Comments on: Bakun dam to be much worse than PKFZ scandal-BN boleh? http://dayakbaru.com/weblog08/2009/10/18/bakun-dam-to-be-much-worse-than-pkfz-scandal-bn-boleh/ Politics, Education, Economic, Tenchnology Mon, 06 Sep 2010 09:15:22 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Buy Bakun Back? | blog SARAWAK - Everyone are Brothers & Sisters, NO WAR PLEASE http://dayakbaru.com/weblog08/2009/10/18/bakun-dam-to-be-much-worse-than-pkfz-scandal-bn-boleh/comment-page-1/#comment-35684 Buy Bakun Back? | blog SARAWAK - Everyone are Brothers & Sisters, NO WAR PLEASE Mon, 30 Aug 2010 15:57:46 +0000 http://dayakbaru.com/weblog08/?p=5207#comment-35684 [...] Bakun dam to be much worse than PKFZ scandal-BN boleh? Posted by Kua Kia Soong Dr KUA KIA SOONG is… [...] [...] Bakun dam to be much worse than PKFZ scandal-BN boleh? Posted by Kua Kia Soong Dr KUA KIA SOONG is… [...]

]]> By: educated asap http://dayakbaru.com/weblog08/2009/10/18/bakun-dam-to-be-much-worse-than-pkfz-scandal-bn-boleh/comment-page-1/#comment-15859 educated asap Tue, 27 Oct 2009 05:06:22 +0000 http://dayakbaru.com/weblog08/?p=5207#comment-15859 thank you bro. for your recent issue about sg.asap situation. currently the situation is worsen. we the young generation from sg asap area would like to work hand in hand with any NGO organization to overcome BN ruling in this coming election. we are angry,and oppressed so far by all empty promise being thrown out since day one we have move here.so called new development. but i am very sad to say that all what BN had done is just talk only. thank you bro. for your recent issue about sg.asap situation. currently the situation is worsen. we the young generation from sg asap area would like to work hand in hand with any NGO organization to overcome BN ruling in this coming election. we are angry,and oppressed so far by all empty promise being thrown out since day one we have move here.so called new development. but i am very sad to say that all what BN had done is just talk only.

]]> By: Langgai Tinggang http://dayakbaru.com/weblog08/2009/10/18/bakun-dam-to-be-much-worse-than-pkfz-scandal-bn-boleh/comment-page-1/#comment-15743 Langgai Tinggang Sun, 25 Oct 2009 14:32:55 +0000 http://dayakbaru.com/weblog08/?p=5207#comment-15743 Dayakbaru, Even poor people like us also suffer because of mismanagement.Can we trust the present Be End to deliver us from evil? Dayakbaru,

Even poor people like us also suffer because of mismanagement.Can we trust the present Be End to deliver us from evil?

]]> By: Seliong ak Wau http://dayakbaru.com/weblog08/2009/10/18/bakun-dam-to-be-much-worse-than-pkfz-scandal-bn-boleh/comment-page-1/#comment-15583 Seliong ak Wau Thu, 22 Oct 2009 01:59:28 +0000 http://dayakbaru.com/weblog08/?p=5207#comment-15583 This is indeed our own shortcoming – great when it comes to politicking and backbiting, but when issues of mismanagement, embezzlement of billions RM of public funds, none of us are interested or are willing to understand the figures. Without going into the details, there are obvious shortcomings, but none dare to mention them. The contractor value was at RM9.8 billion and now could escalate into RM21 billion. What accounts for the cost over-run? And when you look at this seriously, the paymaster unfortunately is not the “government.” You and I are the payers. As proof, the undersea cable which was estimated at RM4.5 billion has now escalated to RM12 billion – and to pay for that, the turnkey contractor has proposed a 20-year bond issue. Just who will pay for the bond? Yesterday we read how a national bus company “managed” to suffer losses and the danger of it’s bond commitment not met (defaults). The “usual” thing about the losses was purchasing land at 50% above cost and buying expensive busses that did not met the quality standard. But the worse part was: “The bond was issued based on government guarantee.” And that is the problem with bonds for so-called government projects. If the project fails, the revenue can’t cover the bond payment – perintah will settle the amount. And that has become the norm. When perintah pays, it’s from your pocket and mine – will the raise the toll as in PLUS? Will the raise the tariff to keep up with the bond payment? Awareness of embezzlement or impropriation of public funds SHOULD be above politics, above religion, above race. We citizens have to be the eyes and the ears. Today we read how a table-top computer was purchased by a quasi government body for RM41,000. How on earth can that happen? We must also be sad if this Bakun case is turned into a political issue – because it’s not. PKTZ is also not a political issue. These are cases of possible greed and possible dishonesty and must be dealt as such. Who ever is the government of the day, BN or Pakatan, must be willing to confront them because if we fail – we are all partners of a crime against our future generations. My best regards. This is indeed our own shortcoming – great when it comes to politicking and backbiting, but when issues of mismanagement, embezzlement of billions RM of public funds, none of us are interested or are willing to understand the figures.

Without going into the details, there are obvious shortcomings, but none dare to mention them. The contractor value was at RM9.8 billion and now could escalate into RM21 billion. What accounts for the cost over-run? And when you look at this seriously, the paymaster unfortunately is not the “government.” You and I are the payers. As proof, the undersea cable which was estimated at RM4.5 billion has now escalated to RM12 billion – and to pay for that, the turnkey contractor has proposed a 20-year bond issue.

Just who will pay for the bond?

Yesterday we read how a national bus company “managed” to suffer losses and the danger of it’s bond commitment not met (defaults). The “usual” thing about the losses was purchasing land at 50% above cost and buying expensive busses that did not met the quality standard. But the worse part was: “The bond was issued based on government guarantee.”

And that is the problem with bonds for so-called government projects. If the project fails, the revenue can’t cover the bond payment – perintah will settle the amount. And that has become the norm. When perintah pays, it’s from your pocket and mine – will the raise the toll as in PLUS? Will the raise the tariff to keep up with the bond payment?

Awareness of embezzlement or impropriation of public funds SHOULD be above politics, above religion, above race. We citizens have to be the eyes and the ears. Today we read how a table-top computer was purchased by a quasi government body for RM41,000. How on earth can that happen?

We must also be sad if this Bakun case is turned into a political issue – because it’s not. PKTZ is also not a political issue. These are cases of possible greed and possible dishonesty and must be dealt as such. Who ever is the government of the day, BN or Pakatan, must be willing to confront them because if we fail – we are all partners of a crime against our future generations.

My best regards.

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