About Us

Chairman's Statement

It is our vision to be the leading integrated provider of infrastructure and utility services, lead and achieve a global presence in the industries we operate

GROUP'S FINANCIAL PERFORMANCE

In 2010, Kumpulan Perangsang Selangor Berhad (Perangsang Selangor) Group overall financial performance in terms of revenue registered an increase of RM 86 million or 25% as compared to 2009. The significant increase in revenue contribution was mainly from:

Property Development and Management sector
Infrastructure and utilities sector
Trading sector

On the restructuring of the water assets in Selangor, more than three years have passed and the situation has remained a stalemate to the agony of many. Perangsang Selangor's holding company, Kumpulan Darul Ehsan Berhad (KDEB) has been entrusted by the Cabinet on 5 February 2008 to lead the water consolidation in Selangor. The Cabinet's decision on 16 January 2008 to approve the consolidation of the water industry on a holistic manner in Selangor, Wilayah Persekutuan Kuala Lumpur and Putrajaya to be led by KDEB is in line with the water reform policy. The key basis of the restructuring was presented in Parliament consisting of three components:

a company that is owned or controlled by the State government
a water service operator licensed under the National Water Services Commission (SPAN) Act.
a company operating on asset-light model focusing on improving efficiency and effectiveness of service based on license agreement and KPIs monitored by the SPAN.

The State had already spent almost RM15 billion in the past for water treatment plants, dams and distribution works and other immovable assets, as compared to RM5 billion by private operators. KDEB, as the holding company of Perangsang Selangor; through its subsidiaries is poised as a well-established water player with a strong track record. Hence, we are very committed to resolve the present standstill, which requires cooperation from all parties involved to achieve a mutually beneficial settlement. It is most critical that the consumers' interest is placed above sole commercial interest, as water does not belong only to one entity but it is a shared commodity by every member of the society.

The Group's property development and management sector, Hartanah Selangor will continue to promote Pulau Indah, Klang as an investment of industrial land in Selangor Halal Hub Pulau Indah (SHHPI) area. Perangsang Selangor is actively in negotiation with various parties to attract more local and foreign investors by setting up of halal research laboratory, halal packaging facility, halal storage facility and halal promotion and marketing services. Other property development plans, include the development of 9.6 acres of land at Section 14, Petaling Jaya into shop offices, small office -home office (SOHO), office tower and serviced apartments.

Last but not least, Perangsang Selangor's has implemented the ‘Selangor Graduate Stimulus Program’ as part of our Corporate Social Responsibilities to equip graduates with enhanced knowledge, self-esteem and boost self-confidence of graduates in Selangor to gain employment, start own business, reduce the unemployment rate of graduates in Selangor. A series of training courses in Graduate Skill Development Certificate Program, Young Entrepreneur Development Certificate, Islamic Banking & Finance Certificate, halal management & Operations Certificate and Information technology related courses will be offered to the Selangor graduates.