By Lee Wee Tak
Reading the little facebook walls postings, I suppose the great series of common Sabahans have been not exactly anxious with the proposed Pusat Pentadbiran Negeri Sabah awarded to Bina Puri Group. Was there any open tendering? Never mind that.
That RM388 million project accounts for 16% of the total order book of RM2.4 billion, that is the genuine durian runtuh.
This is the Bursa Malaysia announcement:
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http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp
BINA PURI HOLDINGS BHD
Date Announced : 21/07/2011
Description : Cadangan Pusat Pentadbiran Negeri Sabah, Teluk Likas, Kota Kinabalu, Sabah (Fasa 1 Kerja-kerja Pembangunan)
Announcement Details/Table Section :
The Board is pleased to announce that Bina Puri Sdn. Bhd., the wholly-owned subsidiary of Bina Puri Holdings Bhd. has supposed the letter of endowment from the Director of Public Works, Headquarters in Kota Kinabalu, Sabah on 13 Jul 2011 for the project known as Cadangan Pusat Pentadbiran Negeri Sabah, Teluk Likas, Kota Kinabalu, Sabah (Fasa 1 Kerja-kerja Pembangunan) for the stipulate sum of RM388,737,737.00. The duration of the building the whole period is thirty months.
With the above award, the Groups current unbuilt book order stands during RM2.40 billion as during to date. In 2011, the Group had managed to secure new projects value up to about RM500.00 million as during to date.
T! he contr act is expected to minister positively to the gain of Bina Puri Group for the monetary year finale 31 Dec 2011.
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Sabahans might consternation about the states significant oil as well as timber revenue, as well as demeanour during the conditions of the roads, hospitals, employment opportunities as great as alternative some-more down to earth as well as direct denote of their well-being.
Maybe Sabahans do not desperately need an additional state supervision office with the mystery of fast increasing registered Sabahans is still unanswered.
Is Sabahans getting behind the deserved share of the natural resources? Who have been behind Bina Puri anyway? Are they the Sabahan owned, Sabahan run concern?
The Chairman of Bina Puri Group is Dato' Ir Wong Foon Meng
According to the profile page of the 2010 annual report as well as accounts:-
He was inaugurated as the State Assemblyman in Terengganu* in 1995 as well as subsequently allocated as the member of the State Executive Council (EXCO). He was allocated as Senator as well as inaugurated as Deputy President of the Senate of Parliament of Malaysia in 2004. He was then inaugurated as the President of the Senate from Jul 2009 until April 2010
* as the MCA candidate
In the Chairmans statement touching on Business Outlook as well as Prospects, Dato Wong has this comment :
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.the universe manage to buy experienced the worst goods of the tellurian monetary predicament in the initial half of 2009, . As the ! rarely o pen economy, the Malaysian manage to buy was likewise significantly affected .
Against this backdrop, joined with the Governments expansion procedure policies that enclosed the roll-out of RM9billion in infrastructure projects, together with the sustenance of RM4.7 billion for roads as well as bridges projects as well as RM2.6 billion for H2O supply as well as sewerage services, the Bina Puri Group will benefit accordingly
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What the Chairman is saying, to this reader, is that when there is the universe manage to buy predicament hitting Malaysian soil, instead of receiving measures to cut cost as well as leakages, raise the competitiveness of the nation, strengthen the reserve nets for citizens, the BN administration department will serve increase the necessity budget, causing aloft national debts as well as endowment some-more contracts to comparison parties.
> 60% of the Group's income is derived from open project
Affordable housing in Sandakan....at the profit to the Semenanjung developer, perhaps
According to the Group Managing Director, Senator Tan Sri Datuk Tee Hock Seng i! n his Review of Operations,
That RM388 million project accounts for 16% of the total order book of RM2.4 billion, that is the genuine durian runtuh.
This is the Bursa Malaysia announcement:
----------------------------------------------------------------------------------------------------------
http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp
BINA PURI HOLDINGS BHD
Date Announced : 21/07/2011
Description : Cadangan Pusat Pentadbiran Negeri Sabah, Teluk Likas, Kota Kinabalu, Sabah (Fasa 1 Kerja-kerja Pembangunan)
Announcement Details/Table Section :
The Board is pleased to announce that Bina Puri Sdn. Bhd., the wholly-owned subsidiary of Bina Puri Holdings Bhd. has supposed the letter of endowment from the Director of Public Works, Headquarters in Kota Kinabalu, Sabah on 13 Jul 2011 for the project known as Cadangan Pusat Pentadbiran Negeri Sabah, Teluk Likas, Kota Kinabalu, Sabah (Fasa 1 Kerja-kerja Pembangunan) for the stipulate sum of RM388,737,737.00. The duration of the building the whole period is thirty months.
With the above award, the Groups current unbuilt book order stands during RM2.40 billion as during to date. In 2011, the Group had managed to secure new projects value up to about RM500.00 million as during to date.
T! he contr act is expected to minister positively to the gain of Bina Puri Group for the monetary year finale 31 Dec 2011.
--------------------------------------------------------------------------------
Sabahans might consternation about the states significant oil as well as timber revenue, as well as demeanour during the conditions of the roads, hospitals, employment opportunities as great as alternative some-more down to earth as well as direct denote of their well-being.
Maybe Sabahans do not desperately need an additional state supervision office with the mystery of fast increasing registered Sabahans is still unanswered.
Is Sabahans getting behind the deserved share of the natural resources? Who have been behind Bina Puri anyway? Are they the Sabahan owned, Sabahan run concern?
The Chairman of Bina Puri Group is Dato' Ir Wong Foon Meng
According to the profile page of the 2010 annual report as well as accounts:-
He was inaugurated as the State Assemblyman in Terengganu* in 1995 as well as subsequently allocated as the member of the State Executive Council (EXCO). He was allocated as Senator as well as inaugurated as Deputy President of the Senate of Parliament of Malaysia in 2004. He was then inaugurated as the President of the Senate from Jul 2009 until April 2010
* as the MCA candidate
In the Chairmans statement touching on Business Outlook as well as Prospects, Dato Wong has this comment :
-------------------------------------------------------------------------------! -------- --
.the universe manage to buy experienced the worst goods of the tellurian monetary predicament in the initial half of 2009, . As the ! rarely o pen economy, the Malaysian manage to buy was likewise significantly affected .
Against this backdrop, joined with the Governments expansion procedure policies that enclosed the roll-out of RM9billion in infrastructure projects, together with the sustenance of RM4.7 billion for roads as well as bridges projects as well as RM2.6 billion for H2O supply as well as sewerage services, the Bina Puri Group will benefit accordingly
------------------------------------------------------------------------------------------
What the Chairman is saying, to this reader, is that when there is the universe manage to buy predicament hitting Malaysian soil, instead of receiving measures to cut cost as well as leakages, raise the competitiveness of the nation, strengthen the reserve nets for citizens, the BN administration department will serve increase the necessity budget, causing aloft national debts as well as endowment some-more contracts to comparison parties.
Understandably, the projects that column up the Group have been significantly open projects saved by taxation payers. Was there any open tendering? Oh do close up!
> 60% of the Group's income is derived from open project
According to the Group Managing Director, Senator Tan Sri Datuk Tee Hock Seng i! n his Review of Operations,
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HIGHWAY CONCESSION
The building the whole of the 33 km KL-Kuala Selangor Expressway (LATAR Expressway) linking Kuala-Lumpur during Templers Park in the district of Gombak with the municipality of Ijok in the district of Kuala Selangor on the West Coast of the peninsular, has right away entered in to the last stage of building the whole as well as is on aim to be entirely operational in mid of 2011.
The Group is confident that the LATAR Expressway will minister positively to the gain from year 2016 onwards. With this project underneath the belt, the Group will essay to work during identical models that would minister to repeated income"
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So we Malaysians improved brace ourselves for some-more toll then. Looks similar to Bina Duri is really doing great in Semenanjung Malaysia as well as expanding opposite the South China Sea.
Ominously, the great senator combined on:
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PROPERTY DIVISION
The Group is placing some-more emphasis in this division as well as intends to built up the healthy portfolio as well as not to be over reliant on the building the whole division. The Group have development projects with over RM250 million in gross development value ! to be la unched in 2011. We have streamlined the subsidiary association Bina Puri Properties Sdn Bhd to be the categorical driver of the Groups property related projects.
..
This understanding is great for the Group in that it provides us with positive on trial let income in additional of RM40million.
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So it is a current question that whether Sabahans will be profitable as well as guaranteeing let to Bina Puri Group? The knowledge of us in Semenanjung profitable let to Putrajaya Holding Group for the little VIP home is not too thrilling, Im afraid.
The great senator sealed off his review by saying.
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FUTURE PROSPECTS
.. building the whole has as well as will be the categorical procedure for the Nations expansion as well as Bina Puri will fool around the major role towards Malaysias prophesy to achieving developed nation status by year 2020 in the execution of the Mega-Projects cumulative by the Group such as the KLIA 2 Airport as well as the Ampang LRT Line Extension.
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Any open tendering? Oh for integrity sake, close up please.
The biggest shareholders in Bina Puri Group have been Jentera Jati Sdn Bhd as well as Bumimaju Mawar Sdn Bhd that have been! tranqui l by Tan Sri Syed Mokhtar Al-Bukhary as well as Tan Sri Tong Yoke Kim respectively, according to this press release by the Corp Communications Department of Bina Puri Holdings Berhad antiquated 23.02.2009.
http://www.binapuri.com.my/Inv_Info/press/2009/Feb/ED230209.pdf
Tan Sri Syed Mokhtar Al-Bukhary, the singular of the riches Malaysians determining vast operation of businesses as well as runs his famous university for most nationalities together with Afghans, Albanians, Laotians, Yemenians, Ethopians...in Kedah.
http://wangsamajuformalaysia.blogspot.com/2010/11/tradewinds-m-berhad-your-rice-and-sugar.html
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http://www.aiu.edu.my/sponsorship.html
The Albukhary Foundation Scholarship
Albukhary International University (AIU) is entirely saved by the Albukhary Foundation, Malaysia as well as all students in attendance AIU shall be sponsored by the Scholarship described herein.
The Albukhary Foundation intends to make available ten (10) scholarships for each nation to support disadvantaged youths, mainly Muslim youths, to graduate with the degree from the Albukhary International University.
!
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Oops, I still yet to name the singular Sabahan.
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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