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Night Closure of Jalan Ma'arof, Near Ma'arof
MEDIA RELEASE NIGHT CLOSURE OF JALAN MA’AROF, NEAR MA’AROF INTERCHANGE (KL- & PJ-BOUND) Closure to be implemented as works for the future Pusat Bandar Damansara Station progresses Kuala Lumpur, 28 February 2014: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) held a walkabout today to highlight the traffic management plan (TMP) devised for Jalan Ma’arof, Bangsar for the month of March, where the future Pusat Bandar Damansara MRT Station will be built. A section of Jalan Ma’arof near the Ma’arof interchange (Kuala Lumpur- and Petaling Jaya- bound) will be closed during the night from 4th March 2014 to 31st March 2014. The closure will be between 10:00pm and 6:00am daily. The stretch affected is between the junction of Jalan Medang Serai and Jalan Johar at the Ma’arof interchange. (Please refer to appended map, highlighted in Blue.) Page 1 of 5 “Motorists who usually use Jalan Ma’arof to head towards Petaling Jaya, Damansara Heights or Pusat Bandar Damansara, are advised to avoid Jalan Ma’arof during this period,” said En Amir Mahmood Razak, MRT Corp Director of Strategic Communications and Public Relations. “They can use other routes to access these areas. For example, if you are on Jalan Bangsar heading towards Kuala Lumpur, you could use Jalan Travers and Jalan Damansara. If you are heading towards Petaling Jaya, you should go onto Jalan Pantai Baru to get on the Federal Highway and then onto Jalan Universiti,” he explained. “Traffic on these routes should not be busy as it will be during the night time,” he added. -
Prudent Growth Quantum
JANUARY - MARCH 2020 2020: Prudent Growth Quantum 2020 is a significant year in many ways. Accordingly, the Metal Rat has been Not that the professional real estate It marks the start of a new decade, hailed to kickstart new beginnings practice would admit such factors into the Olympics returning to Tokyo for and renewals, this is said to be an the calculations, it nevertheless has an the second time and the World Expo auspicious year for those who have influence to some common beliefs at where countries of the world come yearned to be calibrated for a new the workplace, especially for Chinese- together to exhibit in one place and season. It is also touted to make 2020 run enterprises and family-owned this time they will convene in Dubai in a strong, prosperous and lucky year businesses who have abided by the October. For the Chinese, 2020 also because from metal, it produces conventional customs and wisdoms for represents a new beginning as the water and this is said to be ideal for generations. Lunar or Chinese New Year will usher productivity especially for those related in a new calendar cycle, starting with in the metal industry. In spite of this, And speaking of generations, Malaysia the Rat and to be more specific, it is the there were also contrasting views from is now experiencing a change in its year of the Metal Rat. renowned metaphysicians. demographic make-up where the JANUARY - MARCH 2020 HERALD 1 market outcome will only be realised when these factors have a definite resolution or that they have come to a harmonious conclusion. -
Asian Insights Sparx
Asian Insights SparX KL-SG High Speed Rail Refer to important disclosures at the end of this report DBS Group Research . Equity 27 Jun 2019 KLCI : 1,676.61 Riding the HSR revival Success of Bandar Malaysia hinges on HSR Analyst Tjen San CHONG, CFA +60 3 26043972 [email protected] Holistic project financing is key QUAH He Wei, CFA +603 2604 3966 [email protected] Strong catalyst to revitalise property market STOCKS Top picks – IJM Corp, Gamuda, Matrix Concepts 12-mth HSR revival. Two key events unfolded in 2Q19 which could pave the Price Mkt Cap Target Price Performance (%) way for the recommencement of the Kuala Lumpur (KL)-Singapore(SG) RM US$m RM 3 mth 12 mth Rating high-speed rail (HSR) project in May 2020. First, MyHSR Corp called for a Technical Advisory Consultant (TAC) and a Commercial Advisory Gamuda 3.62 2,165 4.30 27.5 11.0 BUY Consultant (CAC) tender. Second is the revival of the Bandar Malaysia. IJM Corp 2.40 2,108 2.55 8.6 32.6 BUY Muhibbah 2.77 323 3.55 (6.1) (9.5) BUY The revival would be timely for construction as it will ensure a growth WCTEngineering Holdings Bhd 1.05 358 1.37 30.6 33.0 BUY agenda during the mid-term of the PH-led government. From an Kimlun Corp 1.40 113 2.16 15.7 2.9 BUY economic standpoint, the project would appear feasible given that the Sunway 2.02 631 1.91 9.2 8.6 HOLD KL-SG flight route remains the world’s busiest. -
EY KL Calling 2020
KL calling: dynamic, digital, diverse Investors guide Foreword The next phase of Kuala Lumpur’s growth is pivoting towards next-gen industries, including Industry 4.0. In recent years, Kuala Lumpur has garnered investments from high-tech multinational corporations in advanced medical technologies, digital e-platforms, Internet of Things, robotics and higher-value Global Business Services. Malaysia’s world-class infrastructure, supportive government policies and agencies Dato’ Abdul Rauf Rashid and future-ready digital talent proficient in EY Asean Assurance Leader English and Asian languages continue to Malaysia Managing Partner attract international businesses to establish Ernst & Young PLT their regional headquarters and centers in Kuala Lumpur. Beyond 2020, I envision that Kuala Lumpur will holistically evolve to become a smart digital city, driven by a balanced community purpose, i.e., to serve its residents’ needs and systemically improve common facilities and amenities for the well-being of Malaysians, business residents, expatriates and international visitors. Malaysia welcomes investors to recognize Kuala Lumpur’s 3 D strengths: dynamic, digital, diverse, and participate in Kuala Lumpur’s next exciting transformation! Selamat datang ke Kuala Lumpur! KL calling: dynamic, digital, diverse | 1 Our strategy is to be as close as “possible to our customers to understand their needs and to Malaysia’s fundamentals remain develop suitable products and “ solutions to fulfil their strong and attractive to investors. requirements. As the region’s most competitive manufacturing Despite the COVID-19 pandemic, powerhouse, Kuala Lumpur we remain in active discussions emerged as a natural favorite. with potential investors. Although some investors are ABB taking a wait-and-see approach, others remain committed to their investments as they hold a long- About 16 months into our term view. -
BANDAR MALAYSIA FAQ IWH-CREC Sdn Bhd (ICSB)
BANDAR MALAYSIA FAQ IWH-CREC Sdn Bhd (ICSB) has signed a deal to acquire 60% of Bandar Malaysia Sdn Bhd (BMSB) equity from TRX City Sdn Bhd (TRXC) on 17th December 2019 for a consideration of RM6.45 billion. 1. Who is IWH-CREC Sdn Bnd (ICSB)? ICSB is a joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CRECM). IWH holds 60% interest in ICSB and the remaining 40% is by CRECM. CRECM is a 100% owned subsidiary of CREC. CREC is a world-leading construction conglomerate with more than 120 years history. As one of the world’s largest construction and engineering contractors, CREC takes a leading position in infrastructure construction, industrial equipment manufacturing and real estate development. Over the decades, the CREC has built more than 2/3 of China’s national railway network and 90% of China’s electrified railway. IWH shareholding is 37% Kumpulan Prasarana Rakyat Johor (KPRJ – Johor State Govt) and 63% Credence Resources (Tan Sri Dato’ Lim Kang Hoo). At the BMSB level, there will be approximately 76% Malaysian/local interest or 53% federal/state’s interest. Credence KPRJ Resources China Railway (Johor (TS Lim Engineering State Govt) Kang Hoo) Corporation 37% 63% (M) Sdn. Bhd. 100% China Railway Iskandar Engineering Waterfront Corporation (M) Holdings Sdn. Bhd Sdn. Bhd. Bhd. 60% 40% IWH CREC Sdn. Bhd. 2. Who is TRX City Sdn Bhd (TRXC)? TRXC is a wholly owned subsidiary of the Ministry of Finance, Malaysia. TRXC was formerly a subsidiary of 1Malaysia Development Bhd before it was transferred to MoF due to mounting 1MDB debts and the inability to fund the TRXC projects, including Bandar Malaysia. -
T7 Global Berhad – Annual Report (2018
T7 Global Berhad (662315-U) C-16-01, Level 16, KL Trillion Corporate Tower, Block C 338, Jalan Tun Razak, 50400, Kuala Lumpur, Malaysia www.t7global.com.my Tel : +603 2785 7777 Fax : +603 2785 7778 Email : [email protected] CONTENTS 02 Vision, Mission & Philosophy 03 Corporate Information 04 Corporate Structure 05 T7 Global Berhad 06 Highlight of Subsidiaries 08 Five Years Financial Calendar and Highlights 10 Board of Directors 11 Chairman Statement 13 Management Review 17 Directors’ Profile 23 Key Senior Management 26 Sustainability Statement 36 Audit Committee Report 38 Statement on Risk Management and Internal Control 41 Corporate Governance Overview Statement 52 Statement on Directors' Responsibility for Preparing the Financial Statements 53 Additional Compliance Information 54 Financial Statements 161 Notice of Annual General Meeting 167 Analysis of Shareholdings • Form of Proxy 2 T7 GLOBAL BERHAD (662315-U) VISION To be a trusted partner which make a difference on the global stage. MISSION & PHILOSOPHY To support the different industries we serve by becoming the preferred integrated service provider through continuous innovation, smart partnerships and value creation ANNUAL REPORT 2018 3 CORPORATE INFORMATION COMPANY SECRETARIES REGISTRAR Chua Siew Chuan (MAICSA 0777689) Tricor Investor & Issuing House Services Sdn Bhd Tan Loo Ee (MAICSA 7063694) (Company No. 11324-H) Unit 32-01, Level 32, Tower A, REGISTERED OFFICE Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, Level 7, Menara Milenium, Jalan Damanlela, -
Kuala Lumpur
Powered by Powered by Kuala Lumpur Residential Market Update January 2019 The formation of a new government following Malaysia’s recent general election is already having a positive impact Economic indicators on the economy. Nominal quarterly GDP growth for Malaysia, Malaysia-wide unemployment, inflation and the overnight policy rate Consumer sentiment has been improving following the three month tax holiday, with the introduction of the GDP Quarter-on- Malaysia Overnight zero-rating of the Goods and Services Tax (GST), effective 1.7% Quarter Growth 3.25% Policy Rate from 1st June 2018, and the re-introduction of the Sales and Q2 2018 September 2018 Services Tax (SST) on 1st September 2018. This has been reinforced by strong employment and a low inflation rate; in Unemployment Rate Inflation Rate August 2018, unemployment levels stood at 3.4% and the 3.4% August 2018 0.2% August 2018 inflation rate was low at 0.2%. In the second quarter of 2018, the Business Conditions Index Nominal GDP growth Unemployment Rate Inflation Rate 6% (BCI), published by the Malaysian Institute of Economic Research, hit its highest level for the past 13 quarters at 5% 116.3 points. In addition, the continuing development of Kuala 4% Lumpur’s new financial district, Tun Razak Exchange, looks set 3% to further boost Malaysia’s growing financial services sector. 2% Keeping pace with rapid urbanisation is the development 1% progress of transport infrastructure in Greater Kuala Lumpur 0% (GKL). The completed and on-going Light Rail Transit (LRT) and Mass Rapid Transit (MRT) lines are enhancing mobility and -1% connectivity within the region, and helping to transform GKL -2% into a sustainable and liveable metropolis. -
Bandar Malaysia Jv Partners Settle Contractual Obligations to Government
PRESS RELEASE FOR IMMEDIATE RELEASE BANDAR MALAYSIA JV PARTNERS SETTLE CONTRACTUAL OBLIGATIONS TO GOVERNMENT ALL IS CLEAR FOR PROJECT TO TAKE OFF NOW KUALA LUMPUR, SEPTEMBER 15 2020 – Bandar Malaysia, the single largest city development in the region, is now ready to take off with the settlement of the RM1.24 billion payment due to the Federal Government by IWH-CREC Sdn Bhd. A total of RM1,24 billion has been paid by IWH-CREC, under the revised share sale agreement and shareholders’ agreement, which includes the 10-per cent deposit and a RM500 million advance payment to TRX City Sdn Bhd, which is wholly owned by Minister of Finance Inc. Under the agreements, IWH-CREC will take up a 60-per cent stake in Bandar Malaysia Sdn Bhd, the project’s master developer, from TRX City, with the remaining 40- per cent held by the Ministry of Finance. IWH-CREC is a joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China state-owned enterprise, China Railway Engineering Corporation (CREC). The Johor State Government also has an interest through Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ), which owns 37-per cent of IWH. Page 1 of 5 At a ceremony today, IWH, led by its executive vice chairman Tan Sri Lim Kang Hoo and CREC Malaysia Chairman Mr Chen ZhiGong handed over a cheque for RM1.24 billion to TRX City Sdn Bhd represented by Dato’ Asri bin Hamidon, witnessed by Minister of Finance YB Senator Dato’ Sri Tengku Zafrul Bin Tengku Abdul Aziz, Minister of Transport Datuk Seri Dr Wee Ka Siong, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Malaysia, H.E. -
Greater Kuala Lumpur: Bridge Between Asia and the World Why Greater Kuala Lumpur Is the Ideal Business Hub for Regional and Global Companies
www.pwc.com/my Greater Kuala Lumpur: Bridge between Asia and the world Why Greater Kuala Lumpur is the ideal business hub for regional and global companies July 2017 This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. ©2017 PwC. All rights reserved. “PricewaterhouseCoopers” and/or “PwC” refers to the individual members of the PricewaterhouseCoopers organisation in Malaysia, each of which is a separate and independent legal entity. Please see www.pwc. com/structure for further details. 2 Greater Kuala Lumpur: Bridge between Asia and the world Foreword Asia remains the world’s growth driver, and Greater Kuala Lumpur is at the heart of it In PwC’s World in 2050 report, released earlier this year, Foreign investors are particularly interested in using we continue to foresee the shift in global economic power Malaysia and Greater KL as their regional operational away from established advanced economies towards hub to tap into the growing opportunities in emerging emerging economies in Asia. -
Newsletter-April 2017 5
FREEHOLD APRIL 2017 EKOVEST PP18916/11/2015(034379) TOP ASIA AWARD FOR SUKUK ISSUANCE SOME THINGS ARE DUKE 3 Worth Treasuring PRIME MINISTER'S VISIT In Life TO RIVER OF LIFE SITE River Beautification In Precinct 7 EkoCheras Mall EKOCHERAS EQUATES EARTH-CONSCIOUSNESS SUSTAINABILITY EkoCheras BEST MIXED DEVELOPMENT EkoRiver Centre (KL River City) REDEFINED by Ekovest Berhad LAVISH YOURSELF IN THE HEART OF THE CITY LIKE NEVER BEFORE Embrace uber modern contemporary living. Inside and outside. From lavish living space full of natural light to leisurely outdoors filled with breezy style and comfort. EkoTitiwangsa is a living icon connected to a 7-storey shopping mall (approx. 600,000sf) with a breathtaking view of the stunning KL skyline. Not Least, EkoTitiwangsa is located along Titiwangsa, right next to the DUKE Highway and KL River City. Offering exceptional accessibility, these 3 blocks of freehold service apartments are the answer to urbane living in luxury suites ranging from 820sf to 1340sf, as well as immense safety via 24-hour CCTV surveillance with 3-tier security complete with smart card access and guard patrol. EKOVEST BERHAD DEVELOPER HEAD OFFICE EKOVEST BERHAD SALES GALLERY Ground Floor, Wisma Ekovest, No. 118, No 122, Jalan Desa Gombak 1, Ekovest Land Sdn Bhd (549480-K) Jalan Gombak, 53000 Kuala Lumpur. 53000 Kuala Lumpur. +603 4032 1881 (A wholly owned subsidiary of Ekovest Berhad) T : +603-4021 5948 F : +603-4032 1771 GPS Co.: N 3°11'38.6" E 101°42'18.5" www.ekotitiwangsa.com E : [email protected] fb.com/Ekovest Berhad -
Annual Report 2017 Group Highlights 2017
ANNUAL REPORT 2017 GROUP HIGHLIGHTS 2017 1. SALES 4. SHAREHOLDERS FUND 7. PROFIT ATTRIBUTABLE TO RM4.92 billion RM11.94 BILLION OWNERS OF THE COMPANY RM933 million 2. REVENUE 5. EARNINGS PER SHARE 8. ENLARGED LAND BANKS RM4.52 billion 26.77 Sen 9,606 acres 3. PROFIT BEFORE TAX 6. DIVIDEND PER SHARE 9. STRONG GDV IN THE PIPELINE RM1.27 billion 15.5 sen RM128.37 billion 10. ON-GOING PROJECTS 44 projects TOTAL SALES 11. UNBILLED SALES ACHIEVED RM7.72 billion FOR FY2017 IS 12. TOTAL STRONG DYNAMIC & DIVERSIFIED EMPLOYEES RM4.92 BILLION 2,300 people COVER RATIONALE At S P Setia, the sky is not the limit. In fact, we believe that the future is limitless. Opened to the possibilities of tomorrow, we embarked on a journey of strengthening growth, anchored by the dynamic and highly-talented Team Setia and our wide range of products. Guided by our ethos, we worked together, embraced change and demonstrated our resilience in the face of challenges while at the same time, boosting our capabilities today to fortify tomorrow’s opportunities. We will continue to reinforce our strong foundations, define our path forward to build a meaningful, sustainable future, for us and for our stakeholders. CONTENT OUR BUSINESS OUR LEADERSHIP AND PEOPLE Vision, Mission & Values 3 Board of Directors 36 Corporate Profile 4 Directors’ Profiles 38 Global Presence 6 Senior Management Team Profiles 48 Corporate Structure 8 Corporate Information 11 OUR ACHIEVEMENTS AND ACCOLADES Achievements 54 OUR PERFORMANCE REVIEW Accolades 60 Chairman’s Message 12 Management Discussion -
Section 3 Project Description Projek Mass Rapid Transit Laluan 2 : Sg
Section 3 Project Description Projek Mass Rapid Transit Laluan 2 : Sg. Buloh – Serdang - Putrajaya Detailed Environmental Impact Assessment SECTION 3 : PROJECT DESCRIPTION 3. SECTION 3 : PROJECT DESCRIPTION 3.1 INTRODUCTION The main objective of the Project is to facilitate future travel demand in the Klang Valley and to complement the connectivity to Kuala Lumpur by improving the current rail coverage and increasing accessibility of public transport network to areas not currently served or covered by public transport. The SSP Line will serve the existing residential areas, minimize overlapping with existing rail service and provide convenient access to Kuala Lumpur city centre. This section describes the Project in terms of the proposed alignment and stations, the planning and design basis, operation system and the construction methodology. 3.2 PLANNING AND DESIGN BASIS The over-arching principles in the development of the KVMRT is even network coverage, entry into the city centre, location of stations in densely populated areas and ability to sustain future expansion. The GKL/KV PTMP has identified key issues in the rail network such as capacity and quality of existing systems, integration between modes, gaps in network coverage and mismatch in land use planning. Considering the gap in the network, particularly in the northwest – southern corridor, the SSP Line is designed to serve the city centre to Sg Buloh, Kepong, Serdang and Putrajaya areas. The SSP Line will traverse through high density residential and commercial areas and has the capacity to move large volumes of people from the suburban areas to the employment and business centres. In terms of planning basis, the main objectives of the Project are as follows:- • To meet the increasing demand for rail based urban public transportation • To increase the railway network coverage and its capacity • To provide better integration between the new SSP Line and existing rail lines such as LRT, Monorail, SBK Line and KTM lines as well as the future High Spee Rail.