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Daily Archives: July 7, 2020

PGBF scheme will help Felda new generation to own home – Settler

 

TAPAH The second generation of Felda settlers will now have a better chance to own their first home following the government’s move to offer financing assistance under the Felda New Generation Housing (PGBF) scheme.

 

Describing it as great news, Felda Trolak Utara settler Siti Rahmah Turah Ali, 60, said that the financing was an opportunity for the second generation of Felda settlers to own a home near their families.

 

“Effort to provide loan facilities is excellent news for children of settlers to own a home located near to their parents’ home”, she told Bernama.

 

 

 

Earlier, Prime Minister Tan Sri Muhyiddin Yassin in his speech at the opening of the national-level 2020 Felda Settlers’ Day at the Felda Trolak Mara Junior Science College (MRSM) in Sungkai, here today, announced the PGBF financing scheme for the new generation of Felda to own a home.

 

Muhyiddin said that Agrobank has agreed to extend the terms of the loan up to 110 per cent of the price of a house with a maximum value of RM300,000.

 

Commenting on the RM200 million allocation to upgrade and maintain roads in the settlers’ plantations, Siti Rahmah, a mother of five, said that the announcement could help the settlers increase their savings as they no longer have to bear the cost of road repairs.

 

 

Meanwhile, Sabah Felda Sahabat 3 manager Damianus Gajong @ Gonsong, 39, said the facility would enhance the productivity of Felda land.

 

“Good roads will enable us to ferry the yields (of oil palm and rubber) easily apart from easy mobility to work around the plantations”, he said.

 

Source: BERNAMA News Agency

 

Unimas students can return to campus for better internet access

KOTA SAMAHARAN Universiti Malaysia Sarawak (Unimas) is allowing its students who do not have proper Internet access to return to campus to continue with their online learning sessions.

 

Its vice-chancellor, Prof Datuk Dr. Mohamad Kadim Suaidi said the university understands there are some with limited or no connectivity,  especially students staying in the rural villages or longhouses.

 

“In fact, we have allowed some students to return to campus.

 

 

 

“To date, we have almost 400 students who did not return to their hometowns due to concerns over lack of internet access,” he said at an event held at the Unimas campus here today.

 

He said Unimas would also allow final year students who need to use laboratory and clinical facilities to return to the university campus this July and Aug.

 

Source: BERNAMA News Agency

 

Police receive five reports on Al-Jazeera documentary

KUALA LUMPUR Five police reports have been lodged with regard to a documentary on how the country treats illegal immigrants during the fight against COVID-19 produced by international news agency Al Jazeera.

 

Bukit Aman Criminal Investigation Department director Datuk Huzir Mohamed said police would be calling up several individuals including a Al Jazeera news channel journalist in the near future to assist in the investigation.

 

“Police have begun an investigation into reports made against the Al Jazeera news channel on a documentary, portraying an inaccurate picture of the treatment of illegal immigrants during the fight against COVID-19.

 

 

 

“The unfounded allegations and biased reporting made have caused anxiety among a majority of the people of this country,” he said in a statement today.

 

Huzir stressed that no one is exempted from legal action if they are found to have breached the laws of the country adding that the case was being investigated under Section 4 (1) of the Sedition Act 1948, Section 500 of the Penal Code and Section 233 of the Communications and Multimedia Act 1998.

 

Al Jazeera, prior to this, released a 25-minute 50-second documentary entitled ‘Locked Up in Malaysia’s Lockdown’ that denounced treatments of illegal immigrants when Malaysia took steps to tackle COVID-19.

 

Source: BERNAMA News Agency

GLOBAL INFRASTRUCTURE PARTNERS CAPITAL SOLUTIONS FUNDS ANNOUNCE SECURED TERM LOAN INVESTMENT IN COLUMBIA’S PUERTO ANTIOQUIA

NEW YORK, NY, July 07, 2020 (GLOBE NEWSWIRE) — Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, announced today that its credit funds, Global Infrastructure Partners Capital Solutions Funds I and II (“GIP CAPS”) closed on a $110 million secured holding company term loan investment  in Puerto Antioquia Holdings S.A.S. Puerto Antioquia is a greenfield multipurpose port terminal to be strategically located in the Northern coast of the Department of Antioquia, Colombia.  Astris Finance, financial advisor to the Sponsors, has coordinated project development and financing.

The Project is owned by a consortium consisting of CMA Terminal Holdings S.A.S, the port operations arm of CMA CGM S.A., the third largest shipping line in the world, Eiffage S.A, a top tier construction company, Puertos Inversiones y Obras S.A.S., an experienced Colombian port owner and operator, and a private consortium of banana producers and exporters (together, the “Sponsors”).

Proceeds from the GIP CAPS’ holding company investment, together with senior debt provided by a group of multilateral banks and equity capital from the Sponsors, will be utilized to fund construction of an approximately $725 million  port facilities project.

The Project is underpinned by long term volume commitments with the consortium and will be strategically located as Colombia’s closest port to the Atlantic Coast. It is geographically positioned to capture a large share of dry containers traffic originated from important economic regions of Colombia, including Medellin, Bogota, the Coffee Axis and other hinterland regions.

Puerto Antioquia represents GIP CAPS II’s inaugural investment and GIP Credit’s second capital commitment to Latin America. The CAPS strategy provides customized credit financings for infrastructure issuers in GIP’s core sectors of midstream energy, power, renewables and transport, while leveraging GIP’s significant operating expertise.

“We are very pleased to have entered into this transaction with Puerto Antioquia and its Sponsors,” said Jennifer Powers, GIP Partner and Chair of GIP Credit. “Puerto Antioquia is a landmark project for Colombia and is expected to change the dynamics of trade in the country given its strategic location. It is expected to capture immediate cargo and create a significant positive impact in the Uraba region. The Port will provide significant socio-economic impact to the region, as evidenced by multilateral financing support from its senior lender, one of the most important banks in Latin America.

“This investment exemplifies GIP CAPS’ ability to provide unique credit solutions for high quality, essential infrastructure projects, and our commitment to Latin America where we see unique core infrastructure opportunities. “

Laurent Martens, Head of CMA Terminal said: “We are very happy with this continuing partnership with GIP. They have been a resourceful and proactive partner throughout development. We very much appreciate GIP’s unabated support in spite of current market conditions to close the financing of this ambitious project.”

About Global Infrastructure Partners

Global Infrastructure Partners (“GIP”) is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP’s teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP CAPS is part of GIP’s credit platform (“GIP Credit”) which provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies. For more information, visit www.global-infra.com

Media Inquiries Team
Global Infrastructure Partners
+1 646 282 1545
mediainquiries@global-infra.com

Hyperloop Language Passes in House as Part of Moving Forward Act

Bipartisan Support Accelerates Hyperloop Industry in the US and Assigns NETT Council to Establish Regulatory Framework over the Next Six Months

WASHINGTON, July 07, 2020 (GLOBE NEWSWIRE) — H.R. 2, the Moving Forward Act, passed the US House of Representatives, with multiple provisions moving the hyperloop industry forward at a rapid pace within the United States.

“We applaud hyperloop’s bipartisan supporters for their forward-leaning stance on advanced technologies, including several innovative provisions that will support America’s transportation sector in the 21st century and beyond,” said Sir Richard Branson, Founder of the Virgin Group.

This type of recognition from the US government of hyperloop is the first of its kind, further proving that the US intends to be the leader in this industry. This provision not only acknowledges hyperloop in US Code, but it also directs the Non-Traditional and Emerging Transportation Technology (NETT) Council to issue guidance within 6 months on a clear regulatory framework for the safe deployment of a hyperloop system.

“The inclusion of hyperloop transportation in this legislation is historic and once again establishes the US as an innovation leader, giving us an opportunity not just to rebuild but evolve using transformative and innovative technologies,” said Jay Walder, CEO of Virgin Hyperloop.

Included in the surface reauthorization portion of H.R. 2 is the codification of the Non-Traditional and Emerging Transportation Technology (NETT) Council, which will ensure that new and emerging transportation systems – such as hyperloop – can have a one-stop shop at the US Department of Transportation. Virgin Hyperloop has been working closely with the NETT Council over the last year and a half to advance its technology and ensure that they are able to deploy hyperloop safely and quickly.

When the NETT Council was announced Sir Richard added “I want to thank Secretary Chao for her leadership in setting up this forward-thinking council at DOT.  Virgin Hyperloop is eager to continue working with the Secretary and her team…it is clear she wants to be at the forefront of exploring innovative technologies to improve transportation in the United States.”

Bipartisan support from Members of Congress and the Administration has been crucial in the forward progression of the hyperloop industry. The inclusion of the hyperloop provision shows support from Chairman Peter DeFazio (D-OR), but also Members of Congress from both sides of the aisle.

“Codifying [Secretary] Chao’s order establishing the NETT Council and the provision encouraging the development of hyperloops offer a glimpse of [….]  innovation and public-private sector collaboration,” said Congressman Rick Crawford (R-AR) during the U.S. House Committee on Transportation and Infrastructure’s markup.

About Virgin Hyperloop

Virgin Hyperloop is the only company in the world that has successfully tested hyperloop technology at scale, launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. Learn more about Virgin Hyperloop’s technology, vision, and ongoing projects here.

Media Contacts

Virgin Hyperloop
Ryan Kelly
Vice President of Marketing and Communications
press@virginhyperloop.com
+1 (610) 442-1896

MACC arrests man suspected of soliciting RM112,000 bribe

KUALA LUMPUR The Malaysian Anti-Corruption Commission (MACC) has detained a business division head of a private company for allegedly soliciting and receiving a bribe amounting to RM112,000.

 

According to a MACC source, the 49-year-old man was detained at 4pm today after he came to the Klang MACC Office to give his statement on the case.

 

“The suspect is alleged to have solicited for and received a bribe from a company as an ‘allowance’ for appointing it to carry out printing works between 2017 and 2018,” the source told Bernama.

 

 

 

 

Selangor MACC director Datuk Alias Salim when contacted confirmed the arrest adding that the case was being investigated under Section 16(a) of the MACC Act 2009.

 

He said the suspect would be brought to the Shah Alam Magistrate’s Court tomorrow for a remand order

 

Source: BERNAMA News Agency

 

UMNOSiswa proposes IPT reopening standardised

 

KUALA LUMPUR The Kelab Mahasiswa UMNO (UMNOSiswa) has proposed that the Ministry of Higher Education (MOHE) standardises the reopening of institutions of higher learning (IPT) for the next semester.

 

Its president, Mubarak Kunyi, in a statement, said that the move would facilitate student affairs and the university to make necessary preparations for the student’s readmission on campus.

 

“It is also an alternative for students who have trouble accessing the Internet to return to campus to continue their teaching and learning (PdP) activities online in a more conducive environment”, he said.

 

 

 

He also suggested that online teaching and learning be continued until Dec 31, according to preliminary information.

 

He said that the club has received 15,985 respondents voicing their views regarding the reopening of the IPT.

 

Subsequently, the club submitted a memorandum on the reopening of the IPT to the ministry yesterday for consideration.

 

Source: BERNAMA News Agency