Penang Second Bridge, longest in Southeast Asia opens today

The Second Penang Bridge, the longest bridge in Southeast Asia,  opens tonight, easing traffic in the rapidly industrialising northern state of Penang.

Totalling 24 km in length, it will take motorists around 20 minutes to cross the RM4.5 billion bridge from Batu Kawan on the mainland and Batu Maung on the island.

Penang island already has another bridge linking it to the mainland. The first bridge opened in 1985 but the state’s rising population and popularity with visitors meant that another bridge was needed to cope with traffic.

The new bridge is expected to ease traffic by 25 per cent and will it last for the next 120 years, according to its concessionaire, Jambatan Kedua Sdn Bhd (JKSB).

One of the big questions posed by Penangites had been: why is the bridge not straight, but curved? Would not a straight bridge costs less?

JKSB construction director Hamizol Ngah was quoted in English daily The Star in November 2012 saying that the curvy design deliberately chosen to reduce traffic accidents.

“This is to prevent drivers from getting drowsy, discourage speeding and improve road concentration,” said Hamizol.

“Such a design requirement was not mooted for the 8.4 km Penang Bridge as it is shorter.”

Penangites might also question why the design is so similar to the first bridge.

Initially, there were plans for two viewing platforms, complete with restaurants, but that was scrapped due to a lack of funds. The platforms would have added another RM600mil to the cost.

The plan for a second bridge was unveiled by Putrajaya in the Ninth Malaysia Plan in August 2006, and the groundbreaking ceremony was held three months later.

The project was announced by Malaysia’s then fifth prime minister Tun Abdullah Ahmad Badawi, himself a Penangite, three years after he took over from his predecessor.

Beijing-based China Harbour Engineering Co Ltd (CHEC) won the main contract for the first package, which included the bridge and foundation works.

According to Reuters CHEC is China’s largest international contractor and the second-largest dredging company in the world, with projects mostly in Asia, Africa, and the Middle East.

The second major package which included structures for the approaches to the bridge was constructed by UEM Builders Sdn Bhd, a subsidiary of local conglomerate UEM Group.

UEM’s previous projects included the North-South Expressway, the Malaysia-Singapore Second Link, and RapidKL’s light rail transit (LRT) system.

The project commenced in November 2008 after a nine-month delay due to land acquisition and design issues, in addition to the rising costs of building materials.

CHEC and UEM previously announced that the bridge will be completed by 2011, but it was not until April 2013 that construction of the main span was completed, physically connecting Batu Kawan and Batu Maung.

The bridge had been previously scheduled to open in November last year.

The delay was also partly caused by a collapse of the ramp in the Batu Maung interchange leading to the bridge in June 2013, causing one death.

Around 10,000 revellers are expected to attend the launch by Prime Minister Datuk Seri Najib Razak tonight.

Motorists will be charged a toll rate between RM7 and RM10 starting from March 2, according to JKSB.

Expert advice on investing

Property Vs Shares : Discover your knock out investment strategy 

Author : Peter Koulizos and Zac Zacharia Genre : Business, Finance and Law Publisher : Wrightbooks >>

ABOUT three to four years ago, a friend in his 20s bought his first property. Prior to this, he was trading in stocks. His interest in the property sector came about when he saw the double-digit price increase during the run-up in the property sector in 2009/2010.

While his interest in shares continues, it was the property sector which became the main focus of his attention. His intention was to sell the serviced apartment once it was completed at a profit, a strategy taken by many during those heady days, and today. He has the same principle when it came to stocks. If he has read this book Property Vs Shares, he may have taken a different strategy for his investments.

This book serves as a guide for those who are interested in either or both forms of investments. While it was written with beginners in mind, it provides useful reference to readers on higher rungs of the investment ladder.

In Malaysia, the two most common investments are properties and stocks. While there are unit trusts, these are, at the end of the day, also linked to stocks. The last several years, a number of books on property investments have appeared on the shelves of our local book stores. Most, if not all of them, are focused on property investments alone and therein lies the difference.

Property Vs Shares compares one asset class against another. It has two authors. Peter Koulizos is the author of The Property Professor’s Top Australian Suburbs and lectures on the subject. Zac Zacharia lectures on share investment at TAFE SA and is a founder of a wealth management group.

Both of them provide some ground rules for investment decisions in today’s volatile economic climate. They look at how property and shares have performed historically and give pointers on research.

In today’s search for yield, all sorts of schemes have entered the market. They highlight some of these scams and schemes. In short, they look at investments much more broadly, and takes into cosideration the many who keep their money in time deposits.

Using the analogy of two boxers in a boxing ring, one representing real estate and the other shares, they begin with that all pertinent question Why Invest? and explains the importance of being a shrewd steward of one’s finances if one wants to retire early and richer.

They outline from the start that saving and investing are two different things. In order to invest, one must first of all, begin a journey in savings. But while saving, as in keeping money in a time deposit may be “safe” and “risk-free”, the returns are minimal. On this premise, the authors suggest other forms of investments which, if prudently selected and managed, and depending on when one enters and exits, may provide a better yield.

My 20-something friend could have just kept his money in a fixed deposit account but with the cost of living escalating, he figured he would be earning negative interest rates in no time. And therein lies the value in property and stock investments – they provide a regular income and have the potential for capital appreciation.

However, there are caveats to this and the authors explain the perils of both clearly and succintly, without diminishing the importance of diversification.

Although this book is based on the Australian property sector and the Australian stock market, it holds within its covers very insightful information and suggestions about property and stocks that are universal.

The last several years, there has been a great interest in property investments on a global scale with Malaysians buying real estate at home and abroad, and with it comes currency risks. The Malaysian stock market has generated both interest and returns for investors. What and where one buys, or feels most comfortable with, depends on many personal and individual factors as well as global and national events.

Investment markets are inter-related, like a big jigsaw puzzle. When property prices dip, the shares of property companies may dip. When interest rate goes up, there may be less application for housing mortgages, which in turn affects bank revenue and bank stocks.

The importance of having some knowledge of economic and investment cycles are clearly spelt out with graphs and tables. But these details are used sparringly.

As mentioned earlier, my 20-something friend may have taken a different route had he read this book because in the middle of this reference guide, the authors draw the distinction between trading, investing and speculating.

The main difference is the investment timeframe. Trading on the stock market can occur within seconds whereas speculating on property can occur within weeks or months. They suggest taking a longer time frame with both.

Only you can decide why you are in the game – is it for capital growth, or for income, or both? Do you want to fund a certain lifestyle, or are you hoping to retire richer and earlier? If you are able to answer the above, you will be guided as to what suits you best. This book will set you on the road to investing with some insightful information in hand.
 
There are many nuggets of gold to be found in this book. Whether your preference is for stocks, properties, or both, there is a place in your book shelf for this slim volume.

 - Contributed by Thean Lee Cheng The Star/Asia News Network

Show times: confused of Ibrahims & satay in Kajang; who will be MB Selangor Malaysia?

From left: Khalid Ibrahim, Ibrahim Ali, Syed Ibrahim Syed Noh and Ibrahim Ahmad Badawi

Lately, whether by design, fate or plain coincidence, we have been seeing, reading or hearing about people or issues that involve the name Ibrahim.

THERE is something odd going on lately in Malaysia. For some seriously strange reasons, whether by design, fate or plain coincidence, Malaysians are seeing, reading or hearing about people or issues that involve the name Ibrahim. So let us go through the current hot list.

Anwar Ibrahim

He sure knows how to confuse us. We all thought he wanted to be Prime Minister. Then he said he would retire from politics and take up a teaching career if Pakatan Rakyat failed to capture Putrajaya in the general election.

Well, many of us, being the confused lot that we are, actually believe him, or at least believe in the many things that he has been saying, anyway.

Then, following the decision of the Kajang state assemblyman to vacate the seat, Anwar confused us further by saying he would not be contesting the seat. But he finally announced, after much charade, that he would be contesting after all.

Now, he says that even if he wins the seat, he does not aim to be the Mentri Besar of Selangor. Well, the whole world seems to think otherwise.

He has already confused us enough with his answers on why he is forcing a by-election in Kajang. Until now, no one, including his diehard supporters, can give us a convincing explanation.

Seriously, all of us should really ask him what it is he really wants. This man has to be the master of surprises. No one can beat him at that.

No one can remember him having a liking for football. Horses and jet ski, yes. Suddenly he has donned the colours of the Selangor football team.

If Penang plays against Selangor, we are not sure if he will be wearing anything, given that he is an MP from Penang, which is also a Pakatan-controlled state. That’s pretty confusing.

Well, for sure, he has really given us a few good lessons in politics!

Khalid Ibrahim

This is one sorry Ibrahim. His hair has become more dishevelled lately. He murmurs to himself most of the time and he is doing this even more.

Who can blame him? He has to be careful who he talks to now with his party boss wanting to take over his job. His fellow ADUNs – who all claim they are in politics for the sake of the people – must be having a tough time deciding who they should stand behind now to further their political ambitions.

They have to decide which horse they should back – this mumbling corporate figure or the real political animal, Anwar Ibrahim, who has the magic of getting people to believe what he wants them to believe.

If it’s me, it’s me. If he says it isn’t him, all will nod in agreement, as if under a spell, and repeat that it isn’t him. It’s just a lookalike of me, a body double, a Siamese twin.

Poor Khalid. The only one he can trust is himself. He can only talk to himself.

We all hope he will just hang in there because he is actually a likeable bloke. What you see is what you get from this Ibrahim.

Zaid Ibrahim

Now, this one is tricky. We are just as confused because he has either joined or formed almost every political party in town. And we, being the terribly naïve Malaysians, thought that this sort of thing only happens to Sabahan politicians.

No one is quite sure why he is declaring his candidacy for the Kajang by-election. It can’t be his love for the satay there, for sure. We are not even sure if he knows his way around Kajang or if he even has friends there.

But this Ibrahim can be assured that he will get his 15 minutes of fame every night on prime time TV. Our advice is he should not attempt to sound too philosophical or intellectual during his campaign rounds in Kajang.

That’s because we are already confused. We are not sure if he is seeking the support of Barisan or Pakatan Rakyat supporters. We are not too sure there are enough fence sitters like him. But we are sure he will confuse us during the entire campaign period.

Ibrahim Ali

We can assume that he will be there. He and his gang of merry men never let us down when it comes to providing the comic relief. But he has been saying that he is actually the one who has been delivering the Malay votes for Umno and that without him, Umno would have been in serious trouble.

But the best line from him recently is that there are many troublemakers impersonating Perkasa members! Fuyoh!

Now, that’s interesting! And we, being the confused Malaysians, thought that Malaysian politicians have confused us sufficiently and endlessly but this is the ultimate confusion! Imitation Perkasa members, wow.

Haris Ibrahim

He has been unusually quiet since being initially denied entry into Australia last September. The outspoken activist and lawyer shows up everywhere. He is a permanent fixture in all protests and demonstra­tions. A specialist in this sort of things, we may say. We are not sure if he will add some colour and excitement in Kajang. But he’s definitely another Ibrahim that we can welcome to the Kajang polls, to confuse many of us further.

Syed Ibrahim Syed Noh

He may not be a household name in Malaysia but he would probably get a recognition from the Malaysia Book of Records for being involved in the most number of non-­government organisations. This Ibrahim is involved in every NGO – from Bersih to Gabungan Mansuh ISA to Pemantau to Independent Monitoring Election Commission.

He has served notice that he will be in Kajang in his capacity as chief of the Malaysians for Free and Fair Elections (Mafrel). Are there any hats he is not wearing? Hasn’t he been confused himself before?
We won’t be surprised if he will soon head a Gabungan Cinta Satay Kajang or Stick It Up for Kajang Voters movements.

Rahim Thamby Chik

Well, not quite Ibrahim but close enough. This veteran politician can’t stand the sight of Anwar Ibrahim. Or for that matter anything about Anwar Ibrahim. He is his sworn enemy. Well, Enemy Forever. Not BFF, for sure.

We are not sure whether he will turn up in Kajang with Ummi Hafilda, another sworn enemy of Anwar. She seems to have gone into political oblivion since her marriage to a Pakistani doctor. It seems to be like an extended honeymoon, perhaps to make up for lost time. But we hope to hear from her soon. Looks like she has discovered that there’s more to life than her obsession – Anwar Ibrahim. It’s never too late. All these players hate one another but they can’t stay away from one another either. Isn’t that confusing?

Ibrahim Ahmad Badawi

Brahim LSG Skychef Sdn Bhd, formerly known as MAS Catering, belongs to Datuk Ibrahim Haji Ahmad Badawi, the younger brother of Tun Abdullah Ahmad Badawi. This company has been in the news lately.

Those of us who have been lucky enough to travel on business class on MAS will find the airline’s satay simply irresistible. Having lost the nasi lemak fight, we hope MAS will now redeem its image and go to Kajang for a satay war soon.

No one would have thought that there is such a thing as a “very naked” nasi lemak! Chef Wan Ismail took a picture of the very bare nasi lemak that was served in economy class on the route to Bangkok.

To the horror of this melodramatic chef, he claimed there were no nuts! Chef Wan may seem lembut (soft) at times but no one messes around with his food.

He was terribly pissed off. He whipped out his smart phone and took pictures of the nasi lemak missing the nuts. Err, sorry, I meant groundnuts.

And for Chef Wan, that’s a helluva of a telanjang (naked)! The essential ikan bilis or fried anchovies were not there either.

Well, following a full investigation, just short of a Royal Commission, it was finally revealed that the nuts had to be removed because they had gone stale. Blame the supplier who had gone on Chinese New Year break. Well, someone has to be the scapegoat in the great Malaysian tradition.

Poor Ibrahim, we never thought this would become an issue. This whole thing may seem a little nutty but the moral of the lesson here is, please don’t take economy class passengers for granted. We are not any ikan bilis, okay? We can strip anyone, Datuk or no Datuk, naked.

Well, things are going to get more interesting because the nomination and campaigning for Kajang have not even started yet!

And we still say the Election Commission should extend the campaigning period.

Contributed  by Wong Chun Wai
The views expressed are entirely the writer's own.
  
Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

 

Quandary over who will be MB

Political drama: (clockwise from right) Khalid is refusing to resign even as Anwar campaigns in Kajang to be the next Mentri Besar; Rafizi has been unable to justify the Kajang Move while Azmin is in Mecca to perform the umrah.

Selangorians are getting mixed signals. Datuk Seri Anwar Ibrahim is acting like he is the next Mentri Besar of Selangor while MB Tan Sri Khalid Ibrahim is behaving like he is here to stay.

TAN Sri Khalid Ibrahim has looked rather well groomed of late. The Selangor Mentri Besar has been keeping his hair neatly combed and was even seen sporting an Elvis-like pompadour on a few occasions.

Khalid can be rather moody when he is over-worked or if things are not going well, and reporters covering him have learnt to use his hair as a “mood meter”.

If his naturally wavy hair is nicely groomed, it means he is in a good mood and everything is under control. But if his hair is all over the place, it is best to keep the questions short and sweet and not try to be funny with him.

But hair and “mood meter” aside, Khalid has been in an upbeat mood.

He has granted press interviews to one publication after another, talking about a variety of issues from the state water situation to the upcoming Kajang by-election.

It is evident that something big is looming on the water front. Khalid has been dropping hints of a solution over the long-standing water restructuring saga in Selangor.Earlier last week, he made headlines when he said that if the water restructuring exercise were successful, there could be free water not only in Selangor but also for those residing in Kuala Lumpur and Putrajaya.

And all this was happening even as PKR de facto leader Datuk Seri Anwar Ibrahim was busy positioning himself to be the next Mentri Besar via the Kajang by-election.

Khalid’s demeanour and action over the last couple of weeks are not that of a man who is preparing to bow out. All the signs are that Khalid is here to stay and earlier last week, he confirmed that he is not resigning as Mentri Besar while side-stepping questions of whether Anwar will take over.

Khalid’s upbeat mood seems to be premised on two factors. The first factor is the unequivocal support he is getting from PAS in Selangor and the young Turks in the party’s Youth wing who have been critical of the Kajang Move.

Selangor PAS is standing by him and in the event that he is pushed out by his own party, PAS will nominate someone from their own party as the Mentri Besar.

PAS president Datuk Seri Hadi Awang put it a little more diplomatically: PAS will help Anwar win in Kajang, but the Mentri Besar post will be discussed after the by-election.

A PAS politician in Selangor indicated that PAS will welcome Khalid into the party if PKR decides to sack him. That is how far PAS in Selangor is prepared to go for Khalid.

The second reason for Khalid’s buoyant mood is believed to have come about after his weekly audience with the Sultan of Selangor two Wednesdays ago. He got the assurance that the Palace will not interfere in the political situation. The Palace will adhere strictly to its constitutional role and will follow the letter of the law.

A huge load was lifted from his shoulders and he left the royal audience walking on air.

Neutrality on the part of the Palace is crucial to Khalid because he is aware that Anwar and his backers have been trying to establish communications with the Palace.

There was talk that they had attempted to get through to the Palace via a Selangor princess.

For instance, Pakatan Rakyat supporters were shocked when Anwar said that former Mentri Besar Tan Sri Muhammad Muhammad Taib would be able to advise him on the state’s rural development. They could not understand why Pakatan wanted to be linked with Umno’s “Gold Coast sensation” whom they used to mock as “me no speaking English”.

Mat Taib, as he is known, was briefly married to the Sultan’s younger sister Tengku Zahariah and some claimed that Anwar’s advisors were hoping to capitalise on that.

Unfortunately, Mat Taib has been persona non grata to the Palace ever since the day he eloped with the Princess known as Ku Yah and with whom he has a son who is now grown up with movie star looks to boot.

About a week ago, the PKR newsletter Suara Keadilan splashed a picture of Anwar alongside an uncle of the Sultan on its front page. Inside was another photograph of Anwar seated at the same dining table as Tengku Sulaiman Jalil Shah. The pair were guests at the wedding reception of the son of a Terengganu-based PAS politician.

The Palace wasted no time in clearing the air. On Wednesday, the Sultan’s private secretary Datuk Mohamad Munir Bani issued a statement on behalf of Tuanku advising political parties and politicians not to associate the Selangor Palace with their campaign in the Kajang by-election.

The statement also advised members of the Selangor royalty against being involved or allowing their name to be used by political parties in the by-election.

It is understood that the Sultan’s uncle had never met Anwar until the wedding event. Sources said he was seated at the VIP table when Anwar appeared at his side and joined him. Suddenly, three photographers appeared and started taking pictures of them.

It is learnt that Anwar’s group had also approached a family friend of the Sultan but he told them that as a member of the Royal Selangor Council, he couldn’t be associated with any political party.

The clumsy and amateurish attempts to get through to the Palace do not speak well of whoever is advising Anwar.

It is no secret that the Palace is comfortable with Khalid but, basically, the Palace wants to keep a clear distance from the big time politics taking place out there.

Several days ago, Rafizi Ramli, the man credited with the Kajang Move, said that a party survey showed that only 17% of Kajang voters were critical of the reason for the by-election compared to 25% who approved of it.

He dismissed the critical group as mainly Barisan Nasional supporters.

“This means that only a small number of Kajang voters are against the by-election,” Rafizi Ramli said at a press conference earlier last week.

Of the remaining group, 21% wanted to know more before deciding, 26% could not care less while 10% pleaded ignorance. Those who wished to know more and those who did not care added up to 47% and they are the undecided voters. It is an unusually big number of undecided voters for a highly-urbanised seat but it also means that candidates have a good chance to canvass for support.

Everyone tells Anwar he will win but he is not taking anything for granted. He has kept a punishing schedule in Kajang. He tried his hand at Chinese calligraphy at a Chinese new village dinner, he went to a church where he received a standing ovation and he attended a futsal game to touch base with the youth. By polling day, he would have covered every housing estate at least twice over.

The Penang born and bred Anwar wants to present himself as somebody who cares for Selangor.

In fact, he had kicked off his campaign by attending a Selangor Football Association event wearing the yellow and red jersey of the state. A witty commentator labelled him “pemain import baru (latest imported player)” for Selangor.

The internal dynamics in PKR has almost eclipsed the by-election as well as the other candidates in the race, namely Barisan’s Datin Paduka Chew Mei Fun and independent Datuk Zaid Ibrahim.


The tight and loyal circle around Khalid claimed that their boss has the numbers to survive. Rafizi, on his part, has said that the Mentri Besar issue will not be put to the vote in the State Legislative Assembly.

“Khalid knows that no one can really do anything if he refuses to resign,” said a political insider.
Rafizi has been talking about an Umno plot to topple Datuk Seri Najib Tun Razak but the real plot is within PKR to topple Khalid.

The Anwar for MB camp had been bending over backwards for Khalid because they needed him to go without making a scene. They even gave in to his demand to be made the director of election over the party’s deputy president Azmin Ali.

By-elections are normally led by the deputy president of a party and Azmin, who is also the Selangor chief, is a seasoned organiser with a good grasp of the Selangor ground. But he was pressured to back off for Khalid. Azmin has since left for Mecca to perform the umrah.

It is evident by now that Khalid is not interested in any move by Anwar’s advisors to have him sign a post-dated letter of resignation. That was the original plan for a smooth transition.

Khalid was supposed to resign effective March 23 and Anwar, fresh from victory, would be nominated and sworn in as the new Mentri Besar. In hindsight, it was wishful thinking on their part and yet more proof of the lack of experience among Anwar’s advisors.

Anwar is now trapped in a situation where the man he is trying to dislodge refuses to go and is in charge of his election campaign.

There is no denying it – the Kajang Move has become a hot mess.

Some are expecting the Pakatan Rakyat convention on March 8 to involve some kind of call for Anwar to lead in Selangor. It will be tricky but who would object if it is presented as the road to Putrajaya?

The Anwar side sees Anwar, with his charisma and oratory skills, as the catalyst for the Putrajaya dream.

But the Khalid side says that the best advertisement for the Putrajaya dream is the Selangor model under Khalid’s leadership.

 In the meantime, they have to tackle the road to Kajang.



Contributed by Joceline Tan
> Joceline Tan can be reached at joceline@thestar.com.my