-2006
The Star
Story By : TEE LIN SAY


FOR investors who are tired of having their nerves rattled by every slight volatility in the market, it's always safer to go for a resilient stock that is big on dividends. Offering a safe haven to investors due to its stability, financial muscle and prospects would be Bintulu Port Holdings Bhd. Not exciting enough? It sings along to the Sarawak theme too.

In FY05, Bintulu Port declared two interim dividends. This consisted of a first interim of 10 sen per share, and a second interim of 5 sen per share. In end-March, Bintulu Port declared a final dividend of 15 sen per share and a special dividend of 5 sen per share.

Thus, gross dividends for FY05 amounted to 35 sen. Should the special dividend of 5 sen be stripped out, the core dividend per share of 30 sen would still translate into a net dividend payout ratio of 78%.

We believe Bintulu Port can easily distribute close to 80% of its profits back to shareholders given its strong annual operating cash flows of RM133mil-RM164mil over our forecast period,กจ says an analyst from a local house.

She adds that it has a solid balance sheet, with a net cash position of RM539.8mil as at Dec 31, 2005 or RM1.35 per share.

We have assumed a 77% payout in dividends over the next two years, translating into a dividend yield of 6.7% and 7.1% in FY06 and FY07 respectively,กจ says the analyst.

For the financial year ended December 2005, Bintulu Port registered a 7.5% increase in revenue to RM386.78mil, while net profit was flat at RM111.05mil. Its subsidiary, Bintulu Port Sdn Bhd registered a total cargo throughput of 36.44 million tonnes compared with 33.62 million tonnes in the previous year with liquid bulk recording 28.86 million tonnes, break bulk 1.93 million tonnes and dry bulk cargoes contributing 1.82 million tonnes respectively. Based on these results, the stock has earnings per share (EPS) of 27.76 sen. At its current share price of RM4.56, the stock is trading at a price earnings ratio of 16.43 times.

For the coming first quarter of FY06, the analyst expects a good set of results, as the first quarter is typically its strongest quarter. She is expecting the first quarter to account for 30%-35% of her FY06 forecast of RM119mil.

The analyst expects relatively moderate EPS growth of 7% for FY06 and FY07 but projects growth momentum to accelerate to 15% going into FY08.

This will be driven by the de-bottling exercise at Malaysia LNG Dua (MLNG-2) which would raise MLNG capacity to 26 million tonnes by end-2008, from 22.7 million tonnes presently,กจ she says.

Bintulu is in the midst of realigning its activities and developing more facilities and infrastructure as it sets its target to become a world-class liquefied natural gas (LNG) port and the main port of the Brunei, Indonesia, Malaysia and Philippines-East Asean Growth Area.

While the main focus will be on the LNG sector, Bintulu Port will also cater to the non-LNG sector, focusing on palm oil and containerisation apart from other cargoes.

Capacity wise, Malaysia is currently the worldกฆs third largest producer of LNG, after Qatar and Indonesia. However, Bintulu Port is the largest integrated LNG producer in the world, in a single site. Petronasกฆ Bintulu LNG Complex houses the MLNG-1, MLNG-2 and MLNG-3 plants.

The three plantsกฆ combined capacity is 22.7 million tonnes per annum. The bulk of the output from the three plants combined has mainly been contracted on a long-term basis to buyers in Japan, Taiwan and South Korea.
 

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To all Malaysian who don't know already, Bintulu is the largest contributor to the state economy followed by Miri City. The 2 nothern urban centre of Sarawak contributes to almost 70% of state economy. This is not only due to hydrocarbon mining but also due to thriving heavy industries. Timber and agriculture are also major contributors.
 
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