Showing posts with label 1Malaysia Development Bhd. Show all posts
Showing posts with label 1Malaysia Development Bhd. Show all posts

Thursday, 2 May 2013

Najib promises 9,999 homes in three DAP strongholds

Najib promises 9,999 homes in three DAP strongholds
Caretaker Prime Minister Najib Razak promised to build 9,999 low-medium cost, and affordable homes for Penangites in three locations in the island.

Najib said through the 1Malaysia Development Berhad, he had signed agreements for Air Putih, Ayer Itam and Paya Terubong to each get 2,222 low-medium cost homes and 1,111 affordable homes.

The three constituencies are DAP strongholds.

NONEIndeed DAP secretary-general Lim Guan Eng (left) is the incumbent for the Air Putih state seat.

About 10,000 people, all clad in blue 1Malaysia BN T-shirts greeted Najib at Rifle Range tonight, reinforcing the BN's belief that support, which they lost in 2008, has returned to the coalition.

They were treated to a long buffet line, and a star-studded concert with performances by the Alleycats, M Nasir, Jacqueline Victor and several others. 

A long line of buses, which contributed to the massive jam on the road, ferried most of the participants to the venue.

Other than BN leaders like state BN chief Teng Chang Yeow and state Umno head Zainal Abidin Osman, well-connected wealthy businessman Low Taek Jho was also present at the event.

Najib arrived at 9.45pm with his wife Rosmah Mansor and his entourage of BN leaders.

"Hebat! Hebat (great, great)! This is the most exciting rally. I see thousands of Penangites wearing the blue shirts. What does it mean? What does it mean? BN!

"I am here to assure Penangites that when the government makes a promise, it will be fulfilled," he added.

Houses and a tunnel 

Najib then recycled his promise of affordable homes for the people.

He asked: "Between houses and a tunnel, which do you choose?".

The people screamed "homes", and Najib said if BN won they would abolish the tunnel project.

"Why do it in a hurry and in a non-transparent manner?" He asked.

Saturday, 16 March 2013

RM3bil reclamation deal off Johor


The quiet town of Tanjung Piai where fishing is a main activity.
The quiet town of Tanjung Piai where fishing is a main activity.
The quiet town of Tanjung Piai where fishing is a main activity.
 
OVER the week, Benalec Holdings Bhd has secured a major offtaker (a party taking up the offer) for 404.7ha of reclaimable land off Tanjung Piai, at the southern tip of Johor. Sources have estimated the value of the off-taking contract at RM2.5bil to RM3bil.

In an announcement to Bursa Malaysia, Benalec said its 70%-owned unit, Spektrum Kukuh Sdn Bhd (SKSB), had entered into a binding term sheet with the State Secretary, Johor (Inc) and 1MY Strategic Oil Terminal Sdn Bhd “to undertake the reclamation works and sale of about 404.7ha off the coast of Tanjung Piai for the purpose of constructing and operating a crude oil and petroleum storage facility together with a private jetty”.

1MY is a vehicle formed to construct, commission, operate and maintain an oil and petroleum storage facility at Tanjung Piai. A formal sales and purchase agreement (SPA) is to be executed within three months of the term sheet subject to finalisation of all the details.