oranje Mega Projects all designed to line up wallets of Warlords and their business cronies.
Politicians and Government Officials should use Blue Ocean Strategy and brains to overcome transportation connectivity
Example there is a single lane road leading to a public hospital over a short bridge that has been left ike that for 35 years. Politicians and JKR leave it as that despite heavy traffic and difficulty for ambulance to pass through
Authorities should have spent Rm 1-10 million carving up another lane taking away the sides instead of waiting for Malaysian Plan for mega highway RM billions 27/05/2018 10:14 X oranje Past politician and government just crooks waiting to line up wallets example of the above hospital lane above (3 km long single lane over a 100 m bridge) 27/05/2018 10:15 X oranje New government - New Finance Minister acting like a gangster oicking a fight over 1 MDB
As Anwar Ibrahim rightly said fixing economy is much more than 1 MDB but entire new government obesessed on the matter 27/05/2018 10:16 X oranje What moronic bunch of leaders we have in Malaysia past and present 27/05/2018 10:17 X oranje Present government should not fire 17,000 batch probably aged 30 and below but the 50 plus year old fat cats of J K R who are on RM 9000 k salaries ++ with toyota fortuner/ hilux (new) but not contributing any blue ocean mitigating plan costing RM 1-10 million to alleviate chronic traffic jam BUT WAITING FOR ANOTHER RM 55 BILLION MEGA PROJECT 27/05/2018 10:19 X oranje SHOULD SACK THE FAT CAT GOVERNMENT OFFICIALS WHO HAVE SERVED 20-30 YEARS ++++ ALL WAITING FOR BIG BUDGETS TO GET TO WORK, DOESNT EARN THEIR RM 700-13000 SALARIES
BRAINLESS PEOPLE 27/05/2018 10:21 X oranje GOVERNMENT MOTTO SHOULD BE ACHIEVE MORE (GREATNESS) FOR LESS (RESOURCES)
INSTEAD OF OFFICIALS AND POLITICIANS :WAITING AND LOBBYING AT PM DEPARTMENT FOR THEIR SHARE OF MILLIONS IN GROOVY AND GRAVY MALAYSIA
oranje HSR ? ERL ? MTR 1,2,3 ? 1 MDB ? TRILLIONS OF PROPERTIES IN MALAYSIA ?
CON MEN SNAKE OIL SALES MAN SHOULD FLOCK OVER AND LEARN FROM MALAYSIANS HOW TO LOOT THE NATIONAL BANK VAULT HHAHAHAHAHA 27/05/2018 10:27 X oranje GANGSTER LIM GE HAS NOT CALCULATED THE OVERVALUED PROPERTIES (MORTGAGES ) CREATED BY OUR CON MEN DEVELOPERS AND GREEDY CARTEL BUYERS / OWNERS
IT GOES LIKE THIS - COMMERICAL CUM RESIDENTIAL CONSTRUCTED AND SOLD WITH RM 30,000 PER MONTH RENTAL ASSURANCE AFTER COMPLETION THAT LOT IS RENTED OUT TO A SMALL TIME OPTICIAN WHO IS ALWAYS LATE IN THEIR PAYMENTS
PROPERTY MORTGAGES - AMUCH MUCH BIGGER TIME BOMB THAN 1 MDB
Practice the habit of clearing portfolio before every election please, if you all would have won’t be speculationg so much on any gov linked counters from the previous regime
HSR is nothing to do with GKENT for now, even MRT3 also a little portion (10%) compared with GAMUDA (45%) & MMC (45%) of sharing. HSR may put on hold for a period of time mainly as part of tun mahathir's bargains strategic to reduce costs of the project. HSR will go on when times come.
And since LRT 3 is mainly built in Selangor , running from Bandaranaike U tams to Klang, I am sure Azman will not cancel it since it brings benefit to the rakyat.
We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the first quarter ended 31 March 2018 on Monday, 28 May 2018 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Malaysia Prime Minister Mahathir Mohammad has confirmed in an interview with Malaysian media that the High Speed Rail exstension project for Singapore will be terminated. The Malaysian leader said the government is in debt currently and they have no money for the lucrative train project in Singapore:
“Malaysia is going to look into how it can reduce the cost of any potential exit from a deal with Singapore for a high-speed rail (HSR) to link its capital Kuala Lumpur with the city-state. There is the need to reduce the national debt and liabilities – which is at around RM1trillion or 80 per cent of its GDP. At one go we can reduce it by RM200 billion by doing away with all these huge projects.”
Malaysian PM Mahathir said that he is looking at how to minimise the cost of breaking the HSR contract with Singapore.
“The terms of the HSR agreement are such that if we decide to drop the project, it will cost us a lot of money. So we are going to find out how we can reduce the amount of money we have to pay for breaking the agreement.”
As such, the Malaysian HSR will hence terminate at Johor Bahru. For Malaysia, if PM Mahathir is able to find any corrupted dealings between Najib Razak and Singapore, they may be able to dissolve the HSR agreement without paying compensation to Singapore.
Singapore’s Prime Minister Lee Hsien Loong visited Mahathir in his Putrajaya residence last week, only to be shown the door out in less than 30 minutes.
Upon the cancellation of the HSR, there will be lesser justification for the 2% GST increase in Singapore, which the PAP government claimed is for building infrastructural projects like the HSR. The Singapore government is currently in debt, borrowing from it’s state-owned companies and statutory boards, to fund it’s exorbitant projects like Terminal 5 and Tuas Mega Port.
I guess so. my friend was approached by job hunter for MRT3 on end April but currently he was informed the hiring is on hold...GG
But it could be in 'on hold' mode until the contract is reviewed by gov. Perhaps like what peoples said, need to wait until official announcement from gov.
KUALA LUMPUR (May 26): The previous Barisan Nasional (BN) government has been intentionally and aggressively circumventing even the classification of 'government guarantees' by committing the government to lease payments amounting to RM201 billion over the next few decades, says Tony Pua, the special officer to Finance Minister Lim Guan Eng.
Pua, who is also Member of Parliament for Damansara and DAP national publicity secretary, said the Pakatan Harapan (PH) government was shocked when it discovered that the BN government had awarded more than RM63 billion worth of public-private partnership (PPP) projects, committing the government to RM201 billion of leasing payments over the next decades.
"Not only are these obligations hidden from the government’s liabilities, the cost to the government to carry out these projects are much higher than if the government had just funded these projects with direct borrowings," he said in a statement yesterday.
He cited the Najib administration's intention to award a contract to certain parties to build a new RM500 million polytechnic.
"If the contract were awarded directly, it would have meant an additional RM500 million in borrowings. This would worsen the perception of significantly higher debt, and increase the budget deficit," said Pua.
"And even providing a government guarantee for a government subsidiary to undertake the project would look bad because our guarantees have already increased by leaps and bounds over the past five years," he added.
Pua said the Najib administration had "cleverly abused" the PPP mechanism by awarding a contract to a private "crony" company where the government doesn’t pay directly for the project construction. (MRT, LRT, ECRL,HSR and others related meja projects)
"Instead, the government would commit to make monthly lease payments to the company amounting to three times the value of the project, or RM1.5 billion in this case, over the next 10 to 20 years. The private company would then take this lucrative contract to the banks as a collateral to secure the necessary financing to carry out the project," he added.
Pua also noted that Datuk Seri Najib Razak remains in denial, urging the former prime minister to stop lying about the true levels of federal government debt.
On May 24, Guan Eng revealed that the total federal government debt and liabilities amounted to RM1.09 billion, or 80.3% of the country's gross domestic product (GDP).
The sum comprised RM686.8 billion of official federal government debt (50.8% of GDP), RM199.1 billion (14.6%) of committed government guarantees and RM201.4 billion (14.9%) of lease commitments via the PPP projects, said Pua.
"The very reason why we referred to the ‘official’ federal government debt, is precisely because the ‘official’ figure used by the past Najib administration failed to take into account the true debt obligations by the federal government," he added.
Pua also pointed to the RM199.1 billion figure provided by the finance minister of committed government guarantees.
"These are guarantees which the government has already been called to service, for example, the RM42.2 billion Danainfra Nasional which was used for the construction of the mass rapid transit, or the approximate RM38 billion for 1Malaysia Development Bhd (1MDB).
"The fact that the finance ministry has been secretly servicing some RM7 billion or more of 1MDB’s debts to date, shouldn’t 1MDB’s debt be considered as federal government debt? Or is Najib trying to tell the new government that we should continue pretending that these are not our debts?" asked Pua.
Pua said the PH government is committed to being "transparent and taking the bull by the horns".
"We have no intention to maintaining the legacy practice of hiding debts and increasing costs in order to deceive markets. We are committed to a competent, accountable and transparent government because we firmly believe that despite any short term turbulence we might face, we will only come out of this much, much stronger together in the medium to longer term," he said.
"希盟政府在乎的是Kebajikan Rakyat Malaysia daripada GDP. 所以,我们国家不太在意世界评级给与我们的评级,最重要还是减低国债,为人民照福,避开破产危机。Tun Daim 还强调,前朝政府更笨无能力实行HSR & ECRL,甚至Mrt3都不必要。 Daripada: Tun Daim"
什么是破财? 当一个国家宣布破财,所有人民们的ASSETS (Cash or Properties ) AND LIABILITIES (Loans and etc )都不属于自己。也许,你的现金在银行的Lets say RM500,000.00 , 你(人民)只是最多可以拿回50%而已(RM250,000.00) 汽车,土地,geran, 家,摩托等固定资产都全部不归你拥有了就算是你已经付清房屋贷款,汽车贷款。
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
erkongseng
3,192 posts
Posted by erkongseng > 2018-05-27 09:50 | Report Abuse
https://www.channel8news.sg/news8/world/20180526-wld-msia-east-coast-rail/4037288.html