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Saturday, February 3, 2018

Opening up a can of worms from Penang Undersea Tunnel project to Ayer Hitam ...

'In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles?

THE trend for P148 looks promising and it will definitely be very hot.

No, I am not giving you any lucky numbers. P148 refers to Ayer Hitam parliamentary constituency in central Johor.

Ayer Hitam did not draw much attention before this. It is seen as a “safe seat” for Barisan Nasional, and has been held by MCA’s Datuk Seri Dr Wee Ka Siong for several terms.

Pakatan Harapan has allocated P148 to DAP. DAP, which was at first reluctant to contest there, told Amanah: “You can contest here under the DAP logo.”

It goes to show that DAP initially did not want to commit to a war it has no full confidence of winning.

But things have changed. Recently, DAP’s top leaders have upgraded the status of P148. Its adviser Lim Kit Siang said if (Pakatan) wants to take over Putrajaya, it has to wrestle Ayer Hitam.

People cannot really comprehend what the direct link is between Ayer Hitam and taking control of Putrajaya.

It would be easier to understand that the Opposition coalition is one step closer to Putrajaya if former premier Tun Dr Mahathir Mohamad wins Pulau Langkawi or Kubang Pasu.

But P148 Ayer Hitam? It is not the seat of (Prime Minister) Datuk Seri Najib Tun Razak, (Deputy Prime Minister) Datuk Seri Dr Ahmad Zahid Hamidi or (Defence Minister) Datuk Seri Hishammuddin Hussein. It is not special at all.

As for Dr Wee, it is still fresh on people’s minds that he has been aggressive in questioning the Penang undersea tunnel project.

Is DAP listing Ayer Hitam as their primary battleground because they want to topple Dr Wee? Does it want to take the MCA deputy president down because he has been critical of the project?

Is this a strategy to attack Dr Wee in order to save Penang Chief Minister Lim Guan Eng and force Dr Wee to stop harping on the tunnel project?

Or perhaps, it is an “act of revenge” to show Dr Wee some colours?

Frankly speaking, I don’t think Dr Wee will back off as he is known for his tough personality.

Quite the contrary, this will further boost his fighting will, prompting him to investigate the undersea tunnel issue further by diving 3km into the deep blue sea to seek answers.

From the people’s point of view, I think the focus should not be on the two personalities.

This does not have to be a battle between Guan Eng and Dr Wee. This should go beyond a spat between them.

It should be an issue of public interest. The public can analyse the case and be the judge.

DAP’s intention to conquer Ayer Hitam will bring the tunnel project issue to a bigger platform for it to be scrutinised and debated. This will be a positive development.

People are interested to know why the feasibility study and detailed designs for the undersea tunnel and three main roads would cost RM305mil.

A point to note is the feasibility study and detailed designs for the three main roads cost more than RM200mil.

A back-of-the-envelope calculation showed that the cost for every kilometre is about RM10mil, based on the total length of 20.3km.

The engineering industry said the cost was “extraordinarily high”. Is the feasibility study so detailed that it will find out how many worms there are in every inch of the land?

The construction cost of the undersea tunnel is RM3.6bil, with the feasibility study and detailed design priced at RM96mil.

Why is the feasibility study for the three roads higher than that of the tunnel when the roads are supposedly easier and cheaper to build?

Guan Eng insisted that not a single sen has been paid. But then, why has the state government transferred parcels of land to the investors involved?

With the exit of the builder from China and the entrance of a local fashion company (in the project’s special purpose vehicle), there is a change in the paid-up capital. This does not match the requirement set earlier. How will the state government handle this?

The reports have yet to be completed and the project has not yet started. Will the tunnel still be built? Penang state executive councillor Chow Kon Yeow said the three main roads would be built first but will this go against the overall concept of the project?

In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles? Why doesn’t the state government build a metro rail? Wouldn’t it better suit the needs of Penangites?

From undersea tunnel to Ayer Hitam, a series of questions and doubts has emerged.

This should not be a dispute between Guan Eng and Dr Wee but an issue of public interest that ought to be explained and clarified.

By Tay Tian Yan, The Star - The writer is Sin Chew Daily deputy editor-in-chief..



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Jack Ma's Alibaba to take on Kuala Lumpur’s traffic Artificial Intellligence project

Alibaba Cloud, which set up a datacentre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said. — Reuters

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KUALA LUMPUR: Alibaba Group will set up a traffic control system harnessing artificial intelligence for Malaysia's capital Kuala Lumpur, its first such service outside China, as the e-commerce giant pushes to grow its cloud computing business.

Alibaba Cloud, the cloud computing arm of Alibaba Group, said on Monday it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.

It is partnering with state agency Malaysia Digital Economy Corporation (MDEC) and the Kuala Lumpur city council to roll out the technology, which would be localised and integrated with 500 inner city cameras by May.

The partnership comes after Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak launched an "e-hub" facility last year, part of an initiative aimed at removing trade barriers for smaller firms and emerging nations.

Alibaba Cloud, which set up a data centre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said on Jan 29.

He declined to elaborate on the company's total investments made and planned for in Malaysia, but said it was "no small amount" and that the investments would continue if there was demand for cloud computing technologies.

MDEC's chief executive officer Yasmin Mahmood said there was no estimate of City Brain's impact on traffic in Kuala Lumpur yet. The traffic management system in the Chinese city of Hangzhou had resulted in reports of traffic violations with up to 92% accuracy, emergency vehicles reaching their destinations in half the time and overall increase in traffic speed by 15%.

Najib has forged close ties with China in recent years. Last year, the Malaysian leader announced a slew of infrastructure projects, many funded by China, as he worked up momentum towards a general election he must call by the middle of this year. — Reuters

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Malaysia to end cronyism?

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KUALA LUMPUR: The Government has vowed to end “crony capitalists” whose wealth came at the cost of ordinary Malaysians, said Datuk Seri Najib Tun Razak.

The Prime Minister said lessons had been learnt from past mistakes in planning Malaysia’s economic transformation, after confronting many “legacy issues” along the way.

“Some of the country’s development under a former leader came with an unnecessary price tag, in the form of a class of crony capitalists,” he said in his keynote address at Invest Malaysia 2018 yesterday.

Citing public transport as an example, Najib said massive overhauls had to be done to rectify the issue.

“For decades, public transport was neglected. It was incoherent, with different owners, different systems and certainly no integration

“One man’s obsession with the idea of a national car – which is now being turned around under international joint ownership – led to Malaysia lacking an efficient public transport system.

“This was a serious obstacle to achieve high-income status and for Kuala Lumpur to be a world-class capital,” he said.

Although no name was mentioned throughout his speech, it was an apparent dig at former premier Tun Dr Mahathir Mohamad.

Najib also said that during this time, the Government had signed independent power producer concessions that were lopsided.

“Consumers had to pay far more for energy than they should have, even for energy they were not using.

“This was a real burden to the people, so we renegotiated these concessions – and determined that in the future, we would not allow private companies to earn excessively at the expense of ordinary Malaysians,” he said.

Najib also pointed out that the ringgit had been pegged against the US dollar for “far too long”.

“Investors and global markets lost confidence in us, and it took a long time to win that back. That was a very heavy cost to the country,” he said, stressing that the Government would never repeat that measure.

He also spoke on the challenges at state-owned institutions, such as 1Malaysia Development Bhd (1MDB), which were amplified and used as a tool to suggest that Malaysia’s economy was collapsing.

“I’m not going to brush over this issue. There were indeed failings at the company, there were lapses of governance. There was a valid cause for concern.

“This is why I ordered one of the most comprehensive and detailed investigations in Malaysia’s corporate history, one that involved multiple lawful authorities, including a bipartisan parliamentary body.

“Their findings were taken on board and the company’s board was dissolved, its management team changed and its operations reviewed,” he said.

On another note, Najib rubbished claims that Malaysia was welcoming foreign direct investments (FDIs) by selling out the nation’s sovereignty.

“My Government will never sacrifice an inch of our sovereignty,” he said, adding that while RM63bil in FDI stock came from China and Hong Kong, there was more from Japan at RM70bil.

“You don’t hear anyone warning that we are selling our country to the Japanese.

“Of course not. They are most welcome here. So are investors from Africa, the Americas, China, the European Union, India, Saudi Arabia and around the world,” he said.

Malaysia continues to improve in three key areas

Moving forward: Najib attending the Invest Malaysia 2018 launch together with (from left) Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Chief Secretary Tan Sri Dr Ali Hamsa, Finance Minister II Datuk Seri Johari Abdul Ghani, Bursa Malaysia chairman Tan Sri Amirsham Abdul Aziz and Malayan Banking Bhd chairman Datuk Mohaiyani Shamsudin in Kuala Lumpur.

KUALA LUMPUR: Malaysia will continue to develop three key areas – transparency, accountability and efficiency – to attract more investments, said Datuk Seri Najib Tun Razak.

The Prime Minister observed that the country’s excellent economic and financial fundamentals had greatly benefitted local and foreign investors, providing them with stability, strength and certainty.

“We will continue to make our country even more business- and market-friendly, which means we are always working to improve transparency, accountability and efficiency.

“The Securities Commission, Bursa Malaysia, Bank Negara Malaysia and the Finance Ministry have continuously introduced and supported measures to increase the dynamism of our capital market.

“Towards this objective, I can assure you that we can expect further measures in the near future,” he said in his keynote address at Invest Malaysia 2018 here yesterday.

The two-day annual event is jointly organised by Bursa Malaysia Bhd and Maybank. A total of 61 local companies, with a combined market capitalisation of RM767.6bil were featured in the event.

The Prime Minister also cited figures that justified the confidence in Malaysia shown by investors and global institutions.

“Our total trade grew strongly by 20.8% between January and November last year, while in November alone, gross exports reached double-digit growth of 14.4%, with the highest receipts ever recorded, at RM83.5bil.

“Last year, foreign net fund inflow recorded a positive RM10.8bil, the highest since 2012, while corporate bond and new sukuk issuance reached RM111.2bil for 11 months of the year, close to 30% higher than the whole of 2016,” he said.

Najib also observed that Malaysia has enjoyed years of strong growth, with figures that most developed economies “could only dream of”, even during times of economic uncertainty.

“In fact, last year Malaysia exceeded all expectations, with the World Bank having to revise its estimate for our growth upwards not once, not twice, but three times – to 5.8%,” he said.

Najib added the World Economic Global Competitiveness index for 2017 and 2018 rate Malaysia very highly out of 137 countries.

The country is ranked third for Strength of Investor Protection, fifth for Pay and Productivity, fifth for the low Burden of Government Regulation and 14th for the Quality of Education System.

“The International Monetary Fund has also praised our sound macroeconomic policy responses in the face of significant headwinds and risks.

“The World Bank also recently confirmed that it believes Malaysia is on track, and that we are expected to achieve high-income status in the next few years,” he said.

 Source: The Staronline


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