Word: port
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...ARTS Movies: Jiang Wen Books: Port of Last Resort When I Was a Young...
...business and strictly applies them. He surrounds himself with professionals and leaves them to manage. "If the contract is over $100 million, I will show it to him, just to make sure he knows," avers Mohamad Sidek Shaik Osman, CEO of the flagship of Mokhtar's empire, the container port at Tanjung Pelepas (PTP). "Anything less than that he trusts me to take care...
...Indeed, the port is evidence Mokhtar can compete with the world's best and win. In 2001, PTP lured Maersk?the world's largest shipping line?away from the super-efficient Port Authority of Singapore. And to show it wasn't a one-hit wonder, PTP took away another big prize, the Taiwan carrier Evergreen, earlier this year. "It isn't just about low cost," Sidek says. "You have to be up to global standards and have low cost as well. If a ship comes in and there's no pilot or the cranes break down, I'm finished. There...
...Pernas, which owns businesses ranging from Malaysia's largest security company to the Pan Pacific chain of hotels. Analysts say Mokhtar is consolidating his publicly listed holdings under the wing of diversified investment holding vehicle Malaysia Mining Corporation (MMC), which is also taking control of the privately held container port company PTP. Controlling stakes in all three public companies were either bought from the government or with its backing in the past few years, albeit well above the market rates and sometimes against other bidders...
...falling out with the Prime Minister. Associates say Mokhtar's ambitions extend to nothing less than turning his adopted hometown of Johor Bahru into a second Singapore by spending millions of dollars upgrading the roads and water supply, developing every inch of the 2,000 acres on which the port sits?the goal is to double or treble current capacity?and transforming the town's airport into a major air-cargo hub. Mahathir and one of Mokhtar's lieutenants made a conspicuous detour to visit the Federal Express headquarters in Memphis during the Prime Minister's triumphant visit...