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AUCMS to build two hospitals in Penang by 2015 PDF Print E-mail

The Sun, January 17, 2012

 

KUALA LUMPUR: The Allianze University College of Medical Sciences (AUCMS) will build two hospitals in Penang by 2015.

Its president, Prof Datuk Dr Zainuddin Md Wazir, said the first hospital would be built on a 2.4-hectare site in Kepala Batas, while the second would be built on a 10-hectare site in Bertam.

He said the total cost of building the two hospitals was estimated at RM2 billion.

"The construction of the first hospital, which will have 200 beds, will begin in the middle of this year and is expected to be completed by middle of next year, while the construction of the second hospital, which will have 800 beds, will begin in 2013 and is expected to be ready by 2015."

He said this after the...

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Gurney Paragon set to welcome RM35m F&B investments PDF Print E-mail

By Marina Emmanuel, Business Times

January 17, 2012

 

GEORGE TOWN: Penang is set to welcome investments totalling RM35 million this year from food and beverage operators into phase one of the Gurney Paragon development on Gurney Drive.

The project's developer, Hunza Properties Bhd (HPB), has already seen the entry of nine tenants into Phase 1B of its multi-billion ringgit waterfront development with capital investments in excess of RM10 million.

"We are working hard to continue bringing...

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Singapore targets S$15b investments PDF Print E-mail

The Star, January 18, 2012

 

Taxes cut to attract foreign companies

SINGAPORE: Singapore aims to attract as much as S$15bil of investments in manufacturing and services this year to create jobs and bolster a slowing economy.

The city state lured fixed-asset investments of about S$13.7bil last year, the Economic Development Board said yesterday. The government also targets as much as S$7.5bil in business spending this year from manufacturing and services industries such as information...

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Naza TTDI expanding to Penang PDF Print E-mail

The Star, January 19, 2012

 

KUALA LUMPUR: Naza TTDI Sdn Bhd will commence works on its first out-of-Klang Valley project in Bertam, Penang next year.

While the mixed development is still in its design stage, it will be Naza TTDI's long-term project geared towards the middle to high-end market.

Deputy executive chairman and group managing director SM Faliq SM Nasimuddin said the gross development value had not been determined but gave a rough estimate of houses priced from...

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Malaysia’s growth to remain robust PDF Print E-mail

By Rupa Damodaran, Business Times

January 16, 2012

 

KUALA LUMPUR: Malaysia's growth outlook for the first half of the year could outperform the other small open economies in the region, but it hinges on developments in the eurozone.

Credit Suisse raised its 2011 gross domestic product (GDP) growth forecast to five per cent (from 4.6 per cent) and still maintains its forecast of 4.8 per cent for 2012.

"The good news is that we think the most likely outcome remains that a break-up of the...

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