The IPO will involve 790 million units of which 755 million units will be offered to Malaysian and foreign institutional investors and selected investors at the institutional price to be determined by way of book building. The remaining 35 million units will be offered to the public, eligible tenants of Pavilion Kuala Lumpur Mall and Pavilion Tower, directors and employees of Pavilion REIT Management Sdn Bhd, Urusharta Cemerlang Sdn Bhd, Capital Flagship Sdn Bhd and Kuala Lumpur Pavilion Sdn Bhd at an indicative retail price of RM0.88 sen per unit. Pavilion REIT Management is 51% owned by Urusharta Cemerlang Development and 49% by Urusharta Cemerlang Project Corporation.

At RM0.88 sen per unit, Pavilion REIT Management expects Pavilion REIT to provide a distribution yield of 6.4% and 6.51% for one-month forecast period ending 31st DEC 2011 and for the financial year ending 31st DEC 2012 respectively. Pavilion REIT is expected to achieve a market capitalisation of RM2.6 billion upon listing, based on RM0.88 sen per unit.

Pavilion REIT will have Pavilion Kuala Lumpur Mall and Pavilion Tower in its portfolio. It will be one of the country’s largest listed REITs with its initial property portfolio having a total appraised value estimated at RM3.5 billion. At this moment, Pavilion REIT is looking at asset enhancing at the current Pavilion Kuala Lumpur Mall. The REIT is looking at acquiring assets in the future, including Fahrenheit 88, Pavilion extension and a small entertainment and F&B (property) in USJ, Subang. The construction of the Pavilion extension is expected to start in the first half of 2012 and will be completed in three years.

On the IPO proceeds, the bulk will be used to pay for the acquisition of the initial property portfolio and the rest for working capital and listing expenses. Pavilion REIT Management has forecast the REIT to register a revenue of RM314 million and net property income of RM220 million for the financial year ending 31st DEC 2012, based on the improving tourist numbers and the resilient of the market. For the year ended 31st DEC 2010, Pavilion REIT posted a revenue of RM291 million and net property income of RM203 million.

More details available at HERE.

In the 19 years the FIABCI Malaysia Property Award has been held, Quill Group’s managing director Datuk Dr. Jennifer Low made history by being named FIABCI Malaysia’s first “Property Women of the Year”, while Quill 6 in Kuala Lumpur, developed by Quill Design Group, won an award in the “Office Development” category. UEM Land managing director Datuk Wan Abdullah Wan Ibrahim was named “Property CEO 2011″. UEM Land’s regional city concept for the development of Nusajaya in Johor won in the “Master Plan” category while 10 Mont’Kiara, developed by Sunrise Berhad which has been acquired by the UEM Land group, won in the “Residential (High Rise)” category.

Over 60 developments were submitted this year. There is also a special award for contribution to the nation, and for the first time, a prize in the category of “Sustainable Development”. The winners of this year’s gala are chosen after several levels of selection, including site visits and presentations to a distinguished and independent panel of judges. Each project must have been completed and fully operational between one and five years before entering the competition. Award winners are submitted as competitors in FIABCI 2012 Prix d’Excellence Awards which will be held in MAY 2012 at St. Petersburg, Russia.

Check out the winners of each category in this year’s 19th annual award presentation after the jump:

• Property Women 2011: Datuk Dr. Jennifer Low (Quill Group of Companies)
• Property CEO 2011: Datuk Wan Abdullah Wan Ibrahim (UEM Land Bhd)
• Master Plan: Nusajaya – A Regional City, Johor (UEM Land Bhd)
• Office: Quill 6, Kuala Lumpur (Quill Group of Companies)
• Purpose-Built/Specialised Project: Eco Greens in Setia Eco Gardens, Johor (S P Setia Bhd)
• Residential (High Rise): 10 Mont’Kiara, Kuala Lumpur (Sunrise Bhd)
• Residential (High Rise): Infinity Beachfront, Penang (Hunza Properties Bhd)
• Residential (Low Rise): Bayou Water Village, Johor (Mulpha International Bhd)
• Resort: The Banjaran Hotsprings Retreat, Ipoh (Sunway Integrated Properties Sdn Bhd)
• Retail: Empire Shopping Gallery, Subang Jaya (Mammoth Empire Holdings Sdn Bhd)
• Special Award for National Contribution: Malacca River Rehabilitation & Beautification Phase 1, 2 & 3, Malacca (Focus Architects & Urban Planners Sdn Bhd)
• Sustainable Development: Ken Bangsar, Kuala Lumpur (Ken Holdings Bhd)

The coin’s design draws inspiration from the distinct elements that define Malaysian heritage and culture. The theme Distinctly Malaysia features motifs like the jasmine and hibiscus flowers and weaving patterns of the indigenous people. The motif for the new coins series feature 14 dots representing the 13 states and the Federal Territory, together with five horizontal lines representing the five principles of the Rukun Negara. The new series of coins embodies the latest advancements in minting technology which incorporates improved counterfeit resistance security features. The new metal alloy used for minting has enhanced durability against wear and corrosion. Check out the technical specifications of Malaysia new coins series after the jump:

BNM will work closely with financial institutions, businesses and cash handling vendors to ensure a smooth transition to the new series. Vendors of cash handling machines will be given six months to calibrate their machines to ensure convenience for the use of the new coins.

The commemorative coins available at BNM headquarters and its branches since the launch of this new coins series. The 500,000 sets comprising all the coin denominations with special packaging will be sold in stages to the public at RM10 per set. Besides the coins, BNM also will issue the new Fourth Series banknotes in coming September, to be launched by Malaysia Prime Minister.

Besides the event, you can also like the PC EXPO Facebook page and join their “Like and Win contest” to stand a chance to win up to RM3000!

Below are the schedule of the expo

You may choose from a holistic range of Wealth Management solutions to manage your wealth. Better yet, when you invest in a package of Step Up Fixed Deposit and selected Wealth Management products, you could get complimentary Malaysia XI vs Liverpool FC VIP Match Tickets for 2 (worth RM776) which will be held in next month, an official Liverpool FC Away Jersey for season 2011/12 or other limited edition Liverpool FC merchandise.

You have worked hard. Now it’s time to let your money work harder for you. You may head on HERE to find out more.

In 2010, Zuckerberg’s accomplishments in 2010 are truly outstanding: he cemented Facebook’s status as the biggest social network and one of the hottest Internet companies by surging past 500 million users and began competing head-to-head with Google for Web domination, accounted for 1 in every 4 pageviews in the US. The story behind its success has already become the stuff of legend. He’s one of the world’s youngest billionaires, and recently he pledged to give the majority of his wealth to charity.

Time explains that for connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives, Mark Elliot Zuckerberg is Time’s 2010 Person of the Year.

Meanwhile, the conservative Tea Party political movement was second choice of the magazine’s editors and correspondents, followed by Julian Assange, Afghan President Hamid Karzai and the 33 trapped Chilean miners. Meanwhile in the readers’ poll, more than 382,000 favoured naming Mr Assange as Person of the Year, ahead of Turkish Prime Minister Recep Erdogan and pop star Lady Gaga. Mark Zuckerberg only made tenth place in the poll, garnering less than 20,000 votes.

The Person of the Year (formerly Man of the Year) title is awarded by Time magazine’s editors to the figure deemed to have had the most influence on world events that year – not necessarily in a positive way. Both Hitler and Stalin have won in the past and in recent years, the title has gone to less controversial figures. In 2009 US Federal Reserve chairman Ben Bernanke won it, while US President Barack Obama won it the year before. The annual feature has been a fixture since the 1920s, with the winner appearing on the front cover of Time.

Pay a visit at HERE for more details.

Besides the political status, Michael Bloomberg also lords over the media, finance and fashion capital of the US, and arguably the world. Mayor Mike owns 88% of news and data giant Bloomberg LP. Forbes estimates his fortune at US$17.5 billion. The following is the top-10 list of this year’s ranking:

1. Michael Bloomberg (USA)
2. Silvio Berlusconi (Italy)
3. Vagit Alekperov (Russia)
4. Carlos Slim (Mexico)
5. Saad Hariri (Lebanon)
6. Warren Buffett (USA)
7. Mukesh Ambani (India)
8. Li Ka-Shing (Hong Kong)
9. Edward and Abigail Johnson (USA)
10. Bill Gates (USA)

Billionaires falling from the ranks this year include Oprah Winfrey, Roman Abramovich and Prince Alwaleed Bin Talal Alsaud. You can check out HERE for more details.

Normally i will open the google and search for “Chinese online input”. Then click on first search result link; Chinese Input Method Editor – (IME) – Free Online Tools. This tool allows you to write Chinese on your computer without installing any software. This Online Chinese input editor is based on pinyin. What you need to do is type the Chinese character or sentences, then copy it to your facebook or blog. That’s it!

How to use the tool

• Write pinyin. The pinyin will appear in the right-upper box. In the right-lower box, the tool will propose a list of character corresponding to the pinyin.
• If the first character proposed is the one you intend to write, just press the “space” bar. The character will be displayed in the left editor box
• If the character you want is the 2nd, 3rd, … just press the corresponding key (1), (2) of your keyboard. The character will be displayed in the left editor box
• If the list of character exceed 10, then use the key “Page Down” “Page Up” of your computer.

It’s make your life easy although you not installing any Chinese Input tools on your machine. Hope you enjoy it.

Go to Chinese Input Method Editor

1. eBulding
2. Airzed
3. Arcnet NTT MSC Sdn Bhd
4. Atlas One Broadband Internet Provider
5. Biz Surf – Broadband Internet services
6. Celcom
7. Digi
8. Giga Broadband VDSL
9. Gold Information Systems Wireless broadband provider
10. iDiGi Internet Services
11. iZZi – Mobile wireless broadband, iBurst
12. Jaring
13. Maxis Broadband
14. Metro FON
15. NasionCom
16. Penang FON
17. PutraNet
18. Time Net
19. Time Broadband
20. TMnet
21. TMnet Streamyx
22. Webbit – Time Wireless Broadband
23. ZapZone Wireless Hotspot
24. Netlynx by TIME dotCom Berhad
25. Packet One
26. InfoLient
27. Amax
28. TIME Netlynx
29. UMobile
30. Lightspeed Broadband
31. MyKris
32. ASIASPACE SDN. BHD.

NOTE: Above providers list was just for reference and it might have other service providers in the market.

[Source The Danesh Project and Planet Low Yat]

Citi was expected to play an important role in increasing the flow of funds from the Middle East as it has a strong presence in the Gulf. This licence approval underlines Citi’s continued investment in Asia and its desire to play an expanded role in the local Malaysian capital market.

In granting the approval, the SC had considered, amongst others, the scope of operations that will be established by Citigroup in Malaysia, their stockbroking and capital market experience, expertise, geographical presence and commitment to the Malaysian capital market.

The licence is one of the three stockbroking licences that were available for leading foreign firms under the Budget 2008 measures to strengthen Malaysia’s capital market and encourage greater intermediation of investment flows between the Middle East and Malaysia. Japan’s top brokerage, Nomura Holdings, received the first in SEPT 2009.

There are total of 34 approved brokers in Malaysia and with the latest addition of Citigroup the number will increase to 35. You can check for details of the list of brokers in Malaysia at HERE.