NEWS
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Threatened Plant
Residents of Hye Keat Estate are up in arms. They cannot understand
why a 21 storey project is coming up next to the old Ayer Itam reservoir
and filtration plant, which with its clock tower is a landmark of Ayer
Itam. The reservoir is first to filter water in Penang, hence its name.
For years developers have steered clear of the area knowing it was taboo
to them. The sudden change of policy seems to suggest an about turn by
the Water Authority and a rejection of the avowed aims of "sustainable
development". Whatever the truth of the matter, the tower crane and gouged
out hill have inflicted a severe dent to the reputation of the state
government.
Malaria Penang is suffering from a malaria outbreak with more than 54 cases reported. Fogging is to be intensified Its not only Malaria. TB has been on the rise since 1995 when
there were 699 cases. Since then there has been a steady climb: 788
cases in 1996, 816 in 1997, and 874 in 1998
Glut
The surplus in office and retail space is said to be huge, due to overbuilding
and expanding the land bank to tempt analysts to recommend a buy
on the company. The complaint is that developers do not look at their,
to use the jargon, catchment which is saying that developers tend to aim
at the same market, and commit the sin of ignoring location. . Star gazers
are glum on the future of building which they think will be a downward
slope the next few years. Some think that part of the solution is to encourage
foreigners to buy; if they can buy shares, the argument goes, why
not landed property? Others think there is too much zigging and zagging
in policy In Penang some 40 per cent of office space is vacant
Tortoise
Deadly Matters
Good News Penang hopes to be the production and distribution hub for Information and Communications Technology products, parts and components for high-tech multinational corporations. It hopes also to serve as an ICT nerve centre for start-up companies in the US and other nations. Penang has an excellent infrastructure and highly skilled workforce and a well established supporting net work of electronic suppliers and component makers and above all cost competitive. KOMAG the supplier of advanced thin-film media for computer hard disk drives has transferred its entire manufacturing activities to Penang, a feather in the cap to Penang. These and other facts have armed Dr Ko Tsu Koon for his campaign in the USA to being in more companies |
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