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from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Sept 29 (Bernama) -- Main market-listed Eastern and Oriental Bhd is well prepared and poised for its next cycle of growth after having achieved robust profits, increased revenue aand record sales, said Executive Director Eric Chan Kok Leong.

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He said the financial year ended March 31, 2010 saw a remarkable turnaround in performance with the group returning to the black with a profit-after-tax of RM74.4 million against an after-tax loss of RM32.10 million recorded in the previous financial year.

The group continued to achieve a solid performance in the first- quarter of the current financial year ending March 31, 2011 with profit-after-tax increasing to RM12.1 million, up from RM5.7 million registered in the same period last year.

soccer jerseys "The group's cash and gearing positions are very healthy at half a billion ringit," he told reporters here today after the company's annual general meeting.

Chan said property development projects would contribute a major portion of its group revenue in years to come.

The company is also involved in two other core business activities of property investment and, hospitality and lifestyle.

He added with E&O's brand presence and balance sheet strength, the company would concentrate on the execution of eight projects and the development of its 520 hectares of prime landbank collectively amounting to RM4 billion in gross development value.

Chan also said this would include the construction of two recently-launched projects namely St Mary's Residences in Kuala Lumpur and Quayside Seafront Resort condominiums in Seri Tanjung Pinang, Penang.

Four projects, worth RM2 billion, Wallets Bags Replica would be located in Penang and the rest in the Klang Valley.

Chan said the company would remain focused on developing properties in the prime areas of the Klang Valley and Penang as regional markets were not the company's top priority for now.

Copyright 2010 Bernama

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PENANG's retail and dining scene is set for a fresh wave when Eastern and Oriental (E&O) Bhd unveils its first retail outlet.

The sea-fronting Straits Quay retail marina enclave, which covers a net lettable area of 270,000 sq ft, which will be operational by the end of November.

It is expected to raise the bar for the island state, as efforts are being made by its developers to place the mall on the tourism map.

The mall which is made up of three levels and will accomodate 100 tenants, forms a component of E & O's waterfront development Seri Tanjung Pinang which is located at Tanjung Tokong on the island.

Besides boasting the entry of new local and international brands into Penang at Straits Quay, E & O is also looking to set up Penang's first performing arts centre at the same site.

Rolex Watches "Negotiations and discussions are underway at the moment to set up a performing arts centre in collaboration with one of the foremost performing arts proponents in the country," E & O Bhd executive director Eric Chan Kok Leong told Business Times.

He also said that an arts and crafts enclave is also under negotations which is set to showcase Malaysian works, with a special emphasis on Penang craftsmen.

E & O is also set to bring its Delicious Cafe to Straits Quay.

With projected investments of RM5 million, "Delicious at Straits Quay" will serve as E&O's sixth Delicious Cafe outlet and its first foray outside the Klang Valley.

"Future plans include being on the lookout for more prime sites within high-traffic retail areas, as well as the ambition to branch overseas, such as in Singapore," Chan said.

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He said nearly 80 per cent of the prime lots or those facing the marina on the ground floor have been leased.

Among the confirmed tenants are the Melium Group's Aseana Cafe, Cheeky Duck chinese restaurant, Hisago Japanese restaurant, French deli Agua and Italian eatery Marina Aperitivo.

Other confirmed tenants include Finnegan's Irish Pub and Restaurant, an English language education centre, Italian fashion label Versus Versace and home-grown fashion label Bran-et-daguet.

"Straits Quay will be targeting the middle to upper income, family-oriented consumers, as well as Franck Muller Watches local and international tourists," Chan said.

"The marina setting, water limousine as well as the unique complement of outlets and attractions will provide a strong draw for local and foreign visitors," he added.

He said that E & O will be introducing a water limousine service in the future which will establish a strategic connectivity between Straits Quay, the Eastern & Oriental Hotel and Lone Pine Hotel, which are properties owned by the company.

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Give wooden furniture new leas

IT'S a good time of year to give wooden garden furniture some TLC. Restore it to its former glory and it should hold its own against the elements for another year.

Start by giving the furniture a really good clean. Remove any moss, dirt and debris with a stiff brush and then scrub it with a garden-furniture cleaner, or a garden-furniture restorer if it's really weathered - Cuprinol does both.

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. If the furniture has been var-nished and the varnish is flaking off or patchy, sand it smooth and touch it up. If the varnish is beyond repair, you'll need to remove it all, either by sanding it off or using paint stripper and/or a heat gun, being careful not to Bedat & CO Watches damage the wood - and yourself.

. If the furniture's painted, deal with chips, cracks and flaking paint either by sanding them smooth or, preferably, filling and sanding, which will give you a better finish and should stop the paintwork from deteriorating further. You can then paint over the repairs. If the original colour has faded, it's better to repaint the whole piece of furniture to avoid a patchy finish.

. Whether you're painting, staining, oiling or varnishing the furniture, once you've prepared the surface thoroughly, you're ready to apply Abercrombie & fitch the coating according to the manufacturer's instructions. Allow plenty of time for it to dry between coats and work under cover if the weather's poor or changeable. Using quick-drying products will save you a lot of time - and you'll find that they're much nicer to work with.

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Give yourself the red carpet t

THIS summer, Swift Carpet and Flooring has a great choice available at shops in Torquay, Paignton and Brixham.

Why not give yourself the red carpet treatment with prices that will leave you in the black? Just take a look and see what the advertisers on this page have to offer.

House Of Dreams a family business in Paignton where items are not mass produced but hand made are often asked for bespoke mattresses.

As well as selling its own brand products, Abercrombie & fitch there is a wide range of goods including contract beds, electric beds, wooden, metal and memory foam beds, all at low low prices.

Laptop Learning offer personal one-to-one computer training. Qualified staff come to your home and give patient, unhurried training and leave you with the sense of achievement plus personalised notes to refer back to.

Wignall's has Nuance wall panels, the trendy alternative to tiling. The company claims it is easy to install, a no messy grouting, Replica Prada Handbags no mould, waterproof solution for your bathroom, with a 15- year guarantee.

Wignall's also has a huge choice of worktops from laminates to Corian solid surface.

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As well as installations and repairs, it provides boiler upgrades, new heating systems and annual services.

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With many years of experience, the company can help make your dream room come to life.

Half Price Bedz offers a massive range of beds from budget single beds at Pounds 69 to top-ofthe-range memory foam beds.

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Half Price Bedz also carries a large range of furniture for the lounge, dining room and bedroom.

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High hopes for live TV at Pant

WITH a successful "bums on seats" operation like Nottingham Panthers, one can't imagine the Sky television cameras exactly being welcomed with open arms when they turn up at the National Ice Centre today.

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Tonight's Elite League opener against Belfast (7pm) should provide an explosive hockey feast and there could be as many as 5,000 in the arena.

Hopefully, there will be many more watching it live from the comfort of their armchairs. But that's the problem.

Although the league has confirmed a new television deal with the sports broadcaster for eight live prime-time games across the new season, how many fans will now stay at home for their hockey fix? There will be one live game a month, starting tonight, plus, in the other weeks of each month, a magazine show, with highlights from games.

The league has to be congratulated for expanding coverage of their games nationally, and live to boot.

But, bearing in mind the difficulties the camera encounters in trying to follow the three-inch puck around the ice, it remains to be seen how many newcomers to the sport the TV coverage will encourage.

However, unlike the massive sums of hard cash the TV companies fork out to the Premier League and Football League sides to show their games live, the ice hockey teams will get nothing - other than the widespread publicity, of course.

It is no secret that Panthers stop radio programmes from pre- publicising live broadcasts from their games - and with good reasons, too.

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And though the league didn't officially announce that the Panthers v Belfast game would be shown live on Sky until yesterday, it was hardly a revelation as it had been on the telly listings for weeks.

Put quite simply, there will be a number of people who decide not to go to the games because they can see it on TV.

If more newcomers are attracted regularly to games because of what they see on the box, then great. But I doubt it.

Tonight, there may well be a fight or two and for sports viewers not used to such a spectacle in a team game, it will be different.

But the crux of the matter is, if the ten Elite League teams believe this coverage is going to increase their attendances without the support of their own marketing efforts, then they are in for a big shock.

Panthers have far and away the best off-ice operation of all the teams and their increase in attendances and season tickets is testimony to the sheer hard graft they put in.

General manager Gary Moran said: "We have a different approach to the business plan than most teams.

"Sheffield have seen the light and they are now following our lead.

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"But no matter how much preparation you put in, something invariably happens, like a player deciding not to come, and you have to start all over again.

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High Hope for fun run

A LEADING children's charity has called on people to get their running shoes on for a good cause.

The Hope Foundation Longines Hydro Conquest Quartz L3.640.4.56.6 is planning Ireland's first Fairy Wing Fun Run on September 12 to raise cash for Calcutta's street children.

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Through the run the football jerseys charity hopes to build a shelter in India for girls.

Anyone interested in taking part in the 5km run should contact Hope.

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