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Pride of Penang to be completed in 2013

THE 24km-long second Penang bridge is 54% completed and it is on track to be completed by Nov, 2013, said former Prime Minister Tun Abdullah Ahmad Badawi.

He said this assurance was given by the host of contractors involved in constructing the super structure linking Batu Maung on the island to Batu Kawan in Seberang Prai.

Abdullah also said that the project would also incorporate a uniquely designed technology known as High Damping Rubber Bearing (HDRB).

The RM4.5bil project is the first to use the HDRB technology which is designed to withstand the effects of earthquakes.

Super structure: Abdullah on a boat passing under the half-completed second Bridge at Batu Maung on the island

“HDRB is an innovative tool to protect not only the structure but also the materials and contents inside the structure,” Abdullah said.

“This feature is useful for critical structures as it can stand the test of time.

“I an also proud that the HRDB is designed by a Malaysian and like all Penangites, I am eagerly awaiting the completion of the bridge.

Project on track: Part of the ongoing construction work at the second Penang bridge linking Batu Maung on Penang Island to Batu Kawan in Seberang Perai

“The bridge will definitely be breathtaking,” he said.

He was speaking after attending a briefing session on the bridge’s progress work at the China Harbour Engineering Co Ltd (CHEC) (M) Sdn Bhd office in Batu Maung yes-terday.

Present was Jambatan Kedua Sdn Bhd managing director Datuk Dr Ismail Mohamed Taib.

Abdullah also expressed satisfaction with the progress of the construction which comprised five packages. including the RM2.2bil substructure by China-based CHEC and the RM1.5bil superstructure by Malaysia’s own UEM Builders Bhd.

The three main contractors for overland connections are Cergas Murni Sdn Bhd (for the RM67mil Batu Maung link), IJM Corp Bhd (RM350mil Batu Kawan link) and HRA Teguh Sdn Bhd (RM152mil link to North-South Highway).

The bridge is set to be the longest in South-East Asia.

by The Star

Middle class home

PETALING JAYA: Middle class Malaysians who are aspiring to buy a home will soon be able to do so once a new Government-led initiative to build apartments costing less than RM300,000 in major cities is launched this year, Housing and Local Government Minister Datuk Chor Chee Heung said.

The affordable housing scheme, which is an addition to the My First Home Scheme for units costing between RM100,000 and RM220,000, will see stratified units priced between RM220,000 and RM300,000 being built for those with a household income of less than RM6,000 a month and who do not yet own a house.

“The Government will do whatever it can to ensure the lower income group will have a house and the medium income group will have a chance to buy a property of their own,” he said in an interview with The Star.

Chor said the plan was for units to be between 850 sq ft and 1,000 sq ft and each apartment would have a minimum of three rooms.

The ceiling price of RM300,000 will be for units built in Kuala Lumpur, Penang and Johor Baru and the price will be lower in other parts of the country.

By The Star

What To Do With RM10,000 Nowadays?

I have been wondering what you can do with RM10,000 nowadays? Or if this RM10,000 is a windfall, what are you going to do?

For me, I have used my own savings to startup a business which is not easy as what others think. Before you start a business you must always have a definite goal. I have tried to keep on asking myself:

i. What is your plan, can it work?
ii. What type of business you want to venture into?
iii. Where, when, why, and how to start your business?
iv. Do you have any experience in this business?
v. How much return you want to generate from your business?
vi. Can your business operate for long term?
vii. How long would it take to earn back your startup capital?

Recently, I have started a web business and employ some full-time salesmen to work for it. However, I do not expect that it will generate fast return within short period. According to my current strategy, I will need 1-3 months to gain some market feedback. From there, I will know whether my business strategy is workable or not. Meanwhile, my partner and I will try to come out solutions to change into something that customers actually want, rather than our own interpretation of what they need.


In terms of the idea, the key to our web solutions is to automate their business or to simplify complicated task for business owner. This is because they can make very low cost startup business. They don’t need much inventory, or even full time staff to take care of their physical store. They can run the business themselves anytime at anywhere.

Besides that, we have prepare the backup fund to cover the shortage of expenses. This backup buffer fund would be very crucial for a person who is running the business due to expected slowdown in the economy. We need to have at least 6-12 months ready fund and this money should be kept in a savings or fixed deposit account to ensure maximum safety of the buffer.

Tasweek to woo Middle East buyers for The Haven in Ipoh

IPOH: Come September, The Haven Lakeside Residences in Tambun will be showcased internationally by Tasweek Real Estate Development and Marketing at the world’s largest property expo Global Cityscape in Dubai.

Tasweek Real Estate’s impressive portfolio includes marketing of the Burj Khalifa, the world’s tallest building in the world, and has set a record for pricing and sales of over 30,000 units including selling 1,300 units in one day during a property product launch.

Tasweek’s chief executive officer, Masood Al Awar is all excited to introduce this unique value-for-money eco-development to its wealthy clientele in the Middle East.

“We actively seek out first-mover advantage. The Haven in Ipoh is the right product in the right place at the right time. Our objective is to create wealth for our clientele.

“Seeing is believing and that’s the reason why I have insisted my chairman come for this visit,” he said.

Masood accompanied Tasweek’s Chairman, Mohamed Khalifa Ahmed M. Alfahed Almenhairi on a two-day visit to The Haven’s project site last week.

They were briefed by Superboom managing director Peter Chan on his company’s third project.

Chan said property prices at The Haven, a luxury eco-resort, were “a steal” as compared with properties in other states in Malaysia and this was part of the reasons why the project was selling well and attracting keen interest locally and internationally.

“This is the first time a project in Ipoh is on investors’ radar both locally and internationally,” he said, adding that Tasweek’s collaboration with Superboom is a strong endorsement of The Haven.

Chan said his company has started marketing the 165 units in Tower 3 where earthwork has just been completed.

He said construction work on Tower 1 is already up to the 10th floor while piling has started in Tower 2.

The alliance deal came in the wake of the appointment of Best Western International Inc, one of the world's largest hotel chains, to manage, market and lease The Haven’s condominium units internationally.Set for completion in 2013, The Haven Lakeside Residences will see its three 26-storey towers with 165 units each becoming the tallest buildings in Perak.

Reputable contractors such as China's Beijing Construction & Engineering and Bina Puri Holdings Bhd have been awarded a RM109 million contract to construct the buildings.

Superboom Projects Sdn Bhd has completed two other projects; the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam, Selangor.

By Business Times