Sunday, June 12, 2011

Perak looking at investors to build two steel mills

Saturday May 28, 2011
By EDMUND NGO
edmundngo@thestar.com.my


THE Perak government is trying to woo investors to build two steel mills in the state with a projected investment amounting to RM18bil.

State executive councillor Datuk Hamidah Osman said the products from the steel mills would be exported.

He said under the proposal, three foreign companies from South Korea, Japan and India have shown interest in the project.

The steel mills would require 125ha of land each to be built.

”We are also looking for key investors to tap into the iron ore mining potential in Perak,” she said.

Hamidah said if successful, the projects would generate downstream activities and boost the local automobile and construction industry sectors.

She said the proposal came about after Brazilian mining giant Vale International SA was granted approval to develop an iron-ore complex and its own jetty in Teluk Rubiah, Lumut, worth over RM9bil for its iron-ore transhipment project.

Hamidah said Vale has drawn up its engineering plans and construction should start in July or August.


“Vale mines the iron ores and the supply can be directed to the steels mills,” she said after receiving a courtesy visit from the Malaysia My Second Home (MM2H) Agents Association in Ipoh.

The association’s president Jeremy Yeong said some of the MM2H participants had expressed their interest in investing in the country.

He also said the state government should hold a two-day cultural carnival in conjunction with Visit Perak Year in 2012 to attract foreigners to make Perak their second home under the MM2H programme.

Saturday, June 11, 2011

Perak Yes to site for RM5.8b LNG project

The Perak state government has approved a 60-hectare site in Tanjung Hantu in Manjung for liquefied natural gas (LNG) project involving an investment of RM5.8 billion.

State Industry, Investment, Entrepreneur Development, Tourism and Women Affairs Committee chairman, Datuk Hamidah Osman, said the project would be undertaken by Atigas Technology Sdn Bhd.

"The company will import the LNG from Qatar," she told a media briefing in Ipoh today.

Hamidah said the LNG project, the second in Asia after Singapore, was expected to generate 3,000 jobs.

"The plant is expected to attract more industries to move to Perak, especially near Manjung," she said.

She said the government was expected to save RM2 billion in subsidy a year because Atigas would sell the gas at the same subsidised price.

Meanwhile, Atigas managing director, Tang Hock Leng, said the project would involved two phases, with RM2 billion investment for the first phase which would start within a year and RM3.8 billion for the second phase.

"The company would build 20 LNG tanks in the first phase and 15 in the second phase. The first shipment of the LNG from Qatar will arrive within the first 15 months from now," he said.

Tang said the company planned to set up 350 LNG stations, including 100 exclusively for fishermen. -- Bernama

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110609211049/Article/index_html

Published: 2011/06/09

A New Billion Shopping Centre At Manjung?

Had anybody noticed that Billion shopping centre is building a new building somewhere opposite the Macdonald?

It's quite interesting, as Billion shopping centre has been in operation at the existing location for over 20 yrs i guess. They could have visualized the future of Manjung development and started to move its store to the main road.