KUALA LUMPUR: A private preview of Meridin Suites Residences in Johor Baru on May 11 attracted some 1,500 visitors and within five hours, 75% of 595 available units were pre-selected by potential buyers. A total of 446 units with a total value of RM261 million were pre-selected in those few hours, according to developer Mah Sing Group Bhd in a statement. Meridin Suites Residences, which comprises three towers of 32 to 36 storeys with a total of 756 serviced residences, makes up Phase 1 of integrated development The Meridin@Medini in Iskandar Malaysia, Johor. Phase 1 also includes the Meridin Walk Lifestyle Retail. The Meridin@Medini sits on 8.19 acres (3.31ha) of freehold land and has an estimated gross development value (GDV) of RM1.1 billion. The preview, for those who had registered for Meridin Suites Residences earlier, featured phase 1A, comprising towers A and C. Units have built-ups from 521 sq ft with an indicative price of RM387,000 onwards. A breakdown of the buyers showed th
KUALA LUMPUR: Lack of communicative ability and emotional awareness are the two biggest leadership gaps in Malaysia, according to data from the Asian Leadership Index (ALI). The study, conducted by the Iclif Leadership and Governance Centre, found that 24% of Malaysian respondents viewed communicative ability as the biggest leadership gap, followed by lack of emotional awareness (23%), need to develop others (19%), need to be more empowering (15%) and visionary traits (10%). The report on the study’s findings was released yesterday. The study, which spanned 18 countries in Asia, involved interviews with almost 3,500 selected senior and emerging leaders, and it was about ideal leaders and what was missing in them. Singapore, Myanmar and Vietnamese respondents chose “emotionally aware” as their leaders’ biggest gap, while those in Indonesia, Korea, Japan and Thailand chose “visionary”. Respondents in China, meanwhile, ranked “develop others” as their key leadership gap. T
KUALA LUMPUR: Twelve personalities from the local corporate scene were shortlisted for the finals of the Malaysian chapter of the Ernst & Young Entrepreneur of the Year Award last night. In the event co-hosted by Standard Chartered Bank Malaysia, the 12 were nominated for four categories by a panel of judges guided by a set of judging criteria applied globally under the Ernst & Young Entrepreneur of the Year programme. The nominees for the Master Entrepreneur category are Andrew Reddy of Chaswood Resources Sdn Bhd, Brandon Tay of Guan Chong Bhd, Datuk Liaw Choon Liang of Focus Point Holdings Bhd and Dr Chia Song Kun of QL Resources Bhd. For the Women Entrepreneur category, the three shortlisted are Selangor Dredging Bhd’s Teh Lip Kim, Lisa Fong of Oscar Footwear Marketing Sdn Bhd and Sunlight Taxi Group’s Choi Wei Yee. In the Technology Entrepreneur category, Norman Abdul Halim of Kru Studios Sdn Bhd is among the three shortlisted for the final round. The other two are Wong
DRB-Hicom Bhd(June 10, RM2.36)Maintain buy at target price of RM3.60: By ramping up production with its partner, DRB-Hicom Bhd, Volkswagen AG (VW) targets to double car sales in Malaysia to 23,000 units this year, according to a Bernama report. DRB-Hicom’s plant in Pekan, Pahang started the production of VW’s Passat in early 2012 and the Polo in October 2013. According to the report citing Soh Weiming, VW president of commercial operations of Greater China/Asean, the plant is set to roll out the Jetta model by the first half of this year. He also said that 75% of the cars to be sold this year are expected to be locally produced from the Pekan plant. Over the long term, VW plans to sell more than 50,000 cars a year in Malaysia, which has a market size of 550,000 units per year. Notably, the automotive division remained in the red in the fourth quarter of financial year 2014 (4QFY14), albeit at a lower amount against the previous quarter, with an estimated earnings before interest an