Tuesday, April 04, 2006
Who are the real beneficiaries of the RM200 billion?
MALAYSIA TODAY SPECIAL REPORT ON THE NEP
Raja Petra Kamarudin
Malaysia’s Parliament is currently debating the Ninth Malaysia Plan (Rancangan Malaysia Kesembilan or RMK9) that was tabled by the Prime Minister last week. The plan brought Abdullah Ahmad Badawi to tears. RM200 billion will be spent to develop this nation over five years from 2006 to 2010.
What was not mentioned is that three times this amount will also be spent to run this country. Where in heaven's name are we going to find that much money when Petronas will only contribute about RM150 billion in taxes in that same period? This realisation was what probably caused the tears.
Let us look at what they have planned for East Malaysia, the two states that contribute to 50% of Petronas’ RM59 billion petroleum revenue every year, and the two states that have been allocated the smallest share of the budget though the hardcore poverty in those states are the highest.
RM1.148 billion will be spent to upgrade rural and village roads in Sarawak and Sabah. RM702 million has been allocated to Sarawak and RM446 million to Sabah. Further to that, another RM396 million has been also allocated to Sarawak and RM340 million to Sabah for rural water supply.
In Sabah, the Federal Land Development Authority (FELDA) will address hardcore poverty involving 2,000 households. Further to that, RM150 million will be allocated to FELCRA for agriculture development programmes in Sarawak.
The government will also be taking measures to provide employment and income-generating activities to reduce the high incidence of hardcore poverty among the natives and Bumiputera communities -- Orang Sungei, Rungus, Bisaya and Sulu or Suluk communities in Sabah, and Bidayuh, Kenyah, Kayan, Penan and Lun Bawang communities in Sarawak.
Under the Skim Pembangunan Kesejahteraan Rakyat, a total of RM189 million will be allocated to Sabah and RM139 million to Sarawak to address the high incidence of hardcore poverty among the natives and Bumiputera community.
The development of native and customary land in Sabah and Sarawak will be implemented to benefit the Bumiputera community through the development of commercial and suitable projects. The government has also allocated RM100 million for the development of customary and native land.Sabah's State Infrastructure Development Minister, Datuk Raymond Tan Shu Kiah, welcomed the RM480 million allocation for the Sandakan Water Treatment Plant (Phase 2) project, said the Daily Express on 2 April 2006.
Tan noted that Abdullah, in his speech in Parliament, mentioned the Sandakan Phase 2 project as among the major water supply infrastructure projects in the country. The Minister said the other good news is the allocation of RM786m to upgrade rural roads and improve rural water supply in Sabah.
Does this sound impressive? Do you think the natives and Bumiputera community of East Malaysia are going to see a durian runtuh (windfall)? Well, look again. It is not the natives and Bumiputera community who are getting the lion's share of this money. It is the rich tycoons who have in fact already been awarded the giant contracts and are just waiting for the money under the RMK9 to arrive. And the rich get richer while the poor remain poor.
Who got the RM500 million privatisation contract of Sandakan’s water supply?Who got the RM600 million 15-year road maintenance contract for Sabah State roads?
Who got the hundreds of millions federal road maintenance contract for the whole of Sabah?
Who got the RM18 million 3-year road maintenance contract for Jalan Pantai to Maligan in Sipitang?
Who got the RM800 million to RM1 billion Kota Kinabalu International Airport contract?
Who got the contract to construct the Donggongan to Kimanis highway?
Below are the companies that have been awarded the above jobs:
LINTASAN RESOURCES SDN BHD
Registered address: Lot 1, Block A,
Ground Floor, Wisma TP,
Mile 1 ½, Tuaran Road,
Tuaran, Sabah.
Date of Incorporation: 10 December 2001
Nature of business: Civil and structural contractor and supply of building materials
Authorised Capital: RM5,000,000
Paid up capital: RM1,000,000
Directors:
1) Md Afendi Bin Hamdan
2) Lim Pau Chang
Shareholders:
1) Sasa Teguh Resources (M) Sdn Bhd (550,000 shares)
2) Lintasan Korporat Sdn Bhd (450,000 shares)Accounts (last filed 31 Dec 2003):
Fixed assets: 3,853,544
Current assets: 2,347,072
Total assets: 3,554,672
Current liabilities: 2,645,944
Long term liabilities: 2,264,853
Turnover: 8,840,745
Profit before taxation: 376,170
Profit after taxation: 296,170
Accumulated profit: 289,819
CITY BEST CORPORATION SDN BHD
Registered address:
1st Floor, Lot 2, Block 10, Bandar Indah,
Mile 4, North Road,
Sandakan, Sabah.
Date of Incorporation: 3 January 1991
Nature of business: Construction (front company for ‘Chu Bothers’, Lawrence Chu Jan Taw and Terence Chu Sheng Tau).
Authorised Capital: 1,000,000
Paid up capital: 760,000
Directors:
1) Frederick Venentinus
2) Mastika @ Mai Saidatul
Shareholders:
1) Frederick Venentinus (418,000 shares)
2) Mastika @ Mai Saidatul (342,000 shares)
Accounts (last filed 31 Dec 1997):
Fixed assets: 0
Current assets: 82,298
Total assets: 30,000
Current liabilities: 60,325
Total liabilities: 60,325
Turnover: 0
Profit before taxation: 0
Profit after taxation: 0
Accumulated profit: 0
JATRAYISAN CORPORATION SDN BHD
Registered address:
3E, Lorong Buah Belimbing 1,
Off Jalan Kolombong,
Kota Kinabalu, Sabah
Date of Incorporation: 8 April 2000
Nature of business: Construction
Authorised Capital: 1,000,000
Paid up capital: 760,000
Directors:
1) Chu Jen @ Patrick
2) Noor Jainah Binti Matrin
Shareholders:
1) Chu Jen @ Patrick (15,200 shares)
2) Noor Jainah Binti Matrin (744,800 shares)
Accounts (no information of any accounts filed to date)
KENATEX SDN BHD
Registered address:
Wisma Kenatex,
Mile 5 ½, Jalan Tuaran,
ota Kinabalu, Sabah.
Date of Incorporation: 3 April 1989
Nature of business: Construction
Authorised Capital: 1,000,000
Paid up capital: 750,000
Directors:
1) Murni Bin Teppo
2) Chu Kok Keng
3) Katian Binti Pedin
Shareholders:
1) Katian Binti Pedin (481,600 shares)
2) Surayah Binti Delim (244,000 shares)
3) Murni Bin Teppo (24,400 shares)
Accounts (last filed 31 Dec 2003):
Fixed assets: 706,427
Current assets: 4,899,813
Total assets: (-1,530,958)
Current liabilities: 7,137,198
Total liabilities: 7,239,772
Turnover: 3,242,470
Loss before taxation: 46,412
Loss after taxation: 37,877
Accumulated loss: 2,383,532
Who are the real beneficiaries of the RM200 billion?
MALAYSIA TODAY SPECIAL REPORT ON THE NEP
Raja Petra Kamarudin
Malaysia’s Parliament is currently debating the Ninth Malaysia Plan (Rancangan Malaysia Kesembilan or RMK9) that was tabled by the Prime Minister last week. The plan brought Abdullah Ahmad Badawi to tears. RM200 billion will be spent to develop this nation over five years from 2006 to 2010.
What was not mentioned is that three times this amount will also be spent to run this country. Where in heaven's name are we going to find that much money when Petronas will only contribute about RM150 billion in taxes in that same period? This realisation was what probably caused the tears.
Let us look at what they have planned for East Malaysia, the two states that contribute to 50% of Petronas’ RM59 billion petroleum revenue every year, and the two states that have been allocated the smallest share of the budget though the hardcore poverty in those states are the highest.
RM1.148 billion will be spent to upgrade rural and village roads in Sarawak and Sabah. RM702 million has been allocated to Sarawak and RM446 million to Sabah. Further to that, another RM396 million has been also allocated to Sarawak and RM340 million to Sabah for rural water supply.
In Sabah, the Federal Land Development Authority (FELDA) will address hardcore poverty involving 2,000 households. Further to that, RM150 million will be allocated to FELCRA for agriculture development programmes in Sarawak.
The government will also be taking measures to provide employment and income-generating activities to reduce the high incidence of hardcore poverty among the natives and Bumiputera communities -- Orang Sungei, Rungus, Bisaya and Sulu or Suluk communities in Sabah, and Bidayuh, Kenyah, Kayan, Penan and Lun Bawang communities in Sarawak.
Under the Skim Pembangunan Kesejahteraan Rakyat, a total of RM189 million will be allocated to Sabah and RM139 million to Sarawak to address the high incidence of hardcore poverty among the natives and Bumiputera community.
The development of native and customary land in Sabah and Sarawak will be implemented to benefit the Bumiputera community through the development of commercial and suitable projects. The government has also allocated RM100 million for the development of customary and native land.Sabah's State Infrastructure Development Minister, Datuk Raymond Tan Shu Kiah, welcomed the RM480 million allocation for the Sandakan Water Treatment Plant (Phase 2) project, said the Daily Express on 2 April 2006.
Tan noted that Abdullah, in his speech in Parliament, mentioned the Sandakan Phase 2 project as among the major water supply infrastructure projects in the country. The Minister said the other good news is the allocation of RM786m to upgrade rural roads and improve rural water supply in Sabah.
Does this sound impressive? Do you think the natives and Bumiputera community of East Malaysia are going to see a durian runtuh (windfall)? Well, look again. It is not the natives and Bumiputera community who are getting the lion's share of this money. It is the rich tycoons who have in fact already been awarded the giant contracts and are just waiting for the money under the RMK9 to arrive. And the rich get richer while the poor remain poor.
Who got the RM500 million privatisation contract of Sandakan’s water supply?Who got the RM600 million 15-year road maintenance contract for Sabah State roads?
Who got the hundreds of millions federal road maintenance contract for the whole of Sabah?
Who got the RM18 million 3-year road maintenance contract for Jalan Pantai to Maligan in Sipitang?
Who got the RM800 million to RM1 billion Kota Kinabalu International Airport contract?
Who got the contract to construct the Donggongan to Kimanis highway?
Below are the companies that have been awarded the above jobs:
LINTASAN RESOURCES SDN BHD
Registered address: Lot 1, Block A,
Ground Floor, Wisma TP,
Mile 1 ½, Tuaran Road,
Tuaran, Sabah.
Date of Incorporation: 10 December 2001
Nature of business: Civil and structural contractor and supply of building materials
Authorised Capital: RM5,000,000
Paid up capital: RM1,000,000
Directors:
1) Md Afendi Bin Hamdan
2) Lim Pau Chang
Shareholders:
1) Sasa Teguh Resources (M) Sdn Bhd (550,000 shares)
2) Lintasan Korporat Sdn Bhd (450,000 shares)Accounts (last filed 31 Dec 2003):
Fixed assets: 3,853,544
Current assets: 2,347,072
Total assets: 3,554,672
Current liabilities: 2,645,944
Long term liabilities: 2,264,853
Turnover: 8,840,745
Profit before taxation: 376,170
Profit after taxation: 296,170
Accumulated profit: 289,819
CITY BEST CORPORATION SDN BHD
Registered address:
1st Floor, Lot 2, Block 10, Bandar Indah,
Mile 4, North Road,
Sandakan, Sabah.
Date of Incorporation: 3 January 1991
Nature of business: Construction (front company for ‘Chu Bothers’, Lawrence Chu Jan Taw and Terence Chu Sheng Tau).
Authorised Capital: 1,000,000
Paid up capital: 760,000
Directors:
1) Frederick Venentinus
2) Mastika @ Mai Saidatul
Shareholders:
1) Frederick Venentinus (418,000 shares)
2) Mastika @ Mai Saidatul (342,000 shares)
Accounts (last filed 31 Dec 1997):
Fixed assets: 0
Current assets: 82,298
Total assets: 30,000
Current liabilities: 60,325
Total liabilities: 60,325
Turnover: 0
Profit before taxation: 0
Profit after taxation: 0
Accumulated profit: 0
JATRAYISAN CORPORATION SDN BHD
Registered address:
3E, Lorong Buah Belimbing 1,
Off Jalan Kolombong,
Kota Kinabalu, Sabah
Date of Incorporation: 8 April 2000
Nature of business: Construction
Authorised Capital: 1,000,000
Paid up capital: 760,000
Directors:
1) Chu Jen @ Patrick
2) Noor Jainah Binti Matrin
Shareholders:
1) Chu Jen @ Patrick (15,200 shares)
2) Noor Jainah Binti Matrin (744,800 shares)
Accounts (no information of any accounts filed to date)
KENATEX SDN BHD
Registered address:
Wisma Kenatex,
Mile 5 ½, Jalan Tuaran,
ota Kinabalu, Sabah.
Date of Incorporation: 3 April 1989
Nature of business: Construction
Authorised Capital: 1,000,000
Paid up capital: 750,000
Directors:
1) Murni Bin Teppo
2) Chu Kok Keng
3) Katian Binti Pedin
Shareholders:
1) Katian Binti Pedin (481,600 shares)
2) Surayah Binti Delim (244,000 shares)
3) Murni Bin Teppo (24,400 shares)
Accounts (last filed 31 Dec 2003):
Fixed assets: 706,427
Current assets: 4,899,813
Total assets: (-1,530,958)
Current liabilities: 7,137,198
Total liabilities: 7,239,772
Turnover: 3,242,470
Loss before taxation: 46,412
Loss after taxation: 37,877
Accumulated loss: 2,383,532
posted by Gundohing at
12:36 AM
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