Isnin, 14 April 2014

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The Star Online: Business

Eco World to develop remaining Kota Masai land

Posted: 14 Apr 2014 09:00 AM PDT

PASIR GUDANG: Eco World Development Group Bhd (formerly Focal Aims Holdings Bhd) will start developing its remaining undeveloped land at the Kota Masai township by September.

President and chief executive officer Datuk Chang Khim Wah told StarBiz the development would cover 404.47ha of the remaining undeveloped land of 1,005.23ha township here.

He said it had earmarked a 311.60ha site of the 404.47ha land for 7,000 units of residential properties while 80.93ha was for commercial units and green industrial properties.

"We are already in the planning stage now including the theme for the new development and indicative pricing for the proposed residential properties,'' said Chang on Sunday.

He said this at the recycling campaign jointly organised by Eco World Group, Pasir Gudang Municipal Council and Johor Solid Waste Management and Public Cleansing Corporation at Kota Masai here.

Chang said the company was excited to embark on the second phase development of the township, adding that it would bring "something new to the area which would be a benchmark" for future development within the Masai-Pasir Gudang growth corridor.

Asia Forex: Philippine peso, won, ringgit, yuan dip

Posted: 14 Apr 2014 07:12 PM PDT

April 15: The following table shows rates for Asian currencies against the dollar at 0200 GMT Tuesday.

    Change on the day at 0200 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       101.84         101.82       -0.02
  Sing dlr        1.2524         1.2535       +0.09
  Taiwan dlr      30.229         30.233       +0.01
  Korean won     1040.10        1038.90       -0.12
 *Baht             32.26          32.24       -0.06
  Peso             44.52          44.46       -0.15
  Rupiah        11430.00       11435.00       +0.04
  Rupee            60.18          60.18       +0.00
  Ringgit         3.2530         3.2490       -0.12
  Yuan            6.2243         6.2191       -0.08
  Change so far in 2014
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       101.84         105.28       +3.37
  Sing dlr        1.2524         1.2632       +0.86
  Taiwan dlr      30.229         29.950       -0.92
  Korean won     1040.10        1055.40       +1.47
  Baht             32.26          32.86       +1.86
  Peso             44.52          44.40       -0.28
  Rupiah        11430.00       12160.00       +6.39
  Rupee            60.18          61.80       +2.70
  Ringgit         3.2530         3.2755       +0.69
  Yuan            6.2243         6.0539       -2.74
  * Financial markets in Thailand are closed for a holiday.- Reuters

Gold holds near 3-week high on Ukraine situation

Posted: 14 Apr 2014 07:08 PM PDT

SINGAPORE: Gold was trading near its highest in three weeks on Tuesday as heightened tensions between the West and Russia over Ukraine lifted the metal's safe-haven appeal.

Palladium continued to hold near its highest since August 2011 on worries over supply constrains from Russia and South Africa, the top two producers of the metal. Spot gold was steady at US$1,325.90 an ounce by 0021 GMT, not too far from its 3-week high of US$1,330.90 hit on Monday.

Palladium was near its near three-year high of US$816.10 on fears that US sanctions on Russia would curb supply, and on prolonged mine strikes in South Africa.

Pro-Russian separatists ignored an ultimatum to leave occupied government buildings in eastern Ukraine and instead seized more buildings as the government failed to follow through on a threatened military crackdown.

US President Barack Obama criticized Russia in a telephone conversation with Russian President Vladimir Putin later on Monday, saying Moscow's actions in Ukraine were not conducive to a diplomatic solution.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 1.80 tonnes to 806.22 tonnes - the first inflow since March 24. – Reuters


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