Follow us on Twitter Find us on Facebook

YTL CORPORATION

YTL SUSTAINABILITY

UTILITIES
YTL POWER INT.

CONSTRUCTION
YTL CONSTRUCTION

MANUFACTURING
YTL CEMENT

PROPERTY DEVELOPMENT
YTL LAND & DEV.

REIT
YTL HOSPITALITY REIT
STARHILL GLOBAL REIT

TECHNOLOGY
YTL E-SOLUTIONS

COMMUNICATIONS
YTL COMMS.
YTL BROADBAND

EDUCATION
YTL FOUNDATION
FROGASIA
FROG EDUCATION LIMITED

TRANSPORTATION
EXPRESS RAIL LINK

CARBON CONSULTING
YTL-SV CARBON

ENTERTAINMENT
KL PAC

RESTAURANTS
LOT 10 HUTONG
FEAST VILLAGE
SHOOK! SHANGHAI

SHOPPING
L0T 10 SHOPPING CENTRE
STARHILL GALLERY
WISMA ATRIA
NGEE ANN CITY
RENHE SPRING ZONGBEI
DAVID JONES

HOTELS & RESORTS
YTL HOTELS

ADVOCACY PROJECTS
YTL CCW
EARTH HOUR

REWARDS
YTL PLATINUM PLUS


YTL's Yeoh bullish about year ahead

   
Tan Sri Francis Yeoh

The Star, 25 November 2006

TAN SRI Francis Yeoh, managing director of YTL Corp Bhd, comments on the outlook for Malaysia's economy and the construction industry in an interview with Bloomberg. He also comments on Singapore and Indonesia.

On the Malaysia's economy and construction:

I rather suspect by June next year people will feel very confident about the economy because they will feel money in their pockets.

In the construction sector, our cement and all the construction projects will start to take off in a much more robust manner.

The next three years will be great years for construction companies, because there is such a vacuum of projects, a hiatus of a period of a lack of construction projects. I'm quite sure in the next three years you're going to see tower cranes allover the city and all over the country again.

Also at this point of time, I already felt that the consumer is a bit confident, coming towards Christmas. I'm quite sure over the next three Christmases they will be spending quite a lot of money.

I'm also very confident that the construction industry plus the property sector will pickup. And I think the stock market reaching the 1,000-point is the tip of the iceberg.

There's a tipping point, the economy is moving, it is early detection of the state of the economy over the next three years.

On Government projects:

Bureaucratically, the money is not flowing down. All the projects have been approved. It just took a little bit longer for the money to flow down. I understand many of my peers are getting contracts now. We, too, are having a slew of contracts coming our way.

Those who are involved in this business, I'm quite sure, are also feeling that money is flowing to them, contracts are coming through, and this will be all transmuted into economic growth quite quickly.

On Singapore and Indonesia:

Our projects, just on the land itself, we have already prospered by almost 100% from the day we acquired it. So it is quite rapid, quite hot, the property sector in Singapore.

And I think it will remain so for a while.

Seventy per cent of our revenue now comes from overseas. We are also seeing opportunities regionally in Indonesia now, and also globally, so it's getting quite exciting. We are quite optimistic about YTL's prospects.

We are very confident about Indonesia's economy and its prospects.





Back
 
    

SPEECHES

INTERVIEWS

THE OSLO BUSINESS FOR PEACE AWARD

TRANSPARENT COHERENT REGULATORY FRAMEWORK

PERSONAL AND SUSTAINABILITY AWARDS

TAN SRI FRANCIS YEOH'S BIODATA

 
 

Contact Us | Newsletter | Career | Privacy Policy
Twitter | Facebook
 
Terms, Conditions and Disclaimers
Copyright © 2001 - 2017 All rights reserved.
Powered by YTL e-Solutions Bhd.