KUALA LUMPUR: In building a more dynamic local retail market that will contribute RM165 billion annually to Gross National Income (GNI) by 2020, companies in Malaysia need to modernise and innovate by  applying international retail best practices.

This will further drive retail spending with the wholesale and retail sector being a major contributor to the GNI.

KUALA LUMPUR: Development Finance Institutions (DFIs), formed to provide provide funding for those sectors normally not assisted by other financial institutions, have a potential role to play in funding the country's infrastructure development, says Minister in the Prime Minister's Department,Tan Sri Nor Mohamed Yakcop.

KUALA LUMPUR: The aspiration for Greater Kuala Lumpur/Klang Valley (Greater KL/KV) is to drive rapid growth parallel with upgrading the city's liveability, according to the Economic Transformation Programme (ETP)'s A Roadmap for Malaysia.

For this National Key Economic Area (NKEA), the Greater KL/KV extends beyond the boundaries of Kuala Lumpur.

Hunza Properties

We recently met Parkson Holdings Bhd (Parkson) management to get the latest update on the company. Below is the information we gathered from the meeting:

Strong SSS growth recorded
. Parkson recorded a strong SSS (same store sales) growth in FY06/10 with +11% recorded in Malaysia, +26.9% Vietnam, and 11.3% China.

HONG KONG: Chinese property developer CJ Land Holdings is set to raise up to US$619 million (RM1.92 billion) in an initial public offering (IPO) in Hong Kong, according to a term sheet obtained by Reuters on Monday, Oct 25.

HONG KONG: For most people in Hong Kong, a flat means a nest egg, refuge, family home — and usually all these things rolled into one.

But for many wealthy mainlanders who have splashed out on some of the city's priciest apartments, they mean something quite different.

Cities only grow or die, they don’t stand still,” said New South Wales premier Kristina Keneally at the recent Forbes Global CEO Conference 2010 in Sydney.
These words continue to resonate with Bukit Kiara Properties Sdn Bhd’s managing director N K Tong, who was at the conference.

In late 1997, when Puncakdana Sdn Bhd first moved into its sales office, built on a 43-acre tract it owns on the western side of Jalan Lapangan Terbang Subang in Petaling Jaya, its only neighbour was the Putra LRT depot.
“It was so quiet. Everyday, we would see only two or three cars passing by,” recalls Mah Siew Sian, managing director of Puncakdana.

Bangsar South in Kuala Lumpur, formerly known as Kampung Kerinchi, will soon see the development of the only serviced apartments in the township. The developer, UOA Holdings Sdn Bhd, is planning to bring in a serviced residence operator to manage half of the units while the remaining units will be sold.