Wednesday, June 23, 2010

Kolej Universiti Insaniah Kedah

Pensindiketan Bank Islam Berjumlah RM330 Juta Bagi Pembinaan Kolej Universiti Insaniah
(Bank Islam Webpage)

KUALA LUMPUR, Isnin [22 Februari 2010]: Bank Islam Malaysia Berhad (“Bank Islam”) berjaya merangka fasiliti kewangan Islam bersindiket bernilai RM330 juta (“Fasiliti”) untuk Kedah Sato Sdn. Bhd. (“KSSB”), yang merupakan anak syarikat Bina Darulaman Berhad (“BDB”), bagi pembinaan dan pembangunan kampus tetap baharu Kolej Universiti Insaniah (“KUIN”).

Bank Islam, yang telah dilantik sebagai Pengatur Utama menyempurnakan pensindiketan ini dengan usaha sama Affin Islamic Bank Berhad. Bank Islam sebagai pengatur utama membiayai sejumlah RM200 juta, manakala sejumlah RM130 juta pula dibiayai oleh Affin Islamic Bank Berhad.

Pensindiketan ini merupakan pembiayaan bagi pembinaan dan pembangunan secara keseluruhan dan juga kos-kos yang berkaitan bagi projek KUIN. Dalam struktur fasiliti ini, KSSB akan menyelesaikan khidmat fasiliti ini dalam 15 tahun termasuk 3 tahun tempoh tangguh.

Perjanjian bagi fasiliti ini telah ditandatangani oleh pihak KSSB, Bank Islam dan Affin Islamic Bank. Dato’ Sri Zukri Samat, (Pengarah Urusan, Bank Islam Malaysia Berhad) telah menandatangan bagi pihak Bank Islam sementara Dato’ Jahubar Sathik bin Abdul Razak (Pengarah Urusan Kumpulan, Bina Darulaman Berhad) bagi pihak KSSB. Wakil bagi pihak Affin Islamic Bank ialah Tuan Haji Abd. Rani bin Lebai Jaafar (Timbalan Ketua Pegawai Eksekutif, Affin Islamic Bank Berhad)

Monday, June 21, 2010

147km Kuantan-Segamat highway upgrade under study

ROMPIN
The Star 21-06-2010

ROMPIN: The Works Ministry will carry out a study on upgrading the Kuantan-Segamat highway to a dual carriageway following fatal accidents involving two families that occurred there within two weeks.

Minister Datuk Shaziman Abu Mansor said the study on the 147km-long highway, also known as Tun Razak Highway, would be conducted as soon as possible.
“I will raise this matter up to the Economic Planning Unit and ask for the project to be included in the 10th Malaysia Plan,” he told reporters after opening the Rompin Umno division delegates meeting here yesterday.


Also present were Rompin Umno division chief and Rompin MP Datuk Seri Dr Jamaluddin Jarjis, Deputy Human Resource Minister and Muadzam Shah assemblyman Datuk Maznah Mazlan and Tioman assemblyman Datuk Johari Hussein.

Shaziman said this in response to Thursday’s accident in which five family members were killed and three seriously injured at the 87th kilometre at about at 7.45am.
On June 7, a woman, her four children and her brother were killed in an accident on the highway. Both accidents occured about 10km from each other.

Shaziman said his ministry was looking into the possibility of building a new route from Rompin and Pekan in Pahang to Bahau in Negri Sembilan during the 10MP.
“This new Kuantan-Bahau-Serting route would enable motorists to bypass the East Coast Highway,” he added.

On the progress of the second phase of the East Coast Highway, Shaziman said there was a slight delay because of the contractor’s poor handling of the project.

Shaziman said the RM3bil 190km highway from the border of Pahang to Kampung Gemuruh in Terengganu had been scheduled to be completed by next year but was only expected to be completed in 2012 now.

Friday, June 18, 2010

Tenaga to bid for US$2.1b power project

18-06-2010

Tenaga Nasional Bhd, Malaysia’s state-controlled generator, will bid for a RM7 billion (US$2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand.Construction of a new coal-fired plant at the utility’s existing station in Manjung would start in early 2011 and be completed by the end of 2014, president Che Khalib said in an interview at the company headquarters in Kuala Lumpur yesterday.Malaysia’s Energy Commission will soon call for bids to upgrade power plants by 2015 as the electricity reserve margin could fall below 20 per cent if capacity isn’t increased, the Business Times reported on June 16, citing Energy Minister Peter Chin. Power demand may rise by as much as five per cent a year in the next five years, in step with the government’s target of six per cent annual growth through 2015, Che Khalib said.

Tenaga may have to compete for the project with MMC Corp, Malaysia’s second-biggest electricity producer, and Jimah Energy Ventures, an independent power producer with a 25-year licence to operate a 1,400-megawatt coal-fired plant near Port Dickson in the southern state of Negri Sembilan.If Tenaga wins the bid, it may sell bonds in the middle of 2011 to help finance the project, Tenaga president Che Khalib said in an interview in Kuala Lumpur yesterday. “The usual funding structure will be 20 per cent equity and 80 per cent debt, so probably around RM4 billion to RM5 billion kind of debt-raising” would be needed.Tenaga shares rose 0.2 per cent to RM8.37 at 10:39 a.m. on the Malaysian stock exchange, headed for the highest close since May 19. They’ve dropped 0.4 per cent this year, lagging behind the benchmark index’s 3 per cent gain in the same period.

The government is planning 52 infrastructure and development projects worth RM63 billion over the next five years, including two coal-fired power plants, Prime Minister Datuk Seri Najib Razak said on June 10. The contracts will be put up for open tender, he said. -- Bloomberg

Friday, June 11, 2010

Gems of 10th Malaysia Plan for Cosntruction Industry

Source: BTimes 10 June 2010
(With editing by the logger)

$$$$$ Malaysia has earmarked plans to develop the Malaysian Rubber Board’s land in Sungai Buloh at an estimated cost of RM10 billion.The land covers an area of 3,300 acres, he said in his speech.

$$$$$ Malaysia has identified 52 high-impact projects worth RM63 billion to implement. They include seven highway projects at an estimated cost of RM19 billion.

(Blogger's note: Highway projects, umm... let's see:
1.WCE 600m
2. AMPAC 1000m
3. GUNDEX 900m
4. KLORR 34km 1200
5. LPT2 3700m
6. WCE South 320km
7.PORR 200m
Total : 7.9 billion. Still got another 11 billion.
?Pekan-JB in ECER, 450kmx25/km=10billion?)
The government also plans two coal electricity generation plants at a cost of RM7 billion.
(Blogger's note: One in Manjung?)


$$$$$ East Coast Expressway from Kuantan to Kuala Terengganu to be completed in the plan period at a total cost of RM3.7 billion and to be linked to the Kuantan Port which will be upgraded.

$$$$$ The electrified double track rail project from Gemas to Johor Baharu, estimated to cost RM8 billion, will be implemented to complete the electrified double track rail project from Padang Besar in the north to Johor Baharu in the south

$$$$$ A sewerage treatment plant using green technology to be constructed in Lembah Pantai, Kuala Lumpur, similar plants throughout the country to follow.

$$$$$ Implementation of the high capacity Mass Rapid Transit system in Kuala Lumpur, covering a radius of 20km from the city centre with a total length of about 150km, will be able to serve up to two million passenger trips per day from 480,000 trips on current urban rail systems.

$$$$$ Construction of eight hospitals, including specialist hospitals, 197 clinics and 50 additional 1Malaysia clinics which are expected to be ready in the first half of the 10MP.

$$$$$ Construction of 78,000 affordable houses under the 10MP.

Highlights of the 10th Malaysia Plan

Source: BTimes 10 June 2010
With additions by Blogger

Following are the highlights of Prime Minister Datuk Seri Najib Tun Razak's speech when tabling the Tenth Malaysia Plan (10MP) at the Dewan Rakyat today:

$ Theme: Towards Economic Prosperity and Social Justice

$ The 10MP (2011-2015) is critical for the continuation of the national agenda to realise Vision 2020

$ RM20 billion facilitation fund (FF)to be set up for public private projects.

$ Electricity sector will be made more competitive, subsidies to be removed gradually.

$$$$$ Malaysia has earmarked plans to develop the Malaysian Rubber Board’s land in Sungai Buloh at an estimated cost of RM10 billion.The land covers an area of 3,300 acres, he said in his speech.

$ Petroliam Nasional Bhd, Malaysia’s state oil company, plans to build a RM3 billion liquefied natural gas regasification plant in Melaka, south of Kuala Lumpur.

Construction-friendly
$$$$$$ Malaysia has identified 52 high-impact projects worth RM63 billion to implement. They include seven highway projects at an estimated cost of RM19 billion. The government also plans two coal electricity generation plants at a cost of RM7 billion.

(Blogger's note: Highway projects, umm... let's see:
1.WCE 600m
2. AMPAC 1000m
3. GUNDEX 900m
4. KLORR 34km 1200
5. LPT2 3700m
6. WCE South 320km
7.PORR 200m
Total : 7.9 billion. Still got another 11 billion. ?Pekan-JB in ECER, 450kmx25/km=10billion?)

$ 10MP targets the gross national income per capita to increase to RM38,850 (US$12,140) in 2015; requires the GDP to grow at 6 per cent per annum.

$ Growth will be led by the services and manufacturing sectors, revitalising the agricultural sector towards higher value added as well as the adoption of ICT, biotechnology and other relevant technologies.

$ The key challenge is to stimulate private sector investments to grow at 12.8 per cent or RM115 billion per annum.

$ Government committed to reducing the fiscal deficit from 5.3 per cent of the GDP in 2010 to less than 3 per cent per annum in 2015.

$ 10MP: 10 main premises
Uno : Internally driven, externally aware
Dos : Leveraging on our diversity internationally
Tres : Transforming to a high-income nation through specialisation
Cuatro : Unleashing productivity-led growth and innovation
Cinco: Nurturing, attracting and retaining top talent
Sies : Ensuring equality of opportunities and safeguarding the vulnerable
Seventh: Concentrated growth, inclusive development
Eighth : Supporting effective and smart partnerships
Ninth : Valuing our environmental endowments
Tenth : Government as a competitive corporation

$ 10MP-Five Strategic Thrusts (Cinco ejes estrat├ęgicos)
Primero: Designing government philosophy and approach to transform Malaysia using NKRA methodology
Secundo: Creating a conducive environment for unleashing economic growth
Tercera: Moving towards inclusive socio-economic development
Cuatro: Developing and retaining a first-world talent base and
Cuinto: Building an environment that enhances quality of life

$ 10MP allocation for non-physical infrastructure to be increased to 40 per cent compared with 21.8 per cent under the 9MP, focus to be given to skills development programmes, R&D activities and venture capital funding.

$ A world-class civil service college will be established to raise the competency of civil servants (muaaaaaaaahhhhhhhhh).

$ Focus on 12 national key economic areas of NKEAs to be announced in October
(i) Oil and gas
(ii) Palm oil and related products
(iii) Financial services
(iv) Wholesale and retail
(v) Tourism
(vi) Information and communication technology (ICT)
(vii) Education services
(viii) Electric and electronic
(ix) Business services
(x) Private healthcare
(xi) Agriculture
(xii) Greater Kuala Lumpur

Economy and Business
$ A special unit, the Economic Transformation Unit, will be established to plan and coordinate the implementation and development of the NKEAs.

$ A Competition Commission and Appeal Tribunal will be established to ensure more orderly and effective implementation of the law.

$ The government will continue to strive to place Malaysia among the top five most competitive countries in the world.

$ A Facilitation Fund (FF) of RM20 billion will be provided to help the private sector to finance public-private partnership projects.

$ Through the Facilitation Fund, the government expects to attract private sector investments worth at least RM200 billion. Among the projects that are being considered are land reclamation in Westport in Port Klang, Malaysia Truly Asia Centre in Kuala Lumpur and Senai High Technology Park in Iskandar Malaysia, Johor.

$ A special unit under the Prime Minister''s Department will be set up to set the direction and drive the National Innovation System and innovation policies and strategies.

$ Government financing for public venture capital companies will be in the form of equity and not loans.

$ A Mudharabah Innovation Fund (MIF)with an allocation of RM500 million will be introduced to provide risk capital to government venture capital companies.

$ A Business Growth Fund with an initial allocation of RM150 million will be set up to bridge the financing gap between the early stage of commercialisation and venture capital financing for high tech products.

$ The bankruptcy laws will be simplified to support a risk-taking culture, eliminate the stigma of failure and allow high calibre and credible entrepreneurs who fail to become active again.


Infrastructure
$ High speed broadband project to cover major towns, priority economic growth areas and industrial areas, broadband coverage for suburban and rural areas broadband service for the rural population through wireless infrastructure offering a variety of affodable packages

$$$$$ East Coast Expressway from Kuantan to Kuala Terengganu to be completed in the plan period at a total cost of RM3.7 billion and to be linked to the Kuantan Port which will be upgraded.

$$$$$ The electrified double track rail project from Gemas to Johor baharu, estimated to cost RM8 billion, will be implemented to complete the electrified double track rail project from Padang Besar in the north to Johor Baharu in the south

$$$$$ A sewerage treatment plant using green technology to be constructed in Lembah Pantai, Kuala Lumpur, similar plants throughout the country to follow.

Social security
$ Focus on raising the income and quality of life of the bottom 40 per cent household income group where the Bumiputera form the largest number, that is 73 per cent of the 2.4 million households in the group.

$ Subsidy rationalisation in stages, the lower income group and those who are most vulnerable will continue to be given assistance.

$ Implementation of various economic programmes and provision of basic amenities to those living in the interior, especially those who live in long houses in Sabah and Sarawak, as well as the Orang Asli and estate workers in Peninsular Malaysia.

$ A RM109 million allocation to provide water supply to 182 estates with up to 1,000 acres in size and located less than five kilometres from the water mains.

$ AIM and TEKUN micro-credit facilities will be provided to address urban poverty and the loan scheme will be packaged together with entrepreneurship training.

$ A fund of RM100 million to be provided to provide soft loans for 280,000 households in Chinese new villages to pay their land premiums and renewals of leasehold through Bank Simpanan Nasional.



Education
>> The proportion of graduate teachers in primary schools will be increased from 28 to 60 per cent to improve the quality of students.

>> The performance of students in critical subjects , particularly, the National Language, English, Science and Mathematics, will also be improved by increasing the number of graduate teachers.

>> The qualification requirement for appointment of preschool teachers will be raised to a diploma and bachelor''s degree.

>> Candidates with Unified Examination Certificate (UEC) and Sijil Pelajaran Malaysia (SPM) will be considered for enrolment into the Chinese language programme in Institutes of Teacher Education to meet the demand for quality Mandarin language teachers in Chinese national schools and national schools.

>> The same consideration will also be given to those who have Sijil Menengah Agama and Sijil Tinggi Agama and SPM to become teachers in J-Qaf and Islamic education programme.

>> The number of high-performing schools will be increased to 100 by the end of 2012 and they will include primary, secondary, day and residential schools.

>> A Trust School framework will be introduced to enable public-private partnership in the management of selected government schools and they will be provided with greater autonomy.

>> RM280 million will be allocated to government-aided schools for 2011 and 2012. Each category of government-aided school, namely Chinese schools, Tamil schools, religious schools and mission schools, will receive an allocation of RM70 million for the first two years of the 10MP.

>> The government will provide assistance to pat electricity and water bills of up to RM2,000 per month for each of the almost 1,900 government-aided schools.

>> Financial allocation for universities will depend on the achievement of their KPI targets and the government will grant gradual autonomy to the universities to improve their performance.

>> The quality of academic staff will be improved by increasing the number of PhDs with a target of 75 per cent in research universities and 60 per cent in other public universities.

>> The MyBrain15 programme will be intensified to finance doctoral studies for the purpose of increasing the number of PhD holders to 18,000 by 2015.

>> Salary packages will be reviewed to attract foreign lecturers and retired academic staff.

>> Universiti Teknologi Malaysia (UTM) has been declared a research university, after Universiti Malaya, Universiti Kebangsaan Malaysia, Universiti Putra Malaysia and Universiti Sains Malaysia.

Transportation
$$$$$ Implementation of the high capacity Mass Rapid Transit system in Kuala Lumpur, covering a radius of 20km from the city centre with a total length of about 150km, will be able to serve up to two million passenger trips per day from 480,000 trips on current urban rail systems.

$ Increase the percentage of public transport usage in Greater KL from 12 per cent in 2009 to 30 per cent in 2015.

$ Public land transport system will be expanded to other cities with the introduction of the Bus Rapid Transit system in Iskandar, Johor, while the number of public buses in Penang will be increased by 200 buses to enable the expansion of 26 routes with an added capacity of 75,000 passengers per day.

Health and Social
$$$$$ Construction of eight hospitals, including specialist hospitals, 197 clinics and 50 additional 1Malaysia clinics which are expected to be ready in the first half of the 10MP.

$$$$$ Construction of 78,000 affordable houses under the 10MP.

$ A fund of RM500 million for repair and maintenance works of public and private low-cost housing based on a matching grant basis where half of the contribution will be borne by the government and the other half by the management committee or residents' association. -

Agencies

Read more:
Highlights of the 10th Malaysia Plan http://www.btimes.com.my/articles/20100610122533/Article/#ixzz0qVPUcL5o

Wednesday, June 2, 2010

Dams for power

2 June 2010

Ulu Jelai 372 MW - Negotiations between TNB and a Pahang based company is almost finalised. Detials have been sent to MOF for approval.

Hulu Terengganu (Kenyir) 212MW - Civil portion awarded to Sino Hydro - Loh & Loh Consortium, E&M portion to Alstorm.

Cost of construction is about between RM3million to RM4 million per megawatt.

On 13/10/2008, BTImes reported:
The utility will use internal funds to pay for the two hydro-electric plants in Pahang and Terengganu, but it welcomes proposals from bidders to arrange fundingTENAGA Nasional Bhd (TNB) will go ahead with its plan to build two new hydro-electric plants in Pahang and Terengganu despite poor response to a tender.

The national utility called for bids to build the 212-megawatt (MW) plant in Hulu Terengganu but large players in the industry like Japan's Mitsubishi and Sumitomo, France's Alstom and Germany's Siemens, decided not to bid for the job."Yes, we're going ahead," TNB chief executive officer Datuk Che Khalib Mohamad Noh told Business Times.An industry source said the project would probably cost a third more than expected due to the rising cost of materials like steel. This means that one plant could cost up to RM2 billion."We have not reached that level yet," Che Khalib said when asked about the cost.TNB had said that it will use internal funds to pay for the two plants.

The utility had also welcomed proposals from bidders to arrange funding for the project.The Hulu Terengganu project is located north of the Kenyir Dam in Kuala Berang. Its detailed environmental assessment report is being reviewed currently.As for the 372 MW Ulu Jelai hydro-electric plant in Pahang, TNB is negotiating directly with a privately-held company to build it. Both plants are due to start operations after 2012.

About Me

A seeker of success (whatever that means) treading on a path, searching, to return to the wholesomeness that was him when he was launched into this big school called Earth.