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.

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.

A Jusco in Manjung?

According to TheEdge, YNH Property Bhd is setting up a Jusco Manjung soon.

“For this year and next, the contribution of Manjung Township to the company’s revenue will increase as we managed to get Jusco to set up a regional mall and the Pantai Healthcare group to set up its hospital there,” he said.

Also, according to TheEdgeProperty, YNH Property Bhd through its wholly own subsidiary Kar Sin Bhd is set to build a Jusco in Manjung that covers 31.256 acres of land, where do you think this land is? As there's not many land in prime area Manjung that has this size. We shall see...

YNH to work with AEON on new shopping centre
  
By E Jacqui Chan
Monday, 28 February 2011 00:01

KUALA LUMPUR: YNH Property Bhd (YNH) will develop and lease AEON Sri Manjung Shopping Centre in Manjung Point Township.

YNH via its wholly-owned subsidiary, Kar Sin Bhd entered into an agreement to lease with AEON Co (Malaysia) Bhd (AEON) on Feb 25, it said in a Bursa announcement on the same day.

“We are very happy to work with AEON, with their track record of managing shopping centre all over Malaysia. We believe this collaboration will enhance our property’s value, image and reputation,” said Daniel Chan, YNH head of corporate strategy.

The company believed the new shopping centre will enhance the value of the remaining 1000 acres of undeveloped land in Manjung Point township. Additionally, it will contribute positively to the future earnings of the company.

The shopping centre will cover about 31.256 acres of land with a total gross floor area of 661,097 sq ft. The total construction cost is about RM135.10 million and the development is scheduled to be completed by November 2012.

Latest Shopping Mall in Sitiawan, One Town Avenue

Do you notice there's a construction going on right now beside TESCO? While i believe not many people have noticed it.

Here's some information that i got.

It's a new development of a boutique shopping mall that is up and coming.

According to its Facebook pages, it consists of 6 screen cinema, bowling alley, fashion street, F&B outlets, IT center and family karaoke.

And it should be under construction now, since it's targeted to complete by Oct 2012.

Finally, sitiawan shopping queens and kings would have a new place to go to...

TESCO Sitiawan has finally opened!

TESCO Sitiawan

12 Jan 2011 was the day when TESCO Sitiawan officially opened!

Everybody were anxiously waiting for this hypermarket to launch after seeing the roadside signage being put up some time ago that its construction has started, it's also after having Giant for couple of years.

If you're living in Sitiawan for some time, you would probably heard people saying the same thing over and over when Giant was being constructed  many years ago....it goes like this..."Sitiawan got so many people meh??"

You  would be surprised!

The shopping mall is packed with shoppers everyday since its opening, probably also because it's opened closer to Chinese New Year, let's see whether the crowd will maintain.

TESCO Sitiawan Hypermarket

Everything About Sitiawan

I decided to start this blog to track activities and happening in Sitiawan.

Sitiawan has grown rapidly these recent years due to some investment activities as well as the development of Royal Malaysian Navy's naval base in Lumut.

Many of bigger shopping malls have also started appearing in the town of Sitiawan, like Giant and Tesco, which in turns phase out Fajar, Looking Good, Parkson, Matahari and others.

There are plenty of other developments which i'll be talking about soon.