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Friday, April 29, 2016

XPRESS AIR FLIES INTO MALACCA

      XPress Air targets 

     1,500 passengers    

      Melaka-Pekan 

      Baru flight within 

      three to six months

  Xpress Air targets 1,500 passengers for Melaka-Pekan Baru flight within three to six months
                       The airline will consider using a
                        Boeing 737-3.  flight had 26  
                        passengers on board
                       and was  greeted by the State
                       Transport,Project, Rehabilitation
                       and International
                       Trade Committee Chairman
                       (second from left) here today. -
                       Bernama Photo

       MELAKA
                 


















       Indonesian hybrid airline,
       XPress Air aims to attract
       1,500 passengers for the return
       flight from Melaka to Pekan
       Baru within three to six months.

       Commercial Director
        Poernomo said
        it was the second international
        route for the airline after
        Launching the Pontianak, Indonesia
        to Kuching Sarawak sector in 2014.

       " This follows the success of
       the two-way flights between
       Pontianak and Kuching," he told
       reporters after the maiden flight from
       Pekan Baru arrived at the
       Melaka International Airport here.

       The flight had 26 passengers on board
       and was greeted by the State
       Transport,Project, Rehabilitation and
       International Trade Committee
       Chairman,Datuk Lim Ban Hong on
       arrival at 3.10 pm.

       Swadono said Xpress Air will initially
       Operate the flight using a Dornier 328
       which can carry 32 passengers
       Withfour weekly flights on Tuesday,
       Thursday, Friday and Sunday at 4.25
       pm.
       The airline will consider using
       a Boeing 737-300 which can fly
       120 passengers if the response was
       good. 

Wednesday, April 27, 2016

INDONESIAN AIRLINE, XPRESS AIR TO FLY INTO MALACCA

New Indonesian airline flying into Malacca from Friday

SOURCE: Bernama
MALACCA, 27 April 2016: 
Indonesian airline Xpress Air is expected to offer two-way flights from Melaka to Pekan Baru, Indonesia from Melaka International Airport (LTAM) starting this Friday.

Dornier 328 aircraft


State Transport, Project Rehabilitation and International Trade Committee Chairman Datuk Lim Ban Hong said Xpress Air would also make transit stops at three destinations – Palembang, Lampung and Tanjung Pinang, Indonesia.
For a start, he said Xpress Air would operate using the Dornier 328 aircraft, which can accommodate 32 passengers at any one time, and offer four weekly flights on Tuesday, Thursday, Friday and Sunday.
“We are proud of this cooperation, considering that all the destinations are our source markets for tourists, who frequently use the hospitality services in Malacca.
“Xpress Air operations are expected to increase tourist arrivals mainly from  Indonesia and hospitality tourism revenue for the state.”
Lim said the airline is expected to deploy Boeing aircraft for its operations if the response from passengers was good.
Xpress Air is in the midst of expanding its flight destinations in Malaysia and Malacca would become the hub for connecting flights to other destinations, he added.
About 20,000 tourists were recorded to have used flight services at LTAM in the first three months of this year.

Read more: http://www.therakyatpost.com/business/2016/04/27/new-indonesia-airline-flying-into-malacca-from-friday/#ixzz475iSuDZJ

Thursday, April 21, 2016

MELAKA RIVER LED LIGHTING FROM 2017

Beginning next year, Melaka River LED lighting showwith technical support from Japanese company



HANG TUAH COMMERCIAL CENTRE DEVELOPMENT

Hang Tuah Commercial Centre, Catalyst For Melaka's Inland Development

By Fadzli Ramli

MELAKA, April 9 (Bernama) -- After the successful development of Melaka Raya, Kota Laksamana, Pulau Melaka and Klebang on reclaimed land, the state government will now move forward to undertake inland development such as the Hang Tuah Commercial Centre.



Chief Minister Datuk Seri Idris Haron said the centre would require an investment of between RM400 million and RM500 million for the first phase of its development.

The centre which would be sprawled across Jalan Hang Tuah, Jalan Tun Ali, Pengkalan Rama, Kampung Morten to Melaka Sentral would comprise a hypermarket, transportation hub, tourist attractions, residences and institutions of higher learning.

"The state executive council meeting has agreed in principle to the development of the commercial centre in a move to balance reclaimed land and inland development in the state," he told Bernama here Saturday.

He said the focus of the inland development was to raise the socio-economic status of the people in the area.

"The centre will also focus on academic development. Right now, Universiti Teknologi MARA and Universiti Teknikal Malaysia Melaka have their campuses here," he said, adding that eight developmental projects over 40.5 hectares is expected to be ready in five years.

Idris said two projects which would be the pillars of the commercial centre are the reconstruction of the Hang Tuah Hall and the construction of the Melaka Foundation building.

He said the existing two-storey Hang Tuah Hall will be rebuilt into an eight-storey building. It will continue to house a library but the clock tower within would be upgraded into the main landmark in the commercial centre.

The 25-storey Melaka Foundation building, to be completed in three years costing RM120million, will houses offices and a 252-room hotel that would generate income for the foundation.

Idris said the state government also planned to redevelop buildings which had no more historic value within the Hang Tuah Commercial Centre

"The affected buildings will be refurbished to look attractive so as to be able to generate economic activities in the area," he said, adding that traffic congestion, the drug menace and prostitution will become a thing of the past.

-- BERNAMA

Wednesday, April 20, 2016

MELAKA IMPRESSIONS AND IMPRESSIONS CITY IMPACT ON YONG TAI


KUALA LUMPUR: RHB Research projects a multi-fold rise in net profit for Yong Tai as the former garment company focuses on property development.

“This would be underpinned by the Impression City project, which would see a potential total gross development value (GDV) rise to RM6.1bil from RM164mil currently,” it said.

The research house said this  ought to keep the group busy for the next eight to 10 years. Impression Melaka, it added, offers a further upside to both earnings and valuations.

Impression Melaka


“We estimate a valuation range of RM1.03 to RM1.18,” it said as it initiated coverage.

RHB Research said in line with the group’s overall expansion plan into the property sector, Yong Tai has announced several proposals.

They are the RM37mil acquisition of a 17 acre plot in Melaka (Impression Land) for the development of a theatre to produce the Impression Melaka as well as the acquisition of PTS Impression (to hold a 30-year license to stage the show) for RM3mil. It also has a joint venture to develop 100 acres of land adjacent to the Impression Land.

The company is also undertaking a fund-raising exercise to raise more than RM300mil.

“The proposals are expected to be completed/take effect by 1HFY17 (June),” it said.

RHB Research said Impression Melaka, which is the first of its kind outside China, is a live cinematography show that utilises the latest light and sound technologies, modern art concepts and cultural performers.

This is to be the first live largescale Impression Series outside of China and is one of the “entry point project” within the National Key Economic Area (NKEA) initiative for the tourism sector. The performing arts centre is estimated to cost RM300mil, with completion targeted for end-2017.

“Management expects Impression Melaka to contribute RM50mil to RM60milper annum in bottomline thereafter,” it said.

The research house said Impression City is expected to contribute RM5.4bil to total GDV. Concurrent with the construction of the theatre for Impression Melaka, Yong Tai is to develop the land adjacent to it (the development collectively known as Impression City).

The mixed development project includes residential, commercial and retail units. The total GDV over an eight to 10 years period is estimated to be RM5.4bil.

“Management believes the Impression Melaka project would spur the growth of tourism and related industries such as real estate, hotels and eateries, that is catalysts for Impression City.

“We project for Yong Tai to turn around and post a net profit of RM14mil in FY17, accelerating to RM64mil in FY18. This is underpinned by the progress of its property projects. Our forecasts do not factor in the contribution from Impression Melaka, which we have pushed to FY19.

“We derive an indicative valuation estimate range of RM1.03 to  RM1.18 (fully diluted) based on SOP. The low end of our valuation range excludes Impression Melaka while, for its property development business, we have ascribed a 40% discount to its RNAV.

“The top end of our valuation range incorporates the show, where we estimate the business to be worth RM107mil based on DCF. We see upside to our valuation for Impression Melaka as execution risks ease. Our indicative valuation estimate range implies an FY18F P/E of seven to eight times (10.6 to 12 times, fully diluted),” it said.
TAGS / KE

Monday, April 18, 2016

DEWAN HANG TUAH TO BE REDEVELOPED


Current Dewan Hang Tuah


In March 2016, Chief Minister of Melaka announced plans to redevelop the current Dewan Hang a Tuah into a new multi storey Dewan Hang Tuah.

The current 2 storey building has reached her age of about 40 years or more. Time has come to turn the area into multi purpose building. The library that used to be there can be turned into Melaka Dewan Hang Tuah Library. Office tower block, hotel and convention centre can be planned.

Future Dewan Hang Tuah

The strategic location is a good marketing point as it overlooks Melaka river and it is near to Jonker walk, Panggung Melaka and Heeren Street as well.

Tuesday, April 12, 2016

MELAKA HISTORICAL CITY TO CELEBRATE HISTORICAL CITY DAY ON 15TH. APRIL 2016

On this coming Friday, 15th. April 2016, Melaka will celebrate her 8th. Anniversary for being declared as Melaka Historical City Day.

In 2015, arrivals of local and foreign tourists to Melaka top 15.7 million. This is an all time high and hopefully Melaka can aim for 20 million visitors by 2020.

There are new attractions being planned and constructed.

A big project by Yong Tai group is Impressions Melaka and Impression City. Chinese and Malaysian investors are involved in this multi billion project.

Melaka Gateway is another major project at Pulau Melaka which includes a new marina, hotels and shopping area. International Cruise ships can berth safely in Melaka as well.

Impression Melaka is an international show directed and put together by Chinese renowned director, Zhang Zi Mou and is scheduled to be opened by end 2017.

This World class shows will be performed at night and guests are expected to spend at least one night for these shows. By doing so, guests must stay in hotels around Melaka including enjoying our food and beverages. Major spin offs are expected for Melaka.