Casino only open to foreigner and local need to pay for enter. Same like Singapore casino.

SUPER GOOD NEWS TO BJCORP. WILL LIMIT UP ?

Malaysia weighs casino licence to revive Forest City
Published Thu, Apr 25, 2024 · 09:34 AM
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MALAYSIA is in early discussions with tycoons on opening a casino in Forest City, sources familiar with the matter said, in a bid to revive the beleaguered US$100 billion property project that counts the country’s monarch as one of its shareholders.

Prime Minister Anwar Ibrahim met Berjaya founder Vincent Tan and Genting Group’s Lim Kok Thay last week at the development on the southern coast of Malaysia near Singapore, the sources said, asking not to be identified because the information is private. King Ibrahim Iskandar was also represented, the sources said.

The talks are preliminary and it’s unclear how seriously Anwar is taking the idea, which could cause a backlash in the Muslim-majority nation where gambling is frowned upon.


A casino would be a boost for Forest City, the sprawl of high-rise condominiums built on reclaimed land by the Chinese developer Country Garden Holdings. It has struggled to attract residents from China and elsewhere, thwarted by a litany of hurdles including political resistance in Malaysia, a Chinese government crackdown on citizens buying real estate overseas and the Covid-19 pandemic.

It would also be a boon for King Ibrahim, a billionaire businessman himself who controls more than 20 per cent of the joint venture with Country Garden that’s the master developer of Forest City, according to company filings. Members of the royal family or proxies of the king may also be invited to take a stake in any casino, one of the sources said.

Anwar, senior government officials and the businessmen had lunch and meetings on the possibility of granting what would only be Malaysia’s second-ever casino licence.

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Country Garden is keen to have a casino at the development, a source with knowledge of the matter said, asking not to be identified because the information is private.

A spokesperson for Berjaya said the company is not aware of any conversation between Prime Minister Anwar and Tan on the potential development of any casino in Forest City. The prime minister’s office, the National Palace, Country Garden and Genting did not respond to requests for comment.

The two tycoons are among the most prominent businesspeople in Malaysia. Lim is the chairman of Genting. His father, Lim Goh Tong, won approval in 1969 to open Malaysia’s first casino in a hill resort in a central part of the country. Genting also operates casinos in countries including Singapore, the US and the UK.

Tan is involved in businesses ranging from real estate development to operating brands such as 7-Eleven and Starbucks in Malaysia. He has long harboured ambitions of winning a casino licence in Malaysia, but has been rejected at least twice, according to local media reports. King Ibrahim directly holds a stake in Berjaya Assets, while his daughter is the chair of Berjaya and the rail unit of Berjaya Land.

King Ibrahim, the sultan of the southernmost state of Johor where Forest City is located, ascended to Malaysia’s throne in January. Malaysia has a unique constitutional monarchy where nine hereditary Malay rulers take turns to serve five-year terms.

Any move to develop another casino in Malaysia could become a challenge for Anwar, who heads a coalition government made up of almost 20 parties. Gambling is prohibited under Islam and Muslims are barred from even entering Malaysia’s casino.

Gaming is one of the most regulated sectors in Malaysia. A casino licence has to be renewed every three months at the discretion of the finance minister. Anwar also holds the finance minister post.

But a new gambling hub would bring in revenue for the government. The existing casino contributed as much as RM5 billion (S$1.4 billion) annually before the pandemic, according to a report by UOB Kay Hian, a Singapore-based brokerage.

Forest City is built on land near Singapore, which is linked to Johor by a bridge. The city-state agreed with Malaysia in January to jointly develop a special economic zone in the state to boost trade between the two neighbours. Having a casino in Johor would appeal to Singaporeans who have to pay S$150 for day entry into one of the city-state’s casinos.

Once China’s largest developer by sales, Country Garden has become one of the biggest casualties of the nation’s real estate crisis. The company recently warned it will miss a deadline for reporting annual results, causing its shares to be suspended from trading in Hong Kong. BLOOMBERG

Company will make announcement after market close at 5pm.

Limit Up soon.

HTPADU win NIISE project ?

AATeam 股票投资团队
https://www.facebook.com/photo/?fbid=789045819927772&set=pcb.789042549928099

PDZ hit 8sen. Market talk Abang Abdillah Izzarim Abang Abdul Rahman Zohari buying. Dun know true or not. If true, i think can easily goreng to 20sen just like MINETEC.

PDZ strong buying momentum. Dun know the rumour is true or not.

What I heard is Sarawak Premier son Abang Abdillah Izzarim Abang Abdul Rahman Zohari buying stake in PDZ. That why share price suddenly up before market close at 12.30pm.

AWANTEC CEO AZLAN BIN ZAINAL ABIDIN start buying in market last friday. This showing good news will coming and price will sharp rise soon.

23 Nov will release QR. Expect will turn around to made RM2Mil profit.

All big funds accumulated AWANTEC. Short term target 50sen, long term target RM1.00.

Short term target 50sen.

AWANTEC Top Shareholder:-

ARECA DYNAMIC GROWTH FUND -----13.06%
AFFIN HWANG MULTI-ASSET FUND -----12.49%
ECO CLOUD ASSETS SDN BHD ---------- 10.10%
CIMB INVESTMENT BANK BERHAD ------- 2.28%

According to annual report, CIMB Investment Bank hold 18,000,000 (2.28%) shares in AWANTEC as at 29 Sept 2023.

CIMB INVESTMENT BANK also look good AWANTEC.

CIMB INVESTMENT BANK BERHAD buy into AWANTEC. According latest annual report, CIMB got 2.28% stakes.

Google, M'sian govt on strategic collaboration, skill opportunities for 300,000 by 2026

SAN FRANCISCO (Nov 15): The Malaysian government and Google on Wednesday announced a strategic collaboration to create inclusive growth opportunities for more Malaysians and home-grown companies in the fast-growing digital economy.

The collaboration brings both parties together to help businesses of all sizes advance their digital competitiveness through skilling programmes, investment in digital infrastructure, responsible artificial intelligence (AI) innovation, and cloud-first policies, Google said in a statement here on Wednesday.

“This latest commitment by Google, aimed at accelerating local innovation and talent development in the field of AI, will certainly boost the nation's digital competitiveness, in line with the Madani Economy Framework and the New Industrial Master Plan 2030 (NIMP 2030),” Prime Minister Datuk Seri Anwar Ibrahim said on Wednesday.



Building an ecosystem for a thriving innovation-based economy
Cyberjaya is a shining example of the nation’s commitment to technological advancements and innovation. Its journey began when it was conceived as part of Malaysia’s Multimedia Super Corridor (MSC) initiative in 1997, aimed at creating a high-tech environment that would attract global technology companies, foster innovation and attract foreign direct investments (FDIs).

The Madani Economy Framework aims to increase the size of Malaysia’s economic pie, as well as ensure that all stakeholders — particularly the rakyat and small businesses — will enjoy the ensuing socio-economic benefits, he said.

Google said the latest initiatives are built on its investments in Malaysia over the last 12 years.

In 2022 alone, the company’s products and programmes supported more than 47,900 jobs and also contributed, directly and indirectly, an estimated US$2.8 billion (RM13.15 billion) in economic benefits to local businesses.

“The partnership we are announcing today (Wednesday) with the government of Malaysia aligns Google’s local mission of Advancing Malaysia Together with the government’s goal to create a supportive ecosystem for innovation that includes more meaningful and equitable job opportunities,” said Alphabet and Google president and chief investment officer Ruth Porat.

Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz welcomed Google’s continued contributions to the rakyat and home-grown businesses, especially through programmes that nurture skilled talent and help Malaysia’s small businesses scale regionally.

“Apart from supporting the achievement of the NIMP 2030’s missions, these will also enhance Malaysia’s overall global competitiveness to foreign investors. The Ministry of Investment, Trade and Industry and its agency, the Malaysian Investment Development Authority (Mida), will do our utmost to facilitate Google’s planned investments in Malaysia.”

Inclusive skilling opportunities for 300,000 Malaysians by 2026
To provide Malaysians from all backgrounds with more digital training opportunities, Google Cloud, CloudMile and Trainocate are making five digital learning paths available at no cost.

“Accessible through the GoCloud programme — which aims to upskill 300,000 Malaysians by 2026 — the learning paths consist of online courses to help individuals better apply generative AI, data analytics and cloud-based productivity tools.”

Learners who complete the five learning paths will earn digital skills badges that they can share on their resumes and extended 30-day access to more learning paths at no cost.

Google said this is built on Gemilang, a digital training programme that has provided 31,000 Google Career Certificate scholarships to less fortunate individuals in partnership with educational institutions and non-profits.

“This helps Malaysians earn professional certifications — at no cost — for entry-level jobs in high-demand fields such as data analytics, IT support as well as e-commerce and digital marketing.”

Besides this, the government and Google Cloud will embark on joint AI launchpad initiatives to create new jobs, enhance public service delivery and help local companies tap into global markets.

Google will also support the government’s refinement of its existing Cloud First Policy for Malaysia, contributing policy expertise and its Secure AI Framework to account for the latest advancements in cloud computing and AI.

This reinforces the government’s efforts to prioritise the use of resilient, cost-efficient, and innovation-driven cloud services over capital-intensive on-premise systems, while aligning with global best practices on data privacy and security standards.

Lesson learnt, Awantec picks up the pieces and moves on
https://theedgemalaysia.com/node/688997

AWANTEC (5204) - The Worst Is Over !
https://klse.i3investor.com/web/blog/detail/asiabio/2023-11-04-story-h-215973868-AWANTEC_5204_The_Worst_Is_Over

Tan Sri Quek want to sell 70% SSTEEL at RM956Million. This equal to RM2.30 per share. Now share price only 80sen, still got 3x upside.

Hong Leong Group looking to sell its 70% stake in steel manufacturer for as much as RM956 million.

PETALING JAYA: Southern Steel Bhd’s shares surged 31.25% or 18 sen on reports that billionaire Quek Leng Chan’s Hong Leong Group is considering selling its stake in the steel products manufacturer for as much as US$200 million (RM956 million).

It hit an intraday high of 74 sen before paring its gains and closing at 73.5 sen with 1.32 million shares traded. People familiar with the matter said the Quek-controlled Hong Leong Group is working with advisers on the planned divestment of its 70% stake, according to a Bloomberg News report.Should the deal go through at the higher range of the valuation, it would be more than double the company’s current market value of RM438.29 million. headtopics.com

Additionally, they said the conglomerate and its advisers have reached out to companies within the industry and financial investors in gauging their interest. Apart from Hong Leong Manufacturing Group Sdn Bhd and Signaland Sdn Bhd, which are members of Hong Leong Group Malaysia, its other shareholders include the founding business families based in Penang, according to its website.

Southern Steel was listed in in 1993 on the Kuala Lumpur Stock Exchange, now known as Bursa Malaysia.

Tan Sri Quek want to sell at RM2.30 per share.

Last min sapu, deal look confirm

Pray for limit up today 97.5sen.

Waooo, RM1.25 per share still got 50% upside from current share price 80sen now.

Albukhary, 70% stakes in SSTEEL sell at RM750Mil ?

Price up even company denied the news, meaning deal going to announce very soon.

SSTEEL deal going to announce soon ?

Strong buying momentum this morning. Should able to break 40sen soon. Huge contract on the way

Wah ... strong buying interest come. Now more and more ppls notice Pworth is Anwar cronies Rashid Hussain stock. More upside ahead.

OPCOM link to Tun Mahathir limit up, Thriven link to Muhhidin limit up. But Anwar Ibrahim Pworth only 2.5sen !! I sure it will limit up soon. Since no many ppls notice this stock link to Anwar.

Our next Prime Minister Anwar Ibrahim stock finally break 22sen. Will it limit up today ??

Yes. buy before limit up.

Those mahathir and muhhidin stock all rise at least 50% to 100%. But this anwar stock only rise 7.5%. Pworth still got huge upside !

Rashid Hussain is close cronies of Our next Prime minister Anwar Ibrahim. Pworth will be another Opcom and SAPNRG.

Dun miss to buy Pworth !!

Pworth boss Rashid Hussain is close cronies of Anwar Ibrahim our next prime minister !

When confirmed, u will no able to get at cheap price now. From the price movement, big player is buying.

I still remember another SPAC stock "Reach", Reach-wa price rise from lowest 2sen to highest 17sen after successful buying an assets. Will Rsena-w repeat the history of Reach-wa ?

Got insider accumulate the warrant at price 2sen-5sen. They buy at cheap price before the asset acquisition.

Rsena-w 4.5sen now !! I waiting good news from MUNCHY deal. Target price for warrant 10sen.