Construction
Sector
Enough funds for
Klang Valley MRT
Malaysia’s financial system can raise the required financing
to support the Klang Valley My Rapid Transit (KVMRT), according to Bank Negara
governor Tan Sri Dr Zeti Akhtar Aziz. Despite the “massive funds” needed for
the project, which has been touted as the country’s most expensive public
infrastructure to date, she cited Projek Lebuhraya Usahasama Bhd’s RM30.6bil
sukuk issuance in January as proof the capital market could stomach that level
of fund-raising.
She said, “We were invited to give our views and proposals
on how this (KVMRT) could be financed and I believe there are innovative ways
(to do it). Of course, all these projects need to be staggered and not happen
at the same time. And they must be managed very carefully so as not to cause an
economic dislocation of talent, supply, resources or liquidity.” - The Star
Property Sector
Developers eyeing
former Unilever plant site in Bangsar
A number of developers are said to have submitted their bids
to undertake the development of a 8.09ha in Bangsar that used to house Unilever
Malaysia’s soap and margarine manufacturing plant. It has been left unoccupied
since Unilever Malaysia moved out in 2003. Among the interested bidders are Mah
Sing Group Bhd and UEM Land Holdings Bhd.
Located at the intersection of Jalan Bangsar and Jalan
Maarof in Kuala Lumpur, the land initially belonged to Perbadanan Aset Keretapi
but has since changed hands to new owner Pelaburan Hartanah Bhd (PHB).The
successful candidate is expected to be announced in the first half of this year
but a source said this might be postponed to after the general elections. - The
Star
Source: AmeSecurites
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