Federation of Malaysian Manufacturers Visit
JOHOR MANUFACTURERS ATTEND INSIGHTFUL FOREX BRIEFING BY CIMB VETERAN TRADER
Joint WB Land-CIMB effort benefits 60 FMM members and guests at Frontier Industrial Park â€" 6th April 2016
Audience listening to CIMB Regional Head of FOREX, Mr Selva Raj Sinnan
[JOHOR BAHRU, 6 April 2016] Johor-based manufacturers were yesterday given a special briefing on forex trends and expectations of where the ringgit will go vis-à-vis Malaysia’s major trading partners by a CIMB veteran foreign exchange trader at the Frontier Industrial Park in Desa Cemerlang here.
CIMB Regional Forex Head, Mr. Selva Raj Sinnan, had the group of 60 riveted to their seats in his 30-minute presentation where he touched on all the major factors affecting the ringgit’s exchange with the US dollar as well as cross rates with Singapore dollar, Renminbi, Euro, Australian dollar and the Japanese Yen.
The occasion was in conjunction with a special tour by members of the Johor branch of the Federation of Malaysian Manufacturers to Frontier Industrial Park. They were hosted by WB Land Sdn Bhd, the developer of the “gated, guarded and green” industrial park with CIMB as the banking partner.
WB Land, FMM members and guests at the FMM tour of Frontier Industrial Park
The FMM delegation was led by Johor FMM chairman Capt Haji Abdullah Shariff and vice-chairman Mr Eiap Eng Khoon. Many FMM members were seen crowding around Mr Selva Raj with further enquiries after his presentation.
WB Land director Mr Wong Yen Yap hoped that the FMM members found the half-day programme productive and meaningful. “As a developer, we want to do more than just building factories. We wish to be an all-rounded partner with our factory owners and we often look out for opportunities to benefit our customers,” he said.
“We believe that manufacturers keenly watch the forex rates and will find such a talk useful as they plan their business for the months ahead. We are grateful to our banking partner, CIMB, for providing the resources, especially in making it possible for us to hear from a veteran forex trading expert like Mr Selva Raj,” he added.
Besides a tour of the soon-to-be-completed industrial park, the FMM guests also heard from the manager of a German manufacturer, the factors that led to the company investing in a special purpose-built factory at Frontier.
WB Land is a professionally-runned company with a hands-on management team backed by a construction group with a 40-year track record that has shaped Johor’s development scene from the beginning of Johor Bahru’s commercialisation.
In 2014, WB Land launched Frontier Industrial Park (FIP), a secured and eco-friendly 136 acre park located within the matured industrial area in the vicinity of Desa Cemerlang, Ulu Tiram. FIP was awarded a Five-Star Best in Malaysia for Industrial Development from Asia Pacific Property for their “home for industries” concept that showcases 92 semi-detached and detached factories - specialising in built-to-suit units - as well as a central park complete with a gym, jogging tracks and an amphitheater.