Risk profile of PNB118 Tower as Part of Warisan Merdeka Development Plan

To assess investment performance, we are able to look at the annual report of our investment (ASB investors can refer to ASB annual report). As a concerned investor, we can always carry out in-depth study of the project background as well as its risk profile. Since our investment with PNB is easy to liquidate, if we don’t trust PNB anymore in investing our money, there are other investment options for us to use.

Investing in high-risk business may expose them to bigger potential of losing their wealth. Therefore, in order to keep their investors from investing somewhere else, they need to keep on investing in low risk sectors while maximizing profit.

A little bit of background regarding the 14.5ha land purchase (location of Stadium Merdeka and Stadium Negara):

16 years ago, PNB paid RM 220 per sqft to Pengurusan Danaharta Nasional Bhd. 10 years later, the market value of the land has appreciated to RM 800 per sqft (source: http://www.thestar.com.my/business/business-news/2010/10/23/warisan-merdeka–a-beacon-to-pnbs-future/). I think they already made some profit there.

Instead of cashing in the profit, they decided to grow it by doing more development to surrouding land while preserving heritage value of those two buildings mentioned before.

The project is handled by PNB Merdeka Ventures Sdn Bhd, a company wholly-owned by PNB. As a concerned citizen (and investor), there are many opportunities for us to voice out our concerns and learn more about the project so that opportunists won’t be able to take advantage of our ignorance.

Originally published on Transport Malaysia on 16 October 2016.

[ Review ] Pascasejarah by Fahd Razy

Pascasejarah is a Malay-language fiction book written by Fahd Razy, a young author based in Terengganu, Malaysia.

Pascasejarah: the book

Pascasejarah by Fahd Razy
Pascasejarah by Fahd Razy

I managed to finish the book in just several days because it is quite easy to read. Nevertheless, the selection of words and phrases in the book almost always leaves me in awe while reading it.

The setting of the book is some time in the future. Alternate forms of civilization are forming in place of ruins left by today’s civilization. Through the setting, Pascasejarah brings you to a journey through an era in the future. The book comes with a premise that history always repeats itself. There are plot twists in almost every chapter. At the end of each chapter, I silently wished that the chapters can be longer with more details about the plot twist. Maybe the omission of detail is deliberate so that we can think of the additional details by our own.

Pro (or not so pro) tip: If you want to go through the book at your own time, I would recommend you to read the book chapter by chapter. This is because the chapters are sorted in a loose chronology. Besides, the book also appears to be some form of hybrid between a full-fledged novel and a collection of short stories.

Pascasejarah: the author

A doctor by profession, Fahd Razy has introduced himself before through various writings about life as a doctor. He was also actively involved in Grup Karyawan Luar Negara (GKLN), a small group of writer community among Malaysian students overseas.

Risk profile of PNB118 Tower as Part of Warisan Merdeka Development Plan

To assess investment performance, we are able to look at the annual report of our investment (ASB investors can refer to ASB annual report). As a concerned investor, we can always carry out in-depth study of the project background as well as its risk profile. Since our investment with PNB is easy to liquidate, if we don’t trust PNB anymore in investing our money, there are other investment options for us to use.

Investing in high-risk business may expose them to bigger potential of losing their wealth. Therefore, in order to keep their investors from investing somewhere else, they need to keep on investing in low risk sectors while maximizing profit.

A little bit of background regarding the 14.5ha land purchase (location of Stadium Merdeka and Stadium Negara):

16 years ago, PNB paid RM 220 per sqft to Pengurusan Danaharta Nasional Bhd. 10 years later, the market value of the land has appreciated to RM 800 per sqft (source: http://www.thestar.com.my/business/business-news/2010/10/23/warisan-merdeka–a-beacon-to-pnbs-future/). I think they already made some profit there.

Instead of cashing in the profit, they decided to grow it by doing more development to surrouding land while preserving heritage value of those two buildings mentioned before.

The project is handled by PNB Merdeka Ventures Sdn Bhd, a company wholly-owned by PNB. As a concerned citizen (and investor), there are many opportunities for us to voice out our concerns and learn more about the project so that opportunists won’t be able to take advantage of our ignorance.

COVID-19: Fighting Rumours with Facts

Since early 2020, Malaysians have been talking about Coronavirus Disease 2019 (COVID-19) all over social platforms including social media and social messaging. Earlier today on 19 March 2020, one fake news even suggested that military helicopters will be involved in “disinfecting” the country from COVID-19. If helicopters are being used, one should wonder how many of it is required to spray whole Kuala Lumpur area (and subsequently, whole country). It is simply technically impossible to carry out such thing (read: that is a fake news).

Every day, the authorities have to spend their time answering questions from the citizens or even journalists about some fake news items being spread throughout the social platforms. Malaysian Commission of Multimedia and Communication (MCMC) has also set up a dedicated website to combat fake news (sebenarnya.my). The website is updated regularly, even during crisis times such as during the Movement Control Order (MCO). However, many of the news outlets are not highlighting the website as a trustworthy medium to verify the authenticity of fake news circulating around us.

The occurence of COVID-19 outbreak this year has brought many new thing to us. For example, the National Security Council (Majlis Keselamatan Negara – MKN) has published a list of social media / messaging platforms that the citizens can refer to in order to get latest information.

Ministry of Health (MOH) has also being careful with the amount of information that they release to the public. In an apparent compliance with Personal Data Protection Act (PDPA) 2010, MOH has never release any personally-identifiable information regarding its patients. Indeed, the collective responsibility carried out by MOH employees to safeguard patients’ information is something that everyone should applaud.

A fake FAQ list has also prompted the actual one to come out. The fake FAQ has been circulating around since 18 March 2020 while the authentic one was published only on 19 March 2020. Due to tremendous amount of queries received from the public, it prompts the government to come up with an actual one. The fake one looks totally legitimate though. 

Cyberview Resort and Spa

Cyberview Resort and Spa is a 5-star hotel resort located in Cyberjaya. Its strategic location between Cyberjaya and Putrajaya makes it a popular choice by companies and visitors of Cyberjaya and Putrajaya.

The food is great-tasting too. I had the chance to try their fried koay teow for morning refreshment and buffet lunch. Fried koay teow is a splendid one, although it is a bit salty according to my tastebud.

The buffet lunch is so-so, with usual offerings found at four-star and five-star hotels.

Recycling Center – RKR Multivision, Seri Kembangan, Selangor

RKR Multivision is a recycling center located in Seri Kembangan, Selangor. Those who are looking for a place to recycle their stuff can visit here to dispose your used belongings and get some cash for them. While the cash benefits does not seem enticing, keep in mind that you are helping the earth by doing this and provide our future generation a better world to live in.

To provide information for users, the company has set up a website, www.besiburuk.com. The website contains necessary information such as services provided as well as contact information.

 

Consumers who are concerned about the price need not to worry as RKR Multivision will give you free quotation.

The premise is located near industrial areas in Seri Kembangan. The recycling center must be a preferred one for businesses. Address of the premise is shown below:

RKR Multivision

Jalan PP 28

Taman Pinggiran Putra

43300 Seri Kembangan

Selangor, Malaysia

Products that they buy/recycle

  1. Drink cans
  2. Aluminum
  3. Copper
  4. Brass
  5. Steel
  6. Box/Paper Box
  7. Coil
  8. Compressor
  9. Plastic
  10. Plastic Bottle
  11. Mineral Water Bootle
  12. Colour paper
  13. Newspaper
  14. Black and White A4 paper
  15. empty food cans,
  16. Electronics Gadget/Device
  17. Computer Monitor
  18. Electronic Board
  19. Astro Decoder/DVD Player
  20. Computer CPU
  21. Spoilt Server
  22. Motherboard
  23. Hard-disk
  24. Power Supply
  25. AirCon/Air Conditioner
  26. Old Wires/Wiring
  27. Old Fridge/Refrigerator

For more information, please contact Mr Raj at +60 12 979 6617.

Source: RKR Multivision website

Notes on Local Authorities about Recycling

A quick check conducted on Kementerian Perumahan dan Kerajaan Tempatan (KPKT) website has found little information and they are not helping at all in terms of getting regular consumers right information about recycling.

Another check was conducted at MP Sepang website to seek more information about recycling. No information is found except for recycling-related events such as the launching of campaign and runs. Apparently, we like to do a lot of campaigns yet when it comes to dealing with recycling on daily basis, we conveniently forget our duty to recycle.

 

What is Co-located CIQ Facilities?

Co-located CIQ facilities is an arrangement of Customs, Immigration and Quarantine facilities made in such a way that the travelling experience can be better for the users.

For example, in the upcoming KL – Singapore High Speed Rail (KL-SG HSR) project, travellers can expect to clear customs and immigration for both countries (Malaysia and Singapore) at their departure station. This will enable seamless travel experience as travellers can disembark from their train without further customs and immigration check at the destination station.

Source: The Straits Times