Ting Pek Khiing to start RM30b Langkawi New City project

Publish date: Thu, 31 May 2018, 09:52 PM

LANGKAWI: After keeping a low profile for the last 16 years, developer Tan Sri Ting Pek Khiing will be embarking on a multi-billion ringgit development project in Langkawi.

The Langkawi New City project, expected to cost around RM30 billion, will be located on about 81 hectares of reclaimed land off the west side of the island.

The project, which will be undertaken by his group of companies, is expected to be launched by Prime Minister Tun Dr Mahathir Mohamad tomorrow, he told a media briefing on the project here, today.

He did not name the companies.

Ting said the project would involve the construction of about 30,000 high-end condominium units, commercial centres, berthing facilities for ocean liners and yachts and other facilities.

"Several companies in our group will be involved in the development which is expected to be completed in 10 years' time, or even earlier," he said, without disclosing the names of the companies involved.

He said the project, which would spur foreign investments in Langkawi, would be the biggest that he ever embarked on since he started his business activities on the island back in 1991.

Ting was reputed to have built a hotel on the island in a record 100 days in preparation for the inaugural Langkawi International Maritime and Aerospace (LIMA) exposition in 1991.

The Sarawak-born businessman said he had spent over 20 years on the development plan, claiming that he had already won recognition from developers from France, Russia and South Korea.

"This project is bound to be the biggest ever development of such kind in the northern part of Peninsular Malaysia," he said.

He ensured that the project's environmental impact assessment had been conducted, adding that the plan was designed to preserve the beautiful natural surroundings of the area.

"This development would be akin to that in Dubai. This project would get more people to invest and stay here for a longer period, rather than for just one or two days," he added. - BERNAMA

Discussions
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ks55

Why Tun M want to appoint a bankrupt to undertake 30 Billion ringgit development?
He is putting his reputation in jeopardy.

Ting Pek Khiing half built indoor fish pond at Plaza Rakyat.
Bakun Dam in despair and need bail out by Sime Darby, which had to write off ONE billion ringgit.

Check how many listed companies went down together with Ekran, the flagship of Ting.

I have no confidence in Ting Pek Khiing.
Most probably this project will be funded using OPM, short term finance for a long term project.
Ver likely this will be another fail project need to bail out again by somebody.

Tun M should have just forget about lending his name to revive Ting's business ambition.

2018-05-31 23:16

Lukesharewalker

crony syndrome

2018-05-31 23:17

freetospeak

Y a bankrupt still can develop land...so rich still can b bankrupt me...lol

2018-06-01 07:48

harpluck

Future looking: who's going to pay or stay at the 30,000 high end units?

2018-06-01 10:40

Hafid

still the same old crop

2018-06-01 10:43

jackfruit

Wah.....what a nice story to give steel industries a boast after a heavy sell down.

2018-06-01 11:01

ks55

（吉隆坡4日讯）富商丹斯里陈伯勤宣布斥资300亿令吉发展浮罗交怡，资政理事会成员敦达因对此奉劝陈伯勤“应该安享退休生活”，不要再出来企图从新政府捞取好处。


来自砂拉越的陈伯勤上周突然宣布，要在浮罗交怡岛展开一项300亿令吉的庞大发展计划，引起民间批评，指首相敦马哈迪首次主政时的朋党主义，可能重新出现在新政府。

也是前财长的达因在接受《星报》专访时表示，陈伯勤在最近“复出”之前，曾经历中风和破产。

达因语重心长地说：“我对丹斯里陈的忠告是：‘好好休息，享受退休。请帮助新政府，不要玷污新政府的形象。’”

他还表示，“如果他（陈伯勤）是认真（要发展浮罗交怡）的，也应该交给孩子们去做。不过，请出示你的钱。”

达因说，他会在资政理事会向中央政府提呈的最终报告中，建议所有授予的项目都要通过公开招标。

此前，首相及候任浮罗交怡国会议员马哈迪，针对陈伯勤的投资计划表示，只要有钱，任何人都可以进行投资。


但随后由马哈迪之子、吉打州务大臣拿督斯里慕克里兹领导的吉打州政府澄清，陈伯勤的计划并没有获得州政府的批准。



Yes. This bankrupt's action is uncalled for.
Ting Pek Khiing is trying to pull hind legs and sabotage integrity of PH.
Show us your money. Daim said.
No money just want to talk cock.
Expecting new government to bail you out just like Bakun and Plaza Rakyat?

Ting Pek Khiing is a traitor. He wants to undermine rakyat and PH government making recovery from world most severe kleptocracy......
Should charge him for treason.

2018-06-04 14:07

ks55

Arrest warrant issued for Ting
A low life bankrupt trying to go for cheap publicity (?) or just try to discredit new PH government.

Now he still has to answer to creditors who suffered since 20 years ago.

https://www.thestar.com.my/business/business-news/2018/06/08/arrest-warrant-issued-for-ting/

2018-06-08 12:18

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