CONGRATULATIONS TO ALL MALAYSIANS!!!

CONGRATULATIONS TO ALL MALAYSIANS WHO ALLEGEDLY THINK THEY ALREADY MATURED TO DECIDE IN RECENT ELECTION FOR THE SAKE OF NEW DAWN OF MALAYSIA. HERE ARE YOUR FIRST 'VERY GOOD' IMPLICATIONS. WELL DONE GUYS!!!!


Tuesday March 11, 2008

MARKET BOGGED DOWN BY CONCERNS
New Analysis by Joseph Chin

AS investors brace for more bad news from the United States over an imminent recession, Barisan Nasional’s shocking loss added more gloom to the market, sending the KL Composite Index (KLCI) to a 12-month low of 1,173.22 points.

The stock market suffered its biggest loss in its history yesterday, with the KLCI plunging 123 points, or 9.5%, in its worst one-day performance since the Asian financial crisis when the 100-stock index tumbled 95.59 points to 349.56 on Sept 8, 1998.

Of course, the weak Asian markets, which recorded losses of between 1.04% and 4.84% yesterday, also added to the pall over the local market.

Foreign selling on worries over the country’s political future triggered the broad sell-off on Bursa. The loss of Kedah, Penang, Perak and Selangor to the opposition also cast doubts over the fate of the major infrastructure projects slated to be implemented in these states.

There were concerns over whether the Equine Capital Bhd-initiated Penang Global City Centre and the Penang monorail project, led by Malaysian Resources Corp Bhd (MRCB) and Scomi Engineering Bhd, would be implemented. Equine lost more than half its value when its share price plunged 72 sen to 71 sen while MRCB fell 66 sen to RM1.27.

The projects are also part of the Federal Government-initiated Northern Corridor Economic Region, covering Penang, Kedah and Perak.

Investors sold down shares in Kumpulan Perangsang Selangor Bhd, JAKS Resources Bhd and also Puncak Niaga Holdings Bhd on worries that the Pahang-Selangor water transfer project could be affected by the impending change of government in Selangor.

Government-linked counters also came under selling pressure, with Sime Darby Bhd, Bumiputra-Commerce Holdings Bhd, Tenaga Nasional Bhd, Bursa Malaysia Bhd and Telekom Malaysia Bhd among the major losers.

Does the selldown offer any buying opportunities at current levels, especially after RM86.16bil was wiped out from the market capitalisation yesterday?

Fund managers believe the market is oversold, which could mean there are buying opportunities in plantation counters, given that crude palm oil prices are still above RM3,000 per tonne, and these companies are also well-managed and fundamentally strong.

They expect a mild rebound after the heavy sell-off, provided there are no untoward incidents.

However, the caveat is that Malaysia’s political scenario is still fragile while external issues including the US credit market crisis and imminent recession will keep investors on the sidelines at least for a few weeks.

As the head of institutional dealing at a local bank-backed brokerage puts it: “It's like a falling knife; you won’t know when to catch it.”

Source: The Star Online

Residents told to demolish guardhouses, barriers

By : Aaron Ngui and Marc Lourdes

The illegally-constructed guardhouse and gantry barrier in Jalan Jesselton, George Town.

GEORGE TOWN: In a move to ensure that residents do not take matters into their own hands, a residents' association has been ordered to demolish the guardhouses and gantry barriers it erected to stop people from using the roads in their area.

The Penang Island Municipal Council issued the notice to the Residents' Association of Jesselton on Tuesday.

The council wants the residents' association to remove the structures in the exclusive Jesselton Heights area.

Council president Zainal Rahim Seman yesterday said that the structures were illegal and had to be demolished as soon as possible.

This, he said, was provided for under the Street, Drainage and Building Act 1974, which clearly stated that no person can erect any kind of structure in any public place or along the side of any street without the authorities' approval.
"The council has not granted any permission for the association to erect the structures," he said when asked to comment on the residents' claim that they had obtained approval. He earlier chaired a full council meeting.

Zainal said he directed the enforcement unit not to demolish the guardhouses on Monday night following claims by the residents that they had the council's approval.

"I agreed to halt the demolishing works that night so as to verify their claims but found out the following day that no approval had been given.

"The council did not receive any building or technical plans but only a proposal showing the locations where the structures would be placed," said Zainal who, however, declined to indicate when the structures would be torn down.

The structures were built at entry points to the neighbourhood at Jalan Jesselton and Lengkok Jesselton. Both roads have been gazetted as public access roads and both lead to the nearby Waterfall temple.

Residents there did this to prevent motorists from using the roads within the Jesselton neighbourhood to avoid the traffic at Jalan Brook. They also wanted to declare the area as a "safe zone" and had apparently agreed to contribute towards a monthly service charge to maintain the guardhouses.

In Kuala Lumpur, the Inspector-General of Police Tan Sri Musa Hassan said the erection of guard houses and gantry barriers to stop outsiders from accessing public roads in the exclusive suburb was an offence under the law.

"The municipal council can tear down the barrier and the police can take action against those who erected it, if a report is lodged by the council."

He said that if the Jesselton residents had faced problems, they should have approached the council to find a solution.

Source

Simbol Keangkuhan Golongan Elit di Pulau Pinang

Simbol keangkuhan golongan elit di Pulau Pinang

Gambar diatas adalah gambar pembinaan pondok keselamatan (guardhouses) yang dibina tanpa kebenaran pihak berkuasa oleh penduduk di kejiranan Jalan Jesselton dan Lengkok Jesselton iaitu sebuah kejiranan elit di Pulau Pinang.

Jalan tersebut merupakan laluan awam dan bukannya milik pihak atau golongan tertentu.

Menurut artikel yang keluarkan oleh NST, didalam buletin Persatuan Penduduk Jesselton mereka dinyatakan bahawa mereka ingin mengisytiharkan kawasan mereka sebagai 'zone selamat' untuk keselesaan mereka sendiri.

Sebelum ini mereka beria-ia melaungkan 'keprihatinan' mereka tentang akauntabiliti, ketelusan dan 'respect for the law' yang membabitkan projek pembangunan Penang Global City Centre yang kebetulan pula berhampiran dengan kejiranan mereka.

Nampaknya mereka bukanlah benar-benar 'prihatin' tentang projek tersebut. Sebaliknya mereka mementingkan diri dan status mereka. Mereka mahu kerajaan lakukan apa yang mereka mahu sebaliknya mereka sendiri tidak mempraktikkannya dengan baik.

Sumber:
http://www.nst.com.my/Current_News/NST/Wednesday/NewsBreak/20080123101726/Article
http://www.nst.com.my/Current_News/NST/Thursday/National/2140256/Article
http://www.nst.com.my/Current_News/NST/Saturday/National/2142049/Article

Top 9 Unique Structures Soon To Be Built

Top 9 Unique Structures Soon To Be Built

Obviously, construction technologies are advancing extremely quick. With multi-billionnaires/deep-pocketed companies trying to outdo each other in the quest for the next standout design and you have a near-future filled with mile-high skyscrapers and buildings that no longer look like buildings.

Below are 9 strange and unique structures which have either been approved or are in the final stages of approval. Some have already been partially constructed.

Welcome to the future landscape.

1. Aqua, USA (Website)

This skyscraper is to be completed in 2009 in chicago, will seem quite traditional. It’ll only be special when you get close and look up, then you will see the ripple/jelly effect created by variously sized balconies from top to bottom.

2. Chicago Spire, USA (Website)

The phenomenal chicago spire, when completed in 2010, will be the world’s tallest residential building and the tallest building of any kind in the western world. Seemingly modelled on the image of a giant drill poking through the ground, the 609m structure will dominate the chicago skyline.

3. CCTV Headquaters, China (Website)

At a modest 234m the CCTV building isn’t going to stand out from a distance. However the design and shape is a crowdstopper to say the least and will be another incredible addition to Beijing’s skyline in time for the 2008 Olympics. The shape, described as a ‘Z Criss-Cross’ results in a very high, seemingly unsupported corner at the front. Let’s hope there’s a glass floor up there.


4. Regatta Hotel, Jakarta (Website)




Taking on a nautical theme, the developers say the 10 smaller towers represent sailing boats whilst the larger building is ‘the lighthouse’. It’s the lighthouse that steals the show for me, possibly the most incredible looking structure I’ve seen for a long time. If it ends up looking anything close to these pictures I’ll be impressed.

5. Residence Antilia, India (Architects’ Website)



Construction has begun on Residence Antilia despite opposition from those who see it as an ‘excessive’ design in a city where more than 65% of the population live in slums. Politics aside and after you recover from the initial shock of seeing a skyscraper that resembles an IKEA CD rack, the building actually looks like it may succeed as a stunning, unique, green piece of architecture.


6. Russia Tower (Architects’ Website)




Topped with an observation deck over the city of Moscow, Russia Tower will become the tallest building in europe when completed in 2012 and twice the height of the Eiffel Tower. Construction has already started on this angular beast which was designed by foster & partners, also responsible for the gherkin and spaceport America, currently in development.


7. Penang Global City Centre, Malaysia (Website)




Following months of speculation and sturdy opposition, this humungous project is in the final stages of approval and apparently construction will start very soon. Even so, due to the size of the plan it will take at least 15 years to complete. resembling a sci-fi city, the area will be crowned by 2 x 200m towers and completely transform the small island of Penang.


8. Gazprom Headquaters, Russia (Architects' Website)

This gigantic, 300m tall glass flame of a building will house the Gazprom Headquarters in St. Petersburg, dwarfing all structures in its vicinity. It will apparently change colour up to 10 times per day depending on the position of the sun. The building has already been nicknamed ‘Corn On The Cob’ by unhappy locals.

8. Burj Dubai, Dubai (Website)

This is the big one. When completed next year it will be the tallest man-made structure in the world and the tallest building by a long shot with a predicted height of 818m. Note: Currently the tallest building on earth, excluding an antenna, is Taipei 101 in Taiwan which stands at 509m. the photo below is the building’s current state: The skyscrapers below the Burj Dubai used to look tall.

The picture below shows the proposed height of the Burj Dubai compared to some other well known tall buildings.



I wonder how tall a building can be, are there any limits? What human can build in the future? What can we see in the next 20 years? A building that can transform and move from one place to another? No one knows.

SOURCE

Abad Naluri promises to abide by directives

GEORGE TOWN: The developer of the RM25 billion Penang Global City Centre (PGCC) has pledged to abide by all government processes and directives outlined for the project.Abad Naluri Sdn Bhd director Datuk Patrick Lim said the company would instruct its consultants to review the development plans and adhere to the recommendations and views of the Penang Island Municipal Council."

We thank the Penang government for the prompt response to our plans to redevelop the existing Penang Turf Club site into the PGCC," he said in a statement. Lim, who is also Equine Capital Bhd executive chairman, said "it is our intention that the project not only complies fully with all statutory requirements but also that it will be beneficial to all stakeholders"."We value and respect the points of views raised by the public."

Meanwhile, the PGCC Campaign Group, a coalition of non-governmental organisations, welcomed the chief minister's statement to review and scale down the project.

Source