I have been informed that Rapid KL belong to the Ministry of Finance and not Khazanah. This increases the mystery of the 1,500 buses for Prasarana.
2. I confess I persuaded MTrans to go into the manufacture of the monorail train, build the tracks and operate it. There was no other Malaysian company willing to do so at that time. As the development cost was high I had to assure MTrans it would be given first preference if a monorail is to be built in Kuala Lumpur.
interest is to bring in the technology. I wanted Malaysia not just to
use its own monorail trains but to export them as well.
Foreign companies were only interested in selling the train and the lines i.e. not to invest but to get a Government contract.
being given the rights to risk their own money to acquire monorail
technology, develop and test and then build the system in Kuala Lumpur
when no others were willing constitute monopoly then I stand guilty.
my son-in-law happened to be in this company and I did not penalise
this company I am very sorry. Since no other company was interested
penalising MTrans would mean no Malaysian made monorail train or
3. I did not authorise a bailout of the company. The
Government talked with MTrans for a monorail system for Putrajaya which
could provide some relief for the company.
But the Abdullah
Government cancelled this project after the company had built the
bridge and part of the track. Government only paid a part of the cost.
After this MTrans financial position became worse.
Its value plummeted and Scomi bought only the manufacturing plant in 2006. This was the profitable part of the company.
The Kuala Lumpur Monorail system was acquired by Khazanah when it went into receivership. It was not profitable.
was no bailout i.e. the Government did not inject capital to revive the
company during my premiership. It was a simple purchase by Scomi and
Khazanah of a company bankrupted by a decision of the Government after
I stepped down.
I am glad that after Scomi bought MTrans it is now making profit. But then Scomi bought the profitable manufacturing plant.
Utusan is to be believed Scomi only refurbishes Rapid KL buses. If
refurbishing gives 20 million Ringgit profits in 2006 i.e. the first
year of acquisition as announced by Scomi then the management of Scomi
must be brilliant.
It is also no mean feat to get 70 buses out of 150 buses tendered out by Rapid Penang.
Five other companies got the balance of 80 – or 16 buses each. I wish them luck.
SAPP (Sabah Progressive Party) wants to move a motion of no-confidence
in Dato Seri Abdullah Ahmad Badawi. Apparently SAPP is still confident
in Barisan Nasional.
As expected we hear the usual chorus of pledges by the other BN parties to support Abdullah.
will BN party leaders wake up to the fact that the majority of
Malaysians do not want Dato Seri Abdullah as Prime Minister? It was
this inability to appreciate the feelings of the people that led to the
disastrous 2008 election results by them.
The peninsular BN parties should realise that they have become irrelevant.
Ignore the people and you will find yourself totally rejected.