Showing posts with label Kuala Lumpur. Show all posts
Showing posts with label Kuala Lumpur. Show all posts

Sunday, January 3, 2010

Iconic sites and profitability

Chris Boyd of Regroup is quoted as saying, “I like the idea of iconic sites because they give identity to the country. While they instill some civic pride, they are hard to justify on commercial terms. The office market in Malaysia has traditionally been inexpensive compared with other countries in the region and we may never see the rentals enjoyed by Singapore. It is hard to make iconic buildings work financially. They are there for other reasons.

This is an excellent example of how to speak your mind and, still survive, in a place that is filled with touchy people who like to spend other people's money to build dubious (or, should it be "Dubai-esque"?) iconic buildings.

Thursday, June 11, 2009

Meeting the FT Minister

Brother Rocky was kind and generous enough to add a nondescript blogger like me to a dinner session with the Minister of Federal Territories, YB Datuk Raja Nong Chik bin Datuk Raja Zainal Abidin and his charming wife last night at the Sime Darby Convention Centre. The Minister has a dotcom that you can check out here.

Rocky has indicated the other, more luminous bloggers who were also present at the dinner here.

What struck me was the down-to-earth persona of the Minister and his wife. Absent was any air of condescension that tends to waft across whenever one meets a person with power. Maybe it's early days yet. But, that would be an unfair assessment of the Minister, who came across as someone who is sincere and, under no illusions as to the task that is before him.

The biggest single challenge for the Minister must be the cloistered and, comfortable super-bureaucracy that exists in Dewan Bandaraya Kuala Lumpur. Putrajaya and Labuan pales in comparison. And DBKL is at the veritable centre of the Malaysian urban universe, the great city of Kuala Lumpur.

From the lofty perch of the leafy Bukit Tunku, Damansara Heights and Bangsar, to the stench of the depths of Chow Kit Market, to the frenetic traffic that criss-crosses Kepong, Jinjang and, of course, Cheras - that is the empire and fiefdom of the DBKL.

If you believe Syed Akbar Ali of OutSyed the Box and, it is hard to ignore Syed's in-your-face candour and brutal frankness, DBKL practises multiple standards. The level of attentive care and diligence that DBKL displays in Bukit Tunku, Damansara Heights and Bangsar is replaced with abject disdain and neglect in lesser suburbs. That is what he told the Minister last night. The Minister and his aides listened with rapt attention.

But, that point paled in comparison with Syed's pet peeve - the alleged shenanigans of DBKL in the Jalan Masjid India precinct. For that peeve, I shall circumspectly leave to whatever bolts of lightning that good 'ol Syed may choose to throw from his popular blog. I have no doubt that whatever "input" Syed gives on the matter will receive the necessary attention since he gives his views in good faith as a rate-payer.

The governance or, the lack thereof, of Kuala Lumpur is a super high-profile matter. Obviously, the overwhelming number of Pakatan Rakyat MPs in the Federal Territory of Kuala Lumpur is a stern reminder to the Minister that his task is made all the less easy for that matter.

From the standpoint of the ailing rate-payer, the preponderance of Pakatan Rakyat MPs in the Federal Territory of Kuala Lumpur that is being governed under the leadership of an UMNO-BN Minister is a positive tension that should engender better practises by the bureaucratic behemoth that is DBKL. Both sets of politicians from opposite sides of the aisle, so to speak, should put the necessary squeeze on DBKL's bureaucracy. That much still needs to be done in spite of that healthy political tension speaks volumes about the degree to which vested interests have embedded themselves into the DBKL superstructure.

So, our hope is that the Minister will find much common ground with the likes of Wangsa Maju MP, YB Wee Choo Keong and Lembah Pantai MP, YB Nurul Izzah Anwar, to place DBKL under intense scrutiny. That level of positive political cooperation can only benefit the ratepayers. And, it is a healthy competition for their voting sympathy.

I wish the Minister all the best in his heavy task and, I hope that he will reach out to the other FT MPs for the benefit of all ratepayers in Kuala Lumpur.

Monday, November 3, 2008

KL ranked 4th in global emerging markets cities

Kuala Lumpur has been ranked fourth best city in emerging markets in Mastercard's October 2008, Emerging Market Index (EMI). The EMI is based on the following weightage:

Dimension Weightage
1 Economic and Commercial Environment 12.80%
2 Economic Growth and Development 13.80%
3 Business Environment 16.60%
4 Financial Services Environment 10.60%
5 Commercial Connectivity 13.00%
6 Education and IT Connectivity 12.00%
7 Quality of Urban Life 10.60%
8 Risk and Security 10.60%
Total 100.00%.


Mastercard's EMI Kuala Lumpur and Bangkok both placed highly in the region and among the top ten globally due to their strong regional transportation roles and solid growth.

Read the full report here.