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...

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...

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...

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...

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...

By David Tan, The Star

January 16, 2012

 

Tighter supply of HDDs in the offing as companies still operating below capacity

GEORGE TOWN: The price of hard disk drives (HDD) is expected to rise further this year due to tighter supply in HDDs.

This is because time is needed for HDD and HDD component producers to re-invest to resume full production and increase capacity.

Eng Teknologi Holdings Bhd expects to produce a similar or slightly lower volume of hard disk drive (HDD) components in...

The Star, January 13, 2012

 

KUALA LUMPUR: Malaysia is ranked as the top halal-friendly holiday destination for 2012 among 10 member states of the Organisation of Islamic Cooperation (OIC).

Crescentrating.com, a travel portal for halal-conscious Muslim travellers, said Malaysia was placed in top spot because it had much to offer Muslim travellers.

This was followed by Egypt, Turkey, Indonesia, United Arab Emirates, Morocco, Tunisia, Jordan, Brunei and Qatar.

According to the survey...

The Star, January 5, 2012

 

GEORGE TOWN: Penang police managed to reduce the state’s overall crime index last year by more than 20%, said state CID chief Senior Asst Comm Zahruddin Abdullah.

“Our target was just 10%. A total of 9,709 cases were reported in 2011 compared to 12,161 the previous year.

“This is an achievement for the state as almost all crimes recorded a significant drop,” he told a press conference yesterday.

SAC Zahruddin added that vehicle theft cases rose...