EPISODE 24: Dont talk about Kelantan, look at Selangor


The Current Assets for 2011 was RM1,739,983,000.The Current Liabilities for 2011 was RM2,388,970,000.All these prove which Puncak Niaga is a broke association (PN17) as good as should not be authorised to continue handling a H2O resources in Selangor as good as which a Privatisation as good as Concession Agreement should be terminated.
THE CORRIDORS OF POWER
Raja Petra Kamarudin
Kelantan rapped for not upon condition which clean water
PROLONGED ISSUE: Supply to 39 schools in state during vicious level, warns emissary minister
THE Pas-led Kelantan supervision needs to do some-more in upon condition which cleaner H2O to a rakyat in a state, especially in schools, a house was told yesterday.
Deputy Education Minister Dr Puad Zarkashi (BN-Batu Pahat) pronounced his method was working with a Health Ministry to demeanour in to improving a H2O peculiarity in Kelantan. However, Puad pronounced efforts should not be done usually by a Federal Government. He combined which a state supervision contingency additionally step in as good as demeanour during a complaint seriously.
"We have been propelling a state supervision to take a issue seriously as it has been prolonged. Perhaps, a state supervision would want to cruise setting up a steering cabinet to demeanour in to probable solutions to compromise a H2O problem."
Puad was replying to a question by Datuk Ibrahim Ali (Ind-Pasir Mas) upon either a Education Ministry dictated to implement H2O supply projects in a state as a students have long been granted with infested H2O which affects their health. Puad pronounced a education method had identified 39 out of 77 schools in Kelantan which were during a vicious l! evel of H2O supply.
"Several initiatives have been take! n by a m ethod to urge a situation. The Health Ministry has sent their officers to guard a H2O condition in Kelantan as good as a method is perplexing to demeanour for pick H2O sources for a schools."
Puad additionally urged a state H2O government company, Air Kelantan Sdn Bhd, to enlarge a peculiarity of H2O to a schools.
In 2009, a Auditor-General's Report stated which a peculiarity of H2O supply in Kelantan did not encounter a standards set by a Health Ministry. The report had stated which Air Kelantan did not place pr! iority i n cleaning a H2O pipes. Kelantan has twenty-eight H2O diagnosis plants.
Puad pronounced a supervision had allocated RM27.3 million given 2008 for a construction of 91 tube wells. Of which number, 83 have been finished whilst a superfluous eight have been still underneath construction, he added. --New Straits Times
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That was what theNew Straits Timesreported upon 27th Mar 2012 per a H2O complaint in Kelantan. Actually, we had already created about this 12 years ago upon 28th Sep 2000 in an essay called:Killing a Kelantanese with no water. we again wrote about it final year upon 23rd Nov 2011 in an essay called:You initial have to know a definition of a word(read a essay here:http://www.malaysia-today.net/mtcolumns/no-holds-barred/45210-you-first-have-to-know-the-meaning-of-the-word)
Okay, whilst Umno as good as Barisan Nasional scream about a H2O complaint in Kelantan, allow me to additionally scream: though this time about a H2O complaint in Selangor. Both states, incidentally, have been underneath Pakatan Rakyat administration, bu! t a pr oblem in Selangor is different from which in Kelantan.
The Selangor State Government has been having a long-running conflict with a Barisan Nasional Fed! eral Gov ernment per a consolidation of a H2O attention in Selangor -- to place it underneath a association 100% owned by Selangor as good as to dismantle a privatisation of a H2O attention now underneath a control of H2O concessionaires.
The main barrier in removing a Federal Government to determine to this plan is, of course, given of a involvement of Umno cronies in a Selangor H2O industry, namely Tan Sri Rozali Ismail (picture below) by Puncak Niaga (M) Sdn Bhd (PNSB) as good as PNSB's subsidiary, SYABAS.
Tan Sri Rozali Ismail, shareholder as good as Chairman/Director of Punck Niaga (M) Sdn Bhd.
Through a consolidation of a H2O industry, Rozali will mount to remove a colossal volume of income as he has over-extended himself as good as will usually determine to a pricing which recognises his "future detriment of commercial operation as good as profits".
Selangor, understandably, will not determine to compensate him for destiny enlarge as a State Government's row is which a pricing contingency be based upon a assets to be taken behind from a concessionaires, which they had earlier acquired from Selangor.
A closer demeanour during a financials of PNSB will discuss it a story as to why Rozali needs to cover "future profits". His companies have been some-more or less broke so he wants to make income a quick approach during a responsibility of Selangor as good as a Malaysian taxpayers.
Please note which when Rozali was given a H2O benefaction as good as a privatisation rights, he was then a Treasurer of Umno Selangor. And do we have to be a might to figure out where a bulk of a "funds" derived from a privatisation went to?
In short, as in most of these cases, Rozali was acting as a front for Umno as good as a income went in to Umno's pocket. Now do we know how general elections have been marked down to BUY-elections?
Just similar to in a Tan Sri Tajudin Ramli as good as MAS case, we suppose, Rozali contingency be observant to himself: why should we lift a detriment alone given this scheme was to heighten Umno as good as we was merely Umno's nominee?
To further assimilate a numbers, greatfully review a following documents:
1) Puncak Niaga Financial Statement FYE 2011(http://www.malaysia-today.net/files/Puncak-Niaga-FYE-2011.pdf).
2) Puncak Niaga Announcement upon PN17 Waiver(http://www.malaysia-today.net/files/Puncak-Niaga-PN17-Waiver.pdf).
3) Puncak Niaga Financial Statement FYE 2010(http://www.malaysia-today.net/files/Puncak-Niaga-FYE-2010.pdf).
1) From Puncak Niaga's Financial Statement FYE 2011! , in par ticular a Condensed Consolidated Statement of Financial Position upon page 4, we will see that:
a) The Current Assets for 2011 was RM1,739,983,000
b) The Current Liabilities for 2011 was RM2,388,970,000
(This gives a association a Nett Current Liability in front of of RM648,987,000)
c) The sum equities is in deficit to a tune of RM16,053,000
All these prove which Puncak Niaga is a broke association (PN17) as good as should not be authorised to continue handling a H2O resources in Selangor as good as which a Privatisation as good as Concession Agreement should be terminated.
2) From a Puncak Niaga Financial Statement FYE 2010 upon page 259, we will see that:
i) The Executive Directors' Remunerations volume to RM15,580,872
ii) One of them earned in between RM6,800,000 to RM6,900.000
Giv! en a on top of as good as also:
1) That PNSB/SYABAS has not been able to revoke a Non-Revenue Water -- which now is on top of 30% (when it should be not some-more than 20%) -- due to non-replacement of pipes, as supposing in a Concession Agreement.
2) That SYABAS has been paying a H2O diagnosis companies usually about 40% of their bills given Pakatan Rakyat took over a state government. (The companies have been now suing SYABAS for about RM2 billion in unpaid bills).
3) That SYABAS has additionally refused to authorize a H2O supply for brand brand new growth projects in Kuala Lumpur as good as Selangor, thus jeopardising a Selangor as good as a Federal Government's 'Transformation Plan' -- as no brand brand new growth projects, residential, commercial as good as industrial, will be approved by SYABAS.
The applicable questions which we now need to ask are:
1) Why is it which a Federal Government will not allow Selangor to terminate a Concession Agreement with PNSB as good as SYABAS?
2) Why is it which a Bursa has given PNSB a waiver when obviously it is already a broke company?
3) Why is it which a Federal Government will not demand which SYABAS authorize H2O supplies for brand brand new growth projects in Selangor?
Prime Minister Najib Tun Razak is starting around Selangor revelation a commercial operation village which all these H2O issues will be resolved once as good as if Barisan Nasional were to win behind Selangor, only similar to they have been revelation a Kelantanese which they will get improved peculiarity H2O once as good as if Umno wins behind Kelantan -- in a meantime we can die of Cholera, which most are.
Of course, this will be during a responsibility of therakyat, as SYABAS has been asking for a 37% enlarge in a rates given 2009 -- as supposing for in a Concession Agreement -- as good as an additional 25% increase, supposed to be in 2012.
So, if Barisan Nasional were to win behind Selang! ! or, all a supervision needs to do is to authorize a rates increase, as requested by SYABAS, as good as compensate them behind a volume of "short-fall" in their billings for a final few years given Pakatan Rakyat took over a state in Mar 2008.
In short, it will be a asset for SYABAS if Umno takes behind a state -- only similar to how a supervision has betrothed a FELDA settlers as good as every male as good as his dog a "windfall" if Barisan Nasional wins a coming general election.
The bottom line is: Umno only can't means NOT to win behind Selangor. There is only too much income involved here. And which income is a money, income belonging to a Malaysian taxpayers.
Do we need a single reason why Pakatan Rakyat contingency not remove Selangor? we can give we most billions of reasons. And those billions have been tied to only a single issue: a H2O privatisation in Selangor as good as a billions, which have gone, as good as which will continue to go, in to Umno's pockets.
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