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April 29, 2006
Transport Hub
The pieces fall into place nicely:
Scomi Engineering Bhd is acquiring a 51% stake in MTrans Transportation Systems Sdn Bhd for RM30 million to provide it a platform to be a key player in urban transportation.Scomi Engineering had on April 28 signed an agreement with Kiara Kilau Sdn Bhd, which owns 100% stake in MTrans, to acquire the 51% stake. MTrans owns bus manufacturer MTRans Bus Sdn Bhd and MTRans Technology Bhd, which specialises in monorail systems and technology.
... "With its range of core competencies, MTrans will enhance Scomi Engineering’s capability in the fabrication, assembly and fittings of special-purpose vehicles, particularly buses," he [Scomi Engineering senior vice president Hilmy Zaini] added. [The Edge]
In March, Malay Mail reported that KTM had in 2005 awarded a five-year RM50 million contract to Scomi Group "to overhaul and maintain" as many as 1,000 wagons.
Also in March, Business Times reported that Scomi Group was going to submit a bid for a RM120 million contract "to make body parts for about 400 buses for state-owned Syarikat Prasarana Negara Bhd."
Now, if we build a monorail system for Penang, I wonder who's gonna do it?
Posted by aisehman at April 29, 2006 07:00 PM
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Comments
It fell too nicely and conveniently too. After all the promise of transprency and openness, finally the contract is going to be serviced by higher up's best friend and crony. Sigh. Double sigh.
Posted by: Kiddy at April 29, 2006 08:09 PM
i believe that is a rhetorical question.
Posted by: bayi at April 29, 2006 10:07 PM
Hmm...... what about the other news that MTrans might get the monorail contract from the South Korean government?
Posted by: Boss Lepton at April 30, 2006 06:18 AM
Cronyism (did I spelt that right?) at it's best!!
Transparency!! Responsibility!! Accountability!!
Posted by: normal joe at April 30, 2006 05:08 PM
Different shit, same smell.
Posted by: Godfather at April 30, 2006 10:25 PM
AAB, the king of slogans, has to be the biggest hypocrite of all our PMs. At least Mahathir didn't pretend that he was transparent and accountable to anyone. This PM exhorts everyone to be transparent and accountable, then quietly allows his relatives to corner government contracts and take over government companies. When is the rakyat going to see through his masquerade of Islam Hadhari ?
Posted by: Godfather at April 30, 2006 10:58 PM
Just confirms that David Chew has managed yet another Con. Poor Kamaludin and his Scomi fell for this Big Time.
Badawi now is consigned to hsitory as a Real Jerk - the worse of the kind that lapped on the heart of Religion - and hoping to fool everyone.
Except he is fooled too !
Posted by: anissa@hotmail.com at April 30, 2006 11:01 PM
What else can we say. :'(
Charity starts at home. !!!!
Posted by: ybk at May 1, 2006 06:23 PM
i am tired of spin doctors, very tired. prices keep going up... i am tired. aisehman, what can we do to arrest this nonsense.
Posted by: jango ang at May 2, 2006 03:54 AM
Politics of making money.
Maneuvouring so that Previous PM mahathir
crony & proxy kept in check, new crony
gets money n more power.
Posted by: skoope@email.com at May 2, 2006 10:50 AM
K economy la brother .. Khairy, Kamaludin, Kalimullah ..
Posted by: x06editor at May 7, 2006 01:47 PM