Benefits of Sarawak master plan wide

PETALING JAYA: The development master plan for Sarawak is expected to benefit not only Sarawak Energy Bhd but also several companies already established there and those originating from the Land of the Hornbills. The Sarawak Corridor of Renewable Energy (Score), which was launched on Monday, would be a major boost for companies such as Cahya Mata Sarawak Bhd (CMS), TRC Synergy Bhd, Hock Seng Lee Bhd, Naim Cendera Holdings Bhd, WCT Engineering Bhd and Loh & Loh Corp Bhd. "We are looking to participate in other developments in and around the Similajau area" - DATUK RICHARD CURTISAseambankers said in a research note yesterday that UBG Bhd and Putrajaya Perdana Bhd might also play significant roles following the proposed change in the core business direction for UBG and ownership of the latter. Read More

(The Star 13-2-2008)

Malaysia launches billion$ Sarawak development plan

MALAYSIAN Prime Minister Datuk Seri Abdullah Ahmad Badawi has launched a development project worth nearly US$100 billion to fuel growth in resource-rich Sarawak.Abdullah said the government would spend an initial RM5 billion (US$1.54 billion) to kickstart the Sarawak Corridor of Renewable Energy, with private investment targeted at RM300 billion (US$93 billion).The Sarawak plan — the last of five regional economic blueprints being rolled out — focuses on developing the state’s energy resources of hydropower, coal, natural gas and petroleum.“The development, distribution and consumption of energy is a core element leading to the success of the Sarawak Corridor,” Abdullah said at the launch.The premier said the project aims to bring economic growth and eradicate poverty in the predominantly rural state by 2030, by creating some 800,000 jobs and luring billons in private investment.“It’s not going to be less than RM300 billion (ringgit). It’s a huge amount but it involves large developments in various fields ... in Sarawak, which is a very large (state),” he said. Read More

(New Straits Times 12-2-2008)

4th HSL store in Sarawak

KUCHING: Hock Sin Leong Group Bhd recently opened its third HSL outlet here in line with its expansion plans into east Malaysia. Located at The Spring shopping mall, the outlet under the Circuit City brand is HSL’s fourth and largest in Sarawak to date. Group chairman Lee Keok Hooi said investment for the new outlet amounted to RM3mil. HSL opened its first Sarawak store at Queen’s Court here three years ago and also has outlets in Satok here and in Miri.

(31-1-2008 The Star)