Posted by hollandking > 2018-10-09 19:45 | Report Abuse

they bought a lot of gamuda, so now worried, so used all sorts of tactics, letter etc etc.

Posted by hollandking > 2018-10-09 19:45 | Report Abuse

kemek kemek koyak koyak them

Posted by Victor Yong > 2018-10-09 19:48 | Report Abuse

KUALA LUMPUR, Oct 9 — Putrajaya will discuss the decision to terminate MMC-Gamuda as the underground contractor for the Mass Rapid Transit Line 2 (MRT2) project, Tun Dr Mahathir Mohamad said today.

This comes amid claims that 20,000 employees and 600 other local companies’ source of income is at stake as a result of the termination.

The prime minister also acknowledged the possibility of mass unemployment following the government’s decision to re-tender all the unfinished underground work of the project.

“I know, we will have to discuss this,” he said briefly to reporters on the sidelines after delivering his closing address at the Khazanah Megatrends Forum 2018 here, today. :)


PM: Malaysia will be 'very friendly' towards private sector
Billy Toh
/
theedgemarkets.com

October 09, 2018 18:28 pm +08

KUALA LUMPUR (Oct 9): Malaysia will be "very friendly" towards the private sector be it foreign or local investors, Prime Minister Tun Dr Mahathir Mohamad said in his closing address at the Khazanah Megatrends Forum 2018 here today.

"We will help them to make profit when they invest in this country, be it foreign or local. I would like to explain that we allow, accept and encourage foreign direct investments (FDIs). FDIs to us mean bringing in capital, technology, setting up plants in Malaysia and employing Malaysians so that we can have the benefit of the investment in our country," the premier added.

He said the government will be very hospitable to all investors as these investments will help to create employment and opportunities for the country.


The prime minister also shared with the crowd that the government is ready to listen to investors about their unhappiness, grouses, as well as suggestions on ways to improve the environment for them to invest in the country and make profit from their investment.

He noted that the success of local and foreign investors will benefit the country as a whole and the government intends to ensure this will translate into the growth of wealth in the country.

Having said that, Dr Mahathir pointed out that the government does not consider the purchase of land to build towns or settlements for foreigners using foreign labour as FDIs.

"We do not consider the purchase of land in order to build towns or settlements for foreign people using foreign labor as FDIs. We're not discriminating any particular people or country. We want investment in this country to benefit not only the investors, but also the people of this country so we welcome FDIs because we're sure they will contribute to the growth of this country," he said.

Dr Mahathir had previously commented on the mega Forest City project in Johor, a development by Chinese developer Country Garden Holdings Co, saying that the project was built for foreigners, not for Malaysians as the prices were beyond the means of average Malaysians.

The prime minister also shared the importance for the disparity between the rich and the poor to be reduced to avoid any tension in the community.

Dr Mahathir said the government wants the country to prosper but aims to ensure that the different races in this country will enjoy the same wealth with each other.

He emphasised that the government's focus is to create an environment that would promote productivity in the country, as opposed to one on higher minimum wage. "Higher minimum wage in itself does not help or solve anything," he added.

Posted by hollandking > 2018-10-09 19:49 | Report Abuse

victor yong, how much u bought?

Posted by sjwee3 > 2018-10-09 19:49 | Report Abuse

That is why they are too easy money until no brainer write letter to govt. For who to see? We have no time to see.

Posted by Victor Yong > 2018-10-09 19:49 | Report Abuse

Tun M and Cabinet are very likely to reverse the decision... PD by election is also near :)

Posted by jolow > 2018-10-09 19:50 | Report Abuse

victor yong talk until cow come home, gamuda still keep on dropping.
waste the energy.

Posted by hollandking > 2018-10-09 19:51 | Report Abuse

https://www.malaysiakini.com/news/446609

Guan Eng: Pekerja MRT2 boleh dapat kerja semula lepas kontrak baru


There you have it, the unemployment blah blah blah

Posted by sjwee3 > 2018-10-09 19:52 | Report Abuse

No brainer kind of people.

Posted by hollandking > 2018-10-09 19:52 | Report Abuse

read all,dont read just one part

Posted by Goh Kim Hock > 2018-10-09 19:52 | Report Abuse

The whole nation has to bear the extremely high cost of the project, just to satisfy certain individuals who are the stakeholders in Gamuda.

Posted by ks55 > 2018-10-09 19:53 | Report Abuse

Price Target (GAMUDA): Gamuda Berhad - KVMRT2 Underground Contract Cancelled

Oct 8, 2018 04:57 PM | Report Abuse

TP 1.50 by year end

Posted by Goh Kim Hock > 2018-10-09 19:53 | Report Abuse

I cannot agree to this. Nation's interest comes first.

Posted by hollandking > 2018-10-09 19:54 | Report Abuse

i agreed with goh kim hock. Those selfish ppl willing to put the country at risk all for the sake of their own pocket. What u call that? Hon kan?

Posted by jolow > 2018-10-09 19:54 | Report Abuse

this gamuda want to sabotaj the government.
Should black list them for further contract.
They taught they are "TOO BIG TO FAIL"

Posted by sjwee3 > 2018-10-09 19:55 | Report Abuse

Headache.

Posted by sjwee3 > 2018-10-09 19:57 | Report Abuse

Gihonland gan! Or qionggan!

Posted by ray1980 > 2018-10-09 19:57 | Report Abuse

Kill one cronies but kill 20,000 workers also.No human feeling.

Posted by hollandking > 2018-10-09 19:58 | Report Abuse

this isnt about killing cronies, is about the financial well-being of the country

Posted by sjwee3 > 2018-10-09 20:00 | Report Abuse

Don't talk too to this people. Call, qionghollandkan

Posted by trulyinvest > 2018-10-09 20:00 | Report Abuse

This is wise man buat bisness. Bukan buta buta award project without looking at the cost

Posted by ray1980 > 2018-10-09 20:00 | Report Abuse

Young professional worker got high salary because underground tunnel work is very dangerous.Life could be die on one second.This is not a simple job.

Posted by TrippleZ > 2018-10-09 20:00 | Report Abuse

hollandking, last I checked, PH said country financial still stable and no way a 10bil project can affect much if proceed.

Posted by hollandking > 2018-10-09 20:02 | Report Abuse

do you know why the govt is doing this and that(cost cutting)? cut here and there? Is to reduced the debt. When u reduced debt, u need to find ways, cut here a bit there a bit and then when u add all together, they become big number. Govt is even considering new taxes.

Posted by Goh Kim Hock > 2018-10-09 20:02 | Report Abuse

Selangor civil servants only 17,528. Can't even beat the 20k workers building the tunnel. Amazing.

Posted by hollandking > 2018-10-09 20:03 | Report Abuse

LGE is trying to cut a very big amount of debt, so he need to cut here and there, he's got a very big problem at hand, dont forget the GST refund.

Posted by jolow > 2018-10-09 20:04 | Report Abuse

build one big longkang also need 20k workers.
very inefficient. No wonder cost is damn high.

Posted by trulyinvest > 2018-10-09 20:05 | Report Abuse

When lge make national surplus like penang, then mlaysia wil b in good position n foreign funds wil come in bursa

Posted by sjwee3 > 2018-10-09 20:07 | Report Abuse

Damn shit. 20k rat feeded under tunnel. Qiong kan.

Posted by TrippleZ > 2018-10-09 20:09 | Report Abuse

hollandking, you don't need to be wise to know that high debt is only an excuse to achieve their agendas.

Posted by TrippleZ > 2018-10-09 20:10 | Report Abuse

600 companies will be affected with the cancellation of the project. Who do you think controlling these companies?

Posted by sjwee3 > 2018-10-09 20:10 | Report Abuse

Burried all under tunnel settle. Qiong Kan.

Posted by probability > 2018-10-09 20:13 |

Post removed.Why?

Posted by ray1980 > 2018-10-09 20:14 | Report Abuse

I think one day have one or two worker on all projects truly die, government would be happy with their action."Bersih cukuplah, jangan buat terlalu lebih!"

Posted by vitac > 2018-10-09 20:14 | Report Abuse

Big project lah..sapu lantai already need 500 worker

Posted by vitac > 2018-10-09 20:15 | Report Abuse

600 company is all under sub-contractor

Posted by Victor Yong > 2018-10-09 20:16 | Report Abuse

this contract was obtained by mmc gamuda by beating few foreign bidders in an open tender. now, mmc gamuda agreed to reduce the price further with amended specifications, etc even open to further negotiation with mof. if foreign company, they would have sued the Malaysian govt :)

Posted by vitac > 2018-10-09 20:21 | Report Abuse

Yes Gamuda JV bidding is cheaper then others foreign co. but the vo price is sky price, from there they split the money to those cronies.If they cannot get the project back then there is a big hole in their coming account, will be lost making for many quarter.

Posted by sjwee3 > 2018-10-09 20:21 | Report Abuse

If the ratio of engineer to labor worker is high is more scary you know.

Posted by Marihome > 2018-10-09 20:22 | Report Abuse

https://www.nst.com.my/news/nation/2018/10/419537/govt-review-international-open-tender-decision-mrt2

Posted by sjwee3 > 2018-10-09 20:23 | Report Abuse

Oppositely if the worker out number engineer also very scary in term of expenses.

Posted by chinaman > 2018-10-09 20:23 | Report Abuse

gamuda should just launch legal suit vs govt. Make Pakatun govt. embarassed. wakaka

Posted by JJchan > 2018-10-09 20:24 | Report Abuse

200 Bangla needed to direct traffic with little triangle Flags( or white towels---later used to wipe face sweat )

Posted by 1519378884747574 > 2018-10-09 20:25 | Report Abuse

I have 25lot of gamuda priced at 2.43

Posted by probability > 2018-10-09 20:25 | Report Abuse

the only way so called cronies can be supported by Gamuda is by procuring at over valued price on material & services provided by sub-vendor....

so, the "squeezing of margin' would only take place on the cronies hidden inside the sub-vendor form...not Gamuda.

The profitability of Gamuda would be retained.


Posted by vitac > Oct 9, 2018 08:21 PM | Report Abuse

Yes Gamuda JV bidding is cheaper then others foreign co. but the vo price is sky price, from there they split the money to those cronies.If they cannot get the project back then there is a big hole in their coming account, will be lost making for many quarter.

Posted by vitac > 2018-10-09 20:27 | Report Abuse

Thats why we always see the real amount after the project finished is more than double from the award amount.

Posted by sjwee3 > 2018-10-09 20:27 | Report Abuse

Why so much people tunnel oppenign is just 1 only. No chance to see another end of opening.

Posted by 1519378884747574 > 2018-10-09 20:28 | Report Abuse

Bring this matter to international court..cibai...koyak muka

Posted by jolow > 2018-10-09 20:30 | Report Abuse

international court is in holland
bring gamuda to holland and don;t come back,

Posted by vitac > 2018-10-09 20:30 | Report Abuse

Haha then Gamuda & Mmc have to migrate already, income tax will come to them the first thing.