Port Klang Authority

KUALA LUMPUR: A Dubai-based company Oilfields Supply Centre Ltd (OSC) is developing part of Port Klang Free Zone (PKFZ) as an oil and gas (O&G) hub in the Southeast Asia region.

According to sources, OSC would bring in its joint-venture companies as well as other units into the free zone area to set up operations and make PKFZ a hub for upstream O&G manufacturing and supply services activities.

“The development plan will probably be completed in three to five years, bringing in some RM1 billion worth of investments,” a source said.

The Port Klang Authority (PKA) is treating Kuala Dimensi Sdn Bhd, the land owner and contractor of the controversial RM4.6 billion Port Klang Free Zone (PKFZ), as an unsecured creditor.
The port authority is also willing to hand over the project to Kuala Dimensi to reduce its losses. PKA had paid RM510 million to Kuala Dimensi last year and another RM360 million is scheduled to be paid on June 30. Another RM300 million is due in July.
PKA's newly-appointed chairman Datuk Lee Hwa Beng says he would be "personally happy" if they can take back the whole project.

PORT Klang Authority (PKA) general manager and chief executive officer Lim Thean Shiang is the new chairman of subsidiary Port Klang Free Zone Sdn Bhd, the manager and marketer of the Port Klang Free Zone (PKFZ).

He will serve a two-year term beginning June 23 2008. Lim replaces Datin Paduka O.C. Phang who had tendered her resignation on the same day.

The Ministry of Finance (MOF) is expected to release the findings later this week of a special audit to determine the actual cost incurred in developing the Port Klang Free Zone (PKFZ) at Pulau Indah, Selangor

Pricewaterhouse Coopers (PwC) conducted the audit.

“We have written to the MOF. It is supposed to give us the report this week. We are still waiting for it,” said newly-appointed Port Klang Authority (PKA) general manager and chief executive officer Lim Thean Shiang at his first press conference in Port Klang yesterday.

PORT KLANG: Kuala Dimensi Sdn Bhd, a company associated with Wijaya Baru Global Bhd, will get its first scheduled payment of RM660 million for the construction of Port Klang Free Zone’s (PKFZ) infrastructure and facilities following the verification of work by auditors PricewaterhouseCoopers (PwC).

Of the RM660 million, Port Klang Authority (PKA) will pay Kuala Dimensi RM360 million on June 30 while the balance will be paid in July after finalising the soft loan agreements with the government.

Kuala Dimensi was the turnkey contractor for PKFZ’s infrastructure and facilities which included warehouses, light industrial units, office complexes, a customs complex and a business class hotel.

PORT KLANG: The move to reduce the free storage period for containers at Port Klang from the current five days to three days has been postponed to Jan 1 next year.

Port Klang Authority (PKA) chairman Datuk Lee Hwa Beng said the move aimed at boosting Port Klang’s image as a world-class port was gazetted by the Cabinet in August last year and was supposed to be implemented on July 1.

PETALING JAYA: Port Klang Authority’s (PKA) new general manager Lim Thean Shiang has been made the executive chairman and chief executive officer of Port Klang Free Zone Sdn Bhd (PKFZ) with effect from June 11, taking over from Datin OC Phang.

SHAH ALAM: PricewaterhouseCoopers will be appointed to conduct an independent overall audit on the accounts of the Port Klang Free Zone (PKFZ) project.

Port Klang Authority (PKA) chairman Datuk Lee Hwa Beng said he proposed PricewaterhouseCoopers to PKA’s board of directors at their meeting yesterday and the board had agreed.

PETALING JAYA: The Port Klang Authority (PKA) will undertake a house-cleaning exercise and go back to basics to what it is supposed to be – a regulatory body and safeguarding its revenue.

This is the ambitious task of its newly-appointed chairman, Datuk Lee Hwa Beng (pic).

A revamp of both the PKA and the Port Klang Free Trade Zone (PKFZ) boards is in the pipeline, and it is learnt that Westport’s Tan Sri G. Gnanalingam has tendered his resignation from the latter.

(布城）交通部長拿督翁詩傑週五（5月2日）指示新任巴生港務局主席拿督李華民在下週委任一家獨立專業會計公司，全面稽查巴生港口自貿區的賬目。

他說，交通部此舉是為了確保在過去一年鬧得沸沸揚揚和備受傷害的自貿區能夠繼續下去。

他在主持部門內閣匯報會後，在一項新聞發佈會上說，他將會把46億令吉的議題還原真相，並讓納稅人清楚46億令吉的流向。