Discovering Malaysia’s YB Tan Sri Dato’ Lee Shin Cheng And The Value Of The Oil Palm

wealthymattersMe? I love visiting malls and market-places and make it a point to visit them every place I go. Nothing gives me a better understanding of the local people and visitors, their likestyle, likes, preferences and aspirations than visiting malls and marketplaces.

Visit Malaysia, and if you are anything like me at all, its unlikely you’ll not likely take in the IOI City Mall. Pause to ask what is IOI ? And you will hear of IOI Corp Berhad, the largest producers of oil palm related products in the world and the name behind many real estate developments in Malaysia and of course of Tan Sri Dato’ Lee Shin Cheng, the oil-palm king, the man behind it all. Dig deeper and you will hear the very inspiring story of his life. Read more of this post

An Interesting Business

wealthymattersThis is an interesting case I came across in today’s ET.I have no inside information’s, so no comments.The developments should interest would-be real estate developers in India.

A Canadian businessman of Indian origin, Alnoor Jamal, has accused both the sons of Maharashtra industries minister Narayan Rane and Mumbai-based builder Shobhit Rajan, among others, of ‘cheating’ him in a property-related issue.

In a petition filed at a metropolitan court in Mumbai, Jamal alleged that 13 acres of land he bought from Parke Davis in 1999 have been misused and a part of it was sold by his business associates to Nilesh Rane and Nitesh Rane without his knowledge at much-below market rates. The petition, which was reviewed by ET, alleges that the NRI businessman and Rajan had initially agreed to develop the property — located at the Sakinaka area, near the international airport — by investing . 2.5 crore each. They formed a company named Pantheon Infrastructure, formerly A-Class Builders, for the purpose. Read more of this post

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