By Datuk Yong Teck Lee
KOTA KINABALU: The cronies have been during it again. After failing to monopolize a throw steel commercial operation 3 years ago, cronies have again reared their ugly heads to squeeze a descent as well as supply of silt to a construction industry.
KOTA KINABALU: The cronies have been during it again. After failing to monopolize a throw steel commercial operation 3 years ago, cronies have again reared their ugly heads to squeeze a descent as well as supply of silt to a construction industry.
Using a same lame forgive of messy coercion opposite "thefts of throw metal", a domestic masters have right away come up with thefts of silt as a forgive to put all a rights to silt descent in a hands of Sabah Economic Development Corporation (SEDCO).
This is a repeat of a unsuccessful attempt in 2008 to let Superpanel Sdn. Bhd., a subsidiary company of a Sabah Housing as well as Town Development Board (LPPB), monopolize a throw steel business.
At a time, a throw steel commercial operation was lucrative. The same forgive about steel thefts as well as safeguarding a government's interests was used for monopolising a business. But eventually, a thought was dropped due to a tumble in throw steel prices. The preference upon a corner had nothing to do with a government's interests. It had all to do with greed as well as abuse of power.
This silt corner could hold a construction industry to ransom, levy capricious prices as well as remuneration terms, together with dark costs. Like a import of vehicles using APs (Approved Permits), quotas could be allocated to sub-cronies to buy as well as sell ! sand, th ereby driving costs.
How can SEDCO enforce opposite silt thefts? It has 0 coercion personnel as well as no statutory energy to seize machineries, investigate, arrest or prosecute. So, people have been entitled to draw their ! own conc lusions. Is it a coincidence that a Chairman of SEDCO, a assemblyman for Membakut, is a family part of of a Chief Minister?
Monopolies fuel inefficiency, suppress mercantile growth, add to dark costs as well as kills in isolation zone initiative. All economists know this. This is why many countries have anti-monopoly laws. If a Sabah supervision were to go ahead with a silt monopoly, afterwards silt operators as well as consumers can complain to a anti-monopoly Malaysia Competition Commission underneath Section 15 of a Competition Act 2010 that takes outcome upon January 1, 2012. Our anti-monopoly laws seek to protect consumers, businesses as well as a economy. Under Section 4(2)(b), it is an offence to monopolize a marketplace as well as a SOURCES OF SUPPLY, that in this box is silt supply. It is accepted that a Competition Commission will examine a MAS-Air Asia share barter understanding that has created a super corner of a aviation industry, heading to marked down flights, marked down destinations, higher fares as well as cancellation of Tiger Air flights to Sabah.
Bad policies will start a mercantile wellbeing of a whole state. After casting clouds over a heads of birds nest farmers as well as a unsuccessful implementation of a Money Lenders Act, a supervision right away wants to levy a silt monopoly. This is an additional slap in a face for a commercial operation village that is already struggling opposite rising fuel prices, marked down banking credit as well as uncertainties over a tellurian banking crisis.
The usually zone sustaining a Sabah economy is oil palm, but that is right away increasingly influenced by unfamiliar workers issues as well as worsening roads.
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By Datuk Yong Teck Lee is Sabah Progressive Party (SAPP) President
Posted by wikisabah
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