Invest
Pakistan plans special economic zone for Malaysian firms
22 October 2009, By Balan Moses, Business Times
MALAYSIAN investors will soon be a step closer to establishing a "home away from home" in the Sindh province of Pakistan where they can operate on special terms that meet their needs.
They are expected to be frontrunners after the Japanese in terms of international trade profile in Pakistan where an exclusive economic zone (EEZ) is being planned for them.
The province, home to a variety of small and heavy industries, has allocated land for the project which is expected to fast-track trade ties to new heights.
Pakistan High Commissioner to Malaysia, Lt Gen (R) Tahir Mahmud Qazi said Pakistan Investment Ministry joint secretary Tariq Puri would be in Kuala Lumpur on a three-day visit from November 11 to discuss details of the proposed project.
KFH Asian real estate achieves 40 pct, local investors to receive 6 pct
16 September 2009, By Zawya
Kuwait Finance House (KFH) successful policy affiliated with its Asian real estate fund was crowned by a profit of 40 percent over the past three years, while investors of local real estate portfolio are to receive quarterly profit of 6 percent by the end of September, KFH said on Monday The policy which focuses on assets which high returns based on thorough risk studies led to this success, said the VIP Financial Service Department Manager at KFH Talal Al-Nisf.
The annual distribution of six percent of the profit would be distributed after the portfolio is liquidized, he added.
Federal govt to partly fund Senai Hi-Tech Park
16 September 2009, By Business Times
The federal government has agreed to partly finance the infrastructure for the 404.69ha Senai Hi-Tech Park.
International Trade and Industry Minister Datuk Mustapa Mohamed said the Johor government, through the State Economic Planning Unit (EPU), had applied for a grant amounting to RM300 million from the total cost of RM515 million.
"The federal government has agreed in principle to finance part of the infrastructure cost and we will meet the state and federal EPUs to discuss the matter soon."
He told reporters this after chairing the Joint Industrial Coordination Committee Meeting with the Johor government in Johor Baru yesterday.
MAS kargo starts KL-Narita service via Johor Baru
14 September 2009, By Business Times
MALAYSIA Airlines Cargo Sdn Bhd (MASkargo), the cargo arm of Malaysia Airlines, has started a weekly two-way freighter flight from Kuala Lumpur to Narita, Japan, via Johor Baru as part of its efforts to explore new areas of business.
MASkargo will fly the B747-400F from Kuala Lumpur every Saturday and from Narita every Sunday.
Among the cargo to be transported are electronic equipment and gadgets, garments as well as perishable items such as flowers and tuna fish.
In a statement issued last week, MASkargo managing director Shahari Sulaiman said the new service out of Johor will help strengthen its position as one of Asia's best air cargo carrier.
