Let's Talk about the Singapore - KL High Speed Rail

Поделиться
HTML-код
  • Опубликовано: 7 сен 2024
  • Let's Talk about the Singapore - KL High Speed Rail
    🌐www.alphamarketingsg.com
    📞WhatsApp: +65 8126 1626 / chatwith.io/s/...
    📧Email: ryan.khoo@alphamarketingsg.com
    👥Free Membership Investment Club:
    Facebook: / 138144292918617
    Tiktok: www.tiktok.com/@learnpropertywithryan
    linktr.ee/ryan...

Комментарии • 165

  • @frankiechiuh3401
    @frankiechiuh3401 3 месяца назад +5

    By 2025 there will be a scaled down HSR from JB to KL called ETS. If there can run the ETS with higher frequencies to attract more rider ships, basically you can push back HSR for awhile.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад +1

      But have to switch trains to go SG

    • @viralloger267
      @viralloger267 Месяц назад

      @@frankiechiuh3401 no point making hsr anymore once ets started. Malaysia politic is unpredictable..once change of another PM or goverment then another story..project then again could be cancelled

  • @Raker8833
    @Raker8833 5 месяцев назад +6

    Very useful and informative as always Ryan!! Cheers👍🏼

  • @jo769
    @jo769 3 месяца назад +4

    The KL-Singapore High Speed Rail is a fantastic investment for Malaysia. It will create thousands of jobs, boost local businesses, and attract more tourists. Property values near the rail stations will increase, traffic congestion will reduce, and there will be enhanced business opportunities with Singapore. Economists agree that this project promises significant economic growth, environmental benefits, and stronger regional connectivity. Anyone with a sane mind can see it's a smart, long-term investment.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад +2

      Yes of course it is.

    • @healthytruth1363
      @healthytruth1363 3 месяца назад +1

      EVERYTHING FOR YOU MALAYSIANS....AT SPORE EXPENSE ❗️❗️❗️
      DO YOU THINK IT IS FAIR FOR SINGAPOREANS AS FAR AS HSR IS CONCERNED ❓️❓️❓️
      ALL YOU GUYS CAN THINK ABOUT ....ARE FOR YOUR OWN GOOD WITHOUT THINKING OF OTHERS ❗️❗️❗️
      VERY INCONSIDERATE 👎👎👎👎
      HAVE A GOOD DAY.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад +1

      @@healthytruth1363 errr.... i don't see any argument in your comment about why this is bad for Singapore?

  • @iiuu7866
    @iiuu7866 3 месяца назад +3

    Bro u got a good point because our malaysia railways is too old N transport is too slow. Our malaysia traffic jam is bad even U travel in highways. Waste alot of time. Hsr is good for public especially low income people.

  • @christopherbobin4268
    @christopherbobin4268 5 месяцев назад +3

    I've been up to JB several times in the last few months to look at property: not one property agent could explain the difference between the two rail projects. Thanks for the clarification.

  • @stephenang499
    @stephenang499 5 месяцев назад +4

    HSR is not about the Sultan of Johor being the king to moot this project, in the end financial viability will dictate if this project will take off.....key word is it must make money.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад +2

      read The Edge article on the shortlisted 3 consortiums for HSR. Do take a look

  • @lawungming922
    @lawungming922 5 месяцев назад +4

    Great sharing. TQVM

  • @Fiona20238
    @Fiona20238 5 месяцев назад +2

    Not to diminish what u said, I bought into Puteri Harbour 10 years ago, there were many rosy reports, such as 6-flag theme park etc. now even Hello Kitty theme park and Jem Hotel (Shangri-La) are closed down. So even if it was published on the paper, there is still a high probability it may not happen, even when construction work has started, it can still be stopped. Keep my fingers crossed because my purchase price had gone down by more than half, I am not even calculating the exchange rate.

    • @foolcj9999
      @foolcj9999 5 месяцев назад +1

      this goon is property salesman, of course everything is rosy. otherwise where he gets his commission? all it takes is a change is marco dynamics or agong wakes up on the wrong side of the ivory bed, you are done for the day. there is no certainty in malaysia. all the stupid singaporean thinks malaysia is cheap, but do not know why so. the reason is its govt subsidising the living standards and economy and hence the depreciating fx rate for not being able to keep up with interest rate. whatever you buy in malaysia for ppty, its a sunk cost, dont even think of profit.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад +1

      Sure alot of buyers who entered Iskandar Putri 10 years ago are in a bad situation, affected heavily at the source due to the Malaysian change of government in 2018. If you lost more than half its likely Encorp Marina. But other projects like Teega, Imperia are break even or in the money on pure valuation wise. At this point you might as well wait for HSR to come back again to get some recovery in value

  • @ongernie7216
    @ongernie7216 5 месяцев назад +1

    That project is like walking into quicksand, absorbing you into 6feet underground.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      🤣

    • @ringotan5244
      @ringotan5244 5 месяцев назад

      Only this man(M) spoil the show, if not the project is now moving and a great dream for S & M can come true! How nice ? 👌

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      @@ringotan5244 ya he is troublemaker for Singapore

    • @pgobserver254
      @pgobserver254 4 месяца назад

      There are too many sour grapes in Malaysia who don’t like to see others prosper and very quick and eager to jump in to condemn more people are suffering within their community. That’s lose lose mentality. Maybe they feel hopeless under Malaysia NEP for the last 60 years. 14:07

  • @lilykoh9535
    @lilykoh9535 5 месяцев назад +2

    Great sharing!

  • @khyeap222
    @khyeap222 3 месяца назад +1

    Besides passengers , don't overlook the logistic side.Delivering parcel and other light but high value goods will boost earnings esp during off peak time/period

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      Yes. Do they use HSR for courier in other places?

    • @khyeap222
      @khyeap222 3 месяца назад

      @@AlphaMarketingSG We will be the first....Think out of the box
      😆👍Problem is ...they just stop thinking...like Malaysia Airline System n MAHB

    • @khyeap222
      @khyeap222 3 месяца назад

      Besides could implement high but viable land surcharge for areas surrounding all the stations that will be benefiting from this hsr devpnt..

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      @@khyeap222 that will be part of the financing solution. Like MTR in Hong Kong

  • @xiaomashitu
    @xiaomashitu 5 месяцев назад +2

    Hope HSR can happen soon

  • @ipohboy
    @ipohboy 3 месяца назад

    Project is good. Let’s hope the maintenance is also up to par for the safety and speed of systems in Japan.

  • @Jeff-sm8of
    @Jeff-sm8of 5 месяцев назад +1

    With the major ports and land bridge infra structure developments in south thailand which will short circuit sgp and johor there is a need for us to integrate closely.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      This Thailand land bridge thing still abit of an uncertainty whether there is significant savings. The cost difference is not big vs Suez or Panama canals

    • @Jeff-sm8of
      @Jeff-sm8of 5 месяцев назад

      @@AlphaMarketingSG because of the yangkee military presence in sgp the land bridge is strategic for china. Cost aspect is of lesser importance. Security is of prime importance.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      @@Jeff-sm8of 😅

    • @ringotan5244
      @ringotan5244 5 месяцев назад

      @@Jeff-sm8of wow! That knowledge and wisdom.

  • @ringotan5244
    @ringotan5244 5 месяцев назад +2

    Good news!👌

  • @gusdeng6082
    @gusdeng6082 4 месяца назад +1

    We it real this time. Singapore has yet to be ensured its not another start and stop n stop.

    • @AlphaMarketingSG
      @AlphaMarketingSG  4 месяца назад

      its a 2 step process. Malaysia side has to confirm the model first before talk to Singapore.

  • @mw8080
    @mw8080 5 месяцев назад +1

    hope to hear more developments on LRT from Bt Changar

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      I have another video on my RUclips do check it out. But since that video, nothing new so far.

  • @leeaaron7856
    @leeaaron7856 5 месяцев назад +1

    Thanks for your video. I like the positive vibes you are showing about JB. I know the RTS is a sure thing now and the property owners will most definitely stand to benefit. The HSR however, i have my doubts, especailly when the Malaysian government do not want to financially support it. I see only the Chinese Rail corporation have the financial might to take on this cost. But at what cost are the chinese going to demand? Will the malaysian government agree to their demands? Will it have an impact on the HSR train tickets? Too many questions, too little answers. You dont see the SG government mentioning the revival of HSR at all. Plus, this is a 10plus years project. Will the current Malaysian admininstration still be control? This is the major question. I think JB should stick to doing the RTS project well for now. Think of building an LRT network to link up RTS stn to major parts of JB. This is much better and more practical.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      TQ for your sharing. LRT, HSR are all possible permutations down the road. At this stage, we don't have enough visibility to see what is more likely to happen or be certain of the impact. The operator will very likely be given some land development rights near the HSR stations that they can monetize to recoup costs. HSR proposal has to be finalized at Malaysia level first before they will be sent to Singapore. This time the Malaysia government wants to be sure they can get it funded before signing anything with Singapore

    • @leeaaron7856
      @leeaaron7856 5 месяцев назад +1

      @@AlphaMarketingSG Not forgeting the ECRL train network to come on in 2026 which is a work in progress at the moment. Dont you think the HSR will be redundant with a duplicate ECRL line running parallel to it? Why would a government make a master plan with 2 rail lines in addition to airplane route in a country like Malaysia? Much i like Malaysia to prosper, i wish the government make better long term plans when it comes to infrastructure. Dont waste the taxpayer's money.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад +1

      @@leeaaron7856 ECRL only goes to east coast to KL. Doesn't go down south

    • @leeaaron7856
      @leeaaron7856 5 месяцев назад

      @@AlphaMarketingSG Oh sorry. I meant the electrified rail from Gemas to JB. I thought that was connected to ECRL to KL but maybe im wrong. It seems that there ongoing rail networks in the works by the government, right? RTS, Electrified Rail, ECRL. I dont know how they are linked but it seemed to be a line from North to South. Maybe can correct me if im wrong.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      @@leeaaron7856 ya but that ETS doesn't go directly into SG and though faster than current KTM, is still slower than HSR. So ya abit of a duplication but neither here nor there in terms of time savings vs flight

  • @iiuu7866
    @iiuu7866 3 месяца назад

    Ets always have electric problem as seen from kl rawang, Seremban N even ipoh

  • @ravindrandoraisamy9758
    @ravindrandoraisamy9758 Месяц назад

    Do not talk about HSR… let’s see how far the implementation of VEP goes..😮

    • @AlphaMarketingSG
      @AlphaMarketingSG  Месяц назад

      @@ravindrandoraisamy9758 2 totally different things

  • @frankiechiuh3401
    @frankiechiuh3401 3 месяца назад

    Sorry to say some of the info provided was not correct. You said Guangzhou to Hong Kong is 142km, it is not correct. Guangzhou to Shenzhen is 142km and Guangzhou (HSR East Station) to Hong Kong (Kowloon West HSR Station) is 177km as listed in China’s official media.

  • @tanjunweirs7jd4pu1p
    @tanjunweirs7jd4pu1p 4 месяца назад

    Batu Pahat Stesen at former Yong Peng Restoran

    • @AlphaMarketingSG
      @AlphaMarketingSG  4 месяца назад

      i dont really remember Batu Pahat entire layout clearly haha

  • @hockchweeong9883
    @hockchweeong9883 3 месяца назад

    Singapore Shortage Of Land.
    Now Jurong Already Developed Events Has Changed.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      Not the section for the HSR. Its still there untouched

  • @onexoxtoo
    @onexoxtoo 5 месяцев назад +3

    Malaysia should be more ambitious. Anwar is useless. Najib is bold and ambitious. Build it, go all the way to Padang Besar/Bukit Kayu Hitam.

  • @auleotravel
    @auleotravel 5 месяцев назад +1

    Not too cost justifiable to have another parallel rail to current KTM/ETS.
    Even if to build, this high speed rail must have a stop at KLIA either Terminal 1/2, to have the mindset of aero city , to compensate the lost in KL-SG flight (MAS & AA) .

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      KTM/ ETS doesnt link to Singapore which is a very important factor to get load. Im not sure about connecting to KLIA. Maybe I guess

    • @auleotravel
      @auleotravel 5 месяцев назад +1

      ETS link indirectly via JB Sentral to Singapore . JB Sentral should/would have pedestrian bridge linkage like the one linked to RNF mall, to the cross border rail.

    • @auleotravel
      @auleotravel 5 месяцев назад

      Connection to KLIA or not is like Taylor Swift Concert. See if Spore gov would sponsor how much in exchange the high speed rail plan rail alignment ( for Changi competitiveness) , and If Spore don't stay connected in this high rail network, could lose out in long run..

    • @onexoxtoo
      @onexoxtoo 5 месяцев назад +1

      Singapore specifically denies Malaysia to build a HSR station at KLIA as it may take away Changi passengers.

    • @auleotravel
      @auleotravel 5 месяцев назад +1

      @@onexoxtoo It should be of Malaysia own domestic interest to link direct or not to KLIA. Same applies whether Thailand high speed rail will link to Bangkok airport or not. 😊😊

  • @frankiechiuh3401
    @frankiechiuh3401 3 месяца назад +1

    RTS is an LRT…….. not MRT.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад +1

      For easy interpretation as LRT in SG is very different from LRT in MY

    • @kctoh6171
      @kctoh6171 3 месяца назад

      It was initially plan as MRT but in the latest version it was scale down to LRT (less load compared to earlier plan)

    • @eugenelim5502
      @eugenelim5502 3 месяца назад

      It's a just terminology. Main thing is the RTS link to woodlands North MRT station and all 120 MRT stations in Singapore

    • @viralloger267
      @viralloger267 Месяц назад

      Lrt for singaporean is like small monorail in sg. Mrt is proper lrt in kl

  • @viralloger267
    @viralloger267 Месяц назад

    No point making hsr again. Ets jb to kl starting next year

    • @AlphaMarketingSG
      @AlphaMarketingSG  Месяц назад

      @@viralloger267 ets still takes 4 hours to kl

    • @viralloger267
      @viralloger267 Месяц назад

      @@AlphaMarketingSG not 4hours. Around 3hours..at the end it gets u there. No point wasting money on redundant project. In future im sure the ets can be driven at a faster speed.

    • @AlphaMarketingSG
      @AlphaMarketingSG  Месяц назад

      @@viralloger267 the problem with 3-4 hour drive, is that it is not much difference from currently driving. Im sure it will help but the speeds need to be brought up to at least flight travel times to make it really competitive

    • @viralloger267
      @viralloger267 Месяц назад

      @@AlphaMarketingSG as i said its a redundant project. Bear in mind there will be a massive maintainence cost. Im sure the ets train will improve in future and can travel to a higher speed. And would cut the time to less than 2 hours in future. U cant compare driving a car with a train bro. Its not logic. Coz during festive season a train could travel for 2-3 hours. But car can be stuck in jammed for 10hours

  • @8spores
    @8spores 2 месяца назад

    DOA

  • @hangtuah2.036
    @hangtuah2.036 3 месяца назад

    😅 The idea is great 👍 but implementing it is a humongous task. Msia has a government famed for making U Turns and political wrangling. And every issue can be racialised, especially when SG is involved.
    One can talk till the cows come home but the racial element never disappears.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      ya im sure we have to factor in some implementation risk considering this is a large project

  • @choonhockong8215
    @choonhockong8215 5 месяцев назад +4

    Would benefit Malaysia more than Singapore. More Malaysian, especially pmets, will be working in Singapore and spending in Malaysia. More competition for Singapore locals to compete with the Malaysian ,Ceca Indians and other pmets from other countries.
    If I were a Malaysian I will buy more properties in Malaysia near the HSR and make a daily trip to Singapore to work and in the evening return back to Malaysia. Poor Singaporeans have to put up with high costs of living, high property prices, expensive food, utilities, education, etc. Singaporeans of next generation will suffer. Johore will be the biggest winner.
    Smart Singaporeans better try to get Malaysia PR status.

    • @leealex24
      @leealex24 5 месяцев назад +1

      HSR won't benefit Malaysia as a country as well.

    • @jefri4176
      @jefri4176 5 месяцев назад

      Commuting daily using hsr won't be cheap,it's not your cheap normal bus/train ride 😅

    • @jefri4176
      @jefri4176 5 месяцев назад

      ​@@leealex24why not? More Singaporean will flock to Malaysia and send their SG dollars in Malaysia. It will benefit Malaysia more in the long run.

    • @leealex24
      @leealex24 5 месяцев назад

      @@jefri4176 No, you only see from one angle and I see from many others. I hope it will never ever happen and I could be right. Even if it will happen, it will only formally start 2-3 years from now, and another 5-6 years to construct. If you're a professional in your 30's/40's, it doesn't matter as my life already all planned out in KL.

    • @jefri4176
      @jefri4176 5 месяцев назад

      @@leealex24 correct me if I am wrong,what's your argument that it won't benefit Malaysia. Why not? Have you tried hsr in other countries like Japan,Korea,Taiwan?

  • @Man-gw6gy
    @Man-gw6gy 15 дней назад

    Another megaproject HSRto BANDAR maglev 500 should be built tobe called TRANSRAPID 500 kmperhour Linking SENAI direct to BANDAR MADANI( Bandar Malay ASIA) to be owned entirely by Malaysia Airlines...

  • @lollipolli73
    @lollipolli73 3 месяца назад +1

    You cannot compare Indonesia and Thailand of their domestic rail they are building within their own country and you cannot compare between Malaysia and Singapore as we are different entity and is not the same.

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      Compare what? Cross border rail links are not new. Europe has lots of high speed rails crossing multiple countries. There is a high speed rail service between Paris and London that goes under the English Channel.

  • @sc5252
    @sc5252 Месяц назад

    Don't care about hsr la! Malaysia no money, talking about hsr for what? Where's the money to build and operate?

  • @ricohflex777
    @ricohflex777 5 месяцев назад +2

    Stop talking rubbish about the SG to KL HSR when you do NOT know anything. This is NOT a good deal for SG. By the way, Mahathir was correct to scrap the HSR because it duplicates an pre-existing North to South railway track the KL to Gemas & Gemas to JB Electric Train Service (ETS) Rail line. This is extremely wasteful to build 2 parallel rail lines. The HSR is not going to run at top speed of 300 KPH. Typically it will run slower - which is only slightly faster than the existing ETS railway. Why you say 50%/50% cost share? That is ridiculous.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      SG government sign HSR last time if its not a good deal?

    • @ricohflex777
      @ricohflex777 5 месяцев назад

      ​@@AlphaMarketingSG Yes it was a bad deal. More than 96% of the track is in Malaysia. Less than 3% in SG. There is no way for 50%/50% cost bearing to be fair. That applies to the rolling stock cabins too. Poor Little SG is subsidizing its giant neighbour. Malaysia is not content to rip off SG. Malaysia also wants to remove the Assets Company so as to award tenders corruptly.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад +1

      @@ricohflex777 i already covered in my video the track cost in each country is borne by the own country. SG does not pay for MY track costs. Do read the details

    • @ricohflex777
      @ricohflex777 5 месяцев назад

      ​@@AlphaMarketingSG You did say 50%/50% in the video. Rosli Khan commented. Quote { Singapore, on the other hand, appears to be keen on the HSR. If so, why not just let them undertake the project on our behalf? They can plan and build it themselves. } Un Quote. Straits Times comment { Prime Minister Anwar Ibrahim's administration has said it is open to reviving the HSR, but it will not pay for the 350km-long line, which is estimated to cost over RM100 billion (S$28 billion). } UnQuote. There are many tricks such as cost escalation to become multiple times of estimate. Compensation to Malaysian landowners where HSR track runs, Regulatory Costs imposed by Malaysian States. Track costs? Only refers to the metal track. But the massive civil engineering costs in Malaysia before track can be laid? SG has to pay? Malaysia is NOT trustworthy. Why do you think Japan rejected taking part in the HSR project?

  • @wwc7134
    @wwc7134 4 месяца назад

    Can trust malaysia’s maintenance ? 😂

    • @AlphaMarketingSG
      @AlphaMarketingSG  4 месяца назад +2

      Malaysia have MRT many years already. No major issues on maintenance

  • @rosetzu_nagasawa
    @rosetzu_nagasawa 5 месяцев назад

    and then the ALLAH SOCKS happened.
    Does Malaysia know what that does to international investors???

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      let the courts handle it. If you let extremists affect you, you shouldn't invest in US just because of the Ku Klux Clan

  • @kctoh6171
    @kctoh6171 3 месяца назад

    Speak so fast like high speed rail😅

    • @AlphaMarketingSG
      @AlphaMarketingSG  3 месяца назад

      😄

    • @jahloman2127
      @jahloman2127 2 месяца назад

      ... in 'Settings', I set the language speed to '0.75' and it was perfect listening to my American ears👂🏼
      🗣️👍🏼

    • @AlphaMarketingSG
      @AlphaMarketingSG  2 месяца назад

      @@jahloman2127 haha sorry bout that

  • @Searth63
    @Searth63 5 месяцев назад +2

    ..the Vision is Noble, However from Real Experience, the State of Property Management in Johor is Poor.
    Does Ryan Dare to Highlight the many many Abuses of Powers by Property managers,
    Committee Members in Johor - so as to improve the Situation.
    Many Overseas Buyers of Iskandar Properties are Dissapointed by the State of Maintenance,
    by the management and the Subtle but Nagging Corruption.
    Authorities Enforcement remains Poor, too.
    Puteri Harbour,
    Why did Jen Hotel Stop Operating
    Why did Southern marina Stop building the 3rd Block
    Why One Deh 15 Pull Out.
    In 2013, many were fooled by the Media Hype.
    Are the Public now, aagain being fooled ?
    PM Me for a Serious, but Constructive Discussion please.
    Thank You

    • @leealex24
      @leealex24 5 месяцев назад +1

      JB is pretty bad. KL is pretty high standard, even world class.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      Of course there are some bad cases but I think overall property management in JB is ok. I can name bad ones in KL too if you wanna compare

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      Alot of Puteri Harbour issues can go back to the master developer haha but I can't say too much without being accused of libel

    • @leealex24
      @leealex24 5 месяцев назад

      @@AlphaMarketingSG I think JB needs to improve further to be more liveable. KL/Klang Valley is kindda expected as it's the richest part of Malaysia, and the capital city. It's the same in all countries.

    • @AlphaMarketingSG
      @AlphaMarketingSG  5 месяцев назад

      @@leealex24 I just got back from KL today and prior to Singapore I lived in KL for many years. Of course KL has its plus points but I don't think JB is worse off than KL. And JB today is alot more live-able than 10 years ago. There are many suburbs now that are really thriving with lots of lifestyle options. The big three are Austin, Sutera and Bukit Indah/ Eco Botanic

  • @Man-gw6gy
    @Man-gw6gy 15 дней назад

    Another Megaprojject HSR Linking BANDAR MADANI to MUTIARA CITY CENTRE should be built to be called MAGLEV TRANSRAPID 500 tobe entirely owned by AIR ASIA