5 Zulkaedah 1434
PADANG BESAR: Malaysia's smallest state, Perlis, promises high-speed broadband connectivity for its residents and investors by next year.
The RM43 million project, which covers the entire state, is a colla-boration between the Perlis government, Northern Corridor Implementation Authority (NCIA) and Telekom Malaysia Bhd.
Its Menteri Besar Azlan Man said the project will be carried out in two phases. Work on the first phase, which will cover Kangar and Arau, will start early next month.
"The estimated cost for the project in Kangar alone is about RM12 million. Once Phase One is concluded, work on Phase Two in Padang Besar, will resume."
Information and communications technology is a must if Perlis is to attract investors, adding that a mega project such as this will have a spillover effect on the entire state, said Azlan at a "Perlis Maju 2015" programme yesterday.
Meanwhile, NCIA chief executive Datuk Redza Rafiq Abdul Razak said the project is meant to generate a condusive environment for the private sector and the people of Perlis.
Read more: BTimes
Showing posts with label General. Show all posts
Showing posts with label General. Show all posts
Tuesday, September 10, 2013
Sunday, April 22, 2012
Lodge Police Report If Loan Interest Excessive
30 Jamadilawal 1433
BACHOK, April 21, 2012- Those cheated by licensed money-lending companies into paying up to 30 per cent monthly interest should lodge a police report, said Finance Deputy Minister Datuk Dr Awang Adek Hussin.
"The guideline set by the government is that such companies should impose an interest of not more than 18 per cent," he told reporters after presenting the 1Malaysia People's Assistance (BR1M) to 660 farmers and fishermen from Jajahan Bachok in Kampung Pauh Sembilan here Saturday.
More information: BERNAMA
BACHOK, April 21, 2012- Those cheated by licensed money-lending companies into paying up to 30 per cent monthly interest should lodge a police report, said Finance Deputy Minister Datuk Dr Awang Adek Hussin.
"The guideline set by the government is that such companies should impose an interest of not more than 18 per cent," he told reporters after presenting the 1Malaysia People's Assistance (BR1M) to 660 farmers and fishermen from Jajahan Bachok in Kampung Pauh Sembilan here Saturday.
More information: BERNAMA
Tuesday, November 29, 2011
Good Corporate Governance Practices Ensure Premium Pricing For Bursa Companies
4 Muharram 1433 Hijrah
KUALA LUMPUR, Nov 29 , 2011- Good corporate governance practices are what ensure a premium pricing for companies listed on Bursa Malaysia.
The Chief Executive Officer and Executive Director of HwangDBS Investment Management, Teng Chee Wai said unlike in the 1990s, where the local stock market was able to attract much liquidity, companies listed on Bursa today need to work harder to attract investors.
"The challenge for fund managers in Malaysia, is the difficulty in looking for good companies to invest," he said, during the Bursa Malaysia IPO Seminar here Tuesday.
He said there were not many companies on the local bourse, such as SP Setia, which had market valuation above the regional average.
On average, he added, the Compound Annual Growth Rate (CAGR) for Bursa Malaysia listed Companies share prices from 2001-2011 was at 0.02 per cent per annum.
According to Teng, the top outperformers among Malaysia listed companies had a share price (based on 2011 market capitalisation) of CAGR between 25-33 per cent.
"The outperformers tend to come from those sectors which Malaysia has a clear competitive edge," he said.
In the furniture sector for example, he said, there is a lack of initiatives to move up the value chain.
"What fund managers look for are Malaysian companies which are ambitious and have growth beyond Malaysia, as the domestic market is limited. They must also be good business models," Teng added.
The Managing Director Malaysia division of Aberdeen Asset Management, Gerald Ambrose said among the questions fund managers ask are, if the business plan can grow for eight to 10 years and if the cash flow or cash flow forecast can fund that growth.
"Other related questions are of the balance sheet finance dividend payments and whether the management appears transparent," he added, at the seminar.
Source:BERNAMA
KUALA LUMPUR, Nov 29 , 2011- Good corporate governance practices are what ensure a premium pricing for companies listed on Bursa Malaysia.
The Chief Executive Officer and Executive Director of HwangDBS Investment Management, Teng Chee Wai said unlike in the 1990s, where the local stock market was able to attract much liquidity, companies listed on Bursa today need to work harder to attract investors.
"The challenge for fund managers in Malaysia, is the difficulty in looking for good companies to invest," he said, during the Bursa Malaysia IPO Seminar here Tuesday.
He said there were not many companies on the local bourse, such as SP Setia, which had market valuation above the regional average.
On average, he added, the Compound Annual Growth Rate (CAGR) for Bursa Malaysia listed Companies share prices from 2001-2011 was at 0.02 per cent per annum.
According to Teng, the top outperformers among Malaysia listed companies had a share price (based on 2011 market capitalisation) of CAGR between 25-33 per cent.
"The outperformers tend to come from those sectors which Malaysia has a clear competitive edge," he said.
In the furniture sector for example, he said, there is a lack of initiatives to move up the value chain.
"What fund managers look for are Malaysian companies which are ambitious and have growth beyond Malaysia, as the domestic market is limited. They must also be good business models," Teng added.
The Managing Director Malaysia division of Aberdeen Asset Management, Gerald Ambrose said among the questions fund managers ask are, if the business plan can grow for eight to 10 years and if the cash flow or cash flow forecast can fund that growth.
"Other related questions are of the balance sheet finance dividend payments and whether the management appears transparent," he added, at the seminar.
Source:BERNAMA
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