MALACCA GATEWAY


Malacca future gateway from the sea where sea cruises can dock. Now without a deep water berth, cruise ships need to dock outside Malacca port before using smaller feeder boats to bring in and out of Malacca port.

 If the new berth becomes a reality, Malacca can invite more cruise liners to visit Malacca.

Read more

IMPRESSION CITY BY END 2017

Yong Tai Berhad : bullish on Impression City
     
02/24/2016 | 03:12 am
KUALA LUMPUR: YONG Tai Bhd expects its RM5.4 billion project in Malacca to generate net profit margin of 20 per cent, which would help to sustain the company’s earnings in the long term.

The garment maker-turned-property developer, which has been loss- making for several years, expects to return to the black this year with contribution coming from the real estate sector.

The company, which has pockets of developments in the Klang Valley and Johor, is planning to develop Impression City on a 47.03ha site in Malacca.

The project would be developed in 11 phases and over 10 years, said its executive director Boo Kuang Loon.

Construction for Phase 1 would start in the third quarter of this year and feature retail and commercial units, said Boo at a luncheon hosted by MIDF Amanah Investment Bank Bhd, here, yesterday.

It is expected to have a gross development value of RM1.1 billion,

The catalyst for the commercial-led Impression City is the Impression Melaka performing arts theatre, to be built on the 47.03ha site.

Construction of Impression Melaka, the jewel of the company, will start next month at a cost of RM300 million and includes land acquisition. The opening is slated for end-2017.

Boo said although Impression Melaka required a huge capital investment, the returns would be long term and attractive.

It would take two years to construct and the projected returns would start from 2018 onwards, he added.

With 15 million tourists visiting Malacca annually, Yong Tai hopes to attract at least 1.1 million visitors to Impression Melaka, with 40 per cent coming from China.

The company is also targeting visitors from Southeast Asia (30 per cent), Asia (20 per cent) and the rest from the Middle East, Europe and the United States.

“With two shows a day and tickets priced at RM120 per person, we are poised to achieve a revenue of RM140 million a year, including the sale of souvenirs and merchandise. For this business, we are targeting a profit margin of 50 per cent. This would net us a profit of around RM60 million a year.

“There are many more upsides, such as increasing the ticket prices and having up to four shows a day. This is the potential of Yong Tai in the future,” said Boo.

“For the next two years we are at the investing stage and would generate profits. But the profits would not be much to give dividends,” he said.

Read more

11 ABANDON PROJECTS TO BE REVIVED

Malacca rehabilitates 11 abandoned projects: Idris Haron

Posted on 21 February 2016 – 04:56pm
Last updated on 21 February 2016 – 06:19pm

MALACCA: The Malacca State government is in the process of rehabilitating 11 tourism projects that were abandoned in the state to ensure productivity in the tourism industry remained positive, said Chief Minister Datuk Seri Idris Haron.

He said the projects concerned included the upgrading of the monorail at Malacca River, the Malacca Zoo and the Dolphin Park at Pulau Melaka here as well as the development of the Extreme Park in Chin Chin, Jasin near here.

“For the monorail project, we have asked the party concerned to undertake a study and analysis, there will be a new approach in the management and development of the project while the other projects would be rehabilitated in stages and would be monitored to ensure their smooth implementation.

“This is a positive development to continue the abandoned projects, and we have identified 13 abandoned projects in the state but only 11 would be continued,” he told reporters, here today.

He disclosed this after the gathering with the Tourism Malaysia Director in conjunction with the program “Fun with Health, Tourism Malaysia Directors’ Retreat 2016”, here. – Bernama

Read more

LOVE IS IN THE AIR

Tourists looking for love join in Malacca’s Chap Goh Meh celebration
22 FEBRUARY 2016 @ 9:56 PM
BY MICHELE NG

MALACCA: Love was in the air at the Quayside at the Malacca River as tourists mingled with locals to celebrate Chap Goh Meh.



A group of women in particular, were keen participants in the tossing of the oranges ritual, synonymous with the celebration often dubbed the ‘Chinese Valentine’s Day.’

Susanna and Carla Saradeth from Germany who were on the boat expressed their excitement at being part of the celebration for the first time.

“A friend of mine told me the meaning behind the orange tossing and said I would do it while I am here.

“At that time, I laughed it off but I never thought I would actually do it”, Susanna said with a giggle when met today.

Carla also jokingly said that they might get lucky in love after this.

Both Susanna and Carla liked the warmth that they received by the locals throughout the event.

“We were just walking by when we were invited to join and suddenly we were a part of everything.

“It was really cool and the dances and costumes were nice,” Carla said.

Those in attendance were also serenaded by a performance from the ‘Body and Soul’ band while being entertained by the catchy lagu joget by ‘The Serani Teng Teng’.

Present was state Transport and Project Rehabilitation executive committee chairman Datuk Lim Ban Hong, who officiated the event.

Chap Goh Meh is the 15th and last day of the Chinese New Year celebration.

Some of the women tossing oranges into the Malacca River at Quayside during the Chap Goh Meh celebration. Pix by HAIRUNISAH LOKMAN.

Read more

Powerman Asian Championship Malaysia

Powerman Asian Championship Malaysia

Date: 6th March 2016

Venue: Putrajaya

Website: http://www.powermanmalaysia.com/

POWERMAN is a global duathlon race series consisting of two disciplines specializes in long-distance duathlon events of running, followed by cycling and then another running in a format bearing some resemblance to triathlons.  It features a 10K run, 150K bike and 30K run and has been held annually since 1989.

POWERMAN has increased exposure of duathlon worldwide by hosting events in 14 countries, including Holland, Malaysia, United Kingdom, Italy, Belgium, Austria, Germany and the World Championship in Switzerland.  The biggest and the best long distance duathlon in the world are united under this label in the International Powerman Association (IPA). The IPA cooperates with the International Triathlon Union in the development and growth of the duathlon as a
Sport in general and the long distance duathlon in particular.

 

Read more