u follow my call blindly...ok...just buy.......buy big....train departing...on ecrl....end of april...That Tun will not go to china if there is no deal...malu lah. new target 85 sen...soon...
Kelantan to gain from five Federal projects — Azmin Bernama / Bernama
March 07, 2019 18:21 pm 08
-A A KOTA BHARU (March 7): Kelantan stands to benefit from spillover development when the Federal Government gives priority to the completion of five key projects in the near future, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today.
He named the projects as the East Coast Expressway Phase 3 (LPT3), Sultan Ismail Petra Airport expansion and upgrading, Pasir Puteh-Machang-Jeli new route, Kota Bharu-Kuala Krai Expressway and Palekbang-Kota Bharu Bridge.
“Prime Minister Tun Dr Mahathir Mohamad gave his approval for all these projects at a meeting of the East Coast Economic Region which he chaired.
“Today, the Kelantan Action Council meeting, which I chaired for the first time, decided to give priority to the completion of the projects,” Mohamed Azmin said after the meeting as well as a meeting with civil servants, here.
Also present was Deputy Economic Affairs Minister Dr Mohd Radzi Jidin, who is also the deputy chairman of the Kelantan Action Council.
Mohamed Azmin also announced that the Federal Government had allocated RM1.4 billion for development in Kelantan this year, some RM200 million more than the previous allocation.
Elaborating, the Minister said all the projects to be implemented would have a huge impact on the development and well-being of the people of Kelantan as well as provide employment opportunities for them.
On the LPT3, he said it involved a route from Gemuruh in Kuala Terengganu to Tumpat over a distance of 150 kilometres and is important particularly in boosting the economy at the Tok Bali port in Pasir Puteh.
“The Tok Bali port area has the potential to be a new economic corridor and it is important that it be transformed into an industrial site for more efficient shipment of goods,” he said.
Mohamed Azmin said it was necessary to build the new route linking Pasir Puteh, Machang and Jeli to better facilitate land transportation as a means of boosting the Tok Bali port area.
He said that currently everything had to be routed through Kota Bharu and this resulted in a delay.
On the Sultan Ismail Petra Airport, Mohamed Azmin said its expansion and upgrading would cost RM450 million and the project was expected to begin at the end of this year or early next year.
"The airport has become congested, handling 1.5 million passengers. With the completion of the project, it will be able to cater to four million passengers and become a regional airport hub,” he said.
On the Palekbang-Kota Bharu Bridge, the Minister said the bridge would help speed up the journey between Tumpat and Kota Bharu as the present route is congested, especially during peak hours.
He did not elaborate on the cost of construction.
On the Kota Bharu-Kuala Krai Expressway of 123 kilometres, Mohamed Azmin said a section of the highway is ready and he hoped that it will be completed on schedule and will be of quality in terms of user safety.
"The route involves a link between several districts in Kelantan and will be built as a central spine road and incorporates the proposed People’s Highway which the previous Government was unable to build,” he said.
Mohamed Azmin said the council was briefed by the relevant Ministry as to the status of all the projects.
He also said that he would meet Kelantan Menteri Besar Datuk Ahmad Yakob to discuss cooperation in the implementation of the projects.
Mohamed Azmin reiterated that the Federal Government was giving priority to Kelantan so that the State would not be left behind in development.
KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) net profit rose 22 per cent to RM55.3 billion in the financial year ended Dec 31, 2018 (FY18) from RM45.5 billion in 2017, on the back of higher revenue and supported by a net write-back of impairment on assets.
Meanwhile, revenue also increased by 12 per cent to RM251 billion from RM223.6 billion in FY17, mainly due to higher average realised prices for all key products.
President and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said the company recorded a strong financial performance in 2018, supported by its ongoing drive to increase operational efficiency and commercial excellence.
“We have made progress in the pursuit of our long-term strategies and will continue to invest in the future,” he said during the company’s fourth quarter and 2018 financial performance briefing here today.
Commenting on oil prices, he said it was expected to remain volatile this year with uncertainties expected to have a significant impact.
Wan Zulkiflee said Petronas’ plans for this year would be based on the oil price of US$66 per barrel.
“We use US$66 per barrel (as a benchmark) for our planning as anticipate a volatile year. As you can see in the past month, the oil production was also quite erratic,” he added.
– BERNAMA
No. 1 Good News
Petronas Revenue Increased by 12% to Rm251 BILLIONS
That means that last year MANY OGSE are working very very hard to pump more Crude Oil & Natural Gas for PETRONAS' 12% INCREASE OF REVENUE
No. 2 Good News
“We have made progress in the pursuit of our long-term strategies and will continue to invest in the future,” he said during the company’s fourth quarter and 2018 financial performance briefing here today.
PETRONAS IS INVESTING FOR THE FUTURE
That Means AZRB 2 Ports at Kamaman & TOK BALI will see increasing business
AND PETRONAS GIVING MORE DIVIDEND TO PH GOVT MEANS ECRL CAN BE RESTORED
New LEAP Market entrant Uni Wall APS Bhd, which provides building façade services to property developers, announced its second contract win this week, with a RM32.14 million sub-contract from Ahmad Zaki Resources Bhd (AZRB).
The contract is for the supply and installation of aluminium and glazing works for the Mass Rapid Transit 2 project, specifically for the construction and completion of elevated stations and other associated works at Serdang Raya (South), Seri Kembangan and UPM.
Earlier, it had bagged a RM21.25 million subcontract from Crest Builder Sdn Bhd to supply and install aluminium, glazing and second skin external façade for a six-storey office building in Section 19, Petaling Jaya.
PPAM contract terminations to impact more developers: Report
KUALA LUMPUR (March 9): More Malaysia Civil Servants Housing Programme (PPAM) projects are “expected to be either put on hold or shelved”, reported The Edge Malaysia in its latest issue.
A source told the weekly that Protasco Bhd has been informed by Putrajaya Corp (PjC) (the project owner of PPAM in Putrajaya) to “temporarily postpone” development.
It was reported on Feb 27 that Damansara Realty Bhd announced that PjC had terminated a contract to develop 1,350 residential units and 45 commercial units with a gross development cost of RM467.3 million in Precinct 5 of Putrajaya.
Damansara Realty announced that the termination “was due to the government’s move to unify the development of affordable homes under the Ministry of Housing and Local Government”.
Developers contracted to construct PPAM homes include Ahmad Zaki Resources Bhd, Hap Seng Consolidated Bhd, Iris Corp Bhd, Zecon Bhd, LBS Bina Bhd and Spring Gallery Bhd.
“The level of progress of these projects could not be ascertained,” wrote the business publication.
some one spread news crisis is around corner.... Trump said market spike if us n china reach a deal on trade soon... any one got rite to say anything and up to market to answer! haha! even crisis coming, people still can make money from crisis...lets cheers if crisis really happen!
Well, it seems like many of shares price okedi drop worst then crisis b4 , malaysia oledi undergo matket crisis since BN collapsed especially construction sectors...
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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....
calvintaneng
56,719 posts
Posted by calvintaneng > 2019-03-08 08:25 | Report Abuse
Happy morning all