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NEWS UPDATES Asean Affairs   27 June 2013  

Brunei investor pours RM30m into Labuan hotel complex

LABUAN has received a whopping RM30 million investment from a prominent Brunei investor for the construction of an international standard hotel and textile complex.

It is the largest investment to date and is expected to enable the island to regain its glory from the '80s as the hub of fabric and branded clothes.

Speaking to Bernama yesterday, Labuan Corporation (LC) chairman Datuk Yussof Mahal said the investment augured well for the development of the island.

"LC has given the nod for the investor to commence construction after the building plan was submitted and necessary requirements fulfilled," he added.

He said construction of the five-story hotel, with the attached fabric complex, would be built at downtown Jalan Dewan.

"The prime land, leased to the hotel, is expected to generate revenue for LC, and at the same time, help create employment opportunities to boost economic activities," he added.

Labuan is now focusing on tourism to increase revenue with various strategies in place to woo more tourists to visit the island.

Yussof said Labuan had also been seeing increasing tourist arrivals every year but the pace of growth was too slow.

"There are a lot of things that need to be done for Labuan to get the attention of people, both at home and overseas.

"It is imperative though that we look into the various facilities and programmes that we can offer," he added.

He also commended Malaysia Airlines for offering two additional flights to Labuan since June 15, from its existing two.

"This will help Labuan receive more visitors in the long run," he added.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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