The Pekeliling flats area, located along Jalan Tun Razak-Jalan Pahang is to be redeveloped. Now known as Tamansari Riverside Garden City, its developer Asie Sdn Bhd has awarded Mah Sing a contract to build properties for RM900 million. Asie expects to award two more contracts by year-end to build properties worth over RM1 billion. The project has supposedly been put on hold thrice (1976, 1997 and 2008.) (Source: Business Times)
Comment: I hope they look into the traffic congestion problem first.
The business outlook for shipping firms in Asia-Pacific remains weak because of continuing transportation supply exceeding demand. In a statement today, Standard & Poor (S&P) said high fuel prices and economic uncertainties, coupled with other factors such as overcapacity, would continue to hinder the recovery of the main shipping sectors in the region and globally. (source: Bernama)
Comment: This could be favourable for logistics companies.
Chief Minister Tan Sri Abdul Taib Mahmud said today that the Sarawak government hopes to attract at least RM200 billion in private investments for the Sarawak Corridor of Renewable Energy (SCORE) over the next 20 years. RM26.4 billion worth of investments in 13 projects have been approved so far.(source: Bernama)
Comment: This one is sweetener for coming elections or can really score big ?
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