首席执行官Wing K. Lee说：“今天的宣布标志着杨忠礼通信的又一个重要里程碑。我们生态系统建设工作的中心是通过我们的努力推动规模经济，建立全球首个全国性的4G网络。这个重要订单几乎是WiMAX历史上最大的订单，确保我们未来的客户在4G产品方面获得最好的性价比，GCT公司在4G芯片组生态系统中是家关键的公司，其WiMAX解决方案提供同类领先的功耗和移动性能。我们相信，结合GCT公司经市场验证的解决方案和专长，我们将实现我们的目标，使马来西亚跃进成为一个宽带国家。”
the two eldest children of tan sri Francis Yeoh carry themselves with a dignity that belies their age. Both are still in their twenties, but are already working in the family’s multifarious business concerns.
Ruth the oldest grandchild to Tan Sri Dato’ Seri Yeoh Tiong Lay, is Finance Director of Yeoh Tiong Lay & Sons Holdings. At the corporate level, she holds the title of Director of Investment. Younger brother but eldest son, Jacob, is Executive Director of Syarikat Pembenaan Yeoh Tiong Lay and Deputy CEO of the newly-established WiMAX division.
I do hope they are not those 3rd generations that are incapable but simply taking up a high post just because they are the heirs to a multibillion business. They have absolute advantage, superb exposure & have been living high up since they were borned. They should perform, as they are trained to do so. Lets hope our faith for YTL group will not go into drain.....pray hard.
KLANG, March 13 (Bernama) -- The Selangor government has selected four companies to carry out the Klang River rehabilitation and development project, which is part of the state's economic stimulus package, unveiled last year.
Menteri Besar Tan Sri Abdul Khalid Ibrahim said the three companies, TSS-Mako Engineering Sdn Bhd, GJA Engineering Sdn Bhd and Wessex Water I-Bhd Consortium were chosen from among 37 companies.
Meanwhile, DPZ Asia Sdn Bhd was selected to design and plan the project given its wide experience not only in Malaysia but also in Vietnam, China, New Zealand and the United States.
Speaking at a press conference on the sidelines of the Klang River Carnival at Taman Pengkalan Batu here, he said the three companies were financially strong and were experienced in river cleaning and development.
He said TSS Mako would work closely with Handong Engineering & Construction Co Ltd, Korea Engineering Consultants Corporation and Yooshin Engineering Corporation of South Korea.
The companies were previously involved in various water projects including South Han River Maintenance, Seoul-Incheon Navigation Channel Project and Gemalink Container Terminal Project Phase One in Vietnam.
Meanwhile, GJA a Bumiputera company, designed and built several projects for the Education Ministry in Malaysia while Wessex Water, which was acquired by YTL Power supplys water and sewerage treatment in South West England.
It will team up with I-Bhd, the developer of the RM2.0 billion digital i-city project in Shah Alam for this river rehabilitation project.
"This is a public-private partnerhip, where senior and technical representatives of each of the three companies will form the Klang River Rehabilitation and Development Project Secretariat with the Selangor state government," he added.
He said the RM1 billion would be spent in development cost while another RM1.0 billion would be spent on cleaning and rehabilitating the river.
The government has gazetted 50 metres from the river as a "river reserve" to prevent any new development or settlement along the 120 kilometre-long river.
The initial stage of the project would take between two to three years to complete while the entire project will be developed in about 15 years.
KLANG: The Selangor government has appointed four companies to carry out a RM50 billion Klang River rehabilitation project.
Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said the entire project would take 15 years to complete.
"We are looking at cleaning up the river first within the first two to three years, which involves RM1 billion for treatment and another RM1 billion for development," he said after the launch of a Klang river carnival here on Saturday.
The companies are TSS-Mako Engineering Sdn Bhd, GJA Engineering and Construction, Wessex Water I-Bhd Consortium and DPZ Asia.
TSS-Mako, GJA Engineering and Wessex Water were selected from 37 companies, which had submitted their proposals in October last year after the project was advertised by the state government. DPZ Asia was appointed by the menteri besar.
TSS-Mako blends local talents with three of South Korea's biggest engineering firms.
GJA Engineering is a 100 per cent Bumiputera-owned company, which for the last three years has been involved in the development of design of projects for the Education Ministry.
Wessex Water is a sewage treatment company based in the UK and is owned by YTL Corp Bhd.
Khalid said more details of the project would be made public after a briefing for the Sultan of Selangor, Sultan Sharafuddin Idris Shah on March 29.
Wessex Water managing director Gareth Jones said the status of the Klang River now lies between a critical and bad stage.
"There is a lot of trash that needs to be weeded out but the river can be saved and improved," he said, adding that the company will start work by next year.
TSS-Mako Engineering Sdn Bhd managing director Ryan Park Youngsuk said the company's tasks included beautification work.
"We are looking at developing the area with a giant theme park in time to come.
"What is important now is to clean the river first."
Interview: Wing Lee of YTL Communications
Global Telecoms Business, April 29, 2010
One of Sprint’s passionate supporters of WiMax is now in Malaysia building a nationwide 4G network and is offering innovators around the world the chance to win $1 million for the best new application or device for the mobile internet.
Wing Lee is the CEO of YTL Communications, owned by a large Malaysian corporation, and is planning to launch its WiMax network soon with the support of the country’s government. “The government gets it,” says Lee. “The country needs 4G.”
And WiMax is more than just a wireless way of getting the internet, he insists. First, it’s essentially mobile — something that many WiMax operators have not yet exploited. And second, its introduction is going to stimulate the development of wholly unimagined applications. That’s why his company is offering prizes worth $1 million for the best.
YTL is one of the largest corporations in Malaysia, with interests ranging from power generation to construction and hotels to transport — it runs, with Siemens, the rail link from Kuala Lumpur to the airport. “Everything we do is first class and first world,” says Hong Kong-born Lee. And now it is spending $850 million on the WiMax project.
It’s a rich company with, says Lee, “$3 billion in the bank”, and it has global ambitions. A national WiMax network in Malaysia is not enough. “My goal is to make sure we launch in Malaysia and then take it elsewhere.” He’s aiming for “a soft launch in Q3 and a commercial launch in Q4” in YTL’s home country.
Order for one million chips
How big? Some idea of the scale that YTL plans is shown by an order it placed with a chip maker, GCT Semiconductor, in February 2010 for one million devices. YTL will deliver the devices to terminal makers later in 2010.
“We’re not just launching dongles,” says Lee. “We’re not going to be investing this money just to launch dongles. It’s safe to say that everyone understands the potential of WiMax but few understand its true potential.”
WiMax, he says, “is synonymous with the vision of the mobile internet. What are the new devices out there that need to be connected to the internet but aren’t today? The internet is going mobile. We’re changing the paradigm and new opportunities are bound to show up.”
Lee has been with YTL only since September 2009, but he’s been with WiMax for much longer. Educated in the US, he spent 15 years working in innovation at US operator Sprint Nextel “which was where I got so passionate about WiMax”. Sprint originally had its own WiMax project in the US but in 2008 merged its operations with those of a rival, Clearwire, in which it is now the biggest shareholder — along with some other significant companies such as Google. Lee joined Clearwire to continue working on the merged WiMax project.
At the same time YTL was given the opportunity by the government of Malaysia to build a 4G network. “As a new technology the government decided it was best not to give it to incumbent operators,” says Lee. “They would sit on it because they would not be motivated to disrupt their own business. That decision was strategic and historic.”
YTL did its own investigation of the technology. “They talked to Motorola and Samsung, and did due diligence. They talked to Sprint. That’s how they met me.”
Samsung and Cisco as vendors
The company decided to work with “the world’s best for wireless infrastructure”, he says. “Samsung is the world’s best for WiMax base station technologies. We need a strong IP backbone. Who’s best for IP networking? It goes without saying that it’s Cisco.”
So Samsung is providing base stations and in-building technology, and “we have awarded the IP backbone business to Cisco”, says Lee.
“Cisco saw the vision and got excited.” The company wanted to take a larger role “and Cisco is now responsible for the design and integration of the networks.”
This is a deep collaboration between the wider YTL group and Cisco. At the time of the deal, in 2008, Cisco and YTL said they want to create a “WiMax centre of excellence in Malaysia to become a world destination for WiMax technology development”.
Cisco’s chief globalisation officer, Wim Elfrink, said at the time “This collaborative model is a first for Cisco, and demonstrates how governments and technology leaders can together provide the network as a ‘fourth utility’ for delivering services that enhance business productivity and quality of life.”
As part of the deal, Cisco will be moving more into managed services than it has before: running the network operations centre once the network is commercial, says Lee. “Cisco will take it over.”
This launch, a few months away, will be “a multi-faceted launch, not just data only”, he adds, stimulated by the GCT chip order — “the largest single order in WiMax history”, he says.
“With a network across the country the true potential of the mobile internet can be demonstrated. There will be new applications that wouldn’t come alive unless there were a nationwide footprint.” With such a wide-ranging network, “the very proposition changes, the opportunities change”.
But why WiMax and not 3G? “The biggest difference is the chipset. Everything else is common,” says Lee. “The chipset is not yet a commodity, but you can drive down the cost and improve adoption by removing the economic barrier. That opens up the customer base. That’s powerful, right?”
Mobile technology
Existing WiMax deployments “don’t do justice to WiMax”, he adds. “It’s supposed to be a mobile technology. How can you deploy mobile technology and then tell me to use it at home?”
So WiMax will roam? “Roaming is not that complex,” says Lee. YTL is working with Clearwire which has “taken leadership in global roaming. We have to build critical mass and roaming is an important part of it. We are very much part of that partnership programme.”
But the main goal “is to deliver on our promises in Malaysia”, he adds. “Once we’ve done that other opportunities will open up.”
Malaysia has 27 million people, with an average age of only 26, and the internet reaches only 25%. “Our goal is to improve Malaysia’s connectivity year by year to get Malaysia to be comparable with its peers in the region — which is much larger than 25%. We believe this country deserves a lot more than it has now. I guarantee the demand is there.”
At the moment access is concentrated in urban areas: YTL wants to run a nationwide service in the peninsula of Malaysia.
He returns to the scope of the service that YTL aims to offer. “Globally WiMax operators are just selling dongles. That is not what WiMax is supposed to be. Our aspiration is to unleash the potential of WiMax.”
The company has “a unique calling to show the world how this promise is to be realised”, says Lee. “The internet is about democratising the flow of ideas.”
What can it do? Clearly Lee and YTL believe it can do more than just provide access to regular internet services — and in order to stimulate the development of new applications and devices the company has created a competition with prizes of $1 million.
The mYprize Global Developer Challenge, as it is called, “challenges developers from across the world to create unique applications, content or devices that highlight the benefits of YTL Communications’ 4G network in Malaysia”, says the company.
The competition — closing date September 30 2010 — is aimed at developers or anyone “who believes in the impact of your creation”. It is open to anyone around the world, including individuals and teams, and ideas can be in concept form or at beta stage.
There are prizes in three categories — applications, ideas and devices — with prizes ranging from $200,000, and a special extra prize for the best Malaysian winner of $120,000.
But he’s expecting entries from everywhere. “We welcome anyone who wants to create a better tomorrow. Innovation is a global phenomenon.” GTB
Reuters) - Singapore's second-largest utility firm PowerSeraya Ltd, together with Malaysian parent YTL Power, is seeking to expand its operations, which could include selling utilities, fuel trading, and oil storage, in the region.
"We're looking for expansion opportunities in the utility arena, which could include power, electricity, water, tank management, fuel trading," Chief Executive Officer John Ng told the Reuters Energy Summit.
"If there are opportunities, we will certainly work together with our parent, YTL Power, within this region, and even outside this region," he said, adding there were no immediate plans or targets on the company's horizon at this time.
Malaysia's construction-to-power conglomerate YTL Corp (YTLS.KL), bought PowerSeraya from Singapore state investor Temasek Holdings in December 2008 for S$3.8 billion. ($2.3 billion)
YTL Power International Bhd's (YTLP.KL) businesses include power generation in Malaysia and Indonesia, power transmission in Australia and provision of water and sewage services in the UK.
PowerSeraya, which owns a 10,000 cubic-meter Seawater Reverse Osmosis Desalination Plant and a 3,100-megawatt power plant, is in the last stages of commissioning a new S$800 million 800 MW Co-Generation Combined Cycle Plant. The unit, which will come on line by end-June, will generate both electricity and steam.
It also operates a 20-tank oil storage farm with a total capacity of about 1 million metric tons, including two new blending tanks that were completed at the end of 2009 for S$20 million.
"The new tanks complement our fuel oil supply and trading business," Ng said.
PetroSeraya, the company's physical trading arm, employs a handful of fuel oil traders. It more than doubled its net profit to S$12.2 million for the year ended March 31, 2009, despite volatile oil prices. Total traded volumes were 900,000 metric tons, with sales of S$673.6 million.
When asked if the company planned to build more tanks, Ng said: "What we have right now is sufficient for our needs for the next couple of years. We're constantly looking at markets around Singapore, to see whether there's a need for us to invest further."
PowerSeraya, a market leader in the Singapore electricity generation market with a 28 percent share, uses piped natural gas to generate power, besides fuel oil and diesel.
It has committed to buy liquefied natural gas (LNG) from BG Group (BG.L) once the S$1.5 billion Singapore LNG Terminal is completed in 2013.
"From two feedstock options, we're moving into three," Ng said.
Asked if PowerSeraya would venture into gas trading, Ng said it was too premature to draw conclusions.
"Asia has no gas trading hub. Will Singapore develop into a gas trading hub? It's early days yet. If there is a market for gas trading, we will not rule out exploring this opportunity," he added.
"We are constantly exploring what we can do with the underlying commodity that we use."
For the financial year ended March 31, 2009, PowerSeraya reported a net profit of S$171.9 million, on revenues of S$3.58 billion. It had cash and cash equivalents of S$248.4 million at the end of the period. The company is moving to a new financial year that ends on June 30, 2010.
(Editing by Ramthan Hussain)
Third interim single tier dividend of 7.5% or 3.75 sen per ordinary share of 50 sen each in respect of the financial year ending 30 June 2010.
Period of interest payment
:
to
Financial Year End
:
30/06/2010
Share transfer book & register of members will be
:
to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
:
YTL Corporation Berhad
11th Floor, Yeoh Tiong Lay Plaza
55 Jalan Bukit Bintang
55100 Kuala Lumpur
Tel No. 603-2142 6633
Payment date
:
15/07/2010
a.
Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
30/06/2010
b.
Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
:
c.
Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
:
Entitlement indicator
:
Currency
Currency
:
Malaysian Ringgit (MYR)
Entitlement in Currency
:
0.0375
Remarks :
Holders of Warrants 2008/2018 are reminded to lodge with the Company's Registrar, YTL Corporation Berhad of 11th Floor, Yeoh Tiong Lay Plaza, 55 Jalan Bukit Bintang, 55100 Kuala Lumpur, their subscription forms and subscription monies for subscription of new shares by 5.00 p.m. on 18 June 2010 to qualify for the above dividend entitlement
Profit/(loss) attributable to ordinary equity holders of the parent
301,654
221,376
783,088
616,810
5
Basic earnings/(loss) per share (Subunit)
4.43
3.81
12.44
10.92
6
Proposed/Declared dividend per share (Subunit)
3.75
3.75
11.25
12.00
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0000
1.0400
Remarks :
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
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