2010 1st quarter economic growth more than 10 percent!

/* May 6th, 2010 by poobalan | View blog reactions No comments »
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A very positive news indeed.  Can say economy is picking up, so expect increases in prices soon. BTW, our national imports also increased 45.3% in March,

The country’s economy is likely to register growth of more than 10% in the first three months of the year – an achievement not seen in the last 10 years.

The latest economic indicators show a positive trend. Exports in March grew by 36.4% beating the market forecast of 22.4%. Imports rose by 45.3% (forecasts were around 30%).

The London-based Financial Times says: “Given Malaysia’s high exposure to trade, the numbers bode well for first quarter gross domestic product growth”.

Analysts from major banks, local and international, put the first three months’ growth at between 9.8% and 12% and they expect the trend to continue for the second quarter making it a “very good first half of the year for Malaysia.”

As a result, the analysts are also revising upwards their estimates for Malaysia’s GDP growth forecast for the year. Banks are now forecasting the annual GDP to grow by between 8% and 11% as compared to Bank Negara’s earlier estimate of between 4.5% and 5%.

“Given the recent developments in both domestic and external conditions, we are confident our 2010 forecast of 8% should be achievable,” said Ambank group chief economist Manokaran Mottain in his Economic update released here yesterday.

He also noted that besides the surge in exports, there was a marked improvement in private sector spending, especially by households. Big ticket items such as cars have seen increased sales.

According to the Malaysian Automotive Association, auto sales surged 25% year-on-year in March to 56,139 units, up from 44,896 in the same month last year.

HSBC Global Research economist Robert Prior-Wandesforde in his report entitled “From bust to boom – double-digit GDP growth in Singapore and Malaysia?” noted that the recovery of the economy came three months faster than expected.

While the Financial Times said, “Malaysia is roaring out of recession even faster than expected”.

The country’s key economic indicators including the export figures were released on Tuesday.

Malaysia’s exports recorded a new high for the month of March, amounting to RM59.44bil, registering a significant growth of 36.4% year-on-year. This was also the highest post-crisis monthly exports recorded since September 2008. Imports rose 45.3% to RM45.09bil.

The increase in exports was largely contributed by increases in exports of electrical and electronic (E&E) products, which surged 31.8%; chemicals and chemical products, (+60.8%); palm oil, (+49.3%); transport equipment, (+188.4%); as well as crude petroleum (+55.8%).

did you know that….

/* May 5th, 2010 by poobalan | View blog reactions No comments »
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only fully-aided schools have the privilege of having their utilities bills paid by federal government? The partially-aided schools have to pay themselves using the funds allocated by government for their administration. The downside to this is that schools have little left after paying bills, that it impacts school administration. That’s why some school neglect paying bills, and you read in paper that they are in arrears, owing utilities companies some money. In the end, government still have to bail them out.

Why not just standardise the payment method for all schools?

Sin Chew Daily reported that Chinese education group Dong Jiao Zong was unhappy that only fully-aided government schools had the privilege to have their water, electricity and Indah water bills paid by the Government.

In a statement, Dong Jiao Zong said the implementation was unfair because partially-aided schools would have to pay their bills with the government’s allocation for their administration.

“Both fully-aided or partially-aided schools are part of the country’s education system and they should be developed fairly by the Government,” the group said.

Deputy Education Minister Datuk Dr Wee Ka Siong said MCA was now collecting information on the amount of money needed by partially-aided schools to pay for the bills.

in honor of David

/* May 4th, 2010 by poobalan | View blog reactions No comments »
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There was a brouhaha last week as the Pakatan Rakyat government in Selangor proposed to rename Jalan Barat in PJ to Jalan V.David in honor of the statesman who fought for workers rights. David was also an MP for Bangsar, Puchong and Damansara.

Dr David, who died in July 2005 was a unionist and a former opposition DAP politician.

He won a seat in parliament representing the constituencies of Bangsar in 1959 and Damansara in 1978.

In parlaiment, he was known to be fearless and vocal in raising labour and Indian community issues.

He also served as MTUC secretary-general from 1976 to 1992. He was also the Transport Workers Union secretary-general from 1958 to 1995.

David was best known for setting up the Workers Institute of Technology (WIT) in Port Klang in the early 1970s, which provided education opportunities for thousands of workers’ children over the years.

At the international level, he served as the executive board member of the International Transport Federation and the International Confederation of Free Trade Union, and represented Malaysian workers at numerous International Labour Organisation (ILO) Conferences in Geneva, Switzerland.

He was arrested under the Emergency Ordinance in 1958 and then arrested again under the Internal Security Act 1964, 1969 (after May 13 racial riots) and 1987.

However, the proposal received opposition from some groups, and subsequently the plan was shelved. The Selangor MB said that PJ will be undergoing major redevelopment, and thus the renaming will be done later.

Meanwhile, members from four NGOs gathered near Jalan Barat in Petaling Jaya on Friday to protest the name change. Datin Paduka Norkhaila Jamaluddin, who is the chairman for Permuafakatan Petaling Jaya Selatan, Community Bestari Taman Medan and Kelab Kebajikan Wanita Petaling Jaya Selatan said the group was against the name change because they could not see the point.

“Why should we change the name because the (Malaysian Trades Union Congress) office is here? David did not contribute to the development of PJ,” she said.

“We have Jalan Barat, Jalan Timur and Jalan Utara, but you’re taking away one of them that is widely known among PJ folk?” she added.

She also said the change of name must have been politically motivated.

Kelab Rakan Muda Petaling Jaya Selatan chairman Jamaluddin Alias said the group wanted a convincing explanation.

“We never had to rename a road under the previous government, why are we doing this now while the person the road is going to be named after did not really contribute to this constituency?” he said.

Meanwhile, former MBPJ councillor Datuk Dr Wong Sai Hou said Jalan Barat had its place in PJ history and thus should not be renamed.

“It has been and still is the policy of MBPJ to retain the name of the roads for historical significance. The exception in the case if the road is a numerical number. Thus Jalan 222 was renamed Jalan P.P. Narayan.

“Jalan Barat has been in existence these 50 odd years and all PJ residents know the locality,” he said, adding that the road was also the address for many famous landmarks in PJ.

He pointed out that changing the name to Jalan V. David would economically affect residents, offices, business centres as many would have to change their details on MyKad, bank accounts and others.

He added that PJ’s Jalan Barat, Jalan Utara and Jalan Timur served as directions leading to the administrative hub of the commercial part of “New Town.

“PJ is just 58 years old and all out effort must be taken to maintain all nooks and corners, and recognise them in history.

“If the Selangor Government wants to recognise the contribution of Dr V. David then replace one of the many roads with numbers such as Jalan 223 or in a new housing estate or even in Puchong where he was a MP,” he added.

According Selangor EXCO Ronnie Liu, there are plans to redevelop PJ (whatever that means):

Liu clarified the situation, saying there has yet to be a final word on which road will be renamed.

“Initially it was either Jalan Barat or Persiaran Barat, but because the whole area is to undergo extensive redevelopment we felt we should spend some time on planning… we will certainly go through with renaming (a road),” he said.

Meanwhile, MIBA president, Sivakumar had this to say:

I was annoyed when I saw a news broadcast recently on NTV 7 where a group of people were protesting against the re-naming of Jalan Barat to Jalan V David in Petaling Jaya.

Since independence, the government has been re-naming roads, particularly those with colonial names with that of prominent Malaysians to honour them for their contributions to society.

Dr V David was one such person. He was a well-known veteran politician who had done much for the cause of workers, particularly transport workers.

He was largely responsible for putting up the Transport Workers Union building in Jalan Barat of which he was the general secretary for a long time.

The Selangor government’s action in re-naming Jalan barat as Jalan V David is a fitting choice to honour this well-known personality since the Transport Workers Union building is located along that road.

After all, Jalan Barat is not anybody’s name but just an extract of a name and re-naming it as Jalan V David is not an obnoxious act as some make it out to be.

Even though the Selangor government’s action deserves praise, there are always people who are out to criticise or condemn such action.

However, to the Selangor government, I say Syabas! You have done a virtuous act to honour a fellow Malaysian whose contributions to society had remained unrecognised hitherto.

Readers may remember a similar scenario in Perak when a road (Jalan Silibin) was to be renamed after DAP stalwart P.Patto. Lots of protest and the family of late Patto was also unhappy over these complaints. In the end, the plan was shelved. So, I guess you can’t help comparing both cases.

I too think that instead of renaming a road, it would be better to allocate names to new roads or housing areas or buildings. This would be acceptable to all, except the few who have nothing better to do than oppose for sake of opposing. We also need to remember that some of the older generation may not be aware of iconic figures during their own time due to lack of education, exposure and/or awareness, while the younger generation won’t know most of the local multi-racial historical figures due to the way our school history books are written. So, better off to just give new road or facilities such names.

what about council to help other communities?

/* May 4th, 2010 by poobalan | View blog reactions No comments »
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So, when would there be a council to help the Indian contractors? This is the question that will arise when you decide to pander to one community. I think there’s just too many Class F contractors in relation to the amount of contracts. The government can’t be expected to be spoon feeding them any more as the number of contractors increase but number of contracts does not grow in tandem, and not to mention about quality of work provided.  People like “them” need to realise that the pie is getting smaller but population getting bigger. You can’t take from others just because want to fulfill your quotas.

What to do, the constitution is conveniently used to muzzle people from voicing out, so cannot say much on this.

The Penang government today announced the establishment of a consultative council for the 1,316 Class F Bumiputera contractors in the state.

Chief Minister Lim Guan Eng said the council would help in terms of business opportunities, guidance, capital aid, business ethics and network formation.

This was the way for the government to resolve their problems and enhance their capability in terms of work standards and competitiveness, he told reporters here.

Lim said the council would establish a sub-centre where these contractors could take advantage of advisory service, training, seminars and briefings on tender information and e-procurement.

“We will look at the progress in the performance of these contractors and will ensure that work for these contractors is awarded throughout the year,” he said.

Lim said the council would hold meetings and discussions from time to time.

Penang open tender system a farce?

/* May 4th, 2010 by poobalan | View blog reactions No comments »
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So says the opposition leader Azhar Ibrahim. According to him, there were negotiations involved with the chosen tenderer. Price is not the only criteria, and I guess choosing the 5th least expensive bid can be validated is the value of service is “value for money”. No point choosing the cheapest if the service/product is below acceptable levels. Also, it depends on other criteria set in the evaluation procedure, such as company background, experience in similar projects, employee experience, certifications obtained etc. Anyway, Lim Guan Eng is expected to clarify about the accusation during his speech later.

Same goes for the award of contract to a company whom parent company is claimed to be in the red, to manage the BJCC. Yeah, its the parent company, but I still think its not a good idea as it gives the wrong impression.

Penang Opposition Leader Azhar Ibrahim has slammed the state government for misleading the public about its open-tender system, which at times turn into negotiated tenders.

While debating the governor’s speech during the state assembly sitting today, Azhar (BN-Penaga) claimed that prices tendered by contractors bidding for projects were altered after several negotiations had taken place with officials. 

Citing an example, Azhar claimed that a company that was provided the fifth least expensive bid was chosen after negotiations, instead of the cheapest bidder. 

“Negotiations, negotiations, negotiations… what kind of open-tender system is this? They (the state) only say it is an open-tender system, but during the selection process, it becomes a closed tender,” he said.

In 2008, Chief Minister Lim Guan Eng said the open-tender system applies to projects exceeding RM50,000, while for projects between RM20,000 and RM50,000, a balloting system will be introduced.

BJCC management

Azhar also touched on the controversy surrounding the state decision to award troubled Japanese company Taiyo Resort (KL) Bhd the contract to run the Bukit Jambul Country Club (BJCC).

He said that checks have revealed that the company was in the red last year. 

“So what happened to all the negotiations? This company’s financial situation seems to be very bad and yet it was chosen by the state to run BJCC,” he said in his speech. 

The matter had been raised yesterday by Gerakan political caucus secretary Mark Ooi, who pointed out that the parent company Taiyo Resort Development (M) Sdn Bhd is in financial difficulties. 

Ooi said that financial documents showed that the company’s current liabilities amounted to RM114,227,770 while losses after tax amounted to RM19,587,956.

The selection of a company to run the BJCC has been clouded with controversy for months, sparked by Bayan Baru MP Zahrain Hashim’s insistence that the contract be given to another company. 

Zahrain made the recommendation when he was chairperson of Island Golf Properties Bhd, a wholly owned subsidiary of Penang Development Corporation, the state investment arm.