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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bingo
2,677 posts
Posted by bingo > 2013-04-25 17:09 | Report Abuse
The LDP concession agreement signed by our elected Barisan Nasional (BN) government virtually guaranteed excessive profits for the cronies at the public's expense – a highway robbery at broad daylight! “SHARE” this out!
The total capital cost of construction of the LDP highway is estimated at RM1.3 billion while the projected profit after tax over the 30 year concession period will be RM18.9 billion. Yes, you've read it right. Over a short period of 30 years, Litrak, the LDP concessionaire is practically guaranteed of RM18.7 billion profits relative to an initial cost of RM1.3 billion.
Ubah Sekarang, Bersihkan Malaysia!
----
Even if the Government had funded the construction of LDP by issuing generous high yielding treasury bonds at 5% rate, the overall cost of construction would only have amounted to no more than RM5.75 billion.
More than RM10 billions of our hard-earned tax payers' monies are literally siphoned off for the benefit of the few politically connected. As usual, there was also no open or competitive tenders made for the concession rights.
If Pakatan Rakyat comes to power, we will restructure the toll concessions in stages to ultimately abolish tolls. With that, ordinary Malaysians will not have to suffer to pay the unfair toll charges to fill the pockets of the few cronies.
Ubah Sekarang, Bersihkan Malaysia!