Author: Charles Tan
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EDRA sold for RM9.8 bill CASH to CGN, China
I just published an article about this on 22 November. Read here: Edra Global Energy Global Berhad to be sold to a consortium Today, according to a report in The Star, 1MDB is selling its entire power assets under Edra Global Energy to China General Nuclear Power Corporation (CGN) for RM9.83 bill cash. Yes, CASH. The…
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Edra Global Energy Global Berhad to be sold to a consortium
Reported in Bloomberg dated 21 November 2015. Edra Global Energy (Edra) may be sold soon, to an international consortium. Yes, this international consortium has submitted a higher bid than our own Tenaga. Maybe it’s a good news for Tenaga since their shares were dumped when it was revealed that they were submitting a bid. Never…
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Penang: PTMP, new airport, catalyst till 2050.
We know about the reclamation in Seri Tanjung Pinang. It’s by Eastern & Oriental and the first phase has been completed and the second phase is up and coming. Read here: Penang island getting bigger. E&O’s STP2 Well, Penang is about to get even bigger through further reclamation. No, this is not about the rumoured Middle…
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Fear of price increase, thus buy quickly?
Many fresh graduates would think of Klang Valley as their career starting point. Well, this meant that they will need to buy a property in the KL or Selangor. Are the property prices in KL becoming too expensive that all of them are being forced to buy as soon as they could? Recently as reported…
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Slowdown? Prices per sq ft increased for ‘strong interest’
This project ‘wrapped’ itself around The Star newspaper today (19 Nov 2015). It’s those cover wrap which costs a fortune to advertise. Yes, I think it’s part of the project launch advertising and promotion activity. The project is 8 Conlay by KSK Land Sdn Bhd. Well, luxury projects are having a bad time in Singapore.…
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Q4 2015: Good FDI performance to continue
Reported in Business Times. From January 2015 to September 2015, total Foreign Direct Investment (FDI) into Malaysia is actually higher than the same period in 2014. (YES, this is despite the Ringgit kept depreciating while the economy is still chugging along). The FDI was up by over 5.8 percent FDI inflows rose by more than…
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ABM: No reason to reject your first time home loan, IF.
I do not personally believe any bank would want to reject home loan applications if the buyers qualify for it. However, as usual the buyers these days also have to bear some responsibility for having their loans rejected. This is especially if they have overspent via their credit cards even before they apply for their…
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Landed homes for just RM356 psf by IJM in Klang
RM625,000 for a two-storey landed terrace? 20 x 70. With built ups of 1,751 to 2,021 sq ft and from IJM Land Bhd? Of course, let’s not expect this to be in Mont Kiara or even Kelana Jaya. This is in Bandar RImbayu in Teluk Panglima Garang, Klang. IJM said that ensuring relevancy in a…