Investments Economic Overview Schenker to set up second facility Key statistics Latest release Previous rate ExxonMobil building RM1b gas… Biofutures keen to purchase loc… Quarterly GDP growth 5.3%(1Q2006) 5.4%(4Q2005) DHL invests RM50mil more in I… Annual GDP growth 5.3% (2005) 7.1% (2004) Pahang to be nation’s maiden bi…  Consumer Price Index (CPI) 3.9%(May-06) 4.6%(Apr-06) Classic Scenic’s new plant to b… Haisan gets contract for FFM p… Industrial Production Index (IPI) 130.7 (Apr-06) 138.9 (Mar-06) Malaysian branch for UCO Bank Base Lending Rate (BLR) 6.58% (June-06) 6.58%(May-06) Petronas Dagangan to open 6 …  Exchange rate: RM to US dollar RM3.675 (30/06) RM3.63 (31/05) KWK to open offices in Sabah … Samsung to up output of micro… Source: Department of Statistics Malaysia & Bank Negara Malaysia Norwegian firm setting up ops … TA Investment opens branch i … Rehda president indicated that the property market is growing, but it’s OCBC to open 4 more branches  growing at slower pace. He also indicated that higher interest rates mean HeaveBoard back on growth p… house buyers have to service more expensive housing loans. Citibank to open branches in … Malaysia's total output of goods and services increased by 5.3% in the first Retail’s section quarter (Q1), 2006 compared with 5.2% in the preceding fourth quarter (Q4), 2005. Bank Negara Malaysia said there was strong growth of 16.7% Second mall sued over pirated… in the electronics and electrical products industry. International flavour for KLIA out… Hock Sin Leong plans major re… Khazanah said that among its targeted investments are the South Johor KUB preparing to dispose A&W Economic Region (SJER) and investments in new agriculture. The Medan Selera traders to be rel… government has allocated about RM12.2 billion to develop SJER under the Tesco pledges RM160m for op… Ninth Malaysia Plan. Makro aims to open outlets in … MPH revives ops, sets up web… Malaysia's export growth, while rising 6.3% year-on-year to RM46.3bil in Popular bullish on sales, plans… April 2006, has shown a month-on-month growth decline from 9.5% growth Section 14 gears up for IT mall in March. IGB sees Mid Valley City reve… Titoni names first Malaysian a… According to Malaysian Furniture Promotion Council, the furniture industry AEON: New mall will be a big … recorded RM6.8bil worth of exports last year and it expects Malaysia's furniture exports to hit RM10bil in 2010. Hyper shoppers Subway strategy for sandwich … BNM’s international reserves stand at RM288.5 billion as at 15 June. The Burger King to open 3 drive-thr…  reserve is sufficient to finance 8.1 months of retained imports and 6.5 times Keeping shoppers safe, not sorry  the short term external debt. Halal store to open in Wangsa … Habib shines on new products … The government is aiming to narrow its budget deficit further to 3.5 per cent of GDP this year and eventually to have a surplus or balanced budget. Know your neighbourhood CPI for the month of May rose 3.9% to 103.6 from 99.7 in the same month Houses in precarious position ... last year. The increase was brought about by increases in the indices of all Sri Permaisuri retailers against… main group except clothing and footwear, and communication. Outbreak that won’t go away Up in the arms over housing p... More highlights next page…

JS Valuers Research & Consultancy Sdn Bhd 1 of 11 pages Know your neighbourhood Malaysia will review the Free Trade Agreement (FTA) signed with Japan last December following claims that it is lopsided. Under the agreement, Probe erosion problem in Bukit… Malaysia will, in 10 years, do away with almost all tariffs on the entry of Problems abound for folks at c… Japanese cars, while Malaysian mangoes and other products would be Homes safe despite the cracks… allowed entry into Japan. Rawang village in watery mess PJ gets royal nod to be a city The government has given its “approval in principle” on the “build then sell” Condo folks living in fear of lan… (BTS) concept. Under the arrangement, house buyers will have to pay a Families move out as things tur... 10% down payment, with the remainder to be settled upon completion. Flood woes continue This approval will be reviewed after two years. In return, the developers will Putting an end to Seremban fl… also enjoys a number of benefits if they adopt this concept in their project. Thefts, vandalism worry Chera… Market project to resume RM28mil market for Rawang

INVESTMENTS

Schenker to set up second facility (The Star-31st May 2006)

Schenker Logistics (M) Sdn Bhd, a logistics partner for a number of world-class high-tech and semiconductor companies here, has signed an agreement with Kulim Technology Park Corp Bhd (KTPC) to set up its second facility at Kulim Hi- Tech Park (KHTP). Over the past five years, Schenker Logistics has established itself as a reputable provider of integrated logistics solutions for customers seeking to establish their hi-tech hub in Kulim. Schenker Logistics managing director Reiner A. Allgeier said over the past 27 years, the company had set up 10 offices including nine warehouses with a total space of 37,000 sq m at key locations in Malaysia. He added that the company had increased its warehouse space in Kulim to 5,750 sq m from 1,750 sq m. Top ExxonMobil building RM1b gas platform in Terengganu (New Straits Times-02nd June 2006)

ExxonMobil is in the process of building a RM1 billion gas platform in Guntong off the shores of Terengganu in line with its long term investment plans in the state. One of the largest producers of crude oil and gas in the country, the company has invested RM50 billion in Terengganu in the last 25 years. Top Biofutures keen to purchase local plant (New Straits Times-03rd June 2006)

UK renewable fuels company, Biofutures International Plc, is in talks to buy a biodiesel plant in Malaysia. Biofutures is in early stage discussions with a Malaysian company concerning the possible acquisition of a project to construct a biodiesel plant in Malaysia. It did not name the Malaysian company. Top

JS Valuers Research & Consultancy Sdn Bhd 2 of 11 pages DHL invests RM50mil more in ITSC Cyberjaya (The Star-03rd June 2006)

DHL's additional investment of RM50mil in the IT (information technology) Services Centre Cyberjaya (ITSC Cyberjaya) reflects its commitment and confidence in Malaysia and the Multimedia Super Corridor (MSC), said IT services managing director Stephen McGuckin. According to McGuckin, the west wing marks the second chapter for ITSC Cyberjaya, which commenced in September 2002 when the first facility with an initial investment of RM200mil was opened. Barely four years later, ITSC Cyberjaya has outgrown the four-storey 100,000 sq ft east wing and the additional 99,200 sq ft of space in the new wing will provide the much needed room for growth and permit us to double the current workforce of 600. Top Pahang to be nation’s maiden biofuel hub (New Straits Times-03rd June 2006)

Pahang is set to become the country’s first biofuel hub once the construction of a RM100 million biodiesel and glycerine purification refinery plant is completed next year. The plant, which is being constructed by Mission Biotechnologies Sdn Bhd, is designed to produce 100,000 tonnes of biodiesel per year using crude palm oil as its primary feedstock. Top Classic Scenic’s new plant to boost capacity (The Star-07th June 2006)

Classic Scenic Bhd (CSB) expects its new factory, which makes up part of the company's RM6.5mil investments for this year, to boost production capacity by 20%. The construction of the new factory in Rawang would begin next month for completion at the end of this year or early next year, a company spokesman said. Earlier this year, CSB had purchased 0.81ha behind its existing factories to build the new factory, financed from internally generated funds. Top Haisan gets contract for FFM plant (The Star-07th June 2006)

Leading cold-chain logistics provider Haisan Resources Bhd has been awarded a RM1.6mil contract by FFM Bhd for the engineering of refrigeration parts and equipment as well as training of technicians for FFM's new animal feed processing plant in Pulau Indah Park, Selangor. Announcing this in a statement yesterday, chief executive officer Ong Chin Yet said with this contract, Haisan would be designing and installing state-of-the-art industrial refrigeration equipment for a specialised industry. “We believe this venture will further serve as a catalyst to enhance the research and development capabilities of our engineering division,” he said. Top Malaysian branch for UCO Bank (The Star-07th June 2006)

India’s UCO Bank is planning to set up a branch in Malaysia within two years to tap the country's vibrant manufacturing sector, said executive director S.A. Bhat. UCO Bank opened a representative office in Kuala Lumpur in October last year to assess its customer base here first before applying to Bank Negara for a branch. The bank has nine million customers and operates 1,730 branches in India. It also has two branches, one each in Singapore and Hong Kong. Bhat said UCO Bank would like to expedite the setting up of its branch here, but was constrained by Bank Negara’s capital requirement. Top Petronas Dagangan to open 60 kiosks (The Star-07th June 2006)

Petronas Dagangan Bhd will spend RM300mil this year to build 60 petrol stations nationwide. The company, which currently owns 790 petrol stations, would build the new ones on land it acquired over the past few years. Top

JS Valuers Research & Consultancy Sdn Bhd 3 of 11 pages KWK to open offices in Sabah and Sarawak (The Star-10th June 2006)

Service provider Konsortium Wawasan Klasik Sdn Bhd (KWK) will open a new office each in Sabah and Sarawak by year- end to serve clients nationwide. KWK chief executive officer Rafi Khan Shahzada said the company, which specialises in enhancing the delivery system between the Road Transport Department (JPJ) and the public, also planned to open branches in smaller towns in future. Rafi said KWK, which had the official support and recognition of the Transport Ministry, had invested about RM6mil to establish itself since it was set up in 2004. Top Samsung to up output of microwave ovens (New Straits Times-13th June 2006)

Samsung Malaysia Electronics Sdn Bhd expects to increase output of microwave ovens by 30 per cent with the opening of a RM62.05 million Magnetron Diode factory in Port Klang. According to the company, this is the only microwave manufacturer in Malaysia. 99% of the production volume is for export while the remaining 1% is for the local market. The microwave ovens produced here are exported to 20 countries. Top Norwegian firm setting up ops at Port Klang (The Star-14th June 2006)

Norwegian oil and gas engineering group Aker Kvaerner has signed long-term lease agreements to take up 17.6ha at Port Klang Free Zone (PKFZ), making it the first to invest in Malaysia’s first fully-integrated free commercial and industrial zone. Through its Malaysian subsidiary Aker Kvaerner Sdn Bhd, the group will invest RM175mil to develop its manufacturing centre at PKFZ, next to Westport in Pulau Indah near here. Top TA Investment opens branch in Kuching (The Star-15th June 2006)

TA Investment Management Bhd opened a new branch here yesterday with plans to build up its brand in Sarawak. The fund management company has not set any targets for the new branch but will focus on serving its agents and the public here. This is the company’s third branch in east Malaysia, after Kota Kinabalu and Miri. TA Investment also plans to set up branches in Penang and Johor Baru towards the end of the year. Top OCBC to open 4 more branches (New Straits Times-23rd June 2006)

OCBC Bank (Malaysia) Berhad will open four new branches by the end of this year. The new branches will be at Bukit Damansara (Kuala Lumpur), Puchong (Selangor), Miri (Sarawak) and Batu Maung (Penang). Top HeaveBoard back on growth path (The Star-26th June 2006)

HeaveBoard Bhd expects its profits to be back on a growth path this year with the recovery in global selling prices of particleboard. Group managing director Tenson Yoong said the group looked forward to starting its second production line by the fourth quarter of this year. The new line, to be adjacent to its existing plant in Gemas, Negri Sembilan, requires an investment of over RM250mil. Top

JS Valuers Research & Consultancy Sdn Bhd 4 of 11 pages Citibank to open branches in Puchong and Bukit Tengah (The Star-28th June 2006)

Citibank Bhd has identified Puchong, Selangor and Bukit Tengah, Penang as the locations for its new branches under Bank Negara’s move to allow locally incorporated foreign banking institutions (LFIBs) to set up four additional branches this year. Citigroup country officer and Citibank chief executive officer Piyush Gupta said the bank had received approval for three locations but declined to divulge the location of the third branch. Top

RETAIL’S SECTION

Second mall sued over pirated discs (New Straits Times-30th May 2006)

The BCB Plaza in Kluang is the second shopping centre in the country to be sued for abetting in the sales of pirated audio-visual products. Last April, Berjaya Megamall in Kuantan was taken to court for a similar offence. Top International flavour for KLIA outlet (The Star-01st Juen 2006)

Human traffic in the KL International Airport (KLIA) is largely made up of travellers from around the world and, to cater to this crowd, eateries need to offer a wide range of cuisines. Having undergone extensive refurbishing and upgrading at a cost of RM2.5mil, Degrees (formerly known as Pasta and Mee) promises first-class hospitality and service to its patrons of diverse ethnic groups. Top Hock Sin Leong plans major rebranding drive (New Straits Times-02nd June 2006)

Hock Sin Leong Group Berhad (HSL) is expected to invest up to RM10 million on its re-branding exercise this year in a bid to uphold all its lifestyle mega stores under the branding of HSL Circuit City. HSL has so far spent RM4 million on the plan, with the opening of HSL Circuit City in Ampang Point, Kuala Lumpur and Island Plaza, Pulau Pinang. Top KUB preparing to dispose A&W New Straits Times-02nd June 2006)

KUB Malaysia Berhad has hired a merchant banker to help prepare its fast-food unit, the A&W chain, for sale. Several parties have shown interest, which include QSR Brands Berhad, the parent company of KFC Holdings. A&W now has 33 outlets in Malaysia and 32 in Thailands. Top Medan Selera traders to be relocated to bazaar (The Star-3rd June 2006)

The newly completed Bazar Banting building which comprises a food court and merchandise stalls will commence business in two months time. The RM3mil complex will house a total of 45 trading lots on its ground floor and 25 food stalls on the first floor. Council president Ahir Zawawi, who visited the complex on Tuesday, said those who are currently operating at Medan Selera in Jalan Suasa would be relocated to the food court. Top

JS Valuers Research & Consultancy Sdn Bhd 5 of 11 pages Tesco pledges RM160m for opening of outlets (New Straits Times-5th June 2006)

Tesco Stores (M) Sdn Bhd is committed to investing some RM160 million in Malaysia this year, mostly to open new stores as well as for further price cuts. This is slightly lower than last year’s RM174 million, when there were four hypermarket openings compared with just one scheduled for opening this year. Tesco’s sole hypermarket opening in Ampang this year will cost some RM80 million. Top Makro aims to open outlets in Malacca and Batu Pahat (New Straits Times-10th June 2006)

Makro Cash and Carry Distribution (M) Sdn Bhd plans to open two new outlets this year in Melaka and Batu Pahat, Johor. Other possible locations for its next hypermarket are the east coast of Peninsular Malaysia as well as Sabah and Sarawak. Makro currently has eight outlets nationwide, located in Shah Alam, Selayang, Cheras, Johor Bahru, Ipoh, Seberang Prai, Penang and Seremban. Top MPH revives ops, sets up website (The Star-10th June 2006)

The MPH group, which owns bookstore chain operator MPH Bookstores Sdn Bhd, is firing up all cylinders as it gears up to meet the challenges of a new era. The group, which plans to have 50 MPH outlets in five years from 27 currently, is reviving its publishing and printing arms and developing its e-commerce website into one of Asia’s most prominent websites for books. MPH currently has 27 shops in Malaysia and five in Singapore. The company is looking at expanding into Sabah and Sarawak early next year. Top Popular bullish on sales, plans more outlets (The Star-12th June 2006)

Popular Book Co (M) Sdn Bhd is targeting sales to hit S$223.3mil this year, up 10% from the S$203mil achieved last year, said Popular group chairman and managing director Chou Cheng Ngok. Popular Book, which has 51 outlets nationwide, also plans to open stores in Perlis within the next three years and also to strengthen its position in Sabah and Sarawak. Top Section 14 gears up for IT mall (The Sun-12th June 2006)

An information technology (IT) mall will soon take over the former standalone Metrojaya store, one of the trademark buildings in the Section 14 commercial area. Currently undergoing renovations costing up to RM5 million, the building is due to be completed and ready for operations soon. Top IGB sees Mid Valley City revenue boost (The Star-13th June 2006)

IGB Corp Bhd expects revenue contribution from its Mid Valley City development to rise to 50% in the next few years from 30% now, said group managing director Robert Tan. “The opening of our latest shopping centre, The Gardens, scheduled next September, will add 800,000 sq ft of net lettable retail space to the 2.5 million sq ft in Mid Valley City, making it the country’s largest retail mall,” he said. Upon completion in 2010, the 50-acre Mid Valley City – a joint venture between IGB Corp and the KL City Hall – will become one of Asia’s leading integrated mixed-use developments, Tan told reporters after the signing of a tenancy agreement between Mid Valley City Gardens Sdn Bhd (MVCG) and Singapore-based retail group Robinson and Co Ltd yesterday. Top

JS Valuers Research & Consultancy Sdn Bhd 6 of 11 pages Titoni names first Malaysian agent (New Straits Times-13th June 2006)

Swiss watchmaker Titoni Ltd is celebrating its 54th anniversary in the Malaysian market with the appointment of ATG Watch Sdn Bhd as its first local distributor for Malaysia and Brunei. Titoni was previously distributed in Malaysia by a Singaporean agent. It is one of the few remaining independent watch enterprises and is in the third generation of Schluep family ownership. Top AEON: New mall will be a big draw (The Star-15th June 2006)

Retail industry player Aeon Co (M) Bhd is optimistic that its new Aeon Bukit Tinggi shopping centre, slated to commence operations in November next year, will do well despite concerns that consumers’ purchasing power is on a downtrend. Aeon managing director Nagahisa Oyama said the shopping centre was in a good location as Klang had a total population of more than 750,000. “We see an opportunity here, not only to serve the population in Klang but, with its good connectivity to major highways and trunk roads, we also expect to attract customers from Banting, Kota Kemuning, Shah Alam and even Subang Jaya,” he said. He added that the Bukit Tinggi centre would be the largest Aeon shopping mall in the country with a gross built-up area of 2.1 million sq ft and 200 tenants. Top Hyper shoppers (The Star-17th June 2006)

It was not the first hypermarket to be opened in this area, yet the opening of Jusco managed to draw a large crowd and caused a massive traffic jam that has never experienced in Taman Equine. Residents from all parts of Sri Kembangan had to be there to check out the new hypermarket even if it meant parking at a roundabout. Top Subway strategy for sandwich restaurant chain (The Star-19th June 2006)

Subway, a sandwich restaurant chain from the US, plans to increase its presence in Malaysia by having 12 franchised outlets by the end of this year. It aims to open eight outlets this year, in addition to the four that are located in the Klang Valley, said Subway development agent Cynthia Cheong. The latest outlet was opened in Leboh Ampang, while the next one is scheduled to open in Penang by end of this month. “We have received numerous enquiries from Johor Baru, Ipoh and east Malaysia. However, currently, we have no plans to go into those areas. Top Burger King to open 3 drive-through outlets (The Sun-21st June 2006)

Cosmo Restaurants Sdn Bhd the franchisee of Burger King restaurants in Malaysia, is expected to open three drive through outlets by year-end, bringing its total number of restaurants to 24. The drive through outlets will be opened in Skudai, Johor next month and another two in Penang and either Kuala Lumpur, Shah Alam or Ipoh in the fourth quarter this year. The company had spent RM700,000 to refurbish the 350 seat flagship restaurant in KLCC. The outlet is also Wi- Fi enabled. Top Keeping shoppers safe, not sorry (The Star-26th June 2006)

The issue of whether shopping centres and malls are doing enough to protect the safety of their shoppers has taken centre-stage again after a female shopper was abducted at a neighbourhood shopping centre in Bandar Utama and later raped at a park not far from the centre. The June 13 incident led Housing and Local Government Minister Datuk Seri Ong Ka Ting to call on shopping malls to invest more money in their security system. JS Valuers Research & Consultancy Sdn Bhd 7 of 11 pages Top Halal store to open in Wangsa Maju (New Straits Times-27th June 2006)

A Halal convenience store is slated to open in Wangsa Maju within the next two months, as a test-bed for an export franchise halal-mart. The convenience store, which will sell local halal produce, will explore the international halal market that is worth some RM8 trillion per annum. The European market has been pulling for halal products to provide for two billion Muslims worldwide within the next decade. There are about 30 million Muslims in Europe. Top Habib shines on new products, expansion (The Star-30th June 2006)

Habib Holdings Sdn Bhd expects its new jewellery line and overseas expansion to improve its revenue to RM150mil this year, said managing director Meer Sadik Habib. “Last year, our sales grew 25% to about RM140mil and so far, we have registered 5% growth. We are hopeful of meeting our target,” Meer said. He said this after the opening of the company's 15th showroom at 1 Utama Shopping Centre and the launch of its latest collection, Empress, by Deputy Finance Minister Datuk Dr Ng Yen Yen yesterday. “We are targeting monthly sales of RM350,000 to RM500,000 from our new showroom,” he said, adding that the company had invested RM5mil in the outlet. Top

KNOW YOUR NEIGHBOURHOOD

Houses in precarious position after downpour (The Star-02nd June 2006)

Heavy rain yesterday evening has resulted in the backyards of some houses in Taman Zooview sinking and dangling precariously over the slope above Wednesday’s landslide in Ulu Klang. Garden walls which were still attached to houses earlier yesterday had broken away and were about to collapse. Ampang Jaya Municipal Council personnel placed plastic sheets on the slopes behind the 16 houses, whose residents were told to evacuate. Top Sri Permaisuri retailers against hypermarket plan (The Star-02nd June 2006)

The pro tem committee of Bandar Sri Permaisuri Retailers Association has objected against the opening of a hypermarket in the area. At a press conference on May 31, association chairman Zaharin Mohd Yasin said the livelihood of business operators in the township’s commercial areas would be affected if the hypermarket plan was approved by the Domestic Trade and Consumer Affairs Ministry. Top Outbreak that won’t go away (The Star-3rd June 2006)

Dengue figures in USJ 11 have gone up again, making it the area with the highest dengue cases within the Subang Jaya Municipal Council (MPSJ) jurisdiction since the epidemic broke out in January. Despite the many campaigns carried out by the council, the number of cases has not reduced. Top

JS Valuers Research & Consultancy Sdn Bhd 8 of 11 pages Up in the arms over housing project on fragile slope (New Straits Times-4th June 2006)

Residents of Bukit Mas are fighting a housing project which they fear may lead to another tragedy like the Highland Tower. Situated near the Kampung Pasir landslide in the Hulu Klang area, Bukit Mas in Taman Melawati has had its share of minor landslides and there are cracks in the 232 housing units. Top Probe erosion problem in Bukit Kepong (The Star-15th June 2006)

A flood mitigation project under way in front of the flats in Taman Bukit Kepong in Kuala Lumpur, is believed to be the cause of serious soil erosion that threatens the safety of buildings in the area. Signs of erosion have been detected not long after the project started, when holes began to appear in the ground. The unsightly cracks that had appeared on the walls of some buildings in Taman Pusat Kepong were also caused by work on the flood mitigation project. Top Problems abound for folks at condo (The Star-16th June 2006)

Golden Villa condo and apartment residents in Kampung Jawa, Klang, are unhappy with the developer over several issues, including non-issuance of CF and lack of maintenance. The residents were issued vacant possession (VP) notice in October 2003 even though the premises did not have water and electricity supply or lifts. Security is another issue. There have been cases of motorcycle and car thefts as well as house break-ins, even though security guards are stationed at the guardhouse. Top Homes safe despite the cracks, folks told (The Star-20th June 2006)

The developer of the Bandar Puteri Low Cost Flats project claims that there is no structural damage to units at Block B, despite cracks that have appeared in several places. IOI Properties Berhad had engaged a contractor to carry out the necessary remedial works and ensured the residents that the flats are safe for occupation. Top Rawang village in watery mess (The Star-20th June 2006)

Poor drainage has caused some 50 houses in Kampung Sungai Bakau in Rawang to look as though they are set amid a wetland. The problem faced by the residents is not just flash floods but also dengue fever as pools of stagnant water left by the flash floods have made the area a mosquito breeding ground. Five dengue cases have been reported in the village since January. Resident, Harikrishnan Sellan said his house would be knee-deep in flood water whenever it rained heavily. Top PJ gets royal nod to be a city (The Star-21st June 2006)

Selangor’s Sultan Sharafuddin Idris Shah has given royal nod to Petaling Jaya’s ascension to city status on 20th June 2006. Former Petaling Jaya Municipal Council (MPPJ) president Datuk Ahmad Termizi Puteh was elected the new city’s first mayor and will helm what is now known as the Petaling Jaya City Council (MBPJ). Top

JS Valuers Research & Consultancy Sdn Bhd 9 of 11 pages Condo folks living in fear of landslide (The Star-24th June 2006)

Residents living in Fortuna Court Condominium at Jalan Awan Cina, Taman OUG, are worried about soil erosion behind their houses. This is because a development project is being carried out and the slopes have been left exposed since work started. Through YBR Management, condo residents had written to the developer of the project, One OUG Land Sdn Bhd, requesting them to construct a retaining wall before proceeding with the development. According to the developer, the delay in constructing the wall was due to the fact that they were conducting soil investigation on the site and will start work on the retention wall along OG Heights and Fortuna Court condominiums. Top Families move out as things turn shaky (The Star-26th May 2006)

Numerous cracks are beginning to show on the walls and floors of Khaw Eng Chuan’s rented house at Kampung Michael Chen in Sungai Way, Petaling Jaya. Khaw was shocked to find that a large part of the compound in front of his house had collapsed, missing his home by only 1.5m. He discovered the cave-in when he returned home at about 4pm. Petaling Jaya City Council will issue evacuation notices to the 141 remaining households in Kampung Michael Chen by this month end. They are to move to transit homes so that their area can make way for the building of low-cost flats under the Selangor Government's Zero Squatter programme. Top Flood woes continue (The Star-26th June 2006)

Business operators at the Seri Kembangan Commercial are fuming as the Subang Jaya Municipal Council’s (MPSJ) assurances that it will put an end to mud floods in the area have turned out to be nothing more than empty an promise. The commercial area was not the only victim of the two-hour downpour as many other parts of Serdang also experienced serious floods and the after-office traffic was brought to a crawl in congestion-prone Seri Kembangan town. Top Putting an end to Seremban floods (The Star-27th June 2006)

The drainage system in Seremban will be upgraded in stages to put an end to floods in the district. Seremban municipal council president Abd Halim Abd Latif said the project, costing about RM30mil, would be completed within the next five years. He said poor drainage system has been identified as one of the causes for the floods. “So far, the works on drainage in eight roads including Jalan Lee Sam, Jalan Tun Dr Ismail, Jalan Sg Ujung, Jalan Tuanku Munawar have been completed,” he said. Top Thefts, vandalism worry Cheras folks (The Star-27th June 2006)

Residents of five housing estates in Cheras have decided to work together to keep their neighbourhood crime free. The residents of Kompleks Perumahan PDRM Desa Baiduri, Taman Desa Baiduri, Taman Damai Indah, Cheras Utama and Taman Sri Taming gathered at a playground at Phase 1 of Taman Sri Taming to discuss matters relating to the safety and security of their area on Sunday. Balakong assemblyman Datuk Hoh Hee Lee said residents were concerned about the security in Taman Sri Taming after three cars were stolen and 30 cars broken into recently. Top

JS Valuers Research & Consultancy Sdn Bhd 10 of 11 pages Market project to resume (The Star-29th June 2006)

The halted Datuk Keramat Business and Market Complex project will resume by August and is expected to complete by middle of next year. The public market project comes with 124 shop spaces varying from fish, chicken meat and vegetable lots. There will also be 188 locked shop lots for businesses like goldsmith, hair salons and more. A food court featuring 132 stalls is also included. Top RM28mil market for Rawang (The Star-30th June 2006)

By July 31, traders selling food, fruits, fish, vegetables, flowers and meat will all be sited at the new market in Rawang town. The new wet market, a RM28mil five-storey building, has a built-up area of 90,000sq ft and floor space of more than 350,00sq ft. The market will have designated areas for traders selling non-halal and halal food. Traders who are presently doing business in the temporary market located in Rawang town have a month to clean up or renovate lots allocated to them before moving in. Top

The information contained herein is available to the public and have been derived from sources which we believe to be reliable. This publication is on the basis that the information made available to us is accurate and complete. However, we cannot guarantee its accuracy or completeness. JS Valuers Group accepts no responsibility if this should prove otherwise. No liability can be accepted for any loss arising from the use of this publication.

For more information, please contact:

Mr. Chan Wai Seen Director, Research & Consultancy Tel: 603-2162 4133 Email: [email protected] Fax: 603-2162 4188 Website: www.jsvaluers.com.my

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JS Valuers Research & Consultancy Sdn Bhd 11 of 11 pages