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Showing posts with label Mega-Projects. Show all posts
Showing posts with label Mega-Projects. Show all posts
Wednesday, December 13, 2017

DBKL's in-your-face defiance to Cabinet directive freezing all high-end property developments above RM1 million per unit proves that BN Government has lost total control of its limbs

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Following a meeting with DBKL Mayor Tan Sri Mohamad Amin Nordin, my colleagues from Parliament revealed yesterday that DBKL would not be ena...
Thursday, November 30, 2017

Whose head should roll when East Coast Rail Link’s outrageous claims of profitability fail to materialise?

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The East Coast Rail Link (ECRL) project which was awarded without any tender to China Communications and Construction Company (CCCC) has bee...
Tuesday, November 28, 2017

The biggest culprits to the supply-demand imbalances in the property market in Malaysia are none other than Government-linked Companies

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The Cabinet has imposed a “temporary ban” approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over...
Friday, November 24, 2017

Ku Nan demonstrates “Malaysia Boleh” spirit by declaring Bandar Malaysia plans ‘approved’ even before master developer selection, to circumvent Cabinet luxury development ban.

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Federal Territories Minister Datuk Seri Tengku Adnan Mansor has confirmed yesterday that the 1MDB-linked Bandar Malaysia and TRX would not b...
Sunday, November 19, 2017

Dato’ Seri Najib Razak should explain why he insists on changing MRT3 project delivery model despite singing praises of the purported MRT1 “success story”

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In his speech at the 2017 SME Annual Conference last week, Najib said that the MRT costs were kept “below budget” because of the “high quali...
Tuesday, November 14, 2017

Current Bandar Malaysia RFP likely to suffer same fate as its failed sale to Iskandar Waterfront Holdings and subsequent imaginary sale to Dalian Wanda Group

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In my parliamentary question on 8 November I had asked the Ministry of Finance (MoF) for a simple update on the progress of Bandar Malaysia’...
Wednesday, November 08, 2017

Is a switch from “Project Delivery Partner” to “Turnkey” model really to save on financing cost, or is there more than it meets the eye?

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MRT Corp has recently announced its tender for the third phase of MRT project. The big changes to the tender conditions compared to the MRT ...
Thursday, March 30, 2017

Is our national interest now subjected to foreign terms and conditions?

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Last week, I had asked the Finance Minister to justify the award of the RM55 billion East Coast Rail Link project to China Communications a...
Friday, March 17, 2017

Which Finance Minister in the world worth his salt would tell you that the debts of its wholly-owned subsidiaries are not the debt of the parent company?

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First of all, I would like to thank the Second Finance Minister, Dato’ Seri Johari Abdul Ghani for issuing the official statement “ Some Fa...
Wednesday, November 16, 2016

Transport Minister Datuk Seri Liow Tiong Lai’s attempts to justify increase in ECRL price from RM29 bil. to RM55 bil. raises many more questions than answers

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Finally, after more than a week of denying that the proposed East Coast Rail Link (ECRL) would cost a whopping RM55 billion, the hapless Tra...
Tuesday, November 15, 2016

We challenge EPU Minister, Datuk Seri Abdul Rahman Dahlan to make public the feasibility study conducted by HSS Engineering Group which was commissioned by the East Coast Economic Region Development Council (ECERDC)

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In our research over the controversy surrounding the 600km East Coast Rail Link (ECRL), we have discovered that the East Coast Economic Regi...
Saturday, November 12, 2016

Minister in Prime Minister’s Department, Dato’ Seri Abdul Rahman Dahlan tried to pull a fast one by comparing the exorbitant cost of the East Coast Rail Link with complex High Speed Rail in Europe

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Three days ago, Dato’ Seri Abdul Rahman Dahlan, the Minister in-charge of Economic Planning Unit (EPU) responsible for the East Coast Rail L...
Monday, November 07, 2016

Does Transport Minister Datuk Seri Liow Tiong Lai really know what he is talking about when he said the East Coast Rail Link (ECRL) doesn’t cost RM55 billion?

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The Edge Financial Weekly quoted an executive from a construction outfit who said that at RM55 billion, the East Coast Rail Link (ECRL) “cou...
Thursday, November 03, 2016

Has Malaysia become the new rogue nation of this world?

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Malaysia has always prided itself to be a progressive nation which built its foundations the principles of justice and moderation.  Even bef...
Wednesday, November 02, 2016

Dato’ Seri Najib Razak must explain to Malaysians why he has forsaken all forms of transparency and accountability in awarding the RM55 billion East Coast Rail Link (ECRL) project to a Chinese company

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The Treasury-General Tan Sri Dr Irwan Serigar Abdullah had informed the media two days ago that Malaysia and China will sign the Framework F...
Sunday, October 23, 2016

The Economic Report 2016/7 exposes Dato’ Seri Najib Razak’s hidden budget time-bomb

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Since the last general elections, Dato’ Seri Najib Razak has successfully managed the investment community’s perception of the “prudence” o...
Sunday, July 31, 2016

A second international money laundering scam designed to cover up the first will cement Malaysia’s notoriety as the kleptocratic capital of the world

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The Sarawak Report has exposed an alleged plan to double the price tag of the East Coast Rail Link (ECRL) to RM60 billion.  The “extra” RM30...
Wednesday, March 05, 2014

Dato' Seri Najib's “Kangkung” Economic Model With 1MDB

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Dato' Seri Najib Razak is practising “kangkung” economics by awarding lucrative multi-billion contracts to qualified parties who are no...
Friday, February 21, 2014

Project 3B Awarded To 1MDB Despite Higher Bid

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The award of “Project 3B”, a 2,000MW coal-fired power plant to 1MDB despite its higher bid is nothing less than a backdoor bailout for the ...
Tuesday, February 18, 2014

Energy Commission Awards Power Plant Project To 1MDB Instead Of Lowest Qualified Bidder

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The Cabinet must prioritise the interest of the rakyat and not the profits of its companies when deciding on the “winner” of the power plan...