Purchasing Index Drops to 39.9

The manufacturing purchasing Index dropped from 51.3 to 39.9 in Jun 2031.

CHINA INVESTMENT IN MALAYSIA

  The China investment is huge. The investments come with special terms to the advantage of China. I wonder why Malaysia willingly chose China. Is there hidden terms to the benefits of selected groups.

   The quoted figures of China investments are:

1. Forest City  RM105b

2. Melaka Gateway RM30b

3. Bandar Malaysia  RM12b.

4. EDRA Power    RM9. 8b

5. Kuantan Port 5b

6. MCKIP         5b

7. Bandar Q1    1. 1b

8. Bukit Besi    2b

9. Kedah Oil 86b

10. ECRL   55b

11. Perlis Inland Port1.7b

Total 3.2.6 b

MALAYSIAN POSITION IS SLIDING

 Based on the IMF GDP data for 2020, Malaysia’s economy is now ranked 6th in ASEAN. A notable achievement by the Mahiaddin administration. Ten years ago, Malaysia was 3rd largest economy in ASEAN. Philippines and Singapore overtook Malaysia in 2015 when Najib Razak was the Prime Mininster and Finance Minister focussed on wealth creation. Now, Malaysia's economy is smaller than that of Vietnam. 

2020 IMF GDP data:

1.Indonesia  $1,059.54b

2.Thailand       $510.89b

3.Philippines   $362.24b

4.Vietnam       $340.82b

5.Singapore    $339,98b

6.Malaysia      $338.28b

7.Myanmar       $81.26b

8.Cambodia      $25.95b

9.Lao                 $19.08b

10.  Brunei            $12.02b 

The economy ranking continues to fall despite of Malaysia having so many ministers overlooking and promoting economy, development and productivity; namely, (1) Senior Minister for Finance and Economy, also the Minister of International Trade and Industry, (2) Minister of Finance, (3) Minister of Domestic Trade and Consumer Affairs, (4) Minister of Agriculture and Food Industries, (5) Minister of Plantation Industries and Commodities, (6) Minister of Energy and Natural Resources, (7) Minister of Entrepreneurship Development and Cooperative, (8) Minister of Rural Development and (9) Minister in the Prime Minister Office (Economic Affairs). 

Creating job positions and rent-seekers are the Malaysian government’s priorities, not productivity. Democracy with Malaysian characteristics is doomed. 

Source: 

https://www.agribank.com.vn/en/ve-agribank/tin-tuc/dtl?current=true&urile=wcm:path:/agbanken/ve-agribank/news/market-news/imf-vietnam-surpasses-singapore-and-malaysia-to-become-the-4th-largest-economy-in-southeast-asia 

https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/

ECRL TENDER APR 2018

Bulatan Dato Onn K Lumpur

The round sbout was closed for more than a year. It was suppsed to be completed in Dec 2016. Now nov 2017, there is no sign that it was progressing.

Forest City Sale in KL

Another Project Under the government drive is the Forest City in Johor Baru. It is an effort to modernize Malaysia and bring in external fund. Of course it will bring up the GDP and the expansion of the Malaysia, but at what cost.

In Aug 2017, Forest City strategic partnership was signed, with 21 companies, from Malaysia, China , Singapore and Britain. It involved 2023.43 ha of land.

Who are the 21 companies?

forestcityjohor.com 23dec 2017

LRT 3 Project

The company in charge of implementing LRT, Prasarana, wanted to start the project in March 2017. The RM9bil project is expected to select the contractors for system work packages.

Hospital Putrajaya - George Kent secured 364.9mil project

George Kent - made it in the MRT project, a water meter manufacturer manage to diverse its business to rail project. What is the basis of its selection, what were the criteria are best left to the selection committee. You would not want to end in jail, would'nt you?.

Locomotive Not Running Well

In the Star paper, reported that  the locomotive purchased from China is nor running well yet.

The Electric Train System (ETS) was purchased by KTM from CSR Zhuzhou Electric. So far 2 set had arrived and undergoing testing. The test requires 10,000 km of fault free running test, where 18 critical components are tested.

ETS 201 had failed almost everyday from 11 to 18 June. The ATP (automatic train protection) has been failing when the train enter the Butterworth branch.

Star 19 Jul 2015

  

Locomotive Deal RM48 millions

The sun on Aug 5 2010, had put on its front page, the story of 2billions cost to buy the locomotive. The PAC, public account committee wants MACC to investigate the deal with the Chinese company.

The matter was brought to the parliament by Dzulkefly in March 2010 about 5 months ago, but nobody from the government side was concerned.

1. The original price was RM13.725 per head for 8 units in 2008

2. Due to NKRA the tender was cancelled as bigger capacity was required.

3. The new purchase price was rm 48 millions

4. The former Transport Minister said that the new price is because of the different specification, but Dzulkifly mentioned that the only different was the CCTV and Video panel.

The contract exclude the maintenance charges which can be exorbitant.

Malaysia ended up paying RM 500 millions extra.

Earlier Malaysia was reported to had pay RM500 million the commission to a company of a close ally of former The Minister of Defense (Najib Razak)

Below is the report from the star on the following day.

-------------------------------
Friday August 6, 2010

MACC probes purchase of Electric Multiple Units

By LOURDES CHARLES
lourdes@thestar.com.my

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has started investigations into the purchase of 38 electric trains, allegedly overpriced by half a billion ringgit, from a company in China.

The investigations began several days ago after the Public Accounts Committee (PAC) handed a report to the MACC over the purchase of the six-car Electric Multiple Units (EMUs) by Keretapi Tanah Melayu Bhd for more than RM1.6bil.

The price had escalated to RM48mil per six-car train from the original cost of RM13.7mil per three-car train.

A tender was negotiated last November following the Government’s decision to improve public transportation under the National Key Results Areas initiative for urban transportation.

MACC director of investigations Mustapa Ali said his officers had started making inquiries into the case but declined to elaborate. Sources close to the MACC said the team started the investigation last week and had obtained several documents related to the purchase. They said several witnesses including top executives, ministry officials, those involved in the negotiations as well as the supplier would be questioned. Transport Minister Datuk Seri Kong Cho Ha, who took over the ministry two months ago, said he welcomed investigations into any project under the ministry.

“I hope the investigation will be done transparently so that the public will have answers to all questions raised,” he said.

Kong welcomed the MACC’s decision to investigate all projects implemented by the ministry. and not just selected projects.

“The ministry will cooperate with all parties in investigations into projects under the ministry,” he said.

PAC chairman Datuk Seri Azmi Khalid said the committee had met on July 27 and discussed the issue raised by PAS MP Dzulkefly Ahmad during the 10th Malaysia Plan debate in the March parliamentary sitting.

Azmi said the PAC recommended that an investigation be conducted into the purchase of the EMUs from railway manufacturer, Zhuzhou Electric Locomotive Co Ltd of China.

He stated that the formal request to MACC was made through a letter last week and a copy of the MP’s speech in Parliament was attached.

Dzulkefly had questioned the purchase of the trains using the direct negotiation method, saying an investigation should be conducted as the price was exorbitant and that there were irregularities in the pricing.

He indicated that even if the six-car train cost twice as much as the three-car set, the price should only come to, at most, RM35mil each.