RAPID

MB World Group Unveils its First Bandar Penawar Township

MB World Group Berhad launched its first township at Taman Sri Penawar in Bandar Penawar, Kota Tinggi with a land bank of 470 acres and expected to meet completion in 7 years. The township has an estimated Gross Development Value (GDV) worth RM1.9 billion and will be spanning with 3300 residential units and 380 commercial lots. “We believe that Taman Sri Penawar is an ideal township for working adults to

Saudi’s Resume Interest in Pengerang

Reuters reported that Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country’s Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang valued at US$27bil. They will sign the agreement during a weekend visit by Saudi Arabia’s King Salman Bin Abdulaziz Al-Saud to Malaysia, Prime Minister Datuk Seri Najib Razak said in a statement. Bilateral trade between Saudi Arabia and Malaysia has

ACCUMULATING WEALTH Investing is like Running a Marathon

Lately, there are plenty of negative news from declining growth numbers in many countries (especially China and Singapore) to declining investments, impaired currency exchange rates, lower commodity prices and increasing job losses. The Star newspaper recently reported that Petronas Chemicals Group Bhd scrapped a giant elastomers project worth US$1.3bil as part of the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor. Moreover, although the Ringgit has regained some strength