Innovation through CSR

En Othman Omar with Mr Saeed Amidi, President of Plug and Play Tech Center Silicon Valley, USA

 Plug And Play Tech Centers provide highly productive atmosphere for the start-ups to grow. The tech centers also provide interaction with investors and business partners. PKNS has set up what is known as an accelerator premises at the MDeC Innovation Centres, Multimedia University (MMU) in Cyberjaya.

The 1,600 sq ft centre, furnished with 20 workstations, is ready for occupancy.

PKNS Identifies RM14 billion worth of new projects

International Aerospace & Science Discovery Centre, SSP2

Dedicated LRT station, Datum Jelatek, Kuala Lumpur

Kelana Jaya Sports City

These world class projects are seen as high-yeild projects from both a financial and brand equity point of view. They are developed either independently or with both local and international strategic collaborators. Profits gained from these projects will provide the funds for PKNS to improve and enhance the Rakyat-centric projects and activities such as affordable homes, maintenance cost and fee subsidies, in addition to the many cause-related philanthropic projects PKNS supports throughout the year in Selangor. 

Green, Integrated & Innovative Cities

PJ Sentral 'Garden City' is a 10-acre integrated urban regeneration project designed to further enhance commercial and economic activity in the new city. PJ Sentral 'Garden City' will consist of elegant futuristic designed towers comprising high-end service apartments, hotels and commercial towers. 

Forecasted at a GDV of more than RM2.6 billion, the iconic development will have a dedicated green lung enhancing the lifestyle of its residents and visitors alike. Adopting the 3R concept of redevelopment, reactivation and restoration, PJ Sentral 'Garden City' is a strategic collaboration with the private sector.    

Urban Regeneration - Kelana Jaya Sports City

 The redevelopment plan of the Kelana Jaya Sports Centre into a world-class Sports City received requests from some 40 interested international and local parties. 17 were shortlisted and have submitted their proposals for consideration. 

Planned as a sports-themed mixed development with commercial and residential components, an arts centre plus an integrated sporting hub, the Petaling Jaya Sports City (PJSC) will have a GDV of RM1.8 billion. 

Urban Regeneration - Datum Jelatak

Located just off the prestigious Embassy Row of Jalan Ampang, Datum Jelatek is a mixed development consisting of four residential towers and an exclusive retail podium. It is expected to catalyse the development in the are and elevate retails value. Datum Jelatek is envisioned as a Green Building Index (GBI) Platinum certified development targeted for completion in the coming years with a GDV of RM800 million.  

Enhancing Corporate Governance & Integrity

 

PKNS has embarked on several initiatives to enhance its corporate governance and integrity. One of PKNS' efforts include a landmark cooperation with Transparency International Malaysia (TI-M) in implmenting an Integrated Corporate Integrity System. It aims to boost PKNS' transparency, accountability, competency and good governance.

Other notable initiatives by PKNS include setting up of the following:

 

Improved Profitability

2009 was an unfavorable year for most property developers, marked by a global economic crisis and the rise of material costs. PKNS however maintained a respectable RM166 million PBT for the year.

The audited account for 2010 recorded RM196.6 million PBT, gearing up to RM400 million PBT for 2011.

RAM Rating Services Berhad had also upgraded PKNS' credit rating from A1 to AA.

Houses in villages repaired, thanks to PKNS, Selangor Times, 2 March 2012

SABAK BERNAM: Dilapidated homes in villages in the district were repaired by the Selangor State Development Corporation (PKNS) as part of its Corporate Social Responsibility last Saturday.

The State subsidiary has allocated RM396,000 to repair and upgrade leaking roofs and faulty toilets for 22 homes and the work is scheduled to be completed by April.

“I’m so grateful for this help as without it my brothers and I might not have a roof over our home soon, especially with the frequent thunderstorms,” said Bagan Terap villager Zamri Sakiman.

Zamri, 39, said their belongings have also been destroyed by the rain which seeps in through the broken roof almost every night.

Living with his three disabled brothers, Zamri explained the difficulties in supporting them and the hardship of saving money for repairs.

“I earn RM600 a month as a security guard and the money is only enough to feed us. We don’t have money for repairs,” he said.

He also pointed out that his disabled brothers tried helping by planting palm trees on an empty plot beside their home.
By selling palm oil to a nearby village, they get an additional RM200 a month.

However, this is still insufficient as everything in their home is falling apart one by one, including electrical appliances like lights and ceiling fans.

PKNS will be building them a new roof, constructing a new bathroom with proper facilities, repairing the piping in their kitchen and painting the exterior walls.

“All these repairs will cost about RM18,000 and are scheduled for completion on Tuesday,” said PKNS administration and development deputy manager Noraida Mohd Yusof.

She said the 22 families were chosen based on references by the Selangor Zakat Board and village heads from six villages in Sabak Bernam.
Among the villages involved are Tebuk Pulai, Bagan Nira, Sepintas, Kampung Tok Khalifah, Jalan Masjid and Bagan Terap.

“We chose the families who really need help, like the disabled and those with a monthly income of about RM300,” she said.

PKNS hopes to improve the lives of these less fortunate families with the repairs.

Noraida pointed out that PKNS will be helping other villagers in other districts to repair their homes after this project in Sabak Bernam is completed.

Also present to launch the event was state executive councillor for housing Iskandar Samad, who was pleased with PKNS’ move.

“I will also be pushing for the state to set up a fund to help repair more homes in the other Selangor districts,” he said.
During his speech, he explained that there were many more villages in the rural parts of Selangor which needed help.
“I hope PKNS will consider adopting this village and give them the guidance they need to improve their lives and social development.”