The Star Online: Business |
- Perak Corp and TNBF in marine services deal
- KLIA can be among top 20 busiest by 2020
- Banks lead KLCI higher for fifth day
Perak Corp and TNBF in marine services deal Posted: 28 Mar 2013 06:42 PM PDT Friday March 29, 2013PETALING JAYA: Perak Corp Bhd, via its 50%-owned unit, Lumut Maritime Terminal Sdn Bhd (LMT), has entered into an agreement with TNB Fuel Services Sdn Bhd (TNBF) to provide marine services to ships chartered or hired by the latter. In a filing with Bursa Malaysia, the company said the ships chartered would be used for the carriage of coal that would arrive and unload at Lekir Bulk Terminal for the consumption of TNB Janamanjung Sdn Bhd. It said LMT has been providing TNBF with the marine services since 2002, and with the new agreement, it said the existing agreement shall continue at the current price up to March 31, 2015. "Thereafter, for a further period of 15 years to March 31, 2030, an agreed increase on its current rates based on cargo throughput shall apply," it said.
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KLIA can be among top 20 busiest by 2020 Posted: 28 Mar 2013 06:34 PM PDT bksidhu@thestar.com.my PETALING JAYA: KL International Airport (KLIA) is today the 27th busiest airport in the world by passenger volume and by the turn of the decade it is expected to join the ranks of 20 busiest. Maybank Investment senior analyst Mohshin Aziz told StarBiz that this projection was itself attractive for any airline that was ambitious to be a global player not to overlook flying into KLIA. KLIA's connectivity, traffic volume, a thriving domestic market and that it houses Asia's biggest low-cost airline hub, also count as factors attracting these airlines. But only a decade ago, KLIA saw the departure of British Airways (BA), Lufthansa and Qantas. Full service carriers also need business traffic for the yields besides connectivity and traffic volumes and that is where KLIA paled then in comparison with its rivals Singapore's Changi and Bangkok's Suvarnabhumi. But things have certainly taken a drastic turn since. Today, KLIA has 56 airlines flying out of the hub, three more will join by May 1, and by yearend KLIA could have more than 60. Lufthansa returned some years ago, Air France comes back on April 23 after 30 years, Turkish Airlines and Philippines Airlines, after a decade of absence. "The whole economic make-up of KL has changed, there is strong economic growth, more foreign companies are based here than a decade ago, the number of business travellers are higher and there is a huge domestic market and Malaysia is more visible on the tourism map,'' said an expert. The wining of several awards including "best airport in the world' in its category helps it attract more airlines. Airport Council International, a body that tracks the movement of passenger and aircraft traffic in global airports on Tuesday released its preliminary figures in which KLIA stood at 27th place for handling 39.8 million passengers in 2012. Suvarnabhumi is ranked 14 with 53 million passengers, Changi a notch lower with 51 million, and Jakarta at 9th place with 57 million passengers, mainly due to a thriving domestic market as its growing middle class population takes to the skies. Suvarnabhumi and Changi will continue to be a threat to KLIA but they also have their own issues of space and slots. "How much more can these airports grow, and Suvarnabhumi already has the widest connectivity, how much more can it grow? "And if you look at Soekarno Hatta, it is always packed and getting prime slots can be a challenge and the same is for the other two, especially at night and both airlines and passengers hate delays,'' said Mohshin. Mohshin felt that KLIA had all the building blocks in place to attract airlines, the slots, the space and the volume. Though KLIA will never be number one, he believes it can be number two or even three. "It is all about growth and growth and infrastructure efficiency, and KLIA has that,'' he added. Whether BA and Qantas return or not, the volume coming from Asian and Middle Eastern carriers is sizeable and Mohshin said KLIA should focus on that more. Besides BA and Qantas, MAHB is courting several airlines including Jet Airways, SpiceJet and Indigo to use KLIA, and it will be no surprise if it adds one or two more for this year.
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Banks lead KLCI higher for fifth day Posted: 28 Mar 2013 06:31 PM PDT Published: Friday March 29, 2013 MYT 9:31:00 AMKUALA LUMPUR: The FBM KLCI extended its gains early Friday, which was the fifth day of gains, underpinned by gains in banks and telcos, on the final trading day for the first quarter. Window-dressing activities were seen with fund buying of index-linked stocks as the KLCI bucked the regional markets despite some concerns about the impending general elections. At 9.14an, the FBM KLCI was up 3.62 points to 1,677.66. Turnover was 33.65 million shares valued at RM29.18mil. There were 99 gainers, 53 losers and 98 counters unchanged. Maybank KE Research said the KLCI's resistance level of 1,675 and 1,699 would cap market gains, whilst obvious support areas were at 1,644 and 1,673. Hong Leong Bank rose 14 sen to RM14.58, HLFG 12 sen to RM15.06, CIMB and RHB Cap seven sen higher to RM7.72 and RM8.70. Insurer Takaful rose 14 sen to RM6.99. Among the plantations, KL Kepong rose 22 sen to RM20.96 and Genting Plantations eight sen to RM8.68. Apollo was the top gainer, up 27 sen to RM3.82 after posting a stronger set of earnings. Petronas Dagangan fell 16 sen to RM23.28, UMW 14 sen to RM13.26, MAHB 13 sen to RM5.66 and Gamuda five sen to RM4.08.
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