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New developments to share

Valdez

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Die Lah ....

Malaysia Summons Singapore Commissioner as Spying Claims Widen - Businessweek

Malaysia Summons Singapore Commissioner as Spying Claims Widen

November 25, 2013 8:55 PM EST


Malaysia said it will summon Singapore’s high commissioner today to respond to allegations of spying which risk damaging improved political and business ties between the Southeast Asian neighbors.

Indonesia and Malaysia have been key targets for Australian and U.S. intelligence cooperation since the 1970s, facilitated in part by Singapore, the Sydney Morning Herald reported yesterday, citing documents leaked by former U.S. intelligence contractor Edward Snowden. Malaysia’s foreign ministry said it was “extremely concerned” and had already acted against earlier claims of espionage by the U.S. and Australia.

“It cannot be overemphasized that spying against a good friend and neighbor is unacceptable and goes against the true spirit of and commitment to good neighborly relations,” Anifah Aman, Malaysia’s foreign minister, said in an e-mailed statement late yesterday. “If those allegations are eventually proven, it is certainly a serious matter.”

Relations between Singapore and Malaysia have improved after half a century of tensions over issues such as water supply and ownership of a railway station, with the neighbors cooperating on real estate projects on both sides of the border and seeking to improve transport links. Malaysia is a party to the Trans-Pacific Partnership trade talks with Singapore and the U.S.

‘Accepted Norms’
Ong Keng Yong, Singapore’s High Commissioner to Malaysia, confirmed by phone today that he had been called to meet senior foreign ministry officials this morning.

The Sydney Morning Herald cited a map from the U.S. National Security Agency and leaked by Snowden showing Singapore forming part of a global network where cable traffic could be tapped. Michele Batchelor, a spokeswoman for Singapore Telecommunications Ltd. (ST), declined to comment. SingTel is 52 percent-owned by Temasek Holdings Pte, Singapore’s state-owned investment company.

Malaysia said in a statement last month it had sought clarification from U.S. Ambassador Joseph Y. Yun following allegations by Snowden that the U.S. had 90 electronic surveillance facilities worldwide, including at its Kuala Lumpur embassy. Yun said he’d received instructions to review the scope of surveillance, it said, without giving details.

“I don’t think we should be surprised that these sort of diplomatic statecraft are being practiced, even by the closest of neighbors,” said Eugene Tan, an associate law professor at Singapore Management University. “The question now is whether some of the intelligence gathering may have crossed accepted norms.”

Indonesia Friction
The reports could also spur friction between Singapore and Indonesia, Tan said. “The Indonesians would probably be concerned whether the information is also being shared with Singapore intelligence, besides the Australians.”

Australian Prime Minister Tony Abbott has written to Indonesian President Susilo Bambang Yudhoyono as he seeks to repair relations after claims the phones of Indonesia’s leaders were tapped.

Yudhoyono halted cooperation with the Abbott government on asylum seekers and military operations after withdrawing his ambassador from Canberra last week, as tensions between the two countries reached their highest point in 14 years.

Yudhoyono’s spokesman Teuku Faizasyah didn’t respond to a mobbile phone message seeking comment.

To contact the reporter on this story: Barry Porter in Kuala Lumpur at [email protected]
 

potter

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"William Shakespeare wrote of the 猫头鹰 premonition of death in both MacBeth and Julius Caesar. "...
 

Funniman

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"William Shakespeare wrote of the 猫头鹰 premonition of death in both MacBeth and Julius Caesar. "...

William Shakespere also wrote this as per the Jester Statue in Stafford Upon Avon.


Came out in the local newspaper that Singtel is the culprit who taps in to the submarine communication cables which run across ASEAN. They then share the data with US intelligence.
Home Minister Zahid is not a happy man.
 

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Chocolate

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"William Shakespeare wrote of the 猫头鹰 premonition of death in both MacBeth and Julius Caesar. "...

It aint March yet so no need to "Beware the Ides of March" yet....but perhaps we can reflect on another quote from Julius Caesar that may be relevant to the Iskandar story;

"There is a tide in the affairs of men
Which taken at the flood, leads on to Fortune.
Omitted, all the voyage of their life is bound in shallows and in miseries.
On such a full sea are we now afloat
And we must take the current when it serves,
Or lose our ventures."

William Shakespeare, Julius Caesar
 

potter

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haha...literature bring back your school memories/era..?:p

3 lit books i liked, e rest koon.
twelve nights
how to kill a mocking birds
animal farm

but my lit always in red..lol.
 

malpaso

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It aint March yet so no need to "Beware the Ides of March" yet....but perhaps we can reflect on another quote from Julius Caesar that may be relevant to the Iskandar story;

"There is a tide in the affairs of men
Which taken at the flood, leads on to Fortune.
Omitted, all the voyage of their life is bound in shallows and in miseries.
On such a full sea are we now afloat
And we must take the current when it serves,
Or lose our ventures."

William Shakespeare, Julius Caesar

aiyoyo chim. all i wana know is ... this saturday almas suite at PH ay sai hooot bwey??
 
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Chocolate

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aiyoyo chim. all i wana know is ... this saturday almas suite at PH ay sai hooot bwey??

"To be or not to be, that is the question."

William Shakespeare, Hamlet

whether you should be invested in this?

Hope this helps:

"There is nothing good or bad ,but thinking makes it so."

Hamlet
 

malpaso

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"To be or not to be, that is the question."

William Shakespeare, Hamlet

whether you should be invested in this?

Hope this helps:

"There is nothing good or bad ,but thinking makes it so."

Hamlet

didn't hamlet spend an inordinate amount of time deciding what to do next?
oh, btw, your inbox full. just a heads up. nothign very urgent. :smile:
 

FHBH12

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Johor eyes new release mechanism for bumiputra properties
Nov 27, 2013 - PropertyGuru.com.my

The state government of Johor is working on a new mechanism to release unsold bumiputra properties within the state, under which developers will pay a fee and avoid extra holding costs, reported the media.

“Currently, property developers there have to complete 50 percent of the project or wait for nine months from the launch date before they can apply to release the unsold bumiputra lots for sale to non-bumiputra buyers. These units are released in batches, but no units have been released since March 2013,” said KGV-Lambert Smith Hampton (Johor) Sdn Bhd executive director Samuel Tan.

Under the current system, property developers can convert their unsold bumiputra units to non-bumiputra units only after they have obtained a letter of release from the state government, which imposes no fee for the application, said Tan.

However, rumours has it that a new release mechanism will be introduced, which will see developers paying 7.5 percent of the property's selling price to a private company as a fee for the immediate release of the unsold bumiputra lots.

Tan further noted that “if the new ruling is true, developers of ongoing projects which did not factor that into their cashflow will earn less by 7.5 percent or the project's profit margin will become very thin. For new projects, they can factor this 7.5 percent in, provided the release is given within the agreed timeframe in total and not in batches.”

Meanwhile, Rahim & Co Research Sdn Bhd director Sulaiman Akhmady Mohd Saheh said that although the details of the new release mechanism remains unclear, it is confirmed that the Johor government has been looking into the matter.

Farah Wahida, Editor of PropertyGuru, edited this story. To contact her about this or other stories email [email protected]

http://www.propertyguru.com.my/prop...-eyes-new-release-mechanism-for-bumiputra-pro
 
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FHBH12

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Assessment hike should not exceed 10%
Nov 26, 2013 - PropertyGuru.com.my

Bandar Tun Razak MP Tan Sri Abdul Khalid Ibrahim believes that a 10 percent revision in property valuations for the next five years is a more reasonable increase in assessment rates.

Speaking at a resident gathering in Cheras, Khalid, who is also the Selangor Mentri Besar, said: “Current property owners should not be subjected to more than a 10 percent hike in assessment charges. But, for owners selling their properties, we will discuss with Kuala Lumpur City Hall (DBKL) on how they can get back the ‘overdue rates’.”

He said DBKL failed to consider two key issues prior to releasing the assessment notices to property owners.

“Firstly, DBKL should have held briefing sessions for owners so that they will understand the issue and the reasons behind the increase.”

The sudden release of notices informing residents of the increase only confused them since many do not understand how the rates are being calculated.

Second, DBKL “failed to take into account the burden that residents will face because of the hike.”

“If it was a reasonable amount, it would not be so bad. But it is not fair to suddenly ask them to pay for 21 years’ worth of assessment increase,” said Khalid.

He noted that the 200 percent increase can not be justified by taking into consideration inflation.

“If we have been facing an inflation of three percent per year, after 10 years, the hike should only be at 30 percent,” he said.

Notably, over 100 Bandar Tun Razak residents showed up at the gathering to air their dissatisfaction over the hike and hand over their objection letters to Khalid.

DBKL has set the deadline for the submission of objections on 17 December.

Farah Wahida, Editor of PropertyGuru, edited this story. To contact her about this or other stories email [email protected]

http://www.propertyguru.com.my/property-news/2013/11/11333/assessment-hike-should-not-exceed-10-
 

FHBH12

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Iskandar developers seen taking a big hit
Heftier taxes, scrapping of easy financing will deter buyers, says RHB Research
BY PAULINE NG IN KUALA LUMPUR
PUBLISHED NOVEMBER 28, 2013

DEVELOPERS with substantial exposure to the Iskandar Malaysia region are expected to be the "worst hit" by recent property measures, as heftier taxes would deter short-term foreign purchasers who also account for a significant portion of residential sales in some areas, a research house has said.

At the same time, overseas developers are expected to be more cautious about land transactions as more punitive taxes could lead to higher landholding costs, said RHB Research.

CBRE data indicates that foreign buyers account for 54 per cent of total high-rise residential sales (by developers) in Nusajaya, and 39 per cent in Johor Baru and major suburbs.

But the new 30 per cent RPGT (real property gains tax) on foreigners who gain on disposals within the first five years of acquisition is likely to "wipe out short-term foreign speculators to a certain extent", RHB observed in a real estate report dated yesterday.

The higher floor price of RM1 million (S$388,000) from RM500,000 and the scrapping of easy financing schemes such as the developer interest bearing scheme, or Dibs, are additional deterrents to foreign buyers with speculation in mind.

In the past one to two years, the Johor economic zone has gained traction among foreigners, especially Singaporeans, for a number of reasons including the strong Sing dollar.

With robust demand, property prices soared, catching up with Kuala Lumpur city centre prices. A number of KL high-end, high-rise properties have been going at more than RM1,000 psf.

The steep price increase in such a short period may not be sustainable for a number of reasons, including the lack of commerce in Johor Baru. To date the bulk of Iskandar investments has been centred on real estate as developers from Kuala Lumpur as well as overseas made a beeline for the new hotspot.

Take Country Garden Holdings which acquired 22.25 hectares in Danga Bay for nearly RM1 billion. In August, it launched with much fanfare its integrated development which has an estimated gross development value of RM18 billion.

It put up a large portion of the development for sale - a method used by developers in mainland China - selling 6,000 units, or about two-thirds of the 9,000 apartments, within a month. Malaysian media reported that at least one in four buyers is from China.

With the pipeline of units coming from Country Garden and other developers in the next two to three years, people are beginning to see Iskandar as more of a "property play".

RHB pinpointed Medini as likely to experience a slowdown in home sales in the near term as buyers react in knee-jerk fashion to the property cooling measures.

Still, the node may not be very badly affected given the many incentives and exemptions accorded to it by the federal government. Current exemptions include bumiputra quotas, and minimum price restriction for foreigners. Medini property buyers could also be excluded from paying RPGT if the Iskandar Regional Development Authority is successful in pushing for an exemption to ensure the special node continues to be favoured by investors.

There is no denying that the tighter guidelines in Budget 2014 have had a dampening effect as purchasers exercise more caution but RHB said the RPGT was "still bearable" for locals since the 30 per cent maximum rate only applies for disposals within the first three years. It noted, however, that some consolidation in property demand and prices can be expected. Based on past experience, the market could take a quarter or two to adjust to the regulatory changes.

The research house has singled out UEM Sunrise, Sunway and Mah Sing as property companies under its coverage with the biggest exposure to Iskandar in terms of gross domestic value and landbank area.

http://www.businesstimes.com.sg/premium/top-stories/iskandar-developers-seen-taking-big-hit-20131128
 

RedsYNWA

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Ooo, look interesting!

Sadly, after ding dong for so long, both sides have not even announced the site of JB RTS, and whether it will be overhead or underground. Lucky only 1 stop betw JB and SG, or really dunno can ding dong till how long.....
 
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