Monday, August 10, 2015 ALL BUSINESS DAILY 6 corporate

Cooperative Naza TTDI sets sight on new sector can earn property developments for 2015 additional Company will be “We started by developing RM1b watching for the right townships and have eventu- ally progressed to larger The cooperative sector in time to launch these scale development such as the country could generate an projects, says KL Metropolis, Platinum additional revenue of up to Park and the recent TTDI RM1 billion by selling prepaid group MD Gateway,” he said, adding mobile phone top-up online. the company has recently National Cooperative Or- by Premalatha Jayaraman launched its new project, ganisation of Malaysia (Ang- “Stellar Residence”, and is kasa) president Datuk Abdul Naza TTDI Sdn Bhd, the planning a medium class Fattah Abdullah said the earn- property development arm of apartment in TTDI Alam ing projection was calculated the Naza Group, plans to Impian, Shah Alam. based on the annual prepaid launch new properties with Menara Naza TTDI is a mobile phone reload sales of gross development value of 20-storey office tower with a RM3 billion in the country. about RM1 billion this year, if gross floor area of 306,000 sq “If the cooperative sector possible. ft and 250 parking bays could earn 10% of the amount Its deputy executive chair- with facilities such as a gym, (RM3 billion), it could get a man and group MD SM Faliq swimming pool and café. turnover of RM300 million. SM Nasimuddin said the com- Faliq said the property If we can earn 30%, it will be pany will be watching for the developer also plans to RM1 billion,” he said when right time to launch new pro- explore other states to start met at an Aidilfitri open Pic by Hussein Shaharuddin ducts in the market. Faliq (left) and Azmin during the opening of Naza’s new head office in Shah Alam last Friday its property projects. house hosted by Angkasa in Other property developers The group is also involved Langkawi. are also taking similar ap- wait for the right timing,” he Faliq said Naza TTDI is cur- TTDI Grove in Kajang and the i|n the low cost and afford- He said to encourage more proach due to the current told reporters after the open- rently developing three key 38-acre TTDI Gateway project able homes offering and un- cooperatives to get involved in softer market sentiment, he ing of Menara Naza TTDI in projects in , namely a in Shah Alam. dertaking under the “Rumah e-commerce, Angkasa’s subsi- added. Section 13, Shah Alam, by Se- 208-acre (84.2ha) township of The RM2.5 billion TTDI Selangorku” project, which diary, MyANGKASA Services “This year is a bit slow with langor Mentri Besar Mohamad TTDI Alam Impian in Shah Gateway is a new business life- are built in some of its exist- Sdn Bhd recently launched two no mega launching. We will Azmin Ali last Friday. Alam, a 113-acre township of style hub located in Shah Alam. ing projects. business services, namely va- lue-adding communications and bill payment using the android “PAY4ALL” applica- Labour force as key ingredient for economic growth tion platform. — by Fundsupermart Team the world on the back of a economic resources from the at the current juncture. While its developed counter- drop in fertility over the next former will be channelled Thus, Asia will still have the parts are mainly relying on TPM The long-term growth rate of decade. towards the latter in the form opportunity to extract the be- labour productivity gains (via labour force is one of the key Europe is expected to have a of investments in the health- nefits of a demographic divi- technological advancement Biotech ingredients for potential eco- shrinking labour force in the care system and social protec- dend (the state where an eco- and innovation) to drive eco- nomic growth. Labour force is coming decade albeit at a mo- tion system. nomy has a relatively high nomic growth, any improve- generally defined as the work- derate negative CAGR of 0.6%. It is also likely to see policy- ratio of working to dependent ments in Asian’s labour pro- leads herbal ing age population (age 15-64) Surprisingly, the fertility makers in Europe addressing populations) if there are sta- ductivity will be an additional that is either employed or rate for Europe as a whole is the shrinking labour force ble labour market conditions positive catalyst for the region’s sector in available for work but not projected to increase from 1.6 issue by receiving more migra- in place and sufficient invest- growth story. working. children per women in 2010- tions from various emerging ments in human capital. As a part of Asia, Malaysia is the north According to United Nation’s 2015 to 1.8 in 2045-2050, but is markets. Some of the benefits of a characterised with a similar latest published “2015 Revision still below the required On the other hand, Asia will demographic dividend include demographic structure thus of World Population Pros- replacement level (approxi- be having the strongest growth lower healthcare expenditure laying a good foundation for Technology Park Malay- pects”, the world labour force is mately 2.1 children per woman, rate in labour force over the for the old dependent group, future economic growth over sia Corp Sdn Bhd (TPM) has expected to expand at a com- on average) to sustain the cur- next decade as a result of the lower educational expenditure the coming decade. strengthened its position as pounded average growth rate rent population figure. strong population growth over for the young dependent group What’s left for policymakers a leader in the herbal indus- (CAGR) of 1.02% for the next 10 This creates various chal- the past few decades. and so on. in Malaysia is to work on creat- try in the northern region years, moderating from a 1.51% lenges for the European policy- Unlike in the developed With a favourable demo- ing more job opportunities for especially in Perlis follow- CAGR in the last decade. makers to sustain growth in economies, Asia’s population is graphic structure serving as a productive absorption and fos- ing its cooperation with her- One of the key factors that their region. For instance, as dominated by the younger structural advantage for the tering higher level of invest- bal drinks producer, D’Yom will contribute to a slower labour force shrinks and the generations with its median Asian economies, the invest- ments in the human capital as Herbs Sdn Bhd. growth forecast is the declin- old dependent group enlarges age standing at 30.3 years as ment case in Asia remains promised in the 11th Malaysia TPM, via its subsidiary TPM ing population growth around in the coming decade, more compared to 41.7 in Europe compelling. Plan. Biotech Sdn Bhd, yesterday signed a joint-venture agree- ment with D’Yom Herbs to assist the latter in the aspects Call for effort to get 30% women in top management of research and development, production as well as manufac- turing technology. Public-listed companies much better decision making. the challenge now is how do Chairman Datuk Mohd Az- (plcs) need to make a renewed “We must make progress. we retain them in the pipeline man Shahidin who is also TPM effort in order to achieve the “Now that we understand that ultimately get considered president and CEO said the 30% target of women in top we are way behind, we have to be occupying senior leader- company hoped that the pro- management by next year, to move faster, and the stake- ship and board positions. duction capacity of its herbal Malaysia Debt Ventures Bhd holders in the process must “There has to be some help centre in Kangar, Perlis, would chairman Tan Sri Zarinah make a renewed effort,” she recognising that today. Wo- reach full capacity with the Anwar said. told reporters after a forum men, notwithstanding that cooperation from D’Yom Herbs. She said the plcs should themed “Empowering the they have made great strides The RM21 million centre shrug off the perception that Quality of Life for Malay- and become successful, still which started operations at having women in top manage- sians” in conjunction with bear the major burden of end-2012 is currently operating ment would result in less qua- the GLC Open Days 2015 in households and children at 60% capacity, he said. lity decision makings, other- Kuala Lumpur yesterday. development responsibility,” “Since its establishment, wise the target could not be Zarinah said the diversity she said. TPM Biotech has helped in met by the end of next year. Pic by Ismail Che Rus on board of directors would Hence, she said employers developing 80 herbal drinks Set in 2011, she said the goal Now that we understand we are way behind, we have to move faster, and result in diversity in decision were also responsible in for- and products based on natural the stakeholders must make a renewed effort, says Zarinah was targeted to be achieved making as it would integrate mulating a suitable workplace ingredients. within five years. the plcs has so far accommo- why we need to have women risk-taking men and risk- policy to motivate women to “Out of this, more than “At that time, we felt that it dated only 10.3% of women in on board. Many studies adverse women. stay in their jobs and continue 50 products have been com- was achievable. But, the pro- top management. have shown that having a “The universities have pro- contributing to their compa- mercialised successfully,” he gress has been really slow, and “Do not question anymore diverse board resulted in duced enough women talent, nies. — Bernama said. — Bernama residents to get 250,000 MYTV decoders MYTV Sdn said the figure is part of the for extending the test broad- ter in Bukit Karatong, Kota pants who will be the pioneer the test phase. Bhd is allocating more than two million decoder sets to be cast to Sabah. Kinabalu, there are two more recipients of the initial digi- Also present were Malay- 250,000 decoder sets for free distributed free to the people “Sabah was selected by transmitters to be set up in tal television broadcast. sian Communications and to residents in Sabah when throughout the country. MYTV as the first location to Gunung Andrassy in Tawau All participants will have Multimedia Commission digital Speaking at a presentation extend DTT broadcast in and Bukit Trig in Sandakan,” MYTV decoders installed chairman Datuk Seri Dr (DTT) broadcast is fully of MYTV decoder sets to 30 Sabah and and is the he said. temporarily for free and Halim Shafie and Communi- launched next year. participants under a DTT trial fourth state to undergo the There will be 1,500 MYTV will get to view seven sta- cations and Multimedia Communications and Mul- broadcast in Kampung trial DTT broadcast. trial decoder sets allocated to tions namely TV1, TV2, TV3, Ministry deputy secretary timedia Minister Datuk Seri in , Mohd “Apart from installing a selected residents in Sabah as NTV7, TV8, TV9 and TV Al- general (operations) Datuk Dr Mohd Salleh Said Keruak Salleh congratulated MYTV DTT trial broadcast transmit- DTT test broadcast partici- Hijrah in digital format under Che Azemi Haron. — Bernama