Opening up a can of worms from Penang Undersea Tunnel project to Ayer Hitam ...

'In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles?

THE trend for P148 looks promising and it will definitely be very hot.

No, I am not giving you any lucky numbers. P148 refers to Ayer Hitam parliamentary constituency in central Johor.

Ayer Hitam did not draw much attention before this. It is seen as a “safe seat” for Barisan Nasional, and has been held by MCA’s Datuk Seri Dr Wee Ka Siong for several terms.

Pakatan Harapan has allocated P148 to DAP. DAP, which was at first reluctant to contest there, told Amanah: “You can contest here under the DAP logo.”

It goes to show that DAP initially did not want to commit to a war it has no full confidence of winning.

But things have changed. Recently, DAP’s top leaders have upgraded the status of P148. Its adviser Lim Kit Siang said if (Pakatan) wants to take over Putrajaya, it has to wrestle Ayer Hitam.

People cannot really comprehend what the direct link is between Ayer Hitam and taking control of Putrajaya.

It would be easier to understand that the Opposition coalition is one step closer to Putrajaya if former premier Tun Dr Mahathir Mohamad wins Pulau Langkawi or Kubang Pasu.

But P148 Ayer Hitam? It is not the seat of (Prime Minister) Datuk Seri Najib Tun Razak, (Deputy Prime Minister) Datuk Seri Dr Ahmad Zahid Hamidi or (Defence Minister) Datuk Seri Hishammuddin Hussein. It is not special at all.

As for Dr Wee, it is still fresh on people’s minds that he has been aggressive in questioning the Penang undersea tunnel project.

Is DAP listing Ayer Hitam as their primary battleground because they want to topple Dr Wee? Does it want to take the MCA deputy president down because he has been critical of the project?

Is this a strategy to attack Dr Wee in order to save Penang Chief Minister Lim Guan Eng and force Dr Wee to stop harping on the tunnel project?

Or perhaps, it is an “act of revenge” to show Dr Wee some colours?

Frankly speaking, I don’t think Dr Wee will back off as he is known for his tough personality.

Quite the contrary, this will further boost his fighting will, prompting him to investigate the undersea tunnel issue further by diving 3km into the deep blue sea to seek answers.

From the people’s point of view, I think the focus should not be on the two personalities.

This does not have to be a battle between Guan Eng and Dr Wee. This should go beyond a spat between them.

It should be an issue of public interest. The public can analyse the case and be the judge.

DAP’s intention to conquer Ayer Hitam will bring the tunnel project issue to a bigger platform for it to be scrutinised and debated. This will be a positive development.

People are interested to know why the feasibility study and detailed designs for the undersea tunnel and three main roads would cost RM305mil.

A point to note is the feasibility study and detailed designs for the three main roads cost more than RM200mil.

A back-of-the-envelope calculation showed that the cost for every kilometre is about RM10mil, based on the total length of 20.3km.

The engineering industry said the cost was “extraordinarily high”. Is the feasibility study so detailed that it will find out how many worms there are in every inch of the land?

The construction cost of the undersea tunnel is RM3.6bil, with the feasibility study and detailed design priced at RM96mil.

Why is the feasibility study for the three roads higher than that of the tunnel when the roads are supposedly easier and cheaper to build?

Guan Eng insisted that not a single sen has been paid. But then, why has the state government transferred parcels of land to the investors involved?

With the exit of the builder from China and the entrance of a local fashion company (in the project’s special purpose vehicle), there is a change in the paid-up capital. This does not match the requirement set earlier. How will the state government handle this?

The reports have yet to be completed and the project has not yet started. Will the tunnel still be built? Penang state executive councillor Chow Kon Yeow said the three main roads would be built first but will this go against the overall concept of the project?

In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles? Why doesn’t the state government build a metro rail? Wouldn’t it better suit the needs of Penangites?

From undersea tunnel to Ayer Hitam, a series of questions and doubts has emerged.

This should not be a dispute between Guan Eng and Dr Wee but an issue of public interest that ought to be explained and clarified.

By Tay Tian Yan, The Star - The writer is Sin Chew Daily deputy editor-in-chief..


Related Links:

Wee: Penang govt can no longer issue denial - Nation

Lim can no longer play dumb over Penang Undersea Tunnel project ...

Wee frustrated over lack of clarification by Penang govt on status of ...

Construction schedule for tunnel project ‘unusual’

Guan Eng hot under the collar over press’ knowledge

Wee dares CM to answer just five questions

Exco questioned for 13 hours - Nation

NGOs: Rail link better, not tunnel - Nation

Lim told state assembly CRCC part of SPV, says Wee - Nation

'Paid-up capital only RM26.5m' - Nation

Wee: Lim must explain the 10% share as claimed - Nation

https://youtu.be/fW6TE27jpuQ

Penang CM refutes tunnel claims

CRCC did not ink contract, says Liow - Nation

Penang has enough roads and linkages, say activists - Nation

Tunnel project given to 82-day-old firm - Nation

Clear air once and for all, Wee tells Penang government - Nation

Penang govt confusing the public with conflicting claims, says Teng ...

Gerakan questions 'early promotion' of property - Nation

  https://youtu.be/TmPHtwy95aI

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Penang govt to blame, says Lau   PETALING JAYA: Barisan Nasional should not be blamed as it is DAP’s own doing that “sabotaged” the ...

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https://www.youtube.com/watch?v=6B9o1baUaP8 https://youtu.be/VL98vA4I2gE Stalled ambition: A view of the Gurney Drive s.

Opening up a can of worms from Penang Undersea Tunnel project to Ayer Hitam ...

'In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles?

THE trend for P148 looks promising and it will definitely be very hot.

No, I am not giving you any lucky numbers. P148 refers to Ayer Hitam parliamentary constituency in central Johor.

Ayer Hitam did not draw much attention before this. It is seen as a “safe seat” for Barisan Nasional, and has been held by MCA’s Datuk Seri Dr Wee Ka Siong for several terms.

Pakatan Harapan has allocated P148 to DAP. DAP, which was at first reluctant to contest there, told Amanah: “You can contest here under the DAP logo.”

It goes to show that DAP initially did not want to commit to a war it has no full confidence of winning.

But things have changed. Recently, DAP’s top leaders have upgraded the status of P148. Its adviser Lim Kit Siang said if (Pakatan) wants to take over Putrajaya, it has to wrestle Ayer Hitam.

People cannot really comprehend what the direct link is between Ayer Hitam and taking control of Putrajaya.

It would be easier to understand that the Opposition coalition is one step closer to Putrajaya if former premier Tun Dr Mahathir Mohamad wins Pulau Langkawi or Kubang Pasu.

But P148 Ayer Hitam? It is not the seat of (Prime Minister) Datuk Seri Najib Tun Razak, (Deputy Prime Minister) Datuk Seri Dr Ahmad Zahid Hamidi or (Defence Minister) Datuk Seri Hishammuddin Hussein. It is not special at all.

As for Dr Wee, it is still fresh on people’s minds that he has been aggressive in questioning the Penang undersea tunnel project.

Is DAP listing Ayer Hitam as their primary battleground because they want to topple Dr Wee? Does it want to take the MCA deputy president down because he has been critical of the project?

Is this a strategy to attack Dr Wee in order to save Penang Chief Minister Lim Guan Eng and force Dr Wee to stop harping on the tunnel project?

Or perhaps, it is an “act of revenge” to show Dr Wee some colours?

Frankly speaking, I don’t think Dr Wee will back off as he is known for his tough personality.

Quite the contrary, this will further boost his fighting will, prompting him to investigate the undersea tunnel issue further by diving 3km into the deep blue sea to seek answers.

From the people’s point of view, I think the focus should not be on the two personalities.

This does not have to be a battle between Guan Eng and Dr Wee. This should go beyond a spat between them.

It should be an issue of public interest. The public can analyse the case and be the judge.

DAP’s intention to conquer Ayer Hitam will bring the tunnel project issue to a bigger platform for it to be scrutinised and debated. This will be a positive development.

People are interested to know why the feasibility study and detailed designs for the undersea tunnel and three main roads would cost RM305mil.

A point to note is the feasibility study and detailed designs for the three main roads cost more than RM200mil.

A back-of-the-envelope calculation showed that the cost for every kilometre is about RM10mil, based on the total length of 20.3km.

The engineering industry said the cost was “extraordinarily high”. Is the feasibility study so detailed that it will find out how many worms there are in every inch of the land?

The construction cost of the undersea tunnel is RM3.6bil, with the feasibility study and detailed design priced at RM96mil.

Why is the feasibility study for the three roads higher than that of the tunnel when the roads are supposedly easier and cheaper to build?

Guan Eng insisted that not a single sen has been paid. But then, why has the state government transferred parcels of land to the investors involved?

With the exit of the builder from China and the entrance of a local fashion company (in the project’s special purpose vehicle), there is a change in the paid-up capital. This does not match the requirement set earlier. How will the state government handle this?

The reports have yet to be completed and the project has not yet started. Will the tunnel still be built? Penang state executive councillor Chow Kon Yeow said the three main roads would be built first but will this go against the overall concept of the project?

In the very first place, does Penang really need an undersea tunnel and three main highways? Are the new infrastructures going to solve the congestion in Penang or bring in more vehicles? Why doesn’t the state government build a metro rail? Wouldn’t it better suit the needs of Penangites?

From undersea tunnel to Ayer Hitam, a series of questions and doubts has emerged.

This should not be a dispute between Guan Eng and Dr Wee but an issue of public interest that ought to be explained and clarified.

By Tay Tian Yan, The Star - The writer is Sin Chew Daily deputy editor-in-chief..


Related Links:

Wee: Penang govt can no longer issue denial - Nation

Lim can no longer play dumb over Penang Undersea Tunnel project ...

Wee frustrated over lack of clarification by Penang govt on status of ...

Construction schedule for tunnel project ‘unusual’

Guan Eng hot under the collar over press’ knowledge

Wee dares CM to answer just five questions

Exco questioned for 13 hours - Nation

NGOs: Rail link better, not tunnel - Nation

Lim told state assembly CRCC part of SPV, says Wee - Nation

'Paid-up capital only RM26.5m' - Nation

Wee: Lim must explain the 10% share as claimed - Nation

https://youtu.be/fW6TE27jpuQ

Penang has enough roads and linkages, say activists - Nation

Tunnel project given to 82-day-old firm - Nation

Clear air once and for all, Wee tells Penang government - Nation

Penang govt confusing the public with conflicting claims, says Teng ...

Gerakan questions 'early promotion' of property - Nation

  https://youtu.be/TmPHtwy95aI

Related posts:

Tough questions on Penang turnel project; Engineering Consultant arrested in probe

https://youtu.be/ssVkoxxvIAA https://youtu.be/JRGwMXwkm1c https://youtu.be/xbSZ55BNyQM In-depth query: A screen grab of t...

Who is sabotaging Penang undersea tunnel project?

Penang govt to blame, says Lau   PETALING JAYA: Barisan Nasional should not be blamed as it is DAP’s own doing that “sabotaged” the ...

PTMP: Losses making fashion company in Penang Undersea Tunnel Project

Filepic: PenangPropertyTalk Did the Penang Govt do a "bait and switch" on the Penang people? That was the question pose...

Penang undersea tunnel project scrutinized by the Malaysian Anti Corruption Commission (MACC)

In troubled waters: An artist’s impression showing where the tunnel project will start on the island.   Land swap under...

Penang Transport Master Plan (PTMP) - Tunnel project rocked, Directors arrested in graft probe

https://www.youtube.com/watch?v=6B9o1baUaP8 https://youtu.be/VL98vA4I2gE Stalled ambition: A view of the Gurney Drive s.

Jack Ma's Alibaba to take on Kuala Lumpur’s traffic Artificial Intellligence project

Alibaba Cloud, which set up a datacentre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said. — Reuters

https://youtu.be/MwixREUJOI0

Jack Ma's Life Advice Will Change Your Life (MUST WATCH) 

https://youtu.be/lYGGpc2mMno

KUALA LUMPUR: Alibaba Group will set up a traffic control system harnessing artificial intelligence for Malaysia's capital Kuala Lumpur, its first such service outside China, as the e-commerce giant pushes to grow its cloud computing business.

Alibaba Cloud, the cloud computing arm of Alibaba Group, said on Monday it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.

It is partnering with state agency Malaysia Digital Economy Corporation (MDEC) and the Kuala Lumpur city council to roll out the technology, which would be localised and integrated with 500 inner city cameras by May.

The partnership comes after Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak launched an "e-hub" facility last year, part of an initiative aimed at removing trade barriers for smaller firms and emerging nations.

Alibaba Cloud, which set up a data centre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said on Jan 29.

He declined to elaborate on the company's total investments made and planned for in Malaysia, but said it was "no small amount" and that the investments would continue if there was demand for cloud computing technologies.

MDEC's chief executive officer Yasmin Mahmood said there was no estimate of City Brain's impact on traffic in Kuala Lumpur yet. The traffic management system in the Chinese city of Hangzhou had resulted in reports of traffic violations with up to 92% accuracy, emergency vehicles reaching their destinations in half the time and overall increase in traffic speed by 15%.

Najib has forged close ties with China in recent years. Last year, the Malaysian leader announced a slew of infrastructure projects, many funded by China, as he worked up momentum towards a general election he must call by the middle of this year. — Reuters

Related :  Alibaba To Take On Kuala Lumpur's Traffic In First Foreign Artificial Intelligence Project

Relaterd Post

Jack Ma advisor to Malaysian Govt on digital economy to start with e-FTZ

Jack Ma's Alibaba to take on Kuala Lumpur’s traffic Artificial Intellligence project

Alibaba Cloud, which set up a datacentre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said. — Reuters

https://youtu.be/MwixREUJOI0

Jack Ma's Life Advice Will Change Your Life (MUST WATCH) 

https://youtu.be/lYGGpc2mMno

KUALA LUMPUR: Alibaba Group will set up a traffic control system harnessing artificial intelligence for Malaysia's capital Kuala Lumpur, its first such service outside China, as the e-commerce giant pushes to grow its cloud computing business.

Alibaba Cloud, the cloud computing arm of Alibaba Group, said on Monday it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.

It is partnering with state agency Malaysia Digital Economy Corporation (MDEC) and the Kuala Lumpur city council to roll out the technology, which would be localised and integrated with 500 inner city cameras by May.

The partnership comes after Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak launched an "e-hub" facility last year, part of an initiative aimed at removing trade barriers for smaller firms and emerging nations.

Alibaba Cloud, which set up a data centre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said on Jan 29.

He declined to elaborate on the company's total investments made and planned for in Malaysia, but said it was "no small amount" and that the investments would continue if there was demand for cloud computing technologies.

MDEC's chief executive officer Yasmin Mahmood said there was no estimate of City Brain's impact on traffic in Kuala Lumpur yet. The traffic management system in the Chinese city of Hangzhou had resulted in reports of traffic violations with up to 92% accuracy, emergency vehicles reaching their destinations in half the time and overall increase in traffic speed by 15%.

Najib has forged close ties with China in recent years. Last year, the Malaysian leader announced a slew of infrastructure projects, many funded by China, as he worked up momentum towards a general election he must call by the middle of this year. — Reuters

Related :  Alibaba To Take On Kuala Lumpur's Traffic In First Foreign Artificial Intelligence Project

Relaterd Post

Jack Ma advisor to Malaysian Govt on digital economy to start with e-FTZ

Malaysia to end cronyism?

https://youtu.be/vmqElJnDURI

https://youtu.be/FIuh_cOpcKU

https://youtu.be/zT4LGh2DO2o

KUALA LUMPUR: The Government has vowed to end “crony capitalists” whose wealth came at the cost of ordinary Malaysians, said Datuk Seri Najib Tun Razak.

The Prime Minister said lessons had been learnt from past mistakes in planning Malaysia’s economic transformation, after confronting many “legacy issues” along the way.

“Some of the country’s development under a former leader came with an unnecessary price tag, in the form of a class of crony capitalists,” he said in his keynote address at Invest Malaysia 2018 yesterday.

Citing public transport as an example, Najib said massive overhauls had to be done to rectify the issue.

“For decades, public transport was neglected. It was incoherent, with different owners, different systems and certainly no integration

“One man’s obsession with the idea of a national car – which is now being turned around under international joint ownership – led to Malaysia lacking an efficient public transport system.

“This was a serious obstacle to achieve high-income status and for Kuala Lumpur to be a world-class capital,” he said.

Although no name was mentioned throughout his speech, it was an apparent dig at former premier Tun Dr Mahathir Mohamad.

Najib also said that during this time, the Government had signed independent power producer concessions that were lopsided.

“Consumers had to pay far more for energy than they should have, even for energy they were not using.

“This was a real burden to the people, so we renegotiated these concessions – and determined that in the future, we would not allow private companies to earn excessively at the expense of ordinary Malaysians,” he said.

Najib also pointed out that the ringgit had been pegged against the US dollar for “far too long”.

“Investors and global markets lost confidence in us, and it took a long time to win that back. That was a very heavy cost to the country,” he said, stressing that the Government would never repeat that measure.

He also spoke on the challenges at state-owned institutions, such as 1Malaysia Development Bhd (1MDB), which were amplified and used as a tool to suggest that Malaysia’s economy was collapsing.

“I’m not going to brush over this issue. There were indeed failings at the company, there were lapses of governance. There was a valid cause for concern.

“This is why I ordered one of the most comprehensive and detailed investigations in Malaysia’s corporate history, one that involved multiple lawful authorities, including a bipartisan parliamentary body.

“Their findings were taken on board and the company’s board was dissolved, its management team changed and its operations reviewed,” he said.

On another note, Najib rubbished claims that Malaysia was welcoming foreign direct investments (FDIs) by selling out the nation’s sovereignty.

“My Government will never sacrifice an inch of our sovereignty,” he said, adding that while RM63bil in FDI stock came from China and Hong Kong, there was more from Japan at RM70bil.

“You don’t hear anyone warning that we are selling our country to the Japanese.

“Of course not. They are most welcome here. So are investors from Africa, the Americas, China, the European Union, India, Saudi Arabia and around the world,” he said.

Malaysia continues to improve in three key areas

Moving forward: Najib attending the Invest Malaysia 2018 launch together with (from left) Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Chief Secretary Tan Sri Dr Ali Hamsa, Finance Minister II Datuk Seri Johari Abdul Ghani, Bursa Malaysia chairman Tan Sri Amirsham Abdul Aziz and Malayan Banking Bhd chairman Datuk Mohaiyani Shamsudin in Kuala Lumpur.

KUALA LUMPUR: Malaysia will continue to develop three key areas – transparency, accountability and efficiency – to attract more investments, said Datuk Seri Najib Tun Razak.

The Prime Minister observed that the country’s excellent economic and financial fundamentals had greatly benefitted local and foreign investors, providing them with stability, strength and certainty.

“We will continue to make our country even more business- and market-friendly, which means we are always working to improve transparency, accountability and efficiency.

“The Securities Commission, Bursa Malaysia, Bank Negara Malaysia and the Finance Ministry have continuously introduced and supported measures to increase the dynamism of our capital market.

“Towards this objective, I can assure you that we can expect further measures in the near future,” he said in his keynote address at Invest Malaysia 2018 here yesterday.

The two-day annual event is jointly organised by Bursa Malaysia Bhd and Maybank. A total of 61 local companies, with a combined market capitalisation of RM767.6bil were featured in the event.

The Prime Minister also cited figures that justified the confidence in Malaysia shown by investors and global institutions.

“Our total trade grew strongly by 20.8% between January and November last year, while in November alone, gross exports reached double-digit growth of 14.4%, with the highest receipts ever recorded, at RM83.5bil.

“Last year, foreign net fund inflow recorded a positive RM10.8bil, the highest since 2012, while corporate bond and new sukuk issuance reached RM111.2bil for 11 months of the year, close to 30% higher than the whole of 2016,” he said.

Najib also observed that Malaysia has enjoyed years of strong growth, with figures that most developed economies “could only dream of”, even during times of economic uncertainty.

“In fact, last year Malaysia exceeded all expectations, with the World Bank having to revise its estimate for our growth upwards not once, not twice, but three times – to 5.8%,” he said.

Najib added the World Economic Global Competitiveness index for 2017 and 2018 rate Malaysia very highly out of 137 countries.

The country is ranked third for Strength of Investor Protection, fifth for Pay and Productivity, fifth for the low Burden of Government Regulation and 14th for the Quality of Education System.

“The International Monetary Fund has also praised our sound macroeconomic policy responses in the face of significant headwinds and risks.

“The World Bank also recently confirmed that it believes Malaysia is on track, and that we are expected to achieve high-income status in the next few years,” he said.

 Source: The Staronline


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Malaysia to end cronyism?

https://youtu.be/vmqElJnDURI

https://youtu.be/FIuh_cOpcKU

https://youtu.be/zT4LGh2DO2o

KUALA LUMPUR: The Government has vowed to end “crony capitalists” whose wealth came at the cost of ordinary Malaysians, said Datuk Seri Najib Tun Razak.

The Prime Minister said lessons had been learnt from past mistakes in planning Malaysia’s economic transformation, after confronting many “legacy issues” along the way.

“Some of the country’s development under a former leader came with an unnecessary price tag, in the form of a class of crony capitalists,” he said in his keynote address at Invest Malaysia 2018 yesterday.

Citing public transport as an example, Najib said massive overhauls had to be done to rectify the issue.

“For decades, public transport was neglected. It was incoherent, with different owners, different systems and certainly no integration

“One man’s obsession with the idea of a national car – which is now being turned around under international joint ownership – led to Malaysia lacking an efficient public transport system.

“This was a serious obstacle to achieve high-income status and for Kuala Lumpur to be a world-class capital,” he said.

Although no name was mentioned throughout his speech, it was an apparent dig at former premier Tun Dr Mahathir Mohamad.

Najib also said that during this time, the Government had signed independent power producer concessions that were lopsided.

“Consumers had to pay far more for energy than they should have, even for energy they were not using.

“This was a real burden to the people, so we renegotiated these concessions – and determined that in the future, we would not allow private companies to earn excessively at the expense of ordinary Malaysians,” he said.

Najib also pointed out that the ringgit had been pegged against the US dollar for “far too long”.

“Investors and global markets lost confidence in us, and it took a long time to win that back. That was a very heavy cost to the country,” he said, stressing that the Government would never repeat that measure.

He also spoke on the challenges at state-owned institutions, such as 1Malaysia Development Bhd (1MDB), which were amplified and used as a tool to suggest that Malaysia’s economy was collapsing.

“I’m not going to brush over this issue. There were indeed failings at the company, there were lapses of governance. There was a valid cause for concern.

“This is why I ordered one of the most comprehensive and detailed investigations in Malaysia’s corporate history, one that involved multiple lawful authorities, including a bipartisan parliamentary body.

“Their findings were taken on board and the company’s board was dissolved, its management team changed and its operations reviewed,” he said.

On another note, Najib rubbished claims that Malaysia was welcoming foreign direct investments (FDIs) by selling out the nation’s sovereignty.

“My Government will never sacrifice an inch of our sovereignty,” he said, adding that while RM63bil in FDI stock came from China and Hong Kong, there was more from Japan at RM70bil.

“You don’t hear anyone warning that we are selling our country to the Japanese.

“Of course not. They are most welcome here. So are investors from Africa, the Americas, China, the European Union, India, Saudi Arabia and around the world,” he said.

Malaysia continues to improve in three key areas

Moving forward: Najib attending the Invest Malaysia 2018 launch together with (from left) Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Chief Secretary Tan Sri Dr Ali Hamsa, Finance Minister II Datuk Seri Johari Abdul Ghani, Bursa Malaysia chairman Tan Sri Amirsham Abdul Aziz and Malayan Banking Bhd chairman Datuk Mohaiyani Shamsudin in Kuala Lumpur.

KUALA LUMPUR: Malaysia will continue to develop three key areas – transparency, accountability and efficiency – to attract more investments, said Datuk Seri Najib Tun Razak.

The Prime Minister observed that the country’s excellent economic and financial fundamentals had greatly benefitted local and foreign investors, providing them with stability, strength and certainty.

“We will continue to make our country even more business- and market-friendly, which means we are always working to improve transparency, accountability and efficiency.

“The Securities Commission, Bursa Malaysia, Bank Negara Malaysia and the Finance Ministry have continuously introduced and supported measures to increase the dynamism of our capital market.

“Towards this objective, I can assure you that we can expect further measures in the near future,” he said in his keynote address at Invest Malaysia 2018 here yesterday.

The two-day annual event is jointly organised by Bursa Malaysia Bhd and Maybank. A total of 61 local companies, with a combined market capitalisation of RM767.6bil were featured in the event.

The Prime Minister also cited figures that justified the confidence in Malaysia shown by investors and global institutions.

“Our total trade grew strongly by 20.8% between January and November last year, while in November alone, gross exports reached double-digit growth of 14.4%, with the highest receipts ever recorded, at RM83.5bil.

“Last year, foreign net fund inflow recorded a positive RM10.8bil, the highest since 2012, while corporate bond and new sukuk issuance reached RM111.2bil for 11 months of the year, close to 30% higher than the whole of 2016,” he said.

Najib also observed that Malaysia has enjoyed years of strong growth, with figures that most developed economies “could only dream of”, even during times of economic uncertainty.

“In fact, last year Malaysia exceeded all expectations, with the World Bank having to revise its estimate for our growth upwards not once, not twice, but three times – to 5.8%,” he said.

Najib added the World Economic Global Competitiveness index for 2017 and 2018 rate Malaysia very highly out of 137 countries.

The country is ranked third for Strength of Investor Protection, fifth for Pay and Productivity, fifth for the low Burden of Government Regulation and 14th for the Quality of Education System.

“The International Monetary Fund has also praised our sound macroeconomic policy responses in the face of significant headwinds and risks.

“The World Bank also recently confirmed that it believes Malaysia is on track, and that we are expected to achieve high-income status in the next few years,” he said.

 Source: The Staronline

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MACC arrests Perlis DID senior officer by awarding projects to Crony Contractors - Nation

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Govt watching seven PLCs with no women directors


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Absorb New ways to prevent floods

Sponge City: Solutions for China's Thirsty & Flooded cities

 China's 'sponge city' projects may be worthwhile examples for Malaysia.

"Only about 20~30% of rainwater infiltrates the ground in urban areas, so it breaks the naturual water circulation.- Wen Mei Dubbelaar"

Last week, it was the turn of Petaling Jaya, Gombak and Sungai Buloh to be the latest major urban areas in Malaysia to suffer flash floods (Flash floods wreak havoc in PJ - Nation). Scenes of cars and buildings submerged in muddy water are now almost an everyday thing. The focus should now shift from the bad situations to the solutions.

It was also last week that I attended a briefing organised by civil society groups for Penang and Seberang Perai municipal officials and members. The briefing was on the recent floods.

Later, I came across several articles on how China is turning 30 of its flood-prone areas into “sponge cities” to prevent floods and retain rainwater.

The Chinese plan big and fast. It launched the sponge city project only in 2015, but it aims to retain 70% of rain in 80% of urban areas by 2020. The sponge concept is set to spread rapidly as part of global efforts to reduce the impact of increased rainfall and floods, and climate change.

The concept figured prominently at the briefing chaired by Penang state exco member Chow Kon Yeow. Scientist Dr Kam Suan Pheng introduced it when explaining the floods.

She contrasted the present situation when rain falls with what used to happen. In the past, 50% of the rain seeped through the natural ground cover (trees, grass, etc) and into the ground. There was 10% water runoff (to rivers and drains) and 40% evapotranspiration (water going back to the atmosphere).

The trees and green spaces act as a sponge to absorb the rainwater that infiltrates the soil, preventing the water from building up into flash floods.

Due to urbanisation, the green spaces have been paved over with cement and concrete. Now, only 15% of the rain infiltrates the soil, while the runoff has increased to 55% and evapotranspiration is 30%. The sponge now absorbs 15% of the rainwater compared to the previous 50%.

Dr Kam quoted former Penang Water Authority general manager Kam U-Tee as saying that the October 2008 Penang floods were caused by conversion of the valleys into “concrete aprons that do not retain water”. As a result, the water immediately flowed into streams, causing flash floods, even with moderate rainfall.

Given this analysis, a key part of tackling the floods is to reverse the loss of the sponge. In recent decades, Malaysia has seen the conversion of a lot of farms, parks, trees and grass areas into concrete jungles of roads, houses, commercial buildings and car parks.

There now has to be high sensitivity to the valuable environmental and economic roles of trees, gardens, fields and grasslands, and parks. The aim of garden cities is not just to be pleasing to the eye but to be a very important part of development as well.

Now comes the role of sponge cities. The world is applauding the Chinese initiative to counter floods and improve water security by building up the natural cover (or sponge) in its cities.

In 2010, landslides during flooding killed 700 in three quarters of China’s provinces. Last year, rains flooded southern China, destroying homes and killing around 60 people.

In 2015, China launched the Sponge City initiative, which now covers 30 cities, including Shanghai, Xiamen and Wuhan. The target: by 2020, 80% of its urban areas will absorb and re-use 70% of rainwater.

The many types of projects include:

• > Constructing permeable roads that enable water to infiltrate the ground;
• > Replacing pavements on roads and parks to make them permeable;
• > Building wetlands to absorb and store rainwater;
• > Constructing rooftop gardens (for example, 4.3 million square feet in Shanghai);
• > Plant trees on streets and public squares;
• > Build community gardens and parks to expand green spaces; and
• > Build manmade lakes and preserve agricultural land to hold water.

“In the natural environment, most precipitation infiltrates the ground or is received by surface water, but this is disrupted when there are large-scale hard pavements,” said Wen Mei Dubbelaar, water management director at China Arcadis, in words similar to Dr Kam’s.

“Now only about 20-30% of rainwater infiltrates the ground in urban areas, so it breaks the natural water circulation and causes water logging and surface water pollution,” said Wen in an interview with The Guardian.

In Shanghai’s Lingang district, the streets are built with permeable pavements. There are rain gardens filled with soil and plants, buildings feature green rooftops and water tanks, and a manmade lake controls water flows, reports The Guardian.

Prof Hui Li at Tongji University said the first thing is to preserve or restore natural waterways as that is the natural way to reduce flooding risk.

The problem in Wuhan is that a lot of small rivers were filled in during building. But Lingang still has agriculture land and a lake to hold more water during heavy rain.

What about the cost factor? So far the cities have received over US$12bil (RM47.4bil) for sponge projects. The central government funds 15-20% of costs, and the rest is from local governments and private developers.

But compare this to the US$100bil (RM395bil) of direct economic losses due to floods in China between 2011 and 2014, plus the human lives lost.

Sponge cities are the way to go for the future. Our own governments – federal, state and municipal – should study this option seriously, as the public braces itself for more floods ahead.

- Global Trends by Martin Khor

Martin Khor is executive director of the South Centre. The views expressed here are entirely his own.


Related Links

China's Sponge City: Flooding Solutions

 

10 measures to prevent (urban) flooding - Wavin

 

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 China's 'sponge city' projects may be worthwhile examples for Malaysia.

"Only about 20~30% of rainwater infiltrates the ground in urban areas, so it breaks the naturual water circulation.- Wen Mei Dubbelaar"

Last week, it was the turn of Petaling Jaya, Gombak and Sungai Buloh to be the latest major urban areas in Malaysia to suffer flash floods (Flash floods wreak havoc in PJ - Nation). Scenes of cars and buildings submerged in muddy water are now almost an everyday thing. The focus should now shift from the bad situations to the solutions.

It was also last week that I attended a briefing organised by civil society groups for Penang and Seberang Perai municipal officials and members. The briefing was on the recent floods.

Later, I came across several articles on how China is turning 30 of its flood-prone areas into “sponge cities” to prevent floods and retain rainwater.

The Chinese plan big and fast. It launched the sponge city project only in 2015, but it aims to retain 70% of rain in 80% of urban areas by 2020. The sponge concept is set to spread rapidly as part of global efforts to reduce the impact of increased rainfall and floods, and climate change.

The concept figured prominently at the briefing chaired by Penang state exco member Chow Kon Yeow. Scientist Dr Kam Suan Pheng introduced it when explaining the floods.

She contrasted the present situation when rain falls with what used to happen. In the past, 50% of the rain seeped through the natural ground cover (trees, grass, etc) and into the ground. There was 10% water runoff (to rivers and drains) and 40% evapotranspiration (water going back to the atmosphere).

The trees and green spaces act as a sponge to absorb the rainwater that infiltrates the soil, preventing the water from building up into flash floods.

Due to urbanisation, the green spaces have been paved over with cement and concrete. Now, only 15% of the rain infiltrates the soil, while the runoff has increased to 55% and evapotranspiration is 30%. The sponge now absorbs 15% of the rainwater compared to the previous 50%.

Dr Kam quoted former Penang Water Authority general manager Kam U-Tee as saying that the October 2008 Penang floods were caused by conversion of the valleys into “concrete aprons that do not retain water”. As a result, the water immediately flowed into streams, causing flash floods, even with moderate rainfall.

Given this analysis, a key part of tackling the floods is to reverse the loss of the sponge. In recent decades, Malaysia has seen the conversion of a lot of farms, parks, trees and grass areas into concrete jungles of roads, houses, commercial buildings and car parks.

There now has to be high sensitivity to the valuable environmental and economic roles of trees, gardens, fields and grasslands, and parks. The aim of garden cities is not just to be pleasing to the eye but to be a very important part of development as well.

Now comes the role of sponge cities. The world is applauding the Chinese initiative to counter floods and improve water security by building up the natural cover (or sponge) in its cities.

In 2010, landslides during flooding killed 700 in three quarters of China’s provinces. Last year, rains flooded southern China, destroying homes and killing around 60 people.

In 2015, China launched the Sponge City initiative, which now covers 30 cities, including Shanghai, Xiamen and Wuhan. The target: by 2020, 80% of its urban areas will absorb and re-use 70% of rainwater.

The many types of projects include:

• > Constructing permeable roads that enable water to infiltrate the ground;
• > Replacing pavements on roads and parks to make them permeable;
• > Building wetlands to absorb and store rainwater;
• > Constructing rooftop gardens (for example, 4.3 million square feet in Shanghai);
• > Plant trees on streets and public squares;
• > Build community gardens and parks to expand green spaces; and
• > Build manmade lakes and preserve agricultural land to hold water.

“In the natural environment, most precipitation infiltrates the ground or is received by surface water, but this is disrupted when there are large-scale hard pavements,” said Wen Mei Dubbelaar, water management director at China Arcadis, in words similar to Dr Kam’s.

“Now only about 20-30% of rainwater infiltrates the ground in urban areas, so it breaks the natural water circulation and causes water logging and surface water pollution,” said Wen in an interview with The Guardian.

In Shanghai’s Lingang district, the streets are built with permeable pavements. There are rain gardens filled with soil and plants, buildings feature green rooftops and water tanks, and a manmade lake controls water flows, reports The Guardian.

Prof Hui Li at Tongji University said the first thing is to preserve or restore natural waterways as that is the natural way to reduce flooding risk.

The problem in Wuhan is that a lot of small rivers were filled in during building. But Lingang still has agriculture land and a lake to hold more water during heavy rain.

What about the cost factor? So far the cities have received over US$12bil (RM47.4bil) for sponge projects. The central government funds 15-20% of costs, and the rest is from local governments and private developers.

But compare this to the US$100bil (RM395bil) of direct economic losses due to floods in China between 2011 and 2014, plus the human lives lost.

Sponge cities are the way to go for the future. Our own governments – federal, state and municipal – should study this option seriously, as the public braces itself for more floods ahead.

- Global Trends by Martin Khor

Martin Khor is executive director of the South Centre. The views expressed here are entirely his own.


Related Links

China's Sponge City: Flooding Solutions

 

10 measures to prevent (urban) flooding - Wavin

 

Related posts:

Make environment our 2018 priority

Our Environment is Our Life - YouTube THE year has barely started, and already we have so many reports of weather and climate-related e...

Penang floods and landslides, looking beyound natural causes!

Seeking solutions: Penang Forum member and soil expert Dr Kam Suan Pheng giving her views during the dialogue session themed ‘Penang Fl...

IJM hill clearing & Trehaus construction damaged nearby houses since 2014 must be mitigated quickly!

Behind BJ Cove houses at Lintang Bukit Jambul 1 is an IJM Trehaus Project.  Approximate Coordinates : 5°20'38.47"N,100°16'...

PAC blamed Penang Island City Council (MBPP) for failing to enforce laws on hillside development Becoming bald: A view of the clearing work seen at Bukit Relau which was visible from the Penang Bridge in November last year. GEORGE..

Penang landslide tragedy, why it happened?

Speaking out: Penang Forum members protesting outside the CAP office in George Town. Don’t just make it about worker safety issues ..

Hills, landslides, floods and damaged houses: What to do?

https://youtu.be/kslhytLg-Wc Hills, landslides and floods: What to do?   The mega floods in Penang which followed the landslide...

 

Penang landslide tragedy, plea went unheeded, no one listened !

https://youtu.be/yqtdkBsipCU Suspicious activity: A photo taken from Penang social activist Anil Netto's blog showing an active s..