Saturday, May 31, 2008
Tuesday, May 27, 2008
For a start, click here to read an interlude.
Do try to give your points. It'll be interesting.
Friday, May 23, 2008
Penang Turf Club committee sued
Soon Li Tsin May 23, 08 4:40pm
The Penang Turf Club (PTC) committee members and several others are being sued by its members over the deal made with developer Abad Naluri Sdn Bhd to develop the controversial Penang Global City Centre (PGCC).
The legal action - commenced by Tan Kok Ping and Lee Choon Hoe in their own capacity and on behalf of all club members - was filed today at the Penang High Court.
The suit named PTC committee members Ong Eng Khuan, Robert Chan Woot Khoon, Dr Henry Ooi Kwee Lim, Oon Chong Kie, John Alexander Rodgers, Seow Chin, Tan Phaik Guan, The Choon Beng, Ch’ng Chin Ghee, club consultant Muhammed Rizal Abdullah, club financial controller Tan Hock Lim and club assistant general manager and secretary Leow Khin Ming as defendants.
The PGCC, located in the heart of the Georgetown, has been billed as the country’s largest private sector development project. It is also the single-biggest component of the Northern Corridor Economic Region development plan, launched last August.
The developer, Abad Naluri, is an associate company of Equine Capital Bhd controlled by businessman Patrick Lim, who is said to be linked to Prime Minister Abdullah Ahmad Badawi. Equine Capital holds 25 percent of Abad Naluri.
Mirroring its Kuala Lumpur counterpart, the PGCC boasts of two five-star hotels, a performing arts centre, retail complex, two office towers, residential properties, a world-class convention centre, an observatory tower, parking spaces, monorail transportation and a public arena.
The crux of the suit revolves around some 580 ordinary members of the well-established horse racing club being kept in the dark over several agreements signed between the PTC and Abad Naluri.
In 2003, PTC and Abad Naluri, signed a preliminary agreement for the sale of some 260 acres of the club’s land for RM488 million in order to develop the PGCC. Abad Naluri was expected to raise that sum and manage the financing for several years before the PGCC project starts contributing back.
From the RM488 million, RM375 million was designated to build a new racecourse in Batu Kawan in the mainland, relocating PTC’s existing racecourse on the island's prime Batu Gantung Road while the remaining RM113 million would be paid to PTC in cash. However, this agreement had allegedly lapse and Abad has paid only RM10 million in advances to PTC so far.
The plaintiffs contend that the defendants failed to impose the condition for Abad Naluri to pay the club 10 percent from the RM488 million purchase price as deposit. Subsequently, a formal agreement was signed on May 12, 2004 which restructured several clauses in the preliminary agreement. The plaintiffs argue that the changes were not approved by PTC members via an EGM.
Similarly, they alleged members were not consulted when the PTC president and two members signed a supplementary agreement on April 1 this year that granted Abad Naluri a renewable extension of three years in fulfilling their contractual terms.
The plaintiffs also contend that the PTC committee’s extension of the 2004 agreement resulted in a loss of revenue to the club after the re-zoning exercise under the Penang Structure Plan which was gazetted on June 28 last year.
The coveted Batu Gantong land valued between RM410 million to RM430 million was enhanced to a value of approximately RM2 billion after being re-zoned as a ‘mixed development’ from ‘open recreational’ area. The ordinary members also alleged that the committee has refused to disclose details of the agreements signed with Abad Naluri despite numerous requests for them.
According to the plaintiffs, all this amounts to breach of fiduciary duties and the committee - as trustees of the club - failed to act in the interests of the club in general.
Hence, the plaintiffs are seeking the following:
declarations from the committee defendants for acting in breach of their fiduciary duties
declarations from secretariat personnel for breaching of their terms of employment against the club’s constitution for exceeding their authority in executing several agreements
an injunction to restrain the defendants from further acting in breach of the club constitution
an order indemnifying the plaintiffs all tax liabilities imposed pursuant to the supplementary agreement
damages equivalent to the difference between the value of the Batu Gantong land on the date of the club’s extraordinary general meeting on Nov 25, 2002 and the execution date of the supplemental agreement April 1 this year
an order to set up an inquiry to analyse the loss and damage suffered by the plaintiffs due to the failure of the committee defendants to require Abad Naluri to pay a sum equivalent to 10 per cent of the purchase price of the Batu Gantong land as deposit
aggravated and exemplary damages to be assessed alternatively
Kok Ping and 12 other ordinary members of the turf club previously lodged police report on May 8 alleging that the PTC committee had abused its powers in its dealings with Abad Naluri.
Penang Chief Minister Lim Guan Eng has also announced that the PGCC project cannot proceed because it has yet to be approved by local government agencies.
According to Lim, not a single approval letter has been given to the developer by government authorities including the Penang Municipal Council and the Land Office.
Wednesday, May 21, 2008
It’s really a change that we were all looking for. I am truly impressed to see the Selangor State Government actually providing live feed of the proceedings of their state assembly. I hope the other state assemblies will follow suit. I went in earlier and hey presto – the sitting is live on the internet. Seeing a Malaysian Chinese being at the helm of the speaker. Suggest everyone follow the proceeding soon. This is a great effort from the state government and I hope other state governments will follow suit. Sadly, the Parliament is still going with a 30 min live broadcast and I think this is really a waste of time.
Sunday, May 18, 2008
We have many companies based out of Penang. I classify them into 3 categories :
1. Passover companies - they are here in Penang just to enjoy tax breaks and locate their "so called accounts department" and build big buildings to show the state why they are here. I have seen many of these but not worth mentioning.
2. MNCs with no local authorities - in short, "the kau tow" companies. Bosses are all overseas. They make decisions by getting instructions from someone in Santa Clara, Tokyo etc. They practically have no say but enjoy high paying salaries to manage people and expectations.
3. Home grown management managing big companies locally and internationally - these are the ones that understand this importance of building nexuses around the state and country. I know a few of these and they are always wanting to move up the value chain. Hence, sometimes, our government tend to "lupa" these guys.
I believe that if the Rm3.8 billion came from a mixture of the above, I hope it's from the category 3 companies. These companies will help drive SMIs or supply chain companies to move up the value chain.
Now - I wouldn't want to say that Penang is losing its competitiveness but the state must focus on its priorities to drive in more investment. Niamah to all the politics that are happening around the country but certain individuals must now assist the state to steer the right direction. I am certain Datuk Lee Kah Choon will help in that effort.
My recommendation - grab whatever investments possible. Reach out the investors and not dependent on the federal to give free handouts. Once the state reaches that juncture, I believe the federal government has no choice but to give in. I believe in nation building and the Rm3.8 Billion will go a long way, if it does happen by year end.
|Penang investments to exceed target|
|Athi Veerangan | May 17, 08 7:48pm - Malaysiakini |
| Penang may well exceed its RM3.8 billion investment target for this year by the end of the month, InvestPenang executive chairperson Lee Kah Choon disclosed today.|
The state government’s optimism was driven by keenness from potential foreign and domestic investors, international developments and a favourable investment climate, he said.
Lee believed that Penang investors were drawn to the state due to availability of a highly skilled work force, good infrastructure and international recognition as Malaysia’s ‘Silicon Valley’.
The completion of major infrastructure projects such as the second Penang bridge, monorail, Penang International Airport expansion, upgrading of the Sweetenham Pier, were also factors which boost investors' confidence.
“The economic spin offs from these projects would be a major booster for domestic investors,” said Lee in his maiden press conference after being appointed to helm InvestPenang last month.
Last year, total investments in Penang was RM4.77 billion, comprising RM3.14 billion foreign direct investments and RM1.63 billion domestic investment.
According to Lee, the cornerstone for Penang’s economic growth is still in the manufacturing sector, which forms 42 percent of the state’s gross domestic product.
He said that the vast presence of tertiary education institutions in the state would also be contributing to a large pool of professional and skilled workers.
Suppliers must improve
He felt that such workers would boost the state government’s efforts to transform Penang’s industries from a labour-intensive manufacturing sector to high-end manufacturing, research and development sectors.
“All these are Penang’s advantages to lure both domestic and foreign investors in all sectors, ranging from manufacturing, services, transportation, medical, tourism and even entertainment,” he said.
Lee also called on Penangites to adopt a paradigm shift and look towards the global market which would require them to acquire more knowledge, education and technology to compete globally.
He said that at present, many multinational companies are demanding domestic suppliers to enhance the quality of their goods.
“Penangites, be it businessmen, developers or ordinary laymen, should absorb global outlook in their mindsets. Otherwise we would lag behind others such as China and Vietnam,” he cautioned.
Lee said that the state was on a mission to restore Penang’s former glory as the investment hub of Malaysia, but conceded that it won’t be smooth sailing.
“With tangible, progressive or dynamic policies, we can do it together,” he told reporters at his office in the Penang Skills Development Centre.
Thursday, May 15, 2008
Wednesday, May 14, 2008
Enjoy reading this! Here!
Monday, May 12, 2008
|May 11, 2008 20:25 PM|| |
Lim Confirms Umno Veteran Joining State Government
BUTTERWORTH, May 11 (Bernama) -- Penang Chief Minister Lim Guan Eng today confirmed that an Umno veteran leader had accepted the offer to serve in the state government.
He said the Umno veteran accepted the offer after he resigned from his post in Umno.
"We offered him to join the state government in the interest of the people.
"I will make an official announcement on this and will reveal the name of the Umno veteran at a suitable time," he told reporters after opening the Perai DAP service centre here.
Lim said the appointment letter had been forwarded to the Umno veteran who would join the state government soon, but he declined to disclose the post.
Asked whether there would a difference in the state administration after this, he said: "This is only the beginning.
"What's wrong with Umno working with the state governmeent when it is promoting CAT (competency, accountability dan transparency)?"
Lim said the state government was sincere in making the offer to the Umno veteran and it should be seen in a wider context, not just politics.
Sunday, May 11, 2008
I felt moved after finishing reading the handwritten note.
It was a simple ceremony to commemorate the opening of Bukit Bendera Service Center which I am the pro-tem Secretary. I believe the walk has started since March 8. It's inching nearer and nearer. Stay tuned ya?
What do I make of this - it just doesn't add up - PERIOD.
|Former exco: PGCC planning permission never approved|
|May 10, 08 6:28pm|
Former Penang state executive councillor Dr Teng Hock Nan has revealed that the previous state government never approve the planning permission applied for by the developer of the proposed Penang Global City Centre (PGCC) project
All up to Guan Eng
Saturday, May 10, 2008
Wednesday, May 7, 2008
So what say you?
Tuesday, May 6, 2008
I guess you would assume that I would mention folks like Lim Kit Siang, etc etc. Unfortunately not. Today, this man was led into a van after he refused to post bail for himself. I am sure he had all the money in the world but the principles he stood for are very commendable. It’s time to stand up and walk the talk. Talk for this man as he will be our conscience – the Malaysian conscience!
RPK – We will walk with you always! Stay healthy and stay focus. We still want to read your writings, ya?
Sunday, May 4, 2008
Penang to scrap ‘Mini Putrajaya’ project
PENANG: The new state government will scrap the proposed centralised
state government administration centre nicknamed “Mini Putrajaya”,
which was mooted by the Barisan Nasional government in 2001.
Chief Minister Lim Guan Eng said the state would not pursue any
project that was “too expensive”.
“We are not going to go on the heavy expenditure projects,” he said in
Lim, however, said the state had other plans for the 20ha reclaimed
land north of the Bayan Bay project near the Penang Bridge on the
“We have other plans to bring development to that area, which would
benefit the state and people. The plans would be announced at the
right time,” he said.
Former Penang chief minister Tan Sri Dr Koh Tsu Koon had announced the
RM30mil mini Putrajaya project in 2001 as the new government’s
He had said the site on the reclaimed land belonging to the Penang
Development Corporation (PDC) was chosen because its location was more
central to the state’s population distribution.
The project, known as Bayan Mutiara, was expected to house the offices
of the Chief Minister, his deputy, state exco members, state
assemblymen, state secretary and state financial officer as well as
the new state assembly hall and Speaker’s office.
Dr Koh had also said that once the government administration offices
were relocated, there were plans to turn the 65-storey Komtar tower
into a hotel or commercial centre.
The state government then had also announced plans of converting the
state assembly building in Light Street into an art gallery.
However, the Bayan Mutiara project drew flak from ratepayers and
public interest groups who felt that it was a waste of taxpayers’
In May 2003, Dr Koh said the project would be deferred indefinitely
due to economic slowdown.
In an interview early this month, Lim said there was a need to
“rejuvenate” Komtar, which was opened to the public in 1974, in view
of its strategic position as the “heart” of the state government.
Komtar assemblyman Ng Wei Aik in a recent interview carried in the
StarMetro North said that the Komtar restructuring committee would
work on a new “Komtar concept”, which may include ideas of
transforming Komtar into a digital or IT centre.
Saturday, May 3, 2008
Many politicians will say this - aiyoo brother CM - you are spoiling the market lar. Now i cannot get bigger space in the cabin since you sudah set a new standard. Good example that all should follow. Sometimes when one reaches the highest level of power within the society, it's always good to reflect on this that makes the best sense. I am glad to hear this. Saudara Lim, go get them. We are all behind you!
Thursday, May 1, 2008
For a start, act fairly and you will be judged fairly. Act lost and you will get bozos acting like one, with due respect, act impartial. Otherwise, resign and get someone else to do the job. You asked for it. You got what you want. So stop complaining and act like a real Speaker - a person who manages the 222 Parliamentarians.
KUALA LUMPUR, May 1 — "Thank God, it did not turn out like what happens in Taiwan's (parliament)," was how Dewan Rakyat Speaker Tan Sri Pandikar Amin Mulia described yesterday's events in the Dewan Rakyat.
In its very first sitting following the March 8 election, Opposition and Barisan Nasional (BN) members of parliament traded barbs and interfered with proceedings.
Taiwan's parliament is well known for its MPs unparliamentary behaviour with physical assaults and even acts like throwing books and chairs against each other giving it a certain notoriety.
"If they don't control themselves, keep using unparliamentary words, we might just end up like them," he told reporters at his office in Parliament House after the sitting.
Pandikar Amin said yesterday's sitting had really tested his patience and warned all MPs not repeat such acts anymore as he did not like to suspend any of them.
"MPs must show exemplary behaviour," he said. — Bernama
|Soon Li Tsin and Francis Paul | May 1, 08 11:29am|
Gerakan’s hopes in reclaiming power in their stronghold state of Penang could well be over if the new Pakatan Rakyat government performs, said Gerakan advisor Dr Lim Keng Yaik.
"However, if Pakatan can perform better than us previously, then we can kiss our hopes goodbye.
Disappointed old man
His animated answers became emotive when asked why he was so critical of former Gerakan deputy decretary-general Lee Kah Choon leaving the party and working for the Penang state government.
Back to my thoughts. Who cares if the former Menteri Besar has started blogging? Who cares if a minister has decided to use his blog to attack another fellow Menteri Besar? After all, these are the tell-tale signs of a country full of hypocrites and idiots who are never accountable for their actions. By a press of the keyboard, they vindicate themselves from all wrongs and the rest of the world must accept them for what they are. I say - BULLSHIT!
The same goes to my once favorite newspaper editor. At one time, he wrote to me many years ago via email to ask me if I was the one who launched the DAP website in 1996. I guess he was fishing for a story back then but because I knew him as a friend, I decided to reveal myself. Seriously, since then, I have not kept in contact with him. Mostly, I bumped into him at Xavierian reunion in 2005 as well as at a friend's wedding.
My point is this - why write your thoughts in a blog and write another in the so-called MSM? Why have differing views. I am very certain this confirms my worse suspicion. This entire country is full of hypocrites and I don't see anything remarkable about this. Full of hot air and shit and I am sure he wants to be the first Editor to write on blogs. I seriously doubt his writings will ever be taken seriously by me. Dato - I know you may be reading. Sorry - it just doesn't add up.
I respect what you write but I suggest you do the same on your MSM - the Star. Once you start doing that, your views will reach more readers rather than myself, a monkey and a baboon as so called by some politicians who are now bloggers themselves. I am glad March8 came. Realized one thing - there are many Xavierians out there who are very upset of your views. I suggest you tone it down. Once doing that, reach out to more Malaysians of your thoughts of this country. Rather than focusing on articles before a major general elections and slamming PAS for being radical. Maybe they are, maybe they are not. However, your thoughts should not just be confined on your blog. I ask you to do something remarkable. Quote my blog and comments on your main editorial. After all, I have started to walk my talk like thousands of Malaysians. Many politicians have realized that even speaking from an ethnic background may not work any. Look at Ong Kah Ting. He finally realized how irrelevant he has become. He is speaking.
As for you, Labor Omnia Vincit (Labor Conquers All) - so before you start writing on your blog again, I will like to point out that you should start considering writing the same on your editorial. I enjoy your views very much. But it's time to speak up. Not just on your blog but on your editorial. I leave you with your quote
Are you sure? Are you very very sure. I think you should reconsider this. My blogs are also my thoughts that are shared immediately. However, it's different. I am just an angry voter continuing my walk into the Penang political arena.
“I write a column in the newspaper and the tone and manner of both the column and the blog are pretty similar. The main difference is the column is longer… it takes more time. Blog entries are much shorter. They represent a quick reflection of an issue,” he explained. Naturally, blogs are more immediate," said Dato Wong from www.malaysianinsider.com