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AUGUST 2021 MERDEKA A NEW ICON IN KUA LUMPUR 08 ISSN 1823-0712 9 771823 071003 PP13691/07/2013(032715) FLYKLIA RM9.80 CONTENTS August 2021 August 2021 ‘Happiness at Work’ mentioned in his book that in order to attain a sense of happiness at work, one doesn’t need Airport Talk to earn more money or pursue the Airport GCEO Speaks 39 dream of owning one’s own bakery or becoming a wine sommelier. Read Reshaping Airline Capacity for Recovery 40 more about this on page 20. MAKAN-MAKAN Aviation News Covid-19 Private Screening Facility 22 RATA Opens in KLIA 42 22 K FRY URBAN KOREAN Malindo Air Joins IATA Travel Pass 43 23 CATA RESTAURANT Ethiopian Airlines Operates with 23 KNOWHERE BANGSAR Fully Vaccinated Crew 44 24 MANGIARE21 SriLankan Airlines to Resume 24 NOURISH BY KENNY HILLS BAKERS Flights to Moscow 45 25 GAJAA AT 8 Vistara Inaugurates Flight to 25 IF ONLY 43 Tokyo Haneda 46 26 PULLMAN KLCC New Airline Super Air Jet Secures 26 SOFILICIOUS AOC 46 27 BO ALL DAY DINING Raya Airways Celebrates New 27 SUSHI RYU Route to Nanning 47 28 SPARGO EATS Vietnam Airlines Resumes More 28 FRESCA MEXICAN KITCHEN AND International Flights 48 BAR Air Arabia and ANIF Launches 29 MORBITES Armenia’s New Airline 49 29 MARIA’S STEAKHOUSE 30 MANTRA ROOFTOP BAR Aviation Interview 12 30 THE LOCKER AND LOFT Aviation Interview with 31 FU LUCK BAR Alan Pryor 31 HYDE AT 53M the PNB 118 skyscraper which will General Manager of 32 PINING FOR PASTRIES WHAT’S HAPPENING rank as the second tallest building KL Convention Centre 50 THIS MONTH? in the world, after the Burj Khalifa. 34 SOUFFLE PANCAKES 44 6 CALENDAR 8 THE GOINGS-ON FEATURES 37 AIRLINK This month, we feature virtual tours 18 MALAYSIA’S HISTORICAL and events you can enjoy within the STRUCTURES comfort of home. Malaysia, along with its buildings, structures and architecture are 10 REELVIEW laden with history — a marker Let us reel you in with our of the country’s character and recommendations for your viewing cultural identity. In the spirit pleasure. of Merdeka, we discover the history behind five of Malaysia’s important structures and buildings. COVER STORY 12 PNB 118 — WORLD’S 2ND TALLEST 20 FINDING HAPPINESS IN YOUR TOWER WORKPLACE For the Merdeka issue, we look at Srikumar Rao, the author of 47 22 CONTENTS August 2021 CONTENTS August 2021 EDITORIAL Managing Editor / Publisher DATUK GARY THANASAN [email protected] Writers HIRANMAYII AWLI MOHANAN [email protected] AGNES AUI [email protected] Designer AFIQAH MOHAMAD [email protected] Aviation News / Airlink OCTAGON CREATIVE [email protected] How to reach KL Lifestyle For letters to editor, subscriptions, advertising, news releases and reproduction permission: 31 Jalan Utara 46200 Petaling Jaya, Selangor Arte by Thomas Chan Tel: +6019-333 7668 Email: [email protected] www.kl-lifestyle.com.my ART FEATURE Printer 86 Swan Printing Sdn Bhd Lot 5249, Jalan BS 7/1 82 ONG KIM SENG 24 Kawasan Perindustrian Serdang 43300, Seri Kembangan, Selangor 86 DATO’ SHARIFAH FATIMAH HOTELS 66 88 CHASING WANDERLUST — HOTEL Certification of average net circulation: RECOMMENDATIONS FOR YOUR POST- 73,148 copies (from 1.1.16-31.12.16) MCO GETAWAY 60 POWER PIECES 70 EXTRAORDINARY LIVING KL Lifestyle is distributed by MPH Distributor DESTINATION STORIES Sdn Bhd and sold at major bookstores at 61 SUNDAY FUNDAY RM9.80 per copy. It is also available at all 56 DESTINATION: MALAYSIA’S major hotels, KLIA and Malaysian airports, 62 LUXE REPORT HEALTH & BEAUTY selected malls, restaurants, popular cafes HISTORICAL SITES LIFESTYLE GUIDE 64 LUXE AUTOMOBILES — THE WORLD’S and coffee chains, hair salons and leisure and entertainment outlets in Kuala Lumpur. MOST EXPENSIVE CARS 74 GLOW FROM WITHIN KDN PP 13691/07/2013 (032715) 98 KL Map LUXE BY KL LIFESTYLE 66 BEAUTIFUL HOTEL DESTINATIONS 76 TEND TO YOUR TRESSES 100 Getting Around KL ON THE COVER 56 FASHION & BEAUTY NEWS 78 GET IN SHAPE AT HOME HOME AND LIVING PICTURE CREDIT PNB Merdeka Ventures Sdn. Bhd 59 LUXURIOUS SKINCARE 80 FEEL THE FRAGRANCE ESSENTIALS 68 MAKE LIVING EASY ENTERTAINMENT IN THE CITY ENTERTAINMENT IN THE CITY Virtual Tours Grand Canyon Fans of national parks should put the Grand Canyon on their travel bucket list. Big and beautiful, the Unesco World Heritage Site has some of the most magnificent vistas in the world. It is also home to a big range George Peabody Library of flora and fauna, with the most famous animal here being the rare California Formerly the Library of the Peabody Institute of the City of Baltimore, the Condor. On this tour, you will visit library’s collection dates from the founding of the Peabody Institute in 1857. archaeological sites that lay mostly hidden The library building opened in 1878 and was designed by Baltimore architect for centuries. Archaeologists excavated Edmund G. Lind, in collaboration with the Peabody Institute’s first provost, Dr. the sites, exposing them for a few days Nathaniel H. Morison. The stack room contains five tiers of ornamental cast- or weeks during which time these images iron balconies, which rise dramatically to the skylight 61 feet above the floor. were taken. Immediately after excavation, the sites were reburied to protect them The library contains 300,000 volumes, mainly from the 19th century, with from further damage from exposure to strengths in religion, British art, architecture, topography and history; American the elements and possible damage from history, biography, and literature; Romance languages and literature; history of visitation. This tour is now the only way science; and geography, exploration and travel. The five-tier George Peabody to experience these places where people Library is considered so beautiful that sometimes weddings are held in its Neo- once lived. Check out interactive 360° Greco atrium. It was also funded by American financier and philanthropist photos that show archaeologists at work, George Peabody. along with their tools. The Sistine artsandculture.google.com/story/hAUB7xhL5zT9rg nps.gov/features/grca/001/archeology Chapel Hosted by the Musei Vaticani, everyone is able to go on a brilliant virtual experience, from Raphael’s Rooms to the National Marine Sistine Chapel. If you have a VR headset, you Sanctuaries can get an even closer Immerse yourself in the ocean and experience, as the tour is national marine sanctuaries without compatible with WebVR. getting wet! These virtual reality voyages You will feel like you’re use 360-degree images to highlight the actually there. amazing habitats, animals and cultural resources you can find in each national museivaticani.va/ marine sanctuary. content/museivaticani/ en/collezioni/musei/ sanctuaries.noaa.gov/vr/ cappella-sistina/tour- virtuale.html MUST VISIT PUBLIC ART GALLERY MUSTMUST VISITVISIT ART GALLERYGALLERY ILHAM GALLERY KUALA LUMPUR LEVELS 3 & 5, ILHAM TOWER, NO 8, JALAN BINJAI, 50450 KUALA LUMPUR ILHAM is a public art gallery committed to supporting the development, EMAIL: [email protected] (FREE ADMISSION) understanding and enjoyment of Malaysian modern and contemporary art OPENING HOURS within a regional and global context. TUESDAY – SATURDAY (11AM – 7PM) SUNDAYS (11AM – 5PM) CLOSED ON MONDAYS AND PUBLIC HOLIDAYS ENTERTAINMENT IN THE CITY ENTERTAINMENT IN THE CITY Virtual Concerts and Shows Hubble Space Explore the Great Pyramid of Giza, Telescope’s Colosseum to the Kiyomizu-dera Temple Control Centre Through the beauty of Google Arts and Culture, users from all over the world are Take a 360-degree, virtual tour of able to explore various destinations, such as the Great Pyramid of Giza to the the Hubble Space Telescope’s home mighty Collosseum and stunning Kiyomizu-dera Temple in Japan — all through a for mission operations, the Space click of a button. Telescope Operations Control Center (STOCC) at NASA’s Goddard Space artsandculture.google.com/ Flight Center in Greenbelt, Maryland. project/street-view Begin in the lobby to learn about the orbiting spacecraft. Visit the Mission Operations Room, where the flight operators command and monitor Hubble. Step into the Operations Support Room, where the flight team investigates spacecraft anomalies and verifies new procedures. Then explore the exhibit hallway to view hardware that once flew in space aboard Hubble as well as tools that astronauts used to repair and upgrade the observatory. Disneyland nasa.gov/content/goddard/hubble- Allow your inner child to let loose and 360-degree-virtual-tour experience the happiest place on earth, all within the comfort of your couch. Using state-of-the-art technology, this innovative, interactive tour lets you see everything MPOPlaysOn @MPO TV there is to do in Orlando, including the world-famous theme parks and attractions, The MPOPlaysOn online series premiered last September with Beethoven’s Symphony No.4 on its MPO TV Youtube top hotels, dining and shopping hotspots, channel. The MPOPlaysOn campaign is an initiative to provide high-quality orchestral performances to the public entertainment districts, and much more. digitally during the pandemic. Explore virtual thrills like riding the tallest roller coaster, zip-lining over alligators or It is a continuation of digitalisation efforts by Dewan Filharmonik Petronas (DFP) and the MPO which started last experiencing what it’s like to stand on Main April with MPO at Home. This was a digital campaign comprising a series of short videos featuring the MPO and the Street in front of Cinderella Castle. Malaysian Philharmonic Youth Orchestra (MPYO) musicians performing virtually from their homes. visitorlando.com/en/things-to-do/virtual- tours/walt-disney-world-resort MUST VISIT MUSEUM SASANA KIJANG GALLERY THE NAUTILUS ICON SASANA KIJANG, 2 JALAN DATO’ ONN, One of the most striking features in Bank Negara Malaysia 50480 KUALA LUMPUR BANK NEGARA MALAYSIA MUSEUM AND ART GALLERY Museum and Art Gallery is the Nautilus Staircase that begins from The Art Gallery provides a rotating display of the Central Bank of the lobby and links every floor.
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  • Annual Report Corporate

    Annual Report Corporate

    REIT ANNUAL REPORT CORPORATE 2 Portfolio Overview 12 2015 Achievements – At a Glance 15 Financial Highlights 16 Corporate Information 18 Letter to Unitholders 23 Milestones 2015 25 Corporate Highlights & Events 26 In The News 32 Board of Directors of the Manager 33 Profile of Directors of the Manager CONTENTS 38 The Management Team GOVERNANCE 40 Corporate Governance 53 Statement on Risk Management and Internal Control 56 Statement on Directors’ Responsibility FINANCIALS 57 The Manager’s Report 86 Statement by Manager & Statutory Declaration 87 Trustee’s Report 88 Independent Auditor’s Report 89 Statement of Comprehensive Income 91 Statement of Financial Position 93 Statement of Changes In Net Asset Value 94 Statement of Cash Flows 95 Notes To The Financial Statements OTHER INFORMATION 142 Unitholdings and 30 Largest Unitholders as at 31 December 2015 145 Notice of Fourth Annual General Meeting Proxy Form 2 MRCB-Quill REIT PORTFOLIO OVERVIEW As at 31 December 2015, MQREIT’s portfolio comprised of 10 properties. The details are as follows: QUILL BUILDING 1 – DHL 1 Address/Location : 3509 & 3511, Jalan Teknokrat 5, 63000 Cyberjaya, Selangor Darul Ehsan Property Type : Commercial Building Description : 4-storey office building together with a sub-basement and a basement car park Tenure : Term in Perpetuity Date of Acquisition : 20 November 2006 Net Lettable Area : 92,284 sq ft Purchase Price : RM52,100,000 Market Value : RM126,000,000* Occupancy : 100% * On 14 August 2008, the respective pieces of land on which Quill Building 1 – DHL 1 and Quill Building 4 – DHL 2 are situated have been amalgamated pursuant to the condition imposed by the Securities Commission Malaysia (”SC”) during the initial Public Offering of MQREIT.