14  theSun | WEDNESDAY NOVEMBER 4 2009

business

Sony launches high-definition IP network security cameras

by Alyaa Alhadjri Fujii Akio. and visibility, as well as the ability
[email protected] “This year, SD products repre- to pan 360 degrees while capturing
sented 72% of the market while and streaming HD video at up to 30
PETALING JAYA: Sony Malaysia yes- HD took up the remaining 28%. By frames per second.
terday officially launched the latest 2013, the figures are expected to “Some of the cameras’ unique
addition to its security solutions be level at 50% each – signifying a features include a visibility enhancer
range – SNC-RH124 and SNC-RH164, shift towards the HD market,” said that delivers images in challenging
the industry’s first high-definition Akio during the launch held at a lighting conditions; Dynamic Noise
(HD) pan-tilt-zoom IP network secu- hotel here. Reduction (XDNR) that eliminates
rity cameras. Akio attributed the inevitable image blur during low-light capture;
The security sector, which covers change to the fact that “security and advanced Distributed Enhanced
both the traditional analogue and sector is the last stronghold of SD” Processing Architecture that helps
IP network-based products, has a and almost all LCD panel displays to render dual streaming images in
worldwide market worth US$8 bil- are already in 16:9 HD standard. HD,” explained Franklin during his

SAIFUL HIZAM MANSOR/THESUN

lion (RM27.2 billion). “SD content projected on a product presentation.
“While the analogue market is HD screen will cause the images To complement the HD security
forecast to grow at a steady rate displayed to be pillar-boxed and cameras, Sony also unveiled its HD
of 4% for the next five years, the distorted as it will be stretched to recording solutions to expand exist-
IP market which is further divided fit the screen settings,” said Akio. ing video security systems during
into standard definition (SD) and Sony product manager, security the event.
HD products is forecast to grow at solutions Asia Pacific, Mark Franklin The SNC-RH124 and SNC-RH164
27% for the same period,” said Sony said that the SNC-RH124 and SNC- pan-tilt-zoom cameras as well as the
Malaysia general manager for busi- RH164 were created with 10x optical encoders are currently available in
ness to business solutions division, zoom, resulting in increased clarity stores nationwide. Akio at the launch of Sony HD PTZ IP network securities cameras.

Significant success in
Islamic finance, says PM
by Tim Leonard depth and breadth of the marketplace.
[email protected] “In terms of size, Malaysia’s Islamic capi-
tal market had reached RM803 billion as at
KUALA LUMPUR: Malaysia has achieved end-August 2009, representing 54% of Bursa
significant success in Islamic finance by any Malaysia’s market capitalisation,” said Najib.
measure, says Prime Minister Datuk Seri Najib “Sukuk has also maintained its dominance
Abdul Razak. in the Malaysian bond market, accounting for
The premier said as of the end of this 58% of the total bond market.
year’s second quarter, Islamic financial service Najib also said that the government has set
accounted for close to 19% of total banking as- out plans under the ‘Shaping Islamic Finance
sets with total financing amounting to RM155 Together’ initiative to position Malaysia as an
billion and constituting 15.5% of the banking international Islamic financial centre.
industry’s total financing portfolio. He also said that Malaysians cannot simply
“Tremendous growth was also experienced be observes but must be activists working
in the takaful sector in which fund assets together in this dynamic phase of Islamic
registered an increase of 19% for the same pe- financing development in the country.
riod,” said Najib, in his keynote address at the The Islamic Finance Forum, to be held until
6th Annual Kuala Lumpur Islamic Finance Nov 6 at Nikko Hotel Kuala Lumpur, is aimed
Forum yesterday. at bringing together scholars, practitioners
“Malaysia’s Islamic capital market is one of and industry players in Islamic banking and
the most outstanding and has been growing at finance to jointly participate in exploring and
exponential rates with the full complement of unlocking the potential of the industry, besides
products, infrastructure, institutions, interme- discussing mechanisms to further enhance
diaries and investors, all contributing to the the sector.

1st Avenue to
249 swimming pools open in Penang
under one roof next year
by Opalyn Mok
PETALING JAYA: KL Metro Group, the developer of the [email protected]
award-winning Legend International Water Homes in Port
Dickson, has created a record of constructing 249 swim- GEORGE TOWN: Penang is set
ming pools under one roof. to have another new-concept
Its managing director, Datuk Low Tak Fatt, said the shopping mall with the im-
company will list its achievement in the Malaysia Book of
minent opening of a RM300
Records.
million shopping mall right next
“The achievement also marks a national feat for the
to Prangin Mall and Komtar by
local real estate and construction sector,” said Low.
“There are 249 units of floating houses in the second the third quarter of next year.
phase of the Legend International Water Homes project The retail complex, 1st
and we decided to build a swimming pool for each unit Avenue, is jointly developed
because most of our buyers wanted privacy and the luxury by three property and retail
of owning their own pool,” said Low. heavyweights; Asian Retail Mall
The second phase was launched on Nov 1 and all 249 II Limited (ARML II), Belleview
units have been snapped up. Among the buyers are foreign- Group and Lion Group.
ers. Ungku Suseelawati Ungku
The first phase comprising 329 units were sold out more Omar, regional head of retail
than a year ago. (South East Asia) of DTZ Deben-
The property also won the CNBC International Property ham Tie Leung (M) Sdn Bhd, the
Award in London in 2007. project’s leasing agent, said the
Low said KL Metro will continue to build award-win- mall will have about 300 units of
ning houses to meet the high demand for niche properties retail shops.
in the country. “Apart from Parkson Depart-
He said the company will embark on its next project, ment Stores, which is the anchor
the Hibiscus Water Homes in Teluk Kumbar, Penang early tenant, we also have four junior
next year. tenants lined up for the mall,”
The only other development in Malaysia to have large she said during a press confer-
number of swimming pools under one roof is the One KL ence before the official launch
development in the KLCC area. of 1st Avenue and signing of
Comprising 94 units of luxurious condominiums, One anchor tenancy agreement with
KL, developed by One KLCC Sdn Bhd, pioneered the ‘one Parkson at Traders Hotel yester-
apartment, one swimming’ pool concept. day morning.