JOHOR BARU: Iskandar Malaysia is set to become a regional theme park hub with more theme parks expected to be set up in the country’s first economic corridor. According to State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong, Iskandar Malaysia is poised to become the regional theme park hub in Malaysia and have a few upcoming theme park developments in the pipeline. Within the next three to five years, the corridor will have a total of eight theme parks. At the moment, discussions are going on between the relevant authorities and the theme park operators who are planning to set up their theme parks here. The ongoing discussion involves Iskandar Regional Development Authority (Irda) with theme park operators from Australia, Indonesia, Japan, Europe and North America, regarding their investment in Iskandar Malaysia. These theme parks will be developed between 20.33ha and 40.46ha, and can be either indoor or outdoor theme parks. One of the proposed theme parks is an indoor IT-based theme park, which is preferred by IT-savvy youths and gamers. Japan houses a similar theme park, which is popular among youths. The investment for these theme parks can range between RM500 million to RM1 billion, depending on the size of the development. These upcoming parks will cater for all walks of life, from children to adults.
Currently, Iskandar Malaysia houses Legoland Malaysia Theme Park, the Hello Kitty Indoor Theme Park @ Puteri Harbour, the Angry Birds @ JBCC and the Mount Austin water theme park.
0 Comments
NEW YORK: Bitcoin exchange Coinbase said on July 21 it is now offering the ether digital currency to consumers. Ether is the digital currency for the Ethereum platform, a blockchain, or public database that can be used by consumers or corporations without the need for control by intermediaries. Ethereum, which uses ether to execute peer-to-peer contracts automatically, was co-founded and invented by 22-year old Russian-Canadian programmer Vitalik Buterin. "Ethereum is still in an early and experimental phase, and as it matures will likely evolve to serve a different purpose than Bitcoin," said Ankur Nandwani, product manager at Coinbase, in a blog posted on the company's website. "In the meantime, Ethereum is pushing the digital currency ecosystem forward and we are excited to support it as part of our mission to create an open financial system for the world." The addition of ether comes given the surge in interest in the digital asset among major financial institutions such as Barclays, and other global corporations which are trying to explore the Ethereum network. Nandwani said consumers in 32 countries can now buy, sell, and store in their Coinbase accounts. In May, ether trading was added to its digital currency exchange called GDAX (Global Digital Asset Exchange). That trading platform is focussed on institutional investors and professional traders.
According to coinmarketcap.com, ether is trading at US$12.64 (RM51.33) late on July 21, with a market capitalisation of about US$1.04bil (RM4.22bil), the second largest behind bitcoin. Bitcoin currently has a market cap of US$10.48bil (RM42.56bil) and trading at US$664.85 (RM2,699.79). Volume for ether over the last 24 hours was around US$25.7mil (RM104.36mil), while that for bitcoin was US$61.2mil (RM248.52mil). At the beginning of the year, ether traded at just US$1 (RM4.06) per token and it is one of the fastest-rising digital currencies. — Reuters (17 JUL - PENANG, MALAYSIA) The landlords of rental houses alleged to be illegal in Penang want the state government and Penang Island City Council (MBPP) to regulate short term rental services instead of blindly issuing summonses. Their spokesperson, Amir Farhan, 25, who is a house owner at Birch Regency in George Town, said that the houses that were rented for short terms had been issued summonses by MBPP but there was no law explaining why they were summoned. In the summonses issued by the council, it was written that the house owners were operating a homestay without licence under the Local Council By-laws, with the fine amounting to RM250. “We have been receiving summonses and when we went to the council and asked if we could apply for a licence to operate, they told us that no such licence exist. Besides, we are not operating a hotel or a lodging facility, we are just renting our house for a short while to others,” he said in George Town today.
Amir stressed that MBPP should come out with regulations before blindly issuing summonses to house owners who rent their houses for a short term. The majority of the house owners facing such problems are those who advertised their houses on short term rent on Airbnb, an online booking site for those interested to rent a house at their preferred location. - Bernama News PUTRAJAYA: Leaders from Malaysia and Singapore will witness the signing ceremony of a memorandum of understanding (Mou) concerning the Kuala Lumpur-Singapore High Speed Rail on Tuesday. The event will be held in conjunction with Singapore prime minister Lee Hsien Loong's one-day visit to Malaysia on July 19. Wisma Putra, in a statement said Prime Minister Datuk Seri Najib Tun Razak and Lee would witness the signing ceremony of the MoU between the two governments. The proposed 350-km line will begin in Bandar Malaysia, seven km from the Kuala Lumpur city centre and end in Jurong East, Singapore. The proposed train service is expected to cut travel time to about 90 minutes from about five hours by road between Kuala Lumpur and Singapore. The proposed train is expected to have five transit stations, namely cities of Seremban, Ayer Keroh, Muar, Batu Pahat and Iskandar Puteri.
The Wisma Putra statement said that Lee was also scheduled to have a four-eyed meeting with Najib to discuss bilateral issues of mutual concern. Malaysia and Singapore enjoy excellent ties in various sectors including trade and investment, social, education, defence and security, as well as people-to-people relations. In 2015, Singapore was Malaysia's second largest trading partner globally and largest trading partner among member countries of ASEAN. Total trade between the two countries was recorded at RM190.6bil (US$48.8bil) in 2015. – Bernama |
CORWIN GROUPLatest News Archives
October 2021
CategoriesBy submitting this form, you provide consent for Corwin Group to email you occasionally with industry news and promotions. You may unsubscribe from these emails at any time.Testimonials & Disclaimer
Important Disclosure: By visiting this site, you agree to be bound by CorwinGroup’s Terms of Use and Privacy Policy. CorwinGroup.com is intended for accredited investors and otherwise qualified investors who understand and accept the risk associated with private investments. Investing in private investments on CorwinGroup involves risks, including, but not limited to market and industry risks, risks related to a specific property, currency fluctuation risk and liquidity constraints. Investments are not bank deposits and are not guaranteed. There is a potential for loss of part or ALL of the investment capital. CorwinGroup does not endorse any of the opportunities that appear on the site, nor does it make any recommendations regarding the appropriateness of particular opportunities for any investor. No correspondence or information provided on CorwinGroup.com or by any representative of CorwinGroup should be construed as a recommendation of a security. Each investor is advised to conduct his/her own due diligence as CorwinGroup does not provide any investment advice, business advice, or tax or legal advice. CorwinGroup is not registered under the Securities & Futures Act or the Financial Advisor’s Act. Neither the Securities and Exchange Commission in the country nor any federal or state securities commission or any other regulatory authority has recommended or approved of the investment or the accuracy or inaccuracy of any of the information or materials provided by or through the website. Please read Corwin’s Terms of Use for more detailed terms and conditions to which users of CorwinGroup are subject. |