Bountiful fish harvest seen from Lake Kenyir project

TERENGGANU Agrotech Development Corp Sdn Bhd (TADC) expects fish production at its Lake Kenyir project to surge tenfold to 2,000 tonnes a year.TADC executive director Adnan Ghazali said this is achievable as more entrepreneurs join the lake's aquaculture programme.On average, a fish cage can produce about one tonne of fish.Entrusted by the Terengganu state government to be the integrator and developer for fish farming in Lake Kenyir under the East Coast Economic Region (ECER) project, TADC is targeting about 2,000 fish cages by year-end.Adnan calculates that if an entrepreneur is responsible for 10 participants, with each participant farming 20 fish cages, then this single entrepreneur will be in charge of 200 fish cages.Over the next three years, TADC has plans for 300 people including entrepreneurs, to be involved in its Lake Kenyir aquaculture project.Through this initiative, Adnan is optimistic that TADC will be able to meet its ECER target to boost fish output up to 6,000 tonnes a year in the next three years.Adnan said a strong pull factor is the profits. Each participant can get at least a monthly income of RM700 while entrepreneurs are assured of RM1,500. Read more

(New Straits Times 4-3-2008)

Properties To Get Boost From Growth Region

The East Coast Economic Region (ECER) can boost the property sector and property prices in the long term, industry experts and real estate consultants say."It's a long term game and the higher impact would be on industrial development in buildings and land for industrial," Henry Butcher Malaysia's property research director Fahariah Abdul Wahab said.It is learnt that Kuantan can sustain another 150,000sq m of retail space, Kota Baru some 110,000 sq m and Kuala Terengganu some 135,000 sq m. Fahariah said although the ECER hold about 14.8 per cent of Malaysia's population, it only recorded up to 9.1 per cent of residential, 6.5 per cent of commercial and 8.3 per cent of industrial property transaction in the country in 2006.In terms of value, the residential sector in ECER only constituted 4.2 per cent of the national total.

(5-2-2008 New Straits Times)

Peninsular Invests RM60m in ECER

KUALA LUMPUR: London-listed Malaysian gold miner Peninsular Gold Ltd has invested RM60mil in the East Coast Economic Region (ECER) to build a plant in Raub, Pahang, that will be able to extract 85% of the gold residue left in mine tailings. Peninsular, listed on London's Alternative Investment Market, was tapping into soaring global gold prices which hit a record high last week of US$868 an ounce, the secretariat said. Peninsular is a gold mining company with projects located in the vicinity of Raub, which is known its gold mining activities.

(10-1-2008 The Star)