TNT, one of the world’s leading providers of integrated express services, has increased its presence in Malaysia with the opening of a new facility today – The TNT Penang International Gateway. Located at Kompleks Kargo Kedua, next to the airport runway, the integrated air and road facility – the first in northern Malaysia - will improve the transit times of goods passing through Penang and will increase the company’s capability to handle a greater volume of goods. The new facility will provide significant opportunities and benefits businesses in the hi-tech industry, specifically the electronic, computing, telecommunications and semi-con sectors.
TNT’s Penang International Gateway was officially opened today by Y.A.B. Mr Lim Guan Eng, Chief Minister of Penang. Y.A.B. Mr Lim said, “The fact that TNT is investing in yet another facility in Penang despite the challenging economic times is a big confidence boost to doing business in Penang and also Malaysia. The electrical and electronics industry is a key pillar of Malaysia’s economy and forms a significant portion of Penang’s total trade . TNT’s top-notch services and the attention it pays to providing a high level of security meets the demands of the industry especially in North Malaysia.”
Speaking at the official ceremony, Onno Boots, Regional Managing Director for TNT Southeast Asia and India said, “It is important for TNT to stay nimble and adaptable during these challenging times but also to stay focused on further developing our infrastructure and integrated air-and-road networks in the region. The opening of our Penang Gateway facility is yet another demonstration of our commitment to grow in Malaysia and the region. We understand the needs of our customers especially in the hi-tech sector and want to offer them the most cost-effective supply chain solutions for their business.’
Alan Miu, Managing Director of TNT in Thailand said, “The new Penang TNT facility provides an important and timely boost to our already well established Asia Road Network (ARN) of which TNT Thailand is an integral part. With direct road links to Thailand it reduces transit times for our in and out bound services through Malaysia by a whole day, enabling us to offer our ARN customers an even speedier service.”
Friday, November 20, 2009
Wednesday, November 4, 2009
NEW PHETCHABURI BOOMS WITH AIRPORT LINK
Bangkok property firm Fragrant Property says a survey of property and land prices on New Phetchaburi Road has shown that prices there have risen steadily, thanks to the development of public utilities and transport.
It says the increases have resulted from the expansion of real estate business away from Sukhumvit and Sathorn roads, which are considered to be Bangkok's central business district, because property prices have soared in these areas despite the economic crisis.
CEO James Duan said land prices in the central business district had been sharply adjusted upwards with no tendency to decline despite the economic conditions. The amount of available land is rather limited and most of it is held by private owners who will not rush to sell until the price is high enough.
Therefore, project-development expansion has moved into neighbouring places, especially those with convenient transportation. For example, the price of land on Makkasan Road stood at Bt200,000 per square wah in 2006 and has now risen to Bt300,000 per square wah. In some places, particularly near Airport Rail Link stations, the price is even higher.
The company's survey found that five condominiums, together worth Bt13 million, will be built on New Phetchaburi Road between the Makkasan intersection and Klong Tan intersection. Some have already been launched and others are in the development process and are expected to be completed before the end of 2012.
The projects will offer a total of 2,755 units with prices starting at Bt1.8 million. The price per square metre ranges from Bt79,000 to Bt110,000.
Earlier, property experts and analysts revealed that demand for land along the Airport Rail Link route was very active, resulting in rising land prices, particularly on New Phetchaburi Road between the Makkasan intersection and the Asoke-New Phetchaburi intersection.
Developments in this area are not restricted to residential projects, but include hotel projects serving tourists and investors. Negotiations are in progress for several land plots and it is believed that there will be at least 1,500 residential units developed in the area in the next one or two years.
"Regarding condominium prices in this area, it was found that projects near to train stations, Makkasan station and Asoke intersection, have higher prices than others," Duan said.
"Although some people remark that New Phetchaburi Road is full of old commercial buildings and entertainment clubs, it should be pointed out that five new projects are aimed at high-end customers and the response to project launches has been good.
"Therefore, we expect that the image of New Phetchaburi Road will change, especially when the Airport Rail Link opens in the middle of next year," he said.
It says the increases have resulted from the expansion of real estate business away from Sukhumvit and Sathorn roads, which are considered to be Bangkok's central business district, because property prices have soared in these areas despite the economic crisis.
CEO James Duan said land prices in the central business district had been sharply adjusted upwards with no tendency to decline despite the economic conditions. The amount of available land is rather limited and most of it is held by private owners who will not rush to sell until the price is high enough.
Therefore, project-development expansion has moved into neighbouring places, especially those with convenient transportation. For example, the price of land on Makkasan Road stood at Bt200,000 per square wah in 2006 and has now risen to Bt300,000 per square wah. In some places, particularly near Airport Rail Link stations, the price is even higher.
The company's survey found that five condominiums, together worth Bt13 million, will be built on New Phetchaburi Road between the Makkasan intersection and Klong Tan intersection. Some have already been launched and others are in the development process and are expected to be completed before the end of 2012.
The projects will offer a total of 2,755 units with prices starting at Bt1.8 million. The price per square metre ranges from Bt79,000 to Bt110,000.
Earlier, property experts and analysts revealed that demand for land along the Airport Rail Link route was very active, resulting in rising land prices, particularly on New Phetchaburi Road between the Makkasan intersection and the Asoke-New Phetchaburi intersection.
Developments in this area are not restricted to residential projects, but include hotel projects serving tourists and investors. Negotiations are in progress for several land plots and it is believed that there will be at least 1,500 residential units developed in the area in the next one or two years.
"Regarding condominium prices in this area, it was found that projects near to train stations, Makkasan station and Asoke intersection, have higher prices than others," Duan said.
"Although some people remark that New Phetchaburi Road is full of old commercial buildings and entertainment clubs, it should be pointed out that five new projects are aimed at high-end customers and the response to project launches has been good.
"Therefore, we expect that the image of New Phetchaburi Road will change, especially when the Airport Rail Link opens in the middle of next year," he said.
Green fund plans win approval
The cabinet yesterday approved in principle investment plans for low-carbon technologies proposed by the Finance Ministry that would use funding from the World Bank's Clean Technology Fund (CTF).
The investment plans are mainly for developing environment-friendly energy and for transport projects that reduce the use of fuel oil.
The World Bank has told the Thai government it would offer as much as US$300 million in credit to the public and private sectors, said Vachara Kannikar, a deputy government spokesman.
The CTF was set up by the World Bank, the Asian Development Bank and International Financial Corporation to provide funds mainly to support reductions in greenhouse gas impacts.
The cabinet yesterday also approved plans by state-owned companies including the Mass Rapid Transit Authority of Thailand to borrow an additional $1.35 billion from overseas lenders to help finance infrastructure projects.
The Mass Rapid Transit Authority will seek a loan of $563.9 million from the Japan International Co-operation Agency to finance an electric rail line, an the upgrade of its mobile-phone network to third-generation (3G) technology.
Finance Minister Korn Chatikavanij said the cabinet yesterday also gave a green light for the Bank for Agriculture and Agricultural Co-operatives (BAAC)to set aside 60 billion baht in credit to help prop up rice prices during the current harvest.
Loans of 20 billion baht guaranteed by the Finance Ministry will be extended to the Marketing Organisation for Farmers and the Public Warehouse Organisation to buy rice directly from farmers. Another 20 billion baht in loans to rice millers will improve their liquidity on condition that they buy rice from farmers at prices set by the Commerce Ministry. The government will cover loan interest of 2% and the millers will pay loan interest at 2.75%.
The BAAC will set aside another 20 billion baht for a rice mortgaging scheme to help farmers who need money but prefer not to sell when prices are low.
The investment plans are mainly for developing environment-friendly energy and for transport projects that reduce the use of fuel oil.
The World Bank has told the Thai government it would offer as much as US$300 million in credit to the public and private sectors, said Vachara Kannikar, a deputy government spokesman.
The CTF was set up by the World Bank, the Asian Development Bank and International Financial Corporation to provide funds mainly to support reductions in greenhouse gas impacts.
The cabinet yesterday also approved plans by state-owned companies including the Mass Rapid Transit Authority of Thailand to borrow an additional $1.35 billion from overseas lenders to help finance infrastructure projects.
The Mass Rapid Transit Authority will seek a loan of $563.9 million from the Japan International Co-operation Agency to finance an electric rail line, an the upgrade of its mobile-phone network to third-generation (3G) technology.
Finance Minister Korn Chatikavanij said the cabinet yesterday also gave a green light for the Bank for Agriculture and Agricultural Co-operatives (BAAC)to set aside 60 billion baht in credit to help prop up rice prices during the current harvest.
Loans of 20 billion baht guaranteed by the Finance Ministry will be extended to the Marketing Organisation for Farmers and the Public Warehouse Organisation to buy rice directly from farmers. Another 20 billion baht in loans to rice millers will improve their liquidity on condition that they buy rice from farmers at prices set by the Commerce Ministry. The government will cover loan interest of 2% and the millers will pay loan interest at 2.75%.
The BAAC will set aside another 20 billion baht for a rice mortgaging scheme to help farmers who need money but prefer not to sell when prices are low.
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