Archive for November, 2007

CMP embarks on RM2.7b project in IDR

By ZAZALI MUSA
zaza@thestar.com.my
JOHOR BARU: Central Malaysian Properties Sdn Bhd (CMP) will develop Lido Boulevard, a RM2.7bil integrated waterfront city, in the Iskandar Development Region (IDR). 
Managing director Datuk Chan Tien Ghee said work on the project, located on a 49.37ha beachfront site, would start in March and was expected to be completed by 2016.
The project, to […]

Big upgrade on Komtar

By ZAZALI MUSA
JOHOR BARU: Johor Corp (JCorp) is allocating RM55mil to upgrade the retail area of Komtar, one of the earliest commercial buildings in the central business district, in a move to attract more shoppers back to the 29-year-old building.
A well-known shopping centre in the 1980s and early 90s, Komtar started losing its shine with […]

TNB to supply power to Johor growth region

By TEH ENG HOCK
JOHOR BARU: Tenaga Nasional Bhd signed a memorandum of understanding to become the official provider of electricity supply to the Iskandar Development Region.
Under the project, TNB will be involved in the development, construction, installation of all electrical infrastructures within the IDR.
The utility company will work with Iskandar Regional Development Authority (Irda) to […]

Ghani wants IDR to have top-notch broadband facilities

JOHOR BARU: The Iskandar Development Region (IDR) will have one of the best broadband facilities in the country to pave the way for high quality information and communication technology (ICT) services.
Mentri Besar Datuk Abdul Ghani Othman said the facilities would be put in place by Telekom Malaysia and Time dotCom Bhd.
“The efforts will start with […]

IDR not exempted from foreign workers ratio

By FARIK ZOLKEPLI
JOHOR BARU: The Iskandar Development Region (IDR) will not be exempted from the foreign workers ratio, said Deputy Human Resources Minister Datuk Abdul Rahman Bakar.
He said businesses nationwide, including those in IDR, must control their intake of foreign workers and give priority to local workers.
“IDR is expected to need about 100,000 workers but […]

US-Malaysia Business Council to give input on IDR

KUALA LUMPUR: The US-Malaysia Business Council members have indicated they are ready to give their input as well as engage in dialogues on the Iskandar Development Region to enhance the attractiveness of the south Johor development project internationally.
Council chairman Joseph Alhadeff said the project was worth “close monitoring” as it had lined up several positive […]

Johor gets RM7b in investments this year

By FARIK ZOLKEPLI
JOHOR BARU: Johor generated the second highest investments in the country after receiving 125 projects worth more than RM7bil this year.
Johor Mentri Besar Datuk Abdul Ghani Othman said about 80% of which were foreign investments.
“The projects were accumulated between Jan and Aug this year.
“We came in second after Kedah, which generated RM11.8bil of […]

Johor gets record number of tourist arrivals

BY FARIK ZOLKEPLI
farik@thestar.com.my
JOHOR BARU: Johor received a record 15.5 million tourists between January and August, and State Tourism and Environment Committee chairman Freddie Long expects the figure to go even higher.
The number of arrivals represented a 19.9% rise from the 12.9 million visitors for the same corresponding period last year. 
“I am confident more will visit […]

Local investors keen on projects

JOHOR BARU: It is premature to say that local companies are not interested in investing in the economic corridors launched by the Government, said Entrepreneur and Cooperative Development Minister Datuk Seri Khaled Nordin.
He said big projects such as the Iskandar Development Region (IDR) needed time to develop to enable participation from local investors.
“I believe local […]

KFH in talks with foreigners to develop land in Bandar Nusajaya

By ZAZALI MUSA
JOHOR BARU: Kuwait Finance House (M) Bhd (KFH) is in discussions with several foreign investors to jointly develop its land in Bandar Nusajaya near here.
Managing director Datuk Salman Younis said the investors were from Australia, China, Indonesia, Singapore and the Middle East.
He said the 624 acres worth US$300mil were located near the Johor […]