KUALA LUMPUR, Jan 6- Petaling Jaya Utara Member of Parliament Tony Pua said today that PLUS, the concession holder for the North-South Expressway stands to make a staggering RM25 billion in profits, in the next 20-years.
Pua, who spoke to reporters after scrutinising declassified toll concession agreements at the Works Ministry here, said PLUS made a profit of RM1.2 billion last year and the amount will increase annually till the concession ends, in 2038.
"Under the agreement the concessionaire has all to gain and nearly nothing to lose."
Pua, who was at the Works Ministry, with Serdang MP Teo Nie Ching and Kampung Tungku Assemblyman Lau Weng San, said PLUS is also exempted from paying taxes on its profits.
As such, he said DAP was justified in objecting to the privatisation of PLUS to United Engineers Malaysia (UEM) in 1988.
"It was a hot issue, which was used as one of the justifications by the Government to detained 16 DAP national leaders, including Lim Kit Siang and Karpal Singh, under the ISA, during Operation Lalang."
Teo, who got a first look at the concession agreement this morning describe it as a 'profit guaranteed' contract, which favours the concessionaire.
Under the agreement, the company can impose higher toll charges if traffic volume is less than what is projected, while the government will have to provide compensation if it objects.
She said the original 30-year-concession, signed in 1988, had already been extended further by 20-years, as a form of compensation.
Teo said terms in a supplementary agreement, signed in 1999, made it virtually impossible for the government take over the concession.
"Besides having to pay the cost of construction, which was just RM5.94 billion, and any outstanding loans owed by the company, the Government would be forced to pay an amount equal to future profits."
Teo questioned the Government's rationale in entering into the agreement in the first place.
"Why privatize the highway, when they could have built it and run it themselves."
Meanwhile Pua also dismissed assertions by Works Minister Datuk Mohd Zin Mohamed yesterday that buying back some of the concessions, such as Lebuhraya Damansara-Puchong (LDP), would be too expensive.
He said the LDP was constructed at a cost of only RM1.327 billion but to date the company had received RM630 million in compensation for not raising toll charges and would continue to receive RM75 million annually.
"The numbers are stark and it is obvious that it would be better for the Government to buy back the concession rather than continuing to pay compensation."
Comments (27)
Show/Hide comments
DAP a true Malaysian party
written by DB, January 06, 2009
written by DB, January 06, 2009
Keep it up DAP!
Without fear or favour, you dig up corrupt deeds of UMNO, of MCA, of MIC.
True fighter against corruption and injustice.
Keep pressing the gomen on all those unaccountable fishy deals, they owe Malaysians hell of a lot of explanation.
It is a total nonsense to say DAP is a Chinese party, you are a true Malaysian party.
Without fear or favour, you dig up corrupt deeds of UMNO, of MCA, of MIC.
True fighter against corruption and injustice.
Keep pressing the gomen on all those unaccountable fishy deals, they owe Malaysians hell of a lot of explanation.
It is a total nonsense to say DAP is a Chinese party, you are a true Malaysian party.
-
- +38
-
-
...
written by Robert, January 06, 2009
written by Robert, January 06, 2009
It seem that all these Toll Concession Holder has been making tons of money every year and most have even recoup their investment.
The Malaysian Government should tear down all Tolls Gate.
No more Toll and all Highways will be giving back to the people.
The citizen deserve this basic necessity and no more Jams.
Malaysian hope that 2009 is the year where all tolls gate throughout Malaysia is taken down.
The Malaysian Government should tear down all Tolls Gate.
No more Toll and all Highways will be giving back to the people.
The citizen deserve this basic necessity and no more Jams.
Malaysian hope that 2009 is the year where all tolls gate throughout Malaysia is taken down.
-
- +35
-
-
Yes. DAP a true Malaysian party.
written by Asama Pedas, January 06, 2009
written by Asama Pedas, January 06, 2009
Keep on digging. Car sampai lubang cacing. Tell the whole world the real face of UMNO/BN.
My hands and legs are up in support of DAP.
My hands and legs are up in support of DAP.
-
- +22
-
-
...
written by Mohd Mohtar, January 06, 2009
written by Mohd Mohtar, January 06, 2009
Thank You very much Dr Mahathir and Tuan Daim for making this possible.
-
- +21
-
-
All for a stronger Opposition
written by Disgusted, January 06, 2009
written by Disgusted, January 06, 2009
With a stronger Opposition, the rakyat are more aware of what the BN-gov is up to. When BN becomes the next opposition after GE-13, make sure PR hang BN dry for all our past suffering from their blood sucking deeds.
-
- +30
-
-
Time to take back what's ours
written by Malaysian, January 06, 2009
written by Malaysian, January 06, 2009
Keep the axe to the grind and dig up all those shady deals that benefited UMNO and it's cronies.
We want justice and our money back or better still, get those crooks charged with corruption, CBT, conflict of interest etc and throw them into jail for a long long time.
We have had enough of this plundering of our rich and diverse nation.
We want justice and our money back or better still, get those crooks charged with corruption, CBT, conflict of interest etc and throw them into jail for a long long time.
We have had enough of this plundering of our rich and diverse nation.
-
- +18
-
-
Instead of boycott U.S. products, can we boycott toll instead?
written by Joe, January 06, 2009
written by Joe, January 06, 2009
Instead of boycott U.S. products, let's boycott the tolls! Malaysia Boleh!
-
- +19
-
-
WE SHOULD LET ALL TOLL CONCESSIONARIES TO INCREASE THEIR TOLLS
written by John Chaw, January 06, 2009
written by John Chaw, January 06, 2009
Dear Commentators,
As far from my point of view regarding toll collectors, the government should allow them to increase their toll charges when requested instead of paying them off compensation. Think again, IF we use all the compensation monies to build connecting routes around toll areas and better roads around the area to relief traffic. Then the people has a choice to choose whether to pay the toll or use alternative routes.
Example; there is no "non toll" roads leading to PUCHONG from Shah alam, Sunway or from putrajaya, If we can just add a few road from sunway to puchong, shah alam to puchong, and putrajaya to puchong then definately the amount of compensation monies used to paid the toll could afford to do all such.
point is:
1. Allow toll concessionaries to increase their toll as per their wants.
2. DO NOT pay compensations to highway concessionaries
3. USE the suppose to be compensation to build more connecting roads around the area
4. USE the suppose to be compensation to improve the public transport system e.g. LRT or rail services connecting to other places.
5. DO NOT extend their contract
That's all,
John
One of the everyday toll user
As far from my point of view regarding toll collectors, the government should allow them to increase their toll charges when requested instead of paying them off compensation. Think again, IF we use all the compensation monies to build connecting routes around toll areas and better roads around the area to relief traffic. Then the people has a choice to choose whether to pay the toll or use alternative routes.
Example; there is no "non toll" roads leading to PUCHONG from Shah alam, Sunway or from putrajaya, If we can just add a few road from sunway to puchong, shah alam to puchong, and putrajaya to puchong then definately the amount of compensation monies used to paid the toll could afford to do all such.
point is:
1. Allow toll concessionaries to increase their toll as per their wants.
2. DO NOT pay compensations to highway concessionaries
3. USE the suppose to be compensation to build more connecting roads around the area
4. USE the suppose to be compensation to improve the public transport system e.g. LRT or rail services connecting to other places.
5. DO NOT extend their contract
That's all,
John
One of the everyday toll user
-
- +9
-
-
Sucking contracts
written by Nik, January 06, 2009
written by Nik, January 06, 2009
Now i can understand why the opposition parties wanted transparency, good governance and anti corruption and always highlight NEP benefited the rich malays more.
This is a sucking contract, anybody can be successful in these type of business. May the whole world only our govt has these type of contract, surely concessionaire can make tons of profit by these type deals.
Business losses are guarantee buy the govt and even compensate them. The people voted form are betrayed by such a deals. The public have to pay a high price for deals done by our govt.
Need justice and investigation in such type of agreements. No thank to those decision makers at that time.
This is a sucking contract, anybody can be successful in these type of business. May the whole world only our govt has these type of contract, surely concessionaire can make tons of profit by these type deals.
Business losses are guarantee buy the govt and even compensate them. The people voted form are betrayed by such a deals. The public have to pay a high price for deals done by our govt.
Need justice and investigation in such type of agreements. No thank to those decision makers at that time.
-
- +21
-
-
This confirms TDM and Tun Daim are pariah
written by JJ, January 06, 2009
written by JJ, January 06, 2009
These two are pariahs of the country. They sold out the nation.
They called themselves nationalists. They claimed to be saviours of Malays.
As a result of the toll agreements, every Malaysian is squeezed by these two men. Malays being the majority race are being looted the most.
Agree with Asam Pedas that the money should be returned to the nation. The money should not go to the coffer of UMNO at all, not even one sen !
They called themselves nationalists. They claimed to be saviours of Malays.
As a result of the toll agreements, every Malaysian is squeezed by these two men. Malays being the majority race are being looted the most.
Agree with Asam Pedas that the money should be returned to the nation. The money should not go to the coffer of UMNO at all, not even one sen !
-
- +22
-
-
All this expose would not have been possible if not for Mar 08 2008 Election result
written by Tsunami, January 06, 2009
written by Tsunami, January 06, 2009
If not for the dismal showing of BN in the last election, the toll agreements would never have been revealed to the public.
This is also Pak Lah's parting gift to his most ardent critic - Tun Apanama. Way to go, Pak Lah!
I would also like to thank the DAP for their good analytical work and the people of Malaysia for making this possible. Don't forget that DAP leaders paid the ultimate price in 1988 in the form of ISA detention for raising the PLUS NSE issue during Ops Lallang.
Tun Apanama - your hands are soiled with dirt. I wonder how you sleep at night.
This is also Pak Lah's parting gift to his most ardent critic - Tun Apanama. Way to go, Pak Lah!
I would also like to thank the DAP for their good analytical work and the people of Malaysia for making this possible. Don't forget that DAP leaders paid the ultimate price in 1988 in the form of ISA detention for raising the PLUS NSE issue during Ops Lallang.
Tun Apanama - your hands are soiled with dirt. I wonder how you sleep at night.
-
- +16
-
-
Anti DAP or UMNO lackey?
written by Durian Besar, January 06, 2009
written by Durian Besar, January 06, 2009
Anti DAP,
Get the facts right.
You should question why PLUS was led to borrow such out of proportion sum money in the first place. In this fishy deal, banker was a winner, PLUS was a winner, UMNO snakes were winners, maybe some MCA MIC snakes were winners too. Only we rakyat are made the losers.
Judging from your fact-twisting, calling black white sleight of hand, you are not Anti DAP, you are in fact another UMNO lackey in disguise.
You are no Malaysian, you are not even qualified to be one, because you are an accomplice in the national wealth robbery.
Get the facts right.
You should question why PLUS was led to borrow such out of proportion sum money in the first place. In this fishy deal, banker was a winner, PLUS was a winner, UMNO snakes were winners, maybe some MCA MIC snakes were winners too. Only we rakyat are made the losers.
Judging from your fact-twisting, calling black white sleight of hand, you are not Anti DAP, you are in fact another UMNO lackey in disguise.
You are no Malaysian, you are not even qualified to be one, because you are an accomplice in the national wealth robbery.
-
- +16
-
-
PLUS stands to make RM25 b
written by flying dragon, January 06, 2009
written by flying dragon, January 06, 2009
KT by election is the place to wack the BN for:
1. on the toll agreements
2. why this candidate (BN) if he wins will be appointed back to his Deputy Home Minister , moreover
earlier he was appointed and reappointed as a Senator and then appointed and reappointed as a
Deputy Home Minister. resigned and contest as a candidate for this by election. There are so
many elected MPs and yet not selected for the post? Why?
1. on the toll agreements
2. why this candidate (BN) if he wins will be appointed back to his Deputy Home Minister , moreover
earlier he was appointed and reappointed as a Senator and then appointed and reappointed as a
Deputy Home Minister. resigned and contest as a candidate for this by election. There are so
many elected MPs and yet not selected for the post? Why?
-
- +8
-
-
shame shame shame
written by PlainTruth, January 06, 2009
written by PlainTruth, January 06, 2009
These Umnoputras are bleeding the rakyat dry. Shame on MCA, MIC and Gerakan for not uttering a word at such rip-offs.
-
- +10
-
-
PR will do away with the tool
written by Joeawk, January 06, 2009
written by Joeawk, January 06, 2009
Since it is against national interest, malaysians should vote for the PR to form the next federal govt when the toll highways can be nationalised if they are found to be profiteering.
Something is seriously not right with the UMNO govt, especially the previous govt under Mahatir that we have come to such a situation.
Coming clean with the contract must be the present UMNO against the old UMNO who are the main beneficiaries. Perhaps, those in the know should tell us who are the personalities behind the toll highways, the faceless ones especially.
Something is seriously not right with the UMNO govt, especially the previous govt under Mahatir that we have come to such a situation.
Coming clean with the contract must be the present UMNO against the old UMNO who are the main beneficiaries. Perhaps, those in the know should tell us who are the personalities behind the toll highways, the faceless ones especially.
-
- +8
-
-
Our lawyers should study whether agreements can be cancelled due to lop-sidedness.
written by Abraham, January 06, 2009
written by Abraham, January 06, 2009
Our lawyers should voice their opinion as to whether agreements and contracts signed by the government were:
1. Only profiting certain parties and detrimental to the people of Malaysia ( not the current government who claim to represent the people). Whether the profits were reasonable or exorbitant.
2. Whether set conditions to protect only the concessionaires and which is unfair to the people of Malaysia and that cannot be challenged or only terminated with exorbitant compensations is a valid agreement that cannot be challenged in a court of law.
3. Whether through an Act of Parliament, the government can nationalise the highways without paying these concessionaires exorbitant compensation, but only a reasonable compensation to settle the cost of the projects.
4. Whether action can be taken on government servants and legal officers who vetted these agreements or were signatories to these agreements when they knew it was not beneficial to the people of Malaysia. It does not matter whether they did it due to political pressure as they should still have done the right thing.
1. Only profiting certain parties and detrimental to the people of Malaysia ( not the current government who claim to represent the people). Whether the profits were reasonable or exorbitant.
2. Whether set conditions to protect only the concessionaires and which is unfair to the people of Malaysia and that cannot be challenged or only terminated with exorbitant compensations is a valid agreement that cannot be challenged in a court of law.
3. Whether through an Act of Parliament, the government can nationalise the highways without paying these concessionaires exorbitant compensation, but only a reasonable compensation to settle the cost of the projects.
4. Whether action can be taken on government servants and legal officers who vetted these agreements or were signatories to these agreements when they knew it was not beneficial to the people of Malaysia. It does not matter whether they did it due to political pressure as they should still have done the right thing.
-
- +6
-
-
Why MCA , MIC and Gerakan Kept Quiet?
written by Hock Eng, January 06, 2009
written by Hock Eng, January 06, 2009
MCA, MIC and Gerakan,
Where were you when the toll concession agreement was signed?
Don't give excuses..tell us what have you done!
You deserve another huge defeat in the next general election!
Where were you when the toll concession agreement was signed?
Don't give excuses..tell us what have you done!
You deserve another huge defeat in the next general election!
-
- +7
-
-
Politician is only a professional in politic...
written by ssy, January 07, 2009
written by ssy, January 07, 2009
Please get the thing right. How our beloved politicians get the figure of RM25Billion profit just by reading a contract/agreement only in one/two days? Genius! No need to consider balance sheet, profit/loss account, etc.?As far as I know, in maintaining a highway you need to fork out a lot of money for the costly maintenance on the assets such as pavements, bridges, drainages, slopes, rivers, etc. This is a layman press statement. I wish to hear from the professional such as economists, policymakers, etc. not someone that has interest in politic especially for someone who wants to justify their previous acts were correct! By the way, who want to start a business without making profit? Anyone of you? Charity for good? Bravo if you are one of them!
Maybe someone is right here that let the concessionaires raise the toll rate so as our government need not to pay our "rakyat" money as compensation to them. Don't use the highway if you think the rate is high. There is always a federal roads. So let the concessionaires go bankrupt then nobody collect toll for us. Hmm, if they is no more concessionaires, where is all the employees go? Retrenchment? Or our government can convert them to civil servants? Wow...if like that where the government wants to get all these money to pay them and how about the cost for maintenance works since there is no collection of toll? Maybe they can raise our income tax?Or borrow from the World Bank, IMF, etc.? Ooh my...please get me a real professional body to look into this...
Maybe someone is right here that let the concessionaires raise the toll rate so as our government need not to pay our "rakyat" money as compensation to them. Don't use the highway if you think the rate is high. There is always a federal roads. So let the concessionaires go bankrupt then nobody collect toll for us. Hmm, if they is no more concessionaires, where is all the employees go? Retrenchment? Or our government can convert them to civil servants? Wow...if like that where the government wants to get all these money to pay them and how about the cost for maintenance works since there is no collection of toll? Maybe they can raise our income tax?Or borrow from the World Bank, IMF, etc.? Ooh my...please get me a real professional body to look into this...
-
- +0
-
-
to ssy and his/her supporters
written by tricycle, January 07, 2009
written by tricycle, January 07, 2009
Bro,
How come you are being so obtuse? If there is any professional body we can rely on, there will be no Malaysianinsider no Malaysiakini, and no other alternatives news portals or agencies or parties.
Consider this, someone broke into your house, you report to the police? what would they do? they will just key in the report. that's it. Consider this too, your wife, your sister, your mother, or your daughter is being rapped by some anak of Tun, you report to the police. Do you think they are able to solve your case? So think using your head. Unless you yourself is anak of Tun or yourself a Tun.
You are half learner. You just don't know to use your god given brain and can't see the big picture. Have you been outside Malaysia lately? Do you know the highway in Thailand is free after the concession is over. Do you know the highway in the US is free, and if they charge it in some states it cost only 15 cents or maybe 50 cents for hundreds of miles. Do you know a mile is not a kilometer?
Maybe you don't know how the economy works. Actually if you are so slothful you could google or wikipedia to find some of the information you need. Let me give you a simple idea, I hope you can comprehend since you are very dim-witted. If the cost of doing business is so cheap, cheap transportations, cheap tolls, cheap labors, we can attract foreign investors as well as domestic investors to do business here in Malaysia. (provided we fix our judiciary system first)
Do you know in today's world volume is everything, competition is very high among countries, every country try to be very competitive. Every country wants to be like China, cheap labor, good infrastructure, huge market, everything is very cheap there in China. That's why so many investors invest there. They want to be competitive to compete globally.
So if our country wants to be competitive we should provide the environment for it to happen. We also need to encourage people to improve themselves. We actually already have a good infrastructure, too bad it is just too costly. Our fuel is expensive (we are the net exporter), our toll is expensive, our enforcement cannot be trusted, our judiciary system cannot be relied on and so many uncompetitive features that drives away foreign and local investors.
Government is no brainer in thinking of making collecting revenue from oil, tolls, and other thing. They should think on how to expand the economy. They should think how to make us compete globally, not just locally. Government should think big. Government should be led by educated and professional, not by someone with unrecognized degree, not by graduate from unknown universities, not by someone who not even finished his degree after returning back from Europe for his father funeral in 1970s, not by someone who is video tapped having sex with other than his spouse.
We need qualified and credentials person. Person who can bring us forward, compete with Singapore or Taiwan not Zimbabwe. Come on bro. Think!
How come you are being so obtuse? If there is any professional body we can rely on, there will be no Malaysianinsider no Malaysiakini, and no other alternatives news portals or agencies or parties.
Consider this, someone broke into your house, you report to the police? what would they do? they will just key in the report. that's it. Consider this too, your wife, your sister, your mother, or your daughter is being rapped by some anak of Tun, you report to the police. Do you think they are able to solve your case? So think using your head. Unless you yourself is anak of Tun or yourself a Tun.
You are half learner. You just don't know to use your god given brain and can't see the big picture. Have you been outside Malaysia lately? Do you know the highway in Thailand is free after the concession is over. Do you know the highway in the US is free, and if they charge it in some states it cost only 15 cents or maybe 50 cents for hundreds of miles. Do you know a mile is not a kilometer?
Maybe you don't know how the economy works. Actually if you are so slothful you could google or wikipedia to find some of the information you need. Let me give you a simple idea, I hope you can comprehend since you are very dim-witted. If the cost of doing business is so cheap, cheap transportations, cheap tolls, cheap labors, we can attract foreign investors as well as domestic investors to do business here in Malaysia. (provided we fix our judiciary system first)
Do you know in today's world volume is everything, competition is very high among countries, every country try to be very competitive. Every country wants to be like China, cheap labor, good infrastructure, huge market, everything is very cheap there in China. That's why so many investors invest there. They want to be competitive to compete globally.
So if our country wants to be competitive we should provide the environment for it to happen. We also need to encourage people to improve themselves. We actually already have a good infrastructure, too bad it is just too costly. Our fuel is expensive (we are the net exporter), our toll is expensive, our enforcement cannot be trusted, our judiciary system cannot be relied on and so many uncompetitive features that drives away foreign and local investors.
Government is no brainer in thinking of making collecting revenue from oil, tolls, and other thing. They should think on how to expand the economy. They should think how to make us compete globally, not just locally. Government should think big. Government should be led by educated and professional, not by someone with unrecognized degree, not by graduate from unknown universities, not by someone who not even finished his degree after returning back from Europe for his father funeral in 1970s, not by someone who is video tapped having sex with other than his spouse.
We need qualified and credentials person. Person who can bring us forward, compete with Singapore or Taiwan not Zimbabwe. Come on bro. Think!
-
- +2
-
-
Expunge the lopsided contracts via the Parliament
written by Asam Pedas, January 07, 2009
written by Asam Pedas, January 07, 2009
It will be very costly for the nation to pay-off these crooks. They shouldn't be paid-off in the first place.
There should be a law enacted via Parliament to expunge all these lopsided contacts.
We shall then see whether UMNO/BN MPs stand on the rakyat's interest or the interest of their goons.
There should be a law enacted via Parliament to expunge all these lopsided contacts.
We shall then see whether UMNO/BN MPs stand on the rakyat's interest or the interest of their goons.
-
- +3
-
-
...
written by ck, January 07, 2009
written by ck, January 07, 2009
That was why ACA was useless in the first place. Now with MACC, I wonder whether it can ensure that the corruption among government officer will be lower.
Whether Tony was an expert or not, the question remains "WHY DID OUR PREVIOUS GOVERNMENT BE MORE TRANSPARENT?"
Seriously, I believe we have to look at the bigger picture. Do u think the chinese or indian hates malay? No. We don't hate their leaders.
The problem is corruption. Funds are not being used properly. Perhaps it's right to say "PLUS still have to loans to service". It's a crap for anyone to defend this. It's only common for a company to service loans. How do u build highway without money. Then may I ask, if the company had to take up loan to build the highway, why didn't our G build it in the first place?
And them some idiot mentioned "LET's BOYCOTT THE TOLL". A real crap. Anyone that uses the Federal Road will know... how bad the traffic jam is.
We have not improved our public transportation. Our councils Urban Planning is bloody poor.
Why all these happens? You have to ask yourself about that.
To me... whether DSAI will be a better leader or not, I really don't know. But for one I know, we might as well change to see whether it can make a difference. Electing a leader is about making a difference. If a leader can't lead, then like DIGI's motto "IT's TIME TO CHANGE".
Whether Tony was an expert or not, the question remains "WHY DID OUR PREVIOUS GOVERNMENT BE MORE TRANSPARENT?"
Seriously, I believe we have to look at the bigger picture. Do u think the chinese or indian hates malay? No. We don't hate their leaders.
The problem is corruption. Funds are not being used properly. Perhaps it's right to say "PLUS still have to loans to service". It's a crap for anyone to defend this. It's only common for a company to service loans. How do u build highway without money. Then may I ask, if the company had to take up loan to build the highway, why didn't our G build it in the first place?
And them some idiot mentioned "LET's BOYCOTT THE TOLL". A real crap. Anyone that uses the Federal Road will know... how bad the traffic jam is.
We have not improved our public transportation. Our councils Urban Planning is bloody poor.
Why all these happens? You have to ask yourself about that.
To me... whether DSAI will be a better leader or not, I really don't know. But for one I know, we might as well change to see whether it can make a difference. Electing a leader is about making a difference. If a leader can't lead, then like DIGI's motto "IT's TIME TO CHANGE".
-
- +7
-
-
...
written by chin, January 07, 2009
written by chin, January 07, 2009
The nation pays but what is worse, these contracts are a form of extortion of the public, legalized by the UMNO.
If our taxes already more than covers construction cost, then UMNO is only appointing their cronies to extort money from the public. And everyone of all races is a victim.
Even the Malays should not be so dumb to pay for the luxuries of only a few selected elites, by continuing to vote for UMNO. Forget about job creation arguments, a government run highway also provide the same number of jobs for bumiputras.
How can a nation advance in economic status if it is run by corrupt greedy individuals. After the oil is gone, I bet you UMNO will evolved into a fundamentalist extremist group to stay in power. Then it will no longer talk of progress but only about protecting their race, their religion because the economy is dead so they will tell you it good to be poor.
If our taxes already more than covers construction cost, then UMNO is only appointing their cronies to extort money from the public. And everyone of all races is a victim.
Even the Malays should not be so dumb to pay for the luxuries of only a few selected elites, by continuing to vote for UMNO. Forget about job creation arguments, a government run highway also provide the same number of jobs for bumiputras.
How can a nation advance in economic status if it is run by corrupt greedy individuals. After the oil is gone, I bet you UMNO will evolved into a fundamentalist extremist group to stay in power. Then it will no longer talk of progress but only about protecting their race, their religion because the economy is dead so they will tell you it good to be poor.
-
- +5
-
-
Blood sucker all round?
written by CKY, January 07, 2009
written by CKY, January 07, 2009
Well, one thing for sure about this entire episode of the higway agreements is that it is meant to feed the certain few interested parties at the expense of the rakyat and thinking the rakyat are all stupid. They do this by disguising that this the the NEP policy where in fact they grassroot Bumis and rakyat at large are not the ones 'reaping' the fruits. I am almost sure that the figure of 18.9% equity share held by Bumis in the Economy Planning Unit report just reflects the cronies who are in possession of them, and why not guess how many of them are holding the shares of PLUS? and of the course the other highway operators.
Talking about stupid agreements entered into by out beloved 'Bapa Pembangunan', why are we all so surprised? We should be well aware of the fact that we engaged a construction company to build a bridge to Singapore without getting the agreement of Singapore Government, and see what has happened to the structure now? (I really hope it i will be declared someday as one of the few new additions to the world wonders, at least then we can attract the tourist here to see this great white elephant and get some money which we have compensated the construction company for building it. Any takers to guess who were the ones behind the said construction company?)
What about the agreement which we entered to sell raw water to Singapore at dirt cheap price? and extended over and over again? Hmmmn, i will have to say that that was indeed a wonderful deal entered into as far as Singapore is concerned. I makes me wonder how can Singapore, being a small country manage to get wise people to advise them on the deals and yet Malaysia who boast to have all the resources, can't?
Talking about blood sucking, what I read on news paper this morning about one Minister saying that the Government would need to raise the petrol price again if crude oil price increases to 50USD. Isn't the Government already making so much profit even if it is maintained at RM1.80? What has happened to our government? Coffers running dry? I thought our country's fundamentals are very strong and we can face this economy meltdown without much issues? What about giving RM3.6m to Palestine? From where is this money coming?
As for the PR, yes I am sure you are taking all efforts to make sure there is transparency. But, at the same time you will need to make sure you are prepared to be a good government. As of now, you have 4 states which you are at helm. Make the best out of this opportunity and prepare yourself to be a strong and efficient Government when you are called upon by the rakyat and be assured that if you are gonna spend all the time digging rubbish and not doing something concrete, you are not doing much good to the country. May the strength be with you and of course us, the Rakyat
Talking about stupid agreements entered into by out beloved 'Bapa Pembangunan', why are we all so surprised? We should be well aware of the fact that we engaged a construction company to build a bridge to Singapore without getting the agreement of Singapore Government, and see what has happened to the structure now? (I really hope it i will be declared someday as one of the few new additions to the world wonders, at least then we can attract the tourist here to see this great white elephant and get some money which we have compensated the construction company for building it. Any takers to guess who were the ones behind the said construction company?)
What about the agreement which we entered to sell raw water to Singapore at dirt cheap price? and extended over and over again? Hmmmn, i will have to say that that was indeed a wonderful deal entered into as far as Singapore is concerned. I makes me wonder how can Singapore, being a small country manage to get wise people to advise them on the deals and yet Malaysia who boast to have all the resources, can't?
Talking about blood sucking, what I read on news paper this morning about one Minister saying that the Government would need to raise the petrol price again if crude oil price increases to 50USD. Isn't the Government already making so much profit even if it is maintained at RM1.80? What has happened to our government? Coffers running dry? I thought our country's fundamentals are very strong and we can face this economy meltdown without much issues? What about giving RM3.6m to Palestine? From where is this money coming?
As for the PR, yes I am sure you are taking all efforts to make sure there is transparency. But, at the same time you will need to make sure you are prepared to be a good government. As of now, you have 4 states which you are at helm. Make the best out of this opportunity and prepare yourself to be a strong and efficient Government when you are called upon by the rakyat and be assured that if you are gonna spend all the time digging rubbish and not doing something concrete, you are not doing much good to the country. May the strength be with you and of course us, the Rakyat
-
- +3
-
-
Why don't PKR/DAP/PAS buy-out PLUS?
written by terongpipit, January 07, 2009
written by terongpipit, January 07, 2009
Apa mau susah-susah.... gomen PKR/DAP/PAS boleh beli itu PLUS and easy can make RM25 billion... wow manyak untung lor!
-
- -1
-
-
...
written by George, January 08, 2009
written by George, January 08, 2009
As usual, Mahathir would have forgotten that all these agreements were signed during his time, aided by Tun Daim, Samy Vellu and their cronies. These are the blood suckers who have invented ways to suck blood from not only our generation, but also our children and grandchildren....
-
- +1
-
-
Write comment
Show/Hide comment form
Shouldn't this money be returned to the nation ?