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News 27561 to News 27570 of about 30022 news within page 2757
27561. 27/04/2005
26/04/05 - THE Transport Ministry has proposed that the Government revivethe postponed RM14 billion double-tracking railway project following plansto aggressively improve the country's railway system under the 9thMalaysia Plan.Transport Minister Datuk Seri Chan Kong Choy said his ministry is nowwaiting for the approval to proceed with the plan.He said the present double-tracking railway network, stretching fromSeremban to Ipoh, is part of the 7th and 8th Malaysia Plans. With theadvent of the 9th Malaysia Plan, it is only logical to extend the presentnetwork beyond Ipoh."The ministry is seriously looking at improving the country's railwaysystem and will allocate a substantial portion of our 9th Malaysia Planbudget for this."We are now waiting to get the approval from the Cabinet to proceed withthe project to further improve the present railway network," he toldreporters after officiating at the 1st Asia Rail Conference & Exhibitionin Petaling Jaya yesterday.Prime Minister Datuk Seri Abdullah Ahmad Badawi in December 2003 froze theIpoh-Padang Besar and Seremban-Johor Baru double-tracking project as partof efforts to gradually reduce the nation's budget deficit.Prior to the postponement, Malaysia Mining Corp Bhd (MMC) and Gamuda Bhdwere awarded the contract to carry out the project on a 50-50 jointventure basis.Other bidders eyeing the project include Indian Railway Construction Co(Ircon) and China Railway Engineering Corp.Chan said the ministry has also proposed that the double-tracking railwayproject be divided into several portions to help lessen the financialburden."Instead of carrying out the project at one go for both north and south,it is better for the construction works to be carried out in stages. Mostlikely we will focus on the northern portion," he added.On whether the MMC-Gamuda consortium will remain the main contractor forthe project, he said he will let the Government study the matter.In a phone interview later, Chan told Business Times that the mainpriority now is to get the project approved."That is why we are proposing to stagger the project so it will not be tooexpensive," he added.Meanwhile, Avenue Securities senior analyst Kamarulzaman Hassan said he isconfident that the MMC-Gamuda consortium will remain the main contractorsfor the project.The consortium could break up the project into several more phases, orsub-contract it to more companies.However, he has his doubts that the Cabinet will agree to the revival ofthe project, given its exorbitant cost."It is true that the 9th Malaysia Plan aims to further improve thecountry's railway system."However, I think the plan would focus more on repairing the presentsingle railway line."Such a move alone is expected to cost around RM3 billion. I think thedouble-tracking project would be a bit too expensive for the country atthe moment," he added.
27562. 27/04/2005
April 27 2005 - SARAWAK Oil Palms Bhd (SOPB) plans to spend RM79.5million to build a new crude palm oil (CPO) mill and upgrade its twoexisting mills.
27563. 27/04/2005
26/04/05 - THE Sarawak State Government is building a RM4.2 billionintegrated pulp and paper mill in Bintulu. It has incorporated a company,Tatau Pulp Manufacturer Sdn Bhd, to carry out the project expected topossibly start operating around 2008.The company received the Federal Government's approval to build thefactory late last year and the Sarawak Government has gazetted andalienated 1,000 hectares to the Bintulu Development Authority whicheffectively owns Tatau Pulp."Our development is not a revival of the Borneo Pulp and Paper project.Although we're in the same town, the Tatau Pulp project is totallydifferent. We're 100 per cent owned by the Sarawak Government," directorLen Talif Salleh said.Speaking to Business Times at the Swedish Pulp and Paper Technologyseminar in Kuala Lumpur yesterday, Len said the company may considerraising funds by issuing Islamic bonds."We'll be leaving for the UK, Germany and Sweden to look at machineriesand the different financing options for the pulp and paper mill project,"he added.Len, who is also Sarawak Timber Industry Development Corp general manager,estimates that it would take three years to get the right financingarrangement and equip the factory with the relevant machineries to churnout 650,000 tonnes of writing and printing paper annually.He said work on the integrated pulp and paper mill project had alreadystarted with farmed forest of the acacia mangium species. "Every year, theGovernment allocates RM60 million to replant 20,000ha secondary forestwith acacia mangium," he said.In May 2003, the Sarawak Forestry Department handed over a 54,000ha sitefor the planting of acacia mangium to Grand Perfect Sdn Bhd in KakusDistrict, about 90km from Bintulu.Grand Perfect is a consortium of three major timber companies in Sarawak -KTS Timber Industries Bhd, Samling Strategic Corp Sdn Bhd and Ta AnnHolding Bhd.The RM180 million acacia mangium planting exercise is Malaysia's largestsingle species plantation to supply wood for a pulp and paper project on asustainable basis. "Tatau Pulp is planning to sign a pulp supply agreementwith the Sarawak Government in the last quarter of the year," Len said.
27564. 27/04/2005
HONIARA, April 26 Asia Pulse - A group of chiefs in the Solomon Islands isthreatening to seek legal action against the Memorandum of Understanding(MOU) signed between Guadalcanal Resource Development Association and theBritain Palm Oil Company.
27565. 25/04/2005
April 22 2005 - GOLDEN Hope Plantations Bhd is expected to expandfurther its buying sprees abroad to ride on rising global palm oilconsumption, analysts say.
27566. 25/04/2005
Friday April 22, 2005 - Kumpulan Guthrie Bhd has launched its firstcommercial clonal oil palm, ABB1, which has the potential to enhanceproduction yields by 30% compared with current seedling materials.
27567. 25/04/2005
Datuk Peter Chin
27568. 25/04/2005
KOTA KINABALU, Apr 21 - Universiti Malaysia Sabah (UMS) has obtained aRM70,000 grant to study the impact of socio-economic changes on oil palmsmallholders in Sabah and Sarawak.The grant, from the United Nations’ Educational, Scientific and CulturalOrganisation (Unesco), was won by a team from the university’s Ethnographyand Social Development Research Unit.
27569. 20/04/2005
4/19/2005 - Business Times (Malaysia) GOLDEN Hope Plantations Bhd, whichhas been on a buying spree, yesterday forged an alliance with SaudiArabia's Savola Edible Oils Co Ltd in the oils and fats business.
27570. 20/04/2005
4/19/2005 - Business Times (Malaysia) - ANTIOXIDANTS manufacturerCarotech Bhd plans to set up a second crude palm oil (CPO) processingplant to boost its production of tocotrienols, a CPO-based form of VitaminE.
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