tag:blogger.com,1999:blog-11109306.post8271035222179859296..comments2024-03-28T21:18:32.829+08:00Comments on KTemoc Konsiders ........: M'sia Economic Minister Machiavellian but MaluKTemochttp://www.blogger.com/profile/09951253039042572381noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11109306.post-18238186476845303362021-02-17T16:33:02.783+08:002021-02-17T16:33:02.783+08:00The elephant in the room is our policy of panderin...The elephant in the room is our policy of pandering and favouring one group of elites predominantly within one race.<br /><br />Prime example: HSR.<br /><br />SGP knew too well the pitfalls of investing in MYS, that was why they insisted on having an independent third party AssetsCo but once the PN gomen came in "power" the elites wanted a slice of the 100 billion. So SGP walked away.<br /><br />Same lah with many other investments, local "well connected" people will want free shares, directorships, guaranteed business for their relatives or friends etc etc.<br /><br />QUOTE<br />HSR termination's main reason revealed: Malaysia wanted third-party company removed<br />JANUARY 05, 2021<br />By TOH TING WEI THE STRAITS TIMES<br /><br />SINGAPORE - Singapore could not accept Malaysia's proposal to remove the systems supplier and network operator of the high-speed rail (HSR) project as it constituted a "fundamental departure" from the original agreement, said Transport Minister Ong Ye Kung.<br /><br />This "particularly significant change" to remove the Assets Company (AssetsCo) was Singapore's main concern, he said in Parliament on Monday (Jan 4), and had led to the termination of the Kuala Lumpur-Singapore HSR project. <br /><br />Malaysia had allowed the bilateral agreement to lapse on the deadline of Dec 31, 2020, after both sides could not agree to changes it had proposed.<br /><br />"Because neither country has the expertise and experience in operating the HSR, we agreed under the HSR bilateral agreement to appoint a best-in-class industry player through an open and transparent international tender to assume the role of the AssetsCo," he said.<br /><br />"Once appointed, the AssetsCo will supply the train system, operate the network, ensure that appropriate priority is given to cross-border HSR service vis-a-vis Malaysia's domestic service, and be accountable to both Singapore and Malaysia."<br /><br />To Singapore, the AssetsCo is the "centrepiece" of the HSR project and is necessary to ensure that the interests of both Singapore and Malaysia are protected, he added.<br /><br />"This will minimise the possibility of future disagreements and disputes over the long duration of the project, lasting decades," said Mr Ong.<br /><br />"Singapore therefore informed Malaysia that the removal of the AssetsCo constituted a fundamental departure from the HSR bilateral agreement, and could not be accepted."<br />UNQUOTETShttps://www.blogger.com/profile/14536181190331052335noreply@blogger.com