Thursday, December 26, 2013

Abandoned projects .....in Hulu Selangor

Abandoned projects dot Hulu Selangor landscape

Forlorn: An abandoned project near Batang Kali.
Forlorn: An abandoned project near Batang Kali.
PROJECTS are still being approved by the Hulu Selangor District Council (MDHS) although more than a dozen abandoned ones have not been revived.
MDHS president Tukiman Nail justified this by saying that development was needed and the council would continue to approve other projects.
He said he did not want Hulu Selangor to be left behind compared to other districts and new developers would not be penalised because others had abandoned their projects.
Tukiman said new developers should be given a chance to prove themselves and the council had blacklisted developers of abandoned projects.
The forest is slowly reclaiming Genting Valley as its own, including the abandoned guardhouses at the various entrances as seen here.
Creeping in: An abandoned project in Genting Valley including the guardhouse at the entrance has overgrown bushes.
Among the notable abandoned projects in the district are Desa Beruntung housing project in Ulu Yam, Lembah Beringin housing project, Bandar Baru Serendah single-storey houses, a single-storey housing project in Bukit Sentosa, Kampung Desa Beringin expansion project, Kampung Melayu Rasa expansion project, Desa Bukit Bujang expansion project, Genting Valley bungalow lots, Kampung Koskan single-storey terrace houses, Serendah Perdana housing scheme, Erina Heights Ulu Yam, a housing project in Batang Kali and Taman Impiana housing project.
He cited the Bukit Beruntung project in Rawang as an example.
“We want the abandoned projects here to be revived but there are no ‘white knights’ willing to do this,” said Tukiman.
A view of the skeleton houses at Taman Koskan in Sungai Choh Rawang
Unfinished: The frames of houses at Taman Koskan in Sungai Choh, Rawang.
In response, Selangor Housing, Building and Urban Settlers Management Committee chairman Iskandar Abdul Samad said a catalyst was needed to bring more development into the area.
“There has to be mixed development, namely commercial, residential and industrial,’’ he added.
Granted, reviving abandoned projects is no easy task as many issues need to be ironed out between the purchasers and developers.

GBH had breached Financial Reporting Standard (FRS) 127, Consolidated Financial Statements and Investments in Subsidiaries (previously MASB 11) where it failed to duly eliminate profits arising from its intra-group sale of properties


SC reprimands Goh Ban Huat and its board of directors; key directors fined for financial reporting deficiencies

The Securities Commission (SC) today publicly reprimanded Goh Ban Huat Berhad (GBH) and its Board of Directors and has imposed a fine of RM50,000 each against its Managing Director, Goh Tai He and Executive Director, Tan Ah Cheun.

The public reprimand and the fine are in relation to the failure of the company and its directors’ to comply with Regulation 4 of the Securities Industry (Compliance with Approved Accounting Standards) Regulation 1999 (Regulations) in respect of GBH’s financial statements for the quarter ended 31 December 2004.

Regulation 4 principally requires every listed corporation, its directors and chief executive to ensure that the consolidated financial statements are to be made out in accordance with approved accounting standards.

The breach

GBH had breached Financial Reporting Standard (FRS) 127, Consolidated Financial Statements and Investments in Subsidiaries (previously MASB 11) where it failed to duly eliminate profits arising from its intra-group sale of properties, resulting in an overstatement of profits by RM121 million in GBH’s financial statements for the quarter ended 31 December 2004.

Under FRS 127, intra-group transactions and the resulting profits should be eliminated in full.

Other considerations

The erroneous profit before taxation of RM100 million announced by GBH in its 31 December 2004 quarterly results on 28 February 2005 had subsequently prompted unusual share price movements and dealings of GBH shares on Bursa Malaysia Securities Berhad. The SC noted that GBH had explained and rectified the error in the quarterly results through its announcement on 7 March 2005 where a loss before taxation of RM21 million was reported instead. Notwithstanding this, the SC views the breach as serious since it involves a fundamental accounting issue.

Conclusion

The SC reminds all other listed corporations, their directors and chief executive officers on the importance of adhering to all relevant financial reporting standards and disclosure requirements in the interest of the investing public.

The SC views non-compliance with the Regulations as a serious matter as high standards of financial reporting are fundamental in promoting market integrity and enhancing investor protection.

The SC will not hesitate to take action against listed corporations and their officers for failure to comply with the applicable securities laws or regulations.


SECURITIES COMMISSION
17 May 2005



Note to the Editor

Note that the SC has taken action against Oilcorp Berhad on 24 March 2005 (reissuance of accounts) and Aktif Lifestyle Corporation Berhad on 4 May 2005 (public reprimand and reissuance of accounts) both in relation to breaches of Financial Reporting Standards. For further details, please refer to 2005 press releases on the SC website www.sc.com.my.







Wednesday, December 25, 2013

馬國馬化合作社拜訪星洲日報

  • (圖:柬埔寨星洲日報)
馬來西亞馬化合作社柬埔寨商業考察團一行18人,昨日下午到柬埔寨星洲日報參觀,獲本報執行主編王漸鴻熱烈迎接。

一行人在異鄉看到由馬來西亞創辦的中文報,對柬埔寨星洲日報倍感親切。

昨日蒞訪的成員包括拿督余貴忠、拿督林華成博士、拿督林平國、拿督林岑少校、梁傳青、駱保才、謝晉豪、謝宗平、施明玉、蘇江海、劉國才及李甜福等。(柬埔寨星洲日報)

Monday, November 25, 2013

Thailand to launch 24-hour Malay TV channel

Thailand to launch 24-hour Malay TV channel

While some logistical decisions remain, the new network will deliver programming to Deep South residents in their native language.

By Rapee Mama for Khabar Southeast Asia in Narathiwat

November 22, 2013
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Thai Muslims are reacting favourably to a cabinet decision last month to establish a 24-hour satellite television network for broadcasting Malay-language programming across the Deep South.
  • Public Relations Department Director General Apinan Juntarungsri ahead of last month's meeting in Yala. Apinan and other officials resolved at the meeting to establish a 24-hour TV network entirely in Malay to serve Deep South viewers. [Photo courtesy SBPAC] Public Relations Department Director General Apinan Juntarungsri ahead of last month's meeting in Yala. Apinan and other officials resolved at the meeting to establish a 24-hour TV network entirely in Malay to serve Deep South viewers. [Photo courtesy SBPAC]
Government Public Relations Department Director General Apinan Juntarungsri discussed relevant issues at an October meeting in Yala with other officials, including Southern Border Provinces Administrative Centre (SBPAC) Secretary General Tawee Sodsong, National Broadcasting and Telecommunications Commissioner Peerapong Manakit, and local Muslim leaders.
SBPAC will play the lead role in ensuring that the programming meets local needs. The Yala office of the National Broadcasting Services of Thailand (NBT) airs a terrestrial television service in Malay, but only for eight hours daily and within a limited coverage area.
"The establishment of a 24-hour television station follows the government's desires to provide around-the-clock services to local residents of the southern border provinces, as well as to increase understanding and disseminate a variety of information to local people, including news entertainment, sports, religion and cultural events," Apinan told Khabar Southeast Asia.
"After announcing this policy, the government assigned SBPAC and NBT to work together with respected local leaders, academics and others with specialised knowledge to work out the details of the project in such a way that they bring maximum benefit to local residents."
Experts debated whether to use the standard version of Malay or the local Pattani version, which developed in relative isolation and is hard for Malaysian and Indonesian speakers to understand.
"It will be important that the station managers as well as the reporters have a basic understanding first and work together on a committee with Muslim religious leaders, discussing all matters in detail to make sure the Malay language station develops in a stable way," Confederation of Islamic Councils Chairman Abdulrahman Abdulsamad said.
"If they can really manage to do that, many benefits will result because Islamic teaching branches out into so many areas, such as law, public administration, commerce and business, science, astronomy and others," he added.
He said that real success would come only if news producers and station managers provided high-quality shows and news reports with broad appeal to potential viewers, 90% of whom will be Muslim.
"These television channels will open up new opportunities for local people to be able to view problems from a broader perspective, whether they are lifestyle, cultural or religious matters," Abdulrahman said.
He encouraged the use of some standard Malay in programming, "because everyone will hear it and learn it, and the transmissions could be understood by those across the border".
Hamika Sooleng, of Manang Tayor subdistrict in Narathiwat's provincial capital district, said, "Nowadays everyone here uses both Malay and Thai to communicate, so opening a Malay-language television station will be a real accomplishment for local people, so it should meet their needs.
"They should give local people a chance to have some input. After it is in operation, they should have a review process put in place to deal with any problems. I think it will be good if it is transparent and gives the local community a say."