Biocon has signed a memorandum of understanding with Malaysia's Biotechnology Corporation (BiotechCorp) to explore collaboration and potential investment in Malaysia's biotechnology industry. Biocon is in talks with Biotech Corp to manufacture biopharmaceutical products and formulations within Malaysia's Nusajaya, Iskandar Malaysia in the biotech park called the Bio-XCell Ecosystem.
MMC Corporation Bhd hopes the government will decide soon on expanding the country's electricity generation capacity and invite all independent power producers (IPPs) to submit a competitive bid.
Referring to recent reports, MMC Chief Executive Officer and Group Managing Director Datuk Hasni Harun said power to be generated by the Bakun hydroelectric station in Sarawak would not come to Peninsular Malaysia as planned.
"With power from Bakun not available for the peninsula, there is a risk that by 2015, the reserve margin will decline below the 20-per cent threshold.
MMC Corp Bhd intends to expand the capacity of the Tanjung Bin power plant owned by its subsidiary Malakoff Corp Bhd to cater for the future growth in power demand.
The group's CEO Datuk Hasni Harun revealed that MMC was likely to propose to the government its plan to add 800 megawatt (MW) of generating capacity to the coal-fired 2,100MW power plant considering the power supply from Bakun would not be forthcoming.
Malakoff, the energy division of MMC, is likely to take the lead in the expansion of the power plant. Financing for the expansion through the bond markets is an option if the concession terms were favourable, he added.
Infrastructure and energy group MMC Corp Bhd is keen to spend as much as US$1.2 billion (RM3.9 billion) to expand its 2,100-megawatt (MW) Tanjung Bin Power Plant by another 800MW if the government is agreeable.
Peninsular Malaysia may not be able to meet the increasing demand for power by 2015 and the country's electricity reserve margin could fall below the 20 per cent threshold if there are no efforts made to boost production capacity.
Future power supply in the peninsula is at risk after it was confirmed that electricity from the Bakun hydroelectric dam in Sarawak would only be used to meet the state's power needs.
MMC has yet to submit any proposal to the government.
Johor Bahru: Program Bio Johor yang akan berlangsung dari 6-8 Julai depan bakal menjadi platform kepada pelbagai golongan untuk berkongsi idea dan pendapat dalam meningkatkan lagi industri bioteknologi dan biodiversity negara.
Menteri Besar, Datuk Adul Ghani Othman berkata penyelidik, pemaju korporat, usahawan dan pelajar boleh menggunakan persidangan dan pameran sempena program berkenaan untuk berkongsi penemuan mereka bagi memajukan lagi dua bidang berkenaan.
“Perdana Menteri mengatakan ia adalah satu bidang yang akan dimajukan dalam Rancangan Malaysia ke-10 (RMK-10) dan seterusnya, kerana itu kita wujudkan platform ini untuk menyemarakkan suasana pembangunannya,” kata Abdul Ghani ketika sidang media program berkenaan di sini.
The proposed Asean Infrastructure Fund, to be set up by the Association of South East Asian Nations (Asean), through the Manila-based Asian Development Bank (ADB), will focus on financing infrastructure development in member countries, says Malaysian Second Finance Minister Ahmad Husni Hanadzlah.
Asean Finance Ministers had discussed the estbalishment of the fund at their meeting in Nhatrang, Vietnam, last week, in the lead-up to the 16th Asean Summit of heads of state and government in Hanoi last Thursday and Friday.
Asean Finance Ministers who met in Nhatrang, Vietnam last week, discussed the establishment of the Asean Infrastructure Fund through the Manila-based Asian Development Bank (ADB).
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the fund, would focus on financing infrastructural development in member countries.
He said, if implemented quickly, the fund would benefit Asean members by providing opportunities for entrepreneurs involved in infrastructure development, apart from investors who can secure bonds provided by the ADB.
Ireka Corporation Bhd's wholly-owned subsidiary, Ireka Engineering & Construction Sdn Bhd, has accepted the Letter of Acceptance (LOA) of tender from the Iskandar Regional Development Authority (IRDA) for appointment as contractor for the proposed RM36.237 million Bandar Indahpura, Kulai-Second Link Expressway Interchange.
The interchange is part of the Ninth Malaysia Plan (9MP) projects in Iskandar Malaysia.
"The contract period shall be 18 months from the date of handover of site, and completion is expected to be in October 2011," Ireka Corporation said in an announcement to Bursa Malaysia on Thursday.
Iskandar Malaysia is the main southern development corridor in Johor. The project is administered by IRDA.
The construction of six buildings expected to house more than 50 federal departments and agencies in Kota Iskandar here will commence next year.
Johor Mentri Besar Datuk Abdul Ghani Othman said the buildings which cost RM1bil would be built in the northern part of Kota Iskandar, the new state administrative centre.
“The project is expected to be completed in two to three years. It is part of the Government’s expenditure under the 10th Malaysia Plan,” he told reporters after launching a coffee table book entitled Johor In the 21st Century: The Making of Kota Iskandar here recently.
Abdul Ghani said the book delved into events behind the development of Kota Iskandar.
Sindora Bhd will invest RM36mil in a bio-fertiliser plant that will mainly supply to its 60,000ha oil palm estates and those belonging to parent company Kulim (M) Bhd in Johor.
Sindora chairman Tan Sri Muhammad Ali Hashim said construction work on the plant on a 4.04ha site in Bandar Tenggara, Kulai, would start soon with expected completion by mid-2011.
“Initially, it will produce 80 tonnes of bio-fertilisers daily and has a daily maximum capacity of 120 tonnes,’’ he said at a share purchase agreement signing between Sindora and Microwell Sdn Bhd.
Sindora has agreed to acquire 3.8 million redeemable convertible cumulative preference shares (RCCPS) in Microwell for RM4.5mil cash.