Science, Technology and Innovation Minister Khairy Jamaluddin, who gave the latest update, said Prime Minister Tan Sri Muhyiddin Yassin would set the ball rolling by being the first to be vaccinated at Klinik Kesihatan Putrajaya after chairing the Cabinet meeting on Wednesday.....
KUALA LUMPUR: Bursa Malaysia rose in early trade as news of the Covid-19 vaccine arriving in Malaysia helped to facilitate optimisimn over this year's expexted recovery...
KUALA LUMPUR: The country’s economy is expected to show a positive development by the middle of this year once the National Covid-19 Immunisation Programme, which begins on Wednesday, gathers momentum, an economist said. Malaysian Academy of Sciences fellow Datuk Dr Madeline Berma said economists predicted that Malaysia would be able to revive its economy starting in the third quarter of this year, depending on the smooth implementation of the vaccination programmes
.“This is in line with the forecast issued by the Economic Planning Unit which expects the country’s economy to recover around 4.5 to 5.0%, ” she said in a special coverage of the first batch of Covid-19 vaccines arrival to Malaysia on BernamaTV on yesterday. Madeline said the services sector was one of the sectors that needed to be given priority in the vaccination programme, besides the manufacturing sector to help increase production rates.
She hopes with the national immunisation programmme underway, the country’s tourism and export sectors could also be mobilised again to open more economic opportunities for industry players. “The country’s tourism and export sectors have been badly affected by the closure of national borders since the Movement Control Order was imposed, ” she said.
Singapore RTS link to further spur Johor's economy, says state ruler Sultan Ibrahim Iskandar Project construction in Bukit Chagar began in November last year.
JOHOR BARU (THE STAR/ASIA NEWS NETWORK) - Johor can expect a further boost to its economy by the next five years with the completion of the Johor Baru-Singapore Rapid Transit System (RTS) Link which will take commuters only five minutes to reach the island Republic, said Johor's ruler Sultan Ibrahim Iskandar.
Sultan Ibrahim said he had been informed that the RTS Link was expected to carry up to 300,000 passengers a day.
"It will dramatically put Johor as a strategic link to Singapore on another level. Travelling between Johor and Singapore will become much easier and faster. I am looking forward to the RTS," he said in an interview in conjunction with Chinese New Year.
He said the prices of properties would go up, as the RTS would make living and working in Johor more conducive for both sides.
"There is mutual benefit from RTS, as the link will lessen the pressure on space in Singapore. It will further integrate the two communities.
"Johor hopes to offer itself as a technological and medical hub. There is enormous potential," he added.
He also said that there would be a stronger boost to the hotel, hospitality and tourism sectors in Johor.
The 4km RTS Link - 2.7km of the route in Malaysia and 1.3km in Singapore - will link Johor's Bukit Chagar terminus station to the Singapore terminus in Woodlands North.
Project construction in Bukit Chagar began in November last year, with Malaysia starting a three-month public inspection of the RTS Link project last month.
The RTS Link stations will be integrated with local transport networks in Johor and Woodlands.
Malaysian transport minister Wee Ka Siong had said that out of the 4km line, an elevated stretch of 2.7km would stand within Malaysian boundary.
The line would go underground as it reached Singapore, said Datuk Seri Wee.
With a capacity of up to 10,000 passengers per hour per direction, the RTS Link is expected to carry up to 300,000 passengers a day.
The journey time will be only five minutes and during peak hours, trains will commute at an interval of 3.6 minutes.
The Sultan of Johor said the RTS would bring huge economic benefits to Johor and put an end to the longstanding traffic congestion problem at the Causeway.
The 4km RTS Link - 2.7km of the route in Malaysia and 1.3km in Singapore - will link Johor's Bukit Chagar terminus station to the Singapore terminus in Woodlands North. PHOTO: LAND TRANSPORT AUTHORITY MORE ON THIS TOPIC Malaysia announces winning design for Johor-S'pore RTS Link station in Bukit Chagar Singapore-Johor RTS Link station and Customs building in Woodlands North to be 10 times the size of typical MRT station "There will also be spin-off effects from the construction of the RTS, as thousands of jobs will be created for Johoreans, especially local contractors and suppliers," he said.
The total cost of the RTS project, which was earlier suspended at Malaysia's request, is estimated at RM10 billion (S$3.25 billion).
Both governments have agreed to a split of 61:39, with Malaysia forking out RM3.716 billion for the project.
Mr Wee had also said that for the purpose of Customs, Immigration and Quarantine (CIQ) clearance, a new CIQ facility would be built for passengers of the RTS Link, separate from the existing CIQ.
According to the revised bilateral agreements, the depot of the project has been switched from the existing Thomson-East Coast Line Mandai depot in Singapore to a new location in Wadi Hana in Johor Baru.
The RTS Link project was meant to be completed in 2024, but work was suspended. The suspension was extended three times at Malaysia's request.
On July 30 last year, Prime Minister Muhyiddin Yassin and his Singaporean counterpart Lee Hsien Loong attended the ceremony at the midway point of the Causeway that marked the resumption of the RTS project.
The project is now slated to be completed by end-2026.
The RTS is located within the Ibrahim International Business District (IIBD) encompassing over 100ha of the existing Johor Baru city centre, which is poised to become the next economic growth zone.
The IIBD is set to become the catalyst for explosive economic growth, propelling the city as a financial, health and technological hub.
An example of the close working relationship between the state and Singapore is the setting up of a Johor state trade office in the Republic.
The state capital is poised to complement Singapore and provide ample land and a cheaper workforce for many industries, where investors can either live in Johor Baru and commute or even set up their offices in Johor Baru.
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KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia Bhd will extend the temporary suspension on intraday short selling (IDSS) and intraday short selling by proprietary day traders (PDT short sale) to Aug 29.
The temporary suspension of IDSS and PDT short sale is due to expire on Feb 28.
The suspension took effect on March 24 last year as part of the regulators’ proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties.
“The additional six-month suspension of IDSS and PDT short sale, which are used mainly as a day trading strategy, will enable Bursa to enhance the control measures for intraday short selling activities in order to promote market stability and strengthen the integrity of the capital market, ” they said in a joint statement.
With this extension of the suspension, temporary waivers related to PDT will also be extended to Aug 29.
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Hahaha ...pls proof when I say AA tp0.35...? Pls do whatever you like ...I m not selling or promoting any irrational Goreng counters during PKP ...only fools chase
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since i sold iwcity last year at 0.565, i think i made a good decision shift to other counters...now my all shares price are higher that iwcity...good luck guys....
IWH is the largest shareholder of IWC with a 38.34% stake.
Lim is the largest shareholder of Ekovest with a direct stake of 20.18% and an indirect 12.19% stake through Ekovest Holdings Sdn Bhd. He also holds 63% of IWH through Credence Resources Sdn Bhd, while the rest is owned by Kumpulan Prasarana Rakyat Johor Sdn Bhd, a state-owned company. IWH owns about 4,300 acres of land, mostly in waterfront areas, in south Johor.
IWC owns about 1,000 acres of land in Tebrau, Johor. The company is in a joint venture with Greenland Group to develop about 127.92 acres. The land is being disposed of to Greenland Tebrau Sdn Bhd (GTSB).
IWC holds a 20% stake in GTSB while Greenland holds the remaining 80%.
Although IWC also has a huge land bank in prime waterfront areas in Johor, it has not been able to develop it quickly, due in part to the slow property market. In the financial year ended Dec 31, 2017, IWC’s earnings was supplemented by land disposals.
Recognition of the land sale to GTSB significantly improved IWC’s property development segment’s profit to RM165.7 million for FY2017, compared with RM1.8 million in FY2016. Without the land deal, IWC could have been in the red.
DISPOSAL OF THREE (3) PIECES OF LAND MEASURING IN AGGREGATE APPROXIMATELY 127.92 ACRES HELD BY TEBRAU BAY SDN BHD (“TBSB”), A WHOLLY OWNED SUBSIDIARY OF IWCITY, LOCATED IN MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, TO GREENLAND TEBRAU SDN BHD (“GTSB”) FOR A CASH CONSIDERATION OF RM2,373,079,016 (“DISPOSAL CONSIDERATION”) (“LAND DISPOSAL”)
127.92 acres sold at RM2,373,079,016. 1 acre = RM 18,551,274
Due to the current extended MCO 2.0 till 4 March 2021 by the Government on specific States, the Board of Directors of IWCITY wishes to inform that the Company will utilise the said extension of time granted by Bursa Securities to release and submit its Quarterly Report for the period ended 31 December 2020 by 31 March 2021.
Hari ini saya mengisytiharkan sokongan saya kepada YAM Perdana Menteri oleh sebab beliau faham dan setuju dengan keperluan saya untuk ada akses kepada dan berjumpa dengan semua menteri dan ketua agensi Kerajaan untuk membangkitkan dan cuba menyelesaikan isu-isu rakyat yang selama ini disampaikan kepada saya melalui pelbagai saluran.
Isu banjir kawasan, Isu pembuangan sampah haram, Isu along yang bertambah teruk, Isu scam yang bertambah teruk, Isu PPR dan Rumah Pangsa Kos Rendah/Murah, Isu perlesenan berjenis-jenis di peringkat persekutuan, negeri dan pihak berkuasa tempatan yang menghalang kemasukan pelaburan asing, isu pencemaran sungai, Isu dan masalah perusaha kecil dan sederhana, isu pekerja asing dan tempatan semua harus ditangani dengan secepat mungkin.
Saya berharap dengan pengalaman saya sebagai akauntan, juruaudit luar dan dalaman, agen cukai dan perunding perniagaan selama 40 tahun, saya boleh bekerjasama dengan semua menteri dan agensi Kerajaan untuk mencari penyelesaian untuk isu-isu tersebut.
Saya sudi membantu mana-mana pihak Kerajaan khususnya di dalam bidang kepakaran saya. Sekiranya dipanggil, saya sudi bekerjasama dengan Kementerian Kewangan untuk mencari atau merancang atau merangka sistem percukaian supaya hasil kutipan cukai akan meningkat dan pada masa yang sama tidak membebankan kumuniti perniagaan dan rakyat.
Saya berharap juga menjadi orang tengah atau jambatan (bridge) di antara Kerajaan dan komuniti perniagaan supaya isu-isu rakyat dapat perhatian Kerajaan.
In the works: The construction site for the Johor Baru-Singapore Rapid Transit System (RTS) Link Project’s Bukit Chagar station, with a view of an under construction tower block under Coronation Square, which will be linked to the RTS station. — GLENN GUAN/The Star
JOHOR BARU: The state is slated to boom further by the next five years with the completion of the Rapid Transit System (RTS) Link which will take commuters only five minutes to reach Singapore, says the Ruler of Johor.
Sultan Ibrahim Ibni Almarhum Sultan Iskandar (pic) said he had been informed that the RTS Link was expected to carry up to 300,000 passengers a day.
“It will dramatically put Johor as a strategic link to Singapore on another level.
“Travelling between Johor and Singapore will become much easier and faster. I am looking forward to the RTS, ” he said in an interview in conjunction with Chinese New Year.
His Majesty said the prices of properties would go up as RTS would make living and working in Johor more conducive for both sides.
“There is mutual benefit from RTS as the link will lessen the pressure on space in Singapore. It will further integrate the two communities.
“Johor hopes to offer itself as a technological and medical hub. There is enormous potential, ” he added.
He also said that there would be a stronger boost to the hotel, hospitality and tourism sectors in Johor.
Transport Minister Datuk Seri Dr Wee Ka Siong had said that out of the 4km line connecting Bukit Chagar in Johor Baru and Woodlands in Singapore, an elevated stretch of 2.7km would stand within Malaysian boundary.
The line would go underground as it reached Singapore, said Dr Wee.
With a capacity of up to 10,000 passengers per hour per direction, the RTS Link is expected to carry up to 300,000 passengers a day.
The journey time will be only five minutes and during peak hours, trains will commute at an interval of 3.6 minutes.
The Sultan of Johor said the RTS would bring huge economic benefits to Johor and put an end to the long-standing traffic congestion problem at the Causeway.
“There will also be spin-off effects from the construction of the RTS as thousands of jobs will be created for Johoreans, especially local contractors and suppliers, ” he said.
The total cost of the RTS project, which was earlier suspended at Malaysia’s request, is estimated at RM10bil (S$3.24bil).
Both governments have agreed to a split of 61:39, with Malaysia forking out RM3.716bil for the project.
Dr Wee had also said that for the purpose of customs, immigration and quarantine (CIQ) clearance, a new CIQ facility would be built for passengers of the RTS Link, separate from the existing CIQ.
According to the revised bilateral agreements, the depot of the project has been switched from the existing Thomson-East Coast Line Mandai depot in Singapore to a new location in Wadi Hana in Johor Baru.
“This depot is jointly owned by Malaysia and Singapore. It will be cordoned off, a secured area. It’s well protected, ” Dr Wee said.
The RTS Link project was meant to be completed in 2024, but work was suspended.
The suspension was extended three times at Malaysia’s request.
On July 30 last year, Prime Minister Tan Sri Muhyiddin Yassin and his Singaporean counterpart Lee Hsien Loong attended the ceremony at the midway point of the Causeway that marked the resumption of the RTS project.
The project is now slated to be completed by end 2026.
The RTS is located within the Ibrahim International Business District (IIBD) encompassing over 250 acres of the existing Johor Baru city centre, which is poised to become the next economic growth zone.
The IIBD is set to become the catalyst for explosive economic growth, propelling the city as a financial, health and technological hub.
An example of the close working relationship between the state and Singapore is the setting up of a Johor state trade office in the republic.
The state capital is poised to complement Singapore and provide ample land and cheaper workforce for many industries where investors can either live in Johor Baru and commute or even set up their offices in Johor Baru.
TAGS / KEYWORDS: Johor Baru , Sultan Of Johor , RTS , Singapore , Ibrahim International Business District
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Steady Punpipi
7,570 posts
Posted by Steady Punpipi > 2021-02-19 08:20 | Report Abuse
Good Morning Folks .... Dont wait too looooong to join in the FUN !