KUALA LUMPUR: The second day of The Star Property Fair 2010 saw visitors queuing up before the doors to the exhibition halls even opened at 11am.
There was much action on the property auction floor yesterday, as a crowd gathered to watch the rapid exchange of bids for choice properties.
Procurement executive Surani Sujor, 35, who was bidding for a single-storey house in Kundang, said she had wanted that property because her parents were living nearby.
“I am currently living with them and I am looking for a new place,” said Surani, who however, failed to get the house after she was edged out by a rival bidder who bought it for RM116,000.
Fung Kok Chung, 31, was luckier as he left the auction as the new owner of an RM80,000 apartment in Ulu Klang.
“I will be living there with my wife and daughter,” Fung said.
Auctioneer Foong Chon Wai said the auction received good response as 30% of the properties were sold within the first session.
Star Publications (M) Bhd marketing services general manager Iris Tan said this year’s turnout was larger, with about 10,000 visitors in two days.
“Even the number of exhibitors promoting their properties have doubled this year,” she said.
There will be four talks today on topics such as making money, interior design, asset management and earning from the property market.
The first talk will be by independent financial trainer and author Milan Doshi on 17 ways to make millions from the local real estate market, to be followed by a session on lending rate management by Acescube (M) Sdn Bhd principal and founder Kevin Cheong.
Hong Kong architect and designer Steve Leung and property developer The Haven Sdn Bhd CEO Peter Chan will give their views on interior design and property earning.
The fair is being held at Exhibition Halls 4 and 5 of the Kuala Lumpur Convention Centre. It opened on Friday and ends today at 7pm.
Saturday, November 20, 2010
Friday, November 19, 2010
Germany's Baden-Wurttemberg Keen To Invest In Malaysia
KUALA LUMPUR, Nov 19 (Bernama) -- The business community of Germany's Baden-Wurttemberg sees Malaysia as an attractive investment destination and is keen to invest here particularly in the high technology industry, says its Minister President, Stefan Mappus.
Mappus is leading a 150-member trade delegation from the German territory to Malaysia, Vietnam and Singapore to promote greater cooperation in the high-tech industries.
"While preparing for this visit, it became very obvious that the business community in Baden-Wurttemberg had economic interest in Malaysia," he said in an interview with Bernama and the Star here on Thursday.
He said the delegation to Malaysia was the first big delegation he was heading since being in office at the request of the industry.
Also present was German Ambassador to Malaysia, Dr Guenter Georg Gruber.
Baden-Wurttemberg is the third largest territory among 16 territories in Germany and is one of the wealthiest regions in Europe with a traditionally low unemployment rate.
Its main economic activity is in the automotive, medical technology, aerospace, pharmaceutical and biotechnology industries.
The delegation members's interest are in the areas of renewable energy and everything connected with high-tech, green technology and health sectors, Mappus said.
He also said the delegation viewed the Asean countries as the biggest growth market of the future and therefore making their stake and presence here early on.
Mappus said some businesses from his region had already made their investments in Malaysia and that these companies were very satisfied with their investments.
They find Malaysia politically stable and offered future prospects for them, he said.
Mappus also paid a courtesy call to Prime Minister Datuk Seri Najib Tun Razak at his office in Putrajaya yesterday.
Describing his meeting as very interesting, Mappus said among issues discussed included bilateral relations including enhancing economic and trade ties in high-technology industries.
"We talked about green technology, and high technology in general. I invited the prime minister to visit Baden-Wurttemberg."
Mappus said Najib also informed him about the future development of Asean countries and its huge market of more than half a billion people.
"He is a very likeable prime minister," he said.
Concurrent with his visit, the Baden-Wurttemberg Forum on Production Technology of the Future was also held here yesterday.
Mappus said feedback from the forum was highly satisfactory and added that coming on this trade mission to South East Asia was a right and timely decision.
The business delegation from Baden Wurttemberg left here for Vietnam this morning.
Mappus is leading a 150-member trade delegation from the German territory to Malaysia, Vietnam and Singapore to promote greater cooperation in the high-tech industries.
"While preparing for this visit, it became very obvious that the business community in Baden-Wurttemberg had economic interest in Malaysia," he said in an interview with Bernama and the Star here on Thursday.
He said the delegation to Malaysia was the first big delegation he was heading since being in office at the request of the industry.
Also present was German Ambassador to Malaysia, Dr Guenter Georg Gruber.
Baden-Wurttemberg is the third largest territory among 16 territories in Germany and is one of the wealthiest regions in Europe with a traditionally low unemployment rate.
Its main economic activity is in the automotive, medical technology, aerospace, pharmaceutical and biotechnology industries.
The delegation members's interest are in the areas of renewable energy and everything connected with high-tech, green technology and health sectors, Mappus said.
He also said the delegation viewed the Asean countries as the biggest growth market of the future and therefore making their stake and presence here early on.
Mappus said some businesses from his region had already made their investments in Malaysia and that these companies were very satisfied with their investments.
They find Malaysia politically stable and offered future prospects for them, he said.
Mappus also paid a courtesy call to Prime Minister Datuk Seri Najib Tun Razak at his office in Putrajaya yesterday.
Describing his meeting as very interesting, Mappus said among issues discussed included bilateral relations including enhancing economic and trade ties in high-technology industries.
"We talked about green technology, and high technology in general. I invited the prime minister to visit Baden-Wurttemberg."
Mappus said Najib also informed him about the future development of Asean countries and its huge market of more than half a billion people.
"He is a very likeable prime minister," he said.
Concurrent with his visit, the Baden-Wurttemberg Forum on Production Technology of the Future was also held here yesterday.
Mappus said feedback from the forum was highly satisfactory and added that coming on this trade mission to South East Asia was a right and timely decision.
The business delegation from Baden Wurttemberg left here for Vietnam this morning.
Midf Research Maintains 2010, 2011 Forecasts For TSH Resources
Midf Research Maintains 2010, 2011 Forecasts For TSH Resources
KUALA LUMPUR, Nov 19 (Bernama) -- MIDF Research has maintained its 2010 and 2011 forecasts for TSH Resources Bhd as it believed the company will benefit from higher crude palm oil (CPO) price and the improving production for the current financial year and onwards.
In its research note here Friday, MIDF said TSH's revenue was expected to increase to RM1.01 billion in 2010 and RM1.51 billion in 2011.
MIDF Research said with the positive outlook on the CPO prices and more palm trees growing to the prime maturity age, it has maintained its "buy" call on TSH at target price of RM3.50.
It said the valuation was based on its historical average price earning of 14 times forward earnings.
TSH's third quarter 2010's net profit of RM18.2 million represented only 53.5 per cent (54 per cent of consensus) of its full-year estimates.
Its revenue in the third quarter 2010 actually increased by 5.25 per cent year-on-year to RM214.3 million.
However, this was offset by a 25 per cent jump in operating expenses of RM37.4 million, it said.
KUALA LUMPUR, Nov 19 (Bernama) -- MIDF Research has maintained its 2010 and 2011 forecasts for TSH Resources Bhd as it believed the company will benefit from higher crude palm oil (CPO) price and the improving production for the current financial year and onwards.
In its research note here Friday, MIDF said TSH's revenue was expected to increase to RM1.01 billion in 2010 and RM1.51 billion in 2011.
MIDF Research said with the positive outlook on the CPO prices and more palm trees growing to the prime maturity age, it has maintained its "buy" call on TSH at target price of RM3.50.
It said the valuation was based on its historical average price earning of 14 times forward earnings.
TSH's third quarter 2010's net profit of RM18.2 million represented only 53.5 per cent (54 per cent of consensus) of its full-year estimates.
Its revenue in the third quarter 2010 actually increased by 5.25 per cent year-on-year to RM214.3 million.
However, this was offset by a 25 per cent jump in operating expenses of RM37.4 million, it said.
Attacks on 2 lawyers linked to profession?
Kuala Lumpur: The Malaysian Bar is shocked over the murder of lawyer G. Balasundram in Ipoh last Tuesday.
Its Vice-President, Lim Chee Wee, said the Bar was concerned that the assault on the victim and another which occurred four years ago might be linked to his profession.
In a statement issued here Thursday, he said Balasundram, 57, had made notable contributions through his involvement in numerous public interest litigation matters.
"His death is a loss to the bar and society," he added.
A prominent civil lawyer, Balasundram was returning home from work at 5pm when he was slashed repeatedly by two masked men armed with knives, outside his house in Taman Desa Rishah, Buntong, Ipoh.
The victim was warded at the Raja Permaisuri Bainun Hospital where he died about four hours later.
Its Vice-President, Lim Chee Wee, said the Bar was concerned that the assault on the victim and another which occurred four years ago might be linked to his profession.
In a statement issued here Thursday, he said Balasundram, 57, had made notable contributions through his involvement in numerous public interest litigation matters.
"His death is a loss to the bar and society," he added.
A prominent civil lawyer, Balasundram was returning home from work at 5pm when he was slashed repeatedly by two masked men armed with knives, outside his house in Taman Desa Rishah, Buntong, Ipoh.
The victim was warded at the Raja Permaisuri Bainun Hospital where he died about four hours later.
Singer Jamal products
Kuala Lumpur: Singer Jamal Abdillah, dubbed the Malaysian "King of Pop", is to launch his line of health and beauty products going by the name D'JA'S by early next year.
He said that the products, developed with French technology, had received the approval of the Health Ministry and he had been using them on a trial basis for the past three years.
"I have been most satisfied with the products. All the business of obtaining the rights to label the products have been completed.
Only the launch remains to be done," he told reporters when approached at the Aidiladha celebration at Rumah Pengasih in Bukit Tunku, here.
Jamal said the plan to manufacture the products was initially discussed with his good friend, Datuk Sosilawati Lawiya, last July but unfortunately the cosmetics queen was murdered on Aug 30.
Asked whether he desired to collaborate with Sosilawati's company, Jamal said there were no such plans now.
He said that the products, developed with French technology, had received the approval of the Health Ministry and he had been using them on a trial basis for the past three years.
"I have been most satisfied with the products. All the business of obtaining the rights to label the products have been completed.
Only the launch remains to be done," he told reporters when approached at the Aidiladha celebration at Rumah Pengasih in Bukit Tunku, here.
Jamal said the plan to manufacture the products was initially discussed with his good friend, Datuk Sosilawati Lawiya, last July but unfortunately the cosmetics queen was murdered on Aug 30.
Asked whether he desired to collaborate with Sosilawati's company, Jamal said there were no such plans now.
Teenager may go home after 8-month exile
Kuala Lumpur: A Malaysian teenager banished from his home state for alleged involvement in armed robberies may soon be allowed to return to his parents after nearly a year away, government lawyers said Thursday.
The case of Jagendran Panir Selvam has drawn attention to criticism by human rights activists of the government's use of security laws to detain criminal suspects without trial or to exile them to remote districts.
Jagendran was 17 when he was arrested under Malaysia's Emergency Ordinance in Selangor last December. Since then, he has been living (50km) away from his parents.
Government prosecutors claim Jagendran and several friends broke into four schools and stole computers, CD players, cameras and cash.
They were allegedly armed with machetes and tied up security guards, but none was ever charged because of insufficient evidence, the lawyers said.
They were released from police custody in March, but were ordered to live indefinitely in specially assigned districts where authorities could monitor them. Jagendran's family filed a court challenge in May, saying that he did no wrong, and seeking his return.
The Attorney General's office has agreed to submit a request to the Home Ministry for Jagendran's return because the family's interests outweigh any danger he still may pose, according to government lawyer Najib Zakaria.
It was unclear how soon the request might be approved, but Jagendran would still need to report regularly to police.
The family's lawyer, Daniel Albert, said Jadengran's return would not eliminate concerns among legal activists about other minors who have been detained or banished.
"How can we detain a minor without the right to legal counsel, without the right of being heard?" Albert said
The case of Jagendran Panir Selvam has drawn attention to criticism by human rights activists of the government's use of security laws to detain criminal suspects without trial or to exile them to remote districts.
Jagendran was 17 when he was arrested under Malaysia's Emergency Ordinance in Selangor last December. Since then, he has been living (50km) away from his parents.
Government prosecutors claim Jagendran and several friends broke into four schools and stole computers, CD players, cameras and cash.
They were allegedly armed with machetes and tied up security guards, but none was ever charged because of insufficient evidence, the lawyers said.
They were released from police custody in March, but were ordered to live indefinitely in specially assigned districts where authorities could monitor them. Jagendran's family filed a court challenge in May, saying that he did no wrong, and seeking his return.
The Attorney General's office has agreed to submit a request to the Home Ministry for Jagendran's return because the family's interests outweigh any danger he still may pose, according to government lawyer Najib Zakaria.
It was unclear how soon the request might be approved, but Jagendran would still need to report regularly to police.
The family's lawyer, Daniel Albert, said Jadengran's return would not eliminate concerns among legal activists about other minors who have been detained or banished.
"How can we detain a minor without the right to legal counsel, without the right of being heard?" Albert said
Boeing upbeat about NEM boost in US alliances
Kuala Lumpur: Boeing is upbeat about the New Economic Model (NEM) unveiled by Prime Minister Datuk Seri Najib Tun Razak as it contains "forward-looking ingredients" that can help bolster industrial partnerships between Malaysian firms and the world's largest commercial and defence aircraft manufacturer.
Dennis Muilenburg, Executive Vice-President of the Boeing Company and President and Chief Executive Officer of Boeing Defense, Space & Security, who was in Malaysia earlier this week and had met with Najib here, said the company aimed to be an enabling partner of the NEM and continue building on its partnership with the country over the long-haul.
Muilenburg, who also met the prime Minister on the sidelines of the United Nations (UN) General Assembly in New York in September, said: "We talked about that partnership and the relationship between the United States and Malaysia, which is continuing to grow in strength.
"We see Malaysia as an economic powerhouse in the region.
The leadership that Malaysia has demonstrated on the world's stage under Prime Minister Najib is very important and we are supportive of that as well as on a country-to-country level," he told Bernama in an interview.
He also commended Najib for his speech at the UN where he called on world leaders to choose moderation over extremism in efforts to promote world peace.
"The prime minister has obviously played a pivotal role in boosting Malaysia's position on the world scene.
"We have been very impressed with what he has been doing in Malaysia.
We have been very supportive of his 1Malaysia theme and the NEM that he has developed, which is now moving forward," he told Bernama in an interview.
Asked on what transpired during their talks in New York, Muilenburg said they had spoken on the opportunities that the Super Hornet fighter aircraft programme could bring to Malaysia, as the multi-role fighter aircraft "represents a way to further bolster that partnership", between the country and Boeing".
Muilenburg said his visit to Malaysia was aimed at visiting customers and industrial partners here as part of continuing efforts to be a long-term partner in the region.
He said Malaysia had been an important partner of Boeing for many decades in both commercial and defence aircraft.
"We continue to renew and build on this relationship as Boeing is serious about being a long-term partner," he stressed.
Malaysia had acquired a fleet of 8 F/A-18D Hornets, delivered in the late 1990's for use by the Royal Malaysian Air Force (RMAF).
"We aim to support this going forward," said Muilenburg, adding that Boeing had offered its new F/A-18E/F Super Hornet fighter aircraft.
When asked to elaborate, he said Boeing and the Malaysian government had discussed the multi-role combat aircraft of the future in addition to RMAF's current fleet.
Saying that the F/A-18E/F Super Hornet had proven itself as the "world's best multi-role fighter striker aircraft", he said it also offered several other advantages to customers, like providing enhanced inter-operability with the existing fleet and support for ground forces.
It also provides cost and schedule certainty in terms of what can be delivered.
"We also provide industrial participation (and) if we have industry partners in Malaysia, like Asian Composites Manufacturing Sdn Bhd supplying parts for commercial aircraft, we can look to partners for parts manufacture on the Super Hornets," he said, alluding to the possibility of producing some defence aircraft parts locally.
Having Malaysian industry participation would be an added advantage for the country and a key element in the industrial partnership equation against the backdrop of the NEM, which would include investing in Malaysian talent, resources and industrial capacity, Muilenburg said.
Dennis Muilenburg, Executive Vice-President of the Boeing Company and President and Chief Executive Officer of Boeing Defense, Space & Security, who was in Malaysia earlier this week and had met with Najib here, said the company aimed to be an enabling partner of the NEM and continue building on its partnership with the country over the long-haul.
Muilenburg, who also met the prime Minister on the sidelines of the United Nations (UN) General Assembly in New York in September, said: "We talked about that partnership and the relationship between the United States and Malaysia, which is continuing to grow in strength.
"We see Malaysia as an economic powerhouse in the region.
The leadership that Malaysia has demonstrated on the world's stage under Prime Minister Najib is very important and we are supportive of that as well as on a country-to-country level," he told Bernama in an interview.
He also commended Najib for his speech at the UN where he called on world leaders to choose moderation over extremism in efforts to promote world peace.
"The prime minister has obviously played a pivotal role in boosting Malaysia's position on the world scene.
"We have been very impressed with what he has been doing in Malaysia.
We have been very supportive of his 1Malaysia theme and the NEM that he has developed, which is now moving forward," he told Bernama in an interview.
Asked on what transpired during their talks in New York, Muilenburg said they had spoken on the opportunities that the Super Hornet fighter aircraft programme could bring to Malaysia, as the multi-role fighter aircraft "represents a way to further bolster that partnership", between the country and Boeing".
Muilenburg said his visit to Malaysia was aimed at visiting customers and industrial partners here as part of continuing efforts to be a long-term partner in the region.
He said Malaysia had been an important partner of Boeing for many decades in both commercial and defence aircraft.
"We continue to renew and build on this relationship as Boeing is serious about being a long-term partner," he stressed.
Malaysia had acquired a fleet of 8 F/A-18D Hornets, delivered in the late 1990's for use by the Royal Malaysian Air Force (RMAF).
"We aim to support this going forward," said Muilenburg, adding that Boeing had offered its new F/A-18E/F Super Hornet fighter aircraft.
When asked to elaborate, he said Boeing and the Malaysian government had discussed the multi-role combat aircraft of the future in addition to RMAF's current fleet.
Saying that the F/A-18E/F Super Hornet had proven itself as the "world's best multi-role fighter striker aircraft", he said it also offered several other advantages to customers, like providing enhanced inter-operability with the existing fleet and support for ground forces.
It also provides cost and schedule certainty in terms of what can be delivered.
"We also provide industrial participation (and) if we have industry partners in Malaysia, like Asian Composites Manufacturing Sdn Bhd supplying parts for commercial aircraft, we can look to partners for parts manufacture on the Super Hornets," he said, alluding to the possibility of producing some defence aircraft parts locally.
Having Malaysian industry participation would be an added advantage for the country and a key element in the industrial partnership equation against the backdrop of the NEM, which would include investing in Malaysian talent, resources and industrial capacity, Muilenburg said.
Subscribe to:
Posts (Atom)